Dbub (DBUB) 10-Q 14 Aug 14 2014 Q2 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Jun. 30, 2014	Aug. 14, 2014
Document Information [Line Items]	'	'
Entity Registrant Name	'Yosen Group, Inc.	'
Entity Central Index Key	'0001076784	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'YOSN	'
Entity Common Stock, Shares Outstanding	'	25,692,356
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and equivalents	$1,742,504	$1,426,018
Accounts receivable, net	664,575	214,260
Inventories, net	2,044,747	1,490,415
Advances to suppliers	459,330	756,779
Prepaid expenses and other current assets	71,473	40,334
Total current assets	4,982,629	3,927,806
Property and equipment, net	38,357	41,575
Total assets	5,020,986	3,969,381
Current liabilities:	'	'
Short-term loans	2,436,964	2,618,487
Notes payable	1,380,946	1,391,071
Accounts payable	296,319	217,670
Accrued expenses and other payable	619,295	197,893
Advances from related party	81,001	0
Advance from stock subscription	368,000	0
Income tax payable	870,226	839,757
Total current liabilities	6,052,751	5,264,878
Long-term loan	487,393	490,966
Total liabilities	6,540,144	5,755,844
Commitments and contingencies	'	'
Stockholders' deficit:	'	'
Common stock, $0.001 par value, 50,000,000 shares authorized, 25,692,356 and 23,542,527 issued and outstanding as of June 30, 2014 and December 31, 2013	25,692	23,542
Additional paid-in capital	26,140,153	25,918,351
Subscription receivable	-50,000	-50,000
Statutory reserve	11,542,623	11,542,623
Other comprehensive income	7,914,999	7,903,271
Accumulated deficit	-47,092,625	-47,124,250
Total stockholders' deficit	-1,519,158	-1,786,463
Total liabilities and stockholders' deficit	$5,020,986	$3,969,381

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Jun. 30, 2014	Dec. 31, 2013
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	25,692,356	23,542,527
Common stock, shares outstanding	25,692,356	23,542,527

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Net sales	$3,053,135	$2,834,839	$7,316,160	$5,997,873
Cost of sales	2,762,071	2,663,198	6,695,838	5,686,765
Gross profit	291,064	171,641	620,322	311,108
Selling, general and administrative expenses	288,149	546,646	576,361	1,227,541
Income (loss) from continuing operations	2,915	-375,005	43,961	-916,433
Other (income) expense:	'	'	'	'
Interest income	-55	-121	-129	-5,009
Other income	-113,170	-23,055	-214,439	-36,218
Other expense	26,127	5,390	40,975	9,841
Total other income	-87,098	-17,786	-173,593	-31,386
Income (loss) from continuing operations before income taxes	90,013	-357,219	217,554	-885,047
Provision for income taxes	25,187	0	38,953	0
Net income (loss) from continuing operations	64,826	-357,219	178,601	-885,047
Net loss from discontinued operations, net of income taxes	-57,358	-57,000	-146,975	-168,649
Net income (loss)	7,468	-414,219	31,626	-1,053,696
Foreign currency translation adjustments	1,541	-408	11,727	23,211
Comprehensive income (loss)	$9,009	($414,627)	$43,353	($1,030,485)
Basic and diluted income (loss) per share:	'	'	'	'
Continuing operations (in dollars per share)	$0	($0.02)	$0.01	($0.05)
Discontinued operations (in dollars per share)	$0	$0	($0.01)	($0.01)
Net loss per share (in dollars per share)	$0	($0.02)	$0	($0.06)
Weighted average shares outstanding:	'	'	'	'
Basic and Diluted (in shares)	25,598,400	18,782,356	25,570,533	18,782,356

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income (loss)	$31,626	($1,053,696)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation	15,086	5,193
Stock based compensation	186,452	206,667
(Increase) decrease in assets:	'	'
Accounts receivable	-452,025	476,786
Inventories	-566,606	172,103
Prepaid expenses and other current assets	-31,579	161,742
Advance to suppliers	292,864	-1,590,403
Advance to related party	0	501,814
Increase (decrease) in current liabilities:	'	'
Accounts payable	79,958	-264,988
Accrued expenses and other payable	411,290	227,027
Advance from related party	81,205	733,291
Income tax payable	36,575	10,976
Net cash provided by (used in) operating activities	84,846	-413,488
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Advance from stock subscription	368,000	0
Repayment of short term loans	-162,874	0
Net cash provided by financing activities	205,126	0
Effect of exchange rate changes on cash and equivalents	26,514	38,233
Net decrease in cash	316,486	-375,255
Cash and equivalents, beginning of period	1,426,018	456,495
Cash and equivalents, end of period	1,742,504	81,240
Supplemental disclosure of cash flow information:	'	'
Interest paid	135,065	88,936
Income taxes paid	$0	$56,489

ORGANIZATION

ORGANIZATION	6 Months Ended
	Jun. 30, 2014
Organization [Abstract]	'
Organization [Text Block]	'
	Note 1 - ORGANIZATION
	Yosen Group, Inc. (the “Company” or “Yosen”) was incorporated on August 20, 1998 under the laws of the State of Nevada. Capital Future Developments Limited - BVI (“Capital”) was incorporated on July 22, 2004 under the laws of the British Virgin Islands (“BVI”). Zhejiang YongXin Digital Technology Company Limited (“Zhejiang”), Yiwu YongXin Communication Limited (“Yiwu”), Hangzhou Wang Da Electronics Company Limited (“Wang Da”), Hangzhou Sanhe Electronic Technology Limited (“Sanhe”), Shanghai Joy & Harmony Electronics Company Limited (“Joy & Harmony”), and Jinhua Baofa Logistic Ltd (“Jinhua”) were incorporated under the laws of Peoples Republic of China (“PRC”) on July 11, 2005, July 18, 1997, March, 30, 1998, April 12, 2004, August 20, 2003 and December 27, 2001, respectively. All dollar amounts are in thousands, unless otherwise indicated.
	On December 21, 2005, Capital became a wholly owned subsidiary of Yosen through a reverse merger (“Merger Transaction”). Yosen acquired all of the issued and outstanding capital stock of Capital pursuant to a Merger Agreement dated December 21, 2005 by and among Yosen, XY Acquisition Corporation, Capital and the shareholders of Capital (the “Merger Agreement”). Pursuant to the Merger Agreement, Capital became a wholly owned subsidiary of Yosen and, in exchange for the Capital shares, Yosen issued 7,000,000 shares of its common stock to the shareholders of Capital, representing 93% of the issued and outstanding capital stock of Yosen at that time and cash of $500.
	On August 3, 2006, Capital completed the acquisition of a 100% interest in Sanhe for a cash and stock transaction valued at $8,750. The consideration consisted of 183,150 newly issued shares of the Company’s common stock and $5,000 in cash.
	On November 28, 2006, Capital completed the acquisition of a 100% interest in Joy & Harmony for a cash and stock transaction valued at $18,500. The consideration consisted of 544,622 shares of the Company’s common stock and $7,500 in cash.
	On August 15, 2007, we executed a series of contractual agreements between Capital and Zhejiang. The contractual agreements give Capital and its equity owners an obligation, and having ability to absorb, any losses, and rights to receive returns; however, these contractual agreements did not change the equity ownership of Zhejiang. We did not dispose Capital’s actual equity ownership of Zhejiang when we executed the contractual agreements. Capital entered into share-holding entrustment agreements with five individuals - Zhenggang Wang, Yimin Zhang, Huiyi Lv, Xiaochun Wang and Zhongsheng Bao to hold 35%, 20%, 20%, 15% and 10%, respectively, of the equity interest of Zhejiang on behalf of Capital on November 21, 2005. The entrustment agreements confirm that Capital is the actual owner of Zhejiang. Capital enjoys the actual shareholder’s rights and has the right to obtain any benefits received by the nominal holders. Zhenggang Wang is the CEO and shareholder of Yosen. Yimin Zhang, Huiyi Lv, Xiaochun Wang and Zhongsheng Bao have no other relationship with Yosen. No consideration was given to these individuals who held the equity of Zhejiang on behalf of Capital.
	On July 6, 2009, Yosen and its subsidiary Zhejiang and Yiwu purchased 100% of Jinhua for RMB 120 million ($17,500) in cash.  Zhejiang acquired 90% and Yiwu acquired 10% of the equity interests in Jinhua.
	On January 6, 2014 the Company established Yosen Trading Inc. (“Yosen Trading”), its wholly owned US based subsidiary in New York. Yosen Trading is engaged primarily in international trade and wholesale business, primarily selling tile, kitchen cabinet, granite and marble products in the New York Market.
	ORGANIZATIONAL CHART
	Our corporate structure as of June 30, 2014 is as follows:
	* These entities ceased operation as of December 31, 2011.
	** These entities ceased operation as of December 31, 2012.
	*** This entity ceased operation as of June 30, 2014

