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PROPERTY AND EQUIPMENT, NET (Tables)

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

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

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- References

No definition available.

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ 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)
-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 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 13
-Subparagraph b
-Article 5

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