China Internet Cafe 10-Q 22 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 22, 2016
Document And Entity Information
Entity Registrant Name	China Internet Cafe Holdings Group, Inc.
Entity Central Index Key	1,373,846
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	CICC
Entity Common Stock, Shares Outstanding		5,538,002
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 18,539,962	$ 19,304,500
Rental deposit	3,333	10,112
Total current assets	18,543,295	19,314,612
Non-current assets:
Property, plant and equipment, net		1,584,745
Rental deposit-long-term portion	57,745	53,833
TOTAL ASSETS	18,601,040	20,953,190
Current liabilities:
Accounts payable, trade	20,602	107,310
Registration penalties payable	641,200	641,200
Deferred revenue	169,114	147,103
Payroll and related liabilities	67,963	70,254
Income and other taxes payable	19,548	15,326
Accrued expenses	372,985	367,538
Amount due to a related party	1,989,378	1,907,649
Dividend payable on preferred stock	186,565	186,565
Total current liabilities	3,467,355	3,442,945
TOTAL LIABILITIES	3,467,355	3,442,945
Stockholders’ Equity:
Convertible preferred stock, $0.00001 par value; 100,000,000 shares authorized; -0- and -0- shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively
Common stock, $0.00001 par value; 20,000,000 shares authorized; 5,538,002 and 5,538,002 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively	55	55
Additional paid-in capital	6,232,961	6,232,961
Statutory reserve	718,744	718,744
Accumulated other comprehensive income	906,042	1,348,116
Retained earnings	7,275,883	9,210,369
Total stockholders' equity	15,133,685	17,510,245
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 18,601,040	$ 20,953,190

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Condensed Consolidated Balance Sheets Parenthetical
Preferred stock par value (in dollars per share)	$ 0.00001	$ 0.00001
Preferred stock authorized	100,000,000	100,000,000
Preferred stock issued	0	0
Preferred stock outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	5,538,002	5,538,002
Common stock, shares outstanding	5,538,002	5,538,002

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Consolidated Statements Of Operations And Comprehensive Income
Revenue, net
Cost of services
GROSS LOSS
OPERATING EXPENSES:
General and administrative	60,986	97,115	90,986	139,513
Total operating expenses	60,986	97,115	90,986	139,513
LOSS FROM OPERATIONS	(60,986)	(97,115)	(90,986)	(139,513)
Other (expense) income:
Interest income
Other expenses
Total other income
LOSS BEFORE INCOME TAXES	(60,986)	(97,115)	(90,986)	(139,513)
Income tax expense
Loss from continuing operations, net of tax	(60,986)	(97,115)	(90,986)	(139,513)
Loss from discontinued operations, net of tax	(1,368,952)	(574,810)	(1,843,500)	(1,082,744)
Net loss	(1,429,938)	(671,925)	(1,934,486)	(1,222,257)
Other comprehensive income:
Foreign currency translation (loss) gain	(572,202)	81,718	(442,074)	199,930
COMPREHENSIVE LOSS	$ (2,002,140)	$ (590,207)	$ (2,376,560)	$ (1,022,327)
Net loss per share – Basic and diluted
Continuing operation	$ (0.01)	$ (0.01)	$ (0.02)	$ (0.01)
Discontinuing operations	$ (0.25)	$ (0.12)	$ (0.33)	$ (0.22)
Weighted average common shares outstanding– Basic and diluted	5,538,002	5,538,002	5,538,002	5,538,002

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net loss	$ (1,934,486)	$ (1,222,257)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation of property and equipment		661,841
Impairment loss of property and equipment	1,573,940
Loss on disposal of property and equipment		23,012
Changes in operating assets and liabilities:
Rental deposit	1,500	11,790
Accounts payable	(85,636)	(18,937)
Deferred revenue	25,808	26,086
Payroll and payroll related liabilities	(689)	(263,520)
Income and other taxes payable	4,650	(114,988)
Accrued expenses	6,321	(43,758)
Amount due to a shareholder	82,042	182,213
Net cash provided (used) by operating activities	(326,550)	758,518
Cash flows from investing activities
Increase of property, plant and equipment		(2,692)
Net cash used by investing activities		(2,692)
Effect of foreign currency translation on cash	(437,988)	191,083
NET CHANGE IN CASH AND CASH EQUIVALENTS	(764,538)	(570,127)
BEGINNING OF PERIOD	19,304,500	23,789,211
END OF PERIOD	18,539,962	23,219,084
Supplemental disclosures of non-cash transactions:
Cash paid for income taxes
Cash paid for interest

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY (Unaudited) - 6 months ended Jun. 30, 2016 - USD ($)	Common Stock	Additional Paid-In Capital	Statutory reserve	Accumulated Other Comprehensive Income	Retained Earnings	Total
Beginning Balance, Shares at Dec. 31, 2015	5,538,002
Beginning Balance, Amount at Dec. 31, 2015	$ 55	$ 6,232,961	$ 718,744	$ 1,348,116	$ 9,210,369	$ 17,510,245
Foreign currency translation adjustment				(442,074)		(442,074)
Net loss					(1,934,486)	(1,934,486)
Ending Balance, Shares at Jun. 30, 2016	5,538,002
Ending Balance, Amount at Jun. 30, 2016	$ 55	$ 6,232,961	$ 718,744	$ 906,042	$ 7,275,883	$ 15,133,685

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Basis Of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared by management in accordance with both accounting principles generally accepted in the United States (“GAAP”), and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Certain information and note disclosures normally included in audited financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. In the opinion of management, the consolidated balance sheet as of December 31, 2015 which has been derived from audited financial statements and these unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary to state fairly the results for the periods presented. The results for the period ended June 30, 2016 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2016 or for any future period. These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Management’s Discussion and the audited financial statements and notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2015.

