BIQI International Holding (BIQIF) 10-K 13 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 13, 2014	Jun. 30, 2013
Document And Entity Information	'	'	'
Entity Registrant Name	'Tianli Agritech, Inc.	'	'
Entity Central Index Key	'0001486299	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--12-31	'	'
Is Entity a Well-known Seasoned Issuer?	'No	'	'
Is Entity a Voluntary Filer?	'No	'	'
Is Entity's Reporting Status Current?	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	'	$4,642,080
Entity Common Stock, Shares Outstanding	'	13,964,000	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Current Assets:	'	'
Cash and cash equivalents	$10,087,694	$7,477,205
Accounts receivable	256,607	158,047
Inventories	11,484,786	10,232,893
Advances to suppliers	1,612,492	189,094
Prepaid expenses	204,106	237,247
Restricted cash	0	793,512
Other receivables, net	1,181,078	208,325
Total Current Assets	24,826,763	19,296,323
Long-term prepaid expenses, net	1,606,188	1,681,488
Plant and equipment, net of accumulated depreciation of $6,960,163 and $4,979,716 at December 31, 2013 and 2012, respectively	23,185,732	24,400,573
Construction in progress	50,897	1,655,901
Biological assets, net of accumulated amortization of $3,843,502 and $2,422,048 at December 31, 2013 and 2012, respectively	3,276,840	4,357,846
Intangible assets, net	1,480,631	1,485,773
Total Assets	54,427,051	52,877,904
Current Liabilities:	'	'
Short-term loans	6,382,561	7,101,935
Accounts payable and accrued payables	48,896	190,811
Other payables	3,309,246	2,893,332
Due to related party	139,430	125,842
Total Current Liabilities	9,880,133	10,311,920
Stockholders' Equity:	'	'
Common stock ($0.001 par value, 50,000,000 shares authorized, 13,964,000 and 11,194,000 shares issued and outstanding as of December 31, 2013 and 2012, respectively)	13,964	11,194
Additional paid in capital	18,094,200	14,888,470
Statutory surplus reserves	2,416,647	2,416,647
Retained earnings	19,538,507	21,582,277
Accumulated other comprehensive income	4,046,055	2,604,802
Stockholders' Equity - Tianli Agritech Inc., and Subsidiaries	44,109,373	41,503,390
Noncontrolling interest	437,545	1,062,594
Total Stockholders' Equity	44,546,918	42,565,984
Total Liabilities and Stockholders' Equity	$54,427,051	$52,877,904

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Statement of Financial Position [Abstract]	'	'
Accumulated depreciation	$6,960,163	$4,979,716
Accumulated amortization	$3,843,502	$2,422,048
Stockholders' Equity:	'	'
Common stock, Par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares outstanding	13,964,000	11,194,000
Common stock, shares issued	13,964,000	11,194,000

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Statement [Abstract]	'	'
Sales	$33,350,942	$26,529,423
Cost of goods sold	30,330,010	23,073,991
Gross profit	3,020,932	3,455,432
Operating expenses:	'	'
General and administrative expenses	3,236,401	2,239,737
Selling expenses	563,415	1,181,441
Total Operating Expenses	3,799,816	3,421,178
Income (loss) from operations	-778,884	34,254
Other income (expense):	'	'
Interest expenses	-338,688	-461,299
Subsidy income	107,584	218,605
Impairment loss from Farm 8 shutdown	-1,490,034	0
Impairment loss from construction in progress	-38,769	0
Other expense	-145,672	-43,534
Total other expense	-1,905,579	-286,228
Loss before income taxes	-2,684,463	-251,974
Income taxes	0	0
Net loss from continuing operations	-2,684,463	-251,974
Discontinued operations:	'	'
Gain from operations of discontinued component, net of taxes	0	39,179
Net loss	-2,684,463	-212,795
Net loss attributable to the noncontrolling interests	640,693	0
Net loss attributable to Tianli Agritech Inc. common stockholders	-2,043,770	-212,795
Unrealized foreign currency translation adjustment	1,436,681	313,452
Comprehensive income	($1,247,782)	$100,657
Losses per share attributable to Tianli Agritech Inc. common stockholders - basic and diluted	'	'
Weighted average shares, basic and diluted	11,657,750	10,605,625
Continuing operations - Basic and diluted	($0.18)	($0.02)
Discontinued operations - Basic and diluted	$0	$0

CONSOLIDATED_STATEMENTS_OF_THE

CONSOLIDATED STATEMENTS OF THE STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional Paid-In Capital	Statutory Surplus Reserves	Retained Earnings	Accumulated Other Comprehensive Income	Noncontrolling Interest	Total
Beginning Balance - Amount at Dec. 31, 2010	$10,125	$13,445,712	$1,510,423	$14,605,162	$1,238,119	$0	$30,809,541
Beginning Balance - Shares at Dec. 31, 2010	10,125,000	'	'	'	'	'	'
Stock based compensation to consultants, Shares	10,000	'	'	'	'	'	'
Stock based compensation to consultants, Amount	10	53,190	'	'	'	'	53,200
Options granted to director	'	21,374	'	'	'	'	21,374
Appropriation to statutory surplus reserves	'	'	906,224	-906,224	'	'	'
Comprehensive income:	'	'	'	'	'	'	'
Net income/(loss)	'	'	'	8,096,134	'	'	8,096,134
Unrealized foreign currency translation adjustment	'	'	'	'	1,057,803	'	1,057,803
Ending Balance, Amount at Dec. 31, 2011	10,135	13,520,276	2,416,647	21,795,072	2,295,922	0	40,038,052
Ending Balance, Shares at Dec. 31, 2011	10,135,000	'	'	'	'	'	'
Stock based compensation to consultants, Shares	960,000	'	'	'	'	'	'
Stock based compensation to consultants, Amount	960	1,083,840	'	'	'	'	1,084,800
Stock-based compensation to employees, Shares	40,000	'	'	'	'	'	'
Stock-based compensation to employees, Amount	40	45,160	'	'	'	'	45,200
2011 stock-based compensation to an investor relationship consulting firm, Shares	34,000	'	'	'	'	'	'
2011 stock-based compensation to an investor relationship consulting firm, Amount	34	180,846	'	'	'	'	180,880
2012 stock-based compensation to an investor relationship consulting firm, Shares	25,000	'	'	'	'	'	'
2012 stock-based compensation to an investor relationship consulting firm, Amount	25	36,975	'	'	'	'	37,000
Options granted to director	'	21,373	'	'	'	'	21,373
Capital investment from noncontrolling interest shareholders in one of Chinese subsidiaries	'	'	'	'	'	1,058,022	1,058,022
Comprehensive income:	'	'	'	'	'	'	'
Net income/(loss)	'	'	'	-212,795	'	'	-212,795
Unrealized foreign currency translation adjustment	'	'	'	'	313,452	'	313,452
Ending Balance, Amount at Dec. 31, 2012	11,194	14,888,470	2,416,647	21,582,277	2,609,374	1,058,022	42,565,984
Ending Balance, Shares at Dec. 31, 2012	11,194,000	'	'	'	'	'	'
Sale of common stock, Shares	2,760,000	'	'	'	'	'	'
Sale of common stock, Amount	2,760	3,198,840	'	'	'	'	3,201,600
2013 stock-based compensation to an investor relationship consulting firm, shares	10,000	'	'	'	'	'	'
2013 stock-based compensation to an investor relationship consulting firm, amount	10	6,890	'	'	'	'	6,900
Comprehensive income:	'	'	'	'	'	'	'
Net income/(loss)	'	'	'	-2,043,770	'	-640,693	-2,684,463
Unrealized foreign currency translation adjustment	'	'	'	'	1,436,681	20,216	1,456,897
Ending Balance, Amount at Dec. 31, 2013	$13,964	$18,094,200	$2,416,647	$19,538,507	$4,046,055	$437,545	$44,546,918
Ending Balance, Shares at Dec. 31, 2013	13,964,000	'	'	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net loss	($2,684,463)	($251,974)
Adjustments to reconcile net loss to net cash provided by operating activities:	'	'
Depreciation and amortization	3,630,414	2,969,098
Amortization of prepaid expenses	437,445	406,357
Bad debt expense	14,198	0
Stock-based compensation	6,900	1,188,373
Loss from inventory LCM	84,800	0
Impairment loss from Farm 8 shutdown	1,490,034	0
Impairment loss from construction in progress	38,769	0
Loss from disposal of construction in progress	0	49,338
Changes in operating assets and liabilities:	'	'
Accounts receivable	-102,462	-30,095
Inventories	-1,005,268	-573,473
Advances to suppliers	-1,399,156	-189,025
Prepaid expenses	-271,300	-366,450
Other receivables	-957,900	-52,219
Accounts payable and accrued payables	-145,910	16,802
Other payables	750,889	2,287,254
Total adjustments	2,571,453	5,705,960
Net cash provided by (used in) operating activities from continuing operations	-113,010	5,453,986
Net cash provided by operating activities from discontinued operations	0	154,135
Net cash provided by (used in) operating activities	-113,010	5,608,121
CASH FLOWS FROM INVESTING ACTIVITIES	'	'
Cash collected from loan to An Puluo	0	1,110,512
Investment in construction in progress	-50,238	-6,977,751
Proceeds from disposal of construction in progress	0	509,842
Purchase of biological assets	-127,187	-1,760,034
Purchase of plant and equipment	-573,134	-213,872
Net cash used in investing activities	-750,559	-7,331,303
CASH FLOWS FROM FINANCING ACTIVITIES	'	'
Restricted cash	807,689	-793,223
Due to related party	-32,308	0
Proceeds from the noncontrolling shareholder's capital investment	3,201,600	1,057,636
Repayment of short-term loans	-7,228,818	-4,759,336
Proceeds from short-term loans	6,299,976	7,099,343
Net cash provided by financing activities	3,048,139	2,604,420
EFFECT OF EXCHANGE RATE CHANGES ON CASH	425,919	88,225
NET INCREASE IN CASH	2,610,489	969,463
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	7,477,205	6,507,742
CASH AND CASH EQUIVALENTS, END OF PERIOD	10,087,694	7,477,205
SUPPLEMENTAL DISCLOSURES:	'	'
Interest paid	385,883	484,260
Income tax paid	$0	$0

