Nova LifeStyle (NVFY) 10-K 28 Mar 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 21, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Nova Lifestyle, Inc.
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		24,095,972
Entity Public Float			$ 44,906,056
Amendment Flag	false
Entity Central Index Key	1,473,334
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 988,029	$ 1,244,308
Accounts receivable, net	50,451,665	42,971,510
Advance to suppliers	7,958,870	8,104,312
Inventories	5,254,029	3,612,868
Prepaid expenses and other receivables	1,180,452	641,208
Deferred tax asset	0	118,866
Total Current Assets	65,833,045	56,693,072
Noncurrent Assets
Heritage and cultural assets	124,868	132,513
Plant, property and equipment, net	15,201,395	14,377,909
Construction in progress	0	1,378,860
Lease deposit	94,235	96,096
Deposits for equipment and factory construction	143,758	1,264,551
Goodwill	218,606	218,606
Intangible assets, net	8,062,649	6,493,726
Deferred tax asset	69,451	0
Total Noncurrent Assets	23,914,962	23,962,261
Total Assets	89,748,007	80,655,333
Current Liabilities
Accounts payable	9,822,857	10,454,485
Line of credit	4,604,560	7,592,879
Advance from customers	187,359	123,673
Accrued liabilities and other payables	2,584,622	2,470,284
Warrant derivative liability	0	1,465,019
Taxes payable	5,773	61,769
Total Current Liabilities	17,205,171	22,168,109
Noncurrent Liabilities
Line of credit	5,659,357	0
Deferred rent payable	89,904	85,077
Deferred tax liability	0	12,199
Income tax payable	6,801,893	6,607,739
Total Noncurrent Liabilities	12,551,154	6,705,015
Total Liabilities	$ 29,756,325	$ 28,873,124
Contingencies and Commitments
Stockholders' Equity
Common stock, $0.001 par value; 75,000,000 shares authorized, 24,254,160 and 20,897,316 shares issued and outstanding as of December 31, 2015 and 2014, respectively	$ 24,254	$ 20,897
Additional paid-in capital	31,761,983	24,751,476
Statutory reserves	6,241	6,241
Accumulated other comprehensive income	1,570,534	2,575,167
Retained earnings	26,628,670	24,428,428
Total Stockholders' Equity	59,991,682	51,782,209
Total Liabilities and Stockholders' Equity	$ 89,748,007	$ 80,655,333

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	24,254,160	20,897,316
Common stock, shares outstanding	24,254,160	20,897,316

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net Sales	$ 108,820,112	$ 98,711,275
Cost of Sales	90,430,560	79,319,418
Gross Profit	18,389,552	19,391,857
Operating Expenses
Selling expenses	6,161,294	5,477,132
General and administrative expenses	8,678,402	7,823,767
Goodwill impairment	0	808,518
Loss on disposal of fixed assets	0	31,727
Total Operating Expenses	14,839,696	14,141,144
Income From Operations	3,549,856	5,250,713
Other Income (Expenses)
Non-operating income, net	325,701	241,189
Foreign exchange transaction gain	93,797	48,183
(Loss) Gain on change in fair value and extinguishment of warrant liability	(767,096)	4,194,847
Interest expense	(387,477)	(158,336)
Financial expense	(62,953)	(41,212)
Total Other (Expenses) Income, Net	(798,028)	4,284,671
Income Before Income Tax	2,751,828	9,535,384
Income Tax Expense	551,586	980,736
Net Income	2,200,242	8,554,648
Other Comprehensive Income
Foreign currency translation	(1,004,633)	(27,843)
Comprehensive Income	$ 1,195,609	$ 8,526,805
Basic weighted average shares outstanding (in Shares)	22,825,652	20,381,934
Diluted weighted average shares outstanding (in Shares)	22,825,652	20,470,258
Basic net earnings per share (in Dollars per share)	$ 0.10	$ 0.42
Diluted net earnings per share (in Dollars per share)	$ 0.10	$ 0.42

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Receivables from Stockholder [Member]	AOCI Attributable to Parent [Member]	Statutory Reserve [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2013	$ 19,206	$ 20,977,058	$ (750,000)	$ 2,603,010	$ 6,241	$ 15,873,780	$ 38,729,295
Balance (in Shares) at Dec. 31, 2013	19,206,024
Exercise of warrants	$ 201	468,640					468,841
Exercise of warrants (in Shares)	201,233
Sales of common stock, net of issuance	$ 1,320	8,117,680					8,119,000
Sales of common stock, net of issuance (in Shares)	1,320,059
Stock issued for service	$ 120	541,280					541,400
Stock issued for service (in Shares)	120,000
Stock issued to officer	$ 50	190,955					191,005
Stock issued to officer (in Shares)	50,000
Stock compensation for board of directors		39,101					39,101
Fund received from subscription receivable			750,000				750,000
Warrants expense		76,629					76,629
Derivative warrant issued in connection with sales of common stock		(5,659,866)					(5,659,866)
Net income						8,554,648	8,554,648
Foreign currency translation gain				(27,843)			(27,843)
Balance at Dec. 31, 2014	$ 20,897	24,751,476	$ 0	2,575,167	6,241	24,428,428	$ 51,782,209
Balance (in Shares) at Dec. 31, 2014	20,897,316						20,897,316
Exercise of warrants	$ 1,063	2,231,052					$ 2,232,115
Exercise of warrants (in Shares)	1,062,912
Sales of common stock, net of issuance	$ 2,000	3,643,002					3,645,002
Sales of common stock, net of issuance (in Shares)	2,000,001
Stock issued for service	$ 63	191,939					192,002
Stock issued for service (in Shares)	63,332
Stock issued to officer	$ 189	790,811					791,000
Stock issued to officer (in Shares)	189,209
Stock compensation for board of directors	$ 42	153,703					153,745
Stock compensation for board of directors (in Shares)	41,390
Net income						2,200,242	2,200,242
Foreign currency translation gain				(1,004,633)			(1,004,633)
Balance at Dec. 31, 2015	$ 24,254	$ 31,761,983		$ 1,570,534	$ 6,241	$ 26,628,670	$ 59,991,682
Balance (in Shares) at Dec. 31, 2015	24,254,160						24,254,160

CONSOLIDATED STATEMENTS OF STO6

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parentheticals) - USD ($)	Apr. 14, 2014	Dec. 31, 2015	Dec. 31, 2014
Issuance cost	$ 716,000	$ 355,000	$ 831,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash Flows From Operating Activities
Net Income	$ 2,200,242	$ 8,554,648
Adjustments to reconcile net income to net cash (used in) operating activities:
Depreciation and amortization	1,860,598	1,700,758
Deferred tax expense	35,127	180,720
Stock compensation expense	1,377,328	663,317
Warrants expense	0	76,629
Change in fair value and extinguishment of warrant liability	767,096	(4,194,847)
Bad debt expenses	669,596	119,121
Goodwill impairment	0	808,518
Loss on disposal of fixed assets	0	31,727
Changes in operating assets and liabilities:
Accounts receivable	(8,659,276)	(15,066,077)
Advance to suppliers	137,262	(4,572,043)
Inventories	(1,798,077)	(266,023)
Other current assets	(922,702)	131,343
Accounts payable	(382,438)	3,508,782
Advance from customers	68,975	80,602
Accrued expenses and other payables	(5,036)	998,188
Deferred rent payable	10,149	11,149
Taxes payable	411,848	777,758
Net Cash Used in Operating Activities	(4,229,308)	(6,455,730)
Cash Flows From Investing Activities
Deposits on plant construction and equipment	(80,604)	(1,252,811)
Payment for land compensation fee and occupancy tax	(951,003)	0
Purchase of property and equipment	(396,049)	(1,617,961)
Cash received from disposition of fixed assets	0	11,998
Construction in progress	(1,046,008)	(1,278,951)
Net Cash Used in Investing Activities	(2,473,664)	(4,137,725)
Cash Flows From Financing Activities
Proceeds from line of credit and bank loan	38,908,577	30,612,098
Repayment to line of credit and bank loan	(36,101,507)	(30,439,566)
Proceeds from subscription receivable	0	750,000
Cash received from warrants exercised	0	468,841
Proceeds from equity financing, net of expenses of $355,000 (2014: $831,000)	3,645,002	8,119,000
Net Cash Provided by Financing Activities	6,452,072	9,510,373
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(5,379)	4,052
Net decrease in cash and cash equivalents	(256,279)	(1,079,030)
Cash and cash equivalents, beginning of year	1,244,308	2,323,338
Cash and cash equivalents, ending of year	988,029	1,244,308
Cash paid during the year for:
Income tax payments	131,292	21,493
Interest expense	388,325	312,322
Supplemental Disclosure of Non-Cash Financing Activities
Construction in progress and deposits for equipment and factory construction transfer to fixed assets	2,406,995	797,665
Construction in progress transfer to intangible assets	1,208,200	0
Issuance of common stock in exchange of surrender and termination of warrants	$ 2,232,115	$ 0

CONSOLIDATED STATEMENTS OF CAS8

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parentheticals) - USD ($)	Apr. 14, 2014	Dec. 31, 2015	Dec. 31, 2014
Equity financing expenses	$ 716,000	$ 355,000	$ 831,000

