0001213900-16-018382.txt : 20161114 0001213900-16-018382.hdr.sgml : 20161111 20161114134100 ACCESSION NUMBER: 0001213900-16-018382 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 50 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161114 DATE AS OF CHANGE: 20161114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China Carbon Graphite Group, Inc. CENTRAL INDEX KEY: 0001284450 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] IRS NUMBER: 980550699 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 333-114564 FILM NUMBER: 161993307 BUSINESS ADDRESS: STREET 1: C/O XINGHE XINGYONG CARBON CO., LTD. STREET 2: 787 XICHENG WAI, CHENGGUANTOWN CITY: XINGHE COUNTY, INNER MONGOLIA, STATE: F4 ZIP: 00000 BUSINESS PHONE: (415) 389-1625 MAIL ADDRESS: STREET 1: C/O XINGHE XINGYONG CARBON CO., LTD. STREET 2: 787 XICHENG WAI, CHENGGUANTOWN CITY: XINGHE COUNTY, INNER MONGOLIA, STATE: F4 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: CHINA CARBON GRAPHITE GROUP, INC. DATE OF NAME CHANGE: 20080213 FORMER COMPANY: FORMER CONFORMED NAME: ACHIEVERS MAGAZINE INC DATE OF NAME CHANGE: 20040322 10-Q 1 f10q0916_chinacarbongraph.htm QUARTERLY REPORT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2016

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______________ to _______________

Commission File Number: 333-114564

CHINA CARBON GRAPHITE GROUP, INC.

(Exact name of registrant as specified in its charter)

Nevada

98-0550699

(State or other jurisdiction of

incorporation of organization)

(I.R.S. Employer

Identification No.)

20955 Pathfinder Road, Suite 200

Diamond Bar, CA 91765

(Address of principal executive offices, zip code)

(909) 843-6518

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☒
(Do not check if smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: As of November 14, 2016, there were 33,670,518 shares of common stock issued and outstanding.

CHINA CARBON GRAPHITE GROUP, INC. AND SUBSIDIARIES

FORM 10-Q

September 30, 2016

TABLE OF CONTENTS

		Page No.

PART I - FINANCIAL INFORMATION

Item 1.	Financial Statements:	1
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	22
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	36
Item 4.	Controls and Procedures	36

PART II - OTHER INFORMATION

Item 1.	Legal Proceedings	37
Item 1A.	Risk Factors
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	37
Item 3.	Defaults Upon Senior Securities	38
Item 4.	Mine Safety Disclosures	38
Item 5.	Other Information	38
Item 6.	Exhibits	38
	Signatures	39

PART 1 - FINANCIAL INFORMATION

Item 1.

Financial Statements.

The following unaudited interim financial statements of China Carbon Graphite Group, Inc. (referred to herein as the "Company," "we," "us" or "our") are included in this quarterly report on Form 10-Q:

China Carbon Graphite Group, Inc.

September 30, 2016 and 2015

Index to the Consolidated Financial Statements

	Page

Consolidated Balance Sheets at September 30, 2016 (unaudited) and December 31, 2015		2

Unaudited Consolidated Statements of Operations and Comprehensive Loss for the Three and Nine months Ended September 30, 2016 and 2015		3

Unaudited Consolidated Statements of Cash Flows for the Nine months Ended September 30, 2016 and 2015		4

Notes to Unaudited Consolidated Financial Statements		5

China Carbon Graphite Group, Inc. and subsidiaries

Consolidated Balance Sheets

	September 30, 2016			December 31, 2015

ASSETS

Current Assets
Cash and cash equivalents	$	34,018		$	35,523
Account Receivable		125,533			25,718
Inventories		3,325			2,386
Prepaid expenses		-			211
Other receivables, net		9,456			42,695
Total current assets		172,332			106,533

Property And Equipment, Net		24,525			30,646

Total Assets	$	196,857		$	137,179

LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

Current Liabilities
Accounts payable and accrued expenses	$	181,293		$	193,448
Accrued payroll - related party		533,170			532,623
Advance from customers		-			7,260
Other payables		1,248,603			1,013,994
Due to related parties		142,877			147,083
Dividends payable		55,015			55,015
Total current liabilities		2,160,958			1,949,423

Total Liabilities		2,160,958			1,949,423

Stockholders' Equity (Deficit)
Common stock, $0.001 par value; 100,000,000 shares authorized 33,934,518 and 33,670,518 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively		33,934			33,670
Additional paid-in capital		48,398,759			48,391,103
Accumulated other comprehensive income		82,714			76,978
Accumulated loss		(50,479,508	)		(50,313,995	)
Total stockholders' equity (deficit)		(1,964,101	)		(1,812,244	)
Total Liabilities and Stockholders' Equity (Deficit)	$	196,857		$	137,179

The accompanying notes are an integral part of these consolidated financial statements.

China Carbon Graphite Group, Inc. and subsidiaries

Consolidated Statements of Operations and Comprehensive Loss

For the Three and Nine Months Ended September 30, 2016 and 2015 (Unaudited)

	Three Months ended September 30,						Nine Months ended September 30,
	2016			2015			2016			2015

Sales	$	171,582		$	117,572		$	574,522		$	146,408

Cost of Goods Sold		142,887			70,149			474,477			80,626
Gross Profit		28,695			47,423			100,045			65,782

Operating Expenses
Selling expenses		5,222			9,131			18,212			19,591
General and administrative		104,598			584,106			304,448			781,527
Total operating expenses		109,820			593,237			322,660			801,118

Loss from continuing operations before other income (expense) and income taxes		(81,125	)		(545,814	)		(222,615	)		(735,336	)

Other Income (Expense)
Interest expense		(224	)		(731	)		(560	)		(1,707	)
Other income (expense), net		17,748			21,355			57,662			59,787
Total other expense (income), net		17,524			20,624			57,102			58,080

Loss from continuing operations before income taxes		(63,601	)		(525,190	)		(165,513	)		(677,256	)

Income Tax Expense		-			-			-			-

Net loss from continuing operations		(63,601	)		(525,190	)		(165,513	)		(677,256	)
Discontinued operations, net of income taxes		-			-			-			-
Net loss		(63,601	)		(525,190	)		(165,513	)		(677,256	)

Other Comprehensive Income
Foreign currency translation gain (loss)		869			(34,912	)		5,736			(34,011	)
Total Comprehensive Loss	$	(62,732	)	$	(560,102	)	$	(159,777	)	$	(711,267	)

Share Data
Basic and diluted loss per share
Continued operations	$	(0.00	)	$	(0.02	)	$	(0.00	)	$	(0.02	)
Discontinued operations	$	0.00		$	0.00		$	0.00		$	0.00
Net loss per share – basic and diluted	$	(0.00	)	$	(0.02	)	$	(0.00	)	$	(0.02	)

Weighted average common shares outstanding, basic		33,934,518			33,670,518			33,869,000			33,670,518

Weighted average common shares outstanding, diluted		33,934,518			33,670,518			33,869,000			33,670,518

The accompanying notes are an integral part of these consolidated financial statements.

China Carbon Graphite Group, Inc. and subsidiaries

Consolidated Statements of Cash Flows

(Unaudited)

	Nine Months ended September 30,
	2016			2015
Cash Flows from Operating Activities
Net Loss available to common shareholders	$	(165,513	)	$	(677,256	)
Adjustments to reconcile net cash provided by (used in) operating activities
Depreciation and Amortization		6,478			6,715
Impairment of Goodwill		-			494,540
Stock compensation		7,920			-
Changes in operating assets and liabilities
Accounts receivable		(101,926	)		(43,026	)
Other receivables		32,620			(9,515	)
Advance to suppliers		-			16,780
Inventory		(1,021	)		(1,345	)
Accounts payable and accrued liabilities		(9,234	)		157,264
Advance from customers		(7,149	)		(6,568	)
Taxes payable		1,644			6,814
Other payables		236,831			27,334
Net cash used in operating activities		650			(28,263	)

Cash flows from investing activities
Acquisition of plant and equipment		(1,163	)		(1,067	)
Net cash used in investing activities		(1,163	)		(1,067	)

Cash flows from financing activities
Proceeds from loan from related parties		-			24,489
Net cash provided by financing activities		-			24,489

Effect of exchange rate fluctuation on cash and cash equivalents		(992	)		(589	)

Net decrease in cash		(1,505	)		(5,430	)

Cash and cash equivalents at beginning of period		35,523			30,863

Cash and cash equivalents at ending of period	$	34,018		$	25,433

Supplemental disclosure of cash flow information

Interest paid	$	560		$	1,707
Income taxes paid	$	-		$	-

Non-cash activities:

Issuance of common stock for compensation	$	7,920		$	-

The accompanying notes are an integral part of these consolidated financial statements.

China Carbon Graphite Group, Inc. and subsidiaries

Notes to Consolidated Financial Statements

September 30, 2016

(Unaudited)

(1) Organization and Business

China Carbon Graphite Group, Inc. (the “Company”), through its subsidiaries, is engaged in the manufacture and sales of graphene and graphene oxide and graphite bipolar plates in the People’s Republic of China (“China” or the “PRC”). We also operate a business-to-business and business-to-consumers Internet portal (www.roycarbon.com) for graphite related products. Vendors can sell raw materials, industrial commodities and consumer (household) commodities to both business and consumers through the website by paying a fee for each transaction conducted through the website.

The Company was incorporated on February 13, 2003 in Nevada under the name Achievers Magazine Inc. In connection with the reverse merger transaction described below, the Company’s corporate name was changed to China Carbon Graphite Group, Inc. on January 30, 2008.

The consolidated financial statements presented herein consolidate the financial statements of China Carbon Graphite, Inc. with the financial statements of its subsidiaries, Golden Ivy Limited, Royal Elite International Limited, Royal Elite New Energy Science and Technology (ShangHai) Co., Ltd., Talent International Investment Limited, and Xinghe Yongle Carbon Co., Ltd.

Organizational Structure Chart

The following chart sets forth our organizational structure:

Liquidity and Working Capital Deficit

As of September 30, 2016 and as of December 31, 2015, the Company managed to operate its business with a negative working capital.

The Company Law of the PRC applicable to Chinese companies provides that net after tax income should be allocated by the following rules:

1.	10% of after tax income to be allocated to a statutory surplus reserve until the reserve amounts to 50% of the company’s registered capital.

2.	If the cumulative balance of statutory surplus reserve is not enough to make up the Company’s cumulative prior years’ losses, the current year’s after tax income should be first used to make up the losses before the statutory surplus reverse is drawn.

3.	Allocation can be made to the discretionary surplus reserve, if such a reserve is approved at the meeting of the equity owners.

Therefore, the Company is required to maintain a statutory reserve in China that limits any equity distributions to its shareholders. The maximum amount of the shareholders has not been reached. The Company has never distributed earnings to shareholders and has no intentions to do so.

(2) Going Concern

The Company’s consolidated financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of and for the period ended September 30, 2016, the Company has incurred operating losses and working capital deficit. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Management’s Plan to Continue as a Going Concern

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plans to obtain such resources for the Company include (1) obtaining capital from the sale of its equity securities, (2) sales of its products, and (3) short-term or long-term borrowings from banks, stockholders or other party(ies) when needed. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. The Company plans to look for opportunities to merge with other companies in the graphite industry.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually to secure other sources of financing and attain profitable operations.

(3) Basis for Preparation of the Consolidated Financial Statements

Management acknowledges its responsibility for the preparation of the accompanying interim consolidated financial statements which reflect all adjustments, consisting of normal recurring adjustments, considered necessary in its opinion for a fair statement of its consolidated financial position and the results of its operations for the interim period presented. These consolidated financial statements should be read in conjunction with the summary of significant accounting policies and notes to consolidated financial statements included in the Company’s Form 10-K annual report for the year ended December 31, 2015. The consolidated balance sheet as of December 31, 2015 has been derived from the audited financial statements. The results of the nine months ended September 30, 2016 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2016.

The accompanying unaudited consolidated financial statements for China Carbon Graphite Group, Inc. and its subsidiaries and variable interest entity, have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.

The Company maintains its books and accounting records in Renminbi (“RMB”), but its reporting currency is U.S. dollars.

The financial statements have been prepared in order to present the financial position and results of operations of the Company and its subsidiaries whose financial condition consolidated with the Company pursuant to ASC Topic 810-10, Consolidation, in accordance with U.S. GAAP. All significant intercompany accounts and transactions have been eliminated.

(4) Summary of Significant Accounting Policies

The accompanying consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes.

Use of estimates

The preparation of these financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of net sales and expenses during the reporting period. Some of the significant estimates include values and lives assigned to acquired property, equipment and intangible assets, reserves for customer returns and allowances, uncollectible accounts receivable, slow moving, obsolete and/or damaged inventory and stock warrant valuation. Actual results may differ from these estimates.

Cash and cash equivalents

The Company considers all highly liquid debt instruments purchased with maturity periods of six months or less to be cash equivalents. The carrying amounts reported in the accompanying balance sheet for cash and cash equivalents approximate their fair value. Substantially all of the Company’s cash is held in bank accounts in the PRC and is not protected by FDIC insurance or any other similar insurance. The Company’s bank account in the United States is protected by FDIC insurance.

Accounts receivable

Trade receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred. Accounts receivable are recorded at the invoiced amount and do not bear interest. Management reviews the adequacy of the allowance for doubtful accounts on an ongoing basis, using historical collection trends and aging of receivables. Management also periodically evaluates individual customer’s financial condition, credit history, and the current economic conditions to make adjustments in the allowance when it is considered necessary.

Inventory

Inventory is stated at the lower of cost or market. The cost of inventories comprises all costs of purchases, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The costs of conversion of inventories include fixed and variable production overhead, taking into account the stage of completion. Cost is determined using the weighted average method. Market value represents the estimated selling price in the ordinary course of business less the estimated costs necessary to complete the sale. The Company periodically reviews historical sales activity to determine excess, slow moving items and potentially obsolete items and also evaluates the impact of any anticipated changes in future demand. The Company provides inventory allowances based on excess and obsolete inventories determined principally by customer demand. Impairment of inventories is recorded in cost of goods sold.

For the nine months ended September 30, 2016 and 2015, the Company has not made provision for inventory in regards to slow moving or obsolete items.

Goodwill

The Company periodically reviews the carrying value of intangible assets not subject to amortization, including goodwill, to determine whether impairment may exist. Goodwill and certain intangible assets are assessed annually, or when certain triggering events occur, for impairment using fair value measurement techniques. These events could include a significant change in the business climate, legal factors, a decline in operating performance, competition, sale or disposition of a significant portion of the business, or other factors. Specifically, goodwill impairment is determined using a two-step process. The first step of the goodwill impairment test is used to identify potential impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. The Company recorded an impairment expense of $0 and $494,540 for the nine months ended September 30, 2016 and 2015, respectively.

Property and equipment

Property and equipment is stated at the historical cost, less accumulated depreciation. Depreciation on property and equipment is provided using the straight-line method over the estimated useful lives of the assets for both financial and income tax reporting purposes as follows:

Machinery and equipment			5 years
Motor vehicle			5 years

Expenditures for renewals and betterments are capitalized while repairs and maintenance costs are normally charged to the statement of operations in the year in which they are incurred. In situations where it can be clearly demonstrated that the expenditure has resulted in an increase in the future economic benefits expected to be obtained from the use of the asset, the expenditure is capitalized as an additional cost of the asset.

Upon sale or disposal of an asset, the historical cost and related accumulated depreciation or amortization of such asset were removed from their respective accounts and any gain or loss is recorded in the statements of income.

The Company reviews the carrying value of property, plant, and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition and other economic factors. Based on this assessment, no impairment expenses for property, plant, and equipment was recorded in operating expenses during the nine months ended September 30, 2016 and 2015.

Stock-based compensation

Stock-based compensation includes (i) common stock awards granted to employees and directors for services which are accounted for under FASB ASC 718, Compensation–Stock Compensation” and (ii) common stock awards granted to consultants which are accounted for under FASB ASC 505-50, Equity–Equity-Based Payments to Non-Employees.

All grants of common stock awards and stock options to employees and directors are recognized in the financial statements based on their grant date fair values. The Company has elected to recognize compensation expense using the straight-line method for all common stock awards and stock options granted with service conditions that have a graded vesting schedule, with a corresponding charge to additional paid-in capital.

Common stock awards are granted to directors for services provided. The vested portions of common stock awards granted but not yet issued are recorded in common stock to be issued.

Common stock awards issued to consultants represent common stock granted to non-employees in exchange for services at fair value. The measurement dates for such awards are set at the dates that the contracts are entered into as the awards are non-forfeitable and vest immediately. The measurement date fair value is then recognized over the service period as if the Company has paid cash for such service.

The Company estimates fair value of common stock awards based on the number of shares granted and the quoted price of the Company’s common stock on the date of grant.

Foreign currency translation

The reporting currency of the Company is U.S. dollars. The Company uses RMB as its functional currency. The results of operations and cash flows are translated at average exchange rates during the period, and assets and liabilities are translated at the unified exchange rates at the balance sheet dates, and equity is translated at the historical exchange rates. As a result, amounts related to assets and liabilities reported on the statements of cash flows will not necessarily agree with changes in the corresponding accounts on the balance sheets. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statements of stockholders’ equity. Translation adjustments for the three months ended September 30, 2016 and 2015 were $869 and $(34,912), respectively. Translation adjustments for the nine months ended September 30, 2016 and 2015 were $5,736 and $(34,011), respectively. The cumulative translation adjustment and effect of exchange rate changes on cash for the nine months ended September 30, 2016 and 2015 were $(992) and $(589), respectively. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.

Assets and liabilities were translated at 6.67 RMB and 6.48 RMB to $1.00 at September 30, 2016 and December 31, 2015, respectively. The equity accounts were stated at their historical rates. The average translation rates applied to income statements for the nine months ended September 30, 2016 and 2015 were 6.58 RMB and 6.25 RMB to $1.00, respectively. Cash flows are also translated at average translation rates for the period; therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheet.

Revenue recognition

We recognize revenue in accordance with ASC 605-25, Revenue Recognition, which states that revenue should be recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the service has been rendered; (3) the selling price is fixed or determinable; and (4) collection of the resulting receivable is reasonably assured. Sales represent the invoiced value of goods, net of value added tax (“VAT”), if any, and are recognized upon delivery of goods and passage of title.

In accordance with ASC 605-25, the Company recognizes revenue when persuasive evidence of an arrangement exists, transfer of title has occurred or services have been rendered, the selling price is fixed or determinable and collectability is reasonably assured.

The Company derives revenues from the manufacturing and distribution of graphite based products. The Company recognizes its revenues net of VAT. The Company is subject to VAT, which is levied on a majority of the products, at a rate ranging from 13% to 17% on the invoiced value of sales. Output VAT is borne by customers in addition to the invoiced value of sales and input VAT is borne by the Company in addition to the invoiced value of purchases to the extent not refunded for export sales.

The Company recognizes revenue upon receipt of the delivery confirmation provided by the customer or distributor. The Company does not provide chargeback or price protection rights to the distributors. The distributor only places purchase orders with the Company once it has confirmed the sale with a third party because this is a specialized business, which dictates that the Company will not manufacture the products until the purchase order is received. The Company allows its customers to return products only if its products are later determined by the Company to be defective. Based on the Company’s historical experience, product returns have been insignificant throughout all of its product lines. Therefore, the Company does not estimate deductions or allowances for sales returns. If sales returns occur, they are taken against revenue when products are returned from customers. Sales are presented net of any discounts given to customers. Interest income is recognized when earned. The Company experienced no returns for the nine months ended September 30, 2016 and 2015.

Cost of goods sold

Cost of goods sold consists primarily of the costs of products.

Shipping and handling costs

The Company follows ASC 605-45, Handling Costs, and Shipping Costs, formerly known as Emerging Issues Task Force No. 00-10, Accounting for Shipping and Handling Fees and Costs. The Company classifies shipping and handling costs paid on behalf of its customers in selling expenses. For the three months ended September 30, 2016 and 2015, shipping and handling costs were $707 and $4,827, respectively. For the nine months ended September 30, 2016 and 2015, shipping and handling costs were $7,672 and $11,118, respectively.

Segment reporting

ASC 280, Segment Reporting, formerly known as Statement of Financial Accounting Standards No. 131, Disclosure about Segments of an Enterprise and Related Information, requires use of the “management approach” model for segment reporting. Under this model, segment reporting is consistent with the manner that the Company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure or any other manner in which management disaggregates a company.

Because the Company sells only carbon graphite products to Chinese distributors and end users, it has only one business segment.

Taxation

Taxation on profits earned in the PRC has been calculated based on the estimated assessable profits for the year at the rates of taxation prevailing in the PRC after taking into account the benefits from any special tax credits or “tax holidays” allowed in the county of operations.

The Company does not accrue U.S. income tax since it has no operations in the United States. Its operating subsidiaries are organized and located in the PRC and do not conduct any business in the United States.

In 2006, the Financial Accounting Standards Board (“FASB”) issued ASC, 740 Income Tax, formerly known as FIN 48, which clarifies the application of SFAS 109 by defining a criterion that an individual income tax position must meet for any part of the benefit of that position to be recognized in an enterprise’s financial statements and provides guidance on measurement, recognition, classification, accounting for interest and penalties, accounting in interim periods, disclosure and transition. In accordance with the transition provisions, the Company adopted FIN 48 effective January 1, 2007.

The Company recognizes that virtually all tax positions in the PRC are not free from some degree of uncertainty due to tax law and policy changes by the state. The Company cannot reasonably quantify political risk factors and thus must depend on guidance issued by current government officials.

Based on all known facts and circumstances and current tax law, the Company believes that the total amount of unrecognized tax benefits as of September 30, 2016 is not material to its results of operations, financial condition or cash flows. The Company also believes that the total amount of unrecognized tax benefits as of September 30, 2016, if recognized, would not have a material effect on its effective tax rate. The Company further believes that there are no tax positions for which it is reasonably possible, based on current Chinese tax law and policy, that the unrecognized tax benefits will significantly increase or decrease over the next twelve months producing, individually or in the aggregate, a material effect on the Company’s results of operations, financial condition or cash flows.

Enterprise income tax

The enterprise income tax is calculated on the basis of the statutory profit as defined in the PRC tax laws. This statutory profit is computed differently than the Company’s net income under U.S. GAAP.

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of deferred tax assets and liabilities from a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Value added tax

The Provisional Regulations of the PRC Concerning Value Added Tax promulgated by the State Council came into effect on January 1, 1994. Under these regulations and the Implementing Rules of the Provisional Regulations of the PRC Concerning Value Added Tax, value added tax (“VAT”) is imposed on goods sold in or imported into the PRC and on processing, repair and replacement services provided within the PRC.

VAT payable in the PRC is charged on an aggregated basis at a rate of 13% or 17% (depending on the type of goods involved) on the full price collected for the goods sold or, in the case of taxable services provided, at a rate of 17% on the charges for the taxable services provided, but excluding, in respect of both goods and services, any amount paid in respect of VAT included in the price or charges, and less any deductible value added tax already paid by the taxpayer on purchases of goods and services in the same financial year. VAT payable is included in prepaid expenses of $0 and is included in prepaid expenses of $211 as of September 30, 2016 and December 31, 2015, respectively.

Contingent liabilities and contingent assets

A contingent liability is a possible obligation that arises from past events and whose existence will only be confirmed by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company. It can also be a present obligation arising from past events that is not recognized because it is not probable that the Company will incur a liability or obligations as a result. A contingent liability, which might occur but is not probable, is not recorded but is disclosed in the notes to the financial statements. The Company will recognize a liability or obligation when it is probable that the Company will incur such liability or obligation.

A contingent asset is an asset, which could possibly arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain events not wholly within the control of the Company. Contingent assets are not recorded but are disclosed in the notes to the financial statements when it is likely that the Company will recognize an economic benefit. When the benefit is virtually certain, the asset is recognized.

Retirement benefit costs

According to PRC regulations on pensions, the Company contributes to a defined contribution retirement program organized by the municipal government in the province in which the Company is registered and all qualified employees are eligible to participate in the program. Contributions to the program are calculated at 23.5% of the employees’ salaries above a fixed threshold amount and the employees contribute 2% to 8% while the Company contributes the remaining 15.5% to 21.5%. The Company has no other material obligation for the payment of retirement benefits beyond the annual contributions under this program.

Fair value of financial instruments

The Company has adopted ASC Topic 820, Fair Value Measurement and Disclosure, which defines fair value, establishes a framework for measuring fair value in U.S. GAAP, and expands disclosures about fair value measurements. It does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. It establishes a three-level valuation hierarchy of valuation techniques based on observable and unobservable inputs, which may be used to measure fair value and include the following:

	●	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

	●	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

	●	Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.

The carrying amount of other receivables, advance to vendors, advances from customers, other payables, accrued liabilities and short-term loans are reasonable estimates of their fair value because of the short-term nature of these items.

Earnings (loss) per share

Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Potentially dilutive shares of common stock consist of the common stock issuable upon the conversion of convertible debt, preferred stock and warrants. The Company uses if-converted method to calculate the dilutive preferred stock and treasury stock method to calculate the dilutive shares issuable upon exercise of warrants.

The following table sets forth the computation of the number of net income per share for the nine months ended September 30, 2016 and 2015:

	September 30, 2016			September 30, 2015
Weighted average shares of common stock outstanding (basic)		33,869,000			33,670,518
Shares issuable upon conversion of Series B Preferred Stock		-			-
Weighted average shares of common stock outstanding (diluted)		33,869,000			33,670,518
Net (loss) available to common shareholders	$	(165,513	)	$	(677,256	)
Net (loss) per shares of common stock (basic)	$	(0.00	)	$	(0.02	)
Net (loss) per shares of common stock (diluted)	$	(0.00	)	$	(0.02	)

For the nine months ended September 30, 2016, the Company excluded 300,000 shares of common stock issuable upon conversion of preferred stock, because such issuance would be anti-dilutive.

The following table sets forth the computation of the number of net income per share for the three months ended September 30, 2016 and 2015:

	September30, 2016			September30, 2015
Weighted average shares of common stock outstanding (basic)		33,934,518			33,670,518
Shares issuable upon conversion of Series B Preferred Stock		-			-
Weighted average shares of common stock outstanding (diluted)		33,934,518			33,670,518
Net (loss) available to common shareholders	$	(63,601	)	$	(525,190	)
Net (loss) per shares of common stock (basic)	$	(0.00	)	$	(0.02	)
Net (loss) per shares of common stock (diluted)	$	(0.00	)	$	(0.02	)

For the three months ended September 30, 2016, the Company excluded 300,000 shares of common stock issuable upon conversion of preferred stock, because such issuance would be anti-dilutive.

Accumulated other comprehensive income

The Company follows ASC 220, Comprehensive Income, formerly known as SFAS No. 130, Reporting Comprehensive Income, to recognize the elements of comprehensive income. Comprehensive income is comprised of net income and all changes to the statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders. For the Company, comprehensive income for the nine months ended September 30, 2016 and 2015 included net income and foreign currency translation adjustments.

Related parties

Parties are considered to be related to the Company if the parties that, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. Transactions with related parties are disclosed in the financial statements.

Recent accounting pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements will have a material impact on its financial condition or the results of its operations.

In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. The amendments in the ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance in U.S. GAAP. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. The amendments in the ASU are effective in the first quarter of 2015 for public organizations with calendar year ends. Early adoption is permitted. The Company does not expect the adoption to have a significant impact on its consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from contracts with Customers (Topic 606)”. This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets. This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. The ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition-Construction-Type and Production-Type Contracts. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchanged for those goods or services. The standard is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

In August 2014, the FASB issued the FASB Accounting Standards Update No. 2014-15 “Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”).

In connection with preparing financial statements for each annual and interim reporting period, an entity’s management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued when applicable). Management’s evaluation should be based on relevant conditions and events that are known and reasonably knowable at the date that the financial statements are issued (or at the date that the financial statements are available to be issued when applicable). Substantial doubt about an entity’s ability to continue as a going concern exists when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued (or available to be issued). The term probable is used consistently with its use in Topic 450, Contingencies.

When management identifies conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern, management should consider whether its plans that are intended to mitigate those relevant conditions or events will alleviate the substantial doubt. The mitigating effect of management’s plans should be considered only to the extent that (1) it is probable that the plans will be effectively implemented and, if so, (2) it is probable that the plans will mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern.

If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, but the substantial doubt is alleviated as a result of consideration of management’s plans, the entity should disclose information that enables users of the financial statements to understand all of the following (or refer to similar information disclosed elsewhere in the footnotes):

	a.	Principal conditions or events that raised substantial doubt about the entity’s ability to continue as a going concern (before consideration of management’s plans)

	b.	Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations

	c.	Management’s plans that alleviated substantial doubt about the entity’s ability to continue as a going concern.

If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, and substantial doubt is not alleviated after consideration of management’s plans, an entity should include a statement in the footnotes indicating that there is substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or available to be issued). Additionally, the entity should disclose information that enables users of the financial statements to understand all of the following:

Principal conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern

	b.	Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations

	c.	Management’s plans that are intended to mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern.

The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted.

Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements.

(5) Concentration of Business and Credit Risk

Most of the Company’s bank accounts are in banks located in the PRC and are not covered by any type of protection similar to that provided by the Federal Deposit Insurance Corporation (“FDIC”) on funds held in U.S. banks. The Company’s bank account in the United States is covered by FDIC insurance.

Because the Company’s operations are located in the PRC, this may give rise to significant foreign currency risks due to fluctuations in and the volatility of foreign exchange rates between U.S. dollars and RMB.

Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash, trade accounts receivables and inventories, the balances of which are stated on the balance sheet. The Company places its cash in banks located in China. Concentration of credit risk with respect to trade accounts receivables is limited due to the diversity of the Company’s customers who are located in different regions of China. The Company does not require collateral or other security to support financial instruments subject to credit risk.

Sales to certain customers generated over 10% of the Company’s total net sales. Sales to Jinko Solar Technology SDN. BHD, for the nine months ended September 30, 2016 were approximately 37% of the Company’s net sales. Sales to Honglang Carbon Industry Co., Ltd for the nine months ended September 30, 2016 were approximately 38% of the Company’s net sales. Sales to Nurol Teknoloji Sanayi Ve Madenci for the nine months ended September 30, 2016 were approximately 15% of the Company’s net sales.

For the nine months ended September 30, 2016, three suppliers accounted for approximately 95% of total purchases.

(6) Inventories

As of September 30, 2016 and December 31, 2015, inventories consisted of the following:

	September30, 2016		December 31, 2015
Finished goods	$	3,325	$	2,386
Reserve for slow moving and obsolete inventory		-		-
	$	3,325	$	2,386

For the nine months ended September 30, 2016 and 2015, the Company has not made provision for inventory in regards to slow moving or obsolete items. As of September 30, 2016 and December 31, 2015, the Company did not record any provision for inventory in regards to slow moving or obsolete items.

(7) Property and Equipment, net

As of September 30, 2016 and December 31, 2015, property, plant and equipment consisted of the following:

	September30, 2016			December 31, 2015
Machinery and equipment	$	6,502		$	5,513
Motor vehicles		41,892			43,125
Total		48,394			48,638
Less: accumulated depreciation		(23,869	)		(17,992	)
Plant and Equipment, net	$	24,525		$	30,646

For the three months ended September 30, 2016 and 2015, depreciation expenses amounted to $2,139 and $2,223, respectively. For the nine months ended September 30, 2016 and 2015, depreciation expenses amounted to $6,478 and $6,715, respectively.

The Company reviews the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition and other economic factors. Based on this assessment, no impairment expenses for property, plant, and equipment was recorded in operating expenses during the nine months ended September 30, 2016 and 2015.

