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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
12 Months Ended 57 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Cash flows used in operating activities      
Net (Loss) / Income $ (247,239) $ (364,699) $ (853,047)
Adjustments to reconcile net income to net cash flows used in operating activities:      
Depreciation
Re-organization (reverse merger and spin-off) (9,195)
Stock based compensation 85,000
Non-controlling interest
Changes in operating assets and liabilities:      
Accounts receivable
Deferred cost
Deposits, prepaid expenses and other receivables
Accounts payable (1,904)
Disposal of fixed asset
Deferred revenue
Other payables and accrued liabilities 209,492 134,119 408,387
Income tax payable
Net cash flows (used in)/generated from operating activities (37,747) (232,484) (368,855)
Cash flows from investing activity      
Disposal of subsidiary OODI 22,942 22,942
Acquisition of plant and equipment
Net cash flows (used in) investing activity 22,942 22,942
Cash flows from financing activities      
Proceeds from issuance of common stock 42,000 260,000 360,576
Amounts due from related parties
Amounts due to related parties (29,056) (31,762) (14,490)
Increase in restricted cash
Dividend paid to non-controlling interest
Net cash flows generated from /(used in) financing activities 12,944 228,238 346,086
Net (decrease)/increase in cash and cash equivalents (1,861) (4,246) 173
Effect of foreign currency translation on cash and cash equivalents
Cash and cash equivalents - beginning of year 2,034 6,280
Cash and cash equivalents - end of year 173 2,034 173
Cash paid for :      
Interest
Income taxes