v2.4.0.8

SEGMENT REPORTING (Tables)

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

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

For the Nine months ended		Corn			Grain			Bulk Trading
September 30, 2014		Division			Division			Division				Others		Total
Revenues from external customers		$	45,417,926		$	24,354,578		$	583,700			-		$	70,356,204
Loss on inventory valuation reserve			-			-			-			-			-
Intersegment revenues			-			-			-			-			-
Interest revenue			2,215			1,964			187			149			4,516
Interest expense			(322,108)			(268,895)			-			(657)			(591,660)
Net interest (expense) income			(319,893)			(266,931)			187			(507)			(587,145)
Depreciation and amortization			(423,680)			(1,014,046)			(3,490)			(152,999)			(1,594,215)
Noncontrolling interest			-			-			-			604			604
Segment net profit (loss)			(11,398,376)			(444,052)			(487,235)			(2,198,336)			(14,527,999)

For the three months ended		Corn			Grain			Bulk Trading
September 30, 2014		Division			Division			Division			Others			Total
Revenues from external customers		$	28,624,331		$	9,195,665		$	-		$	-		$	37,819,996
Loss on inventory valuation reserve			-			-			-			-			-
Intersegment revenues			-			-			-			-			-
Interest revenue			1,019			1,439			36			63			2,557
Interest expense			(111,864)			(88,894)			-			(219)			(200,978)
Net interest (expense) income			(110,846)			(87,455)			36			(157)			(198,421)
Depreciation and amortization			(133,413)			(258,928)			(1,164)			(51,113)			(444,618)
Noncontrolling interest			-			-			-			297			297
Segment net profit (loss)			(1,897,211)			249,617			260,104			(937,924)			(2,325,414)

For the Nine months ended		Corn			Grain			Bulk Trading
September 30, 2013		Division			Division			Division			Others			Total
Revenues from external customers		$	118,737,234		$	32,675,928		$	57,704,021		$	-		$	209,117,183
Loss on inventory valuation reserve
Intersegment revenues			-			-			-			-			-
Interest revenue			7,397			2,640			6,490			16,621			33,148
Interest expense			(319,356)			(226,329)			(47,779)						(593,464)
Net interest (expense) income			(311,959)			(223,689)			(41,289)			16,621			(560,316)
Depreciation and amortization			(363,886)			(1,238,322)			(3,025)			(160,998)			(1,766,231)
Noncontrolling interest			-			-			-			3,998			3,998
Segment net profit (loss)			(4,324,670)			(1,285,227)			376,918			(10,615,381)			(15,848,360)

For the three months ended		Corn			Grain			Bulk Trading
September 30, 2013		Division			Division			Division			Others			Total
Revenues from external customers		$	47,613,504		$	9,936,614		$	10,789,250		$	-		$	68,339,368
Loss on inventory valuation reserve			-			-			-			-			-
Intersegment revenues						-			-			-			-
Interest revenue			1,398			552			1,189			16,337			19,476
Interest expense			(109,853)			(83,772)			3,442			-			(190,183)
Net interest (expense) income			(108,455)			(83,220)			4,631			16,337			(170,707)
Depreciation and amortization			(104,800)			(407,962)			(1,169)			(56,578)			(570,509)
Noncontrolling interest			-			-			-			194			194
Segment net profit (loss)			(4,863,957)			(3,033,318)			(230,797)			(6,981,692)			(15,109,764)

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 Nine Months Ended
		September 30,
Corn Division :		2014			2013
Guangdong Wen’s poultry Co., Ltd.			5.4	%		0.6	%
Chengdu Zhengda Co., Ltd.			5.3	%		3.7	%
Shuangliu Zhengda Co., Ltd.			4.5	%		2.1	%
Top Three Customers as % of Total Gross Sales:			15.2	%		6.3	%
Grain Division :
Deyufang Innovation Food (Beijing) Co., Ltd.			66.5	%		51.4	%
Ethical Food SA			14.9	%		0.0	%
Jingzhong Shengde Grain Trading Co., Ltd.			2.2	%		0.0	%
Top Three Customers as % of Total Gross Sales			83.7	%		51.4	%
Bulk Trading Division :
Yuci Kaiwang Grain and Oil Wholesale Department			19.0	%		7.7	%
Shenzhen XinJiawang Agricultural By-products development Co. Ltd.			25.3	%		4.2	%
Shanxi Helifeihua Trading Co., Ltd.			48.3	%		12.5	%
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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