Big Tree (BIGG) 10-Q 14 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	6 Months Ended
	Jun. 30, 2014	Aug. 05, 2014	Jun. 30, 2013
Document and Entity Information:	'	'	'
Entity Registrant Name	'Big Tree Group, Inc.	'	'
Document Type	'10-Q	'	'
Document Period End Date	30-Jun-14	'	'
Amendment Flag	'false	'	'
Entity Central Index Key	'0001097896	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Common Stock, Shares Outstanding	'	22,212,217	'
Entity Public Float	'	'	$959,536
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Current Reporting Status	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'Q2	'	'

BIG_TREE_GROUP_INC_AND_SUBSIDI

BIG TREE GROUP INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
CURRENT ASSETS:	'	'
Cash	$29,006	$220,585
Restricted Cash	167,338	4,910
Accounts receivable (net allowance of $288,009 and $291,011, respectively)	9,561,524	9,171,976
Inventories	1,428,165	134,699
Other receivable	902,195	1,181,321
Prepaid expenses	12,445	56,754
Due from related party	0	292,943
Advance to suppliers	86,650	113,792
Total Current Assets	12,187,323	11,176,980
Security deposit - related party	58,487	58,916
Property and equipment, net	274,667	131,198
Intangible assets, net	23,496	7,751
Total Assets	12,543,973	11,374,845
CURRENT LIABILITIES:	'	'
Accounts payable and accrued expenses	5,608,621	3,286,443
Loans payable	3,891,019	4,303,659
Convertible loans payable	572,306	205,716
Derivative liability	34,195	182,096
Advance from customers	221,702	124,851
Salaries payable	519,382	426,186
Other payable	437,410	569,995
Tax payable	1,131,329	1,133,075
Due to related party	489,900	444,749
Total Current Liabilities	12,905,864	10,676,770
Total Liabilities	12,905,864	10,676,770
SHAREHOLDERS' (DEFICIT) EQUITY:	'	'
Preferred stock, no par value; 20,000,000 shares authorized:none issued and outstanding at June 30, 2014 and December 31, 2013	0	0
Common stock ($0.00001 par value, 100,000,000 shares authorized; 14,273,557 and 10,350,192 shares outstanding at June 30, 2014 and December 31, 2013, respectively.)	143	104
Additional paid-in capital	677,792	302,399
Retained earnings	1,855,493	1,964,561
Accumulated Other comprehensive income (loss)	39,294	61,591
Advances due from related party	-2,934,613	-1,630,580
Total Shareholders' (Deficit) Equity	-361,891	698,075
Total Liabilities and Shareholders' (Deficit) Equity	$12,543,973	$11,374,845

BIG_TREE_GROUP_INC_AND_SUBSIDI1

BIG TREE GROUP INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Income Statement	'	'	'	'
Revenues	$4,831,712	$11,863,274	$9,600,367	$19,310,975
Cost of sales	4,267,757	10,974,138	8,276,112	17,727,189
Gross profit	563,955	889,136	1,324,255	1,583,786
Operating expenses:	'	'	'	'
Selling	162,410	181,734	307,474	295,925
Rent-related party	136,583	58,041	195,449	115,394
General and administrative	317,387	255,542	670,077	667,319
Total operating expenses	616,380	495,317	1,173,000	1,078,638
Operating (loss) income	-52,425	393,819	151,255	505,148
Other income (expenses):	'	'	'	'
Other income (expenses)	24,645	-32,335	8,558	-41,043
Realized gain (loss) from foreign currency exchange	42,409	-58,239	121,774	-74,351
Gain from change in fair value of derivative liability	30,694	0	103,328	0
Interest expense, net	-80,951	-65,743	-434,705	-129,476
Total other income (expenses)	16,797	-156,317	-201,045	-244,870
(Loss) Income before income taxes	-35,628	237,502	-49,790	260,278
Income taxes	6,359	-103,429	-59,278	-160,753
Net (loss) income	-29,269	134,073	-109,068	99,525
Foreign currency translation income (loss)	4,179	31,833	-22,297	42,507
Comprehensive (loss) income	($25,090)	$165,906	($131,365)	$142,032
Basic	$0	$0.01	($0.01)	$0.01
Diluted	$0	$0.01	($0.01)	$0.01
Basic	12,812,447	10,350,192	10,886,205	10,347,699
Diluted	12,812,447	10,350,192	10,886,205	10,347,699

BIG_TREE_GROUP_INC_AND_SUBSIDI2

BIG TREE GROUP INC. AND SUBSIDIARIES STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net (loss) income	($109,068)	$99,525
Adjustments to reconcile net (loss) income to net cash provided by operating activities:	'	'
Depreciation and amortization	50,202	39,606
Non-Cash Interest expense	254,144	0
Gain from change in fair market value of derivative liabilities	-103,328	0
Bad debt expense	-886	3,327
Stock issued for interest	235	94,501
Changes in current assets and liabilities:	'	'
Accounts receivable	-456,571	-4,891,997
Advance to suppliers	26,381	572,757
Advance to suppliers-related parties	0	62,693
Prepaid expenses and other current assets	315,386	310,242
Inventories	-1,297,715	-559,022
Accounts payable and accrued expenses	2,360,962	4,559,836
Other payables	-111,044	23,202
Salaries payable	96,540	84,944
Taxes payable	6,518	94,519
Advance from customers	98,006	26,472
NET CASH PROVIDED BY OPERATING ACTIVITIES	1,129,762	520,605
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Purchase of intangible asset	-18,058	0
Purchase of property and equipment	-192,774	-2,675
NET CASH USED IN INVESTING ACTIVITIES	-210,832	-2,675
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Restricted cash	-162,874	0
Proceeds from related party advances	589,706	1,390,844
Repayment of related parties advances	-583,191	-327,593
Working capital advance paid to related party, net	-1,319,224	-1,591,210
Advances from related party, net	333,540	0
Proceeds from convertible loans payable	353,500	0
Proceeds from (repayment of) loans payable	-320,863	18,290
NET CASH USED IN FINANCING ACTIVITIES	-1,109,406	-509,669
EFFECT OF EXCHANGE RATE ON CASH	-1,103	546
NET (DECREASE) INCREASE IN CASH	-191,579	8,807
CASH	220,585	22,167
CASH	29,006	30,974
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:	'	'
Cash paid for taxes	69,621	71,533
Cash paid for interest	151,589	129,968
Non-cash investing and financing activities:	'	'
Derivative liabilty reclassified to paid-in capital	44,573	0
Convertible debt premium reclassified to paid-in-capital	85,125	0
Stock issued for accounts payable	27,858	0
Stock issued for convertible debt	$217,876	$0

Note_1_Organization_and_Operat

Note 1 - Organization and Operations	6 Months Ended
	Jun. 30, 2014
Note 1 - Organization and Operations:	'
Note 1 - Organization and Operations	'
	NOTE 1 – ORGANIZATION AND OPERATIONS
	The Company
	Big Tree Group, Inc. (formerly Transax International Limited) (“we”, “us”, “our,” or the "Company") was incorporated in the State of Colorado in 1987. Prior to December 2011, the Company, through its subsidiary, Medlink Conectividade em Saude Ltda (“MedlinkConectividade”) was an international provider of information network solutions specifically designed for healthcare providers and health insurance companies. On April 4, 2011, pursuant to a Quota Purchase and Sale Agreement amongst Transax Limited, QC Holding I Participacoes S.A., a corporation organized under the laws of Brazil (“QC Holding”), and MedlinkConectividade, the Company sold 100% of its interest in MedlinkConectividade to QC Holding. From April 4, 2011 until December 30, 2011, we had nominal assets, no revenues and limited operations consisting of financial reporting, general administration, and seeking new business opportunities with a merger candidate.
	On December 30, 2011, the Company entered into a Share Exchange Agreement (the “Share Exchange Agreement") with Big Tree International Co., Ltd., a Brunei company (“BT Brunei”) and its shareholder, Lins (HK) International Trading Limited (“BT Hong Kong”). Under the Share Exchange Agreement, we exchanged 6,500,000 shares of our Series C Convertible Preferred Stock (the "Series C Preferred Stock") to acquire 100% of the issued and outstanding shares of BT Brunei from its sole shareholder BT Hong Kong. Each share of the Series C Preferred Stock was convertible into one share of our common stock after giving effect to a pending 1 for 700 reverse stock split (the “Reverse Stock Split”) and represented approximately 65% of the issued and outstanding shares of our common stock, and is hereinafter referred to as the “Exchange”. On December 30, 2011, BT Hong Kong became a shareholder of the Company. The Share Exchange Agreement was approved by our Board of Directors on December 30, 2011 and no approval of our shareholders was necessary under Colorado law. The transaction was accounted for as a reverse merger and recapitalization of BT Brunei whereby BT Brunei is considered the acquirer for accounting purposes and the 6,500,000 shares of our Series C Preferred Stock were accounted for as paid in capital of our company.  As a result of the consummation of the Share Exchange, BT Brunei and its subsidiary, Shantou Big Tree Toys Co., Ltd., a Chinese company (“BT Shantou”), are now our wholly-owned subsidiaries.  Accordingly, the historical financial statements are those of BT Brunei and BT Shantou upon the consummation of the Share Exchange transaction on December 30, 2011. Management of BT Brunei and BT Shantou has assumed operational, management and governance control immediately following the reverse merger transaction.
	After the acquisition of BT Brunei, we are in the business of toys sourcing, distribution and contractual manufacturing targeting international and domestic distributors and customers in the toys industry. Our main business focus is to function as a “one stop shop” for the sourcing, distribution and specialty manufacturing of toys and related products.  The Company conducts these operations through both BT Brunei and our BT Shantou subsidiary. We are located in Shantou City of Guangdong province, the geographical region well-known for toys manufacturing and exporting in China. We are not a manufacturer. We provide procurement services for international toy distributors and wholesalers, including identifying, evaluating, and engaging one or more local manufacturers, trading companies or distributors for the requested supply of toys, as well as arranging for original equipment manufacturing (OEM”) services. The OEM services include engaging toy manufacturers directly or through other toy trading companies or distributors to either manufacture toys to specific specifications requested by our customers, or customize an existing toy product to meet our customer’s request such as through changes in mechanical functionality, appearance, physical dimension, and materials. We sources a wide variety of toys made of plastic, wood, metal, wool, and electronic materials, primarily targeting children from infants to teenagers. We enable our customers to view these toys either through our website or at our extensive toy showrooms located in Shantou, China. Customers can easily contact our online representatives for inquiry and place orders, or visit the toy showrooms and choose from the displayed toy samples provided by our manufacturing partners.
	In 2009, BT Shantou developed a proprietary construction toy consisting of plastic pieces that can plug-in together to make a wide variety of objects. We registered the patents for its utility model and design in Hong Kong and mainland China during 2010 and 2011. On June 1, 2010, BT Shantou entered into a 10-year contract manufacturing agreement with Shantou Xinzhongyang Toy Industrial Co., Ltd.  (“Xinzhongyang”), a related party, to produce this proprietary toy under the name of Big Tree Educational Magic Puzzle (the “Big Tree Magic Puzzle”).
	Basis of presentation
	The accompanying unaudited condensed consolidated financial statements for the three and six month periods ended June 30, 2014 and 2013 have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial reporting and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). The unaudited condensed consolidated financial statements for the interim periods presented are unaudited and reflect all adjustments (consisting only of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of the financial position and operating results for the periods presented. Financial results for interim periods are not necessarily indicative of results that should be expected for the full year. The accompanying unaudited condensed consolidated financial statements reflect the consolidated financial position and result of operations of the Company and our subsidiaries, BT Brunei and BT Shantou. All significant intercompany accounts and transactions have been eliminated in consolidation

