XML 26 R15.htm IDEA: XBRL DOCUMENT v3.19.1
Non-controlling Interests
3 Months Ended
Mar. 31, 2019
Noncontrolling Interest [Abstract]  
Non-controlling Interests

NOTE 9. Non-controlling Interests

 

Jiarun is the Company’s majority-owned subsidiary which is consolidated in the Company’s financial statements with a non-controlling interest recognized. The Company holds a 70% equity interest in Jiarun as of March 31, 2019 and December 31, 2018.

 

As of March 31, 2019 and December 31, 2018, NCI on the consolidated balance sheet was $8,354,946 and $7,895,376, respectively, representing the 30% of Jiarun that is owned by Junsheng Zhang. For the three months ended March 31, 2019, the comprehensive income attributable to shareholders’ equity and NCI is $1,022,745 and $459,570 respectively. For the three months ended March 31, 2018, the comprehensive income attributable to shareholders’ equity and NCI is $2,003,906 and $857,721 respectively.