Wonhe High-Tech International (WHHT) 10-Q 15 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 15, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Wonhe High-Tech International, Inc.
Entity Central Index Key	1,434,388
Trading Symbol	whht
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		73,510,130

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash	$ 45,308,902	$ 42,085,769
Accounts receivable	6,317,837	7,798,031
Inventory	1,964	1,785
Interest receivable	403,823	100,176
Prepaid expenses	9,182	14,998
Total current assets	52,041,708	50,000,759
Fixed assets	844,346	831,534
Less: accumulated depreciation	(430,901)	(401,535)
Fixed assets, net	413,445	429,999
Other assets:
Intangible assets, net	7,618	9,180
Loan receivable	23,531,539	23,349,800
Other assets	27,910	31,378
Deferred tax assets	113,900	126,535
Total other assets	23,680,967	23,516,893
TOTAL ASSETS	76,136,120	73,947,651
Current liabilities:
Accounts payable	27	1,382,335
Payroll payable	56,134	54,708
Taxes payable	360,914	374,736
Loan from stockholder	728,549	434,324
Dividend payable	319,177
Accrued expenses and other payables	282,403	414,141
Total current liabilities	1,747,204	2,660,244
Commitments and Contingencies
Stockholders' equity:
Preferred stock: $0.001 par value; 10,000,000 shares authorized; none issued and outstanding
Common stock: $0.001 par value; 90,000,000 shares authorized; 73,510,130 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	73,510	73,510
Additional paid-in capital	38,791,666	38,791,666
Retained earnings	14,179,492	12,469,735
Statutory reserve fund	2,119,892	2,119,892
Other comprehensive (loss) income	(4,007,691)	(4,145,398)
Stockholders' equity before noncontrolling interests	51,156,869	49,309,405
Noncontrolling interests	23,232,047	21,978,002
Total stockholders' equity	74,388,916	71,287,407
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 76,136,120	$ 73,947,651

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	73,510,130	73,510,130
Common stock, shares outstanding	73,510,130	73,510,130

Consolidated Statements Of Inco

Consolidated Statements Of Income And Other Comprehensive Income - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Sales	$ 15,619,240	$ 10,420,141
Cost of sales	(10,610,508)	(6,866,062)
Gross profit	5,008,732	3,554,079
Operating expenses:
Research and development expenses	639,540	47,109
Selling and marketing expenses	160,761	154,724
General and administrative expenses	240,792	367,312
Total operating expenses	1,041,093	569,145
Income from operations	3,967,639	2,984,934
Other income (expense):
Interest income	361,189	89,354
Other non-operating income (expenses)	241	(2,734)
Total non-operating income	361,430	86,620
Income before provision for income taxes	4,329,069	3,071,554
Provision for income taxes	1,099,367	397,305
Net income	3,229,702	2,674,249
Noncontrolling interests	(1,519,945)	(1,260,549)
Net income attributable to common stockholders	$ 1,709,757	$ 1,413,700
Earnings per common share, basic and diluted	$ 0.02	$ 0.02
Weighted average shares outstanding, basic and diluted	73,510,130	58,510,130
Comprehensive income:
Net income	$ 3,229,702	$ 2,674,249
Foreign currency translation adjustment	190,984	437,197
Comprehensive income	3,420,686	3,111,446
Comprehensive income attributable to noncontrolling interests	1,573,222	1,391,419
Comprehensive income attributable to common stockholders	$ 1,847,464	$ 1,720,027

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - 3 months ended Mar. 31, 2017 - USD ($)	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Statutory Reserve Fund	Noncontrolling Interests	Other Comprehensive Income (loss)
Balance at Dec. 31, 2016	$ 71,287,407	$ 73,510	$ 38,791,666	$ 12,469,735	$ 2,119,892	$ 21,978,002	$ (4,145,398)
Net income	3,229,702			1,709,757		1,519,945
Dividend declared	319,177					(319,177)
Other comprehensive income	190,984					53,277	137,707
Balance at Mar. 31, 2017	$ 74,388,916	$ 73,510	$ 38,791,666	$ 14,179,492	$ 2,119,892	$ 23,232,047	$ (4,007,691)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 3,229,702	$ 2,674,249
Adjustment to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	27,882	100,912
Loss on disposal of fixed assets		2,734
Change in operating assets and liabilities:
Decrease (increase) in accounts receivable	1,545,338	(814,609)
(Increase) in inventory	(179)
Decrease in other assets	3,468
Decrease in prepaid expenses	5,771
Decrease in prepaid income taxes		395,160
Decrease in deferred tax assets	13,623
(Increase) in interest receivable	(302,959)
Increase (decrease) in payroll payable	1,000	(868)
(Decrease) increase in taxes payable	(36,826)	8,545
(Decrease) in accounts payable	(1,393,517)
Increase (decrease) in accrued expenses and other payable	369,483	(9,588)
Net cash provided by operating activities	3,462,786	2,356,535
Cash flows from investing activities:
Purchase of property, plant and equipment	(6,342)	(40,682)
Purchase of intangible assets		(7,613)
Investment in project		(3,795,468)
Net cash (used in) investing activities	(6,342)	(3,843,763)
Effect of exchange rate changes on cash	(233,311)	360,994
Net change in cash	3,223,133	(1,126,234)
Cash, beginning	42,085,769	52,074,752
Cash, ending	45,308,902	50,948,518
Supplemental disclosure of cash flow information:
Cash paid for income taxes	1,053,707
Cash paid for interest
Noncash financing activities:
Dividend declared, not paid	319,177
Payment of accrued expenses by stockholder	$ 369,483	$ 25,000

