0001493152-16-014925.txt : 20161114 0001493152-16-014925.hdr.sgml : 20161111 20161114163951 ACCESSION NUMBER: 0001493152-16-014925 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 65 CONFORMED PERIOD OF REPORT: 20160630 FILED AS OF DATE: 20161114 DATE AS OF CHANGE: 20161114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Image Chain Group Limited, Inc. CENTRAL INDEX KEY: 0001598924 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812] IRS NUMBER: 464333787 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-55326 FILM NUMBER: 161995435 BUSINESS ADDRESS: STREET 1: UNIT 07, 15F CONVENTION PLAZA STREET 2: OFFICE TOWER 1 HARBOUR RD CITY: WAN CHAI, HONG KONG STATE: F4 ZIP: 00000 BUSINESS PHONE: (852) 3188-2700 MAIL ADDRESS: STREET 1: UNIT 07, 15F CONVENTION PLAZA STREET 2: OFFICE TOWER 1 HARBOUR RD CITY: WAN CHAI, HONG KONG STATE: F4 ZIP: 00000 FORMER COMPANY: FORMER CONFORMED NAME: Have Gun Will Travel Entertainment, Inc. DATE OF NAME CHANGE: 20140203 10-Q 1 form10-q.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 10-Q

 

(Mark One)

 

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For Quarterly Period Ended June 30, 2016

 

or

 

[  ] TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the Transition period from _______________ to ______________

 

Commission File Number: 000-1554594

 

  IMAGE CHAIN GROUP LIMITED, INC.  
  (Exact name of registrant as specified in its charter)  

 

NEVADA   46-4333787
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer
Identification No.)

 

Unit 503, 5F, New East Ocean Centre, 9 Science Museum Road,

Kowloon, Hong Kong, China

(Address of principal executive offices) (Zip Code)

 

(852) 3188-2700

Registrant’s telephone number, including area code

 

 

(Former name, former address and former fiscal year, if changed since last report)

 

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 [X] 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 [X] 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 definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check One).

 

Large accelerated filer [  ]   Accelerated filer [  ]
Non-accelerated filer [  ]   Smaller reporting company [X]
(Do not check if a 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 [X]

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date.

 

As of October 26, 2016, the number of shares outstanding of the registrant’s class of common stock was 395,000,000.

 

 

 

   
 

 

TABLE OF CONTENT

 

    Pages
     
PART I. FINANCIAL INFORMATION  
     
Item 1. Financial Statements 3
     
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 5
     
Item 3. Quantitative and Qualitative Disclosures About Market Risk 8
     
Item 4. Controls and Procedures 8
     
PART II OTHER INFORMATION  
     
Item 1. Legal Proceedings 9
     
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 9
     
Item 3. Defaults Upon Senior Securities 9
     
Item 4. Mine Safety Disclosures 9
     
Item 5. Other Information 9
     
Item 6. Exhibits 9
     
SIGNATURES 10

 

 2 
 

 

PART I. FINANCIAL INFORMATION

 

Item 1. Financial Statements

 

IMAGE CHAIN GROUP LIMITED, INC.

 

UNaudited Consolidated Financial statements

 

AS OF JUNE 30, 2016 AND December 31, 2015

 

(STATED IN U.S. DOLLARS)

 

 3 
 

 

IMAGE CHAIN GROUP LIMITED, INC.

 

CONTENTS PAGES
   

REPORT OF REGISTERED INDEPENDENT PUBLIC ACCOUNTING FIRM

F-1
   
CONSOLIDATED CONDENSED Balance Sheets F-2
   
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE income F-3
   
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS F-4
   
Notes to CONSOLIDATED financial statements F-5

 

 4 
 

 

REPORT OF REGISTERED INDEPENDENT PUBLIC ACCOUNTING FIRM

 

To: The Board of Directors and Stockholders of
  Image Chain Group Limited, Inc.

 

We have reviewed the accompanying interim consolidated balance sheets of Image Chain Group Limited, Inc. (the “Company”) as of June 30, 2016 and December 31, 2015, and the related statements of operations and comprehensive loss and the statements of cash flows for the six month periods ended June 30, 2016 and 2015. These interim consolidated financial statements are the responsibility of the Company’s management.

 

We conducted our review in accordance with the standards of the Public Company Accounting Oversight Board (United States). A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with the standards of the Public Company Accounting Oversight Board, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

 

Based on our review, we are not aware of any material modifications that should be made to the accompanying interim consolidated financial statements for them to be in conformity with accounting principles generally accepted in the United States of America.

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 3 to the financial statements, the Company had incurred substantial losses in previous years and has a working capital deficit, which raises substantial doubt about its ability to continue as a going concern. Management’s plans in regards to these matters are also described in Note 3. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 

San Mateo, California WWC, P.C.
November 10, 2016 Certified Public Accountants

 

 F-1 
 

 

IMAGE CHAIN GROUP LIMITED, INC.

CONSOLIDATED CONDENSED BALANCE SHEETS

AS OF JUNE 30, 2016 AND DECEMBER 31, 2015

 

   June 30, 2016   December 31, 2015 
       (Audited) 
ASSETS          
Current assets          
Cash and cash equivalents  $65,908   $78,753 
Accounts receivable, net   10,781    10,389 
Advanced to suppliers   480,061    680,178 
Inventories   716,163    447,972 
Refundable deposits   -    48,920 
Other receivables, net   2,451,877    2,468,538 
Related party receivable   60,800    250,303 
Prepaid tax   11,767    55 
Total current assets  $3,797,357   $3,985,108 
           
Non-current assets          
Property, plant and equipment, net   216,404    232,180 
TOTAL ASSETS  $4,013,761   $4,217,288 
           
LIABILITIES AND STOCKHOLDERS’ EQUITY          
           
COMMITMENTS AND CONTINGENCIES          
           
Current liabilities          
Accounts payable   369,712    491,643 
Tax payable   527    1,730 
Other payables   354,367    372,374 
Accrued liabilities   374,415    387,927 
Related party payable   78,786    68,665 
Customer advance   1,537,847    1,563,798 
TOTAL LIABILITIES  $2,715,654   $2,886,137 
           
STOCKHOLDERS’ EQUITY          
Preferred Stock, $0.001 par value, 5,000,000 shares authorized, issued and outstanding as of June 30, 2016 and December 31, 2015, respectively   5,000    5,000 
Common stock, US$0.001 par value, 400,000,000 shares authorized, 395,000,000 and 70,000,000 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively   395,000    395,000 
Additional paid in capital   67,036,674    67,036,674 
Subscription receivable   (59,160,283)   (59,464,013)
Accumulated deficit   (7,102,209)   (6,718,613)
Accumulated other comprehensive income   123,925    77,103 
TOTAL STOCKHOLDERS’ EQUITY   1,298,107    1,331,151 
           
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY  $4,013,761   $4,217,288 

 

 F-2 
 

 

IMAGE CHAIN GROUP LIMITED, INC.

CONSOLIDATED STATEMENTS OF OPERATIOnS

AND COMPREHENSIVE (LOSS)/INCOME

FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2015

 

   For the six months ended
June 30,
 
   2016   2015 
Sales, net  $298,501   $222,893 
Cost of sales   149,475    87,727 
Gross profit/(loss)   149,026    135,166 
           
Operating expenses:          
Selling, general and administrative expenses   532,843    5,083,114 
Total operating expenses   532,843    5,083,114 
           
Loss from operations   (383,817)   (4,947,948)
           
Other income (expense):          
Interest income   2    107 
Other income   226    9,030 
    228    9,137 
           
Loss before income taxes   (383,589)   (4,938,811)
           
Provision for income tax   9    - 
           
Net loss  $(383,598)  $(4,938,811)
           
Other comprehensive income:          
Foreign currency translation adjustment gain/(loss)   46,822    (26,904)
           
Comprehensive loss  $(336,776)  $(4,965,715)
           
Net loss per share          
Basic  $-   $(0.05)
Diluted  $-   $(0.05)
           
Weighted average number of common shares outstanding          
Basic   395,000,000    104,356,556 
Diluted   395,000,000    104,356,556 

 

 F-3 
 

 

IMAGE CHAIN GROUP LIMITED, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2015

 

   For the six months ended
June 30,
 
   2016   2015 
CASH FLOWS USED IN OPERATING ACTIVITIES          
Net loss  $(383,598)  $(4,938,811)
Adjustments to reconcile net income to net cash provided by operating activities:          
Stock compensation   -    4,681,819 
Depreciation   16,298    13,385 
           
Changes in operating assets and liabilities:          
Decrease/(increase) in accounts receivable   (443,215)   12,819 
Decrease in advance to suppliers   200,117    13,974 
Increase in inventories   (268,191)   (406,847)
Decrease/(increase) in refundable deposit   48,920    (47,710)
Decrease/(increase) in other receivable   459,484    (1,889,483)
Decrease/(increase) in related party receivable   189,503    (462,121)
Increase in prepaid taxes   (11,712)   - 
(Decrease)/increase in accounts payable   (121,931)   58,016 
(Decrease)/increase in taxes payable   (1,203)   3,327 
(Decrease)/increase in other payables   (18,007)   (461,902)
(Decrease)/increase in accrued liabilities   (13,512)   387,461 
Decrease in related party payable   10,122    396,326 
(Decrease)/increase in customer advances   (25,950)   731,093 
Net cash (used in) /provided by in operating activities   (362,875)   (1,908,654)
           
CASH FLOWS USED IN FROM INVESTING ACTIVITIES          
Purchase of property, plant and equipment   (522)   (201,718)
Net cash used in investing activities   (522)   (201,718)
           
CASH FLOWS FROM FINANCING ACTIVITIES          
Proceeds from stock issuance   -    2,449,160 
Reduction in subscription receivable from receipt of proceeds   303,730    - 
Net cash provided by financing activities   303,730    2,449,160 
           
Effect of exchange rate changes on cash and cash equivalents   46,822    (81,420)
           
Net decrease in cash and cash equivalents   (12,845)   257,368 
           
Cash and cash equivalents, beginning balance   78,753    70,107 
Cash and cash equivalents, ending balance  $65,908   $327,475 
           
SUPPLEMENTAL DISCLOSURES:          
Interest received  $1   $107 
Interest paid  $-   $- 
Income tax paid  $-   $- 

 

 F-4 
 

 

IMAGE CHAIN GROUP LIMITED, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

 

Business

 

Image Chain Group Limited, Inc. (formerly Have Gun Will Travel Entertainment, Inc.) (“ICGL” or the “Company”) was incorporated under the laws of Nevada on December 18, 2013. From inception through the date of the Share Exchange as defined below, the Company was an emerging forward-thinking full-service television pre-production company dedicated to the creation of original concepts and programming with a bold and innovative edge in the reality television space for sale, option and licensure to independent producers, cable television networks, syndication companies, and other entities. On June 11, 2015, the Company amended its Articles of Incorporation with the State of Nevada in order to change its name to Image Chain Group Limited, Inc. and to increase the authorized shares of common stock from 70,000,000 to 400,000,000 (the “Amendments”). The name change was undertaken in order to more closely align with the operations of the Company’s wholly-owned subsidiary, Fortune Delight Holdings Group Ltd (“FDHG”). The increase in authorized shares was undertaken to allow the Company to utilize the newly available shares to raise capital. The board of directors and the stockholders of the Company approved the Amendments on May 8, 2015.

 

FDHG, through its wholly-owned operating subsidiaries, is in the business of promoting and distributing its own branded teas that are grown, harvested, cured, and packaged in the People’s Republic of China (“PRC”). The Company’s headquarters is located in Guangzhou, Guangdong Province, PRC. Currently, the Company’s products are sold in the PRC for domestic consumption.

 

Share Exchange

 

On May 5, 2015, ICGL entered into a share exchange agreement (the “Exchange Agreement”) with FDHG and Wu Jun Rui, on behalf of himself and certain other individuals who were to receive shares of ICGL pursuant to the Exchange Agreement (the “Shareholders”). On the terms and subject to the conditions set forth in the Exchange Agreement, on May 5, 2015, Wu Jun Rui transferred all 50,000 shares of FDHG common stock, consisting of all of the issued and outstanding shares of FDHG, to ICGL in exchange for the issuance to the shareholders of 59,620,000 shares of the Company’s common stock, par value $.001 per share and 5,000,000 shares of the Company’s preferred stock, par value $.001 per share. The preferred stock is not convertible nor mandatorily redeemable; it does not pay dividends or carrying any voting rights but is entitled to liquidation preference.

 

As a result of the closing of the Exchange Agreement, FDHG became the Company’s wholly owned subsidiary. FDHG is an investment holding company incorporated and domiciled in the British Virgin Islands. FDHG wholly owns Silver Channel Industrial Limited, a limited company incorporated, registered, and domiciled in Hong Kong.

 

The securities purchase agreement transaction is referred to hereafter as the “reverse-merger transaction.” The share exchange transaction has been accounted for as a recapitalization of ICGL where ICGL (the legal acquirer) is considered the accounting acquiree and FDHG (the legal acquiree) is considered the accounting acquirer. As a result of this transaction, ICGL is deemed to be a continuation of the business of FDHG.

 

Accordingly, the accompanying consolidated financial statements are those of the accounting acquirer, FDHG. The historical stockholders’ equity of the accounting acquirer prior to the share exchange has been retroactively restated as if the share exchange transaction occurred as of the beginning of the first period presented.

 

 F-5 
 

 

Organization History of Silver Channel Industrial Limited and its subsidiaries

 

On January 28, 2011, Silver Channel incorporated Heyuan Image Equipment Import Export Co., Ltd. (“Heyuan Image”) as a wholly foreign owned enterprise (“WFOE”) registered in Heyuan City, Guangdong Province, PRC. Heyuan Image was dormant for the six months ended and year ended June 30, 2016 and December 31, 2015. Heyuan Image is wholly owned by Silver Channel. Heyuan Image has a registered capital of HKD 4,000,000 of which HKD 3,380,000 has been paid up.

 

On August 18, 2014, the Company, through its subsidiary Heyuan Image, acquired 100% equity of Guangzhou Image Agricultural Technology Co., Ltd. (“Guangzhou Image”). Guangzhou Image is a limited liability company registered in Guangzhou City, Guangdong Province, PRC. Guangzhou Image has not yet engaged in operating activities since its incorporation. Guangzhou Image is wholly owned by Heyuan Image. Guangzhou Image has a registered capital of RMB 10 million of which is still outstanding.

 

On February 16, 2015, Guangzhou Image entered into an equity transfer agreement with all the shareholders of Yunnan Image Tea Industry Co., Ltd. (“Yunnan Image”). Guangzhou Image paid RMB 3,000,000 to all the shareholders of Yunnan Image for 100% equity interest in Yunnan Image. Yunnan Image is a limited liability company registered in Xishuangbanna, Yunnan Province PRC. Yunnan Image was incorporated on August 23, 2013. Yunnan Image is the primary operating entity to carry out the Company’s core business activities of selling and marketing its own branded teas. Yunnan Image is wholly-owned by Guangzhou Image. Yunnan Image has a registered capital of RMB 3 million. The capital has been paid up in its entirety.

 

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

  (a) Method of Accounting

 

The Company maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America (“US GAAP”) and have been consistently applied in the presentation of financial statements.

 

  (b) Basis of Presentation

 

The accompanying consolidated financial statements have been prepared in conformity with US GAAP.

 

  (c) Principles of Consolidation

 

The consolidated financial statements include the accounts of the Company, its subsidiaries for which the Company is the primary beneficiary. All significant inter-company accounts and transactions have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of those wholly-owned subsidiaries.

 

As of June 30, 2016, the detailed identities of the consolidating subsidiaries are as follows:

 

Name of company  Place of incorporation  Attributable equity interest%   Registered
capital
 
Fortune Delight Holdings Group Limited  British Virgin Islands   100%  $50,000 
Silver Channel Industrial Limited  Hong Kong   100%   - 
Heyuan Image Equipment Import Export Co., Ltd.  P.R.C.   100%   515,849 
Guangzhou Image Agricultural Technology Co., Ltd.  P.R.C.   100%   1,636,902 
Yunnan Image Tea Industry Co., Ltd.  P.R.C.   100%   491,071 

 

 F-6 
 

 

  (d) Economic and Political Risks

 

The Company’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic, legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, restriction on international remittances, and rates and methods of taxation, among other things.

 

  (e) Use of Estimates

 

In preparing financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting years. These accounts and estimates include, but are not limited to, the estimation on useful lives of property, plant and equipment. Actual results could differ from those estimates.

 

  (f) Cash and Cash Equivalents

 

Cash and cash equivalents include cash in hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less. As of June 30, 2016, cash and cash equivalents were mainly denominated in HKD and were placed with banks in Hong Kong. Cash and cash equivalents denominated in RMB may not be freely convertible into foreign currencies and the remittance of these funds out of the PRC may be subjected to exchange control restrictions imposed by the PRC government.

 

  (g) Accounts Receivable

 

The Company maintains allowances for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these allowances. Terms of sales vary. Allowances are recorded primarily on a specific identification basis.

 

As of June 30, 2016, no provision for allowance for doubtful accounts was provided.

 

  (h) Other Receivables

 

Other receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is made when recovery of the full amount is doubtful.

 

  (i) Inventories

 

Inventories are stated at the lower of cost or market value. Cost is computed using the first-in, first-out method and includes all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. Market value is determined by reference to the sales proceeds of items sold in the ordinary course of business or estimates based on prevailing market conditions.

 

  (j) Property, Plant and Equipment

 

Property and equipment are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives of:

 

Building 20 years
Computer 3 years
Motor vehicles 4 years

 

 F-7 
 

 

  (k) Accounting for Impairment of Long-Lived Assets

 

The Company adopts Accounting Standards Codification (“ASC”) 360, “Accounting for the Impairment or Disposal of Long-Live Assets”, which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 360 which requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets.

 

The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. It is reasonably possible that these assets could become impaired as a result of technology or other industry changes. Recoverability of assets to be held and used is determined by comparing the carrying amount of an asset to future net undiscounted cash flows to be generated by the assets.

 

If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. During the reporting periods, there was no impairment loss.

 

  (l) Customer Advances

 

Customer advance was received from customers in connection with orders of products to be delivered in future periods.

 

  (m) Revenue Recognition

 

The Company’s revenue recognition policies are in compliance with Staff Accounting Bulletin (“SAB”) 104, included in the Codification as ASC 605, Revenue Recognition. Sales revenue is recognized at the date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue.

 

The Company does not allow its customers to return products. The Company’s customers can exchange products only if they are damaged in transportation.

 

Revenue reported is net of value added tax.

 

  (n) Cost of Sales

 

The Company’s cost of sales is comprised of the inbound acquisition cost of packaged finished goods for resale, inbound shipping, value added tax and business taxes recognized upon sales of goods.

 

  (o) Selling Expenses

 

Selling expenses are comprised of salaries for the sales force, client entertainment, commissions, advertising, and travel and lodging expenses.

 

 F-8 
 

 

  (p) General & Administrative Expenses

 

General and administrative expenses include executive compensation, general overhead such as the finance department and administrative staff, depreciation, office rental and utilities.

 

  (q) Foreign Currency Translation

 

The Company maintains its financial statements in the functional currencies on Chinese Renminbi (RMB) and Hong Kong Dollars (“HKD”). Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchanges rates prevailing at the dates of the transaction. Exchange gains or losses arising from foreign currency transactions are included in the determination of net income for the respective periods.

 

For financial reporting purposes, the financial statements of the Company, which are prepared using the functional currency, have been translated into United States dollars. Assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated at the average exchange rates and stockholders’ equity is translated at historical exchange rates. Translation adjustments are not included in determining net loss but are included in foreign exchange adjustment to other comprehensive loss, a component of stockholders’ equity.

 

Exchange Rates  6/30/2016   12/31/2015   6/30/2015 
Period/Year end RMB : US$ exchange rate   6.6433    6.4907    6.0888 
Average period/year RMB : US$ exchange rate   6.5353    6.2175    6.1128 
                
Period/Year end HKD : US$ exchange rate   7.7563    7.7504    7.7522 
Average period/year HKD : US$ exchange rate   7.7646    7.7521    7.7535 

 

RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation. The HKD is freely convertible into other foreign currencies.

 

  (r) Income Taxes

 

The Company adopts SFAS No. 109, Accounting for Income Taxes, included in the Codification as ASC 740, Income Taxes, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

 

On January 1, 2007, The Company adopted the provisions of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (“FIN 48”), included in the Codification as ASC 740, Income Taxes. The topic addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.

 

 F-9 
 

 

  (s) Statutory Reserve

 

Statutory reserve refers to the amount appropriated from the net income in accordance with PRC laws or regulations, which can be used to recover losses and increase capital, as approved, and, are to be used to expand production or operations. PRC laws prescribe that an enterprise operating at a profit, must appropriate, on an annual basis, from its earnings, an amount to the statutory reserve to be used for future company development. Such an appropriation is made until the reserve reaches a maximum equal to 50% of the enterprise’s registered capital.

 

  (t) Fair Value of Financial Instruments

 

For certain of the Company’s financial instruments, including cash and equivalents, accounts and other receivables, accounts and other payables, accrued liabilities and short-term debt, the carrying amounts approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:

 

  Level 1 inputs to the valuation methodology are quoted prices 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 asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
     
  Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

 

The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” and ASC 815.

 

The Company’s financial instruments include cash and equivalents, accounts receivable, and accounts payable. Cash and cash equivalents consist of deposits financial institutions with original maturities of three months or less. Management estimates the carrying amounts of the non-related party financial instruments approximate their fair values due to their short-term nature.

 

The following is table of the Company’s financial instruments:

 

As of June 30, 2016:

 

   Carrying amount 
   Level 1   Level 2   Level 3  

Estimated

fair value

 
Financial assets                    
                     
Carried at (amortized) cost:                    
Cash and cash equivalents  $65,908   $-   $-   $65,908 

 

 F-10 
 

 

As of December 31, 2015:

 

   Carrying amount 
   Level 1   Level 2   Level 3  

Estimated

fair value

 
Financial assets                    
                     
Carried at (amortized) cost:                    
Cash and cash equivalents  $78,753   $-   $-   $78,753 

 

  (u) Other Comprehensive Income

 

The Company’s functional currency is the Renminbi (“RMB”). For financial reporting purposes, RMB were translated into United States Dollars (“USD” or “$”) as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders’ equity as “Accumulated other comprehensive income”. Gains and losses resulting from foreign currency transactions are included in income.

 

The Company uses FASB ASC Topic 220, “Reporting Comprehensive Income”. Comprehensive loss is comprised of net loss and all changes to the statements of stockholders’ equity, except for changes in paid-in capital and distributions to stockholders due to investments by stockholders.

 

  (v) Business combination

 

Business combinations are accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations. Under the acquisition method the acquiring entity in a business combination recognizes 100 percent of the acquired assets and assumed liabilities, regardless of the percentage owned, at their estimated fair values as of the date of acquisition. Any excess of the purchase price over the fair value of net assets and other identifiable intangible assets acquired is recorded as goodwill. To the extent the fair value of net assets acquired, including other identifiable assets, exceed the purchase price, a bargain purchase gain is recognized. Assets acquired and liabilities assumed from contingencies must also be recognized at fair value, if the fair value can be determined during the measurement period. Results of operations of an acquired business are included in the statement of earnings from the date of acquisition. Acquisition-related costs, including conversion and restructuring charges, are expensed as incurred.

 

  (w) Recent Accounting Pronouncements

 

On January 5, 2016, the FASB issued ASU 2016-01 “Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”, which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Although the ASU retains many current requirements, it significantly revises an entity’s accounting related to (1) the classification and measurement of investments in equity securities and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. The ASU also amends certain disclosure requirements associated with the fair value of financial instruments. The new standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2017.

 

On February 25, 2016, the FASB issued ASU 2016-02 “Leases (Topic 842)”, its new standard on accounting for leases. ASU 2016-02 introduces a lessee model that brings most leases on the balance sheet. The new standard also aligns many of the underlying principles of the new lessor model with those in ASC 606, the FASB’s new revenue recognition standard (e.g., those related to evaluating when profit can be recognized).

 

 F-11 
 

 

Furthermore, the ASU addresses other concerns related to the current leases model. For example, the ASU eliminates the requirement in current U.S. GAAP for an entity to use bright-line tests in determining lease classification. The standard also requires lessors to increase the transparency of their exposure to changes in value of their residual assets and how they manage that exposure. The new model represents a wholesale change to lease accounting. As a result, entities will face significant implementation challenges during the transition period and beyond, such as those related to:

 

  Applying judgment and estimating.
     
  Managing the complexities of data collection, storage, and maintenance.
     
  Enhancing information technology systems to ensure their ability to perform the calculations necessary for compliance with reporting requirements.
     
  Refining internal controls and other business processes related to leases.
     
  Determining whether debt covenants are likely to be affected and, if so, working with lenders to avoid violations.
     
  Addressing any income tax implications.

 

The new guidance will be effective for public business entities for annual periods beginning after December 15, 2018 (e.g., calendar periods beginning on January 1, 2019), and interim periods therein.

 

On March 15, 2016, the FASB issued ASU 2016-07 “Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting”, which simplifies the equity method of accounting by eliminating the requirement to retrospectively apply the equity method to an investment that subsequently qualifies for such accounting as a result of an increase in the level of ownership interest or degree of influence. Consequently, when an investment qualifies for the equity method (as a result of an increase in the level of ownership interest or degree of influence), the cost of acquiring the additional interest in the investee would be added to the current basis of the investor’s previously held interest and the equity method would be applied subsequently from the date on which the investor obtains the ability to exercise significant influence over the investee. The ASU further requires that unrealized holding gains or losses in accumulated other comprehensive income related to an available-for-sale security that becomes eligible for the equity method be recognized in earnings as of the date on which the investment qualifies for the equity method.

 

The guidance in the ASU is effective for all entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years; early adoption is permitted for all entities. Entities are required to apply the guidance prospectively to increases in the level of ownership interest or degree of influence occurring after the ASU’s effective date. Additional transition disclosures are not required upon adoption.

 

On March 17, 2016, the FASB issued ASU 2016-08 “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)”, which amends the principal-versus-agent implementation guidance and illustrations in the Board’s new revenue standard (ASU 2014-09). The FASB issued the ASU in response to concerns identified by stakeholders, including those related to (1) determining the appropriate unit of account under the revenue standard’s principal-versus-agent guidance and (2) applying the indicators of whether an entity is a principal or an agent in accordance with the revenue standard’s control principle. Among other things, the ASU clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. As defined in the ASU, a specified good or service is “a distinct good or service (or a distinct bundle of goods or services) to be provided to the customer.” Therefore, for contracts involving more than one specified good or service, the entity may be the principal for one or more specified goods or services and the agent for others.

 

The ASU has the same effective date as the new revenue standard (as amended by the one-year deferral and the early adoption provisions in ASU 2015-14). In addition, entities are required to adopt the ASU by using the same transition method they used to adopt the new revenue standard.

 

On March 30, 2016, the FASB issued ASU 2016-09 “Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”, which simplifies several aspects of the accounting for employee share-based payment transactions for both public and nonpublic entities, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows.

 

 F-12 
 

 

The ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods.

 

As of June 30, 2016, there are no other recently issued accounting standards not yet adopted that would or could have a material effect on the Company’s consolidated financial statements.

 

  (x) Contingencies

 

Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company’s management evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought.

 

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s consolidated financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed.

 

Loss contingencies considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be disclosed.

 

3. GOING CONCERN UNCERTAINTIES

 

These financial statements have been prepared assuming that Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.

 

As of June 30, 2016, the Company had accumulated deficit of $7,102,209 due to the substantial losses in operation in the current year. Management’s plan to support the Company in operations and to maintain its business strategy is to raise funds through public and private offerings and to rely on officers and directors to perform essential functions with minimal compensation. If we do not raise all of the money we need from public or private offerings, we will have to find alternative sources, such as loans or advances from our officers, directors or others. Such additional financing may not become available on acceptable terms and there can be no assurance that any additional financing that the Company does obtain will be sufficient to meet its needs in the long term. Even if the Company is able to obtain additional financing, it may contain undue restrictions on our operations, in the case of debt financing, or cause substantial dilution for our stockholders, in the case of equity financing. If we require additional cash and cannot raise it, we will either have to suspend operations or cease business entirely.

 

The accompanying financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

 

4. GOODWILL

 

Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable assets acquired in a business combination. In accordance with FASB ASC Topic 350, “Goodwill and Other Intangible Assets”, goodwill is no longer subject to amortization. Rather, goodwill is subject to at least an annual assessment for impairment, applying a fair-value based test. Fair value is generally determined using a discounted cash flow analysis.

 

 F-13 
 

 

On February 16, 2015, the Company, through Guangzhou Image, entered into an equity transfer agreement to acquire 100% of Yunnan Image. As of December 31, 2014, the net assets of Yunnan Image were $166,022. The purchase consideration was $489,515 (equivalent to RMB 3,000,000), which resulted in goodwill of USD 323,493.

 

   June 30, 2016    December 31, 2015 
         
Yunnan Image  $-   $323,493 
Less: Impairment loss   -    (323,493)
Total goodwill  $-   $- 

 

The Company reviews the carrying value of the goodwill for impairment regularly. For the year ended December 31, 2015, the Company reviewed the carrying value of its goodwill and provided an impairment for such goodwill since the acquisition of Yunnan Image has not generated positive cash flow.

 

5. OTHER RECEIVABLES

 

   June 30, 2016    December 31, 2015 
         
Other receivables  $2,894,700   $2,911,361 
Less: Allowance for doubtful accounts   (442,823)   (442,823)
Other receivables, net  $2,451,877   $2,468,538 

 

6. INVENTORIES

 

   June 30, 2016    December 31, 2015 
         
Raw materials  $237,552   $169,397 
Packing materials   14,015    14,344 
Finished goods   464,596    264,231 
   $716,163   $447,972 

 

7. PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consisted of the following:

 

   June 30, 2016    December 31, 2015 
         
Building  $19,112   $19,561 
Motor vehicle   229,533    230,188 
Plant and equipment   16,464    17,890 
Leasehold improvement  $3,051   $- 
    268,161    267,649 
Less: Accumulated depreciation   (51,757)   (35,459)
   $216,404   $232,180 

 

Depreciation expense for the three months ended June 30, 2016 and 2015 was $16,298 and $2,508, respectively.

 

 F-14 
 

 

8. INCOME TAX

 

The Company is subject to US Income taxes.

 

The Company’s subsidiary Fortune Delight Holdings Group Limited was incorporated in the British Virgin Islands. The British Virgin Islands is an income tax free jurisdiction.

 

Silver Channel was incorporated in Hong Kong and is subject to the Inland Revenue Ordinance of Hong Kong. Hong Kong adopted a uniform tax rate of 16.5% for all enterprises.

 

The Company’s subsidiaries that were incorporated in the PRC and are governed by the Income Tax Law of the PRC and various local income tax laws. Effective January 1, 2008, China adopted a uniform tax rate of 25% for all enterprises including foreign-invested enterprises.

 

The Company did not recognize any deferred tax assets during the years ended December 31, 2015 and 2014 and the Company has not yet determined when it would be able to make use of such potential assets.

 

The following tables provide the reconciliation of the differences between the statutory and effective tax expenses for six months ended June 30, 2016 and 2015:

 

   6/30/2016   6/30/2015 
Loss attributed to PRC & Hong Kong  $(334,557)  $(243,992)
Loss attributed to US   (49,032)   (4,694,819)
Income before tax   (383,589)   (4,938,811)
           
PRC Statutory Tax at 25% Rate   -    - 
Effect of tax exemption granted   -    - 
Income tax  $9   $- 

 

Per Share Effect of Tax Exemption

 

   6/30/2016   6/30/2015 
Effect of tax exemption granted  $-   $- 
Weighted-Average Shares Outstanding Basic   395,000,000    70,000,000 
Per share effect  $-   $- 

 

The difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows for six months ended June 30, 2016 and 2015:

 

   6/30/2016   6/30/2015 
U.S. federal statutory income tax rate   35%   35%
Lower rates in PRC, net   -10%   -10%
Tax holiday for foreign investments   -25%   -25%
The Company’s effective tax rate   0%   0%

 

 F-15 
 

 

9. LOSS PER SHARE

 

The following table sets forth the computation of basic and diluted earnings per share of common stock:

 

   For the six months ended
June 30,
 
   2016   2015 
         
Basic loss per share:          
Numerator:          
Net loss used in computing basic earnings per share  $(383,598)  $(4,938,811)
           
Denominator:          
Weighted average common shares outstanding   395,000,000    70,000,000 
Basic loss per share  $(0.00)  $(0.00)
           
Diluted earnings per share:          
Numerator:          
Net loss used in computing diluted earnings per share  $(383,598)  $(4,938,811)
           
Denominator:          
Weighted average common shares outstanding   395,000,000    70,000,000 
Diluted loss per share  $(0.00)  $(0.00)

 

Dilutive securities having an anti-dilutive effect on diluted (loss) earnings per share are excluded from the calculation.

 

10. OTHER COMPREHENSIVE INCOME

 

Accumulated other comprehensive income included in stockholders’ equity as of June 30, 2016 and December 31, 2015 was as follows:

 

   June 30, 2016    December 31, 2015 
           
Accumulated other comprehensive income, beginning of period  $77,103   $41,131 
Change in cumulative translation adjustment   46,822    35,972 
Accumulated other comprehensive income, end of period  $123,925   $77,103 

 

11. RELATED PARTY TRANSACTION

 

Related party receivable consisted of the following:

 

   June 30, 2016    December 31, 2015 
         
Image Industrial Development Limited, same management personnel  $8,394   $8,392 
Wu Junrui, former director   52,406    49,328 
Lin Qi Shui, chairman of Yunnan Image   -    192,583 
   $60,800   $250,503 

 

The amounts are unsecured, interest-free and due on demand.

