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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net income/(loss) $ 172,496 $ 51,827
Increase in related party receivable (177,648) (238,648)
(Decrease)/increase in accrued liabilities (76,083) 126,545
Decrease in related party advances (6,641) (416)
Net cash used in operating activities (87,876) $ (60,692)
Cash flows from investing activities    
Purchase of intangible asset (373)
Net cash used in investing activities (373)
Cash flows from financing activities    
Increase in related party payable 22,678 $ 46,000
Net cash provided by financing activities 22,678 46,000
Net decrease of cash and cash equivalents (65,571) (14,692)
Effect of foreign currency translation on cash and cash equivalents (4,209) (593)
Cash and cash equivalents - beginning of year 186,607 87,580
Cash and cash equivalents - end of year $ 116,827 $ 72,295
Supplemental disclosure of cash flow information    
Interest received
Interest paid
Income taxes paid
Supplementary disclosure of non-cash activities:    
a.) In 2014, the Company issued 4,080,000 shares of common stock as a result of conversion of note payable in the amount of $600,000 in principal and $251,836 in accrued interest.
b.) In 2015, the Company approved to issue 2,720,000 shares of common stock as a result of conversion of note payable in the amount of $400,000 in principal and $84,800 in accrued interest.