China Housing & Land Development 10-Q 14 Nov 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 13, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'
Entity Registrant Name	'China Housing & Land Development, Inc.	'
Entity Central Index Key	'0001303330	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	34,800,558

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
ASSETS	'	'
Cash	$7,013,787	$21,320,071
Cash - restricted	113,112,130	117,534,900
Short-term investment	22,070,271	'
Accounts receivable, net of allowance for doubtful accounts of $586,219 and $594,382, respectively	36,231,894	41,158,998
Construction in excess of billing	2,078,037	2,106,975
Other receivables, prepaid expenses and other assets	10,828,324	7,188,153
Real estate held for development or sale	368,088,188	289,474,812
Property and equipment, net	42,495,001	36,281,168
Advance to suppliers	1,929,343	697,823
Deposits on land use rights	16,454,057	59,155,165
Intangible assets, net	24,208,737	42,453,473
Goodwill	1,942,908	1,969,964
Deferred financing costs	545,853	151,585
Total assets	646,998,530	619,493,087
LIABILITIES	'	'
Accounts payable	60,086,286	59,400,262
Advances from customers	46,467,941	45,441,402
Accrued expenses	14,831,813	17,439,541
Income taxes payable	23,945,300	24,534,095
Other taxes payable	10,727,679	7,139,870
Other payables	14,115,147	12,755,824
Loans from employees	29,780,976	25,759,453
Loans payable	303,233,847	274,917,332
Deferred tax liability	14,568,710	14,782,118
Total liabilities	517,757,699	482,169,897
SHAREHOLDERS' EQUITY	'	'
Common stock: $.001 par value, authorized 100,000,000 shares Issued 34,800,558 and 35,849,204, respectively	34,800	35,849
Additional paid in capital	52,483,510	51,347,620
Treasury stock at cost Nil shares and 1,166,369 shares, respectively	'	-2,400,288
Statutory reserves	11,535,242	11,535,242
Retained earnings	40,295,103	48,696,878
Accumulated other comprehensive income	24,892,176	28,107,889
Total shareholders' equity	129,240,831	137,323,190
Total liabilities and shareholders' equity	$646,998,530	$619,493,087

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Condensed Consolidated Balance Sheets [Abstract]	'	'
Accounts receivable, allowance for doubtful accounts	$586,219	$594,382
Common stock, par value	$0.00	$0.00
Common stock, authorized	100,000,000	100,000,000
Common stock, issued	34,800,558	35,849,204
Treasury stock, shares	'	1,166,369

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (Loss) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REVENUES	'	'	'	'
Real estate sales	$22,816,765	$21,042,396	$79,436,412	$112,091,843
Other income	4,893,589	3,788,434	14,383,616	21,884,031
Total revenues	27,710,354	24,830,830	93,820,028	133,975,874
COST OF SALES	'	'	'	'
Cost of real estate sales	18,632,301	17,480,961	74,840,421	86,517,123
Cost of other revenue	3,290,397	2,423,455	8,692,392	16,192,275
Total cost of revenues	21,922,698	19,904,416	83,532,813	102,709,398
Gross margin	5,787,656	4,926,414	10,287,215	31,266,476
OPERATING EXPENSES	'	'	'	'
Selling, general, and administrative expenses	3,936,507	3,784,742	11,802,817	11,844,682
Stock-based compensation	'	135,792	1,136,304	1,240,065
Other expenses (income)	6,460	-91,766	20,480	358,783
Financing expense	1,342,370	1,762,724	3,676,752	6,016,604
Total operating expenses	5,285,337	5,591,492	16,636,353	19,460,134
Operating Income (loss)	502,319	-665,078	-6,349,138	11,806,342
Gain on extinguishment of loan	-2,071,672	'	-2,071,672	'
Income (loss) before provision for income taxes	2,573,991	-665,078	-4,841,176	11,806,342
Provision for current taxes	414,147	185,950	559,605	4,044,863
Recovery of deferred taxes	-11,270	-11,341	-33,802	-125,989
Provision for income taxes	402,877	174,609	525,803	3,918,874
NET INCOME (LOSS)	2,171,114	-839,687	-5,366,979	7,887,468
WEIGHTED AVERAGE SHARES OUTSTANDING	'	'	'	'
Basic	34,477,458	35,497,724	34,532,629	35,277,047
Diluted	34,477,458	35,497,724	34,532,629	35,277,047
NET INCOME (LOSS) PER SHARE	'	'	'	'
Basic	$0.06	($0.02)	($0.16)	$0.22
Diluted	$0.06	($0.02)	($0.16)	$0.22
Loss from disposal of property and equipment	'	'	$563,710	'

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Condensed Consolidated Statements of Comprehensive Income (Loss)	'	'	'	'
NET INCOME (LOSS)	$2,171,114	($839,687)	($5,366,979)	$7,887,468
OTHER COMPREHENSIVE INCOME (LOSS)	'	'	'	'
Gain (loss) in foreign exchange	2,782,552	656,539	-3,215,708	4,076,140
COMPREHENSIVE INCOME (LOSS)	$4,953,666	($183,148)	($8,582,687)	$11,963,608

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net (loss) income for the period	($5,366,979)	$7,887,468
Adjustments to reconcile net (loss) income to cash provided by (used in) operating activities:	'	'
Depreciation	1,836,084	1,940,103
Stock-based compensation	1,136,304	1,240,065
Loss on disposal of property and equipment	563,710	'
Amortization of deferred financing costs	'	55,326
Amortization of intangible assets	17,944,433	167,609
Recovery of deferred taxes	-33,802	-125,989
Gain on extinguishment of loan	-2,071,672	'
(Increase) decrease in assets:	'	'
Accounts receivable	4,313,651	-10,322,423
Construction in excess of billing	'	559,202
Other receivable and prepaid expense	-4,783,591	-1,937,372
Real estate held for development or sale	-82,750,198	-3,011,051
Advances to suppliers	-1,238,311	597,004
Deposit on land use right	41,899,123	'
Deferred finance costs	416,109	'
Increase (decrease) in liabilities:	'	'
Accounts payable	1,160,426	-10,956,225
Advances from customers	3,842,693	5,986,114
Accrued expense and interests	-2,387,985	-8,669,217
Other payables	1,544,722	602,031
Income and other taxes payable	3,537,296	6,345,305
Net cash used in operating activities	-20,437,987	-9,642,050
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Purchase of property and equipment	-9,006,050	-3,982,755
Proceeds from sale of property and equipment	4,615	'
Proceeds from sale of short term investment	21,537,169	'
Purchase of short term investment	-43,607,440	'
Net cash used in investing activities	-31,071,706	-3,982,755
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Change in restricted cash	2,826,336	-4,036,463
Loans from banks	49,943,480	98,841,999
Loans from Days Hotel and Dinghui	10,979,808	42,985,007
Payments on loans payable	-29,930,693	-40,142,194
Loans (repayment to) or from employees, net	4,404,795	-5,524,219
Purchase of treasury stock	-634,648	'
Net cash provided by financing activities	37,589,078	92,124,130
DECREASE (INCREASE) IN CASH	-13,920,615	78,499,325
Effects on foreign currency exchange	-385,669	1,100,396
CASH, beginning of period	21,320,071	6,121,448
CASH, end of period	$7,013,787	$85,721,169

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Shareholders' Equity (USD $)	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid in Capital [Member]	Statutory Reserves [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]
Balance at Dec. 31, 2013	$137,323,190	$35,849	($2,400,288)	$51,347,620	$11,535,242	$48,696,878	$28,107,889
Balance, shares at Dec. 31, 2013	'	35,849,204	'	'	'	'	'
Stock-based compensation	132,840	'	'	132,840	'	'	'
Repurchase of common stock	-318,589	'	-318,589	'	'	'	'
Treasury stock cancelled	'	-967	2,399,962	'	'	-2,398,995	'
Treasury stock cancelled, shares	'	-966,666	'	'	'	'	'
Net income (loss) for the period	-774,053	'	'	'	'	-774,053	'
Foreign currency translation adjustment	-6,511,663	'	'	'	'	'	-6,511,663
Balance at Mar. 31, 2014	129,851,725	34,882	-318,915	51,480,460	11,535,242	45,523,830	21,596,226
Balance, shares at Mar. 31, 2014	'	34,882,538	'	'	'	'	'
Stock-based compensation	109,224	'	'	109,224	'	'	'
Common stock issued for stock-based compensation	894,240	414	'	893,826	'	'	'
Common stock issued for stock-based compensation, shares	'	414,000	'	'	'	'	'
Repurchase of common stock	-317,381	'	-317,381	'	'	'	'
Treasury stock cancelled	'	-448	520,536	'	'	-520,088	'
Treasury stock cancelled, shares	'	-448,380	'	'	'	'	'
Net income (loss) for the period	-6,764,041	'	'	'	'	-6,764,041	'
Foreign currency translation adjustment	513,398	'	'	'	'	'	513,398
Balance at Jun. 30, 2014	124,287,165	34,848	-115,760	52,483,510	11,535,242	38,239,701	22,109,624
Balance, shares at Jun. 30, 2014	'	34,848,158	'	'	'	'	'
Treasury stock cancelled	'	-48	115,760	'	'	-115,712	'
Treasury stock cancelled, shares	'	-47,600	'	'	'	'	'
Net income (loss) for the period	2,171,114	'	'	'	'	2,171,114	'
Foreign currency translation adjustment	2,782,552	'	'	'	'	'	2,782,552
Balance at Sep. 30, 2014	$129,240,831	$34,800	'	$52,483,510	$11,535,242	$40,295,103	$24,892,176
Balance, shares at Sep. 30, 2014	'	34,800,558	'	'	'	'	'

Business_Organization_and_Basi

Business, Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2014
Business, Organization and Basis of Presentation [Abstract]	'
Business, Organization and Basis of Presentation	'
	Note 1 – Business, Organization and Basis of Presentation
	China Housing & Land Development, Inc. (“CHLN”) is a Nevada corporation, originally incorporated on July 6, 2004 under the name Pacific Northwest Productions Inc. (“Pacific”). CHLN and its subsidiaries (“the “Company”) are engaged in acquisition, development, management, and sale of commercial and residential real estate properties located primarily in Xi'an, Shaanxi Province, People's Republic of China (PRC or China).
	The accompanying unaudited interim condensed consolidated financial statements include the accounts of CHLN and its subsidiaries, Xi'an Tsining Housing Development Company Inc. (“Tsining”), Xi'an New Land Development Co. (“New Land”), Manstate Assets Management Limited (“Manstate”), Success Hill Investments Limited (“Success Hill”), Puhua (Xi'an) Real Estate Development Co., Ltd. (“Puhua”), Xi'an Xinxing Property Management Co., Ltd. (“Xinxing Property”), Suodi Co., Ltd. (“Suodi”), Shaanxi Xinxing Construction Co., Ltd. (“Xinxing Construction”),Xinxing Fangzhou Housing Development Co.,Ltd. (“Fangzhou”), Wayfast Holdings Limited (“Wayfast”), Clever Advance Limited (“Clever Advance”), Gracemind Holdings Limited(“Gracemind”),Treasure Asia Holdings Limited (“Treasure Asia”) and Ankang Jiyuan Real Estate Development Co., Ltd. (“Jiyuan”) (collectively, the “Subsidiaries”).Wayfast with its 100% subsidiary - Clever Advance and Gracemind with its 100% subsidiary - Treasure Asia were incorporated as holding companies in March 2009 and they have been inactive since incorporation.
	The Company's real estate and development sales operations are dependent on continuous financing from external sources. The Company has, in the past, been successful in obtaining financing from financial institutions, third parties and related parties to support the development of its real estate projects. Management believes the Company will continue to have the ability to fund and develop its current and future projects.

Basis_of_Presentation_and_Summ

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2014
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]	'
Basis of Presentation and Summary of Significant Accounting Policies	'
	Note 2 – Basis of Presentation and Summary of Significant Accounting Policies
	Principles of Consolidation and Basis of Presentation
	All inter-company balances and transactions have been eliminated on consolidation. The accompanying unaudited interim condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
	In the opinion of management, the unaudited interim condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of the Company's interim condensed consolidated balance sheet as at September 30, 2014, the Company's interim condensed consolidated statements of income (loss) and comprehensive income (loss) for the three and nine months ended September 30, 2014 and 2013 and the Company's interim condensed consolidated statements of cash flows for the nine months ended September 30, 2014 and 2013. These adjustments consist of normal recurring items. The results of operations for any interim period are not necessarily indicative of results for the full year.
	The unaudited interim condensed consolidated financial statements are based on accounting principles that are consistent in all material respects with those applied in the Company's Annual Report on Form 10-K filed on March 24, 2014 for the year ended December 31, 2013 (“2013 Annual Report”); except as disclosed below. They do not include certain footnote disclosures and financial information normally included in annual consolidated financial statements prepared in accordance with GAAP and, therefore, should be read in conjunction with the audited consolidated financial statements and notes included in the Company's 2013 Annual Report.
	Short-term investment
	The Company records its short-term investments in accordance with ASC 320 “Investments-Debt and Equity Securities”. The Company classified its short-term investment as held for trading investments. This investment was recorded at fair value with net unrealized holding gains and losses reported in the interim condensed consolidated statements of operations and comprehensive income (loss). The carrying amounts of the investments approximated their fair market values, and were classified as Level 2 assets as defined by ASC 820.
	Retirement of Treasury Stock
	The Company repurchases shares of its own common stock from open market or individual shareholders at market price. The excess of repurchase price over par is allocated entirely to retained earnings upon retirement of these treasury stock.
	Reclassifications
	Certain reclassifications have been made to the prior year's financial statements to conform to the current presentation. The effects of the reclassifications were not material to the Company's interim condensed consolidated financial statements.
	Accounting Principles Recently Adopted
	In March 2013, the FASB issued Accounting Standards Update (“ASU”) 2013-05, “Foreign Currency Matters (Topic 830) Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity” (“ASU 2013-05”). ASU 2013-05 updates accounting guidance related to the application of consolidation guidance and foreign currency matters. This guidance resolves the diversity in practice about what guidance applies to the release of the cumulative translation adjustment into net income. This guidance is effective for interim and annual periods beginning after December 15, 2013. The adoption of ASU 2013-05 did not have a material impact on the Company's interim condensed consolidated financial statements.
	In July 2013, the FASB issued ASU 2013-11, “Income Taxes (Topic 740) Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). This guidance states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The amendments in this update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of ASU 2013-11 did not have a material impact on the Company's interim condensed consolidated financial statements.
	New Accounting Pronouncements Not Yet Adopted
	On April 10, 2014, the FASB issued ASU 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (“ASU 2014-08”). The guidance amends the guidance in FASB Accounting Standards Codification (FASB ASC) 205, Presentation of Financial Statements, and FASB ASC 360, Property, Plant, and Equipment, to change the definition of discontinued operations and the criteria for reporting discontinued operations and require expanded disclosures about discontinued operations. A discontinued operation may include a component or group of components of an entity, or a business or nonprofit activity. In accordance with the new guidance, only disposals that represent a strategic shift that has (or will have) a major effect on the entity's operations and financial results would qualify as discontinued operations. In addition, ASU 2014-08 (a) expands the disclosure requirements for disposals that meet the definition of a discontinued operation; (b) requires entities to disclose information about disposals of individually significant components that do not meet the definition of discontinued operations, and (c) conforms the definition of “discontinued operations” similarly to how it is defined under IFRS 5, Non-current Assets Held for Sale and Discontinued Operations.The amendments in this update are effective in the first quarter of 2015. The adoption of ASU 2014-08 is not expected to have a material impact on the Company's consolidated financial statements.
	In May 2014, the FASB issued ASU 2014-09 with the intent of significantly enhancing comparability of revenue recognition practices across entities and industries. The new standard provides a single principles-based, five-step model to be applied to all contracts with customers and introduces new, increased disclosure requirements. The new standard is effective for annual and interim periods beginning on or after December 15, 2016 and may be applied on either a full or modified retrospective basis. The Company is currently assessing the impact of the new standard to the Company's consolidated financial statements.
	In June 2014, the FASB issued ASU 2014-12, an update on stock compensation. The guideline requires performance targets, which affect vesting and can be achieved after the requisite service period, to be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If achievement of the performance target becomes probable before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The amendments are effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted. The Company is currently assessing the impact of the new standard on its consolidated financial statements. The Company does not expect these changes to have a material impact on the Company's consolidated financial statements.
	In August 2014, FASB issued ASU 2014-15 with the intent of defining management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for annual and interim periods beginning on or after December 15, 2016 and may be applied on either a full or modified retrospective basis. The Company is currently assessing the impact of the new standard on its consolidated financial statements. The Company does not expect these changes to have a material impact on the Company's consolidated financial statements.
	Foreign exchange rates used:
		September 30,		December 31,		September 30,
		2014		2013		2013
	Period end RMB/U.S. Dollar exchange rate		6.138		6.0537		6.12
	Average RMB/U.S. Dollar exchange rate		6.1636		6.1481		6.1251

Supplemental_Disclosure_of_Cas

Supplemental Disclosure of Cash Flow Information	9 Months Ended
	Sep. 30, 2014
Supplemental Disclosure of Cash Flow Information [Abstract]	'
Supplemental Disclosure of Cash Flow Information	'
	Note 3 – Supplemental Disclosure of Cash Flow Information
	Income taxes paid amounted to $803,028 and $ 1,885,166 for the nine months ended September 30, 2014 and 2013, respectively. Interest paid for the nine months ended September 30, 2014 and 2013 amounted to $23,836,394 and $29,462,325, respectively.

