China Housing & Land Development 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - Jun. 30, 2015 - shares	Total
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Registrant Name	China Housing & Land Development, Inc.
Entity Central Index Key	1,303,330
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	6,960,145

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Cash	$ 6,163,180	$ 33,223,127
Cash - restricted	89,901,978	90,328,084
Accounts receivable, net of allowance for doubtful accounts of $580,450 and $579,926, respectively	17,389,120	33,041,324
Other receivables, prepaid expenses and other assets	11,172,596	9,377,150
Real estate held for development or sale	376,484,943	374,083,969
Property and equipment, net	42,234,117	43,383,002
Advance to suppliers	1,857,487	1,033,359
Deposits on land use rights	16,129,031	16,136,415
Intangible assets, net	8,784,409	23,561,951
Goodwill	$ 1,923,479	1,922,053
Deferred financing costs		438,926
Total assets	$ 572,040,340	626,529,360
LIABILITIES
Accounts payable	64,718,728	75,845,987
Advances from customers	42,135,560	35,172,506
Accrued expenses	26,076,029	21,842,922
Income taxes payable	23,679,325	24,280,260
Other taxes payable	12,102,802	9,318,119
Other payables	14,913,549	11,692,913
Loans from employees	30,763,337	29,819,381
Loans payable	255,572,814	293,660,575
Deferred tax liability	10,392,486	14,395,327
Total liabilities	480,354,630	516,027,990
SHAREHOLDERS' EQUITY
Common stock: $0.001 par value, authorized 20,000,000 shares; Issued 6,960,145 and 6,960,145, respectively	6,960	6,960
Additional paid in capital	52,511,350	52,511,350
Statutory reserves	11,700,198	11,700,198
Retained earnings	4,590,652	24,046,686
Accumulated other comprehensive income	22,876,550	22,236,176
Total shareholders' equity	91,685,710	110,501,370
Total liabilities and shareholders' equity	$ 572,040,340	$ 626,529,360

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Condensed Consolidated Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 580,356	$ 579,926
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized	20,000,000	20,000,000
Common stock, issued	6,960,145	6,960,145

Condensed Consolidated Statemen

Condensed Consolidated Statements of Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
REVENUES
Real estate sales	$ 32,045,954	$ 40,812,863	$ 52,720,450	$ 56,619,647
Other income	4,175,024	3,254,400	7,322,805	9,490,027
Total revenues	36,220,978	44,067,263	60,043,255	66,109,674
COST OF SALES
Cost of real estate sales	28,945,151	43,491,234	47,169,747	56,208,120
Cost of other revenue	2,595,234	1,392,538	4,327,866	5,401,995
Total cost of revenues	31,540,385	44,883,772	51,497,613	61,610,115
Gross margin	4,680,593	(816,509)	8,545,642	4,499,559
OPERATING EXPENSES
Selling, general, and administrative expenses	$ 3,610,712	3,876,829	$ 6,860,702	7,866,311
Stock-based compensation		1,003,464		1,136,304
Other expenses	$ 7,298	10,113	$ 13,502	14,020
Financing expense	934,063	939,852	2,006,885	2,334,382
Total operating expenses	4,552,073	$ 5,830,258	8,881,089	$ 11,351,017
Write off of real estate held for development	$ 7,345,105		$ 7,345,105
Write off of property				$ 563,710
Intangible asset impairment	$ 14,964,476		$ 14,964,476
CHANGES IN FAIR VALUE OF DERIVATIVES
Loss before provision for income taxes	(22,181,061)	$ (6,646,767)	(22,645,028)	$ (7,415,168)
Provision for income taxes	548,743	128,422	574,463	145,458
Recovery of deferred taxes	(3,752,317)	(11,148)	(3,763,456)	(22,532)
Provision for income taxes	(3,203,574)	117,274	(3,188,993)	122,926
NET LOSS	$ (18,977,487)	$ (6,764,041)	$ (19,456,035)	$ (7,538,094)
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic	6,960,145	6,899,584	6,960,145	6,912,195
Diluted	6,960,145	6,899,584	6,960,145	6,912,195
NET LOSS PER SHARE
Basic	$ (2.73)	$ (0.98)	$ (2.80)	$ (1.09)
Diluted	$ (2.73)	$ (0.98)	$ (2.80)	$ (1.09)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed Consolidated Statements of Comprehensive Loss [Abstract]
NET LOSS	$ (18,977,487)	$ (6,764,041)	$ (19,456,035)	$ (7,538,094)
OTHER COMPREHENSIVE INCOME
Gain (loss) in foreign exchange	26,209	513,398	640,374	(5,998,265)
COMPREHENSIVE LOSS	$ (18,951,278)	$ (6,250,643)	$ (18,815,661)	$ (13,536,359)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss for the period	$ (19,456,035)	$ (7,538,094)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:
Depreciation	$ 1,217,048	1,194,943
Stock-based compensation		$ 1,136,304
Write off of real estate held for development	$ 7,345,105
Write off of property		$ 563,710
Amortization of intangible assets	$ 110,796	$ 17,888,532
Intangible asset impairment	14,964,476
(Increase) decrease in assets:
Accounts receivable	15,617,483	$ 1,065,542
Other receivable, prepaid expense, and other assets	(1,774,207)	(2,712,898)
Real estate held for development or sale	(9,358,273)	(74,720,712)
Advances to suppliers	(836,137)	(905,607)
Deposit on land use right	19,243	41,899,123
Deferred finance costs	452,867	229,850
Recovery of deferred income taxes	(3,763,456)	(22,532)
Increase (decrease) in liabilities:
Accounts payable	(11,103,868)	39,088
Advances from customers	6,915,233	(208,062)
Accrued expenses	4,205,742	(510,917)
Other payables	3,196,470	2,215,782
Income and other taxes payable	2,146,689	2,177,039
Net cash provided by (used in) operating activities	9,899,176	(18,208,909)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	$ (141,108)	(8,387,891)
Purchase of short term investment		(21,537,169)
Net cash used in investing activities	$ (141,108)	(29,925,060)
CASH FLOWS FROM FINANCING ACTIVITIES:
Change in restricted cash	489,185	2,809,595
Loans from banks	1,612,071	38,586,481
Loans from external parties	47,762,454	10,006,351
Repayment on loans	(87,440,036)	(21,818,551)
Loans from employees, net	$ 919,187	5,756,562
Purchase of treasury stock		(635,970)
Net cash (used in) provided by financing activities	$ (36,657,139)	34,704,468
DECREASE IN CASH	(26,899,071)	(13,429,501)
Effects on foreign currency exchange	(160,876)	(432,904)
CASH, beginning of period	33,223,127	21,320,071
CASH, end of period	$ 6,163,180	$ 7,457,666

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Shareholders' Equity - USD ($)	Total	Common Stock [Member]	Additional Paid in Capital [Member]	Statutory Reserves [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]
Balance at Dec. 31, 2014	$ 110,501,370	$ 6,960	$ 52,511,350	$ 11,700,198	$ 24,046,686	$ 22,236,176
Balance, shares at Dec. 31, 2014		6,960,145
Net loss for the period	(478,547)				$ (478,547)
Foreign currency translation adjustment	614,165					$ 614,165
Balance at Mar. 31, 2015	110,636,988	$ 6,960	$ 52,511,350	$ 11,700,198	$ 23,568,139	22,850,341
Balance, shares at Mar. 31, 2015		6,960,145
Balance at Dec. 31, 2014	110,501,370	$ 6,960	52,511,350	11,700,198	24,046,686	22,236,176
Balance, shares at Dec. 31, 2014		6,960,145
Net loss for the period	(19,456,035)
Balance at Jun. 30, 2015	91,685,710	$ 6,960	52,511,350	11,700,198	4,590,652	22,876,550
Balance, shares at Jun. 30, 2015		6,960,145
Balance at Mar. 31, 2015	110,636,988	$ 6,960	$ 52,511,350	$ 11,700,198	23,568,139	$ 22,850,341
Balance, shares at Mar. 31, 2015		6,960,145
Net loss for the period	(18,977,487)				$ (18,977,487)
Foreign currency translation adjustment	26,209					$ 26,209
Balance at Jun. 30, 2015	$ 91,685,710	$ 6,960	$ 52,511,350	$ 11,700,198	$ 4,590,652	$ 22,876,550
Balance, shares at Jun. 30, 2015		6,960,145

Business, Organization and Basi

Business, Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2015
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. 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 (the “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 Summa

Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
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 June 30, 2015, the Company's interim condensed consolidated statements of loss and comprehensive loss for the three and six months ended June 30, 2015 and June 30, 2014, and the Company's interim condensed consolidated statements of cash flows for the six months ended June 30, 2015 and June 30, 2014. 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 31, 2015 for the year ended December 31, 2014 (“2014 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 2014 Annual Report. Accounting Principles Recently 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 Property, Plant, and Equipment Non-current Assets Held for Sale and Discontinued Operations New Accounting Pronouncement Not Yet Adopted 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 is currently assessing the impact of this new standard on its consolidated financial statements Foreign Exchange Rates Used: June 30, 2015 December 31, 2014 June 30, 2014 Period end RMB/U.S. Dollar exchange rate 6.2000 6.2046 6.2036 Average RMB/U.S. Dollar exchange rate 6.2032 6.1620 6.2311

Supplemental Disclosure of Cash

Supplemental Disclosure of Cash Flow Information	6 Months Ended
	Jun. 30, 2015
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 $ 1,183,167 772,594 13,540,705 16,744,359

Restricted Cash

Restricted Cash	6 Months Ended
	Jun. 30, 2015
Restricted Cash [Abstract]
Restricted Cash	Note 4 – Restricted Cash The following summarizes the restricted cash held by the Company: June 30, 2015 December 31, 2014 Banks' security requirement in providing mortgages to home buyers $ 2,816,494 $ 2,577,788 Guaranteed deposits for loans with foreign banks (Note 12) 87,085,484 87,536,586 Government regulatory fees - 213,710 $ 89,901,978 $ 90,328,084

