Annual report pursuant to Section 13 and 15(d)

Prepayments and other receivables (Details)

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Prepayments and other receivables (Details) - USD ($)
Dec. 31, 2016
Dec. 31, 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 0
Prepaid expense 477,925 614,898
Prepaid Expense and Other Receivables, Gross, Current 7,354,987 6,060,904
Less: allowance for doubtful accounts [1] 455,115 0
Prepaid Expense and Other Assets, Current $ 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.