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SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
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