(8) Stockholders’ deficit

Restated Articles of Incorporation

On January 22, 2008, the Company changed its authorized capital stock to 120,000,000 shares of capital stock, of which 20,000,000 shares are shares of preferred stock, par value $0.001 per share, and 100,000,000 shares are shares of common stock, par value $0.001 per share. The restated articles of incorporation authorizes the board of directors of the Company to issue one or more series of preferred stock and to designate the rights, preferences, privileges and limitation of the holders of such preferred stock. The board of directors has authorized the issuance of two series of preferred stock, Series A Convertible Preferred Stock (“Series A Preferred Stock”) and Series B Convertible Preferred Stock (“Series B Preferred Stock”).

Issuance of Common Stock

(a) Stock Issuances For Compensation

On March 8, 2016, the Company issued an aggregate of 200,000 shares of common stock to four directors as compensation for services provided in 2015. The issuance of these shares was recorded at fair market value at $0.03 per share.

On March 8, 2016, the Company issued 64,000 shares of common stock to the CEO and VP of Finance. The issuance of these shares was recorded at grant date fair market value in 2016.

(b) Shares Held in Escrow

In a private placement that closed on December 22, 2009 and January 13, 2010, the Company sold an aggregate of 2,480,500 shares of Series B Preferred Stock and five-year warrants to purchase 992,000 shares of common stock at an exercise price of $1.30 per share, for an aggregate purchase price of $2,976,600. The Company also paid the private placement agent an aggregate of $298,000 and issued five-year warrants to purchase 124,025 shares of common stock at an exercise price of $1.32 per share. In connection with the private placement and pursuant to the transaction agreements, the Company deposited into escrow an aggregate of 1,240,250 shares of common stock, which are to be held in escrow to be returned to the Company or delivered to the investors, depending on whether the Company meets certain financial performance targets for the years ending December 31, 2010 and 2011.

The Company did not meet the financial targets. The number of Escrow Shares payable to each Investor shall be equal to a fraction of the total number of Escrow Shares potentially issuable pursuant to the terms hereof, the numerator of which shall be the amount by which (i) the number of Conversion Shares issued or issuable upon Preferred Shares which was initially issued to the Investor exceeds (ii) the sum of (x) the number of Conversion Shares sold or otherwise transferred by the Investor plus (y) the number of shares of Conversion Shares issued or issuable sold or otherwise transferred by the Investor, and the denominator of which is the number of Conversion Shares issued or issuable by the Company in the Offering. Any Escrow Shares for either Fiscal Year 2011 or Fiscal Year 2010 which are not transferred to the Investors pursuant to this paragraph shall be returned to the Company for cancellation. As of September 30, 2016, no Escrow Shares have been transferred to investors or returned to the Company.

(9) Related Parties

As of September 30, 2016 and December 31, 2015, $142,877 and $147,083 are due to Mr. Donghai Yu, who is CEO of the Company. These amounts are advances made to the Company by unrelated parties through Mr. Donghai Yu for business operating purposes. The advances are interest free.

As of September 30, 2016 and December 31, 2015, $488,105 and $487,529 are the salary owed to Mr. Donghai Yu, who is CEO of the Company. As of September 30, 2016 and December 31, 2015, $45,000 and $45,000 are the salary owed to Mr. Grace King, who is VP finance of the Company.

(10) Other Payable

Other payable amounted $1,248,603 and $1,013,994 as of September 30, 2016 and December 31, 2015, respectively. Other payable are money borrowed from unrelated parties for operating purpose. These payable are without collateral, interest free, and due on demand.

(11) Lease Commitment

Our principal executive office is located in US. The Company leased its corporate address month to month for an annual fee of $1,440.

Royal Shanghai leased an office space in China, the lease term ends on March 31, 2017. The monthly rent is approximately $2,917 (RMB 18,329).

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations.

This quarterly report on Form 10-Q and other reports filed by China Carbon Graphite Group, Inc. (“we,” “us,” “our,” or the “Company”) from time to time with the U.S. Securities and Exchange Commission (the “SEC”) contain or may contain forward-looking statements (collectively the “Filings”) and information that are based upon beliefs of, and information currently available to, the Company’s management as well as estimates and assumptions made by Company’s management. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. When used in the filings, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the negative of these terms and similar expressions as they relate to the Company or the Company’s management identify forward-looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions, and other factors. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). These accounting principles require us to make certain estimates, judgments, and assumptions. We believe that the estimates, judgments, and assumptions upon which we rely are reasonable based upon information available to us at the time that these estimates, judgments, and assumptions are made. These estimates, judgments, and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. Our financial statements would be affected to the extent there are material differences between these estimates and actual results. In many cases, the accounting treatment of a particular transaction is specifically dictated by GAAP and does not require management’s judgment in its application. There are also areas in which management’s judgment in selecting any available alternative would not produce a materially different result. The following discussion should be read in conjunction with our consolidated financial statements and notes thereto appearing elsewhere in this report.

Overview

We are engaged in the manufacturing of graphene, graphene oxide and graphite bipolar plates products in the PRC. We also operate a business-to-business and business-to-consumers Internet portal (www.roycarbon.com) for graphite related products. Vendors can sell raw materials, industrial commodities and consumer (household) commodities to both business and consumers through the website by paying a fee for each transaction conducted through the website.

As of and for the three months ended September 30, 2016, the Company has incurred operating losses. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plans to obtain such resources for the Company include (1) obtaining capital from the sale of its equity securities, (2) sales of its products, and (3) short-term or long-term borrowings from banks, stockholders or other party(ies) when needed. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. The Company plans to look for opportunities to merge with or acquire other graphite companies.

PRC regulations grant broad powers to the government to adjust the price of raw materials and manufactured products. Although the government has not imposed price controls on our raw materials or our products, it is possible that price controls may be implemented in the future, thereby affecting our results of operations and financial condition.

Results of Operations

Comparison of the Three Months Ended September 30, 2016 and 2015

Sales.

During the three months ended September 30, 2016, we had sales of $171,582, compared to sales of $117,572 for the three months ended September 30, 2015, an increase of $54,010, or approximately 45.94%. Significant sales increase was mainly attributable to the increase in demand for products among consumers in the market.

Cost of goods sold.

Our cost of goods sold consists of the purchase cost. During the three months ended September 30, 2016, our cost of goods sold was $142,887, compared to $70,149 for the cost of goods sold for the three months ended September 30, 2015, an increase of $72,738 or approximately 103.69%. The increase in the cost of sales was primarily attributable to the significant increase in sales volume.

Gross profit.

Our gross profit decreased from $47,423 for the three months ended September 30, 2015 to $28,695 for the three months ended September 30, 2016. The decrease of the gross profit is mainly attributed to the increase of cost of goods sold comparing to the increase of sales.

Gross profit Margin.

Our gross profit margin decreased from 40.3% for the three months ended September 30, 2015 to 16.7% for the three months ended September 30, 2016 because the Company are selling much lower margin products during the three month ended September 30, 2016, compared to the three months ended September 30, 2015.

Operating expenses.

Operating expenses totaled $109,820 for the three months ended September 30, 2016, compared to $593,237 for the three months ended September 30, 2015, a decrease of $483,417, or approximately 81.49%. The decrease is mainly attributed to the decrease in general and administrative expenses and selling expenses. The Company recorded an impairment expense of $0 and $494,540 for the three months ended September 30, 2016 and 2015, respectively.

Selling, general and administrative expenses.

Selling expenses decreased from $9,131 for the three months ended September 30, 2015 to $5,222 for the three months ended September 30, 2016, a decrease of $3,909, or 42.81%. The decrease is mainly attributed to decreased payroll expenses because the Company has less staff to meet the development demand.

Our general and administrative expenses consist of salaries, office expenses, utilities, business travel, amortization expenses, public company expenses (including legal expenses, accounting expenses and investor relations expenses) and stock compensation. General and administrative expenses were $104,598 for the three months ended September 30, 2016, compared to $584,106 for the three months ended September 30, 2015, a decrease of $479,508 or 82.09%. The decrease of general and administrative expenses are mainly due to the write off of goodwill $494,540 in expense in 2015.

Loss from operations.

As a result of the factors described above, operating loss was $81,125 for the three months ended September 30, 2016, compared to operating loss of $545,814 for the three months ended September 30, 2015, a decrease of approximately $464,689, or 85.14%.

Other income and expenses.

Our interest expense was $224 for the three months ended September 30, 2016, compared to $731 for the three months ended September 30, 2015.

Rental income of $17,748 and $21,355 were recorded as other income for the three months ended September 30, 2016 and 2015, respectively.

Income tax.

During the three months ended September 30, 2016 and 2015, we did not incur any income tax due for these periods.

Net loss.

As a result of the factors described above, our net loss for the three months ended September 30, 2016 was $63,601, compared to net loss of $525,190 for the three months ended September 30, 2015, a decrease of $461,589, or 87.89%.

Foreign currency translation.

Our consolidated financial statements are expressed in U.S. dollars but the functional currency of our operating subsidiary is RMB. Results of operations and cash flows are translated at average exchange rates during the period, assets and liabilities are translated at the unified exchange rate at the end of the period and equity is translated at historical exchange rates. Translation adjustments resulting from the process of translating the financial statements denominated in RMB into U.S. dollars are included in determining comprehensive income. Our foreign currency translation gain for the three months ended September 30, 2016 was $869, compared a translation loss of $34,912 for the three months ended September 30, 2015, a decrease of $35,781.

Net loss available to common stockholders.

Net loss available to our common stockholders was $63,601, or $(0.00) per share (basic and diluted), for the three months ended September 30, 2016, compared to net loss of $525,190, or net loss of $(0.02) per share (basic and diluted), for the three months ended September 30, 2015.

Comparison of the Nine Months Ended September 30, 2016 and 2015

Sales.

During the nine months ended September 30, 2016, we had sales of $574,522, compared to sales of $146,408 for the nine months ended September 30, 2015, an increase of $428,114, or approximately 292.41%. Significant sales increase was mainly attributable to the increase in demand for products among consumers in the market.

Cost of goods sold.

Our cost of goods sold consists of the purchase cost. During the nine months ended September 30, 2016, our cost of goods sold was $474,477, compared to $80,626 for the cost of goods sold for the nine months ended September 30, 2015, an increase of $393,851 or approximately 488.49%. The increase in the cost of sales was primarily attributable to the significant increase in sales volume.

Gross profit.

Our gross profit increased from $65,782 for the nine months ended September 30, 2015 to $100,045 for the nine months ended September 30, 2016. The increase of the gross profit is mainly attributed to the increase in sales.

Gross profit Margin.

Our gross profit margin decreased from 44.9% for the nine months ended September 30, 2015 to 17.4% for the nine months ended September 30, 2016 because the Company are selling much lower margin products during the nine months ended September 30, 2016 compared to the same period 2015.

Operating expenses.

Operating expenses totaled $322,660 for the nine months ended September 30, 2016, compared to $801,118 for the nine months ended September 30, 2015, a decrease of $478,458, or approximately 59.72%. The decrease is mainly attributed to the decrease in general and administrative expenses and selling expenses. The Company recorded an impairment expense of $0 and $494,540 for the nine months ended September 30, 2016 and 2015, respectively.

Selling, general and administrative expenses.

Selling expenses decreased from $19,591 for the nine months ended September 30, 2015 to $18,212 for the nine months ended September 30, 2016, a decrease of $1,379, or 7.04%. The decrease is mainly attributed to decreased payroll expenses because the Company has less staff to meet the development demand.

Our general and administrative expenses consist of salaries, office expenses, utilities, business travel, amortization expenses, public company expenses (including legal expenses, accounting expenses and investor relations expenses) and stock compensation. General and administrative expenses were $304,448 for the nine months ended September 30, 2016, compared to $781,527 for the nine months ended September 30, 2015, a decrease of $477,079 or 61.04%. The decrease of general and administrative expenses is mainly due to the write off of goodwill $494,540 in expense in 2015.

Loss from operations.

As a result of the factors described above, operating loss was $222,615 for the nine months ended September 30, 2016, compared to operating loss of $735,336 for the nine months ended September 30, 2015, a decrease of approximately $512,721, or 69.73%.

Other income and expenses.

Our interest expense was $560 for the nine months ended September 30, 2016, compared to $1,707 for the nine months ended September 30, 2015.

Rental income of $57,662 and $59,787 were recorded as other income for the nine months ended September 30, 2016 and 2015, respectively.

Income tax.

During the nine months ended September 30, 2016 and 2015, we did not incur any income tax due for these periods.

Net loss.

As a result of the factors described above, our net loss for the nine months ended September 30, 2016 was $165,513, compared to net loss of $677,256 for the nine months ended September 30, 2015, a decrease of $511,743, or 75.56%.

Foreign currency translation.

Our consolidated financial statements are expressed in U.S. dollars but the functional currency of our operating subsidiary is RMB. Results of operations and cash flows are translated at average exchange rates during the period, assets and liabilities are translated at the unified exchange rate at the end of the period and equity is translated at historical exchange rates. Translation adjustments resulting from the process of translating the financial statements denominated in RMB into U.S. dollars are included in determining comprehensive income. Our foreign currency translation gain for the nine months ended September 30, 2016 was $5,736, compared a translation loss of $34,011 for the nine months ended September 30, 2015, an increase of $39,747.

Net loss available to common stockholders.

Net loss available to our common stockholders was $165,513, or $(0.00) per share (basic and diluted), for the nine months ended September 30, 2016, compared to net loss of $677,256, or net loss of $(0.02) per share (basic and diluted), for the nine months ended September 30, 2015.

Liquidity and Capital Resources

Comparison of the Nine Months Ended September 30, 2016 and 2015

All of our business operations are carried out by Royal Shanghai, and all of the cash generated by our operations has been held by that entity. In order to transfer such cash to our parent entity, China Carbon Graphite Group, Inc., which is a Nevada corporation, we would need to rely on dividends, loans or advances made by our PRC subsidiaries. Such transfers may be subject to certain regulations or risks. To date, our parent entity has paid its expenses by raising capital through private placement transactions. In the future, in the event that our parent entity is unable to raise needed funds from private investors, Royal Shanghai would have to transfer funds to our parent entity through our wholly-owned subsidiaries, Royal Hongkong and BVI. Co,

PRC regulations relating to statutory reserves and currency conversion would impact our ability to transfer cash within our corporate structure. The Company Law of the PRC applicable to Chinese companies provides that net after tax income should be allocated by the following rules:

10% of after tax income to be allocated to a statutory surplus reserve until the reserve amounts to 50% of the company’s registered capital.

	2.	If the accumulate balance of statutory surplus reserve is not enough to make up the Company’s cumulative prior years’ losses, the current year’s after tax income should be first used to make up the losses before the statutory surplus reverse is drawn.

	3.	Allocation can be made to the discretionary surplus reserve, if such a reserve is approved at the meeting of the equity owners.

Therefore, the Company is required to maintain a statutory reserve in China that limits any equity distributions to its shareholders. The maximum amount of the shareholders has not been reached. The company has never distributed earnings to shareholders and has consistently stated in the Company’s filings it has no intentions to do so.

The RMB cannot be freely exchanged into the Dollars. The State Administration of Foreign Exchange (“SAFE”) administers foreign exchange dealings and requires that they be conducted though designated financial institutions. Foreign Investment Enterprises, such as Royal Shanghai, may purchase foreign currency from designated financial institutions in connection with current account transactions, including profit repatriation.

These factors will limit the amount of funds that we can transfer from Royal Shanghai to our parent entity and may delay any such transfer. In addition, upon repatriation of earnings of Royal Shanghai to the United States, those earnings may become subject to United States federal and state income taxes. We have not accrued any U.S. federal or state tax liability on the undistributed earnings of our foreign subsidiary because those funds are intended to be indefinitely reinvested in our international operations. Accordingly, taxes imposed upon repatriation of those earnings to the U.S. would reduce the net worth of the Company.

Our primary capital needs have been to fund our working capital requirements. Our primary sources of financing will be cash generated from loans from banks, equity investment from investors, and borrowings from unrelated parties.

The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. At this point, there can be no assurance that the Company is able to obtain such funding.

Our long-term goal is to develop our Royal Shanghai business. During the interim, we expect that anticipated cash flows from future operations, loans and equity investment from unrelated or related parties, provided that:

	●	we generate sufficient business so that we are able to generate substantial profits, which cannot be assured;

	●	we are able to generate savings by improving the efficiency of our operations.

We may require additional equity, debt or bank funding to finance acquisitions or to allow us to develop our Royal Shanghai business, which is one of our primary growth strategies. We can provide no assurances that we will be able to enter into any additional financing agreements on terms favorable to us, if at all, especially considering the current global instability of the capital markets.

At September 30, 2016, cash and cash equivalents were $34,018, compared to $35,523 at December 31, 2015, a decrease of $1,505. Our working capital deficit increased by $145,736 to a deficit of $1,988,626 at September 30, 2016 from $1,842,890 at December 31, 2015.

As of September 30, 2016, inventories were $3,325, compared to $2,386 at December 31, 2015, an increase of $939, or 39.4%. As of September 30, 2016 and December 31, 2015, the Company has not made provision for inventory in regards to slow moving or obsolete items.

As of September 30, 2016, prepaid expenses were $0, compared to $211 at December 31, 2015, a decrease of $211, or 100%. The decrease in prepaid expenses is attributed to amortization of prepaid services.

The following table sets forth information about our net cash flow for the nine months indicated:

	For Nine months Ended September 30
	2016			2015
Net cash flows provided by (used in) operating activities	$	650		$	(28,263	)
Net cash flows used in investing activities	$	(1,163	)	$	(1,067	)
Net cash flows provided by financing activities	$	-		$	24,489

Net cash flow provided by operating activities was $650 for the nine months ended September 30, 2016, compared to $28,263 used in operating activities for the nine months ended September 30, 2015, a decrease of $28,913. The increase in net cash flow in operating activities was mainly due to increase of $236,831 in other payables, offset by increase of $101,926 in accounts receivable.

Net cash flow used in investing activities was $1,163 for the nine months ended September 30, 2016, compared to $1,067 for the nine months ended September 30, 2015, an increase of $96, or 9%. The increase is mainly due to there were more acquisition of plant and equipment in the nine months ended September 30, 2016.

Net cash flow provided by financing activities was $0 for the nine months ended September 30, 2016, compared to $24,489 provided by financing activities for the nine months ended September 30, 2015, a decrease of $24,489. The decrease in net cash flow provided by financing activities was mainly due to proceeds received from related parties in the nine months ended September 30, 2016.

Concentration of Business and Credit Risk

Off-Balance Sheet Arrangements

We have not entered into any off-balance sheet arrangements.

Significant Accounting Estimates and Policies

The discussion and analysis of our financial condition and results of operations is based upon our financial statements that have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets and liabilities. On an ongoing basis, we evaluate our estimates including the allowance for doubtful accounts, the salability and recoverability of our products, income taxes and contingencies. We base our estimates on historical experience and on other assumptions that we believe to be reasonable under the circumstances, the results of which form our basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

Revenue Recognition

Comprehensive Income

We have adopted ASC 220, Comprehensive Income, formerly known as SFAS No. 130, Reporting Comprehensive Income, which establishes standards for reporting and presentation of comprehensive income (loss) and its components in a full set of general purpose financial statements. We have chosen to report comprehensive income (loss) in the statements of operations and comprehensive income.

Income Taxes

We account for income taxes under the provisions of ASC 740, Income Tax, formerly known as SFAS No. 109, Accounting for Income Taxes, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the consolidated financial statements or tax returns. Deferred tax assets and liabilities are recognized for the future tax consequence attributable to the difference between the tax bases of assets and liabilities and their reported amounts in the financial statements. Deferred tax assets and liabilities are measured using the enacted tax rate expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Effective January 1, 2008, the new Chinese income tax law sets unified income tax rates for domestic and foreign companies at 25%, except for a 15% corporate income tax rate for qualified high technology and science enterprises. In accordance with this new income tax law, low preferential tax rates in accordance with both the tax laws and administrative regulations prior to the promulgation of this law gradually become subject to the new tax rate within five years after the implementation of this law.

Accounts Receivable and Allowance For Doubtful Accounts

Accounts receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An estimate for allowance for doubtful accounts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred. Accounts receivable are recorded at the invoiced amount and do not bear interest. Management reviews the adequacy of the allowance for doubtful accounts on an ongoing basis, using historical collection trends and aging of receivables. Management also periodically evaluates individual customer’s financial condition, credit history, and the current economic conditions to make adjustments in the allowance when it is considered necessary. The allowance for doubtful accounts amounted to $nil as of September 30, 2016 and December 31, 2015.

Inventories

Inventories are stated at the lower of cost, determined on a weighted average basis, and net realizable value. Work in progress and finished goods are composed of direct material, direct labor and a portion of manufacturing overhead. Net realizable value is the estimated selling price, in the ordinary course of business, less estimated costs to complete and dispose. The cost of inventories comprises all costs of purchases, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The costs of conversion of inventories include fixed and variable production overhead, taking into account the stage of completion. For the three and nine months ended September 30, 2016 and 2015, the Company has not made provision for inventory in regards to slow moving or obsolete items.

Property, Plant and Equipment

Property, plant and equipment are stated at cost. Major expenditures for betterments and renewals are capitalized while ordinary repairs and maintenance costs are expensed as incurred. Depreciation and amortization is provided using the straight-line method over the estimated useful life of the assets after taking into account the estimated residual value. The Company reviews the carrying value of property, plant, and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition, and other economic factors. Based on this assessment, no impairment expenses for property, plant, and equipment was recorded in operating expenses during the three and nine months ended September 30, 2016 and 2015.

Research and Development

Research and development costs are expensed as incurred, and are included in general and administrative expenses. These costs primarily consist of the cost of material used and salaries paid for the development of our products and fees paid to third parties. Our research and development expense for the three and nine months ended September 30, 2016 and 2015 were not significant.

Value Added Tax

Pursuant to China’s VAT rules and regulations, as an ordinary VAT taxpayer we are subject to a tax rate of 17% (“output VAT”). The output VAT is payable after offsetting VAT paid by us on purchases (“input VAT”). Under the commercial practice of the PRC, the Company paid VAT and business tax based on tax invoices issued.

The tax invoices may be issued subsequent to the date on which revenue is recognized, and there may be a considerable delay between the date on which the revenue is recognized and the date on which the tax invoice is issued. In the event that the PRC tax authorities dispute the date on which revenue is recognized for tax purposes, the PRC tax office has the right to assess a penalty, which can range from zero to five times the amount of the taxes that are determined to be late or deficient. In the event that a tax penalty is assessed on late or deficient payments, the penalty will be expensed as a period expense if and when a determination has been made by the taxing authorities that a penalty is due.

Fair Value of Financial Instruments

On January 1, 2008, the Company began recording financial assets and liabilities subject to recurring fair value measurement at the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. On January 1, 2009, the Company began recording non-recurring financial as well as all non-financial assets and liabilities subject to fair value measurement under the same principles. These fair value principles prioritize valuation inputs across three broad levels. The three levels are defined as follows:

	●	Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

	●	Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liabilities, either directly or indirectly, for substantially the full term of the financial instruments.

	●	Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.

The carrying amounts of financial assets and liabilities, including cash and cash equivalents, accounts receivable, notes receivable, advances to suppliers, other receivables, short-term bank loans, notes payable, accounts payable, advances from customers and other payables, approximate their fair values because of the short maturity period for these instruments.

Stock-based Compensation

Stock-based compensation includes (i) common stock awards granted to employees and directors for services which are accounted for under FASB ASC 718, Compensation–Stock Compensation, and (ii) common stock awards granted to consultants which are accounted for under FASB ASC 505-50, Equity–Equity-Based Payments to Non-Employees.

Common stock awards are granted to directors for services provided.

The Company estimates fair value of common stock awards based on the number of shares granted and the quoted price of the Company’s common stock on the date of grant.

No stock compensation expenses was amortized and recognized as general and administrative expenses for the nine months ended September 30, 2016 and 2015, respectively.

Recent Accounting Pronouncements

In connection with preparing financial statements for each annual and interim reporting period, an entity’s management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued when applicable). Management’s evaluation should be based on relevant conditions and events that are known and reasonably knowable at the date that thefinancial statements are issued (or at the date that the financial statements are available to be issued when applicable). Substantial doubt about an entity’s ability to continue as a going concern exists when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued (or available to be issued). The term probable is used consistently with its use in Topic 450, Contingencies.

Principal conditions or events that raised substantial doubt about the entity’s ability to continue as a going concern (before consideration of management’s plans)

Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations

Management’s plans that alleviated substantial doubt about the entity’s ability to continue as a going concern.

Principal conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern

Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations

Management’s plans that are intended to mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern.

The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted.

Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements.

Item 3.

Quantitative and Qualitative Disclosures about Market Risk.

Not applicable because we are a smaller reporting company.

Item 4.

Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Our management, including our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of September 30, 2016.

Disclosure controls and procedures refer to controls and other procedures designed to ensure that information required to be disclosed in the reports we file or submit under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating our disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating and implementing possible controls and procedures.

Management conducted its evaluation of disclosure controls and procedures under the supervision of our Chief Executive Officer and Chief Financial Officer. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, because of the material weakness in internal control over financial reporting, our disclosure controls and procedures were not effective as of September 30, 2016.

Changes in Internal Control over Financial Reporting

During the nine months ended September 30, 2016, there has been no change in our internal controls over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting. We will continue to monitor the deficiencies identified in internal controls and make changes that our management deems necessary.

Limitations on Controls

Management does not expect that our disclosure controls and procedures or our internal control over financial reporting will prevent or detect all error and fraud. Any control system, no matter how well designed and operated, is based upon certain assumptions and can provide only reasonable assurance that its objectives will be met. Further, no evaluation of controls can provide absolute assurance that misstatements due to error or fraud will not occur or that all control issues and instances of fraud, if any, within the Company have been detected.

PART II – OTHER INFORMATION

Item 1.

Legal Proceedings

There are no other actions, suits, proceedings, inquiries or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our company or any of our subsidiaries, threatened against or affecting our company, our common stock, any of our subsidiaries or of our companies or our subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

There were no unregistered sales of the Company’s equity securities during the nine months ended September 30, 2016, that were not otherwise disclosed in a Current Report on Form 8-K.

Item 3.

Defaults Upon Senior Securities

There has been no default in the payment of principal, interest, sinking or purchase fund installment, or any other material default, with respect to any indebtedness of the Company.

Item 4.

Mine Safety Disclosures

Not applicable.

Item 5.

Other Information

There is no other information required to be disclosed under this item which was not previously disclosed.

Item 6.

Exhibits

Exhibit Number		Description

31.1*		Certifications of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*		Certifications of the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1+		Certifications of the Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2+		Certifications of the Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*		XBRL Instance Document
101.SCH*		XBRL Taxonomy Extension Schema Document
101.CAL*		XBRL Taxonomy Extension Calculation Linkbase Document.
101.LAB*		XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*		XBRL Taxonomy Extension Presentation Linkbase Document.
101.DEF*		XBRL Taxonomy Extension Definition Linkbase Document.

* Filed herewith

+ In accordance with the SEC Release 33-8238, deemed being furnished and not filed.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CHINA CARBON GRAPHITE GROUP, INC.

Date: November14, 2016	By:	/s/ Donghai Yu
		Donghai Yu
		Chief Executive Officer

Date: November14, 2016	By:	/s/ ZhenfangYang
		Zhenfang Yang
		Chief Financial Officer

EX-31.1 2 f10q0916ex31i_chinacarbon.htm CERTIFICATION

EXHIBIT 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Donghai Yu, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of China Carbon Graphite Group, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 14, 2016

/s/ Donghai Yu

Donghai Yu

Chief Executive Officer

(Principal Executive Officer

EX-31.2 3 f10q0916ex31ii_chinacarbon.htm CERTIFICATION

EXHIBIT 31.2

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Zhenfang Yang, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of China Carbon Graphite Group, Inc.;

(a)

(b)

(c)

(d)

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 14, 2016

/s/ Zhenfang Yang

Zhenfang Yang

Chief Financial Officer

(Principal Financial Officer

EX-32.1 4 f10q0916ex32i_chinacarbon.htm CERTIFICATION

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code), the undersigned officer of China Carbon Graphite Group, Inc. (the “Company”), does hereby certify, to such officer’s knowledge, that:

The Quarterly Report on Form 10-Q for the quarter ended September 30, 2016 (the “Form 10-Q”) of the Company fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934 and the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company as of, and for, the periods presented in the Form 10-Q.