Real Estate Held for Developmen

Real Estate Held for Development or Sale	6 Months Ended
	Jun. 30, 2015
Real Estate Held for Development or Sale [Abstract]
Real Estate Held for Development or Sale	Note 5 – Real Estate Held for Development or Sale The following summarizes the components of real estate inventories as of June 30, 2015 and December 31, 2014: June 30, 2015 December 31, 2014 Real estate projects completed and held for sale Junjing I $ 1,611,675 $ 1,610,480 Junjing II 81,339 81,277 Gangwan 9,607 9,600 Junjing III 797,105 802,364 Park Plaza - Phase I 14,702,724 - Puhua Phase I 5,377,702 5,421,141 Puhua Phase II – West Region and New Coastal Line 6,378,491 6,692,581 Puhua Phase III 23,579,629 - Real estate completed and held for sale 52,538,272 14,617,443 Real estate projects held for development Puhua Phase II (East Region), IV and V (Puhua Phase II (East Region),III, IV and V as of December 31, 2014) 64,812,527 98,207,424 Park Plaza- Phase II (Phase I and II as of December 31, 2014) 41,408,922 59,308,044 Golden Bay 169,152,760 150,562,541 Jiyuan 30,638,784 29,784,510 Golden Bay Apartment 17,827,153 14,529,266 Other 106,525 7,074,741 Real estate held for development 323,946,671 359,466,526 Total real estate held for development or sale $ 376,484,943 $ 374,083,969 The Company evaluates the carrying value of real estate held for development or sale for impairment based on fair market value based on real estate market price and expected cash flow on the Company's real estate assets. Any excess of cost over fair market value is recorded as impairment. Write-downs of real estate held for development or sale deemed impaired would be recorded as adjustments to the cost of real estate sales. An impairment charge of $ 703,843 nil nil During the second quarter of 2015, the Company was informed by the government that the land zoning of its Textile City project would no longer be for residential purposes. The project has not started and it has to be discontinued due to this change proposed by the government. The project with an accumulated cost of $ 7,345,105

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2015
Accounts Receivable [Abstract]
Accounts Receivable	Note 6 – Accounts Receivable Accounts receivable consist of the following as of June 30, 2015 and December 31, 2014: June 30, December 31, 2015 2014 Accounts receivable $ 17,969,476 $ 33,621,250 Allowance for doubtful accounts (580,356 ) (579,926 ) Accounts receivable, net $ 17,389,120 $ 33,041,324

Other Receivables, Prepaid Expe

Other Receivables, Prepaid Expenses and Other Assets	6 Months Ended
	Jun. 30, 2015
Other Receivables, Prepaid Expenses and Other Assets [Abstract]
Other Receivables, Prepaid Expenses and Other Assets	Note 7 – Other Receivables, Prepaid Expenses and Other Assets Other receivables, prepaid expenses and other assets consist of the following as of June 30, 2015 and December 31, 2014: June 30, 2015 December 31, 2014 Interest receivable (a) $ 5,576,882 $ 3,954,195 Other receivables (b) 4,316,997 4,063,747 Allowance for doubtful receivables (146,460 ) (147,940 ) Prepaid expenses 1,392,181 1,473,512 Prepaid other tax expenses 32,996 33,636 Other receivables, prepaid expenses and other assets, net $ 11,172,596 $ 9,377,150 (a) 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. (b) Other receivables mainly represents various deposits made to government agencies and/or utility companies as a security or a guarantee during the project construction. These amounts will be refunded when the projects are completed.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2015
Property and Equipment [Abstract]
Property and Equipment	Note 8 – Property and Equipment Property and equipment consist of the following as of June 30, 2015 and December 31, 2014: June 30, 2015 December 31, 2014 Income producing properties and improvements $ 21,485,662 $ 21,469,734 Buildings and improvements 28,870,634 28,808,632 Electronic equipment 1,095,873 1,089,142 Vehicles 795,181 794,591 Computer software 316,041 323,578 Office furniture 907,451 904,601 Total 53,470,842 53,390,278 Accumulated depreciation (11,236,725 ) (10,007,276 ) Property and equipment, net $ 42,234,117 $ 43,383,002 Depreciation expense for the three months ended June 30, 2015 and 2014 amounted to $ 583,113 603,036 1,217,048 1,194,943 The Company decided to demolish certain sales center used for Park Plaza and wrote off the $ 563,710

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2015
Intangible Assets [Abstract]
Intangible Assets	Note 9 – Intangible Assets The intangible assets consisted of the following as of June 30, 2015 and December 31, 2014: June 30, 2015 December 31, 2014 Development right acquired (a) $ - $ 52,048,245 Land use right acquired (b) 8,792,797 8,786,279 Construction license acquired (c) 1,214,221 1,213,321 10,007,018 62,047,845 Accumulated amortization (1,222,609 ) (38,485,894 ) Intangible assets, net $ 8,784,409 $ 23,561,951 (a) The development right for 487 Upon the acquisition of Puhua's land use right in 2009, the Company recorded $ 4,665,592 199,445 293,887 254,938 294,027 12,553,872 5,222,987 2,121,055 3,101,932 The $12,553,872 amortization recorded in the first quarter of 2014 was calculated by multiplying the $ 33,092,754 37.94 The $5,222,987 amortization recorded in the second quarter of 2014 was calculated by multiplying the $ 20,977,221 24.90 Upon the acquisition of land use rights for the Golden Bay project and head office and Golden Bay Apartment, the remaining value of the intangible was dedicated for the Textile City project which the Company originally expected to acquire during the year. However, during the second quarter of 2015, the Company was informed that the zoning of Textile City would no longer be for residential purpose. The Company determined it will not purchase the Textile City land use right and it is not likely the Company will be able to obtain another land use right prior to the expiration of the development right. Hence, the remaining value of $ 14,964,476 3,741,119 (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 55,545 110,797 56,468 111,763 220,000 (c) The construction license was acquired through the acquisition of Xinxing Construction. The construction license, which is subject to renewal every 5

Accrued Expenses

Accrued Expenses	6 Months Ended
	Jun. 30, 2015
Accrued Expenses [Abstract]
Accrued Expenses	Note 10 – Accrued Expenses June 30, 2015 December 31, 2014 Accrued expenses $ 19,872,554 $ 18,625,788 Accrued interest on loans 6,203,475 3,217,134 Total $ 26,076,029 $ 21,842,922

Loans from Employees

Loans from Employees	6 Months Ended
	Jun. 30, 2015
Loans from Employees [Abstract]
Loans from Employees	Note 11 – 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 15 15 Included in these loans are loans from the Company's executives: June 30, 2015 December 31, 2014 Chairman $ 2,319,258 $ 1,063,649 Chief financial officer 1,292,398 1,998,517 Chief operating officer 2,164,516 1,228,121 Total $ 5,776,172 $ 4,290,287

Loans Payable

Loans Payable	6 Months Ended
	Jun. 30, 2015
Loans Payable [Abstract]
Loans Payable	Note 12 – Loans Payable June 30, 2015 December 31, 2014 Construction Bank of China Annual interest rate is 105 People's Bank of China prime rate 5.50 May 29, 2016 $ 15,000,000 $ 19,662,831 Bank of China, Macau Branch Originally due on December 16, 2013 and extended to December 16, 2015 LIBOR 2.5 1.3 4.08 June 30, 2015 was 0.2794 0.2457 32,258,065 200 31,000,000 31,000,000 Bank of Communications Offshore Branch (Loan 1) Due on November 13, 2015 2.9 36,290,323 225 0.3 3.2 30,000,000 30,000,000 LUSO International Bank (1) The Company signed an agreement for a line of credit of $ 8 97 June 27, 2016 June 30, 2015 , the Company has drawn $ 7,761,153 96 8,064,516 50 2.9 LIBOR June 30, 2015 was 0.7336 0.6044 7,761,153 7,761,153 Xi'an Xinxing Days Hotel & Suites Co., Ltd. (“Days Hotel”) (Note 18) There are several loans from Days Hotel, including: $ 1,591,935 9.87 1,612,904 10 November 4, 2015 1,532,258 9.5 November 26, 2015 $ 564,516 3.5 December 31, 2015 18,870,968 117 December 31, 2015 8,064,516 50 January 9, 2016 $ 645,161 4 May 15, 2016 161,290 1 June 16, 2016 4,032,258 25 15 28,895,161 179 20 $ 116,129 0.7 911,290 5.65 33,043,548 42,371,788 Zhongyuan Trust Annual interest rate is 15.11 0.9 4,838,710 30 August 3, 2016 $ 9,354,839 58 October 9, 2016 322,580 2 October 20, 2016 11,290,323 70 February 3, 2017 $ 7,419,355 46 April 9, 2017 10,322,580 64 April 20, 2017 43,548,387 - Shanghai Xinying Fund, LLC(“XinYing”) The loan bears interest at 9.6 503,306 3 23.65 100% ownership of Xinxing Construction's shares August 7, 2015 15,322,581 17,728,782 LUSO International Bank (2) The Company signed an agreement for a line of credit of $ 34 100 November 4, 2015 9,816,500 98 10,020,968 62 2.7 June 30, 2015 was 0.7336 0.6044 9,816,500 9,816,500 Shenzhen Qianhai Dinghui Equity Investment Fund Partnership (“Dinghui”) Originally due on August 7, 2014 and March 22, 2015 , the loan's repayment terms have been extended to as follows: $ 16,131,634 100 June 5, 2015 8,065,817 50 June 20, 2015 24 - 56,409,760 Bank of Communications Annual interest rate is 120 People's Bank of China prime rate 5.50 December 20, 2015 9,677,419 60 December 20, 2016 3,225,806 20 12,903,226 24,175,611 Bank of Communications Annual interest rate is 130 People's Bank of China prime rate 5.50 June 3, 2017 The loan is also subject to certain repayment terms based on percentage of sales contracts signed over total estimated sales of Puhua Phase IV. 14,516,129 14,505,368 Bank of Xi'an, Weilai Branch Annual interest rate is 130 People's Bank of China prime rate 5.50 April 24, 2015 $4,838,710 (RMB30 million) due on September 30, 2015; $4,838,710 (RMB30 million) due on December 31, 2015, and $6,451,613 (RMB40 million) due on April 24, 2016. 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. 16,129,032 17,728,782 Bank of Communications Offshore Branch (2) Due on March 17, 2016 2.8 0.7 3.5 LIBOR June 30, 2015 was 0.4201 0.3443 31 22,500,000 22,500,000 Bank of East Asia Annual interest rate is 120 People's Bank of China prime rate 5.50 November 28, 2015 80,645 0.5 May 28, 2016 80,645 0.5 November 28, 2016 161,290 1.0 May 28, 2017 161,290 1.0 November 28, 2017 564,516 3.5 May 28, 2018 564,516 3.5 1,612,903 - GuoXin Loan Company Annual interest rate is 18 December 29, 2015 2,419,355 - Total $ 255,572,814 $ 293,660,575 Except for the loans from Bank of China Macau Branch, LUSO International Bank (2) and Bank of Communications Offshore Branch (1), which were drawn to repay mandatorily redeemable non-controlling interest in Subsidiaries and the loans from LUSO International Bank (1) and Bank of Communications Offshore Branch (2) which were used to repay the loans from Bank of the Singapore Branch, which were drawn to repay convertible debt, 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 30 32 31 10 10.02 8 7.76 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 $ 174,817,165 June 30, 2015 (December 31, 2014 - $ 398,636,841 June 30 , 2015. The weighted average interest rate on loans payable as of June 30 , 2015 was 8.55 9.78 The loans from Bank of Xi'an, Weilai Branch, Construction Bank of China and Bank of Communications are subject to certain repayment terms based on certain percentage of units sold in Puhua Phase II, Park Plaza projects, Puhua Phase III and IV. Based on these repayment terms, Bank of Xi'an, Weilai Branch, Construction Bank of China and Bank of Communications 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 $ 210,572,814 1 – 2 years 45,000,000 Total $ 255,572,814

