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

9 Months Ended

Sep. 30, 2017

SCHEDULE OF INCOME TAXES [Table Text Block]

			Three months ended September 30,						Nine months ended September 30,
			2016			2017			2016			2017
	PRC income tax:
	Current	$	769,373		$	-		$	769,373		$	-
	Deferred		(111,568	)		-			(168,860	)		-
		$	657,805		$	-		$	600,513		$	-

SCHEDULE OF INCOME TAX RECONCILIATION [Table Text Block]

			Three months ended September30,						Nine months ended September30,
			2016			2017			2016			2017
	Loss before income taxes	$	(5,289,917	)	$	(4,202,753	)	$	(9,919,008	)	$	(10,024,349	)
	United States federal corporate income tax rate		35%			35%			35%			35%
	Income tax credit computed at United States statutory corporate income tax rate		(1,851,472	)		(1,470,963	)		(3,471,653	)		(3,508,522	)
	Reconciling items:
	Rate differential for PRC earnings		486,224			391,875			852,047			897,639
	Non-deductible expenses		5,685			48,901			111,212			144,669
	Share based payments		136,722			50,500			381,057			222,436
	ASC 740-10 uncertain tax position		769,373			-			769,373			-
	Valuation allowance on deferred tax assets		1,213,025			979,687			2,039,655			2,243,778
	Over provision of deferred taxation in prior year		(96,793	)		-			(96,793	)		-
	Others		(4,959	)		-			15,615			-
	Income tax expenses	$	657,805		$	-		$	600,513		$	-

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

			December 31,			September 30,
			2016			2017
	Deferred tax assets
	Trade accounts receivable	$	748,949		$	978,942
	Inventories		254,852			613,512
	Property, plant and equipment		373,287			389,542
	Provision for product warranty		51,351			334,909
	Net operating loss carried forward		38,055,264			39,303,013
	Valuation allowance		(39,483,703	)		(41,619,918	)
	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		(321,598	)		-			(321,598	)
	Balance as of September 30, 2017	$	6,739,542		$	-		$	6,739,542

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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- 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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- 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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- 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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