1_ORGANIZATION_AND_DESCRIPTION

1. ORGANIZATION AND DESCRIPTION OF BUSINESS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 1. ORGANIZATION AND DESCRIPTION OF BUSINESS	'
	The consolidated financial statements include the financial statements of Tianli Agritech, Inc. (referred to herein as “Tianli”); its wholly-owned subsidiary, HC Shengyuan Limited, a Hong Kong limited liability company (“HCS”); HCS’s wholly-owned subsidiary, Wuhan Fengxing Agricultural Science and Technology Development Co., Ltd., a Chinese limited liability company and a wholly foreign owned entity (“WFOE”); WFOE’s variable interest entity, Wuhan Fengze Agricultural Science and Technology Development Co., Ltd., a Chinese limited liability company (“Fengze” or the “VIE”), where WFOE is deemed the primary beneficiary; Fengze’s subsidiary, Hubei Tianzhili Breeder Hog Co., Ltd., a Chinese limited liability company (“Tianzhili”). All of Tianli’s operations are conducted by Fengze and Tianzhili whose results of operations are consolidated into those of Tianli. HCS and WFOE are sometimes referred to as the “subsidiaries”. Tianli, its consolidated subsidiaries and Fengze and Tianzhili are collectively referred to herein as the “Company”, “we” and “us”, unless specific reference is made to an entity.
	Tianli was incorporated in the British Virgin Islands on November 9, 2009 as a limited liability company. The Company is engaged in the business of breeding, raising, and selling hogs for use in China’s pork meat production and hog breeding by other hog producers. The Company also sold pork products through its retail operation operated until June 2012. The Company operates eleven production farms in areas around Wuhan City, within Hubei Province, People’s Republic of China (“PRC”). Its wholly owned subsidiary, HCS, was incorporated in Hong Kong on November 24, 2009 as a limited liability company. Other than its equity interest in HCS, Tianli does not own any assets or conduct any operations.
	WFOE was incorporated in Wuhan City on June 2, 2005. On November 26, 2009, HCS entered into a stock purchase agreement with WFOE where HCS would acquire a 100% equity interest of WFOE. On January 19, 2010, the Wuhan Municipal Commission of Commerce approved the ownership change. On January 27, 2010, the ownership change was declared effective by Wuhan Administrator for Industry & Commerce. HCS acquired WFOE and became the holder of 100% of the equity interest of WFOE, and WFOE effectively became the wholly-owned subsidiary of the Company. Other than the equity interest in WFOE, HCS does not own any assets or conduct any operations.
	WFOE conducts its business through Fengze, which is consolidated as a variable interest entity, as discussed below.
	Chinese laws and regulations currently do not prohibit or restrict foreign ownership in hog breeding businesses. However, Chinese laws and regulations do prevent direct foreign investment in certain industries. On December 1, 2009, to protect the Company’s stockholders from possible future foreign ownership restrictions, Fengze and all of the stockholders of Fengze (“Principal Stockholders”) entered into an Entrusted Management Agreement (the “EMA”) with WFOE, which provides that WFOE will be fully and exclusively responsible for the management of Fengze. WFOE is also entitled to receive the residual return of Fengze. As a result of the agreement, WFOE will absorb 100% of the expected losses and gains of Fengze, which results in WFOE being the primary beneficiary of Fengze.
	WFOE also entered into a Pledge of Equity Agreement (the “PEA”) with the Principal Stockholders, who pledged all their equity interest in these entities to WFOE. The PEA, which was entered into by each Principal Shareholder, pledged each of the Principal Stockholders’ equity interest in WFOE as a guarantee for the entrustment payment under the EMA.
	In addition, WFOE entered into an Option Agreement (the “OA”) to acquire the Principal Stockholders’ equity interest in these entities if or when permitted by the PRC laws.
	Collectively, the EMA, PEA and OA are referred to as the Exclusive Agreements, based upon which the Company consolidates the variable interest entity, Fengze, as required by generally accepted accounting principles in the United States (“US GAAP”), because the Company is the primary beneficiary of the VIE. The profits and losses of Fengze are allocated to WFOE and thus to the Company based upon the EMA.
	The Company completed its Initial Public Offering (“IPO”) on July 19, 2010, whereby it issued 2,000,000 shares of its common stock at a price of $6.00 per share.
	On May 12, 2011, the Company acquired its eleventh farm from An Puluo Development Co. (“An Puluo”), which is located in Enshi Tujia and Miao Autonomous Prefecture of Hubei Province, for a purchase price of $2.2 million.
	On June 22, 2011, Fengze established Hubei Tianzhili Breeder Hog Co., Ltd., a wholly owned subsidiary (“Tianzhili”), in Enshi Tujia and Miao Autonomous Prefecture of Hubei Province as a limited liability company. Tianzhili engaged in the business of raising and selling black hogs through several major Chinese retail channels in cooperation with An Puluo. This collaborative agreement commenced in the third quarter of 2011 1nd was terminated as of June 15, 2012.
	On November 5, 2012, XMRJ LLP (“XMRJ”), a limited partner enterprise formed under Chinese law that engages in equity investments in China, agreed to invest RMB 10,000,000, or approximately $1,600,000, in Hubei Tianzhili. Until such investment, Tianzhili was a wholly-owned subsidiary of Fengze. Tianzhili conducts our black hog breeding operations. In consideration for its commitment to make the investment and an interest free loan, XMRJ received a 40% equity interest in Tianzhili. As of December 31, 2012, Tianzhili received $1,057,636 or RMB 6,666,670 from XMRJ.
	In connection with its investment in Tianzhili, XMRJ will loan RMB 5,000,000, or approximately $800,000, to Tianzhili without interest burden for a term commencing when the loan is made and ending when XMRJ decides to withdraw its investment in Tianzhili.
	On January 22, 2013, Tianzhili established Hubei Tianzhili (Hefeng) Breeder Hog Co., Ltd., a wholly owned subsidiary of Tianzhili (“Hefeng”), in Enshi Tujia and Miao Autonomous Prefecture of Hubei Province, Hubei Province as a limited liability company. Hefeng will be engaged in managing black hogs farming and operation in Hefeng county of Enshi Tujia and Miao Autonomous Prefecture.