Organization And Business Backg

Organization And Business Background	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Organization and Business Background	China Internet Cafe Holdings Group, Inc. ("China Internet Cafe") China Internet Cafe Holdings Group, Inc. (formerly known as China Unitech Group, Inc.) ("China Internet Café", "the Company", "we", "us", "our") was incorporated in the State of Nevada on March 14, 2006. The Company was a development company from incorporation until the quarter ended June 30, 2010. On July 2, 2010, the Company successfully closed a share exchange transaction with the shareholders of Classic Bond Development Limited, a British Virgin Islands corporation (" Classic Bond"). The Company will operate through its variable interest entities in China to execute the current business plan of those affiliates which involves the operation of a chain of China-based internet cafes, the "Business." On February 1, 2011, the Company changed its name from China Unitech Group, Inc. to China Internet Cafe Holdings Group, Inc. Recapitalization of Classic Bond Development Limited On July 2, 2010, the Company entered into a share exchange transaction with Classic Bond Development Limited, a British Virgin Islands corporation ("Classic Bond"), and the shareholders of Classic Bond. Pursuant to the Share Exchange Agreement, China Internet Cafe acquired 100% of the issued and outstanding capital stock of Classic Bond in exchange for 3,800,000 newly issued shares of the Company's common stock, which represented approximately 94% of the 4,040,000 issued and outstanding shares of common stock after the transaction and after the coincident cancellation of 994,720 shares of common stock held by the Company's former majority stockholder. The business, assets and liabilities did not change as a result of the reverse acquisition. This share exchange transaction resulted in the shareholders of Classic Bond obtaining a majority voting interest in the Company. Generally accepted accounting principles require that the Company whose shareholders retain the majority interest in a combined business be treated as the acquirer for accounting purposes, resulting in a reverse acquisition with Classic Bond as the accounting acquirer and China Internet Cafe as the acquired party. Accordingly, the share exchange transaction has been accounted for as a recapitalization of Classic Bond whereby Classic Bond is deemed to be the continuing, surviving entity for accounting purposes, but through reorganization, has deemed to have adopted the capital structure of China Internet Cafe. The equity section of the accompanying financial statements has been restated to reflect the recapitalization of the Company due to the reverse acquisition as of the first day of the first period presented. Accordingly, all references to common shares of Classic Bond's common stock have been restated to reflect the equivalent number of China Internet Cafe's common shares. In other words, the 2,000,000 Classic Bond shares outstanding are restated as 4,040,000 common shares, as of July 2, 2010. Each share of Classic Bond is restated to 2.2 shares of China Internet Cafe. The book value of the net assets that for accounting purposes, were deemed to have been acquired by Classic Bond from China Internet Cafe, as of the date of acquisition (July 2, 2010) were $3,333. During the recapitalization, the Company incurred restructuring expenses of $300,000, related legal and professional fee of $129,033 and the interest expenses of $6,053 related to the short term loan for paying restructuring expenses. All of these expenses amounting to $435,086 in total were recorded as reorganizational expenses in statement of income. Classic Bond Development Limited ("Classic Bond") Classic Bond Development Limited was incorporated on November 2, 2009 in the British Virgins Islands ("BVI") with 50,000 authorized common shares with no par value. On November 2, 2009, 50,000 common shares at $0.129 (HK$1) each were issued for $6,452 (HK$50,000) cash to several shareholders including Mr. Guo Dishan who is the 65% equity interest shareholder and the sole director of the Company. On June 23, 2010, the Company issued 1,950,000 shares of common stock of Classic Bond to 42 individuals for an aggregate of $84,093 (HK$651,721) for 641,046 shares and 1,308,954 shares associated with the reorganization of the Company at a value of $167,519 (HK$1,308,954) which is reflected as contributed capital by existing shareholders of Junlong and the total amount was $251,612. As of June 30, 2010, 2,000,000 shares of Common Stock were issued and outstanding. Classic Bond is in the business of operating internet cafés, throughout the Longang District of Shenzhen in Province of Guangdong of People's Republic of China ("PRC"). The Company conducts its operations through the following subsidiaries: (a) a wholly-owned subsidiary of the Company located in the