Note 1 - Organization and Descr

Note 1 - Organization and Description of Business	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 - Organization and Description of Business Nova LifeStyle, Inc. (“Nova LifeStyle” or the “Company”), formerly known as Stevens Resources, Inc., was incorporated in the State of Nevada on September 9, 2009. The Company is a U.S. holding company with no material assets other than the ownership interests of our subsidiaries through which we market, design, manufacture and sell furniture worldwide: Nova Furniture Limited (“Nova Furniture”), Bright Swallow International Group Limited (“Bright Swallow” or “BSI”), Nova Furniture (Dongguan) Co., Ltd. (“Nova Dongguan”), Nova Furniture Macao Commercial Offshore Limited (“Nova Macao”), Nova Dongguan Chinese Style Furniture Museum (“Nova Museum”), Diamond Bar Outdoors, Inc. (“Diamond Bar”), and Dongguan Ding Nuo Household Products Co., Ltd. (“Ding Nuo”). Nova Dongguan is a wholly foreign-owned enterprise, or WFOE, and was incorporated under the laws of the PRC on June 6, 2003. Nova Macao was organized under the laws of Macao on May 20, 2006. Nova Dongguan and Nova Macao are wholly owned subsidiaries of Nova Furniture, a wholly owned subsidiary of the Company organized under the laws of the British Virgin Islands, or the BVI. Nova Dongguan organized Nova Museum on March 17, 2011 as a non-profit organization under the laws of the PRC engaged in the promotion of the culture and history of furniture in China. Diamond Bar, doing business as Diamond Sofa, was incorporated in California on June 15, 2000. Nova Dongguan markets and sells our products in China to stores in our franchise network and to wholesalers and agents for domestic retailers and exporters. Nova Dongguan also provides the design expertise and facilities to manufacture our branded products and products for international markets under original design manufacturer and original equipment manufacturer agreements, or ODM and OEM agreements. Nova Macao is a trading company, importing, marketing and selling products designed and manufactured by Nova Dongguan and third party manufacturers for the U.S. and international markets. Diamond Bar markets and sells products manufactured by us and third party manufacturers under the Diamond Sofa brand to distributors and retailers principally in the U.S. market. On April 24, 2013, the Company completed the acquisition of Bright Swallow, an established furniture company with a global client base. On October 24, 2013, Nova Dongguan incorporated Dongguan Ding Nuo Household Products Co., Ltd. (“Ding Nuo”) under the laws of the PRC and contributed capital of RMB 1 million ($162,994). Nova Dongguan made an additional capital contribution of RMB 0.1 million ($16,305) on November 27, 2013 through one of Nova Dongguan’s officers who acts as the nominee shareholder of Ding Nuo. All of the nominee shareholder’s shares were put in escrow and trust with Nova Dongguan and all profits and loss of Ding Nuo will be distributed to Nova Dongguan; accordingly, Nova Dongguan effectively controls 100% of Ding Nuo. Ding Nuo was established mainly for engaging in business with IKEA. The “Company” and “Nova” collectively refer to Nova LifeStyle, the U.S. parent, and its subsidiaries, Nova Furniture, Nova Dongguan, Nova Macao, Nova Museum, Diamond Bar, BSI and Ding Nuo.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2 - Summary of Significant Accounting Policies Basis of Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation. Use of Estimates In preparing consolidated financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions made by management include, but are not limited to, the allowance for bad debt, valuation of inventories, unrecognized tax benefits, valuation allowance for deferred tax assets, assumptions used in assessing impairment of long-lived assets and goodwill and fair value of warrant derivative liability. Actual results could differ from those estimates. Business Combination For a business combination, the assets acquired, the liabilities assumed and any noncontrolling interest in the acquiree are recognized at the acquisition date, measured at their fair values as of that date. In a business combination achieved in stages, the identifiable assets and liabilities, as well as the noncontrolling interest in the acquiree, are recognized at the full amounts of their fair values. In a bargain purchase in which the total acquisition-date fair value of the identifiable net assets acquired exceeds the fair value of the consideration transferred plus any noncontrolling interest in the acquiree that excess in earnings is recognized as a gain attributable to the acquirer. Deferred tax liability and asset are recognized for the deferred tax consequences of differences between the tax bases and the recognized values of assets acquired and liabilities assumed in a business combination in accordance with Accounting Standards Codification (“ASC”) Topic 740-10. Goodwill Goodwill is the excess of purchase price and related costs over the value assigned to the net tangible and identifiable intangible assets of businesses acquired. In accordance with ASC Topic 350, “Intangibles-Goodwill and Other,” goodwill is not amortized but is tested for impairment, annually or more frequently when circumstances indicate a possible impairment may exist. Impairment testing is performed at a reporting unit level. An impairment loss generally would be recognized when the carrying amount of the reporting unit exceeds its fair value, with the fair value of the reporting unit determined using discounted cash flow (“DCF”) analysis. A number of significant assumptions and estimates are involved in the application of the DCF analysis to forecast operating cash flows, including the discount rate, the internal rate of return and projections of realizations and costs to produce. Management considers historical experience and all available information at the time the fair values of its reporting units are estimated. ASC Topic 350 also permits an entity to first assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then the two-step goodwill impairment test is required to be performed. Otherwise, no further testing is required. Performing the qualitative assessment involved identifying the relevant drivers of fair value, evaluating the significance of all identified relevant events and circumstances, and weighing the factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. After evaluating and weighing all these relevant events and circumstances, it was concluded that a positive assertion can be made from the qualitative assessment that it is more likely than not that the fair value of Diamond Bar is greater than its carrying amount. As such, it is not necessary to perform the two-step goodwill impairment test for Diamond Bar reporting unit. Accordingly, as of December 31, 2015 and 2014, the Company concluded there was no impairment of goodwill of Diamond Bar. On April 24, 2013, Nova LifeStyle completed the acquisition of Bright Swallow. Under the acquisition method of accounting, the total purchase is allocated to tangible assets and intangible assets acquired and liabilities assumed based on their fair values with the excess charged to goodwill. Nova LifeStyle recognized $808,518 of goodwill from the acquisition. In June 2014, the Company performed an interim goodwill impairment assessment for Bright Swallow using a two-step impairment test based on Bright Swallow’s actual performance for the first six-months of 2014 and updated revenue and expense projections. Based on this analysis, the Company concluded that all of the goodwill pertaining to Bright Swallow was impaired in June 2014. The goodwill impairment charge is non-cash. The goodwill impairment charge is not deductible for income tax purposes and, therefore, the Company did not recorded a corresponding tax benefit in 2014. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Accounts Receivable The Company’s policy is to maintain an allowance for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. Based on historical collection activity, the Company recorded $484,936 and $398,991 as allowance for bad debts as of December 31, 2015 and 2014, respectively. The Company recognized a loss of $669,596 from bad debts during the year ended December 31, 2015. Inventories Inventories are stated at the lower of cost or market value with cost determined on a weighted-average basis. Management compares the cost of inventories with the net realizable value and an allowance is made for writing down their inventories to market value, if lower. The Company did not record any write-downs of inventory at December 31, 2015 and 2014. Plant, Property and Equipment and Construction in Progress Plant, property and equipment are stated at cost, net of accumulated depreciation and impairment losses, if any. Expenditures for maintenance and repairs are expensed as incurred; while additions, renewals and improvements are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation is removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method for substantially all assets with 10% salvage value and estimated lives as follows: Building and workshops 20 years Computer and office equipment 5 years Decoration and renovation 10 years Machinery 10 years Autos 5 years Depreciation of plant, property and equipment attributable to manufacturing activities is capitalized as part of inventories, and expensed to cost of goods sold when inventories are sold. Construction in progress represents capital expenditure in respect of direct costs of construction or acquisition and design fees incurred. Capitalization of these costs ceases and the construction in progress is transferred to the appropriate category of property, plant and equipment when substantially all the activities necessary to prepare the assets for their intended use are completed. Construction in progress is not depreciated until such time as the asset is completed and is ready for its intended use. Impairment of Long-Lived Assets Long-lived assets, which include property, plant and equipment and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets to be held and used is measured by comparing the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the assets. Fair value is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable. Based on its review, the Company believes that, as of December 31, 2015 and 2014, there was no significant impairment of its long-lived assets. The Company recognized a loss of $0 and $31,727 from disposal of damaged equipment, furniture and fixtures during the years ended December 31, 2015 and 2014, respectively. Research and Development Research and development costs are related primarily to the Company designing and testing its new products during the development stage. Research and development costs are recognized in general and administrative expenses and expensed as incurred. Research and development expense was $1,072,485 and $1,248,684 for the years ended December 31, 2015 and 2014, respectively. Income Taxes Income taxes are accounted for using an asset and liability method. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company follows ASC Topic 740, which prescribes a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures. Under the provisions of ASC Topic 740, when tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. China’s Corporate Income Tax Law (“CIT Law”), together with its Implementation Regulations, effective as of January 1, 2008, introduced a set of anti-avoidance measures under its special tax adjustments regulations. In January 2009, the State Administration of Taxation issued Circular of the State Administration of Taxation on the Issuance of the Implementation Measure of Special Tax Adjustments (“Circular 2”). The regulation is applied retrospectively for tax years beginning after January 1, 2008. Article 3 of Circular 2 states that in respect of transfer pricing administration, relevant tax authorities shall examine business transactions between enterprises and their related parties (“related-party transactions”) and evaluate whether they are conducted on an arm’s-length basis, in addition to conducting investigations and making adjustments, as required under the CIT Law and Article 36 of the PRC Tax Administration and Collection Law (“Tax Collection Law”). During November 2015, the FASB issued ASU 2015-17, “Balance Sheet Classification of Deferred Taxes,” which simplifies the presentation of deferred income taxes. This ASU requires that deferred tax assets and liabilities be classified as non-current in a statement of financial position. The Company early adopted this guidance to the current fiscal year ending December 31, 2015 on a prospective basis. Adoption of this guidance resulted in a reclassification of the net current deferred tax asset to the net non-current deferred tax asset in the consolidated balance sheet as of December 31, 2015. No prior periods were retrospectively adjusted. The significant uncertain tax position arose from the transfer pricing between Nova Dongguan and Nova Macao, wherein the Company determined that the gross profit generated by Nova Dongguan from sales to Nova Macao was materially different from profits generated from sales to third parties. The statute of limitations for transfer pricing issues is 10 years from the tax year in which the transfer pricing issue arises pursuant to PRC tax law. A reconciliation of the January 1, 2014, through December 31, 2015, amount of unrecognized tax benefits excluding interest and penalties ("Gross UTB") is as follows: Gross UTB 2015 2014 Beginning Balance $ 5,132,440 $ 4,927,431 Increase in unrecorded tax benefits taken in the years ended December 31, 2015 and 2014 13,626 196,624 Exchange rate adjustment (256,505 ) 8,385 Ending Balance $ 4,889,561 $ 5,132,440 At December 31, 2015, the Company had cumulatively accrued approximately $1,913,000 for estimated interest and penalties related to unrecognized tax benefits. At December 31, 2014, the Company had cumulatively accrued approximately $1,457,000 for estimated interest and penalties related to unrecognized tax benefits. The Company recorded interest and penalties related to unrecognized tax benefits as a component of income tax expense, which totaled approximately $456,000 and $440,000 for the years ended December 31, 2015 and 2014, respectively. For the year ended December 31, 2015, the Company did not record unrecognized tax benefits related to transfer pricing adjustments between Dongguan and Macau since the intercompany sales between the two entities appears to comply with reasonable arm’s length principles. For the year ended December 31, 2014, the Company recorded $63,000 of unrecognized tax benefit related to transfer pricing adjustment between Nova Dongguan and Nova Macau in the statement of operations and in long term income tax payable. The tax returns of the Company’s PRC subsidiaries are subject to examination by the relevant PRC tax authorities. According to the Tax Collection Law, the statute of limitations for underpayment of taxes is three years if the underpayment is due to computational errors made by the taxpayer or the withholding agent. Under special circumstances, the statute of limitations is extended to five years if the underpayment of taxes is more than RMB 100,000. In accordance with the Implementation Regulations of the CIT Law, the statute of limitations in the case of transfer pricing issues is ten years. There is no statute of limitations in the case of tax evasion. The Company’s Chinese subsidiaries are subject to taxation in the PRC. The PRC income tax returns are generally not subject to examination by the tax authorities for tax years before 2010. With a few exceptions, the tax years 2010 -2015 remain open to examination by tax authorities in the PRC. The tax years 2012 - 2015 for US entities remains open to examination by tax authorities in the US. Revenue Recognition The Company’s revenue recognition policies are in compliance with ASC Topic 605, “Revenue Recognition.” Sales revenue is recognized when a formal arrangement exists, the price is fixed or determinable, the delivery is completed and no other significant obligations of the Company exist and collectability is reasonably assured. No revenue is recognized if there are significant uncertainties regarding the recovery of the consideration due, or the possible return of the goods. Payments received before all of the relevant criteria for revenue recognition are recorded as unearned revenue. Sales revenue represents the invoiced value of goods, net of value-added taxes (“VAT”). All of the Company’s products sold in China are subject to the PRC VAT of 17% of the gross sales price. This VAT may be offset by VAT paid by the Company on raw materials and other materials purchased in China and included in the cost of producing the finished product. The Company records VAT payable and VAT receivable net of payments in the consolidated financial statements. The VAT tax return is filed offsetting the payables against the receivables. Sales and purchases are recorded net of VAT collected and paid as the Company acts as an agent for the government. The Company’s sales policy allows for the return of product within the warranty period if the product is defective and the defects are the Company’s fault. As alternatives for the product return option, the customers have options of asking a discount from the Company for the products with quality issues or receiving replacement parts from the Company at no cost. The amount for return of products, the discount provided to the Company’s customers and the cost for replacement parts were immaterial for the years ended December 31, 2015 and 2014. Franchise Arrangements In 2010, the Company began entering into area product franchise agreements with franchisees who operate specialty furniture stores carrying only Nova-branded products. The product franchise agreement provides for the franchisee to retail Nova-brand furniture products for a period of one year from the date of the agreement. The franchisee is required to pay a deposit of RMB 30,000 at the signing of the agreement, which is used as payment for future purchases and is deferred on the Company’s balance sheet as a customer deposit. The franchisee is required to guarantee a minimum purchase amount from the Company during the contract period. The Company has the right to terminate the agreement should the franchisee fail to meet the minimum purchase amount. The Company provides the franchisee with store images and designs, signage, floor plan product information and training. In addition, the Company will rebate a per square meter subsidy to the franchisee for the store build-out within 12 months from the agreement date. Under the program, the Company has established standard renovation amounts (the “Renovation Subsidy”) for various cities in China. The franchisee is able to obtain, in the form of credits against purchase orders, percentages of the Renovation Subsidy applicable in the city in which the franchisee is located, as follows: 30% of the Renovation Subsidy applied to the first purchase order and 5% of each purchase order thereafter until the aggregate of all credits equals 100% of the Renovation Subsidy, or 12 months from the date of the franchise agreement, whichever occurs first. At December 31, 2015 and 2014, the Company had a franchising subsidy payable of $0 and $117,704, respectively, and these amounts were included in other payables. In accordance with ASC 605-50, as the Company does not receive an identifiable benefit from these rebates, the rebates are recorded as a reduction of revenue on sales to the franchisees. Cost of Sales Cost of sales consists primarily of finished goods purchased from other manufacturers, material costs, labor costs and related overhead that are directly attributable to the production of the products. Write-down of inventory to the lower of cost or market value is also recorded in the cost of sales. Shipping and Handling Costs Shipping and handling costs related to delivery of finished goods are included in selling expenses. During the years ended December 31, 2015 and 2014, shipping and handling costs were $584,258 and $622,941, respectively. Advertising Advertising expenses consist primarily of costs of promotion and marketing for the Company’s image and products, and costs of direct advertising. The Company expenses all advertising costs as incurred. Advertising expense was $2,522,496 and $1,810,314 for years ended December 31, 2015 and 2014, respectively, and was included in the selling expense in the consolidated statement of income and comprehensive income. Earnings per Share (EPS) Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed similar to basic net income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if all the potential common shares pertaining to warrants, stock options, and similar instruments had been issued and if the additional common shares were dilutive. Diluted earnings per share are based on the assumption that all dilutive convertible shares and stock options and warrants were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding options and warrants, and the if-converted method for the outstanding convertible instruments. Under the treasury stock method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later) and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, outstanding convertible instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later). The following table presents a reconciliation of basic and diluted earnings per share for the years ended December 31, 2015 and 2014: Years Ended December 31, 2015 2014 Net income $ 2,200,242 $ 8,554,648 Weighted average shares outstanding – basic 22,825,652 20,381,934 Effect of dilutive securities: Unexercised warrants - 88,324 Weighted average shares outstanding – diluted 22,825,652 20,470,258 Earnings per share – basic $ 0.10 $ 0.42 Earnings per share – diluted $ 0.10 $ 0.42 At December 31, 2015 and 2014, warrants to purchase 2,050,001 and 1,241,462 shares of common stock were outstanding and exercisable, respectively. For the years ended December 31, 2015 and 2014, 2,050,001 and 1,062,912 shares purchasable under warrants were excluded from EPS, respectively, as their effects were anti-dilutive. Concentration of Credit Risk Financial instruments that potentially subject the Company to credit risk consist primarily of accounts and other receivables. The Company does not require collateral or other security to support these receivables. The Company conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable. No major customer accounted for over 10% of the Company’s sales for the years ended December 31, 2015 and 2014. The Company purchased its products from four major vendors during the years ended December 31, 2015 and 2014, accounting for a total of 64% (19%, 17%, 14% and 14% for each) and 67% (20%, 20%, 15% and 12% for each) of the Company’s purchases, respectively. Accounts payable to these vendors were $4,294,228 and $3,901,713 as of December 31, 2015 and 2014, respectively. The operations of the Company are located principally in China and the US. Accordingly, the Company’s Chinese subsidiaries' business, financial condition and results of operations may be influenced by the political, economic and legal environments in China, as well as by the general state of the PRC economy. The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments in China and foreign currency exchange. The Company’s results may be adversely affected by changes in PRC government policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. The Company’s sales, purchase and expense transactions in China are denominated in Chinese Yuan Renminbi (“RMB”), and all of the assets and liabilities of the Company’s subsidiaries in China are also denominated in RMB. The RMB is not freely convertible into foreign currencies under the current law. In China, foreign exchange transactions are required by law to be transacted only by authorized financial institutions. Remittances in currencies other than RMB may require certain supporting documentation in order to affect the remittance. Statement of Cash Flows In accordance with FASB ASC Topic 230, “Statement of Cash Flows,” cash flows from the Company’s operations is calculated based upon local currencies. As a result, amounts related to assets and liabilities reported on the statement of cash flows may not necessarily agree with changes in the corresponding balances on the balance sheet. Fair Value of Financial Instruments Some of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, other receivables, accounts payable, accrued liabilities and short-term debt, have carrying amounts that approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: · Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. · Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. · Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The Company analyzes all financial instruments with features of both liabilities and equity under ASC Topic 480, “Distinguishing Liabilities from Equity,” and ASC Topic 815, “Derivatives and Hedging.” The carrying value of cash, accounts receivable, advance to suppliers, other receivables, accounts payable, line of credit, advance from customers, other payables and accrued liabilities approximate estimated fair values because of their short maturities. The estimated fair value of our long-term lines of credit approximated the carrying amount as of December 31, 2015, as their interest rates are considered as approximate to the current rate for comparable loans at the respective balance sheet dates. The carrying value of the warrant liability is determined using the Binomial Lattice option pricing model as described in Note 16. Certain assumptions used in the calculation of the warrant liability represent Level-3 unobservable inputs. The Company did not have any assets or liabilities categorized as Level 1 or 2 as of December 31, 2015. The following table summarizes the activity of Level 3 inputs measured on a recurring basis: Fair Value Measurements of Common Stock Warrants Using Significant Unobservable Inputs (Level 3) For The Years Ended December 31, 2015 and 2014 Issuance of Series A, B and C Warrants and Placement Agent Warrants on April 14 and April 17, 2014, respectively $ 5,659,866 Adjustment resulting from change in value recognized in earnings (a) (4,194,847 ) Balance at December 31, 2014 1,465,019 Adjustment resulting from change in value recognized in earnings (a) and extinguishment of warrants recognized in earnings 767,096 1,053,670 common shares issued in exchange of surrender of 1,053,670 warrants (2,212,707 ) 9,242 common shares issued in exchange of surrender of 9,242 warrants (19,408 ) Balance at December 31, 2015 $ - (a) Adjustment resulting from change in fair value Foreign Currency Translation and Transactions The consolidated financial statements are presented in USD. The functional currency of Nova LifeStyle, Nova Furniture, Nova Macao, Bright Swallow and Diamond Bar is the United States Dollar (“$” or “USD”). The functional currency of Nova Dongguan, Nova Museum and Ding Nuo is RMB. The functional currencies of the Company’s foreign operations are translated into USD for balance sheet accounts using the current exchange rates in effect as of the balance sheet date, except for the equity account using the historical exchange rate, and for revenue and expense accounts using the weighted-average exchange rate during the fiscal year. The translation adjustments are recorded in the consolidated statements of income and comprehensive income, captioned “Accumulated other comprehensive income.” Gains and losses resulting from transactions denominated in foreign currencies are included in “Other income (expenses)” in the consolidated statements of income and comprehensive income. There have been no significant fluctuations in the exchange rate for the conversion of RMB to USD after the balance sheet date. The RMB to USD exchange rates in effect as of December 31, 2015 and December 31, 2014, were RMB6.4936 = USD$1.00 and RMB6.1190 = USD$1.00, respectively. The weighted-average RMB to USD exchange rates in effect for the years ended December 31, 2015 and 2014, were RMB6.2284= USD$1.00 and RMB6.1431= USD$1.00, respectively. The exchange rates used in translation from RMB to USD were published by the People’s Bank of the People’s Republic of China. Comprehensive Income The Company follows FASB ASC 220 “Reporting Comprehensive Income.” Comprehensive income is comprised of net income and all changes to the consolidated statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders. Comprehensive income for the years ended December 31, 2015 and 2014 included net income and foreign currency translation adjustments. Segment Reporting ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. Management determined that the Company’s operations constitute a single reportable segment in accordance with ASC 280. The Company operates exclusively in one business and industry segment: the design, manufacture and sale of furniture. All of the Company’s long-lived assets for production are located at its facilities in Dongguan, Guangdong Province, China, and operate within the same environmental, safety and quality regulations governing furniture manufacturers. The Company established Nova Macao and Ding Nuo, and acquired Diamond

Note 3 - Inventories

Note 3 - Inventories	12 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note 3 – Inventories As of December 31, 2015 and 2014, inventories consisted of the following: 2015 2014 Raw materials $ 311,751 $ 205,813 Work in progress 1,753,090 1,153,605 Finished goods 3,189,188 2,253,450 $ 5,254,029 $ 3,612,868

Note 4 - Advance to suppliers

Note 4 - Advance to suppliers	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block Supplement [Abstract]
Other Current Assets [Text Block]	Note 4 – Advance to Suppliers As of December 31, 2015 and 2014, the Company had an advance to suppliers of $7,958,870 and $8,104,312, respectively. During the year ended December 31, 2014, the Company made certain advance payments to one of its suppliers totaling $5,000,000 to secure a favorable pricing structure on purchase orders submitted. As a result of production delays, on July 1, 2014, the Company entered into an agreement with this supplier to charge interest on these advances at an annual rate of 4.75% with maturity on March 31, 2015, interest to be paid monthly. Shipments received from the supplier were to be credited against the advance payments. The supplier had the option to repay the short-term advances for any product that it would not be able to deliver at any time. Initial shipments against these purchase orders were received by the Company in July 2014. As of December 31, 2015 and 2014, the outstanding balance of advance payments to this supplier was $0 and $636,791, respectively. The advance was paid in full on January 21, 2015. During the years ended December 31, 2015 (prior to the date of payment in full) and 2014, the supplier paid interest of $3,870 and $121,403 to the Company, respectively.

Note 5 - Heritage and Cultural

Note 5 - Heritage and Cultural Assets	12 Months Ended
	Dec. 31, 2015
Heritage And Cultural Assets [Abstract]
Heritage And Cultural Assets [Text Block]	Note 5 - Heritage and Cultural Assets As of December 31, 2015 and 2014, Nova Museum had heritage and cultural assets of $124,868 and $132,513, respectively, consisting principally of collectibles and antiques for exhibition. Depreciation is not required to be provided on heritage assets that have indefinite lives and no reduction in their value with the passage of time; however, the carrying amount of the heritage and cultural assets will be reviewed when there is evidence of impairment in accordance with ASC 360-10.

Note 6 - Plant, Property and Eq

Note 6 - Plant, Property and Equipment, Net	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Note 6 - Plant, Property and Equipment, Net As of December 31, 2015 and 2014, plant, property and equipment consisted of the following: 2015 2014 Building and workshops $ 12,683,592 $ 10,905,721 Computer and office equipment 678,868 690,913 Autos 999,106 1,060,270 Machinery 6,310,759 6,287,877 Decoration and renovation 1,087,711 994,272 Less: accumulated depreciation (6,558,641 ) (5,561,144 ) $ 15,201,395 $ 14,377,909 Depreciation expense was $1,364,953 and $1,229,527 for the years ended December 31, 2015 and 2014, respectively.

Note 7 - Construction in Progre

Note 7 - Construction in Progress	12 Months Ended
	Dec. 31, 2015
Construction In Progress [Abstract]
Construction In Progress [Text Block]	Note 7 - Construction in Progress As of December 31, 2015 and 2014, construction in progress consisted of the following: 2015 2014 New factory construction $ - $ 767,160 Development, programming and design of the Company’s eCommerce platform, downloadable mobile application and Nova sales kit application - 611,700 $ - $ 1,378,860 The total cost for factory construction was $2.41 million (RMB 15,619,776). As of December 31, 2015, the construction of the factory was completed. The Company’s eCommerce platform is a website through which customers are able to browse and place orders online for the Company’s products. For the downloadable mobile application, customers are able to download onto their own mobile devices to browse the Company’s product offerings. The Nova sales kit application is used internally on mobile devices at the Company’s franchise stores to enable the Company’s sales representatives to display the Company’s products and inventory to customers visiting the stores. The total cost associated with the development, programming, design and roll-out of the Company’s eCommerce platform, downloadable mobile application, and Nova sales kit application is approximately $1.20 million. As of December 31, 2015, the Company’s eCommerce platform, downloadable mobile application, and Nova sales-kit application were all completed and put into operation (see Note 9). These intangible assets are amortized using the straight-line method with estimated lives of 10 years for each.

Note 8 - Deposits for Equipment

Note 8 - Deposits for Equipment and Factory Construction	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block Supplement [Abstract]
Other Assets Disclosure [Text Block]	Note 8 – Deposits for Equipment and Factory Construction At December 31, 2015 and 2014, deposits mainly consist of $143,758 and $1,264,551 for the deposit payment for the purchase of equipment and the construction of a new plant at Nova Dongguan, respectively.

Note 9 - Intangible Assets

Note 9 - Intangible Assets	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block [Abstract]
Intangible Assets Disclosure [Text Block]	Note 9 - Intangible Assets Intangible assets consist of land use rights, trademarks, customer relationship and eCommerce Platform. All land in the PRC is government-owned and the ownership cannot be sold to any individual or company. However, the government grants the user a right to use the land (“land use right”). The Company acquired the right to use land in Dongguan, Guangdong Province, China, in 2004 for $555,222 (RMB 3.6 million) for 50 years and is amortizing such rights on a straight-line basis for 50 years. At February 28, 2012, the Company acquired another land use right for $523,592 (RMB 3.4 million) with useful life of 50 years and is amortizing such right on a straight-line basis for 50 years. During the year ended December 31, 2015, the Company paid $951,003 (RMB 5.92 million) in levies to the Chinese government in relation to the land use right which was acquired on February 28, 2012. The Company acquired a customer relationship with a fair value of $50,000 on August 31, 2011, as part of its acquisition of Diamond Bar. Concurrently with its acquisition of Diamond Bar, the Company entered into a trademark purchase and assignment agreement for all rights, title and interest in two trademarks (Diamond Sofa and Diamond Furniture) for $200,000 paid in full at the closing. Amortization of said customer relationship and the trademarks is provided using the straight-line method and estimated lives were 5 years for each. The Company acquired a customer relationship with a fair value of $6,100,559 on April 24, 2013, as part of its acquisition of Bright Swallow. Amortization of said customer relationship is provided using the straight-line method and estimated life was 15 years. Intangible assets consisted of the following at December 31, 2015 and 2014: 2015 2014 Land use rights $ 1,990,979 $ 1,144,859 eCommerce Platform (see Note 7) 1,208,200 - Customer relationship 6,150,559 6,150,559 Trademarks 200,000 200,000 Less: accumulated amortization (1,487,089 ) (1,001,692 ) $ 8,062,649 $ 6,493,726 Amortization of intangible assets was $495,645 and $479,511 for the years ended December 31, 2015 and 2014, respectively. Annual amortization expense is expected to be approximately $573,415 over each of the next five years.

Note 10 - Prepaid Expenses and

Note 10 - Prepaid Expenses and Other Receivables	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 10 - Prepaid Expenses and Other Receivables Other current assets consisted of the following at December 31, 2015 and 2014: 2015 2014 Prepaid expenses $ 526,016 $ 554,972 Other receivables 654,436 86,236 Total $ 1,180,452 $ 641,208 At December 31, 2015, other receivables mainly represented VAT recoverable of approximately $485,000, government grant receivable of approximately $77,000, a deposit paid to PayPal of approximately $20,000 and amounts due from employees of approximately $28,000. At December 31, 2014, other receivables mainly represented cash advanced to employees and exhibition deposits. At December 31, 2015, prepaid expenses included prepayments for marketing expense of approximately $338,900, consulting fees of approximately $47,800, insurance expenses of approximately $102,600, and other prepaid expenses of approximately $36,700. At December 31, 2014, prepaid expenses included prepayments for the Company’s eCommerce website server hosting fee of approximately $112,700, IR expense of approximately $231,000, insurance expenses of approximately $201,200, and other prepaid expenses of approximately $10,000.

Note 11 - Accrued Liabilities a

Note 11 - Accrued Liabilities and Other Payables	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block Supplement [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]	Note 11 - Accrued Liabilities and Other Payables Accrued liabilities and other payables consisted of the following at December 31, 2015 and 2014: 2015 2014 Payables to contractors $ 182,631 $ - Other payables 212,549 196,233 Salary payable 747,236 574,002 Financed insurance premiums 66,960 67,948 Accrued consulting fees 19,078 140,590 Franchising subsidy - 117,704 Accrued rents 135,673 155,945 Accrued commission 460,475 426,252 Accrued marketing expense 450,000 419,800 Accrued expenses, others 310,020 371,810 Total $ 2,584,622 $ 2,470,284 At December 31, 2015 and 2014, other accrued expenses mainly included legal fees, transportation expenses and utilities. Other payables represented VAT and other tax payable. The franchising subsidy represented the accrued amount the Company will pay to its franchisees as a rebate to support their franchise store decoration expense.