2_BASIS_OF_PRESENTATION_AND_SU

2. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 2. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	Basis of Presentation
	The accompanying consolidated financial statements have been prepared in conformity with US GAAP. The basis of accounting differs from that used in the statutory accounts of the Company, which are prepared in accordance with the accounting principles of the PRC (“PRC GAAP”). The Company’s functional currency is the Chinese Renminbi (“RMB”); however the accompanying consolidated financial statements have been translated and presented in United States Dollars (“USD”). All significant intercompany transactions and balances have been eliminated.
	Use of Estimates
	The preparation of these financial statements in conformity with generally accepted accounting principles requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results may differ from these estimates. Significant estimates include the useful lives of property and equipment, land use rights and biological assets, and assumptions used in assessing impairment for long-term assets.
	Principles of Consolidation
	Pursuant to US GAAP, Fengze is the VIE of the Company and the Company is the primary beneficiary of the VIE. Accordingly, the VIE has been consolidated in the Company’s financial statements.
	Based on various VIE agreements, the Company is able to exercise control over the VIE, and obtain the financial interests such as the periodic income of the VIE through the EMA, PEA, and OA and to acquire the net assets of VIE through purchase of their equities. The Company therefore concluded that its interest in the VIE is not a non-controlling interest and therefore is not classified as such. Based on the Exclusive Agreements the amount of controlling interest of the Fengze shareholders, who are holding shares of the VIE for the Company, is zero. They exercise no controls over the VIE and no financial interests of ownership are due to them either for periodic income or the net assets.
	Cash and Cash Equivalents
	Cash and cash equivalents consist of all cash balances and highly liquid investments with an original maturity of three months or less. Because of the short maturity of these investments, the carrying amounts approximate their fair value. Restricted cash is excluded from cash and cash equivalents.
	Accounts Receivable
	Accounts receivable is stated at cost, net of an allowance for doubtful accounts. The Company maintains allowances for doubtful accounts for estimated losses resulting from the failure of customers to make required payments. The Company reviews the accounts receivable on a periodic basis and makes allowances where there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, the customer’s payment history, its current credit-worthiness and current economic trends.
	Management accrued allowance for doubtful accounts of $10,178 and $0 at December 31, 2013 and 2012.
	Inventories
	Inventories are stated at the lower of cost, as determined by the weighted-average method, or market. Management compares the cost of inventories with the market value, and allowance is made for writing down the inventories to their market value if that is lower. Costs of raised animals include proportionate costs of breeding, including amortization of the breeding herd or biological assets, plus the costs of feed and other maintenance costs through the balance sheet date. Management inspects and monitors inventory on a continual basis.
	Prepaid Expenses
	Prepaid expenses at December 31, 2013 and 2012 totaled $204,106 and $237,247, respectively, and includes prepayments to suppliers for services that had not yet been provided to us. We recognize prepayments as expense as suppliers provide services, in compliance with our accounting policy. For the years ended December 31, 2013 and 2012, the Company had amortized its prepaid insurance expense, warehouse leasing expense, and service expense of $352,513 and $294,065, respectively.
	Advances to Suppliers
	Advances to suppliers at December 31, 2013 and 2012 totaled $1,612,492 and $189,094, respectively, and includes prepayments to suppliers for merchandise and raw materials that had not yet been shipped to us. We recognize prepayments as inventory or expense as suppliers make delivery of goods in compliance with our accounting policy. Included in advances to suppliers as of December 31, 2013 and 2012, we had prepaid $1,440,167 and $0, respectively, to the Company’s premix feed supplier.
	Plant and Equipment
	The Company states plant and equipment at cost less accumulated depreciation. Expenditures for maintenance and repairs are charged to operations as incurred; additions, renewals and betterments are capitalized. When plant and equipment assets are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any resulting gain or loss is recorded as an operating expense. In accordance with US GAAP, the Company examines the possibility of decreases in the value of plant and equipment when events or changes in circumstances reflect the fact that their recorded value may not be recoverable. The Company computes depreciation using the straight-line method over the estimated useful lives of the assets with a residual value of 5% of plant and equipment.
	Estimated useful lives of the Company’s assets are as follows:
		Useful Life
	Buildings	20 years
	Vehicles	5 years
	Office equipment	5 years
	Production equipment	5-10 years
	Construction in Progress
	Construction in progress consists of amounts expended for building construction of new breeding and animal rearing facilities. Once the building construction is completed and the facilities are approved for adequate breeding and animal rearing activity, the construction in progress assets are categorized as buildings and production equipment and are then accounted for in plant and equipment. Assets accounted for as plant and equipment are used in the Company’s production process, whereupon they are depreciated over their estimated useful lives.
	Biological Assets
	Biological assets consist primarily of hogs purchased or selected from the Company’s own production for breeding and farrowing, which management believes will produce piglets that grow faster and have better quality breeding capabilities and carcasses with a high percentage of meat and a small quantity of fat. The costs to purchase and cultivate these breeding hogs and the expenditures related to labor and materials to feed the breeding hogs until they become commercially productive and breedable are capitalized. When these breeding hogs are entered into breeding and farrowing production, amortization of the costs of these breeding hogs commences. The estimated production life for breeding hogs is three years, and the costs are amortized to a residual value of $76 (RMB 500). After the breeding hogs have completed their production life of breeding, these breeding hogs are then transferred into inventory as the vast majority of these breeding hogs will then be sold for meat processing. Expenses incurred maintaining breeding hogs during gestation until piglets are weaned are capitalized into inventory and included in Work in process—biological assets, a component of inventories. If these breeding hogs produce piglets which are deemed appropriate for internal breeding purposes, the gestation and raising costs until weaned for these piglets are then allocated into biological assets.
	Amortized expenses pertaining to biological assets are included in inventory costs for those piglets to be sold and ultimately become a component of cost of goods sold.
	Land Use Rights
	According to the laws of the PRC, the government owns all the land in the PRC. Companies or individuals are authorized to possess and use the land only through land use rights granted by the Chinese government. Land use rights are being amortized using the straight-line method over their lease terms.
	The Company carries land use rights at cost less accumulated amortization. In accordance with US GAAP, the Company examines the possibility of decreases in the value of land use rights when events or changes in circumstances reflect the fact that their recorded value may not be recoverable. The Company computes amortization using the straight-line method over the 50 year life of the land use rights.
	Impairment of Long-lived Assets
	In accordance with US GAAP, the Company periodically reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. For the year ended December 31, 2013, the Company had recorded impairment charges of $1,490,034 and $38,769 at its plant and equipment and construction in progress.
	Fair Value of Financial Instruments
	Effective January 1, 2008, the Company adopted ASC 820, Fair Value Measurements and Disclosure (“ASC 820”) for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.
	ASC 820 defines fair value as the price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below:
	Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities
	Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data
	Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.
	The Company did not identify any assets and liabilities that are required to be presented on the condensed consolidated balance sheets at fair value in accordance with the relevant accounting standards.
	The carrying values of cash and cash equivalents, trade receivables and payables, and short-term bank loans and debts approximate their fair values due to the short maturities of these instruments.
	Non-controlling Interest
	Non-controlling interests in the Company’s subsidiaries are recorded in accordance with the provisions of ASC 810 and are reported as a component of equity, separate from the parent’s equity. Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions. Results of operations attributable to the non-controlling interest are included in our consolidated results of operations and, upon loss of control, the interest sold, as well as interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings.
	Revenue Recognition
	The Company generates revenues from the business of breeding, raising, and selling hogs for use in Chinese pork meat production and the sale of hogs for breeding by other hog producers. From September 30, 2011 until June 15, 2012, the Company also generated revenue from selling processed pork products to retailers. Starting from the second quarter of 2013, the Company resumed its retail operations to sell processed pork products to retailers.
	Revenues generated from the sales of breeding and meat hogs and processed pork are recognized when these products are delivered to customers in accordance with previously agreed upon pricing and delivery arrangements, and the collectability of these sales is reasonably assured. Cash payment, which sometimes is in the form of wired cash transfers to the Company’s bank account, is usually received by the Company at the time the hogs are sold. Sold hogs and processed pork are not returnable and accordingly, no provision has been made for returnable goods. The customers are responsible for the shipping of the hogs that they have purchased.
	Collaborative Arrangements
	The Company evaluates whether an arrangement is a collaborative arrangement under FASB ASC Topic 808, Collaborative Arrangements, at its inception based on the facts and circumstances specific to the arrangement. The Company also reevaluates whether an arrangement qualifies or continues to qualify as a collaborative arrangement whenever there is a change in either the roles of the participants or the participants’ exposure to significant risks and rewards dependent on the ultimate commercial success of the endeavor. For those collaborative arrangements where it is determined that the Company is the principal participant, costs incurred and revenue generated from third parties are recorded on a gross basis in the financial statements.
	The Company’s collaboration agreements with third parties are performed on a ‘‘best efforts’’ basis with no guarantee of either technological or commercial success.
	Payments to and from the Company’s collaboration partners are presented in the statements of income based on the nature of the arrangement (including its contractual terms), the nature of the payments and applicable accounting guidance. Under the collaborative agreement with An Puluo, the Company was the principal in the transaction and the Company recorded revenues when An Puluo sold the product and title passed to its customer. The Company and An Puluo share the profit from this collaborative business and all profit sharing to An Puluo was recorded as part of Cost of sales in the Company’s consolidated statements of income. On June 15, 2012, the Company terminated the collaborative agreement with An Puluo.
	In accordance with the Company’s collaborative agreement with An Puluo, the Company was able to establish retail operations within existing retail facilities with whom An Puluo had ongoing business arrangements. In these retail facilities, the Company is permitted to retail pork products. The owners of these retail facilities are responsible for collection of all retail sales made by the Company. These retail facilities are responsible for remitting to the Company the sales revenue that they collect on behalf of the Company, less any fees for operating a retail operation in their facility. The receivable as of June 15, 2012, along with all assets and liabilities generated and incurred under the collaborative arrangement, has been assumed by An Puluo after the Company terminated the collaborative arrangement as An Puluo has the capacity to operate a retail operation. Net assets and liabilities that arose under this terminated collaborative arrangement have been resolved as of December 31, 2012 and are reflected as $0 in net assets and liabilities of discontinued operations.
	According to the agreement, the Company and An Puluo share the net income of the collaborative retail business on a ratio of 60% to the Company and 40% to An Puluo. Profit sharing to An Puluo during the year ended December 31, 2012 was $15,672. The profit sharing payable though June 15, 2012 has been resolved with An Puluo as part of the termination of the collaborative arrangement.
	Segment Information
	The Company follows FASB ASC 280-Segment Reporting, which requires that companies disclose segment data based on how management makes decision about allocating resources to segments and evaluating their performance. The Company’s management has determined that as of December 31, 2012 their operations are in one segment, that of hog farming. While the Company operated under the collaboration agreement with An Puluo it operated under two segments, that of hog farming and retail pork product sales. Subsequent to the cancellation of the collaboration agreement on June 15, 2012, the Company operates in the hog farming segment only.
	In the second and third quarters of 2013, the Company entered into distribution agreements with supermarkets whereby the Company is permitted to sell processed pork products in the supermarkets’ retail facilities. Consequently, management has determined that the Company is now operating in two segments, hog farming and  retail.
	Income Taxes
	The Company accounts for income taxes under the provisions of Section 740-10-30 of the FASB Accounting Standards Codification, which is an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in its financial statements or tax returns. The Company did not have any deferred tax assets or liabilities as of December 31, 2013 and 2012.
	The Company is subject to the Enterprise Income Tax law (“EIT”) of the People’s Republic of China. However, according to the EIT, companies that are engaged in the agricultural business and primary processing of agricultural products are exempt from the 25% enterprise income tax. The Company is engaged in breeding, raising, and selling hogs for use in Chinese pork meat production and hog breeding, which is exempt from the Chinese income tax. Tianli is incorporated in the British Virgin Islands. Under the current tax laws of the British Virgin Islands, the Company is not subject to income taxes.
	In addition, the Company is not subject to the PRC’s 17% VAT tax for hog sales or the 5% business tax levied on incomes from services rendered. According to the PRC tax regulations, companies engaging in the agricultural business are exempt from these taxes. With respect to the Company’s retail operations, the Company is engaged in breeding, processing, and distributing black hogs and black hog meats which are exempt from VAT taxes and corporate income tax as well.
	Basic and Diluted Earnings per Share
The Company reports earnings per share in accordance with FASB ASC 260 “Earnings per share”. The Company’s basic earnings per share are computed using the weighted average number of shares outstanding for the periods presented. Diluted earnings per share are computed based on the assumption that any dilutive options or warrants were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, the Company’s outstanding stock warrants are assumed to be exercised, and funds thus obtained were assumed to be used to purchase common stock at the average market price during the period. There were no dilutive instruments outstanding during the years ended December 31, 2013 and 2012.
Foreign Currency Translation
As of December 31, 2013 and 2012, the accounts of Tianli were maintained and its financial statements were expressed in Chinese Renminbi (RMB). Such financial statements were translated into United States Dollars (USD) in accordance with US GAAP, with the RMB as the functional currency. All assets and liabilities are translated at the current exchange rates as of the balance sheet dates. These rates were RMB 6.11 per US dollar and RMB 6.30 per US dollar as of December 31, 2013 and 2012, respectively. Stockholders’ equity is translated at the historical rates and items in the statements of operations and cash flows are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with US GAAP as a component of stockholders’ equity.
During the years ended December 31, 2013 and 2012, the transactions of Tianli were denominated and recorded in RMB and are translated at the average rates of exchange for the period. There rates were RMB 6.19 and RMB 6.30 per US dollar for the years ended December 31, 2013 and 2012, respectively. Exchange gains and losses are recognized for the different foreign exchange rates applied when the foreign currency assets and liabilities are settled. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.
Stock Based Compensation
In December 2004, the Financial Accounting Standards Board, or FASB, issued FASB ASC 718-10-55 - Compensation-Stock Compensation, or ASC 718-10-55. Under ASC 718-10-55, companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share-based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. In addition, FASB ASC 825-10-50-10 – Financial Instruments – Overall – Disclosures, or ASC 825-10-50-10, expresses views of the Securities and Exchange Commission, or the SEC, staff regarding the interaction between ASC 718-10-55 and certain SEC rules and regulations and provides the staff's views regarding the valuation of share-based payment arrangements for public companies. The Company’s compensation cost is measured on the date of grant at its fair value. Such compensation amounts, if any, are amortized over the respective vesting periods or period of service of the option grant.
Contingencies
Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and legal counsel assess such contingent liabilities, and such assessments inherently involve an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought.
If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed.
Loss contingencies considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be disclosed.
Accrual of Environmental Obligations
ASC Section 410-30-25 “Recognition” of environmental obligations requires the accrual of a liability if both of the following conditions are met:
a)          Information available before the financial statements are issued or are available to be issued indicates that it is probable that an asset has been impaired or a liability has been incurred at the date of the financial statements.
b)          The amount of the loss can be reasonably estimated.
As of December 31, 2013 and 2012, the Company did not have any environmental remediation obligations, nor did it have any asset retirement obligations under ASC 410. Furthermore, the Company did not have any environmental remediation loss contingencies requiring recognition or disclosure in its financial statements.
Recently Issued Accounting Pronouncements
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date , clarifying how entities are required to measure obligations resulting from joint and several liability arrangements and outlining the required disclosures around these liabilities. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company does not believe this ASU will have a significant impact on the Company’s financial statements.
In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2013-02, “Other Comprehensive Income (Topic 220)” (“ASU 2013-02”). The objective of ASU 2013-02 is to improve the reporting of reclassifications out of accumulated other comprehensive income. ASU 2013-02 seeks to attain that objective by requiring an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. generally accepted accounting principles (GAAP) to be reclassified in its entirety to net income in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. ASU 2013-02 was effective prospectively for the Company in its first quarter of 2013. The adoption ASU 2013-02 did not impact the consolidated financial statements.
In March 2013, the FASB issued ASU No. 2013-05, Foreign Currency Matters, (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity, to resolve a diversity in accounting for the cumulative translation adjustment of foreign currency upon derecognition of a foreign subsidiary or group of assets. ASU 2013-05 requires the parent to apply the guidance in Subtopic 830-30 to release any related cumulative translation adjustment into net income when a reporting entity (parent) ceases to have a controlling financial interest in a subsidiary or group of assets within a foreign entity. Accordingly, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. Further, ASU 2013-05 clarified that the parent should apply the guidance in subtopic 810-10 if there is a sale of an investment in a foreign entity, including both (1) events that result in the loss of a controlling financial interest in a foreign entity and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date. Accordingly, the cumulative translation adjustment should be released into net income upon the occurrence of those events. The guidance is effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013. The guidance should be applied prospectively to derecognition events occurring after the effective date. Prior periods should not be adjusted. Early adoption is permitted. If an entity elects to early adopt the guidance, it should apply the guidance as of the beginning of the entity's fiscal year of adoption. The Company does not expect ASU 2013-05 to have a significant impact on its consolidated results of operations and financial condition.
In July 2013, the FASB issued Accounting Standards Update 2013-11, “Income Taxes (Topic 740)—Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). The objective of ASU 2013-11 is to eliminate diversity in practice of presenting unrecognized tax benefits as a liability or presenting unrecognized tax benefits as a reduction of a deferred tax asset for a net operating loss or tax credit carryforward in certain circumstances by requiring that an unrecognized tax benefit be presented in the financial statements as a reduction to deferred tax assets excluding certain exceptions. ASU 2013-11 will be effective prospectively for the Company in its first quarter of 2014. The Company does not expect ASU 2013-11 to have a material effect on its financial statements.
The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its audited consolidated financial statements.