PRC: Shenzhen Zhonghefangda Network Technology Co., Ltd. ("Zhonghefangda") and (b) an entity located in the PRC: Shenzhen Junlong Culture Communication Co., Ltd. ("Junlong'), which is controlled by the Company through contractual arrangements between Zhonghefangda and Junlong, as if Junlong were a wholly-owned subsidiary of Classic Bond. Shenzhen Zhonghefangda Network Technology Co., Ltd. ("Zhonghefangda") Zhonghefangda, Classic Bond's wholly-owned subsidiary, was incorporated in People's Republic of China ("PRC") on June 10, 2010 with registered capital of $129,032 (HK$1 million). Zhonghefangda is engaged in provision of management and consulting services and Mr. Guo Dishan is the legal representative of Zhonghefangda. On June 11, 2010, to protect the Company's shareholders from possible future foreign ownership restrictions, Zhonghefangda and Junlong entered into a series of agreements. Under these agreements Zhonghefangda obtained the ability to direct the operations of Junlong and to receive a majority of the residual returns. Therefore, management determined that Junlong became a variable interest entity ("VIE") under the provisions of Financial Accounting Standards Board ("FASB") ASC 810-10 and Zhonghefangda was determined to be the primary beneficiary of Junlong. Accordingly, beginning June 11, 2010, Zhonghefangda is able to consolidate the assets, liabilities, results of operations and cash flows of Junlong in its financial statements. Because the legal representatives and ultimate major stockholder of Zhonghefangda and Junlong is the same person, Mr. Guo Dishan, Zhonghefangda and Junlong were deemed, until June 11, 2010, to be under common control. Exclusive Management and Consulting Agreement On June 11, 2010, Zhonghefangda signed an exclusive management and consulting services agreement with Junlong. Pursuant to the agreement, Zhonghefangda agreed to provide management and consulting services to Junlong, upon request, in connection with the operation of the Business. The agreement provides that Junlong will compensate Zhonghefangda by paying an amount equal to the aggregate net profit of Junlong for a period of twenty (20) years and for succeeding periods of the same duration until the agreement is terminated by both parties under agreed conditions. Zhonghefangda will reimburse Junlong the full amount of any net losses incurred by Junlong during the term of this agreement. As a result of entering into the exclusive management and consulting agreement, Zhonghefangda should be deemed to control Junlong as a Variable Interest Entity and Junlong is consolidated in the accompanying financial statements. Shenzhen Jun Long Culture Communication Co., Ltd. ("Junlong") Junlong is a Chinese enterprise organized in the People's Republic of China ("PRC") on December 26, 2003 in accordance with the Laws of the People's Republic of China with the registered capital of $0.136 million (equivalent to RMB1 million). In 2001, the Chinese government imposed higher capital (RMB10 million for regional internet café chain and RMB50 million for national internet café chain) and facility requirements for the establishment of internet cafes. On August 19, 2004, Junlong was granted approval from Shenzhen Municipal People's Government to increase its registered capital by $1,230,500 from $136,722 to $1,367,222 million (increased by RMB9 million, from RMB1 million to RMB10 million) The capital verification process has been completed. In April and July of 2010, Junlong acquired three internet cafes in Shenzhen. In 2005, Junlong obtained internet cafe licenses to operate an internet café chain from the Ministry of Culture, and opened its first internet cafe in April, 2006 and our members can access the internet at our venues. We opened 7 internet cafes in 2006, 5 internet cafes in 2007, 11 internet cafes in 2008, 5 internet cafes in 2009, 16 internet cafes in 2010, 15 internet cafes in 2011, and 3 internet cafes in 2012. The Company closed 51 internet cafes in 2014 and 2 internet cafes in 2015. In total, as of June 30, 2016, the Company owned 9 internet cafes within Shenzhen, Guangdong. Description of subsidiaries and variable interest entity: Name Place of incorporation and kind of legal entity Principal activities and place of operation Particulars of issued/ registered share capital Effective interest held Classic Bond Development Limited British Virgin Islands, a limited liability company Investment holding 10,000 issued shares of US$1 each 100% Shenzhen Zhonghefangda Network Technology Co., Ltd The PRC, a limited liability company Provision of management and consulting service in the PRC HK$1,000,000 100% Shenzhen Jun Long Culture Communication Co., Limited # The PRC, a limited liability company Operation of internet cafe chain RMB1,000,000 N/A ___________ # represents variable interest entity ("VIE") CICC and its subsidiaries and VIE are hereinafter referred to as (the "Company").

