XML 18 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Changes in Stockholders' Equity - USD ($)
Total
Common Shares
Additional Paid-in Capital
Stock Subscription Receivable
Statutory Reserves
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Balance at Dec. 31, 2014 $ 2,354,073 $ 7,900 $ 2,691,224 $ (607,547) $ 262,496
Balance, shares at Dec. 31, 2014   7,900,000          
Net income 466,753   466,753
Issuance of common shares 10 10  
Statutory Reserves 39,923 (39,923)
Foreign currency translation adjustment (143,434)   (143,434)
Balance at Dec. 31, 2015 2,677,402 $ 7,900 2,691,234 39,923 (180,717) 119,062
Balance, shares at Dec. 31, 2015   7,900,000          
Net income 1,009,171   1,009,171
Issuance of common shares 4,687,153 4,687,153  
Collection of stock subscription receivable            
Statutory Reserves   100,647 (100,647)
Foreign currency translation adjustment (221,418)   (221,418)
Stock subscription receivable (927,730) (927,730)
Distribution in connection with acquisition of a subsidiary (2,880,000) (2,880,000)  
Liabilities assumed in connection with acquisition of a subsidiary (91,826) (91,826)  
Balance at Dec. 31, 2016 4,252,752 $ 7,900 4,406,561 (927,730) 140,570 727,807 (102,356)
Balance, shares at Dec. 31, 2016   7,900,000          
Net income 115,111   115,111
Issuance of common shares 5,542,047 $ 1,524 5,540,523  
Issuance of common shares, shares   1,523,750          
Collection of stock subscription receivable 827,730     827,730      
Statutory Reserves 19,444 (19,444)
Foreign currency translation adjustment 410,642 410,642
Balance at Dec. 31, 2017 $ 11,148,282 $ 9,424 $ 9,947,084 $ (100,000) $ 160,014 $ 823,474 $ 308,286
Balance, shares at Dec. 31, 2017   9,423,750