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2014
Note 2 - Summary of Significant Accounting Policies:	'
Note 2 - Summary of Significant Accounting Policies	'
	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Foreign Currency Translation
	The reporting currency of the Company is the U.S. dollar. Our functional currency is the Chinese Renminbi (“RMB”). In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 830-20-35, the unaudited consolidated financial statements were translated into United States dollars using balance sheet date rates of exchange for assets and liabilities, results of operations and cash flows are translated at average exchange rates during period, and equity is translated at historical exchange rates.  Net gains and losses resulting from foreign exchange transactions were included in the unaudited condensed consolidated statements of operations and comprehensive loss.  Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in other comprehensive income or loss within the shareholders’ equity.
	RMB is not a fully convertible currency. All foreign exchange transactions involving RMB must take place either through the People’s Bank of China (the “PBOC”) or other institutions authorized to buy and sell foreign exchange. The exchange rate adopted for the foreign exchange transactions are the rates of exchange quoted by the PBOC, which are determined largely by supply and demand. Translation of amounts from RMB into United States dollars (“$”) was made at the following exchange rates for the respective periods:
	Balance sheet:
	As of June 30, 2014	RMB 6.1552 to $1.00
	As of December 31, 2013	RMB 6.1104 to $1.00
	Statement of operations and comprehensive income (loss) and cash flows:
	Six months ended June 30, 2014	RMB 6.1397 to $1.00
	Six months ended June 30, 2013	RMB 6.2395 to $1.00
	Cash flows from the Company's operations are calculated based upon the local currencies using the average translation rate. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheets.
	Use of estimates
	The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.  Significant estimates for the three and six months ended June 30, 2014 and 2013 include the allowance for doubtful accounts on accounts receivable, allowance for obsolete inventory, the useful life of property and equipment and intangible assets, the valuation of derivative liability, and the valuation of stock-based compensation.
	Fair value of financial instruments
	We adopted the guidance of ASC 820 for fair value measurements which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:
	Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.
	Level 2-Inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.
	Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.
	The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable and accrued expenses, and loans payable approximate their fair market value based on the short-term maturity of these instruments. We did not identify any assets or liabilities that are required to be presented on the balance sheets at fair value in accordance with the accounting guidance.
	ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. We did not elect to apply the fair value option to any outstanding instruments.
	The following table reflects changes for six months ended June 30, 2014 for all financial assets and liabilities categorized as Level 3 as of June 30, 2014.
	Liabilities:
	Balance of derivative liabilities as of December 31, 2013	$     182,096
	Reclassification of derivative liability and put premium to paid-in capital upon debt conversion	(44,573)
	Gain from change in the fair value of derivative liabilities	(103,328)
	Balance of derivative liabilities as of June 30, 2014	$        34,195
	Reclassifications
	Certain reclassifications have been made in prior year’s financial statements to conform to the current year’s financial presentation.
	Cash and equivalents
	For purposes of the consolidated statements of cash flows, we consider all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents. We maintain cash and cash equivalents with various financial institutions mainly in the PRC and Hong Kong. Balances in banks in the PRC and Hong Kong are uninsured.
	Restricted Cash
	Cash and cash equivalents that are restricted as to withdrawal or use under the terms of short-term contractual agreements are recorded in current assets on our balance sheet. Our restricted cash balances primarily include cash collateral required to be held against loans from Guangfa Bank Co., Ltd. Shantou Zhongshan Branch. As of June 30, 2014 and December 31, 2013, the restricted cash account totaled $167,338 and $4,910, respectively.
	Accounts receivables
	Accounts receivables are recorded at the invoiced amount, net of an allowance for doubtful accounts. The allowance for doubtful accounts reflects our best estimate of the amount of probable credit losses in our existing accounts receivable. We determined the allowance based on historical write-off experience, customer specific facts and economic conditions. Bad debt expense is included in general and administrative expense. Outstanding account balances are reviewed individually for collectability. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. As of June 30, 2014 and December 31, 2013, the allowance for doubtful account totaled $288,009 and $291,011, respectively.
	Inventories
	We value inventories, consisting of finished goods only, at the lower of cost or market value. Cost is determined on the first in-first out method. We regularly review our inventories on hand and, when necessary, record a provision for excess or obsolete inventories based primarily on the current selling price. For the six months ended June 30, 2014 and 2013, there were no charges for inventory reserve provision.
	Prepaid expenses
	Prepaid expenses primarily consist of prepaid advertising expenses and prepaid taxes.
	Advance to suppliers (related and non-related parties)
	Advance to suppliers consist of advance to suppliers for merchandise that had not yet been shipped.
	Property and equipment
	Property and equipment are recorded at cost.  Expenditures for major additions and betterments are capitalized. Maintenance and repairs are expensed as incurred.  Depreciation of property and equipment is computed by the straight-line method (after taking into account their respective estimated residual values) over the assets estimated useful lives.  Upon sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in operations. Leasehold improvements, if any, are amortized on a straight-line basis over the lease period or the estimated useful life, whichever is shorter.  Upon becoming fully amortized, the related cost and accumulated amortization are removed from the accounts.
	Impairment of long-lived assets
	In accordance with ASC 360, our long-lived assets, which include property and equipment, and automobiles are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. We assess the recoverability of our long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of long-lived assets over their remaining estimated useful lives against their respective carrying amounts.  Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets.  Fair value is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable. If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives. We determined there were no impairments of long-lived assets as of June 30, 2014 and December 31, 2013.
	Advance from customers
	Advance from customers represent prepayments to us for merchandise that had not yet been shipped to customers. Advance from customers amounted to $221,702 and $124,851 as of June 30, 2014 and December 31, 2013, respectively.
	Revenue recognition
	We follow the guidance of ASC 605, "Revenue Recognition,” and the Securities and Exchange Commission's Staff Accounting Bulletin (“SAB”) No. 104 and SAB Topic 13 for revenue recognition. Revenues for our product sales are recognized when all four of the following criteria are met: (i) persuasive evidence of an arrangement exists through a formal purchase order or contract; (ii) delivery of the products has occurred and risks and rewards of ownership have passed to the customer; (iii) the selling price is both fixed and determinable based on agreement between us and our customer; and (iv) collectability is reasonably assured. For any advance payments from customers, revenues are deferred until such a time when all the four criteria mentioned above are fully met.
	Revenue is accounted for in accordance with the ASC 605-45, reporting revenue either gross as a principal or net as an agent depending upon the nature of the sales transaction. Revenue is recognized on a gross basis when the Company determines the sale meets the conditions of ASC 605-45, “Reporting Revenue Gross as a Principal versus Net as an Agent.” When the Company does not meet the criteria for gross revenue recognition under ASC 605-45, the Company reports the revenue on a net basis.
	In accordance with ASC 605-45-45, “Principal Considerations - Other Presentation Matters”, we report our revenues from sales of toys as follows:
	Revenue Recognition (1)
		For the three months ended June 30,2014			For the three months ended June 30,2013
	Allocation of Revenues	Gross Method	Net Method	Total	Gross Method	Net Method	Total
	Revenues, excluding  sales reported on net basis	$  4,746,944	$                 0	$  4,746,944	$  11,844,100	$                 0	$    11,844,100
	Net Revenues from sales reported on net basis	0	84,768	84,768	0	19,174	19,174
	Total Revenues	$  4,746,944	$       84,768	$  4,831,712	$  11,844,100	$       19,174	$    11,863,274
	Revenue Recognition (1)
		For the Six Months Ended June 30, 2014			For the Six Months Ended June 30, 2013
	Allocation of Revenues	Gross Method	Net Method	Total	Gross Method	Net Method	Total
	Revenues, excluding  sales reported on net basis	$  9,177,490	$                 0	$  9,177,490	$  19,247,073	$                 0	$    19,247,073
	Net Revenues from sales reported on net basis	0	422,877	422,877	0	63,902	63,902
	Total Revenues	$  9,177,490	$     422,877	$  9,600,367	$  19,247,073	$       63,902	$    19,310,975
	(1)           Certain revenues from our sales are based on a net reporting because they do not meet the criteria for
gross reporting method pursuant to ASC 605-45-45.  This means that all cost of purchases from those sales will be netted with the sales revenues generated by the sale of those toys. All other revenues from sales are based on gross reporting pursuant to criteria outlined in ASC 605-45-45, as follows:
-               we are the primary obligor to provide the product or services desired by our customers;
-               we have discretion in supplier selection.
-               we have latitude in establishing price;
-               we have credit risk - see Note 9 for customer concentrations and credit risk; and
-               we have inventory risk before customer order and upon customer return;
Income taxes
We account for income taxes under ASC 740, “Expenses – Income Taxes”. ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and the tax basis of assets and liabilities, and for the expected future tax benefit to be derived from tax losses and tax credit carry forwards. ASC 740 additionally requires the establishment of a valuation allowance to reflect the likelihood of realization of deferred tax assets.
The Company is governed by the U.S. Internal Revenue Code of 1986, as amended.
All of BT Shantou operations are in the PRC and are subject to China’s Unified Corporate Income Tax Law (the “EIT Law”) which became effective in January 2008. The EIT Law established a single unified 25% income tax rate for most companies, including BT Shantou in China.
BT Brunei was incorporated in the State of Brunei Darussalam, and may be subject to China incomes taxes pursuant to EIT Law as a non-resident company.
We applied the provisions of ASC 740-10-50, “Accounting for Uncertainty in Income Taxes”, which provides clarification related to the process associated with accounting for uncertain tax positions recognized in our financial statements. Audit periods remain open for review until the statute of limitations has passed. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment could be material to the Company’s results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. As of June 30, 2014, we had accrued China income taxes on taxable income generated by BT Brunei as a non-resident China company. We have not paid such taxes and we are reviewing our corporate tax structure and plan on restructuring our tax structure to ensure that BT Brunei is not subject to such taxes in China. There is no assurance that we can reach such a conclusion and we may be required to pay such income taxes. We had no other uncertain tax positions, and will continue to evaluate for uncertain positions in the future.
Value added taxes
Pursuant to the Provisional Regulation of China on Value Added Tax ("VAT", and their rules, all entities and individuals that are engaged in the sale of goods in China are generally required to pay VAT at a rate of 17.0% of the gross sales proceeds received, less any deductible VAT already paid or borne by the taxpayer. Further, when exporting goods, the exporter is entitled to a portion of or a full refund of the VAT that it has already paid or borne.
Shipping costs
For the three months ended June 30, 2014 and 2013, shipping costs are included in selling expenses and totaled $21,307 and $42,896, respectively. Shipping costs amounted to $31,098 and $56,068 for the six months ended June 30, 2014 and 2013, respectively.
Advertising
Advertising is expensed as incurred and is included in selling expenses on the accompanying consolidated statements of operations and comprehensive income. For the three months ended June 30, 2014 and 2013, advertising expense amounted to $26,070 and $27,326, respectively. For the six months ended June 30, 2014 and 2013, advertising expense amounted to $43,709 and $45,800, respectively.
Comprehensive (loss) income
Comprehensive (loss) income consists of net (loss) income and foreign currency translation adjustments, and is presented in our Unaudited Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income.
Net income (loss) per share of common stock
Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net income per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Potentially dilutive common shares consist of common stock issuable upon conversion of outstanding convertible debt (using the as-if converted method). Common stock equivalents may be dilutive in the future. All potentially dilutive common shares were excluded from the computation of diluted shares outstanding as they would have an anti-dilutive impact on the Company’s net loss and consisted of the following:
	Six Months Ended June 30,
	2014	2013
Convertible notes	12,427,099	-
Total	12,427,099	-
Recently issued accounting pronouncements
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, including most industry-specific requirements.  ASU 2014-09 establishes a five-step revenue recognition process in which an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services.  ASU 2014-09 also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. ASU 2014-09 will be effective for the Company in the first quarter of 2017.  Management is currently evaluating the impact the adoption of ASU 2014-09 will have on the Company’s condensed consolidated financial position, results of operations or cash flows and the method of retrospective application, either full or modified.
In July 2013, the FASB issued Accounting Standards Update “(ASU”) 2013-11, "Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists" ("ASU 2013-11"). The provisions of the rule require an unrecognized tax benefit to be presented as a reduction to a deferred tax asset in the financial statements for an NOL carryforward, a similar tax loss, or a tax credit carryforward except in circumstances when the carryforward or tax loss is not available at the reporting date under the tax laws of the applicable jurisdiction to settle any additional income taxes or the tax law does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purposes. When those circumstances exist, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The new financial statement presentation provisions relating to this update are prospective and effective for interim and annual periods beginning after December 15, 2013, with early adoption permitted. The adoption of this guidance had no impact to the consolidated financial statements.
A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, we have not determined whether implementation of such proposed standards would be material to our unaudited condensed consolidated financial statements.

Note_3_Other_Receivables

Note 3 - Other Receivables	6 Months Ended
	Jun. 30, 2014
Note 3 - Other Receivables:	'
Note 3 - Other Receivables	'
	NOTE 3 – OTHER RECEIVABLES
	Other receivable mainly consists of export tax refund from China's State Administration of Taxation and prepaid value- added tax. As a measure to encourage export, the Chinese tax code provides for a tax refund based on the amount and products exported by Chinese corporate taxpayers. The statutory tax refund rate is 15% of cost of goods sold for export sales. Other receivable consist of the following:
		June 30,	December 31,
		2014	2013
	Tax refund receivable	$        539,293	$   1,169,702
	Prepaid value added taxes	282,345	0
	Other	80,557	11,619
	Total Other receivable	$        902,195	$   1,181,321
	In November 2013, Bank of China Co., Ltd Shantou Branch (“BOC”) and BT Shantou entered a line of credit agreement, in which BOC granted BT Shantou a line of credit of RMB 10,000,000 (approximately $1,624,642 at June 30, 2014) expiring on May 21, 2014. We paid off the remaining balance in May 2014. Under the term of this line of credit agreement, BT Shantou entered onto a pledge agreement which uses the pending export tax refund receivable as security for the line of credit (See Note 5).

Note_4_Property_and_Equipment

Note 4 - Property and Equipment	6 Months Ended
	Jun. 30, 2014
Note 4 - Property and Equipment:	'
Note 4 - Property and Equipment	'
	NOTE 4 – PROPERTY AND EQUIPMENT
	At June 30, 2014 and December 31, 2013, property and equipment consisted of the following:
	(Estimated Life)	June 30,	December 31,
		2014	2013
	Office equipment (5 Years)	$        40,773	$        38,305
	Vehicles (5 Years)	51,989	52,370
	Machinery and  equipment (3 Years)	364,686	176,429
		457,448	267,104
	Less: accumulated depreciation	(182,781)	(135,906)
	Fixed assets, net	$     274,667	$     131,198
	For the three months ended June 30, 2014 and 2013, depreciation expenses amounted to $28,939 and $19,065, respectively. Depreciation expenses amounted to $47,985 and $38,053 for the six months ended June 30, 2014 and 2013, espectively.

Note_5_Intangible_Assets

Note 5 - Intangible Assets	6 Months Ended
	Jun. 30, 2014
Note 5 - Intangible Assets:	'
Note 5 - Intangible Assets	'
	NOTE 5 – INTANGIBLE ASSETS
	Intangible assets represent accounting software purchased in July 2011, monitoring software purchased in January 2014 and Microsoft software purchased in May 2014, which is amortized on a straight line basis during its useful life of 5 years. For the three months ended June 30, 2014 and 2013, amortization expenses amounted to $1,124 and $781, respectively. For the six months ended June 30, 2014 and 2013, amortization expenses amounted to $2,217 and $1,553, respectively.