Date: November 14, 2016

/s/ Donghai Yu

Donghai Yu

Chief Executive Officer

(Principal Executive Officer)

The foregoing certification is being furnished as an exhibit to the Form 10-Q pursuant to Item 601(b)(32) of Regulation S-K and Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code) and, accordingly, is not being filed as part of the Form 10-Q for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

EX-32.2 5 f10q0916ex32ii_chinacarbon.htm CERTIFICATION

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

Date: November 14, 2016

/s/ Zhenfang Yang

Zhenfang Yang

Chief Financial Officer

(Principal Financial Officer)

GRAPHIC 6 image_001.gif GRAPHIC begin 644 image_001.gif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end EX-101.INS 7 chgi-20160930.xml XBRL INSTANCE FILE 0001284450 2008-01-22 0001284450 us-gaap:SeriesBPreferredStockMember us-gaap:PrivatePlacementMember 2010-01-13 0001284450 us-gaap:PrivatePlacementMember 2010-01-13 0001284450 us-gaap:SeriesBPreferredStockMember us-gaap:PrivatePlacementMember 2009-12-22 2010-01-13 0001284450 us-gaap:PrivatePlacementMember 2009-12-22 2010-01-13 0001284450 us-gaap:PrivatePlacementMember us-gaap:WarrantMember 2009-12-22 2010-01-13 0001284450 2014-12-31 0001284450 2015-06-30 0001284450 2015-07-01 2015-09-30 0001284450 2015-01-01 2015-09-30 0001284450 2015-09-30 0001284450 2015-12-31 0001284450 us-gaap:MachineryAndEquipmentMember 2015-12-31 0001284450 us-gaap:VehiclesMember 2015-12-31 0001284450 us-gaap:ChiefExecutiveOfficerMember 2015-12-31 0001284450 us-gaap:VicePresidentMember 2015-12-31 0001284450 2016-03-08 0001284450 2016-03-01 2016-03-08 0001284450 us-gaap:DirectorMember 2016-03-01 2016-03-08 0001284450 2016-07-01 2016-09-30 0001284450 us-gaap:WarrantMember 2016-07-01 2016-09-30 0001284450 2016-01-01 2016-09-30 0001284450 us-gaap:MachineryAndEquipmentMember 2016-01-01 2016-09-30 0001284450 us-gaap:WarrantMember 2016-01-01 2016-09-30 0001284450 us-gaap:AutomobilesMember 2016-01-01 2016-09-30 0001284450 us-gaap:SalesRevenueNetMember 2016-01-01 2016-09-30 0001284450 us-gaap:SalesRevenueNetMember chgi:JinkoSolarTechnologyMember 2016-01-01 2016-09-30 0001284450 us-gaap:SalesRevenueNetMember chgi:HonglangCarbonIndustryCoMember 2016-01-01 2016-09-30 0001284450 us-gaap:SalesRevenueNetMember chgi:NurolTeknolojiSanayiVeMadenciMember 2016-01-01 2016-09-30 0001284450 2016-09-30 0001284450 us-gaap:MachineryAndEquipmentMember 2016-09-30 0001284450 us-gaap:VehiclesMember 2016-09-30 0001284450 us-gaap:ChiefExecutiveOfficerMember 2016-09-30 0001284450 us-gaap:VicePresidentMember 2016-09-30 0001284450 2016-11-14 xbrli:shares iso4217:USD iso4217:USDxbrli:shares iso4217:CNY xbrli:pure chgi:Segment chgi:Suppliers China Carbon Graphite Group, Inc. 0001284450 false --12-31 10-Q 2016-09-30 2016 Q3 Smaller Reporting Company 33670518 30863 7892 25433 35523 34018 25718 125533 2386 3325 211 42695 9456 106533 172332 30646 24525 137179 196857 193448 181293 532623 533170 7260 1013994 1248603 147083 142877 55015 55015 1949423 2160958 1949423 2160958 33670 33934 48391103 48398759 76978 82714 -50313995 -50479508 -1812244 -1964101 137179 196857 0.001 0.001 0.001 100000000 100000000 100000000 33670518 33934518 33670518 33934518 117572 146408 171582 574522 70149 80626 142887 474477 47423 65782 28695 100045 9131 19591 5222 18212 584106 781527 104598 304448 593237 801118 109820 322660 -545814 -735336 -81125 -222615 731 1707 224 560 21355 59787 17748 57662 20624 58080 17524 57102 -525190 -677256 -63601 -165513 -525190 -677256 -63601 -165513 -525190 -677256 -63601 -165513 -34912 -34011 869 5736 -560102 -711267 -62732 -159777 -0.02 -0.02 0.00 0.00 0.00 0.00 0.00 0.00 -0.02 -0.02 0.00 0.00 33670518 33670518 33934518 33869000 33670518 33670518 33934518 33869000 6715 6478 494540 7920 43026 101926 9515 -32620 -16780 1345 1021 157264 -9234 -6568 -7149 6814 1644 27334 236831 -28263 650 1067 1163 -1067 -1163 -24489 24489 -589 -992 -5430 -1505 1707 560 7920 <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">(1) Organization and Business <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">China Carbon Graphite Group, Inc. (the “Company”), through its subsidiaries, is engaged in the manufacture and sales of graphene and graphene oxide and graphite bipolar plates in the People’s Republic of China (“China” or the “PRC”). We also operate a business-to-business and business-to-consumers Internet portal (www.roycarbon.com) for graphite related products. Vendors can sell raw materials, industrial commodities and consumer (household) commodities to both business and consumers through the website by paying a fee for each transaction conducted through the website. <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company was incorporated on February 13, 2003 in Nevada under the name Achievers Magazine Inc. In connection with the reverse merger transaction described below, the Company’s corporate name was changed to China Carbon Graphite Group, Inc. on January 30, 2008. <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The consolidated financial statements presented herein consolidate the financial statements of China Carbon Graphite, Inc. with the financial statements of its subsidiaries, Golden Ivy Limited, Royal Elite International Limited, Royal Elite New Energy Science and Technology (ShangHai) Co., Ltd., Talent International Investment Limited, and Xinghe Yongle Carbon Co., Ltd. <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">Organizational Structure Chart <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The following chart sets forth our organizational structure: <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <img alt="image_001.gif" src="image_001.gif" /> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">Liquidity and Working Capital Deficit <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">As of September 30, 2016 and as of December 31, 2015, the Company managed to operate its business with a negative working capital. <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company Law of the PRC applicable to Chinese companies provides that net after tax income should be allocated by the following rules: <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"> <tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-size-adjust: none; font-stretch: normal;"> <td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; width: 48px; text-align: left; text-indent: 0pt; font-size-adjust: none; font-stretch: normal;">1.</td> <td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; width: 1519px; text-align: left; text-indent: 0pt; font-size-adjust: none; font-stretch: normal;">10% of after tax income to be allocated to a statutory surplus reserve until the reserve amounts to 50% of the company’s registered capital.</td> </tr> <tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-size-adjust: none; font-stretch: normal;"> <td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-size-adjust: none; font-stretch: normal;"> </td> <td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-size-adjust: none; font-stretch: normal;"> </td> </tr> <tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-size-adjust: none; font-stretch: normal;"> <td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-size-adjust: none; font-stretch: normal;">2.</td> <td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-size-adjust: none; font-stretch: normal;">If the cumulative balance of statutory surplus reserve is not enough to make up the Company’s cumulative prior years’ losses, the current year’s after tax income should be first used to make up the losses before the statutory surplus reverse is drawn.</td> </tr> <tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-size-adjust: none; font-stretch: normal;"> <td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-size-adjust: none; font-stretch: normal;"> </td> <td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-size-adjust: none; font-stretch: normal;"> </td> </tr> <tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-size-adjust: none; font-stretch: normal;"> <td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-size-adjust: none; font-stretch: normal;">3.</td> <td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-size-adjust: none; font-stretch: normal;">Allocation can be made to the discretionary surplus reserve, if such a reserve is approved at the meeting of the equity owners.</td> </tr> </table> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;">Therefore, the Company is required to maintain a statutory reserve in China that limits any equity distributions to its shareholders. The maximum amount of the shareholders has not been reached. The Company has never distributed earnings to shareholders and has no intentions to do so. <p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: left;">(2) Going Concern<p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: left; text-indent: 36pt;"> <p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: left;">The Company’s consolidated financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of and for the period ended September 30, 2016, the Company has incurred operating losses and working capital deficit. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.<p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: left; text-indent: 36pt;"> <p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: left;">Management’s Plan to Continue as a Going Concern<p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: left; text-indent: 36pt;"> <p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: left;">In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plans to obtain such resources for the Company include (1) obtaining capital from the sale of its equity securities, (2) sales of its products, and (3) short-term or long-term borrowings from banks, stockholders or other party(ies) when needed. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. The Company plans to look for opportunities to merge with other companies in the graphite industry.<p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: left;"> <p style="color: #000000; font-family: 'times new roman', times, serif; font-size: 10pt; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-indent: 0px; text-transform: none; white-space: normal; widows: 1; word-spacing: 0px; -webkit-text-stroke-width: 0px; font-stretch: normal; margin: 0pt 0px; text-align: left;">The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually to secure other sources of financing and attain profitable operations. <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">(3) Basis for Preparation of the Consolidated Financial Statements<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Management acknowledges its responsibility for the preparation of the accompanying interim consolidated financial statements which reflect all adjustments, consisting of normal recurring adjustments, considered necessary in its opinion for a fair statement of its consolidated financial position and the results of its operations for the interim period presented. These consolidated financial statements should be read in conjunction with the summary of significant accounting policies and notes to consolidated financial statements included in the Company’s Form 10-K annual report for the year ended December 31, 2015. The consolidated balance sheet as of December 31, 2015 has been derived from the audited financial statements. The results of the nine months ended September 30, 2016 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2016.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The accompanying unaudited consolidated financial statements for China Carbon Graphite Group, Inc. and its subsidiaries and variable interest entity, have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company maintains its books and accounting records in Renminbi (“RMB”), but its reporting currency is U.S. dollars.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The financial statements have been prepared in order to present the financial position and results of operations of the Company and its subsidiaries whose financial condition consolidated with the Company pursuant to ASC Topic 810-10, Consolidation, in accordance with U.S. GAAP. All significant intercompany accounts and transactions have been eliminated.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">(4) Summary of Significant Accounting Policies<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The accompanying consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Use of estimates<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The preparation of these financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of net sales and expenses during the reporting period. Some of the significant estimates include values and lives assigned to acquired property, equipment and intangible assets, reserves for customer returns and allowances, uncollectible accounts receivable, slow moving, obsolete and/or damaged inventory and stock warrant valuation. Actual results may differ from these estimates.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Cash and cash equivalents<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company considers all highly liquid debt instruments purchased with maturity periods of six months or less to be cash equivalents. The carrying amounts reported in the accompanying balance sheet for cash and cash equivalents approximate their fair value. Substantially all of the Company’s cash is held in bank accounts in the PRC and is not protected by FDIC insurance or any other similar insurance. The Company’s bank account in the United States is protected by FDIC insurance.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Accounts receivable<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Trade receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred. Accounts receivable are recorded at the invoiced amount and do not bear interest. Management reviews the adequacy of the allowance for doubtful accounts on an ongoing basis, using historical collection trends and aging of receivables. Management also periodically evaluates individual customer’s financial condition, credit history, and the current economic conditions to make adjustments in the allowance when it is considered necessary.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Inventory<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Inventory is stated at the lower of cost or market. The cost of inventories comprises all costs of purchases, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The costs of conversion of inventories include fixed and variable production overhead, taking into account the stage of completion. Cost is determined using the weighted average method. Market value represents the estimated selling price in the ordinary course of business less the estimated costs necessary to complete the sale. The Company periodically reviews historical sales activity to determine excess, slow moving items and potentially obsolete items and also evaluates the impact of any anticipated changes in future demand. The Company provides inventory allowances based on excess and obsolete inventories determined principally by customer demand. Impairment of inventories is recorded in cost of goods sold.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">For the nine months ended September 30, 2016 and 2015, the Company has not made provision for inventory in regards to slow moving or obsolete items.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Goodwill<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #00b0f0; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;">The Company periodically reviews the carrying value of intangible assets not subject to amortization, including goodwill, to determine whether impairment may exist. Goodwill and certain intangible assets are assessed annually, or when certain triggering events occur, for impairment using fair value measurement techniques. These events could include a significant change in the business climate, legal factors, a decline in operating performance, competition, sale or disposition of a significant portion of the business, or other factors. Specifically, goodwill impairment is determined using a two-step process. The first step of the goodwill impairment test is used to identify potential impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. The Company recorded an impairment expense of $0 and $494,540 for the nine months ended September 30, 2016 and 2015, respectively.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;">   <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Property and equipment<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Property and equipment is stated at the historical cost, less accumulated depreciation. Depreciation on property and equipment is provided using the straight-line method over the estimated useful lives of the assets for both financial and income tax reporting purposes as follows:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1378px; text-align: justify; color: black;">Machinery and equipment</td><td style="width: 15px; color: black;"> </td><td style="width: 15px; text-align: left; color: black;"> </td><td style="width: 143px; text-align: right; color: black;">5 years</td><td style="width: 16px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: justify; color: black;">Motor vehicle</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">5 years</td><td style="text-align: left; color: black;"> </td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Expenditures for renewals and betterments are capitalized while repairs and maintenance costs are normally charged to the statement of operations in the year in which they are incurred. In situations where it can be clearly demonstrated that the expenditure has resulted in an increase in the future economic benefits expected to be obtained from the use of the asset, the expenditure is capitalized as an additional cost of the asset.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Upon sale or disposal of an asset, the historical cost and related accumulated depreciation or amortization of such asset were removed from their respective accounts and any gain or loss is recorded in the statements of income.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company reviews the carrying value of property, plant, and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition and other economic factors. Based on this assessment, no impairment expenses for property, plant, and equipment was recorded in operating expenses during the nine months ended September 30, 2016 and 2015.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Stock-based compensation<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Stock-based compensation includes (i) common stock awards granted to employees and directors for services which are accounted for under FASB ASC 718, Compensation–Stock Compensation” and (ii) common stock awards granted to consultants which are accounted for under FASB ASC 505-50, Equity–Equity-Based Payments to Non-Employees.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">All grants of common stock awards and stock options to employees and directors are recognized in the financial statements based on their grant date fair values. The Company has elected to recognize compensation expense using the straight-line method for all common stock awards and stock options granted with service conditions that have a graded vesting schedule, with a corresponding charge to additional paid-in capital.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Common stock awards are granted to directors for services provided. The vested portions of common stock awards granted but not yet issued are recorded in common stock to be issued.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Common stock awards issued to consultants represent common stock granted to non-employees in exchange for services at fair value. The measurement dates for such awards are set at the dates that the contracts are entered into as the awards are non-forfeitable and vest immediately. The measurement date fair value is then recognized over the service period as if the Company has paid cash for such service.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company estimates fair value of common stock awards based on the number of shares granted and the quoted price of the Company’s common stock on the date of grant.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Foreign currency translation<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The reporting currency of the Company is U.S. dollars. The Company uses RMB as its functional currency. The results of operations and cash flows are translated at average exchange rates during the period, and assets and liabilities are translated at the unified exchange rates at the balance sheet dates, and equity is translated at the historical exchange rates. As a result, amounts related to assets and liabilities reported on the statements of cash flows will not necessarily agree with changes in the corresponding accounts on the balance sheets. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statements of stockholders’ equity. Translation adjustments for the three months ended September 30, 2016 and 2015 were $869 and $(34,912), respectively. Translation adjustments for the nine months ended September 30, 2016 and 2015 were $5,736 and $(34,011), respectively. The cumulative translation adjustment and effect of exchange rate changes on cash for the nine months ended September 30, 2016 and 2015 were $(992) and $(589), respectively. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Assets and liabilities were translated at 6.67 RMB and 6.48 RMB to $1.00 at September 30, 2016 and December 31, 2015, respectively. The equity accounts were stated at their historical rates. The average translation rates applied to income statements for the nine months ended September 30, 2016 and 2015 were 6.58 RMB and 6.25 RMB to $1.00, respectively. Cash flows are also translated at average translation rates for the period; therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheet.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Revenue recognition<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">We recognize revenue in accordance with ASC 605-25, Revenue Recognition, which states that revenue should be recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the service has been rendered; (3) the selling price is fixed or determinable; and (4) collection of the resulting receivable is reasonably assured. Sales represent the invoiced value of goods, net of value added tax (“VAT”), if any, and are recognized upon delivery of goods and passage of title.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In accordance with ASC 605-25, the Company recognizes revenue when persuasive evidence of an arrangement exists, transfer of title has occurred or services have been rendered, the selling price is fixed or determinable and collectability is reasonably assured.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company derives revenues from the manufacturing and distribution of graphite based products. The Company recognizes its revenues net of VAT. The Company is subject to VAT, which is levied on a majority of the products, at a rate ranging from 13% to 17% on the invoiced value of sales. Output VAT is borne by customers in addition to the invoiced value of sales and input VAT is borne by the Company in addition to the invoiced value of purchases to the extent not refunded for export sales.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company recognizes revenue upon receipt of the delivery confirmation provided by the customer or distributor. The Company does not provide chargeback or price protection rights to the distributors. The distributor only places purchase orders with the Company once it has confirmed the sale with a third party because this is a specialized business, which dictates that the Company will not manufacture the products until the purchase order is received. The Company allows its customers to return products only if its products are later determined by the Company to be defective. Based on the Company’s historical experience, product returns have been insignificant throughout all of its product lines. Therefore, the Company does not estimate deductions or allowances for sales returns. If sales returns occur, they are taken against revenue when products are returned from customers. Sales are presented net of any discounts given to customers. Interest income is recognized when earned. The Company experienced no returns for the nine months ended September 30, 2016 and 2015.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Cost of goods sold<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Cost of goods sold consists primarily of the costs of products.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Shipping and handling costs<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company follows ASC 605-45, Handling Costs, and Shipping Costs, formerly known as Emerging Issues Task Force No. 00-10, Accounting for Shipping and Handling Fees and Costs. The Company classifies shipping and handling costs paid on behalf of its customers in selling expenses. For the three months ended September 30, 2016 and 2015, shipping and handling costs were $707 and $4,827, respectively. For the nine months ended September 30, 2016 and 2015, shipping and handling costs were $7,672 and $11,118, respectively. <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Segment reporting<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">ASC 280, Segment Reporting, formerly known as Statement of Financial Accounting Standards No. 131, Disclosure about Segments of an Enterprise and Related Information, requires use of the “management approach” model for segment reporting. Under this model, segment reporting is consistent with the manner that the Company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure or any other manner in which management disaggregates a company.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Because the Company sells only carbon graphite products to Chinese distributors and end users, it has only one business segment.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Taxation<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Taxation on profits earned in the PRC has been calculated based on the estimated assessable profits for the year at the rates of taxation prevailing in the PRC after taking into account the benefits from any special tax credits or “tax holidays” allowed in the county of operations.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company does not accrue U.S. income tax since it has no operations in the United States. Its operating subsidiaries are organized and located in the PRC and do not conduct any business in the United States.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In 2006, the Financial Accounting Standards Board (“FASB”) issued ASC, 740 Income Tax, formerly known as FIN 48, which clarifies the application of SFAS 109 by defining a criterion that an individual income tax position must meet for any part of the benefit of that position to be recognized in an enterprise’s financial statements and provides guidance on measurement, recognition, classification, accounting for interest and penalties, accounting in interim periods, disclosure and transition. In accordance with the transition provisions, the Company adopted FIN 48 effective January 1, 2007.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company recognizes that virtually all tax positions in the PRC are not free from some degree of uncertainty due to tax law and policy changes by the state. The Company cannot reasonably quantify political risk factors and thus must depend on guidance issued by current government officials.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Based on all known facts and circumstances and current tax law, the Company believes that the total amount of unrecognized tax benefits as of September 30, 2016 is not material to its results of operations, financial condition or cash flows. The Company also believes that the total amount of unrecognized tax benefits as of September 30, 2016, if recognized, would not have a material effect on its effective tax rate. The Company further believes that there are no tax positions for which it is reasonably possible, based on current Chinese tax law and policy, that the unrecognized tax benefits will significantly increase or decrease over the next twelve months producing, individually or in the aggregate, a material effect on the Company’s results of operations, financial condition or cash flows.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Enterprise income tax<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The enterprise income tax is calculated on the basis of the statutory profit as defined in the PRC tax laws. This statutory profit is computed differently than the Company’s net income under U.S. GAAP.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of deferred tax assets and liabilities from a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Value added tax<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Provisional Regulations of the PRC Concerning Value Added Tax promulgated by the State Council came into effect on January 1, 1994. Under these regulations and the Implementing Rules of the Provisional Regulations of the PRC Concerning Value Added Tax, value added tax (“VAT”) is imposed on goods sold in or imported into the PRC and on processing, repair and replacement services provided within the PRC. <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">VAT payable in the PRC is charged on an aggregated basis at a rate of 13% or 17% (depending on the type of goods involved) on the full price collected for the goods sold or, in the case of taxable services provided, at a rate of 17% on the charges for the taxable services provided, but excluding, in respect of both goods and services, any amount paid in respect of VAT included in the price or charges, and less any deductible value added tax already paid by the taxpayer on purchases of goods and services in the same financial year. VAT payable is included in prepaid expenses of $0 and is included in prepaid expenses of $211 as of September 30, 2016 and December 31, 2015, respectively.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #0d0d0d; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Contingent liabilities and contingent assets<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">A contingent liability is a possible obligation that arises from past events and whose existence will only be confirmed by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company. It can also be a present obligation arising from past events that is not recognized because it is not probable that the Company will incur a liability or obligations as a result. A contingent liability, which might occur but is not probable, is not recorded but is disclosed in the notes to the financial statements. The Company will recognize a liability or obligation when it is probable that the Company will incur such liability or obligation.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">A contingent asset is an asset, which could possibly arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain events not wholly within the control of the Company. Contingent assets are not recorded but are disclosed in the notes to the financial statements when it is likely that the Company will recognize an economic benefit. When the benefit is virtually certain, the asset is recognized.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Retirement benefit costs<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">According to PRC regulations on pensions, the Company contributes to a defined contribution retirement program organized by the municipal government in the province in which the Company is registered and all qualified employees are eligible to participate in the program. Contributions to the program are calculated at 23.5% of the employees’ salaries above a fixed threshold amount and the employees contribute 2% to 8% while the Company contributes the remaining 15.5% to 21.5%. The Company has no other material obligation for the payment of retirement benefits beyond the annual contributions under this program.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Fair value of financial instruments<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company has adopted ASC Topic 820, Fair Value Measurement and Disclosure, which defines fair value, establishes a framework for measuring fair value in U.S. GAAP, and expands disclosures about fair value measurements. It does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. It establishes a three-level valuation hierarchy of valuation techniques based on observable and unobservable inputs, which may be used to measure fair value and include the following:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; width: 48px; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; width: 47px; text-align: left; text-indent: 0pt; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; width: 1472px; text-align: left; text-indent: 0pt; font-stretch: normal;">Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;">Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;">Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">   <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The carrying amount of other receivables, advance to vendors, advances from customers, other payables, accrued liabilities and short-term loans are reasonable estimates of their fair value because of the short-term nature of these items.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Earnings (loss) per share<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Potentially dilutive shares of common stock consist of the common stock issuable upon the conversion of convertible debt, preferred stock and warrants. The Company uses if-converted method to calculate the dilutive preferred stock and treasury stock method to calculate the dilutive shares issuable upon exercise of warrants.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The following table sets forth the computation of the number of net income per share for the nine months ended September 30, 2016 and 2015:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: left; color: black;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September 30,2016</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September 30,2015</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1191px; text-align: left; color: black;">Weighted average shares of common stock outstanding (basic)</td><td style="width: 16px; color: black;"> </td><td style="width: 16px; text-align: left; color: black;"> </td><td style="width: 142px; text-align: right; color: black;">33,869,000</td><td style="width: 16px; text-align: left; color: black;"> </td><td style="width: 15px; color: black;"> </td><td style="width: 15px; text-align: left; color: black;"> </td><td style="width: 141px; text-align: right; color: black;">33,670,518</td><td style="width: 15px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Shares issuable upon conversion of Series B Preferred Stock</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">-</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">-</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Weighted average shares of common stock outstanding (diluted)</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">33,869,000</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">33,670,518</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Net (loss) available to common shareholders</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(165,513</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(677,256</td><td style="text-align: left; color: black;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Net (loss) per shares of common stock (basic)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.00</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.02</td><td style="text-align: left; color: black;">)</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Net (loss) per shares of common stock (diluted)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.00</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.02</td><td style="text-align: left; color: black;">)</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">For the nine months ended September 30, 2016, the Company excluded 300,000 shares of common stock issuable upon conversion of preferred stock, because such issuance would be anti-dilutive.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The following table sets forth the computation of the number of net income per share for the three months ended September 30, 2016 and 2015:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: left; color: black;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September30,2016</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September30,2015</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1191px; text-align: left; color: black;">Weighted average shares of common stock outstanding (basic)</td><td style="width: 16px; color: black;"> </td><td style="width: 16px; text-align: left; color: black;"> </td><td style="width: 142px; text-align: right; color: black;">33,934,518</td><td style="width: 16px; text-align: left; color: black;"> </td><td style="width: 15px; color: black;"> </td><td style="width: 15px; text-align: left; color: black;"> </td><td style="width: 141px; text-align: right; color: black;">33,670,518</td><td style="width: 15px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Shares issuable upon conversion of Series B Preferred Stock</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">-</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">-</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Weighted average shares of common stock outstanding (diluted)</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">33,934,518</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">33,670,518</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Net (loss) available to common shareholders</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(63,601</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(525,190</td><td style="text-align: left; color: black;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Net (loss) per shares of common stock (basic)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.00</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.02</td><td style="text-align: left; color: black;">)</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Net (loss) per shares of common stock (diluted)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.00</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.02</td><td style="text-align: left; color: black;">)</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">For the three months ended September 30, 2016, the Company excluded 300,000 shares of common stock issuable upon conversion of preferred stock, because such issuance would be anti-dilutive.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Accumulated other comprehensive income<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company follows ASC 220, Comprehensive Income, formerly known as SFAS No. 130, Reporting Comprehensive Income, to recognize the elements of comprehensive income. Comprehensive income is comprised of net income and all changes to the statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders. For the Company, comprehensive income for the nine months ended September 30, 2016 and 2015 included net income and foreign currency translation adjustments.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Related parties<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Parties are considered to be related to the Company if the parties that, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. Transactions with related parties are disclosed in the financial statements.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Recent accounting pronouncements<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements will have a material impact on its financial condition or the results of its operations.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. The amendments in the ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance in U.S. GAAP. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. The amendments in the ASU are effective in the first quarter of 2015 for public organizations with calendar year ends. Early adoption is permitted. The Company does not expect the adoption to have a significant impact on its consolidated financial statements.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In May 2014, the FASB issued ASU 2014-09, “Revenue from contracts with Customers (Topic 606)”. This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets. This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. The ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition-Construction-Type and Production-Type Contracts. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchanged for those goods or services. The standard is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In August 2014, the FASB issued the FASB Accounting Standards Update No. 2014-15  “Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”).<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In connection with preparing financial statements for each annual and interim reporting period, an entity’s management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the  financial statements are issued  (or within one year after the date that the  financial statements are available to be issued  when applicable). Management’s evaluation should be based on relevant conditions and events that are known and reasonably knowable at the date that the financial statements are issued  (or at the date that the  financial statements are available to be issued  when applicable). Substantial doubt about an entity’s ability to continue as a going concern exists when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued (or available to be issued). The term  probable  is used consistently with its use in Topic 450, Contingencies.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">When management identifies conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern, management should consider whether its plans that are intended to mitigate those relevant conditions or events will alleviate the substantial doubt. The mitigating effect of management’s plans should be considered only to the extent that (1) it is probable that the plans will be effectively implemented and, if so, (2) it is probable that the plans will mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, but the substantial doubt is alleviated as a result of consideration of management’s plans, the entity should disclose information that enables users of the financial statements to understand all of the following (or refer to similar information disclosed elsewhere in the footnotes):<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; width: 48px; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; width: 47px; text-align: left; text-indent: 0pt; font-stretch: normal;">a.</td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; width: 1472px; text-align: left; text-indent: 0pt; font-stretch: normal;">Principal conditions or events that raised substantial doubt about the entity’s ability to continue as a going concern (before consideration of management’s plans)</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;">b.</td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;">Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;">c.</td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;">Management’s plans that alleviated substantial doubt about the entity’s ability to continue as a going concern.</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, and substantial doubt is not alleviated after consideration of management’s plans, an entity should include a statement in the footnotes indicating that there is substantial doubt about the entity’s ability to continue as a going concern  within one year after the date that the financial statements are issued (or available to be issued). Additionally, the entity should disclose information that enables users of the financial statements to understand all of the following:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 48px; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; width: 47px; text-align: left; font-stretch: normal;">a.</td><td style="font: 10pt/normal 'times new roman', times, serif; width: 1472px; text-align: left; font-stretch: normal;">Principal conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern</td></tr></table><p style="font: 13.33px/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> <p style="font: 13.33px/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 48px; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; width: 47px; text-align: left; font-stretch: normal;">b.</td><td style="font: 10pt/normal 'times new roman', times, serif; width: 1472px; text-align: left; font-stretch: normal;">Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;">c.</td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;">Management’s plans that are intended to mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern.</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">(5) Concentration of Business and Credit Risk<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Most of the Company’s bank accounts are in banks located in the PRC and are not covered by any type of protection similar to that provided by the Federal Deposit Insurance Corporation (“FDIC”) on funds held in U.S. banks. The Company’s bank account in the United States is covered by FDIC insurance.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Because the Company’s operations are located in the PRC, this may give rise to significant foreign currency risks due to fluctuations in and the volatility of foreign exchange rates between U.S. dollars and RMB.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash, trade accounts receivables and inventories, the balances of which are stated on the balance sheet. The Company places its cash in banks located in China. Concentration of credit risk with respect to trade accounts receivables is limited due to the diversity of the Company’s customers who are located in different regions of China. The Company does not require collateral or other security to support financial instruments subject to credit risk.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Sales to certain customers generated over 10% of the Company’s total net sales. Sales to Jinko Solar Technology SDN. BHD, for the nine months ended September 30, 2016 were approximately 37% of the Company’s net sales. Sales to Honglang Carbon Industry Co., Ltd for the nine months ended September 30, 2016 were approximately 38% of the Company’s net sales. Sales to Nurol Teknoloji Sanayi Ve Madenci for the nine months ended September 30, 2016 were approximately 15% of the Company’s net sales.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">For the nine months ended September 30, 2016, three suppliers accounted for approximately 95% of total purchases.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">(6) Inventories<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">As of September 30, 2016 and December 31, 2015, inventories consisted of the following:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1250.4px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: left; color: black;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September30,2016</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">December 31, 2015</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 950.4px; text-align: left; color: black;">Finished goods</td><td style="width: 12.8px; color: black;"> </td><td style="width: 12.8px; text-align: left; color: black;">$</td><td style="width: 112.8px; text-align: right; color: black;">3,325</td><td style="width: 12.8px; text-align: left; color: black;"> </td><td style="width: 12.8px; color: black;"> </td><td style="width: 12px; text-align: left; color: black;">$</td><td style="width: 112px; text-align: right; color: black;">2,386</td><td style="width: 12px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black; padding-bottom: 1.5pt;">Reserve for slow moving and obsolete inventory</td><td style="color: black; padding-bottom: 1.5pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">-</td><td style="text-align: left; color: black; padding-bottom: 1.5pt;"> </td><td style="color: black; padding-bottom: 1.5pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">-</td><td style="text-align: left; color: black; padding-bottom: 1.5pt;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black; padding-bottom: 4pt;"> </td><td style="color: black; padding-bottom: 4pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">3,325</td><td style="text-align: left; color: black; padding-bottom: 4pt;"> </td><td style="color: black; padding-bottom: 4pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">2,386</td><td style="text-align: left; color: black; padding-bottom: 4pt;"> </td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">For the nine months ended September 30, 2016 and 2015, the Company has not made provision for inventory in regards to slow moving or obsolete items. As of September 30, 2016 and December 31, 2015, the Company did not record any provision for inventory in regards to slow moving or obsolete items.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">(7) Property and Equipment, net <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">As of September 30, 2016 and December 31, 2015, property, plant and equipment consisted of the following:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1250.4px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: center; color: black;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September30,2016</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">December 31, 2015</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 950.4px; text-align: left; color: black;">Machinery and equipment</td><td style="width: 12.8px; color: black;"> </td><td style="width: 12.8px; text-align: left; color: black;">$</td><td style="width: 112.8px; text-align: right; color: black;">6,502</td><td style="width: 12.8px; text-align: left; color: black;"> </td><td style="width: 12.8px; color: black;"> </td><td style="width: 12px; text-align: left; color: black;">$</td><td style="width: 112px; text-align: right; color: black;">5,513</td><td style="width: 12px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Motor vehicles</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">41,892</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">43,125</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Total</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">48,394</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">48,638</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black; padding-bottom: 1.5pt;">Less: accumulated depreciation</td><td style="color: black; padding-bottom: 1.5pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">(23,869</td><td style="text-align: left; color: black; padding-bottom: 1.5pt;">)</td><td style="color: black; padding-bottom: 1.5pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">(17,992</td><td style="text-align: left; color: black; padding-bottom: 1.5pt;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black; padding-bottom: 1.5pt;">Plant and Equipment, net</td><td style="color: black; padding-bottom: 1.5pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">24,525</td><td style="text-align: left; color: black; padding-bottom: 1.5pt;"> </td><td style="color: black; padding-bottom: 1.5pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">30,646</td><td style="text-align: left; color: black; padding-bottom: 1.5pt;"> </td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">For the three months ended September 30, 2016 and 2015, depreciation expenses amounted to $2,139 and $2,223, respectively. For the nine months ended September 30, 2016 and 2015, depreciation expenses amounted to $6,478 and $6,715, respectively.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company reviews the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition and other economic factors. Based on this assessment, no impairment expenses for property, plant, and equipment was recorded in operating expenses during the nine months ended September 30, 2016 and 2015.</div> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">(8) Stockholders’ deficit <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Restated Articles of Incorporation <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">On January 22, 2008, the Company changed its authorized capital stock to 120,000,000 shares of capital stock, of which 20,000,000 shares are shares of preferred stock, par value $0.001 per share, and 100,000,000 shares are shares of common stock, par value $0.001 per share. The restated articles of incorporation authorizes the board of directors of the Company to issue one or more series of preferred stock and to designate the rights, preferences, privileges and limitation of the holders of such preferred stock. The board of directors has authorized the issuance of two series of preferred stock, Series A Convertible Preferred Stock (“Series A Preferred Stock”) and Series B Convertible Preferred Stock (“Series B Preferred Stock”). <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Issuance of Common Stock <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">(a)  Stock Issuances For Compensation <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">On March 8, 2016, the Company issued an aggregate of 200,000 shares of common stock to four directors as compensation for services provided in 2015. The issuance of these shares was recorded at fair market value at $0.03 per share. <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">On March 8, 2016, the Company issued 64,000 shares of common stock to the CEO and VP of Finance. The issuance of these shares was recorded at grant date fair market value in 2016. <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">(b)  Shares Held in Escrow <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In a private placement that closed on December 22, 2009 and January 13, 2010, the Company sold an aggregate of 2,480,500 shares of Series B Preferred Stock and five-year warrants to purchase 992,000 shares of common stock at an exercise price of $1.30 per share, for an aggregate purchase price of $2,976,600. The Company also paid the private placement agent an aggregate of $298,000 and issued five-year warrants to purchase 124,025 shares of common stock at an exercise price of $1.32 per share. In connection with the private placement and pursuant to the transaction agreements, the Company deposited into escrow an aggregate of 1,240,250 shares of common stock, which are to be held in escrow to be returned to the Company or delivered to the investors, depending on whether the Company meets certain financial performance targets for the years ending December 31, 2010 and 2011. <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company did not meet the financial targets. The number of Escrow Shares payable to each Investor shall be equal to a fraction of the total number of Escrow Shares potentially issuable pursuant to the terms hereof, the numerator of which shall be the amount by which (i) the number of Conversion Shares issued or issuable upon Preferred Shares which was initially issued to the Investor exceeds (ii) the sum of (x) the number of Conversion Shares sold or otherwise transferred by the Investor plus (y) the number of shares of Conversion Shares issued or issuable sold or otherwise transferred by the Investor, and the denominator of which is the number of Conversion Shares issued or issuable by the Company in the Offering. Any Escrow Shares for either Fiscal Year 2011 or Fiscal Year 2010 which are not transferred to the Investors pursuant to this paragraph shall be returned to the Company for cancellation. As of September 30, 2016, no Escrow Shares have been transferred to investors or returned to the Company. <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">(9) Related Parties<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">As of September 30, 2016 and December 31, 2015, $142,877 and $147,083 are due to Mr. Donghai Yu, who is CEO of the Company. These amounts are advances made to the Company by unrelated parties through Mr. Donghai Yu for business operating purposes. The advances are interest free.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">As of September 30, 2016 and December 31, 2015, $488,105 and $487,529 are the salary owed to Mr. Donghai Yu, who is CEO of the Company. As of September 30, 2016 and December 31, 2015, $45,000 and $45,000 are the salary owed to Mr. Grace King, who is VP finance of the Company.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">(10) Other Payable<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Other payable amounted $1,248,603 and $1,013,994 as of September 30, 2016 and December 31, 2015, respectively. Other payable are money borrowed from unrelated parties for operating purpose. These payable are without collateral, interest free, and due on demand.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">(11) Lease Commitment<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;">Our principal executive office is located in US. The Company leased its corporate address month to month for an annual fee of $1,440.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;">Royal Shanghai leased an office space in China, the lease term ends on March 31, 2017. The monthly rent is approximately $2,917 (RMB 18,329).</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Use of estimates<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The preparation of these financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of net sales and expenses during the reporting period. Some of the significant estimates include values and lives assigned to acquired property, equipment and intangible assets, reserves for customer returns and allowances, uncollectible accounts receivable, slow moving, obsolete and/or damaged inventory and stock warrant valuation. Actual results may differ from these estimates.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Cash and cash equivalents<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company considers all highly liquid debt instruments purchased with maturity periods of six months or less to be cash equivalents. The carrying amounts reported in the accompanying balance sheet for cash and cash equivalents approximate their fair value. Substantially all of the Company’s cash is held in bank accounts in the PRC and is not protected by FDIC insurance or any other similar insurance. The Company’s bank account in the United States is protected by FDIC insurance.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Accounts receivable<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Trade receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred. Accounts receivable are recorded at the invoiced amount and do not bear interest. Management reviews the adequacy of the allowance for doubtful accounts on an ongoing basis, using historical collection trends and aging of receivables. Management also periodically evaluates individual customer’s financial condition, credit history, and the current economic conditions to make adjustments in the allowance when it is considered necessary.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Inventory<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Inventory is stated at the lower of cost or market. The cost of inventories comprises all costs of purchases, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The costs of conversion of inventories include fixed and variable production overhead, taking into account the stage of completion. Cost is determined using the weighted average method. Market value represents the estimated selling price in the ordinary course of business less the estimated costs necessary to complete the sale. The Company periodically reviews historical sales activity to determine excess, slow moving items and potentially obsolete items and also evaluates the impact of any anticipated changes in future demand. The Company provides inventory allowances based on excess and obsolete inventories determined principally by customer demand. Impairment of inventories is recorded in cost of goods sold.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">For the nine months ended September 30, 2016 and 2015, the Company has not made provision for inventory in regards to slow moving or obsolete items.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Goodwill<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #00b0f0; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; background-color: white; -webkit-text-stroke-width: 0px;">The Company periodically reviews the carrying value of intangible assets not subject to amortization, including goodwill, to determine whether impairment may exist. Goodwill and certain intangible assets are assessed annually, or when certain triggering events occur, for impairment using fair value measurement techniques. These events could include a significant change in the business climate, legal factors, a decline in operating performance, competition, sale or disposition of a significant portion of the business, or other factors. Specifically, goodwill impairment is determined using a two-step process. The first step of the goodwill impairment test is used to identify potential impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. The Company recorded an impairment expense of $0 and $494,540 for the nine months ended September 30, 2016 and 2015, respectively.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Property and equipment<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Property and equipment is stated at the historical cost, less accumulated depreciation. Depreciation on property and equipment is provided using the straight-line method over the estimated useful lives of the assets for both financial and income tax reporting purposes as follows:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1378px; text-align: justify; color: black;">Machinery and equipment</td><td style="width: 15px; color: black;"> </td><td style="width: 15px; text-align: left; color: black;"> </td><td style="width: 143px; text-align: right; color: black;">5 years</td><td style="width: 16px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: justify; color: black;">Motor vehicle</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">5 years</td><td style="text-align: left; color: black;"> </td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Expenditures for renewals and betterments are capitalized while repairs and maintenance costs are normally charged to the statement of operations in the year in which they are incurred. In situations where it can be clearly demonstrated that the expenditure has resulted in an increase in the future economic benefits expected to be obtained from the use of the asset, the expenditure is capitalized as an additional cost of the asset.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Upon sale or disposal of an asset, the historical cost and related accumulated depreciation or amortization of such asset were removed from their respective accounts and any gain or loss is recorded in the statements of income.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company reviews the carrying value of property, plant, and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition and other economic factors. Based on this assessment, no impairment expenses for property, plant, and equipment was recorded in operating expenses during the nine months ended September 30, 2016 and 2015.