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Income Taxes, Deferred Tax Assets and Deferred Tax Liabilities (Tables)

3 Months Ended

Mar. 31, 2017

SCHEDULE OF INCOME TAXES [Table Text Block]

			Three months ended March 31,
			2016			2017
	PRC income tax:
	Current	$	-		$	-
	Deferred		(57,241	)		-
		$	(57,241	)	$	-

SCHEDULE OF INCOME TAX RECONCILIATION [Table Text Block]

			Three months ended March 31,
			2016			2017
	Loss before income taxes	$	(1,960,399	)	$	(2,068,216	)
	United States federal corporate income tax rate		35%			35%
	Income tax credit computed at United States statutory corporate income tax rate		(686,139	)		(723,876	)
	Reconciling items:
	Rate differential for PRC earnings		146,434			161,427
	Non-deductible expenses		66,495			70,523
	Share-based payments		112,475			88,371
	Valuation allowance on deferred tax assets		336,907			403,555
	Others		(33,413	)		-
	Income tax credit	$	(57,241	)	$	-

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES [Table Text Block]

			December 31,			March 31,
			2016			2017
	Deferred tax assets
	Trade accounts receivable	$	692,736		$	700,624
	Inventories		254,852			294,462
	Property, plant and equipment		373,287			376,322
	Net operating loss carried forward		38,055,264			38,408,287
	Valuation allowance		(39,376,139	)		(39,779,695	)
	Deferred tax assets, non-current	$	-		$	-
	Deferred tax liabilities, non-current	$	-		$	-

Schedule of Unrecognized Tax Benefits [Table Text Block]

			Gross UTB			Surcharge			Net UTB
	Balance as of January 1, 2017	$	7,061,140		$	-		$	7,061,140
	Decrease in unrecognized tax benefits taken in current period		(550,335	)		-			(550,335	)
	Balance as of March 31, 2017	$	6,510,805		$	-		$	6,510,805

X

- 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=65882285&loc=d3e32639-109319

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X

- 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=65882285&loc=d3e32537-109319

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X

- 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=65882285&loc=d3e32687-109319

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X

- Definition

Tabular disclosure of the change in unrecognized tax benefits, excluding amounts pertaining to examined tax returns.

+ References

Reference 1: 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=65882285&loc=SL6600010-109319

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