PROPERTY AND EQUIPMENT, NET

9 Months Ended

Sep. 30, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

6. PROPERTY AND EQUIPMENT, NET

Property and equipment consisted of the following:

	September 30,		December 31,
	2016		2015
	(Unaudited)
Furniture, fixtures and equipment	$	64,591	$	61,787
Leasehold improvements		153,576		140,955
Computer trading and clearing system		2,581,113		1,628,542
Sub-total		2,799,280		1,831,284
Less: accumulated depreciation		(990,542)		(618,029)
Property and equipment, net	$	1,808,738	$	1,213,255

Depreciation expense was $133,608 and $83,981 for the three months ended September 30, 2016 and 2015, respectively, and $373,308 and $240,921 for the nine months ended September 30, 2016 and 2015, respectively.