SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2016

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 19 – SUBSEQUENT EVENTS

From January 1, 2017 to May 31, 2017, the Company repaid approximately $5.3 million bank loans and $10.7 million notes payable that become due. The Company also borrowed approximately $10 million bank loans, including $5.3 million short-term loans and $3.5 million long-term loans, as well as approximately $4.0 million notes payable from various banks in China. The loans and notes payable are guaranteed by the Company’s shareholders and related parties.