Note_6_Loans_Payable

Note 6 - Loans Payable	6 Months Ended
	Jun. 30, 2014
Note 6 - Loans Payable:	'
Note 6 - Loans Payable	'
	NOTE 6 – LOANS PAYABLE
	In March and May 2012, we entered into two-year promissory note agreements for $20,000 and $41,711 with China Direct Investments, Inc., respectively, for an aggregate loan amount of $61,711. The proceeds of the loans were used for working capital purposes. The loan amounts of $20,000 and $41,711 and all accrued and unpaid interest are due no later than the earlier of on March 20, 2014 and May 9, 2014, respectively, or upon the completion of an offering of the Company’s securities to raise capital. The loans bear interest at 2% per annum. In January 2014, these notes were assigned to third parties and they were fully converted as of June 30, 2014 (See Note 7 – Convertible Loans Payable)
	On November 2, 2012, we borrowed RMB 23,000,000 ($3,736,678 and $3,764,074 at June 30, 2014 and December 31, 2013, respectively) from Guangfa Bank Co., Ltd. Shantou Zhongshan Branch. Under the terms of loan agreement, interest is payable monthly at an annual rate of 6.9% and was due on November 2, 2013. In October 2013, the loan due date was verbally extended to April 17, 2014 and the annual interest rate was increased to 7.28%. If the loan is not paid by the due date, the default annual interest rate shall be 8.97% per annum. The loan is secured by a property owned by Shantou Youbang International Express Supervision Center Co., Ltd., a company owned by Ms. Guihong Zheng, Mr. Wei Lin’s wife, and by a personal guarantee of Xinna Cai, the legal representative of BT Shantou. On March 28, 2014, we entered a new line of credit agreement of RMB 23,950,000 with Guangfa Bank Co., Ltd. Shantou Zhongshan Branch to replace this loan agreement. Pursuant to the new line of credit agreement, the annual interest rate is 120% of the Chinese benchmark interest rate (7.28% at June 30, 2014) payable quarterly and the loan is due on March 27, 2015. Through June 30, 2014, BT Shantou has repaid RMB 23,000,000, the remaining balance is RMB 23,950,000 ($3,891,019 at June 30, 2014).
	In November 2013, Bank of China Co., Ltd Shantou Branch (“BOC”) and BT Shantou entered a line of credit agreement, in which BOC granted BT Shantou a line of credit of RMB 10,000,000 (approximately $1,624,642 at June 30, 2014) expiring on May 21, 2014. Under the term of this line of credit agreement, Mr. Wei Lin, the former Chairman and CEO of the Company, and Ms. Xinna Cai, the legal representative of BT Shantou, have both signed personal guarantee agreements with BOC to guarantee this debt. BT Shantou also entered onto a pledge agreement which uses the pending export tax refund receivable as security for the line of credit. On November 26, 2013 and January 8, 2014, BOC provided a short term loan with the principal amount of RMB 3,400,000 and RMB 1,490,000 to BT Shantou under the line of credit. The loan term is six months with the annual interest rate of 7.28%, the due amount will be directly transfer from BT Shantou’s export tax refund receivable escrow account to BOC on the due date. We paid off the remaining balance through June 30, 2014.
	On December 21, 2013, we borrowed RMB 2,000,000 ($324,929 and $327,311 at June 30, 2014 and December 31, 2013) from Guangdong Huaxing Bank. The loan bears annual interest at the Chinese benchmark interest rate plus 30% of the Chinese benchmark interest rate (7.28% at June 30, 2014). Pursuant to the loan terms, aggregate principal and interest payments of RMB 300,000 (approximately $49,100) was due and payable monthly and on the maturity date (June 20, 2014) all remaining principal and interest was due. The loan was personally guaranteed by the Company’s former CEO and the Company guaranteed the loan by using its intellectual property right on four patents owned by the Company. The patents are registered as number 3142578, 1657120, 1321347 and 2512437. We paid off the loan through June 30, 2014.

Note_7_Related_Party_Transacti

Note 7 - Related Party Transactions	6 Months Ended
	Jun. 30, 2014
Note 7 - Related Party Transactions:	'
Note 7 - Related Party Transactions	'
	NOTE 7 – RELATED PARTY TRANSACTIONS
	Related party purchases
	We purchase products from Universal Toys Trading (Hong Kong) Limited (“Universal Toys”) that we sell to our customers. The sole shareholder of Universal Toys is Mr. Xiaodong Ou, the brother-in-law of our former Chairman and Chief Executive Officer, Mr. Wei Lin. During the three months ended June 30, 2014 and 2013, we purchased products of $0 and $0.2 million from Universal Toys, respectively. During the six months ended June 30, 2014 and 2013, we purchased $0 and $0.2 million from Universal Toys, respectively. At June 30, 2014 and December 31, 2013, we owed Universal Toys $0 and $0, respectively.  The Company agreed to purchase various products from Universal Toys, Universal Toys fills the purchase order in accordance with the Company’s specifications, and the Company is then obligated to pay Universal Toys upon delivery in accordance with its customary terms offered other suppliers /vendors.
	On June 1, 2010, BT Shantou entered into a 10-year contract manufacturing agreement with Xinzhongyang Toys Industrial Co. Ltd., (“Xinzhongyang”) to produce the Big Tree Magic Puzzle (3D). Mr. Lin, our former Chief Executive Officer and Ms. Guihong Zheng, his wife own Xinzhongyang. During the three months ended June 30, 2014 and 2013, we purchased approximately $154,000 and $197,000 from Xinzhongyang, respectively. During the six months ended June 30, 2014 and 2013, we purchased approximately $210,000 and $200,000 from Xinzhongyang, respectively.
	Due from related party
	From time to time, BT Shantou receives advances from and makes advances to Xinzhongyang, for working capital purposes. At times the total payment the Company repaid to Xinzhongyang exceeds the total balance due to Xinzhongyang. Xinzhongyang is under the common control of Mr. Lin and his wife. At June 30, 2014 and December 31, 2013, amounts due from related party amounted to $2,934,613 and $1,630,580, respectively. The Company accounted for and presented the advances due from related party as a reduction of stockholders’ equity in accordance with the guidance of ASC 505-10-45. It is possible that these working capital advances by us to Xinzhongyang could be deemed to be in violation of Section 402 of the Sarbanes-Oxley Act of 2002, however, we have not made a determination as of the date hereof if the advances resulted in a violation of that provision. We expect that the working capital advance made by us to Xinzhongyang will be repaid. If, however, the amount is not repaid and/or it was determined that these advances violated the prohibitions of Section 402 from making loans to executive officers or directors, the Company could be subject to investigation and/or litigation that could involve significant time and costs and may not be resolved favorably. The Company is unable to predict the extent of its ultimate liability with respect to these transactions. The costs and other effects of any future litigation, government investigations, legal and administrative cases and proceedings, settlements, judgments and investigations, claims and changes in this matter could have a material adverse effect on the Company’s financial condition and operating results. For the six months ended June 30, 2014, due from related party activity consisted of the following:
	Balance, December 31, 2013	$   1,630,580
	Working capital advances to Xinzhongyang	1,745,349
	Repayments made by Xinzhongyang	(426,126)
	Effect of foreign currency exchange	(15,190)
	Balance, June 30, 2014	$   2,934,613
	Due to (from) related parties
	From time to time we received advances from or made advances to related parties for working capital purposes. The advances bear no interest and are payable on demand.  For the six months ended June 30, 2014, due to (from) related party activities consisted of the following:
		Wei Lin (1)	Chaojun Lin (2)	Total
	Balance, December 31, 2013	$      444,749	$    (292,943)	$      151,806
	Working capital advances	589,706	496,415	1,086,121
	Repayments	(583,191)	(162,874)	(746,065)
	Effect of foreign currency exchange	(3,253)	1,291	(1,962)
	Balance, June 30, 2014	$      448,011	$         41,889	$      489,900
	(1)       Mr. Wei Lin is our former chief executive officer and Chairman of the Board. He resigned his position in the company at June 2014, he works as a consultant to the company and he and his family owns more than 20% of the company’s common shares. At June 30, 2014 and December 31, 2013, balances due to Mr. Lin primarily consisted of advances for working capital.
	(2)       Mr. Chaojun Lin is the Deputy General Manager of BT Shantou since March 2004 and a member of our Board of Directors since December 30, 2011. The balance due from Mr. Chaojun Lin as December 31, 2013 amounted to $292,943 and was reflected on the consolidated balance sheet as due from related party in current assets and as disclosed above under "Due to (from) related parties". It is possible that these funds advance by us to him could be deemed to be in violation of Section 402 of the Sarbanes-Oxley Act of 2002. As of June, 2014, Mr. Chaojun Lin, the Deputy General Manager of BT Shantou and a member of our Board of Directors repaid to and advanced the Company RMB 3.05 million (approximately $496,415) of the working capital advances made by the Company to him of $292,943 at December 31, 2013. There is a balance of $41,889 due to Mr. Chaojun Lin at June 30, 2014.
	Operating lease– related party
	BT Shantou leases its principal executive offices and our first toy showroom for RMB 72,000 per annum from Yunjia, a company owned by Mr. Wei Lin and his wife, Guihong Zheng. During the three months ended June 30, 2014 and 2013, we paid Yunjia RMB18,000 and RMB 18,000 (approximately $2,920 and $2,868), respectively, in rent expense. During the six months ended June 30, 2014 and 2012, we paid Yunjia RMB 36,000 and RMB 36,000 (approximately $5,863 and $5,770), respectively, in rent expense. The lease expires on December 31, 2021.
	Effective October 1, 2012 we leased a second showroom in Shantou from Shantou Youbang International Supervise Center, Co., Ltd. (“Shantou Youbang”), a company owned by Ms. Guihong Zheng, Mr. Wei Lin’s wife, for an annual rent of RMB 1,440,000 (approximately $234,539). The lease of the showroom expires on December 31, 2017.  In connection with this lease, we paid a security deposit to Shantou Youbang of RMB360,000 ($58,487 and $58,916 at June 30, 2014 and December 31, 2013, respectively) which is reflected as a security deposit – related party on the accompanying unaudited consolidated balance sheets. During the three months ended June 30, 2014 and 2013, rent expense amounted to $58,404 and $58,041, respectively. During the six months ended June 30, 2014 and 2013, rent expense for the Shantou Youbang showroom amounted to $117,270 and $115,394, respectively.

