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CONSOLIDATED STATEMENTS OF EQUITY - USD ($) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income [Member] | Noncontrolling Interest [Member]
--- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2012 | $ 34,068,296 | $ 12,618 | $ 13,500,847 | $ 16,147,723 | $ 2,967,202 | $ 1,439,906
Balance (in shares) at Dec. 31, 2012 |  | 4,620,000 |  |  |  |
Issuance of 8,000shares upon excise of share-based awards | 11,600 | $ 22 | 11,578 | 0 | 0 | 0
Issuance of 8,000 shares upon excise of share-based awards (in shares) |  | 8,000 |  |  |  |
Issuance of 94,000 options to employees | 9,761 | $ 0 | 9,761 | 0 | 0 | 0
Issuance of 94,000 options to employees (in shares) |  | 0 |  |  |  |
Issuance of 40,000 shares to non-employee | 145,600 | $ 109 | 145,491 | 0 | 0 | 0
Issuance of 40,000 shares to non-employee (in shares) |  | 40,000 |  |  |  |
Additional paid in capital | 327,407 | $ 0 | 0 | 0 | 0 | 327,407
Stock based Compensation | 84,510 | 0 | 84,510 | 0 | 0 | 0
Foreign currency translation gain (loss) | 1,028,124 | 0 | 0 | 0 | 982,869 | 45,255
Net income (Loss) | 2,003,326 | 0 | 0 | 1,995,621 | 0 | 7,705
Balance at Dec. 31, 2013 | 37,678,624 | $ 12,749 | 13,752,187 | 18,143,344 | 3,950,071 | 1,820,273
Balance (shares) at Dec. 31, 2013 |  | 4,668,000 |  |  |  |
Issuance of 134,000 shares upon excise of share-based awards | 194,300 | $ 366 | 193,934 | 0 | 0 | 0
Issuance of 134,000 shares upon excise of share-based awards (in shares) |  | 134,000 |  |  |  |
Issuance of 160,000 shares to non-employee | 644,001 | $ 437 | 643,564 | 0 | 0 | 0
Issuance of 160,000 shares to non-employee (in shares) |  | 160,000 |  |  |  |
Issuance of 734,700 shares to investors | 3,368,171 | $ 2,006 | 3,366,165 | 0 | 0 | 0
Issuance of 734,700 shares to investors (in shares) |  | 734,700 |  |  |  |
Issuance shares to employees, directors and officers | 603,808 | $ 306 | 603,502 | 0 | 0 | 0
Issuance shares to employees, directors and officers (in shares) |  | 111,975 |  |  |  |
Stock based Compensation | 160,613 | $ 0 | 160,613 | 0 | 0 | 0
Foreign currency translation gain (loss) | (576,891) | 0 | 0 | 0 | (549,872) | (27,019)
Net income (Loss) | (25,033,872) | 0 | 0 | (24,298,114) |  | (735,758)
Balance at Dec. 31, 2014 | 17,038,754 | $ 15,864 | 18,719,965 | (6,154,770) | 3,400,199 | 1,057,496
Balance (shares) at Dec. 31, 2014 |  | 5,808,675 |  |  |  |
Issuance of 25,000 shares upon excise of share-based awards | 36,250 | $ 68 | 36,182 | 0 | 0 | 0
Issuance of 25,000 shares upon excise of share-based awards (in shares) |  | 25,000 |  |  |  |
Issuance of 12,000 shares to non-employee | 32,340 | $ 33 | 32,307 | 0 | 0 | 0
Issuance of 12,000 shares to non-employee (in shares) |  | 12,000 |  |  |  |
Issuance of 348,800 shares to employee | 666,208 | $ 953 | 665,255 | 0 | 0 | 0
Issuance of 348,800 shares to employee (in shares) |  | 348,800 |  |  |  |
Issuance of 349,000 options to employees | 113,771 | $ 0 | 113,771 | 0 | 0 | 0
Issuance of 349,000 options to employees (in shares) |  | 0 |  |  |  |
Stock based Compensation | 243,425 | $ 0 | 243,425 | 0 | 0 | 0
Foreign currency translation gain (loss) | (461,548) | 0 | 0 | 0 | (411,083) | (50,465)
Net income (Loss) | (10,362,335) | 0 | 0 | (10,223,130) | 0 | (139,205)
Balance at Dec. 31, 2015 | $ 7,306,865 | $ 16,918 | $ 19,810,905 | $ (16,377,900) | $ 2,989,116 | $ 867,826
Balance (shares) at Dec. 31, 2015 |  | 6,194,475 |  |  |  |

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