 

 F-16 
 

 

Related party payable consisted of the following:

 

   June 30, 2016    December 31, 2015 
         
Wu Ping, director of Yunnan Image   5,028    68,665 
Lin Qi Shui, chairman of Yunnan Image   73,758    - 
   $78,786   $68,665 

 

The amounts are unsecured, interest-free and due on demand.

 

Beginning May 2016, the Company is currently subleasing an office space from a related party, Image Industrial Development Limited, on a month to month basis at a monthly rate of about $ 4,705 (HKD 36,518).

 

12. RISKS CONCENTRATION

 

As of June 30, 2016, the Company had two suppliers in procuring tea. Payment in form of advances were paid to the supplier as part of its procurement process. This is due in part to the Company’s development of its product portfolio specifically for Pu’er tea, which is grown and harvested in Yunnan Province, PRC. As the Company expands its product portfolio to incorporate other teas, it expects to source different teas from different suppliers in different geographic areas in the PRC.

 

  A. Major Customers and Accounts Receivable

 

The Company had certain customers whose revenue individually represented 10% or more of the Company’s total revenue, or whose accounts receivable balances individually represented 10% or more of the Company’s total accounts receivable. For the six months ended June 30, 2016, one customer accounted for 71% of revenue, respectively.

 

As of June 30, 2016, three customers accounted for 18%, 31%, and 44% of accounts receivable.

 

  B. Major Vendors and Accounts Payable

 

The Company had certain vendors who represented 10% or more of the Company’s total cost of sales or expenses, or whose accounts payable balances individually represented 10% or more of the Company’s total accounts payable. For the six months ended June 30, 2016, one vendor accounted for 100% of accounts payable.

 

 F-17 
 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

Cautionary Statements

 

This Quarterly Report on Form 10-Q (“Form 10-Q”) may contain “forward-looking statements,” as that term is used in federal securities laws, about Image Chain Group Limited, Inc. and its financial condition, results of operations and business. These statements include, among others:

 

  statements concerning the potential benefits that Image Chain Group Limited, Inc. (“ICGL,” “we,” “our,” “us,” the “Company,” “management”) may experience from its business activities and certain transactions it contemplates or has completed; and
     
  statements of ICGL’s expectations, beliefs, future plans and strategies, anticipated developments and other matters that are not historical facts. These statements may be made expressly in this Form 10-Q. You can find many of these statements by looking for words such as “believes,” “expects,” “anticipates,” “estimates,” “opines,” or similar expressions used in this Form 10-Q. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause ICGL’s actual results to be materially different from any future results expressed or implied by ICGL in those statements. The most important facts that could prevent ICGL from achieving its stated goals include, but are not limited to, the following:

 

  (a) volatility or decline of ICGL’s stock price;
     
  (b) potential fluctuation of quarterly results;
     
  (c) failure of ICGL to earn revenues or profits;
     

 

(d) inadequate capital to continue or expand its business, and inability to raise additional capital or financing to implement its business plans;
     
  (e) decline in demand for ICGL’s products and services;
     
  (f) rapid adverse changes in markets;
     

 

(g) litigation with or legal claims and allegations by outside parties against ICGL, including but not limited to challenges to ICGL’s intellectual property rights; and
     
  (h) insufficient revenues to cover operating costs.

 

There is no assurance that ICGL will be profitable, be able to successfully develop, manage or market its products and services, be able to attract or retain qualified executives and personnel, be able to obtain customers for its products or services, additional dilution in outstanding stock ownership may be incurred due to the issuance of more shares, warrants and stock options, or the exercise of outstanding warrants and stock options, and other risks inherent in ICGL’s businesses.

 

Because the statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by the forward-looking statements. ICGL cautions you not to place undue reliance on the statements, which speak only as of the date of this Form 10-Q. The cautionary statements contained or referred to in this section should be considered in connection with any subsequent written or oral forward-looking statements that ICGL or persons acting on its behalf may issue. ICGL does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date of this Form 10-Q, or to reflect the occurrence of unanticipated events.

 

Overview

 

The Company was incorporated under the laws of Nevada on December 18, 2013. From inception through the date of the Exchange Agreement as defined below, the Company was an emerging forward-thinking full-service television pre-production company dedicated to the creation of original concepts and programming with a bold and innovative edge in the reality television space for sale, option and licensure to independent producers, cable television networks, syndication companies, and other entities.

 

 5 
 

 

On May 5, 2015, ICGL entered into a share exchange agreement (the “Exchange Agreement”) with Fortune Delight Holdings Group Ltd., a British Virgin Islands corporation (“FDHG”) and Wu Jun Rui, on behalf of himself and certain other individuals who are to receive shares of ICGL (“Shareholders”) pursuant to the Exchange Agreement. On the terms and subject to the conditions set forth in the Exchange Agreement, on May 5, 2015, Wu Jun Rui transferred all 50,000 shares of FDHG common stock, consisting of all of the issued and outstanding shares of FDHG to ICGL. In exchange for the transfer of such securities by Wu Jun Rui, ICGL issued, to the Shareholders, 59,620,000 shares of the Company’s common stock, par value $.001 per share and 5,000,000 shares of the Company’s preferred stock, par value $.001 per share.

 

As a result of the closing of the Exchange Agreement, FDHG became the Company’s wholly owned subsidiary. FDHG is the parent company of Silver Channel Industrial Ltd., a Hong Kong company, which, in turn, holds 100% equity interest of Heyuan Image Machinery Import and Export Co., Ltd., a PRC corporation (“Heyuan Image”). Heyuan Image, through Guangzhou Image Agricultural Technology Ltd., a PRC corporation, owns 100% of Yunnan Image Tea Industrial Ltd. (“YITIL”). ICGL, through its wholly-owned operating subsidiaries, is in the business of promoting and distributing its owned branded teas that are grown, harvested, cured, and packaged in the People’s Republic of China (“PRC”).

 

The Company’s headquarters is located in Guangzhou, Guangdong Province, PRC. Currently, the Company’s products are sold in the PRC for domestic consumption.

 

On June 11, 2015, the Company changed its name to Image Chain Group Limited, Inc. in order to more closely align it with the company’s current business.

 

Results of Operations

 

Three Months Ended June 30, 2016 Compared to Three Months Ended June 30, 2015

 

The Company recognized $197,282 in sales revenues for the three months ended June 30, 2016, as compared to $113,872 for the three months ended June 30, 2015, representing an approximately increase of 73%. The change in the amount of sales revenue is a result of recovery from the Chinese economy downturn.

 

For the three months ended June 30, 2016, the Company recognized cost of sales of $290,513 as compared to $33,325 for the same period in 2015, representing an approximately 772% increase. The principal reason for this increase is due to the increase in sales.

 

For the three months ended June 30, 2016, the Company recorded operating expenses totaling $403,296, an approximately 92% decrease comparing to operating $4,993,560 for the three months ended June 30, 2015. This increase in operating expenses is primarily due to the decrease in general and administrative expenses.

 

As a result of the factors discussed above, the Company’s net loss was $496,305 for the three months ended June 30, 2016, as compared to net loss of $4,903,907 during the three months ended June 30, 2015. The primary reason for the change is the decrease of operating expenses.

 

Six Months Ended June 30, 2016 Compared to Six Months Ended June 30, 2015

 

The Company recognized $298,501 in sales revenues for the six months ended June 30, 2016, as compared to $222,893 for the six months ended June 30, 2015, representing an increase of approximately 33.9%. The change in the amount of sales revenue is a result of prospering overall Chinese economy.

 

For the six months ended June 30, 2016, the Company recognized cost of sales of $323,793 as compared to $87,727 for the same period in 2015, representing a 269% increase. The principal reason for this increase is the increase in sales.

 

For the six months ended June 30, 2016, the Company recorded operating expenses totaling $532,843, an approximately 89.5% decrease comparing to those of $5,083,114 for the six months ended June 30, 2015. This decline in operating expenses was primarily caused by the decrease in general and administrative expenses.

 

 6 
 

 

As a result of the factors discussed above, the Company’s net loss was $511,277 for the six months ended June 30, 2016, as compared to net loss of $4,965,715 during the six months ended June 30, 2015. The reason for the change was primarily due to the decrease of operating expenses.

 

Liquidity and Capital Resources

 

The Company’s cash and cash equivalents were $65,908 on June 30, 2016, as compared to $78,753 on December 31, 2015. As of June 30, 2016, the Company had total current assets of $3,797,357 and total current liabilities of $2,715,654 respectively, compared to $3,985,108 and $2,886,137 as of December 31, 2015. Net working capital was $1,081,703 on June 30, 2016 as compared to net working capital of $1,098,971 on December 31, 2015.

 

Net cash used in operating activities amounted to $362,875 for the six months ended June 30, 2016, as compared to net cash used from operating activities $1,908,654 for the six months ended June 30, 2015.

 

There was net cash of $522 used in investing activities for the six months ended June 30, 2016 and $201,718 of net cash used in investing activities in the six months ended June 30, 2015.

 

On an on-going basis, we may take steps to identify and plan our needs for liquidity and capital resources and to fund our day-to-day business operations. Our future capital expenditures will include, among others, expanding our product portfolios, conducting large scale long term marketing campaigns, and making acquisitions as deemed appropriate.

 

Based on our current plans for the next 12 months, we anticipate that the sales of the Company’s tea products will be the primary organic source of funds for future operating activities in 2016. However, to fund continued expansion of our operations and extend our reach to broader markets, and to acquire additional entities, as we may deem appropriate, we may raise capital through public or private offerings. There is no assurance that we will be able to obtain such funding on acceptable terms, if at all.

 

Critical Accounting Policies and Estimates

 

The preparation of financial statements in conformity with US GAAP requires our management to make assumptions, estimates and judgments that affect the amounts reported in the financial statements, including the notes thereto, and related disclosures of commitments and contingencies, if any. We consider our critical accounting policies to be those that require the more significant judgments and estimates in the preparation of financial statements, including the following:

 

Use of Estimates

 

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

Fair Value of Financial Instruments

 

The Company’s financial instruments consist of cash and cash equivalents, trade receivables, prepaid expenses, payables and accrued expenses. Fair value estimates are made at a specific point in time, based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. We consider the carrying values of our financial instruments in the consolidated financial statements to approximate fair value, due to their short-term nature.

 

 7 
 

 

Property and Equipment

 

Property and equipment are recorded at cost, less accumulated depreciation. Depreciation is provided for using straight-line methods over the estimated useful lives of the respective assets, usually three to seven years.

 

Valuation of Long-Lived Assets

 

We periodically evaluate long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the estimated future cash flows (undiscounted and without interest charges) from the use of an asset were less than the carrying value, a write-down would be recorded to reduce the related asset to its estimated fair value. We do not believe that there has been any impairment to long-lived assets as of June 30, 2016 and 2015.

 

Recent Accounting Pronouncements

 

(See “Recent Accounting Pronouncements” in Note 2 (w) of Notes to the Financial Statements.)

 

Off-Balance Sheet Arrangements

 

We have no off-balance sheet arrangements.

 

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

 

Not Applicable.

 

Item 4. Controls and Procedures.

 

Evaluation of Disclosure Controls and Procedures

 

The Company is currently developing a set of disclosure controls and procedures designed to ensure that information required to be disclosed by the Company in the reports filed under the Securities Exchange Act, is recorded, processed, summarized and reported within the time periods specified by the SEC’s rules and forms. Disclosure controls are also designed with the objective of ensuring that this information is accumulated and communicated to the Company’s management, including the Company’s chief executive officer, as appropriate, to allow timely decisions regarding required disclosure.

 

Pursuant to Rule 13a-15(b) under the Exchange Act, the Company carried out an evaluation with the participation of the Company’s management, including the Company’s chief executive officer, of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the quarter ended June 30, 2016. Based upon that evaluation, the Company’s chief executive officer concluded that the Company’s disclosure controls and procedures were ineffective; however, the Company is taking steps to remediate the deficiency. As noted above the Company is currently developing a set of disclosure controls and procedures and considering engaging outside service providers to provide expertise on this matter.

 

Changes in Internal Control over Financial Reporting

 

We will begin to regularly review our system of internal control over financial reporting and make changes to our processes and systems to improve controls and increase efficiency, while ensuring that we maintain an effective internal control environment. Changes may include such activities as implementing new, more efficient systems, consolidating activities, migrating processes, and consulting with outside experts.

 

There have been no changes in our internal control over financial reporting during the quarter ended June 30, 2016 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

Inherent Limitations over Internal Controls

 

ICGL’s management does not expect that its disclosure controls or its internal control over financial reporting will prevent or detect all error and all fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control system’s objectives will be met. The design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Further, because of the inherent limitations in all control systems, 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 ICGL have been detected. These inherent limitations include the realities that judgments in decision making can be faulty and that breakdowns can occur because of simple error or mistake. Controls can also be circumvented by the individual acts of some persons, by collusion of two or more people, or management override of the controls. The design of any system of controls is based in part on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of controls effectiveness to future periods are subject to risks. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with policies or procedures.

 

 8 
 


 

PART II OTHER INFORMATION

 

Item 1. Legal Proceedings.

 

We are not a party to any material or legal proceeding and, to our knowledge, none is contemplated or threatened.

 

Item 1A. Risk Factors.

 

Not applicable.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

 

None.

 

Item 3. Defaults Upon Senior Securities.

.

There have been no defaults upon senior securities.

 

Item 4. Mine Safety Disclosures.

 

Not applicable.

 

Item 5. Other Information.

 

None.

 

Item 6. Exhibits.

 

Exhibit No.   Description
     
31.1   Certification of Principal Executive Officer and Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
     
32.1   Certification of the Principal Executive Officer and Principal Financial Officer pursuant to U.S.C. Section 1350 as adopted 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 Calculation Linkbase Document*
     
101.DEF   XBRL Taxonomy Extension Definition Linkbase Document*
     
101.LAB   XBRL Taxonomy Label Linkbase Document*
     
101.PRE   XBRL Taxonomy Presentation Linkbase Document*

 

*Filed herewith.

**Furnished herewith.

 

 9 
 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Dated: November 14, 2016

 

  By: /s/ Wenchang Gu
   

Wenchang Gu

Chief Executive Officer, Chief Financial Officer, President, and Chairman (Principal Executive Officer, Principal Accounting and Financial Officer)

 

 10 
 

 

EX-31.1 2 ex31-1.htm

 

Exhibit 31.1

 

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER PURSUANT TO

SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Wenchang Gu, certify that:

 

  (1) I have reviewed this report on Form 10-Q of Image Chain Group Limited, Inc. (the “Company”);
     
  (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 Company as of, and for, the periods presented in this report;
     
  (4) The Company’s other certifying officer 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)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Company 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 Company, 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 Company’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 the report any change in the Company’s internal control over financial reporting that occurred during the Company’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.

 

  (5) The Company’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Company’s auditors and the Company’s board of directors:

 

  a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Company’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 Company’s internal control over financial reporting.

 

Date: November 14, 2016  
   
  /s/ Wenchang Gu
  Wenchang Gu
  Chief Executive Officer, Chief Financial Officer, President, and Chairman
  (Principal Executive Officer, Principal Accounting and Financial Officer)

 

 
 

EX-32.1 3 ex32-1.htm

 

Exhibit 32.1

 

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER

PURSUANT TO 18 U.S. C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of Image Chain Group Limited, Inc., (the “Company”) on Form 10-Q for the quarter ended June 30, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Wenchang Gu, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

 

  (1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
     
  (2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: November 14, 2016  
   
  /s/ Wenchang Gu
  Wenchang Gu
  Chief Executive Officer, Chief Financial Officer, President, and Chairman
  (Principal Executive Officer, Principal Accounting and Financial Officer)

 

 
 

 

