Lease Commitments

12 Months Ended

Dec. 31, 2018

Lease Commitments [Text Block]

14.	Lease Commitments
	For the year ended December 31, 2017, Taishan Muren Agriculture Co. Ltd. entered into four operating lease agreements leasing two plots of land where biological assets are grown, two offices, and farming facilities. For the year ended December 31, 2018, Taishan Muren Agriculture Co. Ltd. entered into three operating lease agreements leasing three additional plots of land where biological assets are grown.
	The leases entered and expires as follows:

Lease	Date Commenced	Date of expiration
Lease #1	March 1, 2016	February 28, 2031
Lease #2	March 1, 2016	February 28, 2031
Lease #3	March 1, 2016	February 28, 2031
Lease #4	November 1, 2016	November 1, 2019
Lease #5	January 1, 2017	February 28, 2031
Lease #6	January 1, 2017	February 28, 2031
Lease #7	January 1, 2018	February 28, 2031

The minimum future lease payments for these properties at December 31, 2018 are as follows:

Period		Lease Payable
Year 1	$	220,382
Year 2		220,222
Year 3		220,222
Year 4		220,222
Year 5		220,222
Thereafter		1,578,255
	$	2,679,524

The outstanding lease commitments for the leases listed above as of December 31, 2018 was $2,679,524.