v2.4.1.9

SEGMENT REPORTING (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

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

For the three months ended		Corn			Grain			Bulk Trading
March 31, 2015		Division			Division			Division			Others			Total
Revenues from external customers		$	25,458,653		$	6,749,394		$	-					$	32,208,047
Loss on inventory valuation reserve															-
Intersegment revenues			-			-			-			-			-
Interest revenue			1,780			559			-			54			2,393
Interest expense			(100,103)			(87,868)			-			-			(187,972)
Net interest (expense) income			(98,323)			(87,309)			-			54			(185,578)
Depreciation and amortization			(133,973)			(348,696)			(1,106)			(48,814)			(532,589)
Noncontrolling interest			-			-			-			36			36
Segment net profit (loss)			(2,025,927)			52,521			(3,617)			(414,356)			(2,391,379)
For the three months ended		Corn			Grain			Bulk Trading
March 31, 2014		Division			Division			Division			Others			Total
Revenues from external customers		$	8,330,537		$	6,652,924		$	589,859			-		$	15,573,320
Loss on inventory valuation reserve			-			-			-			-			-
Intersegment revenues			-			-			-			-			-
Interest revenue			694			214			117			55			1,080
Interest expense			(105,050)			(90,382)			-			(221)			(195,653)
Net interest (expense) income			(104,356)			(90,168)			117			(166)			(194,573)
Depreciation and amortization			(148,572)			(401,585)			(1,176)			(51,313)			(602,646)
Noncontrolling interest			-			-			-			159			159
Segment net profit (loss)			(7,744,170)			(257,527)			(678,789)			(635,572)			(9,316,058)

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 Three Months Ended March 31,
		2015			2014
Corn Division :
Neijiang Zhengda Co., Ltd.			11.0	%		3.3	%
Chengdu longqing Feed Co., Ltd.			6.7	%		1.8	%
Chengdu Jindou Animal Nitrition Food Co., Ltd.			6.5	%		4.2	%
Top Three Customers as % of Total Gross Sales:			24.2	%		9.3	%
Grain Division :
Deyufang Innovation Food (Beijing) Co., Ltd.			56.7	%		82.0	%
Ethical Food SA			12.3	%		4.0	%
Jinzhong Shengde Trading Food Co., Ltd.			5.7	%		0.3	%
Top Three Customers as % of Total Gross Sales			74.7	%		86.3	%
Bulk Trading Division :
n/a			n/a			n/a
n/a			n/a			n/a
n/a			n/a			n/a
Top Three Customers as % of Total Gross Sales:			0.0	%		0.0	%

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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