Condensed Financial Information of the Parent Company (Tables)

12 Months Ended

Dec. 31, 2016

	December 31,		December 31,
	2016		2015
ASSETS

Current Assets
Cash and cash equivalents	$	1,457	$	8,840
Prepayments and other current assets		-		-

Total current assets		1,457		8,840

Investment in subsidiaries		175,915,611		178,423,608

Total Assets	$	175,917,068	$	178,432,448

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities
Inter-company payable	$	3,161,682	$	2,623,023
Accrued payroll and employee benefit		-		-
Accrued liabilities		-		-
Insurance premium payable		-		-

Total current liabilities		3,161,682		2,623,023

Total liabilities	$	3,161,682	$	2,623,023

Total stockholders' equity		172,755,386		175,809,425

Total Liabilities and Stockholders' Equity	$	175,917,068	$	178,432,448

	Year Ended December 31,
	2016			2015			2014

Operating expenses
Selling, general and administrative expenses	$	1,963,438		$	826,995		$	1,492,940
Loss from Operations		(1,963,438	)		(826,995	)		(1,492,940	)
Equity in earnings of unconsolidated subsidiaries		9,276,414			12,369,200			13,199,300
Other Income (Expense)		-			-			-
Income before Income Taxes		7,312,976			11,542,205			11,706,360
Provision for Income Taxes		-			-			-
Net Income	$	7,312,976		$	11,542,205		$	11,706,360
Other comprehensive income (loss)		(11,784,410	)		(10,678,146	)		(125,143	)
Total Comprehensive Income (Loss)	$	(4,471,434	)	$	864,059		$	11,581,217

	Year Ended December 31,
	2016			2015			2014
Net Cash Used in Operating Activities	$	(24,722	)	$	(764,495	)	$	(1,658,426	)

Net Cash Used in Investing Activities		-			-			-

Net Cash Provided by Financing Activities		17,339			747,156			1,642,013

Net Decrease in Cash and Cash Equivalents		(7,383	)		(17,339	)		(16,413	)

Cash and Cash Equivalents - Beginning of Year		8,840			26,179			42,592

Cash and Cash Equivalents - End of Year	$	1,457		$	8,840		$	26,179