3_DISCONTINUED_OPERATIONS

3. DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 3. DISCONTINUED OPERATIONS	'
	On June 15, 2012, the Company entered into a termination agreement with An Puluo to terminate its collaborative agreement retail business.
	Pursuant to the termination agreement, the Company cancelled the collaborative agreement with An Puluo. After the termination, the Company no longer had any operations in a retail segment. As of June 15, 2012, the Company had realized accumulated retained earnings of $240,286 from its collaborative arrangement with An Puluo since the inception of the collaboration.
	In accordance with Accounting Standard Codification (“ASC”) 360 (Formerly FAS 144) of Financial Accounting Standards Board (“FASB”), Accounting for Impairment or Disposal of Long-Lived Assets, the Company has reflected the An Puluo collaboration agreement, formerly the Company’s retail segment, as discontinued operations with results of operations reflected in the consolidated statements of operations through the date of the sale as discontinued operations for all periods presented. The assets, liabilities and equity of the retail segment in the Company’s consolidated balance sheets as of December 31, 2012 have been reclassified as discontinued operations. The cash flows from discontinued operations have also been reclassified. The Company has recorded a gain from operations of the discontinued operation, net of income taxes, of $0 and $39,179, for the years ended December 31, 2013 and 2012, respectively.
	The following table presents the revenues and net gain from discontinued operations for the periods presented:
			For the Year Ended December 31,
			2013		2012
	Revenues	$	-	$	1,902,575
	Net gain from discontinued operations	$	-	$	39,179

4_ACCOUNTS_RECEIVABLE

4. ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 4. ACCOUNTS RECEIVABLE	'
	Accounts receivable consisted of the following:
			December 31,
			2013		2012
	Accounts receivable	$	266,785	$	158,047
	Less: Allowance for doubtful accounts		-10,178		-
		$	256,607	$	158,047

5_INVENTORIES

5. INVENTORIES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 5. INVENTORIES	'
	Inventories consisted of the following:
			December 31,
			2013		2012
	Raw materials	$	1,750,125	$	1,678,406
	Work in process—biological assets		4,643,256		4,385,742
	Infant hogs		4,968,112		4,168,745
	Finished goods—processed pork products		209,205		-
	Less: inventory reserve		-85,912		-
		$	11,484,786	$	10,232,893
	Management compares the cost of inventories with the market value, and allowance is made for writing down the inventories to their market value, if lower. As of December 31, 2013 and 2012, the Company determined that there were write downs of $85,912 and $0, respectively. The term “Work in process—biological assets” has the meaning set forth above in Note 2—Biological Assets.

