SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of assets and liabilities measured at fair value on a recurring basis

All assets and liabilities measured at fair value on a recurring basis as of December 31, 2012 are summarized below:

 

 

 

Quoted price in
active market for
identical assets
(Level 1)

 

Significant
other
observable
inputs
(Level 2)

 

Significant
unobservable
inputs
(Level 3)

 

 

 

US$

 

US$

 

US$

 

Money market funds in cash equivalent

 

8

 

 

 

Warrant liabilities (Note 17)

 

 

 

839

 

 

 

8

 

 

839

 

 

Schedule of reconciliation of warrant liabilities measured at fair value on a recurring basis using significant unobservable inputs

 

 

 

 

Warrant
liabilities

 

 

 

US$

 

Balance as of December 31, 2011

 

440

 

Realized or unrealized losses

 

399

 

Balance as of December 31, 2012

 

839

 

Realized or unrealized gain

 

(839

)

Balance as of December 31, 2013

 

 

 

Summary of assets and liabilities measured at fair value on a nonrecurring basis

 

 

 

 

Carrying value
at December 31, 2013

 

Quoted price in
active market for
identical assets
(Level 1)

 

Significant
other
observable
inputs
(Level 2)

 

Significant
unobservable
inputs
(Level 3)

 

Total loss

 

 

 

US$

 

US$

 

US$

 

US$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment

 

4,098

 

 

 

 

(4,098

)

 

Schedule of estimated useful lives of property, plant and equipment

 

 

Dams and reservoirs

 

30-49 years

 

Buildings

 

8-50 years

 

Machinery

 

1-30 years

 

Transportation equipment

 

1-11 years

 

Electronic equipment and others

 

1-15 years

 

 

Schedule of estimated useful life for the intangible assets

The estimated useful lives for the intangible assets as of December 31, 2013 were as follows:

 

Development right of Binglangjiang Phase II

 

30 years

 

Dam use right of Dongguan

 

40 years

 

Software

 

5 years