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

6 Months Ended

Jun. 30, 2018

SCHEDULE OF INCOME TAXES [Table Text Block]

		Three months ended June 30,						Six months ended June 30,
		2017			2018			2017			2018
PRC income tax:
Current	$	-		$	- $			-		$	-
Deferred		-			-			-			-
	$	-		$	- $			-		$	-

SCHEDULE OF INCOME TAX RECONCILIATION [Table Text Block]

		Three months ended June 30,						Six months ended June 30,
		2017			2018			2017			2018
Loss before income taxes	$	(3,753,380	)	$	(3,445,688	)	$	(5,821,596	)	$	(6,013,521	)
United States federal corporate income tax rate		35%			21%			35%			21%
Income tax credit computed at United States statutory corporate income tax rate		(1,313,683	)		(723,594	)		(2,037,559	)		(1,262,839	)
Reconciling items:
Rate differential for PRC earnings		344,337			(129,077	)		505,764			(215,856	)
Non-deductible expenses		25,245			30,964			95,768			97,050
Share based payments		83,565			14,969			171,936			32,519
Valuation allowance on deferred tax assets		860,536			806,738			1,264,091			1,349,126
Income tax expenses	$	-		$	-		$	-		$	-

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

		December 31,			June 30,
		2017			2018
Deferred tax assets
Trade accounts receivable	$	1,098,183		$	939,319
Inventories		1,772,444			1,661,809
Property, plant and equipment		781,227			882,078
Provision for product warranty		569,958			566,292
Net operating loss carried forward		25,892,299			27,449,376
Valuation allowance		(30,114,111	)		(31,498,874	)
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, 2018	$	7,537,273		$	-		$	7,537,273
	Decrease in unrecognized tax benefits taken in current period		(128,229	)		-			(128,229	)
	Balance as of June 30, 2018	$	7,409,044		$	-		$	7,409,044

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=84230637&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=84230637&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=84230637&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=84230637&loc=SL6600010-109319

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