Restricted_Cash

Restricted Cash	9 Months Ended
	Sep. 30, 2014
Restricted Cash [Abstract]	'
Restricted Cash	'
	Note 4 – Restricted Cash
	The following summarizes the restricted cash held by the Company:
		September 30,		December 31,
		2014		2013
	Banks' security requirement in providing mortgage to home buyers	$	2,560,727	$	5,622,246
	Guaranteed deposits for loans with foreign banks (Note 13)		110,426,849		111,502,057
	Government regulatory fees		124,554		410,597
		$	113,112,130	$	117,534,900

ShortTerm_Investment_for_Tradi

Short-Term Investment for Trading	9 Months Ended
	Sep. 30, 2014
Short-Term Investment for Trading [Abstract]	'
Short-Term Investment for Trading	'
	Note 5 – Short-Term Investment for Trading
	The Company borrowed $22,500,000 on April 30, 2014 from Bank of Communication Offshore Branch (Note 13) to repay a $31 million loan from the Bank of China Singapore Branch when it is due. In the meantime, the Company used the borrowing to purchase a $22,070,271 (December 31, 2013 – $Nil) floating rate deposit certificate from Luso International Bank Ltd. on September 25, 2014. The floating rate deposit certificate was issued by Xia Men International Bank and has a term of 5 years with an annual interest rate based on the 3 month London interbank offered rate ("LIBOR") plus 3%. The certificate matures on November 26, 2018 and the interest is paid on a quarterly basis. The carrying value of the certificate as at September 30, 2014 approximates its fair market value.
	Use of this short-term investment is subject to Bank of Communication's approval before the amount is used to repay the intended loan (Note 13).

Real_Estate_Held_for_Developme

Real Estate Held for Development or Sale	9 Months Ended
	Sep. 30, 2014
Real Estate Held for Development or Sale [Abstract]	'
Real Estate Held for Development or Sale	'
	Note 6 – Real Estate Held for Development or Sale
	The following summarizes the components of real estate inventories as at September 30, 2014 and December 31, 2013:
			September 30,		December 31,
			2014		2013
	Real estate projects completed and held for sale
	Junjing I	$	1,597,816	$	1,842,556
	Gangwan		9,704		9,839
	Junjing III		1,045,730		1,284,724
	Puhua Phase I		6,668,776		7,128,395
	Puhua Phase II – West Region and New Coastal Line		6,876,492		7,643,245
	Real estate completed and held for sale		16,198,518		17,908,759
	Real estate projects held for development
	Puhua Phase II (East Region), III and IV		98,901,621		92,388,308
	Park Plaza		62,169,530		72,536,513
	Golden Bay		146,703,690		77,997,482
	Jiyuan		23,710,786		21,835,276
	Housing project to be sold to employees		13,289,551		140,410
	Other		6,935,174		6,489,165
	Construction Materials		179,318		178,899
	Real estate held for development		351,889,670		271,566,053
	Total real estate held for development or sale	$	368,088,188	$	289,474,812

Accounts_Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2014
Accounts Receivable [Abstract]	'
Accounts Receivable	'
	Note 7 – Accounts Receivable
	Accounts receivable consist of the following as at September 30, 2014 and December 31, 2013:
		September 30,			December 31,
		2014			2013
	Accounts receivable	$	36,818,113		$	41,753,380
	Allowance for doubtful accounts		(586,219	)		(594,382	)
	Accounts receivable, net	$	36,231,894		$	41,158,998

Other_Receivables_Prepaid_Expe

Other Receivables, Prepaid Expenses and Other Assets	9 Months Ended
	Sep. 30, 2014
Other Receivables, Prepaid Expenses and Other Assets [Abstract]	'
Other Receivables, Prepaid Expenses and Other Assets	'
	Note 8 – Other Receivables, Prepaid Expenses and Other Assets
	Other receivables, prepaid expenses and other assets consist of the following as at September 30, 2014 and December 31, 2013:
				September 30,		December 31,
				2014		2013
	Government reimbursement for Tangdu project (a)			$	-	$	208,159
	Interest receivable (b)				6,517,099		3,279,886
	Other receivables (c)				3,715,060		2,524,387
	Allowance for doubtful receivables				-147,940		-150,000
	Prepaid expenses				652,465		1,280,996
	Prepaid other tax expenses				91,640		44,725
	Other receivables, prepaid expenses and other assets, net			$	10,828,324	$	7,188,153
		(a)	The amount represents government reimbursement receivable in connection with the TangDu project land use right reacquired by the government. Additional compensation was received during the first quarter of fiscal 2014 (Note 15).
		(b)	Interest receivable represents interest income accrued on the restricted cash pledged as security for the loans obtained from Bank of Communications offshore branch, Bank of China Macau Branch, Bank of China Singapore branch and LUSO International Bank.
		(c)	Other receivable mainly represents various deposits made to government agencies and/or utility companies as security or guarantee during the project construction. The amounts will be refunded when the projects are completed.

Property_and_Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2014
Property and Equipment [Abstract]	'
Property and Equipment	'
	Note 9 – Property and Equipment
	Property and equipment consist of the following at September 30, 2014 and December 31, 2013:
		September 30,			December 31,
		2014			2013
	Income producing properties and improvements	$	17,196,022		$	22,001,568
	Buildings and improvements		31,609,174			19,467,823
	Electronic equipment		1,091,188			1,098,233
	Vehicles		769,000			779,708
	Computer software		327,658			332,879
	Office furniture		955,635			969,933
	Total		51,948,677			44,650,144
	Accumulated depreciation		(9,453,676	)		(8,368,976	)
	Property and equipment, net	$	42,495,001		$	36,281,168
	Depreciation expense for the three months ended September 30, 2014 and 2013 amounted to $641,141 and $632,679, respectively. Depreciation expense for the nine months ended September 30, 2014 and 2013 amounted to $1,836,084 and $1,940,103, respectively. The depreciation expense was included in selling, general and administrative expenses, real estate held for development or sale and cost of other revenue.

Intangible_Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2014
Intangible Assets [Abstract]	'
Intangible Assets	'
	Note 10 – Intangible Assets
	The intangible assets consisted of the following at September 30, 2014 and December 31, 2013:
			September 30,			December 31,
			2014			2013
	Development right acquired (a)		$	52,612,992		$	53,345,648
	Land use right acquired (b)			8,881,614			8,878,924
	Construction license acquired (c)			1,226,486			1,243,565
				62,721,092			63,468,137
	Accumulated amortization			(38,512,355	)		(21,014,664	)
	Intangible assets, net		$	24,208,737		$	42,453,473
		(a)	The development right for 487 acres of land in Baqiao Park was obtained from the acquisition of New Land in fiscal 2007. The intangible asset has a finite life. The development right will expire on June 30, 2016.
			The Company acquired the land use right for the remaining parcel of Golden Bay project and recorded amortization of $12,553,872 during the first quarter of 2014 and capitalized this amount in the real estate held for development or sale. The Company acquired the land use right for the Company's head office and certain future resident project and recorded amortization of $5,222,987 during the second quarter of 2014. $2,121,055 was capitalized in the Company's buildings and improvements and $3,101,932 in the real estate held for development or sale. There was no amortization on development right during the first three quarters of fiscal 2013.
			The $12,553,872 amortization recorded in the first quarter of 2014 was calculated by multiplying the $33,092,754 remaining carrying value of the development right immediately before this amortization by 37.94%, the percentage of profit expected to be realized from acquiring the land use right through the utilization of the development right over the total expected profit from acquiring land use rights through the utilization of the development right.
			The $5,222,987 amortization recorded in the second quarter of 2014 was calculated by multiplying the $20,977,221 remaining carrying value of the development right immediately before this amortization by 24.90%, the percentage of profit expected to be realized from acquiring the land use right through the utilization of the development right over the total expected profit from acquiring land use rights through the utilization of the development right.
			Upon the acquisition of Puhua's land use right in 2009, the Company recorded $4,665,592 of amortization on the development right and capitalized the amount in the real estate held for development or sale. The capitalized amortization amount is expensed as part of the cost of real estate sales as Puhua recognizes its real estate sales revenues under the percentage of completion method. During the three and nine months ended September 30, 2014, $80,336 and $374,363 (September 30, 2013 - $56,505 and $424,880) of amortized development right capitalized in the Puhua project were expensed through cost of real estate sales, respectively.
		(b)	The land use right was acquired through the acquisition of Suodi. The land use right certificate will expire in November 2048. The Company amortizes the land use right over 39 years starting from the date of acquisition. For the three and nine months ended September 30, 2014, the Company has recorded $55,901 and $167,665, respectively, of amortization expense on the land use rights (September 30, 2013 - $56,253 and $167,609). The amortization was included in selling, general and administrative expenses. For the next five years, the Company will amortize approximately $220,000 annually on the land use right.
		(c)	The construction license was acquired through the acquisition of Xinxing Construction. The construction license, which is subject to renewal every 5 years, is not amortized and has an indefinite estimated useful life because management believes it will be able to continuously renew the license in future years. The license is subject to renewal on January 1, 2016.
	No impairment write-down was recognized for the three and nine months ended September 30, 2014 and 2013 on the intangible assets.

Accrued_Expenses

Accrued Expenses	9 Months Ended
	Sep. 30, 2014
Accrued Expenses [Abstract]	'
Accrued Expenses	'
	Note 11 – Accrued Expenses
		September 30,		December 31,
		2014		2013
	Accrued expenses	$	11,357,420	$	14,071,352
	Accrued interest on loans		3,474,393		3,368,189
	Total	$	14,831,813	$	17,439,541

Loans_from_Employees

Loans from Employees	9 Months Ended
	Sep. 30, 2014
Loans from Employees [Abstract]	'
Loans from Employees	'
	Note 12 – Loans from Employees
	The Company has borrowed monies from certain employees to fund the Company's construction projects. All loans from employees have a six month maturity period and are renewed upon maturity if not paid. These unsecured loans bear interest at 15% (December 31, 2013 – 15%) per annum and are available to all employees.
	Included in these loans are loans from the Company's executives:
		September 30,		December 31,
		2014		2013
	President	$	505,050	$	-
	Chief financial officer		1,303,356		660,753
	Chief operating officer		1,436,950		1,220,741
	Total	$	3,245,356	$	1,881,494