Note 12 - Lines of Credit

Note 12 - Lines of Credit	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note 12 - Lines of Credit Diamond Bar entered into an agreement with a bank in California for a line of credit of up to $5,000,000 with annual interest of 4.25% and maturity on June 1, 2015. On June 8, 2015, the bank extended and modified the terms of the loan agreement to extend the line of credit up to a maximum of $6,000,000 until July 31, 2015 and $5,000,000 thereafter with an annual interest rate of 4.25% and maturity on September 1, 2015 (the term of which the bank allowed to extend until the renewal described in the following sentence while the bank conducted its own audit associated therewith). On September 28, 2015, Diamond Bar extended the line of credit up to a maximum of $6,000,000 with annual interest of 3.75% (4% from December 17, 2015) and maturity on June 1, 2017. On January 20, 2016, Diamond Bar increased the line of credit up to a maximum of $8,000,000. The line of credit is secured by all of the assets of Diamond Bar and is guaranteed by . The Diamond Bar loan has the following covenants: (i) maintain a minimum tangible net worth of not less than $10 million; (ii) maintain a ratio of debt to tangible net worth not in excess of 2.500 to 1.000; (iii) the pre-tax income must be not less than 1.000% of total revenue quarterly; and (iv) maintain a current ratio in excess of 1.250 to 1.000. As of December 31, 2015, Diamond Bar was in compliance with the stated covenants. In addition, the loan agreement provides for a cross default provision whereby an event of default on this loan will cause the Nova Macao loan, which is described below, to also be in default, as both loans are from the same lender. On April 25, 2012, Nova Dongguan entered into an agreement with a commercial bank in Dongguan for a line of credit of up to $3,079,955 (RMB 20 million) with maturity on April 24, 2015. On November 20, 2014, the Company paid off the line of credit and entered into a new agreement with a reduced line of credit of up to $1,539,978 (RMB 10 million) with a maturity on May 19, 2015. On May 5, 2015, Nova Dongguan extended the line of credit of $538,992 (RMB 3.5 million) and $1,000,986 (RMB 6.5 million) with maturities on September 6, 2015 and October 18, 2015, respectively. On September 21, 2015, Nova Dongguan paid off the lines of credit and entered into a new agreement with an increased line of credit of up to $3,079,955 (RMB 20 million) for a period up to September 20, 2018. As of December 31, 2015 and 2014, Nova Dongguan had $2,756,560 (RMB 17.9 million) and $1,062,265 (RMB 6.5 million) outstanding, respectively. The loan of $1,986,571 (RMB 12.9 million) currently bears monthly interest of 0.47533% and requires monthly payment of the interest; the interest rate will be adjusted annually. The loan is due for repayment on September 24, 2016. On November 10, 2015, Nova Dongguan borrowed an additional $769,989 (RMB 5.0 million), which bore monthly interest of 0.47125% and requires monthly payment of the interest with maturity date on November 9, 2016. The loans are secured by the buildings of Nova Dongguan and are guaranteed by the Company’s CEO. During the years ended December 31, 2015 and 2014, the Company recorded interest expense of $112,465 and $55,159, respectively, related to the applicable line of credit agreements. As of December 31, 2015, Nova Dongguan had $323,395 (RMB 2.1 million) available for borrowing without violating any covenants. On January 22, 2015, Nova Macao renewed a line of credit, with an annual interest rate of 4.25% and principal of up to $6,500,000, with a commercial bank in Hong Kong to extend the maturity date to January 29, 2016. On February 16, 2016, Nova Macao extended the maturity date of line of credit to January 31, 2017. The loan requires monthly payment of interest and that the interest rate will be adjusted annually. The loan was secured by assignment of Sinosure (China Export and Credit Insurance Company) credit insurance and is guaranteed by Nova LifeStyle and Diamond Bar. As of December 31, 2015 and 2014, Nova Macao had $1,848,000 outstanding on the line of credit. During the years ended December 31, 2015 and 2014, the Company paid interest of $79,631 and $81,158, respectively. As of December 31, 2015, the Company had $4,652,000 available for borrowing without violating any covenants. The Nova Macao loan has the following covenants: (i) total outstanding under working capital advance shall not exceed the lesser of (a) the credit commitment of $6,500,000, (b) insurance claim limits and (c) borrowing base allowed of 80% advance rate against certain eligible accounts receivable; (ii) eligible accounts receivable are insured buyers by Sinosure assigned to the bank and within established insurance limit; (iii) the bank has an absolute right to exclude any portion of the accounts receivable from the aging report for computation of the borrowing base as it deems fit; (iv) in case the aggregate outstanding amount of credit facilities exceeds the available amount of facilities conferred by the aforesaid computation of borrowing base, the excess amount shall be settled within 7 days by Nova Macao. As of December 31, 2015, Nova Macao was in compliance with the stated covenants.

Note 13 - Income Taxes Payable

Note 13 - Income Taxes Payable	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 13 – Income Taxes Payable Taxes payable consisted of the following at December 31, 2015 and 2014: 2015 2014 Income tax payable - current $ 5,773 $ 61,769 Income tax payable – noncurrent $ 6,801,893 $ 6,607,739 The components of income before income taxes consisted of the following for the years ended December 31, 2015 and 2014: 2015 2014 (Loss) income subject to domestic income taxes only $ (920,468 ) $ 4,686,001 Income subject to foreign income taxes only 3,672,296 4,849,383 Total $ 2,751,828 $ 9,535,384 The Company’s subsidiaries incorporated in the PRC are subject to enterprise income taxes. The provision for income taxes consisted of the following: 2015 2014 Current: Federal $ 105,879 $ 308,891 State 17,610 15,475 PRC 390,880 474,934 514,369 799,300 Deferred: Federal (48,369 ) 122,475 State (4,373 ) 14,050 PRC 89,959 44,911 Total provision for income taxes $ 551,586 $ 980,736 The following is a reconciliation of the difference between the actual provision for income taxes and the provision computed by applying the federal statutory rate on income before income taxes: 2015 2014 Tax at Federal Statutory rate $ 935,621 $ 3,242,031 Foreign Rate Differential (22,023 ) (25,650 ) Foreign Permanent Differences - - Change in fair value and extinguishment of warrant liability 260,813 (1,426,248 ) ASC 740-10 Uncertain Tax Position 469,665 677,007 Tax exemption (1,121,724 ) (1,578,140 ) Stock Based Compensation 122,666 - Others (93,432 ) 91,736 $ 551,586 $ 980,736 The following presents the aggregate dollar and per share effects of the Company’s tax exemption: The aggregate dollar effect of tax holiday 2015 2014 Aggregate dollar effect of tax holiday $ 1,121,724 $ 1,578,140 Deferred tax assets and liabilities are recognized for the expected future tax consequences of differences between the carrying amounts of assets and liabilities and their respective tax bases using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred taxes are comprised of the following: 2015 2014 Current Deferred Tax Assets: Accrued liabilities $ - $ 143,832 Current Deferred Tax Liabilities: Prepaid expenses - (24,966 ) Net Current Deferred Tax Assets before Valuation Allowance - 118,866 Less: Valuation Allowance - - Current Deferred Tax Assets, Net: - 118,866 Non-Current Deferred Tax Assets: Accrued liabilities 89,887 - Fed & CA amortization 44,330 34,239 Stock compensation 116,332 - Deferred rent 12,248 7,799 PRC fixed asset and amortization 934 595 PRC NOL 499,502 65,599 Non-Current Deferred Tax Liabilities: Prepaid expenses (135,088 ) (395 ) Fed & CA depreciation (56,872 ) (82,657 ) Purchase accounting (2,557 ) (6,420 ) Net Non-Current Deferred Tax Assets (Liabilities) before Valuation Allowance 568,716 18,760 Less: Valuation Allowance (499,265 ) (30,959 ) Non-Current Deferred Tax Assets (Liabilities), Net: 69,451 (12,199 ) Total Deferred, Net: $ 69,451 $ 106,667 The Company has recorded a partial valuation allowance against its PRC deferred tax assets for the years ended December 31, 2015 and 2014. In accordance with ASC 740 Accounting for Income Taxes, based on all available evidence, including the Company’s historical results and the forecast of its future income, it is more likely than not that substantially all of its PRC entities will be able to realize the Company's deferred tax assets. Nova LifeStyle, Inc. and Diamond Bar are subject to U.S. federal and state income taxes. Nova Furniture BVI was incorporated in the BVI. There is no income tax for a company domiciled in the BVI. Accordingly, the Company’s consolidated financial statements do not present any income tax provision related to the BVI tax jurisdiction where Nova Furniture BVI is domiciled. On April 24, 2013, the Company acquired all outstanding shares of Bright Swallow. Generally, there is no income tax for a company domiciled in the BVI. For U.S. Federal and California income tax purposes, the Company has no net operating loss, or NOL carryforwards at December 31, 2015 and 2014, respectively. Nova Dongguan, Nova Museum and Ding Nuo are governed by the Enterprise Income Tax Law of the PRC, Nova Museum and Ding Nuo are subject to a 25% corporate income tax, while Nova Dongguan is subject to a 15% corporate income tax rate. As of June 5, 2014, Nova Dongguan was approved by PRC taxing authorities for High-Tech enterprise status, which is taxed at preferential income tax rate of 15% for period from January 1, 2014 to December 31, 2015. On September 19, 2013, Bright Swallow moved the office from Macau to Hong Kong, which is subject to a 16.5% corporate income tax. Nova Museum is subject to a 25% corporate income tax in the first year and allowed to apply for tax-exempt status in the second year following its incorporation. Nova Macao is an income tax-exempt entity incorporated and domiciled in Macao. The Company has net operating loss carry forwards for PRC enterprise income tax purposes of $1.9 million and $1.0 million at December 31, 2015 and 2014 respectively. Undistributed earnings of the Company's foreign subsidiaries amounted to approximately $26 million as of December 31, 2015 and $24 million as of December 31, 2014. Those earnings are considered to be permanently reinvested and accordingly, no deferred tax expense is recorded for U.S. federal and state income tax or applicable withholding taxes.

Note 14 - Related Party Transac

Note 14 - Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 14 - Related Party Transactions On September 30, 2011, Diamond Bar leased a showroom in High Point, North Carolina from the Company’s president. The lease is to be renewed at the beginning of each year. On March 16, 2015, the Company renewed the lease for an additional one year term. The lease was for $31,650 and only for use during two furniture exhibitions to be held between April 1, 2015 and March 31, 2016. During the year ended December 31, 2015, the Company paid rental amounts of $32,916.

Note 15 - Deferred Rent Payable

Note 15 - Deferred Rent Payable	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block Supplement [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Noncurrent [Text Block]	Note 15 - Deferred Rent Payable Deferred rent payable represented supplemental payments the Company must pay to the residents who originally lived on the land in Dongguan, Guangdong Province, China, to which the Company acquired land use rights for commercial use. The Company is required to pay an annual management fee of RMB 1,500 ($231) per mu for a total 17.97 mu, or 11,977.42 square meters, from 2016 for 60 years for a total of approximately $323,000 (RMB 2.10 million). The payment will be made annually with a 5% increase every 5 years. The Company records such fees as expenses on a straight-line basis. With respect to the supplemental payments the Company must pay the residents who originally lived on the land in Dongguan, Guangdong Province, China, as described in the first sentence of this Note 15, the Company is required to pay an annual amount at RMB 800 ($123) per mu for a total of 60 mu (or 40,000 square meters) starting from 2003 for 60 years for a total of approximately $790,000 (RMB 5.13 million). The payment increases 10% every 5 years. The Company records such expense on a straight-line basis. During the years ended December 31, 2015 and 2014, the Company recorded expense of $19,474 and $19,744, respectively. As of December 31, 2015 and 2014, the Company had $89,904 and $85,077 of deferred rent payable, respectively.

Note 16 - Stockholders' Equity

Note 16 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 16 - Stockholders’ Equity Warrants Following is a summary of the warrant activity for the years ended December 31, 2015 and 2014: Number of Warrants Average Exercise Price Weighted Average Remaining Contractual Term in Years Outstanding at January 1, 2014 522,473 2.93 0.93 Exercisable at January 1, 2014 522,473 2.93 0.93 Granted 1,696,540 7.87 2.69 Exercised (201,233 ) 2.33 - Expired (776,318 ) 5.93 - Outstanding at December 31, 2014 1,241,462 7.90 2.88 Exercisable at December 31, 2014 1,241,462 7.90 2.88 Granted 2,000,001 2.71 5.50 Exercised / surrendered (1,062,912 ) 2.10 - Expired (128,550 ) 4.50 - Outstanding at December 31, 2015 2,050,001 2.74 4.82 Exercisable at December 31, 2015 2,050,001 2.74 4.82 Shares issued to IR Firm On August 3, 2012, the Company entered into a contract with an investor relations firm. The Company agreed to issue 100,000 shares of common stock to the firm for 24 months of investor relation services. On August 15, 2012, the Company issued the first 50,000 of such 100,000 shares to the investor relations firm, at $2.75 per share, which was the stock price on the date of the contract. The Company issued the remaining 50,000 common stock shares on April 30, 2013. During the years ended December 31, 2015 and 2014, the Company amortized $0 and $80,208 as IR expense, respectively. On July 1, 2014, the Company entered into a new contract with another investor relations firm. The Company agreed to issue 100,000 shares of common stock to the firm for 12 months of investor relation services. The fair value of the 100,000 shares of common stock was $462,000; the fair value was calculated based on the stock price of $4.62 per share on July 1, 2014, and will be amortized over the service term. During the years ended December 31, 2015 and 2014, the Company amortized $231,000 and $231,000 as IR expenses, respectively. Shares and Warrants issued to Consultants On July 1, 2013, the Company entered into a consulting agreement with a consulting firm in China for providing management M&A, business strategy and financing consultation services effective July 15, 2013. The Company agreed to issue 50,000 shares of common stock to the firm for 12 months of consulting services starting on July 15, 2013. The Company also agreed to issue three-year warrants for the firm to purchase 50,000 shares of the Company’s common stock with an exercise price of $4 per share. Both the common stock and warrants were issued to the Consultant or its designees within 7 business days upon execution of the Agreement. The fair value of the 50,000 shares of common stock was $200,000 at July 1, 2013, and that amount was amortized over the service term. During the years ended December 31, 2015 and 2014, the Company amortized $0 and $100,000 as consulting expenses, respectively. The warrants issued to the consulting firm are exercisable for a fixed number of shares, and are classified as equity instruments. The Company accounted for the warrants issued based on the fair value method under ASC Topic 505, and the fair value of the warrants was calculated using the Black-Scholes model under the following assumptions: estimated life of 3 years, volatility of 353%, risk-free interest rate of 0.66% and dividend yield of 0%. No estimate of forfeitures was made as the Company has a short history of granting options and warrants. Because these equity-classified warrants are vested immediately and are non-forfeitable; based on ASC 505-50, the performance commitment had been reached at the grant date, and accordingly, the measurement date is the grant date. The fair value of the warrants issued to the consulting firm at grant date was $194,989, and that amount was amortized over the service term. During the years ended December 31, 2015 and 2014, the Company recorded $0 and $76,629 each as warrant expense, respectively. On August 15, 2014, the Company entered into a consulting agreement with a consulting firm for general business advisory, marketing and administration, and business strategy consulting services effective on September 1, 2014. The Company agreed to issue 10,000 shares of common stock to the firm for 12 months of consulting services starting on September 1, 2014. The fair value of the 10,000 shares of common stock was $42,000, which was calculated based on the stock price of $4.20 per share on September 1, 2014, and was amortized over the service term. During the years ended December 31, 2015 and 2014, the Company amortized $26,250 and $15,750 as consulting expenses, respectively. On December 1, 2014, the Company entered into a consulting agreement with a consulting firm for management consulting services effective on December 1, 2014. The Company agreed to issue 60,000 shares of common stock to the firm for three years of consulting services. The shares will be issued according to the following vesting schedule set forth as follows: The initial 10,000 shares were required to be issued within 30 days upon signing of the agreement; for the remaining 50,000 shares, the Company will issue to the consultant 10,000 shares of common stock on or before each of June 1, 2015, December 1, 2015, June 1, 2016, December 1, 2016 and June 1, 2017. The Company or the consultant may terminate the agreement at any time by a 90 day written notice to the other party. The fair value of the 60,000 shares was $224,400, which was calculated based on the stock price of $3.74 per share on December 1, 2014 and will be amortized over the service term. During the years ended December 31, 2015 and 2014, the Company amortized $74,800 and $6,233 as consulting expenses, respectively. On March 1, 2015, the Company entered into a marketing agreement with a consultant for marketing and product promotion services effective on March 1, 2015. The Company agreed to grant the consultant $100,000 worth of shares of the Company’s common stock for 12 months of consulting services starting on March 1, 2015. The shares vested immediately on March 1, 2015. The share price was calculated as the average closing price per share for ten trading days immediately prior to the execution of the agreement and will be amortized over the service term. On March 9, 2015, the Company issued 38,745 shares at an average price of $2.581 each to the consultant. During the year ended December 31, 2015, the Company amortized $83,333 as consulting expenses. On September 14, 2015, the Company entered into a business marketing advisory agreement with a consultant for marketing and general consulting services effective on August 15, 2015. The Company agreed to pay the consultant a monthly fee of $5,000 and also granted 18,348 shares of the Company’s common stock to the consultant for 12 months of services starting on August 15, 2015. Twenty-five percent (25%) of those shares vest on November 15, 2015, 25% on February 15, 2016, 25% on May 15, 2016 and the remaining 25% on August 15, 2016. The fair value of the 18,348 shares was $45,870, which was calculated based on the stock price of $2.50 per share on August 15, 2015 and will be amortized over the service term. During the year ended December 31, 2015, the Company amortized $17,201 as consulting expenses. Shares and Warrants issued through Private Placement Private Placement on April 14, 2014 On April 14, 2014, the Company entered into a Securities Purchase Agreement with certain purchasers (the “Buyers”) pursuant to which the Company sold to the Buyers, in a registered direct offering, an aggregate of 1,320,059 shares of common stock, par value $0.001 per share, at a negotiated purchase price of $6.78 per share, for aggregate gross proceeds to the Company of $8.95 million, . As part of the transaction, the Buyers also received (i) Series A warrants to purchase up to 660,030 shares of Common Stock in the aggregate at an exercise price of $8.48 per share (the “Series A Warrants”); (ii) Series B warrants to purchase up to 633,628 shares of Common Stock in the aggregate at an exercise price of $6.82 per share (the “Series B Warrants”); and (iii) Series C warrants to purchase up to 310,478 shares of Common Stock in the aggregate at an exercise price of $8.53 per share (the “Series C Warrants” and together with the Series A Warrants and the Series B Warrants, the “Warrants”). According to FASB ASC 815-40-15, these Warrants will be classified as a liability on the balance sheet, initially recorded at fair value with changes in fair value recorded in earnings at each reporting period as they had a settlement provision for adjusting the strike price if new equity is issued at a later date at a price below the strike price. The Series A Warrants had a term of four years and are exercisable by the holders at any time after the date of issuance. The value of warrants as of April 14, 2014 was determined by using the Binomial option pricing model with the following assumptions: risk-free interest rate – 0.82%; dividend yield – 0%; expected volatility – 121%. As of December 31, 2014, the fair value of the Series A Warrants was $912,138 with the assumptions of risk-free interest rate – 1.10%; dividend yield – 0%; expected volatility – 110%. The Company recorded $2,084,496 as income from change in fair value and extinguishment of the warrants for the year ended December 31, 2014.The Series B Warrants had a term of six months and are exercisable by the holders at any time after the date of issuance. The value of warrants as of April 14, 2014 was determined by using the Binomial option pricing model with the following assumptions: risk-free interest rate – 0.06%; dividend yield – 0%; expected volatility – 99%. As of December 31, 2014, the fair value of the Series B Warrants was $0 due to the expiration of Series B warrants on October 14, 2014 and none of series B warrants have been exercised. The Company recorded $922,105 as income from change in fair value and extinguishment of the warrants for the year ended December 31, 2014. The Series C Warrants had a term of four years and were exercisable by the holders at any time after the date of issuance. After the six month anniversary of the issuance date of the Series C Warrants, to the extent that a holder of Series C Warrant exercised less than 70% of such holder’s Series B Warrants and the closing sale price of the Common Stock was equal to or greater than $9.81 for a period of ten consecutive trading days, and the Company could purchase the entire then-remaining portion of such holder’s Series C Warrants for $1,000. On October 14, 2014, the Company’s closing sale price of the Common Stock was not equal to or greater than $9.81 for a period of ten consecutive trading days, accordingly, the Company cannot purchase the entire then-remaining portion of such holder’s Series C Warrants for $1,000. The value of warrants as of April 14, 2014 was determined by using the Binomial option pricing model with the following assumptions: risk-free interest rate – 0.82%; dividend yield – 0%; expected volatility – 121%. As of December 31, 2014, the fair value of the Series C Warrants was $427,875 with the assumptions of risk-free interest rate 1.10%; dividend yield – 0%; expected volatility – 110%. The Company recorded $980,390 as income from change in fair value and extinguishment of the warrants for the year ended December 31, 2014. In addition, the Company granted the Placement Agent or its designees at the Closing warrants to purchase that number of shares of common stock of the Company equal to seven percent (7%) of the aggregate number of Shares placed in the Placement. The Placement Agent Warrants had the same terms, including exercise price, anti-dilution and registration rights, as the warrants issued to the Investors in the Placement. The placement agent and its designees received Series PA warrants to purchase up to 92,404 shares of common stock at the closing. The value of Placement Agent Series PA warrants as of April 17, 2014 was determined by using the Binomial option pricing model with the following assumptions: risk-free interest rate – 0.91%; dividend yield – 0%; expected volatility – 122%. As of December 31, 2014, the fair value of the PA Warrants was $125,006 with the assumptions of risk-free interest rate - 1.10%; dividend yield – 0%; expected volatility – 110%. The Company recorded $207,856 as income from change in fair value and extinguishment of the warrants for year ended December 31, 2014. In connection with a Securities Purchase Agreement entered on May 28, 2015, the Company issued 660,030 shares of common stock to the holders of the Company’s 2014 Series A Warrants in exchange for the termination and surrender of such warrants, 310,478 shares of the Company’s common stock was issued to the holders of the Company’s 2014 Series C Warrants in exchange for the surrender and termination of such warrants, and 92,404 shares of the Company’s common stock were issued to the Placement Agent of the Company’s 2014 Series PA Warrants in exchange for the surrender and termination of such warrants. As of December 31, 2015, there were no warrants from the April 14, 2014 private placement outstanding. Private Placement on May 28, 2015 On May 28, 2015, the Company entered into a Securities Purchase Agreement with certain purchasers (the “Purchasers”) pursuant to which the Company offered to the Purchasers, in a registered direct offering, an aggregate of 2,970,509 shares of common stock, par value $0.001 per share. 2,000,001 shares of the common stock were sold to the Purchasers at a negotiated purchase price of $2.00 per share, for aggregate gross proceeds to the Company of $4,000,002, before deducting fees to the placement agent and other estimated offering expenses payable by the Company. In accordance with the terms of the Purchase Agreement entered on April 14, 2014, the outstanding 2014 Series A Warrants were exchanged for 660,030 Shares of our Common Stock, and the outstanding 2014 Series C Warrants were exchanged for 310,478 Shares of our Common Stock. In a concurrent private placement, the Company also sold to the Purchasers a warrant to purchase one share of the Company’s Common Stock for each share purchased for cash in the offering, pursuant to that certain Common Stock Purchase Warrant, by and between the Company and each Purchaser (the “2015 Warrants”). The 2015 Warrants will be exercisable beginning on the six month anniversary of the date of issuance (the "Initial Exercise Date") at an exercise price of $2.71 per share and will expire on the five year anniversary of the Initial Exercise Date. The purchase price of one share of the Company’s Common Stock under the 2015 Warrants is equal to the exercise price. The warrants issued in the private placement described above are exercisable for a fixed number of shares, and are classified as equity instruments under ASC 815-40-25-10. The Company accounted for the warrants issued in the 2015 private placement based on the fair value method under ASC Topic 505, and the fair value of the warrants was calculated using the Black-Scholes model under the following assumptions: estimated life of 5 years, volatility of 107%, risk-free interest rate of 1.55% and dividend yield of 0%. No estimate of forfeitures was made as the Company has a short history of granting options and warrants. The fair value of the warrants issued to investors at grant date was $3,147,530. Shares issued to Independent Directors In July 2014, the Company entered into restricted stock award agreements (under the 2014 Omnibus Long-Term Incentive Plan) with four independent directors of the Board. The Company agreed to grant 5,000 shares to one independent director and 4,000 shares to each of three other of its independent directors with a grant date of July 9, 2014. The restricted period lapses as to twenty-five percent (25%) of the restricted stock on each of the three-month, six-month, nine-month and twelve-month anniversaries of the grant date. The fair value of these shares was $75,990, which was calculated based on the stock price of $4.47 per share on July 9, 2014. During the years ended December 31, 2015 and 2014, the Company amortized $36,889 and $39,101 as directors’ stock compensation expenses, respectively. In March 2015, the Company entered into restricted stock award agreements (under the 2014 Omnibus Long-Term Incentive Plan) with three independent directors of the Board. The Company agreed to grant 12,195 shares to each of these independent directors with a grant date of March 24, 2015. The restricted period lapses as to twenty-five percent (25%) of the restricted stock on September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016, subject to the director remaining in the continuous service of the Company or its affiliates on each applicable vesting date. The fair value of these shares was $119,999, which was calculated based on the stock price of $3.28 per share on March 24, 2015. During the year ended December 31, 2015, the Company amortized $93,040 as directors’ stock compensation expenses. In May 2015, the Company entered into a restricted stock award agreement (under the 2014 Omnibus Long-Term Incentive Plan) with a new independent director. The Company agreed to grant 12,195 shares to the new independent director with a grant date of May 19, 2015. The restricted period lapses as to twenty-five percent (25%) of the restricted stock on September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016, subject to the director remaining in the continuous service of the Company or its affiliates on each applicable vesting date. The fair value of these shares was $38,292, which was calculated based on the stock price of $3.14 per share on May 19, 2015. During the year ended December 31, 2015, the Company amortized $23,815 as director’s stock compensation expenses.

