Annual report pursuant to Section 13 and 15(d)

Restricted cash

v3.7.0.1
Restricted cash
12 Months Ended
Dec. 31, 2016
Restricted cash [Abstract]  
Cash and Cash Equivalents Disclosure [Text Block]
3.
Restricted cash
 
 
 
December 31,
 
December 31,
 
 
 
2016
 
2015
 
 
 
$
 
$
 
Securities for bank acceptance bill
 
 
10,541,105
 
 
11,392,231
 
Time deposits
 
 
151,083
 
 
263,973
 
Government subsidy deposit
 
 
521,452
 
 
-
 
 
 
 
11,213,640
 
 
11,656,204
 
 
As of December 31, 2016, cash of $10.5 million is restricted by five banks for bank acceptance bill; cash of $0.2 million is restricted by Bank of China for short-term bank loan; cash of $0.5 million is restricted under supervision by the Government due to government subsidy granted.
 
As of December 31, 2015, cash of $11.4 million is restricted by six banks for line of credit; cash of $0.3 million is the time deposit with maturity of more than three months.