Organization and Business

Organization and Business	3 Months Ended
	Mar. 31, 2017
Organization and Business [Abstract]
ORGANIZATION AND BUSINESS	1. ORGANIZATION AND BUSINESS Wonhe High-Tech International, Inc. (the “Company” or “Wonhe High-Tech”) was incorporated in the State of Nevada on August 13, 2007. The Company changed its name from Baby Fox International, Inc. to Wonhe High-Tech International, Inc. on April 20, 2012. On June 27, 2012, the Company acquired all of the outstanding capital stock of World Win International Holding Ltd. or “World Win” in exchange for 19,128,130 shares of the Company’s common stock (the “Share Exchange”). As a result of the acquisition in June 2012, the Company’s consolidated subsidiaries included World Win, the Company’s wholly-owned subsidiary, which is incorporated under the laws of the British Virgin Island (“BVI”), Kuayu International Holdings Group Limited (Hong Kong), or “Kuayu,” a wholly-owned subsidiary of World Win which is incorporated under the laws of Hong Kong, and Shengshihe Management Consulting (Shenzhen) Co., Ltd., or “Shengshihe Consulting,” a wholly-owned subsidiary of Kuayu which is incorporated under the laws of the People’s Republic of China (“PRC”). The Company also consolidated the financial position and results of operations of Shenzhen Wonhe Technology Co., Ltd., or “Shenzhen Wonhe,” a company incorporated under the laws of the PRC. Until September 15, 2015 Shenzhen Wonhe was effectively and substantially controlled by Shengshihe Consulting through a series of captive agreements, and was considered a variable interest entity (“VIE”) of Shengshihe Consulting, the effect of which was to cause the balance sheet and operating results of Shenzhen Wonhe to be consolidated with those of Shengshihe Management in the Company’s financial statements. On September 15, 2015, Shengshihe Consulting exercised its option to purchase all of the registered equity of Shenzhen Wonhe. As a result of the acquisition by Shengshihe Consulting of the registered ownership of Shenzhen Wonhe, the balance sheet and operating results of Shenzhen Wonhe are consolidated with those of Shengshihe Consulting as its 100% owned subsidiary. In July 2015, World Win, the Company’s wholly-owned subsidiary, organized Wonhe Multimedia Commerce Ltd. (“Australian Wonhe”) under Australian law. 60% of the capital stock of Australian Wonhe was issued to World Win, 25% was issued to Wonhe International (Hong Kong), which is wholly owned and controlled by Qing Tong, who is Chairman of the Board of Wonhe High-Tech and the remaining 15% was issued to three non-affiliated financial consultants. On August 5, 2015, World Win sold all of the outstanding capital stock of Kuayu to Australian Wonhe. In exchange for Kuayu, Australian Wonhe paid World Win $10,000 Hong Kong Dollars (US $1,290). Kuayu is the sole owner of Shengshihe Consulting, which in turn owns Shenzhen Wonhe, the Company’s operating company. The effect of the sale of Kuayu, therefore, reduced the interest of the Company in its operating company by 40%. On December 21, 2015, the Company’s 60% owned subsidiary, Australia Wonhe was listed on the ASX and sold 16,951,802 of its ordinary shares for net proceeds of $1,941,318. The Company’s current organization structure is as follows: Shenzhen Wonhe is a Chinese entity established on November 16, 2010 with registered capital of $7,495,000. Since its formation, Shenzhen Wonhe has been involved in the research and development, outsourced-manufacturing and sale of hi-tech products based on x86 (instruction set architecture based on the Intel 8086 CPU) and ARM (32-bit reduced instruction set architecture). Current products still under research and development include a Smart Media Box (SMB), Home Smart Server (HSS), Mini PC (MPC), All in One PC (AIO-PC), Business PAD (B-PAD), and Portable PAD (P-PAD). Since 2015, the Company has also marketed Wi-Fi-Routers. Currently Shenzhen Wonhe offers three such routers: YLT-100S and YLT-300J for use by individuals, and YLT-300S for use primarily in shopping malls. Shenzhen Wonhe is located in the Shenzhen, Guangdong Province in the PRC.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting and Presentation The accompanying consolidated financial statements have been prepared on the accrual basis of accounting. The consolidated financial statements as of and for the three months ended March 31, 2017 and 2016 include Wonhe High-Tech, World Win, Wonhe Multimedia, Kuayu, Shengshihe Consulting and Shenzhen Wonhe. All significant intercompany accounts and transactions have been eliminated in consolidation. The unaudited interim consolidated financial statements of the Company as of March 31, 2017 and for the three months ended March 31, 2017 and 2016 have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the SEC which apply to interim financial statements. Accordingly, they do not include all of the information and footnotes normally required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the periods presented. The interim consolidated financial information should be read in conjunction with the consolidated financial statements and the notes thereto, included in the Company’s Form 10-K filed with the SEC. The results of operations for the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for future quarters or for the year ending December 31, 2017. All consolidated financial statements and notes to the consolidated financial statements are presented in United States dollars (“US Dollar” or “US$” or “$”). Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Foreign Currency Translation Almost all of the Company’s assets are located in the PRC. The functional currency for the majority of the operations is the Renminbi (“RMB”). For Kuayu, the functional currency for the majority of its operations is the Hong Kong Dollar (“HKD”). For Australian Wonhe, the functional currency is the Australian dollar (“AUD”). The Company uses the US Dollar for financial reporting purposes. The consolidated financial statements of the Company have been translated into US dollars in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification “ASC” section 830, “Foreign Currency Matters.” All asset and liability accounts have been translated using the exchange rate in effect at the balance sheet date. Equity accounts have been translated at their historical exchange rates when the capital transactions occurred. The consolidated statements of operations and other comprehensive income (loss) amounts have been translated using the average exchange rate for the periods presented. Adjustments resulting from the translation of the Company’s consolidated financial statements are recorded as other comprehensive income (loss). The exchange rates used to translate amounts in RMB into US dollars for the purposes of preparing the consolidated financial statements are as follows: March 31, 2017 December 31, (Unaudited) Balance sheet items, except for stockholders’ equity, as of period’s end 0.1451 0.1440 Three Months Ended March 31, 2017 2016 (Unaudited) (Unaudited) Amounts included in the statements of income and comprehensive income, changes in stockholders’ equity and cash flows for the periods presented 0.1452 0.1529 The exchange rates used to translate amounts in AUD into US dollars for the purposes of preparing the consolidated financial statements are as follows: March 31, 2017 December 31, 2016 (Unaudited) Balance sheet items, except for stockholders’ equity, as of period’s end 0.7645 0.7202 Three Months Ended March 31, 2017 2016 (Unaudited) (Unaudited) Amounts included in the statements of income and comprehensive income, changes in stockholders’ equity and cash flows for the periods presented 0.7576 0.7219 For the three months ended March 31, 2017 and 2016, foreign currency translation adjustments of $190,984 and $437,197, respectively, have been reported as other comprehensive income (loss). Other comprehensive income (loss) of the Company consists solely of foreign currency translation adjustments. Pursuant to FASB ASC 740-30-25-17, “Exceptions to Comprehensive Recognition of Deferred Income Taxes,” Although PRC government regulations now allow convertibility of the RMB for current account transactions, significant restrictions still remain. Hence, such translations should not be construed as representations that the RMB could be converted into US and Australian dollars at that rate or any other rate. The value of the RMB against the US and Australian dollar may fluctuate and is affected by, among other things, changes in the PRC’s political and economic conditions. Any significant revaluation of the RMB may materially affect the Company’s financial condition in terms of US dollar reporting. Revenue and Cost Recognition The Company receives revenues from the sale of electronic products. The Company’s revenue recognition policies are in compliance with SEC Staff Accounting Bulletin (“SAB”) 104 (codified in FASB ASC Topic 605). Sales revenue is recognized when the products are delivered and when customer acceptance occurs, the price is fixed or determinable, no other significant obligations of the Company exist, and collectability is reasonably assured. Finished goods are delivered from outsourced manufacturers to the Company. Revenue is recognized when the title to the products has been passed to the customer, which is the date the products are picked up by the customer at the Company’s location or delivered to the designated locations by Company employees and accepted by the customer and the previously discussed requirements are met. The customer’s acceptance occurs upon inspection at the time of pickup or delivery by signing an acceptance form. The Company does not provide its customers with the right of return. A 36-month warranty is offered to customers for exchange or repair of defective products, the cost of which is substantially covered by the outsourced manufacturers’ warranty policies as specified in the contract between the Company and its outsourced manufacturers. As a result, the Company does not recognize a warranty liability. The Company follows the guidance set forth by FASB ASC 605-45-45 to assess whether the Company acts as the principal or agent in the transaction. The determination involves judgment and is based on an evaluation of whether the Company has the substantial risks and rewards of ownership under the terms of the arrangement. Based on the assessment, the Company determined it acts as a principal in the transaction and reports revenues on the gross basis. FASB ASC 605-45-45 sets forth eight criteria that support reporting recognition of gross revenue (i.e. principal sales) and three that support reporting net revenue (i.e. agent sales). As applied to the relationship between the Company, its manufacturers, and its customers, the following are the criteria that support reporting gross revenue: ● Shenzhen Wonhe is the primary obligor in each sale, as it is responsible for fulfillment of customer orders, including the acceptability of the products purchased by the customer. ● Shenzhen Wonhe has general inventory risk, as it takes title to a product before that product is ordered by or delivered to a customer. ● Shenzhen Wonhe establishes its own pricing for its products. ● Shenzhen Wonhe has discretion in supplier selection. ● Shenzhen Wonhe designed the Home Media Center Model 720 (the “HMC720”) and the two Wifi Routers and is responsible for all of its specifications. ● Shenzhen Wonhe has physical inventory loss risk until the product is delivered to the customer. ● Shenzhen Wonhe has full credit risk for amounts billed to its customers. The only criterion supporting recognition of gross revenue that is not satisfied by the relationship between the Company and its manufacturers is: the entity changes the product or performs part of the service. Moreover, none of the three criteria supporting recognition of net revenue is present in the Company’s sales transactions. For this reason, the Company records gross revenue with respect to sales by Shenzhen Wonhe. Fair Value of Financial Instruments FASB ASC 820 specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). In accordance with ASC 820, the following summarizes the fair value hierarchy: Level 1 Inputs – Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. Level 2 Inputs – Inputs other than the quoted prices in active markets that are observable either directly or indirectly. Level 3 Inputs – Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements. ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurements. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. As of March 31, 2017 and December 31, 2016, none of the Company’s assets and liabilities were required to be reported at fair value on a recurring basis. Carrying values of non-derivative financial instruments, including cash, accounts receivable and various receivables and payables, approximate their fair values due to the short term nature of these financial instruments. There were no changes in methods or assumptions during the periods presented. Advertising Costs Advertising costs are paid to an advertising agency for market analysis and strategic planning and are charged to operations when incurred. Advertising costs were $108,869 and $112,950 for the three months ended March 31, 2017 and 2016, respectively. Research and Development Costs The Company develops software to be marketed as part of its products, and that is not for internal use. The software is essential to the functionality of the Company’s tangible products. Therefore, the Company accounts for research and development costs incurred in development of its software in accordance with FASB ASC 985-20. Research and development costs are charged to operations when incurred. Development costs of computer software to be sold, leased, or otherwise marketed are subject to capitalization beginning when a product’s technological feasibility has been established and ending when a product is available for general release to customers. In most instances, the Company’s products are released soon after technological feasibility has been established. Therefore, costs incurred subsequent to achievement of technological feasibility are usually not significant, and generally most software development costs have been expensed as incurred. Research and development costs were $639,540 and $47,109 for the three months ended March 31, 2017 and 2016, respectively. Cash and Cash Equivalents The Company considers all demand and time deposits and all highly liquid investments with an original maturity of three months or less to be cash equivalents. Accounts Receivable Accounts receivable are stated at cost, net of an allowance for doubtful accounts. Receivables outstanding longer than the payment terms are considered past due. The Company provides an allowance for doubtful accounts for estimated losses resulting from the failure of customers to make required payments when due. The Company reviews the accounts receivable on a periodic basis and makes allowances where there is doubt as to the collectability of the outstanding balance. In evaluating the collectability of an individual receivable balance, the Company considers many factors, including the age of the balance, the customer’s payment history, its current credit-worthiness and current economic trends. As of March 31, 2017 and December 31, 2016, the Company considered all accounts receivable collectable and an allowance for doubtful accounts was not necessary. For the three months ended March 31, 2017 and 2016, the Company did not write off any accounts receivable as bad debts. Fixed Assets and Depreciation Fixed assets are recorded at cost, less accumulated depreciation. Cost includes the price paid to acquire the asset, and any expenditure that substantially increases the asset’s value or extends the useful life of an existing asset. Leasehold improvements are amortized over the lesser of the remaining term of the lease or the estimated useful lives of the improvements. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Major repairs and betterments that significantly extend original useful lives or improve productivity are capitalized and depreciated over the periods benefited. Maintenance and repairs are generally expensed as incurred. The estimated useful lives for fixed asset categories are as follows: Office equipment 5 years Motor vehicles 5 years Impairment of Long-lived Assets The Company applies FASB ASC 360, “Property, Plant and Equipment,” Statutory Reserve Fund Pursuant to corporate law of the PRC, Shengshihe Consulting and Shenzhen Wonhe are required to transfer 10% of their net income, as determined under PRC accounting rules and regulations, to a statutory reserve fund until such reserve balance reaches 50% of their registered capital. The statutory reserve fund is non-distributable, other than during liquidation, and can be used to fund prior years’ losses, if any, and may be utilized for business expansion or used to increase registered capital, provided that the remaining reserve balance after such use is not less than 25% of the registered capital. As of March 31, 2017, $2,119,892 has been transferred from retained earnings to the statutory reserve fund. Income Taxes The Company accounts for income taxes in accordance with FASB ASC 740, “Income Taxes” ASC 740 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with these tax positions. As of March 31, 2017 and December 31, 2016, the Company did not have any liabilities for unrecognized tax benefits. The income tax laws of various jurisdictions in which the Company and its subsidiaries operate are summarized as follows: United States The Company is subject to United States tax at graduated rates from 15% to 35%. No provision for income taxes in the United States has been made as the Company had no U.S. taxable income for the three months ended March 31, 2017 and 2016. BVI World Win is incorporated in the BVI and is governed by the income tax laws of the BVI. According to current BVI income tax law, the applicable income tax rate for the Company is 0%. Australia Australian Wonhe is incorporated in Australia. Pursuant to the income tax laws of Australia, the Company is not subject to tax on non-Australia source income. Hong Kong Kuayu International is incorporated in Hong Kong. Pursuant to the income tax laws of Hong Kong, the Company is not subject to tax on non Hong Kong source income. PRC Shenzhen Wonhe and Shengshihe Consulting are subject to an Enterprise Income Tax at 25% and each file their own tax returns. Consolidated tax returns are not permitted in China. Noncontrolling Interests The noncontrolling interest in Wonhe Multimedia not attributable, directly or indirectly to the Company, is measured at its carrying value in the stockholders’ equity section of the consolidated balance sheets. Net Income Per Share The Company computes net income per common share in accordance with FASB ASC 260, “Earnings Per Share”