Note 17 - Statutory Reserves

Note 17 - Statutory Reserves	12 Months Ended
	Dec. 31, 2015
Statutory Reserves [Abstract]
Statutory Reserves [Text Block]	Note 17 - Statutory Reserves As a U.S. holding company, the Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by the Company’s PRC subsidiaries, Nova Dongguan and Nova Macao, only out of the subsidiary’s retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of the Company’s PRC subsidiaries. Pursuant to the corporate laws of the PRC and Macao, including the PRC Regulations on Enterprises with Foreign Investment, Nova Dongguan and Nova Macao are only required to maintain one statutory reserve by appropriating from after-tax profit before declaration or payment of dividends. The statutory reserve represents restricted retained earnings. As a result of the PRC laws and regulations described below that require such annual appropriations of 10% of after-tax income to be set aside prior to payment of dividends as a general statutory reserve fund, the Company’s PRC subsidiaries are restricted in their ability to transfer a portion of their net assets to the Company as a dividend. Surplus Reserve Fund Nova Dongguan is required to transfer 10% of net income, as determined under PRC accounting rules and regulations, to a statutory surplus reserve fund until such reserve balance reaches 50% of the subsidiary’s registered capital. The surplus reserve fund is non-distributable other than during liquidation and can be used to fund previous years’ losses, if any, and may be utilized for business expansion or converted into share capital by issuing new shares to existing shareholders in proportion to their shareholdings or by increasing the par value of the shares currently held by them, provided that the remaining reserve balance after such issuance is not less than 25% of the registered capital. At December 31, 2015 and 2014, Nova Macao had surplus reserves of $6,241, representing 50% of its registered capital. Nova Dongguan did not make any transfer to surplus reserves due to its accumulated deficit. Common Welfare Fund The common welfare fund is a voluntary fund to which Nova Dongguan, Ding Nuo and Nova Macao can each elect to transfer 5% to 10% of its net income. This fund can only be utilized on capital items for the collective benefit of the subsidiary’s employees, such as construction of dormitories, cafeteria facilities, and other staff welfare facilities. This fund is non-distributable other than upon liquidation. Nova Dongguan and Nova Macao do not participate in this voluntary fund.

Note 18 - Geographical Sales

Note 18 - Geographical Sales	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Note 18 - Geographical Sales Geographical distribution of sales consisted of the following for years ended December 31, 2015 and 2014: Geographical Areas 2015 2014 China* $ 18,876,697 $ 17,033,251 North America 75,171,207 64,388,558 Asia** 2,676,669 4,449,148 Europe 10,579,444 11,395,087 Australia 535,145 664,705 Hong Kong 661,530 746,226 Other countries 319,420 34,300 $ 108,820,112 $ 98,711,275 * excluding Hong Kong ** excluding China

Note 19 - Commitments and Conti

Note 19 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 19 - Commitments and Contingencies Lease Commitment On June 17, 2013, the Company entered into a lease agreement for office, warehouse, storage, and distribution space with a five year term, commencing on November 1, 2013 and expiring on October 31, 2018. The lease agreement also provides an option to extend for an additional six-year term. The monthly rental payment is $42,000 with 3% increase annually. The rent will be recorded on a straight-line basis over the term of the lease. On January 7, 2014, the Company entered into a sublease agreement with Diamond Bar for warehouse space with a 5 year term commencing on November 1, 2013 and expiring on October 31, 2018. The Company subleased a portion of its warehouse space to one of its customers with a 1 year term commencing on December 1, 2013 and expiring on November 30, 2014. The Company renewed the contract for another 1 year term on November 30, 2014. On October 1, 2015, the Company extended the contract for a 1 year term with expiration on October 31, 2016. The sublease income was recorded against the rental expense. During the year ended December 31, 2015, the Company recorded $75,301. On September 19, 2013, Bright Swallow entered into a lease agreement for office space in Hong Kong with a two year term, commencing on October 1, 2013 and expiring on September 30, 2015. On September 15, 2015, Bright Swallow renewed the lease for another two year term, commencing on October 1, 2015 and expiring on September 30, 2017. The monthly rental payment is 20,000 Hong Kong Dollars ($2,581). The Company has entered into several lease agreements for office and warehouse space in Commerce, California and showroom space in Las Vegas, Nevada and High Point, North Carolina on monthly or annual terms. Total rental expense for the years ended December 31, 2015 and 2014 was $670,347 and $574,210, respectively. The rental expense is recorded on a straight-line basis over the term of the lease. The total minimum future lease payments are as follows: 12 Months Ended December 31, Amount 2016 $ 568,334 2017 576,713 2018 472,714 2019 - 2020 - Thereafter - Total $ 1,617,761 Employment Agreements On May 3, 2013, the Company entered into an amended and restated employment agreement with Thanh H. Lam to serve as the Company’s president for five years. The agreement provides for an annual salary of $80,000, 200,000 shares of the Company’s common stock and an annual bonus at the sole discretion of the Board. The 200,000 shares to be issued to Ms. Lam are subject to the terms of a stock award agreement. The first 50,000 shares of common stock were vested immediately, and the remaining shares vest at 50,000 shares per year for three years on each anniversary of the effective date of the stock award agreement. During the years ended December 31, 2015 and 2014, the Company recorded $191,000 and $191,000 as stock-based compensation to Thanh H Lam, respectively. On November 10, 2014, the Company’s Board of Directors ratified the 2015 annual compensation of the Company’s CEO, CFO and President as approved by the Company’s Compensation Committee, and, upon the recommendation of the Company’s Compensation Committee, approved the grant of Restricted Stock Units to the Company’s CEO, CFO and President. The cash compensation for such officers remained the same as in 2014 ($100,000 for CEO, $80,000 for CFO and $80,000 for the President). In addition, each of them received a grant of 46,403 Restricted Stock Units (“RSU”). The fair value of the 46,403 shares of RSU was $200,000, which was calculated based on the stock price of $4.31 per share on October 27, 2014, the date the awards were determined by the Compensation Committee. The RSU grants vested 25% on March 30, 2015, 25% on June 30, 2015, 25% on September 30, 2015 and 25% on December 31, 2015. During the year ended December 31, 2015, the Company recorded $600,000 as stock-based compensation to the officers. On March 25, 2015, the Company entered into one-year employment agreements, effective as of November 10, 2014, with Mr. Ya Ming (Jeffrey) Wong and Mr. Yuen Ching (Sammy) Ho to serve as the Company’s Chief Executive Officer and Chief Financial Officer, respectively. These agreements are in substantially the same form as the previous one-year employment agreements entered into on November 7, 2013 (which expired by their terms), and provide for annual salaries of $100,000 for Mr. Wong and $80,000 for Mr. Ho, and annual bonuses at the sole discretion of the Board of Directors. The employment agreements also reflect the RSU grants described in the immediately preceding paragraph. On March 21, 2016, the Company grants of Restricted Stock Units to the Company’s CEO, CFO and President. Each of them will receive a grant of 100,000 Restricted Stock Units (“RSU”). The RSU grants will be vested 25% on March 30, 2016, 25% on June 30, 2016, 25% on September 30, 2016 and 25% on December 31, 2016. On March 25, 2016, the Company entered into one-year employment agreements, effective as of November 11, 2015, with Mr. Ya Ming (Jeffrey) Wong and Mr. Yuen Ching (Sammy) Ho to serve as the Company’s Chief Executive Officer and Chief Financial Officer, respectively. These agreements are in substantially the same form as the previous one-year employment agreements entered into on March 25, 2015 (which expired by their terms), and provide for annual salaries of $100,000 for Mr. Wong and $80,000 for Mr. Ho, and annual bonuses at the sole discretion of the Board of Directors. The employment agreements also reflect the RSU grants described in the immediately preceding paragraph.

