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Consolidated Statements of Stockholders' Equity - USD ($) | Total | Common stock | Paid in capital | Shares to be issued | Statutory reserves | Other comprehensive income (loss) | Retained earning | Noncontrolling interest
--- | --- | --- | --- | --- | --- | --- | --- | ---
Balance at Dec. 31, 2014 | $ 207,863,192 | $ 8,302 | $ 111,592,283 | $ 18,750 | $ 11,888,170 | $ 15,987,138 | $ 68,199,797 | $ 256,799
Balance, Shares at Dec. 31, 2014 |  | 8,302,698 |  |  |  |  |  |
Shares issued for IR service |  | $ 8 | 187,493 | (18,750) |  |  |  |
Shares issued for IR service, Shares |  | 7,500 |  |  |  |  |  |
Issuance of stock options | 9,390 |  | 9,390 |  |  |  |  |
Net income for year | 18,397,425 |  |  |  |  |  | 18,397,425 | (29,582)
Transfer to statutory reserves |  |  |  |  | 1,935,619 |  | (1,935,619) |
Foreign currency translation loss | (12,776,823) |  |  |  |  | (12,776,823) |  | (13,606)
Balance at Dec. 31, 2015 | 213,493,182 | $ 8,310 | 111,789,166 |  | 13,823,789 | 3,210,315 | 84,661,602 | 213,611
Balance, Shares at Dec. 31, 2015 |  | 8,310,198 |  |  |  |  |  |
Net income for year | 1,827,171 |  |  |  |  |  | 1,827,171 | (347,136)
Transfer to statutory reserves |  |  |  |  | 650,135 |  | (650,135) |
Foreign currency translation loss | (13,754,741) |  |  |  |  | (13,754,741) |  | 1,094
Balance at Dec. 31, 2016 | $ 201,565,612 | $ 8,310 | $ 111,789,166 |  | $ 14,473,924 | $ (10,544,426) | $ 85,838,638 | $ (132,431)
Balance, Shares at Dec. 31, 2016 |  | 8,310,198 |  |  |  |  |  |

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