CONSTRUCTION IN PROGRESS |
3 Months Ended | |||
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Mar. 31, 2016 | ||||
Construction In Progress [Abstract] | ||||
CONSTRUCTION IN PROGRESS |
In 2008, the Company received approval from the local government to construct a new manufacturing facility for energy-saving products and equipment in Yinzhou District Industrial Park, Tieling City, Liaoning Province, the PRC. Total estimated construction cost of a new manufacturing facility is approximately $24 million. The first phase of construction project was completed and began its operations in December 2012. The cost of construction was transferred to property, plant and equipment and its depreciation expense was recorded in 2013. The second phase of construction project was structurally completed in 2013 and received the approval of fire security by the local authority in March 2014. The cost of construction is expected to be transferred to property, plant and equipment by the end of 2016 upon the granting of a property ownership certificate from the local authority. |