EX-101.INS 4 icgl-20160630.xml XBRL INSTANCE FILE 0001598924 2016-01-01 2016-06-30 0001598924 2015-12-31 0001598924 2014-12-31 0001598924 2015-01-01 2015-12-31 0001598924 us-gaap:BuildingMember 2016-01-01 2016-06-30 0001598924 us-gaap:ComputerEquipmentMember 2016-01-01 2016-06-30 0001598924 us-gaap:VehiclesMember 2016-01-01 2016-06-30 0001598924 us-gaap:BuildingMember 2015-12-31 0001598924 us-gaap:BuildingMember 2016-06-30 0001598924 us-gaap:VehiclesMember 2015-12-31 0001598924 us-gaap:VehiclesMember 2016-06-30 0001598924 us-gaap:PropertyPlantAndEquipmentMember 2015-12-31 0001598924 us-gaap:PropertyPlantAndEquipmentMember 2016-06-30 0001598924 icgl:FortuneDelightHoldingsGroupLimitedMember 2016-01-01 2016-06-30 0001598924 icgl:SilverChannelIndustrialLimitedMember 2016-01-01 2016-06-30 0001598924 icgl:HeyuanImageEquipmentImportExportCoLtdMember 2016-01-01 2016-06-30 0001598924 icgl:GuangzhouImageAgriculturalTechnologyCoLtdMember 2016-01-01 2016-06-30 0001598924 icgl:YunnanImageTeaIndustryCoLtdMember 2016-01-01 2016-06-30 0001598924 icgl:FortuneDelightHoldingsGroupLimitedMember 2016-06-30 0001598924 icgl:SilverChannelIndustrialLimitedMember 2016-06-30 0001598924 icgl:HeiyuanImageEquipmentImportExportCoLtdMember icgl:HkdMember 2015-12-31 0001598924 icgl:GuangzhouImageAgriculturalTechnologyCoLtdMember 2016-06-30 0001598924 icgl:YunnanImageTeaIndustryCoLtdMember 2016-06-30 0001598924 icgl:GuangzhouImageAgriculturalTechnologyCoLtdMember icgl:RMBMember 2014-08-18 0001598924 icgl:YunnanImageTeaIndustryCoLtdMember 2015-02-16 0001598924 icgl:PeriodEndRmbMember 2015-12-31 0001598924 icgl:AveragePeriodRmbMember 2015-12-31 0001598924 icgl:PeriodEndHkdMember 2015-12-31 0001598924 icgl:AveragePeriodHkdMember 2015-12-31 0001598924 icgl:AveragePeriodRmbMember 2015-06-30 0001598924 icgl:PeriodEndHkdMember 2015-06-30 0001598924 icgl:AveragePeriodHkdMember 2015-06-30 0001598924 icgl:PeriodEndRmbMember 2015-06-30 0001598924 us-gaap:FairValueInputsLevel1Member 2016-06-30 0001598924 us-gaap:FairValueInputsLevel2Member 2016-06-30 0001598924 us-gaap:FairValueInputsLevel3Member 2016-06-30 0001598924 us-gaap:FairValueInputsLevel1Member 2015-12-31 0001598924 us-gaap:FairValueInputsLevel2Member 2015-12-31 0001598924 us-gaap:FairValueInputsLevel3Member 2015-12-31 0001598924 icgl:YunnanImageTeaIndustryCoLtdMember 2014-12-31 0001598924 icgl:ChinaTaxAuthorityMember 2007-12-25 2008-01-01 0001598924 icgl:HongKongAuthorityMember 2016-01-01 2016-06-30 0001598924 2016-10-26 0001598924 icgl:YunnanImageTeaIndustryCoLtdMember icgl:RMBMember 2013-08-23 0001598924 icgl:ImageIndustrialDevelopmentLimitedSameManagementPersonnelMember 2015-12-31 0001598924 icgl:WuJunruiFormerDirectorMember 2015-12-31 0001598924 icgl:ImageIndustrialDevelopmentLimitedSameManagementPersonnelMember 2016-06-30 0001598924 icgl:WuJunruiFormerDirectorMember 2016-06-30 0001598924 us-gaap:ScenarioPreviouslyReportedMember 2015-06-11 0001598924 us-gaap:RestatementAdjustmentMember 2015-06-11 0001598924 icgl:WuJunruiMember 2015-05-04 2015-05-05 0001598924 icgl:FdhgtoIcglMember 2015-05-05 0001598924 icgl:GuangzhouImageAgriculturalTechnologyCoLtdMember icgl:SharesholdersOfYunnanImageTeaIndustryMember icgl:RMBMember 2015-02-16 0001598924 icgl:HeyuanImageEquipmentImportExportCoLtdMember 2016-06-30 0001598924 icgl:WuJunruiFormerDirectorOfYunnanImageMember 2015-12-31 0001598924 icgl:WuJunruiFormerDirectorOfYunnanImageMember 2016-06-30 0001598924 icgl:RelatedPartyPayableMember 2016-01-01 2016-06-30 0001598924 icgl:RelatedPartyReceivableMember 2016-01-01 2016-06-30 0001598924 2015-06-30 0001598924 icgl:PRCMember 2016-01-01 2016-06-30 0001598924 icgl:LinQiShuiChairmanOfYunnanImageMember 2015-12-31 0001598924 icgl:LinQiShuiChairmanOfYunnanImageMember 2016-06-30 0001598924 icgl:RevenueMember icgl:AnthorOneCustomersRevenueMember 2016-01-01 2016-06-30 0001598924 us-gaap:AccountsReceivableMember icgl:AnthorOneCustomersRevenueMember 2016-01-01 2016-06-30 0001598924 us-gaap:AccountsPayableMember icgl:OneVendorsMember 2016-01-01 2016-06-30 0001598924 icgl:RevenueIndividuallyMember 2016-01-01 2016-06-30 0001598924 icgl:AccountsPayableBalancesIndividuallyMember 2016-01-01 2016-06-30 0001598924 icgl:VendorsMember 2016-01-01 2016-06-30 0001598924 icgl:AccountsReceivableBalancesIndividuallyMember 2016-01-01 2016-06-30 0001598924 2016-06-30 0001598924 2015-01-01 2015-06-30 0001598924 icgl:PeriodEndRmbMember 2016-06-30 0001598924 icgl:AveragePeriodRmbMember 2016-06-30 0001598924 icgl:PeriodEndHkdMember 2016-06-30 0001598924 icgl:AveragePeriodHkdMember 2016-06-30 0001598924 icgl:PRCMember 2015-01-01 2015-06-30 0001598924 us-gaap:AccountsReceivableMember icgl:AnthorTwoCustomersRevenueMember 2016-01-01 2016-06-30 0001598924 us-gaap:AccountsReceivableMember icgl:AnthorThreeCustomersRevenueMember 2016-01-01 2016-06-30 0001598924 icgl:HeiyuanImageEquipmentImportExportCoLtdMember icgl:HkdMember 2016-06-30 0001598924 icgl:YunnanImageTeaIndustryCoLtdMember 2014-01-01 2014-12-31 0001598924 icgl:YunnanImageTeaIndustryCoLtdMember icgl:RMBMember 2014-01-01 2014-12-31 0001598924 icgl:LinQiShuiChairmanOfYunnanImageMember 2016-12-31 0001598924 icgl:LeaseholdImprovementMember 2016-06-30 0001598924 icgl:LeaseholdImprovementMember 2015-12-31 0001598924 icgl:ImageIndustrialDevelopmentLimitedMember icgl:HkdMember 2016-05-01 2016-05-31 0001598924 icgl:ImageIndustrialDevelopmentLimitedMember 2016-05-01 2016-05-31 xbrli:shares iso4217:USD iso4217:USD xbrli:shares iso4217:HKD xbrli:pure iso4217:CNY icgl:Suppliers 10-Q false 2016-06-30 Q2 Image Chain Group Limited, Inc. --12-31 Smaller Reporting Company ICGL 78753 70107 65908 78753 327475 65908 5000000 5000000 5000000 5000000 70000000 395000000 P20Y P3Y P4Y 0.71 0.18 1.00 0.10 0.10 0.10 0.10 0.31 0.44 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 50000 4000000 1636902 491071 10000000 3000000 515849 4000000 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The following is table of the Company&#146;s financial instruments:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><u>As of June 30, 2016:</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="14" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Carrying amount</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 1</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 2</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 3</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Estimated</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>fair value</b></p></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 39%; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Financial assets</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 13%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Carried at (amortized) cost:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">65,908</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">65,908</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><u>As of December 31, 2015</u>:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="14" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Carrying amount</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 1</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 2</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 3</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Estimated</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>fair value</b></p></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 39%; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Financial assets</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 13%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Carried at (amortized) cost:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">78,753</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">78,753</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 6.4907 6.2175 7.7504 7.7521 6.1128 7.7522 7.7535 6.0888 6.6433 6.5353 7.7563 7.7646 323493 323493 489515 3000000 -0.10 0.25 0.165 -0.10 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Related party payable consisted of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wu Ping, director of Yunnan Image</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,028</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">68,665</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Lin Qi Shui, chairman of Yunnan Image</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">73,758</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">78,786</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">68,665</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Related party receivable consisted of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Image Industrial Development Limited, same management personnel</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,394</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,392</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wu Junrui, former director</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">52,406</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49,328</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Lin Qi Shui, chairman of Yunnan Image</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">192,583</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">60,800</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">250,503</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 395000000 0.50 British Virgin Islands Hong Kong P.R.C. P.R.C. P.R.C. 77103 41131 123925 0.001 0.001 0.001 5000000 5000000 5000000 0.001 0.001 0.001 400000000 70000000 400000000 400000000 70000000 59620000 395000000 50000 3380000 3380000 3000000 46822 35972 250503 8392 49328 8394 52406 192583 60800 68665 68665 5028 73758 78786 <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Translation adjustments are not included in determining net loss but are included in foreign exchange adjustment to other comprehensive loss, a component of stockholders&#146; equity.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Exchange Rates</i></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2016</i></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>12/31/2015</i></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2015</i></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 49%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Period/Year end RMB : US$ exchange rate</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.6433</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.4907</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.0888</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Average period/year RMB : US$ exchange rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.5353</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.2175</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.1128</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Period/Year end HKD : US$ exchange rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7563</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7504</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7522</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Average period/year HKD : US$ exchange rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7646</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7521</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7535</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives of:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 50%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Building</font></td> <td style="width: 50%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">20 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Computer</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Motor vehicles</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4 years</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As of June 30, 2016, the detailed identities of the consolidating subsidiaries are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of company</font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Place of incorporation</font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Attributable equity interest%</font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Registered </font><br /> <font style="font: 10pt Times New Roman, Times, Serif">capital</font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 45%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Fortune Delight Holdings Group Limited</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 18%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">British Virgin Islands</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">50,000</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Silver Channel Industrial Limited</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Hong Kong</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Heyuan Image Equipment Import Export Co., Ltd.</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">P.R.C.</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">515,849</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangzhou Image Agricultural Technology Co., Ltd.</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">P.R.C.</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,636,902</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Yunnan Image Tea Industry Co., Ltd.</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">P.R.C.</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">491,071</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> 2 323493 2468538 2451877 442823 442823 2911361 2894700 264231 464596 14344 14015 169397 237552 16298 2508 267649 19561 19112 230188 229533 17890 16464 268161 3051 35459 51757 -334557 -243992 -49032 -4694819 -383589 -4938811 0.35 0.35 -0.25 -0.25 0.00 0.00 0.25 0.25 <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>2.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(a)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Method of Accounting </i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America (&#147;US GAAP&#148;) and have been consistently applied in the presentation of financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(b)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Basis of Presentation</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The accompanying consolidated financial statements have been prepared in conformity with US GAAP.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(c)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Principles of Consolidation</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The consolidated financial statements include the accounts of the Company, its subsidiaries for which the Company is the primary beneficiary. All significant inter-company accounts and transactions have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of those wholly-owned subsidiaries.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As of June 30, 2016, the detailed identities of the consolidating subsidiaries are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of company</font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Place of incorporation</font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Attributable equity interest%</font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Registered </font><br /> <font style="font: 10pt Times New Roman, Times, Serif">capital</font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 45%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Fortune Delight Holdings Group Limited</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 18%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">British Virgin Islands</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">50,000</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Silver Channel Industrial Limited</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Hong Kong</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Heyuan Image Equipment Import Export Co., Ltd.</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">P.R.C.</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">515,849</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangzhou Image Agricultural Technology Co., Ltd.</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">P.R.C.</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,636,902</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Yunnan Image Tea Industry Co., Ltd.</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">P.R.C.</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">491,071</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(d)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Economic and Political Risks</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#146;s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic, legal environment and foreign currency exchange. The Company&#146;s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, restriction on international remittances, and rates and methods of taxation, among other things.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(e)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Use of Estimates</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In preparing financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting years. These accounts and estimates include, but are not limited to, the estimation on useful lives of property, plant and equipment. Actual results could differ from those estimates.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(f)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Cash and Cash Equivalents</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Cash and cash equivalents include cash in hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less. As of June 30, 2016, cash and cash equivalents were mainly denominated in HKD and were placed with banks in Hong Kong. Cash and cash equivalents denominated in RMB may not be freely convertible into foreign currencies and the remittance of these funds out of the PRC may be subjected to exchange control restrictions imposed by the PRC government.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(g)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Accounts Receivable</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company maintains allowances for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these allowances. Terms of sales vary. Allowances are recorded primarily on a specific identification basis.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As of June 30, 2016, no provision for allowance for doubtful accounts was provided.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(h)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Other Receivables </i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Other receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is made when recovery of the full amount is doubtful.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(i)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Inventories</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Inventories are stated at the lower of cost or market value. Cost is computed using the first-in, first-out method and includes all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. Market value is determined by reference to the sales proceeds of items sold in the ordinary course of business or estimates based on prevailing market conditions.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(j)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Property, Plant and Equipment</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Property and equipment are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives of:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 50%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Building</font></td> <td style="width: 50%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">20 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Computer</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Motor vehicles</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4 years</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(k)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Accounting for Impairment of Long-Lived Assets</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company adopts Accounting Standards Codification (&#147;ASC&#148;) 360, &#147;Accounting for the Impairment or Disposal of Long-Live Assets&#148;, which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 360 which requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets&#146; carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. It is reasonably possible that these assets could become impaired as a result of technology or other industry changes. Recoverability of assets to be held and used is determined by comparing the carrying amount of an asset to future net undiscounted cash flows to be generated by the assets.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. During the reporting periods, there was no impairment loss.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(l)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Customer Advances</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Customer advance was received from customers in connection with orders of products to be delivered in future periods.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(m)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Revenue Recognition</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#146;s revenue recognition policies are in compliance with Staff Accounting Bulletin (&#147;SAB&#148;) 104, included in the Codification as ASC 605, <i>Revenue Recognition</i>. Sales revenue is recognized at the date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company does not allow its customers to return products. The Company&#146;s customers can exchange products only if they are damaged in transportation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Revenue reported is net of value added tax.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(n)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Cost of Sales</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#146;s cost of sales is comprised of the inbound acquisition cost of packaged finished goods for resale, inbound shipping, value added tax and business taxes recognized upon sales of goods.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(o)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Selling Expenses</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Selling expenses are comprised of salaries for the sales force, client entertainment, commissions, advertising, and travel and lodging expenses.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(p)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>General &#38; Administrative Expenses</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">General and administrative expenses include executive compensation, general overhead such as the finance department and administrative staff, depreciation, office rental and utilities.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(q)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Foreign Currency Translation</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company maintains its financial statements in the functional currencies on Chinese Renminbi (RMB) and Hong Kong Dollars (&#147;HKD&#148;). Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchanges rates prevailing at the dates of the transaction. Exchange gains or losses arising from foreign currency transactions are included in the determination of net income for the respective periods.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">For financial reporting purposes, the financial statements of the Company, which are prepared using the functional currency, have been translated into United States dollars. Assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated at the average exchange rates and stockholders&#146; equity is translated at historical exchange rates. Translation adjustments are not included in determining net loss but are included in foreign exchange adjustment to other comprehensive loss, a component of stockholders&#146; equity.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Exchange Rates</i></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2016</i></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>12/31/2015</i></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2015</i></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 49%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Period/Year end RMB : US$ exchange rate</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.6433</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.4907</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.0888</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Average period/year RMB : US$ exchange rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.5353</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.2175</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.1128</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Period/Year end HKD : US$ exchange rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7563</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7504</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7522</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Average period/year HKD : US$ exchange rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7646</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7521</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7535</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation. The HKD is freely convertible into other foreign currencies.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(r)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Income Taxes</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company adopts SFAS No. 109, Accounting for Income Taxes, included in the Codification as ASC 740, <i>Income Taxes,</i> which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On January 1, 2007, The Company adopted the provisions of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (&#147;FIN 48&#148;), included in the Codification as ASC 740, <i>Income Taxes.</i> The topic addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(s)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Statutory Reserve</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Statutory reserve refers to the amount appropriated from the net income in accordance with PRC laws or regulations, which can be used to recover losses and increase capital, as approved, and, are to be used to expand production or operations. PRC laws prescribe that an enterprise operating at a profit, must appropriate, on an annual basis, from its earnings, an amount to the statutory reserve to be used for future company development. Such an appropriation is made until the reserve reaches a maximum equal to 50% of the enterprise&#146;s registered capital.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(t)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Fair Value of Financial Instruments</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">For certain of the Company&#146;s financial instruments, including cash and equivalents, accounts and other receivables, accounts and other payables, accrued liabilities and short-term debt, the carrying amounts approximate their fair values due to their short maturities. ASC Topic 820, &#147;Fair Value Measurements and Disclosures,&#148; requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, &#147;Financial Instruments,&#148; defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">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 asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, &#147;Distinguishing Liabilities from Equity,&#148; and ASC 815.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#146;s financial instruments include cash and equivalents, accounts receivable, and accounts payable. Cash and cash equivalents consist of deposits financial institutions with original maturities of three months or less. Management estimates the carrying amounts of the non-related party financial instruments approximate their fair values due to their short-term nature.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The following is table of the Company&#146;s financial instruments:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><u>As of June 30, 2016:</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="14" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Carrying amount</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 1</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 2</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 3</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Estimated</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>fair value</b></p></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 39%; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Financial assets</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 13%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Carried at (amortized) cost:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">65,908</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">65,908</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><u>As of December 31, 2015</u>:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="14" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Carrying amount</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 1</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 2</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 3</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Estimated</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>fair value</b></p></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 39%; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Financial assets</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 13%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Carried at (amortized) cost:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">78,753</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">78,753</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(u)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Other Comprehensive Income</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#146;s functional currency is the Renminbi (&#147;RMB&#148;). For financial reporting purposes, RMB were translated into United States Dollars (&#147;USD&#148; or &#147;$&#148;) as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders&#146; equity as &#147;Accumulated other comprehensive income&#148;. Gains and losses resulting from foreign currency transactions are included in income.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company uses FASB ASC Topic 220, &#147;Reporting Comprehensive Income&#148;. Comprehensive loss is comprised of net loss and all changes to the statements of stockholders&#146; equity, except for changes in paid-in capital and distributions to stockholders due to investments by stockholders.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(v)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Business combination</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Business combinations are accounted for under the acquisition method of accounting in accordance with ASC 805, <i>Business Combinations. </i>Under the acquisition method the acquiring entity in a business combination recognizes 100 percent of the acquired assets and assumed liabilities, regardless of the percentage owned, at their estimated fair values as of the date of acquisition. Any excess of the purchase price over the fair value of net assets and other identifiable intangible assets acquired is recorded as goodwill. To the extent the fair value of net assets acquired, including other identifiable assets, exceed the purchase price, a bargain purchase gain is recognized. Assets acquired and liabilities assumed from contingencies must also be recognized at fair value, if the fair value can be determined during the measurement period. Results of operations of an acquired business are included in the statement of earnings from the date of acquisition. Acquisition-related costs, including conversion and restructuring charges, are expensed as incurred.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><i>&#160;</i></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(w)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Recent Accounting Pronouncements</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On January 5, 2016, the FASB issued ASU 2016-01 &#147;Financial Instruments&#151;Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities&#148;, which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Although the ASU retains many current requirements, it significantly revises an entity&#146;s accounting related to (1) the classification and measurement of investments in equity securities and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. The ASU also amends certain disclosure requirements associated with the fair value of financial instruments. The new standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On February 25, 2016, the FASB issued ASU 2016-02 &#147;Leases (Topic 842)&#148;, its new standard on accounting for leases. ASU 2016-02 introduces a lessee model that brings most leases on the balance sheet. The new standard also aligns many of the underlying principles of the new lessor model with those in ASC 606, the FASB&#146;s new revenue recognition standard (e.g., those related to evaluating when profit can be recognized).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Furthermore, the ASU addresses other concerns related to the current leases model. For example, the ASU eliminates the requirement in current U.S. GAAP for an entity to use bright-line tests in determining lease classification. The standard also requires lessors to increase the transparency of their exposure to changes in value of their residual assets and how they manage that exposure. The new model represents a wholesale change to lease accounting. As a result, entities will face significant implementation challenges during the transition period and beyond, such as those related to:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 72px; text-align: justify; line-height: 115%">&#160;</td> <td style="width: 24px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Applying judgment and estimating.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Managing the complexities of data collection, storage, and maintenance. </font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Enhancing information technology systems to ensure their ability to perform the calculations necessary for compliance with reporting requirements. </font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Refining internal controls and other business processes related to leases. </font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Determining whether debt covenants are likely to be affected and, if so, working with lenders to avoid violations. </font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Addressing any income tax implications. </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The new guidance will be effective for public business entities for annual periods beginning after December 15, 2018 (e.g., calendar periods beginning on January 1, 2019), and interim periods therein.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 15, 2016, the FASB issued ASU 2016-07 &#147;Investments&#151;Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting&#148;, which simplifies the equity method of accounting by eliminating the requirement to retrospectively apply the equity method to an investment that subsequently qualifies for such accounting as a result of an increase in the level of ownership interest or degree of influence. Consequently, when an investment qualifies for the equity method (as a result of an increase in the level of ownership interest or degree of influence), the cost of acquiring the additional interest in the investee would be added to the current basis of the investor&#146;s previously held interest and the equity method would be applied subsequently from the date on which the investor obtains the ability to exercise significant influence over the investee. The ASU further requires that unrealized holding gains or losses in accumulated other comprehensive income related to an available-for-sale security that becomes eligible for the equity method be recognized in earnings as of the date on which the investment qualifies for the equity method.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The guidance in the ASU is effective for all entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years; early adoption is permitted for all entities. Entities are required to apply the guidance prospectively to increases in the level of ownership interest or degree of influence occurring after the ASU&#146;s effective date. Additional transition disclosures are not required upon adoption.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 17, 2016, the FASB issued ASU 2016-08 &#147;Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)&#148;, which amends the principal-versus-agent implementation guidance and illustrations in the Board&#146;s new revenue standard (ASU 2014-09). The FASB issued the ASU in response to concerns identified by stakeholders, including those related to (1) determining the appropriate unit of account under the revenue standard&#146;s principal-versus-agent guidance and (2) applying the indicators of whether an entity is a principal or an agent in accordance with the revenue standard&#146;s control principle. Among other things, the ASU clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. As defined in the ASU, a specified good or service is &#147;a distinct good or service (or a distinct bundle of goods or services) to be provided to the customer.&#148; Therefore, for contracts involving more than one specified good or service, the entity may be the principal for one or more specified goods or services and the agent for others.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The ASU has the same effective date as the new revenue standard (as amended by the one-year deferral and the early adoption provisions in ASU 2015-14). In addition, entities are required to adopt the ASU by using the same transition method they used to adopt the new revenue standard.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 30, 2016, the FASB issued ASU 2016-09 &#147;Compensation&#151;Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting&#148;, which simplifies several aspects of the accounting for employee share-based payment transactions for both public and nonpublic entities, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As of June 30, 2016, there are no other recently issued accounting standards not yet adopted that would or could have a material effect on the Company&#146;s consolidated financial statements.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>(x)</i></font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Contingencies</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company&#146;s management assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company&#146;s management evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company&#146;s consolidated financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Loss contingencies considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be disclosed.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>3.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>GOING CONCERN UNCERTAINTIES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">These financial statements have been prepared assuming that Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">As of June 30, 2016, the Company had accumulated deficit of $7,102,209 due to the substantial losses in operation in the current year. Management&#146;s plan to support the Company in operations and to maintain its business strategy is to raise funds through public and private offerings and to rely on officers and directors to perform essential functions with minimal compensation. If we do not raise all of the money we need from public or private offerings, we will have to find alternative sources, such as loans or advances from our officers, directors or others. Such additional financing may not become available on acceptable terms and there can be no assurance that any additional financing that the Company does obtain will be sufficient to meet its needs in the long term. Even if the Company is able to obtain additional financing, it may contain undue restrictions on our operations, in the case of debt financing, or cause substantial dilution for our stockholders, in the case of equity financing. If we require additional cash and cannot raise it, we will either have to suspend operations or cease business entirely.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">The accompanying financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>4.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>GOODWILL</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable assets acquired in a business combination. In accordance with FASB ASC Topic 350, &#147;Goodwill and Other Intangible Assets&#148;, goodwill is no longer subject to amortization. Rather, goodwill is subject to at least an annual assessment for impairment, applying a fair-value based test. Fair value is generally determined using a discounted cash flow analysis.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">On February 16, 2015, the Company, through Guangzhou Image, entered into an equity transfer agreement to acquire 100% of Yunnan Image. As of December 31, 2014, the net assets of Yunnan Image were $166,022. The purchase consideration was $489,515 (equivalent to RMB 3,000,000), which resulted in goodwill of USD 323,493.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Yunnan Image</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">323,493</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: Impairment loss</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(323,493</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total goodwill</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">The Company reviews the carrying value of the goodwill for impairment regularly. For the year ended December 31, 2015, the Company reviewed the carrying value of its goodwill and provided an impairment for such goodwill since the acquisition of Yunnan Image has not generated positive cash flow.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>5.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>OTHER RECEIVABLES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other receivables</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,894,700</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,911,361</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: Allowance for doubtful accounts</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(442,823</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(442,823</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other receivables, net</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,451,877</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,468,538</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>6.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>INVENTORIES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><b>&#160;</b></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Raw materials</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">237,552</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">169,397</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Packing materials</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,015</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,344</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Finished goods</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">464,596</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">264,231</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">716,163</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">447,972</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>7.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>PROPERTY, PLANT AND EQUIPMENT</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in; background-color: white">Property, plant and equipment consisted of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Building</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,112</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,561</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Motor vehicle</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">229,533</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">230,188</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Plant and equipment</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">16,464</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,890</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold improvement</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,051</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">268,161</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">267,649</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: Accumulated depreciation</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(51,757</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(35,459</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">216,404</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">232,180</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Depreciation expense for the three months ended June 30, 2016 and 2015 was $16,298 and $2,508, respectively.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>8.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>INCOME TAX</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; background-color: white">The Company is subject to US Income taxes.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; background-color: white; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; background-color: white">The Company&#146;s subsidiary Fortune Delight Holdings Group Limited was incorporated in the British Virgin Islands. The British Virgin Islands is an income tax free jurisdiction.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; background-color: white; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Silver Channel was incorporated in Hong Kong and is subject to the Inland Revenue Ordinance of Hong Kong. Hong Kong adopted a uniform tax rate of 16.5% for all enterprises.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; background-color: white; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">The Company&#146;s subsidiaries that were incorporated in the PRC and are governed by the Income Tax Law of the PRC and various local income tax laws. Effective January 1, 2008, China adopted a uniform tax rate of 25% for all enterprises including foreign-invested enterprises.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">The Company did not recognize any deferred tax assets during the years ended December 31, 2015 and 2014 and the Company has not yet determined when it would be able to make use of such potential assets.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">The following tables provide the reconciliation of the differences between the statutory and effective tax expenses for six months ended June 30, 2016 and 2015:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2016</i></font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2015</i></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 66%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loss attributed to PRC &#38; Hong Kong</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(334,557</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(243,992</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loss attributed to US</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(49,032</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4,694,819</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income before tax</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(383,589</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4,938,811</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">PRC Statutory Tax at 25% Rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Effect of tax exemption granted</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><i><u>Per Share Effect of Tax Exemption</u></i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2016</i></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2015</i></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Effect of tax exemption granted</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 66%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted-Average Shares Outstanding Basic</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="width: 14%; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">395,000,000</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="width: 14%; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">70,000,000</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Per share effect</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in">The difference between the U.S. federal statutory income tax rate and the Company&#146;s effective tax rate was as follows for six months ended June 30, 2016 and 2015:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2016</i></font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2015</i></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 66%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">U.S. federal statutory income tax rate</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">35</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">35</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Lower rates in PRC, net</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-10</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-10</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Tax holiday for foreign investments</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-25</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-25</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The Company&#146;s effective tax rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>9.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>LOSS PER SHARE</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">The following table sets forth the computation of basic and diluted earnings per share of common stock:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>For the six months ended </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2015</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Basic loss per share:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Numerator:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 66%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss used in computing basic earnings per share</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(383,598</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4,938,811</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Denominator:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average common shares outstanding</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">395,000,000</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">70,000,000</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Basic loss per share</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.00</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.00</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Diluted earnings per share:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Numerator:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss used in computing diluted earnings per share</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(383,598</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4,938,811</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Denominator:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average common shares outstanding</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">395,000,000</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">70,000,000</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Diluted loss per share</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.00</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.00</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Dilutive securities having an anti-dilutive effect on diluted (loss) earnings per share are excluded from the calculation.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>10.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>OTHER COMPREHENSIVE INCOME</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Accumulated other comprehensive income included in stockholders&#146; equity as of June 30, 2016 and December 31, 2015 was as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accumulated other comprehensive income, beginning of period</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">77,103</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">41,131</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Change in cumulative translation adjustment</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">46,822</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">35,972</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accumulated other comprehensive income, end of period</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">123,925</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">77,103</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>11.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>RELATED PARTY TRANSACTION</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Related party receivable consisted of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Image Industrial Development Limited, same management personnel</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,394</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">8,392</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wu Junrui, former director</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">52,406</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">49,328</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Lin Qi Shui, chairman of Yunnan Image</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">192,583</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">60,800</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">250,503</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">The amounts are unsecured, interest-free and due on demand.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Related party payable consisted of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Wu Ping, director of Yunnan Image</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">5,028</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">68,665</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Lin Qi Shui, chairman of Yunnan Image</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">73,758</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">78,786</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">68,665</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">The amounts are unsecured, interest-free and due on demand.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Beginning May 2016, the Company is currently subleasing an office space from a related party, Image Industrial Development Limited, on a month to month basis at a monthly rate of about $ 4,705 (HKD 36,518).</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>12.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>RISKS CONCENTRATION</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">As of June 30, 2016, the Company had two suppliers in procuring tea. Payment in form of advances were paid to the supplier as part of its procurement process. This is due in part to the Company&#146;s development of its product portfolio specifically for Pu&#146;er tea, which is grown and harvested in Yunnan Province, PRC. As the Company expands its product portfolio to incorporate other teas, it expects to source different teas from different suppliers in different geographic areas in the PRC.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">A.</font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif">Major Customers and Accounts Receivable </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company had certain customers whose revenue individually represented 10% or more of the Company&#146;s total revenue, or whose accounts receivable balances individually represented 10% or more of the Company&#146;s total accounts receivable. For the six months ended June 30, 2016, one customer accounted for 71% of revenue, respectively.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As of June 30, 2016, three customers accounted for 18%, 31%, and 44% of accounts receivable.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">B.</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Major Vendors and Accounts Payable</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company had certain vendors who represented 10% or more of the Company&#146;s total cost of sales or expenses, or whose accounts payable balances individually represented 10% or more of the Company&#146;s total accounts payable. For the six months ended June 30, 2016, one vendor accounted for 100% of accounts payable.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(a)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Method of Accounting </i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America (&#147;US GAAP&#148;) and have been consistently applied in the presentation of financial statements.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(b)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Basis of Presentation</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The accompanying consolidated financial statements have been prepared in conformity with US GAAP.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(c)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Principles of Consolidation</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The consolidated financial statements include the accounts of the Company, its subsidiaries for which the Company is the primary beneficiary. All significant inter-company accounts and transactions have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of those wholly-owned subsidiaries.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As of June 30, 2016, the detailed identities of the consolidating subsidiaries are as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Name of company</font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Place of incorporation</font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Attributable equity interest%</font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Registered </font><br /> <font style="font: 10pt Times New Roman, Times, Serif">capital</font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 45%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Fortune Delight Holdings Group Limited</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 18%; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">British Virgin Islands</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 16%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">50,000</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Silver Channel Industrial Limited</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Hong Kong</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Heyuan Image Equipment Import Export Co., Ltd.</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">P.R.C.</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">515,849</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Guangzhou Image Agricultural Technology Co., Ltd.</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">P.R.C.</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">1,636,902</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Yunnan Image Tea Industry Co., Ltd.</font></td> <td style="line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">P.R.C.</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">100</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">491,071</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(d)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Economic and Political Risks</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#146;s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic, legal environment and foreign currency exchange. The Company&#146;s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, restriction on international remittances, and rates and methods of taxation, among other things.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(e)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Use of Estimates</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">In preparing financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting years. These accounts and estimates include, but are not limited to, the estimation on useful lives of property, plant and equipment. Actual results could differ from those estimates.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(f)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Cash and Cash Equivalents</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Cash and cash equivalents include cash in hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less. As of June 30, 2016, cash and cash equivalents were mainly denominated in HKD and were placed with banks in Hong Kong. Cash and cash equivalents denominated in RMB may not be freely convertible into foreign currencies and the remittance of these funds out of the PRC may be subjected to exchange control restrictions imposed by the PRC government.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(g)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Accounts Receivable</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company maintains allowances for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these allowances. Terms of sales vary. Allowances are recorded primarily on a specific identification basis.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As of June 30, 2016, no provision for allowance for doubtful accounts was provided.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(h)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Other Receivables </i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Other receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is made when recovery of the full amount is doubtful.