Recently Issued Accounting Stan

Recently Issued Accounting Standards	3 Months Ended
	Mar. 31, 2017
Recently Issued Accounting Standards [Abstract]
RECENTLY ISSUED ACCOUNTING STANDARDS	3. RECENTLY ISSUED ACCOUNTING STANDARDS In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. This ASU addresses the classification of certain specific cash flow issues including debt prepayment or extinguishment costs, settlement of certain debt instruments, contingent consideration payments made after a business combination, proceeds from the settlement of certain insurance claims and distributions received from equity method investees. This ASU is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years, with early adoption permitted. An entity that elects early adoption must adopt all of the amendments in the same period. The Company is currently evaluating the effect this ASU will have on its consolidated statement of cash flows. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The new standard requires financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The standard will be effective for the Company beginning January 1, 2020, with early application permitted. The Company is evaluating the impact of adopting this new accounting guidance on its consolidated financial statements. In May, 2016, the FASB issued ASU No. 2016-10, Revenue with Contracts with Customers: Narrow-scope Improvements and Practical Expedients, which is an amendment to ASU No. 2014-09 that clarifies the objective of the collectability criterion, to allow entities to exclude amounts collected from customers from all sales taxes from the transaction price, to specify the measurement date for noncash consideration is contract inception, variable consideration guidance applies only to variability resulting from reasons other than the form of the consideration, and clarification on contract modifications at transition. The implementation guidelines follow ASU No. 2014-09. In April, 2016, the FASB issued ASU No. 2016-10, Revenue with Contracts with Customers: Identifying Performance Obligations and Licensing, which is an amendment to ASU No. 2014-09 that clarifies the aspects of identifying performance obligations and the licensing implementing guidance, while retaining the related principles within those areas. The implementation guidelines follow ASU No. 2014-09. In March, 2016, the FASB issued ASU No. 2016-08, Revenue with Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus net), which is an amendment to ASU No. 2014-09 that improved the operability and understandability of implementation guidance versus agent considerations by clarifying the determination of principal versus agent. The implementation guidelines follow ASU No. 2014-09. In March 2016, the FASB issued ASU No. 2016-06, Contingent Put and Call Options in Debt Instruments, Derivatives and Hedging (Topic 815). ASU 2016-06 clarifies that determining whether the economic characteristics of a put or call are clearly and closely related to its debt host requires only an assessment of the four-step decision sequence outlined in FASB ASC paragraph 815-15-25-24. Additionally, entities are not required to separately assess whether the contingency itself is clearly and closely related. The standard is effective for public business entities in interim and annual periods in fiscal years beginning after December 15, 2016. Early adoption is permitted in any interim period for which the entity’s financial statements have not been issued, but would be retroactively applied to the beginning of the year that includes the interim period. The standard requires a modified retrospective transition approach, with a cumulative catch-up adjustment to opening retained earnings in the period of adoption. For instruments that are eligible for the fair value option, an entity has a one-time option to irrevocably elect to measure the debt instrument affected by the standard in its entirety at fair value with changes in fair value recognized in earnings. The Company does not expect the application of this guidance to have a material impact on the Company’s Consolidated Statements of Operations or Consolidated Statements of Condition. In March 2016, the FASB issued ASU 2016-07, Investments—Equity Method and Joint Ventures (Topic 323): Simplifying the Transition to the Equity Method of Accounting. This new guidance effectively removes the retroactive application imposed in current guidance when an investment qualifies for use of the equity method as a result of an increase in the level of ownership interest or degree of influence. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. The new standard becomes effective for the Company on January 1, 2017. Early adoption is permissible. The Company does not anticipate the adoption of ASU 2015-11 to have a material impact on the consolidated financial statements and related disclosures. In March 2016, the FASB Issued ASU No. 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The updated guidance changes how companies account for certain aspects of share-based payment awards to employees, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. The standard will be effective for the Company beginning January 1, 2017, with early application permitted. The Company is evaluating the impact of adopting this new accounting guidance on its consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, Leases. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. This accounting standard update is not expected to have a material impact on the Company’s financial statements. In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The updated guidance enhances the reporting model for financial instruments, which includes amendments to address aspects of recognition, measurement, presentation and disclosure. The update to the standard is effective for the Company beginning June 1, 2018. The Company is currently evaluating the effect the guidance will have on the Consolidated Financial Statements.

Fixed Assets

Fixed Assets	3 Months Ended
	Mar. 31, 2017
Fixed Assets [Abstract]
FIXED ASSETS	4. FIXED ASSETS Fixed assets at March 31, 2017 and December 31, 2016 are summarized as follows: March 31, 2017 December 31, 2016 (Unaudited) Office equipment $ 220,824 $ 212,828 Motor vehicles 623,522 618,706 844,346 831,534 Less: accumulated depreciation (430,901 ) (401,535 ) Fixed assets, net $ 413,445 $ 429,999 Depreciation expense charged to operations for the three months ended March 31, 2017 and 2016 was $26,249 and $91,579, respectively.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2017
Intangible Assets [Abstract]
INTANGIBLE ASSETS	5. INTANGIBLE ASSETS Intangible assets at March 31, 2017 and December 31, 2016 are summarized as follows: March 31, 2016 December 31, (Unaudited) Software $ 50,035 $ 49,649 Less: accumulated amortization (42,417 ) (40,469 ) Intangible assets, net $ 7,618 $ 9,180 Amortization expense charged to operations for the years ended March 31, 2017 and 2016 was $1,633 and $9,333 respectively.

Commitments

Commitments	3 Months Ended
	Mar. 31, 2017
Commitments/Contingencies [Abstract]
COMMITMENTS	6. COMMITMENTS In May 2015, the Company entered into a lease agreement with an unrelated party at a monthly rent of $11,175 for one year, expiring in May 2016. In May 2016, the Company renewed this lease at the same monthly rent to May 2017. In January 2017, the Company signed an early termination agreement to cease the agreement without penalty and entered into another lease agreement with an unrelated party at a monthly rent of $7,220 for one year, expiring in February 2018. Rent expense for the three months ended March 31, 2017 and 2016 was $38,176 and $34,038, respectively. On May 5 2016, the Company entered into an agreement to lease a laboratory office from an unrelated party with the fee to be determined based on usage. The lease has a two-year term, which expires on May 5, 2018. The lease fee of the laboratory for the three months ended March 31, 2017 was $134,892. Employment Agreements Shenzhen Wonhe, our operating subsidiary, entered into employment agreements with our officers Nanfang Tong and Qing Tong on November 1, 2016: Nanfang Tong’s employment agreement, as the chief executive officer, provides for a monthly salary of RMB 13,000 (approximately US $1,886) and expires on October 31, 2019. Mr. Tong is eligible for a bonus which is determined by, and at the discretion of, the Board of Directors of the Company, based on a review of Mr. Tong’s performance. Qing Tong’s employment agreement as chairman of Board of Directors provides for a monthly salary of RMB 15,000 (approximately US $2,177) and expires on October 31, 2019. Mr. Tong is eligible for a bonus which is determined by, and at the discretion of, the Board of Directors of the Company, based on a review of Mr. Tong’s performance. At March 31, 2017, the future commitments under these agreements was approximately $ 134,100. Other than the salary and social benefits required by the government, which are defined in the employment agreements, we currently do not provide benefits to the officers. Other than government severance payments, our executive officers are not entitled to severance payments upon the termination of their employment agreements or following a change in control. PRC employment law requires that an employee be paid severance pay based on the number of years worked with the employer at the rate of one month’s wage for each full year worked. Any period of more than six months but less than one year shall be counted as one year. The severance pay payable to an employee for any period of less than six months shall be one-half of his monthly wages. The monthly salary mentioned above is defined as the average salary of 12 months before revocation or termination of the employment contract. Strategic Cooperation Agreement In April 2015, Shenzhen Wonhe entered into a strategic cooperation agreement with Shenzhen Yunlutong Technology Co., Ltd (the “YLT”), which is owned by one of the Company’s directors, who owns 4.87% of the Company’s common stock. The agreement expires in 3 years. Under the agreement, as amended and restated, YLT and Shenzhen Wonhe agreed to engage in mutual cooperation aimed at the sale of routers by Shenzhen Wonhe to YLT. The Company produced approximately $18,211,683 in sales with YLT for the year ended December 31, 2016. In addition, Shenzhen Wonhe obtained the exclusive right to acquire YLT if its gross annual revenues reach RMB 150,000,000 (US $24,480,000) and net annual profit reaches RMB 12,500,000 (US $2,040,000) during the term of the agreement. The price of the acquisition shall be established by an independent appraiser. YLT agreed not to sell any equity or issue any debt during the 3 years, and any change in ownership of YLT must be approved by Shenzhen Wonhe. In April 2015, Shenzhen Wonhe entered into a strategi cooperation agreement with Shenzhen Yunlutong Technology Co., Ltd ( “YLT”), which is owned by one of the Company’s directors, who owns 4.87% of the Company’s common stock. The agreement expires in 3 years. Under the agreement, as amended and restated, YLT and Shenzhen Wonhe agreed to engage in mutual cooperation aimed at the sale of routers by Shenzhen Wonhe to YLT. The Company produced approximately $8,800,500 in sales with YLT for the three months period ended March 31, 2017. In addition, Shenzhen Wonhe obtained the exclusive right to acquire YLT if its gross annual revenues reach RMB 150,000,000 (US $24,480,000) and net annual profit reaches RMB 12,500,000 (US $2,040,000) during the term of the agreement. The price of the acquisition shall be established by an independent appraiser. YLT agreed not to sell any equity or issue any debt during the 3 years, and any change of ownership of YLT must be approved by Shenzhen Wonhe.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	7. RELATED PARTY TRANSACTIONS From time to time, a stockholder/officer loans money to the Company, primarily to meet the non-RMB cash requirements of the parent and its subsidiaries. The loans are non-interest bearing, and the balance due was $728,549 and $434,324 at March 31, 2017 and December 31, 2016, respectively. The loans principally represent professional and legal fees incurred in the U.S. paid by the stockholder and operating expenses for Wonhe High-Tech and Shengshihe Consulting since their inception. The balance is reflected as loan from stockholder. Nanfang Tong, the Company’s Chief Executive Officer and Qing Tong, the Chairman of the Board, are brothers.

