Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

v3.7.0.1
COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]
The total future minimum lease payments under the non-cancellable operating lease with respect to the office and the dormitory as of June 30, 2017 are payable as follows: 
 
Six months ending December 31, 2017
 
$
466,764
 
 
 
 
 
 
Year ending December 31, 2018
 
 
660,002
 
 
 
 
 
 
Year ending December 31, 2019
 
 
161,672
 
 
 
 
 
 
Year ending December 31, 2020
 
 
14,751
 
 
 
 
 
 
Year ending December 31, 2021
 
 
14,751
 
 
 
 
 
 
Year ending December 31, 2022 and thereafter
 
 
52,242
 
 
 
 
 
 
Total
 
$
1,370,182