Loans_Payable

Loans Payable	9 Months Ended
	Sep. 30, 2014
Loans Payable [Abstract]	'
Loans Payable	'
	Note 13 – Loans Payable
		September 30,		December 31,
		2014		2013
	Construction Bank of China
	Annual interest is 105% of People's Bank of China prime rate (6.15%). The loan is secured by the Park Plaza Phase I project and land use right. The repayment schedule is as follows: November 30, 2014 - $3,258,390 (RMB 20 million); May 30, 2015 - $6,516,781 (RMB 40 million); November 30, 2015 - $9,775,171 (RMB 60 million), May 30, 2016 - $1,629,195 (RMB 10 million). The loan is also subject to certain repayment requirements based on percentage of sales contracts signed over total estimated sales amount of Park Plaza Phase I.	$	21,179,537	$	28,907,941
	Bank of China, Macau Branch
	Originally due on December 16, 2013 and extended to December 16, 2015, annual interest is based on 3-month LIBOR rate plus 2.5%. The 3-month LIBOR rate on September 30, 2014 was 0.2343% (December 31, 2013 - 0.2442%), secured by $32,583,904 (RMB 200 million) of restricted cash. The loan is also subject to a 1.3 % service fee per annum.		31,000,000		31,000,000
	Bank of Communication Offshore Branch (Loan 1)
	Due on November 13, 2015, annual interest rate is 2.9%, secured by $36,656,891 (RMB 225 million) of restricted cash.		30,000,000		30,000,000
	Bank of China, Singapore Branch
	Due on November 22, 2014, annual interest is based on 3-month LIBOR rate plus 1.55%. The 3-month LIBOR rate on September 30, 2014 was 0.2343% (December 31, 2013 - 0.2442%), secured by $32,583,904 (RMB 200 million) of restricted cash. The loan is also subject to a 1.8 % service fee per annum.		31,800,000		31,800,000
	LUSO International Bank		7,761,152		7,761,153
	The Company signed an agreement for a line of credit of $9.7 million with LUSO International Bank. The amount that can be withdrawn is limited to 97% of the restricted cash secured for the line of credit. The total amount will be due on March 27, 2015. As of September 30, 2014, the Company has drawn $7,761,152 from the line of $9.7 million which is 95.3% of $ 8,145,976 (RMB 50 million) restricted cash secured. Annual interest is based on the 12-month LIBOR rate plus 2.7%. The 12-month LIBOR rate on September 30, 2014 was 0.5771% (December 31, 2013- 0. 5795%).
	Xi'an Xinxing Days Hotel & Suites Co., Ltd. (“Days Hotel”) (Note 19)
	There are several loans from Days Hotel, including: $3,421,309 (RMB 21 million) due on October 20, 2014; $1,140,437 (RMB 7 million) due on October 31, 2014; $7,983,056 (RMB 49 million) due on December 31, 2014; $244,379 due on January 17, 2015 (RMB 1.5 million); $651,678 (RMB 4 million) due on February 19, 2015; $488,759 (RMB 3 million) due on March 6, 2015; $391,007 (RMB 2.4 million) due on March 10, 2015; $162,920 (RMB 1 million) due on March 16, 2015; $651,678 (RMB 4 million) due on March 19, 2015; $162,920 (RMB 1 million) due on April 1, 2015; $325,839 (RMB 2 million) due on April 30, 2015; and $8,145,976 (RMB 50 million) due on May 13, 2015. $22,792,441 (RMB 139.9 million) of the balance has an annual interest rate of 20%, and the new loans acquired in the third quarter totaling $977,517 (RMB 6 million) have an annual interest rate of 15%.		23,769,958		19,905,182
	Shanghai XinYing Fund, LLC (“XinYing”)
	Originally due on August 7, 2014, annual interest is 9.6% and the effective annual interest rate is 27.16% due to related finance consulting fees, secured by 100% ownership of Xinxing Construction's shares, corporate guarantee from Tsining, Puhua, and the Company. The repayment terms of the loan have been extended to: $1,629,195 (RMB 10 million) due on December 1, 2014; $2,443,793 (RMB 15 million) due on June 1, 2015; $15,477,354 (RMB 95 million) due on August 7, 2015 with revised consulting fees (Note 18). The revision in terms of the loan is accounted for as an extinguishment of the loan and $2,071,672 is recognized as a gain on extinguishment of loan on the consolidated statement of income (loss). The new loan has annual interest rate of 9.6 % and an effective interest rate of 23.65%.		19,550,342		21,474,470
	Shenzhen Qianhai Dinghui Equity Investment Fund Partnership (“Dinghui”)
	On March 22, 2013, the Company received $40,729,879 (RMB 250 million) from Dinghui to fund the acquisition of the land use rights for the Company's Golden Bay project and/or other construction. The loan is due on March 21, 2015 with an annual interest rate of 20%.		57,021,831		41,297,058
	In March 2014, the Company borrowed an additional $16,291,952 (RMB 100 million). The loan will be used to acquire the land use right for the Company's head quarters. The loan is due in March 2015 with an annual effective interest rate of 20%.
	In connection with these loans, the Company transferred 49% of Fangzhou's common shares to Dinghui in December 2012 as security for the loan. Dinghui will not participate in the decision making, operation and profit/loss sharing of Fangzhou. Once the land use right is obtained, the Company will use the land use right as a pledge for the loan and Dinghui will revert the transferred common shares of Fangzhou back to the Company. Since Golden Bay's land use rights were acquired during the first quarter of 2014, the Company and Dinghui are in the process of reverting the transferred common shares of Fangzhou back to the Company. The loans are also guaranteed by the Company and the Company's President.
	Bank of Communications
	Annual interest is 120% of the People's Bank of China prime rate (6.15%). The loan is secured by a portion of the Puhua Phase III project and land use right. The repayment schedule is as follows: December 20, 2014 - $3,258,390 (RMB 20 million); June 20, 2015 - $8,145,976 (RMB 50 million); and December 20, 2015 - $16,291,952 (RMB 100 million).		27,696,318		33,037,646
	Bank of Xi'an, Weilai Branch		19,550,342		29,733,882
	Annual interest is 130% of the People's Bank of China prime rate (6.15%). The loan is secured by a portion of the Puhua Phase II project and land use right. The repayment schedule is as follows: December 21, 2014 - $8,145,976 (RMB 50 million); April 24, 2015 - $11,404,366 (RMB 70 million). The loan is also subject to certain repayment requirements based on percentage of sales contracts signed over total estimated sales amounts of Puhua Phase II.
	Bank of Communication Offshore Branch (Loan 2)		22,500,000		-
	Due on March 17, 2016, annual interest is based on 6-month LIBOR rate plus 2.8% and the loan is also subject to a 0.7% financing fee. The effective annual interest rate is 3.730% and the 6-month LIBOR rate on September 30, 2014 was 0.3283% (December 31, 2013 - 0.2442%). The loan is specifically for the retirement of the $31 million Bank of China, Singapore Branch loan. The use of the funds, including the short term investment purchased (Note 5), is restricted by the bank until the funds are used to repay the intended loan.
	Bank of Communications		11,404,366		-
	Annual interest is 130% of the People's Bank of China prime rate (6.15%). The loan is secured by a portion of the Puhua Phase IV project and land use right. The repayment schedule is as follows: June 20, 2015 - $1,629,195 (RMB 10 million); December 20, 2015 - $1,629,195 (RMB 10 million); June 20, 2016 - $4,072,988 (RMB 25 million); December 20, 2016 - $4,072,988 (RMB 25 million).
	Total	$	303,233,847	$	274,917,332
	Except for the loans from Bank of China Macau Branch, Bank of China Singapore Branch and Bank of Communication Offshore Branch (Loan 1), which were drawn to repay mandatorily redeemable non-controlling interest in Subsidiaries and the loan from LUSO International Bank, which was drawn to repay convertible debt and the loan from Bank of Communication Offshore Branch (Loan 2), which will be used to repay the loans from Bank of China Singapore Branch. All other loans were drawn to directly finance construction projects and the interest paid was capitalized and allocated to various real estate construction projects or expensed if the interest costs did not meet the capitalization criteria.
	The $36.7 million of restricted cash corresponds to a $30 million loan from Bank of Communications offshore Branch; the $32.6 million of restricted cash corresponds to a $31 million loan from Bank of China, Macau Branch; the $32.6 million of restricted cash corresponds to a $31.8 million loan from Bank of China, Singapore Branch; and $8 million of restricted cash corresponds to a $7.76 million loan from LUSO International Bank. Except for the $7.76 million loan from LUSO International Bank, all these borrowings were incurred in Hong Kong to repay the mandatorily redeemable preferred shares of Prax, the LUSO International Bank loan was drawn to repay convertible debt. However, the majority of the Company's cash resided in mainland China and to wire funds from mainland China to Hong Kong is subject to foreign exchange restrictions imposed by the PRC government. Thus, in order for the Company to repay its Hong Kong and oversea counterparties, the Company had to utilize the special lending facilities provided by major PRC banks and foreign financial institutions (i.e. JP Morgan and Bank of China) to allow the Company to borrow outside of mainland China using cash the Company has in mainland China as guarantees.
	The loans payable balances were secured by certain of the Company's real estate held for development or sale and land use rights with a carrying value of $137,104,723 at September 30, 2014 (December 31, 2013 - $151,078,309). The weighted average interest rate on loans payable as at September 30, 2014 was 8.98% (December 31, 2013 – 8.7%).
	The loans from Bank of Xi'an, Weilai Branch and Construction Bank of China are subject to certain repayment terms based on certain percentage of units sold in Puhua Phase II and Park Plaza Phase I projects. Based on these repayment terms, Bank of Xi'an, Weilai Branch and Construction Bank of China can demand repayment of all remaining balances outstanding at any time.
	The principal repayment requirements over the following 2 years are as follows:
	Due in 1 year	$	193,666,725
	1 – 2 years		109,567,122
	Total	$	303,233,847

Shareholders_Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2014
Shareholders' Equity [Abstract]	'
Shareholders' Equity	'
	Note 14 – Shareholders' Equity
	Common stock
	During the second quarter of fiscal 2014, the Company issued 414,000 shares of common stock to compensate services provided by all the directors. The shares were valued at $894,240 based on the $2.16 closing price of the shares on May 20, 2014, the grant date, and are recorded as stock-based compensation on the unaudited interim condensed consolidated statements of operations.
	On May 27, 2013, the Company approved the issuance of 411,125 shares of common stock to compensate services provided by all the directors. The shares were valued at $900,364 based on the $2.16 closing price of the shares on the grant date and are recorded as stock-based compensation on the unaudited interim condensed consolidated statements of operations.
	During the three months ended March 31, 2014, the Company retired 966,666 shares of treasury stock. The excess of the repurchase price over par of $2,398,995 is allocated entirely to retained earnings.
	During the three months ended June 30, 2014, the Company retired 448,380 shares of treasury stock. The excess of the repurchase price over par of $520,088 is allocated entirely to retained earnings.
	During the three months ended September 30, 2014, the Company retired 47,600 shares of treasury stock. The excess of the repurchase price over par of $115,712 is allocated entirely to retained earnings.
	No shares were retired during the same periods of fiscal 2013.
	Stock Options
	On June 13, 2011, the Company granted 1,227,755 options to acquire common stock of the Company to employees, officers and directors. The exercise price of the options was determined based on the fair value of the common stock at the grant date.
	Options expire on the earlier of ten years from the date of issuance, subject to earlier termination resulting from an optionee's death or departure from the Company or change of control. Unless otherwise determined by the Board of Directors, options granted vest 30%, 30% and 40% on each of the first, second and third anniversary dates of the option grants. The vesting is also subject to certain performance conditions.
	736,652 of these 1,227,755 vested options vested before December 31, 2013 but were not exercisable and were forfeited because the performance conditions of the stock options for the past two fiscal years were not met.
	The following summarizes the weighted-average information about the outstanding stock options as at September 30, 2014:
	Outstanding Stock Options
	Exercise				Number		Average Remaining
	Price						Contractual Life
	$	1.39				491,103	6.71 years
	Stock-based compensation
	The 1,227,755 stock options granted on June 13, 2011 have an estimated fair value of $1,316,911 for an average value of $1.04 to $1.10 per stock option using the CRR option pricing model with the following key assumptions:
			June 13, 2011
	Expected life			5.5-6.5 years
	Expected volatility			95%
	Risk-free interest rate			1.74% -2.1%
	Dividend yield			0%
	Related to these 1,227,755 stock options, compensation expense is recognized over the vesting period. During the three and nine months ended September 30, 2014, compensation expense of $Nil and $242,064, respectively (September 30, 2013 - $135,792 and $339,701) was recognized in the unaudited interim condensed consolidated statements of operations.
	Total stock-based compensation, including the shares granted to directors, recognized for the three and nine months ended September 30, 2014 amounted to $Nil and $1,136,304 (September 30, 2013 - $135,792 and $1,240,065).
	Treasury Stock
	The Company approved a plan to repurchase up to $10 million of the Company's common stock. The repurchase will be made from time to time at prevailing market prices, through open market purchases. There is no guarantee as to the exact number of shares that will be repurchased by the Company and the Company may discontinue purchases at any time when the Board of Directors determines additional repurchases are not warranted. The repurchase program will continue until $10 million of common stock is repurchased.
	During the three months ended March 31, 2014, the Company repurchased 132,677 shares at an average price of $2.40 and the total cost of $318,589 was recorded as treasury stock.
	During the three months ended June 30, 2014, the Company repurchased 131,600 shares at an average price of $2.31 and the total cost of $317,381 was recorded as treasury stock.
	In addition to the above share repurchase, the Company repurchased 1,198,369 shares during fiscal 2011 to 2013. As of September 30, 2014, the Company has repurchased 1,462,646 shares in total and has retired all of these shares as of September 30, 2014. The excess of the repurchase price over par is allocated entirely to retained earnings.

Other_Revenue

Other Revenue	9 Months Ended
	Sep. 30, 2014
Other Revenue [Abstract]	'
Other Revenue	'
	Note 15 – Other Revenue
		For the three months ended				For the nine months ended
		September 30,		September 30,		September 30,		September 30,
		2014		2013		2014		2013
	Interest income	$	1,139,755	$	1,185,491	$	3,343,305	$	4,090,313
	Rental income		228,573		225,036		714,865		667,534
	Income from property management services		889,648		912,247		3,272,697		2,734,441
	External construction contracts		2,428,694		1,448,263		5,839,748		14,355,558
	Additional compensation received in connection with TangDu project		-		-		612,912		-
	Miscellaneous income		206,919		17,397		600,089		36,185
	Total	$	4,893,589	$	3,788,434	$	14,383,616	$	21,884,031

Segment_Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting	'
	Note 16- Segment Reporting
	The Company has two reportable segments: Real Estate Development and Sales segment and Real Estate Construction segment. The Real Estate Development and Sales segment includes operating subsidiaries, Tsining, Puhua, New Land, Suodi, Fangzhou and Jiyuan, while the Real Estate Construction segment represents Xinxing Construction. These two segments offer different products and services. The reportable segments are managed separately because they produce distinct products and provide different services. The Company and its other subsidiaries, Manstate, Success Hill, Wayfast, Clever Advance, Gracemind, Treasure Asia and Xinxing Property are aggregated as All Other segment. The All Other segment includes revenue from property management services from Xinxing Property and all head office expenses. None of these companies have ever met any of the quantitative thresholds for determining reporting segments.
	The Company accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current market prices. The Company's reportable segments are strategic business units that offer different products and services. They are managed separately because each business requires different skills and marketing strategies.
	Financial information with respect to the reportable segments and reconciliation to the amounts reported in the Company's unaudited interim condensed consolidated financial statements during the three and nine months ended September 30, 2014 and 2013 are as follows:
	For the three months ended September 30, 2014:
			Real Estate								Adjustments
			Development								and
			and Sales			Construction		All Other			Eliminations				Consolidated
	Revenues from external customers		$	22,816,765		$	2,428,694	$	1,087,728		$	-			$	26,333,187
	Intersegment revenues			-			7,808,601		-			(7,808,601	)(1)			-
	Rental from external customers			206,819			21,755		-			-				228,574
	Miscellaneous income (mainly interest income)			1,147,982			-		611			-				1,148,593
	Total revenue		$	24,171,566		$	10,259,050	$	1,088,339		$	(7,808,601	)		$	27,710,354
	Financing expense		$	1,322,147		$	15,683	$	4,540		$	-			$	1,342,370
	Segment profit (loss) before taxes		$	2,152,336		$	145,519	$	343,583		$	(67,447	)(1)		$	2,573,991
	Total assets		$	724,309,706		$	96,880,152	$	146,804,763		$	(320,996,091	)(2)		$	646,998,530
	For the nine months ended September 30, 2014:
			Real Estate			Construction		All Other			Adjustments				Consolidated
			Development								and Elimination
			and Sales
	Revenues from external customers		$	79,436,412		$	5,839,749	$	3,596,459		$	-			$	88,872,620
	Intersegment revenues			-			31,537,760		-			(31,537,760	)(1)			-
	Rental from external customers			649,617			65,249		-			-				714,866
	Other miscellaneous income (Interest and Gain from Property and Equipment)			4,077,131			-		155,411			-				4,232,542
	Total revenue		$	84,163,160		$	37,442,758	$	3,751,870		$	(31,537,760	)		$	93,820,028
	Financing expense		$	3,637,800		$	28,130	$	10,822		$	-			$	3,676,752
	Segment (loss) profit before taxes		$	(5,393,911	)	$	709,913	$	307,365		$	(464,543	)(1)		$	(4,841,176	)
	For the three months ended September 30, 2013:
			Real Estate			Construction		All Other			Adjustments			Consolidated
			Development								and Elimination
			and Sales
	Revenues from external customers		$	21,042,396		$	1,448,263	$	912,247		$	-		$	23,402,906
	Intersegment revenues			-			14,114,629		-			(14,114,629	)(1)		-
	Rental from external customers			203,145			21,892		-			-			225,037
	Other miscellaneous income
	(Interest and Gain from Property and Equipment)			1,184,211			-		18,676			-			1,202,887
	Total Revenue		$	22,429,752			15,584,784	$	930,923		$	(14,114,629	)		24,830,830
	Financing expense			1,759,094			-		3,630			-			1,762,724
	Segment (loss) profit before taxes			(1,174,784	)		234,810		690,416			(415,520	)(1)		(665,078	)
	Total assets		$	744,470,197		$	88,504,337	$	191,316,524		$	(417,279,354	)(2)	$	607,011,704
	For the nine months ended September 30, 2013:
			Real Estate			Construction		All Other			Adjustments				Consolidated
			Development								and Elimination
			and Sales
	Revenues from external customers		$	112,091,843		$	14,355,558	$	2,734,441		$	-			$	129,181,842
	Intersegment revenues			-			28,553,773		-			(28,553,773	)(1)			-
	Rental from external customers			600,696			66,839		-			-				667,535
	Other miscellaneous income
	(Interest and Gain from Property and Equipment)			4,099,678			-		26,819			-				4,126,497
	Total Revenue		$	116,792,217		$	42,976,170	$	2,761,260		$	(28,553,773	)		$	133,975,874
	Financing expense		$	5,996,720		$	12,869	$	7,015		$	-			$	6,016,604
	Segment profit (loss) before taxes		$	11,172,938		$	1,611,010	$	(264,266	)	$	(713,340	)(1)		$	11,806,342
		-1	These represent revenues earned from construction service performed by Xinxing Construction for the Real Estate Development and Sales segment and its profits. They are eliminated upon consolidation.
		-2	The adjustment represent long-term investments in subsidiaries and inter-subsidiary balances eliminated upon consolidation