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Stock-based compensation<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Stock-based compensation includes (i) common stock awards granted to employees and directors for services which are accounted for under FASB ASC 718, Compensation–Stock Compensation” and (ii) common stock awards granted to consultants which are accounted for under FASB ASC 505-50, Equity–Equity-Based Payments to Non-Employees.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">All grants of common stock awards and stock options to employees and directors are recognized in the financial statements based on their grant date fair values. The Company has elected to recognize compensation expense using the straight-line method for all common stock awards and stock options granted with service conditions that have a graded vesting schedule, with a corresponding charge to additional paid-in capital.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Common stock awards are granted to directors for services provided. The vested portions of common stock awards granted but not yet issued are recorded in common stock to be issued.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Common stock awards issued to consultants represent common stock granted to non-employees in exchange for services at fair value. The measurement dates for such awards are set at the dates that the contracts are entered into as the awards are non-forfeitable and vest immediately. The measurement date fair value is then recognized over the service period as if the Company has paid cash for such service.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company estimates fair value of common stock awards based on the number of shares granted and the quoted price of the Company’s common stock on the date of grant.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Foreign currency translation<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The reporting currency of the Company is U.S. dollars. The Company uses RMB as its functional currency. The results of operations and cash flows are translated at average exchange rates during the period, and assets and liabilities are translated at the unified exchange rates at the balance sheet dates, and equity is translated at the historical exchange rates. As a result, amounts related to assets and liabilities reported on the statements of cash flows will not necessarily agree with changes in the corresponding accounts on the balance sheets. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statements of stockholders’ equity. Translation adjustments for the three months ended September 30, 2016 and 2015 were $869 and $(34,912), respectively. Translation adjustments for the nine months ended September 30, 2016 and 2015 were $5,736 and $(34,011), respectively. The cumulative translation adjustment and effect of exchange rate changes on cash for the nine months ended September 30, 2016 and 2015 were $(992) and $(589), respectively. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Assets and liabilities were translated at 6.67 RMB and 6.48 RMB to $1.00 at September 30, 2016 and December 31, 2015, respectively. The equity accounts were stated at their historical rates. The average translation rates applied to income statements for the nine months ended September 30, 2016 and 2015 were 6.58 RMB and 6.25 RMB to $1.00, respectively. Cash flows are also translated at average translation rates for the period; therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheet.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Revenue recognition<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">We recognize revenue in accordance with ASC 605-25, Revenue Recognition, which states that revenue should be recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the service has been rendered; (3) the selling price is fixed or determinable; and (4) collection of the resulting receivable is reasonably assured. Sales represent the invoiced value of goods, net of value added tax (“VAT”), if any, and are recognized upon delivery of goods and passage of title.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In accordance with ASC 605-25, the Company recognizes revenue when persuasive evidence of an arrangement exists, transfer of title has occurred or services have been rendered, the selling price is fixed or determinable and collectability is reasonably assured.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company derives revenues from the manufacturing and distribution of graphite based products. The Company recognizes its revenues net of VAT. The Company is subject to VAT, which is levied on a majority of the products, at a rate ranging from 13% to 17% on the invoiced value of sales. Output VAT is borne by customers in addition to the invoiced value of sales and input VAT is borne by the Company in addition to the invoiced value of purchases to the extent not refunded for export sales.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company recognizes revenue upon receipt of the delivery confirmation provided by the customer or distributor. The Company does not provide chargeback or price protection rights to the distributors. The distributor only places purchase orders with the Company once it has confirmed the sale with a third party because this is a specialized business, which dictates that the Company will not manufacture the products until the purchase order is received. The Company allows its customers to return products only if its products are later determined by the Company to be defective. Based on the Company’s historical experience, product returns have been insignificant throughout all of its product lines. Therefore, the Company does not estimate deductions or allowances for sales returns. If sales returns occur, they are taken against revenue when products are returned from customers. Sales are presented net of any discounts given to customers. Interest income is recognized when earned. The Company experienced no returns for the nine months ended September 30, 2016 and 2015.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Cost of goods sold<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0.5in; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Cost of goods sold consists primarily of the costs of products.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Shipping and handling costs<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company follows ASC 605-45, Handling Costs, and Shipping Costs, formerly known as Emerging Issues Task Force No. 00-10, Accounting for Shipping and Handling Fees and Costs. The Company classifies shipping and handling costs paid on behalf of its customers in selling expenses. For the three months ended September 30, 2016 and 2015, shipping and handling costs were $707 and $4,827, respectively. For the nine months ended September 30, 2016 and 2015, shipping and handling costs were $7,672 and $11,118, respectively.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Segment reporting<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">ASC 280, Segment Reporting, formerly known as Statement of Financial Accounting Standards No. 131, Disclosure about Segments of an Enterprise and Related Information, requires use of the “management approach” model for segment reporting. Under this model, segment reporting is consistent with the manner that the Company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure or any other manner in which management disaggregates a company.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Because the Company sells only carbon graphite products to Chinese distributors and end users, it has only one business segment.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Taxation<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Taxation on profits earned in the PRC has been calculated based on the estimated assessable profits for the year at the rates of taxation prevailing in the PRC after taking into account the benefits from any special tax credits or “tax holidays” allowed in the county of operations.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company does not accrue U.S. income tax since it has no operations in the United States. Its operating subsidiaries are organized and located in the PRC and do not conduct any business in the United States.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In 2006, the Financial Accounting Standards Board (“FASB”) issued ASC, 740 Income Tax, formerly known as FIN 48, which clarifies the application of SFAS 109 by defining a criterion that an individual income tax position must meet for any part of the benefit of that position to be recognized in an enterprise’s financial statements and provides guidance on measurement, recognition, classification, accounting for interest and penalties, accounting in interim periods, disclosure and transition. In accordance with the transition provisions, the Company adopted FIN 48 effective January 1, 2007.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company recognizes that virtually all tax positions in the PRC are not free from some degree of uncertainty due to tax law and policy changes by the state. The Company cannot reasonably quantify political risk factors and thus must depend on guidance issued by current government officials.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Based on all known facts and circumstances and current tax law, the Company believes that the total amount of unrecognized tax benefits as of September 30, 2016 is not material to its results of operations, financial condition or cash flows. The Company also believes that the total amount of unrecognized tax benefits as of September 30, 2016, if recognized, would not have a material effect on its effective tax rate. The Company further believes that there are no tax positions for which it is reasonably possible, based on current Chinese tax law and policy, that the unrecognized tax benefits will significantly increase or decrease over the next twelve months producing, individually or in the aggregate, a material effect on the Company’s results of operations, financial condition or cash flows.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Enterprise income tax<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The enterprise income tax is calculated on the basis of the statutory profit as defined in the PRC tax laws. This statutory profit is computed differently than the Company’s net income under U.S. GAAP.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of deferred tax assets and liabilities from a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Value added tax<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Provisional Regulations of the PRC Concerning Value Added Tax promulgated by the State Council came into effect on January 1, 1994. Under these regulations and the Implementing Rules of the Provisional Regulations of the PRC Concerning Value Added Tax, value added tax (“VAT”) is imposed on goods sold in or imported into the PRC and on processing, repair and replacement services provided within the PRC. <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">VAT payable in the PRC is charged on an aggregated basis at a rate of 13% or 17% (depending on the type of goods involved) on the full price collected for the goods sold or, in the case of taxable services provided, at a rate of 17% on the charges for the taxable services provided, but excluding, in respect of both goods and services, any amount paid in respect of VAT included in the price or charges, and less any deductible value added tax already paid by the taxpayer on purchases of goods and services in the same financial year. VAT payable is included in prepaid expenses of $0 and is included in prepaid expenses of $211 as of September 30, 2016 and December 31, 2015, respectively.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Contingent liabilities and contingent assets<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">A contingent liability is a possible obligation that arises from past events and whose existence will only be confirmed by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company. It can also be a present obligation arising from past events that is not recognized because it is not probable that the Company will incur a liability or obligations as a result. A contingent liability, which might occur but is not probable, is not recorded but is disclosed in the notes to the financial statements. The Company will recognize a liability or obligation when it is probable that the Company will incur such liability or obligation.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">A contingent asset is an asset, which could possibly arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain events not wholly within the control of the Company. Contingent assets are not recorded but are disclosed in the notes to the financial statements when it is likely that the Company will recognize an economic benefit. When the benefit is virtually certain, the asset is recognized.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Retirement benefit costs<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">According to PRC regulations on pensions, the Company contributes to a defined contribution retirement program organized by the municipal government in the province in which the Company is registered and all qualified employees are eligible to participate in the program. Contributions to the program are calculated at 23.5% of the employees’ salaries above a fixed threshold amount and the employees contribute 2% to 8% while the Company contributes the remaining 15.5% to 21.5%. The Company has no other material obligation for the payment of retirement benefits beyond the annual contributions under this program.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Fair value of financial instruments<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company has adopted ASC Topic 820, Fair Value Measurement and Disclosure, which defines fair value, establishes a framework for measuring fair value in U.S. GAAP, and expands disclosures about fair value measurements. It does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. It establishes a three-level valuation hierarchy of valuation techniques based on observable and unobservable inputs, which may be used to measure fair value and include the following:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1250.4px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 37.59px; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; width: 37.59px; text-align: left; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; width: 1175.19px; text-align: left; font-stretch: normal;">Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;">Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;">●</td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;">Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">   <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The carrying amount of other receivables, advance to vendors, advances from customers, other payables, accrued liabilities and short-term loans are reasonable estimates of their fair value because of the short-term nature of these items.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Earnings (loss) per share<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Potentially dilutive shares of common stock consist of the common stock issuable upon the conversion of convertible debt, preferred stock and warrants. The Company uses if-converted method to calculate the dilutive preferred stock and treasury stock method to calculate the dilutive shares issuable upon exercise of warrants.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The following table sets forth the computation of the number of net income per share for the nine months ended September 30, 2016 and 2015:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: left; color: black;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September 30,2016</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September 30,2015</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1191px; text-align: left; color: black;">Weighted average shares of common stock outstanding (basic)</td><td style="width: 16px; color: black;"> </td><td style="width: 16px; text-align: left; color: black;"> </td><td style="width: 142px; text-align: right; color: black;">33,869,000</td><td style="width: 16px; text-align: left; color: black;"> </td><td style="width: 15px; color: black;"> </td><td style="width: 15px; text-align: left; color: black;"> </td><td style="width: 141px; text-align: right; color: black;">33,670,518</td><td style="width: 15px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Shares issuable upon conversion of Series B Preferred Stock</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">-</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">-</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Weighted average shares of common stock outstanding (diluted)</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">33,869,000</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">33,670,518</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Net (loss) available to common shareholders</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(165,513</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(677,256</td><td style="text-align: left; color: black;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Net (loss) per shares of common stock (basic)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.00</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.02</td><td style="text-align: left; color: black;">)</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Net (loss) per shares of common stock (diluted)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.00</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.02</td><td style="text-align: left; color: black;">)</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">For the nine months ended September 30, 2016, the Company excluded 300,000 shares of common stock issuable upon conversion of preferred stock, because such issuance would be anti-dilutive.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The following table sets forth the computation of the number of net income per share for the three months ended September 30, 2016 and 2015:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: left; color: black;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September30,2016</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September30,2015</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1191px; text-align: left; color: black;">Weighted average shares of common stock outstanding (basic)</td><td style="width: 16px; color: black;"> </td><td style="width: 16px; text-align: left; color: black;"> </td><td style="width: 142px; text-align: right; color: black;">33,934,518</td><td style="width: 16px; text-align: left; color: black;"> </td><td style="width: 15px; color: black;"> </td><td style="width: 15px; text-align: left; color: black;"> </td><td style="width: 141px; text-align: right; color: black;">33,670,518</td><td style="width: 15px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Shares issuable upon conversion of Series B Preferred Stock</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">-</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">-</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Weighted average shares of common stock outstanding (diluted)</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">33,934,518</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">33,670,518</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Net (loss) available to common shareholders</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(63,601</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(525,190</td><td style="text-align: left; color: black;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Net (loss) per shares of common stock (basic)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.00</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.02</td><td style="text-align: left; color: black;">)</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Net (loss) per shares of common stock (diluted)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.00</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.02</td><td style="text-align: left; color: black;">)</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">For the three months ended September 30, 2016, the Company excluded 300,000 shares of common stock issuable upon conversion of preferred stock, because such issuance would be anti-dilutive. </div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Accumulated other comprehensive income<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company follows ASC 220, Comprehensive Income, formerly known as SFAS No. 130, Reporting Comprehensive Income, to recognize the elements of comprehensive income. Comprehensive income is comprised of net income and all changes to the statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders. For the Company, comprehensive income for the nine months ended September 30, 2016 and 2015 included net income and foreign currency translation adjustments.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Related parties<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Parties are considered to be related to the Company if the parties that, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. Transactions with related parties are disclosed in the financial statements.</div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Recent accounting pronouncements<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements will have a material impact on its financial condition or the results of its operations.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. The amendments in the ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance in U.S. GAAP. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. The amendments in the ASU are effective in the first quarter of 2015 for public organizations with calendar year ends. Early adoption is permitted. The Company does not expect the adoption to have a significant impact on its consolidated financial statements.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In May 2014, the FASB issued ASU 2014-09, “Revenue from contracts with Customers (Topic 606)”. This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets. This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. The ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition-Construction-Type and Production-Type Contracts. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchanged for those goods or services. The standard is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">  <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In August 2014, the FASB issued the FASB Accounting Standards Update No. 2014-15  “Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”).<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">In connection with preparing financial statements for each annual and interim reporting period, an entity’s management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the  financial statements are issued  (or within one year after the date that the  financial statements are available to be issued  when applicable). Management’s evaluation should be based on relevant conditions and events that are known and reasonably knowable at the date that the financial statements are issued  (or at the date that the  financial statements are available to be issued  when applicable). Substantial doubt about an entity’s ability to continue as a going concern exists when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued (or available to be issued). The term  probable  is used consistently with its use in Topic 450, Contingencies.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">When management identifies conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern, management should consider whether its plans that are intended to mitigate those relevant conditions or events will alleviate the substantial doubt. The mitigating effect of management’s plans should be considered only to the extent that (1) it is probable that the plans will be effectively implemented and, if so, (2) it is probable that the plans will mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, but the substantial doubt is alleviated as a result of consideration of management’s plans, the entity should disclose information that enables users of the financial statements to understand all of the following (or refer to similar information disclosed elsewhere in the footnotes):<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; width: 48px; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; width: 47px; text-align: left; text-indent: 0pt; font-stretch: normal;">a.</td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; width: 1472px; text-align: left; text-indent: 0pt; font-stretch: normal;">Principal conditions or events that raised substantial doubt about the entity’s ability to continue as a going concern (before consideration of management’s plans)</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;">b.</td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;">Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;">c.</td><td style="font: 10pt/normal 'times new roman', times, serif; padding: 0pt; text-align: left; text-indent: 0pt; font-stretch: normal;">Management’s plans that alleviated substantial doubt about the entity’s ability to continue as a going concern.</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, and substantial doubt is not alleviated after consideration of management’s plans, an entity should include a statement in the footnotes indicating that there is substantial doubt about the entity’s ability to continue as a going concern  within one year after the date that the financial statements are issued (or available to be issued). Additionally, the entity should disclose information that enables users of the financial statements to understand all of the following:<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 48px; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; width: 47px; text-align: left; font-stretch: normal;">a.</td><td style="font: 10pt/normal 'times new roman', times, serif; width: 1472px; text-align: left; font-stretch: normal;">Principal conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern</td></tr></table><p style="font: 13.33px/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"> <p style="font: 13.33px/normal 'times new roman', times, serif; margin: 0px; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; -webkit-text-stroke-width: 0px;"><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; width: 48px; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; width: 47px; text-align: left; font-stretch: normal;">b.</td><td style="font: 10pt/normal 'times new roman', times, serif; width: 1472px; text-align: left; font-stretch: normal;">Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations</td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td></tr><tr style="font: 10pt/normal 'times new roman', times, serif; vertical-align: top; font-stretch: normal;"><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;"> </td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;">c.</td><td style="font: 10pt/normal 'times new roman', times, serif; text-align: left; font-stretch: normal;">Management’s plans that are intended to mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern.</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted.<p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: justify; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-stretch: normal; -webkit-text-stroke-width: 0px;">Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements. </div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"> <table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1378px; text-align: justify; color: black;">Machinery and equipment</td><td style="width: 15px; color: black;"> </td><td style="width: 15px; text-align: left; color: black;"> </td><td style="width: 143px; text-align: right; color: black;">5 years</td><td style="width: 16px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: justify; color: black;">Motor vehicle</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">5 years</td><td style="text-align: left; color: black;"> </td></tr></table></div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: left; color: black;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September 30,2016</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September 30,2015</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1191px; text-align: left; color: black;">Weighted average shares of common stock outstanding (basic)</td><td style="width: 16px; color: black;"> </td><td style="width: 16px; text-align: left; color: black;"> </td><td style="width: 142px; text-align: right; color: black;">33,869,000</td><td style="width: 16px; text-align: left; color: black;"> </td><td style="width: 15px; color: black;"> </td><td style="width: 15px; text-align: left; color: black;"> </td><td style="width: 141px; text-align: right; color: black;">33,670,518</td><td style="width: 15px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Shares issuable upon conversion of Series B Preferred Stock</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">-</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">-</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Weighted average shares of common stock outstanding (diluted)</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">33,869,000</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">33,670,518</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Net (loss) available to common shareholders</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(165,513</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(677,256</td><td style="text-align: left; color: black;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Net (loss) per shares of common stock (basic)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.00</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.02</td><td style="text-align: left; color: black;">)</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Net (loss) per shares of common stock (diluted)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.00</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.02</td><td style="text-align: left; color: black;">)</td></tr></table><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 36pt; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><table style="font: 10pt/normal 'times new roman', times, serif; width: 1567px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: left; color: black;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September30,2016</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September30,2015</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 1191px; text-align: left; color: black;">Weighted average shares of common stock outstanding (basic)</td><td style="width: 16px; color: black;"> </td><td style="width: 16px; text-align: left; color: black;"> </td><td style="width: 142px; text-align: right; color: black;">33,934,518</td><td style="width: 16px; text-align: left; color: black;"> </td><td style="width: 15px; color: black;"> </td><td style="width: 15px; text-align: left; color: black;"> </td><td style="width: 141px; text-align: right; color: black;">33,670,518</td><td style="width: 15px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Shares issuable upon conversion of Series B Preferred Stock</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">-</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">-</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Weighted average shares of common stock outstanding (diluted)</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">33,934,518</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">33,670,518</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Net (loss) available to common shareholders</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(63,601</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(525,190</td><td style="text-align: left; color: black;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Net (loss) per shares of common stock (basic)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.00</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.02</td><td style="text-align: left; color: black;">)</td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Net (loss) per shares of common stock (diluted)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.00</td><td style="text-align: left; color: black;">)</td><td style="color: black;"> </td><td style="text-align: left; color: black;">$</td><td style="text-align: right; color: black;">(0.02</td><td style="text-align: left; color: black;">)</td></tr></table></div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><table style="font: 10pt/normal 'times new roman', times, serif; width: 1250.4px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: left; color: black;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September30,2016</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">December 31, 2015</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 950.4px; text-align: left; color: black;">Finished goods</td><td style="width: 12.8px; color: black;"> </td><td style="width: 12.8px; text-align: left; color: black;">$</td><td style="width: 112.8px; text-align: right; color: black;">3,325</td><td style="width: 12.8px; text-align: left; color: black;"> </td><td style="width: 12.8px; color: black;"> </td><td style="width: 12px; text-align: left; color: black;">$</td><td style="width: 112px; text-align: right; color: black;">2,386</td><td style="width: 12px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black; padding-bottom: 1.5pt;">Reserve for slow moving and obsolete inventory</td><td style="color: black; padding-bottom: 1.5pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">-</td><td style="text-align: left; color: black; padding-bottom: 1.5pt;"> </td><td style="color: black; padding-bottom: 1.5pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">-</td><td style="text-align: left; color: black; padding-bottom: 1.5pt;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black; padding-bottom: 4pt;"> </td><td style="color: black; padding-bottom: 4pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">3,325</td><td style="text-align: left; color: black; padding-bottom: 4pt;"> </td><td style="color: black; padding-bottom: 4pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">$</td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 4pt; border-bottom-style: double;">2,386</td><td style="text-align: left; color: black; padding-bottom: 4pt;"> </td></tr></table></div> <div><p style="font: 10pt/normal 'times new roman', times, serif; margin: 0pt 0px; text-align: left; color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; white-space: normal; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;"><table style="font: 10pt/normal 'times new roman', times, serif; width: 1250.4px; text-transform: none; text-indent: 0px; letter-spacing: normal; word-spacing: 0px; border-collapse: collapse; widows: 1; font-size-adjust: none; font-stretch: normal; -webkit-text-stroke-width: 0px;" cellspacing="0" cellpadding="0"><tr style="vertical-align: bottom;"><td style="text-align: center; color: black;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">September30,2016</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td><td style="text-align: center; color: black; font-weight: bold; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;" colspan="2">December 31, 2015</td><td style="color: black; padding-bottom: 1.5pt; font-weight: bold;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="width: 950.4px; text-align: left; color: black;">Machinery and equipment</td><td style="width: 12.8px; color: black;"> </td><td style="width: 12.8px; text-align: left; color: black;">$</td><td style="width: 112.8px; text-align: right; color: black;">6,502</td><td style="width: 12.8px; text-align: left; color: black;"> </td><td style="width: 12.8px; color: black;"> </td><td style="width: 12px; text-align: left; color: black;">$</td><td style="width: 112px; text-align: right; color: black;">5,513</td><td style="width: 12px; text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black;">Motor vehicles</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">41,892</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">43,125</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black;">Total</td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">48,394</td><td style="text-align: left; color: black;"> </td><td style="color: black;"> </td><td style="text-align: left; color: black;"> </td><td style="text-align: right; color: black;">48,638</td><td style="text-align: left; color: black;"> </td></tr><tr style="vertical-align: bottom; background-color: white;"><td style="text-align: left; color: black; padding-bottom: 1.5pt;">Less: accumulated depreciation</td><td style="color: black; padding-bottom: 1.5pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">(23,869</td><td style="text-align: left; color: black; padding-bottom: 1.5pt;">)</td><td style="color: black; padding-bottom: 1.5pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;"> </td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">(17,992</td><td style="text-align: left; color: black; padding-bottom: 1.5pt;">)</td></tr><tr style="vertical-align: bottom; background-color: #cceeff;"><td style="text-align: left; color: black; padding-bottom: 1.5pt;">Plant and Equipment, net</td><td style="color: black; padding-bottom: 1.5pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">24,525</td><td style="text-align: left; color: black; padding-bottom: 1.5pt;"> </td><td style="color: black; padding-bottom: 1.5pt;"> </td><td style="text-align: left; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">$</td><td style="text-align: right; color: black; border-bottom-color: black; border-bottom-width: 1.5pt; border-bottom-style: solid;">30,646</td><td style="text-align: left; color: black; padding-bottom: 1.5pt;"> </td></tr></table></div> 10% of after tax income to be allocated to a statutory surplus reserve until the reserve amounts to 50% of the company's registered capital. 5 years 5 years -525190 -677256 -63601 -165513 -0.02 -0.02 0.00 0.00 -0.02 -0.02 0.00 0.00 1.00 6.25 6.58 1 6.48 1.00 6.67 1.00 4827 11118 707 7672 0.13 0.17 0.17 211 0 0.235 Contributions to the program are calculated at 23.5% of the employees' salaries above a fixed threshold amount and the employees contribute 2% to 8% while the Company contributes the remaining 15.5% to 21.5%. 1 300000 300000 0.95 0.10 0.37 0.38 0.15 3 2386 3325 48638 5513 43125 48394 6502 41892 17992 23869 2223 6715 2139 6478 20000000 300000 300000 120000000 0.001 0.001 0.001 64000 200000 1.30 1.32 0.03 2480500 124025 992000 2976600 1240250 298000 P5Y 147083 142877 487529 45000 488105 45000 1440 2917 18329 2017-03-31 EX-101.SCH 8 chgi-20160930.xsd XBRL SCHEMA FILE 001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 002 - Statement - Consolidated Balance Sheets link:presentationLink link:definitionLink link:calculationLink 003 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 004 - Statement - Consolidated Statements of Operations and Comprehensive Loss (Unaudited) link:presentationLink link:definitionLink link:calculationLink 005 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:definitionLink link:calculationLink 006 - Disclosure - Organization and Business link:presentationLink link:definitionLink link:calculationLink 007 - Disclosure - Going Concern link:presentationLink link:definitionLink link:calculationLink 008 - Disclosure - Basis for Preparation of the Consolidated Financial Statements link:presentationLink link:definitionLink link:calculationLink 009 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 010 - Disclosure - Concentration of Business and Credit Risk link:presentationLink link:definitionLink link:calculationLink 011 - Disclosure - Inventories link:presentationLink link:definitionLink link:calculationLink 012 - Disclosure - Property and Equipment, Net link:presentationLink link:definitionLink link:calculationLink 013 - Disclosure - Stockholders' Deficit link:presentationLink link:definitionLink link:calculationLink 014 - Disclosure - Related Parties link:presentationLink link:definitionLink link:calculationLink 015 - Disclosure - Other Payable link:presentationLink link:definitionLink link:calculationLink 016 - Disclosure - Lease Commitment link:presentationLink link:definitionLink link:calculationLink 017 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:definitionLink link:calculationLink 018 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:definitionLink link:calculationLink 019 - Disclosure - Inventories (Tables) link:presentationLink link:definitionLink link:calculationLink 020 - Disclosure - Property and Equipment, Net (Tables) link:presentationLink link:definitionLink link:calculationLink 021 - Disclosure - Organization and Business (Details) link:presentationLink link:definitionLink link:calculationLink 022 - Disclosure - Summary of Significant Accounting Policies (Details) link:presentationLink link:definitionLink link:calculationLink 023 - Disclosure - Summary of Significant Accounting Policies (Details 1) link:presentationLink link:definitionLink link:calculationLink 024 - Disclosure - Summary of Significant Accounting Policies (Details Textual) link:presentationLink link:definitionLink link:calculationLink 025 - Disclosure - Concentration of Business and Credit Risk (Details) link:presentationLink link:definitionLink link:calculationLink 026 - Disclosure - Inventories (Details) link:presentationLink link:definitionLink link:calculationLink 027 - Disclosure - Inventories (Details Textual) link:presentationLink link:definitionLink link:calculationLink 028 - Disclosure - Property and Equipment, Net (Details) link:presentationLink link:definitionLink link:calculationLink 029 - Disclosure - Property and Equipment, Net (Details Textual) link:presentationLink link:definitionLink link:calculationLink 030 - Disclosure - Stockholders' Deficit (Details) link:presentationLink link:definitionLink link:calculationLink 031 - Disclosure - Related Parties (Details) link:presentationLink link:definitionLink link:calculationLink 032 - Disclosure - Other Payable (Details) link:presentationLink link:definitionLink link:calculationLink 033 - Disclosure - Lease Commitment (Details) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 9 chgi-20160930_cal.xml XBRL CALCULATION FILE EX-101.DEF 10 chgi-20160930_def.xml XBRL DEFINITION FILE EX-101.LAB 11 chgi-20160930_lab.xml XBRL LABEL FILE Document and Entity Information [Abstract] Document and Entity Information [Abstract] Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Amendment Flag Amendment Flag Current Fiscal Year End Date Current Fiscal Year End Date Document Type Document Type Document Period End Date Document Period End Date Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Entity Filer Category Entity Filer Category Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Balance Sheets [Abstract] Statement of Financial Position [Abstract] Assets [Abstract] ASSETS Assets, Current [Abstract] Current Assets Cash and Cash Equivalents, at Carrying Value Cash and cash equivalents Cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at ending of period Accounts Receivable, Net, Current Account Receivable Inventory, Net Inventories Inventories, Total Prepaid Expense, Current Prepaid expenses Prepaid expenses Other Receivables Other receivables, net Assets, Current Total current assets Total current assets Property, Plant and Equipment, Net Property And Equipment, Net Plant and Equipment, net Property, Plant and Equipment, Net, Beginning Balance Property, Plant and Equipment, Net, Ending Balance Property, plant and equipment Assets Total Assets Total Assets Liabilities and Equity [Abstract] LIABILITIES AND STOCKHOLDERS' DEFICIT Liabilities [Abstract] Current Liabilities Accounts Payable and Accrued Liabilities, Current Accounts payable and accrued expenses Accounts payable and accrued expenses Accrued Payroll Taxes, Current Accrued payroll - related party Deferred Revenue, Current Advance from customers Deferred Revenue, Current, Total Other Notes Payable, Current Other payables Other payable Due to Related Parties, Current Amount due to a related party Amount due to related parties Due to Related Parties, Current, Total Due to related parties Interest and Dividends Payable, Current Dividends payable Interest and Dividends Payable, Current, Total Liabilities, Current Total current liabilities Total current liabilities Liabilities Total liabilities Total Liabilities Stockholders' Equity Attributable To Parent [Abstract] Stockholders' Equity (Deficit) Common Stock, Value, Issued Common stock, fair value Common stock, $0.001 par value; 100,000,000 shares authorized 33,934,518 and 33,670,518 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively Common Stock, Value, Issued, Total Common Stock, Value, Issued, Beginning Balance Common Stock, Value, Issued, Ending Balance Additional Paid In Capital Additional paid-in capital Additional paid-in capital Additional Paid in Capital, Beginning Balance Additional Paid in Capital, Ending Balance Accumulated Other Comprehensive Income (Loss), Net Of Tax Accumulated other comprehensive income Accumulated other comprehensive income Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning Balance Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending Balance Retained Earnings (Accumulated Deficit) Accumulated loss Accumulated loss Retained earnings Retained Earnings (Accumulated Deficit), Beginning Balance Retained Earnings (Accumulated Deficit), Ending Balance Stockholders' Equity Attributable to Parent Total stockholders' equity Total stockholders' equity (deficit) Beginning Balance Ending Balance Liabilities and Equity Total Liabilities and Stockholders' Equity Total Liabilities and Stockholders' Equity (Deficit) Common Stock, Par or Stated Value Per Share Common stock, par value Common stock, par value Common Stock, Shares Authorized Common stock, shares authorized Common stock, shares authorized Common Stock, Shares, Issued Common stock, shares issued by Achievers Magazine, Inc. Common stock, shares issued Common Stock, Shares, Issued, Total Common Stock, shares outstanding Common stock, shares outstanding Statements of Operations and Comprehensive Income [Abstract] Revenues Sales Revenues, Total Cost of Goods Sold Cost of Goods Sold Cost of Goods Sold, Total Gross Profit Gross Profit Gross Profit Operating Expenses [Abstract] Operating Expenses Selling Expense Selling expenses Selling expenses General and Administrative Expense General and administrative General and Administrative Expense, Total General and administrative Operating Expenses Total Operating Expenses Total operating expenses Operating Income (Loss) Operating Income (Loss) Before Other Income (Expense) and Income Tax Expense Loss from continuing operations before other income (expense) and income taxes Nonoperating Income (Expense) [Abstract] Other Income (Expense) Interest Expense, Debt Interest expense Interest Expense, Debt, Total Interest expense Other Nonoperating Income Other income (expense), net Nonoperating Income (Expense) Total Other Income (Expense) Total other expense (income), net Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest Loss from continuing operations before income taxes Income Tax Expense (Benefit) Enterprise income tax at the statutory rates Income Tax Expense Income tax expenses per books Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent Net loss from continuing operations Net loss from continuing operations Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent Discontinued operations, net of income taxes Net Income (Loss) Attributable to Parent Net Loss available to common shareholders Net Loss available to common shareholders Net loss Net loss Net Loss Net loss attributable to China Carbon Graphite Group, Inc. Other Comprehensive Income (Loss), Net Of Tax, Portion Attributable To Parent [Abstract] Other Comprehensive Income Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net Of Tax Foreign currency translation gain (loss) Foreign currency translation gain Translation adjustments Foreign currency translation gain Comprehensive Income (Loss), Net of Tax, Attributable to Parent Total comprehensive income Total Comprehensive Loss Total comprehensive income Total Comprehensive Loss Earnings Per Share [Abstract] Share Data Earnings Per Share, Basic and Diluted [Abstract] Basic and diluted loss per share Income (Loss) from Continuing Operations, Per Basic and Diluted Share Continued operations Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic and Diluted Share Discontinued operations Income (Loss) from Extraordinary Items, Net of Tax, Per Basic Share Net loss per share - basic and diluted Net loss attributable to Common Shareholders Weighted Average Number of Shares Outstanding, Basic Weighted average shares of common stock outstanding (basic) Weighted average common shares outstanding, basic Weighted Average Number of Shares Outstanding, Basic, Total Weighted average shares of common stock outstanding (basic) Weighted Average Number of Shares Outstanding, Diluted Weighted average shares of common stock outstanding (diluted) Weighted average common shares outstanding, diluted Weighted average shares of common stock outstanding (diluted) Statements of Cash Flows [Abstract] Net Cash Provided By (Used In) Operating Activities [Abstract] Cash Flows from Operating Activities Adjustments To Reconcile Net Income (Loss) To Cash Provided By (Used In) Operating Activities [Abstract] Adjustments to reconcile net cash provided by (used in) operating activities Depreciation, Depletion and Amortization Depreciation and Amortization Depreciation, Depletion and Amortization, Total Depreciation and amortization Goodwill, Impairment Loss Goodwill, impairment expense Impairment of Goodwill Share-based Compensation Stock compensation Increase (Decrease) In Operating Capital [Abstract] Changes in operating assets and liabilities Increase (Decrease) In Accounts Receivable Accounts receivable Accounts receivable Increase (Decrease) In Other Receivables Other receivable Other receivables Increase (Decrease) In Other Current Assets Advance to suppliers Advance to suppliers Increase (Decrease) In Inventories Inventories Increase (Decrease) in Inventories, Total Inventory Increase (Decrease) In Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities Increase (Decrease) in Accounts Payable and Accrued Liabilities, Total Accounts payable and accrued liabilities Increase (Decrease) In Customer Advances Advance from customers Advance from customers Increase (Decrease) In Accrued Taxes Payable Taxes payable Increase (Decrease) in Accrued Taxes Payable, Total Taxes payable Increase (Decrease) In Other Accounts Payable Other payables Other payables Net Cash Provided By (Used In) Operating Activities Net cash provided by (used in) operating activities Net cash used in operating activities Net Cash Provided By (Used In) Investing Activities [Abstract] Cash flows from investing activities Payments To Acquire Property, Plant, and Equipment Acquisition of property and equipment Payments to Acquire Property, Plant, and Equipment, Total Acquisition of plant and equipment Net Cash Provided By (Used In) Investing Activities Net cash used in investing activities Net cash used in investing activities Net Cash Provided By (Used In) Financing Activities [Abstract] Cash flows from financing activities Repayments of Other Short-term Debt Payment of loans from unrelated parties Proceeds from loan from related parties Net Cash Provided By (Used In) Financing Activities Net cash provided by financing activities Net cash provided by financing activities Effect Of Exchange Rate On Cash and Cash Equivalents Effect of exchange rate for cash Effect of exchange rate fluctuation on cash and cash equivalents Effect of exchange rate fluctuation Cash and Cash Equivalents, Period Increase (Decrease) Net (decrease) increase in cash Net decrease in cash Supplemental Cash Flow Information [Abstract] Supplemental disclosure of cash flow information Interest Paid Interest paid Income Taxes Paid Income taxes paid Income taxes paid Noncash Investing and Financing Items [Abstract] Non-cash activities: Issuance Of Common Stock For Consulting Service Value Issuance of common stock for compensation Value of common stock that was issued for consulting services. Organization and Business [Abstract] Organization, Consolidation and Presentation Of Financial Statements Disclosure [Text Block] Organization and Business Going Concern [Abstract] Going Concern Going Concern The entire disclosure for going concern. Basis for Preparation of the Consolidated Financial Statements [Abstract] Business Description and Basis Of Presentation [Text Block] Basis for Preparation of the Consolidated Financial Statements Summary of Significant Accounting Policies [Abstract] Accounting Policies [Abstract] Significant Accounting Policies [Text Block] Summary of Significant Accounting Policies Concentration of Business and Credit Risk [Abstract] Concentration Risk Disclosure [Text Block] Concentration of Business and Credit Risk Inventories [Abstract] Inventory Disclosure [Abstract] Inventory Disclosure [Text Block] Inventories Plant and Equipment, Net [Abstract] Plant and Equipment, net [Abstract] Property, Plant and Equipment [Abstract] Property, Plant and Equipment Disclosure [Text Block] Plant and Equipment, net Stockholders' Equity [Abstract] Stockholders' deficit [Abstract] Stockholders Equity Note Disclosure [Text Block] Stockholders' deficit Related Parties [Abstract] Related Party Transactions [Abstract] Related Party Transactions Disclosure [Text Block] Related Parties Other Payable [Abstract] Other Payable [Abstract] Other Payable [Text Block] Other Payable Other payable. Lease Commitment [Abstract] Commitments and Contingencies Disclosure [Text Block] Lease Commitment Use Of Estimates, Policy [Policy Text Block] Use of estimates Cash and Cash Equivalents, Policy [Policy Text Block] Cash and cash equivalents Receivables, Policy [Policy Text Block] Accounts receivable Inventory, Policy [Policy Text Block] Inventory Goodwill and Intangible Assets, Policy [Policy Text Block] Goodwill Property, Plant and Equipment, Policy [Policy Text Block] Property and equipment Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] Stock-based compensation Foreign Currency Transactions and Translations Policy [Policy Text Block] Foreign currency translation Revenue Recognition, Policy [Policy Text Block] Revenue recognition Cost Of Sales, Policy [Policy Text Block] Cost of goods sold Shipping and Handling Cost, Policy [Policy Text Block] Shipping and handling costs Segment Reporting, Policy [Policy Text Block] Segment reporting Taxation [Policy Text Block] Taxation Disclosure of accounting policy for taxation. Income Tax, Policy [Policy Text Block] Enterprise income tax Value Added Tax [Policy Text Block] Value added tax Disclosure of accounting policy for value added tax. Commitments and Contingencies, Policy [Policy Text Block] Contingent liabilities and contingent assets Compensation Related Costs, Policy [Policy Text Block] Retirement benefit costs Fair Value Of Financial Instruments, Policy [Policy Text Block] Fair value of financial instruments Earnings Per Share, Policy [Policy Text Block] Earnings (loss) per share Comprehensive Income, Policy [Policy Text Block] Accumulated other comprehensive income Related Parties [Policy Text Block] Related parties Disclosure of accounting policy for related parties. New Accounting Pronouncements, Policy [Policy Text Block] Recent accounting pronouncements Property and Equipment Estimated Useful Life [Table Text Block] Summary of property, plant and equipment estimated useful life Tabular disclosure for property and equipment estimated useful life. Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Schedule of computation of net income per share Schedule Of Inventory, Current [Table Text Block] Summary of Inventories Property, Plant and Equipment [Table Text Block] Summary of plant and equipment, net Organization and Business Textual [Abstract] Organization and Business (Textual) Organization and Business. Allocation Of After Tax Income By Company Law Description of allocation of after tax income by the company law of the PRC applicable to Chinese companies Allocation of after tax income by company law. Property, Plant and Equipment [Table] Plant and Equipment, net [Table] Schedule of Property, Plant and Equipment [Table] Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment by Type [Axis] Property, Plant and Equipment, Type [Domain] Property, Plant and Equipment, Type [Domain] Machinery and Equipment [Member] Machinery and equipment [Member] Motor Vehicles [Member] Motor vehicle [Member] Property, Plant and Equipment [Line Items] Property, Plant and Equipment [Line Items] Estimated Useful Lives Of Assets For Financial and Income Tax Reporting Purposes [Abstract] Schedule of estimated useful lives of the assets for financial and income tax reporting purposes Estimated useful lives of the assets for financial and income tax reporting purposes. Property, Plant and Equipment, Estimated Useful Lives Plant and equipment, Estimated useful life Earnings Per Share Reconciliation [Abstract] Summary of computation of net income per share Incremental Common Shares Attributable To Conversion Of Preferred Stock Shares issuable upon conversion of Series B Preferred Stock Shares issuable upon conversion of Series B Preferred Stock Net Income (Loss) Available To Common Stockholders, Basic Net (loss) available to common shareholders Net Income (Loss) Available To Common Shareholders Net Loss Available To Common Shareholders Net (loss) available to common shareholders Earnings Per Share, Basic Net (loss) per shares of common stock (basic) Basic (loss) per share Earnings Per Share, Basic, Total Net loss attributable to China Carbon Graphite Group, Inc. Earnings Per Share, Diluted Net (loss) per shares of common stock (diluted) Diluted (loss) per share Diluted (loss) per share Summary Of Significant Accounting Policies [Table] This table represents about summary of significant accounting policies. Antidilutive Securities [Axis] Antidilutive Securities [Axis] Antidilutive Securities, Name [Domain] Antidilutive Securities, Name [Domain] Warrant [Member] Warrant [Member] Summary Of Significant Accounting Policies [Line Items] Summary Of Significant Accounting Policies [Line Items] Line items represent reporting concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Summary Of Significant Accounting Policies Textual [Abstract] Summary of Significant Accounting Policies (Textual) Summary of Significant Accounting Policies. Impairment Of Property And Equipment Impairment of property, plant and equipment Impairment expenses for property, plant, and equipment The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a tangible asset to fair value. Impairment of property and equipment Foreign Currency Translation, Average Exchange Rate, Income Statement Average translation rates applied to income statements (RMB to USD) Foreign Currency Translation, Average Exchange Rate, Income Statement. Asset and Liability Reporting Currency Denominated Value Assets and liability translation (RMB to USD) Asset and liability reporting currency denominated value. Shipping, Handling and Transportation Costs Shipping and handling costs Value Added Tax Payable Rate Minimum VAT payable rate, minimum Value added tax payable rate, minimum. Value Added Tax Payable Rate Maximum VAT payable rate, maximum Value added tax payable rate, maximum. Value Added Tax Services Provide Rate VAT rate on taxable service Value added tax, services provide rate. Value Added Tax Receivable, Current VAT payable (recoverable), included in other payables Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent Maximum percentage of salary contribute to defined contribution retirement program Description Of Contribution Retirement Program Description of contribution retirement program Description of contribution retirement program. Number Of Operating Segments Number of business segment Antidilutive Securities Excluded From Computation Of Earnings Per Share, Amount Excluded shares of common stock issuable upon exercise Reserve for slow moving and obsolete inventory Reserve for slow moving and obsolete inventory Provision for inventory Reserve for slow moving and obsolete inventory Impairment of inventory Impairment loss of inventory Inventory impairment Impairment of inventory Inventory impairment. Provision for impairment of inventory Concentration Risk [Table] Concentration Risk Benchmark [Axis] Concentration Risk Benchmark [Domain] Sales Revenue, Net [Member] Net sales [Member] Legal Entity [Axis] Entity [Domain] Jinko Solar Technology [Member] Honglang Carbon Industry Co [Member] Honglang Carbon Industry Co., [Member] Nurol Teknoloji Sanayi Ve Madenci [Member] Nurol Teknoloji Sanayi Ve Madenci [Member] Concentration Risk [Line Items] Concentration Risk, Percentage Percentage of concentration risk Number Of Suppliers Number of suppliers Number of suppliers. Inventory, Net [Abstract] Schedule of inventories Inventory, Finished Goods, Net Of Reserves Finished goods Inventories Textual [Abstract] Inventories (Textual) Inventories. Vehicles [Member] Motor vehicles [Member] Property, Plant and Equipment, Gross Total Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Less: accumulated depreciation Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Total Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Beginning Balance Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Ending Balance Less: accumulated depreciation Property Plant And Equipment Net Textual [Abstract] Plant and Equipment, Net (Textual) Depreciation Depreciation expenses Schedule of Stock by Class [Table] Schedule of Stock by Class [Table] Class of Stock [Axis] Class of Stock [Domain] Series B Preferred Stock [Member] Convertible series B preferred Stock Title of Individual [Axis] Relationship to Entity [Domain] Director [Member] Director [Member] Sale of Stock [Axis] Sale of Stock [Domain] Private Placement [Member] Private placement [Member] Equity Components [Axis] Statement, Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Class of Stock [Line Items] Class of Stock [Line Items] Preferred Stock, Shares Authorized Redeemable convertible series B preferred stock, shares authorized Preferred stock, shares authorized Capital Units, Authorized Authorized capital stock Preferred Stock, Par or Stated Value Per Share Redeemable convertible series B preferred stock, par value Preferred stock, par value Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures Number of stock issued for compensation, shares Sale of Stock, Price Per Share Shares price per share Sale of Stock, Number of Shares Issued in Transaction Number of shares issued in private placement, shares Sale of Stock, Consideration Received Per Transaction Number of shares issued in private placement Number Of Shares Deposited In To Escrow Number of shares deposited in escrow Number of shares of common stock deposited into Escrow. Private Placement Expense Private placement expense Private placement expense. Term Of Warrant Term of warrant Term of warrant. Schedule of Related Party Transactions, by Related Party [Table] Related Party [Axis] Related Party [Axis] Related Party [Domain] Related Party [Domain] Chief Executive Officer [Member] Mr. Donghai [Member] Vice President [Member] Mr. Grace King [Member] Related Party Transaction [Line Items] Related Parties Textual [Abstract] Related Parties (Textual) Due to Officers or Stockholders, Noncurrent Amount due to Mr. Donghai Yu (CEO) Employee-related Liabilities Salary Other Amounts Payable Textual [Abstract] Other Payable (Textual) Lease Commitment Textual [Abstract] Lease Commitment (Textual) Lease commitment textual. Operating Leases, Rent Expense Annual fees Operating Leases, Rent Expense, Net Rent expense Lease Expiration Date Lease expiration date EX-101.PRE 12 chgi-20160930_pre.xml XBRL PRESENTATION FILE XML 13 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2

