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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
NET REVENUE    
Net revenue $ 38,570 $ 2,247,267
OPERATING INCOME (EXPENSE)    
Cost of net revenue (36,407) (1,241,809)
Sales, marketing and other operating expenses 0 (34,974)
Direct labor and factory overheads incurred during plant shutdown (4,293,022) (5,695,519)
General and administrative expenses (2,105,171) (3,571,945)
Total Costs and Expenses (6,434,600) (10,544,247)
LOSS FROM OPERATIONS (6,396,030) (8,296,980)
OTHER INCOME (EXPENSE)    
Interest expense (38,824) (43,344)
Interest income 135,579 169,478
LOSS BEFORE TAXES (6,299,275) (8,170,846)
INCOME TAX BENEFIT 1,395,137 1,193,746
NET LOSS (4,904,138) (6,977,100)
COMPREHENSIVE INCOME/(LOSS):    
NET LOSS (4,904,138) (6,977,100)
OTHER COMPREHENSIVE INCOME (LOSS)    
Foreign currency translation adjustments 6,166,350 15,948,911
COMPREHENSIVE INCOME $ 1,262,212 $ 8,971,811
LOSS PER SHARE:    
BASIC $ (0.10) $ (0.15)
DILUTED $ (0.10) $ (0.15)
WEIGHTED AVERAGE NUMBER OF SHARES:    
BASIC 46,886,558 46,803,791
DILUTED 46,886,558 46,826,388