Stockholders' Equity

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Stockholders' Equity

15. Stockholders’ Equity

Issuance of common stock

In the second quarter of 2014, the Company amended its articles of incorporation to increase the authorized shares of common stock from 250,000,000 shares to 1,000,000,000 shares. The following table summarizes the Company’s issuance of common stock during the three-month period ended March 31, 2015:

Purchasers	Securities sold	Date of securities issued	Consideration
Forwin International Financial	5,000,000 Shares	January 16, 2015	$10,000, or $2 per Share
Central Able Investment Limited	2,500,000 Shares	January 30, 2015	$5,000, or $2 per Share
CECEP HK	5,722,9771 Shares	January 30, 2015	$8,269
Restricted Stocks, Exercised	18,700,000 Shares2	March 2, 2015	Nil
Restricted Stocks, Exercised	500,000 Shares2	March 26, 2015	Nil

Note:

1. On January 30, 2015, the Company issued 5,722,977 shares of Common Stock as part of the consideration to acquire all the outstanding capital stock of CECEP as described in Note 4—Business combination.

2. On March 2, 2015 and March 26, 2015, the Company issued Restricted Stock underlying 19,200,000 shares of the Company’s common stock to certain management members, which were exercised in March 2015.