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(i)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Inventories</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Inventories are stated at the lower of cost or market value. Cost is computed using the first-in, first-out method and includes all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. Market value is determined by reference to the sales proceeds of items sold in the ordinary course of business or estimates based on prevailing market conditions.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(j)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Property, Plant and Equipment</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Property and equipment are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives of:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 50%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Building</font></td> <td style="width: 50%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">20 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Computer</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3 years</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Motor vehicles</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">4 years</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(k)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Accounting for Impairment of Long-Lived Assets</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company adopts Accounting Standards Codification (&#147;ASC&#148;) 360, &#147;Accounting for the Impairment or Disposal of Long-Live Assets&#148;, which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 360 which requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets&#146; carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. It is reasonably possible that these assets could become impaired as a result of technology or other industry changes. Recoverability of assets to be held and used is determined by comparing the carrying amount of an asset to future net undiscounted cash flows to be generated by the assets.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. During the reporting periods, there was no impairment loss.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(l)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Customer Advances</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Customer advance was received from customers in connection with orders of products to be delivered in future periods.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(n)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Cost of Sales</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#146;s cost of sales is comprised of the inbound acquisition cost of packaged finished goods for resale, inbound shipping, value added tax and business taxes recognized upon sales of goods.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(o)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Selling Expenses</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Selling expenses are comprised of salaries for the sales force, client entertainment, commissions, advertising, and travel and lodging expenses.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(p)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>General &#38; Administrative Expenses</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">General and administrative expenses include executive compensation, general overhead such as the finance department and administrative staff, depreciation, office rental and utilities.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(q)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Foreign Currency Translation</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company maintains its financial statements in the functional currencies on Chinese Renminbi (RMB) and Hong Kong Dollars (&#147;HKD&#148;). Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchanges rates prevailing at the dates of the transaction. Exchange gains or losses arising from foreign currency transactions are included in the determination of net income for the respective periods.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">For financial reporting purposes, the financial statements of the Company, which are prepared using the functional currency, have been translated into United States dollars. Assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated at the average exchange rates and stockholders&#146; equity is translated at historical exchange rates. Translation adjustments are not included in determining net loss but are included in foreign exchange adjustment to other comprehensive loss, a component of stockholders&#146; equity.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>Exchange Rates</i></font></td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2016</i></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>12/31/2015</i></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2015</i></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 49%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Period/Year end RMB : US$ exchange rate</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.6433</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.4907</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.0888</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Average period/year RMB : US$ exchange rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.5353</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.2175</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">6.1128</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Period/Year end HKD : US$ exchange rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7563</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7504</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7522</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Average period/year HKD : US$ exchange rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7646</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7521</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">7.7535</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation. The HKD is freely convertible into other foreign currencies.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(r)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Income Taxes</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company adopts SFAS No. 109, Accounting for Income Taxes, included in the Codification as ASC 740, <i>Income Taxes,</i> which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On January 1, 2007, The Company adopted the provisions of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (&#147;FIN 48&#148;), included in the Codification as ASC 740, <i>Income Taxes.</i> The topic addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(s)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Statutory Reserve</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Statutory reserve refers to the amount appropriated from the net income in accordance with PRC laws or regulations, which can be used to recover losses and increase capital, as approved, and, are to be used to expand production or operations. PRC laws prescribe that an enterprise operating at a profit, must appropriate, on an annual basis, from its earnings, an amount to the statutory reserve to be used for future company development. Such an appropriation is made until the reserve reaches a maximum equal to 50% of the enterprise&#146;s registered capital.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(t)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Fair Value of Financial Instruments</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">For certain of the Company&#146;s financial instruments, including cash and equivalents, accounts and other receivables, accounts and other payables, accrued liabilities and short-term debt, the carrying amounts approximate their fair values due to their short maturities. ASC Topic 820, &#147;Fair Value Measurements and Disclosures,&#148; requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, &#147;Financial Instruments,&#148; defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px; line-height: 115%">&#160;</td> <td style="width: 24px; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">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 asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.</font></td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, &#147;Distinguishing Liabilities from Equity,&#148; and ASC 815.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#146;s financial instruments include cash and equivalents, accounts receivable, and accounts payable. Cash and cash equivalents consist of deposits financial institutions with original maturities of three months or less. Management estimates the carrying amounts of the non-related party financial instruments approximate their fair values due to their short-term nature.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The following is table of the Company&#146;s financial instruments:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><u>As of June 30, 2016:</u></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="14" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Carrying amount</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 1</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 2</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 3</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Estimated</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>fair value</b></p></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 39%; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Financial assets</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 13%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Carried at (amortized) cost:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">65,908</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">65,908</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><u>As of December 31, 2015</u>:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="14" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Carrying amount</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 1</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 2</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level 3</b></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Estimated</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b>fair value</b></p></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 39%; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Financial assets</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 12%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 13%; text-align: right; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Carried at (amortized) cost:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Cash and cash equivalents</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">78,753</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">78,753</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(u)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Other Comprehensive Income</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#146;s functional currency is the Renminbi (&#147;RMB&#148;). For financial reporting purposes, RMB were translated into United States Dollars (&#147;USD&#148; or &#147;$&#148;) as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders&#146; equity as &#147;Accumulated other comprehensive income&#148;. Gains and losses resulting from foreign currency transactions are included in income.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company uses FASB ASC Topic 220, &#147;Reporting Comprehensive Income&#148;. Comprehensive loss is comprised of net loss and all changes to the statements of stockholders&#146; equity, except for changes in paid-in capital and distributions to stockholders due to investments by stockholders.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(v)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Business combination</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Business combinations are accounted for under the acquisition method of accounting in accordance with ASC 805, <i>Business Combinations. </i>Under the acquisition method the acquiring entity in a business combination recognizes 100 percent of the acquired assets and assumed liabilities, regardless of the percentage owned, at their estimated fair values as of the date of acquisition. Any excess of the purchase price over the fair value of net assets and other identifiable intangible assets acquired is recorded as goodwill. To the extent the fair value of net assets acquired, including other identifiable assets, exceed the purchase price, a bargain purchase gain is recognized. Assets acquired and liabilities assumed from contingencies must also be recognized at fair value, if the fair value can be determined during the measurement period. Results of operations of an acquired business are included in the statement of earnings from the date of acquisition. Acquisition-related costs, including conversion and restructuring charges, are expensed as incurred.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(w)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Recent Accounting Pronouncements</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On January 5, 2016, the FASB issued ASU 2016-01 &#147;Financial Instruments&#151;Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities&#148;, which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Although the ASU retains many current requirements, it significantly revises an entity&#146;s accounting related to (1) the classification and measurement of investments in equity securities and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. The ASU also amends certain disclosure requirements associated with the fair value of financial instruments. The new standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2017.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On February 25, 2016, the FASB issued ASU 2016-02 &#147;Leases (Topic 842)&#148;, its new standard on accounting for leases. ASU 2016-02 introduces a lessee model that brings most leases on the balance sheet. The new standard also aligns many of the underlying principles of the new lessor model with those in ASC 606, the FASB&#146;s new revenue recognition standard (e.g., those related to evaluating when profit can be recognized).</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Furthermore, the ASU addresses other concerns related to the current leases model. For example, the ASU eliminates the requirement in current U.S. GAAP for an entity to use bright-line tests in determining lease classification. The standard also requires lessors to increase the transparency of their exposure to changes in value of their residual assets and how they manage that exposure. The new model represents a wholesale change to lease accounting. As a result, entities will face significant implementation challenges during the transition period and beyond, such as those related to:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 72px; text-align: justify; line-height: 115%">&#160;</td> <td style="width: 24px; text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Applying judgment and estimating.</font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Managing the complexities of data collection, storage, and maintenance. </font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Enhancing information technology systems to ensure their ability to perform the calculations necessary for compliance with reporting requirements. </font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Refining internal controls and other business processes related to leases. </font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Determining whether debt covenants are likely to be affected and, if so, working with lenders to avoid violations. </font></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: top"> <td style="text-align: justify; line-height: 115%">&#160;</td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Addressing any income tax implications. </font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The new guidance will be effective for public business entities for annual periods beginning after December 15, 2018 (e.g., calendar periods beginning on January 1, 2019), and interim periods therein.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 15, 2016, the FASB issued ASU 2016-07 &#147;Investments&#151;Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting&#148;, which simplifies the equity method of accounting by eliminating the requirement to retrospectively apply the equity method to an investment that subsequently qualifies for such accounting as a result of an increase in the level of ownership interest or degree of influence. Consequently, when an investment qualifies for the equity method (as a result of an increase in the level of ownership interest or degree of influence), the cost of acquiring the additional interest in the investee would be added to the current basis of the investor&#146;s previously held interest and the equity method would be applied subsequently from the date on which the investor obtains the ability to exercise significant influence over the investee. The ASU further requires that unrealized holding gains or losses in accumulated other comprehensive income related to an available-for-sale security that becomes eligible for the equity method be recognized in earnings as of the date on which the investment qualifies for the equity method.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The guidance in the ASU is effective for all entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years; early adoption is permitted for all entities. Entities are required to apply the guidance prospectively to increases in the level of ownership interest or degree of influence occurring after the ASU&#146;s effective date. Additional transition disclosures are not required upon adoption.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 17, 2016, the FASB issued ASU 2016-08 &#147;Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)&#148;, which amends the principal-versus-agent implementation guidance and illustrations in the Board&#146;s new revenue standard (ASU 2014-09). The FASB issued the ASU in response to concerns identified by stakeholders, including those related to (1) determining the appropriate unit of account under the revenue standard&#146;s principal-versus-agent guidance and (2) applying the indicators of whether an entity is a principal or an agent in accordance with the revenue standard&#146;s control principle. Among other things, the ASU clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. As defined in the ASU, a specified good or service is &#147;a distinct good or service (or a distinct bundle of goods or services) to be provided to the customer.&#148; Therefore, for contracts involving more than one specified good or service, the entity may be the principal for one or more specified goods or services and the agent for others.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The ASU has the same effective date as the new revenue standard (as amended by the one-year deferral and the early adoption provisions in ASU 2015-14). In addition, entities are required to adopt the ASU by using the same transition method they used to adopt the new revenue standard.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">On March 30, 2016, the FASB issued ASU 2016-09 &#147;Compensation&#151;Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting&#148;, which simplifies several aspects of the accounting for employee share-based payment transactions for both public and nonpublic entities, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">As of June 30, 2016, there are no other recently issued accounting standards not yet adopted that would or could have a material effect on the Company&#146;s consolidated financial statements.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(x)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Contingencies</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company&#146;s management assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company&#146;s management evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company&#146;s consolidated financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Loss contingencies considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be disclosed.</p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Yunnan Image</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">323,493</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: Impairment loss</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(323,493</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Total goodwill</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other receivables</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,894,700</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,911,361</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: Allowance for doubtful accounts</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(442,823</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(442,823</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Other receivables, net</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,451,877</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">2,468,538</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Raw materials</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">237,552</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">169,397</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Packing materials</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,015</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">14,344</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Finished goods</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">464,596</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">264,231</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">716,163</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">447,972</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in; background-color: white">Property, plant and equipment consisted of the following:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in; background-color: white">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Building</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,112</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">19,561</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Motor vehicle</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">229,533</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">230,188</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Plant and equipment</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">16,464</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">17,890</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Leasehold improvement</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">3,051</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">268,161</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">267,649</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Less: Accumulated depreciation</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(51,757</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(35,459</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">216,404</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">232,180</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">The following tables provide the reconciliation of the differences between the statutory and effective tax expenses for six months ended June 30, 2016 and 2015:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2016</i></font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2015</i></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 66%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loss attributed to PRC &#38; Hong Kong</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(334,557</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(243,992</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Loss attributed to US</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(49,032</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4,694,819</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income before tax</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(383,589</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4,938,811</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">PRC Statutory Tax at 25% Rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Effect of tax exemption granted</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Income tax</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">9</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in"><i><u>Per Share Effect of Tax Exemption</u></i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2016</i></font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2015</i></font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Effect of tax exemption granted</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 66%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted-Average Shares Outstanding Basic</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="width: 14%; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">395,000,000</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="width: 14%; border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">70,000,000</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Per share effect</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in">The difference between the U.S. federal statutory income tax rate and the Company&#146;s effective tax rate was as follows for six months ended June 30, 2016 and 2015:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2016</i></font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><i>6/30/2015</i></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 66%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">U.S. federal statutory income tax rate</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">35</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 14%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">35</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Lower rates in PRC, net</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-10</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-10</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Tax holiday for foreign investments</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-25</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">-25</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">The Company&#146;s effective tax rate</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">0</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">%</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in">The following table sets forth the computation of basic and diluted earnings per share of common stock:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>For the six months ended </b></font><br /> <font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2016</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>2015</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td colspan="2" style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Basic loss per share:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Numerator:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 66%; padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss used in computing basic earnings per share</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(383,598</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 14%; border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4,938,811</font></td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Denominator:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average common shares outstanding</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">395,000,000</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">70,000,000</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Basic loss per share</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.00</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.00</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Diluted earnings per share:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Numerator:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Net loss used in computing diluted earnings per share</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(383,598</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(4,938,811</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Denominator:</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 20pt; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average common shares outstanding</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">395,000,000</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">70,000,000</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Diluted loss per share</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.00</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">(0.00</font></td> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Accumulated other comprehensive income included in stockholders&#146; equity as of June 30, 2016 and December 31, 2015 was as follows:</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>June 30,</b> <b>2016</b> </font></td> <td style="text-align: center; line-height: 115%">&#160;</td> <td style="text-align: center; line-height: 115%">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif"><b>December 31, 2015</b></font></td> <td style="text-align: center; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="text-align: right; line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 58%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accumulated other comprehensive income, beginning of period</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">77,103</font></td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%">&#160;</td> <td style="width: 1%; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 18%; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">41,131</font></td> <td style="width: 1%; line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Change in cumulative translation adjustment</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">46,822</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; line-height: 115%">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">35,972</font></td> <td style="line-height: 115%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">Accumulated other comprehensive income, end of period</font></td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">123,925</font></td> <td style="line-height: 115%">&#160;</td> <td style="line-height: 115%">&#160;</td> <td style="border-bottom: black 2.25pt double; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right; line-height: 115%"><font style="font: 10pt Times New Roman, Times, Serif">77,103</font></td> <td style="line-height: 115%">&#160;</td></tr> </table> <p style="margin: 0pt"></p> <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>1.</b></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><b>ORGANIZATION AND PRINCIPAL ACTIVITIES</b></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><i>Business</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0in"><b>&#160;</b></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Image Chain Group Limited, Inc. (formerly Have Gun Will Travel Entertainment, Inc.) (&#147;ICGL&#148; or the &#147;Company&#148;) was incorporated under the laws of Nevada on December 18, 2013. From inception through the date of the Share Exchange as defined below, the Company was an emerging forward-thinking full-service television pre-production company dedicated to the creation of original concepts and programming with a bold and innovative edge in the reality television space for sale, option and licensure to independent producers, cable television networks, syndication companies, and other entities. On June 11, 2015, the Company amended its Articles of Incorporation with the State of Nevada in order to change its name to Image Chain Group Limited, Inc. and to increase the authorized shares of common stock from 70,000,000 to 400,000,000 (the &#147;Amendments&#148;). The name change was undertaken in order to more closely align with the operations of the Company&#146;s wholly-owned subsidiary, Fortune Delight Holdings Group Ltd (&#147;FDHG&#148;). The increase in authorized shares was undertaken to allow the Company to utilize the newly available shares to raise capital. The board of directors and the stockholders of the Company approved the Amendments on May 8, 2015.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">FDHG, through its wholly-owned operating subsidiaries, is in the business of promoting and distributing its own branded teas that are grown, harvested, cured, and packaged in the People&#146;s Republic of China (&#147;PRC&#148;). The Company&#146;s headquarters is located in Guangzhou, Guangdong Province, PRC. Currently, the Company&#146;s products are sold in the PRC for domestic consumption.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><i>Share Exchange</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">On May 5, 2015, ICGL entered into a share exchange agreement (the &#147;Exchange Agreement&#148;) with FDHG and Wu Jun Rui, on behalf of himself and certain other individuals who were to receive shares of ICGL pursuant to the Exchange Agreement (the &#147;Shareholders&#148;). On the terms and subject to the conditions set forth in the Exchange Agreement, on May 5, 2015, Wu Jun Rui transferred all 50,000 shares of FDHG common stock, consisting of all of the issued and outstanding shares of FDHG, to ICGL in exchange for the issuance to the shareholders of 59,620,000 shares of the Company&#146;s common stock, par value $.001 per share and 5,000,000 shares of the Company&#146;s preferred stock, par value $.001 per share. The preferred stock is not convertible nor mandatorily redeemable; it does not pay dividends or carrying any voting rights but is entitled to liquidation preference.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">As a result of the closing of the Exchange Agreement, FDHG became the Company&#146;s wholly owned subsidiary. FDHG is an investment holding company incorporated and domiciled in the British Virgin Islands. FDHG wholly owns Silver Channel Industrial Limited, a limited company incorporated, registered, and domiciled in Hong Kong.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">The securities purchase agreement transaction is referred to hereafter as the &#147;reverse-merger transaction.&#148; The share exchange transaction has been accounted for as a recapitalization of ICGL where ICGL (the legal acquirer) is considered the accounting acquiree and FDHG (the legal acquiree) is considered the accounting acquirer. As a result of this transaction, ICGL is deemed to be a continuation of the business of FDHG.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">Accordingly, the accompanying consolidated financial statements are those of the accounting acquirer, FDHG. The historical stockholders&#146; equity of the accounting acquirer prior to the share exchange has been retroactively restated as if the share exchange transaction occurred as of the beginning of the first period presented.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><i>Organization History of Silver Channel Industrial Limited and its subsidiaries</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><i>&#160;</i></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">On January 28, 2011, Silver Channel incorporated Heyuan Image Equipment Import Export Co., Ltd. (&#147;Heyuan Image&#148;) as a wholly foreign owned enterprise (&#147;WFOE&#148;) registered in Heyuan City, Guangdong Province, PRC. Heyuan Image was dormant for the six months ended and year ended June 30, 2016 and December 31, 2015. Heyuan Image is wholly owned by Silver Channel. Heyuan Image has a registered capital of HKD 4,000,000 of which HKD 3,380,000 has been paid up.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">On August 18, 2014, the Company, through its subsidiary Heyuan Image, acquired 100% equity of Guangzhou Image Agricultural Technology Co., Ltd. (&#147;Guangzhou Image&#148;). Guangzhou Image is a limited liability company registered in Guangzhou City, Guangdong Province, PRC. Guangzhou Image has not yet engaged in operating activities since its incorporation. Guangzhou Image is wholly owned by Heyuan Image. Guangzhou Image has a registered capital of RMB 10 million of which is still outstanding.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">On February 16, 2015, Guangzhou Image entered into an equity transfer agreement with all the shareholders of Yunnan Image Tea Industry Co., Ltd. (&#147;Yunnan Image&#148;). Guangzhou Image paid RMB 3,000,000 to all the shareholders of Yunnan Image for 100% equity interest in Yunnan Image. Yunnan Image is a limited liability company registered in Xishuangbanna, Yunnan Province PRC. Yunnan Image was incorporated on August 23, 2013. Yunnan Image is the primary operating entity to carry out the Company&#146;s core business activities of selling and marketing its own branded teas. Yunnan Image is wholly-owned by Guangzhou Image. Yunnan Image has a registered capital of RMB 3 million. The capital has been paid up in its entirety.</p> 1.00 166022 0001598924 2016 10389 10781 680178 480061 447972 716163 2468538 2451877 250303 60800 55 11767 3985108 3797357 232180 216404 4217288 4013761 491643 369712 1730 527 372374 354367 387927 374415 68665 78786 1563798 1537847 2886137 2715654 5000 5000 395000 395000 67036674 67036674 -59464013 -59160283 -6718613 -7102209 1331151 1298107 4217288 4013761 298501 222893 149475 87727 149026 135166 532843 5083114 532843 5083114 -383817 -4947948 2 107 228 9137 -383589 -4938811 9 46822 -26904 -336776 -4965715 -0.05 -0.05 -395000000 -104356556 395000000 104356556 -383598 -4938811 16298 13385 443215 -12819 -200117 -13974 268191 406847 -459484 1889483 -189503 462121 -121931 58016 -13512 387461 10122 396326 -25950 731093 -362875 -1908654 522 201718 -522 -201718 46822 -81420 2449160 303730 2449160 1 107 -12845 257368 4681819 11712 -1203 3327 -18007 -461902 -303730 48920 226 9030 -48920 47710 <p style="margin: 0pt"></p> <table cellspacing="0" cellpadding="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif">&#160;</td> <td style="width: 24px; font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>(m)</i></font></td> <td style="font: 11pt/115% Calibri, Helvetica, Sans-Serif"><font style="font: 10pt Times New Roman, Times, Serif"><i>Revenue Recognition</i></font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company&#146;s revenue recognition policies are in compliance with Staff Accounting Bulletin (&#147;SAB&#148;) 104, included in the Codification as ASC 605, <i>Revenue Recognition</i>. Sales revenue is recognized at the date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">The Company does not allow its customers to return products. The Company&#146;s customers can exchange products only if they are damaged in transportation.</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">&#160;</p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify">Revenue reported is net of value added tax.</p> 36518 4705 EX-101.SCH 5 icgl-20160630.xsd XBRL SCHEMA FILE 00000001 - Document - Document And Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Consolidated Condensed Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Consolidated Condensed Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Consolidated Statements of Operations and Comprehensive (Loss)/Income link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 00000006 - Disclosure - Organization and Principal Activities link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Going Concern Uncertainties link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Goodwill link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Other Receivables link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Inventories link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Property, Plant and Equipment link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Income Tax link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Loss Per Share link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Other Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Related Party Transaction link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Risks Concentration link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Goodwill (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Other Receivables (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Inventories (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Property, Plant and Equipment (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Income Tax (Tables) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Loss Per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Other Comprehensive Income (Tables) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Related Party Transaction (Tables) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Organization and Principal Activities (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Summary of Significant Accounting Policies - Summary of Identities of Consolidated Subsidiaries (Details) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Summary of Significant Accounting Policies - Schedule of Property and Equipment Estimated Lives (Details) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Summary of Significant Accounting Policies - Schedule of Foreign Currency Translation (Details) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Summary of Significant Accounting Policies - Schedule of Fair Value Measurements Recurring and Nonrecurring (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Going Concern Uncertainties (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Goodwill (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Goodwill - Schedule of Goodwill (Details) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Other Receivables - Schedule of Other Receivables (Details) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Inventories - Schedule of Inventory (Details) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Property, Plant and Equipment (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Income Tax (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000042 - Disclosure - Income Tax - Schedule of Reconciliation of Statutory and Effective Tax Expense (Details) link:presentationLink link:calculationLink link:definitionLink 00000043 - Disclosure - Income Tax - Schedule of Reconciliation of Statutory and Effective Tax Expense (Details) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000044 - Disclosure - Income Tax - Schedule of Per Share Effect of Tax Exemption (Details) link:presentationLink link:calculationLink link:definitionLink 00000045 - Disclosure - Income Tax - Schedule of Effective Tax Rate (Details) link:presentationLink link:calculationLink link:definitionLink 00000046 - Disclosure - Loss Per Share - Schedule of Earnings Per Share Basic and Diluted (Details) link:presentationLink link:calculationLink link:definitionLink 00000047 - Disclosure - Other Comprehensive Income - Schedule of Accumulated Other Comprehensive Income (Details) link:presentationLink link:calculationLink link:definitionLink 00000048 - Disclosure - Related Party Transaction (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000049 - Disclosure - Related Party Transaction - Schedule of Related Party Receivable (Details) link:presentationLink link:calculationLink link:definitionLink 00000050 - Disclosure - Related Party Transaction - Schedule of Related Party Payable (Details) link:presentationLink link:calculationLink link:definitionLink 00000051 - Disclosure - Risks Concentration (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 6 icgl-20160630_cal.xml XBRL CALCULATION FILE EX-101.DEF 7 icgl-20160630_def.xml XBRL DEFINITION FILE EX-101.LAB 8 icgl-20160630_lab.xml XBRL LABEL FILE Building [Member] Property, Plant and Equipment, Type [Axis] Computer [Member] Motor Vehicles [Member] Plant and Equipment [Member] Fortune Delight Holdings Group Limited [Member] Legal Entity [Axis] Silver Channel Industrial Limited [Member] Heyuan Image Equipment Import Export Co., Ltd [Member] Guangzhou Image Agricultural Technology Co., Ltd [Member] Yunnan Image Tea Industry Co., Ltd [Member] Heiyuan Image Equipment Import Export Co., Ltd [Member] HKD [Member] Currency [Axis] RMB [Member] Period/Year End RMB [Member] Average Period/Year RMB [Member] Period/Year End HKD [Member] Average Period/Year HKD [Member] Fair Value, Inputs, Level 1 [Member] Fair Value, Hierarchy [Axis] Fair Value, Inputs, Level 2 [Member] Fair Value, Inputs, Level 3 [Member] China Tax Authority [Member] Income Tax Authority [Axis] Hong Kong Authority [Member] Image Industrial Development Limited, Same Management Personnel [Member] Related Party [Axis] Wu Junrui, Former Director [Member] Previously Reported [Member] Scenario [Axis] Amendments Reported [Member] Wu Jun Rui [Member] FDHG, to ICGL Exchange [Member] Entity Listings, Exchange [Axis] Shareholders of Yunnan Image[Member] Wu Ping, Director Of Yunnan Image [Member] Related Party Payable [Member] Related Party Receivable [Member] PRC [Member] Geographical [Axis] Lin Qi Shui, Chairman Of Yunnan Image [Member] Revenue [Member] Concentration Risk Benchmark [Axis] One Customer [Member] Concentration Risk Type [Axis] Accounts Receivable [Member] Accounts Payable [Member] One Vendors [Member] Revenue Individually [Member] Accounts Payable Balances Individually [Member] Vendors [Member] Accounts Receivable Balances Individually [Member] Two Customer [Member] Three Customer [Member] Leasehold Improvement [Member] Image Industrial Development Limited [Member] Document And Entity Information [Abstract] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Filer Category Entity Common Stock, Shares Outstanding Trading Symbol Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS Current assets Cash and cash equivalents Accounts receivable, net Advanced to suppliers Inventories Refundable deposits Other receivables, net Related party receivable Prepaid tax Total current assets Non-current assets Property, plant and equipment, net TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY COMMITMENTS AND CONTINGENCIES Current liabilities Accounts payable Tax payable Other payables Accrued liabilities Related party payable Customer advance TOTAL LIABILITIES STOCKHOLDERS' EQUITY Preferred Stock, $0.001 par value, 5,000,000 shares authorized, issued and outstanding as of June 30, 2016 and December 31, 2015, respectively Common stock, US$0.001 par value, 400,000,000 shares authorized, 395,000,000 and 70,000,000 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively Additional paid in capital Subscription receivable Accumulated deficit Accumulated other comprehensive income TOTAL STOCKHOLDERS' EQUITY TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY Preferred stock, par value Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Sales, net Cost of sales Gross profit/(loss) Operating expenses: Selling, general and administrative expenses Total operating expenses Loss from operations Other income (expense): Interest income Other income Total other income (expense) Loss before income taxes Provision for income tax Net loss Other comprehensive income: Foreign currency translation adjustment gain/(loss) Comprehensive loss Net loss per share Basic Diluted Weighted average number of common shares outstanding Basic Diluted Statement of Cash Flows [Abstract] CASH FLOWS USED IN OPERATING ACTIVITIES Net loss Adjustments to reconcile net income to net cash provided by operating activities: Stock compensation Depreciation Changes in operating assets and liabilities: Decrease/(increase) in accounts receivable Decrease in advance to suppliers Increase in inventories Decrease/(increase) in refundable deposit Decrease/(increase) in other receivable Decrease/(increase) in related party receivable Increase in prepaid taxes (Decrease)/increase in accounts payable (Decrease)/increase in taxes payable (Decrease)/increase in other payables (Decrease)/increase in accrued liabilities Decrease in related party payable (Decrease)/increase in customer advances Net cash (used in) /provided by in operating activities CASH FLOWS USED IN FROM INVESTING ACTIVITIES Purchase of property, plant and equipment Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from stock issuance Reduction in subscription receivable from receipt of proceeds Net cash provided by financing activities Effect of exchange rate changes on cash and cash equivalents Net decrease in cash and cash equivalents Cash and cash equivalents, beginning balance Cash and cash equivalents, ending balance SUPPLEMENTAL DISCLOSURES: Interest received Interest paid Income tax paid Organization, Consolidation and Presentation of Financial Statements [Abstract] Organization and Principal Activities Accounting Policies [Abstract] Summary of Significant Accounting Policies Going Concern Uncertainties Goodwill and Intangible Assets Disclosure [Abstract] Goodwill Other Receivables, Net, Current [Abstract] Other Receivables Inventory Disclosure [Abstract] Inventories Property, Plant and Equipment [Abstract] Property, Plant and Equipment Income Tax Disclosure [Abstract] Income Tax Earnings Per Share [Abstract] Loss Per Share Stockholders' Equity Note [Abstract] Other Comprehensive Income Related Party Transactions [Abstract] Related Party Transaction Risks and Uncertainties [Abstract] Risks Concentration Method of Accounting Basis of Presentation Principles of Consolidation Economic and Political Risks Use of Estimates Cash and Cash Equivalents Accounts Receivable Other Receivables Inventories Property, Plant and Equipment Accounting for Impairment of Long-lived Assets Customer Advances Revenue Recognition Cost of Sales Selling Expenses General & Administrative Expenses Foreign Currency Translation Income Taxes Statutory Reserve Fair Value of Financial Instruments Other Comprehensive Income Business Combination Recent Accounting Pronouncements Contingencies Summary of Identities of Consolidated Subsidiaries Schedule of Property and Equipment Estimated Lives Schedule of Foreign Currency Translation Schedule of Fair Value Measurements Recurring and Nonrecurring Schedule of Goodwill Schedule of Other Receivables Schedule of Inventory Summary of Property, Plant and Equipment Income Tax Tables Schedule of Reconciliation of Statutory and Effective Tax Expense Schedule of Per Share Effect of Tax Exemption Schedule of Effective Tax Rate Schedule of Earnings Per Share Basic and Diluted Schedule of Accumulated Other Comprehensive Income Statement [Table] Statement [Line Items] Schedule of Related Party Transactions Holding common stock in exchange agreement Common stock, shares, issued Common stock, par or stated value per share Preferred stock, par or stated value per share Capital Paid up capital Noncontrolling interest, ownership percentage by parent Paid to all shareholders Percentage of assets, liabilities and net income or loss of wholly-owned subsidiaries Provision for allowance for doubtful accounts Maximum statutory reserve percentage Business combination recognizes of acquired assets and assumed liabilities percentage owned Place of incorporation Attributable equity interest % Registered capital Property, Plant and Equipment [Table] Class of Stock [Axis] Property, Plant and Equipment, Useful Life Foreign Currency Exchange Rate, Translation Accumulated deficit Net assets Purchase consideration Goodwill Yunnan Image Less: Impairment loss Total goodwill Other receivables Less: Allowance for doubtful accounts Other receivable, net Raw materials Packing materials Finished goods Inventory net Depreciation expenses Property, Plant and Equipment, Gross Less: Accumulated depreciation Property, Plant and Equipment, Net Effective income tax rate Deferred tax assets Income attributed to PRC & Hong Kong Loss attributed to US Income before tax PRC Statutory Tax at 25% Rate Effect of tax exemption granted Income tax Statutory tax rate Effect of tax exemption granted Weighted-Average Shares Outstanding Basic Per share effect U.S. federal statutory income tax rate Lower rates in PRC, net Tax holiday for foreign investments The Company's effective tax rate Basic loss per share, numerator, net loss used in computing basic earnings per share Basic loss per share Diluted earnings per share, numerator, net (loss) income used in computing diluted earnings per share Diluted earnings per share, denominator, weighted average common shares outstanding Diluted loss per share Accumulated other comprehensive income, beginning of period Change in cumulative translation adjustment Accumulated other comprehensive income, end of period Sublease monthly rate Due from related party receivable Due to related parties, current Number of major suppliers Percentage of concentration risk Accounts Payable Balances Individually [Member] Accounts Receivable Balances Individually [Member] One Customer [Member] Average Period HKD [Member] Average Period RMB [Member] China Tax Authority [Member] Customer Advance [Policy Text Block] Customer One [Member] Economic and political risks [Policy Text Block] FDHG to ICGL [Member] Fortune Delight Holdings Group Limited [Member] Guangzhou Image Agricultural Technology Co., Ltd [Member] Heiyuan Image Equipment Import Export Co., Ltd [Member] Hkd [Member] It Represents Holding Common Stock In Exchange Agreement. Hong Kong Authority [Member] Image Chain Group Limited, Inc. Shareholders [Member] Image Industrial Development Limited, Same Management Personnel [Member] Income Tax Reconciliation Attributed To Federal Tax Rate Amount. Income Tax Reconciliation Attributed to Foreign Tax Rate Amount. Income Tax Reconciliation Income Before Taxes. Carrying amount as of the balance sheet date of unprocessed items to be consumed in the manufacturing or production process. Also includes (packing materials) purchased parts that will be used as components of a finished product. Lin Qi Shui Chairman [Member] Lin Qi Shui, Chairman Of Yunnan Image [Member] Major Vendors and Accounts Payable [Member] Maximum statutory reserve percentage shoud reaches the registered capital. Merger [Axis] Method of Accounting [Policy Text Block] Number of major suppliers. One Customer [Member] One Vendors [Member] PRC [Member] It Represents Paid Up Capital. Period End HKD [Member] Period End RMB [Member] Its represent assets estimated lives using method. RMB [Member] Related Party Payable [Member] Related Party Receivable [Member] Revenue Individually [Member] Reverse Merger [Member] Schedule of Effecitve Tax Rate [Table Text Block] Schedule of Per Share Effect of Tax Exemption [Talbe Text Block] Selling Expenses [Policy Text Block] Sharesholders of Yunnan Image Tea Industry [Member] Silver Channel Industrial Limited [Member] Silver Channel [Member] Subscription Receivable [Member] Summary of Identities of Consolidated Subsidiaries [Table Text Block] Three Vendors [Member] Two Vendors [Member] Vendors [Member] Wu Junrui, Former Director [Member] Wu Junrui Former Director of Yunnan Image [Member] Wu Jun rui [Member] Yunnan Image Tea Industry Co., Ltd [Member] Zhou Jun Nan Director [Member] Two Customer [Member] Three Customer [Member] Revenue [Member] Revenue One [Member] Office [Member] Hong Kong [Member] Reduction in subscription receivable from receipt of proceeds. Leasehold Improvement [Member] Per Share Effect Of Tax Exemption. Effect of tax exemption granted. Image Industrial Development Limited [Member] Heyuan Image Equipment Import Export Co., Ltd [Member] Assets, Current Assets Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Operating Expenses Operating Income (Loss) Nonoperating Income (Expense) Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Comprehensive Income (Loss), Net of Tax, Attributable to Parent Weighted Average Number of Shares Outstanding, Basic Increase (Decrease) in Accounts Receivable Increase (Decrease) in Prepaid Supplies Increase (Decrease) in Inventories Increase (Decrease) in Deposit Assets Increase (Decrease) in Other Receivables Increase (Decrease) in Accounts Receivable, Related Parties Increase (Decrease) in Prepaid Taxes Net Cash Provided by (Used in) Operating Activities Payments to Acquire Property, Plant, and Equipment Net Cash Provided by (Used in) Investing Activities ReductionInSubscriptionReceivableFromReceiptOfProceeds Net Cash Provided by (Used in) Financing Activities Cash and Cash Equivalents, Period Increase (Decrease) Inventory Disclosure [Text Block] Receivables, Policy [Policy Text Block] Inventory, Policy [Policy Text Block] Property, Plant and Equipment, Policy [Policy Text Block] Comprehensive Income, Policy [Policy Text Block] Goodwill [Default Label] Goodwill, Impaired, Accumulated Impairment Loss Allowance for Doubtful Other Receivables, Current Other Receivables [Default Label] Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment EffectOfTaxExemptionGranted Holding Common Stock In Exchange Agreement Image Chain Group Limited, Inc. shareholders [Member] LinQiShuiChairmanMember MajorVendorsandAccountsPayableMember MergerAxis OneCustomersRevenueMember ReverseMergerMember SilverChannelMember SubscriptionReceivableMember ThreeVendorsMember TwoVendorsMember ZhouJunNanDirectorMember RevenueOneMember OfficeMember HongKongMember EX-101.PRE 9 icgl-20160630_pre.xml XBRL PRESENTATION FILE XML 10 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2
Document And Entity Information - shares
6 Months Ended
Jun. 30, 2016
Oct. 26, 2016
Document And Entity Information [Abstract]    
Entity Registrant Name Image Chain Group Limited, Inc.  
Entity Central Index Key 0001598924  
Document Type 10-Q  
Document Period End Date Jun. 30, 2016  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   395,000,000
Trading Symbol ICGL  
Document Fiscal Period Focus Q2  
Document Fiscal Year Focus 2016  
XML 11 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Condensed Balance Sheets - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 65,908 $ 78,753
Accounts receivable, net 10,781 10,389
Advanced to suppliers 480,061 680,178
Inventories 716,163 447,972
Refundable deposits 48,920
Other receivables, net 2,451,877 2,468,538
Related party receivable 60,800 250,303
Prepaid tax 11,767 55
Total current assets 3,797,357 3,985,108
Non-current assets    
Property, plant and equipment, net 216,404 232,180
TOTAL ASSETS 4,013,761 4,217,288
Current liabilities    
Accounts payable 369,712 491,643
Tax payable 527 1,730
Other payables 354,367 372,374
Accrued liabilities 374,415 387,927
Related party payable 78,786 68,665
Customer advance 1,537,847 1,563,798
TOTAL LIABILITIES 2,715,654 2,886,137
STOCKHOLDERS' EQUITY    
Preferred Stock, $0.001 par value, 5,000,000 shares authorized, issued and outstanding as of June 30, 2016 and December 31, 2015, respectively 5,000 5,000
Common stock, US$0.001 par value, 400,000,000 shares authorized, 395,000,000 and 70,000,000 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively 395,000 395,000
Additional paid in capital 67,036,674 67,036,674
Subscription receivable (59,160,283) (59,464,013)
Accumulated deficit (7,102,209) (6,718,613)
Accumulated other comprehensive income 123,925 77,103
TOTAL STOCKHOLDERS' EQUITY 1,298,107 1,331,151
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 4,013,761 $ 4,217,288
XML 12 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Condensed Balance Sheets (Parenthetical) - $ / shares
Jun. 30, 2016
Dec. 31, 2015
Statement of Financial Position [Abstract]    
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, shares authorized 5,000,000 5,000,000
Preferred stock, shares issued 5,000,000 5,000,000
Preferred stock, shares outstanding 5,000,000 5,000,000
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized 400,000,000 400,000,000
Common stock, shares issued 395,000,000 70,000,000
Common stock, shares outstanding 395,000,000 70,000,000
XML 13 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations and Comprehensive (Loss)/Income - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Statement of Financial Position [Abstract]    
Sales, net $ 298,501 $ 222,893
Cost of sales 149,475 87,727
Gross profit/(loss) 149,026 135,166
Operating expenses:    
Selling, general and administrative expenses 532,843 5,083,114
Total operating expenses 532,843 5,083,114
Loss from operations (383,817) (4,947,948)
Other income (expense):    
Interest income 2 107
Other income 226 9,030
Total other income (expense) 228 9,137
Loss before income taxes (383,589) (4,938,811)
Provision for income tax 9
Net loss (383,598) (4,938,811)
Other comprehensive income:    
Foreign currency translation adjustment gain/(loss) 46,822 (26,904)
Comprehensive loss $ (336,776) $ (4,965,715)
Net loss per share    
Basic $ (0.05)
Diluted $ (0.05)
Weighted average number of common shares outstanding    
Basic 395,000,000 104,356,556
Diluted 395,000,000 104,356,556
XML 14 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS USED IN OPERATING ACTIVITIES    
Net loss $ (383,598) $ (4,938,811)
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock compensation 4,681,819
Depreciation 16,298 13,385
Changes in operating assets and liabilities:    
Decrease/(increase) in accounts receivable (443,215) 12,819
Decrease in advance to suppliers 200,117 13,974
Increase in inventories (268,191) (406,847)
Decrease/(increase) in refundable deposit 48,920 (47,710)
Decrease/(increase) in other receivable 459,484 (1,889,483)
Decrease/(increase) in related party receivable 189,503 (462,121)
Increase in prepaid taxes (11,712)
(Decrease)/increase in accounts payable (121,931) 58,016
(Decrease)/increase in taxes payable (1,203) 3,327
(Decrease)/increase in other payables (18,007) (461,902)
(Decrease)/increase in accrued liabilities (13,512) 387,461
Decrease in related party payable 10,122 396,326
(Decrease)/increase in customer advances (25,950) 731,093
Net cash (used in) /provided by in operating activities (362,875) (1,908,654)
CASH FLOWS USED IN FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment (522) (201,718)
Net cash used in investing activities (522) (201,718)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from stock issuance 2,449,160
Reduction in subscription receivable from receipt of proceeds 303,730
Net cash provided by financing activities 303,730 2,449,160
Effect of exchange rate changes on cash and cash equivalents 46,822 (81,420)
Net decrease in cash and cash equivalents (12,845) 257,368
Cash and cash equivalents, beginning balance 78,753 70,107
Cash and cash equivalents, ending balance 65,908 327,475
SUPPLEMENTAL DISCLOSURES:    
Interest received 1 107
Interest paid
Income tax paid
XML 15 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Organization and Principal Activities
6 Months Ended
Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Principal Activities

