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PREPAYMENT AND OTHER CURRENT ASSETS
 9 Months Ended
Sep. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Current Assets [Text Block]
3. PREPAYMENT AND OTHER CURRENT ASSETS
 
 
 
September 30,
2016
 
December 31,
2015
 
 
 
(Unaudited)
 
 
 
 
Prepayment
 
$
804,161
 
$
1,172,405
 
Prepaid expense and other receivables
 
 
87,975
 
 
-
 
Prepayment and other current assets
 
$
892,136
 
$
1,172,405
 
 
Prepayment mainly consists of the prepaid service fee for the development and maintenance of online trading system, as well as the advertising and promotional services.