Note_8_Convertible_Loans_Payab

Note 8 - Convertible Loans Payable	6 Months Ended
	Jun. 30, 2014
Note 8 - Convertible Loans Payable:	'
Note 8 - Convertible Loans Payable	'
	NOTE 8 – CONVERTIBLE LOANS PAYABLE
	On May 10, 2013 and May 21, 2013, the Company issued 2% convertible note agreements to China Direct Investments, Inc. (“CDI”) for principal amounts of $15,416 and $87,800, respectively, for an aggregate principal amount of $103,216 (the "CDI Convertible Notes"). CDI is entitled, at its option, at any time after the issuance of the CDI Convertible Notes, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of common stock equal to the 80% of the lowest trading price of any day during the 10 consecutive trading days prior to the date that CDI requests conversion. Pursuant to ASC Topic 470-20-525 (Debt with conversion and other options), since the CDI Convertible Notes had fixed conversion percentages of 80% of the stock price, the Company determined it had a fixed maximum amounts that can be settled for the debt. Accordingly, the Company accrued a put premium amount aggregating $25,804 since the CDI Convertible Notes are convertible for the conversion premium and recorded interest expense of $25,804. On January 30, 2014, the Company, CDI and JSJ Investments, Inc. (“JSJ”) entered into an assignment agreement, in which JSJ purchased the $87,800 convertible note issued by the Company to CDI dated on May 21, 2013 and the $15,416 convertible note dated on May 10, 2013.The Company issued a 12% replacement convertible note to JSJ (the “JSJ Replacement Note”) with the principal amount of $103,216, which is due on January 30, 2015. JSJ is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of common stock equal to the 45% of the average of three lowest biding price in the 20 consecutive trading days prior to the date that JSJ requests Conversion. Pursuant to ASC Topic 470-20-525 (Debt with conversion and other options), since the JSJ Replacement Note had fixed conversion percentages of 45% of the stock price, the Company determined it had a fixed maximum amounts that can be settled for the debt. Accordingly, the Company accrued a put premium amount aggregating $56,769 since the JSJ Replacement Note is convertible for the conversion premium and recorded interest expense of $56,769. During February and March 2014, JSJ has fully converted this note into 1,572,404 shares of the Company’s common stock at an average price of $0.07 per share. Accordingly, on the date of conversion, the put premium of $56,769 was reclassified to additional paid-in capital.
	On December 3, 2013, the Company issued a 12% convertible note to JSJ in the principal amount of $50,000. The principal amount is due on June 3, 2014. JSJ is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of common stock equal to a price which is 55% of the average of three lowest closing price in the 10 consecutive trading days prior to the day that JSJ requests conversion. The note has a cash redemption premium of 125% of the principal amount and may be prepaid at any time by the issuer. If an Event of Default occurs and is continuing for more than thirty days, the Holder of this Note may declare this entire Note, including any interest and Default Interest and other amount due, to be due and payable immediately. On June 3, 2014, JSJ has converted $27,014 of this note into 613,955 shares of the Company’s common stock at $0.044 per share. At June 30, 2014 and December 31, 2013, principal amount due under this convertible note amounted to $22,986 and $50,000, respectively.
	On December 17, 2013, the Company and Iconic Holdings, LLC (“Iconic”) entered into a note purchase agreement, providing the issuance of a 10% convertible promissory note with the principal amount of $52,500. The note is due on December 17, 2014. Iconic is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of common stock equal to the lower of $ 0.238 or 60% of the lowest trading price in the 15 consecutive trading days prior to the date that Iconic requests Conversion. If an Event of Default occurs and is continuing with respect to the Note, the Holder may declare all of the then outstanding Principal Amount of this Note, including any interest due thereon, to be due and payable immediately without further action or notice. In the event of such acceleration, the amount due and owing to the Holder shall be increased to one hundred and fifty percent (150%) of the outstanding Principal Amount of the Note held by the Holder plus all accrued and unpaid interest, fees, and liquidated damages, if any. Additionally, this Note shall bear interest on any unpaid principal from and after the occurrence and during the continuance of an Event of Default at a rate of twenty percent (20%). On June 23, 2014, Iconic has converted $25,700 of this note into 629,902 shares of the Company’s common stock at $0.0408 per share. At June 30, 2014 and December 31, 2013, principal amount due under this convertible note amounted to $29,514 and $50,000, respectively.
	On January 6, 2014, the Company, CDI and GEL Properties, LLC (“GEL”) entered into a debt purchase agreement, in which GEL purchased the assigned portion $5,000 under the $ 41,711 convertible note issued by the Company to CDI dated on May 2012 as well as a $20,000 convertible note dated in March 2012. The Company issued a 12% replacement convertible note to GEL (the “GEL” Replacement Convertible Note”) with the principal amount of $25,000, which is due on September 30, 2014. GEL is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of common stock equal to the 60% of the lowest closing price in the 5 consecutive trading days prior to the date that GEL requests conversion. Pursuant to ASC Topic 470-20-525 (Debt with conversion and other options), since the GEL Replacement convertible note had fixed conversion percentages of 60% of the stock price, the Company determined it had a fixed maximum amounts that can be settled for the debt. Accordingly, the Company accrued a put premium amount aggregating $10,000 since the GEL Replacement Convertible Note is convertible for the conversion premium and recorded interest expense of $10,000. In January and February 2014, GEL has fully converted this note into 230,678 shares of the Company’s common stock at an average price of $0.13 per share. Accordingly, on the date of conversion, the put premium of $10,000 was reclassified to additional paid-in capital.
	On January 6, 2014, the Company issued a 12% convertible note to GEL, with the principal amount of $25,000, which is due on September 30, 2014. GEL is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of common stock equal to the 60% of the lowest closing price in the 5 consecutive trading days prior to the date that GEL requests Conversion. During the first six months this Note is in effect, the Company may redeem this Note by paying to the Holder an amount as follows: (i) if the redemption is within the first 60 days this Note is in effect, then for an amount equal to 130% of the unpaid principal amount of this Note along with any prepaid and earned interest, (ii) if the redemption is after the 61st day this Note is in effect but less than the 120th day this Note is in effect, then for an amount equal to 140% of the unpaid principal amount of this Note along with any prepaid and earned interest, (iii) if the redemption is after the 121st day this Note is in effect but less than the 180th day this Note is in effect, then for an amount equal to 150% of the unpaid principal amount of this Note along with any prepaid and earned interest. This Note may not be redeemed after 180 days. Upon an Event of Default, interest shall be accrued at a default interest rate of 24% per annum or, if such rate is usurious or not permitted by current law, then at the highest rate of interest permitted by law; GEL may consider this Note immediately due and payable. Pursuant to ASC Topic 470-20-525 (Debt with conversion and other options), since this GEL convertible note had fixed conversion percentages of 60% of the stock price, the Company determined it had a fixed maximum amounts that can be settled for the debt. Accordingly, the Company accrued a put premium amount aggregating $10,000 since this GEL Convertible Note is convertible for the conversion premium and recorded interest expense of $10,000. At June 30, 2014, principal amount due under this convertible note amounted to $25,000.
	On January 6, 2014, the Company issued a 12% convertible note to LG Capital Funding, LLC (“LG”), with the principal amount of $50,000, which is due on September 30, 2014. LG is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of common stock equal to the 50% of the average of two lowest closing price in the 10 consecutive trading days prior to the date that LG requests Conversion. During the first six months this Note is in effect, the Company may redeem this Note by paying to the Holder an amount as follows:  (i) if the redemption is within the first 60 days this Note is in effect, then for an amount equal to 130% of the unpaid principal amount of this Note along with any prepaid and earned interest, (ii) if the redemption is after the  61st day this Note is in effect but less than the 120th day this Note is in effect, then for an amount equal to 140% of the unpaid principal amount of this Note along with any prepaid and earned interest, (iii) if the redemption is after the  121st day this Note is in effect but less than the 180th day this Note is in effect, then for an amount equal to 150% of the unpaid principal amount of this Note along with any prepaid and earned interest.  This Note may not be redeemed after 180 days. Upon an Event of Default, interest shall be accrued at a default interest rate of 24% per annum or, if such rate is usurious or not permitted by current law, then at the highest rate of interest permitted by law; LG may consider this Note immediately due and payable. Pursuant to ASC Topic 470-20-525 (Debt with conversion and other options), since this LG convertible note had fixed conversion percentages of 50% of the stock price, the Company determined it had a fixed maximum amounts that can be settled for the debt. Accordingly, the Company accrued a put premium amount aggregating $25,000 since this LG convertible note is convertible for the conversion premium and recorded interest expense of $25,000. At June 30, 2014, principal amount due under this convertible note amounted to $50,000. None of this note has been converted as of June 30, 2014.
	On January 7, 2014, the Company, CDI and LG entered into a debt purchase agreement, in which LG purchased the assigned portion of $ 36,711 under the $ 41,711 convertible note issued by the Company to CDI dated in May 2012. The Company issued a 12% replacement convertible note to LG (the “LG Replacement Note”) with the principal amount of $36,711, which is due on September 30, 2014. LG is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of common stock equal to the 50% of the average of two lowest closing price in the 10 consecutive trading days prior to the date that LG requests Conversion. Pursuant to ASC Topic 470-20-525 (Debt with conversion and other options), since the LG Replacement Note had fixed conversion percentages of 50% of the stock price, the Company determined it had a fixed maximum amounts that can be settled for the debt. Accordingly, the Company accrued a put premium amount aggregating $18,356 since the LG Replacement Note is convertible for the conversion premium and recorded interest expense of $18,356. During January 2014, LG has fully converted this note into 376,426 shares of the Company’s common stock at an average price of $0.10 per share. Accordingly, on the date of conversion, the put premium of $18,356 was reclassified to additional paid-in capital.
	On January 30, 2014, the Company and Asher Enterprises, Inc. (“Asher”) entered into a security purchase agreement, and issued an 8% convertible note with the principal amount of $93,500, which is due on October 21, 2014. Asher is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of common stock equal to the 58% of the average of three lowest trading price in the 10 consecutive trading days prior to the date that Asher requests Conversion. Any amount of principal or interest of this Note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid. Upon an event of default, the Note shall become immediately due and payable and the Company shall pay to Asher in full satisfaction of its obligations. Pursuant to ASC Topic 470-20-525 (Debt with conversion and other options), since the Asher convertible note had fixed conversion percentages of 58% of the stock price, the Company determined it had a fixed maximum amounts that can be settled for the debt. Accordingly, the Company accrued a put premium amount aggregating $39,270 since the Asher convertible note is convertible for the conversion premium and recorded interest expense of $39,270. At June 30, 2014, principal amount due under this convertible note amounted to $93,500. None of this note has been converted as of June 30, 2014.
	On February 13, 2014, the Company issued a 12% convertible note to JSJ, with the principal amount of $125,000, which is due on July 30, 2014. JSJ is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of common stock equal to 45% of the average of lowest bid price for the 20 consecutive trading days prior to the date that JSJ requests conversion. This note has a cash redemption premium of 150% of the principal amount only upon approval and acceptance by JSJ, Any amount of principal on this Note which is not paid when due shall bear twelve percent (12%) interest per annum from the date thereof until the same is paid. If the Company fails to deliver the shares as requested in a conversion notice and within three business days of the receipt thereof, there shall accrue a penalty of additional shares due to JSJ equal to 25% of the number stated in the conversion notice beginning on the fourth business day after the date of the notice. The additional shares shall be issued and the amount of the note retired will not be reduced beyond that stated in the conversion notice. Each additional business day beyond the fourth business day after the date of this notice shall accrue an additional 25% penalty for delinquency, without any corresponding reduction in the amount due under the note, for so long as Company fails to provide the shares so demanded. If an event of default occurs and is continuing, JSJ may declare the entire note, including any interest and default interest and other amounts due, to be due and payable immediately. Pursuant to ASC Topic 470-20-525 (Debt with conversion and other options), since the Asher convertible note had fixed conversion percentages of 45% of the stock price, the Company determined it had a fixed maximum amounts that can be settled for the debt. Accordingly, the Company accrued a put premium amount aggregating $68,750 since the JSJ convertible note is convertible for the conversion premium and recorded interest expense of $68,750. At June 30, 2014, principal amount due under this convertible note amounted to $125,000. None of this note has been converted as of June 30, 2014.
	On March 17, 2014, the Company and LG entered a security purchase agreement and issued an 8% convertible note in the principal amount of $40,000, which is due on February 25, 2015. LG is entitled, at its option, at any time after the issuance of this note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of common stock equal to the 60% of the average of lowest closing price during the 15 consecutive trading days prior to the date that LG requests conversion. During the first 180 days this Note is in effect, the Company may redeem this note by paying to LG an amount equal to 150% of the unpaid principal amount of this note along with any prepaid and earned interest. This note may not be redeemed after 180 days. Upon an event of default, interest shall be accrued at a default interest rate of 24% per annum or, if such rate is usurious or not permitted by current law, then at the highest rate of interest permitted by law; LG may consider this Note immediately due and payable. Pursuant to ASC Topic 470-20-525 (Debt with conversion and other options), since this LG convertible note had fixed conversion percentages of 60% of the stock price, the Company determined it had a fixed maximum amounts that can be settled for the debt. Accordingly, the Company accrued a put premium amount aggregating $16,000 since this LG convertible note is convertible for the conversion premium and recorded interest expense of $16,000. At June 30, 2014, principal amount due under this convertible note amounted to $40,000. None of this note has been converted as of June 30, 2014.
	On March 17, 2014, the Company and Union Funding, LLC (“UF”) entered into a security purchase agreement, and issued an 8% convertible note with the principal amount of $20,000, which is due on March 12, 2015. UF is entitled, at its option, at any time after the issuance of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into the Company’s common stock at a conversion price for each share of common stock equal to the 50% of the lowest closing price during the 15 consecutive trading days prior to the date that UF requests conversion. Upon an event of default, interest shall be accrued at a default interest rate of 24% per annum or, if such rate is usurious or not permitted by current law, then at the highest rate of interest permitted by law; UF may consider this note immediately due and payable. Pursuant to ASC Topic 470-20-525 (Debt with conversion and other options), since this UF convertible note had fixed conversion percentages of 50% of the stock price, the Company determined it had a fixed maximum amounts that can be settled for the debt. Accordingly, the Company accrued a put premium amount aggregating $10,000 since this UF convertible note is convertible for the conversion premium and recorded interest expense of $10,000. At June 30, 2014, principal amount due under this convertible note amounted to $20,000. None of this note has been converted as of June 30, 2014.
	In connection with the issuance of the 2013 JSJ and Iconic convertible notes above, the Company determined that the terms of the convertible notes include a down-round provision under which the conversion price and exercise price could be affected by future equity offerings undertaken by the Company or contain terms that are not fixed monetary amounts at inception. Accordingly, under the provisions of FASB ASC Topic No. 815-40, “Derivatives and Hedging – Contracts in an Entity’s Own Stock”, the convertible instruments were accounted for as a derivative liabilities at the date of issuance and adjusted to fair value through earnings at each reporting date. The Company has recognized derivative liabilities of $34,195 and $182,096 at June 30, 2014 and December 31, 2013, respectively. The gain resulting from the decrease in fair value of these convertible instruments was $147,901 and $0 for the six months ended June 30, 2014 and 2013, respectively.
	The Company used the following range of assumptions for determining the fair value of the convertible instruments at inception and as of June 30, 2014 under the Black-Scholes option pricing model:
	Dividend rate	0%
	Term (in years)	0.1 to 0.5 years
	Volatility	118%
	Risk-free interest rate	0.07% – 0.11%
	At June 30, 2014 and December 31, 2013, aggregate convertible loans payable consisted of the following:
		June 30,	December 31,
		2014	2013
	Convertible notes payable	$        403,286	$      205,716
	Put premium	169,020	0
	Total	$        572,306	$      205,716

Note_9_Other_Payables

Note 9 - Other Payables	6 Months Ended
	Jun. 30, 2014
Note 9 - Other Payables:	'
Note 9 - Other Payables	'
	NOTE 9 - OTHER PAYABLES
	On June 30, 2014, other payables of $437,410 consisted of accrued shipping expense, accrued interest and penalties, and employee benefit expense. On December 31, 2013, other payables of $569,995 consisted of accrued consulting fee, accrued shipping expense, accrued interest and penalties and employee benefit expense.

Note_10_Concentrations_and_Cre

Note 10- Concentrations and Credit Risk	6 Months Ended
	Jun. 30, 2014
Note 10- Concentrations and Credit Risk:	'
Note 10- Concentrations and Credit Risk	'
	NOTE 10– CONCENTRATIONS AND CREDIT RISK
	(i)    Customer Concentrations
	Customer concentrations for the six months ended June 30, 2014 and 2013 and as of June 30, 2014 and December 31, 2013, were as follows:
		Net Sales		Accounts Receivable
		For six months ended June 30		June 30,	December 31,
		2014	2013	2014	2013
	Always Trading International Limited	44.7%	21.9%	0	30.5%
	Poundland Far East Ltd	6.5%	10.8%	10.6%	5.9%
	Total	51.2%	32.7%	10.6%	36.4%
	A reduction in sales from or loss of such customers would have a material adverse effect on our results of operations and financial condition.
	(ii)    Vendor Concentrations
	Vendor purchase concentrations for June 30, 2014 and 2013 and as of June 30, 2014 and December 31, 2013, were as follows:
		Net Purchases		Accounts Payable
		For six months ended June 30		June 30,	December 31,
		2014	2013	2014	2013
	Jiada Toys	3.9%	10.1%	18.1%	11.0%
	Changtai Toys (Prosperous Toys)	44.2%	45.8%	49.7%	28.9%
	Yintai International (Win Tide)	31.4%	29.4%	23.0%	6.3%
	Guangdong Chenghai Xiongcheng Plastic Toys	1.5%	2.5%	0	18.3%
	Total	81.0%	87.8%	90.8%	64.5%
	(iii)    Credit Risk
	The Company's operations are carried out in the PRC. Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC's economy. The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America. The Company's results may be adversely affected 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.
	Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and trade accounts receivable. Substantially all of the Company’s cash is maintained with state-owned banks within the PRC, the currency of which is not free trading, and no deposits are covered by insurance. Foreign exchange transactions are required to be conducted through institutions authorized by the Chinese government and there is no guarantee that Chinese currency can be converted to U.S. or other currencies. We have not experienced any losses in such accounts and believe we are not exposed to any risks on its cash in bank accounts.
	At June 30, 2014 and December 31, 2013, the Company’s cash balances by geographic area were as follows:
	Country:	30-Jun-14		31-Dec-13
	PRC	$              6,768	23.3%	$         211,352	95.8%
	United States	0	0	3,852	1.8%
	Hong Kong	22,238	76.7%	5,381	2.4%
	Total cash and cash equivalents	$           29,006	100.0%	$         220,585	100.0%
	(iv) Foreign currency risk
	We cannot guarantee that the current exchange rate will not fluctuate. There is always the possibility that we could post the same amount of profit for two comparable periods, and because of a fluctuating exchange rate actually post higher or lower profit depending on exchange rate of RMB converted to U.S. dollars on that date. The exchange rate could fluctuate depending on changes in the political and economic environments without notice.

