Prepayments and Other Receivables

3 Months Ended

Mar. 31, 2018

Prepayments and Other Receivables [Text Block]

5. Prepayments and Other Receivables

Prepayments and other receivables as of December 31, 2017 and March 31, 2018 consisted of the following:

		December 31,			March 31,
		2017			2018
Value added tax recoverable	$	5,963,506		$	6,464,622
Prepayments to suppliers		706,488			358,827
Deposits		25,922			4,955
Staff advances		59,942			134,012
Prepaid operating expenses		185,690			141,800
Others		37,262			60,390
		6,978,810			7,164,606
Less: Allowance for doubtful accounts		(7,000	)		(7,000	)
	$	6,971,810		$	7,157,606