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CONCENTRATION OF CREDIT RISK
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12 Months Ended | |
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Dec. 31, 2014
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| Risks and Uncertainties [Abstract] | ||
| Concentration Risk Disclosure [Text Block] | NOTE 20. CONCENTRATION OF CREDIT RISK As of December 31, 2014 and December 31, 2013, all of the Company’s cash balances in banks were maintained within the PRC where no rule or regulation currently in place to provide obligatory insurance for bank deposits in the event of bank failure. However, the Company has not experienced any losses in such accounts and believes it is not exposed to such risks on its cash balances in banks. For the year ended December 31, 2014 and 2013, the sales generated from overseas countries were $4,308,033 and $0, respectively. Accounts receivable as of December 31, 2014 and December 31, 2013 that were due from customers located outside of China were $328,610 and $0, respectively. For the year ended December 31, 2014, sales revenue generated from Deyufang Innovation Food (Beijing) Co., Ltd. accounted for 19.7% of the Company's consolidated gross revenue, while there was no single customer that accounted for greater than 10% of the Company's consolidated gross revenue for the year ended December 31, 2013. As of December 31, 2014 the account receivable due from Deyufang Innovation Food (Beijing) Co., Ltd. accounted for 12.4% of the Company’s consolidated accounts receivable, while no single customer accounted for greater than 10% of the Company’s consolidated accounts receivable as of December 31, 2013. |