v2.4.0.8

SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information, By Segment [Table Text Block]

For the six months ended		Corn			Grain			Bulk Trading
June 30, 2014		Division			Division			Division			Others		Total
Revenues from external customers		$	16,793,595		$	15,159,046		$	583,567				$	32,536,208
Loss on inventory valuation reserve
Intersegment revenues			-			-			-		-			-
Interest revenue			1,196			525			150		87			1,959
Interest expense			(210,244)			(180,001)			-		(438)			(390,682)
Net interest (expense) income			(209,048)			(179,476)			150		(350)			(388,723)
Depreciation and amortization			(290,267)			(755,118)			(2,326)		(101,886)			(1,149,597)
Noncontrolling interest			-			-			-		307			307
Segment net profit (loss)			(9,501,165)			(693,669)			(747,339)		(1,260,412)			(12,202,585)

For the three months ended		Corn			Grain			Bulk Trading
June 30, 2014		Division			Division			Division			Others			Total
Revenues from external customers		$	8,463,058		$	8,499,830		$	-		$	-		$	16,962,888
Loss on inventory valuation reserve			-			-			-			-			-
Intersegment revenues			-			-			-			-			-
Interest revenue			502			312			33			32			879
Interest expense			(105,193)			(89,620)			-			(216)			(195,029)
Net interest (expense) income			(104,692)			(89,308)			33			(185)			(194,151)
Depreciation and amortization			(141,695)			(353,533)			(1,150)			(50,573)			(546,951)
Noncontrolling interest			-			-			-			148			148
Segment net profit (loss)			(1,756,995)			(436,142)			(68,550)			(624,840)			(2,866,527)

For the six months ended		Corn			Grain			Bulk Trading
June 30, 2013		Division			Division			Division			Others			Total
Revenues from external customers		$	71,123,730		$	22,739,314		$	46,914,771		$	-		$	140,777,815
Loss on inventory valuation reserve
Intersegment revenues			-			-			-			-			-
Interest revenue			5,999			2,089			5,300			284			13,672
Interest expense			(209,503)			(142,556)			(51,222)						(403,281)
Net interest (expense) income			(203,504)			(140,467)			(45,922)			284			(389,609)
Depreciation and amortization			(259,086)			(830,360)			(1,856)			(104,420)			(1,195,722)
Noncontrolling interest			-			-			-			3,804			3,804
Segment net profit (loss)			539,287			1,748,091			607,715			(3,633,689)			(738,596)

For the three months ended		Corn			Grain			Bulk Trading
June 30, 2013		Division			Division			Division			Others			Total
Revenues from external customers		$	35,697,746		$	10,378,212		$	17,534,143		$	-		$	63,610,101
Loss on inventory valuation reserve			-			-									-
Intersegment revenues						-			-			-
Interest revenue			2,225			1,354			1,939			54			5,572
Interest expense			(124,226)			(78,198)			(25,153)			-			(227,577)
Net interest (expense) income			(122,001)			(76,844)			(23,214)			54			(222,005)
Depreciation and amortization			(137,237)			(395,211)			(1,164)			(62,695)			(596,307)
Noncontrolling interest			-			-			-			185			185
Segment net profit (loss)			(1,389,995)			565,116			(357,732)			(2,771,473)			(3,954,084)

Schedule Of Revenue By Major Customers By Reporting Segments [Table Text Block]

The following tables set forth our three major customers in each segment:

		For the Six Months Ended
		June 30,
Corn Division :		2014			2013
ShuangliuZhengda Co., Ltd.		8.6	%		3.5	%
Guangdong Wen’s poultry Co., Ltd.		5.5	%		0.9	%
Chengdu Golden bean Animal Nutrition Food Co., Ltd.		3.6	%		4.2	%
Top Three Customers as % of Total Gross Sales:		17.7	%		8.6	%
Grain Division :
Deyufang Innovation Food (Beijing) Co., Ltd.		71.3	%		48.3	%
Ethical Food SA		14.1	%		0.0	%
YuciKaiwang Grain and oil wholesale Department		1.0	%		0.0	%
Top Three Customers as % of Total Gross Sales		86.4	%		48.3	%
Bulk Trading Division :
Shanxi Helifeihua Trading Co., Ltd.		48.3	%		12.3	%
Shenzhen XinJiawang Agricultural By-products development Co. Ltd.		25.3	%		4.2	%
YuchiKaiwang Grain and Oil Wholesale Department		19.0	%		7.7	%
Top Three Customers as % of Total Gross Sales:		92.6	%		24.4	%

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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