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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUES        
Revenue $ 4,479,113 $ 5,566,543 $ 15,848,218 $ 18,802,602
Cost of revenue 3,720,447 4,057,480 12,667,104 12,215,756
Inventory obsolescence 436,666 0 1,855,814 0
Gross profit 322,000 1,509,063 1,325,300 6,586,846
Operating expenses:        
Selling expenses 1,155,137 745,976 3,156,553 2,193,823
General and administrative expenses 384,412 422,729 1,315,867 1,229,488
Research and development expenses 405,438 181,796 741,116 2,528,230
Bad debt expense (3,160,862) 3,940,144 6,045,352 15,280,588
Losses from natural disaster 0 2,275,593 0 2,275,593
Total operating expenses (1,215,875) 7,566,238 11,258,888 23,507,722
Subsidy income 1,655,683 65,086 1,655,683 65,086
Loss from operations 3,193,558 (5,992,089) (8,277,905) (16,855,790)
Other income (expense):        
Interest income 36,185 8,824 93,262 47,435
Interest expense (279,113) (325,244) (915,310) (495,054)
Net other expense (242,928) (316,420) (822,048) (447,619)
Loss before income taxes 2,950,630 (6,308,509) (9,099,953) (17,303,409)
Income tax expense (18,906) (19,215) (57,618) (57,758)
Net Income( loss) 2,931,724 (6,327,724) (9,157,571) (17,361,167)
Other comprehensive income (loss) - foreign currency translation adjustment (3,794,761) 33,366 (2,959,348) (927,954)
Comprehensive loss $ (863,037) $ (6,294,358) $ (12,116,919) $ (18,289,121)
Loss per share:        
Basic $ 0.07 $ (0.15) $ (0.21) $ (0.40)
Diluted $ 0.07 $ (0.15) $ (0.21) $ (0.40)