XML 48 R8.htm IDEA: XBRL DOCUMENT v3.3.0.814
Restricted Cash
9 Months Ended
Sep. 30, 2015
Restricted Cash [Abstract]  
Restricted Cash

(3) Restricted Cash

 

Restricted cash of $3,144,011 as of September 30, 2015 was presented for the cash deposited at the Commercial Bank of the City of Zhangjiakou for purpose of securing the bank acceptance notes from the bank (see Note (10)). The restriction will be lifted upon the maturity of the note payable on various dates starting from January 7 to 20, 2016.

 

Restricted cash of $8,873,999 as of December 31, 2014 was presented for the cash deposited at the Bank of Hebei, SPD Bank and the Commercial Bank of the City of Zhangjiakou for purpose of securing the bank acceptance notes from these banks (see Note (10)). The restriction was lifted upon the maturity of the notes payable from January 7, 2015 through April 23, 2015.