Effect_of_Change_in_Estimates

Effect of Change in Estimates	9 Months Ended
	Sep. 30, 2014
Effect of Change in Estimates [Abstract]	'
Effect of Change in Estimates	'
	Note 17 – Effect of Change in Estimates
	Revisions in estimated gross profit margins related to revenue recognized under the percentage of completion method for projects under construction and met all revenue recognition criteria are made in the period in which circumstances requiring the revisions become known.
	During the three months ended September 30, 2014, real estate development projects with gross profits recognized as at September 30, 2014 had no changes in their estimated gross profit margins. Therefore, there are no changes in gross profit, net income, basic and diluted earnings per share for the three months ended September 30, 2014. During the three months ended September 30, 2013, real estate development projects with gross profits recognized as at September 30, 2013 had changes in their estimated gross profit margins. As a result of these changes in gross profit, net income for the three months ended September 30, 2013 decreased by $1,637,578 or a decrease of $0.05 for both basic and diluted earnings per share for the three months ended September 30, 2013.
	During the nine months ended September 30, 2014, real estate development projects with gross profits recognized for the year ended December 31, 2013 had changes in their estimated gross profit margins. As a result of these changes in gross profit, net income for the nine months ended September 30, 2014 decreased by $5,031,001 (nine months ended September 30, 2013 – decreased by $383,896) or a decrease $0.15 for basic and diluted earnings per share for the nine months ended September 30, 2014 (nine months ended September 30, 2013 – decreased by $0.011 in both basic and diluted earnings per share).

Earnings_loss_per_Share

Earnings (loss) per Share	9 Months Ended
	Sep. 30, 2014
Earnings per Share [Abstract]	'
Earnings per Share	'
	Note 18 – Earnings (loss) per Share
	Earnings (loss) per share for the three and nine months ended September 30, 2014, and 2013 were determined by dividing net income (loss) for the periods by the weighted average number of both basic and diluted shares of common stock and common stock equivalents outstanding.
	None of the options are exercisable because the performance conditions were not met. Therefore, the options have no dilutive effect on the earnings per share and are excluded from the determination of the diluted earnings per share calculation for three and nine months end September 30, 2014 and 2013 diluted earnings per share calculation.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies [Abstract]	'
Commitments and Contingencies	'
	Note 19– Commitments and Contingencies
	In connection with the loans borrowed from XinYing (Notes 13 and 19), the Company also signed a finance consulting agreement with XinYing whereby the Company is committed to pay consulting fees on a quarterly basis up to August 2015 for financing services provided.
	Additionally, the Company had various commitments related to land use right acquisitions with unpaid balances of approximately $16.3 million. The balances are not due until the vendor removes the existing building on the land and changes the zoning status of the land use right certificate. Based on the current condition, the Company estimates that the balances will be paid in a year.
	All future payments required under the various agreements are summarized below:
		Payment due by period
	Commitments and			After
	Contingencies	Total		1 year		1-2 years		2-3 years		3-4 years		4-5 years		5 years
	Consulting fees	$	1,739,546	$	1,739,546	$	-	$	-	$	-	$	-	$	-
	Land use rights		16,291,952		16,291,952				-		-		-		-
	Total	$	18,031,498	$	18,031,498	$	-	$	-	$	-	$	-	$	-
	The Company from time to time has to renew certain real estate development licenses in the normal course of business. Management believes the Company will be able to continuously renew these licenses.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	Note 20 – Related Party Transactions
	One of the Company's executive officers' spouse owns 37.83% of the common stock of Days Hotel. During the three and nine months ended September 30, 2014, the Company incurred $39,284 and $164,816 (September 30, 2013 - $45,680 and $111,555) in fees to Days Hotel. The fees incurred include meal and hotel rooms charges. As of September 30, 2014, the Company had $22,398 (December 31, 2013 - $7,095) fees payable to Days Hotel.
	The Company also has a $23,769,958 loan payable to Days Hotel as of September 30, 2014 (December 31, 2013 - $19,905,182) (Note 13). For the three and nine months ended September 30, 2014, the Company incurred $928,872 and $3,010,449 (September 30, 2013 - $807,533 and $3,897,505) of interest expense to Days Hotel and capitalized the amounts in real estate held for development or sales. As at September 30, 2014, the Company also had $890,984 (December 31, 2013 - $178,724) interest payable to Days Hotel.
	As at September 30, 2014, the Company also has a $19,550,342 (RMB 120 million) (December 31, 2013 - $21,474,470) loan payable to XinYing (Note 13), in which an executive partner is the spouse of one of the Company's executive officers. The Company incurred a total of $666,069 and $3,675,247 of interest expense and finance consulting fees to Xinying during the three and nine months ended September 30, 2014 (September 30, 2013 - $1,228,579 and $5,225,264) and capitalized the amount in real estate held for development or sales. As at September 30, 2014, the Company had $46,921 (December 31, 2013 - $57,265) interest payable to XinYing. As of September 30, 2014, Company also had a $46,390 (December 31, 2013 - $1,684,200) liability under accrued expenses in connection with the consulting agreement signed with XinYing (Note 13 and 18).

Subsequent_Event

Subsequent Event	9 Months Ended
	Sep. 30, 2014
Subsequent Event [Abstract]	'
Subsequent Event	'
	Note 21 – Subsequent Event
	The Company signed a $9,816,500 loan agreement secured by $10,122,190 (RMB 62.1 million) restricted cash with LUSO International Bank on November 13, 2014. The loan matures on May 12, 2016 and the annual interest is based on 12-month LIBOR rate plus 2.7%.
	The Company has repaid the $31,800,000 loan to Bank of China, Singapore Branch on November 14, 2014, which is due on November 22, 2014, and $32,583,904 (RMB 200 million) of restricted cash has been released accordingly.
	The Company has repaid total loans of $4,561,746 (RMB 28 million) to Days Hotel that are due in October 2014,and borrowed additional $11,404,366 (RMB 70 million) subsequent to September 30, 2014.

Basis_of_Presentation_and_Summ1

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2014
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]	'
Principles of Consolidation and Basis of Presentation	'
	Principles of Consolidation and Basis of Presentation
	All inter-company balances and transactions have been eliminated on consolidation. The accompanying unaudited interim condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
	In the opinion of management, the unaudited interim condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of the Company's interim condensed consolidated balance sheet as at September 30, 2014, the Company's interim condensed consolidated statements of income (loss) and comprehensive income (loss) for the three and nine months ended September 30, 2014 and 2013 and the Company's interim condensed consolidated statements of cash flows for the nine months ended September 30, 2014 and 2013. These adjustments consist of normal recurring items. The results of operations for any interim period are not necessarily indicative of results for the full year.
	The unaudited interim condensed consolidated financial statements are based on accounting principles that are consistent in all material respects with those applied in the Company's Annual Report on Form 10-K filed on March 24, 2014 for the year ended December 31, 2013 (“2013 Annual Report”); except as disclosed below. They do not include certain footnote disclosures and financial information normally included in annual consolidated financial statements prepared in accordance with GAAP and, therefore, should be read in conjunction with the audited consolidated financial statements and notes included in the Company's 2013 Annual Report.
Short-term investment	'
	Short-term investment
	The Company records its short-term investments in accordance with ASC 320 “Investments-Debt and Equity Securities”. The Company classified its short-term investment as held for trading investments. This investment was recorded at fair value with net unrealized holding gains and losses reported in the interim condensed consolidated statements of operations and comprehensive income (loss). The carrying amounts of the investments approximated their fair market values, and were classified as Level 2 assets as defined by ASC 820.
Retirement of Treasury Stock	'
	Retirement of Treasury Stock
	The Company repurchases shares of its own common stock from open market or individual shareholders at market price. The excess of repurchase price over par is allocated entirely to retained earnings upon retirement of these treasury stock.
Reclassifications	'
	Reclassifications
	Certain reclassifications have been made to the prior year's financial statements to conform to the current presentation. The effects of the reclassifications were not material to the Company's interim condensed consolidated financial statements.
Accounting Principles Recently Adopted	'
	Accounting Principles Recently Adopted
	In March 2013, the FASB issued Accounting Standards Update (“ASU”) 2013-05, “Foreign Currency Matters (Topic 830) Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity” (“ASU 2013-05”). ASU 2013-05 updates accounting guidance related to the application of consolidation guidance and foreign currency matters. This guidance resolves the diversity in practice about what guidance applies to the release of the cumulative translation adjustment into net income. This guidance is effective for interim and annual periods beginning after December 15, 2013. The adoption of ASU 2013-05 did not have a material impact on the Company's interim condensed consolidated financial statements.
	In July 2013, the FASB issued ASU 2013-11, “Income Taxes (Topic 740) Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). This guidance states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows: to the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The amendments in this update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of ASU 2013-11 did not have a material impact on the Company's interim condensed consolidated financial statements.
	New Accounting Pronouncements Not Yet Adopted
	On April 10, 2014, the FASB issued ASU 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (“ASU 2014-08”). The guidance amends the guidance in FASB Accounting Standards Codification (FASB ASC) 205, Presentation of Financial Statements, and FASB ASC 360, Property, Plant, and Equipment, to change the definition of discontinued operations and the criteria for reporting discontinued operations and require expanded disclosures about discontinued operations. A discontinued operation may include a component or group of components of an entity, or a business or nonprofit activity. In accordance with the new guidance, only disposals that represent a strategic shift that has (or will have) a major effect on the entity's operations and financial results would qualify as discontinued operations. In addition, ASU 2014-08 (a) expands the disclosure requirements for disposals that meet the definition of a discontinued operation; (b) requires entities to disclose information about disposals of individually significant components that do not meet the definition of discontinued operations, and (c) conforms the definition of “discontinued operations” similarly to how it is defined under IFRS 5, Non-current Assets Held for Sale and Discontinued Operations.The amendments in this update are effective in the first quarter of 2015. The adoption of ASU 2014-08 is not expected to have a material impact on the Company's consolidated financial statements.
	In May 2014, the FASB issued ASU 2014-09 with the intent of significantly enhancing comparability of revenue recognition practices across entities and industries. The new standard provides a single principles-based, five-step model to be applied to all contracts with customers and introduces new, increased disclosure requirements. The new standard is effective for annual and interim periods beginning on or after December 15, 2016 and may be applied on either a full or modified retrospective basis. The Company is currently assessing the impact of the new standard to the Company's consolidated financial statements.
	In June 2014, the FASB issued ASU 2014-12, an update on stock compensation. The guideline requires performance targets, which affect vesting and can be achieved after the requisite service period, to be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If achievement of the performance target becomes probable before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The amendments are effective for interim and annual periods beginning after December 15, 2015. Early adoption is permitted. The Company is currently assessing the impact of the new standard on its consolidated financial statements. The Company does not expect these changes to have a material impact on the Company's consolidated financial statements.
	In August 2014, FASB issued ASU 2014-15 with the intent of defining management's responsibility to evaluate whether there is substantial doubt about an organization's ability to continue as a going concern and to provide related footnote disclosures. The new standard is effective for annual and interim periods beginning on or after December 15, 2016 and may be applied on either a full or modified retrospective basis. The Company is currently assessing the impact of the new standard on its consolidated financial statements. The Company does not expect these changes to have a material impact on the Company's consolidated financial statements.

Basis_of_Presentation_and_Summ2

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2014
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]	'
Schedule of Foreign Exchange Rates	'
	Foreign exchange rates used:
		September 30,		December 31,		September 30,
		2014		2013		2013
	Period end RMB/U.S. Dollar exchange rate		6.138		6.0537		6.12
	Average RMB/U.S. Dollar exchange rate		6.1636		6.1481		6.1251

Restricted_Cash_Tables

Restricted Cash (Tables)	9 Months Ended
	Sep. 30, 2014
Restricted Cash [Abstract]	'
Summary of Restricted Cash Held by Company	'
	The following summarizes the restricted cash held by the Company:
		September 30,		December 31,
		2014		2013
	Banks' security requirement in providing mortgage to home buyers	$	2,560,727	$	5,622,246
	Guaranteed deposits for loans with foreign banks (Note 13)		110,426,849		111,502,057
	Government regulatory fees		124,554		410,597
		$	113,112,130	$	117,534,900

Real_Estate_Held_for_Developme1

Real Estate Held for Development or Sale (Tables)	9 Months Ended
	Sep. 30, 2014
Real Estate Held for Development or Sale [Abstract]	'
Summary of the Components of Real Estate Inventories	'
	The following summarizes the components of real estate inventories as at September 30, 2014 and December 31, 2013:
			September 30,		December 31,
			2014		2013
	Real estate projects completed and held for sale
	Junjing I	$	1,597,816	$	1,842,556
	Gangwan		9,704		9,839
	Junjing III		1,045,730		1,284,724
	Puhua Phase I		6,668,776		7,128,395
	Puhua Phase II – West Region and New Coastal Line		6,876,492		7,643,245
	Real estate completed and held for sale		16,198,518		17,908,759
	Real estate projects held for development
	Puhua Phase II (East Region), III and IV		98,901,621		92,388,308
	Park Plaza		62,169,530		72,536,513
	Golden Bay		146,703,690		77,997,482
	Jiyuan		23,710,786		21,835,276
	Housing project to be sold to employees		13,289,551		140,410
	Other		6,935,174		6,489,165
	Construction Materials		179,318		178,899
	Real estate held for development		351,889,670		271,566,053
	Total real estate held for development or sale	$	368,088,188	$	289,474,812

Accounts_Receivable_Tables

Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2014
Accounts Receivable [Abstract]	'
Schedule of Accounts Receivable	'
	Accounts receivable consist of the following as at September 30, 2014 and December 31, 2013:
		September 30,			December 31,
		2014			2013
	Accounts receivable	$	36,818,113		$	41,753,380
	Allowance for doubtful accounts		(586,219	)		(594,382	)
	Accounts receivable, net	$	36,231,894		$	41,158,998

Other_Receivables_Prepaid_Expe1

Other Receivables, Prepaid Expenses and Other Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Other Receivables, Prepaid Expenses and Other Assets [Abstract]	'
Schedule of Other Receivables, Prepaid Expenses and Other Assets	'
	Other receivables, prepaid expenses and other assets consist of the following as at September 30, 2014 and December 31, 2013:
				September 30,		December 31,
				2014		2013
	Government reimbursement for Tangdu project (a)			$	-	$	208,159
	Interest receivable (b)				6,517,099		3,279,886
	Other receivables (c)				3,715,060		2,524,387
	Allowance for doubtful receivables				-147,940		-150,000
	Prepaid expenses				652,465		1,280,996
	Prepaid other tax expenses				91,640		44,725
	Other receivables, prepaid expenses and other assets, net			$	10,828,324	$	7,188,153
		(a)	The amount represents government reimbursement receivable in connection with the TangDu project land use right reacquired by the government. Additional compensation was received during the first quarter of fiscal 2014 (Note 15).
		(b)	Interest receivable represents interest income accrued on the restricted cash pledged as security for the loans obtained from Bank of Communications offshore branch, Bank of China Macau Branch, Bank of China Singapore branch and LUSO International Bank.
		(c)	Other receivable mainly represents various deposits made to government agencies and/or utility companies as security or guarantee during the project construction. The amounts will be refunded when the projects are completed.

