CONDENSED PARENT COMPANY FINANCIAL INFORMATION (Details 2) (USD $)
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6 Months Ended | ||||
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Jun. 30, 2013
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Jun. 30, 2012
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Net cash used in operating activities | $ 58,354,125 | $ 49,479,366 | [1] | ||
Net cash used in investing activities | (215,419,980) | (43,230,542) | [1] | ||
Net cash provided by financing activities | 766,331 | 39,457,690 | [1] | ||
Cash at the beginning of the period | 165,062,575 | ||||
Cash at the end of the period | 20,196,391 | ||||
Parent [Member]
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Net cash used in operating activities | (562,137) | 0 | |||
Net cash used in investing activities | (3,501,355) | 0 | |||
Net cash provided by financing activities | 498,137 | 0 | |||
Net decrease in cash | (3,565,355) | 0 | |||
Cash at the beginning of the period | 3,565,355 | 0 | |||
Cash at the end of the period | $ 0 | $ 0 | |||
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X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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