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Loans (Tables)
9 Months Ended
Sep. 30, 2017
SCHEDULE OF DEBT [Table Text Block]
 

 

  December 31,     September 30,  
 

 

  2016     2017  
 

Short-term bank borrowings

$ 1,439,947   $   -  
 

Long-term bank borrowings

  18,258,528     19,053,630  
 

 

$ 19,698,475   $ 19,053,630  
SCHEDULE OF FACILITIES SECURED BY THE COMPANY'S ASSETS [Table Text Block]
 

 

  December 31,     September 30,  
 

 

  2016     2017  
 

Pledged deposits (note 2)

$ 3,064,155   $ 692,419  
 

Prepaid land use rights (note 9)

  7,698,523     7,907,143  
 

Buildings

  11,729,172     18,252,861  
 

Machinery and equipment

  2,598,882     2,754,734  
 

Construction in progress

  6,156,488     94,231  
 

 

$ 31,247,220   $ 29,701,388  
SCHEDULE OF ADVANCE FROM RELATED PARTIES [Table Text Block]
 

 

        December 31,     September 30,  
 

 

  Note     2016     2017  
 

Advance from related parties

                 
 

– Tianjin BAK New Energy Research Institute Co., Ltd (“Tianjin New Energy”)

  (a)   $ 9,252,127   $ 10,228,290  
 

– Mr. Xiangqian Li, the Company’s Former CEO

  (b)     100,000     100,000  
 

–Shareholders

  (c)     -     2,103,714  
 

 

        9,352,127     12,432,004  
 

Advances from unrelated third party

                 
 

– Mr. Guozhu Liang

  (d)   $ 14,399     -  
 

– Mr. Wenwu Yu

  (d)     145,410     151,742  
 

– Mr. Mingzhe Li

  (d)     796,850     43,278  
 

– Ms. Longqian Peng

  (d)     215,992     676,193  
 

 

        1,172,651     871,213  
 

 

                 
 

 

      $ 10,524,778   $ 13,303,217