Property_and_Equipment_Tables

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2014
Property and Equipment [Abstract]	'
Property and Equipment	'
	Property and equipment consist of the following at September 30, 2014 and December 31, 2013:
		September 30,			December 31,
		2014			2013
	Income producing properties and improvements	$	17,196,022		$	22,001,568
	Buildings and improvements		31,609,174			19,467,823
	Electronic equipment		1,091,188			1,098,233
	Vehicles		769,000			779,708
	Computer software		327,658			332,879
	Office furniture		955,635			969,933
	Total		51,948,677			44,650,144
	Accumulated depreciation		(9,453,676	)		(8,368,976	)
	Property and equipment, net	$	42,495,001		$	36,281,168

Intangible_Assets_Tables

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2014
Intangible Assets [Abstract]	'
Schedule of Intangible Assets	'
	The intangible assets consisted of the following at September 30, 2014 and December 31, 2013:
			September 30,			December 31,
			2014			2013
	Development right acquired (a)		$	52,612,992		$	53,345,648
	Land use right acquired (b)			8,881,614			8,878,924
	Construction license acquired (c)			1,226,486			1,243,565
				62,721,092			63,468,137
	Accumulated amortization			(38,512,355	)		(21,014,664	)
	Intangible assets, net		$	24,208,737		$	42,453,473
		(a)	The development right for 487 acres of land in Baqiao Park was obtained from the acquisition of New Land in fiscal 2007. The intangible asset has a finite life. The development right will expire on June 30, 2016.
			The Company acquired the land use right for the remaining parcel of Golden Bay project and recorded amortization of $12,553,872 during the first quarter of 2014 and capitalized this amount in the real estate held for development or sale. The Company acquired the land use right for the Company's head office and certain future resident project and recorded amortization of $5,222,987 during the second quarter of 2014. $2,121,055 was capitalized in the Company's buildings and improvements and $3,101,932 in the real estate held for development or sale. There was no amortization on development right during the first three quarters of fiscal 2013.
			The $12,553,872 amortization recorded in the first quarter of 2014 was calculated by multiplying the $33,092,754 remaining carrying value of the development right immediately before this amortization by 37.94%, the percentage of profit expected to be realized from acquiring the land use right through the utilization of the development right over the total expected profit from acquiring land use rights through the utilization of the development right.
			The $5,222,987 amortization recorded in the second quarter of 2014 was calculated by multiplying the $20,977,221 remaining carrying value of the development right immediately before this amortization by 24.90%, the percentage of profit expected to be realized from acquiring the land use right through the utilization of the development right over the total expected profit from acquiring land use rights through the utilization of the development right.
			Upon the acquisition of Puhua's land use right in 2009, the Company recorded $4,665,592 of amortization on the development right and capitalized the amount in the real estate held for development or sale. The capitalized amortization amount is expensed as part of the cost of real estate sales as Puhua recognizes its real estate sales revenues under the percentage of completion method. During the three and nine months ended September 30, 2014, $80,336 and $374,363 (September 30, 2013 - $56,505 and $424,880) of amortized development right capitalized in the Puhua project were expensed through cost of real estate sales, respectively.
		(b)	The land use right was acquired through the acquisition of Suodi. The land use right certificate will expire in November 2048. The Company amortizes the land use right over 39 years starting from the date of acquisition. For the three and nine months ended September 30, 2014, the Company has recorded $55,901 and $167,665, respectively, of amortization expense on the land use rights (September 30, 2013 - $56,253 and $167,609). The amortization was included in selling, general and administrative expenses. For the next five years, the Company will amortize approximately $220,000 annually on the land use right.
		(c)	The construction license was acquired through the acquisition of Xinxing Construction. The construction license, which is subject to renewal every 5 years, is not amortized and has an indefinite estimated useful life because management believes it will be able to continuously renew the license in future years. The license is subject to renewal on January 1, 2016.

Accrued_Expenses_Tables

Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2014
Accrued Expenses [Abstract]	'
Schedule of Accrued Expenses	'
		September 30,		December 31,
		2014		2013
	Accrued expenses	$	11,357,420	$	14,071,352
	Accrued interest on loans		3,474,393		3,368,189
	Total	$	14,831,813	$	17,439,541

Loans_from_Employees_Tables

Loans from Employees (Tables)	9 Months Ended
	Sep. 30, 2014
Loans from Employees [Abstract]	'
Schedule of Loans from Executives	'
	Included in these loans are loans from the Company's executives:
		September 30,		December 31,
		2014		2013
	President	$	505,050	$	-
	Chief financial officer		1,303,356		660,753
	Chief operating officer		1,436,950		1,220,741
	Total	$	3,245,356	$	1,881,494

Loans_Payable_Tables

Loans Payable (Tables)	9 Months Ended
	Sep. 30, 2014
Loans Payable [Abstract]	'
Summary of Loans Payable	'
		September 30,		December 31,
		2014		2013
	Construction Bank of China
	Annual interest is 105% of People's Bank of China prime rate (6.15%). The loan is secured by the Park Plaza Phase I project and land use right. The repayment schedule is as follows: November 30, 2014 - $3,258,390 (RMB 20 million); May 30, 2015 - $6,516,781 (RMB 40 million); November 30, 2015 - $9,775,171 (RMB 60 million), May 30, 2016 - $1,629,195 (RMB 10 million). The loan is also subject to certain repayment requirements based on percentage of sales contracts signed over total estimated sales amount of Park Plaza Phase I.	$	21,179,537	$	28,907,941
	Bank of China, Macau Branch
	Originally due on December 16, 2013 and extended to December 16, 2015, annual interest is based on 3-month LIBOR rate plus 2.5%. The 3-month LIBOR rate on September 30, 2014 was 0.2343% (December 31, 2013 - 0.2442%), secured by $32,583,904 (RMB 200 million) of restricted cash. The loan is also subject to a 1.3 % service fee per annum.		31,000,000		31,000,000
	Bank of Communication Offshore Branch (Loan 1)
	Due on November 13, 2015, annual interest rate is 2.9%, secured by $36,656,891 (RMB 225 million) of restricted cash.		30,000,000		30,000,000
	Bank of China, Singapore Branch
	Due on November 22, 2014, annual interest is based on 3-month LIBOR rate plus 1.55%. The 3-month LIBOR rate on September 30, 2014 was 0.2343% (December 31, 2013 - 0.2442%), secured by $32,583,904 (RMB 200 million) of restricted cash. The loan is also subject to a 1.8 % service fee per annum.		31,800,000		31,800,000
	LUSO International Bank		7,761,152		7,761,153
	The Company signed an agreement for a line of credit of $9.7 million with LUSO International Bank. The amount that can be withdrawn is limited to 97% of the restricted cash secured for the line of credit. The total amount will be due on March 27, 2015. As of September 30, 2014, the Company has drawn $7,761,152 from the line of $9.7 million which is 95.3% of $ 8,145,976 (RMB 50 million) restricted cash secured. Annual interest is based on the 12-month LIBOR rate plus 2.7%. The 12-month LIBOR rate on September 30, 2014 was 0.5771% (December 31, 2013- 0. 5795%).
	Xi'an Xinxing Days Hotel & Suites Co., Ltd. (“Days Hotel”) (Note 19)
	There are several loans from Days Hotel, including: $3,421,309 (RMB 21 million) due on October 20, 2014; $1,140,437 (RMB 7 million) due on October 31, 2014; $7,983,056 (RMB 49 million) due on December 31, 2014; $244,379 due on January 17, 2015 (RMB 1.5 million); $651,678 (RMB 4 million) due on February 19, 2015; $488,759 (RMB 3 million) due on March 6, 2015; $391,007 (RMB 2.4 million) due on March 10, 2015; $162,920 (RMB 1 million) due on March 16, 2015; $651,678 (RMB 4 million) due on March 19, 2015; $162,920 (RMB 1 million) due on April 1, 2015; $325,839 (RMB 2 million) due on April 30, 2015; and $8,145,976 (RMB 50 million) due on May 13, 2015. $22,792,441 (RMB 139.9 million) of the balance has an annual interest rate of 20%, and the new loans acquired in the third quarter totaling $977,517 (RMB 6 million) have an annual interest rate of 15%.		23,769,958		19,905,182
	Shanghai XinYing Fund, LLC (“XinYing”)
	Originally due on August 7, 2014, annual interest is 9.6% and the effective annual interest rate is 27.16% due to related finance consulting fees, secured by 100% ownership of Xinxing Construction's shares, corporate guarantee from Tsining, Puhua, and the Company. The repayment terms of the loan have been extended to: $1,629,195 (RMB 10 million) due on December 1, 2014; $2,443,793 (RMB 15 million) due on June 1, 2015; $15,477,354 (RMB 95 million) due on August 7, 2015 with revised consulting fees (Note 18). The revision in terms of the loan is accounted for as an extinguishment of the loan and $2,071,672 is recognized as a gain on extinguishment of loan on the consolidated statement of income (loss). The new loan has annual interest rate of 9.6 % and an effective interest rate of 23.65%.		19,550,342		21,474,470
	Shenzhen Qianhai Dinghui Equity Investment Fund Partnership (“Dinghui”)
	On March 22, 2013, the Company received $40,729,879 (RMB 250 million) from Dinghui to fund the acquisition of the land use rights for the Company's Golden Bay project and/or other construction. The loan is due on March 21, 2015 with an annual interest rate of 20%.		57,021,831		41,297,058
	In March 2014, the Company borrowed an additional $16,291,952 (RMB 100 million). The loan will be used to acquire the land use right for the Company's head quarters. The loan is due in March 2015 with an annual effective interest rate of 20%.
	In connection with these loans, the Company transferred 49% of Fangzhou's common shares to Dinghui in December 2012 as security for the loan. Dinghui will not participate in the decision making, operation and profit/loss sharing of Fangzhou. Once the land use right is obtained, the Company will use the land use right as a pledge for the loan and Dinghui will revert the transferred common shares of Fangzhou back to the Company. Since Golden Bay's land use rights were acquired during the first quarter of 2014, the Company and Dinghui are in the process of reverting the transferred common shares of Fangzhou back to the Company. The loans are also guaranteed by the Company and the Company's President.
	Bank of Communications
	Annual interest is 120% of the People's Bank of China prime rate (6.15%). The loan is secured by a portion of the Puhua Phase III project and land use right. The repayment schedule is as follows: December 20, 2014 - $3,258,390 (RMB 20 million); June 20, 2015 - $8,145,976 (RMB 50 million); and December 20, 2015 - $16,291,952 (RMB 100 million).		27,696,318		33,037,646
	Bank of Xi'an, Weilai Branch		19,550,342		29,733,882
	Annual interest is 130% of the People's Bank of China prime rate (6.15%). The loan is secured by a portion of the Puhua Phase II project and land use right. The repayment schedule is as follows: December 21, 2014 - $8,145,976 (RMB 50 million); April 24, 2015 - $11,404,366 (RMB 70 million). The loan is also subject to certain repayment requirements based on percentage of sales contracts signed over total estimated sales amounts of Puhua Phase II.
	Bank of Communication Offshore Branch (Loan 2)		22,500,000		-
	Due on March 17, 2016, annual interest is based on 6-month LIBOR rate plus 2.8% and the loan is also subject to a 0.7% financing fee. The effective annual interest rate is 3.730% and the 6-month LIBOR rate on September 30, 2014 was 0.3283% (December 31, 2013 - 0.2442%). The loan is specifically for the retirement of the $31 million Bank of China, Singapore Branch loan. The use of the funds, including the short term investment purchased (Note 5), is restricted by the bank until the funds are used to repay the intended loan.
	Bank of Communications		11,404,366		-
	Annual interest is 130% of the People's Bank of China prime rate (6.15%). The loan is secured by a portion of the Puhua Phase IV project and land use right. The repayment schedule is as follows: June 20, 2015 - $1,629,195 (RMB 10 million); December 20, 2015 - $1,629,195 (RMB 10 million); June 20, 2016 - $4,072,988 (RMB 25 million); December 20, 2016 - $4,072,988 (RMB 25 million).
	Total	$	303,233,847	$	274,917,332
Schedule of Repayments of Debt	'
	The principal repayment requirements over the following 2 years are as follows:
	Due in 1 year	$	193,666,725
	1 – 2 years		109,567,122
	Total	$	303,233,847

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2014
Shareholders' Equity [Abstract]	'
Schedule of Weighted Average Information for Stock Options	'
	The following summarizes the weighted-average information about the outstanding stock options as at September 30, 2014:
	Outstanding Stock Options
	Exercise				Number		Average Remaining
	Price						Contractual Life
	$	1.39				491,103	6.71 years
Schedule of Stock-Based Compensation Assumptions	'
	The 1,227,755 stock options granted on June 13, 2011 have an estimated fair value of $1,316,911 for an average value of $1.04 to $1.10 per stock option using the CRR option pricing model with the following key assumptions:
			June 13, 2011
	Expected life			5.5-6.5 years
	Expected volatility			95%
	Risk-free interest rate			1.74% -2.1%
	Dividend yield			0%

Other_Revenue_Tables

Other Revenue (Tables)	9 Months Ended
	Sep. 30, 2014
Other Revenue [Abstract]	'
Other Revenue	'
		For the three months ended				For the nine months ended
		September 30,		September 30,		September 30,		September 30,
		2014		2013		2014		2013
	Interest income	$	1,139,755	$	1,185,491	$	3,343,305	$	4,090,313
	Rental income		228,573		225,036		714,865		667,534
	Income from property management services		889,648		912,247		3,272,697		2,734,441
	External construction contracts		2,428,694		1,448,263		5,839,748		14,355,558
	Additional compensation received in connection with TangDu project		-		-		612,912		-
	Miscellaneous income		206,919		17,397		600,089		36,185
	Total	$	4,893,589	$	3,788,434	$	14,383,616	$	21,884,031

