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Subsequent Events | 3 Months Ended
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Mar. 31, 2017
Subsequent Events [Abstract] |
Subsequent Events | NOTE 21 - SUBSEQUENT EVENTS In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred after March 31, 2017 up through the date the Company issued the unaudited condensed interim consolidated financial statements with this Form 10-Q. The following are the subsequent events that required recognition or disclosure. On April 18, 2017, the Company entered into a Subscription Agreement with an investor relating to the private placement of a total of 27,472 shares of common stock at a subscription price of $2.50 per share, for aggregate gross proceeds of $68,680. On April 25, 2017, the Company and the shareholders of Billion Sino Holdings Limited, a Seychelles corporation (“BSHL”), entered into a Sale and Purchase Agreement, pursuant to which the Company acquired 60% of the issued and outstanding shares of BSHL at a total consideration of aggregate 340,645 restricted shares of the Company’s common stock at $3.5 per share, representing an aggregate purchase price of $1,192,258. On April 27, 2017, Greenpro Resources Limited, the wholly owned subsidiary of the Company, and Gushen Holding Limited, a Seychelles corporation (“GSHL”), entered into an Asset Purchase Agreement, pursuant to which the Company purchased the assets in Gushen Credit Limited (“GCL”), the wholly owned subsidiary of GSHL at a total consideration of $105,000.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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