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Basis of Presentation and Significant Accounting Policies [Text Block]	'
	Note 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The accompanying consolidated financial statements were prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”).  The Company’s subsidiaries – Wang Da, Yiwu, Joy & Harmony, Sanhe, Jinhua and Zhejiang’s functional currency is the Chinese Renminbi (“RMB”), however, the accompanying consolidated financial statements were translated and presented in United States Dollars (“$”, or “USD”). Yosen is the parent company incorporated on August 20, 1998 under the laws of the State of Nevada. The parent company does not have operations. Its main activities were incurring public company expenses. Yosen pays all its expenses in USD, its functional currency. Capital was incorporated on July 22, 2004 under the laws of the BVI. Capital is a holding company and does not have operations. As a result, we determined its functional currency is USD.
	Going Concern
	The accompanying consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company realized net loss of $3,626,688 and $15,866,999 for 2013 and 2012, respectively. The Company had accumulated deficit of $47,092,625 as of June 30, 2014. In addition, the Company’s cash position substantially deteriorated since 2010. There can be no assurance the Company will become profitable or that it will survive as a public company. These issues raise substantial doubt regarding the Company’s ability to continue as a going concern.
	Starting 2011, we closed most of our stores in stores locations and laid off most of our employees. We retained highly qualified personnel and a small number of stores with stable revenues. As a result, we significantly cut our operating expenses and our losses are decreasing over time. We are now concentrating on improving our product mix, upgrading the stores that are currently open and strengthening cooperation with China Telecom, China Unicom and other large state-owned operators to develop new businesses.
	Principles of Consolidation
	The consolidated financial statements include the accounts of Yosen and its wholly owned subsidiaries Capital, Wang Da, Yiwu, Sanhe, Jinhua, Yosen Trading and variable interest entity Zhejiang, collectively referred to as the Company. All material intercompany accounts, transactions and profits were eliminated in consolidation.
	Currency Translation
	The accounts of Zhejiang, Wang Da, Yiwu, Sanhe and Jinhua were maintained, and its financial statements were expressed in RMB. Such financial statements were translated into USD in accordance with FASB ASC Sub-topic 830-10, “Translation of Financial Statements,” with the RMB as the functional currency. According to FASB ASC Sub-topic 830-10, assets and liabilities were translated at the ending exchange rate, stockholders’ equity is translated at the historical rates and income statement items are translated at the average exchange rate for the year. The resulting translation adjustments are reported as other comprehensive income in accordance with FASB ASC Topic 220, “Comprehensive Income,” as a component of shareholders’ equity. Transaction gains and losses are reflected in the consolidated statements of operations and comprehensive loss.
	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 at 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.
	Risks and Uncertainties
	The Company is subject to risks from, among other things, intense competition associated with the industry in general, other risks associated with financing, liquidity requirements, rapidly changing customer requirements, limited operating history, foreign currency exchange rates and the volatility of public markets.
	Contingencies
	Certain conditions may exist as of the date the financial statements are issued, which could 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 unasserted claims that may result in such proceedings, the Company’s management evaluates the perceived merits of any legal proceedings or unasserted 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 is accrued in the Company’s 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.
	Accounts Receivable, net
	The Company maintains reserves 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 reserves. Terms of the sales vary. Reserves are recorded primarily on a specific identification basis. Allowance for doubtful accounts was $788,856 (unaudited) and $745,714 as of June 30, 2014 and December 31, 2013, respectively.
	Inventories, net
	Inventories are valued at the lower of cost (determined on a weighted average basis) or market.  Management compares the cost of inventories with the market value and allowance is made for writing down their inventories to market value, if lower. As of June 30, 2014 and December 31, 2013, inventory consisted entirely of finished goods.
	Advances to Suppliers
	Advances to suppliers represent advance payments to suppliers for the purchase of inventory.
	Property and Equipment, net
	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:
	Automotive	5 years
	Office Equipment	5 years
	As of June 30, 2014 and December 31, 2013, property and equipment consisted of the following:
			2014		2013
			(Unaudited)
	Automotive		$	62,793	$	63,254
	Office equipment			183,303		184,007
	Subtotal			246,096		247,261
	Less: accumulated depreciation			-207,739		-205,686
	Total		$	38,357	$	41,575
	Long-Lived Assets
	The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with FASB ASC 360 “Property, Plant and Equipment”, 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. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair market values are reduced for the cost of disposal. Based on its review, the Company believes that, as of June 30, 2014 (unaudited) and December 31, 2013, there were no significant impairments of its long-lived assets.
	Fair Value of Financial Instruments
	FASB ASC Topic 825, “Financial Instruments,” requires the Company disclose estimated fair values (“FVs”) of financial instruments. The carrying amounts reported in the statements of financial position for current assets and current liabilities qualifying as financial instruments are a reasonable estimate of FV.
	Revenue Recognition
	In accordance with FASB ASC Topic 605, “Revenue Recognition,” the Company recognizes revenues when there is persuasive evidence of an arrangement, product delivery and acceptance have occurred, the sales price is fixed and determinable, and collectability of the resulting receivable is reasonably assured.
	(a) Zhejiang
	Zhejiang records revenues when title and the risk of loss pass to the customer.  Generally, these conditions occur on the date the customer takes delivery of the product.  Revenue is generated from sales of Yosen products through two main revenue streams:
		1	Retail. 95.2%, 96.2% 97.6% and 98.1% of the Company's revenue came from sales to customers at outlets installed inside department stores (i.e., store in store model) during the three and six months ended June 30, 2014 and 2013, respectively and is mainly achieved through point of sale transfer of ownership. Under this method, the Company’s products are placed in third party stores and sold by the Company’s sales people. Upon purchase of the item by the customer, the Company relieves its inventory and recognizes revenue related to that item.
		2	Wholesale. 4.8%, 3.8%, 3.4% and 1.9% of the Company's revenue came from wholesale during three and six months ended June 30, 2014 and 2013, respectively. Recognition of income in wholesale is based on the contract terms. All wholesale payments were made at the point of sale. Upon purchase of the item by the customer, the Company relieves its inventory and recognizes revenue related to that item.
	Sales revenue is therefore recognized on the following basis:
		1	Store in store:
			Goods are sold at customer outlets which the Company’s sales people operate, and inventory of goods is under joint control by the outlets and the Company, revenue is recognized at the point of sale to the end buyer. Yosen has title and owns the inventory under joint control. Such joint controlled inventory is included in Yosen’s financial statements.
	During public holidays or department store celebration periods, we provide certain sales incentives to retail customers to increase sales, such as gift giving and price reductions. These are the only temporary incentives during the specified periods. Sales made to our retail customers as a result of incentives are immaterial as a percentage of total sales revenue.
		2	Wholesale:
	Revenue is recognized at the date of goods are received by wholesale customers. We operate our wholesale business by selling large volume orders to second-tier distributors. Revenues from wholesale are recognized at point of sale. Net sales already take into account revenue dilution as they exclude inventory credit, discount for early payment, product obsolescence and return of products and other allowances. Net sales also take into account the return of products in accordance with relevant laws and regulations in China. The Company is in the process of winding down its wholesale business. It will only focus on retail business in the future.
	Return policies
	Our return policy complies with China’s laws and regulations on consumer’s rights and product quality. In accordance with Chinese law, consumers can return or exchange used products within seven days only if the goods do not meet safety and health requirements, endanger a person’s property, or do not meet the advertised performance. If the conditions and requirements as set out in the relevant laws and regulations are met, the retail stores are entitled to accept a return of the goods from the consumer. In such cases, the Company shall accept the returns unconditionally. Goods returned will be redirected to the production factory or supplier who shall bear all losses on the returns in accordance the laws and regulations. Consumer returns or exchanges of products that have not been used, where the packaging has not been damaged, are honored if such return or exchange is within seven days. If a consumer returns a product, the Company must refund the invoice price to the consumer. The Company will then be responsible for returning the goods to the production factory or supplier. At that time the Company can recover the price based on the purchase and sale contract with the producer or supplier. However, when goods are returned, the Company loses the profit margin that it records when revenue is recognized, regardless of whether the production factory or supplier takes the product back or not.
	The return rights granted to wholesale customers are similar to the rights granted to retail customers. Once wholesale customers purchase the products, they follow the same return policy as retail customers. We do not honor any return from wholesale customers other than if the products don’t meet laws and regulations or quality requirements. If the wholesale customers have a high inventory level or product obsolescence caused by lower market demands or other operational issues, the wholesale customers bear their own losses. When a wholesale customer returns products, the Company will return the products to the suppliers or manufacturers. A sales return and allowance is recorded at the sales price. Meanwhile, a purchase return and allowance entry is recorded at the invoice price because the suppliers or manufacturers bear the losses. The net effect is that the Company derecognizes the gross profit when a return takes place, but does not record any loss on the cost of the returned item back to the supplier or manufacturer.
	In light of the aforesaid PRC laws and regulations and the Company's arrangements with suppliers, we do not provide an accrual for any estimated losses on subsequent sale of the return of products.  As a result we do not engage in assessing levels of inventory in the distribution channel, product obsolescence and/or introductions of new products, as none of those factors have any impact on us with respect to estimating losses on subsequent sale of returned goods.  Goods return policy strictly complies with the laws and regulations in China on consumer rights and product quality requirements. If the conditions and requirements as set out in the relevant laws and regulations are met, customers are able to return the goods unconditionally. In such cases, the Company shall accept the returns unconditionally. Goods returned will be redirected back to the manufacturers or suppliers who shall meet all losses on returns in accordance the laws and regulations. The Company will only be responsible for assisting the process of execution of goods return. The Company shall not bear any loss from goods returned. As a result, we do not provide any accrual on subsequent return of goods sold.
	Unlike the US retail market, sellers do not accept returns caused by any change in the sales market or change in customers’ preferences in China. Therefore, the Company generally does not honor any return except for a product defect. As such, situations relating to return of goods from overstock in distribution channels, product obsolescence and over-budgeted goods from launching of new products will not exist.
	The reported sales do not include estimate of returns due to defects for the period presented because we do not offer customers the right to return in China. We do not allow the customers to return the products for cash refunds, credit, or exchange for other products through general rights of return. If the products are defective, manufacturers are directly responsible for the defects. Yosen Group, as a distributor, only assists customers in returning the defective products to manufacturers. The manufacturers send replacement products to customers directly.
	(b) Yosen Trading
	Yosen Trading records revenue when merchandise is delivered to the customers.  During the three and six months ended June 30, 2014, Yosen trading had 28.3% and 23.7% of revenue from retail and 71.7% and 76.3% from wholesale.
	Cost of Sales
	Cost of sales (“COS”) consists of actual product cost, which is the purchase price of the product less any discounts.  COS excludes freight charges, purchase and delivery costs, internal transfer, freight charges and the other costs of the Company’s distribution network, which are identified in general and administrative expenses.
	General and Administrative Expenses
General and administrative (“G&A”) expenses are comprised principally of payroll and benefits costs for retail and corporate employees, occupancy costs of corporate facilities, lease expenses, management fees, traveling expenses and other operating and administrative expenses, including freight charges, purchase and delivery costs, internal transfer freight charges and other distribution costs.
Shipping and Handling Fees
The Company follows FASB ASC Sub-topic 605-45, “Handling Costs, Shipping Costs.”  The Company does not charge its customers for shipping and handling. The Company classifies shipping and handling fees as part of general and administrative expenses which were $349, $1,259, $543 and $5,611 for the three and six months ended June 30, 2014 and 2013, respectively.
Vendor Discounts
The Company has negotiated preferred pricing arrangements with certain vendors on certain products. These arrangements are not contingent on any levels of volume and are considered vendor discounts as opposed to rebates. The Company records these discounts along with the purchase of the discounted items, resulting in lower inventory cost and a corresponding lower COS as the products are sold.
Management Fees Paid to the Department Stores Under “Store in Store” Model
Under the “store in store” business operation model, the Company may pay management fees to the department stores, which are in the form of service charges. The management fees are reflected in general and administrative expenses. Such management fees were $18,956 and $26,291, $25,802 and $44,042 in general and administrative expenses for the three and six months ended June 30, 2014 and 2013, respectively.
Share Based Payment
The Company follows FASB ASC Sub-topic 718-10, “Compensation-Stock Compensation,” which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions. FASB ASC Sub-topic 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date FV of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized.
Advertising
Advertising expenses consist primarily of costs of promotion for corporate image and product marketing and costs of direct advertising. The Company expenses all advertising costs as incurred. Advertising expense was $0 and $7,148, respectively for three and six months ended June 30, 2013. There was no advertising expense for the three and six months ended June 30, 2014.
Income Taxes
The Company utilizes FASB ASC Topic 740, “Income Taxes.” ASC Topic 740 requires a company to use the asset and liability method of accounting for income taxes, whereby 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.
Under FASB Sub-topic ASC 740-10-25, evaluation of a tax position is a two-step process. The first step is to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigation based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements.
Basic and Diluted Earnings (Loss) per Share
Loss per share is calculated in accordance with FASB ASC Topic 260, “Earnings per Share.” Basic earnings (loss) per share is based upon the weighted average number of common shares outstanding. Diluted earnings (losses) per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. If convertible shares and stock options are anti-dilutive, the impact of conversion is not included in the diluted net income (loss) per share. Excluded from the calculation of diluted earnings (loss) per share for the three months ended June 30, 2014 and 2013 were 10,000 options, as they were not dilutive.
Statement of Cash Flows
In accordance with FASB ASC Topic 230, “Statement of Cash Flows,” cash flows from the Company’s operations are calculated based upon the functional currency, in our case the RMB. As a result, amounts related to changes in assets and liabilities reported on the statement of cash flows will not necessarily agree with the changes in the corresponding balances on the balance sheet.
Concentration of Credit Risk
Financial instruments that potentially subject the Company to concentrations of credit risk are cash, accounts receivable, advances to suppliers and other receivables arising from its normal business activities. The Company places its cash in what it believes to be credit-worthy financial institutions. The Company has a diversified customer base. The Company controls credit risk related to accounts receivable through credit approvals, credit limits and monitoring procedures. The Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited.
Segment Reporting
FASB ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. The Company operated in one segment (i.e., mobile phones) in 2013 through Wang Da and Zhejiang. On January 6, 2014 the Company established Yosen Trading which is engaged in international trade and wholesale business. As a result, starting in 2014, the Company operated in two segments: mobile phones and international trade (see Note 15).
Recent Accounting Pronouncements
In July 2012, FASB issued ASU No. 2012-02, Intangibles—Goodwill and Other (Topic 350), “Testing Indefinite-Lived Intangible Assets for Impairment.” ASU 2012-02 simplifies the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. ASU 2012-02 allows an entity the option of first performing a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. The adoption of ASU 2012-02 did not have a material impact on the Company’s consolidated financial statements.
The FASB has issued ASU No. 2013-04, Liabilities (Topic 405), “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date .” ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this ASU is fixed at the reporting date, except for obligations addressed within existing guidance in US GAAP. The guidance requires an entity to measure those obligations as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of ASU 2013-04 did not have a material impact on the Company’s consolidated financial statements.
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): “Presentation of Unrecognized Tax Benefit When a Net Operating Loss Carryforward, A Similar Tax Loss, or a Tax Credit Carryforward Exists (A Consensus the FASB Emerging Issues Task Force)”. ASU 2013-11 provides guidance on financial statement presentation of unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The FASB’s objective in issuing this ASU is to eliminate diversity in practice resulting from a lack of guidance on this topic in current US GAAP. This ASU applies to all entities with unrecognized tax benefits that also have tax loss or tax credit carryforwards in the same tax jurisdiction as of the reporting date. This amendment is effective for public entities for fiscal years beginning after December 15, 2013 and interim periods within those years. The adoption of ASU 2013-11 did not have a material impact on the Company’s consolidated financial statements.
Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the Securities Exchange Commission (the “SEC”) did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