Segment_Reporting_Tables

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2014
Segment Reporting [Abstract]	'
Financial Information with Respect to Reportable Segments and Reconciliation to Amounts Reported in Consolidated Financial Statements	'
	Financial information with respect to the reportable segments and reconciliation to the amounts reported in the Company's unaudited interim condensed consolidated financial statements during the three and nine months ended September 30, 2014 and 2013 are as follows:
	For the three months ended September 30, 2014:
			Real Estate								Adjustments
			Development								and
			and Sales			Construction		All Other			Eliminations				Consolidated
	Revenues from external customers		$	22,816,765		$	2,428,694	$	1,087,728		$	-			$	26,333,187
	Intersegment revenues			-			7,808,601		-			(7,808,601	)(1)			-
	Rental from external customers			206,819			21,755		-			-				228,574
	Miscellaneous income (mainly interest income)			1,147,982			-		611			-				1,148,593
	Total revenue		$	24,171,566		$	10,259,050	$	1,088,339		$	(7,808,601	)		$	27,710,354
	Financing expense		$	1,322,147		$	15,683	$	4,540		$	-			$	1,342,370
	Segment profit (loss) before taxes		$	2,152,336		$	145,519	$	343,583		$	(67,447	)(1)		$	2,573,991
	Total assets		$	724,309,706		$	96,880,152	$	146,804,763		$	(320,996,091	)(2)		$	646,998,530
	For the nine months ended September 30, 2014:
			Real Estate			Construction		All Other			Adjustments				Consolidated
			Development								and Elimination
			and Sales
	Revenues from external customers		$	79,436,412		$	5,839,749	$	3,596,459		$	-			$	88,872,620
	Intersegment revenues			-			31,537,760		-			(31,537,760	)(1)			-
	Rental from external customers			649,617			65,249		-			-				714,866
	Other miscellaneous income (Interest and Gain from Property and Equipment)			4,077,131			-		155,411			-				4,232,542
	Total revenue		$	84,163,160		$	37,442,758	$	3,751,870		$	(31,537,760	)		$	93,820,028
	Financing expense		$	3,637,800		$	28,130	$	10,822		$	-			$	3,676,752
	Segment (loss) profit before taxes		$	(5,393,911	)	$	709,913	$	307,365		$	(464,543	)(1)		$	(4,841,176	)
	For the three months ended September 30, 2013:
			Real Estate			Construction		All Other			Adjustments			Consolidated
			Development								and Elimination
			and Sales
	Revenues from external customers		$	21,042,396		$	1,448,263	$	912,247		$	-		$	23,402,906
	Intersegment revenues			-			14,114,629		-			(14,114,629	)(1)		-
	Rental from external customers			203,145			21,892		-			-			225,037
	Other miscellaneous income
	(Interest and Gain from Property and Equipment)			1,184,211			-		18,676			-			1,202,887
	Total Revenue		$	22,429,752			15,584,784	$	930,923		$	(14,114,629	)		24,830,830
	Financing expense			1,759,094			-		3,630			-			1,762,724
	Segment (loss) profit before taxes			(1,174,784	)		234,810		690,416			(415,520	)(1)		(665,078	)
	Total assets		$	744,470,197		$	88,504,337	$	191,316,524		$	(417,279,354	)(2)	$	607,011,704
	For the nine months ended September 30, 2013:
			Real Estate			Construction		All Other			Adjustments				Consolidated
			Development								and Elimination
			and Sales
	Revenues from external customers		$	112,091,843		$	14,355,558	$	2,734,441		$	-			$	129,181,842
	Intersegment revenues			-			28,553,773		-			(28,553,773	)(1)			-
	Rental from external customers			600,696			66,839		-			-				667,535
	Other miscellaneous income
	(Interest and Gain from Property and Equipment)			4,099,678			-		26,819			-				4,126,497
	Total Revenue		$	116,792,217		$	42,976,170	$	2,761,260		$	(28,553,773	)		$	133,975,874
	Financing expense		$	5,996,720		$	12,869	$	7,015		$	-			$	6,016,604
	Segment profit (loss) before taxes		$	11,172,938		$	1,611,010	$	(264,266	)	$	(713,340	)(1)		$	11,806,342
		-1	These represent revenues earned from construction service performed by Xinxing Construction for the Real Estate Development and Sales segment and its profits. They are eliminated upon consolidation.
		-2	The adjustment represent long-term investments in subsidiaries and inter-subsidiary balances eliminated upon consolidation

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies [Abstract]	'
Future Payments Required under Various Agreements	'
	All future payments required under the various agreements are summarized below:
		Payment due by period
	Commitments and			After
	Contingencies	Total		1 year		1-2 years		2-3 years		3-4 years		4-5 years		5 years
	Consulting fees	$	1,739,546	$	1,739,546	$	-	$	-	$	-	$	-	$	-
	Land use rights		16,291,952		16,291,952				-		-		-		-
	Total	$	18,031,498	$	18,031,498	$	-	$	-	$	-	$	-	$	-

Basis_of_Presentation_and_Summ3

Basis of Presentation and Summary of Significant Accounting Policies (Schedule of Foreign Exchange Rates) (Details)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013
Business, Organization and Basis of Presentation [Abstract]	'	'	'
Period end RMB/U.S. Dollar exchange rate	6.138	6.0537	6.12
Average RMB/U.S. Dollar exchange rate	6.1636	6.1481	6.1251

Supplemental_Disclosure_of_Cas1

Supplemental Disclosure of Cash Flow Information (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Supplemental Disclosure of Cash Flow Information [Abstract]	'	'
Income taxes paid	$803,028	$1,885,166
Interest paid	$23,836,394	$29,462,325

Restricted_Cash_Details

Restricted Cash (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Cash - restricted	$113,112,130	$117,534,900
Banks' security requirement in providing mortgage to home buyers [Member]	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Cash - restricted	2,560,727	5,622,246
Guaranteed deposits for loans with foreign banks [Member]	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Cash - restricted	110,426,849	111,502,057
Government regulatory fees [Member]	'	'
Restricted Cash and Cash Equivalents Items [Line Items]	'	'
Cash - restricted	$124,554	$410,597

ShortTerm_Investment_for_Tradi1

Short-Term Investment for Trading (Details) (USD $)	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Loans Payable to Bank	$303,233,847	$274,917,332
Bank of Communication, Offshore Branch [Member]	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Loans Payable to Bank	22,500,000	'
Bank of China, Singapore Branch [Member]	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Loans Payable to Bank	31,800,000	31,800,000
Floating Rate Certificate Deposit [Member]	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Investment purchased	$22,070,271	'
Term of investment	'5 years	'
Floating rate basis	'	'
	3 month London interbank offered rate ("LIBOR")
Basis spread (as a percent)	3.00%	'

Real_Estate_Held_for_Developme2

Real Estate Held for Development or Sale (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Real Estate Properties [Line Items]	'	'
Real estate projects completed and held for sale	$16,198,518	$17,908,759
Real estate projects held for development	351,889,670	271,566,053
Total real estate held for development or sale	368,088,188	289,474,812
Junjing I Project [Member]	'	'
Real Estate Properties [Line Items]	'	'
Real estate projects completed and held for sale	1,597,816	1,842,556
Gangwan Project [Member]	'	'
Real Estate Properties [Line Items]	'	'
Real estate projects completed and held for sale	9,704	9,839
JunJing III Project [Member]	'	'
Real Estate Properties [Line Items]	'	'
Real estate projects completed and held for sale	1,045,730	1,284,724
Puhua Phase I [Member]	'	'
Real Estate Properties [Line Items]	'	'
Real estate projects completed and held for sale	6,668,776	7,128,395
Pahua Phase II [Member]	'	'
Real Estate Properties [Line Items]	'	'
Real estate projects completed and held for sale	6,876,492	7,643,245
Puhua Phase II, III and IV [Member]	'	'
Real Estate Properties [Line Items]	'	'
Real estate projects held for development	98,901,621	92,388,308
Park Plaza Project [Member]	'	'
Real Estate Properties [Line Items]	'	'
Real estate projects held for development	62,169,530	72,536,513
Golden Bay Project [Member]	'	'
Real Estate Properties [Line Items]	'	'
Real estate projects held for development	146,703,690	77,997,482
Jiyuan Project [Member]	'	'
Real Estate Properties [Line Items]	'	'
Real estate projects held for development	23,710,786	21,835,276
Housing Project to Be Sold to Employees [Member]	'	'
Real Estate Properties [Line Items]	'	'
Real estate projects held for development	13,289,551	140,410
Other Projects [Member]	'	'
Real Estate Properties [Line Items]	'	'
Real estate projects held for development	6,935,174	6,489,165
Constructions Materials [Member]	'	'
Real Estate Properties [Line Items]	'	'
Real estate projects held for development	$179,318	$178,899

Accounts_Receivable_Details

Accounts Receivable (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Accounts Receivable [Abstract]	'	'
Accounts receivable	$36,818,113	$41,753,380
Allowance for doubtful accounts	-586,219	-594,382
Accounts receivable, net	$36,231,894	$41,158,998

Other_Receivables_Prepaid_Expe2

Other Receivables, Prepaid Expenses and Other Assets (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
Other Receivables, Prepaid Expenses and Other Assets [Abstract]	'		'
Government reimbursement for Tangdu project	'	[1]	$208,159	[1]
Interest receivable	6,517,099	[2]	3,279,886	[2]
Other receivables	3,715,060	[3]	2,524,387	[3]
Allowance for doubtful receivables	-147,940		-150,000
Prepaid expenses	652,465		1,280,996
Prepaid other tax expenses	91,640		44,725
Other receivables, prepaid expenses and other assets, net	$10,828,324		$7,188,153
[1]	The amount represents government reimbursement receivable in connection with the TangDu project land use right reacquired by the government. Additional compensation was received during the first quarter of fiscal 2014 (Note 15).
[2]	Interest receivable represents interest income accrued on the restricted cash pledged as security for the loans obtained from Bank of Communications offshore branch, Bank of China Macau Branch, Bank of China Singapore branch and LUSO International Bank.
[3]	Other receivable mainly represents various deposits made to government agencies and/or utility companies as security or guarantee during the project construction. The amounts will be refunded when the projects are completed.

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total	$51,948,677	'	$51,948,677	'	$44,650,144
Accumulated depreciation	-9,453,676	'	-9,453,676	'	-8,368,976
Property and equipment, net	42,495,001	'	42,495,001	'	36,281,168
Depreciation expense	641,141	632,679	1,836,084	1,940,103	'
Income producing properties and improvements [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total	17,196,022	'	17,196,022	'	22,001,568
Buildings and improvements [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total	31,609,174	'	31,609,174	'	19,467,823
Electronic equipment [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total	1,091,188	'	1,091,188	'	1,098,233
Vehicles [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total	769,000	'	769,000	'	779,708
Computer software [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total	327,658	'	327,658	'	332,879
Office furniture [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Total	$955,635	'	$955,635	'	$969,933

Intangible_Assets_Schedule_of_

Intangible Assets (Schedule of Intangible Assets) (Details) (USD $)	Sep. 30, 2014		Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]	'		'
Intangible assets, gross	$62,721,092		$63,468,137
Accumulated amortization	-38,512,355		-21,014,664
Intangible asset, net	24,208,737		42,453,473
Development right acquired [Member]	'		'
Finite-Lived Intangible Assets [Line Items]	'		'
Intangible assets, gross	52,612,992	[1]	53,345,648	[1]
Land Use Rights Acquired [Member]	'		'
Finite-Lived Intangible Assets [Line Items]	'		'
Intangible assets, gross	8,881,614	[2]	8,878,924	[2]
Construction License Acquired [Member]	'		'
Finite-Lived Intangible Assets [Line Items]	'		'
Intangible assets, gross	$1,226,486	[3]	$1,243,565	[3]
[1]	The development right for 487 acres of land in Baqiao Park was obtained from the acquisition of New Land in fiscal 2007. The intangible asset has a finite life. The development right will expire on June 30, 2016. The Company acquired the land use right for the remaining parcel of Golden Bay project and recorded amortization of $12,553,872 during the first quarter of 2014 and capitalized this amount in the real estate held for development or sale. The Company acquired the land use right for the Company's head office and certain future resident project and recorded amortization of $5,222,987 during the second quarter of 2014. $2,121,055 was capitalized in the Company's buildings and improvements and $3,101,932 in the real estate held for development or sale. There was no amortization on development right during the first three quarters of fiscal 2013. The $12,553,872 amortization recorded in the first quarter of 2014 was calculated by multiplying the $33,092,754 remaining carrying value of the development right immediately before this amortization by 37.94%, the percentage of profit expected to be realized from acquiring the land use right through the utilization of the development right over the total expected profit from acquiring land use rights through the utilization of the development right. The $5,222,987 amortization recorded in the second quarter of 2014 was calculated by multiplying the $20,977,221 remaining carrying value of the development right immediately before this amortization by 24.90%, the percentage of profit expected to be realized from acquiring the land use right through the utilization of the development right over the total expected profit from acquiring land use rights through the utilization of the development right. Upon the acquisition of Puhua's land use right in 2009, the Company recorded $4,665,592 of amortization on the development right and capitalized the amount in the real estate held for development or sale. The capitalized amortization amount is expensed as part of the cost of real estate sales as Puhua recognizes its real estate sales revenues under the percentage of completion method. During the three and nine months ended September 30, 2014, $80,336 and $374,363 (September 30, 2013 - $56,505 and $424,880) of amortized development right capitalized in the Puhua project were expensed through cost of real estate sales, respectively.
[2]	The land use right was acquired through the acquisition of Suodi. The land use right certificate will expire in November 2048. The Company amortizes the land use right over 39 years starting from the date of acquisition. For the three and nine months ended September 30, 2014, the Company has recorded $55,901 and $167,665, respectively, of amortization expense on the land use rights (September 30, 2013 - $56,253 and $167,609). The amortization was included in selling, general and administrative expenses. For the next five years, the Company will amortize approximately $220,000 annually on the land use right.
[3]	The construction license was acquired through the acquisition of Xinxing Construction. The construction license, which is subject to renewal every 5 years, is not amortized and has an indefinite estimated useful life because management believes it will be able to continuously renew the license in future years. The license is subject to renewal on January 1, 2016.