Note 20 - Subsequent Events

Note 20 - Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 20 – Subsequent Events The Company has evaluated subsequent events through the issuance of the consolidated financial statements and the following subsequent events have been identified that require disclosure in this section: On January 30, 2016, the Company’s Board of Directors ratified the 2016 annual compensation of the Company’s CEO, CFO and President as approved by the Company’s Compensation Committee, and, upon the recommendation of the Company’s Compensation Committee, approved the grant of Restricted Stock Units to the Company’s CEO, CFO and President. The cash compensation for such officers will remain the same as in 2015 ($100,000 for CEO, $80,000 for CFO and $80,000 for the President). In addition, each of them will receive a grant of 168,067 Restricted Stock Units (“RSU”). The fair value of the 168,067 shares of RSU was $200,000, which was calculated based on the stock price of $1.19 per share on January 30, 2016, the date the awards were determined by the Compensation Committee. On January 30, 2016, the Company’s Board of Directors approved granting of 600,000 shares of stock to the Company’s staff for their hard work and dedication for the past years. The fair value of 600,000 shares was $714,000, which was calculated based on the stock price of $1.19 per share on January 30, 2016, the date the rewards were determined by the Compensation Committee. On January 30, 2016, the Company’s Board of Directors approved entering a marketing agreement with a consultant for marketing development strategies and consulting services for 15 months. The Company will grant the consultant 10,000 shares of stock a month, which is total commitment of 150,000 shares of stock. On February 1, 2016, the Company entered into the agreement with the consultant. The fair value of $204,000, which was calculated based on the stock price of $1.36 per share on February 1, 2016, the date the agreement was executed. On January 30, 2016, the Company’s Board of Directors approved entering an E-Commerce agreement with a consultant for E-Commerce consulting service for 24 months. The Company will grant the consultant 10,000 shares of stock a month, which is a total commitment of 240,000 shares of stock. On February 1, 2016, the Company entered into the agreement with the consultant. The fair value of 240,000 shares was $326,400, which was calculated based on the stock price of $1.36 per share on February 1, 2016, the date the agreement was executed. On January 30, 2016, the Company’s Board of Directors approved entering a consulting agreement with a consultant for the planning, coordinating and strategy implementation services for 6 months. The Company will grant the consultant a worth of $60,000 shares of stock. On February 1, 2016, the Company entered into the agreement with the consultant. The fair value of 44,118 was $60,000, which was calculated based on the stock price of $1.36 per share on February 1, 2016, the date the agreement was executed. On January 30, 2016, the Company’s Board of Directors approved entering agreements with 5 furniture designers for product design for 24 months. The Company will grant the designers in total 600,000 shares of stock. The fair value of the 600,000 shares was $714,000, which was calculated based on the stock price of $1.19 per share on January 30, 2016, the date the compensation was determined by the Compensation Committee. The Company has not yet entered into the agreements with the designers as of the date of the report.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant inter-company transactions and balances have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates In preparing consolidated financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions made by management include, but are not limited to, the allowance for bad debt, valuation of inventories, unrecognized tax benefits, valuation allowance for deferred tax assets, assumptions used in assessing impairment of long-lived assets and goodwill and fair value of warrant derivative liability. Actual results could differ from those estimates.
Business Combinations Policy [Policy Text Block]	Business Combination For a business combination, the assets acquired, the liabilities assumed and any noncontrolling interest in the acquiree are recognized at the acquisition date, measured at their fair values as of that date. In a business combination achieved in stages, the identifiable assets and liabilities, as well as the noncontrolling interest in the acquiree, are recognized at the full amounts of their fair values. In a bargain purchase in which the total acquisition-date fair value of the identifiable net assets acquired exceeds the fair value of the consideration transferred plus any noncontrolling interest in the acquiree that excess in earnings is recognized as a gain attributable to the acquirer. Deferred tax liability and asset are recognized for the deferred tax consequences of differences between the tax bases and the recognized values of assets acquired and liabilities assumed in a business combination in accordance with Accounting Standards Codification (“ASC”) Topic 740-10.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill Goodwill is the excess of purchase price and related costs over the value assigned to the net tangible and identifiable intangible assets of businesses acquired. In accordance with ASC Topic 350, “Intangibles-Goodwill and Other,” goodwill is not amortized but is tested for impairment, annually or more frequently when circumstances indicate a possible impairment may exist. Impairment testing is performed at a reporting unit level. An impairment loss generally would be recognized when the carrying amount of the reporting unit exceeds its fair value, with the fair value of the reporting unit determined using discounted cash flow (“DCF”) analysis. A number of significant assumptions and estimates are involved in the application of the DCF analysis to forecast operating cash flows, including the discount rate, the internal rate of return and projections of realizations and costs to produce. Management considers historical experience and all available information at the time the fair values of its reporting units are estimated. ASC Topic 350 also permits an entity to first assess qualitative factors to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then the two-step goodwill impairment test is required to be performed. Otherwise, no further testing is required. Performing the qualitative assessment involved identifying the relevant drivers of fair value, evaluating the significance of all identified relevant events and circumstances, and weighing the factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. After evaluating and weighing all these relevant events and circumstances, it was concluded that a positive assertion can be made from the qualitative assessment that it is more likely than not that the fair value of Diamond Bar is greater than its carrying amount. As such, it is not necessary to perform the two-step goodwill impairment test for Diamond Bar reporting unit. Accordingly, as of December 31, 2015 and 2014, the Company concluded there was no impairment of goodwill of Diamond Bar. On April 24, 2013, Nova LifeStyle completed the acquisition of Bright Swallow. Under the acquisition method of accounting, the total purchase is allocated to tangible assets and intangible assets acquired and liabilities assumed based on their fair values with the excess charged to goodwill. Nova LifeStyle recognized $808,518 of goodwill from the acquisition. In June 2014, the Company performed an interim goodwill impairment assessment for Bright Swallow using a two-step impairment test based on Bright Swallow’s actual performance for the first six-months of 2014 and updated revenue and expense projections. Based on this analysis, the Company concluded that all of the goodwill pertaining to Bright Swallow was impaired in June 2014. The goodwill impairment charge is non-cash. The goodwill impairment charge is not deductible for income tax purposes and, therefore, the Company did not recorded a corresponding tax benefit in 2014.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Accounts Receivable The Company’s policy is to maintain an allowance for potential credit losses on accounts receivable. Management reviews the composition of accounts receivable and analyzes historical bad debts, customer concentrations, customer credit worthiness, current economic trends and changes in customer payment patterns to evaluate the adequacy of these reserves. Based on historical collection activity, the Company recorded $484,936 and $398,991 as allowance for bad debts as of December 31, 2015 and 2014, respectively. The Company recognized a loss of $669,596 from bad debts during the year ended December 31, 2015.
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of cost or market value with cost determined on a weighted-average basis. Management compares the cost of inventories with the net realizable value and an allowance is made for writing down their inventories to market value, if lower. The Company did not record any write-downs of inventory at December 31, 2015 and 2014.
Property, Plant and Equipment, Policy [Policy Text Block]	Plant, Property and Equipment and Construction in Progress Plant, property and equipment are stated at cost, net of accumulated depreciation and impairment losses, if any. Expenditures for maintenance and repairs are expensed as incurred; while additions, renewals and improvements are capitalized. When property and equipment are retired or otherwise disposed of, the related cost and accumulated depreciation is removed from the respective accounts, and any gain or loss is included in operations. Depreciation of property and equipment is provided using the straight-line method for substantially all assets with 10% salvage value and estimated lives as follows: Building and workshops 20 years Computer and office equipment 5 years Decoration and renovation 10 years Machinery 10 years Autos 5 years Depreciation of plant, property and equipment attributable to manufacturing activities is capitalized as part of inventories, and expensed to cost of goods sold when inventories are sold. Construction in progress represents capital expenditure in respect of direct costs of construction or acquisition and design fees incurred. Capitalization of these costs ceases and the construction in progress is transferred to the appropriate category of property, plant and equipment when substantially all the activities necessary to prepare the assets for their intended use are completed. Construction in progress is not depreciated until such time as the asset is completed and is ready for its intended use.
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets Long-lived assets, which include property, plant and equipment and intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets to be held and used is measured by comparing the carrying amount of an asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized by the amount by which the carrying amount of the asset exceeds the fair value of the assets. Fair value is generally determined using the asset’s expected future discounted cash flows or market value, if readily determinable. Based on its review, the Company believes that, as of December 31, 2015 and 2014, there was no significant impairment of its long-lived assets. The Company recognized a loss of $0 and $31,727 from disposal of damaged equipment, furniture and fixtures during the years ended December 31, 2015 and 2014, respectively.
Research and Development Expense, Policy [Policy Text Block]	Research and Development Research and development costs are related primarily to the Company designing and testing its new products during the development stage. Research and development costs are recognized in general and administrative expenses and expensed as incurred. Research and development expense was $1,072,485 and $1,248,684 for the years ended December 31, 2015 and 2014, respectively.
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are accounted for using an asset and liability method. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates, applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. The Company follows ASC Topic 740, which prescribes a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures. Under the provisions of ASC Topic 740, when tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. China’s Corporate Income Tax Law (“CIT Law”), together with its Implementation Regulations, effective as of January 1, 2008, introduced a set of anti-avoidance measures under its special tax adjustments regulations. In January 2009, the State Administration of Taxation issued Circular of the State Administration of Taxation on the Issuance of the Implementation Measure of Special Tax Adjustments (“Circular 2”). The regulation is applied retrospectively for tax years beginning after January 1, 2008. Article 3 of Circular 2 states that in respect of transfer pricing administration, relevant tax authorities shall examine business transactions between enterprises and their related parties (“related-party transactions”) and evaluate whether they are conducted on an arm’s-length basis, in addition to conducting investigations and making adjustments, as required under the CIT Law and Article 36 of the PRC Tax Administration and Collection Law (“Tax Collection Law”). During November 2015, the FASB issued ASU 2015-17, “Balance Sheet Classification of Deferred Taxes,” which simplifies the presentation of deferred income taxes. This ASU requires that deferred tax assets and liabilities be classified as non-current in a statement of financial position. The Company early adopted this guidance to the current fiscal year ending December 31, 2015 on a prospective basis. Adoption of this guidance resulted in a reclassification of the net current deferred tax asset to the net non-current deferred tax asset in the consolidated balance sheet as of December 31, 2015. No prior periods were retrospectively adjusted. The significant uncertain tax position arose from the transfer pricing between Nova Dongguan and Nova Macao, wherein the Company determined that the gross profit generated by Nova Dongguan from sales to Nova Macao was materially different from profits generated from sales to third parties. The statute of limitations for transfer pricing issues is 10 years from the tax year in which the transfer pricing issue arises pursuant to PRC tax law. A reconciliation of the January 1, 2014, through December 31, 2015, amount of unrecognized tax benefits excluding interest and penalties ("Gross UTB") is as follows: Gross UTB 2015 2014 Beginning Balance $ 5,132,440 $ 4,927,431 Increase in unrecorded tax benefits taken in the years ended December 31, 2015 and 2014 13,626 196,624 Exchange rate adjustment (256,505 ) 8,385 Ending Balance $ 4,889,561 $ 5,132,440 At December 31, 2015, the Company had cumulatively accrued approximately $1,913,000 for estimated interest and penalties related to unrecognized tax benefits. At December 31, 2014, the Company had cumulatively accrued approximately $1,457,000 for estimated interest and penalties related to unrecognized tax benefits. The Company recorded interest and penalties related to unrecognized tax benefits as a component of income tax expense, which totaled approximately $456,000 and $440,000 for the years ended December 31, 2015 and 2014, respectively. For the year ended December 31, 2015, the Company did not record unrecognized tax benefits related to transfer pricing adjustments between Dongguan and Macau since the intercompany sales between the two entities appears to comply with reasonable arm’s length principles. For the year ended December 31, 2014, the Company recorded $63,000 of unrecognized tax benefit related to transfer pricing adjustment between Nova Dongguan and Nova Macau in the statement of operations and in long term income tax payable. The tax returns of the Company’s PRC subsidiaries are subject to examination by the relevant PRC tax authorities. According to the Tax Collection Law, the statute of limitations for underpayment of taxes is three years if the underpayment is due to computational errors made by the taxpayer or the withholding agent. Under special circumstances, the statute of limitations is extended to five years if the underpayment of taxes is more than RMB 100,000. In accordance with the Implementation Regulations of the CIT Law, the statute of limitations in the case of transfer pricing issues is ten years. There is no statute of limitations in the case of tax evasion. The Company’s Chinese subsidiaries are subject to taxation in the PRC. The PRC income tax returns are generally not subject to examination by the tax authorities for tax years before 2010. With a few exceptions, the tax years 2010 -2015 remain open to examination by tax authorities in the PRC. The tax years 2012 - 2015 for US entities remains open to examination by tax authorities in the US.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The Company’s revenue recognition policies are in compliance with ASC Topic 605, “Revenue Recognition.” Sales revenue is recognized when a formal arrangement exists, the price is fixed or determinable, the delivery is completed and no other significant obligations of the Company exist and collectability is reasonably assured. No revenue is recognized if there are significant uncertainties regarding the recovery of the consideration due, or the possible return of the goods. Payments received before all of the relevant criteria for revenue recognition are recorded as unearned revenue. Sales revenue represents the invoiced value of goods, net of value-added taxes (“VAT”). All of the Company’s products sold in China are subject to the PRC VAT of 17% of the gross sales price. This VAT may be offset by VAT paid by the Company on raw materials and other materials purchased in China and included in the cost of producing the finished product. The Company records VAT payable and VAT receivable net of payments in the consolidated financial statements. The VAT tax return is filed offsetting the payables against the receivables. Sales and purchases are recorded net of VAT collected and paid as the Company acts as an agent for the government. The Company’s sales policy allows for the return of product within the warranty period if the product is defective and the defects are the Company’s fault. As alternatives for the product return option, the customers have options of asking a discount from the Company for the products with quality issues or receiving replacement parts from the Company at no cost. The amount for return of products, the discount provided to the Company’s customers and the cost for replacement parts were immaterial for the years ended December 31, 2015 and 2014.
Revenue Recognition, Services, Franchise Fees [Policy Text Block]	Franchise Arrangements In 2010, the Company began entering into area product franchise agreements with franchisees who operate specialty furniture stores carrying only Nova-branded products. The product franchise agreement provides for the franchisee to retail Nova-brand furniture products for a period of one year from the date of the agreement. The franchisee is required to pay a deposit of RMB 30,000 at the signing of the agreement, which is used as payment for future purchases and is deferred on the Company’s balance sheet as a customer deposit. The franchisee is required to guarantee a minimum purchase amount from the Company during the contract period. The Company has the right to terminate the agreement should the franchisee fail to meet the minimum purchase amount. The Company provides the franchisee with store images and designs, signage, floor plan product information and training. In addition, the Company will rebate a per square meter subsidy to the franchisee for the store build-out within 12 months from the agreement date. Under the program, the Company has established standard renovation amounts (the “Renovation Subsidy”) for various cities in China. The franchisee is able to obtain, in the form of credits against purchase orders, percentages of the Renovation Subsidy applicable in the city in which the franchisee is located, as follows: 30% of the Renovation Subsidy applied to the first purchase order and 5% of each purchase order thereafter until the aggregate of all credits equals 100% of the Renovation Subsidy, or 12 months from the date of the franchise agreement, whichever occurs first. At December 31, 2015 and 2014, the Company had a franchising subsidy payable of $0 and $117,704, respectively, and these amounts were included in other payables. In accordance with ASC 605-50, as the Company does not receive an identifiable benefit from these rebates, the rebates are recorded as a reduction of revenue on sales to the franchisees.
Cost of Sales, Policy [Policy Text Block]	Cost of Sales Cost of sales consists primarily of finished goods purchased from other manufacturers, material costs, labor costs and related overhead that are directly attributable to the production of the products. Write-down of inventory to the lower of cost or market value is also recorded in the cost of sales.
Shipping and Handling Cost, Policy [Policy Text Block]	Shipping and Handling Costs Shipping and handling costs related to delivery of finished goods are included in selling expenses. During the years ended December 31, 2015 and 2014, shipping and handling costs were $584,258 and $622,941, respectively.
Advertising Costs, Policy [Policy Text Block]	Advertising Advertising expenses consist primarily of costs of promotion and marketing for the Company’s image and products, and costs of direct advertising. The Company expenses all advertising costs as incurred. Advertising expense was $2,522,496 and $1,810,314 for years ended December 31, 2015 and 2014, respectively, and was included in the selling expense in the consolidated statement of income and comprehensive income.
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share (EPS) Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed similar to basic net income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if all the potential common shares pertaining to warrants, stock options, and similar instruments had been issued and if the additional common shares were dilutive. Diluted earnings per share are based on the assumption that all dilutive convertible shares and stock options and warrants were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding options and warrants, and the if-converted method for the outstanding convertible instruments. Under the treasury stock method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later) and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, outstanding convertible instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later). The following table presents a reconciliation of basic and diluted earnings per share for the years ended December 31, 2015 and 2014: Years Ended December 31, 2015 2014 Net income $ 2,200,242 $ 8,554,648 Weighted average shares outstanding – basic 22,825,652 20,381,934 Effect of dilutive securities: Unexercised warrants - 88,324 Weighted average shares outstanding – diluted 22,825,652 20,470,258 Earnings per share – basic $ 0.10 $ 0.42 Earnings per share – diluted $ 0.10 $ 0.42 At December 31, 2015 and 2014, warrants to purchase 2,050,001 and 1,241,462 shares of common stock were outstanding and exercisable, respectively. For the years ended December 31, 2015 and 2014, 2,050,001 and 1,062,912 shares purchasable under warrants were excluded from EPS, respectively, as their effects were anti-dilutive.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk Financial instruments that potentially subject the Company to credit risk consist primarily of accounts and other receivables. The Company does not require collateral or other security to support these receivables. The Company conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable. No major customer accounted for over 10% of the Company’s sales for the years ended December 31, 2015 and 2014. The Company purchased its products from four major vendors during the years ended December 31, 2015 and 2014, accounting for a total of 64% (19%, 17%, 14% and 14% for each) and 67% (20%, 20%, 15% and 12% for each) of the Company’s purchases, respectively. Accounts payable to these vendors were $4,294,228 and $3,901,713 as of December 31, 2015 and 2014, respectively. The operations of the Company are located principally in China and the US. Accordingly, the Company’s Chinese subsidiaries' business, financial condition and results of operations may be influenced by the political, economic and legal environments in China, as well as by the general state of the PRC economy. The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments in China and foreign currency exchange. The Company’s results may be adversely affected by changes in PRC government policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things. The Company’s sales, purchase and expense transactions in China are denominated in Chinese Yuan Renminbi (“RMB”), and all of the assets and liabilities of the Company’s subsidiaries in China are also denominated in RMB. The RMB is not freely convertible into foreign currencies under the current law. In China, foreign exchange transactions are required by law to be transacted only by authorized financial institutions. Remittances in currencies other than RMB may require certain supporting documentation in order to affect the remittance.
Statement of Cash Flows Policy [Policy Text Block]	Statement of Cash Flows In accordance with FASB ASC Topic 230, “Statement of Cash Flows,” cash flows from the Company’s operations is calculated based upon local currencies. As a result, amounts related to assets and liabilities reported on the statement of cash flows may not necessarily agree with changes in the corresponding balances on the balance sheet.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments Some of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, other receivables, accounts payable, accrued liabilities and short-term debt, have carrying amounts that approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurements and Disclosures,” requires disclosure of the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments,” defines fair value and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows: · Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. · Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. · Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement. The Company analyzes all financial instruments with features of both liabilities and equity under ASC Topic 480, “Distinguishing Liabilities from Equity,” and ASC Topic 815, “Derivatives and Hedging.” The carrying value of cash, accounts receivable, advance to suppliers, other receivables, accounts payable, line of credit, advance from customers, other payables and accrued liabilities approximate estimated fair values because of their short maturities. The estimated fair value of our long-term lines of credit approximated the carrying amount as of December 31, 2015, as their interest rates are considered as approximate to the current rate for comparable loans at the respective balance sheet dates. The carrying value of the warrant liability is determined using the Binomial Lattice option pricing model as described in Note 16. Certain assumptions used in the calculation of the warrant liability represent Level-3 unobservable inputs. The Company did not have any assets or liabilities categorized as Level 1 or 2 as of December 31, 2015. The following table summarizes the activity of Level 3 inputs measured on a recurring basis: Fair Value Measurements of Common Stock Warrants Using Significant Unobservable Inputs (Level 3) For The Years Ended December 31, 2015 and 2014 Issuance of Series A, B and C Warrants and Placement Agent Warrants on April 14 and April 17, 2014, respectively $ 5,659,866 Adjustment resulting from change in value recognized in earnings (a) (4,194,847 ) Balance at December 31, 2014 1,465,019 Adjustment resulting from change in value recognized in earnings (a) and extinguishment of warrants recognized in earnings 767,096 1,053,670 common shares issued in exchange of surrender of 1,053,670 warrants (2,212,707 ) 9,242 common shares issued in exchange of surrender of 9,242 warrants (19,408 ) Balance at December 31, 2015 $ - (a) Adjustment resulting from change in fair value
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation and Transactions The consolidated financial statements are presented in USD. The functional currency of Nova LifeStyle, Nova Furniture, Nova Macao, Bright Swallow and Diamond Bar is the United States Dollar (“$” or “USD”). The functional currency of Nova Dongguan, Nova Museum and Ding Nuo is RMB. The functional currencies of the Company’s foreign operations are translated into USD for balance sheet accounts using the current exchange rates in effect as of the balance sheet date, except for the equity account using the historical exchange rate, and for revenue and expense accounts using the weighted-average exchange rate during the fiscal year. The translation adjustments are recorded in the consolidated statements of income and comprehensive income, captioned “Accumulated other comprehensive income.” Gains and losses resulting from transactions denominated in foreign currencies are included in “Other income (expenses)” in the consolidated statements of income and comprehensive income. There have been no significant fluctuations in the exchange rate for the conversion of RMB to USD after the balance sheet date. The RMB to USD exchange rates in effect as of December 31, 2015 and December 31, 2014, were RMB6.4936 = USD$1.00 and RMB6.1190 = USD$1.00, respectively. The weighted-average RMB to USD exchange rates in effect for the years ended December 31, 2015 and 2014, were RMB6.2284= USD$1.00 and RMB6.1431= USD$1.00, respectively. The exchange rates used in translation from RMB to USD were published by the People’s Bank of the People’s Republic of China.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income The Company follows FASB ASC 220 “Reporting Comprehensive Income.” Comprehensive income is comprised of net income and all changes to the consolidated statements of stockholders’ equity, except those due to investments by stockholders, changes in paid-in capital and distributions to stockholders. Comprehensive income for the years ended December 31, 2015 and 2014 included net income and foreign currency translation adjustments.
Segment Reporting, Policy [Policy Text Block]	Segment Reporting ASC Topic 280, “Segment Reporting,” requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. Management determined that the Company’s operations constitute a single reportable segment in accordance with ASC 280. The Company operates exclusively in one business and industry segment: the design, manufacture and sale of furniture. All of the Company’s long-lived assets for production are located at its facilities in Dongguan, Guangdong Province, China, and operate within the same environmental, safety and quality regulations governing furniture manufacturers. The Company established Nova Macao and Ding Nuo, and acquired Diamond Bar and Bright Swallow for the purpose of marketing and selling the Company’s products. As a result, management views the business and operations of Nova Dongguan, Nova Macao, Diamond Bar, Bright Swallow and Ding Nuo as a blended gross margin when determining future growth, return on investment and cash flows. Nova Museum, a non-profit organization engages principally in the promotion and dissemination of the culture and history of furniture in China, has no operations or substantial assets other than its decorations and renovation, and its heritage and cultural assets are for the purpose of exhibition only. Accordingly, management concluded that the Company had one reportable segment under ASC 280 because: (i) the Company’s products sold through Nova Dongguan, Nova Macao, and Ding Nuo are created with similar production processes, in the same facilities, under the same regulatory environment and sold to customers using similar distribution systems; (ii) Diamond Bar is a furniture distributor based in California focusing on customers in the US, and Bright Swallow is a furniture distributor based in Hong Kong focusing on customers in Canada, they both are operated under the same senior management of Nova Dongguan and Nova Macao, and management
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements In August 2014, the FASB issued Presentation of Financial Statements — Going Concern. This standard requires management to evaluate for each annual and interim reporting period whether it is probable that the reporting entity will not be able to meet its obligations as they become due within one year after the date that the financial statements are issued. If the entity is in such a position, the standard provides for certain disclosures depending on whether or not the entity will be able to successfully mitigate its going concern status. This guidance is effective for annual periods ending after December 15, 2016 and interim periods within annual periods beginning after December 15, 2016. Early application is permitted. The Company does not anticipate that this adoption will have a significant impact on its consolidated financial position, results of operations, or cash flows. The Financial Accounting Standards Board ("FASB") has issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers. This ASU supersedes the revenue recognition requirements in Accounting Standards Codification 605 - Revenue Recognition and most industry-specific guidance throughout the Codification. The standard requires that an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This ASU is effective on January 1, 2017 and should be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the ASU recognized at the date of initial application. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. The amendment in this ASU defers the effective date of ASU No. 2014-09 for all entities for one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in ASU 2014-09 to annual reporting periods beginning December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 31, 2016, including interim reporting periods within that reporting period. The Company is in the process of evaluating the impact of adoption of this guidance on the consolidated financial statements. The FASB has issued ASU No. 2014-12, Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. This ASU requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. This update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. The adoption of this standard is not expected to have a material impact on the Company's consolidated financial position, results of operations, or cash flows. In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810) - Amendments to the Consolidation Analysis”, which provides guidance for reporting entities that are required to evaluate whether they should consolidate certain legal entities. In accordance with ASU 2015-02, all legal entities are subject to reevaluation under the revised consolidation model. ASU 2015-02 is effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. The Company does not anticipate that this adoption will have a significant impact on its consolidated financial position, results of operations, or cash flows. In July 2015, the FASB issued ASU 2015-11, Inventory, which requires an entity to measure inventory within the scope at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The effective date for the standard is for fiscal years beginning after December 15, 2016. Early adoption is permitted. The Company does not anticipate that this adoption will have a significant impact on its consolidated financial position, results of operations, or cash flows. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments. To simplify the accounting for adjustments made to provisional amounts recognized in a business combination, the amendments eliminate the requirement to retrospectively account for those adjustments. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. For all other entities, the amendments in this update are effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The amendments should be applied prospectively to adjustments to provisional amounts that occur after the effective date with earlier application permitted for financial statements that have not been issued. The Company does not anticipate that this adoption will have a significant impact on its consolidated financial position, results of operations, or cash flows. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842)