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Summary of Significant Accounting Policies	The accompanying condensed consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying condensed consolidated financial statements and notes. · Use of estimates In preparing condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. These accounts and estimates include, but are not limited to, the valuation of receivables due from related parties, inventories and the estimation of useful lives of plant and machinery and intangibles assets. Actual results could differ from those estimates. Warrants that could require cash settlement or have anti-dilution price protection provisions are recorded as liabilities at their estimated fair value at the date of issuance, with subsequent changes in estimated fair value recorded in other income (expense) in our statement of loss and comprehensive loss in each subsequent period. In general, warrants with anti-dilution provisions are measured using the binomial valuation model. The methodology based, in part, upon inputs for which there is little or no observable market data requires the Group to develop its own assumptions. The assumptions used in calculating the estimated fair value of the warrants represent our best estimates, however these estimates involve inherent uncertainties and the application of judgment. As a result, if factors change and different assumptions are used, the warrant liability and the change in estimated fair value could be materially different. · Basis of consolidation The condensed consolidated financial statements include the accounts of China Internet Cafe Holdings Group, Inc., Classic Bond Development Limited, Zhonghefangda and the VIE-Junlong. All significant intercompany balances and transactions have been eliminated upon consolidation. The condensed consolidated financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission. · Cash and cash equivalents Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. · Property, plant and equipment Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values: Expected useful life Residual value Leasehold improvements 5 years 5% cafe computer equipment and hardware 2 – 5 years 5% Cafe furniture and fixtures 5 years 5% Office furniture, fixture and equipment 5 years 5% Motor vehicles 5 years 5% Expenditure for repairs and maintenance is expensed as incurred. When assets have retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations. During the three and six months ended June 30, 2016, the Company made an impairment loss of $1,573,940 on property, plant and equipment of the discontinued operations. · Impairment of long-lived assets In accordance with the provisions of ASC Topic 360, " Impairment or Disposal of Long-Lived Assets · Revenue recognition In accordance with the ASC Topic 605, "Revenue Recognition" Internet café members purchase prepaid IC cards which include stored value or deposit money into member's accounts associated with their ID cards directly that will be deducted based on time usage of computers at the internet cafe. Revenues derived from the prepaid IC cards and ID card's accounts at the internet café are recognized when services are provided. This is based upon the usage of computer time at the internet cafe. Outstanding customer balances in the IC cards and ID card's accounts are included in deferred revenue on the balance sheets. The Company does not charge any service fees that cause a decrease to customer balances. There is no expiration date for IC cards and ID card's accounts. During 2014, the company began to use members' ID card's accounts instead of prepaid IC cards. The Company also records revenue from commissions received from the sale of third parties on-line gaming cards, snacks and drinks. Commission revenue amounting to 20% of the value of the on-line gaming cards, snacks and drinks is recognized at the time the gaming cards, etc. are sold to customers. During the six months ended June 30, 2016 and 2015, the commission income was $0 and $25,337, respectively, less than 0% and 4% of total revenue, which was included in the loss from discontinued operations. · Cost of revenue Cost of revenue consists primarily of depreciation of each internet café's computer equipment and hardware and overhead associated with the internet cafes including rental payments, utilities, value added taxes, and surcharges. Our value added taxes is 3% on gross revenue generated from selling time of internet surfing in our internet cafes. Our other surcharges are an education surcharge of 3% of value added tax amount, city development surcharge of 7% of value added tax amount, a culture development surcharge of 3% of gross revenue, and a snacks and drinks business tax of 5% of gross revenue. · Deferred revenue Deferred revenue represents unused balances of the prepaid amounts received for ID cards. The Outstanding customer balances are $169,114 and $147,103 as of June 30, 2016 and December 31, 2015, respectively, and are included in deferred revenue on the balance sheets. Management has evaluated the deferred revenue balance and has determined any potential revenue from the unused balance to be immaterial at the quarter ended June 30, 2016. · Comprehensive income ASC Topic 220, "Comprehensive Income", · Income taxes Income taxes are determined in accordance with the provisions of ASC Topic 740, "Income Taxes ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. For the three and six months ended June 30, 2016 and 2015, the Company did not have any interest and penalties associated with tax positions. As of June 30, 2016, the Company did not have any significant unrecognized uncertain tax positions. The Company conducts major businesses in the PRC and is subject to tax in this jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the foreign tax authority. · Net income per share The Company calculates net income per share in accordance with ASC Topic 260, "Earnings per Share." · Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The reporting currency of the Company is the United States Dollar ("US$"). The Company's subsidiaries in the PRC maintain their books and records in their local currency, the Renminbi Yuan ("RMB"), which is the functional currency as being the primary currency of the economic environment in which these entities operate. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, " Translation of Financial Statement Translation of amounts from RMB into US$1 has been made at the following exchange rates for the respective period: June 30, 2016 June 30, 2015 Period-end RMB:US$1 exchange rate 6.6434 6.0888 Average period RMB:US$1 exchange rate 6.5354 6.1128 · Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence. · Segment reporting ASC Topic 280, " Segment Reporting · Stock based compensation The Company accounts for ongoing corporate compliance and development service from the advisors or consultants under ASC 505-50. ASC 505-50-30-11 (previously EITF 96-18) further provides that an issuer measure the fair value of the equity instruments in these transactions using the stock price and other measurement assumptions as of the earlier of the following dates, referred to as the measurement date: i. The date at which a commitment for performance by the counterparty to earn the equity instruments is reached (a performance commitment); and ii. The date at which the counterparty's performance is complete. · Fair value of financial instruments The carrying value of the Company's financial instruments (excluding short-term bank borrowing and note payable): cash and cash equivalents, accounts and retention receivable, prepayments and other receivables, accounts payable, income tax payable, amount due to a related party, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. Management believes, based on the current market prices or interest rates for similar debt instruments, the fair value of short-term bank borrowings and note payable approximate the carrying amount. The Company also follows the guidance of the ASC Topic 820-10, " Fair Value Measurements and Disclosures · Level 1 · Level 2 : · Level 3 Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. · Consolidation of variable interest entities According to the requirements of Statement of Financial Accounting Standards No. 810-10, "Variable interest Entities", the Company has evaluated the economic relationships of its wholly owned subsidiary, Shenzhen Zhonghefangda Network Technology Co., Ltd. ("Zhonghefangda") with Junlong and has determined that it is required to consolidate Zhonghefangda and Junlong pursuant to the rules of FASB ASC Topic 810-10. Therefore Junlong is considered to be a VIE, as defined by FASB ASC Topic 810-10 of which Classic Bond is the primary beneficiary as a result of its wholly owned subsidiary Zhonghefangda. Classic Bond, as mentioned above, will absorb a majority of the economic risks and rewards of the VIE that are being consolidated in the accompanying financial statements. The carrying amount of the VIE's' assets and liabilities are as follows: June 30, 2016 December 31, 2015 Current assets and long-term rental deposit $ 18,596,648 $ 19,363,492 Property and equipment - 1,584,744 Total assets 18,596,648 20,948,236 Total liabilities (5,617,922 ) (5,805,683 ) Net assets $ 12,978,726 $ 15,142,553 Starting from June 30, 2016, the Company anticipated its corporate restructuring and VIE scaled down and ceased its operation of internet cafe chain in the PRC, due to the poor performance. The following table displays summarized activity in the Company's unaudited condensed consolidated statements of operations for discontinued operations during the three and six months ended June 30, 2016 and 2015. Three months ended 30 June, 2016 2015 Revenues $ 148,235 $ 284,408 Loss from discontinued operations, net of tax (1,368,952 ) (574,810 ) Six months ended 30 June, 2016 2015 Revenues $ 428,385 $ 661,272 Loss from discontinued operations, net of tax (1,843,500 ) (1,082,744 ) The operatingresult from VIE is presented as a discontinued operation in all periods in the financial statements issued by the Company. · Recent accounting pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