SHORTTERM_LOANS

SHORT-TERM LOANS	6 Months Ended
	Jun. 30, 2014
Short-term Debt [Abstract]	'
Short-term Debt [Text Block]	'
	Note 3 – SHORT-TERM LOANS
	As of June 30, 2014 and December 31, 2013, short-term loans consisted of the following:
		2014		2013
		(Unaudited)
	Bank loan from Bank of Chouzhou, dated July 16, 2013, due on July 15, 2014, with an annual interest rate of 6.6% payable monthly, personally guaranteed by the CEO*	$	812,321	$	818,277
	Bank loan from Bank of Chouzhou, dated July 17, 2013, due on July 16, 2014, with an annual interest rate of 6.6% payable monthly, personally guaranteed by the CEO**		1,624,623		1,636,554
	Bank loan from Bank of Hangzhou, dated September 24, 2013, due on March 21, 2014, with an annual interest rate of 12.0% payable monthly		-		163,656
		$	2,436,964	$	2,618,487
	*Bank loan of $812,321 was renewed on July 16, 2014. The new loan is due on July 15, 2015, with an annual interest rate of 6.9% payable monthly, personally guaranteed by the CEO.
	**Bank loan of $1,634,623 was repaid without renewal. The repayment was financed by a promissory note of $1,624,623 issued by Bank of Chouzhou, dated July 16, 2014, due on January 16, 2014, bearing zero interest.

NOTES_PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	Note 4 - NOTES PAYABLE
	The company issued two promissory notes for $736,448 and $654,623 to Bank of Chouzhou, on July 17, 2013 and July 18, 2013, respectively, for inventory purchase. The notes bear zero interest and matured on January 17, 2014. The promissory notes were renewed in 2014 and the new terms are as follows as of June 30, 2014 and December 31, 2013:
		2014		2013
		(Unaudited)
	Promissory note issued by Bank of Chouzhou, dated February 13, 2014, due on August 13, 2014, bearing zero interest	$	324,929	$	-
	Promissory note issued by Bank of Chouzhou, dated July 17, 2013, due on January 17, 2014, bearing zero interest		-		736,448
	Promissory note issued by Bank of Chouzhou, dated February 16, 2014, due on August 15, 2014, bearing zero interest		389,914		-
	Promissory note issued by Bank of Chouzhou, dated July 18, 2013, due on January 17, 2014, bearing zero interest		-		654,623
	Promissory note issued by Bank of Chouzhou, dated February 17, 2014, due on August 15, 2014, bearing zero interest		666,103		-
		$	1,380,946	$	1,391,071

ACCRUED_EXPENSES_AND_OTHER_PAY

ACCRUED EXPENSES AND OTHER PAYABLE	6 Months Ended
	Jun. 30, 2014
Accounts Payable and Accrued Liabilities [Abstract]	'
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	'
	Note 5 – ACCRUED EXPENSES AND OTHER PAYABLE
	As of June 30, 2014 and December 31, 2013, accrued expenses and other payable consisted of the following:
		2014		2013
		(Unaudited)
	Accrued expenses	$	247,076	$	197,893
	Other payable		372,219		-
		$	619,295	$	197,893
	Accrued expenses primarily represent accruals for general and administrative expenses. Other payable is a loan from an unrelated party which is likely to convert to equity in the future. It is currently presented as a current liability on the accompanying consolidated balance sheets.

ADVANCES_FROM_RELATED_PARTY

ADVANCES FROM RELATED PARTY	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	Note 6 – ADVANCES FROM RELATED PARTY
	Advances from related party represent cash advanced from the CEO for working capital purposes. These advances do not have formal repayment terms or arrangements.

ADVANCE_FROM_STOCK_SUBSCRIPTIO

ADVANCE FROM STOCK SUBSCRIPTION	6 Months Ended
	Jun. 30, 2014
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]	'
ADVANCE FROM STOCK SUBSCRIPTION [Text Block]	'
	Note 7 – ADVANCE FROM STOCK SUBSCRIPTION
	Advance from stock subscription represents funds received from a potential equity investor. This advance is personally secured by a number of Company shares held by the Company's CEO. Currently, there is no agreement in writing and this advance is treated as a loan on the accompanying consolidated balance sheets. Per a verbal agreement, if the Company becomes profitable in the current year, the investor will convert this loan to equity and the Company will issue shares to him. The number of shares and the share price are not yet determined. If on the other hand the Company incurs losses during the current year, the CEO will transfer his shares currently held as security, to the investor and treat such transfer of shares as a gift to the Company.

LONGTERM_LOAN

LONG-TERM LOAN	6 Months Ended
	Jun. 30, 2014
Long-term Investments [Abstract]	'
Long-term Debt [Text Block]	'
	Note 8 – LONG-TERM LOAN
	As of June 30, 2014 and December 31, 2013, long-term loan consisted of the following:
		2014		2013
		(Unaudited)
	Bank loan from Bank of Hangzhou, dated July 11, 2013, due on July 8, 2016, with an annual interest rate of 7.38% payable monthly	$	487,393	$	490,966
		$	487,393	$	490,966

COMMON_STOCK

COMMON STOCK	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Stockholders Equity Note Disclosure [Text Block]	'
	Note 9 - COMMON STOCK
	On August 23, 2013, the Company consummated the sale of 2,000,000 Units to two investors with each Unit consisting of: (i) one share of common stock, $0.001 par value per share (the "Common Stock"), of the Company and (ii) a three-year warrant (“Warrant”) to purchase one share of Common Stock of the Company at an exercise price of US$0.25 per share, for an aggregate total purchase price of $500,000. Pursuant to the agreement, 2,000,000 shares of Common Stock and 2,000,000 Warrant were issued in 2013. The Common Stock was valued at $320,000 using the market price of $0.16 per share at the grant date. The Warrant was valued using Black-Scholes option pricing model at the grant date with a FV of $320,000, see Note 6 for the assumptions used in valuing the Warrant. The FV of Warrant was credited to the additional paid in capital as these are equity instruments. On May 28, 2014, warrants to purchase 150,000 shares of common stock were exercised. As a result, 150,000 shares of common stock were issued accordingly.
	On December 30, 2013, the Company issued 2,760,000 shares of common stock, under the 2012 Plan to two consultants. The common stock was valued at grant date with a FV of $828,000, which was recognized as stock based compensation expensed in 2013.

STOCK_WARRANTS_OPTIONS_AND_COM

STOCK WARRANTS, OPTIONS, AND COMPENSATION

6 Months Ended

Jun. 30, 2014

Stockholders' Equity Note [Abstract]

'

Shareholders' Equity and Share-based Payments [Text Block]

'

Note 10 - STOCK WARRANTS, OPTIONS, AND COMPENSATION

Stock options - Options issued have a ten-year life and were fully vested upon issuance. The option holder has no voting or dividend rights. The grant price was the market price at the date of grant. The Company records the expense of the stock options over the related vesting period. The options were valued using the Black-Scholes option-pricing model at the date of grant stock option pricing.

Outstanding options and warrants by exercise price consisted of the following as of June 30, 2014:

Outstanding

Exercisable

Exercise Price

Number of

Weighted

Weighted

Number

Weighted

Shares

Average

Average

of Shares

Average

Remaining

Exercise Price

Exercise

Life (Years)

Price

Options:

$

20.8

10,000

-1

2.5

$

20.8

10,000

$

20.8

Warrants:

$

0.25

1,850,000

-2

2.15

$

0.25

1,850,000

$

0.25

(1) During the three months ended 2014 and 2013, the Company did not issue any stock options. The 10,000 stock options outstanding as of June 30, 2014 were issued in 2007 to our former director Mr. Kenneth Berents, have a 10 year term and vested immediately upon issuance.

(2) In August 2013, the Company issued stock warrants to purchase 2,000,000 shares of common stock at an exercise price of $0.25 in conjunction with the common stock offering. The stock warrants expire on August 23, 2016. On May 28, 2014, warrants to purchase 150,000 shares of common stock were exercised.

INCOME_TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	Note 11 - INCOME TAXES
	The US entities, Yosen Group and Yosen Trading, will file consolidated tax returns. The consolidated US entities are subject to the US federal income tax rate of 34%. Yosen Group does not conduct any operations and only incurs public company expenses, such as legal fees, accounting fees, investor relations expenses and filing fees. Yosen Trading conducts international trade and wholesale business. Prior to establishing Yosen Trading in January 2014, we determined it is more likely than not that all of Yosen Group’s deferred tax assets, arising from net operating losses, will not be realized. As a result, $556,942 of deferred tax assets and valuation allowance was recorded in 2013. Starting in January 2014, Yosen Group’s deferred tax assets will be carried forward and realized in future years.
	The PRC subsidiaries, Sanhe, Wang Da, Yiwu and Zhejiang are subject to the PRC income tax at a rate of 25%. Jinhua is subject to PRC income tax using simplified tax system. In 2013, the PRC operating subsidiaries incurred a net operating loss of $1,988,624. Management believes these subsidiaries will continue to incur losses in the near future due to high market competition, slowing market demand, and rising labor and fuel costs. We believe it is more likely than not that the subsidiaries will not be able to benefit from the deferred tax assets in association with the operating losses. As a result, $450,971 of deferred tax assets and valuation allowance was recorded in 2013 for the PRC subsidiaries.
	The components of deferred tax assets and liabilities as of June 30, 2014 (unaudited) and December 31, 2013 were as follows:
		2014			2013
		(Unaudited)
	Deferred tax assets:
	U.S. net operating losses	$	-		$	556,942
	PRC net operating losses		36,763			450,971
	Total deferred tax assets		36,763			1,007,913
	Less valuation allowance		-36,763			-1,007,913
		$	-		$	-
	Reconciliation of the differences between the statutory US Federal income tax rate and the effective rate for the three months ended June 30, 2014 and 2013 is as follows:
		2014				2013
	Tax (Credit) at US Statutory Rate		34	%			-34	%
	Tax rate difference		-2.5	%			4.2	%
	State, net of federal		34.7	%			-	%
	Valuation allowance		43.9	%			29.8	%
	Utilization of NOL		-50.9	%			-	%
	Other		17.9	%			-	%
	Effective rate		77.1	%			-	%
	Reconciliation of the differences between the statutory US Federal income tax rate and the effective rate for the six months ended June 30, 2014 and 2013 is as follows:
		2014				2013
	Tax (Credit) at US Statutory Rate		34	%			-34	%
	Tax rate difference		-7.3	%			4.7	%
	State, net of federal		32.3	%			-	%
	Valuation allowance		52	%			29.3	%
	Utilization of NOL		-72.4	%			-	%
	Other		16.6	%			-	%
	Effective rate		55.2	%			-	%

COMMITMENTS

COMMITMENTS	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments Disclosure [Text Block]	'
	Note 12 - COMMITMENTS
	The Company leases office facilities under operating leases that terminate through 2014. Rent expense for the three and six months ended June 30, 2014 was zero. Rent expense for the three and six months ended June 30, 2013 was $60,050. The future minimum obligation under these agreements is $26,807 as of June 30, 2014.