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2015
Shareholders' Equity [Abstract]
Shareholders' Equity	Note 13 – Shareholders' Equity Common Stock No shares were issued or retired during 2015. On April 22, 2015, China Housing & Land Development, Inc. (the “Company”) filed a Certificate of Change pursuant to Nevada Revised Statutes (“NRS”) Section 78.209 with the Secretary of State of Nevada to effect a reverse stock split of the Company's common stock, par value $ 0.001 100 20 The Company's shares outstanding immediately prior to the Reverse Stock Split totaled 34,800,558 6,960,145 Stock Options On June 13, 2011, the Company granted 245,551 Options expire on the earlier of ten 30 30 40 All of the options were vested by the end of 2014, no compensation expense was recognized during the three and six months ended June 30, 2015 (June 30, 2014-$ 1,003,464 1,136,304

Other Revenue

Other Revenue	6 Months Ended
	Jun. 30, 2015
Other Revenue [Abstract]
Other Revenue	Note 14 – Other Revenue For the three months ended For the six months ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Interest income $ 815,759 $ 1,089,484 $ 1,652,572 $ 2,203,549 Rental income 205,764 240,597 443,547 486,292 Income from property management services 1,465,255 1,098,983 2,856,486 2,383,049 External construction contracts 1,650,793 445,548 2,332,747 3,411,054 Additional compensation received in connection with TangDu project - - - 612,912 Miscellaneous income 37,453 379,788 37,453 393,171 Total $ 4,175,024 $ 3,254,400 $ 7,322,805 $ 9,490,027

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Reporting	Note 15 – Segment Reporting The Company has two reportable segments: Real Estate Development and Sales segment and the 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 six months ended June 30, 2015 and June 30, 2014 are as follows: For the three months ended June 30, 2015 : Real Estate Adjustments Development and and Sales Construction All Other Eliminations Consolidated Revenues from external customers $ 32,045,956 $ 1,650,793 $ 1,465,255 $ - $ 35,162,004 Intersegment revenues - 11,442,946 - (11,442,946 )(1) - Rental from external customers 205,764 - - - 205,764 Miscellaneous income (mainly interest income) 826,918 25,735 557 - 853,210 Total revenue $ 33,078,638 $ 13,119,474 $ 1,465,812 $ (11,442,946 ) $ 36,220,978 Financing expense $ 868,430 $ 32,136 $ 33,497 $ - $ 934,063 Segment profit (loss) before taxes $ (7,699,811 ) $ 218,868 $ (14,600,685 ) $ (99,433 )(1) $ (22,181,061 ) Total assets $ 572,266,981 $ 22,311,123 $ 73,809,508 $ (96,347,272 )(2) $ 572,040,340 For the six months ended June 30, 2015 : Real Estate Adjustments Development and and Sales Construction All Other Eliminations Consolidated Revenues from external customers $ 52,720,451 $ 2,332,747 $ 2,856,486 $ - $ 57,909,684 Intersegment revenues - 15,318,005 - (15,318,005 )(1) - Rental from external customers 443,547 - - - 443,547 Miscellaneous income (mainly interest income) 1,662,060 25,736 2,228 - 1,690,025 Total revenue $ 54,826,058 $ 17,676,488 $ 2,858,714 $ (15,318,005 ) $ 60,043,255 Financing expense $ 1,866,203 $ 80,601 $ 60,081 $ - $ 2,006,885 Segment profit (loss) before taxes $ (8,397,782 ) $ 192,650 $ (14,385,541 ) $ (54,355 )(1) $ (22,645,028 ) Total assets $ 572,266,981 $ 22,311,123 $ 73,809,508 $ (96,347,272 )(2) $ 572,040,340 For the three months ended June 30, 2014 : Real Estate Adjustments Development and and Sales Construction All Other Eliminations Consolidated Revenues from external customers $ 40,812,863 $ 445,548 $ 1,224,665 $ - $ 42,483,076 Intersegment revenues - 19,334,294 - (19,334,294 )(1) - Rental from external customers 219,078 21,519 - - 240,597 Miscellaneous income (mainly interest income) 1,192,333 - 151,257 - 1,343,590 Total revenue $ 42,224,274 $ 19,801,361 $ 1,375,922 $ (19,334,294 ) $ 44,067,263 Financing expense $ 930,488 $ 5,757 $ 3,607 $ - $ 939,852 Segment (loss) profit before taxes $ (6,989,109 ) $ 558,696 $ 10,832 $ (227,186 )(1) $ (6,646,767 ) Total assets $ 817,752,060 $ 94,374,453 $ 168,436,312 $ (447,431,835 )(2) $ 633,210,990 For the six months ended June 30, 2014 : Real Estate Development and Sales Construction All Other Adjustments and Elimination Consolidated Revenues from external customers $ 56,619,647 $ 3,411,055 $ 2,508,731 $ - $ 62,539,433 Intersegment revenues - 23,729,159 - (23,729,159 )(1) - Rental from external customers 442,798 43,494 - - 486,292 Other miscellaneous income (mainly interest income) 2,929,149 - 154,800 - 3,083,949 Total revenue $ 59,991,594 $ 27,183,708 $ 2,663,531 $ (23,729,159 ) $ 66,109,674 Financing expense $ 2,315,653 $ 12,447 $ 6,282 $ - $ 2,334,382 Segment (loss) profit before taxes $ (7,546,246 ) $ 564,394 $ (36,218 ) $ (397,098 )(1) $ (7,415,168 ) (1) These represent revenues earned from construction service performed by Xinxing Construction for Real Estate Development and Sales segment and its profits. They are eliminated upon consolidation. (2) The adjustment represents long-term investments in Subsidiaries and inter-subsidiary balances eliminated upon consolidation.

Loss per Share

Loss per Share	6 Months Ended
	Jun. 30, 2015
Loss per Share [Abstract]
Loss per Share	Note 16 – Loss per Share Loss per share for the three and six months ended June 30, 2015, and 2014 were determined by dividing net loss for the periods by the weighted average number of both basic and diluted shares of common stock and common stock equivalents outstanding. All outstanding options have anti-dilutive effects on the loss per share and were therefore excluded from the determination of three months and six months ended June 30, 2015 and 2014 diluted earnings per share calculation.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 17 – Commitments and Contingencies In connection with the loans borrowed from XinYing (Notes 12 and 18), 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. All future payments required under the various agreements are summarized below: Payment due by period Commitments and Less than 1 After Contingencies Total year 1-2 years 2-3 years 3-4 years 4-5 years 5 years Consulting fees $ 212,473 $ 212,473 $ - $ - $ - $ - $ - Total $ 212,473 $ 212,473 $ - $ - $ - $ - $ - 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 on commercially reasonable terms.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 18 – Related Party Transactions The spouse of one of the Company's executive officers owns 37.83 29,907 46,735 76,444 86,445 6,281 15,171 The Company also has a $ 33,043,548 42,371,788 1,172,478 4,159,778 1,071,320 2,081,578 2,179,407 1,571,477 As of June 30, 2015, the Company also has a $ 15,322,581 17,728,782 901,699 1,805,000 1,339,509 3,009,178 38,049 52,004

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2015
Subsequent Event [Abstract]
Subsequent Event	Note 19 – Subsequent Event Subsequent to quarter end, the Company received a $ 24,193,548 150 15,322,581 95 2,419,355 15 911,290 5.65 57,500

Effect of Change in Estimates

Effect of Change in Estimates	6 Months Ended
	Jun. 30, 2015
Effect of Change in Estimates [Abstract]
Effect of Change in Estimates	Note 20 – Effect of Change in Estimates The Company monitors market conditions and reviews its estimated sales and costs and revises its sales and costs forecasts on a regular basis. Due to the recent real estate market conditions in China, the Company decided to revise and lower the selling price of certain projects to attract new buyers. The estimated costs are also revised to reflect the most updated information. These are treated as a change in estimate. For the three months ended June 30, 2015, real estate development projects with gross profits recognized as of March 31, 2015 had changes in their estimated gross profit margins. As a result of these changes in gross profit, net income for the three months ended June 30, 2015 decreased by $ 1,263,517 0.18 5,324,687 0.15 During the six months ended June 30, 2015, real estate development projects with gross profits recognized as of December 31, 2014 had changes in their estimated gross profit margins. As a result of these changes in gross profit, net income for the six months ended June 30, 2015 decreased by $ 1,118,885 0.16 4,976,502 0.14

