v2.4.0.8
NATURE OF BUSINESS AND BASIS OF FINANCIAL STATEMENT PREPARATION (Tables)
6 Months Ended
Jun. 30, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]  
Consolidation Entities Nature Of Business [Table Text Block]
Details of our subsidiaries subject to consolidation are as follows:
 
 
 
Domicile and
 
 
 
 
Percentage
 
 
 
 
 
Date of
 
Registered
 
of
 
 
 
Name of Subsidiary
 
Incorporation
 
Capital
 
Ownership
 
Principal Activities
 
City Zone Holdings Limited ("City Zone")
 
British Virgin Islands, July 27, 2009
 
$
20,283,581
 
 
100
%
Holding company of Most Smart
 
 
 
 
 
 
 
 
 
 
 
 
 
Most Smart International Limited ("Most Smart")
 
Hong Kong, March 11, 2009
 
$
1
 
 
100
%
Holding company of Shenzhen Redsun
 
 
 
 
 
 
 
 
 
 
 
 
 
Redsun Technology (Shenzhen) Co., Ltd. ("Shenzhen Redsun")
 
The PRC, August 20, 2009
 
$
30,000
 
 
100
%
Holding company of Shenzhen JiRuHai, Taizihu and Huichun
 
 
 
 
 
 
 
 
 
 
 
 
 
Shenzhen JiRuHai Technology Co., Ltd.("Shenzhen JiRuHai")
 
The PRC, August 20, 2009
 
$
14,638
 
 
100
%
Holding company of Beijing Detian Yu
 
 
 
 
 
 
 
 
 
 
 
 
 
Detian Yu Biotechnology (Beijing) Co., Ltd. ("Detian Yu")
 
The PRC, November 30, 2006
 
$
7,637,723
 
 
100
%
Wholesale distribution of simple-processed and deep-processed packaged food products and staple food.
Holding company of the following first five entities.
 
 
 
 
 
 
 
 
 
 
 
 
 
JinzhongDeyu Agriculture Trading Co., Ltd. ("JinzhongDeyu")
 
The PRC, April 22, 2004
 
$
1,492,622
 
 
100
%
Organic grains preliminary processing and wholesale distribution.
 
 
 
 
 
 
 
 
 
 
 
 
 
JinzhongYongcheng Agriculture Trading Co., Ltd. ("JinzhongYongcheng")
 
The PRC, May 30, 2006
 
$
1,025,787
 
 
100
%
Corns preliminary processing and wholesale
 
 
 
 
 
 
 
 
 
 
 
 
 
JinzhongYuliang Agriculture Trading Co., Ltd. ("JinzhongYuliang")
 
The PRC, March 17, 2008
 
$
13,963,243
 
 
100
%
Corns preliminary processing and wholesale distribution.
 
 
 
 
 
 
 
 
 
 
 
 
 
Tianjin Guandu Food Co., Ltd. ("Tianjin Guandu") *
 
The PRC, June 21, 2011
 
$
1,544,497
 
 
100
%
Wholesale distribution of simple-processed and deep-processed packaged food products and staple food.
 
 
 
 
 
 
 
 
 
 
 
 
 
HebeiYugu Grain Co., Ltd. ("HebeiYugu")
 
The PRC, July 25, 2011
 
$
1,563,824
 
 
70
%
Wholesale distribution of grain products and operating or acting as an agent of import & export business for
grain products.
 
 
 
 
 
 
 
 
 
 
 
 
 
Shanxi Taizihu Food Co., Ltd. (“Taizihu”)
 
The PRC, July 27, 2003
 
$
1,208,233
 
 
100
%
Producing and selling fruit beverages and soybean products.
 
 
 
 
 
 
 
 
 
 
 
 
 
Shanxi HuiChun Bean Products Co., Ltd. (“Huichun”)
 
The PRC, September 2, 2007
 
$
2,636,192
 
 
100
%
Producing and selling fruit beverages and soybean products.
 
 
 
 
 
 
 
 
 
 
 
 
 
Jilin Jinglong Agriculture Development Limited (“Jinglong”)
 
The PRC, October 10, 2012
 
$
3,152,138
 
 
99
%
Procurement, storage and sales of corn and grain.
 
 
*
Tianjin Guandu completed the deregistration procedure with the Tianjin Industrial and Commercial Bureau on May 28, 2014.