Document and Entity Information - shares
9 Months Ended

Sep. 30, 2016

Nov. 14, 2016

Document and Entity Information [Abstract]

Entity Registrant Name China Carbon Graphite Group, Inc.

Entity Central Index Key 0001284450

Amendment Flag false

Current Fiscal Year End Date --12-31

Document Type 10-Q

Document Period End Date Sep. 30, 2016

Document Fiscal Year Focus 2016

Document Fiscal Period Focus Q3

Entity Filer Category Smaller Reporting Company

Entity Common Stock, Shares Outstanding 33,670,518

X

- References
No definition available.
+ Details

Name: chgi_DocumentAndEntityInformationAbstract

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document.
+ References
No definition available.
+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
End date of current fiscal year in the format --MM-DD.
+ References
No definition available.
+ Details

Name: dei_CurrentFiscalYearEndDate

Namespace Prefix: dei_

Data Type: xbrli:gMonthDayItemType

Balance Type: na

Period Type: duration

X

- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalPeriodFocus

Namespace Prefix: dei_

Data Type: dei:fiscalPeriodItemType

Balance Type: na

Period Type: duration

X

- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalYearFocus

Namespace Prefix: dei_

Data Type: xbrli:gYearItemType

Balance Type: na

Period Type: duration

X

- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ References
No definition available.
+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".
+ References
No definition available.
+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: dei:submissionTypeItemType

Balance Type: na

Period Type: duration

X

- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12b
-Subsection 1
+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: dei:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
No definition available.
+ Details

Name: dei_EntityCommonStockSharesOutstanding

Namespace Prefix: dei_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
No definition available.
+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12b
-Subsection 1
+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2

Consolidated Balance Sheets - USD ($)

Sep. 30, 2016

Dec. 31, 2015

Current Assets

Cash and cash equivalents $ 34,018 $ 35,523

Account Receivable 125,533 25,718

Inventories 3,325 2,386

Prepaid expenses 211

Other receivables, net 9,456 42,695

Total current assets 172,332 106,533

Property And Equipment, Net 24,525 30,646

Total Assets 196,857 137,179

Current Liabilities

Accounts payable and accrued expenses 181,293 193,448

Accrued payroll - related party 533,170 532,623

Advance from customers 7,260

Other payables 1,248,603 1,013,994

Due to related parties 142,877 147,083

Dividends payable 55,015 55,015

Total current liabilities 2,160,958 1,949,423

Total Liabilities 2,160,958 1,949,423

Stockholders' Equity (Deficit)

Common stock, $0.001 par value; 100,000,000 shares authorized 33,934,518 and 33,670,518 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively 33,934 33,670

Additional paid-in capital 48,398,759 48,391,103

Accumulated other comprehensive income 82,714 76,978

Accumulated loss (50,479,508) (50,313,995)

Total stockholders' equity (deficit) (1,964,101) (1,812,244)

Total Liabilities and Stockholders' Equity (Deficit) $ 196,857 $ 137,179

X

- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19,20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AccountsReceivableNetCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of obligations incurred and payable for statutory payroll taxes incurred through that date and withheld from employees pertaining to services received from them, including entity's matching share of the employees FICA taxes and contributions to the state and federal unemployment insurance programs. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Current Liabilities
-URI http://asc.fasb.org/extlink&oid=6509677
+ Details

Name: us-gaap_AccruedPayrollTaxesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e681-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669686-108580
+ Details

Name: us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AdditionalPaidInCapital

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.9)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6801-107765

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
+ Details

Name: us-gaap_AssetsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_AssetsCurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Cash
-URI http://asc.fasb.org/extlink&oid=6506951

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3044-108585

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Cash Equivalents
-URI http://asc.fasb.org/extlink&oid=6507016

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 13.A.3(b).Q1(c))
-URI http://asc.fasb.org/extlink&oid=65893310&loc=d3e214044-122780

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 8
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 13.A.4(a).Q1)
-URI http://asc.fasb.org/extlink&oid=65893310&loc=d3e214044-122780

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 13.A.3)
-URI http://asc.fasb.org/extlink&oid=65893310&loc=d3e214044-122780

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 13.A.3(b).Q2)
-URI http://asc.fasb.org/extlink&oid=65893310&loc=d3e214044-122780

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 13.A.3(b))
-URI http://asc.fasb.org/extlink&oid=65893310&loc=d3e214044-122780

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 13.A.3(c).Q3)
-URI http://asc.fasb.org/extlink&oid=65893310&loc=d3e214044-122780
+ Details

Name: us-gaap_DeferredRevenueCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k)(1))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DueToRelatedPartiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Sum of the carrying values as of the balance sheet date of (a) interest payable on all forms of debt, including trade payables, that has been incurred, and (b) dividends declared but unpaid on equity securities issued by the entity and outstanding (also includes dividends collected on behalf of another owner of securities that are being held by the entity). Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_InterestAndDividendsPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=68049868&loc=d3e3927-108312

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
+ Details

Name: us-gaap_InventoryNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19-26)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_Liabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_LiabilitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(23))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(25))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(32))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesAndStockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.21)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term notes classified as other, payable within one year or the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherNotesPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount due from parties in nontrade transactions, classified as other.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.8)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherReceivables

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6787-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 340
-SubTopic 10
-Section 05
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=68074540&loc=d3e5879-108316

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Current Assets
-URI http://asc.fasb.org/extlink&oid=6509628

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
+ Details

Name: us-gaap_PrepaidExpenseCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(14))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(8))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
+ Details

Name: us-gaap_PropertyPlantAndEquipmentNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(4))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_RetainedEarningsAccumulatedDeficit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StockholdersEquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 15 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2

Consolidated Balance Sheets (Parenthetical) - $ / shares

Sep. 30, 2016

Dec. 31, 2015

Balance Sheets [Abstract]

Common stock, par value $ 0.001 $ 0.001

Common stock, shares authorized 100,000,000 100,000,000

Common stock, shares issued 33,934,518 33,670,518

Common stock, shares outstanding 33,934,518 33,670,518

X

- Definition
Face amount or stated value per share of common stock.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644
+ Details

Name: us-gaap_CommonStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StatementOfFinancialPositionAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Statements of Operations and Comprehensive Income [Abstract]

Sales $ 171,582 $ 117,572 $ 574,522 $ 146,408

Cost of Goods Sold 142,887 70,149 474,477 80,626

Gross Profit 28,695 47,423 100,045 65,782

Operating Expenses

Selling expenses 5,222 9,131 18,212 19,591

General and administrative 104,598 584,106 304,448 781,527

Total operating expenses 109,820 593,237 322,660 801,118

Loss from continuing operations before other income (expense) and income taxes (81,125) (545,814) (222,615) (735,336)

Other Income (Expense)

Interest expense (224) (731) (560) (1,707)

Other income (expense), net 17,748 21,355 57,662 59,787

Total other expense (income), net 17,524 20,624 57,102 58,080

Loss from continuing operations before income taxes (63,601) (525,190) (165,513) (677,256)

Income Tax Expense

Net loss from continuing operations (63,601) (525,190) (165,513) (677,256)

Discontinued operations, net of income taxes

Net loss (63,601) (525,190) (165,513) (677,256)

Other Comprehensive Income

Foreign currency translation gain (loss) 869 (34,912) 5,736 (34,011)

Total Comprehensive Loss $ (62,732) $ (560,102) $ (159,777) $ (711,267)

Basic and diluted loss per share

Continued operations $ 0.00 $ (0.02) $ 0.00 $ (0.02)

Discontinued operations 0.00 0.00 0.00 0.00

Net loss per share - basic and diluted $ 0.00 $ (0.02) $ 0.00 $ (0.02)

Weighted average common shares outstanding, basic 33,934,518 33,670,518 33,869,000 33,670,518

Weighted average common shares outstanding, diluted 33,934,518 33,670,518 33,869,000 33,670,518

X

- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=51831270

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=51831223

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e557-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=51831255
+ Details

Name: us-gaap_ComprehensiveIncomeNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Total costs related to goods produced and sold during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2(a))
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688
+ Details

Name: us-gaap_CostOfGoodsSold

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Per basic and diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation, when the per share amount is the same.
+ References
No definition available.
+ Details

Name: us-gaap_DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareBasicAndDilutedAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.4)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688
+ Details

Name: us-gaap_GeneralAndAdministrativeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1,2)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688
+ Details

Name: us-gaap_GrossProfit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount after tax of income (loss) from continuing operations attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.13)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=68079674&loc=SL4613673-111683
+ Details

Name: us-gaap_IncomeLossFromContinuingOperations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913
+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of net income (loss) from continuing operations per each basic and diluted share of common stock or unit when the per share amount is the same for both basic and diluted shares.
+ References
No definition available.
+ Details

Name: us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3B
-URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721525-107759

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721523-107759

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=65878427&loc=d3e957-107759

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=65878427&loc=d3e1012-107759

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=68079674&loc=SL4569616-111683
+ Details

Name: us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of net income (loss) from extraordinary items, net of related tax effect, per each share of common stock or unit outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(18))
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(14))
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(16))
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.23)
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882
+ Details

Name: us-gaap_IncomeLossFromExtraordinaryItemsNetOfTaxPerBasicShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_IncomeStatementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a),(b)
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Income Tax Expense (or Benefit)
-URI http://asc.fasb.org/extlink&oid=6515339
+ Details

Name: us-gaap_IncomeTaxExpenseBenefit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of the cost of borrowed funds accounted for as interest expense for debt.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.8)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688
+ Details

Name: us-gaap_InterestExpenseDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=51831255

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=51831270

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.7)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688
+ Details

Name: us-gaap_NonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NonoperatingIncomeExpenseAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OperatingExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The net result for the period of deducting operating expenses from operating revenues.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=64808268&loc=d3e32211-110900

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (a-c)
-URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669646-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=64808268&loc=d3e32022-110900

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=64808268&loc=d3e32157-110900
+ Details

Name: us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of income related to nonoperating activities, classified as other.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.7)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688
+ Details

Name: us-gaap_OtherNonoperatingIncome

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688
+ Details

Name: us-gaap_Revenues

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Expenses recognized in the period that are directly related to the selling and distribution of products or services.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.4)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688
+ Details

Name: us-gaap_SellingExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1505-109256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

XML 17 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2

Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Cash Flows from Operating Activities

Net Loss available to common shareholders $ (165,513) $ (677,256)

Adjustments to reconcile net cash provided by (used in) operating activities

Depreciation and Amortization 6,478 6,715

Impairment of Goodwill 494,540

Stock compensation 7,920

Changes in operating assets and liabilities

Accounts receivable (101,926) (43,026)

Other receivables 32,620 (9,515)

Advance to suppliers 16,780

Inventory (1,021) (1,345)

Accounts payable and accrued liabilities (9,234) 157,264

Advance from customers (7,149) (6,568)

Taxes payable 1,644 6,814

Other payables 236,831 27,334

Net cash used in operating activities 650 (28,263)

Cash flows from investing activities

Acquisition of plant and equipment (1,163) (1,067)

Net cash used in investing activities (1,163) (1,067)

Cash flows from financing activities

Proceeds from loan from related parties 24,489

Net cash provided by financing activities 24,489

Effect of exchange rate fluctuation on cash and cash equivalents (992) (589)

Net decrease in cash (1,505) (5,430)

Cash and cash equivalents at beginning of period 35,523 30,863

Cash and cash equivalents at ending of period 34,018 25,433

Supplemental disclosure of cash flow information

Interest paid 560 1,707

Income taxes paid

Non-cash activities:

Issuance of common stock for compensation $ 7,920

X

- Definition
Value of common stock that was issued for consulting services.
+ References
No definition available.
+ Details

Name: chgi_IssuanceOfCommonStockForConsultingServiceValue

Namespace Prefix: chgi_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Cash
-URI http://asc.fasb.org/extlink&oid=6506951

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3044-108585

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Cash Equivalents
-URI http://asc.fasb.org/extlink&oid=6507016

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3521-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 230
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=49171198&loc=d3e33268-110906
+ Details

Name: us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585
+ Details

Name: us-gaap_DepreciationDepletionAndAmortization

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 230
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=49171198&loc=d3e33268-110906
+ Details

Name: us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13777-109266

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267
+ Details

Name: us-gaap_GoodwillImpairmentLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4297-108586

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 25
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3536-108585
+ Details

Name: us-gaap_IncomeTaxesPaid

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInAccountsReceivable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period of all taxes owed but not paid, including income, property and other taxes.
+ References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInAccruedTaxesPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the amount of prepayments by customers for goods or services to be provided at a later date.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInCustomerAdvances

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInInventories

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInOperatingCapitalAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of increase (decrease) in obligations classified as other, payable within one year or the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInOtherAccountsPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of increase (decrease) in current assets classified as other.
+ References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInOtherCurrentAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of increase (decrease) in receivables classified as other.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585
+ Details

Name: us-gaap_IncreaseDecreaseInOtherReceivables

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The amount of cash paid for interest during the period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4297-108586

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 25
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3536-108585
+ Details

Name: us-gaap_InterestPaid

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3521-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3574-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3521-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3574-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3521-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3536-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=51831255

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=51831270

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NoncashInvestingAndFinancingItemsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Investing Activities
-URI http://asc.fasb.org/extlink&oid=6516133

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 13
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3213-108585
+ Details

Name: us-gaap_PaymentsToAcquirePropertyPlantAndEquipment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of cash outflow for the payment of debt classified as other, maturing within one year or the operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3291-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Financing Activities
-URI http://asc.fasb.org/extlink&oid=6513228
+ Details

Name: us-gaap_RepaymentsOfOtherShortTermDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585
+ Details

Name: us-gaap_ShareBasedCompensation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_SupplementalCashFlowInformationAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2

Organization and Business
9 Months Ended

Sep. 30, 2016

Organization and Business [Abstract]

Organization and Business
(1) Organization and Business

China Carbon Graphite Group, Inc. (the “Company”), through its subsidiaries, is engaged in the manufacture and sales of graphene and graphene oxide and graphite bipolar plates in the People’s Republic of China (“China” or the “PRC”). We also operate a business-to-business and business-to-consumers Internet portal (www.roycarbon.com) for graphite related products. Vendors can sell raw materials, industrial commodities and consumer (household) commodities to both business and consumers through the website by paying a fee for each transaction conducted through the website.