Sale of Common Stock

Sale of Common Stock	3 Months Ended
	Mar. 31, 2017
Sale of Common Stock/Cash Dividends [Abstract]
SALE OF COMMON STOCK	8 . SALE OF COMMON STOCK On April 19, 2016 the Company sold a total of 15,000,000 shares of common stock to two investors in a private offering. Qing Tong, a member of the Company’s board of directors, purchased 3,000,000 shares. The remaining 12,000,000 shares were purchased by an unaffiliated entity. The purchase price for the shares was 0.52 Renminbi (approx. $.08) per share, or a total of 7,800,000 Renminbi (approx. $1,200,000). The shares were sold to investors who are accredited investors and were purchasing for their own accounts. The offering, therefore, was exempt from registration under the Securities Act of 1933 pursuant to Section 4(2) and Section 4(5) of the Securities Act. The offering was also sold in compliance with the exemption from registration provided by Regulation S, as all of the purchasers were residents of the People’s Republic of China.

Cash Dividends

Cash Dividends	3 Months Ended
	Mar. 31, 2017
Sale of Common Stock/Cash Dividends [Abstract]
CASH DIVIDENDS	9. CASH DIVIDENDS On March 1, 2017, the Board of Directors of Wonhe Multimedia Commerce Ltd., in which Wonhe High-Tech indirectly owns a 53.3% interest, declared a cash dividend of AUD $0.005882 per share, for a total dividend of AUD $894,000 (approximately USD $683,463). The dividend payment will be made to the shareholders of Wonhe Multimedia Commerce Ltd. on May 31, 2017.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Taxes [Abstract]
INCOME TAXES	10. INCOME TAXES The Company is required to file income tax returns in both the United States and the PRC. Its operations in the United States have been insignificant and income taxes have not been accrued. In the PRC, the Company files tax returns for Shenzhen Wonhe and Shengshihe Consulting. The provision for (benefit from) income taxes consists of the following for the three months ended March 31, 2017 and 2016: Three Months Ended March 31, 2017 2016 (Unaudited) (Unaudited) Current $ 1,085,744 $ 397,305 Deferred 13,623 - Total $ 1,099,367 $ 397,305 The following is a reconciliation of the statutory rate with the effective income tax rate for the three months ended March 31, 2017 and 2016. Three Months Ended March 31, 2017 2016 (Unaudited) (Unaudited) Tax at PRC statutory rate 25.0 % 25.0 % VIE tax holiday - (12.5 ) Other 0.4 0.4 Effective tax rate 25.4 % 12.9 % The following presents the aggregate dollar and per share effects of the Company’s subsidiaries’ tax holidays: Three Months Ended March 31, 2017 2016 (Unaudited) (Unaudited) Aggregate dollar effect of tax holiday $ - $ 1,448,924 Per share effect, basic and diluted - 0.03 During the quarter ended March 31, 2017, the Company filed its U.S. federal income tax returns, including information returns on Internal Revenue Service (“IRS”) Form 5471, “Information Return of U.S. Persons with Respect to Certain Foreign Corporations” for the fiscal years ended December 31, 2015, 2014, and 2013. Failure to furnish any income tax and information returns with respect to any foreign business entity required, within the time prescribed by the IRS, subjects the Company to civil penalties. Management is of the opinion that penalties, if any, that may be assessed would not be material to the consolidated financial statements. Because the Company did not generate any income in the United States or otherwise have any U.S. taxable income, the Company does not believe that it has any U.S. federal income tax liabilities with respect to any transactions that the Company or any of its subsidiaries may have engaged in through December 31, 2016. However, there can be no assurance that the IRS will agree with this position, and therefore the Company ultimately could be liable for U.S. federal income taxes, interest and penalties. The tax years ended December 31, 2015, 2014 and 2013 remain open to examination by the IRS. All of the Company’s operations are conducted in the PRC. At March 31, 2017, the Company’s unremitted foreign earnings of its PRC subsidiaries totaled approximately $25.9 million and the Company held approximately $30.2 million of cash and cash equivalents in the PRC. These unremitted earnings are planned to be reinvested indefinitely into the operations of the Company in the PRC. While repatriation of cash held in the PRC may be restricted by local PRC laws, most of the Company’s foreign cash balances could be repatriated to the United States but, under current U.S. income tax laws, would be subject to U.S. federal income taxes less applicable foreign tax credits. Determination of the amount of unrecognized deferred U.S. income tax liability on the unremitted earnings is not practicable because of the complexities associated with this hypothetical calculation, and as the Company does not plan to repatriate any cash in the PRC to the United States during the foreseeable future, no deferred tax liability has been accrued.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments/Contingencies [Abstract]
CONTINGENCIES	11. CONTINGENCIES As disclosed in Note 10, the Company was delinquent in filing certain tax returns with the U.S. Internal Revenue Service and the 2015, 2014 and 2013 tax years are open and subject to examination by the tax authorities. The Company is unable to determine the amount of penalties, if any, that may be assessed at this time. Management is of the opinion that penalties, if any, that may be assessed would not be material to the consolidated financial statements.

Concentration of Credit Risk

Concentration of Credit Risk	3 Months Ended
	Mar. 31, 2017
Concentration of Credit Risk [Abstract]
CONCENTRATION OF CREDIT RISK	12. CONCENTRATION OF CREDIT RISK Cash and cash equivalents Substantially all of the Company’s bank accounts are in banks located in the People’s Republic of China and are not covered by protection similar to that provided by the FDIC on funds held in United States banks. The Company’s bank account in Australia is protected by Australian government up to AUD 250,000. Major customers One customer accounted for approximately 34% of total sales for the three months ended March 31, 2017 and approximately 37% of total sales for the year ended December 31, 2016. Two customers accounted for approximately 57% of accounts receivable as of March 31, 2017. Six customers accounted for approximately 97% of accounts receivable as of December 31, 2016, the largest being 34%. Shenzhen Wonhe is required to make contributions to PRC multi-employer welfare programs by government regulations sometimes identified as the Mainland China Contribution Plan. Specifically, the following regulations require that the Company pay a percentage of employee salaries into the specified plans:

Contributions to Multi-Employer

Contributions to Multi-Employer Welfare Programs	3 Months Ended
	Mar. 31, 2017
Contributions to Multi-Employer Welfare Programs [Abstract]
CONTRIBUTIONS TO MULTI-EMPLOYER WELFARE PROGRAMS	13. CONTRIBUTIONS TO MULTI-EMPLOYER WELFARE PROGRAMS Regulation Plan % of Salary Shenzhen Special Economic Zone Social Retirement Insurance Regulations Pension 13 % Shenzhen Work-Related Injury Insurance Regulations Workers Comp. 0.4 % Guangdong Unemployment Insurance Regulations Unemployment 2 % Housing Provident Fund Management Regulations Housing 5 % Shenzhen Social Medical Insurance Measures Medical 6.5% or 0.6 %* Guangdong Employees Maternity Insurance Maternity 0.5% or 0.2 %* * Depending on their position in the Company, employees receive either hospitalization, medical and maternity insurance or comprehensive medical and maternity insurance, which is a lower premium. Total contributions to employee welfare programs for the three months ended March 31, 2017 and 2016 were as follow: Three Months Ended March 31, 2017 2016 Total contributions $ 162,018 $ 11,723

Loan Receivable

Loan Receivable	3 Months Ended
	Mar. 31, 2017
Loan Receivable [Abstract]
LOAN RECEIVABLE	14. LOAN RECEIVABLE On January 12, 2016 the Company’s operating subsidiary, Shenzhen Wonhe Technology Co., Ltd. (“Shenzhen Wonhe”), entered into an agreement titled “Cooperative Agreement on Wireless Network Coverage Project in Beijing Area” with Guangdong Kesheng Enterprise Co., Ltd. (“Guangdong Kesheng”). The agreement contemplated that the two parties would work together to develop a wireless network in certain designated areas of Beijing. The commercial purpose of the network was to serve as a vehicle for advertising and marketing, with the income to be shared between Shenzhen Wonhe and Guangdong Kesheng. Shenzhen Wonhe committed in the agreement to make a capital contribution of RMB 382,990,000 (USD $55.63 million) to the project. Shenzhen Wonhe also committed to develop the data systems that will be used by the network. Guangdong Kesheng committed to supervise the engineering and construction, coordinate relationships with local government, and manage the network’s operations. On November 30, 2016 Shenzhen Wonhe and Guangdong Kesheng signed an amendment to the January agreement, titled “Cooperative Agreement on Wireless Network Coverage Project in Beijing Area”, which terminates the participation of Shenzhen Wonhe in the construction and operation of the wireless network, and also terminates the commitment of Shenzhen Wonhe to develop the data systems used by the network. Shenzhen Wonhe has no further obligation to contribute capital to the project, and will receive no distribution of income from the project. Shenzhen Wonhe will, however, supply 36,300 routers for the project prior to the end of 2017, and Guangdong Kesheng will pay Shenzhen Wonhe RMB 1,800 ($261) for each router. As of November 30, 2016 Shenzhen Wonhe had contributed to the wireless network project cash, equipment, engineering, and a pilot project in the Tongzhou District of Beijing. The total contribution of RMB 175,755,641 (USD$25.53 million) will be repaid to Shenzhen Wonhe in three equal annual installments, and Shenzhen Wonhe will get the first repayment on December 31, 2017; the unpaid portion of that obligation will accrue interest at 4.75% per annum.

