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INVENTORIES (Tables)
 12 Months Ended
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
 
$
-