Basis of Presentation and Sum28

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
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 June 30, 2015, the Company's interim condensed consolidated statements of loss and comprehensive loss for the three and six months ended June 30, 2015 and June 30, 2014, and the Company's interim condensed consolidated statements of cash flows for the six months ended June 30, 2015 and June 30, 2014. 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 31, 2015 for the year ended December 31, 2014 (“2014 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 2014 Annual Report.
Accounting Principles Recently Adopted	Accounting Principles Recently 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 Property, Plant, and Equipment Non-current Assets Held for Sale and Discontinued Operations
New Accounting Pronouncement Not Yet Adopted	New Accounting Pronouncement Not Yet Adopted 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 is currently assessing the impact of this new standard on its consolidated financial statements
Foreign Exchange Rates Used	Foreign Exchange Rates Used: June 30, December 31, June 30, Period end RMB/U.S. Dollar exchange rate 6.2000 6.2046 6.2036 Average RMB/U.S. Dollar exchange rate 6.2032 6.1620 6.2311

Basis of Presentation and Sum29

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]
Schedule of Foreign Exchange Rates	Foreign Exchange Rates Used: June 30, 2015 December 31, 2014 June 30, 2014 Period end RMB/U.S. Dollar exchange rate 6.2000 6.2046 6.2036 Average RMB/U.S. Dollar exchange rate 6.2032 6.1620 6.2311

Restricted Cash (Tables)

Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2015
Restricted Cash [Abstract]
Summary of Restricted Cash Held by Company	June 30, 2015 December 31, 2014 Banks' security requirement in providing mortgages to home buyers $ 2,816,494 $ 2,577,788 Guaranteed deposits for loans with foreign banks (Note 12) 87,085,484 87,536,586 Government regulatory fees - 213,710 $ 89,901,978 $ 90,328,084

Real Estate Held for Developm31

Real Estate Held for Development or Sale (Tables)	6 Months Ended
	Jun. 30, 2015
Real Estate Held for Development or Sale [Abstract]
Summary of the Components of Real Estate Inventories	June 30, 2015 December 31, 2014 Real estate projects completed and held for sale Junjing I $ 1,611,675 $ 1,610,480 Junjing II 81,339 81,277 Gangwan 9,607 9,600 Junjing III 797,105 802,364 Park Plaza - Phase I 14,702,724 - Puhua Phase I 5,377,702 5,421,141 Puhua Phase II – West Region and New Coastal Line 6,378,491 6,692,581 Puhua Phase III 23,579,629 - Real estate completed and held for sale 52,538,272 14,617,443 Real estate projects held for development Puhua Phase II (East Region), IV and V (Puhua Phase II (East Region),III, IV and V as of December 31, 2014) 64,812,527 98,207,424 Park Plaza- Phase II (Phase I and II as of December 31, 2014) 41,408,922 59,308,044 Golden Bay 169,152,760 150,562,541 Jiyuan 30,638,784 29,784,510 Golden Bay Apartment 17,827,153 14,529,266 Other 106,525 7,074,741 Real estate held for development 323,946,671 359,466,526 Total real estate held for development or sale $ 376,484,943 $ 374,083,969

Accounts Receivable (Tables)

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2015
Accounts Receivable [Abstract]
Schedule of Accounts Receivable	June 30, December 31, 2015 2014 Accounts receivable $ 17,969,476 $ 33,621,250 Allowance for doubtful accounts (580,356 ) (579,926 ) Accounts receivable, net $ 17,389,120 $ 33,041,324

Other Receivables, Prepaid Ex33

Other Receivables, Prepaid Expenses and Other Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Other Receivables, Prepaid Expenses and Other Assets [Abstract]
Schedule of Other Receivables, Prepaid Expenses and Other Assets	June 30, 2015 December 31, 2014 Interest receivable (a) $ 5,576,882 $ 3,954,195 Other receivables (b) 4,316,997 4,063,747 Allowance for doubtful receivables (146,460 ) (147,940 ) Prepaid expenses 1,392,181 1,473,512 Prepaid other tax expenses 32,996 33,636 Other receivables, prepaid expenses and other assets, net $ 11,172,596 $ 9,377,150 (a) 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. (b) Other receivables mainly represents various deposits made to government agencies and/or utility companies as a security or a guarantee during the project construction. These amounts will be refunded when the projects are completed.

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2015
Property and Equipment [Abstract]
Property and Equipment	June 30, 2015 December 31, 2014 Income producing properties and improvements $ 21,485,662 $ 21,469,734 Buildings and improvements 28,870,634 28,808,632 Electronic equipment 1,095,873 1,089,142 Vehicles 795,181 794,591 Computer software 316,041 323,578 Office furniture 907,451 904,601 Total 53,470,842 53,390,278 Accumulated depreciation (11,236,725 ) (10,007,276 ) Property and equipment, net $ 42,234,117 $ 43,383,002

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Intangible Assets [Abstract]
Schedule of Intangible Assets	June 30, 2015 December 31, 2014 Development right acquired (a) $ - $ 52,048,245 Land use right acquired (b) 8,792,797 8,786,279 Construction license acquired (c) 1,214,221 1,213,321 10,007,018 62,047,845 Accumulated amortization (1,222,609 ) (38,485,894 ) Intangible assets, net $ 8,784,409 $ 23,561,951 (a) The development right for 487 Upon the acquisition of Puhua's land use right in 2009, the Company recorded $ 4,665,592 199,445 293,887 254,938 294,027 12,553,872 5,222,987 2,121,055 3,101,932 The $12,553,872 amortization recorded in the first quarter of 2014 was calculated by multiplying the $ 33,092,754 37.94 The $5,222,987 amortization recorded in the second quarter of 2014 was calculated by multiplying the $ 20,977,221 24.90 Upon the acquisition of land use rights for the Golden Bay project and head office and Golden Bay Apartment, the remaining value of the intangible was dedicated for the Textile City project which the Company originally expected to acquire during the year. However, during the second quarter of 2015, the Company was informed that the zoning of Textile City would no longer be for residential purpose. The Company determined it will not purchase the Textile City land use right and it is not likely the Company will be able to obtain another land use right prior to the expiration of the development right. Hence, the remaining value of $ 14,964,476 3,741,119 (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 55,545 110,797 56,468 111,763 220,000 (c) The construction license was acquired through the acquisition of Xinxing Construction. The construction license, which is subject to renewal every 5

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2015
Accrued Expenses [Abstract]
Schedule of Accrued Expenses	June 30, 2015 December 31, 2014 Accrued expenses $ 19,872,554 $ 18,625,788 Accrued interest on loans 6,203,475 3,217,134 Total $ 26,076,029 $ 21,842,922

Loans from Employees (Tables)

Loans from Employees (Tables)	6 Months Ended
	Jun. 30, 2015
Loans from Employees [Abstract]
Schedule of Loans from Executives	June 30, 2015 December 31, 2014 Chairman $ 2,319,258 $ 1,063,649 Chief financial officer 1,292,398 1,998,517 Chief operating officer 2,164,516 1,228,121 Total $ 5,776,172 $ 4,290,287

Loans Payable (Tables)

Loans Payable (Tables)	6 Months Ended
	Jun. 30, 2015
Loans Payable [Abstract]
Summary of Loans Payable	June 30, 2015 December 31, 2014 Construction Bank of China Annual interest rate is 105 People's Bank of China prime rate 5.50 May 29, 2016 $ 15,000,000 $ 19,662,831 Bank of China, Macau Branch Originally due on December 16, 2013 and extended to December 16, 2015 LIBOR 2.5 1.3 4.08 June 30, 2015 was 0.2794 0.2457 32,258,065 200 31,000,000 31,000,000 Bank of Communications Offshore Branch (Loan 1) Due on November 13, 2015 2.9 36,290,323 225 0.3 3.2 30,000,000 30,000,000 LUSO International Bank (1) The Company signed an agreement for a line of credit of $ 8 97 June 27, 2016 June 30, 2015 , the Company has drawn $ 7,761,153 96 8,064,516 50 2.9 LIBOR June 30, 2015 was 0.7336 0.6044 7,761,153 7,761,153 Xi'an Xinxing Days Hotel & Suites Co., Ltd. (“Days Hotel”) (Note 18) There are several loans from Days Hotel, including: $ 1,591,935 9.87 1,612,904 10 November 4, 2015 1,532,258 9.5 November 26, 2015 $ 564,516 3.5 December 31, 2015 18,870,968 117 December 31, 2015 8,064,516 50 January 9, 2016 $ 645,161 4 May 15, 2016 161,290 1 June 16, 2016 4,032,258 25 15 28,895,161 179 20 $ 116,129 0.7 911,290 5.65 33,043,548 42,371,788 Zhongyuan Trust Annual interest rate is 15.11 0.9 4,838,710 30 August 3, 2016 $ 9,354,839 58 October 9, 2016 322,580 2 October 20, 2016 11,290,323 70 February 3, 2017 $ 7,419,355 46 April 9, 2017 10,322,580 64 April 20, 2017 43,548,387 - Shanghai Xinying Fund, LLC(“XinYing”) The loan bears interest at 9.6 503,306 3 23.65 100% ownership of Xinxing Construction's shares August 7, 2015 15,322,581 17,728,782 LUSO International Bank (2) The Company signed an agreement for a line of credit of $ 34 100 November 4, 2015 9,816,500 98 10,020,968 62 2.7 June 30, 2015 was 0.7336 0.6044 9,816,500 9,816,500 Shenzhen Qianhai Dinghui Equity Investment Fund Partnership (“Dinghui”) Originally due on August 7, 2014 and March 22, 2015 , the loan's repayment terms have been extended to as follows: $ 16,131,634 100 June 5, 2015 8,065,817 50 June 20, 2015 24 - 56,409,760 Bank of Communications Annual interest rate is 120 People's Bank of China prime rate 5.50 December 20, 2015 9,677,419 60 December 20, 2016 3,225,806 20 12,903,226 24,175,611 Bank of Communications Annual interest rate is 130 People's Bank of China prime rate 5.50 June 3, 2017 The loan is also subject to certain repayment terms based on percentage of sales contracts signed over total estimated sales of Puhua Phase IV. 14,516,129 14,505,368 Bank of Xi'an, Weilai Branch Annual interest rate is 130 People's Bank of China prime rate 5.50 April 24, 2015 $4,838,710 (RMB30 million) due on September 30, 2015; $4,838,710 (RMB30 million) due on December 31, 2015, and $6,451,613 (RMB40 million) due on April 24, 2016. 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. 16,129,032 17,728,782 Bank of Communications Offshore Branch (2) Due on March 17, 2016 2.8 0.7 3.5 LIBOR June 30, 2015 was 0.4201 0.3443 31 22,500,000 22,500,000 Bank of East Asia Annual interest rate is 120 People's Bank of China prime rate 5.50 November 28, 2015 80,645 0.5 May 28, 2016 80,645 0.5 November 28, 2016 161,290 1.0 May 28, 2017 161,290 1.0 November 28, 2017 564,516 3.5 May 28, 2018 564,516 3.5 1,612,903 - GuoXin Loan Company Annual interest rate is 18 December 29, 2015 2,419,355 - Total $ 255,572,814 $ 293,660,575
Schedule of Repayments of Debt	Due in 1 year $ 210,572,814 1 – 2 years 45,000,000 Total $ 255,572,814

