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Business Combinations (Tables) | 6 Months Ended
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Jun. 30, 2017
Business Combinations [Abstract] |
Schedule of Fair Value of Assets Acquired and Liabilities | As of the acquisition date, the allocations of the purchase price are stated as follows:
|  | F&A |  |  | Yabez |  |  | Total |
Plant and equipment |  | $ | 1,270 |  |  | $ | 3,026 |  |  | $ | 4,296 |
Accounts receivable |  |  | 103,578 |  |  |  | 39,435 |  |  |  | 143,013 |
Prepayments, deposits and other receivables |  |  | 5,467 |  |  |  | 6,479 |  |  |  | 11,946 |
Cash and cash equivalents |  |  | 21,520 |  |  |  | 29,050 |  |  |  | 50,570 |
Accounts payable and accrued liabilities |  |  | (129,039 | ) |  |  | (39,627 | ) |  |  | (168,666 | )
Intangible assets |  |  | 449,500 |  |  |  | 175,000 |  |  |  | 624,500 |
Goodwill* |  |  | 1,211,864 |  |  |  | 260,865 |  |  |  | 1,472,729 |
Fair value of F&A and Yabez, respectively |  |  | 1,664,160 |  |  |  | 474,228 |  |  |  | 2,138,388 |
Non-controlling interest |  |  | - |  |  |  | (85,291 | ) |  |  | (85,291 | )
Total purchase consideration** |  | $ | 1,664,160 |  |  | $ | 388,937 |  |  | $ | 2,053,097 |
*The goodwill was adjusted from $1,402,316 in 2015 to $1,472,729 in 2016 due to finalization of the purchase price allocation and valuation of the acquired entities. **Total purchase consideration consisted of 2,080,200 and 486,171 shares of GRNQ common stock, which was priced at $0.80 per share, for F&A and Yabez, respectively. As of the acquisition date, the allocations of the purchase price are stated as follows:
|  | BSHL |  |  | GCL |  |  | Total |
Rental and utility deposit |  | $ | 3,481 |  |  | $ | - |  |  | $ | 3,481 |
Bank fixed deposit |  |  | 12,903 |  |  |  | - |  |  |  | 12,903 |
Cash and cash equivalents |  |  | 132,451 |  |  |  | - |  |  |  | 132,451 |
Amount due to a director |  |  | (16,597 | ) |  |  | - |  |  |  | (16,597 | )
Accrued expenses |  |  | (90,939 | ) |  |  | (93,565 | ) |  |  | (184,504 | )
Intangible assets |  |  | 94,057 |  |  |  | - |  |  |  | 94,057 |
Deferred tax liabilities |  |  | (15,519 | ) |  |  | - |  |  |  | (15,519 | )
Goodwill |  |  | 1,120,356 |  |  |  | 93,565 |  |  |  | 1,213,921 |
Fair value of BSHL |  |  | 1,240,193 |  |  |  | - |  |  |  | 1,240,193 |
Non-controlling interest |  |  | (47,935 | ) |  |  | - |  |  |  | (47,935 | )
Total purchase consideration* |  | $ | 1,192,258 |  |  | $ | - |  |  | $ | 1,192,258 |
*Total purchase consideration consisted of 340,645 shares of GRNQ common stock, which was priced at $3.50 per share, for BSHL.
Schedule of Proforma Information of Operation | Accordingly, these unaudited pro forma results are presented for informational purpose only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisition had occurred at the beginning of the period presented, nor are they indicative of future results of operations:
|  | For the six months ended June 30 |
|  | 2017 |  |  | 2016 |
|  | (unaudited) |  |  | (unaudited) |
Revenue |  | $ | 2,117,169 |  |  | $ | 1,301,629 |
Gross profit |  |  | 1,540,521 |  |  |  | 676.905 |
Operating income (loss) |  |  | 117,784 |  |  |  | (244,072 | )
Net income (loss) |  | $ | 106,815 |  |  | $ | (304,939 | )
Net income (loss) per share |  |  | 0.00 |  |  |  | (0.00 | )

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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