ADVANCES TO SUPPLIERS - THIRD PARTIES, NET (Tables)

12 Months Ended

Dec. 31, 2015

Advance to suppliers – third parties from continuing operations consist of the following:

	December 31,
	2015		2014
	US$		US$
			(Restated)
Advances to suppliers - third parties		4,885,455		10,739,923
Less: allowance for doubtful accounts		(4,254,143)		(8,897,750)
Total advances to suppliers - third parties		631,312		1,842,173
Less: advances to suppliers - third parties held for discontinued operations		(33,217)		(238,607)
Advances to suppliers - third party held for continuing operations		598,095		1,603,566

Movement of allowance for doubtful accounts is as follows:

	December 31,
	2015		2014
		US$	US$
			(Restated)
Beginning balance		8,897,750		-
Addition		311,420		8,901,490
Less: write-off		(4,662,795)		-
Exchange rate effect		(292,232)		(3,740)
Ending balance		4,254,143		8,897,750
Less: balance held for discontinued operations		(4,157,647)		(8,571,652)
Ending balance held for continuing operations		96,496		326,098

Advance to supplier – related party from continuing operations consists of the following:

	December 31,
	2015		2014
	US$		US$
Advance to supplier - related party		875,044		1,498,627
Less: allowance for doubtful accounts		-		-
Total advance to supplier - related party		875,044		1,498,627
Less: advance to supplier - related party held for discontinued operations		-		-
Advance to supplier - related party held for continuing operations		875,044		1,498,627