Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS - Future amortization of intangible assets (Details)

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INTANGIBLE ASSETS - Future amortization of intangible assets (Details) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
INTANGIBLE ASSETS    
Amortization expense $ 705,958 $ 2,025,899
Future amortization of intangible assets, net of foreign currency translation adjustments    
2017 1,629,337  
2018 1,893,164  
2019 1,809,705  
2020 1,500,241  
2021 1,331,822  
2022 and thereafter 3,518,901  
Total $ 11,683,170