STATUTORY_RESERVE

STATUTORY RESERVE	6 Months Ended
	Jun. 30, 2014
Statutory Reserve Disclosure [Abstract]	'
Statutory Reserve Disclosure [Text Block]	'
	Note 13 - STATUTORY RESERVE
	In accordance with the laws and regulations of the PRC, a wholly-owned Foreign Invested Enterprise’s income, after the payment of the PRC income taxes, shall be allocated to the statutory surplus reserves and statutory public welfare fund. Prior to January 1, 2006, the proportion of allocation for reserve was 10% of the profit after tax to the surplus reserve fund and additional 5-10% to the public affair fund. The public welfare fund reserve was limited to 50% of the registered capital. Effective January 1, 2006, there is now only one fund requirement. The reserve is 10% of income after tax, not to exceed 50% of registered capital.
	Statutory reserve funds are restricted to offset against losses, expansion of production and operation or increase in register capital of the respective company. Statutory public welfare fund is restricted to the capital expenditures for the collective welfare of employees. These reserves are not transferable to the Company in the form of cash dividends, loans or advances. These reserves are therefore not available for distribution except in liquidation. As of June 30, 2014, the Company had allocated $11,542,623 to these non-distributable reserve funds.

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	'
	Note 14 – DISCONTINUED OPERATIONS
	In 2011, Sanhe closed all its 210 stores in stores, Joy & Harmony closed all its 196 stores in stores, and Letong closed its direct retail and franchise operation. All three entities ceased operation as of December 31, 2011. In 2012, Yiwu closed all its 178 stores in stores, and Jinhua ceased its logistics operation. In the second quarter 2014, Wang Da closed all its stores in stores. As such, all with the exception of Joy & Harmony which dissolved in 2013, met the conditions to be reported as discontinued operations in the financial statements, and accordingly, the results of operations have been reclassified for all periods to conform to the current period's presentation.
	The following table summarizes the assets and liabilities of the discontinued operations as of June 30, 2014 (unaudited) and December 31, 2013 included in the Consolidated Balance Sheets:
		2014		2013
	Cash		1,388,899		1,398,576
	Inventories		129,139		44,717
	Prepaid expenses and other assets		21,486		-
	Advance to suppliers		821		51,952
	Advance to related parties		127,481		-
	Property, plant and equipment		25,674		26,328
	Total assets		1,693,500		1,521,573
	Short-term loans		2,436,964		2,454,831
	Notes payable		1,380,946		1,391,071
	Income tax payable		853,177		808,460
	Accounts payable		-		19,263
	Other payable		20,660		157,580
	Total liabilities		4,691,747		4,831,205
	Net assets	$	-2,998,247	$	-3,309,632
	The following table summarizes the operating results of the discontinued operations for the three and six months ended June 30, 2014 and 2013 included in the Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited):
		Three Months Ended June 30,
		2014		2013
	Sales, net	$	86,582	$	277,820
	Cost of sales		85,427		275,997
	Gross profit		1,155		1,823
	General and administrative expenses		17,531		34,074
	Loss from discontinued operations		-16,376		-32,251
	Other expense		-40,982		-24,749
	Loss before income taxes		-57,358		-57,000
	Provision for income taxes		-		-
	Net loss from discontinued operations, net of income tax	$	-57,358	$	-57,000
		Six Months Ended June 30,
		2014		2013
	Sales, net	$	343,100	$	748,740
	Cost of sales		336,623		741,381
	Gross profit		6,477		7,359
	General and administrative expenses		43,065		99,202
	Loss from discontinued operations		-36,588		-91,843
	Other expense		-110,387		-76,806
	Loss before income taxes		-146,975		-168,649
	Provision for income taxes		-		-
	Net loss from discontinued operations, net of income tax	$	-146,975	$	-168,649

OTHER_COMPREHENSIVE_INCOME

OTHER COMPREHENSIVE INCOME	6 Months Ended
	Jun. 30, 2014
Foreign Currency [Abstract]	'
Foreign Currency Disclosure [Text Block]	'
	Note 15 - OTHER COMPREHENSIVE INCOME
	Other comprehensive income as included in stockholders’ deficit for the three months ended June 30, 2014 and 2013, represents foreign currency translation adjustment.

CURRENT_VULNERABILITY_DUE_TO_C

CURRENT VULNERABILITY DUE TO CERTAIN RISK FACTORS	6 Months Ended
	Jun. 30, 2014
Current Vulnerability Due To Certain Risk Factors [Abstract]	'
Current Vulnerability Due To Certain Risk Factors [Text Block]	'
	Note 16 - CURRENT VULNERABILITY DUE TO CERTAIN RISK FACTORS
	The Company’s operations are in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC, by the general state of the PRC’s economy. The Company’s business may be influenced by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.

MAJOR_CUSTOMERS_VENDORS_AND_CR

MAJOR CUSTOMERS, VENDORS AND CREDIT RISK	6 Months Ended
	Jun. 30, 2014
Major Customers and Credit Risk [Abstract]	'
Major Customers and Credit Risk [Text Block]	'
	Note 17 - MAJOR CUSTOMERS, VENDORS AND CREDIT RISK
	During the three months ended June 30, 2013, four customers accounted for more than 10% of the Company’s sales, which represented 25.0%, 16.3%, 11.2% and 10.2%, respectively of the Company’s sales. During the six months ended June 30, 2013, two customers accounted for more than 10% of the Company’s sales, which represented 28.5% and 14.7%, respectively of the Company’s sales. As of June 30, 2013, three customers comprised more than 10% of the Company’s accounts receivable, which represented 29.0%, 26.9% and 15.5%, respectively. One vendor comprised more than 10% of the Company’s accounts payable, which represented 11.5% of the Company’s accounts payable.
	During the three months ended June 30, 2014, four customers accounted for more than 10% of the Company’s sales, representing 17.2%, 13.7%, 12.9% and 12.0%, respectively of the Company’s sales. During the six months ended June 30, 2014, four customers accounted for more than 10% of the Company’s sales, representing 24.4%, 14.6%, 12.7% and 12.4%, respectively of the Company’s sales. As of June 30, 2014, one customer comprised more than 10% of the Company’s accounts receivable, representing 14.3%. Two vendors comprised more than 10% of the Company’s accounts payable, representing 17.4% and 10.8% of the Company’s accounts payable.

SEGMENT_INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	Note 18 - SEGMENT INFORMATION
	In 2013, we only had one segment – mobile phones operated by Zhejiang. Zhejiang focuses on distributing Samsung and Apple brand products. Zhejiang’s operation was reported in “Mobile Phones” segment in 2013, as disclosed in the Consolidated Statements of Operations and Comprehensive Loss.
	In January 2014, we established Yosen Trading which focuses on international trade and wholesale business. As a result, we have two reportable segments - mobile phones and international trade, disclosed as required by FASB ASC Topic 280, “Segment Reporting.”
	The following table presents summarized information by segment:
		Three Months Ended June 30, 2014 (Unaudited)
		Mobile		International
		Phones		Trade		Other		Total
	Sales, net	$	2,464,488	$	588,647	$	-	$	3,053,135
	Cost of sales		2,288,824		473,247		-		2,762,071
	Gross profit (loss)		175,664		115,400		-		291,064
	Selling, general and administrative expenses		-196,605		-3,220		-88,324		-288,149
	Income (loss) from continuing operations		-20,941		112,180		-88,324		2,915
	Other Income (expenses)		87,390		-292		-		87,098
	Provision for income taxes		-		-17,175		-8,012		-25,187
	Net income from continuing operations		66,449		94,713		-96,336		64,826
	Net loss from discontinued operations		-		-		-57,358		-57,358
	Net income	$	66,449	$	94,713	$	-153,694	$	7,468
		Six Months Ended June 30, 2014 (Unaudited)
		Mobile		International
		Phones		Trade		Other		Total
	Sales, net	$	6,119,537	$	1,196,623	$	-	$	7,316,160
	Cost of sales		5,728,145		967,693		-		6,695,838
	Gross profit (loss)		391,392		228,930		-		620,322
	Selling, general and administrative expenses		-360,886		-3,361		-212,114		-576,361
	Income from continuing operations		30,506		225,569		-212,114		43,961
	Other Income (expense)		174,162		-350		-219		173,593
	Provision for income taxes		-		-34,571		-4,382		-38,953
	Net income from continuing operations		204,668		190,648		-216,715		178,601
	Net loss from discontinued operations		-		-		-146,975		-146,975
	Net income	$	204,668	$	190,648	$	-363,690	$	31,626
		June 30,		December 31,
	Total Assets	2014		2013
		(Unaudited)
	Mobile Phones	$	2,658,538	$	2,064,892
	International Trade		567,185		-
	Other		1,795,263		1,904,489
		$	5,020,986	$	3,969,381

