RECONCILIATION OF INCOME TAXES CALCULATED AT STATUTORY RATES (DETAILS) - USD ($) |
12 Months Ended | |
|---|---|---|
Dec. 31, 2016 |
Dec. 31, 2015 |
|
| Reconciliation of income taxes calculated at the federal statutory rates: | ||
| (Benefit) tax at statutory rate of 25% | $ (2,218,612) | $ (3,832,536) |
| Effect of tax holiday | 837,089 | 1,478,831 |
| Effect of change in tax rate from 15% to 25% | (8,094,456) | |
| Other, primarily the difference in U.S. tax rates | 7,903 | 4,136 |
| Change in valuation allowance | 9,776,251 | 2,410,008 |
| Income tax expense; | $ 308,175 | $ 60,439 |