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WARRANTS (Tables)

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

The fair value of the outstanding warrants at December 31, 2014 was calculated using the Black Scholes Model with the following assumptions:

Market price per share (USD/share)		2.73
Exercise price (USD/share)		$4.00 - $11.86
Risk free rate		0.06% - 1.00%
Dividend yield		-
Expected term/Contractual life (years)		0.30 - 2.64
Expected volatility		27.57% - 140.19%

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following table sets forth by level within the fair value hierarchy of our financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2014, 2013 and 2012:

	Carrying Value at		Fair Value Measurement at
	December 31,2014		December 31,2014
			Level 1		Level 2		Level 3
Warrants liability	$	553,060	$	-	$	553,060	$	-

	Carrying Value at		Fair Value Measurement at
	December 31,2013		December 31,2013
			Level 1		Level 2		Level 3
Warrants liability	$	720,857	$	-	$	720,857	$	-

Schedule of Warrant Activity [Table Text Block]

The following is a reconciliation of the beginning and ending balances of warrants liability measured at fair value on a recurring basis using Level 2 inputs:

	December 31,
	2014		2013		2012
	US$		US$		US$
Beginning balance		720,857		374,166		96,469
Warrants issued		2,698,375		-		97,505
Fair value change of the issued warrants included in earnings		(2,866,172)		346,691		180,192
Ending balance		553,060		720,857		374,166

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

Following is a summary of the warrants activity:

			Weighted		Weighted Average
			Average		Remaining
	Number		Exercise Price		Contractual Life
Outstanding as of January 1, 2012		157,500	$	9.98	3.31
Granted		100,000
Forfeited		-
Exercised		-
Outstanding as of December 31, 2012		257,500	$	7.66	2.97
Granted		-
Forfeited		-
Exercised		-
Outstanding as of December 31, 2013		257,500	$	7.66	1.97
Granted		293,880
Forfeited		-
Exercised		-
Outstanding as of December 31, 2014		551,380	$	9.9	1.86

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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