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DISCONTINUED OPERATIONS | 12 Months Ended
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Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] |
| 22. | DISCONTINUED OPERATIONS
In accordance with ASU No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, a disposal of a component of an entity or a group of components of an entity is required to be reported as discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when the components of an entity meets the criteria in paragraph 205-20-45-1E to be classified as held for sale. When all of the criteria to be classified as held for sale are met, including management, having the authority to approve the action, commits to a plan to sell the entity, the major current assets, other assets, current liabilities, and noncurrent liabilities shall be reported as components of total assets and liabilities separate from those balances of the continuing operations. At the same time, the results of all discontinued operations, less applicable income taxes (benefit), shall be reported as a component of net income (loss) separate from the net income (loss) of continuing operations in accordance with ASC 205-20-45. Reconciliation of the Carrying Amounts of Major Classes of Assets and Liabilities of Discontinued Operations Classified as discontinued operations in the Consolidated Balance Sheets.
|  | December 31, |
|  | 2015 |  | 2014 |
|  | US$ |  | US$ |
|  |  |  |  | (Restated) |
ASSETS |  |  |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |  |  |
Accounts receivable, net |  |  | 36,876 |  |  | 744,628 |
Other receivables, net |  |  | - |  |  | 68,350 |
Advances to suppliers – third parties |  |  | 33,217 |  |  | 238,607 |
Inventories, net |  |  | - |  |  | 1,611,728 |
Total Current Assets |  |  | 70,093 |  |  | 2,663,313 |
Property and equipment, net |  |  | - |  |  | 1,651 |
Total Assets |  |  | 70,093 |  |  | 2,664,964 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |
Accounts payable |  |  | 146,029 |  |  | 204,047 |
Advances from customers |  |  | 75,432 |  |  | 102,294 |
Accrued expenses and other current liabilities |  |  | 185,796 |  |  | 45,343 |
Total Current Liabilities |  |  | 407,257 |  |  | 351,684 |
Reconciliation of the Carrying Amounts of Major Classes of Net Income (Loss) from Operations to be Disposed Classified as discontinued operations in the Consolidated Statements of Operations and Comprehensive Loss.
|  | For the Years Ended |
|  | December 31, |
|  | 2015 |  | 2014 |  | 2013 |
|  | US$ |  | US$ |  | US$ |
|  |  |  |  | (Restated) |  |  |  |
Revenues |  |  | 364,490 |  |  | 14,911,808 |  |  | 9,455,705 |
Costs of revenue |  |  | (2,190,140) |  |  | (13,162,235) |  |  | (5,858,208) |
Gross profit (loss) |  |  | (1,825,650) |  |  | 1,749,573 |  |  | 3,597,497 |
Service incomes |  |  | 84,774 |  |  | 233,819 |  |  | - |
Service expenses |  |  | (54,173) |  |  | (10,845) |  |  | - |
General and administrative expenses |  |  | (693,881) |  |  | (1,464,043) |  |  | - |
Provision for doubtful accounts |  |  | (618,290) |  |  | (21,960,025) |  |  | (33,556) |
Impairment loss for property and equipment |  |  | - |  |  | (1,978,711) |  |  | - |
Impairment loss for intangible assets |  |  | - |  |  | (1,579,495) |  |  | - |
Selling expenses |  |  | (392,892) |  |  | (946,785) |  |  | (663,193) |
Operating Income (loss) |  |  | (3,500,112) |  |  | (25,956,512) |  |  | 2,900,748 |
Income (loss) before provision for income tax and non-controlling interest |  |  | (3,500,112) |  |  | (25,956,512) |  |  | 2,900,748 |
Provision for income tax expense |  |  | - |  |  | - |  |  | - |
Net income (loss) from discontinuing operations |  |  | (3,500,112) |  |  | (25,956,512) |  |  | 2,900,748 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 + Details
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