NOTES PAYABLES (DETAILS) - USD ($) |
Oct. 19, 2016 |
Sep. 16, 2016 |
Jun. 30, 2016 |
Dec. 31, 2015 |
Nov. 30, 2015 |
|---|---|---|---|---|---|
| NOTES PAYABLES DETAILS | |||||
| Revolving line of credit with a bank (RMB) | $ 30,000,000 | ||||
| Annual interest rate based upon 110% of PRC government's current short term rate of 5.6% | 6.16% | ||||
| Line of credit is payable in two equal installments of RMB 15,000,000 | $ 2,310,000 | $ 2,310,000 | |||
| Outstanding balance due under revolving line of credit (RMB 30,000,000) | $ 4,515,794 | $ 4,621,998 |