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Parent Company Only Condensed Financial Information: Condensed Balance Sheet (Tables)
6 Months Ended
May 31, 2016
Tables/Schedules  
Condensed Balance Sheet

 

ASSETS

 

May 31,

2016

 

November 30,

2015

 

 

(Unaudited)

 

 

 

 

 

 

 

Other receivable from Guangdong Gewang

$

14,848,200

$

5,000,000

Investments in subsidiaries and VIE

 

5,999,738

 

3,977,483

 

 

 

 

 

TOTAL ASSETS

$

20,847,938

$

8,977,483

 

 

 

 

 

LIABILITIES AND stockholders’

 EQUITY

 

 

 

 

 

 

 

 

 

Current liabilities:

 

 

 

 

Accrued expenses

$

20,455

$

33,375

Stockholder loans

 

209,864

 

156,866

 

 

 

 

 

Total current liabilities

 

230,319

 

190,241

 

 

 

 

 

Stockholders’ equity:

 

 

 

 

Common stock, $0.001 par value, 75,000,000 shares authorized, 75,000,000 and 45,500,000 shares issued and outstanding as of May 31, 2016 and November 30, 2015, respectively

 

75,000

 

45,500

Additional paid-in capital

 

16,811,095

 

6,525,743

Retained earnings

 

3,849,749

 

2,186,255

Statutory reserve fund

 

443,757

 

281,766

Other comprehensive (loss) income

 

(561,982)

 

(252,022)

 

 

 

 

 

Total stockholder’s equity

 

20,617,619

 

8,787,242

 

 

 

 

 

TOTAL LIABILITIES AND

    STOCKHOLDERS’ EQUITY

$

20,847,938

$

8,977,483