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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of cash balances by geographic area

At June 30, 2017 and December 31, 2016, the Company’s cash balances by geographic area were as follows:

 

Country:   June 30, 2017     December 31, 2016  
United States   $ 192,622       50.4 %   $ 360,559       12.5 %
China     189,332       49.6 %     2,525,630       87.5 %
Total cash   $ 381,954       100.0 %   $ 2,886,189       100.0 %
Schedule of reconciliation of basic and diluted net income (loss) per share

The following table presents a reconciliation of basic and diluted net loss per share:

 

    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2017     2016     2017     2016  
Net loss for basic and diluted net loss per share of common stock   $ (430,508 )   $ (46,000 )   $ (979,841 )   $ (105,471 )
Weighted average common stock outstanding - basic and diluted     64,628,622       50,000,000       63,617,572       50,000,000  
Net loss per common shares - basic and diluted   $ (0.007 )   $ (0.001 )   $ (0.015 )   $ (0.002 )