XML 52 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
PREPAID EXPENSES AND OTHER CURRENT ASSETS (Details Textual)
1 Months Ended
Dec. 09, 2015
$ / shares
shares
Nov. 12, 2015
USD ($)
[1]
Nov. 12, 2015
CNY (¥)
May 05, 2015
$ / shares
shares
Jun. 06, 2014
shares
May 23, 2016
$ / shares
shares
sinoConsulting And Advisory Services Agreement [Member]            
Prepaid Expenses And Other Current Assets [Line Items]            
Payment For Consultant Services   $ 316,298 ¥ 2,100,000      
Consulting and Advisory Services Agreement [Member]            
Prepaid Expenses And Other Current Assets [Line Items]            
Stock Issued During Period, Shares, Issued for Services 250,000          
Shares Issued, Price Per Share | $ / shares $ 1.02         $ 0.72
Additional Shares Issued for Services           250,000
Two Consultants [Member]            
Prepaid Expenses And Other Current Assets [Line Items]            
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares         600,000  
Three Consultants [Member]            
Prepaid Expenses And Other Current Assets [Line Items]            
Stock Issued During Period, Shares, Issued for Services       500,000    
Shares Issued, Price Per Share | $ / shares       $ 1.50    
[1] The Company entered into management consulting and advisory services agreements with two consultants on June 6, 2014, pursuant to which the consultants should assist the Company in, among other things, financial and tax due diligence, business evaluation and integration, and development of pro forma financial statements. In return for their services, as approved by the Company’s Board of Directors, a total of 600,000 shares of the Company’s common stock were issued to these two consultants. Their service agreements are for the period from July 1, 2014 to December 31, 2016.