Cash and cash equivalents

Cash and cash equivalents	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Cash and Cash Equivalents	June 30, 2016 December 31, 2015 Cash at bank $ 18,528,425 $ 19,301,246 Cash on hand 11,537 3,254 $ 18,539,962 $ 19,304,500 Financial instruments that potentially subject the Company to significant concentration of credit risk consist primarily of cash and cash equivalents. As of June 30, 2016 and December 31, 2015, $18,527,871 and $19,299,626 of the Company's cash and cash equivalents were held by major banks located in the PRC, which management believes are of high credit quality, and $554 and $1,116 of the Company's cash and cash equivalents were held by Chase Bank, respectively.

Amount Due To a Related Party

Amount Due To a Related Party	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Amount Due To a Related Party	The amount due to Mr. Dishan Guo, a shareholder of the Company is unsecured with no stated interest and is payable on demand. The amount due as of June 30, 2016 represents amounts accumulated since 2007 used to pay daily operating expenses and professional fees.

Income Tax

Income Tax	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Income Tax	The Company is subject to U.S. federal income tax, and the Company's subsidiary and affiliated entity incorporated in the PRC are subject to enterprise income taxes in the PRC. The Company's applicable enterprise income tax rate in PRC is 25% of its net income. For the three and six months ended June 30, 2016 and 2015, the Company did not record any uncertain tax benefits. Aggregate undistributed earnings of approximately $13.8 million as of June 30, 2016 of the Company's affiliated entity that are available for distribution to the Company are considered to be indefinitely reinvested, and, accordingly, no provision has been made for the Chinese dividend withholding taxes that would be payable upon distribution to the Company. Additionally, the Chinese tax authorities have clarified that distributions made out of pre-January 1, 2009 retained earnings would not be subject to the withholding tax. The tax authorities may examine the tax returns of the Company three years after its fiscal year ended.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Stockholders' Equity	As of June 30, 2016, the Company had a total of 5,538,002 shares of its common stock issued and outstanding.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Commitments and Contingencies	In the normal course of business, the Company leases office space and internet cafes under operating leases agreements, which expire through 2020, relating to its discontinued operations. The Company rents internet cafe venues and office space, primarily for regional sales administration offices that are conducive to administrative operations. The operating lease agreements generally contain renewal options that may be exercised in the Company's discretion after the completion of the base rental terms. In addition, many of the leases provide for regular increases to the base rental rate at specified intervals, which usually occur on an annual basis. As of June 30, 2016, the Company was obligated under operating leases requiring minimum rentals as follows: Reminder of 2016 $ 193,174 2017 332,315 2018 82,505 2019 79,139 2020 60,165 $ 747,298 During the three and six months ended June 30, 2016, rent expenses amounted to $94,291 and $188,523, respectively, of which $0 and $85,057 was recorded as cost of sales, respectively. During the three and six months ended June 30, 2015, rent expenses amounted to $128,697 and $262,215, respectively, of which $118,922 and $236,955 was recorded as cost of sales, respectively.