6_ADVANCES_TO_SUPPLIERS

6. ADVANCES TO SUPPLIERS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 6. ADVANCES TO SUPPLIERS	'
	The Company makes advances for materials or services the Company uses in its operations. Advances to suppliers mainly consisted of prepayments to suppliers for merchandise and raw materials which were mainly comprised of premix feeds. As of December 31, 2013 and 2012, advances to suppliers amounted to $1,612,492 and $189,094, respectively.
	Included in advances to suppliers as of December 31, 2013, we had prepaid $1,440,167 to the Company’s premix feed supplier. The balance as of December 31, 2012 included deposits of $177,191 for the purchase of breeding hogs.

7_OTHER_RECEIVABLES

7. OTHER RECEIVABLES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 7. OTHER RECEIVABLES	'
	At December 31, 2013 and 2012, the Company reported other receivables of $1,181,078 and $208,325, respectively, including an allowance for doubtful receivables of $61,485 and $55,547.
	The balances as of December 31, 2013 and 2012 included a deposit of $163,655 and $158,702 to a professional loan guarantee service company for obtaining a short-term loan from Shanghai Pudong Development Bank.
	In August 2013, the Company entered into a promotional agreement with a marketing company to prepare a series of nationwide promotional activities to promote “Tianli-Xiduhei” black hogs for the 2014 Chinese New Year holiday. According to the agreement, the Company provided a security deposit of $981,932 to the marketing company as of December 31, 2013. The deposit had been returned at March 7, 2014 after the end of the promotional activities.

8_RESTRICTED_CASH

8. RESTRICTED CASH	12 Months Ended
	Dec. 31, 2013
Cash and Cash Equivalents [Abstract]	'
8. RESTRICTED CASH	'
	At December 31, 2013 and 2012, the Company reported restricted cash of $0 and $793,512, respectively. The restricted cash as of December 31, 2012 was a deposit as part of collateral for the short-term loan from Shanghai Pudong Development Bank.

9_PLANT_AND_EQUIPMENT

9. PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 9. PLANT AND EQUIPMENT	'
	Plant and equipment consist of the following:
			December 31,
			2013		2012
	Buildings	$	26,254,084	$	25,219,192
	Vehicles		738,438		693,742
	Office equipment		535,206		535,870
	Production equipment		2,618,167		2,931,485
			30,145,895		29,380,289
	Less: Accumulated depreciation		-6,960,163		-4,979,716
		$	23,185,732	$	24,400,573
		(i)	Depreciation expense was $2,251,119 and $1,597,411 for the years ended December 31, 2013 and 2012, respectively. $1,172,158 and $1,173,343 of depreciation expense was capitalized into inventories during the years ended December 31, 2013 and 2012.
		(ii)	Impairment charge
	On November 6, 2013, the Animal Husbandry and Veterinary Bureau of Caidian District, Wuhan City, directed the Company to close one of the Company's farms located in the Caidian District. The Company is advised that all agricultural and manufacturing activities in the area of Dacha Lake in the Caidian District is being ordered to shut down before the end of 2013 as part of the government's effort to restore the lake to its natural condition.
	During the course of the Company's strategic review of its operations and consideration of the November 6 2013 notice from the Animal Husbandry and Veterinary Bureau of Caidian District, the Company assessed the recoverability of the carrying value of certain property, plant and equipment which resulted in impairment losses of $1,490,034 and $0 for the years ended December 31, 2013 and 2012, respectively. The impairment charge represented the excess of carrying amounts of the Company's property, plant and equipment over the estimated fair value of the Company's hog farm in Caidian District.

10_CONSTRUCTION_IN_PROGRESS

10. CONSTRUCTION IN PROGRESS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 10. CONSTRUCTION IN PROGRESS	'
	Construction in progress consists of amounts expended for the construction of new breeding and animal rearing facilities. Once construction is completed and the facilities are approved to be used for breeding and animal rearing activity, the construction in progress assets are placed into production and transferred into plant and equipment, whereupon they are depreciated over their estimated useful lives. As of December 31, 2013 and 2012, the construction in progress was $50,897 and $1,655,901, respectively. Included in this amount were:
		-	$50,897 and $38,089 as of December 31, 2013 and 2012 for upgrading the feed processing facility and improvements of several of the Company’s hog farms; and
		-	$0 and $1,617,812 as of December 31, 2013 and 2012, respectively, funding to local independent farmers to construct small-scale hog farms. Since 2011, the Company had signed 8 joint development agreements, for periods of approximately 10 years, with 8 local cooperatives in the Enshi Autonomous Prefecture in Hubei Province whereby the Company, the relevant governmental agencies and the cooperatives will assist participating farmers to breed and raise Enshi black hogs which will be purchased by the Company for resale as meat hogs or retained or sold as breeders at the Company’s discretion. Under these agreements, the Company provides funds to local independent farmers to construct small-scale hog rearing facilities, within the cooperatives, which are sufficient for the Company’s requirements to grow black hogs for sale to the Company. Pursuant to these joint development agreements, title to the physical plant and equipment included in these small-scale hog rearing facilities belongs to the Company while the local cooperatives (and the individual farmers) have the right to use them. As of December 31, 2013 and 2012, the Company has expended a total of $11.32 million and $10.54 million to build these hog rearing facilities. With respect to three of the cooperatives located in Xianfeng County, Enshi Autonomous Prefecture, the Company has purchased $1.32 million of hog rearing facilities and equipment that has been completed and is operational and included in plant and equipment as of December 31, 2013. With regard to four of the cooperatives located in Laifeng County, Enshi Autonomous Prefecture, the Company has purchased $10 million of hog rearing facilities and equipment that has been completed and recorded as part of plant and equipment as of December 31, 2013.
	According to the joint development agreements, each participating farmer paid a deposit of approximately one-third of the construction cost of the hog farm to the Company upon completion of the respective hog farm. The deposit is amortized against the depreciation expense over a period of 10 years. Should the farmer withdraw from the program within this period, the deposit will be refunded proportionately. As of December 31, 2013 and 2012, deposits from farmers were $3,255,504 and $2,893,014, respectively, and were included in other payables.

11_BIOLOGICAL_ASSETS

11. BIOLOGICAL ASSETS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 11. BIOLOGICAL ASSETS	'
	Biological assets consist of the following:
			December 31,
			2013		2012
	Breeding hogs	$	7,120,342	$	6,779,893
	Less: Accumulated amortization		-3,843,502		-2,422,047
		$	3,276,840	$	4,357,846
	As of December 31, 2013 and 2012, $1,141,878 and $552,548 of breeding hogs was a breed of black hogs. Amortization of the biological assets, included as a component of inventory, for the years ended December 31, 2013 and 2012 was $1,328,450 and $1,321,865, respectively. $1,328,450 and $1,321,865 of amortization of the biological assets was capitalized into inventories during the years ended December 31, 2013 and 2012.

12_LONGTERM_PREPAID_EXPENSES

12. LONG-TERM PREPAID EXPENSES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 12. LONG-TERM PREPAID EXPENSES	'
	Long-term prepaid expenses primarily consist of prepaid rental expenses for three parcels of land comprising the Company’s eleventh farm. The prepaid rental expenses are being amortized using the straight-line method over the lease term of 21.33 years.
	Long-term prepaid expenses at December 31, 2013 and 2012 are as follows:
			December 31,
			2013		2012
	Long-term prepaid rental expenses	$	1,835,644	$	1,780,089
	Office decoration expenses		-		85,700
			1,835,644		1,865,789
	Less: Accumulated amortization		-229,456		-184,301
		$	1,606,188	$	1,681,488
	Amortization expense for the years ended December 31, 2013 and 2012 was $84,932 and $112,292, respectively.
	The estimated amortization expense of long-term prepaid expenses over each of the next five years and thereafter will be $84,932 per annum.

13_INTANGIBLE_ASSETS

13. INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 13. INTANGIBLE ASSETS	'
	According to the laws of PRC, the government owns all the land in PRC. Companies or individuals are authorized to possess and use the land only through land use rights granted by the Chinese government. Land use rights are being amortized using the straight-line method over the lease term of 50 years.
	Land use rights at December 31, 2013 and 2012 are as follows:
			December 31,
			2013		2012
	Land use rights	$	1,735,042	$	1,682,532
	Less: Accumulated amortization		-254,411		-196,759
		$	1,480,631	$	1,485,773
	Amortization expense for the years ended December 31, 2013 and 2012 was $50,845 and $49,822, respectively.
	The estimated amortization expense of land use rights over each of the next five years and thereafter will be $50,845 per annum.