Note_11_Stockholders_Equity

Note 11 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2014
Note 11 - Stockholders' Equity:	'
Note 11 - Stockholders' Equity	'
	NOTE 11 - STOCKHOLDERS’ EQUITY
	Preferred Stock
	The Company is authorized to issue 20,000,000 shares of Preferred Stock, no par value, with such designations, rights and preferences as may be determined from time to time by the Board of Directors.
	Common Stock
	The Company is authorized to issue 100,000,000 shares of Common Stock; $0.00001 par value.  As of June 30, 2014 and December 31, 2013, there were 14,273,557 and 10,350,192 shares of common stock issued and outstanding, respectively.
	Common stock issued for services
	On January 3, 2013, we entered into a consulting agreement with Dore Perler to engage Mr. Perler to provide us with sales consulting and managerial services related to our operations in North America for a period ending on January 31, 2014. The consulting agreement provides that we shall issue Pearl Group 150,000 shares of our post-reverse-split common stock. Such shares were issued on March 28, 2013. The Company valued these common shares at the fair value of $0.63 per common share based on the quoted trading price of the common stock on the grant date which is the measurement date. In connection with issuance of these common shares, for the six months ended June 30, 2013, the Company recorded stock-based compensation of $94,501.
	Common stock issued for accounts payable
	At June 24, 2014, the Company issued 500,000 common shares to Dore Perler as the payment for services rendered in 2013 and owed to the consultant at December 31, 2013. The Company valued these common shares at the fair value on the date of grant of $0.056 per common share with the total amount of $27,858.
	Common stock issued for notes conversion
	During the six months ended June 30, 2014, the Company issued 3,423,365 shares of its common stock upon the conversion of debt and interest payable aggregating $217,876.

Note_12_Restatement

Note 12 - Restatement	6 Months Ended
	Jun. 30, 2014
Note 12 - Restatement:	'
Note 12 - Restatement	'
	NOTE 12 - RESTATEMENT
	The Company’s unaudited condensed consolidated financial statements have been restated as of June 30, 2013 and for the three and six months ended June 30, 2013. Based upon analysis of our current tax research and interpretations of China tax regulations, we have determined that our subsidiary, Big Tree International Co., Ltd., a Brunei company, may be considered a non-resident PRC company and may be subject to China income taxes and other payroll benefit taxes. Accordingly, we have decided to accrue China income taxes and payroll benefit taxes pursuant to China tax regulations. At June 30, 2013, we increased our current liabilities by $1,544,401, reduced net income by $199,400 or $0.02 per common share (basic and diluted), and $299,329 or $0.03 per common share (basic and diluted) for the three and six months ended June 30, 2013, respectively, to reflect the accrual of income taxes, payroll benefit taxes and all related estimated penalties and interest, we reduced beginning retained earnings by $1,208,543 to reflect the accrual of such taxes and penalties for the 2012 and 2011 period, and decreased accumulated other comprehensive income by $36,529. Currently, we are reviewing our corporate tax structure and plan on restructuring our tax structure to ensure that Big Tree International Co., Ltd. is not subject to such taxes in China.
	Accordingly, the Company’s unaudited condensed consolidated balance sheet at June 30, 2013 and for the three and six months ended June 30, 2013, the unaudited condensed consolidated statement of operation and comprehensive income (loss) have been restated herein. The effect of this restatement in our unaudited condensed consolidated financial statements at June 30, 2013 and for the three and six months ended June 30, 2013 are shown in the table as follows:
	Consolidated balance sheet data
		30-Jun-13
		As previously reported	Adjustments to Restate	As Restated
	Total Assets	$   13,351,392	$                     0	$   13,351,392
	Salaries and related benefits payable (a)	$           68,134	$        260,897	$        329,031
	Other payables (a)	13,292	304,484	317,776
	Taxes payable (a)	0	979,020	979,020
	Total Current Liabilities	11,795,070	1,544,401	13,339,471
	Total Liabilities	11,795,070	1,544,401	13,339,471
	Stockholders’ Equity (Deficit):
	Common stock ($0.00001 par value; 100,000,000 shares authorized; 10,350,192 shares issued and outstanding at June 30, 2013)	104	0	104
	Additional paid-in capital	302,399	0	302,399
	Retained earnings (a)	3,061,883	(1,507,872)	1,554,011
	Accumulated other comprehensive income (loss) (a)	67,633	(36,529)	31,104
	Advance due from related party	(1,875,697)	0	(1,875,697)
	Total Stockholders’ Equity (Deficit)	1,556,322	(1,544,401)	11,921
	Total Liabilities and Stockholders’ Equity	$   13,351,392	$                     0	$   13,351,392
	(a)	To increase current liabilities by $1,544,401, to reduce net income by $199,400 and $299,329 for the three and six months ended June 30, 2013 to reflect the accrual of income taxes, payroll benefit taxes and all related estimated penalties and interest, to reduce beginning retained earnings by $1,208,543 to reflect the accrual of such taxes and penalties for the 2012 and 2011 period, and to decrease accumulated other comprehensive income by $36, 529.
	Consolidated statement of operations and comprehensive income (loss)	For the Three Months Ended
		30-Jun-13
		As previously reported	Adjustments to Restate	As Restated
	Gross profit	$        889,136	$                       0	$           889,136
	Operating expenses (a)	453,334	41,983	495,317
	Operating income	435,802	(41,983)	393,819
	Other income (expenses) (a)	(102,329)	(53,988)	(156,317)
	Income before income taxes	333,473	(95,971)	237,502
	Income taxes (a)	0	(103,429)	(103,429)
	Net income (loss)	333,473	(199,400)	134,073
	Foreign currency translation income (a)	53,392	(21,559)	31,833
	Comprehensive Income (loss):	$        386,865	$         (220,959)	$           165,906
	Net Income (Loss) Per Common Share
	Basic	$               0.03	$                (0.02)	$                  0.01
	Diluted	$               0.03	$                (0.02)	$                  0.01
	Consolidated statement of operations and comprehensive income (loss)	For the Six Months Ended
		30-Jun-13
		As previously reported	Adjustments to Restate	As Restated
	Gross profit	$     1,583,786	$                     0	$          1,583,786
	Operating expenses (a)	999,928	78,710	1,078,638
	Operating income	583,858	(78,710)	505,148
	Other income (expenses)(a)	(185,004)	(59,866)	(244,870)
	Income before income taxes	398,854	(138,576)	260,278
	Income taxes (a)	0	(160,753)	(160,753)
	Net income (loss)	398,854	(299,329)	99,525
	Foreign currency translation income (a)	70,930	(28,423)	42,507
	Comprehensive income (loss):	$        469,784	$      (327,752)	$             142,032
	Net Income (Loss) Per Common Share
	Basic	$               0.04	$             (0.03)	$                    0.01
	Diluted	$               0.04	$             (0.03)	$                    0.01
	(a)	To reduce net income by $199,400 and $299,329 for the three and six months ended June 30, 2013 to reflect the accrual of income taxes, payroll benefit taxes and all related estimated penalties and interest and to decrease foreign currency translation income by $21,559 and $28,423 for the three and six months ended June 30, 2013, respectively.
	There was no change to the components of our previous reported consolidated statement of cash flows for the six months ended June 30, 2013.

Note_13_Subsequent_Events

Note 13 - Subsequent Events	6 Months Ended
	Jun. 30, 2014
Note 13 - Subsequent Events:	'
Note 13 - Subsequent Events	'
	NOTE 13 – SUBSEQUENT EVENTS
	On July 8, 2014, we issued a 12% convertible promissory note with the principal amount of $37,500 to Beaufort Capital Partners LLC (“Beaufort”). The note is due on January 8, 2015. Beaufort is entitled, at its option, at any time after the maturity date of this Note, to convert all or any lesser portion of the outstanding principal amount and accrued but unpaid interest into our common stock at a conversion price for each share of common stock equal to 50% of the lowest trading price in the 20 consecutive trading days prior to the date that Beaufort requests Conversion. If an Event of Default occurs and is continuing with respect to the Note, the Holder may declare all of the then outstanding Principal Amount of this Note, including any interest due thereon, to be due and payable immediately without further action or notice.
	On July 7 and July 30, 2014, JSJ fully converted a $50,000 note, dated December 3, 2013, into 674,904 and 483,906 shares of our common stock, respectively.
	On July 10, AND July 28, 2014 , LG partially converted a $50,000 note, dated January 6, 2014, into 587,928 and 644,045 shares of our common stock, respectively. The remaining principal balance of this note is $29,000.
	On July 15, July 21, July 28 and August 1, 2014, GEL fully converted a $25,000 note, dated January 6, 2014, into 248,139, 476,190, 796,171 and 606,796 shares of our common stock, respectively. The remaining balance of this note is $3,0.
	On July 31, 2014, Asher partially converted a $93,500 note, dated, January 30, 2014, into 1,251,460 shares of our common stock.
	On July 22 and August 1, 2014, Iconic fully converted a $52,500 note, dated December 17, 2013, into 1,395,311 shares of our common stock, respectively.

Note_2_Summary_of_Significant_1

Note 2 - Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Foreign Currency Translation	'
	Foreign Currency Translation
	The reporting currency of the Company is the U.S. dollar. Our functional currency is the Chinese Renminbi (“RMB”). In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 830-20-35, the unaudited consolidated financial statements were translated into United States dollars using balance sheet date rates of exchange for assets and liabilities, results of operations and cash flows are translated at average exchange rates during period, and equity is translated at historical exchange rates.  Net gains and losses resulting from foreign exchange transactions were included in the unaudited condensed consolidated statements of operations and comprehensive loss.  Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in other comprehensive income or loss within the shareholders’ equity.
	RMB is not a fully convertible currency. All foreign exchange transactions involving RMB must take place either through the People’s Bank of China (the “PBOC”) or other institutions authorized to buy and sell foreign exchange. The exchange rate adopted for the foreign exchange transactions are the rates of exchange quoted by the PBOC, which are determined largely by supply and demand. Translation of amounts from RMB into United States dollars (“$”) was made at the following exchange rates for the respective periods:
	Balance sheet:
	As of June 30, 2014	RMB 6.1552 to $1.00
	As of December 31, 2013	RMB 6.1104 to $1.00
	Statement of operations and comprehensive income (loss) and cash flows:
	Six months ended June 30, 2014	RMB 6.1397 to $1.00
	Six months ended June 30, 2013	RMB 6.2395 to $1.00
	Cash flows from the Company's operations are calculated based upon the local currencies using the average translation rate. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheets.

Note_2_Summary_of_Significant_2

Note 2 - Summary of Significant Accounting Policies: Use of Estimates (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Use of Estimates	'
	Use of estimates
	The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.  Significant estimates for the three and six months ended June 30, 2014 and 2013 include the allowance for doubtful accounts on accounts receivable, allowance for obsolete inventory, the useful life of property and equipment and intangible assets, the valuation of derivative liability, and the valuation of stock-based compensation.

Note_2_Summary_of_Significant_3

Note 2 - Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Fair Value of Financial Instruments	'
	Fair value of financial instruments
	We adopted the guidance of ASC 820 for fair value measurements which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:
	Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.
	Level 2-Inputs are quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.
	Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.
	The carrying amounts reported in the balance sheets for cash, accounts receivable, accounts payable and accrued expenses, and loans payable approximate their fair market value based on the short-term maturity of these instruments. We did not identify any assets or liabilities that are required to be presented on the balance sheets at fair value in accordance with the accounting guidance.
	ASC 825-10 “Financial Instruments”, allows entities to voluntarily choose to measure certain financial assets and liabilities at fair value (fair value option). The fair value option may be elected on an instrument-by-instrument basis and is irrevocable, unless a new election date occurs. If the fair value option is elected for an instrument, unrealized gains and losses for that instrument should be reported in earnings at each subsequent reporting date. We did not elect to apply the fair value option to any outstanding instruments.
	The following table reflects changes for six months ended June 30, 2014 for all financial assets and liabilities categorized as Level 3 as of June 30, 2014.
	Liabilities:
	Balance of derivative liabilities as of December 31, 2013	$     182,096
	Reclassification of derivative liability and put premium to paid-in capital upon debt conversion	(44,573)
	Gain from change in the fair value of derivative liabilities	(103,328)
	Balance of derivative liabilities as of June 30, 2014	$        34,195

Note_2_Summary_of_Significant_4

Note 2 - Summary of Significant Accounting Policies: Reclassifications (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Reclassifications	'
	Reclassifications
	Certain reclassifications have been made in prior year’s financial statements to conform to the current year’s financial presentation.

Note_2_Summary_of_Significant_5

Note 2 - Summary of Significant Accounting Policies: Cash and Equivalents (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Cash and Equivalents	'
	Cash and equivalents
	For purposes of the consolidated statements of cash flows, we consider all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents. We maintain cash and cash equivalents with various financial institutions mainly in the PRC and Hong Kong. Balances in banks in the PRC and Hong Kong are uninsured.

Note_2_Summary_of_Significant_6

Note 2 - Summary of Significant Accounting Policies: Restricted Cash (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Restricted Cash	'
	Restricted Cash
	Cash and cash equivalents that are restricted as to withdrawal or use under the terms of short-term contractual agreements are recorded in current assets on our balance sheet. Our restricted cash balances primarily include cash collateral required to be held against loans from Guangfa Bank Co., Ltd. Shantou Zhongshan Branch. As of June 30, 2014 and December 31, 2013, the restricted cash account totaled $167,338 and $4,910, respectively.

Note_2_Summary_of_Significant_7

Note 2 - Summary of Significant Accounting Policies: Accounts Receivables (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Accounts Receivables	'
	Accounts receivables
	Accounts receivables are recorded at the invoiced amount, net of an allowance for doubtful accounts. The allowance for doubtful accounts reflects our best estimate of the amount of probable credit losses in our existing accounts receivable. We determined the allowance based on historical write-off experience, customer specific facts and economic conditions. Bad debt expense is included in general and administrative expense. Outstanding account balances are reviewed individually for collectability. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. As of June 30, 2014 and December 31, 2013, the allowance for doubtful account totaled $288,009 and $291,011, respectively.

Note_2_Summary_of_Significant_8

Note 2 - Summary of Significant Accounting Policies: Inventories (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Inventories	'
	Inventories
	We value inventories, consisting of finished goods only, at the lower of cost or market value. Cost is determined on the first in-first out method. We regularly review our inventories on hand and, when necessary, record a provision for excess or obsolete inventories based primarily on the current selling price. For the six months ended June 30, 2014 and 2013, there were no charges for inventory reserve provision.

