ACCRUED EXPENSES AND OTHER PAYABLES (Tables)

9 Months Ended

Sep. 30, 2016

Payables and Accruals [Abstract]

Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]

Accrued expenses and other payables as of September 30, 2016 and December 31, 2015 consisted of:

	September 30,		December 31,
	2016		2015
	(Unaudited)
Accruals for consulting fees	$	291,322	$	259,244
Accruals for payroll		58,269		46,167
Accruals for professional fees		37,219		75,116
Accruals for rental		-		15,855
Other payables		76,796		19,261
Trading and clearing system		64,614		76,763
Temporary customer deposits		-		175,216
Total accrued expenses and other payables	$	528,220	$	667,622