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INVENTORIES (Tables) | 12 Months Ended
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Dec. 31, 2016
Inventory Disclosure [Abstract] |
Schedule of Inventory, Current [Table Text Block] | Inventories from the continuing operations consist of the following:
|  | December 31, |
|  | 2016 |  | 2015 |
Inventories |  | $ | 208,759 |  | $ | 4,976,566 |
Less: provision for slow moving inventories |  |  | (71,843) |  |  | (1,001,452) |
Net inventories |  |  | 136,916 |  |  | 3,975,114 |
Less: inventories, net, held for discontinued operations |  |  | - |  |  | - |
Inventories, net, held for continuing operations |  | $ | 136,916 |  | $ | 3,975,114 |
Allowance For Doubtful Inventory [Table Text Block] | Movement of provision for slow moving inventories is as follows:
|  | December 31, |
|  | 2016 |  | 2015 |
Beginning balance |  | $ | 1,001,452 |  | $ | 1,101,188 |
Addition |  |  | 2,450,213 |  |  | 1,934,836 |
Less: write-off |  |  | (3,353,178) |  |  | (1,978,052) |
Exchange rate effect |  |  | (26,644) |  |  | (56,520) |
Ending balance |  |  | 71,843 |  |  | 1,001,452 |
Less: balance held for discontinued operations |  |  | - |  |  | (1,001,452) |
Ending balance held for continuing operations |  | $ | 71,843 |  | $ | - |

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