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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2014
Tax Expense (Benefit) | The tax expense (benefit) comprises:
|  | Years Ended December 31, |
|  | 2013 |  |  | 2014 |
|  | $ |  |  | $ |
Current Tax |  |  | 16,324,841 |  |  |  | 28,018,330 |
Deferred Tax |  |  | (61,549 | ) |  |  | (3,486,826 | )
Total |  |  | 16,263,292 |  |  |  | 24,531,504 |
Reconciliation Between Statutory Tax Rate to Income Before Income Taxes and Actual Provision for Income Taxes | Reconciliation between the statutory tax rate to income before income taxes and the actual provision for income taxes is as follows:
|  | Years Ended December 31, |
|  | 2013 |  |  | 2014 |
PRC income tax rate |  |  | 25.00 | % |  |  | 25.00 | %
Expenses not deductible for tax purposes |  |  | 0.29 | % |  |  | 0.38 | %
Effect of tax-free investment income |  |  | (1.35 | %) |  |  | (0.62 | %)
Effect of uncertain tax positions |  |  | 0.25 | % |  |  | 0.17 | %
Effect of different tax rate of subsidiary operation in other jurisdiction |  |  | (0.60 | %) |  |  | (0.07 | %)
Effect of reversal of deferred tax asset allowance |  |  | (0.78 | %) |  |  | — |
Effect of nondeductible accumulative losses |  |  | — |  |  |  | — |
Effect of others |  |  | 1.07 | % |  |  | 0.29 | %
|  |  | 23.88 | % |  |  | 25.15 | %
Principal Components of Deferred Income Tax Asset and Liabilities | The principal components of the deferred income tax asset and liabilities are as follows:
|  | As of December 31, |
|  | 2013 |  |  | 2014 |
|  | $ |  |  | $ |
Deferred tax assets: |  |  |  |  |  |  |  |
Accrued expenses |  |  | 1,534,183 |  |  |  | 4,409,145 |
Tax loss carry forward |  |  | 619,395 |  |  |  | 904,927 |
Unrealized other income |  |  | 454,370 |  |  |  | 509,152 |
Others |  |  | 544 |  |  |  | 219,705 |
Gross deferred tax assets |  |  | 2,608,492 |  |  |  | 6,042,929 |
Valuation allowance |  |  | — |  |  |  | — |
Net deferred tax assets |  |  | 2,608,492 |  |  |  | 6,042,929 |
Analysis as: |  |  |  |  |  |  |  |
Current |  |  | 1,113,723 |  |  |  | 3,780,440 |
Non-current |  |  | 1,494,769 |  |  |  | 2,262,489 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Unrealized investment income |  |  | 329,660 |  |  |  | 258,386 |
Total deferred tax liabilities |  |  | 329,660 |  |  |  | 258,386 |
Analysis as: |  |  |  |  |  |  |  |
Current |  |  | 329,660 |  |  |  | 258,386 |
Non-current |  |  | — |  |  |  | — |
Movement of Uncertain Tax Positions | The movement of the Group’s uncertain tax positions is summarized as follows:
|  | $ |
Unrecognized tax benefit—December 31, 2011 |  |  | 1,594,597 |
Gross increases—accrued interest in current period |  |  | 169,389 |
Settlements |  |  | — |
Reverse due to lapse of statute of limitation |  |  | (322,378 | )
Exchange rate translation |  |  | 10,289 |
Unrecognized tax benefit—December 31, 2012 |  |  | 1,451,897 |
Gross increases—accrued interest in current period |  |  | 168,926 |
Settlements |  |  | — |
Reverse due to lapse of statute of limitations |  |  | — |
Exchange rate translation |  |  | 29,576 |
Unrecognized tax benefit—December 31, 2013 |  |  | 1,650,399 |
Gross increases—accrued interest in current period |  |  | 168,464 |
Settlements |  |  | — |
Reverse due to lapse of statute of limitations |  |  | — |
Exchange rate translation |  |  | (25,404 | )
Unrecognized tax benefit—December 31, 2014 |  |  | 1,793,459 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
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