Condensed Financial Information

Condensed Financial Information of the Parent Company	3 Months Ended
	Mar. 31, 2017
Condensed Financial Information of the Parent Company [Abstract]
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY	15. CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY The condensed financial information of the Company’s US parent only balance sheets as of December 31, 2016, and the US parent company only statements of operations, and cash flows for the years ended December 31, 2016 and 2015 are as follows: Condensed Balance Sheets Year Ended ASSETS 2016 2015 Cash-restricted $ 14,428,459 $ 14,332,241 Other receivable from subsidiaries 11,116,320 9,912,000 Investment in subsidiaries 24,198,950 21,093,753 TOTAL ASSETS $ 49,743,729 $ 45,337,994 LIABILITIES AND STOCKHOLDERS’ EQUITY December 31, 2016 December 31, 2015 Current liabilities: Loan from stockholder $ 434,324 $ 366,040 Accrued liabilities - 5,000 Total current liabilities 454,324 371,040 Stockholders’ equity: Preferred stock: $0.001 par value; 10,000,000 shares authorized; none issued and outstanding - - Common stock: $0.001 par value; 90,000,000 shares authorized; 73,510,130 and 58,510,130 shares issued and outstanding at December 31, 2016 and 2015, respectively 73,510 58,510 Additional paid-in capital 38,791,666 37,592,346 Retained earnings 10,444,229 7,316,098 Total stockholders’ equity 49,309,405 44,966,954 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 49,743,729 $ 45,337,994 Condensed Statements of Income Year Ended 2016 2015 Revenues: Share of earnings from investment in subsidiaries $ 5,393,835 $ 5,521,942 Operating expenses: Stock compensation - 7,534,080 General and administrative 110,000 104,645 Net income $ 5,283,835 $ (2,116,783 ) Condensed Statements of Cash Flows Year Ended 2016 2015 Cash flows from operating activities: Net income $ 5,283,835 $ (2,116,783 ) Adjustments to reconcile net income to net cash provided by (used in) operating activities Share of earnings from investment in subsidiaries (5,283,835 ) (5,521,942 ) Stock compensation 7,534,080 (Decrease) increase in accrued liabilities - (32,509 ) Net cash (used by) operating activities - (137,154 ) Cash flows from financing activities: Proceeds from sale of common stock - 15,196,298 Proceeds from stockholders - 137,154 Net cash (used by) financing activities - 15,333,452 Effect of exchange rate changes on cash: 96,218 (864,057 ) Year Ended 2016 2015 Net increase in cash 96,218 14,332,241 Cash, beginning of year 14,332,241 - Cash, end of year $ 14,428,459 $ 14,332,241 Noncash financing activities: Payment of accrued liabilities by shareholder $ 115,000 $ 108,003 Basis of Presentation The Company records its investment in its subsidiaries under the equity method of accounting. Such investment is presented as “Investment in subsidiaries” in the condensed balance sheets and the U.S. parent’s share of the subsidiaries’ profits are presented as “Share of earnings from investment in subsidiaries” in the condensed statements of income. Certain information and footnote disclosures normally included in financial statements prepared in conformity with accounting principles generally accepted in the United States of America have been condensed or omitted. The parent only financial information has been derived from the Company’s consolidated financial statements and should be read in conjunction with the Company’s consolidated financial statements. Restricted Net Assets Under PRC laws and regulations, the Company’s PRC subsidiaries are restricted in their ability to transfer certain of their net assets to the parent company in the form of dividend payments, loans or advances. The restricted net assets of the Company’s PRC subsidiaries amounted to $49,309,405 and $44,966,954 as of December 31, 2016 and 2015, respectively. In addition, the Company’s operations and revenues are conducted and generated in the PRC; all of the Company’s revenues being earned and currency received are denominated in RMB. RMB is subject to the foreign exchange control regulations in China, and, as a result, the Company may be unable to distribute any dividends outside of China due to PRC’s foreign exchange control regulations that restrict the Company’s ability to convert RMB into US Dollars. Schedule I of Article 5-04 of Regulation S-X requires the condensed financial information of the parent company to be filed when the restricted net assets of consolidated subsidiaries’ exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. For purposes of this test, restricted net assets of consolidated subsidiaries shall mean that amount of the registrant’s proportionate share of net assets of its consolidated subsidiaries (after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred to the parent company in the form of loans, advances or cash dividends without the consent of a third party. The condensed parent company financial statements have been prepared in accordance with Rule 12-04, Schedule I of Regulation S-X as the restricted net assets of the Company’s PRC subsidiaries exceed 25% of the consolidated net assets of the Company.

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2017
Subsequent Event [Abstract]
SUBSEQUENT EVENT	16. SUBSEQUENT EVENT On April 21, 2017 the Company filed with the Nevada Secretary of State a Certificate of Designation designating a series of 100,000 shares of Series A Convertible Preferred Stock. The rights and limitations of a holder of shares of Series A Convertible Preferred Stock (the “Preferred Shares”) are as follows: a. The holder may convert each Preferred Share into 200 shares of the Company’s common stock, but must convert all Preferred Shares at one time (including all Preferred Shares held by affiliates of the holder). b. The holder of Preferred Shares will have voting rights on an “as-converted” basis. c. The holder of Preferred Shares will receive dividends, if any are declared, on an “as converted” basis. d. If the Company is liquidated, the holder of Preferred Shares will receive a preferred liquidation distribution of $0.001 per Preferred Share, then will participate in the liquidation on an “as converted” basis. e. When there are sufficient shares of common stock authorized to permit conversion of all outstanding Preferred Shares, the Company may redeem the Preferred Shares for a payment of $0.001 per Preferred Share by giving 30 days prior notice of redemption, during which period the holder of Preferred Shares may convert the Preferred Shares into common stock. On April 24, 2017 the Company sold a total of 100,000 shares of Series A Preferred Stock to Beijing Yi Yu Culture Media Co., Ltd., an unaffiliated entity. The purchase price for the shares was US$20.00 per share, or a total of US$2,000,000. On March 1, 2017, the Board of Directors of Wonhe Multimedia Commerce Ltd., in which Wonhe High-Tech indirectly owns a 53.3% interest, declared a cash dividend of AUD $0.005882 per share, for a total dividend of AUD $894,000 (approximately USD $683,463). On April 28, 2017, the company recorded the dividend. The dividend payment will be made to the shareholders of Wonhe Multimedia Commerce Ltd. on May 31, 2017. (See Note 9).

