XML 29 R15.htm IDEA: XBRL DOCUMENT v3.3.1.900
LEASE COMMITMENTS
12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Note 8 - LEASE COMMITMENTS

On January 4, 2013, the Company entered into an operating lease agreement with a related party leasing for office space located in Xianyang City, Shaanxi Province. The lease expires on December 31, 2045. As of December 31, 2015 and 2014, the Company had commitments for future minimum lease payments under a non-cancelable operating lease as follows:

  

Period   12/31/2015     12/31/2014  
Year 1   $ 2,958     $ 3,128  
Year 2     2,958       3,128  
Year 3     2,958       3,128  
Year 4     2,958          
Year 5     2,958          
Year 6 and after     73,952          
Total   $ 88,742     $ 9,384