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation
	The accompanying consolidated financial statements were prepared in conformity with accounting principles generally accepted in the United States of America (“US GAAP”).  The Company’s subsidiaries – Wang Da, Yiwu, Joy & Harmony, Sanhe, Jinhua and Zhejiang’s functional currency is the Chinese Renminbi (“RMB”), however, the accompanying consolidated financial statements were translated and presented in United States Dollars (“$”, or “USD”). Yosen is the parent company incorporated on August 20, 1998 under the laws of the State of Nevada. The parent company does not have operations. Its main activities were incurring public company expenses. Yosen pays all its expenses in USD, its functional currency. Capital was incorporated on July 22, 2004 under the laws of the BVI. Capital is a holding company and does not have operations. As a result, we determined its functional currency is USD.
Going Concern Policy [Policy Text Block]	'
	Going Concern
	The accompanying consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company realized net loss of $3,626,688 and $15,866,999 for 2013 and 2012, respectively. The Company had accumulated deficit of $47,092,625 as of June 30, 2014. In addition, the Company’s cash position substantially deteriorated since 2010. There can be no assurance the Company will become profitable or that it will survive as a public company. These issues raise substantial doubt regarding the Company’s ability to continue as a going concern.
	Starting 2011, we closed most of our stores in stores locations and laid off most of our employees. We retained highly qualified personnel and a small number of stores with stable revenues. As a result, we significantly cut our operating expenses and our losses are decreasing over time. We are now concentrating on improving our product mix, upgrading the stores that are currently open and strengthening cooperation with China Telecom, China Unicom and other large state-owned operators to develop new businesses.
Consolidation, Policy [Policy Text Block]	'
	Principles of Consolidation
	The consolidated financial statements include the accounts of Yosen and its wholly owned subsidiaries Capital, Wang Da, Yiwu, Sanhe, Jinhua, Yosen Trading and variable interest entity Zhejiang, collectively referred to as the Company. All material intercompany accounts, transactions and profits were eliminated in consolidation.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	'
	Currency Translation
	The accounts of Zhejiang, Wang Da, Yiwu, Sanhe and Jinhua were maintained, and its financial statements were expressed in RMB. Such financial statements were translated into USD in accordance with FASB ASC Sub-topic 830-10, “Translation of Financial Statements,” with the RMB as the functional currency. According to FASB ASC Sub-topic 830-10, assets and liabilities were translated at the ending exchange rate, stockholders’ equity is translated at the historical rates and income statement items are translated at the average exchange rate for the year. The resulting translation adjustments are reported as other comprehensive income in accordance with FASB ASC Topic 220, “Comprehensive Income,” as a component of shareholders’ equity. Transaction gains and losses are reflected in the consolidated statements of operations and comprehensive loss.
Use of Estimates, Policy [Policy Text Block]	'
	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 at 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.
Risks and Uncertainties, Policy [Policy Text Block]	'
	Risks and Uncertainties
	The Company is subject to risks from, among other things, intense competition associated with the industry in general, other risks associated with financing, liquidity requirements, rapidly changing customer requirements, limited operating history, foreign currency exchange rates and the volatility of public markets.
Contingencies, Policy [Policy Text Block]	'
	Contingencies
	Certain conditions may exist as of the date the financial statements are issued, which could 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 unasserted claims that may result in such proceedings, the Company’s management evaluates the perceived merits of any legal proceedings or unasserted 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 is accrued in the Company’s 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.
Trade and Other Accounts Receivable, Policy [Policy Text Block]	'
	Accounts Receivable, net
	The Company maintains reserves 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 reserves. Terms of the sales vary. Reserves are recorded primarily on a specific identification basis. Allowance for doubtful accounts was $788,856 (unaudited) and $745,714 as of June 30, 2014 and December 31, 2013, respectively.
Inventory, Policy [Policy Text Block]	'
	Inventories, net
	Inventories are valued at the lower of cost (determined on a weighted average basis) or market.  Management compares the cost of inventories with the market value and allowance is made for writing down their inventories to market value, if lower. As of June 30, 2014 and December 31, 2013, inventory consisted entirely of finished goods.
Advances to Suppliers Policy [Policy Text Block]	'
	Advances to Suppliers
	Advances to suppliers represent advance payments to suppliers for the purchase of inventory.
Property, Plant and Equipment, Policy [Policy Text Block]	'
	Property and Equipment, net
	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:
	Automotive	5 years
	Office Equipment	5 years
	As of June 30, 2014 and December 31, 2013, property and equipment consisted of the following:
			2014		2013
			(Unaudited)
	Automotive		$	62,793	$	63,254
	Office equipment			183,303		184,007
	Subtotal			246,096		247,261
	Less: accumulated depreciation			-207,739		-205,686
	Total		$	38,357	$	41,575
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	'
	Long-Lived Assets
	The Company periodically evaluates the carrying value of long-lived assets to be held and used in accordance with FASB ASC 360 “Property, Plant and Equipment”, 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. Losses on long-lived assets to be disposed of are determined in a similar manner, except that fair market values are reduced for the cost of disposal. Based on its review, the Company believes that, as of June 30, 2014 (unaudited) and December 31, 2013, there were no significant impairments of its long-lived assets.
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	Fair Value of Financial Instruments
	FASB ASC Topic 825, “Financial Instruments,” requires the Company disclose estimated fair values (“FVs”) of financial instruments. The carrying amounts reported in the statements of financial position for current assets and current liabilities qualifying as financial instruments are a reasonable estimate of FV.
Revenue Recognition, Policy [Policy Text Block]	'
	Revenue Recognition
	In accordance with FASB ASC Topic 605, “Revenue Recognition,” the Company recognizes revenues when there is persuasive evidence of an arrangement, product delivery and acceptance have occurred, the sales price is fixed and determinable, and collectability of the resulting receivable is reasonably assured.
	(a) Zhejiang
	Zhejiang records revenues when title and the risk of loss pass to the customer.  Generally, these conditions occur on the date the customer takes delivery of the product.  Revenue is generated from sales of Yosen products through two main revenue streams:
		1	Retail. 95.2%, 96.2% 97.6% and 98.1% of the Company's revenue came from sales to customers at outlets installed inside department stores (i.e., store in store model) during the three and six months ended June 30, 2014 and 2013, respectively and is mainly achieved through point of sale transfer of ownership. Under this method, the Company’s products are placed in third party stores and sold by the Company’s sales people. Upon purchase of the item by the customer, the Company relieves its inventory and recognizes revenue related to that item.
		2	Wholesale. 4.8%, 3.8%, 3.4% and 1.9% of the Company's revenue came from wholesale during three and six months ended June 30, 2014 and 2013, respectively. Recognition of income in wholesale is based on the contract terms. All wholesale payments were made at the point of sale. Upon purchase of the item by the customer, the Company relieves its inventory and recognizes revenue related to that item.
	Sales revenue is therefore recognized on the following basis:
		1	Store in store:
			Goods are sold at customer outlets which the Company’s sales people operate, and inventory of goods is under joint control by the outlets and the Company, revenue is recognized at the point of sale to the end buyer. Yosen has title and owns the inventory under joint control. Such joint controlled inventory is included in Yosen’s financial statements.
	During public holidays or department store celebration periods, we provide certain sales incentives to retail customers to increase sales, such as gift giving and price reductions. These are the only temporary incentives during the specified periods. Sales made to our retail customers as a result of incentives are immaterial as a percentage of total sales revenue.
		2	Wholesale:
	Revenue is recognized at the date of goods are received by wholesale customers. We operate our wholesale business by selling large volume orders to second-tier distributors. Revenues from wholesale are recognized at point of sale. Net sales already take into account revenue dilution as they exclude inventory credit, discount for early payment, product obsolescence and return of products and other allowances. Net sales also take into account the return of products in accordance with relevant laws and regulations in China. The Company is in the process of winding down its wholesale business. It will only focus on retail business in the future.
Return Policies [Policy Text Block]	'
	Return policies
	Our return policy complies with China’s laws and regulations on consumer’s rights and product quality. In accordance with Chinese law, consumers can return or exchange used products within seven days only if the goods do not meet safety and health requirements, endanger a person’s property, or do not meet the advertised performance. If the conditions and requirements as set out in the relevant laws and regulations are met, the retail stores are entitled to accept a return of the goods from the consumer. In such cases, the Company shall accept the returns unconditionally. Goods returned will be redirected to the production factory or supplier who shall bear all losses on the returns in accordance the laws and regulations. Consumer returns or exchanges of products that have not been used, where the packaging has not been damaged, are honored if such return or exchange is within seven days. If a consumer returns a product, the Company must refund the invoice price to the consumer. The Company will then be responsible for returning the goods to the production factory or supplier. At that time the Company can recover the price based on the purchase and sale contract with the producer or supplier. However, when goods are returned, the Company loses the profit margin that it records when revenue is recognized, regardless of whether the production factory or supplier takes the product back or not.
	The return rights granted to wholesale customers are similar to the rights granted to retail customers. Once wholesale customers purchase the products, they follow the same return policy as retail customers. We do not honor any return from wholesale customers other than if the products don’t meet laws and regulations or quality requirements. If the wholesale customers have a high inventory level or product obsolescence caused by lower market demands or other operational issues, the wholesale customers bear their own losses. When a wholesale customer returns products, the Company will return the products to the suppliers or manufacturers. A sales return and allowance is recorded at the sales price. Meanwhile, a purchase return and allowance entry is recorded at the invoice price because the suppliers or manufacturers bear the losses. The net effect is that the Company derecognizes the gross profit when a return takes place, but does not record any loss on the cost of the returned item back to the supplier or manufacturer.
	In light of the aforesaid PRC laws and regulations and the Company's arrangements with suppliers, we do not provide an accrual for any estimated losses on subsequent sale of the return of products.  As a result we do not engage in assessing levels of inventory in the distribution channel, product obsolescence and/or introductions of new products, as none of those factors have any impact on us with respect to estimating losses on subsequent sale of returned goods.  Goods return policy strictly complies with the laws and regulations in China on consumer rights and product quality requirements. If the conditions and requirements as set out in the relevant laws and regulations are met, customers are able to return the goods unconditionally. In such cases, the Company shall accept the returns unconditionally. Goods returned will be redirected back to the manufacturers or suppliers who shall meet all losses on returns in accordance the laws and regulations. The Company will only be responsible for assisting the process of execution of goods return. The Company shall not bear any loss from goods returned. As a result, we do not provide any accrual on subsequent return of goods sold.
	Unlike the US retail market, sellers do not accept returns caused by any change in the sales market or change in customers’ preferences in China. Therefore, the Company generally does not honor any return except for a product defect. As such, situations relating to return of goods from overstock in distribution channels, product obsolescence and over-budgeted goods from launching of new products will not exist.
	The reported sales do not include estimate of returns due to defects for the period presented because we do not offer customers the right to return in China. We do not allow the customers to return the products for cash refunds, credit, or exchange for other products through general rights of return. If the products are defective, manufacturers are directly responsible for the defects. Yosen Group, as a distributor, only assists customers in returning the defective products to manufacturers. The manufacturers send replacement products to customers directly.
	(b) Yosen Trading
	Yosen Trading records revenue when merchandise is delivered to the customers.  During the three and six months ended June 30, 2014, Yosen trading had 28.3% and 23.7% of revenue from retail and 71.7% and 76.3% from wholesale.
Cost of Sales, Policy [Policy Text Block]	'
	Cost of Sales
	Cost of sales (“COS”) consists of actual product cost, which is the purchase price of the product less any discounts.  COS excludes freight charges, purchase and delivery costs, internal transfer, freight charges and the other costs of the Company’s distribution network, which are identified in general and administrative expenses.
Selling, General and Administrative Expenses, Policy [Policy Text Block]	'
	General and Administrative Expenses
	General and administrative (“G&A”) expenses are comprised principally of payroll and benefits costs for retail and corporate employees, occupancy costs of corporate facilities, lease expenses, management fees, traveling expenses and other operating and administrative expenses, including freight charges, purchase and delivery costs, internal transfer freight charges and other distribution costs.
Shipping and Handling Cost, Policy [Policy Text Block]	'
	Shipping and Handling Fees
	The Company follows FASB ASC Sub-topic 605-45, “Handling Costs, Shipping Costs.”  The Company does not charge its customers for shipping and handling. The Company classifies shipping and handling fees as part of general and administrative expenses which were $349, $1,259, $543 and $5,611 for the three and six months ended June 30, 2014 and 2013, respectively.
Vendor Discounts Policy [Policy Text Block]	'
	Vendor Discounts
	The Company has negotiated preferred pricing arrangements with certain vendors on certain products. These arrangements are not contingent on any levels of volume and are considered vendor discounts as opposed to rebates. The Company records these discounts along with the purchase of the discounted items, resulting in lower inventory cost and a corresponding lower COS as the products are sold.
Management Fees Calculations, Policy [Policy Text Block]	'
	Management Fees Paid to the Department Stores Under “Store in Store” Model
	Under the “store in store” business operation model, the Company may pay management fees to the department stores, which are in the form of service charges. The management fees are reflected in general and administrative expenses. Such management fees were $18,956 and $26,291, $25,802 and $44,042 in general and administrative expenses for the three and six months ended June 30, 2014 and 2013, respectively.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	'
	Share Based Payment
	The Company follows FASB ASC Sub-topic 718-10, “Compensation-Stock Compensation,” which addresses the accounting for transactions in which an entity exchanges its equity instruments for goods or services, with a primary focus on transactions in which an entity obtains employee services in share-based payment transactions. FASB ASC Sub-topic 718-10 requires measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date FV of the award (with limited exceptions). Incremental compensation costs arising from subsequent modifications of awards after the grant date must be recognized.
Advertising Costs, Policy [Policy Text Block]	'
	Advertising
	Advertising expenses consist primarily of costs of promotion for corporate image and product marketing and costs of direct advertising. The Company expenses all advertising costs as incurred. Advertising expense was $0 and $7,148, respectively for three and six months ended June 30, 2013. There was no advertising expense for the three and six months ended June 30, 2014.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	The Company utilizes FASB ASC Topic 740, “Income Taxes.” ASC Topic 740 requires a company to use the asset and liability method of accounting for income taxes, whereby 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.
	Under FASB Sub-topic ASC 740-10-25, evaluation of a tax position is a two-step process. The first step is to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigation based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements.
Earnings Per Share, Policy [Policy Text Block]	'
	Basic and Diluted Earnings (Loss) per Share
	Loss per share is calculated in accordance with FASB ASC Topic 260, “Earnings per Share.” Basic earnings (loss) per share is based upon the weighted average number of common shares outstanding. Diluted earnings (losses) per share is based on the assumption that all dilutive convertible shares and stock options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase common stock at the average market price during the period. If convertible shares and stock options are anti-dilutive, the impact of conversion is not included in the diluted net income (loss) per share. Excluded from the calculation of diluted earnings (loss) per share for the three months ended June 30, 2014 and 2013 were 10,000 options, as they were not dilutive.
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Statement of Cash Flows
	In accordance with FASB ASC Topic 230, “Statement of Cash Flows,” cash flows from the Company’s operations are calculated based upon the functional currency, in our case the RMB. As a result, amounts related to changes in assets and liabilities reported on the statement of cash flows will not necessarily agree with the changes in the corresponding balances on the balance sheet.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	'
	Concentration of Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk are cash, accounts receivable, advances to suppliers and other receivables arising from its normal business activities. The Company places its cash in what it believes to be credit-worthy financial institutions. The Company has a diversified customer base. The Company controls credit risk related to accounts receivable through credit approvals, credit limits and monitoring procedures. The Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited.
Segment Reporting, Policy [Policy Text Block]	'
	Segment Reporting
	FASB ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. The Company operated in one segment (i.e., mobile phones) in 2013 through Wang Da and Zhejiang. On January 6, 2014 the Company established Yosen Trading which is engaged in international trade and wholesale business. As a result, starting in 2014, the Company operated in two segments: mobile phones and international trade (see Note 15).
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recent Accounting Pronouncements
	In July 2012, FASB issued ASU No. 2012-02, Intangibles—Goodwill and Other (Topic 350), “Testing Indefinite-Lived Intangible Assets for Impairment.” ASU 2012-02 simplifies the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. ASU 2012-02 allows an entity the option of first performing a qualitative assessment to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired. The adoption of ASU 2012-02 did not have a material impact on the Company’s consolidated financial statements.
	The FASB has issued ASU No. 2013-04, Liabilities (Topic 405), “Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date .” ASU 2013-04 provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this ASU is fixed at the reporting date, except for obligations addressed within existing guidance in US GAAP. The guidance requires an entity to measure those obligations as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. The amendments in this ASU are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The adoption of ASU 2013-04 did not have a material impact on the Company’s consolidated financial statements.
	In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): “Presentation of Unrecognized Tax Benefit When a Net Operating Loss Carryforward, A Similar Tax Loss, or a Tax Credit Carryforward Exists (A Consensus the FASB Emerging Issues Task Force)”. ASU 2013-11 provides guidance on financial statement presentation of unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The FASB’s objective in issuing this ASU is to eliminate diversity in practice resulting from a lack of guidance on this topic in current US GAAP. This ASU applies to all entities with unrecognized tax benefits that also have tax loss or tax credit carryforwards in the same tax jurisdiction as of the reporting date. This amendment is effective for public entities for fiscal years beginning after December 15, 2013 and interim periods within those years. The adoption of ASU 2013-11 did not have a material impact on the Company’s consolidated financial statements.
	Other recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the Securities Exchange Commission (the “SEC”) did not or are not believed by management to have a material impact on the Company’s present or future consolidated financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	As of June 30, 2014 and December 31, 2013, property and equipment consisted of the following:
		2014		2013
		(Unaudited)
	Automotive	$	62,793	$	63,254
	Office equipment		183,303		184,007
	Subtotal		246,096		247,261
	Less: accumulated depreciation		-207,739		-205,686
	Total	$	38,357	$	41,575