Intangible_Assets_Narrative_De

Intangible Assets (Narrative) (Details) (USD $)

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2009

Sep. 30, 2014

Jun. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Sep. 30, 2014

Sep. 30, 2014

Development right acquired [Member]

Development right acquired [Member]

Development right acquired [Member]

Development right acquired [Member]

Development right acquired [Member]

Land Use Rights Acquired [Member]

Land Use Rights Acquired [Member]

Land Use Rights Acquired [Member]

Land Use Rights Acquired [Member]

Land Use Rights Acquired [Member]

Land Use Rights Acquired [Member]

Land Use Rights Acquired [Member]

New Land [Member]

Golden Bay Project [Member]

Golden Bay Project [Member]

Suodi [Member]

Xinxing Construction [Member]

Buildings and improvements [Member]

Real Estate Held for Development and Sale [Member]

acre

Schedule Of Intangible Assets Disclosure [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acres of land

'

'

'

'

'

'

'

'

'

'

'

'

'

'

487

'

'

'

'

Amortization of intangible assets

$17,944,433

$167,609

$80,336

$56,505

$374,363

$424,880

'

$55,901

'

$56,253

$167,665

$167,609

'

'

'

$5,222,987

$12,553,872

'

'

Remaining carrying value of the development right immediately before 2013

'

'

'

'

'

'

'

'

20,977,221

'

'

'

'

'

'

'

33,092,754

'

'

Percentage of profit margin realized over the total expected profit margin to be realized

'

'

'

'

'

'

'

'

24.90%

'

'

'

'

'

'

'

37.94%

'

'

Capitalized amortization upon acquisition

'

'

'

'

'

'

4,665,592

'

'

'

'

'

2,121,055

3,101,932

'

'

'

'

'

Finite-lived intangible assets, useful life (in years)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'39 years

'

Year 1

'

'

'

'

'

'

'

220,000

'

'

220,000

'

'

'

'

'

'

'

'

Year 2

'

'

'

'

'

'

'

220,000

'

'

220,000

'

'

'

'

'

'

'

'

Year 3

'

'

'

'

'

'

'

220,000

'

'

220,000

'

'

'

'

'

'

'

'

Year 4

'

'

'

'

'

'

'

220,000

'

'

220,000

'

'

'

'

'

'

'

'

Year 5

'

'

'

'

'

'

'

$220,000

'

'

$220,000

'

'

'

'

'

'

'

'

Indefinite-lived intangible assets, frequency of renewal (in years)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

Accrued_Expenses_Details

Accrued Expenses (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Accrued Expenses [Abstract]	'	'
Accrued expenses	$11,357,420	$14,071,352
Accrued interest on loans	3,474,393	3,368,189
Total	$14,831,813	$17,439,541

Loans_from_Employees_Details

Loans from Employees (Details) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'
Loans maturity period	'6 months	'6 months
Loans payable, interest rate	15.00%	15.00%
Loans from the Company's executives	$3,245,356	$1,881,494
President [Member]	'	'
Related Party Transaction [Line Items]	'	'
Loans from the Company's executives	505,050	'
Chief Financial Officer [Member]	'	'
Related Party Transaction [Line Items]	'	'
Loans from the Company's executives	1,303,356	660,753
Chief Operating Officer [Member]	'	'
Related Party Transaction [Line Items]	'	'
Loans from the Company's executives	$1,436,950	$1,220,741

Loans_Payable_Narrative_Detail

Loans Payable (Narrative) (Details)

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

USD ($)

USD ($)

Bank of Communication, Offshore Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of China, Macau Branch [Member]

Bank of China, Macau Branch [Member]

Bank of China, Macau Branch [Member]

Bank of China, Singapore Branch [Member]

Bank of China, Singapore Branch [Member]

Bank of China, Singapore Branch [Member]

LUSO International Bank [Member]

LUSO International Bank [Member]

LUSO International Bank [Member]

USD ($)

Loans Payable One [Member]

Loans Payable One [Member]

Loans Payable One [Member]

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Real estate held for development or sale used as security for bank loans

$137,104,723

$151,078,309

'

'

'

'

'

'

'

'

'

'

'

'

'

Bank loans, amount of restricted cash used to secure debt

'

'

'

36,656,891

225,000,000

'

32,583,904

200,000,000

'

32,583,904

200,000,000

'

8,145,976

50,000,000

'

Loans payable, weighted average interest rate

8.98%

8.70%

'

'

'

'

'

'

'

'

'

'

'

'

'

Loans payable

$303,233,847

$274,917,332

$22,500,000

$30,000,000

'

$30,000,000

$31,000,000

'

$31,000,000

$31,800,000

'

$31,800,000

$7,761,152

'

$7,761,153

Loans_Payable_Summary_Of_Loans

Loans Payable (Summary Of Loans Payable) (Details)

9 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

USD ($)

USD ($)

USD ($)

Construction Bank Of China Two [Member]

Construction Bank Of China Two [Member]

Bank of China, Macau Branch [Member]

Bank of China, Macau Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of China, Singapore Branch [Member]

Bank of China, Singapore Branch [Member]

LUSO International Bank [Member]

LUSO International Bank [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Shanghai XinYing Fund LLC [Member]

Shanghai XinYing Fund LLC [Member]

Shenzhen Qianhai Dinghui Equity Investment Fund Partnership [Member]

Shenzhen Qianhai Dinghui Equity Investment Fund Partnership [Member]

Shenzhen Qianhai Dinghui Equity Investment Fund Partnership [Member]

Bank Of Communications [Member]

Bank Of Communications [Member]

Bank of Xi'an, Weilai Branch [Member]

Bank of Xi'an, Weilai Branch [Member]

Bank Of Communications Two [Member]

Bank Of Communications Two [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Loan Payable One [Member]

Loan Payable One [Member]

Loan Payable Two [Member]

Loan Payable Two [Member]

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

CNY

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Bank loans payable

$303,233,847

'

$274,917,332

$21,179,537

$28,907,941

$31,000,000

$31,000,000

$22,500,000

$30,000,000

$30,000,000

$22,500,000

'

$31,800,000

$31,800,000

$7,761,152

$7,761,153

$23,769,958

$19,905,182

$19,550,342

$21,474,470

$57,021,831

$41,297,058

250,000,000

$27,696,318

$33,037,646

$19,550,342

$29,733,882

$11,404,366

'

Gain on extinguishment of loan

$29,930,693

$40,142,194

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,071,672

'

'

'

'

'

'

'

'

'

'

Loans_Payable_Summary_Of_Loans1

Loans Payable (Summary Of Loans Payable) (Parenthetical) (Details)

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

USD ($)

USD ($)

Construction Bank Of China [Member]

Construction Bank Of China [Member]

Construction Bank Of China [Member]

Construction Bank Of China [Member]

Construction Bank Of China [Member]

Construction Bank Of China [Member]

Construction Bank Of China [Member]

Construction Bank Of China [Member]

Construction Bank Of China [Member]

Construction Bank Of China [Member]

Bank of China, Macau Branch [Member]

Bank of China, Macau Branch [Member]

Bank of China, Macau Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of Communication, Offshore Branch [Member]

Bank of China, Singapore Branch [Member]

Bank of China, Singapore Branch [Member]

Bank of China, Singapore Branch [Member]

LUSO International Bank [Member]

LUSO International Bank [Member]

LUSO International Bank [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Xi'an Xinxing Days Hotel and Suites [Member]

Shanghai XinYing Fund LLC [Member]

Shanghai XinYing Fund LLC [Member]

Shanghai XinYing Fund LLC [Member]

Shanghai XinYing Fund LLC [Member]

Shanghai XinYing Fund LLC [Member]

Shanghai XinYing Fund LLC [Member]

Shanghai XinYing Fund LLC [Member]

Shanghai XinYing Fund LLC [Member]

Shenzhen Qianhai Dinghui Equity Investment Fund Partnership [Member]

Shenzhen Qianhai Dinghui Equity Investment Fund Partnership [Member]

Shenzhen Qianhai Dinghui Equity Investment Fund Partnership [Member]

Shenzhen Qianhai Dinghui Equity Investment Fund Partnership Two [Member]

Shenzhen Qianhai Dinghui Equity Investment Fund Partnership Two [Member]

Bank Of Communications [Member]

Bank Of Communications [Member]

Bank Of Communications [Member]

Bank Of Communications [Member]

Bank Of Communications [Member]

Bank Of Communications [Member]

Bank Of Communications [Member]

Bank Of Communications [Member]

Bank of Xi'an, Weilai Branch [Member]

Bank of Xi'an, Weilai Branch [Member]

Bank of Xi'an, Weilai Branch [Member]

Bank of Xi'an, Weilai Branch [Member]

Bank of Xi'an, Weilai Branch [Member]

Bank of Xi'an, Weilai Branch [Member]

Bank of Xi'an, Weilai Branch [Member]

Shanghai XinYing Fund LLC Two [Member]

Bank Of Communications Two [Member]

Bank Of Communications Two [Member]

Bank Of Communications Two [Member]

Bank Of Communications Two [Member]

Bank Of Communications Two [Member]

Bank Of Communications Two [Member]

Bank Of Communications Two [Member]

Bank Of Communications Two [Member]

Bank Of Communications Two [Member]

Bank Of Communications Two [Member]

USD ($)

USD ($)

First Payment [Member]

First Payment [Member]

Second Payment [Member]

Second Payment [Member]

Third Payment [Member]

Third Payment [Member]

Fourth Payment [Member]

Fourth Payment [Member]

USD ($)

CNY

USD ($)

USD ($)

Loan Payable One [Member]

Loan Payable One [Member]

Loan Payable One [Member]

Loan Payable Two [Member]

Loan Payable Two [Member]

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

USD ($)

USD ($)

First Payment [Member]

First Payment [Member]

Second Payment [Member]

Second Payment [Member]

Third Payment [Member]

Third Payment [Member]

Fourth Payment [Member]

Fourth Payment [Member]

Fifth Payment [Member]

Fifth Payment [Member]

Sixth Payment [Member]

Sixth Payment [Member]

Seventh Payment [Member]

Seventh Payment [Member]

Eighth Payment [Member]

Eighth Payment [Member]

Ninth Payment [Member]

Ninth Payment [Member]

Tenth Payment [Member]

Tenth Payment [Member]

Eleventh Payment [Member]

Eleventh Payment [Member]

Twelveth Payment [Member]

Twelveth Payment [Member]

Days Hotel Loan One [Member]

Days Hotel Loan One [Member]

Days Hotel Loan Two [Member]

Days Hotel Loan Two [Member]

Days Hotel Loan Three [Member]

Days Hotel Loan Four [Member]

Days Hotel Loan Five [Member]

Days Hotel Loan Six [Member]

Days Hotel Loan Seven [Member]

Days Hotel Loan Eight [Member]

Days Hotel Loan Nine [Member]

USD ($)

USD ($)

First Payment [Member]

First Payment [Member]

Second Payment [Member]

Second Payment [Member]

Third Payment [Member]

Third Payment [Member]

USD ($)

USD ($)

CNY

USD ($)

CNY

USD ($)

USD ($)

First Payment [Member]

First Payment [Member]

Second Payment [Member]

Second Payment [Member]

Third Payment [Member]

Third Payment [Member]

USD ($)

USD ($)

First Payment [Member]

Second Payment [Member]

Second Payment [Member]

Third Payment [Member]

Third Payment [Member]

USD ($)

USD ($)

First Payment [Member]

First Payment [Member]

Second Payment [Member]

Second Payment [Member]

Third Payment [Member]

Third Payment [Member]

Fourth Payment [Member]

Fourth Payment [Member]

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

USD ($)

USD ($)

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Bank loans, due date

'

'

'

'

'

'

'

'

'

'

'

'

16-Dec-15

16-Dec-15

'

'

13-Nov-15

13-Nov-15

'

17-Mar-16

'

22-Nov-14

22-Nov-14

'

27-Mar-15

27-Mar-15

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

31-Dec-14

31-Dec-14

20-Oct-14

20-Oct-14

13-Nov-14

17-Jan-15

6-Mar-15

10-Mar-15

19-Mar-15

31-Oct-14

30-Apr-15

'

'

'

'

'

'

'

'

21-Mar-15

'

'

31-Mar-15

31-Mar-15

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Bank loans payable

$303,233,847

$274,917,332

$21,179,537

$28,907,941

'

'

'

'

'

'

'

'

$31,000,000

'

$31,000,000

$22,500,000

$30,000,000

'

$30,000,000

$22,500,000

'

$31,800,000

'

$31,800,000

$7,761,152

'

$7,761,153

$23,769,958

$19,905,182

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$22,792,441

139,900,000

$977,517

6,000,000

'

'

'

'

'

'

'

$19,550,342

$21,474,470

'

'

'

'

'

'

$57,021,831

$41,297,058

250,000,000

$16,291,952

100,000,000

$27,696,318

$33,037,646

'

'

'

'

'

'

$19,550,342

$29,733,882

'

'

'

'

'

'

$11,404,366

'

'

'

'

'

'

'

'

'

Interest rate

15.00%

15.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.90%

2.90%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20.00%

20.00%

15.00%

15.00%

'

'

'

'

'

'

'

9.60%

'

'

'

'

'

'

'

20.00%

'

'

20.00%

20.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9.60%

'

'

'

'

'

'

'

'

'

'

Line of credit, maximum borrowing amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Bank loans, interest rate as percentage of prime rate

'

'

105.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

120.00%

'

'

'

'

'

'

'

130.00%

'

'

'

'

'

'

'

130.00%

'

'

'

'

'

'

'

'

'

Bank loans, basis spread over variable rate

'

'

'

'

'

'

'

'

'

'

'

'

2.50%

2.50%

'

'

'

'

'

2.80%

'

1.55%

1.55%

'

2.70%

2.70%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.15%

'

'

'

'

'

'

'

'

'

Financing fee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.70%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument, variable interest reference rate

'

'

'People's Bank of China prime rate

'

'

'

'

'

'

'

'

'

'LIBOR

'LIBOR

'

'

'

'

'

'LIBOR

'

'LIBOR

'LIBOR

'

'LIBOR

'LIBOR

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'People's Bank of China prime rate

'

'

'

'

'

'

'

'People's Bank of China prime rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

People's Bank of China prime rate

Effective interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.73%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

27.16%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

23.65%

'

'

'

'

'

'

'

'

'

'

Bank loans, variable rate loans, base interest rate

'

'

6.15%

'

'

'

'

'

'

'

'

'

0.23%

0.23%

0.24%

'

'

'

'

0.33%

0.24%

0.23%

0.23%

0.24%

0.58%

0.58%

0.58%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6.15%

'

'

'

'

'

'

'

6.15%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Bank loans, amount of restricted cash used to secure debt

'

'

'

'

'

'

'

'

'

'

'

'

32,583,904

200,000,000

'

'

36,656,891

225,000,000

'

'

'

32,583,904

200,000,000

'

8,145,976

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Bank loan, security

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'100% ownership of Xinxing Construction's shares

'

'

'

'

'

'

'

'49% of Fangzhou's common shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Bank loans, required payment

'

'

'

'

$3,258,390

20,000,000

$6,516,781

40,000,000

$9,775,171

60,000,000

$1,629,195

10,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$3,421,309

21,000,000

$1,140,437

7,000,000

$7,983,056

49,000,000

$244,379

1,500,000

$651,678

4,000,000

$488,759

3,000,000

$391,007

2,400,000

$162,920

1,000,000

$651,678

4,000,000

$162,920

1,000,000

$325,839

2,000,000

$8,145,976

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

$1,629,195

10,000,000

$2,443,793

15,000,000

$15,477,354

95,000,000

'

'

'

'

'

'

'

$3,258,390

20,000,000

$8,145,976

50,000,000

$16,291,952

100,000,000

'

'

'

$8,145,976

50,000,000

$11,404,366

70,000,000

'

'

'

$1,629,195

10,000,000

$1,629,195

10,000,000

$4,072,988

25,000,000

$4,072,988

25,000,000

Bank loans, payment due date

'

'

'

'

30-Nov-14

30-Nov-14

30-May-15

30-May-15

30-Nov-15

30-Nov-15

30-May-16

30-May-16

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1-Dec-14

1-Dec-14

1-Jun-15

1-Jun-15

7-Aug-15

7-Aug-15

'

'

'

'

'

'

'

20-Dec-14

20-Dec-14

20-Jun-15

20-Jun-15

20-Dec-15

20-Dec-15

'

'

21-Sep-14

21-Dec-14

21-Dec-14

24-Apr-15

24-Apr-15

'

'

'

'

'

'

'

'

'

'

'

Percentage of collateral used in determing the maximum amount available for withdrawl

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

97.00%

97.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage amount actually drawn on collateral percentage used in determing the maximum amount available for withdrawl

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

95.30%

95.30%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Secure fee per annum (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

