XML 34 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (88,087) $ (136,073)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expenses 493 5,464
Loss from sale of property and equipment 1,551 0
Changes in operating assets and liabilities:    
Accounts receivable 0 3,271
Other receivables 7,611 (699)
Inventory (777) 11,794
Deposits 0 6,899
Prepaid expenses (1,529) 0
Other assets 0 (4,712)
Accounts payable and accrued expense 67,710 855
Accrued expense-related party 573 0
Advances from customers 0 (1,089)
Other payables 0 1,016
Net cash used in operating activities (12,455) (113,274)
CASH FLOWS FROM INVESTING ACTIVITIES    
Payments for purchase of property and equipment 0 (48,512)
Payments for purchase of intangible assets 0 (1,730)
Proceeds from sales of property and equipment 29,673 0
Net cash provided by (used in) investing activities 29,673 (50,242)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from loan payable-related party 0 149,500
Net cash provided by financing activities 0 149,500
Effect of exchange rate changes on cash and cash equivalents (1,454) (1,471)
NET INCREASE (DECREASE) IN CASH 15,764 (15,487)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 4,184 16,302
CASH AND CASH EQUIVALENTS, END OF PERIOD 19,948 815
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Interest paid 0 0
Income taxes paid $ 0 $ 0