SHORTTERM_LOANS_Tables

SHORT-TERM LOANS (Tables)	6 Months Ended
	Jun. 30, 2014
Short-term Debt [Abstract]	'
Schedule of Short-term Debt [Table Text Block]	'
	As of June 30, 2014 and December 31, 2013, short-term loans consisted of the following:
		2014		2013
		(Unaudited)
	Bank loan from Bank of Chouzhou, dated July 16, 2013, due on July 15, 2014, with an annual interest rate of 6.6% payable monthly, personally guaranteed by the CEO*	$	812,321	$	818,277
	Bank loan from Bank of Chouzhou, dated July 17, 2013, due on July 16, 2014, with an annual interest rate of 6.6% payable monthly, personally guaranteed by the CEO**		1,624,623		1,636,554
	Bank loan from Bank of Hangzhou, dated September 24, 2013, due on March 21, 2014, with an annual interest rate of 12.0% payable monthly		-		163,656
		$	2,436,964	$	2,618,487
	*Bank loan of $812,321 was renewed on July 16, 2014. The new loan is due on July 15, 2015, with an annual interest rate of 6.9% payable monthly, personally guaranteed by the CEO.
	**Bank loan of $1,634,623 was repaid without renewal. The repayment was financed by a promissory note of $1,624,623 issued by Bank of Chouzhou, dated July 16, 2014, due on January 16, 2014, bearing zero interest.

NOTES_PAYABLE_Tables

NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2014
Notes Payable [Abstract]	'
Schedule Of Notes Payable [Table Text Block]	'
	The promissory notes were renewed in 2014 and the new terms are as follows as of June 30, 2014 and December 31, 2013:
		2014		2013
		(Unaudited)
	Promissory note issued by Bank of Chouzhou, dated February 13, 2014, due on August 13, 2014, bearing zero interest	$	324,929	$	-
	Promissory note issued by Bank of Chouzhou, dated July 17, 2013, due on January 17, 2014, bearing zero interest		-		736,448
	Promissory note issued by Bank of Chouzhou, dated February 16, 2014, due on August 15, 2014, bearing zero interest		389,914		-
	Promissory note issued by Bank of Chouzhou, dated July 18, 2013, due on January 17, 2014, bearing zero interest		-		654,623
	Promissory note issued by Bank of Chouzhou, dated February 17, 2014, due on August 15, 2014, bearing zero interest		666,103		-
		$	1,380,946	$	1,391,071

ACCRUED_EXPENSES_AND_OTHER_PAY1

ACCRUED EXPENSES AND OTHER PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2014
Accounts Payable and Accrued Liabilities [Abstract]	'
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	'
	As of June 30, 2014 and December 31, 2013, accrued expenses and other payable consisted of the following:
		2014		2013
		(Unaudited)
	Accrued expenses	$	247,076	$	197,893
	Other payable		372,219		-
		$	619,295	$	197,893

LONGTERM_LOAN_Tables

LONG-TERM LOAN (Tables)	6 Months Ended
	Jun. 30, 2014
Long-term Investments [Abstract]	'
Schedule of Long-term Debt Instruments [Table Text Block]	'
	As of June 30, 2014 and December 31, 2013, long-term loan consisted of the following:
		2014		2013
		(Unaudited)
	Bank loan from Bank of Hangzhou, dated July 11, 2013, due on July 8, 2016, with an annual interest rate of 7.38% payable monthly	$	487,393	$	490,966
		$	487,393	$	490,966

STOCK_WARRANTS_OPTIONS_AND_COM1

STOCK WARRANTS, OPTIONS, AND COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Schedule Of Share Based Compensation Stock Options And Warrants Activity [Table Text Block]	'
	Outstanding options and warrants by exercise price consisted of the following as of June 30, 2014:
	Outstanding									Exercisable
	Exercise Price		Number of			Weighted		Weighted		Number		Weighted
			Shares			Average		Average		of Shares		Average
						Remaining		Exercise Price				Exercise
						Life (Years)						Price
	Options:
	$	20.8		10,000	-1		2.5	$	20.8		10,000	$	20.8
	Warrants:
	$	0.25		1,850,000	-2		2.15	$	0.25		1,850,000	$	0.25
	(1) During the three months ended 2014 and 2013, the Company did not issue any stock options. The 10,000 stock options outstanding as of June 30, 2014 were issued in 2007 to our former director Mr. Kenneth Berents, have a 10 year term and vested immediately upon issuance.
	(2) In August 2013, the Company issued stock warrants to purchase 2,000,000 shares of common stock at an exercise price of $0.25 in conjunction with the common stock offering. The stock warrants expire on August 23, 2016. On May 28, 2014, warrants to purchase 150,000 shares of common stock were exercised.

INCOME_TAXES_Tables

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	'
	The components of deferred tax assets and liabilities as of June 30, 2014 (unaudited) and December 31, 2013 were as follows:
		2014			2013
		(Unaudited)
	Deferred tax assets:
	U.S. net operating losses	$	-		$	556,942
	PRC net operating losses		36,763			450,971
	Total deferred tax assets		36,763			1,007,913
	Less valuation allowance		-36,763			-1,007,913
		$	-		$	-
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
	Reconciliation of the differences between the statutory US Federal income tax rate and the effective rate for the three months ended June 30, 2014 and 2013 is as follows:
		2014				2013
	Tax (Credit) at US Statutory Rate		34	%			-34	%
	Tax rate difference		-2.5	%			4.2	%
	State, net of federal		34.7	%			-	%
	Valuation allowance		43.9	%			29.8	%
	Utilization of NOL		-50.9	%			-	%
	Other		17.9	%			-	%
	Effective rate		77.1	%			-	%
	Reconciliation of the differences between the statutory US Federal income tax rate and the effective rate for the six months ended June 30, 2014 and 2013 is as follows:
		2014				2013
	Tax (Credit) at US Statutory Rate		34	%			-34	%
	Tax rate difference		-7.3	%			4.7	%
	State, net of federal		32.3	%			-	%
	Valuation allowance		52	%			29.3	%
	Utilization of NOL		-72.4	%			-	%
	Other		16.6	%			-	%
	Effective rate		55.2	%			-	%

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Jun. 30, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule Of Disposal Groups Including Discontinued Operations Balance Sheet and Additional Disclosures [Table Text Block]	'
	The following table summarizes the assets and liabilities of the discontinued operations as of June 30, 2014 (unaudited) and December 31, 2013 included in the Consolidated Balance Sheets:
		2014		2013
	Cash		1,388,899		1,398,576
	Inventories		129,139		44,717
	Prepaid expenses and other assets		21,486		-
	Advance to suppliers		821		51,952
	Advance to related parties		127,481		-
	Property, plant and equipment		25,674		26,328
	Total assets		1,693,500		1,521,573
	Short-term loans		2,436,964		2,454,831
	Notes payable		1,380,946		1,391,071
	Income tax payable		853,177		808,460
	Accounts payable		-		19,263
	Other payable		20,660		157,580
	Total liabilities		4,691,747		4,831,205
	Net assets	$	-2,998,247	$	-3,309,632
Schedule Of Disposal Groups Including Discontinued Operations Consolidated Statements Of Operations and Comprehensive Loss [Table Text Block]	'
	The following table summarizes the operating results of the discontinued operations for the three and six months ended June 30, 2014 and 2013 included in the Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited):
		Three Months Ended June 30,
		2014		2013
	Sales, net	$	86,582	$	277,820
	Cost of sales		85,427		275,997
	Gross profit		1,155		1,823
	General and administrative expenses		17,531		34,074
	Loss from discontinued operations		-16,376		-32,251
	Other expense		-40,982		-24,749
	Loss before income taxes		-57,358		-57,000
	Provision for income taxes		-		-
	Net loss from discontinued operations, net of income tax	$	-57,358	$	-57,000
		Six Months Ended June 30,
		2014		2013
	Sales, net	$	343,100	$	748,740
	Cost of sales		336,623		741,381
	Gross profit		6,477		7,359
	General and administrative expenses		43,065		99,202
	Loss from discontinued operations		-36,588		-91,843
	Other expense		-110,387		-76,806
	Loss before income taxes		-146,975		-168,649
	Provision for income taxes		-		-
	Net loss from discontinued operations, net of income tax	$	-146,975	$	-168,649