Note 2 - Summary of Significa30

Note 2 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Note 2 - Summary of Significant Accounting Policies (Tables) [Line Items]
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	A reconciliation of the January 1, 2014, through December 31, 2015, amount of unrecognized tax benefits excluding interest and penalties ("Gross UTB") is as follows: Gross UTB 2015 2014 Beginning Balance $ 5,132,440 $ 4,927,431 Increase in unrecorded tax benefits taken in the years ended December 31, 2015 and 2014 13,626 196,624 Exchange rate adjustment (256,505 ) 8,385 Ending Balance $ 4,889,561 $ 5,132,440
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following table presents a reconciliation of basic and diluted earnings per share for the years ended December 31, 2015 and 2014: Years Ended December 31, 2015 2014 Net income $ 2,200,242 $ 8,554,648 Weighted average shares outstanding – basic 22,825,652 20,381,934 Effect of dilutive securities: Unexercised warrants - 88,324 Weighted average shares outstanding – diluted 22,825,652 20,470,258 Earnings per share – basic $ 0.10 $ 0.42 Earnings per share – diluted $ 0.10 $ 0.42
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Fair Value Measurements of Common Stock Warrants Using Significant Unobservable Inputs (Level 3) For The Years Ended December 31, 2015 and 2014 Issuance of Series A, B and C Warrants and Placement Agent Warrants on April 14 and April 17, 2014, respectively $ 5,659,866 Adjustment resulting from change in value recognized in earnings (a) (4,194,847 ) Balance at December 31, 2014 1,465,019 Adjustment resulting from change in value recognized in earnings (a) and extinguishment of warrants recognized in earnings 767,096 1,053,670 common shares issued in exchange of surrender of 1,053,670 warrants (2,212,707 ) 9,242 common shares issued in exchange of surrender of 9,242 warrants (19,408 ) Balance at December 31, 2015 $ - (a) Adjustment resulting from change in fair value
Property Plant and Equipment Estimated Useful Lives [Member]
Note 2 - Summary of Significant Accounting Policies (Tables) [Line Items]
Property, Plant and Equipment [Table Text Block]	Depreciation of property and equipment is provided using the straight-line method for substantially all assets with 10% salvage value and estimated lives as follows: Building and workshops 20 years Computer and office equipment 5 years Decoration and renovation 10 years Machinery 10 years Autos 5 years

Note 3 - Inventories (Tables)

Note 3 - Inventories (Tables)	12 Months Ended
	Dec. 31, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	As of December 31, 2015 and 2014, inventories consisted of the following: 2015 2014 Raw materials $ 311,751 $ 205,813 Work in progress 1,753,090 1,153,605 Finished goods 3,189,188 2,253,450 $ 5,254,029 $ 3,612,868

Note 6 - Plant, Property and 32

Note 6 - Plant, Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Member]
Note 6 - Plant, Property and Equipment, Net (Tables) [Line Items]
Property, Plant and Equipment [Table Text Block]	As of December 31, 2015 and 2014, plant, property and equipment consisted of the following: 2015 2014 Building and workshops $ 12,683,592 $ 10,905,721 Computer and office equipment 678,868 690,913 Autos 999,106 1,060,270 Machinery 6,310,759 6,287,877 Decoration and renovation 1,087,711 994,272 Less: accumulated depreciation (6,558,641 ) (5,561,144 ) $ 15,201,395 $ 14,377,909

Note 7 - Construction in Prog33

Note 7 - Construction in Progress (Tables)	12 Months Ended
	Dec. 31, 2015
Construction In Progress [Abstract]
Construction in Progress [Table Text Block]	As of December 31, 2015 and 2014, construction in progress consisted of the following: 2015 2014 New factory construction $ - $ 767,160 Development, programming and design of the Company’s eCommerce platform, downloadable mobile application and Nova sales kit application - 611,700 $ - $ 1,378,860

Note 9 - Intangible Assets (Tab

Note 9 - Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Intangible assets consisted of the following at December 31, 2015 and 2014: 2015 2014 Land use rights $ 1,990,979 $ 1,144,859 eCommerce Platform (see Note 7) 1,208,200 - Customer relationship 6,150,559 6,150,559 Trademarks 200,000 200,000 Less: accumulated amortization (1,487,089 ) (1,001,692 ) $ 8,062,649 $ 6,493,726

Note 10 - Prepaid Expenses an35

Note 10 - Prepaid Expenses and Other Receivables (Tables)	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Schedule of Other Current Assets [Table Text Block]	Other current assets consisted of the following at December 31, 2015 and 2014: 2015 2014 Prepaid expenses $ 526,016 $ 554,972 Other receivables 654,436 86,236 Total $ 1,180,452 $ 641,208

Note 11 - Accrued Liabilities36

Note 11 - Accrued Liabilities and Other Payables (Tables)	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block Supplement [Abstract]
Schedule of Accrued Liabilities [Table Text Block]	Accrued liabilities and other payables consisted of the following at December 31, 2015 and 2014: 2015 2014 Payables to contractors $ 182,631 $ - Other payables 212,549 196,233 Salary payable 747,236 574,002 Financed insurance premiums 66,960 67,948 Accrued consulting fees 19,078 140,590 Franchising subsidy - 117,704 Accrued rents 135,673 155,945 Accrued commission 460,475 426,252 Accrued marketing expense 450,000 419,800 Accrued expenses, others 310,020 371,810 Total $ 2,584,622 $ 2,470,284

Note 13 - Income Taxes Payable

Note 13 - Income Taxes Payable (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Taxes Payable [Table Text Block]	Taxes payable consisted of the following at December 31, 2015 and 2014: 2015 2014 Income tax payable - current $ 5,773 $ 61,769 Income tax payable – noncurrent $ 6,801,893 $ 6,607,739
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	The components of income before income taxes consisted of the following for the years ended December 31, 2015 and 2014: 2015 2014 (Loss) income subject to domestic income taxes only $ (920,468 ) $ 4,686,001 Income subject to foreign income taxes only 3,672,296 4,849,383 Total $ 2,751,828 $ 9,535,384
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The Company’s subsidiaries incorporated in the PRC are subject to enterprise income taxes. The provision for income taxes consisted of the following: 2015 2014 Current: Federal $ 105,879 $ 308,891 State 17,610 15,475 PRC 390,880 474,934 514,369 799,300 Deferred: Federal (48,369 ) 122,475 State (4,373 ) 14,050 PRC 89,959 44,911 Total provision for income taxes $ 551,586 $ 980,736
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The following is a reconciliation of the difference between the actual provision for income taxes and the provision computed by applying the federal statutory rate on income before income taxes: 2015 2014 Tax at Federal Statutory rate $ 935,621 $ 3,242,031 Foreign Rate Differential (22,023 ) (25,650 ) Foreign Permanent Differences - - Change in fair value and extinguishment of warrant liability 260,813 (1,426,248 ) ASC 740-10 Uncertain Tax Position 469,665 677,007 Tax exemption (1,121,724 ) (1,578,140 ) Stock Based Compensation 122,666 - Others (93,432 ) 91,736 $ 551,586 $ 980,736
Schedule of the Aggregate Dollar and Per Share Effects of Tax Exemption [Table Text Block]	The aggregate dollar effect of tax holiday 2015 2014 Aggregate dollar effect of tax holiday $ 1,121,724 $ 1,578,140
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred taxes are comprised of the following: 2015 2014 Current Deferred Tax Assets: Accrued liabilities $ - $ 143,832 Current Deferred Tax Liabilities: Prepaid expenses - (24,966 ) Net Current Deferred Tax Assets before Valuation Allowance - 118,866 Less: Valuation Allowance - - Current Deferred Tax Assets, Net: - 118,866 Non-Current Deferred Tax Assets: Accrued liabilities 89,887 - Fed & CA amortization 44,330 34,239 Stock compensation 116,332 - Deferred rent 12,248 7,799 PRC fixed asset and amortization 934 595 PRC NOL 499,502 65,599 Non-Current Deferred Tax Liabilities: Prepaid expenses (135,088 ) (395 ) Fed & CA depreciation (56,872 ) (82,657 ) Purchase accounting (2,557 ) (6,420 ) Net Non-Current Deferred Tax Assets (Liabilities) before Valuation Allowance 568,716 18,760 Less: Valuation Allowance (499,265 ) (30,959 ) Non-Current Deferred Tax Assets (Liabilities), Net: 69,451 (12,199 ) Total Deferred, Net: $ 69,451 $ 106,667

Note 16 - Stockholders' Equity

Note 16 - Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note [Abstract]
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Following is a summary of the warrant activity for the years ended December 31, 2015 and 2014: Number of Warrants Average Exercise Price Weighted Average Remaining Contractual Term in Years Outstanding at January 1, 2014 522,473 2.93 0.93 Exercisable at January 1, 2014 522,473 2.93 0.93 Granted 1,696,540 7.87 2.69 Exercised (201,233 ) 2.33 - Expired (776,318 ) 5.93 - Outstanding at December 31, 2014 1,241,462 7.90 2.88 Exercisable at December 31, 2014 1,241,462 7.90 2.88 Granted 2,000,001 2.71 5.50 Exercised / surrendered (1,062,912 ) 2.10 - Expired (128,550 ) 4.50 - Outstanding at December 31, 2015 2,050,001 2.74 4.82 Exercisable at December 31, 2015 2,050,001 2.74 4.82

Note 18 - Geographical Sales (T

Note 18 - Geographical Sales (Tables)	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]	Geographical distribution of sales consisted of the following for years ended December 31, 2015 and 2014: Geographical Areas 2015 2014 China* $ 18,876,697 $ 17,033,251 North America 75,171,207 64,388,558 Asia** 2,676,669 4,449,148 Europe 10,579,444 11,395,087 Australia 535,145 664,705 Hong Kong 661,530 746,226 Other countries 319,420 34,300 $ 108,820,112 $ 98,711,275 * excluding Hong Kong ** excluding China

Note 19 - Commitments and Con40

Note 19 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	The total minimum future lease payments are as follows: 12 Months Ended December 31, Amount 2016 $ 568,334 2017 576,713 2018 472,714 2019 - 2020 - Thereafter - Total $ 1,617,761

Note 1 - Organization and Des41

Note 1 - Organization and Description of Business (Details) - Dongguan Ding Nuo Household Products Co., Ltd. [Member] ¥ in Millions	Nov. 27, 2013USD ($)	Nov. 27, 2013CNY (¥)	Oct. 21, 2013USD ($)	Oct. 21, 2013CNY (¥)
Note 1 - Organization and Description of Business (Details) [Line Items]
Proceeds from Contributed Capital	$ 16,305	¥ 0.1	$ 162,994	¥ 1
Business Acquisition, Percentage of Voting Interests Acquired			100.00%	100.00%

Note 2 - Summary of Significa42

Note 2 - Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)shares	Dec. 31, 2013shares	Apr. 24, 2013USD ($)
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Goodwill, Impairment Loss	$ 0	$ 808,518
Goodwill	218,606	218,606
Allowance for Doubtful Accounts Receivable	484,936	398,991
Allowance for Doubtful Accounts Receivable, Write-offs	$ 669,596
Property, Plant and Equipment, Salvage Value, Percentage	10.00%
Gain (Loss) on Disposition of Property Plant Equipment	$ 0	(31,727)
Research and Development Expense	1,072,485	1,248,684
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	1,913,000	1,457,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	$ 456,000	440,000
Unrecognized Tax Benefits, Increase Resulting from Transfer Pricing Adjustments		63,000
VAT tax rate, sales	17.00%
Term Of Franchise Agreement	1 year
Initial Franchise Fees	$ 30,000
Store Build out Subsidy Period	12 months
Decline in Initial Franchise Fees, Description	The franchisee is able to obtain, in the form of credits against purchase orders, percentages of the Renovation Subsidy applicable in the city in which the franchisee is located, as follows: 30% of the Renovation Subsidy applied to the first purchase order and 5% of each purchase order thereafter until the aggregate of all credits equals 100% of the Renovation Subsidy, or 12 months from the date of the franchise agreement, whichever occurs first
Other Accounts Payable and Accrued Liabilities	$ 0	117,704
Shipping, Handling and Transportation Costs	584,258	622,941
Advertising Expense	$ 2,522,496	$ 1,810,314
Class of Warrant or Right, Outstanding (in Shares) | shares	2,050,001	1,241,462	522,473
Accounts Payable, Other, Current	$ 212,549	$ 196,233
Foreign Currency Exchange Rate, Translation	6.4936	6.1190
Number of Operating Segments	1
Transfer Pricing Issues [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Taxes, Statute of Limitation	10 years
Underpayment of Taxes [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Taxes, Statute of Limitation	3 years
Underpayment of Taxes in Excess of RMB100,000 [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Taxes, Statute of Limitation	5 years
Diamond Bar [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Goodwill, Impairment Loss	$ 0	$ 0
Bright Swallow International Group Limited [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Goodwill				$ 808,518
Warrant [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares) | shares	2,050,001	1,062,912
Cost of Goods, Total [Member] | Supplier Concentration Risk [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	64.00%	67.00%
Accounts Payable, Other, Current	$ 4,294,228	$ 3,901,713
Cost of Goods, Total [Member] | Supplier Concentration Risk [Member] | Major Vendor A [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	19.00%	20.00%
Cost of Goods, Total [Member] | Supplier Concentration Risk [Member] | Major Vendor B [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	17.00%	20.00%
Cost of Goods, Total [Member] | Supplier Concentration Risk [Member] | Major Vendor C [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	14.00%	15.00%
Cost of Goods, Total [Member] | Supplier Concentration Risk [Member] | Major Vendor D [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Concentration Risk, Percentage	14.00%	12.00%
Weighted Average [Member]
Note 2 - Summary of Significant Accounting Policies (Details) [Line Items]
Foreign Currency Exchange Rate, Translation	6.2284	6.1431

Note 2 - Summary of Significa43

Note 2 - Summary of Significant Accounting Policies (Details) - Schedule of Estimated Useful Lives of Property and Equipment	12 Months Ended
	Dec. 31, 2015
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment	20 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment	5 years
Museum Decoration and Renovation [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment	10 years
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment	10 years
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment	5 years

Note 2 - Summary of Significa44

Note 2 - Summary of Significant Accounting Policies (Details) - Schedule of Unrecognized Tax Benefits Roll Forward - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule of Unrecognized Tax Benefits Roll Forward [Abstract]
Beginning Balance – January 1	$ 5,132,440	$ 4,927,431
Increase in unrecorded tax benefits taken in the years ended December 31, 2015 and 2014	13,626	196,624
Exchange rate adjustment	(256,505)	8,385
Ending Balance – December 31	$ 4,889,561	$ 5,132,440

Note 2 - Summary of Significa45

Note 2 - Summary of Significant Accounting Policies (Details) - Schedule of Earnings per Share, Basic and Diluted - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule of Earnings per Share, Basic and Diluted [Abstract]
Net income (in Dollars)	$ 2,200,242	$ 8,554,648
Weighted average shares outstanding – basic	22,825,652	20,381,934
Effect of dilutive securities:
Unexercised warrants	0	88,324
Weighted average shares outstanding – diluted	22,825,652	20,470,258
Earnings per share – basic (in Dollars per share)	$ 0.10	$ 0.42
Earnings per share – diluted (in Dollars per share)	$ 0.10	$ 0.42

Note 2 - Summary of Significa46

Note 2 - Summary of Significant Accounting Policies (Details) - Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Issuance			$ 5,659,866
Adjustment resulting from change in value recognized in earnings (a)	[1]	$ 767,096	(4,194,847)
Balance		0	$ 1,465,019
Common Stock Issued in Warrant Surrender [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Issuance		(2,212,707)
Common Stock Issued in Warrant Surrender #2 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Issuance		$ (19,408)
[1]	Adjustment resulting from change in fair value is the amount of total gains or losses for the period attributable to the change in unrealized gains or losses relating to liabilities held at the reporting date. The unrealized gain or loss is recorded in change in fair value and extinguishment of warrant liability in the accompanying consolidated statements of operations.

Note 2 - Summary of Significa47

Note 2 - Summary of Significant Accounting Policies (Details) - Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation (Parentheticals) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Warrants	(1,062,912)	(201,233)
Common Stock Issued in Warrant Surrender [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Shares Issued	1,053,670
Warrants	1,053,670
Common Stock Issued in Warrant Surrender #2 [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Shares Issued	9,242
Warrants	9,242
Warrant [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Issuance of Warrants and Placement Agent Warrants		Apr. 14, 2014
Placement Agent Warrants [Member]
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Issuance of Warrants and Placement Agent Warrants		Apr. 17, 2014

Note 3 - Inventories (Details)

Note 3 - Inventories (Details) - Schedule of Inventory, Current - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Schedule of Inventory, Current [Abstract]
Raw materials	$ 311,751	$ 205,813
Work in progress	1,753,090	1,153,605
Finished goods	3,189,188	2,253,450
	$ 5,254,029	$ 3,612,868

Note 4 - Advance to suppliers (

Note 4 - Advance to suppliers (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Disclosure Text Block Supplement [Abstract]
Advances on Inventory Purchases	$ 7,958,870	$ 8,104,312
Payments to Suppliers		$ 5,000,000
Receivable, Interest Rate		4.75%
Receivable, Maturity Date		Mar. 31, 2015
Prepaid Supplies	0	$ 636,791
Proceeds from Interest Received	$ 3,870	$ 121,403

Note 5 - Heritage and Cultura50

Note 5 - Heritage and Cultural Assets (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Heritage And Cultural Assets [Abstract]
Heritage and cultural museum assets	$ 124,868	$ 132,513

Note 6 - Plant, Property and 51

Note 6 - Plant, Property and Equipment, Net (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation	$ 1,364,953	$ 1,229,527

Note 6 - Plant, Property and 52

Note 6 - Plant, Property and Equipment, Net (Details) - Schedule of Property, Plant and Equipment - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (6,558,641)	$ (5,561,144)
	15,201,395	14,377,909
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	12,683,592	10,905,721
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	678,868	690,913
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	999,106	1,060,270
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	6,310,759	6,287,877
Museum Decoration and Renovation [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,087,711	$ 994,272

Note 7 - Construction in Prog53

Note 7 - Construction in Progress (Details)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2015CNY (¥)
Note 7 - Construction in Progress (Details) [Line Items]
Payments for Construction in Process	$ 1,046,008	$ 1,278,951
Building [Member]
Note 7 - Construction in Progress (Details) [Line Items]
Total Cost to Complete Project	2,410,000		¥ 15,619,776
eCommerce Platform, Mobile Application and Sales-Kit Application [Member]
Note 7 - Construction in Progress (Details) [Line Items]
Payments for Construction in Process	$ 1,200,000
Finite-Lived Intangible Asset, Useful Life	10 years

Note 7 - Construction in Prog54

Note 7 - Construction in Progress (Details) - Other Commitments - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Note 7 - Construction in Progress (Details) - Other Commitments [Line Items]
Construction in progress	$ 0	$ 1,378,860
eCommerce Platform, Mobile Application and Sales-Kit Application [Member]
Note 7 - Construction in Progress (Details) - Other Commitments [Line Items]
Construction in progress	0	611,700
Building [Member]
Note 7 - Construction in Progress (Details) - Other Commitments [Line Items]
Construction in progress	$ 0	$ 767,160

Note 8 - Deposits for Equipme55

Note 8 - Deposits for Equipment and Factory Construction (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Disclosure Text Block Supplement [Abstract]
Prepaid Expense, Noncurrent	$ 143,758	$ 1,264,551

Note 9 - Intangible Assets (Det

Note 9 - Intangible Assets (Details) ¥ in Thousands	Apr. 24, 2013USD ($)	Feb. 28, 2012USD ($)	Feb. 28, 2012CNY (¥)	Aug. 31, 2011USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2015CNY (¥)	Dec. 31, 2014USD ($)	Dec. 31, 2004USD ($)	Dec. 31, 2004CNY (¥)
Note 9 - Intangible Assets (Details) [Line Items]
Finite-Lived Intangible Assets, Amortization Method								straight-line basis	straight-line basis
Amortization of Intangible Assets					$ 495,645		$ 479,511
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months					573,415
Finite-Lived Intangible Assets, Amortization Expense, Year Two					573,415
Finite-Lived Intangible Assets, Amortization Expense, Year Three					573,415
Finite-Lived Intangible Assets, Amortization Expense, Year Four					573,415
Finite-Lived Intangible Assets, Amortization Expense, Year Five					573,415
Use Rights [Member]
Note 9 - Intangible Assets (Details) [Line Items]
Payments to Acquire Intangible Assets		$ 523,592	¥ 3,400					$ 555,222	¥ 3,600
Finite-Lived Intangible Asset, Useful Life		50 years	50 years					50 years	50 years
Finite-Lived Intangible Assets, Amortization Method		straight-line basis	straight-line basis
Payments for Other Taxes					951,003	¥ 5,920
Finite-Lived Intangible Assets, Gross					1,990,979		1,144,859
Customer Relationships [Member]
Note 9 - Intangible Assets (Details) [Line Items]
Finite-Lived Intangible Assets, Gross					6,150,559		6,150,559
Customer Relationships [Member] | Diamond Bar [Member]
Note 9 - Intangible Assets (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life				5 years
Finite-Lived Intangible Assets, Amortization Method				straight-line method
Finite-Lived Intangible Assets, Gross				$ 50,000
Customer Relationships [Member] | Bright Swallow International Group Limited [Member]
Note 9 - Intangible Assets (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years
Finite-Lived Intangible Assets, Amortization Method	straight-line method
Finite-lived Intangible Assets, Fair Value Disclosure	$ 6,100,559
Trademarks [Member]
Note 9 - Intangible Assets (Details) [Line Items]
Finite-Lived Intangible Assets, Gross					$ 200,000		$ 200,000
Trademarks [Member] | Diamond Bar [Member]
Note 9 - Intangible Assets (Details) [Line Items]
Payments to Acquire Intangible Assets				$ 200,000
Finite-Lived Intangible Asset, Useful Life				5 years
Finite-Lived Intangible Assets, Amortization Method				straight-line method
Number of trademarks acquired				2

