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Condensed Financial Information of the Parent Company (Tables)

12 Months Ended

Dec. 31, 2015

	December 31,		December 31,
	2015		2014
ASSETS

Current Assets
Cash and cash equivalents	$	8,840	$	26,179
Prepayments and other current assets		-		62,500

Total current assets		8,840		88,679

Investment in subsidiaries		178,423,608		176,732,554

Total Assets	$	178,432,448	$	176,821,233

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
Inter-company payable	$	2,623,023	$	1,875,867
Accrued payroll and employee benefit		-		-
Accrued liabilities		-		-
Insurance premium payable		-		-

Total current liabilities		2,623,023		1,875,867

Total liabilities		2,623,023		1,875,867

Total stockholders' equity		175,809,425		174,945,366

Total Liabilities and Stockholders' Equity	$	178,432,448	$	176,821,233

	Year Ended
	December 31,
	2015			2014			2013

Operating expenses
Selling, general and administrative expenses	$	826,995		$	1,492,940		$	2,227,711
Loss from Operations		(826,995	)		(1,492,940	)		(2,227,711	)
Equity in earnings of unconsolidated subsidiaries		12,369,200			13,199,300			15,242,276
Other Income (Expense)		-			-			83
Income before Income Taxes		11,542,205			11,706,360			13,014,648
Provision for Income Taxes		-			-			-
Net Income	$	11,542,205		$	11,706,360		$	13,014,648
Other comprehensive income /(loss)		(10,678,146	)		(125,143	)		4,818,869
Total Comprehensive Income	$	864,059		$	11,581,217		$	17,833,517

	Year Ended
	December 31,
	2015			2014			2013
Net Cash (Used in) Provided by Operating Activities	$	(764,495	)	$	(1,658,426	)	$	365,720

Net Cash Used in Investing Activities		-			-			-

Net Cash Provided by (Used in) Financing Activities		747,156			1,642,013			(323,032	)

Net (Decrease) Increase in Cash and Cash Equivalents		(17,339	)		(16,413	)		42,688

Cash and Cash Equivalents - Beginning of Period		26,179			42,592			(96	)

Cash and Cash Equivalents - End of Period	$	8,840		$	26,179		$	(42,592	)