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ADVANCES TO SUPPLIERS - THIRD PARTIES, NET
 12 Months Ended
Dec. 31, 2016
Advance To Suppliers [Abstract]  
Advance To Suppliers [Text Block]
5.
ADVANCES TO SUPPLIERS– THIRD PARTIES, NET
 
Advances to suppliers – third parties from continuing operations consist of the following:
 
 
 
December 31,
 
 
 
2016
 
2015
 
Advances to suppliers - third parties
 
$
238,776
 
$
4,885,455
 
Less: allowance for doubtful accounts
 
 
-
 
 
(4,254,143)
 
Total advances to suppliers - third parties
 
 
238,776
 
 
631,312
 
Less: advances to suppliers - third parties held for discontinued operations
 
 
-
 
 
(40,675)
 
Advances to suppliers - third parties held for continuing operations
 
$
238,776
 
$
590,637
 
 
Movement of allowance for doubtful accounts is as follows:
 
 
 
December 31,
 
 
 
2016
 
2015
 
Beginning balance
 
$
4,254,143
 
$
8,897,750
 
Addition
 
 
31,226
 
 
311,420
 
Less: write-off
 
 
(4,188,225)
 
 
(4,662,795)
 
Exchange rate effect
 
 
(97,144)
 
 
(292,232)
 
Ending balance
 
 
-
 
 
4,254,143
 
Less: balance held for discontinued operations
 
 
-
 
 
(4,157,647)
 
Ending balance held for continuing operations
 
$
-
 
$
96,496
 
 
Advance to supplier – related party from continuing operations consists of the following:
 
 
 
December 31,
 
 
 
2016
 
2015
 
Advance to supplier– related party
 
$
-
 
$
875,044
 
Less: allowance for doubtful accounts
 
 
-
 
 
-
 
Total advance to supplier – related party
 
 
-
 
 
875,044
 
Less: advance to supplier – related party held for discontinued operations
 
 
-
 
 
-
 
Advance to supplier– related party held for continuing operations
 
$
-
 
$
875,044