Note 9 - Intangible Assets (De

Note 9 - Intangible Assets (Details) - Schedule of Finite-Lived Intangible Assets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Less: accumulated amortization	$ (1,487,089)	$ (1,001,692)
	8,062,649	6,493,726
Use Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	1,990,979	1,144,859
eCommerce Platform [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	1,208,200	0
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	6,150,559	6,150,559
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 200,000	$ 200,000

Note 10 - Prepaid Expenses an58

Note 10 - Prepaid Expenses and Other Receivables (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
Value Added Tax Receivable	$ 485,000
Grants Receivable	77,000
Deposit Assets	20,000
Due from Employees	28,000
Prepaid Advertising	338,900
Prepaid Professional Fees	47,800
Prepaid Insurance	102,600	$ 201,200
Other Prepaid Expense, Current	$ 36,700	10,000
Prepaid Fees		112,700
Prepaid Investor Relations		$ 231,000

Note 10 - Prepaid Expenses an59

Note 10 - Prepaid Expenses and Other Receivables (Details) - Schedule of Other Current Assets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Schedule of Other Current Assets [Abstract]
Prepaid expenses	$ 526,016	$ 554,972
Other receivables	654,436	86,236
Total	$ 1,180,452	$ 641,208

Note 11 - Accrued Liabilities60

Note 11 - Accrued Liabilities and Other Payables (Details) - Schedule of Accrued Liabilitites - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Schedule of Accrued Liabilitites [Abstract]
Payables to contractors	$ 182,631	$ 0
Other payables	212,549	196,233
Salary payable	747,236	574,002
Financed insurance premiums	66,960	67,948
Accrued consulting fees	19,078	140,590
Franchising subsidy	0	117,704
Accrued rents	135,673	155,945
Accrued commission	460,475	426,252
Accrued marketing expense	450,000	419,800
Accrued expenses, others	310,020	371,810
Total	$ 2,584,622	$ 2,470,284

Note 12 - Lines of Credit (Deta

Note 12 - Lines of Credit (Details) ¥ in Millions

Feb. 16, 2016

Nov. 01, 2015USD ($)

Nov. 01, 2015CNY (¥)

Sep. 28, 2015USD ($)

Sep. 21, 2015USD ($)

Aug. 01, 2015USD ($)

Jun. 08, 2015USD ($)

May. 05, 2015USD ($)

Jan. 22, 2015USD ($)

Nov. 20, 2014USD ($)

Apr. 25, 2012USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Jan. 20, 2016USD ($)

Dec. 31, 2015CNY (¥)

Dec. 17, 2015

Sep. 21, 2015CNY (¥)

May. 05, 2015CNY (¥)

Dec. 31, 2014CNY (¥)

Nov. 20, 2014CNY (¥)

Apr. 25, 2012CNY (¥)

Line of Credit [Member] | Diamond Bar [Member]

Note 12 - Lines of Credit (Details) [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 6,000,000

$ 5,000,000

$ 6,000,000

$ 5,000,000

Line of Credit Facility, Interest Rate at Period End

4.25%

4.25%

4.25%

4.00%

Line of Credit Facility, Expiration Date

Jun. 1, 2017

Sep. 1, 2015

Jul. 31, 2015

Jun. 1, 2015

Line of Credit Facility, Interest Rate During Period

3.75%

Line of Credit Facility, Collateral

The line of credit is secured by all of the assets of Diamond Bar and is guaranteed by Nova LifeStyle.

Long-term Line of Credit

$ 5,659,357

$ 4,682,614

Interest Expense, Debt

$ 199,874

173,670

Line of Credit Facility, Remaining Borrowing Capacity

340,643

Line of Credit Facility, Covenant Terms

The Diamond Bar loan has the following covenants: (i) maintain a minimum tangible net worth of not less than $10 million; (ii) maintain a ratio of debt to tangible net worth not in excess of 2.500 to 1.000; (iii) the pre-tax income must be not less than 1.000% of total revenue quarterly; and (iv) maintain a current ratio in excess of 1.250 to 1.000.

Line of Credit Facility, Covenant Compliance

Diamond Bar was in compliance with the stated covenants.

Line of Credit [Member] | Nova Dongguan [Member]

Note 12 - Lines of Credit (Details) [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 3,079,955

$ 1,539,978

$ 3,079,955

¥ 20

¥ 6.5

¥ 10

¥ 20

Line of Credit Facility, Expiration Date

Nov. 9, 2016

Nov. 9, 2016

Sep. 20, 2018

May 19, 2015

Apr. 24, 2015

Line of Credit Facility, Collateral

The loans are secured by the buildings of Nova Dongguan and are guaranteed by the Company’s CEO.

Long-term Line of Credit

$ 2,756,560

1,062,265

¥ 17.9

Interest Expense, Debt

55,159

Line of Credit Facility, Remaining Borrowing Capacity

323,395

¥ 2.1

Debt Instrument, Interest Rate, Stated Percentage

0.47125%

0.47125%

Proceeds from Lines of Credit

$ 769,989

¥ 5

Line of Credit [Member] | Nova Macao [Member]

Note 12 - Lines of Credit (Details) [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 6,500,000

Line of Credit Facility, Interest Rate at Period End

4.25%

Line of Credit Facility, Expiration Date

Jan. 29, 2016

Line of Credit Facility, Collateral

The loan was secured by assignment of Sinosure (China Export and Credit Insurance Company) credit insurance and is guaranteed by Nova LifeStyle and Diamond Bar.

Long-term Line of Credit

1,848,000

1,848,000

Interest Expense, Debt

79,631

$ 81,158

Line of Credit Facility, Remaining Borrowing Capacity

4,652,000

Line of Credit Facility, Covenant Terms

(i) total outstanding under working capital advance shall not exceed the lesser of (a) the credit commitment of $6,500,000, (b) insurance claim limits and (c) borrowing base allowed of 80% advance rate against certain eligible accounts receivable; (ii) eligible accounts receivable are insured buyers by Sinosure assigned to the bank and within established insurance limit; (iii) the bank has an absolute right to exclude any portion of the accounts receivable from the aging report for computation of the borrowing base as it deems fit; (iv) in case the aggregate outstanding amount of credit facilities exceeds the available amount of facilities conferred by the aforesaid computation of borrowing base, the excess amount shall be settled within 7 days by Nova Macao.

Line of Credit Facility, Covenant Compliance

Nova Macao was in compliance with the stated covenants.

Line of Credit [Member] | Subsequent Event [Member] | Diamond Bar [Member]

Note 12 - Lines of Credit (Details) [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 8,000,000

Line of Credit [Member] | Subsequent Event [Member] | Nova Macao [Member]

Note 12 - Lines of Credit (Details) [Line Items]

Line of Credit Facility, Expiration Date

Jan. 31, 2017

Dongguan Commercial Bank Line of Credit [Member] | Nova Dongguan [Member]

Note 12 - Lines of Credit (Details) [Line Items]

Interest Expense, Debt

$ 112,465

Line of Credit #1 [Member] | Line of Credit [Member] | Nova Dongguan [Member]

Note 12 - Lines of Credit (Details) [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 538,992

¥ 3.5

Line of Credit Facility, Expiration Date

Sep. 6, 2015

Line of Credit #2 [Member] | Line of Credit [Member] | Nova Dongguan [Member]

Note 12 - Lines of Credit (Details) [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 1,986,571

$ 1,000,986

¥ 12.9

¥ 6.5

Line of Credit Facility, Expiration Date

Sep. 24, 2016

Oct. 18, 2015

Debt Instrument, Interest Rate, Stated Percentage

0.47533%

0.47533%

Debt Instrument, Payment Terms

monthly payment of the interest; the interest rate will be adjusted annually

Note 13 - Income Taxes Payabl62

Note 13 - Income Taxes Payable (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Note 13 - Income Taxes Payable (Details) [Line Items]
Undistributed Earnings of Foreign Subsidiaries	$ 26	$ 24
Foreign Tax Authority [Member]
Note 13 - Income Taxes Payable (Details) [Line Items]
Operating Loss Carryforwards	$ 1.9	$ 1
Foreign Tax Authority [Member] | Nova Museum [Member]
Note 13 - Income Taxes Payable (Details) [Line Items]
Effective Income Tax Rate Reconciliation, Percent	25.00%
Foreign Tax Authority [Member] | Dongguan Ding Nuo Household Products Co., Ltd. [Member]
Note 13 - Income Taxes Payable (Details) [Line Items]
Effective Income Tax Rate Reconciliation, Percent	25.00%
Foreign Tax Authority [Member] | Nova Dongguan [Member]
Note 13 - Income Taxes Payable (Details) [Line Items]
Effective Income Tax Rate Reconciliation, Percent	15.00%
Foreign Tax Authority [Member] | Bright Swallow International Group Limited [Member]
Note 13 - Income Taxes Payable (Details) [Line Items]
Effective Income Tax Rate Reconciliation, Percent	16.50%

Note 13 - Income Taxes Payable

Note 13 - Income Taxes Payable (Details) - Schedule of Taxes Payable - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Schedule of Taxes Payable [Abstract]
Income tax payable - current	$ 5,773	$ 61,769
Income tax payable – noncurrent	$ 6,801,893	$ 6,607,739

Note 13 - Income Taxes Payab64

Note 13 - Income Taxes Payable (Details) - Schedule of Income before Income Tax, Domestic and Foreign - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule of Income before Income Tax, Domestic and Foreign [Abstract]
(Loss) income subject to domestic income taxes only	$ (920,468)	$ 4,686,001
Income subject to foreign income taxes only	3,672,296	4,849,383
Total	$ 2,751,828	$ 9,535,384

Note 13 - Income Taxes Payab65

Note 13 - Income Taxes Payable (Details) - Schedule of Components of Income Tax Expense (Benefit) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal	$ 105,879	$ 308,891
State	17,610	15,475
PRC	390,880	474,934
	514,369	799,300
Deferred:
Federal	(48,369)	122,475
State	(4,373)	14,050
PRC	89,959	44,911
Total provision for income taxes	$ 551,586	$ 980,736

Note 13 - Income Taxes Payab66

Note 13 - Income Taxes Payable (Details) - Schedule of Effective Income Tax Rate Reconciliation - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule of Effective Income Tax Rate Reconciliation [Abstract]
Tax at Federal Statutory rate	$ 935,621	$ 3,242,031
Foreign Rate Differential	(22,023)	(25,650)
Foreign Permanent Differences	0	0
Change in fair value and extinguishment of warrant liability	260,813	(1,426,248)
ASC 740-10 Uncertain Tax Position	469,665	677,007
Tax exemption	(1,121,724)	(1,578,140)
Stock Based Compensation	122,666	0
Others	(93,432)	91,736
	$ 551,586	$ 980,736

Note 13 - Income Taxes Payab67

Note 13 - Income Taxes Payable (Details) - Schedule of the Aggregate Dollar and Per Share Effects of Tax Exemption - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule of the Aggregate Dollar and Per Share Effects of Tax Exemption [Abstract]
Aggregate dollar effect of tax holiday	$ 1,121,724	$ 1,578,140

Note 13 - Income Taxes Payab68

Note 13 - Income Taxes Payable (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Deferred Tax Assets:
Accrued liabilities	$ 0	$ 143,832
Current Deferred Tax Liabilities:
Prepaid expenses	0	(24,966)
Net Current Deferred Tax Assets before Valuation Allowance	0	118,866
Less: Valuation Allowance	0	0
Current Deferred Tax Assets, Net:	0	118,866
Non-Current Deferred Tax Assets:
Accrued liabilities	89,887	0
Fed & CA amortization	44,330	34,239
Stock compensation	116,332	0
Deferred rent	12,248	7,799
PRC fixed asset and amortization	934	595
PRC NOL	499,502	65,599
Non-Current Deferred Tax Liabilities:
Prepaid expenses	(135,088)	(395)
Fed & CA depreciation	(56,872)	(82,657)
Purchase accounting	(2,557)	(6,420)
Net Non-Current Deferred Tax Assets (Liabilities) before Valuation Allowance	568,716	18,760
Less: Valuation Allowance	(499,265)	(30,959)
Non-Current Deferred Tax Assets (Liabilities), Net:	69,451	(12,199)
Total Deferred, Net:	$ 69,451	$ 106,667

Note 14 - Related Party Trans69

Note 14 - Related Party Transactions (Details) - Building [Member] - President [Member] - Diamond Bar [Member] - USD ($)	Mar. 16, 2015	Dec. 31, 2015
Note 14 - Related Party Transactions (Details) [Line Items]
Related Party Transaction, Description of Transaction	Diamond Bar leased a showroom in High Point, North Carolina from the Company’s president.
Lessee Leasing Arrangements, Operating Leases, Renewal Term	1 year
Operating Leases, Rent Expense	$ 31,650	$ 32,916

Note 15 - Deferred Rent Payab70

Note 15 - Deferred Rent Payable (Details)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2015CNY (¥)	Dec. 31, 2014USD ($)	Dec. 31, 2013
Note 15 - Deferred Rent Payable (Details) [Line Items]
Deferred Rent Credit, Noncurrent	$ 89,904		$ 85,077
Use Rights [Member]
Note 15 - Deferred Rent Payable (Details) [Line Items]
Land use fee, increase percentage				5.00%
Land use fee, terms of price increase				5 years
Operating Leases, Rent Expense	$ 19,474		$ 19,744
Use Rights [Member] | Management Fee [Member]
Note 15 - Deferred Rent Payable (Details) [Line Items]
Land Use Rights Acquired, Annual Fee, Payment Description	RMB 1,500 ($231) per mu for a total 17.97 mu, or 11,977.42 square meters, from 2016 for 60 years for a total of approximately $323,000 (RMB 2.10 million). The payment will be made annually with a 5% increase every 5 years. The Company records such fees as expenses on a straight-line basis.	RMB 1,500 ($231) per mu for a total 17.97 mu, or 11,977.42 square meters, from 2016 for 60 years for a total of approximately $323,000 (RMB 2.10 million). The payment will be made annually with a 5% increase every 5 years. The Company records such fees as expenses on a straight-line basis.
Land use fee, per mu	$ 231	¥ 1,500
Lessee Leasing Arrangements, Operating Leases, Term of Contract	60 years	60 years
Land Use Fee	$ 323,000	¥ 2,100,000
Use Rights [Member] | Supplemental Payments to Residents [Member]
Note 15 - Deferred Rent Payable (Details) [Line Items]
Land Use Rights Acquired, Annual Fee, Payment Description	RMB 800 ($123) per mu for a total of 60 mu (or 40,000 square meters) starting from 2003 for 60 years for a total of approximately $790,000 (RMB 5.13 million). The payment increases 10% every 5 years. The Company records such expense on a straight-line basis.	RMB 800 ($123) per mu for a total of 60 mu (or 40,000 square meters) starting from 2003 for 60 years for a total of approximately $790,000 (RMB 5.13 million). The payment increases 10% every 5 years. The Company records such expense on a straight-line basis.
Land use fee, per mu	$ 123	¥ 800
Lessee Leasing Arrangements, Operating Leases, Term of Contract	60 years	60 years
Land Use Fee	$ 790,000	¥ 5,130,000
Land use fee, increase percentage	10.00%	10.00%
Land use fee, terms of price increase	5 years	5 years

Note 16 - Stockholders' Equit71

Note 16 - Stockholders' Equity (Details)

Aug. 15, 2015USD ($)$ / sharesshares

May. 28, 2015USD ($)$ / sharesshares

May. 19, 2015USD ($)$ / sharesshares

Mar. 25, 2015USD ($)$ / sharesshares

Mar. 09, 2015$ / sharesshares

Mar. 01, 2015USD ($)

Dec. 01, 2014USD ($)$ / sharesshares

Nov. 10, 2014

Sep. 01, 2014USD ($)$ / sharesshares

Jul. 01, 2014USD ($)$ / sharesshares

Apr. 17, 2014shares

Apr. 14, 2014USD ($)$ / sharesshares

Jul. 01, 2013USD ($)$ / sharesshares

Apr. 30, 2013shares

Aug. 15, 2012$ / sharesshares

Aug. 03, 2012USD ($)

Jul. 31, 2014USD ($)$ / sharesshares

Dec. 31, 2015USD ($)$ / sharesshares

Dec. 31, 2014USD ($)$ / sharesshares

Note 16 - Stockholders' Equity (Details) [Line Items]

Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition

$ 153,745

$ 39,101

Stock Issued During Period, Value, Issued for Services

$ 192,002

$ 541,400

Class of Warrants or Rights, Granted (in Shares) | shares

2,000,001

1,696,540

Stock Issued During Period, Shares, New Issues (in Shares) | shares

1,320,059

Common Stock, Par or Stated Value Per Share (in Dollars per share) | $ / shares

$ 0.001

$ 0.001

$ 0.001

Sale of Stock, Price Per Share (in Dollars per share) | $ / shares

$ 6.78

Proceeds from Issuance of Private Placement

$ 8,950,000

Payments of Stock Issuance Costs

716,000

$ 355,000

$ 831,000

Payments for Fees

$ 20,000

Derivative, Gain (Loss) on Derivative, Net

$ (767,096)

$ 4,194,847

Class of Warrants or Rights Exercised (in Shares) | shares

(1,062,912)

(201,233)

Share-based Compensation

$ 1,377,328

$ 663,317

Private Placement [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares

$ 2.71

Fair Value Assumptions, Expected Term

5 years

Fair Value Assumptions, Expected Volatility Rate

107.00%

Fair Value Assumptions, Risk Free Interest Rate

1.55%

Fair Value Assumptions, Expected Dividend Rate

0.00%

Warrants, Fair Value of Warrants, Granted

$ 3,147,530

Stock Issued During Period, Shares, New Issues (in Shares) | shares

2,000,001

Common Stock, Par or Stated Value Per Share (in Dollars per share) | $ / shares

$ 0.001

Sale of Stock, Price Per Share (in Dollars per share) | $ / shares

$ 2

Proceeds from Issuance of Private Placement

$ 4,000,002

Warrants, Term

5 years

Private Placement Number of Shares Authorized (in Shares) | shares

2,970,509

Warrant Description

warrant to purchase one share of the Company’s Common Stock for each share purchased for cash in the offering, pursuant to that certain Common Stock Purchase Warrant, by and between the Company and each Purchaser (the “2015 Warrants”)

Investor Relations Contract #1 [Member] | Investor Relations Services [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Common Stock, Shares To Be Issued

$ 100,000

Investor relation contract, total service period

24 months

Stock Issued During Period, Shares, Issued for Services (in Shares) | shares

50,000

50,000

Shares Issued, Price Per Share (in Dollars per share) | $ / shares

$ 2.75

Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition

0

80,208

Investor Relations Contract #2 [Member] | Investor Relations Services [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Investor relation contract, total service period

12 months

Stock Issued During Period, Shares, Issued for Services (in Shares) | shares

100,000

Shares Issued, Price Per Share (in Dollars per share) | $ / shares

$ 4.62

Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition

231,000

231,000

Stock Issued During Period, Value, Issued for Services

$ 462,000

Consulting Service Agreement [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Shares, Issued for Services (in Shares) | shares

50,000

Stock Issued During Period, Value, Issued for Services

$ 200,000

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares) | shares

50,000

Consulting Agreement, Term

12 months

Class of Warrants or Rights, Granted (in Shares) | shares

50,000

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares

$ 4

Fair Value Assumptions, Expected Term

3 years

Fair Value Assumptions, Expected Volatility Rate

353.00%

Fair Value Assumptions, Risk Free Interest Rate

0.66%

Fair Value Assumptions, Expected Dividend Rate

0.00%

Warrants, Fair Value of Warrants, Granted

$ 194,989

Consulting Service Agreement [Member] | Common Stock Amortized Over Service Term [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition

0

100,000

Consulting Service Agreement [Member] | Warrant Expense [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition

0

76,629

Consulting Service Agreement #2 [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Shares, Issued for Services (in Shares) | shares

10,000

Shares Issued, Price Per Share (in Dollars per share) | $ / shares

$ 4.20

Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition

26,250

15,750

Stock Issued During Period, Value, Issued for Services

$ 42,000

Consulting Agreement, Term

12 months

Consulting Service Agreement #3 [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Shares, Issued for Services (in Shares) | shares

60,000

Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition

74,800

6,233

Stock Issued During Period, Value, Issued for Services

$ 224,400

Consulting Agreement, Term

3 years

Consulting Agreement Vesting Terms

The initial 10,000 shares were required to be issued within 30 days upon signing of the agreement; for the remaining 50,000 shares, the Company will issue to the consultant 10,000 shares of common stock on or before each of June 1, 2015, December 1, 2015, June 1, 2016, December 1, 2016 and June 1, 2017.

