Quarterly report pursuant to Section 13 or 15(d)

Subsequent event

v3.7.0.1
Subsequent event
6 Months Ended
Jun. 30, 2017
Subsequent event [Abstract]  
Subsequent Events [Text Block]
16.
Subsequent event
 
Pursuant to the terms of the Equity Transfer Agreement (Note 6), on July 27, 2017, the Company received the Consideration from New Power, and the Company’s equity ownership in Yipeng decreased to 4.654% accordingly. The Company would recognize gain on sales for approximately $1.6 million in connection with the sales of its shares.
 
The Company has evaluated subsequent events through the issuance of the consolidated financial statements and no other subsequent event is identified that would have required adjustment or disclosure in the consolidated financial statements.