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

 

Business

 

Image Chain Group Limited, Inc. (formerly Have Gun Will Travel Entertainment, Inc.) (“ICGL” or the “Company”) was incorporated under the laws of Nevada on December 18, 2013. From inception through the date of the Share Exchange as defined below, the Company was an emerging forward-thinking full-service television pre-production company dedicated to the creation of original concepts and programming with a bold and innovative edge in the reality television space for sale, option and licensure to independent producers, cable television networks, syndication companies, and other entities. On June 11, 2015, the Company amended its Articles of Incorporation with the State of Nevada in order to change its name to Image Chain Group Limited, Inc. and to increase the authorized shares of common stock from 70,000,000 to 400,000,000 (the “Amendments”). The name change was undertaken in order to more closely align with the operations of the Company’s wholly-owned subsidiary, Fortune Delight Holdings Group Ltd (“FDHG”). The increase in authorized shares was undertaken to allow the Company to utilize the newly available shares to raise capital. The board of directors and the stockholders of the Company approved the Amendments on May 8, 2015.

 

FDHG, through its wholly-owned operating subsidiaries, is in the business of promoting and distributing its own branded teas that are grown, harvested, cured, and packaged in the People’s Republic of China (“PRC”). The Company’s headquarters is located in Guangzhou, Guangdong Province, PRC. Currently, the Company’s products are sold in the PRC for domestic consumption.

 

Share Exchange

 

On May 5, 2015, ICGL entered into a share exchange agreement (the “Exchange Agreement”) with FDHG and Wu Jun Rui, on behalf of himself and certain other individuals who were to receive shares of ICGL pursuant to the Exchange Agreement (the “Shareholders”). On the terms and subject to the conditions set forth in the Exchange Agreement, on May 5, 2015, Wu Jun Rui transferred all 50,000 shares of FDHG common stock, consisting of all of the issued and outstanding shares of FDHG, to ICGL in exchange for the issuance to the shareholders of 59,620,000 shares of the Company’s common stock, par value $.001 per share and 5,000,000 shares of the Company’s preferred stock, par value $.001 per share. The preferred stock is not convertible nor mandatorily redeemable; it does not pay dividends or carrying any voting rights but is entitled to liquidation preference.

 

As a result of the closing of the Exchange Agreement, FDHG became the Company’s wholly owned subsidiary. FDHG is an investment holding company incorporated and domiciled in the British Virgin Islands. FDHG wholly owns Silver Channel Industrial Limited, a limited company incorporated, registered, and domiciled in Hong Kong.

 

The securities purchase agreement transaction is referred to hereafter as the “reverse-merger transaction.” The share exchange transaction has been accounted for as a recapitalization of ICGL where ICGL (the legal acquirer) is considered the accounting acquiree and FDHG (the legal acquiree) is considered the accounting acquirer. As a result of this transaction, ICGL is deemed to be a continuation of the business of FDHG.

 

Accordingly, the accompanying consolidated financial statements are those of the accounting acquirer, FDHG. The historical stockholders’ equity of the accounting acquirer prior to the share exchange has been retroactively restated as if the share exchange transaction occurred as of the beginning of the first period presented.

  

Organization History of Silver Channel Industrial Limited and its subsidiaries

 

On January 28, 2011, Silver Channel incorporated Heyuan Image Equipment Import Export Co., Ltd. (“Heyuan Image”) as a wholly foreign owned enterprise (“WFOE”) registered in Heyuan City, Guangdong Province, PRC. Heyuan Image was dormant for the six months ended and year ended June 30, 2016 and December 31, 2015. Heyuan Image is wholly owned by Silver Channel. Heyuan Image has a registered capital of HKD 4,000,000 of which HKD 3,380,000 has been paid up.

 

On August 18, 2014, the Company, through its subsidiary Heyuan Image, acquired 100% equity of Guangzhou Image Agricultural Technology Co., Ltd. (“Guangzhou Image”). Guangzhou Image is a limited liability company registered in Guangzhou City, Guangdong Province, PRC. Guangzhou Image has not yet engaged in operating activities since its incorporation. Guangzhou Image is wholly owned by Heyuan Image. Guangzhou Image has a registered capital of RMB 10 million of which is still outstanding.

 

On February 16, 2015, Guangzhou Image entered into an equity transfer agreement with all the shareholders of Yunnan Image Tea Industry Co., Ltd. (“Yunnan Image”). Guangzhou Image paid RMB 3,000,000 to all the shareholders of Yunnan Image for 100% equity interest in Yunnan Image. Yunnan Image is a limited liability company registered in Xishuangbanna, Yunnan Province PRC. Yunnan Image was incorporated on August 23, 2013. Yunnan Image is the primary operating entity to carry out the Company’s core business activities of selling and marketing its own branded teas. Yunnan Image is wholly-owned by Guangzhou Image. Yunnan Image has a registered capital of RMB 3 million. The capital has been paid up in its entirety.

XML 16 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Summary of Significant Accounting Policies
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

  (a) Method of Accounting

 

The Company maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America (“US GAAP”) and have been consistently applied in the presentation of financial statements.

 

  (b) Basis of Presentation

 

The accompanying consolidated financial statements have been prepared in conformity with US GAAP.

 

  (c) Principles of Consolidation

 

The consolidated financial statements include the accounts of the Company, its subsidiaries for which the Company is the primary beneficiary. All significant inter-company accounts and transactions have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of those wholly-owned subsidiaries.

 

As of June 30, 2016, the detailed identities of the consolidating subsidiaries are as follows:

 

Name of company   Place of incorporation   Attributable equity interest%     Registered
capital
 
Fortune Delight Holdings Group Limited   British Virgin Islands     100 %   $ 50,000  
Silver Channel Industrial Limited   Hong Kong     100 %     -  
Heyuan Image Equipment Import Export Co., Ltd.   P.R.C.     100 %     515,849  
Guangzhou Image Agricultural Technology Co., Ltd.   P.R.C.     100 %     1,636,902  
Yunnan Image Tea Industry Co., Ltd.   P.R.C.     100 %     491,071  

 

  (d) Economic and Political Risks

 

The Company’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic, legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, restriction on international remittances, and rates and methods of taxation, among other things.

 

  (e) Use of Estimates

 

In preparing financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting years. These accounts and estimates include, but are not limited to, the estimation on useful lives of property, plant and equipment. Actual results could differ from those estimates.

 

  (f) Cash and Cash Equivalents

 

Cash and cash equivalents include cash in hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less. As of June 30, 2016, cash and cash equivalents were mainly denominated in HKD and were placed with banks in Hong Kong. Cash and cash equivalents denominated in RMB may not be freely convertible into foreign currencies and the remittance of these funds out of the PRC may be subjected to exchange control restrictions imposed by the PRC government.

 

  (g) Accounts Receivable

 

The Company maintains allowances for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these allowances. Terms of sales vary. Allowances are recorded primarily on a specific identification basis.

 

As of June 30, 2016, no provision for allowance for doubtful accounts was provided.

 

  (h) Other Receivables

 

Other receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is made when recovery of the full amount is doubtful.

 

  (i) Inventories

 

Inventories are stated at the lower of cost or market value. Cost is computed using the first-in, first-out method and includes all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. Market value is determined by reference to the sales proceeds of items sold in the ordinary course of business or estimates based on prevailing market conditions.

 

  (j) Property, Plant and Equipment

 

Property and equipment are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives of:

 

Building 20 years
Computer 3 years
Motor vehicles 4 years

 

  (k) Accounting for Impairment of Long-Lived Assets

 

The Company adopts Accounting Standards Codification (“ASC”) 360, “Accounting for the Impairment or Disposal of Long-Live Assets”, which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 360 which requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets.

 

The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. It is reasonably possible that these assets could become impaired as a result of technology or other industry changes. Recoverability of assets to be held and used is determined by comparing the carrying amount of an asset to future net undiscounted cash flows to be generated by the assets.

 

If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. During the reporting periods, there was no impairment loss.

 

  (l) Customer Advances

 

Customer advance was received from customers in connection with orders of products to be delivered in future periods.

 

  (m) Revenue Recognition

 

The Company’s revenue recognition policies are in compliance with Staff Accounting Bulletin (“SAB”) 104, included in the Codification as ASC 605, Revenue Recognition. Sales revenue is recognized at the date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue.

 

The Company does not allow its customers to return products. The Company’s customers can exchange products only if they are damaged in transportation.

 

Revenue reported is net of value added tax.

 

  (n) Cost of Sales

 

The Company’s cost of sales is comprised of the inbound acquisition cost of packaged finished goods for resale, inbound shipping, value added tax and business taxes recognized upon sales of goods.

 

  (o) Selling Expenses

 

Selling expenses are comprised of salaries for the sales force, client entertainment, commissions, advertising, and travel and lodging expenses.

