BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Purchase Price Allocation of Assets and Liabilities [Table Text Block]

Accounts receivable	$	4,227
Inventories		1,714,957
Others receivable		523,857
Property, plant and equipment		1,295,170
Intangible – 28 bus licenses		1,018,125
Bank note payable		(66,425	)
Accounts payable		(2,055,941	)
Accrued liabilities		(816,482	)
Due to related parties		(281,131	)
Due to director		(84,519	)
Others payable		(29,910	)
Subtotal	$	1,221,928
Goodwill (cost in excess of FMV)		468,546
Total purchase price paid	$	1,690,474

Schedule of Recognized Gains on the Sale of Subdsidiaries [Table Text Block]

		Minghua Hong			Minghua			Minghua
		Kong			Seience			China
		US$			US$			US$			Total
Inventories	$	-		$	-		$	304		$	304
Prepaid expenses		-			-			66,412			66,412
Other fixed assets		-			-			450,424			450,424
Accumulated depreciation		-			-			(401,208	)		(401,208	)
Accounts payable		-			-			(3,274	)		(3,274	)
Accrued expenses		(70,902	)		(4,486	)		(429,353	)		(504,741	)
Due to directors		-			-			(92,779	)		(92,779	)
Others payable		-			-			(51,591	)		(51,591	)
Short-term loan		-			-			(171,372	)		(171,372	)
		(70,902	)		(4,486	)		(632,437	)		(707,825	)