Annual report pursuant to Section 13 and 15(d)

Defined contribution plan

v3.7.0.1
Defined contribution plan
12 Months Ended
Dec. 31, 2016
Defined contribution plan [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]
21.
Defined contribution plan
 
Full-time employees of the Company in the PRC participate in a government mandated defined contribution plan, pursuant to which certain pension benefits, medical care, employee housing fund and other welfare benefits (“the Benefits”) are provided to employees. Chinese labor regulations require that the PRC operating subsidiaries of the Company make contributions to the government for these benefits based on certain percentages of the employees’ salaries. Except for contributions made related to the Benefits, the Company has no legal obligation.
 
The total contributions made, which were expensed as incurred, were $1,614,299 and $1,868,879 for the years ended December 31, 2016 and 2015, respectively.