 

  (p) General & Administrative Expenses

 

General and administrative expenses include executive compensation, general overhead such as the finance department and administrative staff, depreciation, office rental and utilities.

 

  (q) Foreign Currency Translation

 

The Company maintains its financial statements in the functional currencies on Chinese Renminbi (RMB) and Hong Kong Dollars (“HKD”). Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchanges rates prevailing at the dates of the transaction. Exchange gains or losses arising from foreign currency transactions are included in the determination of net income for the respective periods.

 

For financial reporting purposes, the financial statements of the Company, which are prepared using the functional currency, have been translated into United States dollars. Assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated at the average exchange rates and stockholders’ equity is translated at historical exchange rates. Translation adjustments are not included in determining net loss but are included in foreign exchange adjustment to other comprehensive loss, a component of stockholders’ equity.

 

Exchange Rates   6/30/2016     12/31/2015     6/30/2015  
Period/Year end RMB : US$ exchange rate     6.6433       6.4907       6.0888  
Average period/year RMB : US$ exchange rate     6.5353       6.2175       6.1128  
                         
Period/Year end HKD : US$ exchange rate     7.7563       7.7504       7.7522  
Average period/year HKD : US$ exchange rate     7.7646       7.7521       7.7535  

 

RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation. The HKD is freely convertible into other foreign currencies.

 

  (r) Income Taxes

 

The Company adopts SFAS No. 109, Accounting for Income Taxes, included in the Codification as ASC 740, Income Taxes, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

 

On January 1, 2007, The Company adopted the provisions of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (“FIN 48”), included in the Codification as ASC 740, Income Taxes. The topic addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.

 

  (s) Statutory Reserve

 

Statutory reserve refers to the amount appropriated from the net income in accordance with PRC laws or regulations, which can be used to recover losses and increase capital, as approved, and, are to be used to expand production or operations. PRC laws prescribe that an enterprise operating at a profit, must appropriate, on an annual basis, from its earnings, an amount to the statutory reserve to be used for future company development. Such an appropriation is made until the reserve reaches a maximum equal to 50% of the enterprise’s registered capital.

 

  (t) Fair Value of Financial Instruments

 

For certain of the Company’s financial instruments, including cash and equivalents, accounts and other receivables, accounts and other payables, accrued liabilities and short-term debt, the carrying amounts approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:

 

  Level 1 inputs to the valuation methodology are quoted prices 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 asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
     
  Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

 

The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” and ASC 815.

 

The Company’s financial instruments include cash and equivalents, accounts receivable, and accounts payable. Cash and cash equivalents consist of deposits financial institutions with original maturities of three months or less. Management estimates the carrying amounts of the non-related party financial instruments approximate their fair values due to their short-term nature.

 

The following is table of the Company’s financial instruments:

 

As of June 30, 2016:

 

    Carrying amount  
    Level 1     Level 2     Level 3    

Estimated

fair value

 
Financial assets                                
                                 
Carried at (amortized) cost:                                
Cash and cash equivalents   $ 65,908     $ -     $ -     $ 65,908  

 

As of December 31, 2015:

 

    Carrying amount  
    Level 1     Level 2     Level 3    

Estimated

fair value

 
Financial assets                                
                                 
Carried at (amortized) cost:                                
Cash and cash equivalents   $ 78,753     $ -     $ -     $ 78,753  

 

  (u) Other Comprehensive Income

 

The Company’s functional currency is the Renminbi (“RMB”). For financial reporting purposes, RMB were translated into United States Dollars (“USD” or “$”) as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders’ equity as “Accumulated other comprehensive income”. Gains and losses resulting from foreign currency transactions are included in income.

 

The Company uses FASB ASC Topic 220, “Reporting Comprehensive Income”. Comprehensive loss is comprised of net loss and all changes to the statements of stockholders’ equity, except for changes in paid-in capital and distributions to stockholders due to investments by stockholders.

 

  (v) Business combination

 

Business combinations are accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations. Under the acquisition method the acquiring entity in a business combination recognizes 100 percent of the acquired assets and assumed liabilities, regardless of the percentage owned, at their estimated fair values as of the date of acquisition. Any excess of the purchase price over the fair value of net assets and other identifiable intangible assets acquired is recorded as goodwill. To the extent the fair value of net assets acquired, including other identifiable assets, exceed the purchase price, a bargain purchase gain is recognized. Assets acquired and liabilities assumed from contingencies must also be recognized at fair value, if the fair value can be determined during the measurement period. Results of operations of an acquired business are included in the statement of earnings from the date of acquisition. Acquisition-related costs, including conversion and restructuring charges, are expensed as incurred.

 

  (w) Recent Accounting Pronouncements

 

On January 5, 2016, the FASB issued ASU 2016-01 “Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”, which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Although the ASU retains many current requirements, it significantly revises an entity’s accounting related to (1) the classification and measurement of investments in equity securities and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. The ASU also amends certain disclosure requirements associated with the fair value of financial instruments. The new standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2017.

 

On February 25, 2016, the FASB issued ASU 2016-02 “Leases (Topic 842)”, its new standard on accounting for leases. ASU 2016-02 introduces a lessee model that brings most leases on the balance sheet. The new standard also aligns many of the underlying principles of the new lessor model with those in ASC 606, the FASB’s new revenue recognition standard (e.g., those related to evaluating when profit can be recognized).

 

Furthermore, the ASU addresses other concerns related to the current leases model. For example, the ASU eliminates the requirement in current U.S. GAAP for an entity to use bright-line tests in determining lease classification. The standard also requires lessors to increase the transparency of their exposure to changes in value of their residual assets and how they manage that exposure. The new model represents a wholesale change to lease accounting. As a result, entities will face significant implementation challenges during the transition period and beyond, such as those related to:

 

  Applying judgment and estimating.
     
  Managing the complexities of data collection, storage, and maintenance.
     
  Enhancing information technology systems to ensure their ability to perform the calculations necessary for compliance with reporting requirements.
     
  Refining internal controls and other business processes related to leases.
     
  Determining whether debt covenants are likely to be affected and, if so, working with lenders to avoid violations.
     
  Addressing any income tax implications.

 

The new guidance will be effective for public business entities for annual periods beginning after December 15, 2018 (e.g., calendar periods beginning on January 1, 2019), and interim periods therein.

 

On March 15, 2016, the FASB issued ASU 2016-07 “Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting”, which simplifies the equity method of accounting by eliminating the requirement to retrospectively apply the equity method to an investment that subsequently qualifies for such accounting as a result of an increase in the level of ownership interest or degree of influence. Consequently, when an investment qualifies for the equity method (as a result of an increase in the level of ownership interest or degree of influence), the cost of acquiring the additional interest in the investee would be added to the current basis of the investor’s previously held interest and the equity method would be applied subsequently from the date on which the investor obtains the ability to exercise significant influence over the investee. The ASU further requires that unrealized holding gains or losses in accumulated other comprehensive income related to an available-for-sale security that becomes eligible for the equity method be recognized in earnings as of the date on which the investment qualifies for the equity method.

 

The guidance in the ASU is effective for all entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years; early adoption is permitted for all entities. Entities are required to apply the guidance prospectively to increases in the level of ownership interest or degree of influence occurring after the ASU’s effective date. Additional transition disclosures are not required upon adoption.

 

On March 17, 2016, the FASB issued ASU 2016-08 “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)”, which amends the principal-versus-agent implementation guidance and illustrations in the Board’s new revenue standard (ASU 2014-09). The FASB issued the ASU in response to concerns identified by stakeholders, including those related to (1) determining the appropriate unit of account under the revenue standard’s principal-versus-agent guidance and (2) applying the indicators of whether an entity is a principal or an agent in accordance with the revenue standard’s control principle. Among other things, the ASU clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. As defined in the ASU, a specified good or service is “a distinct good or service (or a distinct bundle of goods or services) to be provided to the customer.” Therefore, for contracts involving more than one specified good or service, the entity may be the principal for one or more specified goods or services and the agent for others.

 

The ASU has the same effective date as the new revenue standard (as amended by the one-year deferral and the early adoption provisions in ASU 2015-14). In addition, entities are required to adopt the ASU by using the same transition method they used to adopt the new revenue standard.

 

On March 30, 2016, the FASB issued ASU 2016-09 “Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”, which simplifies several aspects of the accounting for employee share-based payment transactions for both public and nonpublic entities, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows.

 

The ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods.

 

As of June 30, 2016, there are no other recently issued accounting standards not yet adopted that would or could have a material effect on the Company’s consolidated financial statements.

 

  (x) Contingencies

 

Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company’s management evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought.

 

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s consolidated financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed.

 

Loss contingencies considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be disclosed.

XML 17 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Going Concern Uncertainties
6 Months Ended
Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern Uncertainties

3. GOING CONCERN UNCERTAINTIES

 

These financial statements have been prepared assuming that Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.

 

As of June 30, 2016, the Company had accumulated deficit of $7,102,209 due to the substantial losses in operation in the current year. Management’s plan to support the Company in operations and to maintain its business strategy is to raise funds through public and private offerings and to rely on officers and directors to perform essential functions with minimal compensation. If we do not raise all of the money we need from public or private offerings, we will have to find alternative sources, such as loans or advances from our officers, directors or others. Such additional financing may not become available on acceptable terms and there can be no assurance that any additional financing that the Company does obtain will be sufficient to meet its needs in the long term. Even if the Company is able to obtain additional financing, it may contain undue restrictions on our operations, in the case of debt financing, or cause substantial dilution for our stockholders, in the case of equity financing. If we require additional cash and cannot raise it, we will either have to suspend operations or cease business entirely.

 

The accompanying financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

XML 18 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Goodwill
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

4. GOODWILL

 

Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable assets acquired in a business combination. In accordance with FASB ASC Topic 350, “Goodwill and Other Intangible Assets”, goodwill is no longer subject to amortization. Rather, goodwill is subject to at least an annual assessment for impairment, applying a fair-value based test. Fair value is generally determined using a discounted cash flow analysis.

 

On February 16, 2015, the Company, through Guangzhou Image, entered into an equity transfer agreement to acquire 100% of Yunnan Image. As of December 31, 2014, the net assets of Yunnan Image were $166,022. The purchase consideration was $489,515 (equivalent to RMB 3,000,000), which resulted in goodwill of USD 323,493.

 

    June 30, 2016     December 31, 2015  
             
Yunnan Image   $ -     $ 323,493  
Less: Impairment loss     -       (323,493 )
Total goodwill   $ -     $ -  

 

The Company reviews the carrying value of the goodwill for impairment regularly. For the year ended December 31, 2015, the Company reviewed the carrying value of its goodwill and provided an impairment for such goodwill since the acquisition of Yunnan Image has not generated positive cash flow.

XML 19 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Other Receivables
6 Months Ended
Jun. 30, 2016
Other Receivables, Net, Current [Abstract]  
Other Receivables

5. OTHER RECEIVABLES

 

    June 30, 2016     December 31, 2015  
             
Other receivables   $ 2,894,700     $ 2,911,361  
Less: Allowance for doubtful accounts     (442,823 )     (442,823 )
Other receivables, net   $ 2,451,877     $ 2,468,538  

XML 20 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories
6 Months Ended
Jun. 30, 2016
Inventory Disclosure [Abstract]  
Inventories

6. INVENTORIES

 

    June 30, 2016     December 31, 2015  
             
Raw materials   $ 237,552     $ 169,397  
Packing materials     14,015       14,344  
Finished goods     464,596       264,231  
    $ 716,163     $ 447,972  

XML 21 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Property, Plant and Equipment
6 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

7. PROPERTY, PLANT AND EQUIPMENT

 

Property, plant and equipment consisted of the following:

 

    June 30, 2016     December 31, 2015  
             
Building   $ 19,112     $ 19,561  
Motor vehicle     229,533       230,188  
Plant and equipment     16,464       17,890  
Leasehold improvement   $ 3,051     $ -  
      268,161       267,649  
Less: Accumulated depreciation     (51,757 )     (35,459 )
    $ 216,404     $ 232,180  

 

Depreciation expense for the three months ended June 30, 2016 and 2015 was $16,298 and $2,508, respectively.

XML 22 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Tax
6 Months Ended
Jun. 30, 2016
Income Tax Disclosure [Abstract]  
Income Tax

8. INCOME TAX

 

The Company is subject to US Income taxes.

 

The Company’s subsidiary Fortune Delight Holdings Group Limited was incorporated in the British Virgin Islands. The British Virgin Islands is an income tax free jurisdiction.

 

Silver Channel was incorporated in Hong Kong and is subject to the Inland Revenue Ordinance of Hong Kong. Hong Kong adopted a uniform tax rate of 16.5% for all enterprises.

 

The Company’s subsidiaries that were incorporated in the PRC and are governed by the Income Tax Law of the PRC and various local income tax laws. Effective January 1, 2008, China adopted a uniform tax rate of 25% for all enterprises including foreign-invested enterprises.

 

The Company did not recognize any deferred tax assets during the years ended December 31, 2015 and 2014 and the Company has not yet determined when it would be able to make use of such potential assets.

 

The following tables provide the reconciliation of the differences between the statutory and effective tax expenses for six months ended June 30, 2016 and 2015:

 

    6/30/2016     6/30/2015  
Loss attributed to PRC & Hong Kong   $ (334,557 )   $ (243,992 )
Loss attributed to US     (49,032 )     (4,694,819 )
Income before tax     (383,589 )     (4,938,811 )
                 
PRC Statutory Tax at 25% Rate     -       -  
Effect of tax exemption granted     -       -  
Income tax   $ 9     $ -  

 

Per Share Effect of Tax Exemption

 

    6/30/2016     6/30/2015  
Effect of tax exemption granted   $ -     $ -  
Weighted-Average Shares Outstanding Basic     395,000,000       70,000,000  
Per share effect   $ -     $ -  

 

The difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows for six months ended June 30, 2016 and 2015:

 

    6/30/2016     6/30/2015  
U.S. federal statutory income tax rate     35 %     35 %
Lower rates in PRC, net     -10 %     -10 %
Tax holiday for foreign investments     -25 %     -25 %
The Company’s effective tax rate     0 %     0 %

XML 23 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loss Per Share
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Loss Per Share

9. LOSS PER SHARE

 

The following table sets forth the computation of basic and diluted earnings per share of common stock:

 

    For the six months ended
June 30,
 
    2016     2015  
             
Basic loss per share:                
Numerator:                
Net loss used in computing basic earnings per share   $ (383,598 )   $ (4,938,811 )
                 
Denominator:                
Weighted average common shares outstanding     395,000,000       70,000,000  
Basic loss per share   $ (0.00 )   $ (0.00 )
                 
Diluted earnings per share:                
Numerator:                
Net loss used in computing diluted earnings per share   $ (383,598 )   $ (4,938,811 )
                 
Denominator:                
Weighted average common shares outstanding     395,000,000       70,000,000  
Diluted loss per share   $ (0.00 )   $ (0.00 )

 

Dilutive securities having an anti-dilutive effect on diluted (loss) earnings per share are excluded from the calculation.

XML 24 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Other Comprehensive Income
6 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [Abstract]  
Other Comprehensive Income

10. OTHER COMPREHENSIVE INCOME

 

Accumulated other comprehensive income included in stockholders’ equity as of June 30, 2016 and December 31, 2015 was as follows:

 

    June 30, 2016     December 31, 2015  
                 
Accumulated other comprehensive income, beginning of period   $ 77,103     $ 41,131  
Change in cumulative translation adjustment     46,822       35,972  
Accumulated other comprehensive income, end of period   $ 123,925     $ 77,103  

XML 25 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transaction
6 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]  
Related Party Transaction

11. RELATED PARTY TRANSACTION

 

Related party receivable consisted of the following:

 

    June 30, 2016     December 31, 2015  
             
Image Industrial Development Limited, same management personnel   $ 8,394     $ 8,392  
Wu Junrui, former director     52,406       49,328  
Lin Qi Shui, chairman of Yunnan Image     -       192,583  
    $ 60,800     $ 250,503  

 

The amounts are unsecured, interest-free and due on demand.

 

Related party payable consisted of the following:

 

    June 30, 2016     December 31, 2015  
             
Wu Ping, director of Yunnan Image     5,028       68,665  
Lin Qi Shui, chairman of Yunnan Image     73,758       -  
    $ 78,786     $ 68,665  

 

The amounts are unsecured, interest-free and due on demand.

 

Beginning May 2016, the Company is currently subleasing an office space from a related party, Image Industrial Development Limited, on a month to month basis at a monthly rate of about $ 4,705 (HKD 36,518).

XML 26 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
Risks Concentration
6 Months Ended
Jun. 30, 2016
Risks and Uncertainties [Abstract]  
Risks Concentration

12. RISKS CONCENTRATION

 

As of June 30, 2016, the Company had two suppliers in procuring tea. Payment in form of advances were paid to the supplier as part of its procurement process. This is due in part to the Company’s development of its product portfolio specifically for Pu’er tea, which is grown and harvested in Yunnan Province, PRC. As the Company expands its product portfolio to incorporate other teas, it expects to source different teas from different suppliers in different geographic areas in the PRC.

 

  A. Major Customers and Accounts Receivable

 

The Company had certain customers whose revenue individually represented 10% or more of the Company’s total revenue, or whose accounts receivable balances individually represented 10% or more of the Company’s total accounts receivable. For the six months ended June 30, 2016, one customer accounted for 71% of revenue, respectively.

 

As of June 30, 2016, three customers accounted for 18%, 31%, and 44% of accounts receivable.

 

  B. Major Vendors and Accounts Payable

 

The Company had certain vendors who represented 10% or more of the Company’s total cost of sales or expenses, or whose accounts payable balances individually represented 10% or more of the Company’s total accounts payable. For the six months ended June 30, 2016, one vendor accounted for 100% of accounts payable.

XML 27 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Summary of Significant Accounting Policies (Policies)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Method of Accounting

  (a) Method of Accounting

 

The Company maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to generally accepted accounting principles in the United States of America (“US GAAP”) and have been consistently applied in the presentation of financial statements.

Basis of Presentation

  (b) Basis of Presentation

 

The accompanying consolidated financial statements have been prepared in conformity with US GAAP.

Principles of Consolidation

  (c) Principles of Consolidation

 

The consolidated financial statements include the accounts of the Company, its subsidiaries for which the Company is the primary beneficiary. All significant inter-company accounts and transactions have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of those wholly-owned subsidiaries.

 

As of June 30, 2016, the detailed identities of the consolidating subsidiaries are as follows:

 

Name of company   Place of incorporation   Attributable equity interest%     Registered
capital
 
Fortune Delight Holdings Group Limited   British Virgin Islands     100 %   $ 50,000  
Silver Channel Industrial Limited   Hong Kong     100 %     -  
Heyuan Image Equipment Import Export Co., Ltd.   P.R.C.     100 %     515,849  
Guangzhou Image Agricultural Technology Co., Ltd.   P.R.C.     100 %     1,636,902  
Yunnan Image Tea Industry Co., Ltd.   P.R.C.     100 %     491,071  

Economic and Political Risks

  (d) Economic and Political Risks

 

The Company’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic, legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, restriction on international remittances, and rates and methods of taxation, among other things.

Use of Estimates

  (e) Use of Estimates

 

In preparing financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting years. These accounts and estimates include, but are not limited to, the estimation on useful lives of property, plant and equipment. Actual results could differ from those estimates.

Cash and Cash Equivalents

  (f) Cash and Cash Equivalents

 

Cash and cash equivalents include cash in hand and cash in time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of three months or less. As of June 30, 2016, cash and cash equivalents were mainly denominated in HKD and were placed with banks in Hong Kong. Cash and cash equivalents denominated in RMB may not be freely convertible into foreign currencies and the remittance of these funds out of the PRC may be subjected to exchange control restrictions imposed by the PRC government.

Accounts Receivable

  (g) Accounts Receivable

 

The Company maintains allowances for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these allowances. Terms of sales vary. Allowances are recorded primarily on a specific identification basis.

 

As of June 30, 2016, no provision for allowance for doubtful accounts was provided.

Other Receivables

  (h) Other Receivables

 

Other receivables are recognized and carried at the original invoice amount less allowance for any uncollectible amounts. An allowance for doubtful accounts is made when recovery of the full amount is doubtful.

Inventories

  (i) Inventories

 

Inventories are stated at the lower of cost or market value. Cost is computed using the first-in, first-out method and includes all costs of purchase and other costs incurred in bringing the inventories to their present location and condition. Market value is determined by reference to the sales proceeds of items sold in the ordinary course of business or estimates based on prevailing market conditions.

Property, Plant and Equipment

  (j) Property, Plant and Equipment

 

Property and equipment are stated at cost. Expenditures for maintenance and repairs are charged to earnings as incurred; additions, renewals and betterments are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives of:

 

Building 20 years
Computer 3 years
Motor vehicles 4 years

Accounting for Impairment of Long-lived Assets

  (k) Accounting for Impairment of Long-Lived Assets

 

The Company adopts Accounting Standards Codification (“ASC”) 360, “Accounting for the Impairment or Disposal of Long-Live Assets”, which addresses financial accounting and reporting for the impairment or disposal of long-lived assets. The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with ASC 360 which requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amounts. In that event, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the long-lived assets.

 

The long-lived assets held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. It is reasonably possible that these assets could become impaired as a result of technology or other industry changes. Recoverability of assets to be held and used is determined by comparing the carrying amount of an asset to future net undiscounted cash flows to be generated by the assets.

 

If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. During the reporting periods, there was no impairment loss.

Customer Advances

  (l) Customer Advances

 

Customer advance was received from customers in connection with orders of products to be delivered in future periods.

Revenue Recognition

  (m) Revenue Recognition

 

The Company’s revenue recognition policies are in compliance with Staff Accounting Bulletin (“SAB”) 104, included in the Codification as ASC 605, Revenue Recognition. Sales revenue is recognized at the date of shipment to customers when a formal arrangement exists, the price is fixed or determinable, the delivery is completed, no other significant obligations of the Company exist and collectability is reasonably assured. Payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue.

 

The Company does not allow its customers to return products. The Company’s customers can exchange products only if they are damaged in transportation.

 

Revenue reported is net of value added tax.

Cost of Sales

  (n) Cost of Sales

 

The Company’s cost of sales is comprised of the inbound acquisition cost of packaged finished goods for resale, inbound shipping, value added tax and business taxes recognized upon sales of goods.

Selling Expenses

  (o) Selling Expenses

 

Selling expenses are comprised of salaries for the sales force, client entertainment, commissions, advertising, and travel and lodging expenses.

General & Administrative Expenses

  (p) General & Administrative Expenses

 

General and administrative expenses include executive compensation, general overhead such as the finance department and administrative staff, depreciation, office rental and utilities.

Foreign Currency Translation

  (q) Foreign Currency Translation

 

The Company maintains its financial statements in the functional currencies on Chinese Renminbi (RMB) and Hong Kong Dollars (“HKD”). Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency at rates of exchange prevailing at the balance sheet dates. Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchanges rates prevailing at the dates of the transaction. Exchange gains or losses arising from foreign currency transactions are included in the determination of net income for the respective periods.

 

For financial reporting purposes, the financial statements of the Company, which are prepared using the functional currency, have been translated into United States dollars. Assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated at the average exchange rates and stockholders’ equity is translated at historical exchange rates. Translation adjustments are not included in determining net loss but are included in foreign exchange adjustment to other comprehensive loss, a component of stockholders’ equity.

 

Exchange Rates   6/30/2016     12/31/2015     6/30/2015  
Period/Year end RMB : US$ exchange rate     6.6433       6.4907       6.0888  
Average period/year RMB : US$ exchange rate     6.5353       6.2175       6.1128  
                         
Period/Year end HKD : US$ exchange rate     7.7563       7.7504       7.7522  
Average period/year HKD : US$ exchange rate     7.7646       7.7521       7.7535  

 

RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation. The HKD is freely convertible into other foreign currencies.

Income Taxes

  (r) Income Taxes

 

The Company adopts SFAS No. 109, Accounting for Income Taxes, included in the Codification as ASC 740, Income Taxes, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

 

On January 1, 2007, The Company adopted the provisions of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (“FIN 48”), included in the Codification as ASC 740, Income Taxes. The topic addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on de-recognition, classification, interest and penalties on income taxes, accounting in interim periods and requires increased disclosures.

Statutory Reserve

  (s) Statutory Reserve

 

Statutory reserve refers to the amount appropriated from the net income in accordance with PRC laws or regulations, which can be used to recover losses and increase capital, as approved, and, are to be used to expand production or operations. PRC laws prescribe that an enterprise operating at a profit, must appropriate, on an annual basis, from its earnings, an amount to the statutory reserve to be used for future company development. Such an appropriation is made until the reserve reaches a maximum equal to 50% of the enterprise’s registered capital.

Fair Value of Financial Instruments

  (t) Fair Value of Financial Instruments

 

For certain of the Company’s financial instruments, including cash and equivalents, accounts and other receivables, accounts and other payables, accrued liabilities and short-term debt, the carrying amounts approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:

 

  Level 1 inputs to the valuation methodology are quoted prices 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 asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
     
  Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

 

The Company analyzes all financial instruments with features of both liabilities and equity under ASC 480, “Distinguishing Liabilities from Equity,” and ASC 815.

 

The Company’s financial instruments include cash and equivalents, accounts receivable, and accounts payable. Cash and cash equivalents consist of deposits financial institutions with original maturities of three months or less. Management estimates the carrying amounts of the non-related party financial instruments approximate their fair values due to their short-term nature.

 

The following is table of the Company’s financial instruments:

 

As of June 30, 2016:

 

    Carrying amount  
    Level 1     Level 2     Level 3    

Estimated

fair value

 
Financial assets                                
                                 
Carried at (amortized) cost:                                
Cash and cash equivalents   $ 65,908     $ -     $ -     $ 65,908  

 

As of December 31, 2015:

 

    Carrying amount  
    Level 1     Level 2     Level 3    

Estimated

fair value

 
Financial assets                                
                                 
Carried at (amortized) cost:                                
Cash and cash equivalents   $ 78,753     $ -     $ -     $ 78,753  

Other Comprehensive Income

  (u) Other Comprehensive Income

 

The Company’s functional currency is the Renminbi (“RMB”). For financial reporting purposes, RMB were translated into United States Dollars (“USD” or “$”) as the reporting currency. Assets and liabilities are translated at the exchange rate in effect at the balance sheet date. Revenues and expenses are translated at the average rate of exchange prevailing during the reporting period. Translation adjustments arising from the use of different exchange rates from period to period are included as a component of stockholders’ equity as “Accumulated other comprehensive income”. Gains and losses resulting from foreign currency transactions are included in income.

 

The Company uses FASB ASC Topic 220, “Reporting Comprehensive Income”. Comprehensive loss is comprised of net loss and all changes to the statements of stockholders’ equity, except for changes in paid-in capital and distributions to stockholders due to investments by stockholders.

Business Combination

  (v) Business combination

 

Business combinations are accounted for under the acquisition method of accounting in accordance with ASC 805, Business Combinations. Under the acquisition method the acquiring entity in a business combination recognizes 100 percent of the acquired assets and assumed liabilities, regardless of the percentage owned, at their estimated fair values as of the date of acquisition. Any excess of the purchase price over the fair value of net assets and other identifiable intangible assets acquired is recorded as goodwill. To the extent the fair value of net assets acquired, including other identifiable assets, exceed the purchase price, a bargain purchase gain is recognized. Assets acquired and liabilities assumed from contingencies must also be recognized at fair value, if the fair value can be determined during the measurement period. Results of operations of an acquired business are included in the statement of earnings from the date of acquisition. Acquisition-related costs, including conversion and restructuring charges, are expensed as incurred.

Recent Accounting Pronouncements

  (w) Recent Accounting Pronouncements

 

On January 5, 2016, the FASB issued ASU 2016-01 “Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”, which amends the guidance in U.S. GAAP on the classification and measurement of financial instruments. Although the ASU retains many current requirements, it significantly revises an entity’s accounting related to (1) the classification and measurement of investments in equity securities and (2) the presentation of certain fair value changes for financial liabilities measured at fair value. The ASU also amends certain disclosure requirements associated with the fair value of financial instruments. The new standard is effective for fiscal years and interim periods within those fiscal years beginning after December 15, 2017.

 

On February 25, 2016, the FASB issued ASU 2016-02 “Leases (Topic 842)”, its new standard on accounting for leases. ASU 2016-02 introduces a lessee model that brings most leases on the balance sheet. The new standard also aligns many of the underlying principles of the new lessor model with those in ASC 606, the FASB’s new revenue recognition standard (e.g., those related to evaluating when profit can be recognized).

 

Furthermore, the ASU addresses other concerns related to the current leases model. For example, the ASU eliminates the requirement in current U.S. GAAP for an entity to use bright-line tests in determining lease classification. The standard also requires lessors to increase the transparency of their exposure to changes in value of their residual assets and how they manage that exposure. The new model represents a wholesale change to lease accounting. As a result, entities will face significant implementation challenges during the transition period and beyond, such as those related to:

 

  Applying judgment and estimating.
     
  Managing the complexities of data collection, storage, and maintenance.
     
  Enhancing information technology systems to ensure their ability to perform the calculations necessary for compliance with reporting requirements.
     
  Refining internal controls and other business processes related to leases.
     
  Determining whether debt covenants are likely to be affected and, if so, working with lenders to avoid violations.
     
  Addressing any income tax implications.

 

The new guidance will be effective for public business entities for annual periods beginning after December 15, 2018 (e.g., calendar periods beginning on January 1, 2019), and interim periods therein.

 

On March 15, 2016, the FASB issued ASU 2016-07 “Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting”, which simplifies the equity method of accounting by eliminating the requirement to retrospectively apply the equity method to an investment that subsequently qualifies for such accounting as a result of an increase in the level of ownership interest or degree of influence. Consequently, when an investment qualifies for the equity method (as a result of an increase in the level of ownership interest or degree of influence), the cost of acquiring the additional interest in the investee would be added to the current basis of the investor’s previously held interest and the equity method would be applied subsequently from the date on which the investor obtains the ability to exercise significant influence over the investee. The ASU further requires that unrealized holding gains or losses in accumulated other comprehensive income related to an available-for-sale security that becomes eligible for the equity method be recognized in earnings as of the date on which the investment qualifies for the equity method.

 

The guidance in the ASU is effective for all entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years; early adoption is permitted for all entities. Entities are required to apply the guidance prospectively to increases in the level of ownership interest or degree of influence occurring after the ASU’s effective date. Additional transition disclosures are not required upon adoption.

 

On March 17, 2016, the FASB issued ASU 2016-08 “Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net)”, which amends the principal-versus-agent implementation guidance and illustrations in the Board’s new revenue standard (ASU 2014-09). The FASB issued the ASU in response to concerns identified by stakeholders, including those related to (1) determining the appropriate unit of account under the revenue standard’s principal-versus-agent guidance and (2) applying the indicators of whether an entity is a principal or an agent in accordance with the revenue standard’s control principle. Among other things, the ASU clarifies that an entity should evaluate whether it is the principal or the agent for each specified good or service promised in a contract with a customer. As defined in the ASU, a specified good or service is “a distinct good or service (or a distinct bundle of goods or services) to be provided to the customer.” Therefore, for contracts involving more than one specified good or service, the entity may be the principal for one or more specified goods or services and the agent for others.

 

The ASU has the same effective date as the new revenue standard (as amended by the one-year deferral and the early adoption provisions in ASU 2015-14). In addition, entities are required to adopt the ASU by using the same transition method they used to adopt the new revenue standard.

 

On March 30, 2016, the FASB issued ASU 2016-09 “Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting”, which simplifies several aspects of the accounting for employee share-based payment transactions for both public and nonpublic entities, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows.

 

The ASU is effective for annual reporting periods beginning after December 15, 2016, including interim periods within those annual reporting periods.

 

As of June 30, 2016, there are no other recently issued accounting standards not yet adopted that would or could have a material effect on the Company’s consolidated financial statements.

Contingencies

  (x) Contingencies

 

Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company’s management evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought.

 

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s consolidated financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed.

 

Loss contingencies considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be disclosed.

XML 28 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Summary of Identities of Consolidated Subsidiaries

As of June 30, 2016, the detailed identities of the consolidating subsidiaries are as follows:

 

Name of company   Place of incorporation   Attributable equity interest%     Registered
capital
 
Fortune Delight Holdings Group Limited   British Virgin Islands     100 %   $ 50,000  
Silver Channel Industrial Limited   Hong Kong     100 %     -  
Heyuan Image Equipment Import Export Co., Ltd.   P.R.C.     100 %     515,849  
Guangzhou Image Agricultural Technology Co., Ltd.   P.R.C.     100 %     1,636,902  
Yunnan Image Tea Industry Co., Ltd.   P.R.C.     100 %     491,071  

Schedule of Property and Equipment Estimated Lives

Depreciation of property and equipment is provided using the straight-line method for substantially all assets with estimated lives of:

 

Building 20 years
Computer 3 years
Motor vehicles 4 years

Schedule of Foreign Currency Translation

Translation adjustments are not included in determining net loss but are included in foreign exchange adjustment to other comprehensive loss, a component of stockholders’ equity.

