Annual report pursuant to Section 13 and 15(d)

INCOME TAXES - Deferred tax assets (Details)

v3.7.0.1
INCOME TAXES - Deferred tax assets (Details) - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Deferred tax assets:    
Total deferred tax assets $ 17,412,196 $ 12,437,741
Total deferred tax liabilities   1,044,997
Less: valuation allowance $ (17,412,196)  
Net deferred tax asset   $ 11,392,744