Derivative Liability

3 Months Ended

Mar. 31, 2017

Derivative Liability [Abstract]

DERIVATIVE LIABILITY

NOTE 5 DERIVATIVE LIABILITY

As of December 31, 2016, the Company had one outstanding forward foreign exchange contract (sell EUR dollars for RMB), with total notional amount of EUR€0.65 million. The fair value of this contract at December 31, 2016 was not significant.