Annual report pursuant to Section 13 and 15(d)

Condensed Parent Company Financial Information (Details 1)

v3.8.0.1
Condensed Parent Company Financial Information (Details 1) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue $ 16,390 $ 5,463 $ 35,696 $ 5,661 $ 13,153 $ 1,169 $ 2,104 $ 4,115 $ 63,209,687 $ 20,540,769 $ 60,700,190
Cost of revenue                 41,126,898 29,328,776 63,476,627
Operating expenses:                      
General and administrative                 9,579,404 3,969,465 2,933,588
Total operating expenses                 (11,171,417) 4,646,511 (26,776,589)
Loss from operations                 33,254,206 (13,434,518) 24,000,152
Other (expense) income                 (734,075) (1,241,809) (4,441,750)
Net income (loss) 5,337 6,529 9,811 10,843 9,223 (13,899) (4,522) (5,479) 32,520,131 (14,677,311) 19,558,402
Less: net income (loss) attributable to the non-controlling interest                 2,860,438 (959,688) 1,205,485
Net income (loss) attributable to owners of the company $ 4,830 $ 5,953 $ 8,957 $ 9,920 $ 8,430 $ (12,823) $ (4,225) $ (5,100) 29,659,693 (13,717,623) 18,352,917
Parent [Member]                      
Revenue                
Cost of revenue                
Operating expenses:                      
General and administrative                 (3,147,934) (2,456,219) (2,074,964)
Total operating expenses                 (3,147,934) (2,456,219) (2,074,964)
Loss from operations                 (3,147,934) (2,456,219) (2,074,964)
Other (expense) income                 (1,235) (542) (593)
Loss attributable to parent only                 (3,149,169) (2,456,761) (2,075,557)
Equity in income (loss) of subsidiaries and VIEs                 35,669,300 (12,220,550) 21,633,959
Net income (loss)                 32,520,131 (14,677,311) 19,558,402
Less: net income (loss) attributable to the non-controlling interest                 2,860,438 (959,688) 1,205,485
Net income (loss) attributable to owners of the company                 $ 29,659,693 $ (13,717,623) $ 18,352,917