XML 33 R24.htm IDEA: XBRL DOCUMENT v3.4.0.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2016
Accounting Policies [Abstract]  
Schedule of Foreign Exchange Rates [Table Text Block]
Exchange rate used for the translation as follows:
 
 
 
March 31,
 
March 31,
 
December 31,
 
RMB to US$
 
2016
 
 
2014
 
2015
 
Period end spot rate
 
 
0.15468
 
 
0.16369
 
 
0.15411
 
Average periodic rate
 
 
0.15288
 
 
0.16275
 
 
N/A
 
Property, Plant and Equipment, Estimated Useful Lives [Table Text Block]
Property and equipment are recorded at cost and depreciated using the straight-line method, at original cost, over the estimated useful lives of the assets as follows:
 
Machinery
5 years
Office equipment
5 years
Motor Vehicle
10 years