Note_2_Summary_of_Significant_9

Note 2 - Summary of Significant Accounting Policies: Prepaid Expenses (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Prepaid Expenses	'
	Prepaid expenses
	Prepaid expenses primarily consist of prepaid advertising expenses and prepaid taxes.

Recovered_Sheet1

Note 2 - Summary of Significant Accounting Policies: Advance To Suppliers (related and Non-related Parties) (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Advance To Suppliers (related and Non-related Parties)	'
	Advance to suppliers (related and non-related parties)
	Advance to suppliers consist of advance to suppliers for merchandise that had not yet been shipped.

Recovered_Sheet2

Note 2 - Summary of Significant Accounting Policies: Property and Equipment (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Property and Equipment	'
	Property and equipment
	Property and equipment are recorded at cost.  Expenditures for major additions and betterments are capitalized. Maintenance and repairs are expensed as incurred.  Depreciation of property and equipment is computed by the straight-line method (after taking into account their respective estimated residual values) over the assets estimated useful lives.  Upon sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in operations. Leasehold improvements, if any, are amortized on a straight-line basis over the lease period or the estimated useful life, whichever is shorter.  Upon becoming fully amortized, the related cost and accumulated amortization are removed from the accounts.

Recovered_Sheet3

Note 2 - Summary of Significant Accounting Policies: Impairment of Long-lived Assets (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Impairment of Long-lived Assets	'
	Impairment of long-lived assets
	In accordance with ASC 360, our long-lived assets, which include property and equipment, and automobiles are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. We assess the recoverability of our long-lived assets by comparing the projected undiscounted net cash flows associated with the related long-lived asset or group of long-lived assets over their remaining estimated useful lives against their respective carrying amounts.  Impairment, if any, is based on the excess of the carrying amount over the fair value of those assets.  Fair value is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable. If long-lived assets are determined to be recoverable, but the newly determined remaining estimated useful lives are shorter than originally estimated, the net book values of the long-lived assets are depreciated over the newly determined remaining estimated useful lives. We determined there were no impairments of long-lived assets as of June 30, 2014 and December 31, 2013.

Recovered_Sheet4

Note 2 - Summary of Significant Accounting Policies: Advance From Customers (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Advance From Customers	'
	Advance from customers
	Advance from customers represent prepayments to us for merchandise that had not yet been shipped to customers. Advance from customers amounted to $221,702 and $124,851 as of June 30, 2014 and December 31, 2013, respectively.

Recovered_Sheet5

Note 2 - Summary of Significant Accounting Policies: Revenue Recognition (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Revenue Recognition	'
	Revenue recognition
	We follow the guidance of ASC 605, "Revenue Recognition,” and the Securities and Exchange Commission's Staff Accounting Bulletin (“SAB”) No. 104 and SAB Topic 13 for revenue recognition. Revenues for our product sales are recognized when all four of the following criteria are met: (i) persuasive evidence of an arrangement exists through a formal purchase order or contract; (ii) delivery of the products has occurred and risks and rewards of ownership have passed to the customer; (iii) the selling price is both fixed and determinable based on agreement between us and our customer; and (iv) collectability is reasonably assured. For any advance payments from customers, revenues are deferred until such a time when all the four criteria mentioned above are fully met.
	Revenue is accounted for in accordance with the ASC 605-45, reporting revenue either gross as a principal or net as an agent depending upon the nature of the sales transaction. Revenue is recognized on a gross basis when the Company determines the sale meets the conditions of ASC 605-45, “Reporting Revenue Gross as a Principal versus Net as an Agent.” When the Company does not meet the criteria for gross revenue recognition under ASC 605-45, the Company reports the revenue on a net basis.
	In accordance with ASC 605-45-45, “Principal Considerations - Other Presentation Matters”, we report our revenues from sales of toys as follows:
	Revenue Recognition (1)
		For the three months ended June 30,2014			For the three months ended June 30,2013
	Allocation of Revenues	Gross Method	Net Method	Total	Gross Method	Net Method	Total
	Revenues, excluding  sales reported on net basis	$  4,746,944	$                 0	$  4,746,944	$  11,844,100	$                 0	$    11,844,100
	Net Revenues from sales reported on net basis	0	84,768	84,768	0	19,174	19,174
	Total Revenues	$  4,746,944	$       84,768	$  4,831,712	$  11,844,100	$       19,174	$    11,863,274
	Revenue Recognition (1)
		For the Six Months Ended June 30, 2014			For the Six Months Ended June 30, 2013
	Allocation of Revenues	Gross Method	Net Method	Total	Gross Method	Net Method	Total
	Revenues, excluding  sales reported on net basis	$  9,177,490	$                 0	$  9,177,490	$  19,247,073	$                 0	$    19,247,073
	Net Revenues from sales reported on net basis	0	422,877	422,877	0	63,902	63,902
	Total Revenues	$  9,177,490	$     422,877	$  9,600,367	$  19,247,073	$       63,902	$    19,310,975
	(1)           Certain revenues from our sales are based on a net reporting because they do not meet the criteria for
	gross reporting method pursuant to ASC 605-45-45.  This means that all cost of purchases from those sales will be netted with the sales revenues generated by the sale of those toys. All other revenues from sales are based on gross reporting pursuant to criteria outlined in ASC 605-45-45, as follows:
	-               we are the primary obligor to provide the product or services desired by our customers;
	-               we have discretion in supplier selection.
	-               we have latitude in establishing price;
	-               we have credit risk - see Note 9 for customer concentrations and credit risk; and
	-               we have inventory risk before customer order and upon customer return;

Recovered_Sheet6

Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Income Taxes	'
	Income taxes
	We account for income taxes under ASC 740, “Expenses – Income Taxes”. ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and the tax basis of assets and liabilities, and for the expected future tax benefit to be derived from tax losses and tax credit carry forwards. ASC 740 additionally requires the establishment of a valuation allowance to reflect the likelihood of realization of deferred tax assets.
	The Company is governed by the U.S. Internal Revenue Code of 1986, as amended.
	All of BT Shantou operations are in the PRC and are subject to China’s Unified Corporate Income Tax Law (the “EIT Law”) which became effective in January 2008. The EIT Law established a single unified 25% income tax rate for most companies, including BT Shantou in China.
	BT Brunei was incorporated in the State of Brunei Darussalam, and may be subject to China incomes taxes pursuant to EIT Law as a non-resident company.
	We applied the provisions of ASC 740-10-50, “Accounting for Uncertainty in Income Taxes”, which provides clarification related to the process associated with accounting for uncertain tax positions recognized in our financial statements. Audit periods remain open for review until the statute of limitations has passed. The completion of review or the expiration of the statute of limitations for a given audit period could result in an adjustment to the Company’s liability for income taxes. Any such adjustment could be material to the Company’s results of operations for any given quarterly or annual period based, in part, upon the results of operations for the given period. As of June 30, 2014, we had accrued China income taxes on taxable income generated by BT Brunei as a non-resident China company. We have not paid such taxes and we are reviewing our corporate tax structure and plan on restructuring our tax structure to ensure that BT Brunei is not subject to such taxes in China. There is no assurance that we can reach such a conclusion and we may be required to pay such income taxes. We had no other uncertain tax positions, and will continue to evaluate for uncertain positions in the future.

Recovered_Sheet7

Note 2 - Summary of Significant Accounting Policies: Value Added Taxes (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Value Added Taxes	'
	Value added taxes
	Pursuant to the Provisional Regulation of China on Value Added Tax ("VAT", and their rules, all entities and individuals that are engaged in the sale of goods in China are generally required to pay VAT at a rate of 17.0% of the gross sales proceeds received, less any deductible VAT already paid or borne by the taxpayer. Further, when exporting goods, the exporter is entitled to a portion of or a full refund of the VAT that it has already paid or borne.

Recovered_Sheet8

Note 2 - Summary of Significant Accounting Policies: Shipping Costs (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Shipping Costs	'
	Shipping costs
	For the three months ended June 30, 2014 and 2013, shipping costs are included in selling expenses and totaled $21,307 and $42,896, respectively. Shipping costs amounted to $31,098 and $56,068 for the six months ended June 30, 2014 and 2013, respectively.

Recovered_Sheet9

Note 2 - Summary of Significant Accounting Policies: Advertising (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Advertising	'
	Advertising
	Advertising is expensed as incurred and is included in selling expenses on the accompanying consolidated statements of operations and comprehensive income. For the three months ended June 30, 2014 and 2013, advertising expense amounted to $26,070 and $27,326, respectively. For the six months ended June 30, 2014 and 2013, advertising expense amounted to $43,709 and $45,800, respectively.

Recovered_Sheet10

Note 2 - Summary of Significant Accounting Policies: Comprehensive (loss) Income (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Comprehensive (loss) Income	'
	Comprehensive (loss) income
	Comprehensive (loss) income consists of net (loss) income and foreign currency translation adjustments, and is presented in our Unaudited Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income.

Recovered_Sheet11

Note 2 - Summary of Significant Accounting Policies: Net Income (loss) Per Share of Common Stock (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Net Income (loss) Per Share of Common Stock	'
	Net income (loss) per share of common stock
	Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted net income per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. Potentially dilutive common shares consist of common stock issuable upon conversion of outstanding convertible debt (using the as-if converted method). Common stock equivalents may be dilutive in the future. All potentially dilutive common shares were excluded from the computation of diluted shares outstanding as they would have an anti-dilutive impact on the Company’s net loss and consisted of the following:
		Six Months Ended June 30,
		2014	2013
	Convertible notes	12,427,099	-
	Total	12,427,099	-

Recovered_Sheet12

Note 2 - Summary of Significant Accounting Policies: Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2014
Policies	'
Recently Issued Accounting Pronouncements	'
	Recently issued accounting pronouncements
	In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), which supersedes the revenue recognition requirements in Topic 605, Revenue Recognition, including most industry-specific requirements.  ASU 2014-09 establishes a five-step revenue recognition process in which an entity will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services.  ASU 2014-09 also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenues and cash flows from contracts with customers. ASU 2014-09 will be effective for the Company in the first quarter of 2017.  Management is currently evaluating the impact the adoption of ASU 2014-09 will have on the Company’s condensed consolidated financial position, results of operations or cash flows and the method of retrospective application, either full or modified.
	In July 2013, the FASB issued Accounting Standards Update “(ASU”) 2013-11, "Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists" ("ASU 2013-11"). The provisions of the rule require an unrecognized tax benefit to be presented as a reduction to a deferred tax asset in the financial statements for an NOL carryforward, a similar tax loss, or a tax credit carryforward except in circumstances when the carryforward or tax loss is not available at the reporting date under the tax laws of the applicable jurisdiction to settle any additional income taxes or the tax law does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purposes. When those circumstances exist, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The new financial statement presentation provisions relating to this update are prospective and effective for interim and annual periods beginning after December 15, 2013, with early adoption permitted. The adoption of this guidance had no impact to the consolidated financial statements.
	A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, we have not determined whether implementation of such proposed standards would be material to our unaudited condensed consolidated financial statements.

