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SHAREHOLDERS' EQUITY
12 Months Ended
Dec. 31, 2014
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
19. SHAREHOLDERS’ EQUITY
 
Shares Issued for System Purchase
 
On June 28, 2014, Xi’an TCH entered into an Asset Transfer Agreement with Yida described in Note 1, which provided for the sale to Xi’an TCH of a set of 15MW coke oven gas power generation station with completion of station transformation from Yida. As consideration for the coke oven gas power generation station, Xi’an TCH paid Yida RMB 115 million ($18.69 million) in the form of 8,233,779 shares of common stock of the Company at the price of $2.27 per share, which was an agreed-upon price between the seller and the Compnay. The FV of 8,233,779 shares at the trsansaction closing date is $14,491,451 with the stock price of $1.76 on that date.
 
Shares Purchased by Officer
 
On August 27, 2014, the “Company” entered into a Share Purchase Agreement with Mr. Guohua Ku. Pursuant to the Agreement, the Company issued to Mr. Ku, 13,829,074 shares of common stock of the Company on September 5, 2014. The purchase price per share for the Shares shall be the average closing price quoted on the NASDAQ Global Market for the common stock of the Company for 15 trading days prior to the effective date of the Agreement, which was $1.37 per share. The Company received payments in two installments of $12 million and $6.91 million on September 5, 2014 and September 12, 2014 respectively in equivalent of RMB 74.05 million and RMB 42.85 million respectively using the middle exchange rate between USD and RMB published by the People’s Bank of China on the effective date of the agreement pursuant to its terms. These shares were recorded using the FV of $1.49 per share.