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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 9,819,260 $ 8,799,261
Accounts receivable, net 227,384 21,424
Other receivable, net 683,666 629,956
Other current assets 2,947 15,374
Short-term loan receivable, net 0 4,029,269
Total current assets 10,733,257 13,495,284
Property and equipment, net 225,800 207,295
Rental property, net 35,502,002 40,281,830
Total assets 46,461,059 53,984,409
Current liabilities:    
Bank loans 4,631,202 21,242,304
Accounts payable 4,441,362 4,566,001
Accrued expenses 13,376 7,388
Other payable 1,917,779 1,893,433
Due to a related party 314,975 314,975
Payable to disposed subsidiaries 803,628 839,013
Advances from tenants 1,512,204 1,449,792
Taxes payable 4,467,561 4,535,002
Total current liabilities 18,102,087 34,847,908
Stockholders' equity:    
Common stock, $.001 par value 50,000,000 shares authorized, 14,059,966 and 11,759,966 issued and outstanding as of December 31, 2015 and December 31, 2014, respectively 14,060 11,760
Additional paid in capital 12,107,856 4,566,156
Statutory reserve 638,128 638,128
Accumulated other comprehensive income 3,684,314 4,624,890
Retained earnings 11,771,832 9,295,567
Total stockholders' equity 28,216,190 19,136,501
Non-controlling interest 142,782 0
Total equity 28,358,972 19,136,501
Total liabilities and equity $ 46,461,059 $ 53,984,409