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BALANCES WITH RELATED PARTIES (Tables)
 6 Months Ended
Jun. 30, 2017
BALANCES WITH RELATED PARTIES  
Schedule of related party transactions

 

 

 

 

 

June 30,

 

December 31,

 

 

 

Note

 

2017

 

2016

 

 

 

 

 

 

 

 

 

Due from related companies

 

 

 

 

 

 

 

Shenzhen Haixin Porter Enterprise Service Platform Management Co., Ltd

 

(a)

 

$

—

 

$
95,812

 

Shenzhen Wisdom Business Alliance Industry Fund Enterprises (Limited Partnership)

 

 

 

—

 
1,310

 

Shenzhen Wisdom Business Alliance Investment Management Limited

 

 

 

—

 
1,044

 

Shenzhen Porter City Fund Management Limited

 

 

 

—

 
515

 

Hong Kong Porter Warehouse Business Group Limited

 

 

 
4,765

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

$
4,765

 

$
98,681

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Ms. Xiaomei Xiong is a supervisor and a 51% shareholder of Shenzhen Haixin Porter Enterprise Service Platform Management Co., Ltd. The amount was fully repaid to the Company in 2017.

 

 

 

 

 

 

June 30,

 

December 31,

 

 

 

Note

 

2017

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Due to related companies

 

 

 

 

 

 

 

Shenzhen Porter Holdings Limited

 

(b)

 

$
1,443,927

 

$
1,694,052

 

Liaoning Northeast Asia Porter City Investment Limited

 

(c)

 
189,237

 
213,632

 

 

 

 

 

 

 

 

 

 

 

 

 

$
1,633,164

 

$
1,907,684

 

 

 

 

 

 

 

 

 

 

 

Due to shareholders

 

 

 

 

 

 

 

Mr. Zongjian Chen

 

 

 

$
121,655

 

$

—

 

Mr. Zonghua Chen

 

 

 
607,274

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

$
728,929

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

(b)

Mr. Zongjian Chen is the Chairman, the legal representative and a 60% shareholder of Shenzhen Porter Holdings Limited

(c)

Mr. Zonghua Chen is a supervisor and Mr. Zongjian Chen a 45% shareholder of Liaoning Northeast Asia Porter City Investment Limited