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Basis of Accounting and Presentation	Basis of Accounting and Presentation The accompanying consolidated financial statements have been prepared on the accrual basis of accounting. The consolidated financial statements as of and for the three months ended March 31, 2017 and 2016 include Wonhe High-Tech, World Win, Wonhe Multimedia, Kuayu, Shengshihe Consulting and Shenzhen Wonhe. All significant intercompany accounts and transactions have been eliminated in consolidation. The unaudited interim consolidated financial statements of the Company as of March 31, 2017 and for the three months ended March 31, 2017 and 2016 have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules and regulations of the SEC which apply to interim financial statements. Accordingly, they do not include all of the information and footnotes normally required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the periods presented. The interim consolidated financial information should be read in conjunction with the consolidated financial statements and the notes thereto, included in the Company’s Form 10-K filed with the SEC. The results of operations for the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for future quarters or for the year ending December 31, 2017. All consolidated financial statements and notes to the consolidated financial statements are presented in United States dollars (“US Dollar” or “US$” or “$”).
Use of Estimates	Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Foreign Currency Translation	Foreign Currency Translation Almost all of the Company’s assets are located in the PRC. The functional currency for the majority of the operations is the Renminbi (“RMB”). For Kuayu, the functional currency for the majority of its operations is the Hong Kong Dollar (“HKD”). For Australian Wonhe, the functional currency is the Australian dollar (“AUD”). The Company uses the US Dollar for financial reporting purposes. The consolidated financial statements of the Company have been translated into US dollars in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification “ASC” section 830, “Foreign Currency Matters.” All asset and liability accounts have been translated using the exchange rate in effect at the balance sheet date. Equity accounts have been translated at their historical exchange rates when the capital transactions occurred. The consolidated statements of operations and other comprehensive income (loss) amounts have been translated using the average exchange rate for the periods presented. Adjustments resulting from the translation of the Company’s consolidated financial statements are recorded as other comprehensive income (loss). The exchange rates used to translate amounts in RMB into US dollars for the purposes of preparing the consolidated financial statements are as follows: March 31, 2017 December 31, (Unaudited) Balance sheet items, except for stockholders’ equity, as of period’s end 0.1451 0.1440 Three Months Ended March 31, 2017 2016 (Unaudited) (Unaudited) Amounts included in the statements of income and comprehensive income, changes in stockholders’ equity and cash flows for the periods presented 0.1452 0.1529 The exchange rates used to translate amounts in AUD into US dollars for the purposes of preparing the consolidated financial statements are as follows: March 31, 2017 December 31, 2016 (Unaudited) Balance sheet items, except for stockholders’ equity, as of period’s end 0.7645 0.7202 Three Months Ended March 31, 2017 2016 (Unaudited) (Unaudited) Amounts included in the statements of income and comprehensive income, changes in stockholders’ equity and cash flows for the periods presented 0.7576 0.7219 For the three months ended March 31, 2017 and 2016, foreign currency translation adjustments of $190,984 and $437,197, respectively, have been reported as other comprehensive income (loss). Other comprehensive income (loss) of the Company consists solely of foreign currency translation adjustments. Pursuant to FASB ASC 740-30-25-17, “Exceptions to Comprehensive Recognition of Deferred Income Taxes,” Although PRC government regulations now allow convertibility of the RMB for current account transactions, significant restrictions still remain. Hence, such translations should not be construed as representations that the RMB could be converted into US and Australian dollars at that rate or any other rate. The value of the RMB against the US and Australian dollar may fluctuate and is affected by, among other things, changes in the PRC’s political and economic conditions. Any significant revaluation of the RMB may materially affect the Company’s financial condition in terms of US dollar reporting.
Revenue and Cost Recognition	Revenue and Cost Recognition The Company receives revenues from the sale of electronic products. The Company’s revenue recognition policies are in compliance with SEC Staff Accounting Bulletin (“SAB”) 104 (codified in FASB ASC Topic 605). Sales revenue is recognized when the products are delivered and when customer acceptance occurs, the price is fixed or determinable, no other significant obligations of the Company exist, and collectability is reasonably assured. Finished goods are delivered from outsourced manufacturers to the Company. Revenue is recognized when the title to the products has been passed to the customer, which is the date the products are picked up by the customer at the Company’s location or delivered to the designated locations by Company employees and accepted by the customer and the previously discussed requirements are met. The customer’s acceptance occurs upon inspection at the time of pickup or delivery by signing an acceptance form. The Company does not provide its customers with the right of return. A 36-month warranty is offered to customers for exchange or repair of defective products, the cost of which is substantially covered by the outsourced manufacturers’ warranty policies as specified in the contract between the Company and its outsourced manufacturers. As a result, the Company does not recognize a warranty liability. The Company follows the guidance set forth by FASB ASC 605-45-45 to assess whether the Company acts as the principal or agent in the transaction. The determination involves judgment and is based on an evaluation of whether the Company has the substantial risks and rewards of ownership under the terms of the arrangement. Based on the assessment, the Company determined it acts as a principal in the transaction and reports revenues on the gross basis. FASB ASC 605-45-45 sets forth eight criteria that support reporting recognition of gross revenue (i.e. principal sales) and three that support reporting net revenue (i.e. agent sales). As applied to the relationship between the Company, its manufacturers, and its customers, the following are the criteria that support reporting gross revenue: ● Shenzhen Wonhe is the primary obligor in each sale, as it is responsible for fulfillment of customer orders, including the acceptability of the products purchased by the customer. ● Shenzhen Wonhe has general inventory risk, as it takes title to a product before that product is ordered by or delivered to a customer. ● Shenzhen Wonhe establishes its own pricing for its products. ● Shenzhen Wonhe has discretion in supplier selection. ● Shenzhen Wonhe designed the Home Media Center Model 720 (the “HMC720”) and the two Wifi Routers and is responsible for all of its specifications. ● Shenzhen Wonhe has physical inventory loss risk until the product is delivered to the customer. ● Shenzhen Wonhe has full credit risk for amounts billed to its customers. The only criterion supporting recognition of gross revenue that is not satisfied by the relationship between the Company and its manufacturers is: the entity changes the product or performs part of the service. Moreover, none of the three criteria supporting recognition of net revenue is present in the Company’s sales transactions. For this reason, the Company records gross revenue with respect to sales by Shenzhen Wonhe.
Fair Value of Financial Instruments	Fair Value of Financial Instruments FASB ASC 820 specifies a hierarchy of valuation techniques based upon whether the inputs to those valuation techniques reflect assumptions other market participants would use based upon market data obtained from independent sources (observable inputs). In accordance with ASC 820, the following summarizes the fair value hierarchy: Level 1 Inputs – Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. Level 2 Inputs – Inputs other than the quoted prices in active markets that are observable either directly or indirectly. Level 3 Inputs – Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements. ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurements. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. As of March 31, 2017 and December 31, 2016, none of the Company’s assets and liabilities were required to be reported at fair value on a recurring basis. Carrying values of non-derivative financial instruments, including cash, accounts receivable and various receivables and payables, approximate their fair values due to the short term nature of these financial instruments. There were no changes in methods or assumptions during the periods presented.
Advertising Costs	Advertising Costs Advertising costs are paid to an advertising agency for market analysis and strategic planning and are charged to operations when incurred. Advertising costs were $108,869 and $112,950 for the three months ended March 31, 2017 and 2016, respectively.
Research and Development Costs	Research and Development Costs The Company develops software to be marketed as part of its products, and that is not for internal use. The software is essential to the functionality of the Company’s tangible products. Therefore, the Company accounts for research and development costs incurred in development of its software in accordance with FASB ASC 985-20. Research and development costs are charged to operations when incurred. Development costs of computer software to be sold, leased, or otherwise marketed are subject to capitalization beginning when a product’s technological feasibility has been established and ending when a product is available for general release to customers. In most instances, the Company’s products are released soon after technological feasibility has been established. Therefore, costs incurred subsequent to achievement of technological feasibility are usually not significant, and generally most software development costs have been expensed as incurred. Research and development costs were $639,540 and $47,109 for the three months ended March 31, 2017 and 2016, respectively.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all demand and time deposits and all highly liquid investments with an original maturity of three months or less to be cash equivalents.
Accounts Receivable	Accounts Receivable Accounts receivable are stated at cost, net of an allowance for doubtful accounts. Receivables outstanding longer than the payment terms are considered past due. The Company provides an allowance for doubtful accounts for estimated losses resulting from the failure of customers to make required payments when due. The Company reviews the accounts receivable on a periodic basis and makes allowances where there is doubt as to the collectability of the outstanding balance. In evaluating the collectability of an individual receivable balance, the Company considers many factors, including the age of the balance, the customer’s payment history, its current credit-worthiness and current economic trends. As of March 31, 2017 and December 31, 2016, the Company considered all accounts receivable collectable and an allowance for doubtful accounts was not necessary. For the three months ended March 31, 2017 and 2016, the Company did not write off any accounts receivable as bad debts.
Fixed Assets and Depreciation	Fixed Assets and Depreciation Fixed assets are recorded at cost, less accumulated depreciation. Cost includes the price paid to acquire the asset, and any expenditure that substantially increases the asset’s value or extends the useful life of an existing asset. Leasehold improvements are amortized over the lesser of the remaining term of the lease or the estimated useful lives of the improvements. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Major repairs and betterments that significantly extend original useful lives or improve productivity are capitalized and depreciated over the periods benefited. Maintenance and repairs are generally expensed as incurred. The estimated useful lives for fixed asset categories are as follows: Office equipment 5 years Motor vehicles 5 years
Impairment of Long-lived Assets	Impairment of Long-lived Assets The Company applies FASB ASC 360, “Property, Plant and Equipment,”
Statutory Reserve Fund	Statutory Reserve Fund Pursuant to corporate law of the PRC, Shengshihe Consulting and Shenzhen Wonhe are required to transfer 10% of their net income, as determined under PRC accounting rules and regulations, to a statutory reserve fund until such reserve balance reaches 50% of their registered capital. The statutory reserve fund is non-distributable, other than during liquidation, and can be used to fund prior years’ losses, if any, and may be utilized for business expansion or used to increase registered capital, provided that the remaining reserve balance after such use is not less than 25% of the registered capital. As of March 31, 2017, $2,119,892 has been transferred from retained earnings to the statutory reserve fund.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with FASB ASC 740, “Income Taxes” ASC 740 addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with these tax positions. As of March 31, 2017 and December 31, 2016, the Company did not have any liabilities for unrecognized tax benefits. The income tax laws of various jurisdictions in which the Company and its subsidiaries operate are summarized as follows: United States The Company is subject to United States tax at graduated rates from 15% to 35%. No provision for income taxes in the United States has been made as the Company had no U.S. taxable income for the three months ended March 31, 2017 and 2016. BVI World Win is incorporated in the BVI and is governed by the income tax laws of the BVI. According to current BVI income tax law, the applicable income tax rate for the Company is 0%. Australia Australian Wonhe is incorporated in Australia. Pursuant to the income tax laws of Australia, the Company is not subject to tax on non-Australia source income. Hong Kong Kuayu International is incorporated in Hong Kong. Pursuant to the income tax laws of Hong Kong, the Company is not subject to tax on non Hong Kong source income. PRC Shenzhen Wonhe and Shengshihe Consulting are subject to an Enterprise Income Tax at 25% and each file their own tax returns. Consolidated tax returns are not permitted in China.
Noncontrolling Interests	Noncontrolling Interests The noncontrolling interest in Wonhe Multimedia not attributable, directly or indirectly to the Company, is measured at its carrying value in the stockholders’ equity section of the consolidated balance sheets.
Net Income Per Share	Net Income Per Share The Company computes net income per common share in accordance with FASB ASC 260, “Earnings Per Share”

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Summary of exchange rates used to translate amounts in RMB into US dollars	March 31, 2017 December 31, (Unaudited) Balance sheet items, except for stockholders’ equity, as of period’s end 0.1451 0.1440 Three Months Ended March 31, 2017 2016 (Unaudited) (Unaudited) Amounts included in the statements of income and comprehensive income, changes in stockholders’ equity and cash flows for the periods presented 0.1452 0.1529 March 31, 2017 December 31, 2016 (Unaudited) Balance sheet items, except for stockholders’ equity, as of period’s end 0.7645 0.7202 Three Months Ended March 31, 2017 2016 (Unaudited) (Unaudited) Amounts included in the statements of income and comprehensive income, changes in stockholders’ equity and cash flows for the periods presented 0.7576 0.7219
Summary of estimated useful lives for fixed assets	Office equipment 5 years Motor vehicles 5 years

Fixed Assets (Tables)

Fixed Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Fixed Assets [Abstract]
Summary of fixed assets	March 31, 2017 December 31, 2016 (Unaudited) Office equipment $ 220,824 $ 212,828 Motor vehicles 623,522 618,706 844,346 831,534 Less: accumulated depreciation (430,901 ) (401,535 ) Fixed assets, net $ 413,445 $ 429,999

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Intangible Assets [Abstract]
Summary of intangible assets	March 31, 2016 December 31, (Unaudited) Software $ 50,035 $ 49,649 Less: accumulated amortization (42,417 ) (40,469 ) Intangible assets, net $ 7,618 $ 9,180

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2017
Income Taxes [Abstract]
Summary of provision for (benefit from) income taxes	Three Months Ended March 31, 2017 2016 (Unaudited) (Unaudited) Current $ 1,085,744 $ 397,305 Deferred 13,623 - Total $ 1,099,367 $ 397,305
Summary of reconciliation of the statutory rate with the effective income tax rate	Three Months Ended March 31, 2017 2016 (Unaudited) (Unaudited) Tax at PRC statutory rate 25.0 % 25.0 % VIE tax holiday - (12.5 ) Other 0.4 0.4 Effective tax rate 25.4 % 12.9 %
Summary of aggregate dollar and per share effects of the Company's tax holidays	Three Months Ended March 31, 2017 2016 (Unaudited) (Unaudited) Aggregate dollar effect of tax holiday $ - $ 1,448,924 Per share effect, basic and diluted - 0.03