The Company was incorporated on February 13, 2003 in Nevada under the name Achievers Magazine Inc. In connection with the reverse merger transaction described below, the Company’s corporate name was changed to China Carbon Graphite Group, Inc. on January 30, 2008.

The consolidated financial statements presented herein consolidate the financial statements of China Carbon Graphite, Inc. with the financial statements of its subsidiaries, Golden Ivy Limited, Royal Elite International Limited, Royal Elite New Energy Science and Technology (ShangHai) Co., Ltd., Talent International Investment Limited, and Xinghe Yongle Carbon Co., Ltd.

Organizational Structure Chart

The following chart sets forth our organizational structure:

Liquidity and Working Capital Deficit

As of September 30, 2016 and as of December 31, 2015, the Company managed to operate its business with a negative working capital.

The Company Law of the PRC applicable to Chinese companies provides that net after tax income should be allocated by the following rules:

1. 10% of after tax income to be allocated to a statutory surplus reserve until the reserve amounts to 50% of the company’s registered capital.

2. If the cumulative balance of statutory surplus reserve is not enough to make up the Company’s cumulative prior years’ losses, the current year’s after tax income should be first used to make up the losses before the statutory surplus reverse is drawn.

3. Allocation can be made to the discretionary surplus reserve, if such a reserve is approved at the meeting of the equity owners.

Therefore, the Company is required to maintain a statutory reserve in China that limits any equity distributions to its shareholders. The maximum amount of the shareholders has not been reached. The Company has never distributed earnings to shareholders and has no intentions to do so.

X

- References
No definition available.
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=35735333&loc=d3e288-107754

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 272
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64809438&loc=d3e5614-111684

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 19 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2

Going Concern
9 Months Ended

Sep. 30, 2016

Going Concern [Abstract]

Going Concern
(2) Going Concern

The Company’s consolidated financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of and for the period ended September 30, 2016, the Company has incurred operating losses and working capital deficit. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Management’s Plan to Continue as a Going Concern

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plans to obtain such resources for the Company include (1) obtaining capital from the sale of its equity securities, (2) sales of its products, and (3) short-term or long-term borrowings from banks, stockholders or other party(ies) when needed. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans. The Company plans to look for opportunities to merge with other companies in the graphite industry.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually to secure other sources of financing and attain profitable operations.

X

- References
No definition available.
+ Details

Name: chgi_GoingConcernAbstract

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for going concern.
+ References
No definition available.
+ Details

Name: chgi_GoingConcernTextBlock

Namespace Prefix: chgi_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 20 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2

Basis for Preparation of the Consolidated Financial Statements
9 Months Ended

Sep. 30, 2016

Basis for Preparation of the Consolidated Financial Statements [Abstract]

Basis for Preparation of the Consolidated Financial Statements
(3) Basis for Preparation of the Consolidated Financial Statements

Management acknowledges its responsibility for the preparation of the accompanying interim consolidated financial statements which reflect all adjustments, consisting of normal recurring adjustments, considered necessary in its opinion for a fair statement of its consolidated financial position and the results of its operations for the interim period presented. These consolidated financial statements should be read in conjunction with the summary of significant accounting policies and notes to consolidated financial statements included in the Company’s Form 10-K annual report for the year ended December 31, 2015. The consolidated balance sheet as of December 31, 2015 has been derived from the audited financial statements. The results of the nine months ended September 30, 2016 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2016.

The accompanying unaudited consolidated financial statements for China Carbon Graphite Group, Inc. and its subsidiaries and variable interest entity, have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.

The Company maintains its books and accounting records in Renminbi (“RMB”), but its reporting currency is U.S. dollars.

The financial statements have been prepared in order to present the financial position and results of operations of the Company and its subsidiaries whose financial condition consolidated with the Company pursuant to ASC Topic 810-10, Consolidation, in accordance with U.S. GAAP. All significant intercompany accounts and transactions have been eliminated.

X

- References
No definition available.
+ Details

Name: chgi_BasisForPreparationOfFinancialStatementsAbstract

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).
+ References
No definition available.
+ Details

Name: us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 21 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2

Summary of Significant Accounting Policies
9 Months Ended

Sep. 30, 2016

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies
(4) Summary of Significant Accounting Policies

The accompanying consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes.

Use of estimates

The preparation of these financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of net sales and expenses during the reporting period. Some of the significant estimates include values and lives assigned to acquired property, equipment and intangible assets, reserves for customer returns and allowances, uncollectible accounts receivable, slow moving, obsolete and/or damaged inventory and stock warrant valuation. Actual results may differ from these estimates.
Cash and cash equivalents

The Company considers all highly liquid debt instruments purchased with maturity periods of six months or less to be cash equivalents. The carrying amounts reported in the accompanying balance sheet for cash and cash equivalents approximate their fair value. Substantially all of the Company’s cash is held in bank accounts in the PRC and is not protected by FDIC insurance or any other similar insurance. The Company’s bank account in the United States is protected by FDIC insurance.

Accounts receivable

Trade receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred. Accounts receivable are recorded at the invoiced amount and do not bear interest. Management reviews the adequacy of the allowance for doubtful accounts on an ongoing basis, using historical collection trends and aging of receivables. Management also periodically evaluates individual customer’s financial condition, credit history, and the current economic conditions to make adjustments in the allowance when it is considered necessary.

Inventory

Inventory is stated at the lower of cost or market. The cost of inventories comprises all costs of purchases, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The costs of conversion of inventories include fixed and variable production overhead, taking into account the stage of completion. Cost is determined using the weighted average method. Market value represents the estimated selling price in the ordinary course of business less the estimated costs necessary to complete the sale. The Company periodically reviews historical sales activity to determine excess, slow moving items and potentially obsolete items and also evaluates the impact of any anticipated changes in future demand. The Company provides inventory allowances based on excess and obsolete inventories determined principally by customer demand. Impairment of inventories is recorded in cost of goods sold.

For the nine months ended September 30, 2016 and 2015, the Company has not made provision for inventory in regards to slow moving or obsolete items.

Goodwill

The Company periodically reviews the carrying value of intangible assets not subject to amortization, including goodwill, to determine whether impairment may exist. Goodwill and certain intangible assets are assessed annually, or when certain triggering events occur, for impairment using fair value measurement techniques. These events could include a significant change in the business climate, legal factors, a decline in operating performance, competition, sale or disposition of a significant portion of the business, or other factors. Specifically, goodwill impairment is determined using a two-step process. The first step of the goodwill impairment test is used to identify potential impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. The Company recorded an impairment expense of $0 and $494,540 for the nine months ended September 30, 2016 and 2015, respectively.

Property and equipment

Property and equipment is stated at the historical cost, less accumulated depreciation. Depreciation on property and equipment is provided using the straight-line method over the estimated useful lives of the assets for both financial and income tax reporting purposes as follows:

Machinery and equipment 5 years
Motor vehicle 5 years

Expenditures for renewals and betterments are capitalized while repairs and maintenance costs are normally charged to the statement of operations in the year in which they are incurred. In situations where it can be clearly demonstrated that the expenditure has resulted in an increase in the future economic benefits expected to be obtained from the use of the asset, the expenditure is capitalized as an additional cost of the asset.

Upon sale or disposal of an asset, the historical cost and related accumulated depreciation or amortization of such asset were removed from their respective accounts and any gain or loss is recorded in the statements of income.

The Company reviews the carrying value of property, plant, and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition and other economic factors. Based on this assessment, no impairment expenses for property, plant, and equipment was recorded in operating expenses during the nine months ended September 30, 2016 and 2015.

Stock-based compensation

Stock-based compensation includes (i) common stock awards granted to employees and directors for services which are accounted for under FASB ASC 718, Compensation–Stock Compensation” and (ii) common stock awards granted to consultants which are accounted for under FASB ASC 505-50, Equity–Equity-Based Payments to Non-Employees.
All grants of common stock awards and stock options to employees and directors are recognized in the financial statements based on their grant date fair values. The Company has elected to recognize compensation expense using the straight-line method for all common stock awards and stock options granted with service conditions that have a graded vesting schedule, with a corresponding charge to additional paid-in capital.

Common stock awards are granted to directors for services provided. The vested portions of common stock awards granted but not yet issued are recorded in common stock to be issued.

Common stock awards issued to consultants represent common stock granted to non-employees in exchange for services at fair value. The measurement dates for such awards are set at the dates that the contracts are entered into as the awards are non-forfeitable and vest immediately. The measurement date fair value is then recognized over the service period as if the Company has paid cash for such service.

The Company estimates fair value of common stock awards based on the number of shares granted and the quoted price of the Company’s common stock on the date of grant.

Foreign currency translation

The reporting currency of the Company is U.S. dollars. The Company uses RMB as its functional currency. The results of operations and cash flows are translated at average exchange rates during the period, and assets and liabilities are translated at the unified exchange rates at the balance sheet dates, and equity is translated at the historical exchange rates. As a result, amounts related to assets and liabilities reported on the statements of cash flows will not necessarily agree with changes in the corresponding accounts on the balance sheets. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statements of stockholders’ equity. Translation adjustments for the three months ended September 30, 2016 and 2015 were $869 and $(34,912), respectively. Translation adjustments for the nine months ended September 30, 2016 and 2015 were $5,736 and $(34,011), respectively. The cumulative translation adjustment and effect of exchange rate changes on cash for the nine months ended September 30, 2016 and 2015 were $(992) and $(589), respectively. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.

Assets and liabilities were translated at 6.67 RMB and 6.48 RMB to $1.00 at September 30, 2016 and December 31, 2015, respectively. The equity accounts were stated at their historical rates. The average translation rates applied to income statements for the nine months ended September 30, 2016 and 2015 were 6.58 RMB and 6.25 RMB to $1.00, respectively. Cash flows are also translated at average translation rates for the period; therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheet.
Revenue recognition

We recognize revenue in accordance with ASC 605-25, Revenue Recognition, which states that revenue should be recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the service has been rendered; (3) the selling price is fixed or determinable; and (4) collection of the resulting receivable is reasonably assured. Sales represent the invoiced value of goods, net of value added tax (“VAT”), if any, and are recognized upon delivery of goods and passage of title.

In accordance with ASC 605-25, the Company recognizes revenue when persuasive evidence of an arrangement exists, transfer of title has occurred or services have been rendered, the selling price is fixed or determinable and collectability is reasonably assured.

The Company derives revenues from the manufacturing and distribution of graphite based products. The Company recognizes its revenues net of VAT. The Company is subject to VAT, which is levied on a majority of the products, at a rate ranging from 13% to 17% on the invoiced value of sales. Output VAT is borne by customers in addition to the invoiced value of sales and input VAT is borne by the Company in addition to the invoiced value of purchases to the extent not refunded for export sales.

The Company recognizes revenue upon receipt of the delivery confirmation provided by the customer or distributor. The Company does not provide chargeback or price protection rights to the distributors. The distributor only places purchase orders with the Company once it has confirmed the sale with a third party because this is a specialized business, which dictates that the Company will not manufacture the products until the purchase order is received. The Company allows its customers to return products only if its products are later determined by the Company to be defective. Based on the Company’s historical experience, product returns have been insignificant throughout all of its product lines. Therefore, the Company does not estimate deductions or allowances for sales returns. If sales returns occur, they are taken against revenue when products are returned from customers. Sales are presented net of any discounts given to customers. Interest income is recognized when earned. The Company experienced no returns for the nine months ended September 30, 2016 and 2015.

Cost of goods sold

Cost of goods sold consists primarily of the costs of products.

Shipping and handling costs

The Company follows ASC 605-45, Handling Costs, and Shipping Costs, formerly known as Emerging Issues Task Force No. 00-10, Accounting for Shipping and Handling Fees and Costs. The Company classifies shipping and handling costs paid on behalf of its customers in selling expenses. For the three months ended September 30, 2016 and 2015, shipping and handling costs were $707 and $4,827, respectively. For the nine months ended September 30, 2016 and 2015, shipping and handling costs were $7,672 and $11,118, respectively.
Segment reporting

ASC 280, Segment Reporting, formerly known as Statement of Financial Accounting Standards No. 131, Disclosure about Segments of an Enterprise and Related Information, requires use of the “management approach” model for segment reporting. Under this model, segment reporting is consistent with the manner that the Company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure or any other manner in which management disaggregates a company.

Because the Company sells only carbon graphite products to Chinese distributors and end users, it has only one business segment.

Taxation

Taxation on profits earned in the PRC has been calculated based on the estimated assessable profits for the year at the rates of taxation prevailing in the PRC after taking into account the benefits from any special tax credits or “tax holidays” allowed in the county of operations.

The Company does not accrue U.S. income tax since it has no operations in the United States. Its operating subsidiaries are organized and located in the PRC and do not conduct any business in the United States.

In 2006, the Financial Accounting Standards Board (“FASB”) issued ASC, 740 Income Tax, formerly known as FIN 48, which clarifies the application of SFAS 109 by defining a criterion that an individual income tax position must meet for any part of the benefit of that position to be recognized in an enterprise’s financial statements and provides guidance on measurement, recognition, classification, accounting for interest and penalties, accounting in interim periods, disclosure and transition. In accordance with the transition provisions, the Company adopted FIN 48 effective January 1, 2007.

The Company recognizes that virtually all tax positions in the PRC are not free from some degree of uncertainty due to tax law and policy changes by the state. The Company cannot reasonably quantify political risk factors and thus must depend on guidance issued by current government officials.

Based on all known facts and circumstances and current tax law, the Company believes that the total amount of unrecognized tax benefits as of September 30, 2016 is not material to its results of operations, financial condition or cash flows. The Company also believes that the total amount of unrecognized tax benefits as of September 30, 2016, if recognized, would not have a material effect on its effective tax rate. The Company further believes that there are no tax positions for which it is reasonably possible, based on current Chinese tax law and policy, that the unrecognized tax benefits will significantly increase or decrease over the next twelve months producing, individually or in the aggregate, a material effect on the Company’s results of operations, financial condition or cash flows.
Enterprise income tax

The enterprise income tax is calculated on the basis of the statutory profit as defined in the PRC tax laws. This statutory profit is computed differently than the Company’s net income under U.S. GAAP.

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of deferred tax assets and liabilities from a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Value added tax

The Provisional Regulations of the PRC Concerning Value Added Tax promulgated by the State Council came into effect on January 1, 1994. Under these regulations and the Implementing Rules of the Provisional Regulations of the PRC Concerning Value Added Tax, value added tax (“VAT”) is imposed on goods sold in or imported into the PRC and on processing, repair and replacement services provided within the PRC.

VAT payable in the PRC is charged on an aggregated basis at a rate of 13% or 17% (depending on the type of goods involved) on the full price collected for the goods sold or, in the case of taxable services provided, at a rate of 17% on the charges for the taxable services provided, but excluding, in respect of both goods and services, any amount paid in respect of VAT included in the price or charges, and less any deductible value added tax already paid by the taxpayer on purchases of goods and services in the same financial year. VAT payable is included in prepaid expenses of $0 and is included in prepaid expenses of $211 as of September 30, 2016 and December 31, 2015, respectively.

Contingent liabilities and contingent assets

A contingent liability is a possible obligation that arises from past events and whose existence will only be confirmed by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company. It can also be a present obligation arising from past events that is not recognized because it is not probable that the Company will incur a liability or obligations as a result. A contingent liability, which might occur but is not probable, is not recorded but is disclosed in the notes to the financial statements. The Company will recognize a liability or obligation when it is probable that the Company will incur such liability or obligation.

A contingent asset is an asset, which could possibly arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain events not wholly within the control of the Company. Contingent assets are not recorded but are disclosed in the notes to the financial statements when it is likely that the Company will recognize an economic benefit. When the benefit is virtually certain, the asset is recognized.
Retirement benefit costs

According to PRC regulations on pensions, the Company contributes to a defined contribution retirement program organized by the municipal government in the province in which the Company is registered and all qualified employees are eligible to participate in the program. Contributions to the program are calculated at 23.5% of the employees’ salaries above a fixed threshold amount and the employees contribute 2% to 8% while the Company contributes the remaining 15.5% to 21.5%. The Company has no other material obligation for the payment of retirement benefits beyond the annual contributions under this program.

Fair value of financial instruments

The Company has adopted ASC Topic 820, Fair Value Measurement and Disclosure, which defines fair value, establishes a framework for measuring fair value in U.S. GAAP, and expands disclosures about fair value measurements. It does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. It establishes a three-level valuation hierarchy of valuation techniques based on observable and unobservable inputs, which may be used to measure fair value and include the following:

● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.

The carrying amount of other receivables, advance to vendors, advances from customers, other payables, accrued liabilities and short-term loans are reasonable estimates of their fair value because of the short-term nature of these items.

Earnings (loss) per share

Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Potentially dilutive shares of common stock consist of the common stock issuable upon the conversion of convertible debt, preferred stock and warrants. The Company uses if-converted method to calculate the dilutive preferred stock and treasury stock method to calculate the dilutive shares issuable upon exercise of warrants.
The following table sets forth the computation of the number of net income per share for the nine months ended September 30, 2016 and 2015:

September 30,
2016

September 30,
2015

Weighted average shares of common stock outstanding (basic) 33,869,000 33,670,518
Shares issuable upon conversion of Series B Preferred Stock - -
Weighted average shares of common stock outstanding (diluted) 33,869,000 33,670,518
Net (loss) available to common shareholders $ (165,513 ) $ (677,256 )
Net (loss) per shares of common stock (basic) $ (0.00 ) $ (0.02 )
Net (loss) per shares of common stock (diluted) $ (0.00 ) $ (0.02 )

For the nine months ended September 30, 2016, the Company excluded 300,000 shares of common stock issuable upon conversion of preferred stock, because such issuance would be anti-dilutive.

The following table sets forth the computation of the number of net income per share for the three months ended September 30, 2016 and 2015:

September30,
2016

September30,
2015

Weighted average shares of common stock outstanding (basic) 33,934,518 33,670,518
Shares issuable upon conversion of Series B Preferred Stock - -
Weighted average shares of common stock outstanding (diluted) 33,934,518 33,670,518
Net (loss) available to common shareholders $ (63,601 ) $ (525,190 )
Net (loss) per shares of common stock (basic) $ (0.00 ) $ (0.02 )
Net (loss) per shares of common stock (diluted) $ (0.00 ) $ (0.02 )

For the three months ended September 30, 2016, the Company excluded 300,000 shares of common stock issuable upon conversion of preferred stock, because such issuance would be anti-dilutive.

Accumulated other comprehensive income

The Company follows ASC 220, Comprehensive Income, formerly known as SFAS No. 130, Reporting Comprehensive Income, to recognize the elements of comprehensive income. Comprehensive income is comprised of net income and all changes to the statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders. For the Company, comprehensive income for the nine months ended September 30, 2016 and 2015 included net income and foreign currency translation adjustments.
Related parties

Parties are considered to be related to the Company if the parties that, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. Transactions with related parties are disclosed in the financial statements.

Recent accounting pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements will have a material impact on its financial condition or the results of its operations.

In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. The amendments in the ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance in U.S. GAAP. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. The amendments in the ASU are effective in the first quarter of 2015 for public organizations with calendar year ends. Early adoption is permitted. The Company does not expect the adoption to have a significant impact on its consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from contracts with Customers (Topic 606)”. This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets. This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. The ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition-Construction-Type and Production-Type Contracts. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchanged for those goods or services. The standard is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

In August 2014, the FASB issued the FASB Accounting Standards Update No. 2014-15 “Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”).
In connection with preparing financial statements for each annual and interim reporting period, an entity’s management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued when applicable). Management’s evaluation should be based on relevant conditions and events that are known and reasonably knowable at the date that the financial statements are issued (or at the date that the financial statements are available to be issued when applicable). Substantial doubt about an entity’s ability to continue as a going concern exists when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued (or available to be issued). The term probable is used consistently with its use in Topic 450, Contingencies.

When management identifies conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern, management should consider whether its plans that are intended to mitigate those relevant conditions or events will alleviate the substantial doubt. The mitigating effect of management’s plans should be considered only to the extent that (1) it is probable that the plans will be effectively implemented and, if so, (2) it is probable that the plans will mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern.

If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, but the substantial doubt is alleviated as a result of consideration of management’s plans, the entity should disclose information that enables users of the financial statements to understand all of the following (or refer to similar information disclosed elsewhere in the footnotes):

a. Principal conditions or events that raised substantial doubt about the entity’s ability to continue as a going concern (before consideration of management’s plans)

b. Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations

c. Management’s plans that alleviated substantial doubt about the entity’s ability to continue as a going concern.

If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, and substantial doubt is not alleviated after consideration of management’s plans, an entity should include a statement in the footnotes indicating that there is substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or available to be issued). Additionally, the entity should disclose information that enables users of the financial statements to understand all of the following:

a. Principal conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern

b. Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations

c. Management’s plans that are intended to mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern.

The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted.

Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements.

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for all significant accounting policies of the reporting entity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18861-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18726-107790

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18743-107790

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18854-107790
+ Details

Name: us-gaap_SignificantAccountingPoliciesTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 22 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2

Concentration of Business and Credit Risk
9 Months Ended

Sep. 30, 2016

Concentration of Business and Credit Risk [Abstract]

Concentration of Business and Credit Risk
(5) Concentration of Business and Credit Risk

Most of the Company’s bank accounts are in banks located in the PRC and are not covered by any type of protection similar to that provided by the Federal Deposit Insurance Corporation (“FDIC”) on funds held in U.S. banks. The Company’s bank account in the United States is covered by FDIC insurance.

Because the Company’s operations are located in the PRC, this may give rise to significant foreign currency risks due to fluctuations in and the volatility of foreign exchange rates between U.S. dollars and RMB.

Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash, trade accounts receivables and inventories, the balances of which are stated on the balance sheet. The Company places its cash in banks located in China. Concentration of credit risk with respect to trade accounts receivables is limited due to the diversity of the Company’s customers who are located in different regions of China. The Company does not require collateral or other security to support financial instruments subject to credit risk.

Sales to certain customers generated over 10% of the Company’s total net sales. Sales to Jinko Solar Technology SDN. BHD, for the nine months ended September 30, 2016 were approximately 37% of the Company’s net sales. Sales to Honglang Carbon Industry Co., Ltd for the nine months ended September 30, 2016 were approximately 38% of the Company’s net sales. Sales to Nurol Teknoloji Sanayi Ve Madenci for the nine months ended September 30, 2016 were approximately 15% of the Company’s net sales.

For the nine months ended September 30, 2016, three suppliers accounted for approximately 95% of total purchases.

X

- Definition
The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6327-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13531-108611

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6404-108592

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6442-108592

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6351-108592

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13537-108611
+ Details

Name: us-gaap_ConcentrationRiskDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_RisksAndUncertaintiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 23 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2

Inventories
9 Months Ended

Sep. 30, 2016

Inventories [Abstract]

Inventories
(6) Inventories

As of September 30, 2016 and December 31, 2015, inventories consisted of the following:

September30,
2016
December 31,
2015
Finished goods $ 3,325 $ 2,386
Reserve for slow moving and obsolete inventory - -
$ 3,325 $ 2,386

For the nine months ended September 30, 2016 and 2015, the Company has not made provision for inventory in regards to slow moving or obsolete items. As of September 30, 2016 and December 31, 2015, the Company did not record any provision for inventory in regards to slow moving or obsolete items.

X

- References
No definition available.
+ Details

Name: us-gaap_InventoryDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766
+ Details

Name: us-gaap_InventoryDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 24 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2

Property and Equipment, Net
9 Months Ended

Sep. 30, 2016

Plant and Equipment, Net [Abstract]

Plant and Equipment, net
(7) Property and Equipment, net

As of September 30, 2016 and December 31, 2015, property, plant and equipment consisted of the following:

September30,
2016
December 31,
2015
Machinery and equipment $ 6,502 $ 5,513
Motor vehicles 41,892 43,125
Total 48,394 48,638
Less: accumulated depreciation (23,869 ) (17,992 )
Plant and Equipment, net $ 24,525 $ 30,646

For the three months ended September 30, 2016 and 2015, depreciation expenses amounted to $2,139 and $2,223, respectively. For the nine months ended September 30, 2016 and 2015, depreciation expenses amounted to $6,478 and $6,715, respectively.

The Company reviews the carrying value of property and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition and other economic factors. Based on this assessment, no impairment expenses for property, plant, and equipment was recorded in operating expenses during the nine months ended September 30, 2016 and 2015.

X

- References
No definition available.
+ Details

Name: us-gaap_PropertyPlantAndEquipmentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13-14)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2921-110230

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
+ Details

Name: us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 25 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2

Stockholders' Deficit
9 Months Ended

Sep. 30, 2016

Stockholders' Equity [Abstract]

Stockholders' deficit
(8) Stockholders’ deficit

Restated Articles of Incorporation

On January 22, 2008, the Company changed its authorized capital stock to 120,000,000 shares of capital stock, of which 20,000,000 shares are shares of preferred stock, par value $0.001 per share, and 100,000,000 shares are shares of common stock, par value $0.001 per share. The restated articles of incorporation authorizes the board of directors of the Company to issue one or more series of preferred stock and to designate the rights, preferences, privileges and limitation of the holders of such preferred stock. The board of directors has authorized the issuance of two series of preferred stock, Series A Convertible Preferred Stock (“Series A Preferred Stock”) and Series B Convertible Preferred Stock (“Series B Preferred Stock”).

Issuance of Common Stock

(a) Stock Issuances For Compensation

On March 8, 2016, the Company issued an aggregate of 200,000 shares of common stock to four directors as compensation for services provided in 2015. The issuance of these shares was recorded at fair market value at $0.03 per share.

On March 8, 2016, the Company issued 64,000 shares of common stock to the CEO and VP of Finance. The issuance of these shares was recorded at grant date fair market value in 2016.

(b) Shares Held in Escrow

In a private placement that closed on December 22, 2009 and January 13, 2010, the Company sold an aggregate of 2,480,500 shares of Series B Preferred Stock and five-year warrants to purchase 992,000 shares of common stock at an exercise price of $1.30 per share, for an aggregate purchase price of $2,976,600. The Company also paid the private placement agent an aggregate of $298,000 and issued five-year warrants to purchase 124,025 shares of common stock at an exercise price of $1.32 per share. In connection with the private placement and pursuant to the transaction agreements, the Company deposited into escrow an aggregate of 1,240,250 shares of common stock, which are to be held in escrow to be returned to the Company or delivered to the investors, depending on whether the Company meets certain financial performance targets for the years ending December 31, 2010 and 2011.

The Company did not meet the financial targets. The number of Escrow Shares payable to each Investor shall be equal to a fraction of the total number of Escrow Shares potentially issuable pursuant to the terms hereof, the numerator of which shall be the amount by which (i) the number of Conversion Shares issued or issuable upon Preferred Shares which was initially issued to the Investor exceeds (ii) the sum of (x) the number of Conversion Shares sold or otherwise transferred by the Investor plus (y) the number of shares of Conversion Shares issued or issuable sold or otherwise transferred by the Investor, and the denominator of which is the number of Conversion Shares issued or issuable by the Company in the Offering. Any Escrow Shares for either Fiscal Year 2011 or Fiscal Year 2010 which are not transferred to the Investors pursuant to this paragraph shall be returned to the Company for cancellation. As of September 30, 2016, no Escrow Shares have been transferred to investors or returned to the Company.

X

- References
No definition available.
+ Details

Name: us-gaap_EquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB Topic 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644
+ Details

Name: us-gaap_StockholdersEquityNoteDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 26 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2

Related Parties
9 Months Ended

Sep. 30, 2016

Related Parties [Abstract]

Related Parties
(9) Related Parties

As of September 30, 2016 and December 31, 2015, $142,877 and $147,083 are due to Mr. Donghai Yu, who is CEO of the Company. These amounts are advances made to the Company by unrelated parties through Mr. Donghai Yu for business operating purposes. The advances are interest free.

As of September 30, 2016 and December 31, 2015, $488,105 and $487,529 are the salary owed to Mr. Donghai Yu, who is CEO of the Company. As of September 30, 2016 and December 31, 2015, $45,000 and $45,000 are the salary owed to Mr. Grace King, who is VP finance of the Company.

X

- References
No definition available.
+ Details

Name: us-gaap_RelatedPartyTransactionsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864
+ Details

Name: us-gaap_RelatedPartyTransactionsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 27 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2

Other Payable
9 Months Ended

Sep. 30, 2016

Other Payable [Abstract]

Other Payable
(10) Other Payable

Other payable amounted $1,248,603 and $1,013,994 as of September 30, 2016 and December 31, 2015, respectively. Other payable are money borrowed from unrelated parties for operating purpose. These payable are without collateral, interest free, and due on demand.

X

- References
No definition available.
+ Details

Name: chgi_OtherPayableAbstract

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Other payable.
+ References
No definition available.
+ Details

Name: chgi_OtherPayableTextBlock

Namespace Prefix: chgi_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 28 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2

Lease Commitment
9 Months Ended

Sep. 30, 2016

Lease Commitment [Abstract]

Lease Commitment
(11) Lease Commitment

Our principal executive office is located in US. The Company leased its corporate address month to month for an annual fee of $1,440.