Items_Tables

Items (Tables)	6 Months Ended
	Jun. 30, 2014
Tables/Schedules	'
Exchange rates table	'
	Balance sheet:
	As of June 30, 2014	RMB 6.1552 to $1.00
	As of December 31, 2013	RMB 6.1104 to $1.00
	Statement of operations and comprehensive income (loss) and cash flows:
	Six months ended June 30, 2014	RMB 6.1397 to $1.00
	Six months ended June 30, 2013	RMB 6.2395 to $1.00
Financial assets and liabilities table	'
	Liabilities:
	Balance of derivative liabilities as of December 31, 2013	$     182,096
	Reclassification of derivative liability and put premium to paid-in capital upon debt conversion	(44,573)
	Gain from change in the fair value of derivative liabilities	(103,328)
	Balance of derivative liabilities as of June 30, 2014	$        34,195
Revenue Recognition Three Month table	'
	Revenue Recognition (1)
		For the three months ended June 30,2014			For the three months ended June 30,2013
	Allocation of Revenues	Gross Method	Net Method	Total	Gross Method	Net Method	Total
	Revenues, excluding  sales reported on net basis	$  4,746,944	$                 0	$  4,746,944	$  11,844,100	$                 0	$    11,844,100
	Net Revenues from sales reported on net basis	0	84,768	84,768	0	19,174	19,174
	Total Revenues	$  4,746,944	$       84,768	$  4,831,712	$  11,844,100	$       19,174	$    11,863,274
Revenue Recognition Six Month table	'
	Revenue Recognition (1)
		For the Six Months Ended June 30, 2014			For the Six Months Ended June 30, 2013
	Allocation of Revenues	Gross Method	Net Method	Total	Gross Method	Net Method	Total
	Revenues, excluding  sales reported on net basis	$  9,177,490	$                 0	$  9,177,490	$  19,247,073	$                 0	$    19,247,073
	Net Revenues from sales reported on net basis	0	422,877	422,877	0	63,902	63,902
	Total Revenues	$  9,177,490	$     422,877	$  9,600,367	$  19,247,073	$       63,902	$    19,310,975
Potentially dilutive common shares	'
		Six Months Ended June 30,
		2014	2013
	Convertible notes	12,427,099	-
	Total	12,427,099	-
Other receivables table	'
		June 30,	December 31,
		2014	2013
	Tax refund receivable	$        539,293	$   1,169,702
	Prepaid value added taxes	282,345	0
	Other	80,557	11,619
	Total Other receivable	$        902,195	$   1,181,321
Property and equipments table	'
	(Estimated Life)	June 30,	December 31,
		2014	2013
	Office equipment (5 Years)	$        40,773	$        38,305
	Vehicles (5 Years)	51,989	52,370
	Machinery and  equipment (3 Years)	364,686	176,429
		457,448	267,104
	Less: accumulated depreciation	(182,781)	(135,906)
	Fixed assets, net	$     274,667	$     131,198
Due from related parties table	'
	Balance, December 31, 2013	$   1,630,580
	Working capital advances to Xinzhongyang	1,745,349
	Repayments made by Xinzhongyang	(426,126)
	Effect of foreign currency exchange	(15,190)
	Balance, June 30, 2014	$   2,934,613
Due to related parties table	'
		Wei Lin (1)	Chaojun Lin (2)	Total
	Balance, December 31, 2013	$      444,749	$    (292,943)	$      151,806
	Working capital advances	589,706	496,415	1,086,121
	Repayments	(583,191)	(162,874)	(746,065)
	Effect of foreign currency exchange	(3,253)	1,291	(1,962)
	Balance, June 30, 2014	$      448,011	$         41,889	$      489,900
Aggregate convertible loans payable table	'
		June 30,	December 31,
		2014	2013
	Convertible notes payable	$        403,286	$      205,716
	Put premium	169,020	0
	Total	$        572,306	$      205,716
Customer concentrations table	'
		Net Sales		Accounts Receivable
		For six months ended June 30		June 30,	December 31,
		2014	2013	2014	2013
	Always Trading International Limited	44.7%	21.9%	0	30.5%
	Poundland Far East Ltd	6.5%	10.8%	10.6%	5.9%
	Total	51.2%	32.7%	10.6%	36.4%
Vendor Concentrations table	'
		Net Purchases		Accounts Payable
		For six months ended June 30		June 30,	December 31,
		2014	2013	2014	2013
	Jiada Toys	3.9%	10.1%	18.1%	11.0%
	Changtai Toys (Prosperous Toys)	44.2%	45.8%	49.7%	28.9%
	Yintai International (Win Tide)	31.4%	29.4%	23.0%	6.3%
	Guangdong Chenghai Xiongcheng Plastic Toys	1.5%	2.5%	0	18.3%
	Total	81.0%	87.8%	90.8%	64.5%
Cash balances by geographic area	'
	Country:	30-Jun-14		31-Dec-13
	PRC	$              6,768	23.3%	$         211,352	95.8%
	United States	0	0	3,852	1.8%
	Hong Kong	22,238	76.7%	5,381	2.4%
	Total cash and cash equivalents	$           29,006	100.0%	$         220,585	100.0%
Restated Balance Sheet	'
	Consolidated balance sheet data
		30-Jun-13
		As previously reported	Adjustments to Restate	As Restated
	Total Assets	$   13,351,392	$                     0	$   13,351,392
	Salaries and related benefits payable (a)	$           68,134	$        260,897	$        329,031
	Other payables (a)	13,292	304,484	317,776
	Taxes payable (a)	0	979,020	979,020
	Total Current Liabilities	11,795,070	1,544,401	13,339,471
	Total Liabilities	11,795,070	1,544,401	13,339,471
	Stockholders’ Equity (Deficit):
	Common stock ($0.00001 par value; 100,000,000 shares authorized; 10,350,192 shares issued and outstanding at June 30, 2013)	104	0	104
	Additional paid-in capital	302,399	0	302,399
	Retained earnings (a)	3,061,883	(1,507,872)	1,554,011
	Accumulated other comprehensive income (loss) (a)	67,633	(36,529)	31,104
	Advance due from related party	(1,875,697)	0	(1,875,697)
	Total Stockholders’ Equity (Deficit)	1,556,322	(1,544,401)	11,921
	Total Liabilities and Stockholders’ Equity	$   13,351,392	$                     0	$   13,351,392
Restated Income Statement - Three month	'
	Consolidated statement of operations and comprehensive income (loss)	For the Three Months Ended
		30-Jun-13
		As previously reported	Adjustments to Restate	As Restated
	Gross profit	$        889,136	$                       0	$           889,136
	Operating expenses (a)	453,334	41,983	495,317
	Operating income	435,802	(41,983)	393,819
	Other income (expenses) (a)	(102,329)	(53,988)	(156,317)
	Income before income taxes	333,473	(95,971)	237,502
	Income taxes (a)	0	(103,429)	(103,429)
	Net income (loss)	333,473	(199,400)	134,073
	Foreign currency translation income (a)	53,392	(21,559)	31,833
	Comprehensive Income (loss):	$        386,865	$         (220,959)	$           165,906
	Net Income (Loss) Per Common Share
	Basic	$               0.03	$                (0.02)	$                  0.01
	Diluted	$               0.03	$                (0.02)	$                  0.01
Restated Income Statement - Six month	'
	Consolidated statement of operations and comprehensive income (loss)	For the Six Months Ended
		30-Jun-13
		As previously reported	Adjustments to Restate	As Restated
	Gross profit	$     1,583,786	$                     0	$          1,583,786
	Operating expenses (a)	999,928	78,710	1,078,638
	Operating income	583,858	(78,710)	505,148
	Other income (expenses)(a)	(185,004)	(59,866)	(244,870)
	Income before income taxes	398,854	(138,576)	260,278
	Income taxes (a)	0	(160,753)	(160,753)
	Net income (loss)	398,854	(299,329)	99,525
	Foreign currency translation income (a)	70,930	(28,423)	42,507
	Comprehensive income (loss):	$        469,784	$      (327,752)	$             142,032
	Net Income (Loss) Per Common Share
	Basic	$               0.04	$             (0.03)	$                    0.01
	Diluted	$               0.04	$             (0.03)	$                    0.01

Items_Details

Items (Details) (USD $)

3 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2014

Mar. 17, 2014

Feb. 13, 2014

Jan. 30, 2014

Jan. 07, 2014

Jan. 06, 2014

Dec. 31, 2013

Dec. 17, 2013

Dec. 03, 2013

21-May-13

10-May-13

exchange rate used for balance sheet

6.1552

'

6.1552

'

'

'

'

'

'

'

6.1104

'

'

'

'

exchange rate used for income statement

'

'

6.1397

6.2395

'

'

'

'

'

'

'

'

'

'

'

Derivative liability

$34,195

'

$34,195

'

'

'

'

'

'

'

$182,096

'

'

'

'

Reclassification of derivative liability and put premium to paid-in capital upon debt conversion

-44,573

'

-44,573

'

'

'

'

'

'

'

'

'

'

'

'

Gain from change in the fair value of derivative liabilities

-103,328

'

-103,328

'

'

'

'

'

'

'

'

'

'

'

'

Revenues, excluding sales reported on net basis

4,746,944

11,844,100

9,177,490

19,247,073

'

'

'

'

'

'

'

'

'

'

'

Revenues, excluding sales reported on net basis Total

4,746,944

11,844,100

9,177,490

19,247,073

'

'

'

'

'

'

'

'

'

'

'

Net Revenues from sales reported on net basis

84,768

19,174

422,877

63,902

'

'

'

'

'

'

'

'

'

'

'

Net Revenues from sales reported on net basis Total

84,768

19,174

422,877

63,902

'

'

'

'

'

'

'

'

'

'

'

Revenue - Gross Method

4,746,944

11,844,100

9,177,490

19,247,073

'

'

'

'

'

'

'

'

'

'

'

Revenue - Net Method

84,768

19,174

422,877

63,902

'

'

'

'

'

'

'

'

'

'

'

Revenues

4,831,712

11,863,274

9,600,367

19,310,975

'

'

'

'

'

'

'

'

'

'

'

Shipping, Handling and Transportation Costs

21,307

42,896

31,098

56,068

'

'

'

'

'

'

'

'

'

'

'

Advertising Expense

26,070

27,326

43,709

45,800

'

'

'

'

'

'

'

'

'

'

'

Potentially dilutive common shares - Convertible notes

'

'

12,427,099

'

'

'

'

'

'

'

'

'

'

'

'

Tax refund receivable

539,293

'

539,293

'

'

'

'

'

'

'

1,169,702

'

'

'

'

Prepaid value added taxes

282,345

'

282,345

'

'

'

'

'

'

'

0

'

'

'

'

Other Misc Receivables

80,557

'

80,557

'

'

'

'

'

'

'

11,619

'

'

'

'

Other receivable

902,195

'

902,195

'

'

'

'

'

'

'

1,181,321

'

'

'

'

Furniture and Fixtures, Gross

40,773

'

40,773

'

'

'

'

'

'

'

38,305

'

'

'

'

Vehicles

51,989

'

51,989

'

'

'

'

'

'

'

52,370

'

'

'

'

Machinery and Equipment, Gross

364,686

'

364,686

'

'

'

'

'

'

'

176,429

'

'

'

'

Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment

-182,781

'

-182,781

'

'

'

'

'

'

'

-135,906

'

'

'

'

Property, Plant, and Equipment, Owned, Net

274,667

'

274,667

'

'

'

'

'

'

'

131,198

'

'

'

'

Depreciation

28,939

19,065

47,985

38,053

'

'

'

'

'

'

'

'

'

'

'

Amortization of Intangible Assets

1,124

781

2,217

1,553

'

'

'

'

'

'

'

'

'

'

'

Loan Payable to Guangfa Bank Co., Ltd

3,736,678

'

3,736,678

'

'

'

'

'

'

'

3,764,074

'

'

'

'

Loan Payable to Guangdong Huaxing Bank

324,929

'

324,929

'

'

'

'

'

'

'

327,311

'

'

'

'

Purchases - Universal Toys Trading

0

200,000

0

200,000

'

'

'

'

'

'

'

'

'

'

'

Payable - Universal Toys Trading

0

0

0

0

'

'

'

'

'

'

'

'

'

'

'

Purchases - Xinzhongyang Toys

210,000

200,000

210,000

200,000

'

'

'

'

'

'

'

'

'

'

'

Due from related party - Xinzhongyang

2,934,613

1,630,580

2,934,613

1,630,580

'

'

'

'

'

'

'

'

'

'

'

Due from related party balance

2,934,613

'

2,934,613

'

'

'

'

'

'

'

1,630,580

'

'

'

'

Due from related party - Working capital advances to Xinzhongyang

1,745,349

'

1,745,349

'

'

'

'

'

'

'

'

'

'

'

'

Due from related party - Repayments made by Xinzhongyang

-426,126

'

-426,126

'

'

'

'

'

'

'

'

'

'

'

'

Due from related party - Effect of foreign currency exchange

-15,190

'

-15,190

'

'

'

'

'

'

'

'

'

'

'

'

Due to Wei Lin

448,011

'

448,011

'

'

'

'

'

'

'

444,749

'

'

'

'

Due to China Direct Investments, Inc.

41,889

'

41,889

'

'

'

'

'

'

'

-292,943

'

'

'

'

Total Due to Related Parties

489,900

'

489,900

'

'

'

'

'

'

'

151,806

'

'

'

'

Working capital advances - Wei Lin

589,706

'

589,706

'

'

'

'

'

'

'

'

'

'

'

'

Working capital advances - Chaojun Lin

496,415

'

496,415

'

'

'

'

'

'

'

'

'

'

'

'

Total Working capital advances

1,086,121

'

1,086,121

'

'

'

'

'

'

'

'

'

'

'

'

Repayments - Wei Lin

-583,191

'

-583,191

'

'

'

'

'

'

'

'

'

'

'

'

Repayments - Chaojun Lin

-162,874

'

-162,874

'

'

'

'

'

'

'

'

'

'

'

'

Total Repayments

-746,065

'

-746,065

'

'

'

'

'

'

'

'

'

'

'

'

Effect of foreign currency exchange - Wei Lin

-3,253

'

-3,253

'

'

'

'

'

'

'

'

'

'

'

'

Effect of foreign currency exchange - Chaojun Lin

1,291

'

1,291

'

'

'

'

'

'

'

'

'

'

'

'

Total Effect of foreign currency exchange

-1,962

'

-1,962

'

'

'

'

'

'

'

'

'

'

'

'

Convertible note - CDI

'

'

'

'

'

'

'

'

'

'

'

'

'

87,800

15,416

Convertible note - JSJ

'

'

'

'

'

'

125,000

'

'

'

'

'

50,000

'

'

Convertible note - Iconic

'

'

'

'

'

'

'

'

'

'

'

52,500

'

'

'

Convertible note - GEL CDI

'

'

'

'

'

'

'

'

'

5,000

'

'

'

'

'

Convertible note - GEL

'

'

'

'

'

'

'

'

'

25,000

'

'

'

'

'

Convertible note - LG Capital Funding

'

'

'

'

'

'

'

'

'

50,000

'

'

'

'

'

Convertible note - LG Capital Funding CDI

'

'

'

'

'

'

'

'

36,711

'

'

'

'

'

'

Convertible note - Asher

'

'

'

'

'

'

'

93,500

'

'

'

'

'

'

'

Convertible note - LG

'

'

'

'

'

40,000

'

'

'

'

'

'

'

'

'

Convertible note - Union

'

'

'

'

'

20,000

'

'

'

'

'

'

'

'

'

Convertible notes payable

403,286

'

403,286

'

'

'

'

'

'

'

205,716

'

'

'

'

Put premium

169,020

'

169,020

'

'

'

'

'

'

'

0

'

'

'

'

Aggregate convertible loans payable

572,306

'

572,306

'

'

'

'

'

'

'

205,716

'

'

'

'

Other Loans Payable

437,410

'

437,410

'

'

'

'

'

'

'

569,995

'

'

'

'

Always Trading International Limited - Percent of Sales

'

'

44.70%

21.90%

'

'

'

'

'

'

'

'

'

'

'

Always Trading International Limited - Percent of Accounts Receivable

0.00%

'

0.00%

'

'

'

'

'

'

'

30.50%

'

'

'

'

Poundland Far East Ltd - Percent of Sales

'

'

6.50%

10.80%

'

'

'

'

'

'

'

'

'

'

'

Poundland Far East Ltd - Percent of Accounts Receivable

10.60%

'

10.60%

'

'

'

'

'

'

'

5.90%

'

'

'

'

Total - Percent of Sales

'

'

51.20%

32.70%

'

'

'

'

'

'

'

'

'

'

'

Total Percent of Accounts Receivable

10.60%

'

10.60%

'

36.40%

'

'

'

'

'

'

'

'

'

'

Jiada Toys - Percent of Purchases

'

'

3.90%

10.10%

'

'

'

'

'

'

'

'

'

'

'

Jiada Toys - Percent of Accounts Payable

18.10%

'

18.10%

'

'

'

'

'

'

'

11.00%

'

'

'

'

Changtai Toys (Prosperous Toys) - Percent of Purchases

'

'

44.20%

45.80%

'

'

'

'

'

'

'

'

'

'

'

Changtai Toys (Prosperous Toys) - Percent of Accounts Payable

49.70%

'