 

Exchange Rates   6/30/2016     12/31/2015     6/30/2015  
Period/Year end RMB : US$ exchange rate     6.6433       6.4907       6.0888  
Average period/year RMB : US$ exchange rate     6.5353       6.2175       6.1128  
                         
Period/Year end HKD : US$ exchange rate     7.7563       7.7504       7.7522  
Average period/year HKD : US$ exchange rate     7.7646       7.7521       7.7535  

Schedule of Fair Value Measurements Recurring and Nonrecurring

The following is table of the Company’s financial instruments:

 

As of June 30, 2016:

 

    Carrying amount  
    Level 1     Level 2     Level 3    

Estimated

fair value

 
Financial assets                                
                                 
Carried at (amortized) cost:                                
Cash and cash equivalents   $ 65,908     $ -     $ -     $ 65,908  

 

As of December 31, 2015:

 

    Carrying amount  
    Level 1     Level 2     Level 3    

Estimated

fair value

 
Financial assets                                
                                 
Carried at (amortized) cost:                                
Cash and cash equivalents   $ 78,753     $ -     $ -     $ 78,753  

XML 29 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Goodwill (Tables)
6 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

    June 30, 2016     December 31, 2015  
             
Yunnan Image   $ -     $ 323,493  
Less: Impairment loss     -       (323,493 )
Total goodwill   $ -     $ -  

XML 30 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Other Receivables (Tables)
6 Months Ended
Jun. 30, 2016
Other Receivables, Net, Current [Abstract]  
Schedule of Other Receivables

    June 30, 2016     December 31, 2015  
             
Other receivables   $ 2,894,700     $ 2,911,361  
Less: Allowance for doubtful accounts     (442,823 )     (442,823 )
Other receivables, net   $ 2,451,877     $ 2,468,538  

XML 31 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories (Tables)
6 Months Ended
Jun. 30, 2016
Inventory Disclosure [Abstract]  
Schedule of Inventory

    June 30, 2016     December 31, 2015  
             
Raw materials   $ 237,552     $ 169,397  
Packing materials     14,015       14,344  
Finished goods     464,596       264,231  
    $ 716,163     $ 447,972  

XML 32 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Property, Plant and Equipment (Tables)
6 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
Summary of Property, Plant and Equipment

Property, plant and equipment consisted of the following:

 

    June 30, 2016     December 31, 2015  
             
Building   $ 19,112     $ 19,561  
Motor vehicle     229,533       230,188  
Plant and equipment     16,464       17,890  
Leasehold improvement   $ 3,051     $ -  
      268,161       267,649  
Less: Accumulated depreciation     (51,757 )     (35,459 )
    $ 216,404     $ 232,180  

XML 33 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Tax (Tables)
6 Months Ended
Jun. 30, 2016
Income Tax Tables  
Schedule of Reconciliation of Statutory and Effective Tax Expense

The following tables provide the reconciliation of the differences between the statutory and effective tax expenses for six months ended June 30, 2016 and 2015:

 

    6/30/2016     6/30/2015  
Loss attributed to PRC & Hong Kong   $ (334,557 )   $ (243,992 )
Loss attributed to US     (49,032 )     (4,694,819 )
Income before tax     (383,589 )     (4,938,811 )
                 
PRC Statutory Tax at 25% Rate     -       -  
Effect of tax exemption granted     -       -  
Income tax   $ 9     $ -  

Schedule of Per Share Effect of Tax Exemption

Per Share Effect of Tax Exemption

 

    6/30/2016     6/30/2015  
Effect of tax exemption granted   $ -     $ -  
Weighted-Average Shares Outstanding Basic     395,000,000       70,000,000  
Per share effect   $ -     $ -  

Schedule of Effective Tax Rate

The difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows for six months ended June 30, 2016 and 2015:

 

    6/30/2016     6/30/2015  
U.S. federal statutory income tax rate     35 %     35 %
Lower rates in PRC, net     -10 %     -10 %
Tax holiday for foreign investments     -25 %     -25 %
The Company’s effective tax rate     0 %     0 %

XML 34 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per share of common stock:

 

    For the six months ended
June 30,
 
    2016     2015  
             
Basic loss per share:                
Numerator:                
Net loss used in computing basic earnings per share   $ (383,598 )   $ (4,938,811 )
                 
Denominator:                
Weighted average common shares outstanding     395,000,000       70,000,000  
Basic loss per share   $ (0.00 )   $ (0.00 )
                 
Diluted earnings per share:                
Numerator:                
Net loss used in computing diluted earnings per share   $ (383,598 )   $ (4,938,811 )
                 
Denominator:                
Weighted average common shares outstanding     395,000,000       70,000,000  
Diluted loss per share   $ (0.00 )   $ (0.00 )

XML 35 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Other Comprehensive Income (Tables)
6 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [Abstract]  
Schedule of Accumulated Other Comprehensive Income

Accumulated other comprehensive income included in stockholders’ equity as of June 30, 2016 and December 31, 2015 was as follows:

 

    June 30, 2016     December 31, 2015  
                 
Accumulated other comprehensive income, beginning of period   $ 77,103     $ 41,131  
Change in cumulative translation adjustment     46,822       35,972  
Accumulated other comprehensive income, end of period   $ 123,925     $ 77,103  

XML 36 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transaction (Tables)
6 Months Ended
Jun. 30, 2016
Related Party Receivable [Member]  
Schedule of Related Party Transactions

Related party receivable consisted of the following:

 

    June 30, 2016     December 31, 2015  
             
Image Industrial Development Limited, same management personnel   $ 8,394     $ 8,392  
Wu Junrui, former director     52,406       49,328  
Lin Qi Shui, chairman of Yunnan Image     -       192,583  
    $ 60,800     $ 250,503  

Related Party Payable [Member]  
Schedule of Related Party Transactions

Related party payable consisted of the following:

 

    June 30, 2016     December 31, 2015  
             
Wu Ping, director of Yunnan Image     5,028       68,665  
Lin Qi Shui, chairman of Yunnan Image     73,758       -  
    $ 78,786     $ 68,665  

XML 37 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
Organization and Principal Activities (Details Narrative)
May 05, 2015
$ / shares
shares
Jun. 30, 2016
$ / shares
Jun. 30, 2016
HKD
shares
Jun. 30, 2016
CNY (¥)
shares
Dec. 31, 2015
$ / shares
Dec. 31, 2015
HKD
shares
Jun. 11, 2015
shares
Feb. 16, 2015
CNY (¥)
Aug. 18, 2014
CNY (¥)
Aug. 23, 2013
CNY (¥)
Common stock, shares authorized     400,000,000 400,000,000   400,000,000        
Common stock, shares, issued     395,000,000 395,000,000   70,000,000        
Common stock, par or stated value per share | $ / shares   $ 0.001     $ 0.001          
Preferred stock, shares authorized     5,000,000 5,000,000   5,000,000        
Preferred stock, par or stated value per share | $ / shares   $ 0.001     $ 0.001          
Noncontrolling interest, ownership percentage by parent     100.00% 100.00%            
Heiyuan Image Equipment Import Export Co., Ltd [Member] | HKD [Member]                    
Capital | HKD     HKD 4,000,000     HKD 4,000,000        
Paid up capital | HKD     HKD 3,380,000     HKD 3,380,000        
Guangzhou Image Agricultural Technology Co., Ltd [Member]                    
Capital | ¥       ¥ 1,636,902            
Noncontrolling interest, ownership percentage by parent     100.00% 100.00%            
Guangzhou Image Agricultural Technology Co., Ltd [Member] | RMB [Member]                    
Capital | ¥                 ¥ 10,000,000  
Noncontrolling interest, ownership percentage by parent                 100.00%  
Yunnan Image Tea Industry Co., Ltd [Member]                    
Capital | ¥       ¥ 491,071            
Noncontrolling interest, ownership percentage by parent     100.00% 100.00%       100.00%    
Yunnan Image Tea Industry Co., Ltd [Member] | RMB [Member]                    
Capital | ¥                   ¥ 3,000,000
FDHG, to ICGL Exchange [Member]                    
Common stock, shares, issued 59,620,000                  
Common stock, par or stated value per share | $ / shares $ 0.001                  
Preferred stock, shares authorized 5,000,000                  
Preferred stock, par or stated value per share | $ / shares $ 0.001                  
Wu Jun Rui [Member]                    
Holding common stock in exchange agreement 50,000                  
Shareholders of Yunnan Image[Member] | Guangzhou Image Agricultural Technology Co., Ltd [Member] | RMB [Member]                    
Noncontrolling interest, ownership percentage by parent               100.00%    
Paid to all shareholders | ¥               ¥ 3,000,000    
Previously Reported [Member]                    
Common stock, shares authorized             70,000,000      
Amendments Reported [Member]                    
Common stock, shares authorized             400,000,000      
XML 38 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Summary of Significant Accounting Policies (Details Narrative)
6 Months Ended
Jun. 30, 2016
USD ($)
Accounting Policies [Abstract]  
Percentage of assets, liabilities and net income or loss of wholly-owned subsidiaries 100.00%
Provision for allowance for doubtful accounts
Maximum statutory reserve percentage 50.00%
Business combination recognizes of acquired assets and assumed liabilities percentage owned 100.00%
XML 39 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Summary of Significant Accounting Policies - Summary of Identities of Consolidated Subsidiaries (Details)
6 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2016
HKD
Jun. 30, 2016
CNY (¥)
Feb. 16, 2015
Attributable equity interest % 100.00% 100.00% 100.00%  
Fortune Delight Holdings Group Limited [Member]        
Place of incorporation British Virgin Islands      
Attributable equity interest % 100.00% 100.00% 100.00%  
Registered capital | $ $ 50,000      
Silver Channel Industrial Limited [Member]        
Place of incorporation Hong Kong      
Attributable equity interest % 100.00% 100.00% 100.00%  
Registered capital | HKD      
Heyuan Image Equipment Import Export Co., Ltd [Member]        
Place of incorporation P.R.C.      
Attributable equity interest % 100.00% 100.00% 100.00%  
Registered capital     ¥ 515,849  
Guangzhou Image Agricultural Technology Co., Ltd [Member]        
Place of incorporation P.R.C.      
Attributable equity interest % 100.00% 100.00% 100.00%  
Registered capital     ¥ 1,636,902  
Yunnan Image Tea Industry Co., Ltd [Member]        
Place of incorporation P.R.C.      
Attributable equity interest % 100.00% 100.00% 100.00% 100.00%
Registered capital     ¥ 491,071  
XML 40 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
Summary of Significant Accounting Policies - Schedule of Property and Equipment Estimated Lives (Details)
6 Months Ended
Jun. 30, 2016
Building [Member]  
Property, Plant and Equipment, Useful Life 20 years
Computer [Member]  
Property, Plant and Equipment, Useful Life 3 years
Motor Vehicles [Member]  
Property, Plant and Equipment, Useful Life 4 years
XML 41 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2
Summary of Significant Accounting Policies - Schedule of Foreign Currency Translation (Details)
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Period/Year End RMB [Member]      
Foreign Currency Exchange Rate, Translation 6.6433 6.4907 6.0888
Average Period/Year RMB [Member]      
Foreign Currency Exchange Rate, Translation 6.5353 6.2175 6.1128
Period/Year End HKD [Member]      
Foreign Currency Exchange Rate, Translation 7.7563 7.7504 7.7522
Average Period/Year HKD [Member]      
Foreign Currency Exchange Rate, Translation 7.7646 7.7521 7.7535
XML 42 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Summary of Significant Accounting Policies - Schedule of Fair Value Measurements Recurring and Nonrecurring (Details) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Dec. 31, 2014
Cash and cash equivalents $ 65,908 $ 78,753 $ 327,475 $ 70,107
Fair Value, Inputs, Level 1 [Member]        
Cash and cash equivalents 65,908 78,753    
Fair Value, Inputs, Level 2 [Member]        
Cash and cash equivalents    
Fair Value, Inputs, Level 3 [Member]        
Cash and cash equivalents    
XML 43 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Going Concern Uncertainties (Details Narrative) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Accumulated deficit $ 7,102,209 $ 6,718,613
XML 44 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Goodwill (Details Narrative) - USD ($)
12 Months Ended
Dec. 31, 2014
Jun. 30, 2016
Dec. 31, 2015
Feb. 16, 2015
Noncontrolling interest, ownership percentage by parent   100.00%    
Goodwill    
Yunnan Image Tea Industry Co., Ltd [Member]        
Noncontrolling interest, ownership percentage by parent   100.00%   100.00%
Net assets $ 166,022      
Purchase consideration 489,515      
Goodwill 323,493      
Yunnan Image Tea Industry Co., Ltd [Member] | RMB [Member]        
Purchase consideration $ 3,000,000      
XML 45 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
Goodwill - Schedule of Goodwill (Details) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]    
Yunnan Image $ 323,493
Less: Impairment loss (323,493)
Total goodwill
XML 46 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2
Other Receivables - Schedule of Other Receivables (Details) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Other Receivables, Net, Current [Abstract]    
Other receivables $ 2,894,700 $ 2,911,361
Less: Allowance for doubtful accounts (442,823) (442,823)
Other receivable, net $ 2,451,877 $ 2,468,538
XML 47 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories - Schedule of Inventory (Details) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Inventory Disclosure [Abstract]    
Raw materials $ 237,552 $ 169,397
Packing materials 14,015 14,344
Finished goods 464,596 264,231
Inventory net $ 716,163 $ 447,972
XML 48 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2
Property, Plant and Equipment (Details Narrative) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Property, Plant and Equipment [Abstract]    
Depreciation expenses $ 16,298 $ 2,508
XML 49 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Property, Plant and Equipment, Gross $ 268,161 $ 267,649
Less: Accumulated depreciation (51,757) (35,459)
Property, Plant and Equipment, Net 216,404 232,180
Building [Member]    
Property, Plant and Equipment, Gross 19,112 19,561
Motor Vehicles [Member]    
Property, Plant and Equipment, Gross 229,533 230,188
Plant and Equipment [Member]    
Property, Plant and Equipment, Gross 16,464 17,890
Leasehold Improvement [Member]    
Property, Plant and Equipment, Gross $ 3,051
XML 50 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Tax (Details Narrative) - USD ($)
6 Months Ended
Jan. 01, 2008
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Effective income tax rate   (10.00%) (10.00%)    
Deferred tax assets      
Hong Kong Authority [Member]          
Effective income tax rate   16.50%      
China Tax Authority [Member]          
Effective income tax rate 25.00%        
XML 51 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Tax - Schedule of Reconciliation of Statutory and Effective Tax Expense (Details) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Income Tax Disclosure [Abstract]    
Income attributed to PRC & Hong Kong $ (334,557) $ (243,992)
Loss attributed to US (49,032) (4,694,819)
Income before tax (383,589) (4,938,811)
PRC Statutory Tax at 25% Rate
Effect of tax exemption granted
Income tax $ 9
XML 52 R43.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Tax - Schedule of Reconciliation of Statutory and Effective Tax Expense (Details) (Parenthetical)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
PRC [Member]    
Statutory tax rate 25.00% 25.00%
XML 53 R44.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Tax - Schedule of Per Share Effect of Tax Exemption (Details) - $ / shares
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Income Tax Disclosure [Abstract]    
Effect of tax exemption granted
Weighted-Average Shares Outstanding Basic 395,000,000 104,356,556
Per share effect
XML 54 R45.htm IDEA: XBRL DOCUMENT v3.5.0.2
Income Tax - Schedule of Effective Tax Rate (Details)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Income Tax Disclosure [Abstract]    
U.S. federal statutory income tax rate 35.00% 35.00%
Lower rates in PRC, net (10.00%) (10.00%)
Tax holiday for foreign investments (25.00%) (25.00%)
The Company's effective tax rate 0.00% 0.00%
XML 55 R46.htm IDEA: XBRL DOCUMENT v3.5.0.2
Loss Per Share - Schedule of Earnings Per Share Basic and Diluted (Details) - USD ($)
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Earnings Per Share [Abstract]    
Basic loss per share, numerator, net loss used in computing basic earnings per share $ (383,598) $ (4,938,811)
Weighted-Average Shares Outstanding Basic 395,000,000 104,356,556
Basic loss per share $ (0.05)
Diluted earnings per share, numerator, net (loss) income used in computing diluted earnings per share $ (383,598) $ (4,938,811)
Diluted earnings per share, denominator, weighted average common shares outstanding 395,000,000 104,356,556
Diluted loss per share $ (0.05)
XML 56 R47.htm IDEA: XBRL DOCUMENT v3.5.0.2
Other Comprehensive Income - Schedule of Accumulated Other Comprehensive Income (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Stockholders' Equity Note [Abstract]    
Accumulated other comprehensive income, beginning of period $ 77,103 $ 41,131
Change in cumulative translation adjustment 46,822 35,972
Accumulated other comprehensive income, end of period $ 123,925 $ 77,103
XML 57 R48.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transaction (Details Narrative) - 1 months ended May 31, 2016 - Image Industrial Development Limited [Member]
USD ($)
HKD
Sublease monthly rate | $ $ 4,705  
HKD [Member]    
Sublease monthly rate | HKD   HKD 36,518
XML 58 R49.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transaction - Schedule of Related Party Receivable (Details) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Due from related party receivable $ 60,800 $ 250,503
Image Industrial Development Limited, Same Management Personnel [Member]    
Due from related party receivable 8,394 8,392
Wu Junrui, Former Director [Member]    
Due from related party receivable 52,406 49,328
Lin Qi Shui, Chairman Of Yunnan Image [Member]    
Due from related party receivable $ 192,583
XML 59 R50.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transaction - Schedule of Related Party Payable (Details) - USD ($)
Dec. 31, 2016
Jun. 30, 2016
Dec. 31, 2015
Due to related parties, current   $ 78,786 $ 68,665
Wu Ping, Director Of Yunnan Image [Member]      
Due to related parties, current   5,028 $ 68,665
Lin Qi Shui, Chairman Of Yunnan Image [Member]      
Due to related parties, current $ 73,758  
XML 60 R51.htm IDEA: XBRL DOCUMENT v3.5.0.2
Risks Concentration (Details Narrative)
6 Months Ended
Jun. 30, 2016
Suppliers
Number of major suppliers 2
Revenue Individually [Member]  
Percentage of concentration risk 10.00%
Accounts Receivable Balances Individually [Member]  
Percentage of concentration risk 10.00%
Revenue [Member] | One Customer [Member]  
Percentage of concentration risk 71.00%
Accounts Receivable [Member] | One Customer [Member]  
Percentage of concentration risk 18.00%
Accounts Receivable [Member] | Two Customer [Member]  
Percentage of concentration risk 31.00%
Accounts Receivable [Member] | Three Customer [Member]  
Percentage of concentration risk 44.00%
Vendors [Member]  
Percentage of concentration risk 10.00%
Accounts Payable Balances Individually [Member]  
Percentage of concentration risk 10.00%
Accounts Payable [Member] | One Vendors [Member]  
Percentage of concentration risk 100.00%
EXCEL 61 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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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 65 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 86 183 1 false 46 0 false 7 false false R1.htm 00000001 - Document - Document And Entity Information Sheet http://hgwtentertainment.com/role/DocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 00000002 - Statement - Consolidated Condensed Balance Sheets Sheet http://hgwtentertainment.com/role/CondensedBalanceSheets Consolidated Condensed Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Consolidated Condensed Balance Sheets (Parenthetical) Sheet http://hgwtentertainment.com/role/CondensedBalanceSheetsParenthetical Consolidated Condensed Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Consolidated Statements of Operations and Comprehensive (Loss)/Income Sheet http://hgwtentertainment.com/role/StatementsOfOperationsAndComprehensiveLossincome Consolidated Statements of Operations and Comprehensive (Loss)/Income Statements 4 false false R5.htm 00000005 - Statement - Consolidated Statements of Cash Flows Sheet http://hgwtentertainment.com/role/StatementsOfCashFlows Consolidated Statements of Cash Flows Statements 5 false false R6.htm 00000006 - Disclosure - Organization and Principal Activities Sheet http://hgwtentertainment.com/role/OrganizationAndPrincipalActivities Organization and Principal Activities Notes 6 false false R7.htm 00000007 - Disclosure - Summary of Significant Accounting Policies Sheet http://hgwtentertainment.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 7 false false R8.htm 00000008 - Disclosure - Going Concern Uncertainties Sheet http://hgwtentertainment.com/role/GoingConcernUncertainties Going Concern Uncertainties Notes 8 false false R9.htm 00000009 - Disclosure - Goodwill Sheet http://hgwtentertainment.com/role/Goodwill Goodwill Notes 9 false false R10.htm 00000010 - Disclosure - Other Receivables Sheet http://hgwtentertainment.com/role/OtherReceivables Other Receivables Notes 10 false false R11.htm 00000011 - Disclosure - Inventories Sheet http://hgwtentertainment.com/role/Inventories Inventories Notes 11 false false R12.htm 00000012 - Disclosure - Property, Plant and Equipment Sheet http://hgwtentertainment.com/role/PropertyPlantAndEquipment Property, Plant and Equipment Notes 12 false false R13.htm 00000013 - Disclosure - Income Tax Sheet http://hgwtentertainment.com/role/IncomeTax Income Tax Notes 13 false false R14.htm 00000014 - Disclosure - Loss Per Share Sheet http://hgwtentertainment.com/role/LossPerShare Loss Per Share Notes 14 false false R15.htm 00000015 - Disclosure - Other Comprehensive Income Sheet http://hgwtentertainment.com/role/OtherComprehensiveIncome Other Comprehensive Income Notes 15 false false R16.htm 00000016 - Disclosure - Related Party Transaction Sheet http://hgwtentertainment.com/role/RelatedPartyTransaction Related Party Transaction Notes 16 false false R17.htm 00000017 - Disclosure - Risks Concentration Sheet http://hgwtentertainment.com/role/RisksConcentration Risks Concentration Notes 17 false false R18.htm 00000018 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://hgwtentertainment.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://hgwtentertainment.com/role/SummaryOfSignificantAccountingPolicies 18 false false R19.htm 00000019 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://hgwtentertainment.com/role/SummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables http://hgwtentertainment.com/role/SummaryOfSignificantAccountingPolicies 19 false false R20.htm 00000020 - Disclosure - Goodwill (Tables) Sheet http://hgwtentertainment.com/role/GoodwillTables Goodwill (Tables) Tables http://hgwtentertainment.com/role/Goodwill 20 false false R21.htm 00000021 - Disclosure - Other Receivables (Tables) Sheet http://hgwtentertainment.com/role/OtherReceivablesTables Other Receivables (Tables) Tables http://hgwtentertainment.com/role/OtherReceivables 21 false false R22.htm 00000022 - Disclosure - Inventories (Tables) Sheet http://hgwtentertainment.com/role/InventoriesTables Inventories (Tables) Tables http://hgwtentertainment.com/role/Inventories 22 false false R23.htm 00000023 - Disclosure - Property, Plant and Equipment (Tables) Sheet http://hgwtentertainment.com/role/PropertyPlantAndEquipmentTables Property, Plant and Equipment (Tables) Tables http://hgwtentertainment.com/role/PropertyPlantAndEquipment 23 false false R24.htm 00000024 - Disclosure - Income Tax (Tables) Sheet http://hgwtentertainment.com/role/IncomeTaxTables Income Tax (Tables) Tables http://hgwtentertainment.com/role/IncomeTax 24 false false R25.htm 00000025 - Disclosure - Loss Per Share (Tables) Sheet http://hgwtentertainment.com/role/LossPerShareTables Loss Per Share (Tables) Tables http://hgwtentertainment.com/role/LossPerShare 25 false false R26.htm 00000026 - Disclosure - Other Comprehensive Income (Tables) Sheet http://hgwtentertainment.com/role/OtherComprehensiveIncomeTables Other Comprehensive Income (Tables) Tables http://hgwtentertainment.com/role/OtherComprehensiveIncome 26 false false R27.htm 00000027 - Disclosure - Related Party Transaction (Tables) Sheet http://hgwtentertainment.com/role/RelatedPartyTransactionTables Related Party Transaction (Tables) Tables http://hgwtentertainment.com/role/RelatedPartyTransaction 27 false false R28.htm 00000028 - Disclosure - Organization and Principal Activities (Details Narrative) Sheet http://hgwtentertainment.com/role/OrganizationAndPrincipalActivitiesDetailsNarrative Organization and Principal Activities (Details Narrative) Details http://hgwtentertainment.com/role/OrganizationAndPrincipalActivities 28 false false R29.htm 00000029 - Disclosure - Summary of Significant Accounting Policies (Details Narrative) Sheet http://hgwtentertainment.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative Summary of Significant Accounting Policies (Details Narrative) Details http://hgwtentertainment.com/role/SummaryOfSignificantAccountingPoliciesTables 29 false false R30.htm 00000030 - Disclosure - Summary of Significant Accounting Policies - Summary of Identities of Consolidated Subsidiaries (Details) Sheet http://hgwtentertainment.com/role/SummaryOfSignificantAccountingPolicies-SummaryOfIdentitiesOfConsolidatedSubsidiariesDetails Summary of Significant Accounting Policies - Summary of Identities of Consolidated Subsidiaries (Details) Details 30 false false R31.htm 00000031 - Disclosure - Summary of Significant Accounting Policies - Schedule of Property and Equipment Estimated Lives (Details) Sheet http://hgwtentertainment.com/role/SummaryOfSignificantAccountingPolicies-ScheduleOfPropertyAndEquipmentEstimatedLivesDetails Summary of Significant Accounting Policies - Schedule of Property and Equipment Estimated Lives (Details) Details 31 false false R32.htm 00000032 - Disclosure - Summary of Significant Accounting Policies - Schedule of Foreign Currency Translation (Details) Sheet http://hgwtentertainment.com/role/SummaryOfSignificantAccountingPolicies-ScheduleOfForeignCurrencyTranslationDetails Summary of Significant Accounting Policies - Schedule of Foreign Currency Translation (Details) Details 32 false false R33.htm 00000033 - Disclosure - Summary of Significant Accounting Policies - Schedule of Fair Value Measurements Recurring and Nonrecurring (Details) Sheet http://hgwtentertainment.com/role/SummaryOfSignificantAccountingPolicies-ScheduleOfFairValueMeasurementsRecurringAndNonrecurringDetails Summary of Significant Accounting Policies - Schedule of Fair Value Measurements Recurring and Nonrecurring (Details) Details 33 false false R34.htm 00000034 - Disclosure - Going Concern Uncertainties (Details Narrative) Sheet http://hgwtentertainment.com/role/GoingConcernUncertaintiesDetailsNarrative Going Concern Uncertainties (Details Narrative) Details http://hgwtentertainment.com/role/GoingConcernUncertainties 34 false false R35.htm 00000035 - Disclosure - Goodwill (Details Narrative) Sheet http://hgwtentertainment.com/role/GoodwillDetailsNarrative Goodwill (Details Narrative) Details http://hgwtentertainment.com/role/GoodwillTables 35 false false R36.htm 00000036 - Disclosure - Goodwill - Schedule of Goodwill (Details) Sheet http://hgwtentertainment.com/role/Goodwill-ScheduleOfGoodwillDetails Goodwill - Schedule of Goodwill (Details) Details 36 false false R37.htm 00000037 - Disclosure - Other Receivables - Schedule of Other Receivables (Details) Sheet http://hgwtentertainment.com/role/OtherReceivables-ScheduleOfOtherReceivablesDetails Other Receivables - Schedule of Other Receivables (Details) Details 37 false false R38.htm 00000038 - Disclosure - Inventories - Schedule of Inventory (Details) Sheet http://hgwtentertainment.com/role/Inventories-ScheduleOfInventoryDetails Inventories - Schedule of Inventory (Details) Details 38 false false R39.htm 00000039 - Disclosure - Property, Plant and Equipment (Details Narrative) Sheet http://hgwtentertainment.com/role/PropertyPlantAndEquipmentDetailsNarrative Property, Plant and Equipment (Details Narrative) Details http://hgwtentertainment.com/role/PropertyPlantAndEquipmentTables 39 false false R40.htm 00000040 - Disclosure - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) Sheet http://hgwtentertainment.com/role/PropertyPlantAndEquipment-SummaryOfPropertyPlantAndEquipmentDetails Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) Details 40 false false R41.htm 00000041 - Disclosure - Income Tax (Details Narrative) Sheet http://hgwtentertainment.com/role/IncomeTaxDetailsNarrative Income Tax (Details Narrative) Details http://hgwtentertainment.com/role/IncomeTaxTables 41 false false R42.htm 00000042 - Disclosure - Income Tax - Schedule of Reconciliation of Statutory and Effective Tax Expense (Details) Sheet http://hgwtentertainment.com/role/IncomeTax-ScheduleOfReconciliationOfStatutoryAndEffectiveTaxExpenseDetails Income Tax - Schedule of Reconciliation of Statutory and Effective Tax Expense (Details) Details 42 false false R43.htm 00000043 - Disclosure - Income Tax - Schedule of Reconciliation of Statutory and Effective Tax Expense (Details) (Parenthetical) Sheet http://hgwtentertainment.com/role/IncomeTax-ScheduleOfReconciliationOfStatutoryAndEffectiveTaxExpenseDetailsParenthetical Income Tax - Schedule of Reconciliation of Statutory and Effective Tax Expense (Details) (Parenthetical) Details 43 false false R44.htm 00000044 - Disclosure - Income Tax - Schedule of Per Share Effect of Tax Exemption (Details) Sheet http://hgwtentertainment.com/role/IncomeTax-ScheduleOfPerShareEffectOfTaxExemptionDetails Income Tax - Schedule of Per Share Effect of Tax Exemption (Details) Details 44 false false R45.htm 00000045 - Disclosure - Income Tax - Schedule of Effective Tax Rate (Details) Sheet http://hgwtentertainment.com/role/IncomeTax-ScheduleOfEffectiveTaxRateDetails Income Tax - Schedule of Effective Tax Rate (Details) Details 45 false false R46.htm 00000046 - Disclosure - Loss Per Share - Schedule of Earnings Per Share Basic and Diluted (Details) Sheet http://hgwtentertainment.com/role/LossPerShare-ScheduleOfEarningsPerShareBasicAndDilutedDetails Loss Per Share - Schedule of Earnings Per Share Basic and Diluted (Details) Details 46 false false R47.htm 00000047 - Disclosure - Other Comprehensive Income - Schedule of Accumulated Other Comprehensive Income (Details) Sheet http://hgwtentertainment.com/role/OtherComprehensiveIncome-ScheduleOfAccumulatedOtherComprehensiveIncomeDetails Other Comprehensive Income - Schedule of Accumulated Other Comprehensive Income (Details) Details 47 false false R48.htm 00000048 - Disclosure - Related Party Transaction (Details Narrative) Sheet http://hgwtentertainment.com/role/RelatedPartyTransactionDetailsNarrative Related Party Transaction (Details Narrative) Details http://hgwtentertainment.com/role/RelatedPartyTransactionTables 48 false false R49.htm 00000049 - Disclosure - Related Party Transaction - Schedule of Related Party Receivable (Details) Sheet http://hgwtentertainment.com/role/RelatedPartyTransaction-ScheduleOfRelatedPartyReceivableDetails Related Party Transaction - Schedule of Related Party Receivable (Details) Details 49 false false R50.htm 00000050 - Disclosure - Related Party Transaction - Schedule of Related Party Payable (Details) Sheet http://hgwtentertainment.com/role/RelatedPartyTransaction-ScheduleOfRelatedPartyPayableDetails Related Party Transaction - Schedule of Related Party Payable (Details) Details 50 false false R51.htm 00000051 - Disclosure - Risks Concentration (Details Narrative) Sheet http://hgwtentertainment.com/role/RisksConcentrationDetailsNarrative Risks Concentration (Details Narrative) Details http://hgwtentertainment.com/role/RisksConcentration 51 false false All Reports Book All Reports icgl-20160630.xml icgl-20160630.xsd icgl-20160630_cal.xml icgl-20160630_def.xml icgl-20160630_lab.xml icgl-20160630_pre.xml true true ZIP 67 0001493152-16-014925-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-16-014925-xbrl.zip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