Royal Shanghai leased an office space in China, the lease term ends on March 31, 2017. The monthly rent is approximately $2,917 (RMB 18,329).

X

- References
No definition available.
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for commitments and contingencies.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=73718637&loc=d3e25287-109308
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 29 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2

Summary of Significant Accounting Policies (Policies)
9 Months Ended

Sep. 30, 2016

Summary of Significant Accounting Policies [Abstract]

Use of estimates
Use of estimates

The preparation of these financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that may affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of net sales and expenses during the reporting period. Some of the significant estimates include values and lives assigned to acquired property, equipment and intangible assets, reserves for customer returns and allowances, uncollectible accounts receivable, slow moving, obsolete and/or damaged inventory and stock warrant valuation. Actual results may differ from these estimates.

Cash and cash equivalents
Cash and cash equivalents

The Company considers all highly liquid debt instruments purchased with maturity periods of six months or less to be cash equivalents. The carrying amounts reported in the accompanying balance sheet for cash and cash equivalents approximate their fair value. Substantially all of the Company’s cash is held in bank accounts in the PRC and is not protected by FDIC insurance or any other similar insurance. The Company’s bank account in the United States is protected by FDIC insurance.

Accounts receivable
Accounts receivable

Trade receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is made when collection of the full amount is no longer probable. Bad debts are written off as incurred. Accounts receivable are recorded at the invoiced amount and do not bear interest. Management reviews the adequacy of the allowance for doubtful accounts on an ongoing basis, using historical collection trends and aging of receivables. Management also periodically evaluates individual customer’s financial condition, credit history, and the current economic conditions to make adjustments in the allowance when it is considered necessary.

Inventory
Inventory

Inventory is stated at the lower of cost or market. The cost of inventories comprises all costs of purchases, costs of conversion and other costs incurred in bringing the inventories to their present location and condition. The costs of conversion of inventories include fixed and variable production overhead, taking into account the stage of completion. Cost is determined using the weighted average method. Market value represents the estimated selling price in the ordinary course of business less the estimated costs necessary to complete the sale. The Company periodically reviews historical sales activity to determine excess, slow moving items and potentially obsolete items and also evaluates the impact of any anticipated changes in future demand. The Company provides inventory allowances based on excess and obsolete inventories determined principally by customer demand. Impairment of inventories is recorded in cost of goods sold.

For the nine months ended September 30, 2016 and 2015, the Company has not made provision for inventory in regards to slow moving or obsolete items.

Goodwill
Goodwill

The Company periodically reviews the carrying value of intangible assets not subject to amortization, including goodwill, to determine whether impairment may exist. Goodwill and certain intangible assets are assessed annually, or when certain triggering events occur, for impairment using fair value measurement techniques. These events could include a significant change in the business climate, legal factors, a decline in operating performance, competition, sale or disposition of a significant portion of the business, or other factors. Specifically, goodwill impairment is determined using a two-step process. The first step of the goodwill impairment test is used to identify potential impairment by comparing the fair value of a reporting unit with its carrying amount, including goodwill. The Company recorded an impairment expense of $0 and $494,540 for the nine months ended September 30, 2016 and 2015, respectively.

Property and equipment
Property and equipment

Property and equipment is stated at the historical cost, less accumulated depreciation. Depreciation on property and equipment is provided using the straight-line method over the estimated useful lives of the assets for both financial and income tax reporting purposes as follows:

Machinery and equipment 5 years
Motor vehicle 5 years

Expenditures for renewals and betterments are capitalized while repairs and maintenance costs are normally charged to the statement of operations in the year in which they are incurred. In situations where it can be clearly demonstrated that the expenditure has resulted in an increase in the future economic benefits expected to be obtained from the use of the asset, the expenditure is capitalized as an additional cost of the asset.

Upon sale or disposal of an asset, the historical cost and related accumulated depreciation or amortization of such asset were removed from their respective accounts and any gain or loss is recorded in the statements of income.

The Company reviews the carrying value of property, plant, and equipment for impairment whenever events and circumstances indicate that the carrying value of an asset may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. In cases where undiscounted expected future cash flows are less than the carrying value, an impairment loss is recognized equal to an amount by which the carrying value exceeds the fair value of assets. The factors considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition and other economic factors. Based on this assessment, no impairment expenses for property, plant, and equipment was recorded in operating expenses during the nine months ended September 30, 2016 and 2015.

Stock-based compensation
Stock-based compensation

Stock-based compensation includes (i) common stock awards granted to employees and directors for services which are accounted for under FASB ASC 718, Compensation–Stock Compensation” and (ii) common stock awards granted to consultants which are accounted for under FASB ASC 505-50, Equity–Equity-Based Payments to Non-Employees.
All grants of common stock awards and stock options to employees and directors are recognized in the financial statements based on their grant date fair values. The Company has elected to recognize compensation expense using the straight-line method for all common stock awards and stock options granted with service conditions that have a graded vesting schedule, with a corresponding charge to additional paid-in capital.

Common stock awards are granted to directors for services provided. The vested portions of common stock awards granted but not yet issued are recorded in common stock to be issued.

Common stock awards issued to consultants represent common stock granted to non-employees in exchange for services at fair value. The measurement dates for such awards are set at the dates that the contracts are entered into as the awards are non-forfeitable and vest immediately. The measurement date fair value is then recognized over the service period as if the Company has paid cash for such service.

The Company estimates fair value of common stock awards based on the number of shares granted and the quoted price of the Company’s common stock on the date of grant.

Foreign currency translation
Foreign currency translation

The reporting currency of the Company is U.S. dollars. The Company uses RMB as its functional currency. The results of operations and cash flows are translated at average exchange rates during the period, and assets and liabilities are translated at the unified exchange rates at the balance sheet dates, and equity is translated at the historical exchange rates. As a result, amounts related to assets and liabilities reported on the statements of cash flows will not necessarily agree with changes in the corresponding accounts on the balance sheets. Translation adjustments resulting from this process are included in accumulated other comprehensive income in the statements of stockholders’ equity. Translation adjustments for the three months ended September 30, 2016 and 2015 were $869 and $(34,912), respectively. Translation adjustments for the nine months ended September 30, 2016 and 2015 were $5,736 and $(34,011), respectively. The cumulative translation adjustment and effect of exchange rate changes on cash for the nine months ended September 30, 2016 and 2015 were $(992) and $(589), respectively. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.

Assets and liabilities were translated at 6.67 RMB and 6.48 RMB to $1.00 at September 30, 2016 and December 31, 2015, respectively. The equity accounts were stated at their historical rates. The average translation rates applied to income statements for the nine months ended September 30, 2016 and 2015 were 6.58 RMB and 6.25 RMB to $1.00, respectively. Cash flows are also translated at average translation rates for the period; therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheet.

Revenue recognition
Revenue recognition

We recognize revenue in accordance with ASC 605-25, Revenue Recognition, which states that revenue should be recognized when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) the service has been rendered; (3) the selling price is fixed or determinable; and (4) collection of the resulting receivable is reasonably assured. Sales represent the invoiced value of goods, net of value added tax (“VAT”), if any, and are recognized upon delivery of goods and passage of title.

In accordance with ASC 605-25, the Company recognizes revenue when persuasive evidence of an arrangement exists, transfer of title has occurred or services have been rendered, the selling price is fixed or determinable and collectability is reasonably assured.

The Company derives revenues from the manufacturing and distribution of graphite based products. The Company recognizes its revenues net of VAT. The Company is subject to VAT, which is levied on a majority of the products, at a rate ranging from 13% to 17% on the invoiced value of sales. Output VAT is borne by customers in addition to the invoiced value of sales and input VAT is borne by the Company in addition to the invoiced value of purchases to the extent not refunded for export sales.

The Company recognizes revenue upon receipt of the delivery confirmation provided by the customer or distributor. The Company does not provide chargeback or price protection rights to the distributors. The distributor only places purchase orders with the Company once it has confirmed the sale with a third party because this is a specialized business, which dictates that the Company will not manufacture the products until the purchase order is received. The Company allows its customers to return products only if its products are later determined by the Company to be defective. Based on the Company’s historical experience, product returns have been insignificant throughout all of its product lines. Therefore, the Company does not estimate deductions or allowances for sales returns. If sales returns occur, they are taken against revenue when products are returned from customers. Sales are presented net of any discounts given to customers. Interest income is recognized when earned. The Company experienced no returns for the nine months ended September 30, 2016 and 2015.

Cost of goods sold
Cost of goods sold

Cost of goods sold consists primarily of the costs of products.

Shipping and handling costs
Shipping and handling costs

The Company follows ASC 605-45, Handling Costs, and Shipping Costs, formerly known as Emerging Issues Task Force No. 00-10, Accounting for Shipping and Handling Fees and Costs. The Company classifies shipping and handling costs paid on behalf of its customers in selling expenses. For the three months ended September 30, 2016 and 2015, shipping and handling costs were $707 and $4,827, respectively. For the nine months ended September 30, 2016 and 2015, shipping and handling costs were $7,672 and $11,118, respectively.

Segment reporting
Segment reporting

ASC 280, Segment Reporting, formerly known as Statement of Financial Accounting Standards No. 131, Disclosure about Segments of an Enterprise and Related Information, requires use of the “management approach” model for segment reporting. Under this model, segment reporting is consistent with the manner that the Company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure or any other manner in which management disaggregates a company.

Because the Company sells only carbon graphite products to Chinese distributors and end users, it has only one business segment.

Taxation
Taxation

Taxation on profits earned in the PRC has been calculated based on the estimated assessable profits for the year at the rates of taxation prevailing in the PRC after taking into account the benefits from any special tax credits or “tax holidays” allowed in the county of operations.

The Company does not accrue U.S. income tax since it has no operations in the United States. Its operating subsidiaries are organized and located in the PRC and do not conduct any business in the United States.

In 2006, the Financial Accounting Standards Board (“FASB”) issued ASC, 740 Income Tax, formerly known as FIN 48, which clarifies the application of SFAS 109 by defining a criterion that an individual income tax position must meet for any part of the benefit of that position to be recognized in an enterprise’s financial statements and provides guidance on measurement, recognition, classification, accounting for interest and penalties, accounting in interim periods, disclosure and transition. In accordance with the transition provisions, the Company adopted FIN 48 effective January 1, 2007.

The Company recognizes that virtually all tax positions in the PRC are not free from some degree of uncertainty due to tax law and policy changes by the state. The Company cannot reasonably quantify political risk factors and thus must depend on guidance issued by current government officials.

Based on all known facts and circumstances and current tax law, the Company believes that the total amount of unrecognized tax benefits as of September 30, 2016 is not material to its results of operations, financial condition or cash flows. The Company also believes that the total amount of unrecognized tax benefits as of September 30, 2016, if recognized, would not have a material effect on its effective tax rate. The Company further believes that there are no tax positions for which it is reasonably possible, based on current Chinese tax law and policy, that the unrecognized tax benefits will significantly increase or decrease over the next twelve months producing, individually or in the aggregate, a material effect on the Company’s results of operations, financial condition or cash flows.

Enterprise income tax
Enterprise income tax

The enterprise income tax is calculated on the basis of the statutory profit as defined in the PRC tax laws. This statutory profit is computed differently than the Company’s net income under U.S. GAAP.

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets, including tax loss and credit carry forwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect of deferred tax assets and liabilities from a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Value added tax
Value added tax

The Provisional Regulations of the PRC Concerning Value Added Tax promulgated by the State Council came into effect on January 1, 1994. Under these regulations and the Implementing Rules of the Provisional Regulations of the PRC Concerning Value Added Tax, value added tax (“VAT”) is imposed on goods sold in or imported into the PRC and on processing, repair and replacement services provided within the PRC.

VAT payable in the PRC is charged on an aggregated basis at a rate of 13% or 17% (depending on the type of goods involved) on the full price collected for the goods sold or, in the case of taxable services provided, at a rate of 17% on the charges for the taxable services provided, but excluding, in respect of both goods and services, any amount paid in respect of VAT included in the price or charges, and less any deductible value added tax already paid by the taxpayer on purchases of goods and services in the same financial year. VAT payable is included in prepaid expenses of $0 and is included in prepaid expenses of $211 as of September 30, 2016 and December 31, 2015, respectively.

Contingent liabilities and contingent assets
Contingent liabilities and contingent assets

A contingent liability is a possible obligation that arises from past events and whose existence will only be confirmed by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company. It can also be a present obligation arising from past events that is not recognized because it is not probable that the Company will incur a liability or obligations as a result. A contingent liability, which might occur but is not probable, is not recorded but is disclosed in the notes to the financial statements. The Company will recognize a liability or obligation when it is probable that the Company will incur such liability or obligation.

A contingent asset is an asset, which could possibly arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain events not wholly within the control of the Company. Contingent assets are not recorded but are disclosed in the notes to the financial statements when it is likely that the Company will recognize an economic benefit. When the benefit is virtually certain, the asset is recognized.

Retirement benefit costs
Retirement benefit costs

According to PRC regulations on pensions, the Company contributes to a defined contribution retirement program organized by the municipal government in the province in which the Company is registered and all qualified employees are eligible to participate in the program. Contributions to the program are calculated at 23.5% of the employees’ salaries above a fixed threshold amount and the employees contribute 2% to 8% while the Company contributes the remaining 15.5% to 21.5%. The Company has no other material obligation for the payment of retirement benefits beyond the annual contributions under this program.

Fair value of financial instruments
Fair value of financial instruments

The Company has adopted ASC Topic 820, Fair Value Measurement and Disclosure, which defines fair value, establishes a framework for measuring fair value in U.S. GAAP, and expands disclosures about fair value measurements. It does not require any new fair value measurements, but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information. It establishes a three-level valuation hierarchy of valuation techniques based on observable and unobservable inputs, which may be used to measure fair value and include the following:

● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.

● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value.

The carrying amount of other receivables, advance to vendors, advances from customers, other payables, accrued liabilities and short-term loans are reasonable estimates of their fair value because of the short-term nature of these items.

Earnings (loss) per share
Earnings (loss) per share

Basic earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Potentially dilutive shares of common stock consist of the common stock issuable upon the conversion of convertible debt, preferred stock and warrants. The Company uses if-converted method to calculate the dilutive preferred stock and treasury stock method to calculate the dilutive shares issuable upon exercise of warrants.
The following table sets forth the computation of the number of net income per share for the nine months ended September 30, 2016 and 2015:

September 30,
2016

September 30,
2015

Weighted average shares of common stock outstanding (basic) 33,869,000 33,670,518
Shares issuable upon conversion of Series B Preferred Stock - -
Weighted average shares of common stock outstanding (diluted) 33,869,000 33,670,518
Net (loss) available to common shareholders $ (165,513 ) $ (677,256 )
Net (loss) per shares of common stock (basic) $ (0.00 ) $ (0.02 )
Net (loss) per shares of common stock (diluted) $ (0.00 ) $ (0.02 )

For the nine months ended September 30, 2016, the Company excluded 300,000 shares of common stock issuable upon conversion of preferred stock, because such issuance would be anti-dilutive.

The following table sets forth the computation of the number of net income per share for the three months ended September 30, 2016 and 2015:

September30,
2016

September30,
2015

Weighted average shares of common stock outstanding (basic) 33,934,518 33,670,518
Shares issuable upon conversion of Series B Preferred Stock - -
Weighted average shares of common stock outstanding (diluted) 33,934,518 33,670,518
Net (loss) available to common shareholders $ (63,601 ) $ (525,190 )
Net (loss) per shares of common stock (basic) $ (0.00 ) $ (0.02 )
Net (loss) per shares of common stock (diluted) $ (0.00 ) $ (0.02 )

For the three months ended September 30, 2016, the Company excluded 300,000 shares of common stock issuable upon conversion of preferred stock, because such issuance would be anti-dilutive.

Accumulated other comprehensive income
Accumulated other comprehensive income

The Company follows ASC 220, Comprehensive Income, formerly known as SFAS No. 130, Reporting Comprehensive Income, to recognize the elements of comprehensive income. Comprehensive income is comprised of net income and all changes to the statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders. For the Company, comprehensive income for the nine months ended September 30, 2016 and 2015 included net income and foreign currency translation adjustments.

Related parties
Related parties

Parties are considered to be related to the Company if the parties that, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. Transactions with related parties are disclosed in the financial statements.

Recent accounting pronouncements
Recent accounting pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements will have a material impact on its financial condition or the results of its operations.

In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. The amendments in the ASU change the criteria for reporting discontinued operations while enhancing disclosures in this area. It also addresses sources of confusion and inconsistent application related to financial reporting of discontinued operations guidance in U.S. GAAP. Under the new guidance, only disposals representing a strategic shift in operations should be presented as discontinued operations. In addition, the new guidance requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. The amendments in the ASU are effective in the first quarter of 2015 for public organizations with calendar year ends. Early adoption is permitted. The Company does not expect the adoption to have a significant impact on its consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from contracts with Customers (Topic 606)”. This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets. This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. The ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition-Construction-Type and Production-Type Contracts. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchanged for those goods or services. The standard is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

In August 2014, the FASB issued the FASB Accounting Standards Update No. 2014-15 “Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”).
In connection with preparing financial statements for each annual and interim reporting period, an entity’s management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or within one year after the date that the financial statements are available to be issued when applicable). Management’s evaluation should be based on relevant conditions and events that are known and reasonably knowable at the date that the financial statements are issued (or at the date that the financial statements are available to be issued when applicable). Substantial doubt about an entity’s ability to continue as a going concern exists when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued (or available to be issued). The term probable is used consistently with its use in Topic 450, Contingencies.

When management identifies conditions or events that raise substantial doubt about an entity’s ability to continue as a going concern, management should consider whether its plans that are intended to mitigate those relevant conditions or events will alleviate the substantial doubt. The mitigating effect of management’s plans should be considered only to the extent that (1) it is probable that the plans will be effectively implemented and, if so, (2) it is probable that the plans will mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern.

If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, but the substantial doubt is alleviated as a result of consideration of management’s plans, the entity should disclose information that enables users of the financial statements to understand all of the following (or refer to similar information disclosed elsewhere in the footnotes):

a. Principal conditions or events that raised substantial doubt about the entity’s ability to continue as a going concern (before consideration of management’s plans)

b. Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations

c. Management’s plans that alleviated substantial doubt about the entity’s ability to continue as a going concern.

If conditions or events raise substantial doubt about an entity’s ability to continue as a going concern, and substantial doubt is not alleviated after consideration of management’s plans, an entity should include a statement in the footnotes indicating that there is substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued (or available to be issued). Additionally, the entity should disclose information that enables users of the financial statements to understand all of the following:

a. Principal conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern

b. Management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations

c. Management’s plans that are intended to mitigate the conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern.

The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted.

Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements.

X

- Definition
Disclosure of accounting policy for related parties.
+ References
No definition available.
+ Details

Name: chgi_RelatedPartiesPolicyTextBlock

Namespace Prefix: chgi_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for taxation.
+ References
No definition available.
+ Details

Name: chgi_TaxationPolicyTextBlock

Namespace Prefix: chgi_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for value added tax.
+ References
No definition available.
+ Details

Name: chgi_ValueAddedTaxPolicyTextBlock

Namespace Prefix: chgi_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 305
-SubTopic 10
-Section 05
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6375392&loc=d3e26790-107797

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4273-108586

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Cash
-URI http://asc.fasb.org/extlink&oid=6506951

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Cash Equivalents
-URI http://asc.fasb.org/extlink&oid=6507016
+ Details

Name: us-gaap_CashAndCashEquivalentsPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for commitments and contingencies, which may include policies for recognizing and measuring loss and gain contingencies.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 450
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6491354&loc=d3e6052-115624

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 450
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6491354&loc=d3e6049-115624

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249
+ Details

Name: us-gaap_CommitmentsAndContingenciesPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for salaries, bonuses, incentive awards, postretirement and postemployment benefits granted to employees, including equity-based arrangements; discloses methodologies for measurement, and the bases for recognizing related assets and liabilities and recognizing and reporting compensation expense.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18726-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b),(f(1))
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901
+ Details

Name: us-gaap_CompensationRelatedCostsPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for comprehensive income.
+ References
No definition available.
+ Details

Name: us-gaap_ComprehensiveIncomePolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for recognition of costs in the period which correspond to the sales and revenue categories presented in the statement of operations. The accounting policy may include the amount and nature of costs incurred, provisions associated with inventories, purchase discounts, freight and other costs included in cost of sales incurred and recorded in the period. This disclosure also includes the nature of costs of sales incurred and recorded in the statement of operations for the period relating to transactions with related parties.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2)
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 50
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68069731&loc=d3e63676-111659

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790
+ Details

Name: us-gaap_CostOfSalesPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790
+ Details

Name: us-gaap_EarningsPerSharePolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for determining the fair value of financial instruments.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13279-108611

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 60
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7493716&loc=d3e21868-110260
+ Details

Name: us-gaap_FairValueOfFinancialInstrumentsPolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450222&loc=d3e30840-110895
+ Details

Name: us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267
+ Details

Name: us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 05
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65884525&loc=d3e40913-109327

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 740
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6491622&loc=d3e9504-115650

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32809-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=75116654&loc=d3e32247-109318

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=75116654&loc=d3e32280-109318
+ Details

Name: us-gaap_IncomeTaxPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=66092785&loc=d3e4492-108314

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=66092785&loc=d3e4556-108314

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766
+ Details

Name: us-gaap_InventoryPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.
+ References
No definition available.
+ Details

Name: us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PropertyPlantAndEquipmentPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(4))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65890831&loc=d3e10133-111534

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(5))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66008989&loc=d3e4975-111524
+ Details

Name: us-gaap_ReceivablesPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18823-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 13.B.Q1)
-URI http://asc.fasb.org/extlink&oid=65893310&loc=d3e214044-122780

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18726-107790
+ Details

Name: us-gaap_RevenueRecognitionPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for segment reporting.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790
+ Details

Name: us-gaap_SegmentReportingPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b),(f)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901
+ Details

Name: us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for the classification of shipping and handling costs, including whether the costs are included in cost of sales or included in other income statement accounts. If shipping and handling fees are significant and are not included in cost of sales, disclosure includes both the amounts of such costs and the line item on the income statement which includes such costs.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Shipping Costs
-URI http://asc.fasb.org/extlink&oid=51575562

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 45
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6408413&loc=d3e221937-122793

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 45
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=68075638&loc=d3e60635-111653

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 45
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=68080631&loc=d3e61069-111654

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Handling Costs
-URI http://asc.fasb.org/extlink&oid=51575068

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18726-107790
+ Details

Name: us-gaap_ShippingAndHandlingCostPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6061-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6143-108592

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6132-108592
+ Details

Name: us-gaap_UseOfEstimates

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 30 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2

Summary of Significant Accounting Policies (Tables)
9 Months Ended

Sep. 30, 2016

Summary of Significant Accounting Policies [Abstract]

Summary of property, plant and equipment estimated useful life

Machinery and equipment 5 years
Motor vehicle 5 years

Schedule of computation of net income per share

September 30,
2016

September 30,
2015

Weighted average shares of common stock outstanding (basic) 33,869,000 33,670,518
Shares issuable upon conversion of Series B Preferred Stock - -
Weighted average shares of common stock outstanding (diluted) 33,869,000 33,670,518
Net (loss) available to common shareholders $ (165,513 ) $ (677,256 )
Net (loss) per shares of common stock (basic) $ (0.00 ) $ (0.02 )
Net (loss) per shares of common stock (diluted) $ (0.00 ) $ (0.02 )

September30,
2016

September30,
2015

Weighted average shares of common stock outstanding (basic) 33,934,518 33,670,518
Shares issuable upon conversion of Series B Preferred Stock - -
Weighted average shares of common stock outstanding (diluted) 33,934,518 33,670,518
Net (loss) available to common shareholders $ (63,601 ) $ (525,190 )
Net (loss) per shares of common stock (basic) $ (0.00 ) $ (0.02 )
Net (loss) per shares of common stock (diluted) $ (0.00 ) $ (0.02 )

X

- Definition
Tabular disclosure for property and equipment estimated useful life.
+ References
No definition available.
+ Details

Name: chgi_PropertyAndEquipmentEstimatedUsefulLifeTableTextBlock

Namespace Prefix: chgi_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 31 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2

Inventories (Tables)
9 Months Ended

Sep. 30, 2016

Inventories [Abstract]

Summary of Inventories

September30,
2016
December 31,
2015
Finished goods $ 3,325 $ 2,386
Reserve for slow moving and obsolete inventory - -
$ 3,325 $ 2,386

X

- References
No definition available.
+ Details

Name: us-gaap_InventoryDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(b))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(c))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_ScheduleOfInventoryCurrentTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 32 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2

Property and Equipment, Net (Tables)
9 Months Ended

Sep. 30, 2016

Plant and Equipment, Net [Abstract]

Summary of plant and equipment, net

September30,
2016
December 31,
2015
Machinery and equipment $ 6,502 $ 5,513
Motor vehicles 41,892 43,125
Total 48,394 48,638
Less: accumulated depreciation (23,869 ) (17,992 )
Plant and Equipment, net $ 24,525 $ 30,646

X

- References
No definition available.
+ Details

Name: us-gaap_PropertyPlantAndEquipmentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PropertyPlantAndEquipmentTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 33 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2

Organization and Business (Details)
9 Months Ended

Sep. 30, 2016

Organization and Business (Textual)

Description of allocation of after tax income by the company law of the PRC applicable to Chinese companies 10% of after tax income to be allocated to a statutory surplus reserve until the reserve amounts to 50% of the company's registered capital.

X

- Definition
Allocation of after tax income by company law.
+ References
No definition available.
+ Details

Name: chgi_AllocationOfAfterTaxIncomeByCompanyLaw

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Organization and Business.
+ References
No definition available.
+ Details

Name: chgi_OrganizationAndBusinessTextualAbstract

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 34 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2

Summary of Significant Accounting Policies (Details)
9 Months Ended

Sep. 30, 2016

Machinery and equipment [Member]

Schedule of estimated useful lives of the assets for financial and income tax reporting purposes

Plant and equipment, Estimated useful life 5 years

Motor vehicle [Member]

Schedule of estimated useful lives of the assets for financial and income tax reporting purposes

Plant and equipment, Estimated useful life 5 years

X

- Definition
Estimated useful lives of the assets for financial and income tax reporting purposes.
+ References
No definition available.
+ Details

Name: chgi_EstimatedUsefulLivesOfAssetsForFinancialAndIncomeTaxReportingPurposesAbstract

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Describes the periods of time over which an entity anticipates to receive utility from its property, plant and equipment (that is, the periods of time over which an entity allocates the initial cost of its property, plant and equipment).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 35
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=68071081&loc=d3e1205-110223
+ Details

Name: us-gaap_PropertyPlantAndEquipmentEstimatedUsefulLives

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_AutomobilesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 35 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2

Summary of Significant Accounting Policies (Details 1) - USD ($)
3 Months Ended 9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Summary of computation of net income per share

Weighted average shares of common stock outstanding (basic) 33,934,518 33,670,518 33,869,000 33,670,518

Shares issuable upon conversion of Series B Preferred Stock

Weighted average shares of common stock outstanding (diluted) 33,934,518 33,670,518 33,869,000 33,670,518

Net (loss) available to common shareholders $ (63,601) $ (525,190) $ (165,513) $ (677,256)

Net (loss) per shares of common stock (basic) $ 0.00 $ (0.02) $ 0.00 $ (0.02)

Net (loss) per shares of common stock (diluted) $ 0.00 $ (0.02) $ 0.00 $ (0.02)

X

- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882
+ Details

Name: us-gaap_EarningsPerShareBasic

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882
+ Details

Name: us-gaap_EarningsPerShareDiluted

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareReconciliationAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible preferred stock using the if-converted method.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 40
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1930-109256
+ Details

Name: us-gaap_IncrementalCommonSharesAttributableToConversionOfPreferredStock

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1377-109256
+ Details

Name: us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1505-109256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421
+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

XML 36 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2

Summary of Significant Accounting Policies (Details Textual)
3 Months Ended 9 Months Ended

Sep. 30, 2016

USD ($)

shares

Sep. 30, 2015

USD ($)

Sep. 30, 2016

USD ($)

Segment

shares

Sep. 30, 2016

CNY (¥)

Segment

shares

Sep. 30, 2015

USD ($)

Sep. 30, 2015

CNY (¥)

Sep. 30, 2016

CNY (¥)

Dec. 31, 2015

USD ($)

Dec. 31, 2015

CNY (¥)

Summary of Significant Accounting Policies (Textual)

Goodwill, impairment expense $ 494,540

Impairment expenses for property, plant, and equipment

Average translation rates applied to income statements (RMB to USD) 1 ¥ 6.58 1.00 ¥ 6.25

Assets and liability translation (RMB to USD) $ 1.00 1.00 ¥ 6.67 $ 1.00 ¥ 6.48

Translation adjustments 869 $ (34,912) 5,736 (34,011)

Shipping and handling costs 707 $ 4,827 $ 7,672 11,118

VAT payable rate, minimum 13.00% 13.00%

VAT payable rate, maximum 17.00% 17.00%

VAT rate on taxable service 17.00% 17.00%

VAT payable (recoverable), included in other payables 0 $ 0 211

Effect of exchange rate for cash $ (992) (589)

Maximum percentage of salary contribute to defined contribution retirement program 23.50% 23.50%

Description of contribution retirement program Contributions to the program are calculated at 23.5% of the employees' salaries above a fixed threshold amount and the employees contribute 2% to 8% while the Company contributes the remaining 15.5% to 21.5%. Contributions to the program are calculated at 23.5% of the employees' salaries above a fixed threshold amount and the employees contribute 2% to 8% while the Company contributes the remaining 15.5% to 21.5%.