Concentrations of Risk

Concentrations of Risk	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Concentration of Risk	The Company is exposed to the following concentrations of risk: (a) Major customers The Company did not have any customer constituting greater than 10% of net sales for the three and six months ended June 30, 2016 and 2015. All customers are located in the PRC. (b) Major vendors At June 30, 2016, there was no single one supplier of consignment snacks and drinks, which accounted for 100% of the Company's accounts payable. At June 30, 2015, there was one supplier of consignment snacks and drinks in the amount of $21,226, which accounted for 100% of the Company's accounts payable. All vendors are located in the PRC. (c) Interest rate risk Other financial assets and liabilities do not have material interest rate risk. (d) Foreign currency risk Most of the transactions of the Company were settled in Renminbi. In the opinion of the directors, the Company does not have significant foreign currency risk exposure. (e) Company's operations are substantially in foreign countries Substantially all of the Company's services are provided in China. The Company's operations are subject to various political, economic, and other risks and uncertainties inherent in China. Among other risks, the Company's operations are subject to the risks of restrictions on transfer of funds; export duties, quotas, and embargoes; domestic and international customs and tariffs; changing taxation policies; foreign exchange restrictions; and political conditions and governmental regulations. The Chinese government began tightening its regulation of internet cafes in 2001. In particular, a large number of unlicensed internet cafes have been closed. In addition, the Chinese government has imposed higher capital (RMB10,000,000 is required for a regional internet café chain and RMB 50,000,000 is required for a national internet café chain) and facility requirements for the establishment of internet cafes. Furthermore, the Chinese government's policy, which encourages the development of a limited number of national and regional internet cafe chains and discourages the establishment of independent internet cafes, may slow down the growth of internet cafes. Recently, the Ministry of Culture, together with other government authorities, issued a joint notice suspending the issuance of new internet cafe chain licenses. Any intensified government regulation of internet cafes could restrict our ability to maintain and expand our internet cafes. Currently, the Company uses only one internet service provider. However, there are other internet service providers available to the Company. The management of the Company believes that the risk of loss of internet services is not that high because other service providers are available to the Company.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Subsequent Events	The Company evaluated subsequent events through the date the financial statements were issued and filed with this Form 10-Q. There were no subsequent events that required recognition or disclosure.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Summary Of Significant Accounting Policies Policies
Use of estimates	In preparing condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. These accounts and estimates include, but are not limited to, the valuation of receivables due from related parties, inventories and the estimation of useful lives of plant and machinery and intangibles assets. Actual results could differ from those estimates. Warrants that could require cash settlement or have anti-dilution price protection provisions are recorded as liabilities at their estimated fair value at the date of issuance, with subsequent changes in estimated fair value recorded in other income (expense) in our statement of loss and comprehensive loss in each subsequent period. In general, warrants with anti-dilution provisions are measured using the binomial valuation model. The methodology based, in part, upon inputs for which there is little or no observable market data requires the Group to develop its own assumptions. The assumptions used in calculating the estimated fair value of the warrants represent our best estimates, however these estimates involve inherent uncertainties and the application of judgment. As a result, if factors change and different assumptions are used, the warrant liability and the change in estimated fair value could be materially different.
Basis of consolidation	The condensed consolidated financial statements include the accounts of China Internet Cafe Holdings Group, Inc., Classic Bond Development Limited, Zhonghefangda and the VIE-Junlong. All significant intercompany balances and transactions have been eliminated upon consolidation. The condensed consolidated financial statements included herein, presented in accordance with United States generally accepted accounting principles and stated in US dollars, have been prepared by the Company, pursuant to the rules and regulations of the Securities and Exchange Commission.
Cash and cash equivalents	Cash and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.
Property, plant and equipment	Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values: Expected useful life Residual value Leasehold improvements 5 years 5% cafe computer equipment and hardware 2 – 5 years 5% Cafe furniture and fixtures 5 years 5% Office furniture, fixture and equipment 5 years 5% Motor vehicles 5 years 5% Expenditure for repairs and maintenance is expensed as incurred. When assets have retired or sold, the cost and related accumulated depreciation are removed from the accounts and any resulting gain or loss is recognized in the results of operations. During the three and six months ended June 30, 2016, the Company made an impairment loss of $1,573,940 on property, plant and equipment of the discontinued operations.
Impairment of long-lived assets	In accordance with the provisions of ASC Topic 360, " Impairment or Disposal of Long-Lived Assets
Revenue recognition	In accordance with the ASC Topic 605, "Revenue Recognition" Internet café members purchase prepaid IC cards which include stored value or deposit money into member's accounts associated with their ID cards directly that will be deducted based on time usage of computers at the internet cafe. Revenues derived from the prepaid IC cards and ID card's accounts at the internet café are recognized when services are provided. This is based upon the usage of computer time at the internet cafe. Outstanding customer balances in the IC cards and ID card's accounts are included in deferred revenue on the balance sheets. The Company does not charge any service fees that cause a decrease to customer balances. There is no expiration date for IC cards and ID card's accounts. During 2014, the company began to use members' ID card's accounts instead of prepaid IC cards. The Company also records revenue from commissions received from the sale of third parties on-line gaming cards, snacks and drinks. Commission revenue amounting to 20% of the value of the on-line gaming cards, snacks and drinks is recognized at the time the gaming cards, etc. are sold to customers. During the six months ended June 30, 2016 and 2015, the commission income was $0 and $25,337, respectively, less than 0% and 4% of total revenue, which was included in the loss from discontinued operations.
