XML 83 R38.htm IDEA: XBRL DOCUMENT v2.4.1.9

14. INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of components of the provision for income taxes

		Three-Month Period Ended March 31,
			2015				2014
Current taxes – PRC		$	1,952,947			$	1,369,069
Deferred taxes – PRC			(81,459	)			-
		$	1,871,488			$	1,369,069

Schedule of income tax expenses reconciliation

												Three-Month Period Ended March 31,
Reconciliations												2015					2014
Statutory income tax rate													25	%				25	%
US federal net operating loss													1	%				-
Non-taxable item													-					(1	%)
Effective tax rate													26	%				24	%

Schedule of deferred tax assets and liabilities

		March 31,				December 31,
		2015				2014
Deferred tax liabilities		$	-			$	-
Deferred tax assets:
Allowance for obsolete and slow-moving inventories		$	861			$	864
Impairment on property, plant and equipment			475,616				477,427
Exploration costs			2,026,986				1,952,990
Compensation costs of unexercised stock options			539,754				1,427,296
US federal net operating loss			9,816,518				9,692,379
Total deferred tax assets			12,859,735				13,550,956
Valuation allowance			(10,356,273	)			(11,119,675	)
Net deferred tax asset		$	2,503,462			$	2,431,281
Current deferred tax asset		$	861			$	864
Long-term deferred tax asset		$	2,502,601			$	2,430,417

X

- Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

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=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

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=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration