XML 55 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended 211 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2014
Cash flows from operating activities:      
Net loss $ (396,375)us-gaap_ProfitLoss $ (476,161)us-gaap_ProfitLoss $ (31,022,651)us-gaap_ProfitLoss
Adjustments to reconcile net loss to net cash used in operations:      
Depreciation and amortization 22,792us-gaap_DepreciationAndAmortization 38,182us-gaap_DepreciationAndAmortization 1,292,028us-gaap_DepreciationAndAmortization
Loss on sales of property and equipment 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment 0us-gaap_GainLossOnSaleOfPropertyPlantEquipment 9,873us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Loss on disposal of fixed assets 0us-gaap_GainLossOnDispositionOfAssets 29,227us-gaap_GainLossOnDispositionOfAssets 29,227us-gaap_GainLossOnDispositionOfAssets
Impairment loss for fixed assets 0us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 20,646us-gaap_ImpairmentOfLongLivedAssetsHeldForUse 1,073,596us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
Write-off goodwill and inventory 0cgyg_WriteOffGoodwillAndInventory 0cgyg_WriteOffGoodwillAndInventory 7,101,506cgyg_WriteOffGoodwillAndInventory
Stock issued for services and debt 0us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 0us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 1,869,100us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
(Gain) loss on disposition in subsidiary 0cgyg_GainLossOnDispositionInSubsidiary 0cgyg_GainLossOnDispositionInSubsidiary (3,882,796)cgyg_GainLossOnDispositionInSubsidiary
Research and development expenses recorded in organiza 0cgyg_ResearchAndDevelopmentExpensesRecordedInOrganization 0cgyg_ResearchAndDevelopmentExpensesRecordedInOrganization 8,612,730cgyg_ResearchAndDevelopmentExpensesRecordedInOrganization
Reorganization expenses recorded in organization 0us-gaap_RestructuringCosts 0us-gaap_RestructuringCosts 455,830us-gaap_RestructuringCosts
Changes in operating assets and liabilities:      
Accounts receivalbes (6,632)us-gaap_IncreaseDecreaseInAccountsReceivable 145,573us-gaap_IncreaseDecreaseInAccountsReceivable (24,230)us-gaap_IncreaseDecreaseInAccountsReceivable
Other receivables 3,809us-gaap_IncreaseDecreaseInOtherReceivables 2,488us-gaap_IncreaseDecreaseInOtherReceivables 5,327,307us-gaap_IncreaseDecreaseInOtherReceivables
Due from related parties 0us-gaap_IncreaseDecreaseInDueFromRelatedParties 56,257us-gaap_IncreaseDecreaseInDueFromRelatedParties 31,486us-gaap_IncreaseDecreaseInDueFromRelatedParties
Interest receivable 0us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet 0us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet 17,667us-gaap_IncreaseDecreaseInAccruedInterestReceivableNet
Deposits and prepayment 479us-gaap_IncreaseDecreaseInDeposits 36us-gaap_IncreaseDecreaseInDeposits 694,702us-gaap_IncreaseDecreaseInDeposits
Inventory 10,075us-gaap_IncreaseDecreaseInInventories 39,715us-gaap_IncreaseDecreaseInInventories (812,242)us-gaap_IncreaseDecreaseInInventories
Other payables 139,048us-gaap_IncreaseDecreaseInOtherCurrentLiabilities 21,355us-gaap_IncreaseDecreaseInOtherCurrentLiabilities (131,170)us-gaap_IncreaseDecreaseInOtherCurrentLiabilities
Due to related parties 46,289us-gaap_IncreaseDecreaseInDueToRelatedParties 90,513us-gaap_IncreaseDecreaseInDueToRelatedParties 100,865us-gaap_IncreaseDecreaseInDueToRelatedParties
Accounts payable and accrued liabilities (28)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 614us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (3,320,211)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash used in operations (180,543)us-gaap_NetCashProvidedByUsedInOperatingActivities (31,555)us-gaap_NetCashProvidedByUsedInOperatingActivities (12,577,383)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:      
Reorganization - net of cash acquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (320,579)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Purchase of subsidiaries 0us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates 0us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates (1,690,474)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates
Redemption of short term investment 0us-gaap_ProceedsFromSaleOfShortTermInvestments 0us-gaap_ProceedsFromSaleOfShortTermInvestments 665,092us-gaap_ProceedsFromSaleOfShortTermInvestments
Purchases of intangible assets 0us-gaap_PaymentsToAcquireIntangibleAssets 0us-gaap_PaymentsToAcquireIntangibleAssets (833,357)us-gaap_PaymentsToAcquireIntangibleAssets
Purchases of property and equipment (5,298)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (1,518)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (558,832)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Purchases of construction in progress 0us-gaap_PaymentsForConstructionInProcess 0us-gaap_PaymentsForConstructionInProcess (169,081)us-gaap_PaymentsForConstructionInProcess
Sales of property and equipment 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 0us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 701,100us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Deposit on subsidiary 0us-gaap_PaymentsForOtherDeposits 0us-gaap_PaymentsForOtherDeposits (10,922)us-gaap_PaymentsForOtherDeposits
Net cash provided by (used in) investing activities (5,298)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,518)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,217,053)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:      
Addition of short term loans 0us-gaap_ProceedsFromShortTermDebt 0us-gaap_ProceedsFromShortTermDebt 1,612us-gaap_ProceedsFromShortTermDebt
Collecttion from shareholders 0us-gaap_ProceedsFromContributedCapital 0us-gaap_ProceedsFromContributedCapital 503,171us-gaap_ProceedsFromContributedCapital
Payments to stockholders 0cgyg_PaymentsToStockholders 0cgyg_PaymentsToStockholders (1,634,763)cgyg_PaymentsToStockholders
Proceeds from issuance of stock 0us-gaap_ProceedsFromIssuanceOfCommonStock 0us-gaap_ProceedsFromIssuanceOfCommonStock 13,149,845us-gaap_ProceedsFromIssuanceOfCommonStock
Proceeds from convertible promissory note 0us-gaap_ProceedsFromConvertibleDebt 0us-gaap_ProceedsFromConvertibleDebt 3,128,225us-gaap_ProceedsFromConvertibleDebt
Dividends paid 0us-gaap_PaymentsOfDividends 0us-gaap_PaymentsOfDividends (1,000,000)us-gaap_PaymentsOfDividends
Proceeds to notes payable 0us-gaap_ProceedsFromNotesPayable 0us-gaap_ProceedsFromNotesPayable 649,492us-gaap_ProceedsFromNotesPayable
Payments on notes payable 0us-gaap_RepaymentsOfNotesPayable 0us-gaap_RepaymentsOfNotesPayable (612,582)us-gaap_RepaymentsOfNotesPayable
Proceeds (repayments) loans from directors 206,414us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt 55,176us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt 515,060us-gaap_ProceedsFromRepaymentsOfRelatedPartyDebt
Net cash provided by financing activities 206,414us-gaap_NetCashProvidedByUsedInFinancingActivities 55,176us-gaap_NetCashProvidedByUsedInFinancingActivities 14,700,060us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of foreign exchange rate fluctuation 5,078us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (13,304)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 140,742us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Increase(decrease) in cash and cash equivalents 25,651us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 8,799us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 46,366us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 20,715us-gaap_CashAndCashEquivalentsAtCarryingValue 11,916us-gaap_CashAndCashEquivalentsAtCarryingValue 0us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 46,366us-gaap_CashAndCashEquivalentsAtCarryingValue 20,715us-gaap_CashAndCashEquivalentsAtCarryingValue 46,366us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information:      
Cash paid for interest 0us-gaap_InterestPaid 0us-gaap_InterestPaid 0us-gaap_InterestPaid
Cash paid for income taxes $ 0us-gaap_IncomeTaxesPaid $ 0us-gaap_IncomeTaxesPaid $ 0us-gaap_IncomeTaxesPaid