Contributions to Multi-Employ28

Contributions to Multi-Employer Welfare Programs (Tables)	3 Months Ended
	Mar. 31, 2017
Contributions to Multi-Employer Welfare Programs [Abstract]
Schedule of percentage of employee salaries into the specified plans	Regulation Plan % of Salary Shenzhen Special Economic Zone Social Retirement Insurance Regulations Pension 13 % Shenzhen Work-Related Injury Insurance Regulations Workers Comp. 0.4 % Guangdong Unemployment Insurance Regulations Unemployment 2 % Housing Provident Fund Management Regulations Housing 5 % Shenzhen Social Medical Insurance Measures Medical 6.5% or 0.6 %* Guangdong Employees Maternity Insurance Maternity 0.5% or 0.2 %* * Depending on their position in the Company, employees receive either hospitalization, medical and maternity insurance or comprehensive medical and maternity insurance, which is a lower premium.
Schedule of total contributions to employee welfare programs	Three Months Ended March 31, 2017 2016 Total contributions $ 162,018 $ 11,723

Condensed Financial Informati29

Condensed Financial Information of the Parent Company (Tables)	3 Months Ended
	Mar. 31, 2017
Condensed Financial Information of the Parent Company [Abstract]
Condensed Balance Sheets	Year Ended ASSETS 2016 2015 Cash-restricted $ 14,428,459 $ 14,332,241 Other receivable from subsidiaries 11,116,320 9,912,000 Investment in subsidiaries 24,198,950 21,093,753 TOTAL ASSETS $ 49,743,729 $ 45,337,994 LIABILITIES AND STOCKHOLDERS’ EQUITY December 31, 2016 December 31, 2015 Current liabilities: Loan from stockholder $ 434,324 $ 366,040 Accrued liabilities - 5,000 Total current liabilities 454,324 371,040 Stockholders’ equity: Preferred stock: $0.001 par value; 10,000,000 shares authorized; none issued and outstanding - - Common stock: $0.001 par value; 90,000,000 shares authorized; 73,510,130 and 58,510,130 shares issued and outstanding at December 31, 2016 and 2015, respectively 73,510 58,510 Additional paid-in capital 38,791,666 37,592,346 Retained earnings 10,444,229 7,316,098 Total stockholders’ equity 49,309,405 44,966,954 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 49,743,729 $ 45,337,994
Condensed Statements of Income	Year Ended 2016 2015 Revenues: Share of earnings from investment in subsidiaries $ 5,393,835 $ 5,521,942 Operating expenses: Stock compensation - 7,534,080 General and administrative 110,000 104,645 Net income $ 5,283,835 $ (2,116,783 )
Condensed Statements of Cash Flows	Year Ended 2016 2015 Cash flows from operating activities: Net income $ 5,283,835 $ (2,116,783 ) Adjustments to reconcile net income to net cash provided by (used in) operating activities Share of earnings from investment in subsidiaries (5,283,835 ) (5,521,942 ) Stock compensation 7,534,080 (Decrease) increase in accrued liabilities - (32,509 ) Net cash (used by) operating activities - (137,154 ) Cash flows from financing activities: Proceeds from sale of common stock - 15,196,298 Proceeds from stockholders - 137,154 Net cash (used by) financing activities - 15,333,452 Effect of exchange rate changes on cash: 96,218 (864,057 )

Organization and Business (Deta

Organization and Business (Details)	Dec. 21, 2015USD ($)shares	Aug. 05, 2015USD ($)	Aug. 05, 2015HKD	Jun. 27, 2012shares	Jul. 31, 2015	Sep. 15, 2015	Nov. 16, 2010USD ($)
Organization and Business (Textual)
Number of common stock issued in exchange of acquisition | shares				19,128,130
Registered capital of Shenzhen Wonhe Technology Co. Ltd. | $							$ 7,495,000
Ownership Percentage					25.00%
Wonhe International Holdings Group Co., Ltd. [Member]
Organization and Business (Textual)
Percentage change of ownership					15.00%
Kuayu [Member]
Organization and Business (Textual)
Proceeds from sale of subsidiary's stock		$ 1,290	HKD 10,000
Percentage change of ownership		40.00%	40.00%
Wonhe Multimedia Commerce Ltd [Member]
Organization and Business (Textual)
Ownership Percentage					60.00%
Shengshihe Consulting [Member]
Organization and Business (Textual)
Ownership Percentage						100.00%
Australia Wonhe [Member]
Organization and Business (Textual)
Ownership Percentage	60.00%
Proceeds from sale of subsidiary's stock | $	$ 1,941,318
Ordinary shares sold | shares	16,951,802

Summary of Significant Accoun31

Summary of Significant Accounting Policies (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
RMB [Member]
Summary of exchange rates used to translate amounts in RMB/AUD into US dollars
Balance sheet items, except for stockholders' equity, as of period's end	0.1451	0.1440
Amounts included in the statements of income and comprehensive income, changes in stockholders' equity and cash flows for the periods presented	0.1452	0.1529
AUD [Member]
Summary of exchange rates used to translate amounts in RMB/AUD into US dollars
Balance sheet items, except for stockholders' equity, as of period's end	0.7645	0.7202
Amounts included in the statements of income and comprehensive income, changes in stockholders' equity and cash flows for the periods presented	0.7576	0.7219

Summary of Significant Accoun32

Summary of Significant Accounting Policies (Details 1)	3 Months Ended
	Mar. 31, 2017
Office equipment [Member]
Schedule of estimated useful lives for fixed assets
Estimated useful lives for fixed assets	5 years
Motor vehicles [Member]
Schedule of estimated useful lives for fixed assets
Estimated useful lives for fixed assets	5 years

Summary of Significant Accoun33

Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Summary of Significant Accounting Policies (Textual)
Foreign currency translation adjustments	$ 190,984	$ 437,197
Advertising costs	108,869	112,950
Research and development costs	639,540	$ 47,109
Amount transfer from retained earnings to statutory reserve	$ 2,119,892
Percentage of net income transfer to statutory reserve fund	10.00%
Applicable income tax rate by income tax laws of BVI	0.00%
Enterprise income tax rate by income tax laws of PRC	25.00%
Percentage of minimum remaining reserve balance of registered capital, description	Not less than 25% of the registered capital.
Statutory reserve fund transfer limitation, description	10% of their net income, as determined under PRC accounting rules and regulations, to a statutory reserve fund until such reserve balance reaches 50% of their registered capital

Fixed Assets (Details)

Fixed Assets (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Summary of fixed assets
Fixed assets	$ 844,346	$ 831,534
Less: accumulated depreciation	(430,901)	(401,535)
Fixed assets, net	413,445	429,999
Office equipment [Member]
Summary of fixed assets
Fixed assets	220,824	212,828
Motor vehicles [Member]
Summary of fixed assets
Fixed assets	$ 623,522	$ 618,706

Fixed Assets (Details Textual)

Fixed Assets (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Fixed Assets (Textual)
Depreciation expense	$ 26,249	$ 91,579

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Summary of intangible assets
Software	$ 50,035	$ 49,649
Less: accumulated amortization	(42,417)	(40,469)
Intangible assets, net	$ 7,618	$ 9,180

Intangible Assets (Details Text

Intangible Assets (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Intangible Assets (Textual)
Amortization expense	$ 1,633	$ 9,333

Commitments (Details)

Commitments (Details)	May 05, 2016	Jan. 31, 2017USD ($)	May 31, 2015USD ($)	Apr. 30, 2015USD ($)	Apr. 30, 2015CNY (¥)	Mar. 31, 2017USD ($)	Mar. 31, 2017CNY (¥)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)
Commitments (Textual)
Laboratory lease fee						$ 134,892
Laboratory lease term	2 years
Description of laboratory lease, expiration date	The lease has a two-year term, which expires on May 5, 2018.
Lease Agreement [Member]
Commitments (Textual)
Lease expiration date		Feb. 28, 2018	May 31, 2016
Rent expense						38,176		$ 34,038
Monthly rental from unrelated parties		$ 7,220	$ 11,175
Term of agreement		1 year	1 year
Employment Agreements [Member] | Nanfang Tong [Member]
Commitments (Textual)
Monthly salary						$ 1,886	¥ 13,000
Employment agreement, expiration date						Oct. 31, 2019	Oct. 31, 2019
Future commitments						$ 134,100
Employment Agreements [Member] | Qing Tong [Member]
Commitments (Textual)
Monthly salary						$ 2,177	¥ 15,000
Employment agreement, expiration date						Oct. 31, 2019	Oct. 31, 2019
Future commitments						$ 134,100
Strategic Cooperation Agreement [Member] | Shenzhen Yunlutong Technology Co., Ltd [Member]
Commitments (Textual)
Ownership percentage				4.87%	4.87%
Term of agreement				3 years	3 years
Gross annual revenues				$ 24,480,000	¥ 150,000,000				$ 18,211,683
Net annual profit				$ 2,040,000	¥ 12,500,000
Strategic Cooperation Agreement [Member] | Shenzhen Yunlutong Technology Co., Ltd [Member] | Shenzhen Wonhe [Member]
Commitments (Textual)
Ownership percentage				4.87%	4.87%
Term of agreement				3 years	3 years
Gross annual revenues				$ 24,480,000	¥ 150,000,000	$ 8,800,500
Net annual profit				$ 2,040,000	¥ 12,500,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Related Party Transactions (Textual)
Loan from stockholder	$ 728,549	$ 434,324

Sale of Common Stock (Details)

Sale of Common Stock (Details)	1 Months Ended
	Apr. 19, 2016USD ($)investors$ / sharesshares	Apr. 19, 2016CNY (¥)investorsshares	Apr. 19, 2016¥ / shares
Unaffiliated Entity [Member]
Sale of Common Stock (Textual)
Total purchase price of shares	$ 12,000,000
Board of Directors [Member]
Sale of Common Stock (Textual)
Total purchase price of shares	$ 3,000,000
Private Offering [Member]
Sale of Common Stock (Textual)
Sale of common stock shares | shares	15,000,000	15,000,000
Common stock purchase price, per share | (per share)	$ 0.08		¥ 0.52
Total purchase price of shares	$ 1,200,000	¥ 7,800,000
Number of individuals | investors	2	2

Cash Dividends (Details)

