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LOANS PAYABLE (Tables)
3 Months Ended
Mar. 31, 2014
Future Minimum Payment to be made by Years
As of March 31, 2014, the future minimum payment to be made by years was as follows:
 
2014
 
$
1,265,421
 
2015
 
 
1,687,228
 
2016
 
 
843,613
 
 
 
 
 
 
Total
 
 
3,796,262
 
Unamortized interest
 
 
(350,702)
 
Total long term payable
 
 
3,445,560
 
Current portion
 
 
1,456,452
 
Noncurrent portion
 
$
1,989,108
 
Bank Loans and Entrusted Loan [Member]
 
Future Minimum Payment to be made by Years
As of March 31, 2014, the future minimum repayment of all the loans including entrusted loan to be made by years was as follows:
 
2015
 
 
10,971,864
 
2016
 
 
15,820,615
 
2017
 
 
58,488,971
 
2018
 
 
29,492,368
 
2019
 
 
325,092
 
Total
 
$
115,098,910