XML 36 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and cash equivalents $ 119,236 $ 71,405
Other receivables 323,830 325,812
Related party receivables 1,573,861 $ 1,630,352
Prepaid expenses 2,950
Prepaid taxes 15,348
Total Current Assets 2,035,225 $ 2,027,569
Non-current Assets    
Property, plant and equipment, net 21,764 $ 29,146
Intangible asset, net 1,354
Deposits 4,700
Total Non-Current Assets 27,818 $ 29,146
Total Assets 2,063,043 2,056,715
Current Liabilities    
Accounts payable 233,761 315,746
Taxes payable 1,226,319 722,023
Other payables 183,708 324,000
Related party payables 644,658 332,697
Accrued expenses 26,667 250,000
Capital lease - current portion 8,794 8,987
Convertible promissory note - due to shareholders 1,286,638 1,286,638
Total Current Liabilities 3,610,545 3,240,091
Non-current Liabilities    
Capital lease 19,700 20,159
Total Liabilities $ 3,630,245 $ 3,260,250
Commitment and contingencies
Stockholders' Equity    
Common stock, $0.001 par value, 100,000,000 shares authorized, 98,405,005 and 58,405,005 shares issued and outstanding as of September 30, 2015 and December 31, 2014, respectively. $ 98,405 $ 58,405
Additional paid in capital 14,457,865 13,997,865
Accumulated deficit (16,078,968) (15,259,612)
Total Stockholders' Equity (44,504) (193)
Total Liabilities and Stockholders' Equity $ 2,063,043 $ 2,056,715