Cost of revenue	Cost of revenue consists primarily of depreciation of each internet café's computer equipment and hardware and overhead associated with the internet cafes including rental payments, utilities, value added taxes, and surcharges. Our value added taxes is 3% on gross revenue generated from selling time of internet surfing in our internet cafes. Our other surcharges are an education surcharge of 3% of value added tax amount, city development surcharge of 7% of value added tax amount, a culture development surcharge of 3% of gross revenue, and a snacks and drinks business tax of 5% of gross revenue.
Deferred revenue	Deferred revenue represents unused balances of the prepaid amounts received for ID cards. The Outstanding customer balances are $169,114 and $147,103 as of June 30, 2016 and December 31, 2015, respectively, and are included in deferred revenue on the balance sheets. Management has evaluated the deferred revenue balance and has determined any potential revenue from the unused balance to be immaterial at the quarter ended June 30, 2016.
Comprehensive Income	ASC Topic 220, "Comprehensive Income",
Income Tax	Income taxes are determined in accordance with the provisions of ASC Topic 740, "Income Taxes ASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. For the three and six months ended June 30, 2016 and 2015, the Company did not have any interest and penalties associated with tax positions. As of June 30, 2016, the Company did not have any significant unrecognized uncertain tax positions. The Company conducts major businesses in the PRC and is subject to tax in this jurisdiction. As a result of its business activities, the Company files tax returns that are subject to examination by the foreign tax authority.
Net income per share	The Company calculates net income per share in accordance with ASC Topic 260, "Earnings per Share."
Foreign currencies translation	Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The reporting currency of the Company is the United States Dollar ("US$"). The Company's subsidiaries in the PRC maintain their books and records in their local currency, the Renminbi Yuan ("RMB"), which is the functional currency as being the primary currency of the economic environment in which these entities operate. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the US$ are translated into US$, in accordance with ASC Topic 830-30, " Translation of Financial Statement Translation of amounts from RMB into US$1 has been made at the following exchange rates for the respective period: June 30, 2016 June 30, 2015 Period-end RMB:US$1 exchange rate 6.6434 6.0888 Average period RMB:US$1 exchange rate 6.5354 6.1128
Related parties	Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Companies are also considered to be related if they are subject to common control or common significant influence.
Segment reporting	ASC Topic 280, " Segment Reporting
Stock based compensation	The Company accounts for ongoing corporate compliance and development service from the advisors or consultants under ASC 505-50. ASC 505-50-30-11 (previously EITF 96-18) further provides that an issuer measure the fair value of the equity instruments in these transactions using the stock price and other measurement assumptions as of the earlier of the following dates, referred to as the measurement date: i. The date at which a commitment for performance by the counterparty to earn the equity instruments is reached (a performance commitment); and ii. The date at which the counterparty's performance is complete.
Fair value of financial instruments	The carrying value of the Company's financial instruments (excluding short-term bank borrowing and note payable): cash and cash equivalents, accounts and retention receivable, prepayments and other receivables, accounts payable, income tax payable, amount due to a related party, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. Management believes, based on the current market prices or interest rates for similar debt instruments, the fair value of short-term bank borrowings and note payable approximate the carrying amount. The Company also follows the guidance of the ASC Topic 820-10, " Fair Value Measurements and Disclosures · Level 1 · Level 2 : · Level 3 Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.
Consolidation of variable interest entities	According to the requirements of Statement of Financial Accounting Standards No. 810-10, "Variable interest Entities", the Company has evaluated the economic relationships of its wholly owned subsidiary, Shenzhen Zhonghefangda Network Technology Co., Ltd. ("Zhonghefangda") with Junlong and has determined that it is required to consolidate Zhonghefangda and Junlong pursuant to the rules of FASB ASC Topic 810-10. Therefore Junlong is considered to be a VIE, as defined by FASB ASC Topic 810-10 of which Classic Bond is the primary beneficiary as a result of its wholly owned subsidiary Zhonghefangda. Classic Bond, as mentioned above, will absorb a majority of the economic risks and rewards of the VIE that are being consolidated in the accompanying financial statements. The carrying amount of the VIE's' assets and liabilities are as follows: June 30, 2016 December 31, 2015 Current assets and long-term rental deposit $ 18,596,648 $ 19,363,492 Property and equipment - 1,584,744 Total assets 18,596,648 20,948,236 Total liabilities (5,617,922 ) (5,805,683 ) Net assets $ 12,978,726 $ 15,142,553 Starting from June 30, 2016, the Company anticipated its corporate restructuring and VIE scaled down and ceased its operation of internet cafe chain in the PRC, due to the poor performance. The following table displays summarized activity in the Company's unaudited condensed consolidated statements of operations for discontinued operations during the three and six months ended June 30, 2016 and 2015. Three months ended 30 June, 2016 2015 Revenues $ 148,235 $ 284,408 Loss from discontinued operations, net of tax (1,368,952 ) (574,810 ) Six months ended 30 June, 2016 2015 Revenues $ 428,385 $ 661,272 Loss from discontinued operations, net of tax (1,843,500 ) (1,082,744 ) The operatingresult from VIE is presented as a discontinued operation in all periods in the financial statements issued by the Company.
Recent accounting pronouncements	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and do not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2016
Summary Of Significant Accounting Policies Tables
Schedule Of Property Plant And Equipment Estimated Useful Lives	Expected useful life Residual value Leasehold improvements 5 years 5% cafe computer equipment and hardware 2 – 5 years 5% Cafe furniture and fixtures 5 years 5% Office furniture, fixture and equipment 5 years 5% Motor vehicles 5 years 5%
Schedule of Differences between Reported Amount and Reporting Currency Denominated Amount	Translation of amounts from RMB into US$1 has been made at the following exchange rates for the respective period: June 30, 2016 June 30, 2015 Period-end RMB:US$1 exchange rate 6.6434 6.0888 Average period RMB:US$1 exchange rate 6.5354 6.1128
Schedule of Variable Interest Entities	The carrying amount of the VIE's' assets and liabilities are as follows: June 30, 2016 December 31, 2015 Current assets and long-term rental deposit $ 18,596,648 $ 19,363,492 Property and equipment - 1,584,744 Total assets 18,596,648 20,948,236 Total liabilities (5,617,922 ) (5,805,683 ) Net assets $ 12,978,726 $ 15,142,553 The following table displays summarized activity in the Company's unaudited condensed consolidated statements of operations for discontinued operations during the three and six months ended June 30, 2016 and 2015. Three months ended 30 June, 2016 2015 Revenues $ 148,235 $ 284,408 Loss from discontinued operations, net of tax (1,368,952 ) (574,810 ) Six months ended 30 June, 2016 2015 Revenues $ 428,385 $ 661,272 Loss from discontinued operations, net of tax (1,843,500 ) (1,082,744 )