Other Revenue (Tables)

Other Revenue (Tables)	6 Months Ended
	Jun. 30, 2015
Other Revenue [Abstract]
Other Revenue	For the three months ended For the six months ended June 30, June 30, June 30, June 30, 2015 2014 2015 2014 Interest income $ 815,759 $ 1,089,484 $ 1,652,572 $ 2,203,549 Rental income 205,764 240,597 443,547 486,292 Income from property management services 1,465,255 1,098,983 2,856,486 2,383,049 External construction contracts 1,650,793 445,548 2,332,747 3,411,054 Additional compensation received in connection with TangDu project - - - 612,912 Miscellaneous income 37,453 379,788 37,453 393,171 Total $ 4,175,024 $ 3,254,400 $ 7,322,805 $ 9,490,027

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Financial Information with Respect to Reportable Segments and Reconciliation to Amounts Reported in Consolidated Financial Statements	For the three months ended June 30, 2015 : Real Estate Adjustments Development and and Sales Construction All Other Eliminations Consolidated Revenues from external customers $ 32,045,956 $ 1,650,793 $ 1,465,255 $ - $ 35,162,004 Intersegment revenues - 11,442,946 - (11,442,946 )(1) - Rental from external customers 205,764 - - - 205,764 Miscellaneous income (mainly interest income) 826,918 25,735 557 - 853,210 Total revenue $ 33,078,638 $ 13,119,474 $ 1,465,812 $ (11,442,946 ) $ 36,220,978 Financing expense $ 868,430 $ 32,136 $ 33,497 $ - $ 934,063 Segment profit (loss) before taxes $ (7,699,811 ) $ 218,868 $ (14,600,685 ) $ (99,433 )(1) $ (22,181,061 ) Total assets $ 572,266,981 $ 22,311,123 $ 73,809,508 $ (96,347,272 )(2) $ 572,040,340 For the six months ended June 30, 2015 : Real Estate Adjustments Development and and Sales Construction All Other Eliminations Consolidated Revenues from external customers $ 52,720,451 $ 2,332,747 $ 2,856,486 $ - $ 57,909,684 Intersegment revenues - 15,318,005 - (15,318,005 )(1) - Rental from external customers 443,547 - - - 443,547 Miscellaneous income (mainly interest income) 1,662,060 25,736 2,228 - 1,690,025 Total revenue $ 54,826,058 $ 17,676,488 $ 2,858,714 $ (15,318,005 ) $ 60,043,255 Financing expense $ 1,866,203 $ 80,601 $ 60,081 $ - $ 2,006,885 Segment profit (loss) before taxes $ (8,397,782 ) $ 192,650 $ (14,385,541 ) $ (54,355 )(1) $ (22,645,028 ) Total assets $ 572,266,981 $ 22,311,123 $ 73,809,508 $ (96,347,272 )(2) $ 572,040,340 For the three months ended June 30, 2014 : Real Estate Adjustments Development and and Sales Construction All Other Eliminations Consolidated Revenues from external customers $ 40,812,863 $ 445,548 $ 1,224,665 $ - $ 42,483,076 Intersegment revenues - 19,334,294 - (19,334,294 )(1) - Rental from external customers 219,078 21,519 - - 240,597 Miscellaneous income (mainly interest income) 1,192,333 - 151,257 - 1,343,590 Total revenue $ 42,224,274 $ 19,801,361 $ 1,375,922 $ (19,334,294 ) $ 44,067,263 Financing expense $ 930,488 $ 5,757 $ 3,607 $ - $ 939,852 Segment (loss) profit before taxes $ (6,989,109 ) $ 558,696 $ 10,832 $ (227,186 )(1) $ (6,646,767 ) Total assets $ 817,752,060 $ 94,374,453 $ 168,436,312 $ (447,431,835 )(2) $ 633,210,990 For the six months ended June 30, 2014 : Real Estate Development and Sales Construction All Other Adjustments and Elimination Consolidated Revenues from external customers $ 56,619,647 $ 3,411,055 $ 2,508,731 $ - $ 62,539,433 Intersegment revenues - 23,729,159 - (23,729,159 )(1) - Rental from external customers 442,798 43,494 - - 486,292 Other miscellaneous income (mainly interest income) 2,929,149 - 154,800 - 3,083,949 Total revenue $ 59,991,594 $ 27,183,708 $ 2,663,531 $ (23,729,159 ) $ 66,109,674 Financing expense $ 2,315,653 $ 12,447 $ 6,282 $ - $ 2,334,382 Segment (loss) profit before taxes $ (7,546,246 ) $ 564,394 $ (36,218 ) $ (397,098 )(1) $ (7,415,168 ) (1) These represent revenues earned from construction service performed by Xinxing Construction for Real Estate Development and Sales segment and its profits. They are eliminated upon consolidation. (2) The adjustment represents long-term investments in Subsidiaries and inter-subsidiary balances eliminated upon consolidation.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies [Abstract]
Future Payments Required under Various Agreements	Payment due by period Commitments and Less than 1 After Contingencies Total year 1-2 years 2-3 years 3-4 years 4-5 years 5 years Consulting fees $ 212,473 $ 212,473 $ - $ - $ - $ - $ - Total $ 212,473 $ 212,473 $ - $ - $ - $ - $ -

Basis of Presentation and Sum42

Basis of Presentation and Summary of Significant Accounting Policies (Schedule of Foreign Exchange Rates) (Details)	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]
Period end RMB/U.S. Dollar exchange rate	6.2000	6.2046	6.2036
Average RMB/U.S. Dollar exchange rate	6.2032	6.1620	6.2311

Supplemental Disclosure of Ca43

Supplemental Disclosure of Cash Flow Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Supplemental Disclosure of Cash Flow Information [Abstract]
Income taxes paid	$ 1,183,167	$ 772,594
Interest paid	$ 13,540,705	$ 16,744,359

Restricted Cash (Details)

Restricted Cash (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Restricted Cash and Cash Equivalents Items [Line Items]
Cash - restricted	$ 89,901,978	$ 90,328,084
Banks' security requirement in providing mortgages to home buyers [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Cash - restricted	2,816,494	2,577,788
Guaranteed deposits for loans with foreign banks [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Cash - restricted	$ 87,085,484	87,536,586
Government regulatory fees [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Cash - restricted		$ 213,710

Real Estate Held for Developm45

Real Estate Held for Development or Sale (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Real Estate Properties [Line Items]
Real estate projects completed and held for sale	$ 52,538,272		$ 52,538,272		$ 14,617,443
Real estate projects held for development	323,946,671		323,946,671		359,466,526
Total real estate held for development or sale	376,484,943		376,484,943		374,083,969
Impairment charge	703,843		703,843
Write off of real estate held for development	7,345,105		7,345,105
Junjing I Project [Member]
Real Estate Properties [Line Items]
Real estate projects completed and held for sale	1,611,675		1,611,675		1,610,480
Junjing II Project [Member]
Real Estate Properties [Line Items]
Real estate projects completed and held for sale	81,339		81,339		81,277
Gangwan Project [Member]
Real Estate Properties [Line Items]
Real estate projects completed and held for sale	9,607		9,607		9,600
JunJing III Project [Member]
Real Estate Properties [Line Items]
Real estate projects completed and held for sale	797,105		797,105		$ 802,364
Park Plaza - Phase I [Member]
Real Estate Properties [Line Items]
Real estate projects completed and held for sale	14,702,724		14,702,724
Puhua Phase I [Member]
Real Estate Properties [Line Items]
Real estate projects completed and held for sale	5,377,702		5,377,702		$ 5,421,141
Puhua Phase II [Member]
Real Estate Properties [Line Items]
Real estate projects completed and held for sale	6,378,491		6,378,491		6,692,581
Puhua Phase II, III, IV and V [Member]
Real Estate Properties [Line Items]
Real estate projects held for development	64,812,527		64,812,527		98,207,424
Park Plaza Project [Member]
Real Estate Properties [Line Items]
Real estate projects held for development	41,408,922		41,408,922		59,308,044
Golden Bay Project [Member]
Real Estate Properties [Line Items]
Real estate projects held for development	169,152,760		169,152,760		150,562,541
Jiyuan Project [Member]
Real Estate Properties [Line Items]
Real estate projects held for development	30,638,784		30,638,784		29,784,510
Golden Bay Apartment [Member]
Real Estate Properties [Line Items]
Real estate projects held for development	17,827,153		17,827,153		14,529,266
Other Projects [Member]
Real Estate Properties [Line Items]
Real estate projects held for development	106,525		106,525		$ 7,074,741
Puhua Phase III [Member]
Real Estate Properties [Line Items]
Real estate projects completed and held for sale	$ 23,579,629		$ 23,579,629

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Accounts Receivable [Abstract]
Accounts receivable	$ 17,969,476	$ 33,621,250
Allowance for doubtful accounts	(580,356)	(579,926)
Accounts receivable, net	$ 17,389,120	$ 33,041,324

Other Receivables, Prepaid Ex47

Other Receivables, Prepaid Expenses and Other Assets (Details) - USD ($)		Jun. 30, 2015	Dec. 31, 2014
Other Receivables, Prepaid Expenses and Other Assets [Abstract]
Interest receivable	[1]	$ 5,576,882	$ 3,954,195
Other receivables	[2]	4,316,997	4,063,747
Allowance for doubtful receivables		(146,460)	(147,940)
Prepaid expenses		1,392,181	1,473,512
Prepaid other tax expenses		32,996	33,636
Other receivables, prepaid expenses and other assets, net		$ 11,172,596	$ 9,377,150
[1]	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.
[2]	Other receivables mainly represents various deposits made to government agencies and/or utility companies as a security or a guarantee during the project construction. These amounts will be refunded when the projects are completed.

