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Trade Accounts and Bills Payable | 6 Months Ended
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Jun. 30, 2018
Trade Accounts and Bills Payable [Text Block] |
11. | Trade Accounts and Bills Payable
Trade accounts and bills payable as of December 31, 2017 and June 30, 2018 consisted of the followings:
|  | December 31, |  |  | June 30, |
|  | 2017 |  |  | 2018 |
Trade accounts payable | $ | 29,805,350 |  | $ | 27,907,368 |
Bills payable |  |  |  |  |  |
- Bank acceptance bills (Note 1) |  | 34,025,080 |  |  | 24,887,205 |
- Commercial acceptance bills |  | 1,786,113 |  |  | 4,237,738 |
| $ | 65,616,543 |  | $ | 57,032,311 |
All the bills payable are of trading nature and will mature within six months to one year from the issue date. The bank acceptance bills were pledged by:
| (i) | the Company’s bank deposits (Note 2);and
| (ii) | $19,047,471 and $5,864,148 of the Company’s bills receivable as of December 31, 2017 and June 30, 2018, respectively (Note 3).

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- Definition The entire disclosure for other liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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