49.70%

'

'

'

'

'

'

'

28.90%

'

'

'

'

Yintai International(Win Tide) - Percent of Purchases

'

'

31.40%

29.40%

'

'

'

'

'

'

'

'

'

'

'

Yintai International(Win Tide) - Percent of Accounts Payable

23.00%

'

23.00%

'

'

'

'

'

'

'

6.30%

'

'

'

'

Guangdong Chenghai Xiongcheng Plastic Toys - Percent of Purchases

'

'

1.50%

2.50%

'

'

'

'

'

'

'

'

'

'

'

Guangdong Chenghai Xiongcheng Plastic Toys - Percent of Accounts Payable

0.00%

'

0.00%

'

'

'

'

'

'

'

18.30%

'

'

'

'

Total Percent of Purchases

'

'

81.00%

87.80%

'

'

'

'

'

'

'

'

'

'

'

Total Percent of Accounts Payable

90.80%

'

90.80%

'

'

'

'

'

'

'

64.50%

'

'

'

'

Cash - PRC

6,768

'

6,768

'

'

'

'

'

'

'

211,352

'

'

'

'

Cash - US

0

'

0

'

'

'

'

'

'

'

3,852

'

'

'

'

Cash - HK

22,238

'

22,238

'

'

'

'

'

'

'

5,381

'

'

'

'

Cash and Cash Equivalents, at Carrying Value

29,006

'

29,006

'

'

'

'

'

'

'

220,585

'

'

'

'

Common stock issued and outstanding

14,273,557

'

14,273,557

'

'

'

'

'

'

'

10,350,192

'

'

'

'

Scenario, Previously Reported

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Assets - Restatement

'

13,351,392

'

13,351,392

'

'

'

'

'

'

'

'

'

'

'

Salaries and related benefits payable - Restatement

'

68,134

'

68,134

'

'

'

'

'

'

'

'

'

'

'

Other payables - Restatement

'

13,292

'

13,292

'

'

'

'

'

'

'

'

'

'

'

Taxes payable - Restatement

'

0

'

0

'

'

'

'

'

'

'

'

'

'

'

Total Current Liabilities - Restatement

'

11,795,070

'

11,795,070

'

'

'

'

'

'

'

'

'

'

'

Total Liabilities - Restatement

'

11,795,070

'

11,795,070

'

'

'

'

'

'

'

'

'

'

'

Common stock - Restatement

'

104

'

104

'

'

'

'

'

'

'

'

'

'

'

Additional paid-in capital - Restatement

'

302,399

'

302,399

'

'

'

'

'

'

'

'

'

'

'

Retained earnings - Restatement

'

3,061,883

'

3,061,883

'

'

'

'

'

'

'

'

'

'

'

Accumulated other comprehensive loss - Restatement

'

67,633

'

67,633

'

'

'

'

'

'

'

'

'

'

'

Advance due from related party- Restatement

'

-1,875,697

'

-1,875,697

'

'

'

'

'

'

'

'

'

'

'

Total Stockholders' Equity - Restatement

'

1,556,322

'

1,556,322

'

'

'

'

'

'

'

'

'

'

'

Total Liabilities and Stockholders' Equity - Restatement

'

13,351,392

'

13,351,392

'

'

'

'

'

'

'

'

'

'

'

Gross profit - Restatement TM

'

889,136

'

889,136

'

'

'

'

'

'

'

'

'

'

'

Operating expenses - Restatement TM

'

453,334

'

453,334

'

'

'

'

'

'

'

'

'

'

'

Operating income - Restatement TM

'

435,802

'

435,802

'

'

'

'

'

'

'

'

'

'

'

Other income (expenses) - Restatement TM

'

-102,329

'

-102,329

'

'

'

'

'

'

'

'

'

'

'

Income before income taxes - Restatement TM

'

333,473

'

333,473

'

'

'

'

'

'

'

'

'

'

'

Income taxes - Restatement TM

'

0

'

0

'

'

'

'

'

'

'

'

'

'

'

Net income (loss)- Restatement TM

'

333,473

'

333,473

'

'

'

'

'

'

'

'

'

'

'

Foreign currency translation income - Restatement TM

'

53,392

'

53,392

'

'

'

'

'

'

'

'

'

'

'

Comprehensive Income Restatement TM

'

386,865

'

'

'

'

'

'

'

'

'

'

'

'

'

Income per share Basic - RestatementTM

'

$0.03

'

$0.03

'

'

'

'

'

'

'

'

'

'

'

Income per share Diluted - Restatement TM

'

$0.03

'

$0.03

'

'

'

'

'

'

'

'

'

'

'

Gross profit - Restatement

'

1,583,786

'

1,583,786

'

'

'

'

'

'

'

'

'

'

'

Operating expenses - Restatement

'

999,928

'

999,928

'

'

'

'

'

'

'

'

'

'

'

Operating income - Restatement

'

583,858

'

583,858

'

'

'

'

'

'

'

'

'

'

'

Other income (expenses) - Restatement

'

-185,004

'

-185,004

'

'

'

'

'

'

'

'

'

'

'

Income before income taxes - Restatement

'

398,854

'

398,854

'

'

'

'

'

'

'

'

'

'

'

Income taxes - Restatement

'

0

'

0

'

'

'

'

'

'

'

'

'

'

'

Net income (loss)- Restatement

'

398,854

'

398,854

'

'

'

'

'

'

'

'

'

'

'

Foreign currency translation income - Restatement

'

70,930

'

70,930

'

'

'

'

'

'

'

'

'

'

'

Comprehensive Income Restatement

'

'

'

469,784

'

'

'

'

'

'

'

'

'

'

'

Income per share Basic - Restatement

'

$0.04

'

$0.04

'

'

'

'

'

'

'

'

'

'

'

Income per share Diluted - Restatement

'

$0.04

'

$0.04

'

'

'

'

'

'

'

'

'

'

'

Scenario, Adjustment

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Assets - Restatement

'

0

'

0

'

'

'

'

'

'

'

'

'

'

'

Salaries and related benefits payable - Restatement

'

260,897

'

260,897

'

'

'

'

'

'

'

'

'

'

'

Other payables - Restatement

'

304,484

'

304,484

'

'

'

'

'

'

'

'

'

'

'

Taxes payable - Restatement

'

979,020

'

979,020

'

'

'

'

'

'

'

'

'

'

'

Total Current Liabilities - Restatement

'

1,544,401

'

1,544,401

'

'

'

'

'

'

'

'

'

'

'

Total Liabilities - Restatement

'

1,544,401

'

1,544,401

'

'

'

'

'

'

'

'

'

'

'

Common stock - Restatement

'

0

'

0

'

'

'

'

'

'

'

'

'

'

'

Additional paid-in capital - Restatement

'

0

'

0

'

'

'

'

'

'

'

'

'

'

'

Retained earnings - Restatement

'

-1,507,872

'

-1,507,872

'

'

'

'

'

'

'

'

'

'

'

Accumulated other comprehensive loss - Restatement

'

-36,529

'

-36,529

'

'

'

'

'

'

'

'

'

'

'

Advance due from related party- Restatement

'

0

'

0

'

'

'

'

'

'

'

'

'

'

'

Total Stockholders' Equity - Restatement

'

-1,544,401

'

-1,544,401

'

'

'

'

'

'

'

'

'

'

'

Total Liabilities and Stockholders' Equity - Restatement

'

0

'

0

'

'

'

'

'

'

'

'

'

'

'

Gross profit - Restatement TM

'

0

'

0

'

'

'

'

'

'

'

'

'

'

'

Operating expenses - Restatement TM

'

41,983

'

41,983

'

'

'

'

'

'

'

'

'

'

'

Operating income - Restatement TM

'

-41,983

'

-41,983

'

'

'

'

'

'

'

'

'

'

'

Other income (expenses) - Restatement TM

'

-53,988

'

-53,988

'

'

'

'

'

'

'

'

'

'

'

Income before income taxes - Restatement TM

'

-95,971

'

-95,971

'

'

'

'

'

'

'

'

'

'

'

Income taxes - Restatement TM

'

-103,429

'

-103,429

'

'

'

'

'

'

'

'

'

'

'

Net income (loss)- Restatement TM

'

-199,400

'

-199,400

'

'

'

'

'

'

'

'

'

'

'

Foreign currency translation income - Restatement TM

'

-21,559

'

-21,559

'

'

'

'

'

'

'

'

'

'

'

Comprehensive Income Restatement TM

'

-220,959

'

'

'

'

'

'

'

'

'

'

'

'

'

Income per share Basic - RestatementTM

'

($0.02)

'

($0.02)

'

'

'

'

'

'

'

'

'

'

'

Income per share Diluted - Restatement TM

'

($0.02)

'

($0.02)

'

'

'

'

'

'

'

'

'

'

'

Gross profit - Restatement

'

0

'

0

'

'

'

'

'

'

'

'

'

'

'

Operating expenses - Restatement

'

78,710

'

78,710

'

'

'

'

'

'

'

'

'

'

'

Operating income - Restatement

'

-78,710

'

-78,710

'

'

'

'

'

'

'

'

'

'

'

Other income (expenses) - Restatement

'

-59,866

'

-59,866

'

'

'

'

'

'

'

'

'

'

'

Income before income taxes - Restatement

'

-138,576

'

-138,576

'

'

'

'

'

'

'

'

'

'

'

Income taxes - Restatement

'

-160,753

'

-160,753

'

'

'

'

'

'

'

'

'

'

'

Net income (loss)- Restatement

'

-299,329

'

-299,329

'

'

'

'

'

'

'

'

'

'

'

Foreign currency translation income - Restatement

'

-28,423

'

-28,423

'

'

'

'

'

'

'

'

'

'

'

Comprehensive Income Restatement

'

'

'

-327,752

'

'

'

'

'

'

'

'

'

'

'

Income per share Basic - Restatement

'

($0.03)

'

($0.03)

'

'

'

'

'

'

'

'

'

'

'

Income per share Diluted - Restatement

'

($0.03)

'

($0.03)

'

'

'

'

'

'

'

'

'

'

'

RestatedMember

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Assets - Restatement

'

13,351,392

'

13,351,392

'

'

'

'

'

'

'

'

'

'

'

Salaries and related benefits payable - Restatement

'

329,031

'

329,031

'

'

'

'

'

'

'

'

'

'

'

Other payables - Restatement

'

317,776

'

317,776

'

'

'

'

'

'

'

'

'

'

'

Taxes payable - Restatement

'

979,020

'

979,020

'

'

'

'

'

'

'

'

'

'

'

Total Current Liabilities - Restatement

'

13,339,471

'

13,339,471

'

'

'

'

'

'

'

'

'

'

'

Total Liabilities - Restatement

'

13,339,471

'

13,339,471

'

'

'

'

'

'

'

'

'

'

'

Common stock - Restatement

'

104

'

104

'

'

'

'

'

'

'

'

'

'

'

Additional paid-in capital - Restatement

'

302,399

'

302,399

'

'

'

'

'

'

'

'

'

'

'

Retained earnings - Restatement

'

1,554,011

'

1,554,011

'

'

'

'

'

'

'

'

'

'

'

Accumulated other comprehensive loss - Restatement

'

31,104

'

31,104

'

'

'

'

'

'

'

'

'

'

'

Advance due from related party- Restatement

'

-1,875,697

'

-1,875,697

'

'

'

'

'

'

'

'

'

'

'

Total Stockholders' Equity - Restatement

'

11,921

'

11,921

'

'

'

'

'

'

'

'

'

'

'

Total Liabilities and Stockholders' Equity - Restatement

'

13,351,392

'

13,351,392

'

'

'

'

'

'

'

'

'

'

'

Gross profit - Restatement TM

'

889,136

'

889,136

'

'

'

'

'

'

'

'

'

'

'

Operating expenses - Restatement TM

'

495,317

'

495,317

'

'

'

'

'

'

'

'

'

'

'

Operating income - Restatement TM

'

393,819

'

393,819

'

'

'

'

'

'

'

'

'

'

'

Other income (expenses) - Restatement TM

'

-156,317

'

-156,317

'

'

'

'

'

'

'

'

'

'

'

Income before income taxes - Restatement TM

'

237,502

'

237,502

'

'

'

'

'

'

'

'

'

'

'

Income taxes - Restatement TM

'

-103,429

'

-103,429

'

'

'

'

'

'

'

'

'

'

'

Net income (loss)- Restatement TM

'

134,073

'

134,073

'

'

'

'

'

'

'

'

'

'

'

Foreign currency translation income - Restatement TM

'

31,833

'

31,833

'

'

'

'

'

'

'

'

'

'

'

Comprehensive Income Restatement TM

'

165,906

'

'

'

'

'

'

'

'

'

'

'

'

'

Income per share Basic - RestatementTM

'

$0.01

'

$0.01

'

'

'

'

'

'

'

'

'

'

'

Income per share Diluted - Restatement TM

'

$0.01

'

$0.01

'

'

'

'

'

'

'

'

'

'

'

Gross profit - Restatement

'

1,583,786

'

1,583,786

'

'

'

'

'

'

'

'

'

'

'

Operating expenses - Restatement

'

1,078,638

'

1,078,638

'

'

'

'

'

'

'

'

'

'

'

Operating income - Restatement

'

505,148

'

505,148

'

'

'

'

'

'

'

'

'

'

'

Other income (expenses) - Restatement

'

-244,870

'

-244,870

'

'

'

'

'

'

'

'

'

'

'

Income before income taxes - Restatement

'

260,278

'

260,278

'

'

'

'

'

'

'

'

'

'

'

Income taxes - Restatement

'

-160,753

'

-160,753

'

'

'

'

'

'

'

'

'

'

'

Net income (loss)- Restatement

'

99,525

'

99,525

'

'

'

'

'

'

'

'

'

'

'

Foreign currency translation income - Restatement

'

42,507

'

42,507

'

'

'

'

'

'

'

'

'

'

'

Comprehensive Income Restatement

'

'

'

$142,032

'

'

'

'

'

'

'

'

'

'

'

Income per share Basic - Restatement

'

$0.01

'

$0.01

'

'

'

'

'

'

'

'

'

'

'

Income per share Diluted - Restatement

'

$0.01

'

$0.01

'

'

'

'

'

'

'

'

'

'

'