14_SHORTTERM_LOANS

14. SHORT-TERM LOANS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 14. SHORT-TERM LOANS	'
	As of December 31, 2013 and 2012, the short-term loans are as follows:
			December 31,
			2013		2012
	Loan payable to Wuhan Rural Commercial Bank, annual interest rate of 9.184%, due by May 23, 2013, guaranteed by Wuhan Science and Technology Guarantee Co., Ltd.	$	-	$	761,772
	Loan payable to Wuhan Rural Commercial Bank, annual interest rate of 8.100%, due by July 22, 2013, guaranteed by Xin Zhang		-		825,253
	Loan payable to Shanghai Pudong Development Bank, annual interest rate of 6%, due by July 9,  2013, guaranteed by Wuhan Agriculture Guarantee Co., Ltd., Xin Zhang, and Hangyin Li with collateral of $793,512 restricted cash		-		1,587,025
	Loan payable to Shanghai Pudong Development Bank, annual interest rate of 6%, due by August 12,  2013, guaranteed by Wuhan Agriculture Guarantee Co., Ltd., Xin Zhang, and Hangyin Li with collateral of $793,512 restricted cash		-		2,340,861
	Loan payable to Communication Bank of China, annual interest rate of 7.8%, due by November 22,  2013, guaranteed by Wuhan Agriculture Guarantee Co., Ltd.		-		1,587,024
	Loan payable to Wuhan Rural Commercial Bank, annual interest rate of 8.4%, due by June 19, 2014, guaranteed by Wuhan Science and Technology Guarantee Co., Ltd.		785,546		-
	Loan payable to Shanghai Pudong Development Bank, annual interest rate of 7.2%, due by December 4,  2014, guaranteed by Wuhan Agriculture Guarantee Co., Ltd. and Tianzhili,, secured by certain assets of the Company.		1,636,554		-
	Loan payable to Communication Bank of China, annual interest rate of 7.28%, due by December 16, 2014, guaranteed by Wuhan Science and Technology Guarantee Co., Ltd.		1,636,554		-
	Loan payable to Wuhan Rural Commercial Bank, annual interest rate of 8.4%, due by November 6, 2014 with collateral provided by Mr. Xin Zhang.		851,008		-
	Loan payable to Industrial and Commercial Bank of China, annual interest rate of 7.8%, due by December 3, 2014, with collateral provided by Wuhan East Lake Hi-Tech Innovation Center		1,472,899		-
		$	6,382,561	$	7,101,935
	In 2013, the Company paid $40,914 and $49,097 to guarantee service providers for providing the guarantee of the loans from Shanghai Pudong Development Bank and Communication Bank of China. In 2012, the Company paid $161,357 and $31,729 to guarantee service providers for providing the guarantee of the loans from Shanghai Pudong Development Bank and Communication Bank of China.

15_ACCOUNTS_PAYABLE_AND_ACCRUE

15. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 15. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	'
	As of December 31, 2013 and 2012, accounts payable and accrued liabilities are as follows:
			December 31,
			2013		2012
	Accounts payable	$	157	$	146,568
	Other taxes payable		542		571
	Others		48,197		43,672
		$	48,896	$	190,811

16_OTHER_PAYABLES

16. OTHER PAYABLES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 16. OTHER PAYABLES	'
	Other payables at December 31, 2013 and 2012 were $3,309,246 and $2,893,332, respectively. Included in other payables as of December 31, 2013 and 2012 were mainly deposit payables of $3,255,504 and $2,893,014.
	Since the year ended December 31, 2011, the Company signed 7 joint development agreements with 7 local cooperatives in the Enshi Autonomous Prefecture in Hubei Province. Under these agreements, the Company provides funding to local independent farmers to construct small-scale hog farms in which the farmers will grow the black hogs for sale to the Company.
	According to the joint development agreements, each participating farmer paid a deposit of approximately one-third of the construction cost of the hog farm to the Company upon completion of the respective hog farm. The deposit is amortized against the depreciation expense over a period of 10 years. Should the farmer withdraw from the program within this period, the deposit will be refunded proportionately. As of December 31, 2013 and 2012, deposits from farmers were $3,255,504 and $2,893,014, respectively.
	The amortization of deposit payables for the years ended December 31, 2013 and 2012 was $429,488 and $73,541. The following table sets forth the aggregate future amortization expected for the next five years:
			Amortization
	2014	$	358,991
	2015	$	358,991
	2016	$	358,991
	2017	$	358,991
	2018	$	358,991
	Thereafter	$	1,460,549

17_RELATED_PARTY_TRANSACTIONS

17. RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 17. RELATED PARTY TRANSACTIONS	'
	Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operational decisions. Parties are also considered to be related if they are subject to common control or common significant influence. The amount due to related party was $139,430 and $125,842 as of December 31, 2013 and 2012, respectively. The amount represented the advances from the Company’s shareholder and chief executive officer, Hanying Li, for operating purpose. Such advances are non-interest bearing and due upon demand.
	Wuhan East Lake Hi-Tech Innovation Center whose actual controller is Mr. Wei Gong, a shareholder of the Company, provided its owned real assets as collateral for the Company’s short-term bank loan of $1,472,899 with Industrial and Commercial Bank of China.

18_CAPITAL_STOCK

18. CAPITAL STOCK	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 18. CAPITAL STOCK	'
	The Company is authorized to issue 50,000,000 shares of common stock, $0.001 par value, and as of December 31, 2013 and 2012, it had 13,964,000 shares and 11,194,000 shares issued and outstanding, respectively.
	The Company granted to its investor relation firm 44,000 shares of the Company’s common stock for services to be rendered up through October 2011 pursuant to an agreement made in October 2010. The shares were valued at $234,080 and amortized over the service term. The amortization of this grant was $234,080 for the year ended December 31, 2011. In July 2011, the Company issued 10,000 shares of the 44,000 shares to the investor relationship consulting firm. The remaining 34,000 shares were issued on October 11, 2012.
	On December 6, 2010 the Company granted 26,000 options with exercise price of $6.00 to a director with vesting of one-third as of the date of grant, one-third vesting in December 2011, and the final one-third vesting in December 2012, contingent on the director continuing to serve as a board member. The option can be exercised through January, 2017. The Company recognizes the compensation cost over the award’s service period and for the year ended December 31, 2012 and 2011, the amortization of these options amounted to $21,373 and $21,374, respectively, based on a Black Scholes valuation of the options as of the date of the grant.
	On July 12, 2012, the Company issued 1,000,000 shares of common stock as compensation to its consultants and employees, comprised of 960,000 shares to marketing consultants for black hog sales and 40,000 shares to its employees. The Company recognizes the compensation cost of $1,130,000 as part of its selling expense.
	On October 11, 2012, the Company issued 25,000 shares of the Company’s common stock to the investor relationship consulting firm for its 2012 consulting services. The shares were valued at $37,000 and recognized as compensation cost as part of the Company’s general and administrative expenses.
	On August 15, 2013, the Company issued 10,000 shares of the Company’s common stock to the investor relationship consulting firm for its 2013 consulting services. The shares were valued at $6,900 and recognized as compensation cost as part of the Company’s general and administrative expenses.
	On October 28, 2013, the Company sold and issued 2,760,000 shares of the Company’s common stock to Mr. Wei Gong at $1.16 per share. The shares were valued at $3,201,600.
	The fair value of the director options and the placement agent warrants were estimated as of the grant date using the Black Scholes options pricing model. The determination of the fair value is affected by the price of the Company’s common stock at the date of the grant as well as assumptions made regarding the expected price volatility of the common stock over the terms of the grant, the risk-free interest rate and any expected dividends.
	The table below provides the estimated fair value of the director options, and the significant assumptions used to determine their values.
		Director Options	Placement Agent Warrants
	Estimated Fair Value Per Option or Warrant	$2.47	$0.56
	Stock Price at Date of Grant	$5.66	$4.36
	Assumptions:
	Dividend Yield	0%	0%
	Stock Price Volatility	50.80%	31.30%
	Risk-Free Interest Rate	1.60%	1.40%
	The following table summarizes the stock options and warrants outstanding as of December 31, 2013 and 2012 and the activity during the year ended December 31, 2013.
		Options		Weighted Average Exercise Price	Warrants		Weighted Average Exercise Price
	Outstanding as of December 31, 2012	26,000	$	6	210,000	$	7.21
	Granted	-		-	-		-
	Exercised	-		-	-		-
	Forfeited	-		-	-		-
	Outstanding at December 31, 2013	26,000	$	6	210,000	$	7.21
	Exercisable at December 31, 2013	26,000	$	6	210,000	$	7.21
	The weighted average remaining contractual life for the options and the warrants is 3 years and 1.5 years, respectively. The market value of the Company’s common stock was $2.18 and $0.85 as of December 31, 2013 and 2012, respectively. The intrinsic value of the outstanding options and the warrants as of December 31, 2013 and 2012 was $0.

