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18. SUBSEQUENT EVENTS | 9 Months Ended
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Sep. 30, 2018
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | On October 4, 2018, the Company signed a bromine well reconstruction contract with a total contract amount of approximately $5.9 million to replace damaged wells caused by flooding from a typhoon that hit the Shandong Province of PRC in August 2018. The Company also signed a maintenance contract on October 4, 2018 with a total contract amount of approximately $2.6 million to repair damaged aqueduct, halogen reservoirs, and roads caused by the floods. On October 17, 2018, the Company signed a one-time land compensation agreement of approximately $0.2 million for the construction of wastewater discharge channels of bromine factory Number 10. On October 22, 2018, the Company signed the wastewater drainage and treatment project contract with a total contract amount of approximately $5.1 million. It mainly provides additional wastewater treatment for the Company's factory Number 1, Number 2 and Subdivision of Factory Number 1. On October 31, 2018, the Company signed the wastewater drainage and treatment project contract with a total contract amount of approximately $0.81 million. It mainly provides wastewater treatment for the Company's factory Number 10.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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