XML 24 R13.htm IDEA: XBRL DOCUMENT v3.4.0.3
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Note 8 - SUBSEQUENT EVENTS

On April 12, 2016, the Company borrowed loan of $21,666 (RMB140,000) from Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd, a related party of the Company, for daily operating purpose. The loan is interest free, unsecured, and matures in April 2017.

 

On April 28, 2016, the Company borrowed a loan of $3,080 (RMB20,000) from Shaanxi Dukang Liquor Trading Co., Ltd, a related party of the Company, for daily operating purpose. The loan is interest free, unsecured, and matures in April 2017.

 

On April 29, 2016, the cancellation of Shaanxi East Mining Co., Ltd., a related party of the Company, was approved by the Administration of Industry and Commerce of Shaanxi Province. The principal shareholder of Shaanxi East Mining Co., Ltd. was Zhang Hongjun, the controlling person of the Company. As of March 31, 2016, the Company owed $56,990 to Shaanxi East Mining Co., Ltd.