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Table Text Block]	'
	The following table presents summarized information by segment:
		Three Months Ended June 30, 2014 (Unaudited)
		Mobile		International
		Phones		Trade		Other		Total
	Sales, net	$	2,464,488	$	588,647	$	-	$	3,053,135
	Cost of sales		2,288,824		473,247		-		2,762,071
	Gross profit (loss)		175,664		115,400		-		291,064
	Selling, general and administrative expenses		-196,605		-3,220		-88,324		-288,149
	Income (loss) from continuing operations		-20,941		112,180		-88,324		2,915
	Other Income (expenses)		87,390		-292		-		87,098
	Provision for income taxes		-		-17,175		-8,012		-25,187
	Net income from continuing operations		66,449		94,713		-96,336		64,826
	Net loss from discontinued operations		-		-		-57,358		-57,358
	Net income	$	66,449	$	94,713	$	-153,694	$	7,468
		Six Months Ended June 30, 2014 (Unaudited)
		Mobile		International
		Phones		Trade		Other		Total
	Sales, net	$	6,119,537	$	1,196,623	$	-	$	7,316,160
	Cost of sales		5,728,145		967,693		-		6,695,838
	Gross profit (loss)		391,392		228,930		-		620,322
	Selling, general and administrative expenses		-360,886		-3,361		-212,114		-576,361
	Income from continuing operations		30,506		225,569		-212,114		43,961
	Other Income (expense)		174,162		-350		-219		173,593
	Provision for income taxes		-		-34,571		-4,382		-38,953
	Net income from continuing operations		204,668		190,648		-216,715		178,601
	Net loss from discontinued operations		-		-		-146,975		-146,975
	Net income	$	204,668	$	190,648	$	-363,690	$	31,626
Schedule Of Total Assets [Table Text Block]	'
		June 30,		December 31,
	Total Assets	2014		2013
		(Unaudited)
	Mobile Phones	$	2,658,538	$	2,064,892
	International Trade		567,185		-
	Other		1,795,263		1,904,489
		$	5,020,986	$	3,969,381

ORGANIZATION_Details_Textual

ORGANIZATION (Details Textual)

Jun. 30, 2014

28-May-14

Dec. 31, 2013

Aug. 03, 2006

Nov. 28, 2006

Jul. 06, 2009

Jul. 06, 2009

Jul. 06, 2009

Jul. 06, 2009

Nov. 21, 2005

Nov. 21, 2005

Nov. 21, 2005

Nov. 21, 2005

Nov. 21, 2005

Dec. 21, 2005

Sanhe Subsidiary [Member]

Joy Harmony Subsidiary [Member]

Jinhua Subsidiary [Member]

Jinhua Subsidiary [Member]

Equity Interest Of Yiwu [Member]

Equtity Interst Of Zhejiang [Member]

Zhenggang Wang [Member]

Yimin Zhang [Member]

Huiyi Lv [Member]

Xiaochun Wang [Member]

Zhongsheng Bao [Member]

Equity Issued In Business Combination [Member]

USD ($)

USD ($)

USD ($)

CNY

USD ($)

Common stock, shares issued

25,692,356

150,000

23,542,527

'

'

'

'

'

'

'

'

'

'

'

7,000,000

Percentage Of Shares Acquired On Issued and Outstanding Capital Stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

93.00%

Business Acquisition, Percentage of Voting Interests Acquired

'

'

'

100.00%

100.00%

100.00%

100.00%

10.00%

90.00%

'

'

'

'

'

'

Business Acquisition, Equity Interest Issued Or Issuable, Number Of Shares (in shares)

'

'

'

183,150

544,622

'

'

'

'

'

'

'

'

'

'

Percentage Of Interest In Revenues Of Subsidiary

'

'

'

'

'

'

'

'

'

35.00%

20.00%

20.00%

15.00%

10.00%

'

Business Acquisition Contingent Consideration Potential Cash Payments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$500

Business Acquisition Costs Of Acquired Entity Purchase Price

'

'

'

8,750

18,500

'

'

'

'

'

'

'

'

'

'

Payments to Acquire Businesses, Gross

'

'

'

$5,000

$7,500

$17,500

120,000,000

'

'

'

'

'

'

'

'

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Subtotal	$246,096	$247,261
Less: accumulated depreciation	-207,739	-205,686
Total	38,357	41,575
Automotive [Member]	'	'
Subtotal	62,793	63,254
Office equipment [Member]	'	'
Subtotal	$183,303	$184,007

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Net income (loss)	$7,468	($414,219)	$31,626	($1,053,696)	$3,626,688	$15,866,999
Retained Earnings (Accumulated Deficit)	47,092,625	'	47,092,625	'	47,124,250	'
Percentage Of Revenue Recognized Under Retail Revenue Stream	95.20%	96.20%	97.60%	98.10%	'	'
Percentage Of Revenue Recognized Under Wholesale Revenue Stream	4.80%	3.80%	3.40%	1.90%	'	'
Shipping, Handling and Transportation Costs	349	1,259	543	5,611	'	'
Payment for Management Fee	18,956	26,291	25,802	44,042	'	'
Advertising Expense	'	0	'	7,148	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10,000	10,000	'	'	'	'
Allowance for Doubtful Accounts Receivable	$788,856	'	$788,856	'	$745,714	'
Treading Revenue Percentage	28.30%	'	23.70%	'	'	'
Wholesale Revenue Percentage	71.70%	'	76.30%	'	'	'
Automotive [Member]	'	'	'	'	'	'
Property, Plant and Equipment, Useful Life	'	'	'5 years	'	'	'
Office Equipment [Member]	'	'	'	'	'	'
Property, Plant and Equipment, Useful Life	'	'	'5 years	'	'	'

SHORTTERM_LOANS_Details

SHORT-TERM LOANS (Details) (USD $)	Jun. 30, 2014		Dec. 31, 2013
Short-term loans	$2,436,964		$2,618,487
Bank Of Chouzhou, Due On July 15, 2014 [Member]	'		'
Short-term loans	812,321	[1]	818,277	[1]
Bank Of Chouzhou, Due On July 16, 2014 [Member]	'		'
Short-term loans	1,624,623	[2]	1,636,554	[2]
Bank Of Hangzhou, Due On March 21, 2014 [Member]	'		'
Short-term loans	$0		$163,656
[1]	Bank loan of $812,321 was renewed on July 16, 2014. The new loan is due on July 15, 2015, with an annual interest rate of 6.9% payable monthly, personally guaranteed by the CEO.
[2]	Bank loan of $1,634,623 was repaid without renewal. The repayment was financed by a promissory note of $1,624,623 issued by Bank of Chouzhou, dated July 16, 2014, due on January 16, 2014, bearing zero interest.

SHORTTERM_LOANS_Details_Textua

SHORT-TERM LOANS (Details Textual)	6 Months Ended
	Jun. 30, 2014
Bank Of Chouzhou, Due On July 15, 2014 [Member]	'
Bank Loan Annual Interest Rate	6.60%
Bank Of Chouzhou, Due On July 16, 2014 [Member]	'
Bank Loan Annual Interest Rate	6.60%
Bank Of Hangzhou, Due On March 21, 2014 [Member]	'
Bank Loan Annual Interest Rate	12.00%
Bank Of Loan, Due On July 15, 2015 [Member]	'
Bank Loan Annual Interest Rate	6.90%

NOTES_PAYABLE_Details

NOTES PAYABLE (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Notes Payable, Total	$1,380,946	$1,391,071
February 13, 2014, due on August 13, 2014 [Member] | Bank of Chouzhou [Member]	'	'
Notes Payable, Total	324,929	0
July 17, 2013, due on January 17, 2014 [Member] | Bank of Chouzhou [Member]	'	'
Notes Payable, Total	0	736,448
February 16, 2014, due on August 15, 2014 [Member] | Bank of Chouzhou [Member]	'	'
Notes Payable, Total	389,914	0
July 18, 2013, due on January 17, 2014 [Member] | Bank of Chouzhou [Member]	'	'
Notes Payable, Total	0	654,623
February 17, 2014, due on August 15, 2014 [Member] | Bank of Chouzhou [Member]	'	'
Notes Payable, Total	$666,103	$0

NOTES_PAYABLE_Details_Textual

NOTES PAYABLE (Details Textual) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Notes payable	$1,380,946	$1,391,071
Debt Instrument, Interest Rate During Period	0.00%	0.00%
Promissory Note One [Member]	'	'
Notes payable	736,448	'
Debt Instrument, Maturity Date	17-Jul-13	'
Promissory Note Two [Member]	'	'
Notes payable	$654,623	'
Debt Instrument, Maturity Date	18-Jul-13	'

ACCRUED_EXPENSES_AND_OTHER_PAY2

ACCRUED EXPENSES AND OTHER PAYABLE (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Accrued expenses	$247,076	$197,893
Other payable	372,219	0
Accounts Payable and Other Accrued Liabilities, Current	$619,295	$197,893

LONGTERM_LOAN_Details

LONG-TERM LOAN (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Long-term loan	$487,393	$490,966
Bank Of Hangzhou Due On July 8, 2016 [Member]	'	'
Long-term loan	$487,393	$490,966

LONGTERM_LOAN_Details_Textual

LONG-TERM LOAN (Details Textual) (Bank Loan Due On July Fifteen Two Thousand And fifteen [Member])	Jun. 30, 2014
Bank Loan Due On July Fifteen Two Thousand And fifteen [Member]	'
Debt Instrument, Interest Rate, Stated Percentage	7.38%

COMMON_STOCK_Details_Textual

COMMON STOCK (Details Textual) (USD $)	1 Months Ended					12 Months Ended		1 Months Ended
	28-May-14	Aug. 23, 2013	Aug. 31, 2013	Jun. 30, 2014	Dec. 31, 2013	Dec. 31, 2013	Aug. 23, 2013	Aug. 23, 2013
						2012 Plan [Member]	Two Investors [Member]	Investor [Member]
Common Stock, Par Or Stated Value Per Share	'	$0.00	'	$0.00	$0.00	'	'	'
Issuance of common stock for compensation (in shares)	'	'	'	'	'	2,760,000	'	'
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures, Total	'	'	'	'	'	$828,000	'	'
Common Stock, Shares, Issued	150,000	'	'	25,692,356	23,542,527	'	'	'
Warrants Issued	'	'	'	'	'	'	2,000,000	'
Common Stock, Value, Issued	'	320,000	'	25,692	23,542	'	'	'
Common Stock Market Price Per Share	'	$0.16	'	'	'	'	'	'
Warrants Issued During Period, Shares, New Issues	150,000	2,000,000	2,000,000	'	'	'	'	2,000,000
Warrants Issued During Period, Shares, Exercise Price	'	'	$0.25	'	'	'	'	$0.25
Warrants Issued During Period Value New Issues	'	$320,000	'	'	'	'	'	$500,000
Warrants To Purchase Shares Of Common Stock	150,000	'	'	'	'	'	'	'

STOCK_WARRANTS_OPTIONS_AND_COM2

STOCK WARRANTS, OPTIONS, AND COMPENSATION (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Options Outstanding - Exercise Price	$20.80
Options Outstanding - Number of Shares	10,000	[1]
Options Outstanding - Weighted Average Remaining Life (in years)	'2 years 6 months
Options Outstanding - Weighted Average Exercise Price	$20.80
Options Exercisable - Number of Shares	10,000
Options Exercisable - Weighted Average Exercise Price	$20.80
Warrants Outstanding - Exercise Price	$0.25
Warrants Outstanding - Number of Shares	1,850,000	[2]
Warrants Outstanding - Weighted Average Remaining Life (in years)	'2 years 1 month 24 days
Warrants Outstanding - Weighted Average Exercise Price	$0.25
Warrants Exercisable - Number of Shares	1,850,000
Warrants Exercisable - Weighted Average Exercise Price	$0.25
[1]	During the three months ended 2014 and 2013, the Company did not issue any stock options. The 10,000 stock options outstanding as of June 30, 2014 were issued in 2007 to our former director Mr. Kenneth Berents, have a 10 year term and vested immediately upon issuance.
[2]	In August 2013, the Company issued stock warrants to purchase 2,000,000 shares of common stock at an exercise price of $0.25 in conjunction with the common stock offering. The stock warrants expire on August 23, 2016. On May 28, 2014, warrants to purchase 150,000 shares of common stock were exercised.

