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19. SUBSEQUENT EVENTS | 9 Months Ended
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Sep. 30, 2017
Subsequent Events [Abstract] |
19. SUBSEQUENT EVENTS | On September 1, 2017 the Company announced it received notification from the government of Yangkou County, Shouguang City that production at its factories had to be halted in order for the Company to perform rectification and improvement in accordance with the country's new safety, environmental protection requirements. On October 27, 2017, the Company and the government agreed on a plan for SCHC which the Company believes will cost approximately US$35 million to undertake and complete all the rectification steps. The Company believes that the rectification for all of the bromine business will be completed and that operations will recommence by the end of March 2018. However, the Company will try its best to implement the measures quickly to commence production for part of its bromine factories before this date. As of the date of filing of this report, the Company is in discussion with the government to arrive at a rectification plan for its chemical business.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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