GOODWILL

3 Months Ended

Mar. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Disclosure [Text Block]

NOTE 4 – GOODWILL

Applying discounted cash flows for its 2014 annual impairment test, the estimated fair value was below the carrying amount of its net assets. As such, the Group impaired all goodwill and recorded an impairment loss of $ 264,464 as of December 31, 2014. As of March 31 2015, the goodwill is nil.