Annual report pursuant to Section 13 and 15(d)

Condensed Parent Company Financial Information (Details 1)

v3.3.1.900
Condensed Parent Company Financial Information (Details 1) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Condensed Income Statements, Captions [Line Items]                      
Revenue $ 13,972,000 $ 2,741,000 $ 15,254,000 $ 28,733,000 $ 56,518,000 $ 54,417,000 $ 56,909,000 $ 65,583,000 $ 60,700,190 $ 233,427,011 $ 122,667,769
Cost of revenue                 63,476,627 155,840,823 74,983,290
Operating expenses:                      
General and administrative                 2,933,588 4,537,351 3,191,637
Total operating expenses                 4,792,275 7,210,564 4,809,915
Loss from operations                 (7,568,712) 70,375,624 42,874,564
Other (expense) income                 27,127,114 15,385,081 4,261,230
Net income (9,792,000) 22,518,000 (1,584,000) 8,416,000 33,335,000 14,195,000 14,842,000 23,389,000 19,558,402 $ 85,760,705 $ 99,046,456
Less: net income attributable to the non-controlling interest                 1,205,485
Net income attributable to owners of the company $ (9,072,000) $ 20,684,000 $ (1,482,000) $ 8,223,000 $ 33,335,000 $ 14,195,000 $ 14,842,000 $ 23,389,000 $ 18,352,917 $ 85,760,705 $ 99,046,456
Parent [Member]                      
Condensed Income Statements, Captions [Line Items]                      
Revenue                
Cost of revenue                
Operating expenses:                      
General and administrative                 $ (2,074,964) $ (1,899,368) $ (2,225,543)
Total operating expenses                 (2,074,964) (1,899,368) (2,225,543)
Loss from operations                 (2,074,964) (1,899,368) (2,225,543)
Other (expense) income                 (593) 82,855 117
Loss attributable to parent only                 (2,075,557) (1,816,513) (2,225,426)
Equity in earnings of subsidiaries and VIEs                 21,633,959 87,577,218 101,271,882
Net income                 19,558,402 $ 85,760,705 $ 99,046,456
Less: net income attributable to the non-controlling interest                 1,205,485
Net income attributable to owners of the company                 $ 18,352,917 $ 85,760,705 $ 99,046,456