XML 19 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows used in operating activities    
Net income/(loss) $ 510,187 $ (8,728)
Depreciation and amortization 74
Gain from disposal (375,989)
Increase in related party receivable (288,190) $ (52,090)
Decrease in accrued liabilities (9,709) 101,208
(Decrease)/increase in related party advances 1,380 7,963
Net cash (used in)/provided by operating activities (162,246) $ 48,352
Cash flows from investing activities    
Purchase of intangible asset (370)
Net cash used in investing activities (370)
Cash flows from financing activities    
Increase in related party payable 22,398 $ 51,000
Net cash provided by financing activities 22,398 51,000
Net decrease of cash and cash equivalents (140,218) 99,352
Effect of foreign currency translation on cash and cash equivalents (4,223) (325)
Cash and cash equivalents - beginning of year 186,607 87,580
Cash and cash equivalents - end of year 42,166 $ 186,607
Supplemental disclosure of cash flow information    
Interest received $ 302
Interest paid
Income taxes paid