XML 26 R16.htm IDEA: XBRL DOCUMENT

Convertible Note Payable	3 Months Ended
Mar. 31, 2018
Short-Term Bank Loans / Convertible Note Payable [Abstract]
CONVERTIBLE NOTE PAYABLE	NOTE 11 – CONVERTIBLE NOTE PAYABLE On October 9, 2017, the Company entered into a Note Purchase Agreement (the “NPA”) with Chong Ou Holdings Group Company Limited, a BVI company (the “Investor”) pursuant to which the Investor purchased a note for $670,000, bearing two percent (2%) interest per annum (the “Note”). The Note automatically converts into shares of common stock of the Company at a conversion price equal to $3.35 per share on January 8, 2018. The Company shall have the option, in its sole and absolute discretion, to repay the Outstanding Amount in full on or before the Conversion Date. On January 8, 2018, the Note was converted into 200,100 shares of common stock.

Convertible Note Payable

3 Months Ended

Mar. 31, 2018

Short-Term Bank Loans / Convertible Note Payable [Abstract]

NOTE 11 – CONVERTIBLE NOTE PAYABLE

On October 9, 2017, the Company entered into a Note Purchase Agreement (the “NPA”) with Chong Ou Holdings Group Company Limited, a BVI company (the “Investor”) pursuant to which the Investor purchased a note for $670,000, bearing two percent (2%) interest per annum (the “Note”). The Note automatically converts into shares of common stock of the Company at a conversion price equal to $3.35 per share on January 8, 2018. The Company shall have the option, in its sole and absolute discretion, to repay the Outstanding Amount in full on or before the Conversion Date. On January 8, 2018, the Note was converted into 200,100 shares of common stock.