STOCK_WARRANTS_OPTIONS_AND_COM3

STOCK WARRANTS, OPTIONS, AND COMPENSATION (Details Textual) (USD $)	1 Months Ended			6 Months Ended
	28-May-14	Aug. 23, 2013	Aug. 31, 2013	Jun. 30, 2014
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Outstanding, Number (in shares)	'	'	'	10,000	[1]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Weighted Average Remaining Contractual Term	'	'	'	'10 years
Warrants Issued During Period, Shares, New Issues	150,000	2,000,000	2,000,000	'
Warrants Issued During Period, Shares, Exercise Price	'	'	$0.25	'
Warrants Expiration Date	'	'	'	23-Aug-16
[1]	During the three months ended 2014 and 2013, the Company did not issue any stock options. The 10,000 stock options outstanding as of June 30, 2014 were issued in 2007 to our former director Mr. Kenneth Berents, have a 10 year term and vested immediately upon issuance.

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Deferred tax assets:	'	'
U.S. net operating losses	$0	$556,942
PRC net operating losses	36,763	450,971
Total deferred tax assets	36,763	1,007,913
Less valuation allowance	-36,763	-1,007,913
Deferred Tax Assets, Net of Valuation Allowance	$0	$0

INCOME_TAXES_Details_1

INCOME TAXES (Details 1)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Effective Income Tax Rate Reconciliation [Line Items]	'	'	'	'
Tax (Credit) at US Statutory Rate	34.00%	-34.00%	34.00%	-34.00%
Tax rate difference	-2.50%	4.20%	-7.30%	4.70%
State, net of federal	34.70%	0.00%	32.30%	0.00%
Valuation allowance	43.90%	29.80%	52.00%	29.30%
Utilization of NOL	-50.90%	0.00%	-72.40%	0.00%
Other	17.90%	0.00%	16.60%	0.00%
Effective rate	77.10%	0.00%	55.20%	0.00%

INCOME_TAXES_Details_Textual

INCOME TAXES (Details Textual) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Income Taxes [Line Items]	'	'	'	'	'
Tax benefit at US Statutory Rate	34.00%	-34.00%	34.00%	-34.00%	'
Valuation Allowance, Deferred Tax Asset, Change in Amount	'	'	'	'	$556,942
Foreign Income Tax Rate	'	'	25.00%	'	'
Loss from operations	2,915	-375,005	43,961	-916,433	'
PRC Subsidiaries [Member]	'	'	'	'	'
Income Taxes [Line Items]	'	'	'	'	'
Valuation Allowance, Deferred Tax Asset, Change in Amount	'	'	'	'	450,971
Loss from operations	'	'	'	'	$1,988,624

COMMITMENTS_Details_Textual

COMMITMENTS (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Commitments [Line Items]	'	'	'	'
Rent Expense	$0	$60,050	$0	$60,050
Contractual Obligations, Future Minimum Payments Due	$26,807	'	$26,807	'

STATUTORY_RESERVE_Details_Text

STATUTORY RESERVE (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2006	Jun. 30, 2014
Statutory Reserve [Line Items]	'	'
Percentage Of Fund Allocated To Statutory Reserve From Income After Tax	10.00%	'
Statutory Reserve Maximum Limit On Registered Capital	50.00%	'
Statutory Reserves	'	$11,542,623
Surplus Reserve Fund [Member]	'	'
Statutory Reserve [Line Items]	'	'
Percentage Of Fund Allocated To Statutory Reserve From Income After Tax	10.00%	'
Public Affair Fund [Member]	'	'
Statutory Reserve [Line Items]	'	'
Statutory Reserve Maximum Limit On Registered Capital	50.00%	'
Maximum [Member] | Surplus Reserve Fund [Member]	'	'
Statutory Reserve [Line Items]	'	'
Percentage Of Fund Allocated To Statutory Reserve From Income After Tax	10.00%	'
Minimum [Member] | Surplus Reserve Fund [Member]	'	'
Statutory Reserve [Line Items]	'	'
Percentage Of Fund Allocated To Statutory Reserve From Income After Tax	5.00%	'

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Cash	$1,388,899	$1,398,576
Inventories	129,139	44,717
Prepaid expenses and other assets	21,486	0
Advance to suppliers	821	51,952
Advance to related parties	127,481	0
Property, plant and equipment	25,674	26,328
Total assets	1,693,500	1,521,573
Short-term loans	2,436,964	2,454,831
Notes payable	1,380,946	1,391,071
Income tax payable	853,177	808,460
Accounts payable	0	19,263
Other payable	20,660	157,580
Total liabilities	4,691,747	4,831,205
Net assets	($2,998,247)	($3,309,632)

DISCONTINUED_OPERATIONS_Detail1

DISCONTINUED OPERATIONS (Details 1) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'
Sales, net	$86,582	$277,820	$343,100	$748,740
Cost of sales	85,427	275,997	336,623	741,381
Gross profit	1,155	1,823	6,477	7,359
General and administrative expenses	17,531	34,074	43,065	99,202
Loss from discontinued operations	-16,376	-32,251	-36,588	-91,843
Other expense	-40,982	-24,749	-110,387	-76,806
Loss before income taxes	-57,358	-57,000	-146,975	-168,649
Provision for income taxes	0	0	0	0
Net loss from discontinued operations, net of income tax	($57,358)	($57,000)	($146,975)	($168,649)

MAJOR_CUSTOMERS_VENDORS_AND_CR1

MAJOR CUSTOMERS, VENDORS AND CREDIT RISK (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Vendor One [Member]	'	'	'	'
Concentration Risk [Line Items]	'	'	'	'
Entity Wide Purchases Major Supplier Percentage	'	'	17.40%	11.50%
Vendor Two [Member]	'	'	'	'
Concentration Risk [Line Items]	'	'	'	'
Entity Wide Purchases Major Supplier Percentage	'	'	10.80%	'
Customer One [Member]	'	'	'	'
Concentration Risk [Line Items]	'	'	'	'
Entity-Wide Revenue, Major Customer, Percentage	17.20%	25.00%	24.40%	28.50%
Entity Wide Accounts Receivable Major Customer Percentage	'	'	14.30%	29.00%
Customer Two [Member]	'	'	'	'
Concentration Risk [Line Items]	'	'	'	'
Entity-Wide Revenue, Major Customer, Percentage	13.70%	16.30%	14.60%	14.70%
Entity Wide Accounts Receivable Major Customer Percentage	'	'	'	26.90%
Customer Three [Member]	'	'	'	'
Concentration Risk [Line Items]	'	'	'	'
Entity-Wide Revenue, Major Customer, Percentage	12.90%	11.20%	12.70%	'
Entity Wide Accounts Receivable Major Customer Percentage	'	'	'	15.50%
Customer Four [Member]	'	'	'	'
Concentration Risk [Line Items]	'	'	'	'
Entity-Wide Revenue, Major Customer, Percentage	12.00%	10.20%	12.40%	'

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Sales, net	$3,053,135	'	$7,316,160	'	'	'
Cost of sales	2,762,071	'	6,695,838	'	'	'
Gross profit (loss)	291,064	171,641	620,322	311,108	'	'
Selling, general and administrative expenses	-288,149	-546,646	-576,361	-1,227,541	'	'
Income (loss) from continuing operations	2,915	'	43,961	'	'	'
Other Income (expense)	87,098	'	173,593	'	'	'
Provision for income taxes	-25,187	'	-38,953	'	'	'
Net income from continuing operations	64,826	-357,219	178,601	-885,047	'	'
Net loss from discontinued operations	-57,358	'	-146,975	'	'	'
Net income	7,468	-414,219	31,626	-1,053,696	3,626,688	15,866,999
Mobile Phones [Member]	'	'	'	'	'	'
Sales, net	2,464,488	'	6,119,537	'	'	'
Cost of sales	2,288,824	'	5,728,145	'	'	'
Gross profit (loss)	175,664	'	391,392	'	'	'
Selling, general and administrative expenses	-196,605	'	-360,886	'	'	'
Income (loss) from continuing operations	-20,941	'	30,506	'	'	'
Other Income (expense)	87,390	'	174,162	'	'	'
Provision for income taxes	0	'	0	'	'	'
Net income from continuing operations	66,449	'	204,668	'	'	'
Net loss from discontinued operations	0	'	0	'	'	'
Net income	66,449	'	204,668	'	'	'
International Trade [Member]	'	'	'	'	'	'
Sales, net	588,647	'	1,196,623	'	'	'
Cost of sales	473,247	'	967,693	'	'	'
Gross profit (loss)	115,400	'	228,930	'	'	'
Selling, general and administrative expenses	-3,220	'	-3,361	'	'	'
Income (loss) from continuing operations	112,180	'	225,569	'	'	'
Other Income (expense)	-292	'	-350	'	'	'
Provision for income taxes	-17,175	'	-34,571	'	'	'
Net income from continuing operations	94,713	'	190,648	'	'	'
Net loss from discontinued operations	0	'	0	'	'	'
Net income	94,713	'	190,648	'	'	'
Other Segments [Member]	'	'	'	'	'	'
Sales, net	0	'	0	'	'	'
Cost of sales	0	'	0	'	'	'
Gross profit (loss)	0	'	0	'	'	'
Selling, general and administrative expenses	-88,324	'	-212,114	'	'	'
Income (loss) from continuing operations	-88,324	'	-212,114	'	'	'
Other Income (expense)	0	'	-219	'	'	'
Provision for income taxes	-8,012	'	-4,382	'	'	'
Net income from continuing operations	-96,336	'	-216,715	'	'	'
Net loss from discontinued operations	-57,358	'	-146,975	'	'	'
Net income	($153,694)	'	($363,690)	'	'	'

SEGMENT_INFORMATION_Details_1

SEGMENT INFORMATION (Details 1) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Assets, Total	$5,020,986	$3,969,381
Mobile Phones [Member]	'	'
Assets, Total	2,658,538	2,064,892
International Trade [Member]	'	'
Assets, Total	567,185	0
Other Segments [Member]	'	'
Assets, Total	$1,795,263	$1,904,489