1.30%

1.30%

'

'

'

'

'

'

'

1.80%

1.80%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loans_Payable_Schedule_of_Debt

Loans Payable (Schedule of Debt Maturities) (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Loans Payable [Abstract]	'	'
Due in 1 year	$193,666,725	'
1 - 2 years	109,567,122	'
Total loans payable	$303,233,847	$274,917,332

Shareholders_Equity_Common_Sto

Shareholders' Equity (Common Stock) (Narrative) (Details) (USD $)	3 Months Ended				0 Months Ended		3 Months Ended
	Jun. 30, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	20-May-14	27-May-13	Jun. 30, 2014
		Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]
					Directors [Member]	Directors [Member]	Directors [Member]
Stockholders' Equity Note [Line Items]	'	'	'	'	'	'	'
Common stock issued for stock-based compensation (in shares)	'	'	414,000	'	'	411,125	414,000
Common stock issued for stock-based compensation	$894,240	'	$414	'	$894,240	$900,364	'
Closing price of shares (in dollars per share)	'	'	'	'	$2.16	$2.16	'
Number of shares retired	'	47,600	448,380	966,666	'	'	'
Repurchase price over par	'	'	$520,088	$2,398,995	'	'	'

Shareholders_Equity_Stock_Opti

Shareholders' Equity (Stock Options and Stock-based compensation) (Narrative) (Details) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended
	Jun. 13, 2011	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Stockholders' Equity Note [Line Items]	'	'	'	'	'
Options outstanding	'	491,103	'	491,103	'
Stock-based compensation expense	'	'	$135,792	$1,136,304	$1,240,065
Stock Options [Member]	'	'	'	'	'
Stockholders' Equity Note [Line Items]	'	'	'	'	'
Expiration period	'	'	'	'10 years	'
Options granted	1,227,755	'	'	'	'
Options not exercisable and forfeited	'	'	'	736,652	'
Options granted, fair value	1,316,911	'	'	'	'
Stock-based compensation expense	'	'	$135,792	$242,064	$339,701
Stock Options [Member] | Minimum [Member]	'	'	'	'	'
Stockholders' Equity Note [Line Items]	'	'	'	'	'
Grant-date fair value per share	$1.04	'	'	'	'
Stock Options [Member] | Maximum [Member]	'	'	'	'	'
Stockholders' Equity Note [Line Items]	'	'	'	'	'
Grant-date fair value per share	$1.10	'	'	'	'
Stock Options [Member] | Vesting First Anniversary [Member]	'	'	'	'	'
Stockholders' Equity Note [Line Items]	'	'	'	'	'
Vesting percent	'	'	'	30.00%	'
Stock Options [Member] | Vesting Second Anniversary [Member]	'	'	'	'	'
Stockholders' Equity Note [Line Items]	'	'	'	'	'
Vesting percent	'	'	'	30.00%	'
Stock Options [Member] | Vesting Third Anniversary [Member]	'	'	'	'	'
Stockholders' Equity Note [Line Items]	'	'	'	'	'
Vesting percent	'	'	'	40.00%	'

Shareholders_Equity_Treasury_S

Shareholders' Equity (Treasury Stock) (Narrative) (Details) (USD $)	3 Months Ended			36 Months Ended	45 Months Ended
	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2014
Stockholders' Equity Note [Line Items]	'	'	'	'	'
Stock repurchase program, value of shares repurchased	'	$317,381	$318,589	'	'
Common Stock [Member]	'	'	'	'	'
Stockholders' Equity Note [Line Items]	'	'	'	'	'
Stock repurchase program, shares of common stock approved for repurchase	10,000,000	'	'	'	10,000,000
Stock repurchase program, shares repurchased	'	131,600	132,677	1,198,369	1,462,646
Shares repurchased, average price per share repurchased	'	$2.31	$2.40	'	'
Stock repurchase program, value of shares repurchased	'	317,381	318,589	'	'
Number of shares retired	47,600	'	'	'	'
Par value of treasury stock retired	$115,712	'	'	'	'

Shareholders_Equity_Schedule_o

Shareholders' Equity (Schedule of Stock Option Transactions) (Details) (USD $)	Sep. 30, 2014
Number of Stock Options Outstanding	'
Beginning Balance, Number of Stock Options Outstanding	491,103
Ending Balance, Number of Stock Options Outstanding	491,103
Weighted Average Exercise Price	'
Beginning Balance, Weighted Average Exercise Price	$1.39
Ending Balance, Weighted Average Exercise Price	$1.39

Shareholders_Equity_Weighted_A

Shareholders' Equity (Weighted Average Information on Outstanding Stock Options) (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Shareholders' Equity [Abstract]	'
Outstanding Stock Options, Exercise Price	$1.39
Outstanding Stock Options, Number	491,103
Outstanding Stock Options, Average Remaining Contractual Life	'6 years 8 months 16 days

Shareholders_Equity_Schedule_o1

Shareholders' Equity (Schedule of Warrants and Stock-based Compensation Assumptions) (Details) (Stock Options [Member])	0 Months Ended
	Jun. 13, 2011
Stockholders' Equity Note [Line Items]	'
Expected volatility	95.00%
Risk-free interest rate, minimum	1.74%
Risk-free interest rate, maximum	2.10%
Dividend yield	0.00%
Minimum [Member]	'
Stockholders' Equity Note [Line Items]	'
Expected life	'5 years 6 months
Maximum [Member]	'
Stockholders' Equity Note [Line Items]	'
Expected life	'6 years 6 months

Other_Revenue_Details

Other Revenue (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Other Revenue [Abstract]	'	'	'	'
Interest income	$1,139,755	$1,185,491	$3,343,305	$4,090,313
Rental income	228,573	225,036	714,865	667,534
Income from property management services	889,648	912,247	3,272,697	2,734,441
External construction contracts	2,428,694	1,448,263	5,839,748	14,355,558
Additional compensation received in connection with TangDu project	'	'	612,912	'
Miscellaneous income	206,919	17,397	600,089	36,185
Total	$4,893,589	$3,788,434	$14,383,616	$21,884,031

Segment_Reporting_Details

Segment Reporting (Details) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013		Dec. 31, 2013
Segment Reporting Information [Line Items]	'		'		'		'		'
Revenues from external customers	$26,333,187		$23,402,906		$88,872,620		$129,181,842		'
Intersegment revenues	'		'		'		'		'
Rental from external customers	228,574		225,037		714,866		667,535		'
Other miscellaneous income (Interest and Gain from Property, Plant and Equipment)	1,148,593		1,202,887		4,232,542		4,126,497		'
Total revenues	27,710,354		24,830,830		93,820,028		133,975,874		'
Financing expense	1,342,370		1,762,724		3,676,752		6,016,604		'
Segment (loss) profit before taxes	502,319		-665,078		-6,349,138		11,806,342		'
Total assets	646,998,530		607,011,704		646,998,530		607,011,704		619,493,087
Real Estate Development and Sales [Member]	'		'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'		'
Revenues from external customers	22,816,765		21,042,396		79,436,412		112,091,843		'
Intersegment revenues	'		'		'		'		'
Rental from external customers	206,819		203,145		649,617		600,696		'
Other miscellaneous income (Interest and Gain from Property, Plant and Equipment)	1,147,982		1,184,211		4,077,131		4,099,678		'
Total revenues	24,171,566		22,429,752		84,163,160		116,792,217		'
Financing expense	1,322,147		1,759,094		3,637,800		5,996,720		'
Segment (loss) profit before taxes	2,152,336		-1,174,784		-5,393,911		11,172,938		'
Total assets	724,309,706		744,470,197		724,309,706		744,470,197		'
Construction [Member]	'		'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'		'
Revenues from external customers	2,428,694		1,448,263		5,839,749		14,355,558		'
Intersegment revenues	7,808,601		14,114,629		31,537,760		28,553,773		'
Rental from external customers	21,755		21,892		65,249		66,839		'
Other miscellaneous income (Interest and Gain from Property, Plant and Equipment)	'		'		'		'		'
Total revenues	10,259,050		15,584,784		37,442,758		42,976,170		'
Financing expense	15,683		'		28,130		12,869		'
Segment (loss) profit before taxes	145,519		234,810		709,913		1,611,010		'
Total assets	96,880,152		88,504,337		96,880,152		88,504,337		'
All Other [Member]	'		'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'		'
Revenues from external customers	1,087,728		912,247		3,596,459		2,734,441		'
Intersegment revenues	'		'		'		'		'
Rental from external customers	'		'		'		'		'
Other miscellaneous income (Interest and Gain from Property, Plant and Equipment)	611		18,676		155,411		26,819		'
Total revenues	1,088,339		930,923		3,751,870		2,761,260		'
Financing expense	4,540		3,630		10,822		7,015		'
Segment (loss) profit before taxes	343,583		690,416		307,365		-264,266		'
Total assets	146,804,763		191,316,524		146,804,763		191,316,524		'
Adjustments and Eliminations [Member]	'		'		'		'		'
Segment Reporting Information [Line Items]	'		'		'		'		'
Revenues from external customers	'		'		'		'		'
Intersegment revenues	-7,808,601	[1]	-14,114,629	[1]	-31,537,760	[1]	-28,553,773	[1]	'
Rental from external customers	'		'		'		'		'
Other miscellaneous income (Interest and Gain from Property, Plant and Equipment)	'		'		'		'		'
Total revenues	-7,808,601		-14,114,629		-31,537,760		-28,553,773		'
Financing expense	'		'		'		'		'
Segment (loss) profit before taxes	-67,447	[1]	-415,520	[1]	-464,543	[1]	-713,340	[1]	'
Total assets	($320,996,091)	[2]	($417,279,354)	[2]	($320,996,091)	[2]	($417,279,354)	[2]	'
[1]	These represent revenues earned from construction service performed by Xinxing Construction for the Real Estate Development and Sales segment and its profits. They are eliminated upon consolidation.
[2]	The adjustment represent long-term investments in subsidiaries and inter-subsidiary balances eliminated upon consolidation

Effect_of_Change_in_Estimates_

Effect of Change in Estimates (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net Income [Member]	'	'	'	'
Change in Accounting Estimate [Line Items]	'	'	'	'
Change in estimate, description	'0	'1,637,578	'5,031,001	'383,896
Earnings Per Share Basic and Diluted [Member]	'	'	'	'
Change in Accounting Estimate [Line Items]	'	'	'	'
Change in estimate, description	'0	'	'	'
Change in estimate, financial effect	'	'	'	'
		0.05	0.15	0.011
Gross Profit [Member]	'	'	'	'
Change in Accounting Estimate [Line Items]	'	'	'	'
Change in estimate, description	'0	'	'	'
		1,637,578	5,031,001	383,896

Earnings_loss_per_Share_Detail

Earnings (loss) per Share (Details)	9 Months Ended
	Sep. 30, 2014
Earnings per Share [Abstract]	'
Dilutive effect of options on earning per share (in shares)	0

Commitments_and_Contingencies_1

Commitments and Contingencies (Narrative) (Details) (Land Use Rights Projects [Member], USD $)	Sep. 30, 2014
In Millions, unless otherwise specified
Land Use Rights Projects [Member]	'
Commitments and Contingencies Disclosure [Line Items]	'
Unpaid balance related to land use rights	$16.30

Commitments_and_Contingencies_2

Commitments and Contingencies (Schedule of Future Payments) (Details) (USD $)	Sep. 30, 2014
Contractual Obligations	'
Total	$18,031,498
After 1 year	18,031,498
1-2 years	'
2-3 years	'
3-4 years	'
4-5 years	'
5 years	'
Consulting Fees [Member]	'
Contractual Obligations	'
Total	1,739,546
After 1 year	1,739,546
1-2 years	'
2-3 years	'
3-4 years	'
4-5 years	'
5 years	'
Land Use Rights [Member]	'
Contractual Obligations	'
Total	16,291,952
After 1 year	16,291,952
2-3 years	'
3-4 years	'
4-5 years	'
5 years	'

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'	'	'	'
Due to related party	$29,780,976	'	$29,780,976	'	$25,759,453
Interest payable	3,474,393	'	3,474,393	'	3,368,189
Xi'an Xinxing Days Hotel and Suites [Member]	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Related party transactions, fees incurred	39,284	45,680	164,816	111,555	'
Due to related party	22,398	'	22,398	'	7,095
Loans payable	23,769,958	'	23,769,958	'	19,905,182
Interest expense	928,872	807,533	3,010,449	3,897,505	'
Interest payable	890,984	'	890,984	'	178,724
Shanghai XinYing Fund LLC [Member]	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Due to related party	46,390	'	46,390	'	1,684,200
Loans payable	19,550,342	'	19,550,342	'	21,474,470
Interest expense	666,069	1,228,579	3,675,247	5,225,264	'
Interest payable	$46,921	'	$46,921	'	$57,265
Executive Officer's Spouse [Member] | Xi'an Xinxing Days Hotel and Suites [Member]	'	'	'	'	'
Related Party Transaction [Line Items]	'	'	'	'	'
Percentage of ownership	37.83%	'	37.83%	'	'

Subsequent_Event_Details

Subsequent Event (Details)

9 Months Ended

0 Months Ended

1 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Nov. 13, 2014

Nov. 13, 2014

Nov. 14, 2014

Nov. 14, 2014

Nov. 14, 2014

Oct. 31, 2014

Oct. 31, 2014

USD ($)

USD ($)

Bank Of China Macau Branch [Member]

Bank Of China Macau Branch [Member]

Luso International Bank [Member]

Luso International Bank [Member]

Bank Of China Singapore Office [Member]

Bank Of China Singapore Office [Member]

Xian Xinxing Day Hotel And Suites [Member]

Xian Xinxing Day Hotel And Suites [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

USD ($)

CNY

USD ($)

CNY

USD ($)

CNY

USD ($)

USD ($)

Luso International Bank [Member]

Luso International Bank [Member]

Bank Of China Singapore Office [Member]

Bank Of China Singapore Office [Member]

Bank Of China Singapore Office [Member]

Xian Xinxing Day Hotel And Suites [Member]

Xian Xinxing Day Hotel And Suites [Member]

USD ($)

CNY

USD ($)

USD ($)

CNY

USD ($)

CNY

Subsequent Event [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Bank loans payable

'

'

'

'

'

'

'

'

$23,769,958

$19,905,182

$9,816,500

'

'

'

'

'

'

Bank loans, amount of restricted cash used to secure debt

'

'

32,583,904

200,000,000

8,145,976

50,000,000

32,583,904

200,000,000

'

'

10,122,190

62,100,000

'

32,583,904

200,000,000

'

'

Bank loans, variable rate basis

'

'

'LIBOR

'LIBOR

'LIBOR

'LIBOR

'LIBOR

'LIBOR

'

'

'

'

'

'

'

'

'

12-month

12-month

Bank loans, basis spread over variable rate

'

'

2.50%

2.50%

2.70%

2.70%

1.55%

1.55%

'

'

2.70%

2.70%

'

'

'

'

'

Debt repaid

'

'

'

'

'

'

'

'

'

'

'

'

31,800,000

'

'

'

'

Loans repaid

29,930,693

40,142,194

'

'

'

'

'

'

'

'

'

'

'

'

'

4,561,746

28,000,000

Loans from Days Hotel and Dinghui

$10,979,808

$42,985,007

'

'

'

'

'

'

'

'

'

'

'

'

'

$11,404,366

70,000,000