v2.4.1.9

SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

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

For the year ended		Corn			Grain			Bulk Trading
December 31, 2014		Division			Division			Division			Others			Total
Revenues from external customers		$	75,263,798		$	33,399,849		$	1,013,573					$	109,677,220
Loss on inventory valuation reserve
Intersegment revenues			-			-			-			-			-
Interest revenue			3,298			2,498			275			192			6,263
Interest expense			(424,795)			(357,939)			-			(826)			(783,560)
Net interest (expense) income			(421,497)			(355,441)			275			(635)			(777,297)
Depreciation and amortization			(576,927)			(1,376,640)			(5,235)			(215,246)			(2,174,048)
Noncontrolling interest			-			-			-			1,039			1,039
Segment net profit (loss)			(13,512,424)			(424,133)			(472,859)			(2,529,471)			(16,938,887)

For the year ended		Corn			Grain			Bulk Trading
December 31, 2013		Division			Division			Division			Others			Total
Revenues from external customers		$	142,560,749		$	41,637,805		$	62,151,550			-		$	246,350,104
Loss on inventory valuation reserve			(4,391,580)			(86,594)			-			-			(4,478,174)
Intersegment revenues			-			-			-			-			-
Interest revenue			8,773			2,844			6,869			16,707			35,193
Interest expense			(425,773)			(316,831)			(47,834)			-			(790,438)
Net interest (expense) income			(417,000)			(313,987)			(40,965)			16,707			(755,245)
Depreciation and amortization			(533,709)			(1,718,252)			(4,202)			(110,058)			(2,366,221)
Noncontrolling interest			-			-			-			4,160			4,160
Segment net profit (loss)			(11,316,324)			(2,614,032)			(64,083)			(12,349,498)			(26,343,937)

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
		December 31,
		2014				2013
Corn Division :
Guangdong Wen‘s poultry Co., Ltd.			5.4	%			0.8	%
Chengdu Zhengda Co., Ltd.			4.7	%			3.3	%
ShuangliuZhengda Co., Ltd.			4.4	%			2.3	%
Top Three Customers as % of Total Gross Sales:			14.5	%			6.5	%
Grain Division :
Deyufang Innovation Food (Beijing) Co., Ltd.			64.6	%			53.3	%
Ethical Food SA			12.9	%			0.0	%
JingzhongShengde Grain Trading Co., Ltd.			3.0	%			0.0	%
Top Three Customers as % of Total Gross Sales			80.5	%			53.3	%
Bulk Trading Division :
Shanxi Helifeihua Trading Co., Ltd.			27.8	%			12.7	%
Shenzhen XinJiawang Agricultural By-products development Co. Ltd.			14.6	%			4.2	%
Yuchi Kaiwang Grain and Oil Wholesale Department			10.9	%			4.5	%
Top Three Customers as % of Total Gross Sales:			53.4	%			21.4	%

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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- Definition

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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