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Total	$ 53,470,842			$ 53,470,842		$ 53,390,278
Accumulated depreciation	(11,236,725)			(11,236,725)		(10,007,276)
Property and equipment, net	42,234,117			42,234,117		43,383,002
Depreciation expense	$ 583,113	$ 603,036		$ 1,217,048	$ 1,194,943
Write off of property			$ 563,710		$ (563,710)
Income producing properties and improvements [Member]
Property, Plant and Equipment [Line Items]
Total	$ 21,485,662			$ 21,485,662		21,469,734
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Total	28,870,634			28,870,634		28,808,632
Electronic equipment [Member]
Property, Plant and Equipment [Line Items]
Total	1,095,873			1,095,873		1,089,142
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Total	795,181			795,181		794,591
Computer software [Member]
Property, Plant and Equipment [Line Items]
Total	316,041			316,041		323,578
Office furniture [Member]
Property, Plant and Equipment [Line Items]
Total	$ 907,451			$ 907,451		$ 904,601

Intangible Assets (Schedule of

Intangible Assets (Schedule of Intangible Assets) (Details) - USD ($)		Jun. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross		$ 10,007,018	$ 62,047,845
Accumulated amortization		(1,222,609)	(38,485,894)
Intangible asset, net		$ 8,784,409	23,561,951
Development right acquired [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	[1]		52,048,245
Land Use Rights Acquired [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	[2]	$ 8,792,797	8,786,279
Construction License Acquired [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	[3]	$ 1,214,221	$ 1,213,321
[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.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 six months ended June 30, 2015, $199,445 and $293,887 (June 30, 2014 - $254,938 and $294,027) of amortized development right capitalized in the Puhua project were expensed through cost of real estate sales, respectively.The Company acquired the land use right for the remaining parcel of the 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.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 land use rights for the Golden Bay project and head office and Golden Bay Apartment, the remaining value of the intangible was dedicated for the Textile City project which the Company originally expected to acquire during the year. However, during the second quarter of 2015, the Company was informed that the zoning of Textile City would no longer be for residential purpose. The Company determined it will not purchase the Textile City land use right and it is not likely the Company will be able to obtain another land use right prior to the expiration of the development right. Hence, the remaining value of $14,964,476 has been written off and is recorded as intangible asset impairment on the interim condensed consolidated statements of loss. The related deferred tax liability of $3,741,119 has been recorded as a recovery of deferred taxes during the quarter.
[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 six months ended June 30, 2015, the Company has recorded $55,545 and $110,797, respectively, of amortization expense on the land use rights (June 30, 2014 - $56,468 and $111,763). 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) (

Intangible Assets (Narrative) (Details)	3 Months Ended			6 Months Ended
	Jun. 30, 2015USD ($)a	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Jun. 30, 2015USD ($)a	Jun. 30, 2014USD ($)	Dec. 31, 2009USD ($)
Schedule Of Intangible Assets Disclosure [Line Items]
Amortization of intangible assets				$ 110,796	$ 17,888,532
Intangible asset impairment	$ 14,964,476			14,964,476
Development right acquired [Member]
Schedule Of Intangible Assets Disclosure [Line Items]
Amortization of intangible assets	199,445	$ 254,938		293,887	$ 294,027
Capitalized amortization upon acquisition						$ 4,665,592
Land Use Rights Acquired [Member]
Schedule Of Intangible Assets Disclosure [Line Items]
Amortization of intangible assets	55,545	56,468		110,797	111,763
Remaining carrying value of the development right immediately before 2013		$ 20,977,221			20,977,221
Percentage of profit margin realized over the total expected profit margin to be realized		24.90%
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
Land Use Rights Acquired [Member] | Buildings and improvements [Member]
Schedule Of Intangible Assets Disclosure [Line Items]
Capitalized amortization upon acquisition		$ 2,121,055			2,121,055
Land Use Rights Acquired [Member] | Real Estate Held for Development and Sale [Member]
Schedule Of Intangible Assets Disclosure [Line Items]
Capitalized amortization upon acquisition		3,101,932			3,101,932
New Land [Member]
Schedule Of Intangible Assets Disclosure [Line Items]
Acres of land | a	487			487
Golden Bay Project [Member]
Schedule Of Intangible Assets Disclosure [Line Items]
Amortization of intangible assets		5,222,987	$ 12,553,872
Remaining carrying value of the development right immediately before 2013		$ 33,092,754			$ 33,092,754
Percentage of profit margin realized over the total expected profit margin to be realized					37.94%
Intangible asset impairment				$ 14,964,476
Golden Bay Project [Member] | Land Use Rights Acquired [Member]
Schedule Of Intangible Assets Disclosure [Line Items]
Deferred tax liability recorded as a recovery of deferred taxes	$ 3,741,119			$ 3,741,119
Suodi [Member]
Schedule Of Intangible Assets Disclosure [Line Items]
Finite-lived intangible assets, useful life (in years)				39 years
Xinxing Construction [Member]
Schedule Of Intangible Assets Disclosure [Line Items]
Indefinite-lived intangible assets, frequency of renewal (in years)				5 years

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Accrued Expenses [Abstract]
Accrued expenses	$ 19,872,554	$ 18,625,788
Accrued interest on loans	6,203,475	3,217,134
Total	$ 26,076,029	$ 21,842,922

Loans from Employees (Details)

Loans from Employees (Details) - Construction loans [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
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	$ 5,776,172	$ 4,290,287
Chairman [Member]
Related Party Transaction [Line Items]
Loans from the Company's executives	2,319,258	1,063,649
Chief Financial Officer [Member]
Related Party Transaction [Line Items]
Loans from the Company's executives	1,292,398	1,998,517
Chief Operating Officer [Member]
Related Party Transaction [Line Items]
Loans from the Company's executives	$ 2,164,516	$ 1,228,121

Loans Payable (Summary Of Loans

Loans Payable (Summary Of Loans Payable) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Bank loans payable	$ 255,572,814	$ 293,660,575
Construction Bank Of China [Member]
Debt Instrument [Line Items]
Bank loans payable	15,000,000	19,662,831
Bank of China, Macau Branch [Member]
Debt Instrument [Line Items]
Bank loans payable	31,000,000	31,000,000
Bank of Communications Offshore Branch [Member]
Debt Instrument [Line Items]
Bank loans payable	30,000,000
Bank of Communications Offshore Branch [Member] | Loan Payable One [Member]
Debt Instrument [Line Items]
Bank loans payable	30,000,000	30,000,000
Bank of Communications Offshore Branch [Member] | Loan Payable Two [Member]
Debt Instrument [Line Items]
Bank loans payable	22,500,000	22,500,000
Bank Of China Singapore Office [Member]
Debt Instrument [Line Items]
Bank loans payable		31,000,000
LUSO International Bank [Member] | Loan Payable One [Member]
Debt Instrument [Line Items]
Bank loans payable	7,761,153	7,761,153
LUSO International Bank [Member] | Loan Payable Two [Member]
Debt Instrument [Line Items]
Bank loans payable	9,816,500	9,816,500
Xi'an Xinxing Days Hotel and Suites [Member]
Debt Instrument [Line Items]
Bank loans payable	33,043,548	$ 42,371,788
Zhongyuan Trust [Member]
Debt Instrument [Line Items]
Bank loans payable	43,548,387
Shanghai XinYing Fund LLC [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 15,322,581	$ 17,728,782
Shenzhen Qianhai Dinghui Equity Investment Fund Partnership [Member]
Debt Instrument [Line Items]
Bank loans payable		56,409,760
Bank Of Communications [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 12,903,226	24,175,611
Bank Of Communications Two [Member]
Debt Instrument [Line Items]
Bank loans payable	14,516,129	14,505,368
Bank of Xi'an, Weilai Branch [Member]
Debt Instrument [Line Items]
Bank loans payable	16,129,032	$ 17,728,782
Bank Of East Asia [Member]
Debt Instrument [Line Items]
Bank loans payable	1,612,903
GuoXin Loan Company [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 2,419,355

