Schedule of Segment Reporting Information, by Segment [Table Text Block] |
The following tables show the operations of the Company's operating segments: | | Year Ended December 31, 2017 | | | | Property | | | | | | | | | | | | Brokerage | | Real Estate | | Investment | | | | | | | | Services | | Development | | Transaction | | Others | | Total | | Net revenues | | $ | 4,172,870 | | $ | 23,382,975 | | $ | - | | $ | - | | $ | 27,555,845 | | Cost of revenues | | | (1,118,377) | | | (21,455,775) | | | - | | | - | | | (22,574,152) | | Gross profit | | | 3,054,493 | | | 1,927,200 | | | - | | | - | | | 4,981,693 | | | | | | | | | | | | | | | | | | | Operating expenses | | | (699,534) | | | (485,170) | | | - | | | (374) | | | (1,185,078) | | General and administrative expenses | | | (1,929,700) | | | (1,414,037) | | | - | | | (310,930) | | | (3,654,667) | | Operating loss | | | 425,259 | | | 27,993 | | | - | | | (311,304) | | | 141,948 | | | | | | | | | | | | | | | | | | | Other income (expenses) | | | | | | | | | | | | | | | | | Interest income | | | 24,213 | | | 11,392 | | | - | | | 3,864 | | | 39,469 | | Interest expense | | | (423,864) | | | - | | | - | | | - | | | (423,864) | | Other income, Net | | | 483,687 | | | (611,537) | | | 1,008,896 | | | 138,542 | | | 1,019,588 | | Equity in net income (loss) of unconsolidated affiliates | | | | | | | | | 66,234,367 | | | | | | 66,234,367 | | Total other (expenses) income | | | 84,036 | | | (600,145) | | | 67,243,263 | | | 142,406 | | | 66,869,560 | | | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | | 509,295 | | | (572,152) | | | 67,243,263 | | | (168,898) | | | 67,011,508 | | Income tax | | | (56,803) | | | 225,766 | | | (4,313,689) | | | - | | | 168,963 | | Net Income (loss) | | $ | 452,492 | | $ | (346,386) | | $ | 62,929,574 | | $ | (168,898) | | $ | 67,180,471 | | | | Year Ended December 31, 2016 | | | | Property | | | | | | | | | | | | Brokerage | | Real Estate | | Investment | | | | | | | | Services | | Development | | Transaction | | Others | | Total | | Net revenues | | $ | 4,935,249 | | $ | - | | $ | - | | $ | 265,610 | | $ | 5,200,859 | | Cost of revenues | | | (2,618,596) | | | - | | | - | | | (341,161) | | | (2,959,757) | | Gross profit | | | 2,316,653 | | | - | | | - | | | (75,551) | | | 2,241,102 | | | | | | | | | | | | | | | | | | | Operating expenses | | | (1,177,882) | | | (1,202,879) | | | - | | | (29,676) | | | (2,410,437) | | General and administrative expenses | | | (1,780,642) | | | (1,389,379) | | | - | | | (293,656) | | | (3,463,677) | | Operating loss | | | (641,871) | | | (2,592,258) | | | - | | | (398,883) | | | (3,633,012) | | | | | | | | | | | | | | | | | | | Other income (expenses) | | | | | | | | | | | | | | | | | Interest income | | | 47,432 | | | 11,382 | | | - | | | 330 | | | 59,144 | | Interest expense | | | (1,890,047) | | | (270,639) | | | - | | | (45,130) | | | (2,205,816) | | Other income, Net | | | 3,151,911 | | | (49,594) | | | - | | | (47) | | | 3,102,270 | | Equity in net income (loss) of unconsolidated affiliates | | | | | | | | | 30,007,194 | | | | | | 30,007,194 | | Total other (expenses) income | | | 1,309,296 | | | (308,851) | | | 30,007,194 | | | (44,847) | | | 30,962,792 | | | | | | | | | | | | | | | | | | | Income (loss) before income taxes | | | 667,425 | | | (2,901,109) | | | 30,007,194 | | | (443,730) | | | 27,329,780 | | Income tax | | | (190,212) | | | 227,607 | | | | | | - | | | 37,395 | | Net Income (loss) | | $ | 477,213 | | $ | (2,673,502) | | $ | 30,007,194 | | $ | (443,730) | | $ | 27,367,175 | | | | Property | | | | | | | | | | | | Brokerage | | Real Estate | | Investment* | | | | | | | | Services | | Development | | Transaction | | Others | | Total | | As of December 31, 2017 | | | | | | | | | | | | | | | | | Real estate property under development | | $ | - | | $ | 67,974,281 | | $ | - | | $ | - | | $ | 67,974,281 | | Total assets | | | 9,283,409 | | | 81,625,107 | | | 73,982,908 | | | 11,609 | | | 164,903,033 | | | | | | | | | | | | | | | | | | | As of December 31, 2016 | | | | | | | | | | | | | | | | | Real estate property under development | | $ | - | | $ | 77,502,496 | | $ | - | | $ | - | | $ | 77,502,496 | | Total assets | | | 10,297,854 | | | 92,110,884 | | | 37,181,284 | | | 162,832 | | | 139,752,854 | |
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