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PROPERTY AND EQUIPMENT, NET | 12 Months Ended
--- | ---
Dec. 31, 2015
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment Disclosure [Text Block] |
8. | PROPERTY AND EQUIPMENT, NET
Property and equipment from continuing operations consist of the following:
|  | December 31, |
|  | 2015 |  | 2014 |
|  | US$ |  | US$ |
|  |  |  |  | (Restated) |
Buildings |  |  | 1,311,422 |  |  | 1,384,609 |
Land use rights |  |  | 299,570 |  |  | 316,289 |
Plant and machinery |  |  | 2,936,103 |  |  | 5,114,148 |
Automobiles |  |  | 147,720 |  |  | 193,930 |
Office and computer equipment |  |  | 238,647 |  |  | 447,619 |
Total property and equipment |  |  | 4,933,462 |  |  | 7,456,595 |
Less: Accumulated depreciation and amortization |  |  | (1,633,408) |  |  | (2,782,929) |
Impairment of long-lived assets |  |  | (1,050,869) |  |  | (1,977,848) |
Property and equipment, net |  |  | 2,249,185 |  |  | 2,695,818 |
Less: property and equipment, net, held for discontinued operations |  |  | - |  |  | (1,651) |
Property and equipment, net, held for continuing operations |  |  | 2,249,185 |  |  | 2,694,167 |
At December 31, 2015 and 2014, BTL’s building was pledged to a bank as collateral for the Company’s short-term borrowings of RMB 10,000,000 ($1,541,000) and RMB 15,000,000 ($ 2,440,500 ), respectively (see Note 9). Depreciation and amortization expense from the continuing operations were $306,386, $165,532 and $116,017 for the years ended December 31, 2015, 2014 and 2013, respectively. Depreciation and amortization expense from the discontinuing operations were $0, $329,068 and $360,020 for the years ended December 31, 2015, 2014 and 2013, respectively. Impairment loss from the discontinuing operations was $0 and $1,978,711 for the years ended December 31, 2015 and 2014, respectively. Land Use Rights There is no private ownership of land in China. Land is owned by the government and the government grants land use rights for specified terms. The value of the Company’s land use rights is reported at the purchase price of RMB 1,944,000 in 2002.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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