19_STATUTORY_RESERVES

19. STATUTORY RESERVES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 19. STATUTORY RESERVES	'
	As stipulated by the Company Law of the PRC, net income after taxation can only be distributed as dividends after appropriation has been made for the following:
		•	Making up cumulative prior years’ losses, if any;
		•	Allocations to the “Statutory surplus reserve” of at least 10% of income after tax, as determined under PRC accounting rules and regulations, until the fund amounts to 50% of the Company’s registered capital;
		•	Allocations to the discretionary surplus reserve, if approved by the stockholders;
		•	The transfer to this reserve must be made before distribution of any dividend to shareholders. 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 shareholding or by increasing the par value of the shares currently held by them, provided that the remaining reserve balance after such issue is not less than 25% of the registered capital.
	In accordance with the Chinese Company Law, the Company has allocated 10% of its net income as the statutory reserve contributions. The reserves amounted to $2,416,647 as of December 31, 2013 and 2012.

20_CERTAIN_RISKS_AND_CONCENTRA

20. CERTAIN RISKS AND CONCENTRATION	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 20. CERTAIN RISKS AND CONCENTRATION	'
	Credit risk and major customers
	As of December 31, 2013 and 2012, 100% and 97% of the Company’s cash including cash on hand and deposits in accounts were maintained within the PRC where there is currently no rule or regulation in place for obligatory insurance to cover bank deposits in the event of a bank’s failure. However, the Company has not experienced any such losses and believes it is not exposed to any significant risks on its cash in bank accounts
	The Company’s key customers are principally hog brokers, hog farmers and slaughterhouses, all of which are located in the PRC. The Company has not entered into long-term supply contracts with any of these major customers.
	During the year ended December 31, 2013, there was no customer that accounted for more than 10% of the Company’s revenue. For the year ended December 31, 2012, there were two customers that accounted for more than 10% of the Company’s revenue, Wuhan Mingxiang Meat Factory Co. Ltd. and Wuhan Huangpi Hengdian Zhongxin slaughter house.
	Risk arising from operations in foreign countries
	Substantially all of the Company’s operations are conducted in China. The Company’s operations are subject to various political, economic, and other risks and uncertainties inherent in China. Among other risks, the Company’s operations are subject to the risks of restrictions on transfer of funds; changing taxation policies; foreign exchange restrictions; and political conditions and governmental regulations.
	Risk arising from contractual arrangements with Fengze
	The Company conducts substantially all of its operations, and generates substantially all of its revenues, through contractual arrangements with Fengze that provide the Company with effective control over Fengze. The Company depends on Fengze to hold and maintain contracts with its customers. Fengze owns substantially all of the Company’s intellectual property, facilities and other assets relating to the operation of the Company’s business, and employs the personnel for substantially all of its business. Neither Tianli, nor HCS nor WFOE has any ownership interest in Fengze. Although WFOE’s contractual arrangements with Fengze are valid, binding and enforceable under current PRC laws and regulations, these contractual arrangements may not be as effective in providing the Company with control over Fengze as direct ownership of Fengze would.

21_GOVERNMENT_SUBSIDIES

21. GOVERNMENT SUBSIDIES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 21. GOVERNMENT SUBSIDIES	'
	The Company received subsidies of $107,584 and $218,605 in the years ended December 31, 2013 and 2012, respectively for recurring breeder hog subsidies. All such subsidies are recorded as “subsidy income” in the financial statements.

22_COMMITMENTS_AND_CONTINGENCI

22. COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note 22. COMMITMENTS AND CONTINGENCIES	'
	General
	The Company follows ASC 450, Accounting for Contingencies, in determining its accruals and disclosures with respect to loss contingencies. Accordingly, estimated losses from loss contingencies are accrued by a charge to income when information available prior to issuance of the financial statements indicates that it is probable that a liability could be been incurred and the amount of the loss can be reasonably estimated. Legal expenses associated with the contingency are expensed as incurred. If a loss contingency is not probable or reasonably estimable, disclosure of the loss contingency is made in the financial statements when it is at least reasonably possible that a material loss could be incurred. The Company has not accounted for any loss contingencies as of December 31, 2013 and 2012.
	Lease obligations
	The Company leases office space that has a remaining term of nine years. Also as a condition of being the holder of the land use rights for its hog farms, the Company makes rental payments to the government over the term of the land use rights, which range from 19 years to 50 years. The Company does not have capital leases. In most cases, management expects that, in the normal course of business, leases will be renewed or replaced. Net rental expense relating to the Company’s operating leases for the years ended December 31, 2013 and 2012 was $84,535 and $84,516, respectively.
	The following table sets forth the aggregate minimum future annual rental commitments at December 31, 2013 under all non-cancelable leases for years ending December 31:
			Operating Leases
	2014	$	85,107
	2015	$	85,107
	2016	$	85,107
	2017	$	84,905
	2018	$	84,299
	Thereafter	$	1,540,053
	Capital expenditures
	The Company’s execution of the Enshi Black Hog program will require the Company to incur various costs and contribute various amounts to cover the costs of different aspects of the program as more fully described above. As of December 31, 2013 and 2012, the Company provided funds totaling $11.32 million and $10.54 million to local independent farmers to construct small-scale hog farms in which the farmers will grow the black hogs for sale to the Company. Upon satisfactory completion of these farms, these farms would become fixed assets of the Company. The Company expects that further funding for this program will be required later this year, and management believes that such funds will be available out of the cash flow generated by operations.
	Environmental matters
	Environmental laws and regulations to which the Company is subject mandate additional concerns and requirements of the Company. Failure to comply with applicable laws, regulations and permits can result in injunctive actions, damages and civil and criminal penalties. The laws and regulations applicable to the Company's activities change frequently and it is not possible to predict the potential impact on the Company from any such future changes.
	Although management believes that the Company is in material compliance with the statutes, laws, rules and regulations of every jurisdiction in which it operates, no assurance can be given that the Company’s compliance with the applicable statutes, laws, rules and regulations will not be challenged by governing authorities or private parties, or that such challenges will not lead to material adverse effects on the Company’s financial position, results of operations, or cash flows.
	The Company is not involved in any legal matters. While incapable of estimation, in the opinion of the management, the individual regulatory and legal matters in which it might be involved in the future are not expected to have a material adverse effect on the Company’s financial position, results of operations, or cash flows.

23_SEGMENT_INFORMATION

23. SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
23. SEGMENT INFORMATION	'
	The Company follows FASB ASC 280-Segment Reporting, which requires that companies disclose segment data based on how management makes decision about allocating resources to segments and evaluating their performance. As of December 31, 2013, we decided that we have two operating segments, “Hog Farming” and “Retail”. The hog farming segment consists of sales of our raised regular and black breeder hogs, raised regular and black market hogs and black hogs we bought from individual hog farmers for resale that were sold to meat processors. Our retail segment consists of the selling of processed black hog meat products to the public through refrigerators we established in the supermarkets. Additionally, we also include the selling of processed black hog meat products to restaurants, hotels and other retailers and through the internet in our retail segment.
	The Company primarily evaluates performance based on income before income taxes and excluding non-recurring items.
	Condensed financial information with respect to these reportable business segments for the years ended December 31, 2013 and 2012 is as follows:
	Year Ended December 31, 2013		Hog Farming		Retail		Consolidated
	Segment revenues	$	32,807,299	$	543,643	$	33,350,942
	Inter-segment revenues		-		-		-
	Revenues from external customers	$	32,807,299	$	543,643	$	33,350,942
	Segment income (loss)	$	-2,310,532	$	3,526	$	-2,307,006
	Unallocated corporate loss						-377,457
	Income before income taxes						-2,684,463
	Income taxes						-
	Net income					$	-2,684,463
	Other segment information:
	Depreciation and amortization	$	3,625,972	$	4,442	$	3,630,414
	Year Ended December 31, 2012		Hog Farming		Retail		Consolidated
	Segment revenues	$	26,529,423	$	-	$	26,529,423
	Inter-segment revenues		-		-		-
	Revenues from external customers	$	26,529,423	$	-	$	26,529,423
	Segment loss	$	252,859	$	-	$	252,859
	Unallocated corporate loss						-465,654
	Loss before income taxes						-212,795
	Income taxes						-
	Net loss					$	-212,795
	Other segment information:
	Depreciation and amortization	$	2,969,098	$	-	$	2,969,098
	As of December 31, 2013		Hog Farming		Retail		Consolidated
	Total segment assets	$	11,986,125	$	414,636	$	12,400,203
	Other unallocated corporate assets						457,179
						$	12,857,382
	Other segment information:
	Expenditures for segment assets	$	701,923	$	48,636	$	750,559
	As of December 31, 2012
	Total segment assets	$	52,877,904	$	-	$	52,877,904
	Other unallocated corporate assets						-
						$	52,877,904
	Other segment information:
	Expenditures for segment assets	$	8,951,657	$	-	$	8,951,657

24_SUBSEQUENT_EVENT

24. SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
24. SUBSEQUENT EVENT	'
	On January 22 and February 7, 2014, the Company renewed its loans with Shanghai Pudong Development Bank in the amount of $1,636,554. The loans are due January 21 and February 6, 2015 with interest at the annual rate of 8.4% and guaranteed by Wuhan Agriculture Guarantee Co., Ltd. and Tianzhili and secured by certain assets of the Company.

