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Business Combinations (Tables)

6 Months Ended

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	)