Share Price (in Dollars per share) | $ / shares

$ 3.74

Consulting Service Agreement #4 [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Common Stock, Shares To Be Issued

$ 100,000

Stock Issued During Period, Shares, Issued for Services (in Shares) | shares

38,745

Shares Issued, Price Per Share (in Dollars per share) | $ / shares

$ 2.581

Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition

83,333

Consulting Agreement, Term

12 months

Share-based Compensation Arrangement by Share-based Payment Award, Terms of Award

The share price was calculated as the average closing price per share for ten trading days immediately prior to the execution of the agreement and will be amortized over the service term.

Consulting Service Agreement #5 [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Shares, Issued for Services (in Shares) | shares

18,348

Shares Issued, Price Per Share (in Dollars per share) | $ / shares

$ 2.50

Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition

17,201

Stock Issued During Period, Value, Issued for Services

$ 45,870

Consulting Agreement, Term

12 months

Monthly Payment for Services

$ 5,000

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights

Twenty-five percent (25%) of those shares vest on November 15, 2015, 25% on February 15, 2016, 25% on May 15, 2016 and the remaining 25% on August 15, 2016

Share-based Compensation Award, Tranche One [Member] | Restricted Stock [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Share-based Compensation Award, Tranche Two [Member] | Restricted Stock [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Share-based Compensation Award, Tranche Three [Member] | Restricted Stock [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Share-based Compensation Award, Tranche Four [Member] | Restricted Stock [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

July 9, 2014 [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Shares Issued, Price Per Share (in Dollars per share) | $ / shares

$ 4.47

Number of Directors

4

Stock Issued During Period, Value, Share-based Compensation, Gross

$ 75,990

Share-based Compensation

36,889

$ 39,101

July 9, 2014 [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member] | Granted to One Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | shares

5,000

July 9, 2014 [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member] | Granted to Three Directors Each [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | shares

4,000

July 9, 2014 [Member] | Share-based Compensation Award, Tranche One [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

July 9, 2014 [Member] | Share-based Compensation Award, Tranche Two [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

July 9, 2014 [Member] | Share-based Compensation Award, Tranche Three [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

July 9, 2014 [Member] | Share-based Compensation Award, Tranche Four [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

March 24, 2015 [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Warrants, Fair Value of Warrants, Granted

$ 119,999

Share Price (in Dollars per share) | $ / shares

$ 3.28

Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | shares

12,195

Share-based Compensation

93,040

March 24, 2015 [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director #2 [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | shares

12,195

March 24, 2015 [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director #3 [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | shares

12,195

March 24, 2015 [Member] | Share-based Compensation Award, Tranche One [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

March 24, 2015 [Member] | Share-based Compensation Award, Tranche Two [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

March 24, 2015 [Member] | Share-based Compensation Award, Tranche Three [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

May 19, 2015 [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Warrants, Fair Value of Warrants, Granted

$ 38,292

Share Price (in Dollars per share) | $ / shares

$ 3.14

Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | shares

12,195

Share-based Compensation

$ 23,815

May 19, 2015 [Member] | Share-based Compensation Award, Tranche One [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

May 19, 2015 [Member] | Share-based Compensation Award, Tranche Two [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

May 19, 2015 [Member] | Share-based Compensation Award, Tranche Three [Member] | 2014 Omnibus Long-Term Incentive Plan [Member] | Restricted Stock [Member] | Director [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Series A Warrants [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Class of Warrants or Rights, Granted (in Shares) | shares

660,030

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares

$ 8.48

Fair Value Assumptions, Expected Volatility Rate

121.00%

110.00%

Fair Value Assumptions, Risk Free Interest Rate

0.82%

1.10%

Fair Value Assumptions, Expected Dividend Rate

0.00%

0.00%

Warrants, Fair Value of Warrants, Granted

$ 912,138

Warrants, Term

4 years

Derivative, Gain (Loss) on Derivative, Net

2,084,496

Class of Warrants or Rights Exercised (in Shares) | shares

660,030

Series B Warrants [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Class of Warrants or Rights, Granted (in Shares) | shares

633,628

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares

$ 6.82

Fair Value Assumptions, Expected Volatility Rate

99.00%

Fair Value Assumptions, Risk Free Interest Rate

0.06%

Fair Value Assumptions, Expected Dividend Rate

0.00%

Warrants, Fair Value of Warrants, Granted

0

Warrants, Term

6 years

Derivative, Gain (Loss) on Derivative, Net

$ 922,105

Class of Warrants or Rights Exercised (in Shares) | shares

310,478

Series C Warrants [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Class of Warrants or Rights, Granted (in Shares) | shares

310,478

Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share) | $ / shares

$ 8.53

Fair Value Assumptions, Expected Volatility Rate

121.00%

110.00%

Fair Value Assumptions, Risk Free Interest Rate

0.82%

1.10%

Fair Value Assumptions, Expected Dividend Rate

0.00%

0.00%

Warrants, Fair Value of Warrants, Granted

$ 980,390

Warrants, Term

4 years

Derivative, Gain (Loss) on Derivative, Net

$ 427,875

Warrant, Repurchase Terms

After the six month anniversary of the issuance date of the Series C Warrants, to the extent that a holder of Series C Warrant exercised less than 70% of such holder’s Series B Warrants and the closing sale price of the Common Stock was equal to or greater than $9.81 for a period of ten consecutive trading days, and the Company could purchase the entire then-remaining portion of such holder’s Series C Warrants for $1,000. On October 14, 2014, the Company’s closing sale price of the Common Stock was not equal to or greater than $9.81 for a period of ten consecutive trading days, accordingly, the Company cannot purchase the entire then-remaining portion of such holder’s Series C Warrants for $1,000.

Class of Warrants or Rights Exercised (in Shares) | shares

92,404

Placement Agent Warrants [Member]

Note 16 - Stockholders' Equity (Details) [Line Items]

Class of Warrants or Rights, Granted (in Shares) | shares

92,404

Fair Value Assumptions, Expected Volatility Rate

122.00%

110.00%

Fair Value Assumptions, Risk Free Interest Rate

0.91%

1.10%

Fair Value Assumptions, Expected Dividend Rate

0.00%

0.00%

Warrants, Fair Value of Warrants, Granted

$ 125,006

Derivative, Gain (Loss) on Derivative, Net

$ 207,856

Warrants Granted, Percentage of Shares Issued

7.00%

Note 16 - Stockholders' Equit72

Note 16 - Stockholders' Equity (Details) - Schedule of Stockholders' Equity Note, Warrants or Rights - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Stockholders' Equity Note, Warrants or Rights [Abstract]
Number of Warrants Outstanding	2,050,001	1,241,462	522,473
Warrants Outstanding, Average Exercise Price	$ 2.74	$ 7.90	$ 2.93
Warrants Outstanding, Weighted Average Remaining Contractual Term in Years	4 years 299 days	2 years 321 days	339 days
Number of Warrants Exercisable	2,050,001	1,241,462	522,473
Warrants Exercisable, Average Exercise Price	$ 2.74	$ 7.90	$ 2.93
Warrants Exercisable, Weighted Average Remaining Contractual Term in Years	4 years 299 days	2 years 321 days	339 days
Number of Warrants Granted	2,000,001	1,696,540
Warrants Granted, Average Exercise Price	$ 2.71	$ 7.87
Warrants Granted, Weighted Average Remaining Contractual Term in Years	5 years 6 months	2 years 251 days
Number of Warrants Exercised	(1,062,912)	(201,233)
Warrants Exercised, Average Exercise Price	$ 2.10	$ 2.33
Number of Warrants Expired	(128,550)	(776,318)
Warrants Expired, Average Exercise Price	$ 4.50	$ 5.93

Note 17 - Statutory Reserves (D

Note 17 - Statutory Reserves (Details)	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Note 17 - Statutory Reserves (Details) [Line Items]
Statutory Equity Reserves (in Dollars)	$ 6,241	$ 6,241
Nova Dongguan [Member]
Note 17 - Statutory Reserves (Details) [Line Items]
Number of statutory reserve accounts	1
Statutory reserve, after-tax income percentage	10.00%
Statutory reserve, percentage of registered capital	50.00%
Statutory reserve, percentage of registered capital minimum	25.00%
Nova Macao [Member]
Note 17 - Statutory Reserves (Details) [Line Items]
Statutory reserve, after-tax income percentage	10.00%
Statutory reserve, percentage of registered capital	50.00%
Statutory reserve, percentage of registered capital minimum	25.00%
Minimum [Member] | Nova Dongguan [Member]
Note 17 - Statutory Reserves (Details) [Line Items]
Common welfare fund, voluntary contribution	5%
Minimum [Member] | Nova Macao [Member]
Note 17 - Statutory Reserves (Details) [Line Items]
Common welfare fund, voluntary contribution	5%
Maximum [Member] | Nova Dongguan [Member]
Note 17 - Statutory Reserves (Details) [Line Items]
Common welfare fund, voluntary contribution	10%
Maximum [Member] | Nova Macao [Member]
Note 17 - Statutory Reserves (Details) [Line Items]
Common welfare fund, voluntary contribution	10%

Note 18 - Geographical Sales (

Note 18 - Geographical Sales (Details) - Schedule of Sales by Geographic Region - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Note 18 - Geographical Sales (Details) - Schedule of Sales by Geographic Region [Line Items]
Sales		$ 108,820,112	$ 98,711,275
CHINA
Note 18 - Geographical Sales (Details) - Schedule of Sales by Geographic Region [Line Items]
Sales	[1]	18,876,697	17,033,251
North America [Member]
Note 18 - Geographical Sales (Details) - Schedule of Sales by Geographic Region [Line Items]
Sales		75,171,207	64,388,558
Asia [Member]
Note 18 - Geographical Sales (Details) - Schedule of Sales by Geographic Region [Line Items]
Sales	[2]	2,676,669	4,449,148
Europe [Member]
Note 18 - Geographical Sales (Details) - Schedule of Sales by Geographic Region [Line Items]
Sales		10,579,444	11,395,087
AUSTRALIA
Note 18 - Geographical Sales (Details) - Schedule of Sales by Geographic Region [Line Items]
Sales		535,145	664,705
HONG KONG
Note 18 - Geographical Sales (Details) - Schedule of Sales by Geographic Region [Line Items]
Sales		661,530	746,226
Other Countries [Member]
Note 18 - Geographical Sales (Details) - Schedule of Sales by Geographic Region [Line Items]
Sales		$ 319,420	$ 34,300
[1]	excluding Hong Kong
[2]	excluding China

Note 19 - Commitments and Con75

Note 19 - Commitments and Contingencies (Details)

Mar. 25, 2016USD ($)

Mar. 24, 2016shares

Jan. 30, 2016USD ($)$ / sharesshares

Sep. 15, 2015USD ($)

Sep. 15, 2015HKD

Mar. 25, 2015USD ($)

Nov. 10, 2014USD ($)$ / sharesshares

Jan. 07, 2014

Sep. 19, 2013

Jun. 17, 2013USD ($)

May. 03, 2013shares

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Note 19 - Commitments and Contingencies (Details) [Line Items]

Description of Lessor Leasing Arrangements, Operating Leases

The Company subleased a portion of its warehouse space to one of its customers with a 1 year term commencing on December 1, 2013 and expiring on November 30, 2014.

Operating Leases, Income Statement, Lease Revenue

$ 670,347

$ 574,210

Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | shares

600,000

Share Price (in Dollars per share) | $ / shares

$ 1.19

Restricted Stock [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Allocated Share-based Compensation Expense

600,000

President [Member] | Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Officers' Compensation

$ 80,000

President [Member] | Restricted Stock [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares) | shares

46,403

Stock Issued During Period, Value, Restricted Stock Award, Gross

$ 200,000

Share Price (in Dollars per share) | $ / shares

$ 4.31

President [Member] | Restricted Stock [Member] | Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares) | shares

100,000

Chief Executive Officer [Member] | Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Officers' Compensation

100,000

Chief Executive Officer [Member] | Restricted Stock [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares) | shares

46,403

Stock Issued During Period, Value, Restricted Stock Award, Gross

$ 200,000

Share Price (in Dollars per share) | $ / shares

$ 4.31

Chief Executive Officer [Member] | Restricted Stock [Member] | Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares) | shares

100,000

Chief Financial Officer [Member] | Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Officers' Compensation

$ 80,000

Chief Financial Officer [Member] | Restricted Stock [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares) | shares

46,403

Stock Issued During Period, Value, Restricted Stock Award, Gross

$ 200,000

Share Price (in Dollars per share) | $ / shares

$ 4.31

Chief Financial Officer [Member] | Restricted Stock [Member] | Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares) | shares

100,000

Diamond Bar [Member] | Land, Buildings and Improvements [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Lessee Leasing Arrangements, Operating Leases, Term of Contract

5 years

Operating Leases, Rent Expense, Minimum Rentals

$ 42,000

Operating lease, annual rent expense increase

3.00%

Diamond Bar [Member] | Building [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Lessee Leasing Arrangements, Operating Leases, Term of Contract

5 years

Rental Income, Nonoperating

75,301

Bright Swallow International Group Limited [Member] | Land, Buildings and Improvements [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Lessee Leasing Arrangements, Operating Leases, Term of Contract

2 years

2 years

2 years

Operating Leases, Rent Expense, Minimum Rentals

$ 2,581

HKD 20,000

Employment Agreement [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Other Commitments, Description

entered into one-year employment agreements, effective as of November 10, 2014, with Mr. Ya Ming (Jeffrey) Wong and Mr. Yuen Ching (Sammy) Ho to serve as the Company’s Chief Executive Officer and Chief Financial Officer

Employment Agreement [Member] | President [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Other Commitments, Description

Company entered into an amended and restated employment agreement with Thanh H. Lam to serve as the Company’s president for five years.

Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | shares

200,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period (in Shares) | shares

50,000

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

3 years

Allocated Share-based Compensation Expense

$ 191,000

$ 191,000

Officers' Compensation

$ 80,000

Employment Agreement [Member] | Chief Executive Officer [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Officers' Compensation

$ 100,000

100,000

Employment Agreement [Member] | Chief Executive Officer [Member] | Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Officers' Compensation

$ 100,000

Employment Agreement [Member] | Chief Financial Officer [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Officers' Compensation

$ 80,000

$ 80,000

Employment Agreement [Member] | Chief Financial Officer [Member] | Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Officers' Compensation

$ 80,000

Share-based Compensation Award, Tranche One [Member] | Restricted Stock [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Share-based Compensation Award, Tranche One [Member] | Restricted Stock [Member] | Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Share-based Compensation Award, Tranche One [Member] | Employment Agreement [Member] | President [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in Shares) | shares

50,000

Share-based Compensation Award, Tranche Two [Member] | Restricted Stock [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Share-based Compensation Award, Tranche Two [Member] | Restricted Stock [Member] | Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Share-based Compensation Award, Tranche Two [Member] | Employment Agreement [Member] | President [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in Shares) | shares

50,000

Share-based Compensation Award, Tranche Three [Member] | Restricted Stock [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Share-based Compensation Award, Tranche Three [Member] | Restricted Stock [Member] | Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Share-based Compensation Award, Tranche Three [Member] | Employment Agreement [Member] | President [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in Shares) | shares

50,000

Share-based Compensation Award, Tranche Four [Member] | Restricted Stock [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Share-based Compensation Award, Tranche Four [Member] | Restricted Stock [Member] | Subsequent Event [Member]

Note 19 - Commitments and Contingencies (Details) [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

25.00%

Note 19 - Commitments and Con76

Note 19 - Commitments and Contingencies (Details) - Schedule of Future Minimum Rental Payments for Operating Leases	Dec. 31, 2015USD ($)
Schedule of Future Minimum Rental Payments for Operating Leases [Abstract]
2,016	$ 568,334
2,017	576,713
2,018	472,714
2,019	0
2,020	0
Thereafter	0
Total	$ 1,617,761

Note 20 - Subsequent Events (De

Note 20 - Subsequent Events (Details)	Feb. 01, 2016USD ($)$ / sharesshares	Jan. 30, 2016USD ($)$ / sharesshares	Mar. 09, 2015$ / sharesshares	Mar. 01, 2015	Dec. 01, 2014USD ($)$ / sharesshares	Sep. 01, 2014USD ($)$ / sharesshares	Jul. 01, 2013USD ($)shares	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Note 20 - Subsequent Events (Details) [Line Items]
Stock Issued During Period, Value, Issued for Services								$ 192,002	$ 541,400
Consulting Service Agreement [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Consulting Agreement, Term							12 months
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares							50,000
Stock Issued During Period, Value, Issued for Services							$ 200,000
Consulting Service Agreement #2 [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Consulting Agreement, Term						12 months
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares						10,000
Stock Issued During Period, Value, Issued for Services						$ 42,000
Shares Issued, Price Per Share (in Dollars per share) | $ / shares						$ 4.20
Consulting Service Agreement #3 [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Share Price (in Dollars per share) | $ / shares					$ 3.74
Consulting Agreement, Term					3 years
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares					60,000
Stock Issued During Period, Value, Issued for Services					$ 224,400
Consulting Service Agreement #4 [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Consulting Agreement, Term				12 months
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares			38,745
Shares Issued, Price Per Share (in Dollars per share) | $ / shares			$ 2.581
Subsequent Event [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Share Price (in Dollars per share) | $ / shares		$ 1.19
Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares) | shares		600,000
Stock Issued During Period, Value, Share-based Compensation, Gross		$ 714,000
Subsequent Event [Member] | Consulting Service Agreement [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Consulting Agreement, Term	15 months
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares	150,000
Stock Issued During Period, Value, Issued for Services	$ 204,000
Shares Issued, Price Per Share (in Dollars per share) | $ / shares	$ 1.36
Subsequent Event [Member] | Consulting Service Agreement [Member] | Monthly Award [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares	10,000
Subsequent Event [Member] | Consulting Service Agreement #2 [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Share Price (in Dollars per share) | $ / shares	$ 1.36
Consulting Agreement, Term	24 months
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares	240,000
Stock Issued During Period, Value, Issued for Services	$ 326,400
Subsequent Event [Member] | Consulting Service Agreement #2 [Member] | Monthly Award [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares	10,000
Subsequent Event [Member] | Consulting Service Agreement #3 [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Share Price (in Dollars per share) | $ / shares	$ 1.36
Consulting Agreement, Term	6 months
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares	44,118
Stock Issued During Period, Value, Issued for Services	$ 60,000
Subsequent Event [Member] | Consulting Service Agreement #4 [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Share Price (in Dollars per share) | $ / shares	$ 1.19
Consulting Agreement, Term		24 months
Stock Issued During Period, Shares, Issued for Services (in Shares) | shares		600,000
Stock Issued During Period, Value, Issued for Services		$ 714,000
Number of Furniture Designers		5
Restricted Stock Units (RSUs) [Member] | Subsequent Event [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted (in Shares) | shares		168,067
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value		$ 200,000
Chief Executive Officer [Member] | Subsequent Event [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Officers' Compensation		100,000
Chief Financial Officer [Member] | Subsequent Event [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Officers' Compensation		80,000
President [Member] | Subsequent Event [Member]
Note 20 - Subsequent Events (Details) [Line Items]
Officers' Compensation		$ 80,000