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Subsidy Income
12 Months Ended
Dec. 31, 2017
Subsidy Income  
Subsidy Income

NOTE 10 – SUBSIDY INCOME

 

During the years ended December 31, 2017 and 2016, the Company received cash of $0 and $0.34 million related to a subsidy from the government for the technological innovation it has achieved and the industrial upgrading related to its new GMP certified facility. This has been recorded as “Subsidy income” in the accompanying Statement of Operations for the years ended December 31, 2017 and 2016, respectively.