Annual report pursuant to Section 13 and 15(d)

Prepayments and other receivables (Tables)

v3.7.0.1
Prepayments and other receivables (Tables)
12 Months Ended
Dec. 31, 2016
Prepayments [Abstract]  
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]
 
 
 
December 31,
 
December 31,
 
 
 
2016
 
2015
 
 
 
$
 
$
 
Purchase deposits paid
 
 
3,205,852
 
 
3,752,125
 
Value-added tax (“VAT”) prepayment
 
 
1,100,319
 
 
546,358
 
Rental deposit
 
 
266,883
 
 
414,843
 
Prepaid insurance fee
 
 
259,113
 
 
206,424
 
Advances to staff for daily operations
 
 
81,502
 
 
39,886
 
Compensation receivable for land occupation (1)
 
 
455,115
 
 
486,370
 
Other receivables from third parties (2)
 
 
1,508,278
 
 
-
 
Prepaid expense
 
 
477,925
 
 
614,898
 
 
 
 
7,354,987
 
 
6,060,904
 
Less: allowance for doubtful accounts (1)
 
 
455,115
 
 
-
 
 
 
 
6,899,872
 
 
6,060,904
 
 
(1) The Company accrued fully allowance for the long-aging compensation receivable for land occupation.
(2) Other receivables from third parties represent payment of $532,389 due on demand and the receivable of equipment deposit from an equipment supplier of $975,889.