RELATED PARTY RECEIVABLES

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Note 4 - RELATED PARTY RECEIVABLES

Related party receivables consisted of the following as of December 31, 2015 and 2014:

	12/31/2015		12/31/2014
Wu, Jing Meng	$	843,025	$	599,495

Related party receivable represented advances made by the Company to Mr. Wu, the deputy general manager of the Company. The funds will be used by Mr. Wu to pay for construction of a second senior home in Xianyang City, Shaanxi Province. The Company will provide management services to this new senior home after the construction is completed. The receivable had no impact on earnings. The balance of related party receivables is unsecured, interest-free and has no fixed terms of repayment. It is neither past due nor impaired. Management believes the amounts are recoverable.