Cash and cash equivalents (Tabl

Cash and cash equivalents (Tables)	6 Months Ended
	Jun. 30, 2016
Cash And Cash Equivalents Tables
Schedule of Cash and Cash Equivalents	June 30, 2016 December 31, 2015 Cash at bank $ 18,528,425 $ 19,301,246 Cash on hand 11,537 3,254 $ 18,539,962 $ 19,304,500

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2016
Commitments And Contingencies Tables
Schedule of Future Minimum Rental Payments for Operating Leases	As of June 30, 2016, the Company was obligated under operating leases requiring minimum rentals as follows: Reminder of 2016 $ 193,174 2017 332,315 2018 82,505 2019 79,139 2020 60,165 $ 747,298

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2016
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Residual value	5.00%
Cafe Computer Equipments and Hardwares [Member]
Property, Plant and Equipment [Line Items]
Residual value	5.00%
Cafe Computer Equipments and Hardwares [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	2 years
Cafe Computer Equipments and Hardwares [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Cafe Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Residual value	5.00%
Office Furniture, Fixtures and Equipments [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Residual value	5.00%
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Residual value	5.00%

Summary of Significant Accoun22

Summary of Significant Accounting Policies (Details 1)	Jun. 30, 2016	Jun. 30, 2015
Closing Buying Rates [Member]
Foreign Currency Exchange Rate Translation	6.6434	6.0888
Average Ask Rates [Member]
Foreign Currency Exchange Rate Translation	6.5354	6.1128

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Details 2) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Summary Of Significant Accounting Policies Details 2
Current assets and Long term rental deposit	$ 18,596,648		$ 18,596,648		$ 19,363,492
Property, plant and equipment					1,584,744
Total assets	18,596,648		18,596,648		20,948,236
Total liabilities	(5,617,922)		(5,617,922)		(5,805,683)
Net assets	12,978,726		12,978,726		$ 15,142,553
Revenues	148,235	$ 284,408	428,385	$ 661,272
Loss from discontinued operations, net of tax	$ (1,368,952)	$ (574,810)	$ (1,843,500)	$ (1,082,744)

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Summary Of Significant Accounting Policies Details Narrative
Impairment loss	$ 1,573,940
Commission Income	$ 0	$ 25,337
Percentage Of Commission Income On Revenue	less than 0% and 4%
Deferred revenue	$ 169,114		$ 147,103

Cash and cash equivalents (Deta

Cash and cash equivalents (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014
Cash And Cash Equivalents Details
Cash and cash equivalents at bank	$ 18,528,425	$ 19,301,246
Cash on hand	11,537	3,254
Cash	$ 18,539,962	$ 19,304,500	$ 23,219,084	$ 23,789,211

Cash and cash equivalents (De26

Cash and cash equivalents (Details Narrative) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Cash and cash equivalents at bank	$ 18,528,425	$ 19,301,246
Prc [Member]
Cash and cash equivalents at bank	18,527,871	19,299,626
Chase Bank [Member]
Cash and cash equivalents at bank	$ 554	$ 1,116

Income Tax (Details Narrative)

Income Tax (Details Narrative)	6 Months Ended
	Jun. 30, 2016USD ($)
Income Tax Details Narrative
Undistributed Earnings Net	$ 13,800,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	25.00%

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - shares	Jun. 30, 2016	Dec. 31, 2015
Stockholders Equity Details Narrative
Common stock, shares issued	5,538,002	5,538,002
Common stock, shares outstanding	5,538,002	5,538,002

Commitments and Contingencies29

Commitments and Contingencies (Details)	Jun. 30, 2016USD ($)
Commitments And Contingencies Details
Reminder of 2016	$ 193,174
2,017	332,315
2,018	82,505
2,019	79,139
2,020	60,165
Operating Leases, Future Minimum Payments Due	$ 747,298

Commitments and Contingencies30

Commitments and Contingencies (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Operating Leases, Rent Expense, Net	$ 94,291	$ 128,697	$ 188,523	$ 262,215
Cost of Sales [Member]
Operating Leases, Rent Expense, Net	$ 0	$ 118,922	$ 85,057	$ 236,955

Concentrations (Details Narrati

Concentrations (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Accounts payable	$ 20,602		$ 20,602		$ 107,310
Consignment Snacks and Drinks [Member]
Accounts payable	$ 21,226		$ 21,226
Customer Concentration Risk [Member] | Sales Revenue, Net [Member]
Concentration Risk, Percentage	10.00%	10.00%	10.00%	10.00%
Supplier Concentration Risk [Member]
Accounts Payable Percentage	100.00%		100.00%