Number of business segment | Segment 1 1

Provision for inventory

Impairment loss of inventory

Warrant [Member]

Summary of Significant Accounting Policies (Textual)

Excluded shares of common stock issuable upon exercise | shares 300,000 300,000 300,000

X

- Definition
Asset and liability reporting currency denominated value.
+ References
No definition available.
+ Details

Name: chgi_AssetAndLiabilityReportingCurrencyDenominatedValue

Namespace Prefix: chgi_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Description of contribution retirement program.
+ References
No definition available.
+ Details

Name: chgi_DescriptionOfContributionRetirementProgram

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Foreign Currency Translation, Average Exchange Rate, Income Statement.
+ References
No definition available.
+ Details

Name: chgi_ForeignCurrencyTranslationAverageExchangeRateIncomeStatement

Namespace Prefix: chgi_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of a tangible asset to fair value.
+ References
No definition available.
+ Details

Name: chgi_ImpairmentOfPropertyAndEquipment

Namespace Prefix: chgi_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Inventory impairment.
+ References
No definition available.
+ Details

Name: chgi_InventoryImpairment

Namespace Prefix: chgi_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Summary of Significant Accounting Policies.
+ References
No definition available.
+ Details

Name: chgi_SummaryOfSignificantAccountingPoliciesTextualAbstract

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Value added tax payable rate, maximum.
+ References
No definition available.
+ Details

Name: chgi_ValueAddedTaxPayableRateMaximum

Namespace Prefix: chgi_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Value added tax payable rate, minimum.
+ References
No definition available.
+ Details

Name: chgi_ValueAddedTaxPayableRateMinimum

Namespace Prefix: chgi_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Value added tax, services provide rate.
+ References
No definition available.
+ Details

Name: chgi_ValueAddedTaxServicesProvideRate

Namespace Prefix: chgi_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Maximum percentage of employee gross pay the employee may contribute to a defined contribution plan.
+ References
No definition available.
+ Details

Name: us-gaap_DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 230
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=49171198&loc=d3e33268-110906
+ Details

Name: us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13777-109266

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267
+ Details

Name: us-gaap_GoodwillImpairmentLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of valuation reserve for inventory.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.BB)
-URI http://asc.fasb.org/extlink&oid=27011343&loc=d3e100047-122729

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SX 210.12-09)
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24092-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=68049868&loc=d3e3927-108312
+ Details

Name: us-gaap_InventoryValuationReserves

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.
+ References
No definition available.
+ Details

Name: us-gaap_NumberOfOperatingSegments

Namespace Prefix: us-gaap_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=64808268&loc=d3e32211-110900

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (a-c)
-URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669646-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=64808268&loc=d3e32022-110900

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=64808268&loc=d3e32157-110900
+ Details

Name: us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18780-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 45
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=68080631&loc=d3e61069-111654

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Handling Costs
-URI http://asc.fasb.org/extlink&oid=51575068

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 45
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=68075638&loc=d3e60635-111653

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68058157&loc=d3e18726-107790

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 605
-SubTopic 45
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6408413&loc=d3e221937-122793

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Shipping Costs
-URI http://asc.fasb.org/extlink&oid=51575562
+ Details

Name: us-gaap_ShippingHandlingAndTransportationCosts

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Carrying amount as of the balance sheet date of value added taxes due either from customers arising from sales on credit terms, or as previously overpaid to tax authorities. For classified balance sheets, represents the current amount receivable, that is amounts expected to be collected within one year or the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.8)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_ValueAddedTaxReceivableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareByAntidilutiveSecuritiesAxis=us-gaap_WarrantMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 37 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2

Concentration of Business and Credit Risk (Details)
9 Months Ended

Sep. 30, 2016

Suppliers

Concentration Risk [Line Items]

Percentage of concentration risk 95.00%

Number of suppliers 3

Net sales [Member]

Concentration Risk [Line Items]

Percentage of concentration risk 10.00%

Net sales [Member] | Jinko Solar Technology [Member]

Concentration Risk [Line Items]

Percentage of concentration risk 37.00%

Net sales [Member] | Honglang Carbon Industry Co., [Member]

Concentration Risk [Line Items]

Percentage of concentration risk 38.00%

Net sales [Member] | Nurol Teknoloji Sanayi Ve Madenci [Member]

Concentration Risk [Line Items]

Percentage of concentration risk 15.00%

X

- Definition
Number of suppliers.
+ References
No definition available.
+ Details

Name: chgi_NumberOfSuppliers

Namespace Prefix: chgi_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ConcentrationRiskLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6351-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13531-108611

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=64851502&loc=d3e6404-108592

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=73719730&loc=d3e13537-108611
+ Details

Name: us-gaap_ConcentrationRiskPercentage1

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_ConcentrationRiskByBenchmarkAxis=us-gaap_SalesRevenueNetMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: dei_LegalEntityAxis=chgi_JinkoSolarTechnologyMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: dei_LegalEntityAxis=chgi_HonglangCarbonIndustryCoMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: dei_LegalEntityAxis=chgi_NurolTeknolojiSanayiVeMadenciMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 38 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2

Inventories (Details) - USD ($)

Sep. 30, 2016

Dec. 31, 2015

Schedule of inventories

Finished goods $ 3,325 $ 2,386

Reserve for slow moving and obsolete inventory

Inventories, Total $ 3,325 $ 2,386

X

- Definition
Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(6)(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.BB)
-URI http://asc.fasb.org/extlink&oid=27011343&loc=d3e100047-122729
+ Details

Name: us-gaap_InventoryFinishedGoodsNetOfReserves

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=68049868&loc=d3e3927-108312

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765
+ Details

Name: us-gaap_InventoryNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_InventoryNetAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of valuation reserve for inventory.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.BB)
-URI http://asc.fasb.org/extlink&oid=27011343&loc=d3e100047-122729

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SX 210.12-09)
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24092-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=68049868&loc=d3e3927-108312
+ Details

Name: us-gaap_InventoryValuationReserves

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 39 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2

Inventories (Details Textual) - USD ($)
9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Dec. 31, 2015

Inventories (Textual)

Provision for impairment of inventory

Reserve for slow moving and obsolete inventory

X

- Definition
Inventories.
+ References
No definition available.
+ Details

Name: chgi_InventoriesTextualAbstract

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Inventory impairment.
+ References
No definition available.
+ Details

Name: chgi_InventoryImpairment

Namespace Prefix: chgi_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of valuation reserve for inventory.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.BB)
-URI http://asc.fasb.org/extlink&oid=27011343&loc=d3e100047-122729

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.6(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SX 210.12-09)
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24092-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 330
-SubTopic 10
-Section 35
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=68049868&loc=d3e3927-108312
+ Details

Name: us-gaap_InventoryValuationReserves

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 40 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2

Property and Equipment, Net (Details) - USD ($)

Sep. 30, 2016

Dec. 31, 2015

Property, Plant and Equipment [Line Items]

Total $ 48,394 $ 48,638

Less: accumulated depreciation (23,869) (17,992)

Plant and Equipment, net 24,525 30,646

Machinery and equipment [Member]

Property, Plant and Equipment [Line Items]

Total 6,502 5,513

Motor vehicles [Member]

Property, Plant and Equipment [Line Items]

Total $ 41,892 $ 43,125

X

- Definition
Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.14)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.13)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PropertyPlantAndEquipmentGross

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_PropertyPlantAndEquipmentLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(13))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(14))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(8))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
+ Details

Name: us-gaap_PropertyPlantAndEquipmentNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_MachineryAndEquipmentMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_VehiclesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 41 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2

Property and Equipment, Net (Details Textual) - USD ($)
3 Months Ended 9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Plant and Equipment, Net (Textual)

Depreciation expenses $ 2,139 $ 2,223 $ 6,478 $ 6,715

X

- References
No definition available.
+ Details

Name: chgi_PropertyPlantAndEquipmentNetTextualAbstract

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=66902209&loc=d3e3602-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229
+ Details

Name: us-gaap_Depreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

XML 42 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2

Stockholders' Deficit (Details) - USD ($)
1 Months Ended

Mar. 08, 2016

Jan. 13, 2010

Sep. 30, 2016

Dec. 31, 2015

Jan. 22, 2008

Class of Stock [Line Items]

Preferred stock, shares authorized 300,000 300,000 20,000,000

Authorized capital stock 120,000,000

Preferred stock, par value $ 0.001 $ 0.001 $ 0.001

Common stock, shares authorized 100,000,000 100,000,000 100,000,000

Common stock, par value $ 0.001 $ 0.001 $ 0.001

Number of stock issued for compensation, shares 64,000

Shares price per share $ 0.03

Private placement [Member]

Class of Stock [Line Items]

Shares price per share $ 1.32

Number of shares issued in private placement, shares 124,025

Number of shares deposited in escrow 1,240,250

Private placement [Member] | Warrant [Member]

Class of Stock [Line Items]

Number of shares issued in private placement, shares 992,000

Director [Member]

Class of Stock [Line Items]

Number of stock issued for compensation, shares 200,000

Convertible series B preferred Stock | Private placement [Member]

Class of Stock [Line Items]

Shares price per share $ 1.30

Number of shares issued in private placement, shares 2,480,500

Number of shares issued in private placement $ 2,976,600

Private placement expense $ 298,000

Term of warrant 5 years

X

- Definition
Number of shares of common stock deposited into Escrow.
+ References
No definition available.
+ Details

Name: chgi_NumberOfSharesDepositedInToEscrow

Namespace Prefix: chgi_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Private placement expense.
+ References
No definition available.
+ Details

Name: chgi_PrivatePlacementExpense

Namespace Prefix: chgi_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Term of warrant.
+ References
No definition available.
+ Details

Name: chgi_TermOfWarrant

Namespace Prefix: chgi_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of authorized capital units or capital shares. This element is relevant to issuers of face-amount certificates and registered investment companies.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04.16(a))
-URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e603758-122996
+ Details

Name: us-gaap_CapitalUnitsAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ClassOfStockLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Face amount or stated value per share of common stock.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Amount of consideration received by subsidiary or equity investee in exchange for shares of stock issued or sold. Includes amount of cash received, fair value of noncash assets received, and fair value of liabilities assumed by the investor.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockConsiderationReceivedPerTransaction

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The number of shares issued or sold by the subsidiary or equity method investee per stock transaction.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockPricePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_SubsidiarySaleOfStockAxis=us-gaap_PrivatePlacementMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementEquityComponentsAxis=us-gaap_WarrantMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_TitleOfIndividualAxis=us-gaap_DirectorMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_SeriesBPreferredStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 43 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2

Related Parties (Details) - USD ($)

Sep. 30, 2016

Dec. 31, 2015

Related Parties (Textual)

Amount due to Mr. Donghai Yu (CEO) $ 142,877 $ 147,083

Mr. Donghai [Member]

Related Parties (Textual)

Salary 488,105 487,529

Mr. Grace King [Member]

Related Parties (Textual)

Salary $ 45,000 $ 45,000

X

- References
No definition available.
+ Details

Name: chgi_RelatedPartiesTextualAbstract

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amounts due to recorded owners or owners with a beneficial interest of more than 10 percent of the voting interests or officers of the company, which are due after one year (or one business cycle).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(23))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(17))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(12))
-URI http://asc.fasb.org/extlink&oid=6488278&loc=d3e603758-122996
+ Details

Name: us-gaap_DueToOfficersOrStockholdersNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.15(a))
-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.15(5))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878
+ Details

Name: us-gaap_EmployeeRelatedLiabilitiesCurrentAndNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_ChiefExecutiveOfficerMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_VicePresidentMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 44 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2

Other Payable (Details) - USD ($)

Sep. 30, 2016

Dec. 31, 2015

Other Payable (Textual)

Other payable $ 1,248,603 $ 1,013,994

X

- References
No definition available.
+ Details

Name: chgi_OtherAmountsPayableTextualAbstract

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of long-term notes classified as other, payable within one year or the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherNotesPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 45 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2

Lease Commitment (Details)
9 Months Ended

Sep. 30, 2016

USD ($)

Sep. 30, 2016

CNY (¥)

Lease Commitment (Textual)

Annual fees $ 1,440

Rent expense $ 2,917 ¥ 18,329

Lease expiration date Mar. 31, 2017 Mar. 31, 2017

X

- Definition
Lease commitment textual.
+ References
No definition available.
+ Details

Name: chgi_LeaseCommitmentTextualAbstract

Namespace Prefix: chgi_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ References
No definition available.
+ Details

Name: us-gaap_LeaseAndRentalExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Date which lease or group of leases is set to expire, in CCYY-MM-DD format.
+ References
No definition available.
+ Details

Name: us-gaap_LeaseExpirationDate1

Namespace Prefix: us-gaap_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41499-112717
+ Details

Name: us-gaap_OperatingLeasesRentExpenseNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

EXCEL 46 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 48 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 50 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 35 157 1 false 14 0 false 7 false false R1.htm 001 - Document - Document and Entity Information Sheet http://www.chinacarboninc.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 002 - Statement - Consolidated Balance Sheets Sheet http://www.chinacarboninc.com/role/ConsolidatedBalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 003 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://www.chinacarboninc.com/role/ConsolidatedBalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 004 - Statement - Consolidated Statements of Operations and Comprehensive Loss (Unaudited) Sheet http://www.chinacarboninc.com/role/ConsolidatedStatementsOfOperationsAndComprehensiveLossUnaudited Consolidated Statements of Operations and Comprehensive Loss (Unaudited) Statements 4 false false R5.htm 005 - Statement - Consolidated Statements of Cash Flows (Unaudited) Sheet http://www.chinacarboninc.com/role/ConsolidatedStatementsOfCashFlowsUnaudited Consolidated Statements of Cash Flows (Unaudited) Statements 5 false false R6.htm 006 - Disclosure - Organization and Business Sheet http://www.chinacarboninc.com/role/OrganizationAndBusiness Organization and Business Notes 6 false false R7.htm 007 - Disclosure - Going Concern Sheet http://www.chinacarboninc.com/role/GoingConcern Going Concern Notes 7 false false R8.htm 008 - Disclosure - Basis for Preparation of the Consolidated Financial Statements Sheet http://www.chinacarboninc.com/role/BasisForPreparationOfConsolidatedFinancialStatements Basis for Preparation of the Consolidated Financial Statements Notes 8 false false R9.htm 009 - Disclosure - Summary of Significant Accounting Policies Sheet http://www.chinacarboninc.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 9 false false R10.htm 010 - Disclosure - Concentration of Business and Credit Risk Sheet http://www.chinacarboninc.com/role/ConcentrationOfBusinessAndCreditRisk Concentration of Business and Credit Risk Notes 10 false false R11.htm 011 - Disclosure - Inventories Sheet http://www.chinacarboninc.com/role/Inventories Inventories Notes 11 false false R12.htm 012 - Disclosure - Property and Equipment, Net Sheet http://www.chinacarboninc.com/role/PropertyAndEquipmentNet Property and Equipment, Net Notes 12 false false R13.htm 013 - Disclosure - Stockholders' Deficit Sheet http://www.chinacarboninc.com/role/StockholdersDeficit Stockholders' Deficit Notes 13 false false R14.htm 014 - Disclosure - Related Parties Sheet http://www.chinacarboninc.com/role/RelatedParties Related Parties Notes 14 false false R15.htm 015 - Disclosure - Other Payable Sheet http://www.chinacarboninc.com/role/OtherPayable Other Payable Notes 15 false false R16.htm 016 - Disclosure - Lease Commitment Sheet http://www.chinacarboninc.com/role/LeaseCommitment Lease Commitment Notes 16 false false R17.htm 017 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://www.chinacarboninc.com/role/Summaryofsignificantaccountingpoliciespolicies Summary of Significant Accounting Policies (Policies) Policies http://www.chinacarboninc.com/role/SummaryOfSignificantAccountingPolicies 17 false false R18.htm 018 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://www.chinacarboninc.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://www.chinacarboninc.com/role/SummaryOfSignificantAccountingPolicies 18 false false R19.htm 019 - Disclosure - Inventories (Tables) Sheet http://www.chinacarboninc.com/role/InventoriesTables Inventories (Tables) Tables http://www.chinacarboninc.com/role/Inventories 19 false false R20.htm 020 - Disclosure - Property and Equipment, Net (Tables) Sheet http://www.chinacarboninc.com/role/PropertyAndEquipmentNettables Property and Equipment, Net (Tables) Tables http://www.chinacarboninc.com/role/PropertyAndEquipmentNet 20 false false R21.htm 021 - Disclosure - Organization and Business (Details) Sheet http://www.chinacarboninc.com/role/OrganizationAndBusinessDetails Organization and Business (Details) Details http://www.chinacarboninc.com/role/OrganizationAndBusiness 21 false false R22.htm 022 - Disclosure - Summary of Significant Accounting Policies (Details) Sheet http://www.chinacarboninc.com/role/SummaryOfSignificantAccountingPoliciesDetails Summary of Significant Accounting Policies (Details) Details http://www.chinacarboninc.com/role/SummaryOfSignificantAccountingPoliciesTables 22 false false R23.htm 023 - Disclosure - Summary of Significant Accounting Policies (Details 1) Sheet http://www.chinacarboninc.com/role/SummaryOfSignificantAccountingPoliciesDetails1 Summary of Significant Accounting Policies (Details 1) Details http://www.chinacarboninc.com/role/SummaryOfSignificantAccountingPoliciesTables 23 false false R24.htm 024 - Disclosure - Summary of Significant Accounting Policies (Details Textual) Sheet http://www.chinacarboninc.com/role/SummaryOfSignificantAccountingPoliciesDetailsTextual Summary of Significant Accounting Policies (Details Textual) Details http://www.chinacarboninc.com/role/SummaryOfSignificantAccountingPoliciesTables 24 false false R25.htm 025 - Disclosure - Concentration of Business and Credit Risk (Details) Sheet http://www.chinacarboninc.com/role/ConcentrationOfBusinessAndCreditRiskDetails Concentration of Business and Credit Risk (Details) Details http://www.chinacarboninc.com/role/ConcentrationOfBusinessAndCreditRisk 25 false false R26.htm 026 - Disclosure - Inventories (Details) Sheet http://www.chinacarboninc.com/role/InventoriesDetails Inventories (Details) Details http://www.chinacarboninc.com/role/InventoriesTables 26 false false R27.htm 027 - Disclosure - Inventories (Details Textual) Sheet http://www.chinacarboninc.com/role/InventoriesDetailsTextual Inventories (Details Textual) Details http://www.chinacarboninc.com/role/InventoriesTables 27 false false R28.htm 028 - Disclosure - Property and Equipment, Net (Details) Sheet http://www.chinacarboninc.com/role/PropertyAndEquipmentNetdetails Property and Equipment, Net (Details) Details http://www.chinacarboninc.com/role/PropertyAndEquipmentNettables 28 false false R29.htm 029 - Disclosure - Property and Equipment, Net (Details Textual) Sheet http://www.chinacarboninc.com/role/PropertyAndEquipmentNetdetailstextual Property and Equipment, Net (Details Textual) Details http://www.chinacarboninc.com/role/PropertyAndEquipmentNettables 29 false false R30.htm 030 - Disclosure - Stockholders' Deficit (Details) Sheet http://www.chinacarboninc.com/role/StockholdersDeficitDetails Stockholders' Deficit (Details) Details http://www.chinacarboninc.com/role/StockholdersDeficit 30 false false R31.htm 031 - Disclosure - Related Parties (Details) Sheet http://www.chinacarboninc.com/role/RelatedPartiesDetails Related Parties (Details) Details http://www.chinacarboninc.com/role/RelatedParties 31 false false R32.htm 032 - Disclosure - Other Payable (Details) Sheet http://www.chinacarboninc.com/role/OtherPayabledetails Other Payable (Details) Details http://www.chinacarboninc.com/role/OtherPayable 32 false false R33.htm 033 - Disclosure - Lease Commitment (Details) Sheet http://www.chinacarboninc.com/role/LeaseCommitmentDetails Lease Commitment (Details) Details http://www.chinacarboninc.com/role/LeaseCommitment 33 false false All Reports Book All Reports chgi-20160930.xml chgi-20160930.xsd chgi-20160930_cal.xml chgi-20160930_def.xml chgi-20160930_lab.xml chgi-20160930_pre.xml true true ZIP 52 0001213900-16-018382-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001213900-16-018382-xbrl.zip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end

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2016	Nov. 14, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	China Carbon Graphite Group, Inc.
Entity Central Index Key	0001284450
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		33,670,518

Consolidated Balance Sheets - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 34,018	$ 35,523
Account Receivable	125,533	25,718
Inventories	3,325	2,386
Prepaid expenses		211
Other receivables, net	9,456	42,695
Total current assets	172,332	106,533
Property And Equipment, Net	24,525	30,646
Total Assets	196,857	137,179
Current Liabilities
Accounts payable and accrued expenses	181,293	193,448
Accrued payroll - related party	533,170	532,623
Advance from customers		7,260
Other payables	1,248,603	1,013,994
Due to related parties	142,877	147,083
Dividends payable	55,015	55,015
Total current liabilities	2,160,958	1,949,423
Total Liabilities	2,160,958	1,949,423
Stockholders' Equity (Deficit)
Common stock, $0.001 par value; 100,000,000 shares authorized 33,934,518 and 33,670,518 shares issued and outstanding at September 30, 2016 and December 31, 2015, respectively	33,934	33,670
Additional paid-in capital	48,398,759	48,391,103
Accumulated other comprehensive income	82,714	76,978
Accumulated loss	(50,479,508)	(50,313,995)
Total stockholders' equity (deficit)	(1,964,101)	(1,812,244)
Total Liabilities and Stockholders' Equity (Deficit)	$ 196,857	$ 137,179

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Balance Sheets [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	33,934,518	33,670,518
Common stock, shares outstanding	33,934,518	33,670,518

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statements of Operations and Comprehensive Income [Abstract]
Sales	$ 171,582	$ 117,572	$ 574,522	$ 146,408
Cost of Goods Sold	142,887	70,149	474,477	80,626
Gross Profit	28,695	47,423	100,045	65,782
Operating Expenses
Selling expenses	5,222	9,131	18,212	19,591
General and administrative	104,598	584,106	304,448	781,527
Total operating expenses	109,820	593,237	322,660	801,118
Loss from continuing operations before other income (expense) and income taxes	(81,125)	(545,814)	(222,615)	(735,336)
Other Income (Expense)
Interest expense	(224)	(731)	(560)	(1,707)
Other income (expense), net	17,748	21,355	57,662	59,787
Total other expense (income), net	17,524	20,624	57,102	58,080
Loss from continuing operations before income taxes	(63,601)	(525,190)	(165,513)	(677,256)
Income Tax Expense
Net loss from continuing operations	(63,601)	(525,190)	(165,513)	(677,256)
Discontinued operations, net of income taxes
Net loss	(63,601)	(525,190)	(165,513)	(677,256)
Other Comprehensive Income
Foreign currency translation gain (loss)	869	(34,912)	5,736	(34,011)
Total Comprehensive Loss	$ (62,732)	$ (560,102)	$ (159,777)	$ (711,267)
Basic and diluted loss per share
Continued operations	$ 0.00	$ (0.02)	$ 0.00	$ (0.02)
Discontinued operations	0.00	0.00	0.00	0.00
Net loss per share - basic and diluted	$ 0.00	$ (0.02)	$ 0.00	$ (0.02)
Weighted average common shares outstanding, basic	33,934,518	33,670,518	33,869,000	33,670,518
Weighted average common shares outstanding, diluted	33,934,518	33,670,518	33,869,000	33,670,518

Basis for Preparation of the Consolidated Financial Statements	9 Months Ended
	Sep. 30, 2016
Basis for Preparation of the Consolidated Financial Statements [Abstract]
Basis for Preparation of the Consolidated Financial Statements	(3) Basis for Preparation of the Consolidated Financial Statements Management acknowledges its responsibility for the preparation of the accompanying interim consolidated financial statements which reflect all adjustments, consisting of normal recurring adjustments, considered necessary in its opinion for a fair statement of its consolidated financial position and the results of its operations for the interim period presented. These consolidated financial statements should be read in conjunction with the summary of significant accounting policies and notes to consolidated financial statements included in the Company’s Form 10-K annual report for the year ended December 31, 2015. The consolidated balance sheet as of December 31, 2015 has been derived from the audited financial statements. The results of the nine months ended September 30, 2016 are not necessarily indicative of the results to be expected for the full fiscal year ending December 31, 2016. The accompanying unaudited consolidated financial statements for China Carbon Graphite Group, Inc. and its subsidiaries and variable interest entity, have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. The Company maintains its books and accounting records in Renminbi (“RMB”), but its reporting currency is U.S. dollars. The financial statements have been prepared in order to present the financial position and results of operations of the Company and its subsidiaries whose financial condition consolidated with the Company pursuant to ASC Topic 810-10, Consolidation, in accordance with U.S. GAAP. All significant intercompany accounts and transactions have been eliminated.

Concentration of Business and Credit Risk	9 Months Ended
Concentration of Business and Credit Risk	Sep. 30, 2016
Concentration of Business and Credit Risk [Abstract]
Concentration of Business and Credit Risk	(5) Concentration of Business and Credit Risk Most of the Company’s bank accounts are in banks located in the PRC and are not covered by any type of protection similar to that provided by the Federal Deposit Insurance Corporation (“FDIC”) on funds held in U.S. banks. The Company’s bank account in the United States is covered by FDIC insurance. Because the Company’s operations are located in the PRC, this may give rise to significant foreign currency risks due to fluctuations in and the volatility of foreign exchange rates between U.S. dollars and RMB. Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash, trade accounts receivables and inventories, the balances of which are stated on the balance sheet. The Company places its cash in banks located in China. Concentration of credit risk with respect to trade accounts receivables is limited due to the diversity of the Company’s customers who are located in different regions of China. The Company does not require collateral or other security to support financial instruments subject to credit risk. Sales to certain customers generated over 10% of the Company’s total net sales. Sales to Jinko Solar Technology SDN. BHD, for the nine months ended September 30, 2016 were approximately 37% of the Company’s net sales. Sales to Honglang Carbon Industry Co., Ltd for the nine months ended September 30, 2016 were approximately 38% of the Company’s net sales. Sales to Nurol Teknoloji Sanayi Ve Madenci for the nine months ended September 30, 2016 were approximately 15% of the Company’s net sales. For the nine months ended September 30, 2016, three suppliers accounted for approximately 95% of total purchases.

Related Parties	9 Months Ended
Related Parties	Sep. 30, 2016
Related Parties [Abstract]
Related Parties	(9) Related Parties As of September 30, 2016 and December 31, 2015, $142,877 and $147,083 are due to Mr. Donghai Yu, who is CEO of the Company. These amounts are advances made to the Company by unrelated parties through Mr. Donghai Yu for business operating purposes. The advances are interest free. As of September 30, 2016 and December 31, 2015, $488,105 and $487,529 are the salary owed to Mr. Donghai Yu, who is CEO of the Company. As of September 30, 2016 and December 31, 2015, $45,000 and $45,000 are the salary owed to Mr. Grace King, who is VP finance of the Company.

Other Payable	9 Months Ended
Other Payable	Sep. 30, 2016
Other Payable [Abstract]
Other Payable	(10) Other Payable Other payable amounted $1,248,603 and $1,013,994 as of September 30, 2016 and December 31, 2015, respectively. Other payable are money borrowed from unrelated parties for operating purpose. These payable are without collateral, interest free, and due on demand.

Lease Commitment	9 Months Ended
Lease Commitment	Sep. 30, 2016
Lease Commitment [Abstract]
Lease Commitment	(11) Lease Commitment Our principal executive office is located in US. The Company leased its corporate address month to month for an annual fee of $1,440. Royal Shanghai leased an office space in China, the lease term ends on March 31, 2017. The monthly rent is approximately $2,917 (RMB 18,329).

Organization and Business (Details)	9 Months Ended
Organization and Business (Details)	Sep. 30, 2016
Organization and Business (Textual)
Description of allocation of after tax income by the company law of the PRC applicable to Chinese companies	10% of after tax income to be allocated to a statutory surplus reserve until the reserve amounts to 50% of the company's registered capital.

Summary of Significant Accounting Policies (Details)	9 Months Ended
Summary of Significant Accounting Policies (Details)	Sep. 30, 2016
Machinery and equipment [Member]
Schedule of estimated useful lives of the assets for financial and income tax reporting purposes
Plant and equipment, Estimated useful life	5 years
Motor vehicle [Member]
Schedule of estimated useful lives of the assets for financial and income tax reporting purposes
Plant and equipment, Estimated useful life	5 years

Summary of Significant Accounting Policies (Details Textual)	3 Months Ended		9 Months Ended
	Sep. 30, 2016 USD ($) shares	Sep. 30, 2015 USD ($)	Sep. 30, 2016 USD ($) Segment shares	Sep. 30, 2016 CNY (¥) Segment shares	Sep. 30, 2015 USD ($)	Sep. 30, 2015 CNY (¥)	Sep. 30, 2016 CNY (¥)	Dec. 31, 2015 USD ($)	Dec. 31, 2015 CNY (¥)
Summary of Significant Accounting Policies (Textual)
Goodwill, impairment expense					$ 494,540
Impairment expenses for property, plant, and equipment
Average translation rates applied to income statements (RMB to USD)			1	¥ 6.58	1.00	¥ 6.25
Assets and liability translation (RMB to USD)	$ 1.00		1.00				¥ 6.67	$ 1.00	¥ 6.48
Translation adjustments	869	$ (34,912)	5,736		(34,011)
Shipping and handling costs	707	$ 4,827	$ 7,672		11,118
VAT payable rate, minimum			13.00%	13.00%
VAT payable rate, maximum			17.00%	17.00%
VAT rate on taxable service			17.00%	17.00%
VAT payable (recoverable), included in other payables	0		$ 0					211
Effect of exchange rate for cash			$ (992)		(589)
Maximum percentage of salary contribute to defined contribution retirement program			23.50%	23.50%
Description of contribution retirement program			Contributions to the program are calculated at 23.5% of the employees' salaries above a fixed threshold amount and the employees contribute 2% to 8% while the Company contributes the remaining 15.5% to 21.5%.	Contributions to the program are calculated at 23.5% of the employees' salaries above a fixed threshold amount and the employees contribute 2% to 8% while the Company contributes the remaining 15.5% to 21.5%.
Number of business segment \| Segment			1	1
Provision for inventory
Impairment loss of inventory
Warrant [Member]
Summary of Significant Accounting Policies (Textual)
Excluded shares of common stock issuable upon exercise \| shares	300,000		300,000	300,000

Concentration of Business and Credit Risk (Details)	9 Months Ended
Concentration of Business and Credit Risk (Details)	Sep. 30, 2016 Suppliers
Concentration Risk [Line Items]
Percentage of concentration risk	95.00%
Number of suppliers	3
Net sales [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	10.00%
Net sales [Member] \| Jinko Solar Technology [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	37.00%
Net sales [Member] \| Honglang Carbon Industry Co., [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	38.00%
Net sales [Member] \| Nurol Teknoloji Sanayi Ve Madenci [Member]
Concentration Risk [Line Items]
Percentage of concentration risk	15.00%

Inventories (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Schedule of inventories
Finished goods	$ 3,325	$ 2,386
Reserve for slow moving and obsolete inventory
Inventories, Total	$ 3,325	$ 2,386

Inventories (Details Textual) - USD ($)	9 Months Ended
Inventories (Details Textual) - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Inventories (Textual)
Provision for impairment of inventory
Reserve for slow moving and obsolete inventory

Property and Equipment, Net (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Total	$ 48,394	$ 48,638
Less: accumulated depreciation	(23,869)	(17,992)
Plant and Equipment, net	24,525	30,646
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Total	6,502	5,513
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Total	$ 41,892	$ 43,125

Property and Equipment, Net (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
Property and Equipment, Net (Details Textual) - USD ($)	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Plant and Equipment, Net (Textual)
Depreciation expenses	$ 2,139	$ 2,223	$ 6,478	$ 6,715

Stockholders' Deficit (Details) - USD ($)		1 Months Ended
Stockholders' Deficit (Details) - USD ($)	Mar. 08, 2016	Jan. 13, 2010	Sep. 30, 2016	Dec. 31, 2015	Jan. 22, 2008
Class of Stock [Line Items]
Preferred stock, shares authorized			300,000	300,000	20,000,000
Authorized capital stock					120,000,000
Preferred stock, par value			$ 0.001	$ 0.001	$ 0.001
Common stock, shares authorized			100,000,000	100,000,000	100,000,000
Common stock, par value			$ 0.001	$ 0.001	$ 0.001
Number of stock issued for compensation, shares	64,000
Shares price per share	$ 0.03
Private placement [Member]
Class of Stock [Line Items]
Shares price per share		$ 1.32
Number of shares issued in private placement, shares		124,025
Number of shares deposited in escrow		1,240,250
Private placement [Member] \| Warrant [Member]
Class of Stock [Line Items]
Number of shares issued in private placement, shares		992,000
Director [Member]
Class of Stock [Line Items]
Number of stock issued for compensation, shares	200,000
Convertible series B preferred Stock \| Private placement [Member]
Class of Stock [Line Items]
Shares price per share		$ 1.30
Number of shares issued in private placement, shares		2,480,500
Number of shares issued in private placement		$ 2,976,600
Private placement expense		$ 298,000
Term of warrant		5 years

Related Parties (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Related Parties (Textual)
Amount due to Mr. Donghai Yu (CEO)	$ 142,877	$ 147,083
Mr. Donghai [Member]
Related Parties (Textual)
Salary	488,105	487,529
Mr. Grace King [Member]
Related Parties (Textual)
Salary	$ 45,000	$ 45,000

Other Payable (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Other Payable (Textual)
Other payable	$ 1,248,603	$ 1,013,994

Lease Commitment (Details)	9 Months Ended
Lease Commitment (Details)	Sep. 30, 2016 USD ($)	Sep. 30, 2016 CNY (¥)
Lease Commitment (Textual)
Annual fees	$ 1,440
Rent expense	$ 2,917	¥ 18,329
Lease expiration date	Mar. 31, 2017	Mar. 31, 2017