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STATUTORY RESERVES (Tables)
 12 Months Ended
Dec. 31, 2014
StatutoryReservesAbstract [Abstract]  
STATUTORY RESERVES
The maximum statutory reserve amount has not been reached for any subsidiary. The table below discloses the statutory reserve amount in the currency type registered for each Chinese subsidiary as of December 31, 2014.
 
Name of Chinese
 
 
 
Maximum Statutory
 
Statutory reserve at December
 
Subsidiaries
 
Registered Capital
 
Reserve Amount
 
31, 2014
 
 
 
 
 
 
 
 
 
 
Shanghai TCH
 
$
29,800,000
 
$
14,900,000
 
 
¥  6,564,303     ($959,387)
 
 
 
 
 
 
 
 
 
 
 
 
Xi’an TCH
 
¥
202,000,000
 
¥
101,000,000
 
 
¥ 55,971,758  ($8,541,109)
 
 
 
 
 
 
 
 
 
 
 
 
Erdos TCH
 
¥
120,000,000
 
¥
60,000,000
 
 
¥ 15,680,561  ($2,387,674)
 
 
 
 
 
 
 
 
 
 
 
 
Xi’an Zhonghong
 
¥
30,000,000
 
¥
15,000,000
 
 
Did not accrue yet due to accumulated deficit
 
 
 
 
 
 
 
 
 
 
 
Shaanxi Huahong
 
$
2,500,300
 
$
1,250,150
 
 
Did not accrue yet due to accumulated deficit