Loans Payable (Summary Of Loa54

Loans Payable (Summary Of Loans Payable) (Parenthetical) (Details) ¥ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2015CNY (¥)	Jun. 30, 2015CNY (¥)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Bank loans payable	$ 255,572,814			$ 293,660,575
Construction Bank Of China [Member]
Debt Instrument [Line Items]
Bank loans, due date	May 29, 2016	May 29, 2016
Bank loans payable	$ 15,000,000			19,662,831
Bank loans, interest rate as percentage of prime rate	105.00%		105.00%
Debt instrument, variable interest reference rate	People's Bank of China prime rate	People's Bank of China prime rate
Bank loans, variable rate loans, base interest rate	5.50%		5.50%
Bank of China, Macau Branch [Member]
Debt Instrument [Line Items]
Bank loans, due date	Dec. 16, 2015	Dec. 16, 2015
Bank loans payable	$ 31,000,000			$ 31,000,000
Bank loans, handling fees (as a percent)	1.30%		1.30%
Bank loans, basis spread over variable rate	2.50%	2.50%
Debt instrument, variable interest reference rate	LIBOR	LIBOR
Bank loans, effective interest rate	4.08%		4.08%
Bank loans, variable rate loans, base interest rate	0.2794%		0.2794%	0.2457%
Bank loans, amount of restricted cash used to secure debt	$ 32,258,065		¥ 200,000
Bank of Communications Offshore Branch [Member]
Debt Instrument [Line Items]
Bank loans payable	30,000,000
Bank loans, amount of restricted cash used to secure debt	$ 36,000,000
Bank of Communications Offshore Branch [Member] | Loan Payable One [Member]
Debt Instrument [Line Items]
Bank loans, due date	Nov. 13, 2015	Nov. 13, 2015
Bank loans payable	$ 30,000,000			$ 30,000,000
Bank loans, interest rate	2.90%		2.90%
Bank loans, handling fees (as a percent)	0.30%		0.30%
Bank loans, effective interest rate	3.20%		3.20%
Bank loans, amount of restricted cash used to secure debt	$ 36,290,323		¥ 225,000
Bank of Communications Offshore Branch [Member] | Loan Payable Two [Member]
Debt Instrument [Line Items]
Bank loans, due date	Mar. 17, 2016	Mar. 17, 2016
Bank loans payable	$ 22,500,000			$ 22,500,000
Bank loans, interest rate	2.80%		2.80%
Financing fee	0.70%	0.70%
Debt instrument, variable interest reference rate	LIBOR	LIBOR
Bank loans, effective interest rate	3.50%		3.50%
Bank loans, variable rate loans, base interest rate	0.4201%		0.4201%	0.3443%
Bank Of China Singapore Office [Member]
Debt Instrument [Line Items]
Bank loans payable				$ 31,000,000
LUSO International Bank [Member] | Loan Payable One [Member]
Debt Instrument [Line Items]
Bank loans, due date	Jun. 27, 2016	Jun. 27, 2016
Bank loans payable	$ 7,761,153			$ 7,761,153
Line of credit, maximum borrowing amount	$ 8,000,000
Bank loans, basis spread over variable rate	2.90%	2.90%
Debt instrument, variable interest reference rate	LIBOR	LIBOR
Bank loans, variable rate loans, base interest rate	0.7336%		0.7336%	0.6044%
Bank loans, amount of restricted cash used to secure debt	$ 8,064,516		¥ 50,000
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	96.00%	96.00%
LUSO International Bank [Member] | Loan Payable Two [Member]
Debt Instrument [Line Items]
Bank loans, due date	Nov. 4, 2015	Nov. 4, 2015
Bank loans payable	$ 9,816,500			$ 9,816,500
Line of credit, maximum borrowing amount	$ 34,000,000
Bank loans, basis spread over variable rate	2.70%	2.70%
Bank loans, variable rate loans, base interest rate	0.7336%		0.7336%	0.6044%
Bank loans, amount of restricted cash used to secure debt	$ 10,020,968		¥ 62,000
Percentage of collateral used in determing the maximum amount available for withdrawl	100.00%	100.00%
Percentage amount actually drawn on collateral percentage used in determing the maximum amount available for withdrawl	98.00%	98.00%
Xi'an Xinxing Days Hotel and Suites [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 33,043,548			$ 42,371,788
Xi'an Xinxing Days Hotel and Suites [Member] | Days Hotel Loan One [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 1,591,935		9,870
Xi'an Xinxing Days Hotel and Suites [Member] | Days Hotel Loan Two [Member]
Debt Instrument [Line Items]
Bank loans, due date	Nov. 4, 2015	Nov. 4, 2015
Bank loans payable	$ 1,612,904		10,000
Xi'an Xinxing Days Hotel and Suites [Member] | Days Hotel Loan Three [Member]
Debt Instrument [Line Items]
Bank loans, due date	Nov. 26, 2015	Nov. 26, 2015
Bank loans payable	$ 1,532,258		9,500
Xi'an Xinxing Days Hotel and Suites [Member] | Days Hotel Loan Four [Member]
Debt Instrument [Line Items]
Bank loans, due date	Dec. 31, 2015	Dec. 31, 2015
Bank loans payable	$ 564,516		3,500
Xi'an Xinxing Days Hotel and Suites [Member] | Days Hotel Loan Five [Member]
Debt Instrument [Line Items]
Bank loans, due date	Dec. 31, 2015	Dec. 31, 2015
Bank loans payable	$ 18,870,968		117,000
Xi'an Xinxing Days Hotel and Suites [Member] | Days Hotel Loan Six [Member]
Debt Instrument [Line Items]
Bank loans, due date	Jan. 9, 2016	Jan. 9, 2016
Bank loans payable	$ 8,064,516		50,000
Xi'an Xinxing Days Hotel and Suites [Member] | Days Hotel Loan Seven [Member]
Debt Instrument [Line Items]
Bank loans, due date	May 15, 2016	May 15, 2016
Bank loans payable	$ 645,161		4,000
Xi'an Xinxing Days Hotel and Suites [Member] | Days Hotel Loan Eight [Member]
Debt Instrument [Line Items]
Bank loans, due date	Jun. 16, 2016	Jun. 16, 2016
Bank loans payable	$ 161,290		1,000
Xi'an Xinxing Days Hotel and Suites [Member] | Days Hotel Loan Having 15 Percent Interest Rate [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 4,032,258		¥ 25,000
Bank loans, interest rate	15.00%		15.00%
Xi'an Xinxing Days Hotel and Suites [Member] | Days Hotel Loan Having 20 Percent Interest Rate [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 28,895,161		¥ 179,000
Bank loans, interest rate	20.00%		20.00%
Xi'an Xinxing Days Hotel and Suites [Member] | Days Hotel Loan Nine [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 116,129		¥ 700
Xi'an Xinxing Days Hotel and Suites [Member] | Days Hotel Loan Ten [Member]
Debt Instrument [Line Items]
Bank loans payable	911,290		¥ 5,650
Zhongyuan Trust [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 43,548,387
Bank loans, interest rate	15.11%		15.11%
Bank loans, handling fees (as a percent)	0.90%		0.90%
Zhongyuan Trust [Member] | First Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 4,838,710	¥ 30,000
Bank loans, payment due date	Aug. 3, 2016	Aug. 3, 2016
Zhongyuan Trust [Member] | Second Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 9,354,839	¥ 58,000
Bank loans, payment due date	Oct. 9, 2016	Oct. 9, 2016
Zhongyuan Trust [Member] | Third Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 322,580	¥ 2,000
Bank loans, payment due date	Oct. 20, 2016	Oct. 20, 2016
Zhongyuan Trust [Member] | Fourth Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 11,290,323	¥ 70,000
Bank loans, payment due date	Feb. 3, 2017	Feb. 3, 2017
Zhongyuan Trust [Member] | Fifth Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 7,419,355	¥ 46,000
Bank loans, payment due date	Apr. 9, 2017	Apr. 9, 2017
Zhongyuan Trust [Member] | Sixth Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 10,322,580	¥ 64,000
Bank loans, payment due date	Apr. 20, 2017	Apr. 20, 2017
Shanghai XinYing Fund LLC [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 15,322,581			$ 17,728,782
Bank loans, interest rate	9.60%		9.60%
Bank loans, effective interest rate	23.65%		23.65%
Bank loan, security	100% ownership of Xinxing Construction's shares	100% ownership of Xinxing Construction's shares
Consulting fee per quarter	$ 503,306	¥ 3,000
Bank loans, payment due date	Aug. 7, 2015	Aug. 7, 2015
Shenzhen Qianhai Dinghui Equity Investment Fund Partnership [Member]
Debt Instrument [Line Items]
Bank loans payable				56,409,760
Bank loans, interest rate	24.00%		24.00%
Shenzhen Qianhai Dinghui Equity Investment Fund Partnership [Member] | Fifth Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 16,131,634	¥ 100,000
Bank loans, payment due date	Jun. 5, 2015	Jun. 5, 2015
Shenzhen Qianhai Dinghui Equity Investment Fund Partnership [Member] | Sixth Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 8,065,817	¥ 50,000
Bank loans, payment due date	Jun. 20, 2015	Jun. 20, 2015
Bank Of Communications [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 12,903,226			24,175,611
Bank loans, interest rate as percentage of prime rate	120.00%		120.00%
Debt instrument, variable interest reference rate	People's Bank of China prime rate	People's Bank of China prime rate
Bank loans, variable rate loans, base interest rate	5.50%		5.50%
Bank Of Communications [Member] | First Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 9,677,419	¥ 60,000
Bank loans, payment due date	Dec. 20, 2015	Dec. 20, 2015
Bank Of Communications [Member] | Second Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 3,225,806	¥ 20,000
Bank loans, payment due date	Dec. 20, 2016	Dec. 20, 2016
Bank of Xi'an, Weilai Branch [Member]
Debt Instrument [Line Items]
Bank loans, due date	Apr. 24, 2015	Apr. 24, 2015
Bank loans payable	$ 16,129,032			17,728,782
Bank loans, interest rate as percentage of prime rate	130.00%		130.00%
Debt instrument, variable interest reference rate	People's Bank of China prime rate	People's Bank of China prime rate
Bank loans, variable rate loans, base interest rate	5.50%		5.50%
Bank Of Communications Two [Member]
Debt Instrument [Line Items]
Bank loans, due date	Jun. 3, 2017	Jun. 3, 2017
Bank loans payable	$ 14,516,129			$ 14,505,368
Bank loans, interest rate as percentage of prime rate	130.00%		130.00%
Debt instrument, variable interest reference rate	People's Bank of China prime rate	People's Bank of China prime rate
Bank loans, variable rate loans, base interest rate	5.50%		5.50%
Bank of East Asia [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 1,612,903
Bank loans, interest rate as percentage of prime rate	120.00%		120.00%
Debt instrument, variable interest reference rate	People's Bank of China prime rate	People's Bank of China prime rate
Bank loans, variable rate loans, base interest rate	5.50%		5.50%
Bank of East Asia [Member] | First Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 80,645	¥ 500
Bank loans, payment due date	Nov. 28, 2015	Nov. 28, 2015
Bank of East Asia [Member] | Second Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 80,645	¥ 500
Bank loans, payment due date	May 28, 2016	May 28, 2016
Bank of East Asia [Member] | Third Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 161,290	¥ 1,000
Bank loans, payment due date	Nov. 28, 2016	Nov. 28, 2016
Bank of East Asia [Member] | Fourth Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 161,290	¥ 1,000
Bank loans, payment due date	May 28, 2017	May 28, 2017
Bank of East Asia [Member] | Fifth Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 564,516	¥ 3,500
Bank loans, payment due date	Nov. 28, 2017	Nov. 28, 2017
Bank of East Asia [Member] | Sixth Payment [Member]
Debt Instrument [Line Items]
Bank loans, required payment	$ 564,516	¥ 3,500
Bank loans, payment due date	May 28, 2018	May 28, 2018
GuoXin Loan Company [Member]
Debt Instrument [Line Items]
Bank loans payable	$ 2,419,355
Bank loans, interest rate	18.00%		18.00%
Bank loans, payment due date	Dec. 29, 2015	Dec. 29, 2015

