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Assets held for sale | 6 Months Ended
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Jun. 30, 2014
Assets held for sale [Abstract] |
Assets held for sale | (7) Assets held for sale As of June 30, 2014 and December 31, 2013, assets held for sale in the amount of $4,103,335 and $4,130,590, respectively, represented the three employee dormitory buildings to be sold to a related party company controlled by our Chairman and CEO Mr. Zhenyong Liu. Please refer to Note (10) for the details of the related party transaction. As the sale was not yet completed by the end of June 30, 2014, the dormitories were classified as held for sale in accordance with ASC 360-10-35. It was expected that the sales will be consummated by the second half of year 2014.

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