Discontinued operations

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued operations

Note 3 – Discontinued Operations

In June 2014, the Company changed its business from selling enzyme products to engaging in the business of funeral management services, and the only revenues from the enzyme products operation subsequent to June 2014 represented sales of inventory on hand.  On October 2, 2015, the Company determined to completely cease the enzyme products operations. Thereafter, the Company was engaged in one single operating segment consisting of funeral management service in Taiwan. The enzyme products operations have been segregated and reported as discontinued operations for all the periods presented in the Company’s consolidated financial statements.

The carrying amounts of the major classes of assets and liabilities of the discontinued operation as of December 31, 2014 were as follows:

Inventories	$	870
Current assets		870
Total assets		870
Accrued expenses and other payables		(5,361	)
Accrued expenses and other payables - related party		(1,101	)
Current liabilities		(6,462	)
Total liabilities	$	(6,462	)

Summary of the operating results for the year end December 31, 2014 from discontinued operation were as follows:

	Year ended December 31, 2014
Net revenue from discontinued operation	$	1,556
Loss on discontinued operations, net of tax	$	(23,724	)