Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

LONG-TERM INVESTMENTS (Details 3)

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LONG-TERM INVESTMENTS (Details 3) - Available-for-sale investment - Brilent Inc. - The Notes
Mar. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Mar. 31, 2016
CNY (¥)
Mar. 30, 2016
CNY (¥)
Mar. 24, 2016
USD ($)
Available-for-sale investments          
Maximum amount of investments allowed for purchase         $ 2,500,000
ATA BVI          
Available-for-sale investments          
Principal amount of investments $ 300,000     ¥ 1,938,360  
Interest rate per annum (as a percent) 6.00%        
Cash consideration $ 300,000        
Term of investments 24 months        
Amount converted to, as a percentage of qualified financing security purchase price 75.00%        
Fair value of investments   $ 300,000 ¥ 1,938,360