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8. RELATED PARTY TRANSACTIONS	6 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]
8. RELATED PARTY TRANSACTIONS	During the three-month and six-month periods ended June 30, 2016, the Company borrowed $200,000 and $455,369, respectively, from Jiaxing Lighting Appliance Company Limited (Jiaxing Lighting”), in which Mr. Ming Yang, a shareholder and the Chairman of the Company, had a 100% equity interest. The amounts due to Jiaxing Lighting was unsecured, interest free and repayable on demand and was fully settled in the three-month period ended June 30, 2016. There was no balance owing to Jiaxing Lighting as of June 30, 2016 and December 31, 2015. During the fiscal year 2013, the Company entered into an agreement with the Shandong Shouguang Vegetable Seed Industry Group Co., Ltd, a related party, to provide property management services for an annual amount of approximately $100,704 for five years from January 1, 2013 to December 31, 2017. The expenses associated with this agreement for the three months period ended June 30, 2016 and 2015 were approximately $24,000 and $25,500. The expense associated with this agreement for the six months period ended June 30, 2016 and 2015 were approximately $48,000 and $51,000.

8. RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2016

During the three-month and six-month periods ended June 30, 2016, the Company borrowed $200,000 and $455,369, respectively, from Jiaxing Lighting Appliance Company Limited (Jiaxing Lighting”), in which Mr. Ming Yang, a shareholder and the Chairman of the Company, had a 100% equity interest. The amounts due to Jiaxing Lighting was unsecured, interest free and repayable on demand and was fully settled in the three-month period ended June 30, 2016. There was no balance owing to Jiaxing Lighting as of June 30, 2016 and December 31, 2015.

During the fiscal year 2013, the Company entered into an agreement with the Shandong Shouguang Vegetable Seed Industry Group Co., Ltd, a related party, to provide property management services for an annual amount of approximately $100,704 for five years from January 1, 2013 to December 31, 2017. The expenses associated with this agreement for the three months period ended June 30, 2016 and 2015 were approximately $24,000 and $25,500. The expense associated with this agreement for the six months period ended June 30, 2016 and 2015 were approximately $48,000 and $51,000.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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