Loans Payable (Narrative) (Deta

Loans Payable (Narrative) (Details) ¥ in Millions	Jun. 30, 2015USD ($)	Jun. 30, 2015CNY (¥)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Real estate held for development or sale used as security for bank loans	$ 174,817,165		$ 398,636,841
Loans payable	$ 255,572,814		$ 293,660,575
Loans payable [Member]
Debt Instrument [Line Items]
Loans payable, weighted average interest rate	8.55%	8.55%	9.78%
Construction Bank Of China [Member]
Debt Instrument [Line Items]
Loans payable	$ 15,000,000		$ 19,662,831
Bank of Communications Offshore Branch [Member]
Debt Instrument [Line Items]
Bank loans, amount of restricted cash used to secure debt	36,000,000
Loans payable	30,000,000
Bank of Communications Offshore Branch [Member] | Loans Payable One [Member]
Debt Instrument [Line Items]
Bank loans, amount of restricted cash used to secure debt	36,290,323	¥ 225
Loans payable	30,000,000		30,000,000
Bank of Communications Offshore Branch [Member] | Loans Payable Two [Member]
Debt Instrument [Line Items]
Loans payable	22,500,000		22,500,000
Bank of China, Macau Branch [Member]
Debt Instrument [Line Items]
Bank loans, amount of restricted cash used to secure debt	32,258,065	200
Loans payable	31,000,000		31,000,000
LUSO International Bank [Member] | Loans Payable One [Member]
Debt Instrument [Line Items]
Bank loans, amount of restricted cash used to secure debt	8,064,516	50
Loans payable	7,761,153		7,761,153
LUSO International Bank [Member] | Loans Payable Two [Member]
Debt Instrument [Line Items]
Bank loans, amount of restricted cash used to secure debt	10,020,968	¥ 62
Loans payable	$ 9,816,500		$ 9,816,500

Loans Payable (Schedule of Debt

Loans Payable (Schedule of Debt Maturities) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Loans Payable [Abstract]
Due in 1 year	$ 210,572,814
1 - 2 years	45,000,000
Total loans payable	$ 255,572,814	$ 293,660,575

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details)	Apr. 22, 2015shares	Jun. 13, 2011shares	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)	Dec. 31, 2014$ / sharesshares
Stockholders' Equity Note [Line Items]
Shares issued					0
Shares retired					0
Common stock, par value | $ / shares			$ 0.001		$ 0.001		$ 0.001
Reverse stock split ratio	0.20
Common stock, authorized	20,000,000		20,000,000		20,000,000		20,000,000
Common stock, outstanding	6,960,145
Stock-based compensation | $				$ 1,003,464		$ 1,136,304
Stock Options [Member]
Stockholders' Equity Note [Line Items]
Stock-based compensation | $			$ 0	$ 1,003,464	$ 0	$ 1,136,304
Expiration period					10 years
Options granted		245,551
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%
Before Reverse Stock Split Adjustment[Member]
Stockholders' Equity Note [Line Items]
Common stock, authorized			100,000,000		100,000,000
Common stock, outstanding			34,800,558		34,800,558

Other Revenue (Details)

Other Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other Revenue [Abstract]
Interest income	$ 815,759	$ 1,089,484	$ 1,652,572	$ 2,203,549
Rental income	205,764	240,597	443,547	486,292
Income from property management services	1,465,255	1,098,983	2,856,486	2,383,049
External construction contracts	$ 1,650,793	$ 445,548	$ 2,332,747	3,411,054
Additional compensation received in connection with TangDu project				612,912
Miscellaneous income	$ 37,453	$ 379,788	$ 37,453	393,171
Total	$ 4,175,024	$ 3,254,400	$ 7,322,805	$ 9,490,027

Segment Reporting (Details)

Segment Reporting (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenues from external customers		$ 35,162,004	$ 42,483,076	$ 57,909,684	$ 62,539,433
Intersegment revenues
Rental from external customers		$ 205,764	$ 240,597	$ 443,547	$ 486,292
Miscellaneous income (mainly interest income)		853,210	1,343,590	1,690,025	3,083,949
Total revenues		36,220,978	44,067,263	60,043,255	66,109,674
Financing expense		934,063	939,852	2,006,885	2,334,382
Segment profit (loss) before taxes		(22,181,061)	(6,646,767)	(22,645,028)	(7,415,168)
Total assets		572,040,340	633,210,990	572,040,340	633,210,990	$ 626,529,360
Real Estate Development and Sales [Member]
Segment Reporting Information [Line Items]
Revenues from external customers		$ 32,045,956	$ 40,812,863	$ 52,720,451	$ 56,619,647
Intersegment revenues
Rental from external customers		$ 205,764	$ 219,078	$ 443,547	$ 442,798
Miscellaneous income (mainly interest income)		826,918	1,192,333	1,662,060	2,929,149
Total revenues		33,078,638	42,224,274	54,826,058	59,991,594
Financing expense		868,430	930,488	1,866,203	2,315,653
Segment profit (loss) before taxes		(7,699,811)	(6,989,109)	(8,397,782)	(7,546,246)
Total assets		572,266,981	817,752,060	572,266,981	817,752,060
Construction [Member]
Segment Reporting Information [Line Items]
Revenues from external customers		1,650,793	445,548	2,332,747	3,411,055
Intersegment revenues		$ 11,442,946	19,334,294	$ 15,318,005	23,729,159
Rental from external customers			$ 21,519		$ 43,494
Miscellaneous income (mainly interest income)		$ 25,735		$ 25,736
Total revenues		13,119,474	$ 19,801,361	17,676,488	$ 27,183,708
Financing expense		32,136	5,757	80,601	12,447
Segment profit (loss) before taxes		218,868	558,696	192,650	564,394
Total assets		22,311,123	94,374,453	22,311,123	94,374,453
All Other [Member]
Segment Reporting Information [Line Items]
Revenues from external customers		$ 1,465,255	$ 1,224,665	$ 2,856,486	$ 2,508,731
Intersegment revenues
Rental from external customers
Miscellaneous income (mainly interest income)		$ 557	$ 151,257	$ 2,228	$ 154,800
Total revenues		1,465,812	1,375,922	2,858,714	2,663,531
Financing expense		33,497	3,607	60,081	6,282
Segment profit (loss) before taxes		(14,600,685)	10,832	(14,385,541)	(36,218)
Total assets		$ 73,809,508	$ 168,436,312	$ 73,809,508	$ 168,436,312
Adjustments and Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues from external customers
Intersegment revenues	[1]	$ (11,442,946)	$ (19,334,294)	$ (15,318,005)	$ (23,729,159)
Rental from external customers
Miscellaneous income (mainly interest income)
Total revenues		$ (11,442,946)	$ (19,334,294)	$ (15,318,005)	$ (23,729,159)
Financing expense
Segment profit (loss) before taxes	[1]	$ (99,433)	$ (227,186)	$ (54,355)	$ (397,098)
Total assets	[2]	$ (96,347,272)	$ (447,431,835)	$ (96,347,272)	$ (447,431,835)
[1]	These represent revenues earned from construction service performed by Xinxing Construction for Real Estate Development and Sales segment and its profits. They are eliminated upon consolidation.
[2]	The adjustment represents long-term investments in Subsidiaries and inter-subsidiary balances eliminated upon consolidation.

Commitments and Contingencies60

Commitments and Contingencies (Schedule of Future Payments) (Details)	Jun. 30, 2015USD ($)
Contractual Obligations
Total	$ 212,473
Less than 1 year	$ 212,473
1-2 years
2-3 years
3-4 years
4-5 years
After 5 years
Consulting Fees [Member]
Contractual Obligations
Total	$ 212,473
Less than 1 year	$ 212,473
1-2 years
2-3 years
3-4 years
4-5 years
After 5 years

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Due to related party	$ 30,763,337		$ 30,763,337		$ 29,819,381
Interest payable	6,203,475		6,203,475		3,217,134
Xi'an Xinxing Days Hotel and Suites [Member]
Related Party Transaction [Line Items]
Related party transactions, fees incurred	29,907	$ 76,444	46,735	$ 86,445
Due to related party	6,281		6,281		15,171
Loans payable	33,043,548		33,043,548		42,371,788
Interest expense	1,172,478	1,071,320	4,159,778	2,081,578
Interest payable	2,179,407		2,179,407		1,571,477
Shanghai XinYing Fund LLC [Member]
Related Party Transaction [Line Items]
Loans payable	15,322,581		15,322,581		17,728,782
Interest expense	901,699	$ 1,339,509	1,805,000	$ 3,009,178
Interest payable	$ 38,049		$ 38,049		$ 52,004
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) - 1 months ended Aug. 14, 2015 - Subsequent Event [Member] ¥ in Thousands	USD ($)shares	CNY (¥)shares
Subsequent Event [Line Items]
Shares of common stock issued to compensate services	57,500	57,500
Shanghai XinYing Fund LLC [Member]
Subsequent Event [Line Items]
Debt repaid	$ 15,322,581	¥ 95,000
GuoXin Loan Company [Member]
Subsequent Event [Line Items]
Debt repaid	2,419,355	15,000
Days Hotel Loan [Member]
Subsequent Event [Line Items]
Proceeds from loan	24,193,548	150,000
Debt repaid	$ 911,290	¥ 5,650

Effect of Change in Estimates (

Effect of Change in Estimates (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Effect of change in estimates [Line Items]
Gross profit	$ 4,680,593		$ (816,509)	$ 8,545,642	$ 4,499,559
Net income	$ (18,977,487)	$ (478,547)	$ (6,764,041)	$ (19,456,035)	$ (7,538,094)
Basic earnings per share (in dollars per share)	$ (2.73)		$ (0.98)	$ (2.80)	$ (1.09)
Diluted earnings per share (in dollars per share)	$ (2.73)		$ (0.98)	$ (2.80)	$ (1.09)
Restatement adjustment [Member]
Effect of change in estimates [Line Items]
Gross profit	$ (1,263,517)		$ (5,324,687)	$ (1,118,885)	$ (4,976,502)
Net income	$ (1,263,517)			$ (1,118,885)	$ (4,976,502)
Basic earnings per share (in dollars per share)	$ (0.18)		$ (0.15)	$ (0.16)	$ (0.14)
Diluted earnings per share (in dollars per share)	$ (0.18)		$ (0.15)	$ (0.16)	$ (0.14)