Cash Dividends (Details) AUD / shares in Units, AUD in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2017AUDAUD / shares	Jul. 31, 2015
Cash Dividends Textual [Abstract]
Ownership interest, percentage			25.00%
Wonhe High-Tech International, Inc. [Member]
Cash Dividends Textual [Abstract]
Ownership interest, percentage	53.30%	53.30%
Cash dividends, per share		AUD 0.005882
Total dividend	$ 683,463	AUD 894,000

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Provision for (benefit from) income taxes
Current	$ 1,085,744	$ 397,305
Deferred	13,623
Total	$ 1,099,367	$ 397,305

Income Taxes (Details 1)

Income Taxes (Details 1)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Summary of reconciliation of the statutory rate with the effective income tax rate
Tax at PRC statutory rate	25.00%	25.00%
VIE tax holiday		(12.50%)
Other	0.40%	0.40%
Effective tax rate	25.40%	12.90%

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Summary of aggregate dollar and per share effects of the Company's subsidiaries tax holidays
Aggregate dollar effect of tax holiday		$ 1,448,924
Per share effect, basic and diluted		$ 0.03

Income Taxes (Details Textual)

Income Taxes (Details Textual) $ in Millions	Mar. 31, 2017USD ($)
Income Taxes (Textual)
Unremitted foreign earnings of PRC subsidiaries	$ 25.9
Cash and cash equivalents in PRC	$ 30.2

Concentration of Credit Risk (D

Concentration of Credit Risk (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2017AUDCustomersIndividuals	Dec. 31, 2016Customers
Concentration of Credit Risk (Textual)
Concentration risk, Percentage	34.00%	37.00%
Number of major customer accounted for revenue | Customers	1	1
Bank account in Australia | AUD	AUD 250,000
Accounts receivable [Member]
Concentration of Credit Risk (Textual)
Concentration risk, Percentage		34.00%
Customer [Member] | Accounts receivable [Member]
Concentration of Credit Risk (Textual)
Concentration risk, Percentage	57.00%	97.00%
Number of major customer accounted for revenue	2	6

Contributions to Multi-Employ47

Contributions to Multi-Employer Welfare Programs (Details)	3 Months Ended
	Mar. 31, 2017
Pension [Member]
Multiemployer Plans [Line Items]
Regulation	Shenzhen Special Economic Zone Social Retirement Insurance Regulations
Percentage of Salary	13
Workers Comp. [Member]
Multiemployer Plans [Line Items]
Regulation	Shenzhen Work-Related Injury Insurance Regulations
Percentage of Salary	0.4
Unemployment [Member]
Multiemployer Plans [Line Items]
Regulation	Guangdong Unemployment Insurance Regulations
Percentage of Salary	2
Housing [Member]
Multiemployer Plans [Line Items]
Regulation	Housing Provident Fund Management Regulations
Percentage of Salary	5
Medical [Member]
Multiemployer Plans [Line Items]
Regulation	Shenzhen Social Medical Insurance Measures
Percentage of Salary	6.5% or 0.6%*	[1]
Maternity [Member]
Multiemployer Plans [Line Items]
Regulation	Guangdong Employees Maternity Insurance
Percentage of Salary	0.5% or 0.2%*	[1]
[1]	Depending on their position in the Company, employees receive either hospitalization, medical and maternity insurance or comprehensive medical and maternity insurance, which is a lower premium.

Contributions to Multi-Employ48

Contributions to Multi-Employer Welfare Programs (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Contributions to Multi-Employer Welfare Programs [Abstract]
Total contributions	$ 162,018	$ 11,723

Loan Receivable (Details)

Loan Receivable (Details)	1 Months Ended
	Nov. 30, 2016USD ($)Routers	Nov. 30, 2016CNY (¥)	Jan. 12, 2016USD ($)	Jan. 12, 2016CNY (¥)
Shenzhen Wonhe [Member]
Loan Receivable (Textual)
Capital contribution amount	$ 25,530,000	¥ 175,755,641	$ 55,630,000	¥ 82,990,000
Number of supply routers	36,300
Percentage rate unpaid portion of that obligation accrue interest	4.75%	4.75%
Routers and Other Equipment [Member]
Loan Receivable (Textual)
Payments of subsidiary	$ 261	¥ 1,800

Condensed Financial Informati50

Condensed Financial Information of the Parent Company (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
ASSETS
TOTAL ASSETS	$ 76,136,120	$ 73,947,651
Current liabilities:
Loan from stockholder	728,549	434,324
Accrued liabilities	282,403	414,141
Total current liabilities	1,747,204	2,660,244
Stockholders' equity:
Preferred stock: $0.001 par value; 10,000,000 shares authorized; none issued and outstanding
Common stock: $0.001 par value; 90,000,000 shares authorized; 73,510,130 and 58,510,130 shares issued and outstanding at December 31, 2016 and 2015, respectively	73,510	73,510
Additional paid-in capital	38,791,666	38,791,666
Retained earnings	14,179,492	12,469,735
Total stockholders' equity	74,388,916	71,287,407
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 76,136,120	73,947,651
Parent Company [Member]
ASSETS
Cash-restricted		14,428,459	$ 14,332,241
Other receivable from subsidiaries		11,116,320	9,912,000
Investment in subsidiaries		24,198,950	21,093,753
TOTAL ASSETS		49,743,729	45,337,994
Current liabilities:
Loan from stockholder		434,324	366,040
Accrued liabilities			5,000
Total current liabilities		454,324	371,040
Stockholders' equity:
Preferred stock: $0.001 par value; 10,000,000 shares authorized; none issued and outstanding
Common stock: $0.001 par value; 90,000,000 shares authorized; 73,510,130 and 58,510,130 shares issued and outstanding at December 31, 2016 and 2015, respectively		73,510	58,510
Additional paid-in capital		38,791,666	37,592,346
Retained earnings		10,444,229	7,316,098
Total stockholders' equity		49,309,405	44,966,954
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$ 49,743,729	$ 45,337,994

Condensed Financial Informati51

Condensed Financial Information of the Parent Company (Parenthetical) (Details 1) - $ / shares	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Condensed Balance Sheet Statements, Captions [Line Items]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	73,510,130	73,510,130
Common stock, shares outstanding	73,510,130	73,510,130
Parent Company [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Preferred stock, par value		$ 0.001	$ 0.001
Preferred stock, shares authorized		10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value		$ 0.001	$ 0.001
Common stock, shares authorized		90,000,000	90,000,000
Common stock, shares issued		73,510,130	58,510,130
Common stock, shares outstanding		73,510,130	58,510,130

Condensed Financial Informati52

Condensed Financial Information of the Parent Company (Details 2) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Operating expenses:
General and administrative	$ 240,792	$ 367,312
Net income	$ 1,709,757	$ 1,413,700
Parent Company [Member]
Revenues:
Share of earnings from investment in subsidiaries			$ 5,393,835	$ 5,521,942
Operating expenses:
Stock compensation				7,534,080
General and administrative			110,000	104,645
Net income			$ 5,283,835	$ (2,116,783)

Condensed Financial Informati53

Condensed Financial Information of the Parent Company (Details 3) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net income	$ 1,709,757	$ 1,413,700
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Net cash (used by) operating activities	3,462,786	2,356,535
Cash flows from financing activities:
Proceeds from sale of common stock			$ 1,214,320	$ 15,196,298
Net increase in cash	3,223,133	(1,126,234)
Cash, beginning	42,085,769	52,074,752	52,074,752
Cash, ending	45,308,902	50,948,518	42,085,769	52,074,752
Noncash financing activities:
Payment of accrued liabilities by shareholder	369,483	25,000
Parent Company [Member]
Cash flows from operating activities:
Net income			5,283,835	(2,116,783)
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Share of earnings from investment in subsidiaries			(5,283,835)	(5,521,942)
Stock compensation				7,534,080
(Decrease) increase in accrued liabilities				(32,509)
Net cash (used by) operating activities				(137,154)
Cash flows from financing activities:
Proceeds from sale of common stock				15,196,298
Proceeds from stockholders				137,154
Net cash (used by) financing activities				15,333,452
Effect of exchange rate changes on cash:			96,218	(864,057)
Net increase in cash			96,218	14,332,241
Cash, beginning	$ 14,428,459	$ 14,332,241	14,332,241
Cash, ending			14,428,459	14,332,241
Noncash financing activities:
Payment of accrued liabilities by shareholder			$ 115,000	$ 108,003

Condensed Financial Informati54

Condensed Financial Information of the Parent Company (Details Textual) - USD ($)	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Condensed Financial Information of the Parent Company (Textual)
Total stockholders' equity	$ 51,156,869	$ 49,309,405
Parent Company [Member]
Condensed Financial Information of the Parent Company (Textual)
Total stockholders' equity		$ 49,309,405	$ 44,966,954
Restricted net assets exceed percentage		25.00%

Subsequent Event (Details)

Subsequent Event (Details)	Mar. 01, 2017$ / shares	Apr. 24, 2017USD ($)$ / sharesshares	Apr. 21, 2017$ / sharesshares	Mar. 01, 2017AUD / shares
Subsequent Event (Textual)
Dividend declared | (per share)	$ 683,463			AUD 894,000
Wonhe Multimedia Commerce Ltd [Member]
Subsequent Event (Textual)
Percentage of indirectly owns iinterest rate	53.30%
Dividend declared | AUD / shares				AUD 0.005882
Subsequent Event [Member]
Subsequent Event (Textual)
Convert each preferred share into shares of common stock			200
Liquidation distribution of per preferred share | $ / shares			$ 0.001
Payment of redeem preferred shares description			The Company may redeem the Preferred Shares for a payment of $0.001 per Preferred Share by giving 30 days prior notice of redemption, during which period the holder of Preferred Shares may convert the Preferred Shares into common stock.
Subsequent Event [Member] | Series A Convertible Preferred Stock [Member]
Subsequent Event (Textual)
Designating series of shares			100,000
Subsequent Event [Member] | Beijing Yi Yu Culture Media Co., Ltd [Member] | Series A Preferred Stock [Member]
Subsequent Event (Textual)
Number of sale of shares		100,000
Purchase price of per share | $ / shares		$ 20
Total of purchase price | $		$ 2,000,000