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SCHEDULE OF FAIR VALUE MEASUREMENTS (TABLES)

9 Months Ended

Sep. 30, 2016

SCHEDULE OF FAIR VALUE MEASUREMENTS:

Company held the following assets and liabilities recorded at fair value as of December 31, 2014

The banker's acceptances are recorded at cost which approximates fair value. The Company held the following assets and liabilities recorded at fair value as of September 30, 2016:

			Fair Value Measurements at
			Reporting Date Using
Description	September 30, 2016		Level 1		Level 2		Level 3
Banker's acceptances	$	21,546	$	-	$	21,546	$	-
Total	$	21,546	$	-	$	21,546	$	-

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details