C:-K=]]3**YP>[PZ#!Y\: MNW;,Z6MBLO!ECA_4W36P;:QNW7#\8[X_O= MWQ+>[ ,!71&5Y4^+;!=7E(X:G^P= BN[&]C>3.]&678#NQL5LQL[3MIY#9ID M4QPL$X#$>HK$>C.$N@QY)T4=-6S95$'T5 ?!V&M1(WB+",9.@WLAU)9ATXK< M]HHM3*-FGU%384%H5EO]_-N%%H)6J2M+[1XKB)XJ(;B^:A&I,J"G2@ANKEK7 MJ5)"T*8514TC5SYAW;:N[[3E*]S0"-XJ@EM[4%/\]5$8V:!]WP.Z&$[/7#N. MP;\,0C[&:)0O_(&M5VR\W"$<%VSB,TOTU,0J81.)!,-T1?='IE!A\ !_?> 8 MHQ$%&,.!I<4#P#D>BB,\(,:8A2//QO@-(XCZ6'T#FW$Z,)SC&"8%L1N//!P9 M3"$6#CA@%J;>9FGRPP[%"+W)$A[$3GT['L0/$:>$GQ7IS9:A:M8-E'Z"A5"M M).>]@.$MP(\U"**0;:@,YVL@:54;D5\];'CWP$;<MZ[% M_S+,\RX:PP33Z\$5TE".D9O7 ^#(%.V! ]P!.^ V-WV^EWST#%F8H?H68-W\ M;HWXH\U"DSNRE3*/D:,Z'8%FCV6.5"PHFHGJ'\') MP2!7TYVN2*VVTXND-,BY@9D).SQ=O6FW."IS:-Q9&/J\'XE+*L*A 74P&\CF M/Y7B:!W09MRR(79L\D$AFD-]WS?>9FC9VK-8(O.[X,TMSF2J@B$[VU$:9 %% M0U90-%0)18-J**KV'>LI.MOMJ;O%DYM?*[(,2-CH8-W"@MX:*U<'WFXOCU5Y MP0&T*2DN K)3K]6WD2Y4-GE-0N/R]P6OL"J>#M6 M)Z;"D:+?BU&;) S1%4H0Y2%,LZ]XYKQ);2/]Y6^B=K, M^O9HXE;%[>DT.K5>^[3\)&X7,EM<'4[2N'1].",I$*=IW(%?(DWCRKT]M6ZK M6SNMZZ#+!0A*-]X#NF8J[513MH._.IJRE7E[VJ>-6OUDFY&H.71M0\$Y M,M"KEO5Z;LAVMJK8R\V$GBT)VVRU3U-5'M7$JP"TH!;;2VNDOC6WS&+\ ?=Z M_6*Q[6ZOTTI5HYL=>)V)EZDOUVQW&KV3D^4G/L.H&=.UV$?/O_"B?CB(G-EW MSE]7%++=;O::Z99,RT^Y86B7JK:\.6AG'_OD>\%KD=D\;31:W<;B#4Y/\EJ MECIQO=/V2;H.Z2H 7;D/\*WG3S]REP/W( DSMWA5^ [Z)-9&P^-=JO=ENQBX>#K@[!4;[ V@+HL"'.X MNC4?7X^$[FGK]"1G(]*#KPW!4C>C==+I-%>$()UH )\=1@707?ML[('Z]I=( M0-A 4?E&MWF:KI:ZQ+2; C5;(GX)/';JKX14A>S>.":52(W=!$2;UB$(RQR(D]YI?7=8?A7H79 &"@?]!9K5:^R"$JART]BF M XL,7XTQ1XXMB! M4^0RESGCG<9)YV1[RY0R+;:SO3>?0-'Q7(L[8E 5*\[L>T^FW>(S,#=,$>7W M#UM5],^[3>6F4M.7!L M:RTK;TR[>]KN-4ZWOQKQ]0>&Q>SA1[:&U33ODO1:G=X+T,_-O#%P5\?V::O7 M:S36A#?1,'/?NV!V9.&'X%IV!%@'OR]QM_4G7P);:TY.4YZE6BX4NO1E9M_ MVB\' V:%<8]U>0%G+ZJ\GECT(4(C1.;AU?%RPWQTB)K#O&:_K52WG U 5]"" MG]^*LB\8OOQ,3JOI&J?\F<4=U8^;*ZXN!4!L%OQ77)5M@C^W>7 M&B=L'LBMKC9G[\JUVCOXC@^XA?J79:$8"4?A!JZAA3[X8LHAK)22OXLR-,WV MY.F]D10#>(LA%"]4!'A]J >^W,O9[;^-ZX_& MW=6G;UBQJ?3/' M*%G4#CL%CIAQ+HJ6P(L^BCYJJ MQ6&E'-.R_ @>&L>[9R:[AP7G!JK6G^$S3(["[R>1/_$"%AP;"$'R1*!*! 9Q MH3O7"V71'1^MJ0'*!D).A*G&<9_DX_2AF4CF;9BV-\%B=OTIP:J6"JP<(!MC MST*Y1BR%9UF,'D[!/_$Y #;!"E14)\BE8;Z[F+IJ4#U# N-L#+BW3.-GU)NZ_()"K^Q3/IGA]L,3^BOSQ.V"=<'$^X!GO*;U*G? [+_XFTHD,8C22/2 MAT3-2H4;$S"Y]#>A5$"-)J8OJ).DG%B3B#B )'.:&&EBM!HQLLI)C&YBAH\4 M*0G,UR1ITR0I3842 8<@25$AV7U:29HHE\4U&J4T5T-Y-5NB$<7.QQ&W1AFI M#[B,$*XXIF ;7/9 ,1$^ S"HP/$+[$#26DOI*LKWHYG1S$NQ [;IG SI2@E M<_@85@(K$H)M_AJ-G/4AM2#9F6HQU^#NF7WN4'Y(C8#!6;$W-R=CEP$+I"[= MA J0I&&Y0%BF1]ZC"U.ED5%%TJR+@VJV^#Q;U,5!=7'00ZQ'J8N#EF@S='%0 M71Q4%P?5Q4&'NCAH@4O3Q4&W0*=U<= "RZ_HXJ"Z DNEMT<7!]7%075Y*4W< M]G)[='%071Q4TSA-X_9Z>W1Q4%T<5%,V3=GV;GM*41S4V60FQLR-WVNW_KY& MN]GEC':[M#S7&W.+8IHPXXTVP[CEP8]@"8 +NPE[G7BA4@2Z[P/#BQ-0T_D& M-[?G%%@41/T_F15BVD(P811*1ED$=IPZB_N8"F,#.@L[:;@>O#.=X-YBKD$0 M>%B3AMDBA%?$I6#P$DSWS?/A*YG/$ >>_<'0S>T:EQ$6JZ'8MH#%L6MBDIEA M:X8Y1C.WAS4) A%6-5$GK&8P>?)JAL.&L [F/G#?<\E:AC,.5#XIU?&TI@0* M>[)&H'X* /+0Y[, =-$ M@+#^PS3!OH2,%PSY8J*1! Q1A#G6L3'GI#G*;3: M7* TV8-:G).2'67HP30$.KP9IYX0;@&@B=PQQWP4^^.S(58'PL%QQ)##P1V( M+S L<*Z(_W#% )AD,^9AB 5D:7B8 MC[)4\)-(T1%A;.83O9#9)E@H>L:K&#&HV=LNV1LK)WO['E!HV24@CU@ M:64)G;U2:2&4Y9<3V:SXUX*$D5HJ=0\^_@# F-HFHE7 3J+Q1)#@<&2&DH03 M+19YA)BI-XX#PD7@-+V:BIV..9C- \OQB+"*6$S*[R-ND_NB88JI;)7B%R[( M4ZQAN.\CT!G\;QYP@DH/X/L'YD9R=>QIPMP _K CPF#R(OXU9:8?*"Z;B3M/ M<"29;\WH1R$)!\CD'>$W!SHC&*Y\/,4KHH -(@<>?!#+FLCJ2NBHQ(T,I;L1W?<]):S' RL98 M"R!.TL=!$I5*EMP@ M&X_/;. /F$:)',--)&T_WJ%CXVNBIH $S]EC(%, Q\1>9(&.G%<%XP%F,OT+ MAA_Q(/30IB8R7/NF8$%DY<%2:*)0*=KX?64:2GX0@#ZB:0X.:!";AL+8C&:$ M\*5-BL?D!5:+*1*MLRQY+M8ZS6GW26G'963 MTXJZS^GF=IK1;HP<">3Z*>0JPC]T^5\R95ZH);Z/):VD(2U6K;C[X'&@4<(\ M1GK4#.5"'AZY>,FPOB>Q4F%* W[CODCEN&!N8^!FQN.(N00;W,AI;,6+T%@G M9N=!/$()*:)6-$I-_G@YR9]J^\:UPV.C#H\8J\(7'Y)]Q12E8I"N %D"RDC. MA2!$$Q&,_X.%!HK8H$B0+E]X:KK(U*0(P#Z$E\'J @PE43.[@8B=S$4:_IMZ;? MJ]'O/\M)OV]BE]Q-[)*+4\DT1=\815=XSOH\D;@3)#&!)Y)ZC,E[#&D-N9 ' M1-XQ\,8E453$]4Q,(-_$'8 R^T-I^S9]E^I-F E9?F_@]99V'J"=[!%+ZN(@ M?88&FL2#3H.) B H71\;?XRH(N,BT&&TD"/A!P")(3QRH*PV#X2)W1O4I$6? M^I,)5D6&JJ1I&7I.XJYE,1 ^&X,4;2NO+U.A3?PA<5'7I,UK:@P!-W&-,AY[ MJXGT)S%NQT:Z05K:'9U=F/!^),:+%.L,0M_$6WB$-U(Q3=P=K,H5FF3IP_@O M\L^3HY^<*HJWV+$G7)?JVBW[Z-2W4RU"M8)=DW[@@&1G6E=YJM=/QN#515UB(Q;8-0C Z MCY/ T%3O"*D3R)A.-2G/3&JG)G5P4H?.EQ!5,VD.!LC%'%8N:B-]9HR8(^Q*42 $$8$(G8DQ64?13#4>=)02Y] MYF(\Y?15(:;S\ZJ)$LE?6.;A..(^>KXP$"7CH\*AC%(J""ER,887DFL$*9F1WNOD\P&7L=KEP1@HP1 MO"$H.;%:D[@]$AL5C"E.A_ P !))>J9H3$NBLQC9 2$Q6=,ALI?,7\N*JBJ M%$A'YL\?GOC8+Q6E0LUBDD,*+D9W,*$]ILXBGE2&=*A%T>,#5PM'(ZI"-NF!"A084JFR^ZX&+BF2O-]%UXT6,Q,((("$^*\JEL04FL M!6;5F:G-\J>$O$L:!]LML].275B"RDDZ)N%(T3P1N8)T+T/P%/<[2Q^\E E+ M-8.2:1:AD?&^Y$+@&ZEIB/X+/XED&0&(_;Y855 M/(5: =JE N244P$Z5P _:#B)NLOHZSCG6@J P(A6Y3H)O(BXBM4:V9T-RN MPC@#V8')910YKW(6;.:K7"X[LA**R5 (DDY@R6,GB$\UXO29(%[CB<,34\-=: XR[5X_1(X# M-S)CV+D[^Y V[#3J[5K&H2@TN911R!1F$;1C=.N=FK'S!9$\\"%4I#!]C(#F:CIZ$MU8I M4GCH5!9&+;G)FJ]=+R*!*> ,-VV.BN@L%Q0HW.9H$X@,)I]-GP/G=6#A8 M6#LE>0D.5)*Q%PL5'B8MIB_)- Z[L#R+F ^[R8 0? MAAY6BA(<'<>LQ>^CZ#.!"UTS9LA54AY+1?'"ERPC1443F%2 "+/2'%7D%IK8 M[9+8>>4D=G>P_:C"7,K:/F6B=Q47FQ1JX[))PIDA"9QRJ@%=2=K_)DD(\)<% MY,MR.&5,8R 19H>/R9<+@XQY$,AB?#9=H8"(FVSS^\!$84#'LX=I$(J3S73A MUPK3JDDY:=4G\J8Z,CZFU7MOG-EC9/U4?N"!:2*V>2*F<$XQ\AEL2^N0I&VJ M\!%[8E9$FX&4#GXS1<'.H1P'W?0C9MK*RYLJ44=UD4P_C,NI9N?#Y+7!H)8) M]*])*CI NY0O:IF2GS^4%?&TG*9IWVJT[[_EI'T?9:&K]QZM5Z( KR9W M6Z[(PV5>4UXI367+'T2N)8L9IXJ1@>)X3N5OT'SO CGK<^/GVZ\??B$R%1=& M,R[P]OE!VH'P^;>+E /AV/CJN2PT?5%4VLRO_SE31"T-B"R5;"Z"5IA'0WFJ MZ'V9%9OSK( AE%6:08I-65[C9%?I?.B#@(O$'11T%HK2I,?B])JRE-IKH(X- M\TM"KJ!2 =R#?-P9XJHA@F\F%0G%SNDTR%CTV1X*0CSE.=%/O#9@N#I<91[ M*>L2BATJ*KD,#:W89G[,8@TAE<167M=X66[T1PRCBN]M*D0J\C$T*ZC%P"XT;S;:N!2.YH)&_](!>#XQS%;4O]""75;I]N)WG\ MAB35M_]FIF\P$!ZPP/,[X_O=W[+"P(JH5*QF,YQ MM]UJ[1T"*[L;[=/ZB=Z-LNQ&O=?K%;,;&R+9NVB4?2:5/6%6>(M5%39$J ^G MEV?WN-/JK$J&RX">ZB"XV3CI: 1O$<&-1G-58EE.H;8,FU;DME=L81HU^XR: M"@M"L]HJ-CK20M#R^#LY/NETM1"T7037VQK!6T5PL[G/0M"F%45-(U<^8=UV MMX+HJ1"".\V&1O!6$=S:IB:>0R-U:E4Z,_/K!TK&],*<#ID$3%Z7S&G<7G0N M/"(3GS2&F8S0_"%;>V(W42\:C@PS"D>>+XHKN0!,&,G"V-\P<5>6P#/C0MQ8 M@ G[VL3EQ1!JU01;% *+8V1J5*E,%@>KJ=7$ 3/ 6^08(@I%U>@+D_@1D2J, MO CSU DI!,5\QA7 + '1'85Y[\ MW=5WO?MX=@=D[IA :=1/:\9L]=T4_E\L^$%%2T_:]52QC\S[R0;.EC458:!) M/1 9HF9C5QM?);;FQQ"J*%*,_:-6Q[+*$KZ"I?9@"D9U(3&L5U2/),J=Q#'. MKBH.G"0PTL&3/HTJBCD ?_@..XV34TD^;'I02R"6,:XB^3;;G2T&>0[$I$84 M%0!7Z<2 9-G=)\#>%(\4?"G?QY*G0:I"Y%R(I:C;!2R;\9"&C?C(%3,GR<)9EP,-@&$ZB[*EA_;9Z(E%LNN7>.?IAMAEZ@&-C^MG]0R M!4QH0Y"@,%O6U9%=4>E@ HGY '0$""2(4D*.0I)CM'MSU.:[:XF\4(RW=3/$ M)YU*\/'J&[R=RB9(*),4$M>@3L*4A ($D81S6^ZV.%1()P@29HIRS(SG$K@CK'FD,-_H#Q.N0LHG\?2;^;% M1PY2.#6>#W!424">3(4S <14O4@D2$C?2*QJF0+.HEXNQ5>/X= FP>MJ-B$: M9U"?KI.Z&'D$!:% 9.TE\">;D-1838/D8$>A(%03*DZ"=7Z'0"M"E=TQX(.0 MJH5;5)T4<<='GD=E(/I,E5-7U$549(BYA[/A1BG-BBC40MOC(BL(G0-K5=42Z\(RJE7W,6RRRVH]_X#*Z]R M41GK38)37^!4=*6,"SRGQ"P0$WUOXG/*I8F[F:5RPW(Z(MS>C!@ MXT0]11DVXI!^IH5:#!M:BRR?]Z5Y"(NX"WQ%V%E%P59<3/R M?Y^8T^1'/V(9DXP@_E3#S?/#(]0H@0#WPUI>UP3)G)Z$9B -.7$7A<"P(V5H M@>]H0, >T'=1+834AWM29'O-3"QDX,R[/6F(;-##7#0#QM.+JE&)10@Y4SCR M&3MRD,T9#\J09(PX\&/?&DV)+Z;T&&5_3*UIG&!(]B%R1\+^E$*%1(]8["#; M\$(.(&N_SFUS4HS43:<["Q,DICRK.H#QR1,-PLG/$V9,?F3)0Q8,5P3%F_R] M()\9%A-.:@^SN(^3W%1YV @(>>#ZS#*C(-YU<>2DV1"_@XNW .$7HG0-N!F3*+%Q)S=! MN"M$+RJ\"_^-/+QY5!!=$!J.!Y&,;]).CHVD4T2&%#2JV2$NH[3]+"G);+K[ MZ\Z"45[:Q->'RNT*(8=P09I+71!5"V[^D@1\S!W37^1[F[LC0C1159Y &3%^Y:,]*Y4RPY562M7T%_I7FS5%%QBJV\FJL0UG>E? MJ)I@,%XFC"(M\Y,Y=\!03Q6Q"WU0F^>B%F3=I2CV<[9[&1465%2TI4:@XZ$B M]24=$X)VTDMZ/ZTK*B,P#M9K=*I8XVBW->X7;ZGBD2^84!+U5;#"^ =I,3D& MO40.0".E1A%],T6E?)N1QS;/K*.B-U5?-M(^G9111#!"5!''@,*1$&Q9 'KY M5SB^HE-0K <'^389R4M=SSWR65)B#*N]3A>IVRN:<81=R*4[LG-[>#FICM#: MR5F-70Z0O,N J7PC8/[.5%'I+W[?8=((/YS1X?]GY#*C51>U!K$(ED!B%/-& M'6Y<6+6X*JCQ_.9_I_XWKZFW,:;2H=KOR[7-(Z9OV4R:N0S3UD M##,X=;!8#A+\=186Y(4LJB^E!*^/8/LR>Y 2A2"7)AVS9Y>5X>Q=?K3 M I%S"Q::*U6:VS6TY1U,XU'CL4R#M4J&QPVQB75+'NUM ME8**+4RC1J/F(%%3G)A\( M&C4:-15$35$BI_3R'#EL(*EG=Q$$YWM17V';04!?UMQ MH@TW>.LW.D5D.H^S8JZ*(+IC% MQGTF4KM:5%E(=B&CA[89F+7IJ#<=3*2#B8JE+]7?Y?('8NA@(AU,5'4,ZV B M'4RD@XE>4=0:-&HZ:"J"E*Y-3!1-HQO0;D)[W:2:>*;87U3NLX$[W)>I,/<).W3K-S M9)8*!!-5(P)F7SLA1.7LA'!-%4NQ$I?/1LP-L!2JZ+FV!+@[N@>5*H&65^0L M_'!O84B&O6^0D\B=>@/!B MR^-'YK.X4W'V@J6 \%YW/F&@S*1^1Y?8-*K5OV/#<,:#J@;F1 MJD;Y-($#O' *$RB-J6; 3J-J2CCY#R: !]#;D8__R2R)0!'E\X^-^Z3MLV': MN->R=J#/ VJ1J!HER0+\JHMFF%VAK'\IB_+#ILA/"'GM:/D>< E0V20Z5*<<([R4Z=658TC@021-<+*W//12.G9#N/C4\F=^66 MB:9,/@NPZ9U:F>Q=G3VVF0[>F150ASKJ#;J[BUBA.IYX: +1C//L[IP $1TW MFMG.(+?Q;XI$ADX!IYZ) ^KH13^H#NWBF ;I9E6IGHPOG< : M'G0&/ B+7:NAX!Q,3&[#)JBF7C2;S8/0YWU9#13F2X^L"FYR]X&I6]:?9AZI M4M%-+7SM4OAZ**?P]2$"IL$"NI%]U7]5BUVO):EY:"7.1(#(@L:RU5XD&X2# M?& ! 9--9D6!FW.MOPD,I4USNI?L7QW.>IN8^-9%>_YTU(@,E)XY]( M%,$6'Z+5LFGT<]:5]-,-D C$#6UE_6,Q$ D3L30&'Z-QMN%5#=O\F;Z-5985 MF9>=P7$T%)N\1Y?:+X:J%Y *J,Q423;CRLNV%+-2JP29$)@<\H<@Z10<^< E M B9Z-AC4$!*^)R"R_:J04:56(00:T0-EP&4?\A#X#:)#V; <:A MY]G8"!D$.D_*GZ%H&\52RU&82,\L!TSW),N!1#PM>*'JN)U9: VW$\XTMD2+ M?Z&_>+I%LFR]-;.8.9%:;BB):)9'IQ4D,_Q)-*W$SL3]3'][V,9T.RX^UR!, M]NI4[;1E^>R4?)SNMJ6DXUN2%FEOD]:;= CV>9P'LH0?J*95V(_*CZQ0K FV !M'U^)F]VX@S@J\CY+N M5AO,KRG#*J(S0WD3[J$%D9()(H_E%$1N&3&-LX39W?B>ZV'O>=T,<[/"R;5K M_--T(].?&AW*I^R*KI*H]A$L'*@Y4)ZSN^_TZU&]\5*S1?ESI_'^&FTC#=XA'(?YCN)N-@S^4'+OI-2^$J;9I+B7N*C8 .^G/C MEQS@8Q3-+""ML0(*I&4F8)9J;X'O_-P40V(W:I2P5/=%U2R#;;8&4P94]3#0&(8' ZDH\W2?P4US*;=S ._$ M"VW7/3MVE /5QP@./,\+#UU+*=>L"B^L$$.&//9HYHP-;W20@<@S@G MAU#$)&,2%D<] X(X\X@)22*DTD%*GT,IPB"-PSF>."QI&0,C("">GP)$7@,\ MCW P4>WKUM.$.T5"\'U?V*65Q$V7.X;J9W8\/*[)T5)4ALD&60#5XXBYLO$\ M2N($2$: _T6?\\7MIB,?-;*QY[-:S"E MO7Q=$GU5EK#X?#X;I#>!"+SJF.O M.&QT H3+A3W!(IW4L,SA8]3$F?*#Q%04SXD:*.&"> WD?DK-'N9$7T&?W.%' M*.3!P@+!.I3VA4>"@)GA0.+(9X][W/]9G.% V% MGUY'&,ENDA@?K'E 9+B!!W4S">F*'WV=1S0<>G5LCDXLI>U>+J7FB7?ZR=G311.WMU M>\@E-,"BPD(%@&5NY'@VF0@V^6=D#XFJR<;M:/K#6[F*.KCV =C2GI=UV#U# MW7[?$.I(J#@*.E8=]A0W,;3-T"1JR,@[7D/O)<8@B,Z*8Q/U'M2CF'00Z(ND M+]*A7J1+=X06!?*S#5!D(L$L9-;(%8V"@VD0LC')L\P58BK)H[+[MHRBP5=E M1U#'BASI@G 9^IQ0\:6P!+RF//'B)=%+:2N(OI/Z3A[XG;QE Z%\DH$.F_2B M=]'WG+0+-O;G37S/8C)J+-:GE/S)21]X->/1\W_0(,BZ'.92L!P\;SYXW#8>N.=D M@D[TG=-W[E#OW)DP^I*[R)W*6&0C-)_(0"B-J"M>%.W47A#$C ;>V/5+9EF@ M8+'C3P1T@? ]B?J ^41JB"VYPC3NHF59^0%?\O;UE"_%PG1JV_1SWO1B?SN! M(&H8G_Y2RW4\(E5FW-7.E>>N$DY4&\2CSC2%\EL1ZASQ[B5#BV9@7/,OUTK)?RB7-QDK(Q/QB5EF'U M*X7U=--AO$M'"PF,P">XIZ;M38A+P,V>H"(6J@R -&3'QJ6"T4R"HL39C8EX MO.9)FM*G_>S!Z\BOX5E(BA)T2,RF25""79$)>990OI1?.PGPD@%]L"C7"Y.% M11-*9!2XT6=]";'G9#FQIY?)UQ/10$3ES]&"9EJA.+?&.4P"M,Z/Q9QNO0MB MSHT(2X)58,1Z%!AG0R18R):Y'4?6_YQD LHY")A//N;SR1>_L?"7>9DG%:XY M45,=B3>.3)IJ)H0B/O0D-CL.@*V@D&?]@V?Z=NJ($BCI8*@D $JBJ7U4/_U% M\*-T]%E,1S"Y)9B@)$(1*2I:1V5:8"X!)@2:/YA,"$Q3"2('!,-,(&4I B"DK@/ MGO. )P0#V!#O+L@O;/&"Q&[)?1F;4X0BNP$X"0X!_Z$QLT-EEA&'0&5WC$[' M5O-M*\X?E$P]D@41 B"P,\8/DD3ES_ED$54FI,N"L.%SL&M'*,K@(6>^+_.F M:;^S4@T=NT"18TE?.T>--M#7*S?6BVI)Y&&NC(/#Q9>_CPGIBE31@E*219*L M2&GK,Z_GK4^?GI>EBU9].>GB-$7",,XP3]Y(_Z8$C)-&#P2, MJS$>&1GO#WMW">S>FX(@>C>"4W'TP<0]O3&GXVQ>4$J2$(KTK 4E8)2" @<= M)>,@R4/-1((S-5M L_5IMHF<+5-/ I_N _E1=D,\_Z[GBK\RISG+_.>F3(R_ M^"A\,V"<[$O"$HB)AQ%PXBF9AY'/*,TWFTX"=_21.;B^O&R0O"Q&JODX<+Q' M33]?II]SN2+"(BSEN+C*S9+VX>751FEXGIM";]G"+1,= O\9@6"1(5LJS9Y4 M32E7^I1?Z$R5B)^ZFXH]!*283C'5&MD(Z0$@<@K;&4E)^&%DPKDP#4P\]S'[ M2)8(DOD@\[661%0Y$!)L/R2RU>/,I:2R27&%1'0\=X63=Y_*F;Q[GL[X7P+" MPIR:96N%N@Q5.Y>ID4 SA,@1TBJM*A)FR(;&Z*#-E\!69_#2B MLF=(\DFAE0FWRED!*%0I!4)!H5[!9Y![CRX\EJ*W%-'3IR;IR;F]3:25Y)G(J6Y4>)_2OGG+XL_QCS MR,BN6]PP8^)AF1Q\.;OB%-(0/2C)Q2A"*D9%;LVG1$/X0P$CJ^,-8ONP M*.1#>1IRJ81R18&E:Z7@NC"EO4U?YLFV)9T5LG90*&L0C>$,H6TIS6M@.^$M MJETQI=,38Q=((R:R"D.39"7&,#)A_T(FE'[)(RV5X!K_FMR1O,WZ^]LH.!J: MYN3=7>(Y3RP=-W!C/5<>"KB-PDO\,.*D:@-@2$UEQYECR15TJE!+%DKCHBY*]G0U%EW /Y!]6P022B M 'RJJI0RL4]\_B"DI0&C\BN)8Q!C'(%+TRD&3#!9P\?F/F@:LN"$2L1##5(@ M0M4\EV$/Z'\79SEQ4) 4^@C,VA,Q*@0A1N=(D6T,:JZ0R1_1PZ0*'DJH,;1X M%N@:#D<7EJXW ;W'^MD4#83V9A!(P+%*DAJ/3B>*0+=3/L!?>NR^J"':K1< M;TW>5K7@Q$%JW-$H22R.I#?HS36%9"-BVY(X.%DGATT$'T?9,Z8*?ER'T?6( M'/GD[4\$:/QE1K/1!L3W,2*8(PC@V.XAP/5P&KHZQJKHHXL/L)( )8P,0 MIF/C\@$UFD%&R1#.*4- [JD)\D"B0ER( Z2+^!"FY8&588#ZQ.HG3] MI!=D):V\W/B4"CR$R7%CG)0/=>J"*$#+1*8HI@\B&DZ?"83'FZ4I]@M^(G0> MT/$CUYYBZ"*@)#&Y22HB"XP:XJHD!?MG2OY@'"DZ+J5R31N?0P;[SYWIH@BBNK3IJEH4'T15 MMA4A"A=7VIXI["BB=T BB"MI8[SG?&WK5&GM1:7)A6$_#E(4DAL*?ZK#A2$3 M>SJ9[A;QBG!FT9[H*BGL?2:JDZ8"6E4M;V%X)(F%8:I,_T_T#&-8DFA[+&&Z M-7%((<*E7TV_($J_4;RC# Q(&48IF 0(-??QSUH2T6D2*H\$*D5("U9R.S8^ M)AB&B6)#EY BXP+;,MB*P@U5A?HX=@3@,)UIP(L(2*BN=)"N<(FJ',; S2ET MM5C?^13!J?H+^*]Q-::J/.2A5'V2S+AT*P4D#3 R%T/U5::7O #$B?#F_#MR M01010U%@*GP7!Z2T&N+$8=1S+;YD2J#(OBS:-OVMT>W6ZLVF\-7%E]=*1X ; MCR 4_*W=.ZUU&AWCYZ2Q+,*'#:!:M7J]CO_[19HE9" -NKK$U8VO #Q_>X" ML^QJ[=-6)8]9-:(C1(/$9?/"E==\LVGA&Q@5E@U8=G]]TXQ1FML!LG&,#2#) M_Y0?#["ET CBSLJTD_!K(_X-Q=:9[]=,8==[])H]2M-(HMAK"[NOQ5Z.(/J: M:[S3WK$Y6U^&7K957M$:QR.O4_W_G)]?7G[\N(3:V>G]M)6KEQ8V5KQBBA4N M!FSUR+UG!GO-*E?M7ZR@0:27LQEUP2.V9_&,K8FU+#=4S,E 1PW:PR5QER> M2@*AKFCL,8B-Y9;I^^35R'B&8FMQU@F"W6,C!S/219L6A3_4O 1$/#?&I0S3?J&XS +6%$O@B(NDQ0\'7$3,9/O[SEK<,6(?HP6$ M;P9-XQ,/'WU0R)!NF%R/^S-^\UD7^Q<,+OKFA2RX]TV;G;DV.;BP_2)_P#,: M:.=[R9SOG0HZWZ_O/U_>&K>7YY=7OY]]^%*NH.%5L@*=-3SOV@M4G &V?-Z$ M[7E\-.Z+\^1HKXWVVNSN>)33:W,=5]*0HN**=TH;_#<(8;/6.VW73NKU[&ZO MUFGUBC4BS%H_\UTTB\WLB8-@+:O_K.L >^>X6*!4>PA*YB'H5M!#W)2LHHGT#U312EL\6K?T V@^P5U>L#*)KE5=4G)ZZ93_ K?D8ER34/H!= M6HQ;)[5.IUGN+=#[N32$C>YIK76ZJDGA\.S_-P"%J&BU'A$J R7/U5I=YJ]OMD]KIR:JZ86D\5L\YFV8= M4S<^EC4-IS<.UL]W[W]_^N&3=?SK[= M&V??+HS+?WV_NOEZ^>U^B>4L<4V<+;BN%J0 4D)>WJ4NHO?<KX)&_FC0<5 M/(Q%!:34VMUM>K?+.T)!"#ZI]4Y73>$^$'[Z!;N38<,TK*_E>P]L)U=U;>]T MD3)A6=S;K5J]LTWGMM[D$FQRP:43BY4L-)?*C5KIU1HK:X!EP$]U,'Q2Z[9/ MRW^S=ECN(],!>>(SBYM82K,Z$D$%X]5^[C1J)YT-);F_!A!=YF.[-> [M79G M0^1G.]M\6)*!#G=;E8&BJ:)>15.%WNJ5[9O-6J-7L-%D]]4&"@S7RHD6NTA) M7 9[FC W8%1W#4.MPI'/1)WR,4P]"F35=16@@H$/7;*X8@2$:!D*U[5YVJ,O M_]:L=>J]FN&S8,(L+'F>:4&?Q(2N$N9YLFSW3(_GYGB"MMA.83VW%3Z@7+V!O< M2XC;W?>T!P&W.3:X_NCY(9+X"^8@6S4^>Q1Y$QB?8-B)\86/.2KK2.\Y[)4_ M\41G"^X2U_C@\Y '(^-WCC ;5P&0=3L0W::SOQ$L\G<\!]AR(]Y\8P#,!Y;E M\\#F%K58+R->RWP8")([#C33-\Y'INLR9V[7"![8IL^>.S1^PW\A[\Y>2MS5 M*Q>WR;AE#\R-F''MPY&@(JW>('GW.#V,[4WP5)A&Y'*0*,:TJ3@GOM+H'@-A M1T'#=!R"@W)[3"3!];,H#)\>% MW_I3>0;HQH1+LBAD$+ P,&R@T8%YU9@H6M692BD*;/J3; M-*D>25,&*B>#_1IS/'2/(P;\ (ZJ%SF"3/6904(WD*2Q^8,944#'@OHR3;P0 M4,L!+P(NO=LO[':<1V.0T!JHSE>21C#:?M?BCE0.Y6VW.=QCGP'E#XP^"Q\9 M$W0C",TPPL0^$8*C+CN=%*E7!J*+%G\REE GB\ON>:5 K1-X=')(_#+'#]VW MK?K;.%.'KZ$ Z[W8]%YT=K87Q3DX),7H=K<3T/[%"T!%"T.?]R,4K8 +H^@G M5MWJO4]D_Q4Q? !!_>W"@OI_;K7:M<[*KMWMHFU5+Z\^$9L\$V':4)!UJ0E7)6H+ M%ADY7K&%[0%J*LV"T9IR%YO1TG*)L6EN.]/N#1F/VT1G ; Z9 MD-<"XSH*@]!T*=/B@QEP:T54;BNLJPC[2CINJRRVEM9IIU:OU_%_)=D)O:T; MV-:3>K&[6FDA!]7)@-1)D7.BC6N';'?1FWP FURT<2TIFU)HCZU94]I])OLN MDWSW_?CNV!@PV'L8/\[$(V!2>;B41CN3?)G.%,XF[='3F"UN!C)7L#3Y>_,Y MCMI2IU/%=F^]TWM1'BN?3MN3.,WG#<8,7]@[_;&X_*I69^/(>PTX/^FMW/^M M+,K0N)4DN4=0V9'F8.$63"&N&2[3O5H6:E*-#97$+)*HZ.TIR?94VK:'82$C M%$#-*:F>LKJ3(:H[8870H!SFOGV-Y6RNR@_W@O3H+2[-%E=8SEE0CF_>R%:. M\[V<,7O#LQ1SQDO-H/4F'\ FYY"Q68]%OHU\<3'RI'SZQCH!:YY6SN4%DB)HF ,8EC)^ Y M>&T,;P0A4 -=?%-[\>9'C3U'W7)ZCHC\?)2]2^;O!4$[Q MM>GZ#OQ7^W- 2^K:I',0>YAW<2KT-J2VH;,OE[-L64-EL/Y7>44;LGKMQFA/ MB0&&@Z4P8_GR7>'FCSVH953>$7:.F@U=D!?-PE*).'+80%Z K3"E;]&8^68( M(.E[4IZ%[0%JBF,DZ2"VHFX-"P6;B0+1OD@8/M V(FP>\W:.%:]7H8E-Y#$W:B>&?E$Z];2W\;U\#5!E*7"O3]8NBK4>:*E\S8W+L; ]0$UQ@DI!PLD% M<[TQ=[507[*%[0%J=J/\-K=U4U2Q"<.4Q2:4(U+4G/"2FA.%WZ-#BZ%9OYY$ M&2[FH>W6VF4BRLF8"S)%5XF(%*F2E>=<_UP_WM21+E*EUR=%GQ2MH%=:LB[O M"#M'3:7E@(N%@8]:-R_1PO8 -;O1S;5CNI2'H;PC[!PUQ;&3W3NC%X?=:PVC M]!K&>LYFK8X>Y&'1S3Y+QN?V@%.6=X2=HV;OA CM-"[GPO8 -;M13+73>/_= MD-II7*7=TD[C98W%VFU<,>VK[,Y ?5+T25E;1=_S!@>YE5 2HQ)IO>N;'=]6>DY+_D53VAKC%/EA-A?8B![XU% M_133L2*'ZJ<<)ZM/ZBTMK*$T6VP)J[_Y;,3< 359J^>:&NN52.FDN->@6+ M+EW??[Z\-3&C.+"L:X[T'6N ! M'?#)A1/?7X)'%LV'_PB:P66]I)'GP(T)DCJ/!OMOQ,,I]D[Q!CD=4BZ8Q<9] MF*/5H&\[,YU6= $F78!I?M1*%%:9KWQDQ+]E:]\8*U)=O4>;VJ,Y\K,V)RQ) MFQ7MC:KVPO8 -<49O21O[/2VDV_\@B D.P?5C#X#>0(U(11Q0*GBWJHMQ0MN M/5.DM4-!TRNL=\W)2:U1;Y5[!_1V+@UANU%KM#9?B*",3/@U:#H?F>Z04<"= M(%I46=\'34)8< S31B4/>X64PS"[IWTDVMU:K]DL',5ZDU9RU79JIR?;W*3B M9* =RCW,M=>6>+2WIW!O3Z/9JIUNJLO-[DF3WNH-B\"OI&^;Z^/QDKMHUKUT MRXA6W9A^.+U'B<>T4.()W]_\V[F_/ MOMV=G=]?77];8BE+7!.G<%>&6MC,S>X_=[*+\CW)JVQ,\"X;/K,8?XC;>\#= M#7A 4LF '-1Q#Q#M)=H++]&^>QNVYQ'2N"_.T[-E/;"TSIN==P/8OQ459R;8 MLJOD:HRY!U>N#;SL^2/"$/1_ @$Z@%H R 5V!R4 MC=#SJR1WK>SP?PW*.LU:N]ZM('JJ@N#V::W5W%!]A?WS27SAKO$O;MR-\,Y: M(Y.##D]=/?\=N2Y\(@&D\--Y2#ZSHPK>_4/:G\9IL];I%6STW]L01>UR6A'R M;KW6.[3$Y\/VE"^D0 MDUATHE'Y]ZC2B4:E%=9W[L#9OQ459R7:LDOJC\BX 6Y8BTV[K[06E=_G49R7 MH5.KKVRJ+#_^*KH9W5ZMVUTUK/?P?#[:@KQK"^5)JW;2V::'0V]2N%^&I.J>15#6W.! ?F.)GNU."! =CV807.U CP#IH!OD&BZ8!;S$ K+Q-% M^4S#3UNV:\9R89>8_&V,8:TC(_3$!X*A#U/!IH?J5X# A]%1)C;[7A0:?S/: MM9-ZQ_CY\V\71JM;ZS1ZO^16 EPA VN^-J"+5BR?DM1O>?!#9VV5+6NK6<6L MK:N[W^Z,\^MOYY??[F_/RI:O57G:=C9?SV^>N(U,VP@?/:!KDXG#F1]@>8J) M[V']4J!Q(3./C1MS2M0*?L%03"(^]H,)1"$P'H'U *GC-M(M]-:I@;! ()) M?)H#XQ)CRJ!R^,R"X)@@N1\!A8-_D&GAW/B.'$L"F90JA*=2U#,9V8XL&-7S MPP'H8;"8";/X &\QT$L V;B)DC$ -%A5#0T\]<%ANS;BY/3\V +$IZ SV!/^Q@P6PP%(P&=^';XAP4[(^ "[RD-\ MEUGP'CP5>)%OBLB\H6].8%4H))CT*X*)(%=1 M!-ACFK^ZK7(W_.7LN.2\Y*OY)]SNSY3*4)YU#ZT MA$7*P&KX@AC?5_B:IQT;?=(@=27UH _/FS')L?(2W MB!?2!W:;<)]WO96$//5"#1:A9UNS+OW['"O MX3D?5F6*6X!!\+W?@?AXLUSO1H32:8ZW)8[W()"N^-W:#,;R M)@ M/!)F ^ MJ0)N@.#.LSH5'ZGX7(:W$BBOYG-RBJ69G($,3B C(;@$"A'=>CU+9]7P>::I M9>Q+RB;%K:'S[BL+1YY]/9"''NC<#>A:UE1;HPY%,\&7.7[XV12M:7A%+%\$ MISB_>#^2$VPLL8RRTVZUOIECQ)^[3#L@YV.@XTC+R61#@ R9RWR8T6'V$,5U M8*A_>I'OFDX LA :Y4=$C7T@N,8XWCTSV3TD>@/N G7FI+6@ 0B_GT3^!$AY M<&P@!,D306B&9 PC]DU N%[(A(,G)N9$$4GL34HR'*?_]SOAT=G:CONB]_\40=K0'X%>,N7%0/_E/3+)=V2 MZB:SHP@9IL)44F26.7P,*X$5":$Z?XU&SOIBJT00L!"PZG"SSQWJTUF+'< N M"V7Y=#2B4&=E0@4:9!Y'0*^F1]ZC"U.ED5%%X_%NS?;,L!DH88YDK1RA%QU3 MY<%+MA5Y<>;D43_40OH/'K;A_N74PM)D<7[#NH5P)MC3(N7$P M/A'#9>)(%,5J=X:C,J<$GX6AS_N1N*2R.ZJ*LOVI%$?K@#;CE@W1>H1ZU1SJ M^[[Q-D/+UI[%,B<\-%>MW _8 CX8&;]SE":,J\#!.,$R(&&C@W4+2Z-MK%R] M:KNU9E?E!0=01K==7()[O5;?PGG8MYSJ.PZ*@F]@[T&7.>E$E/6(IWF_ZF:S::2J01B7H)Z)=)"K,3K= MCGDZC4^NU3\M/XG8A MLWT"\C;\:^1%DL:=#7UN14X888S2/;-&+L VG&H:=^"72-.X+0N4RBR:7E MN=Z86V>NC8\1,<4$E4#'VQUJO)U=P7@[=8PIJBH^R :=Y"56L\1=='3:R4MI M)^G<.V_"1 Q&)MOBYO:<0IN"J/\GLZ@*"E4RH6Q!-^"V>HGV,15(!Y0>=M)P M/7AG.I%U3\P@\.!=#(JC"&01&<,I>=#XYOGPEL9C!Y\FJ&PX:P#N8^<-]SR5Z',PX\ M'_B!J+XBBFQ96%#%&H$"+ #(0Y_/ M"& ]@*###$8C0P-\,U#P: .)$&(\:( MRZ#$0 GD>0JM-A#-.O"'PBT)M>3<5ZQ_S.CO/, M Q$[2MDWQ)MR7\1"C!2YK-(APP4YG34,3WX$FH3_S0..0$AJP(B95 4 PY;% MU^(7\:\I,_U \>1,G'R"(\FJ:T8_"DF40)' $7Y^(%^"/<9<AH5 YC9L('$!AR)-M9X(95*DG?YBV ]0,Q'?(@5 M>!T.\P#%8WW,% (9/1)I1L3*/)\#^%@FP PC/^$WQ"VP0+.LJ8*Y15@#T\C- MC[$6K4L4W,0*!@ (;(HG4Z%P-5@"&-\1-3DQYE^J?GW3_1'SWC@NZMA8B+W9 MD6^_?B!E"]E)'RL=,]2VA+X2L%!+1]SUB/TH[ L8WQBH+ND8U2I5<2NH,BK+$,>59 ATRE/ M<>-@'TK!E85J">3Z*>0J_C!T^5^R^(!0@7P?"Y-)$U^LQG'WP<,>+\)P1SK; M#(%#5A^Y>'>QB#-Q7&'D [;DOD@,N>"!8Z!XQN.(N00;7/1I;%^,T(PH9L%M' 66IY!:H;J&R^KH%VL+225Y!6JF/+M=]FHWZ;&*LB "$DPX\9 MQBYQH&',%SX2+%OLX_@_6&B@V [*R3E^BWVR0!N)\-4H4 Z, ?<#7'I-?D)3 MCZR@B617FNB(IM+@P@$1^: ]!"RNC2G\UN)W> 6U#C),]=%1HJ;BJ66(#C+< M5Q4F805"UA>JB?+[HUZ5+(3H*P/%9,Q=84SR&757D58KU>*&% ]J8L.$FYV' M#'22P'/BPI9 KCCY^8',^\+CV$>D(/O 8L^QRP;4#IC*(\_9@\D=7(Q$;A*= MD$OL%Y'P65)_([TY-^C+ :DZSIC2I/]02?^?%23]-[%3\B9V2L9'63.#C3$# MA>>LUQ?Y D$2\P:BQL>8;LF03)$3?4"< 0.57!)Y11S4Q.2^8"Q U/VAM.>; MODL50LR$HK\WD!1(LQ.07?:(!9@I$HNAO2B)(:#!1,D6E.*/C3]&5(!S$>@P M6LB19P" Q$L>.1!EFP?";> -:M)+(7HW$I-(?&EC568,?5.V#C'N M&*1U6_F]6:J92RSCUZ0);FH,L8. JBK'8W\]<8TD)O#8N$A-E7;(9QC" 4*=2!'D6)+=AP+H(NK[;8K M2J>^G?H>'R).%7I6I/Y;AJI9%V$NJQ#QM3&\!?C/A?SKKXC5+4#2JC8BOWH@ MV!H/;,0MAZU:,FD;"2^KHW-SZ2K+"O!S-IXQ#+YX[_ +4 MW3XCPJ^5@$-5 GY44 DXRW;<2$XX2DEXLH_H:!OB;&NM8"M^;>HU$J3:D! P M=R!6VJ9O!_"<';M6TYU"SN[.TUU"6MUZS4C]FMU:E&+3V^L;BH1EMEKM=#RN M;.PK!'3;!G$I)D.[_W]ZW]K:-)(O^%6*Q"R2 [-'[,7/.!1P[R7@WB0,[ MLWOW?CF@Q);%$XK4\&%;^^MO/;K)ID3)I$3)E$W@G)W8EKJKJZKKW57:S!/I MG' +TO#7)93,#KJ6RX*O== MWU=ME/@@G(O ,6- 1QPRAU&N9'UT?51D395X12[64\O)BU11-L7VS)I3$7J< M:1=R&$T\L(:&G<_Y/@X M$Q=IA7RQR"%7&\M>Y%1/C1>14P7VN"/J4WA5+SVQ?7#A@S"9FS?A.A.9Z%NA MN*I.E(!I18\R+\?5.-"[\!BX_,!SE_M3""4=S??Q84$MYAIM.#FS* M)?3$1TE7%\_70MZVZH@@CW2.B6*& Q\E++57#IG"8S6@3:\ X]<%J^R.B[F\ MG@IX3R,,[5!7_$T7G#=>N=*BO@O/IEVF1A"!X-$DGWKG*84U8U;Q3&-5/R7B M74DW),PJ')/"[I0;F7$GA*^UWHC*<%T]00,_GD)312*:1, M"'Q#VX;D/R=[I,H(P$4X-ZZRWL6PVN6GI[ M%A>YWJHNS$Z@[. ?I=H#J,'C M%]8#BI?:E7JKKI1S@JZ48EY#W64',_C'O8?M*]#- P<)UFS$WP]F]F(!E[\A M+440!1A7,)]B[S&NLH%?BE0 (%K IG+<^I3WV#".?)/$2QE_=R"* )*/\M%V M+1S?JG#T3E X2N8U%/=623Z>N%>O4!MW8+XA6M=6'.4U?1&[$'4(O"MB\#%"8I R7+1H5S MJH=+89L@B46F:MP@GL0D(F*@ (6_R69F]W(=#(3/A&FI.*K6D(?Z.IA^&+>: M2^^'->[3:2-5U->0PGF*[WU\[O-&D?10]O_)-!=W$XZK(O83MTZXE+W@?FBC M;V%)^E$VDZNE[%N5LG^>H)25?&THQC8T5JX%ZX';#MBR6GK#4&SYO-"=R):2 M6ML6\)0OZ8V_,&Z%"_)L;!OO;K]^>$\",6XA8USAI?8#OY\97 MSQ6AZ2_90\_NJ[;2;D8'1#:L-#=!R[GA4'(5?5\^T\GX+,,0REZ98(;'766T MUS&+I?W@CHN(,\)N8)* 1S(,ZS#G6I.IXU0QU)] M>=A[X@Z99Y:E(N"-4/4X1:%7&ODLTZ/8$6R]%FUKMUX[V2E%K5*3'=* M3"^LKC?EJ+%&XGY]$PPBAF WS3P'DRE:69$:]!RL@)JT3%E9[%Q79F!?(OG2 M3U2P=$2_*>J6(.+Q@E"9DNK5J']07QOL.'K:RS81]?L3V 2K98\LLU@:W.;O@9A_BE4X=C]'4 M_Z73_ 7]J)? T!O!<:O]2Z>%2.[52#XX(Q\'QQF.VX$GVX\.\R3M.UFJO_Q; MF+XAP'C 5IB_&G_<_35M#!1$9?6GNA]OD'?_O-_M=%X= D^6&MU1-!;&OE$:GZI#GL9(3F3SD$#>>N M>=']S#"C<.;YW"C!!6#"2+;;_.9A@0VWLS'C]I[83 &[\L>M0A!J-5R4FWK$ M-3(-ZCHB&WTTU&GB@AG0+7(-KD)1_7;"I'Z$>PFA+H)]&2D$Q=J0-:[]6!^U MEEF7';[7\V#_!\F-F6^,'O@7- ?T+R6V5_J]V16)& M"[B[3Q=W(#W/"916<]0P5AOT:?AOK!6-IAK%F0'U-1MTL2M<%OT:"0%7.Y]Q M=2F]]$WF&N/\SJF@20&A^;1II+,J3L620IHU*=LGX%>P&P]L(:AU%%8+>3JJ>)Z3 )#K\GT:55?P :H=OX 2N/FU+4'.S0W$HAEZ2P_8DZ/K(E! M7@,Q:?Y W4H!9*[.I-',_)&Q"!^IIE-^'[NB;1F5K9J[V=G%J$H;8NLU$PC" M;A5%GN)V:\(U)ZHV$W=TS$=5AFF"!O;\)6.%RS,7"U O)/5E+;2L%,:S)0V, M]!,A7$BP%M.C\\;W/G.%?"WP/27 M#5P3*!+1BZ)U?I)@QOWB$D"H-9/L3W[ JUM]:^_&-?YNNA%.PVCAX+CFH*$W M3F2"H$ 1W$@PGBA'C DBY@/($1"08*&Q>88BQ^@.UZ3-'^Z$W\MB&:^;$C[Z M"X5/U]_@V]HCA40R2=MS!^ETKDDG/!S8#_;$2#I09A;) ZOQ2P&\B<(54QM- M2\<$7%NJ/G^%I>*_XCS#1)P8P4Q:G\GPPU5YI-6'*^$3GTEOMH=-[V)Q$Y>9 M:S#R(P'3Q;%7C'#Z:S*($H<3VS@6A3J2>=C2T?Z)9CX]B4"S/S:J4U]\M,&X MI\F_ :XJ!VN%.H MUUNI;48>04$HX&>'"?P)$9(V;#I(#HX_",(8CU*38"O >Y 5H7HT,K6G(344 MG5 #,\2=/?,\:JEJ2?:9H3GYZ#8(OY'F\&0"7D.(0%"',GY ="\JHD:JJA]U:U7?ZF/8\E M.!?QJUZE[@2[)^)8!3N8.!XB:].8FVS/8]5#^2*UUO(6_#C_07R4;4?KHZ&C1X8!6<0W7CJ->%DLC@B:!=#Q]X MLN?1'%\Z HHY&%RHZD/<,S&AL;'5=):K^#]KW*NTH]Y M5P56XJ+8"2642XN2G5IUJ\EA#Z;#?X\G$.-?O-4QR9E_7YC+Y(]^)%*AHEBG M@1/DAV?HZ8(@'X>-K(;/4LD]L<O)%*%&BZ<^4*<.:@NC0<5X#)F-NAT M?S);\LCIY,@J+JJ=:9Y@2(Y0<&<<%]-0(='#AYVF>W7+!>0LC#4RQUW I3\M M7W=S:!1?>*L^C]J ;AS02@FK,!6*I @CJG*X(F@F9=."4H0 LYETYQ?Q" I) M5,EL!(1DN+&8F%$04YU93H8S\7=PD5.Q4SD?7 5R*!"P"@;O%,=OV%TWXR&T M]&?.\G#F'!@Q,/0QS!O4,OY>=X=<= MHK%1VO,CMET.\5248!GU!Z.B-DDFY0\ X1>2="VX&8LHB;TG-X'3*#Q& ^_" MGY&'-P_L_(E,]=C(B!04E/%[G,:I"1ER]*A%"5]&&9/*:X=D<:WDUFV1JUTP\KL 1$K<),&W;$._T+TX:$BYPM'C5+6+:SK+_Z!K@K6' MJ?(.W>:GL/!4F#P+'5-UX#:O55/(-E-1G'_M#E,N++BH&(^-P,=#1^J+7JN" M\=:/]'W=5X158V]SV.J=8DNGEYUAL)FD2D<^$T))W->&&AO/?Y 1DW/P2^0" MM)*V"H_\XDD(EJ!,> M/7SE!P?9,1FI2UW//?-%TE$-V^@N-[G;!<,X'!=RZ8XK1D.O5K>:';W&^(_+E=&E>)[Q#AFE [_^JSZ5*]JV;:R%O(Y" MW+>,X7:-X0-CN/-F,)R6>&JM UD*:52K,A1K!=F+EP,I<0@R87II];1?V\G. MZ&\;3,X#7*@D:\R1V8+7J/J-]=J%&NN]-+357:S&8XW'*BW6J1@>2U(3NW9X M>K5-&4[L8#5J:M2\2=0,(_4.[O7/V3N[IG1%*'U6$[DFR:%K]*%#%F:57?56%Q/5Q43'E2^G3^7J%V+4Q41U,=&I M8[@N)JJ+B>IBHGTN5%U,5"EHJ[M8C<<:CU5:K"XFJA-Q%3Q8C9H:-6\2-< ?#!L#'JG.$6YIG1=9U(3N2;R M&R3RP65VALVR6DR470ZS><"!-NV.[;UJ8.W7S^H'X:_O3\W<,!#UDS-1>0OO #AQ7G3C\(7\9CH>)ZT:^._ M<< 1'/0*;[T<:Z3M]\?=5;(?=@-,_O17#1#L$\_CA!NI'IC/BV @3=N88( ,]4. M.(]5;0F<_V "> "]%?GXG]21"!1NYG]N:$.O#=-"6LM.AKX=T"!)-?Y)C@-0 MLT;#] EE-TXY(@"((O^%D,<386FR'TXU\EQ8@,# 80$A*)69YU@XC"IF*M48 M%+Z34.IB,HGF$2.!9W!,4O>.@'-\:,)JB]W$4^HJR@R3< C2R_N+@D0GO_13L\IN8UO6Z;,_D"M1QW'8#8-]!%;/6TT=+RW+HS.C82J?V1M2(#)3>,_D3V# M4TMXJK5IC#/.E8PN#E"VQ+.#94MG7H@LDMBD@W]&\_0,KP9.LC1]"QM'*UTA MA[#C:FA[>8\N3:8,U7@C52.::OQLQLVD+6FK::<$PQ(T)2J9(!G*'/F@:@+! M8R@,FI4)OR<@TB.X4-MIIV"KB,>Z3&TY\CT$I6537WSY075\.TC&8P.,]YYG MX8=_XGF>. 1:#@B74ZZ!C/J$,7MMYID< M8ZHFE\N.X)J1K0\04R;V+9F<1-MD*BDQ@9M 'W/QJKV9,EG(S)?316/3G&'( M9*SD!]7"G-+VZ7EX'A@D?J#F<.&(+3^:A'PF( '.Z.:QJ](?(5Z![Z.Y;&6: M+)M-CU4C!41;,K7^N^^Y'@Y1UZ)4=?#IK9HNCR=HNMP*4C,)2QMIGJZ2&7/B M;N:-:_S=="/37QH]>E3:Y]&:Z&T2+#;(?Y!5%W=_&%)(/#=Q4OZYU_KM!D,K MX#J^NXO&H9I8>=9JOO\5I#FIBWANH394,ST(EO43&U?PN>0/V@R3Q+55@[)- M6,CB&-1]9+-1!5K@C_.[<^/SQ<5WG#Q-TRH.@5UBJS <3TL:$*#<-%A$0S.W+.$PU/HQCZ9C7,P M .422IBD(M',ZBD0F.<1$U)$2#>%W$2'WDF#_0Y\O'!$,C<'5D! /%\#1%X# MY$=@3'04^TU=<&LB!+_OATN6.HWHGS^_.&7$V3,D)."0.H'F<"/ G? MFX+T K%%@*1,_ON1WYZ,/-/5\T8DT!=K"/W"4=8AF$!^;QW4 G HEY M-;:8F8TX@#,]X@D.Z6C+"L>>HZ<@5/HEEJ+()VJA1 OB-9#TE+$ V!-3%&.J M"3C#5#P<+H?PU9 D"9D4#,@LT\''#H=N+3UQ%&RA(L3$H9:-$! MGG',R@"^HD6,8Z'/GX*U;2M*1J^B )]YC_C7)=XR#"_P#&JY7'(Q^2[Y0BH] MO/*/,P\ -1V^]3(S _OS<1,!@FDLF@:-/FF#-3?J4O3[03>A$- &Y]E(I7FL M5V%9QQ%T'LWG)43PW63%$ROTL5AZKM7@>="464M?U>,U_W@38X3R^9"#-OIU M>\_(S.$['JLVE@&L\C3+B\6"U>3_1M8]234YO1Z#A7@KB[B#.S/ @6A>U65? M&>I>]PVAL8Q*HV ^UQ%/\21'RPQ-DH:"DO(-3)IBZ0./EYR;Z/>@'R5D2J&^ M2/5%>JL7Z:,[PX@"9>:F:#*181:*RE#JIO:%V&@.\<>J7 MPK(@P>+$'Y> @?&]B,: ^<1JB".Y'!IW,;*L\H#/9?N&*I42H+VZV3*]N2B%]-?S)3)'BV>F&@91"OD\QX4K/PD?/C M7[E>$JGR=P_H8OP3/A;Y2<*QT^Z\_]6XHYL[7:J0RX\DB"^S-[P> ?,U+OQ, M*EO62Q<"7M*6.1R9K\\L&ATOXXQ/\CPE2?F$F'X!^SA8,-,[#(:)4=2,M5%I MNUJY *=-@F@!0\%\#[OB@R)+W/M"<.'"U(%],1QU"7)1 ='@=&0:U#1@ZV=[EX9-IE:R MX3.*P/:^(4-M01C7#<8I'4QJ\(.N9!FY$\,NL\N/7N189&%9UGK>;VP&=IP. MYN]YOI[BQ8=*MA<%0*"9<*QD+^3>=5PDNP$C8$B<2(Y%!I*;[P M0.S>T]Z8Q.?W2%P^G>-5D^X,8N$HOO!"#7H&?'.&B3]5&;,D]I>I;OQF@'>- M"X"S>2Q=!(NE-JK$=+5P>1VA6YE8*^"N5<%6I:_7>JF["?^#6\"8JB!!T2L[H(2K#+#S O$LFGY;63 B]9T >'3C)N:UW.8/8-\9L\P]4R0JX%(RE]B!,VQ08%_8 H]R!@/OOXC%!^\9L(WZ_;/%JYYD)M M=<;?.#-IJY42BICIR6QV' !;02%Y_8-G^I;&H@2*7@R5%$!)-'7/FJ/WK(_T MZK-8CN!SF&"!E@A5I*AJ'?4V U\?X#M$\Z>0[Q!U*4'B@&!8*>34BVI(ER[@ M'@,24%%$KAUJ)I_VGFCU$&ES(!.#.LH($*SY-%5&G561A4XH5NG IBHJ%!>F MHJPRD]4-4)#>!TEYT\0Q?649FZ$& M63 CFT:6K(D8=D"?O<)6AE2M##=*7&%.9@0%2D\F)#[AP0\&PG^P6;3.Z6$L M/96:R#O#YX2?Y:6AHB +@]3)FQ, &Y_C;%[:UE]FF_P(Q8:;[L+ZJY]]AR@W MXC^/@1\ANP \ <[95-*4+57_#_0RYQ2>1JGHZ1$8$GB/GC. M W((%K AWEVP7\3F S&U)%WFYA*A2!, -\$EX#^T9GJIU#'B$J@TQ8@[@EH_ M;+6%\,+,9!^& 3L2O"#+%'YYVRQB"X3RF46;/@YH-H9FC+(Y,+WY7-MHG?: MJB&V"Y0XEO*U=];J@GR]=F._J)%4'F;:.+AB2HZD&99),\;Z;7\ MRM>SSE=SS_/61:>9S[H8:2(,W]F#Q\5/$N*HRAT^SS?TORD#8] :@H%Q/4>6 MD?7^0+N/H.Z])1BB=S/@BK,/)M+TN[F1NJ386^.DQB!\5-T3^=SV7?TIQU[:H2;:19#PF\>\1&!8IL:4>YI.K*>U* MG]X7.DMEXFMW4ZF'@!S3)3[.1C5"?@"8G!P[(RL)_S$S@2], Y^J^_CZ2'8F MDN]!UEL\<54Y"!*N.=?Q MC/SBY@LD6E6 !Q>5V1=RH:FSE/1)59>K<13*3U.ZUG-E-H+BZK#C [[_Q-2/ M[CQ.([2:##3NT;S#2"7^;6K:#JY/O^"83D;#/7X>Q \),(V H5)*:L5]+L)4 M(Y/8'94OK+ #A!]E=Y1>4&PTE8C5:YV MC_EGK&03%J42XJ0$XAB,:;(E3$J'A"EL4ON9,]S(IWX5CFG/9=PD30PZB[9% M8X/NTK&E BTJ22.;N=A(HCFP82@;\+TA\%5.#7U[$1WRS7) DGD9@AF9;P!>^> YX"@@M21$_6 M-OYKRB)7JA)C3$UCU(>XF,V%%CKB9?I8]KJKH-+S8P]'GAXD7&&N\8X5E M":N>Q,!FY>C3.>@W1OPW9+>5W^]8#5K3:!\:Q?&O#IO[B8X#0/*^2&[D0(;/ 8[UP\.!$:K; M=C5D33T,[@T(K)K(+T/D#&E5WK"_+;'-S6%069$1?/-"$7SQ3!OB;TSL?O#1J\S/&X0X1!1U<*ATLU15^S;YN+CV&^>*YMD_:BC MK"5*^.J-81U5=UQ:I@!)SRB8YG\1\XHGIK/L8/?>IHZDO&WCJ#1J_7 MKC8):GKFAK#5'S4ZHZ+.V=N+I'X'**BKV(Y"J J:[$@TT'-"".YT MN]4R*JL3)P07W0YFJCG?T=GP+<6\N_UNHS?JG^!5?TM4:@.5VIVBN=(34NLO MSSEU2'@SY(-6O]'JEY07JTE=95)WNX/&:%#4-ZQ@[/_9@/UJK/^[[RU SBV_ M.Z8;7K@6#E%9X+.R(X7X2^\&MJ&)(G 5=AG9)KL5*KCYU (1PE.O%4JX\4A M8R^XV1;ZL82>\I#_/*!\S(UC3JIG._KP8,39,9C MY?$;W?XADX+57>%("!XTAJ.B;PC?B#[]@E,[<> /CCU4-?G=4_9OU M@N_-M==K-0:]DEY9[@-(_<[\L%TZ>XUNKR3Q MKNC:_^?ZHQO!> MT^#D'^;3+=A#MV+BN1/;87OHF(_ RYLSU7YV$G%KV[QL#2:[I5" M0SRPT0:<^<*=")S/%CX*D8R#YMG2% J.YQOCI&D8O<<78+F-P:UJ438O> MB]'B>(:VE!C]_F$**V@ZH1F&OCV.Y#34[[>7!I^Z,_S-^-T#9?(/KZX56H>F M>[3BDG>=3K?1*QQB."S:BD8;:HXHDR/:W4YC-"J_?JS2@8D7":RN2\@_[NI MVT$;.HX:S4Y)CYGJ>&IUR=SHC[J-8:L.J1[J6!P! 9<>?'3RVFN&/JB5-NPT M>L-*LW--YU($UZ@S!,%54K*_TH+K)%H#'+."X<0.]@I0<](J&*,I=W$8_8?Y M!+Z$T>[]S<"DQ-'%]*F4^ISB , :MR^N=/9!"Z<-*2-&V2TQ7U"*[-XW7?#[ M:XOJ1%FRID^UZ7/2VETZV)7QK.N2F,V0'[)PN"9R18C\"H8*%Z]?4K50]N3> MT1;Z+OR[F>D+7O!F"BM]5&;-Z19 I4L!\!\1^5G"-^BT1F+(H;<5GYB@BV(X M[0-#7)>E3C^/ E16_&YJV:HUP!^^?T;9N:.!4FSK&B:@>N M-?P7K2:LLPN V;P7;*\%QDT4!J'IHAUC?# #>U(0E8O'*M*M*EZDD;.>A.!N1.\JN7.KSWEB,_-9'? )$/$M[; M.22W(:9'7[3#!Q46//$XWH_4X\/4V\,_SN_.C:D QH/UXX>(!(P=9UT,'W! MSPOQ*Y?>?&&Z2TG>;O^W8.7-(GWZT0P,,Y!/)2OS?'']B6<=)JQ?RKU\Z+"F M175"C/6K18G3;-U@K.B%5^>\'N]Y6:?H%,G#/BS[6TW*UT_*8T4Y#_)&\%'X M)',"$$+X@KIAN*)NF;S1C6N5U)GFF$*E)D]%R'/2@46L29FA 6HNR?7$EWD M*(B-!Q&$V.*HGIQ[4-YNES0@^[1$3TWBRI#XA.V<'WF#;-7@[WR1]))W.0Z/ M5UI!UT1^ T3.$&.EITNV9SNVM( T?==V[P.5;J&JD@O7NK(=[.%R8DF3_/-S M8R&]T@>2H E$2-F.<$;)D@G(\2@T51O(,:*(,AT6(\D0$HG&(LZ%P^?@:W/X M1A "YNIVCG5B9$LPOE_-8/P8__$)7"_J<+J:^:.#C>,;K4N^L6_\DB+E_F"L MCRF*\D,U5WAQ5%S/'7R\LGHS67WM8=1 M>0]CMV1S[8Z^26:IQT=63,^] DU9W15>'#6OSHBHD\;5/-@K0,W+.*9UTOCU MIR'KI/$I4:M.&N<-%M=IXQ/SOJJ>#*PYI>:4G5WT@\RC+-),97-/EHO)))I' MC@E?N0EGPL<^4KZ8"3>(1UU^ 5EZ8KU9UMNVI]NTT/[:T0T/STYAW_CP!(_L M70S_<2*+8\/48V7F.7 ?@J3=EB'^C.QPB2WLO6E&H_HK,1'S,>S1:=%O>RL- M[^NF+773EO553Z(9PWJW%"/^6[I?AE%0;MQ4FP(U.7-#V&TU6IWR'R]740GO@Z;+F>G>"RK28:%% M#8Y]\"0<[III6NCD8'G15).Z9!-X3_EVB&#^3E'XU:#^C7]O MNO9_R JZ]%Q2-/3#A6M]]T4 %A']>#/]9+NF.[%-YPY^(VBZS94=3!POB/QC M1?D+Q9'+#0Z'WB*'M]WN+IY^,Y((]B_(*L^$L4N,V+7.=P[1O1C,-[>?+[Y= M_[^+']7/Z[_>?WC^N-=CF/EN'5.F9F1C';] MN(&=(1?L;3Q]'(@^1 %(L" X)CS;IQQH$(XS<#8^,(RYLGW7H:_O:<[IZG25@X M61N^C_^F++'Q\6G"#C1L;(DI,))EC(7C/3;T6=T(%P%AN@;H!\3S/0ZI>#1] MZRRY/^D7D.&>!\!_L";C@PA$/=H 0@.HZ6_B>%4T(H(E(PL7<0!\%S4?PH4\O1#$V :?0?@! ML\B$-):VIBO"1\__"1P9+%TZ6W)<&QD55V?' I:S0_C=N7'C M&)JGMB,>D#J!H"W,*)P!@?X#@*D:S2FC1!L[8DR1#Y,2-5REVTQ^?)>^#!=X M4AZLE]R'

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end