2_BASIS_OF_PRESENTATION_AND_SU1

2. BASIS OF PRESENTATION AND SUMMARY (Policies)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Basis of Presentation	'
	The accompanying consolidated financial statements have been prepared in conformity with US GAAP. The basis of accounting differs from that used in the statutory accounts of the Company, which are prepared in accordance with the accounting principles of the PRC (“PRC GAAP”). The Company’s functional currency is the Chinese Renminbi (“RMB”); however the accompanying consolidated financial statements have been translated and presented in United States Dollars (“USD”). All significant intercompany transactions and balances have been eliminated.
Use of Estimates	'
	The preparation of these financial statements in conformity with generally accepted accounting principles requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosure of contingent assets and liabilities at the date of these financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Accordingly, actual results may differ from these estimates. Significant estimates include the useful lives of property and equipment, land use rights and biological assets, and assumptions used in assessing impairment for long-term assets.
Principles of Consolidation	'
	Pursuant to US GAAP, Fengze is the VIE of the Company and the Company is the primary beneficiary of the VIE. Accordingly, the VIE has been consolidated in the Company’s financial statements.
	Based on various VIE agreements, the Company is able to exercise control over the VIE, and obtain the financial interests such as the periodic income of the VIE through the EMA, PEA, and OA and to acquire the net assets of VIE through purchase of their equities. The Company therefore concluded that its interest in the VIE is not a non-controlling interest and therefore is not classified as such. Based on the Exclusive Agreements the amount of controlling interest of the Fengze shareholders, who are holding shares of the VIE for the Company, is zero. They exercise no controls over the VIE and no financial interests of ownership are due to them either for periodic income or the net assets.
Cash and Cash Equivalents	'
	Cash and cash equivalents consist of all cash balances and highly liquid investments with an original maturity of three months or less. Because of the short maturity of these investments, the carrying amounts approximate their fair value. Restricted cash is excluded from cash and cash equivalents.
Accounts Receivable	'
	Accounts receivable is stated at cost, net of an allowance for doubtful accounts. The Company maintains allowances for doubtful accounts for estimated losses resulting from the failure of customers to make required payments. The Company reviews the accounts receivable on a periodic basis and makes allowances where there is doubt as to the collectability of individual balances. In evaluating the collectability of individual receivable balances, the Company considers many factors, including the age of the balance, the customer’s payment history, its current credit-worthiness and current economic trends.
	Management accrued allowance for doubtful accounts of $10,178 and $0 at December 31, 2013 and 2012.
Inventories	'
	Inventories are stated at the lower of cost, as determined by the weighted-average method, or market. Management compares the cost of inventories with the market value, and allowance is made for writing down the inventories to their market value if that is lower. Costs of raised animals include proportionate costs of breeding, including amortization of the breeding herd or biological assets, plus the costs of feed and other maintenance costs through the balance sheet date. Management inspects and monitors inventory on a continual basis.
Prepaid Expenses	'
	Prepaid expenses at December 31, 2013 and 2012 totaled $204,106 and $237,247, respectively, and includes prepayments to suppliers for services that had not yet been provided to us. We recognize prepayments as expense as suppliers provide services, in compliance with our accounting policy. For the years ended December 31, 2013 and 2012, the Company had amortized its prepaid insurance expense, warehouse leasing expense, and service expense of $352,513 and $294,065, respectively.
Advances to Suppliers	'
	Advances to suppliers at December 31, 2013 and 2012 totaled $1,612,492 and $189,094, respectively, and includes prepayments to suppliers for merchandise and raw materials that had not yet been shipped to us. We recognize prepayments as inventory or expense as suppliers make delivery of goods in compliance with our accounting policy. Included in advances to suppliers as of December 31, 2013 and 2012, we had prepaid $1,440,167 and $0, respectively, to the Company’s premix feed supplier.
Plant and Equipment	'
	The Company states plant and equipment at cost less accumulated depreciation. Expenditures for maintenance and repairs are charged to operations as incurred; additions, renewals and betterments are capitalized. When plant and equipment assets are retired or otherwise disposed of, the related cost and accumulated depreciation are removed from the respective accounts, and any resulting gain or loss is recorded as an operating expense. In accordance with US GAAP, the Company examines the possibility of decreases in the value of plant and equipment when events or changes in circumstances reflect the fact that their recorded value may not be recoverable. The Company computes depreciation using the straight-line method over the estimated useful lives of the assets with a residual value of 5% of plant and equipment.
	Estimated useful lives of the Company’s assets are as follows:
		Useful Life
	Buildings	20 years
	Vehicles	5 years
	Office equipment	5 years
	Production equipment	5-10 years
Construction in Progress	'
	Construction in progress consists of amounts expended for building construction of new breeding and animal rearing facilities. Once the building construction is completed and the facilities are approved for adequate breeding and animal rearing activity, the construction in progress assets are categorized as buildings and production equipment and are then accounted for in plant and equipment. Assets accounted for as plant and equipment are used in the Company’s production process, whereupon they are depreciated over their estimated useful lives.
Biological Assets	'
	Biological assets consist primarily of hogs purchased or selected from the Company’s own production for breeding and farrowing, which management believes will produce piglets that grow faster and have better quality breeding capabilities and carcasses with a high percentage of meat and a small quantity of fat. The costs to purchase and cultivate these breeding hogs and the expenditures related to labor and materials to feed the breeding hogs until they become commercially productive and breedable are capitalized. When these breeding hogs are entered into breeding and farrowing production, amortization of the costs of these breeding hogs commences. The estimated production life for breeding hogs is three years, and the costs are amortized to a residual value of $76 (RMB 500). After the breeding hogs have completed their production life of breeding, these breeding hogs are then transferred into inventory as the vast majority of these breeding hogs will then be sold for meat processing. Expenses incurred maintaining breeding hogs during gestation until piglets are weaned are capitalized into inventory and included in Work in process—biological assets, a component of inventories. If these breeding hogs produce piglets which are deemed appropriate for internal breeding purposes, the gestation and raising costs until weaned for these piglets are then allocated into biological assets.
	Amortized expenses pertaining to biological assets are included in inventory costs for those piglets to be sold and ultimately become a component of cost of goods sold.
Land Use Rights	'
	According to the laws of the PRC, the government owns all the land in the PRC. Companies or individuals are authorized to possess and use the land only through land use rights granted by the Chinese government. Land use rights are being amortized using the straight-line method over their lease terms.
	The Company carries land use rights at cost less accumulated amortization. In accordance with US GAAP, the Company examines the possibility of decreases in the value of land use rights when events or changes in circumstances reflect the fact that their recorded value may not be recoverable. The Company computes amortization using the straight-line method over the 50 year life of the land use rights.
Impairment of Long-lived Assets	'
	In accordance with US GAAP, the Company periodically reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. For the year ended December 31, 2013, the Company had recorded impairment charges of $1,490,034 and $38,769 at its plant and equipment and construction in progress.
Fair Value of Financial Instruments	'
	Effective January 1, 2008, the Company adopted ASC 820, Fair Value Measurements and Disclosure (“ASC 820”) for assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value and expands disclosure about such fair value measurements. The adoption of ASC 820 did not have an impact on the Company’s financial position or operating results, but did expand certain disclosures.
	ASC 820 defines fair value as the price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below:
	Level 1: Observable inputs such as quoted market prices in active markets for identical assets or liabilities
	Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data
	Level 3: Unobservable inputs for which there is little or no market data, which require the use of the reporting entity’s own assumptions.
	The Company did not identify any assets and liabilities that are required to be presented on the condensed consolidated balance sheets at fair value in accordance with the relevant accounting standards.
	The carrying values of cash and cash equivalents, trade receivables and payables, and short-term bank loans and debts approximate their fair values due to the short maturities of these instruments.
Non-controlling Interest	'
	Non-controlling interests in the Company’s subsidiaries are recorded in accordance with the provisions of ASC 810 and are reported as a component of equity, separate from the parent’s equity. Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions. Results of operations attributable to the non-controlling interest are included in our consolidated results of operations and, upon loss of control, the interest sold, as well as interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings.
Revenue Recognition	'
	The Company generates revenues from the business of breeding, raising, and selling hogs for use in Chinese pork meat production and the sale of hogs for breeding by other hog producers. From September 30, 2011 until June 15, 2012, the Company also generated revenue from selling processed pork products to retailers. Starting from the second quarter of 2013, the Company resumed its retail operations to sell processed pork products to retailers.
	Revenues generated from the sales of breeding and meat hogs and processed pork are recognized when these products are delivered to customers in accordance with previously agreed upon pricing and delivery arrangements, and the collectability of these sales is reasonably assured. Cash payment, which sometimes is in the form of wired cash transfers to the Company’s bank account, is usually received by the Company at the time the hogs are sold. Sold hogs and processed pork are not returnable and accordingly, no provision has been made for returnable goods. The customers are responsible for the shipping of the hogs that they have purchased.
Collaborative Arrangements	'
	The Company evaluates whether an arrangement is a collaborative arrangement under FASB ASC Topic 808, Collaborative Arrangements, at its inception based on the facts and circumstances specific to the arrangement. The Company also reevaluates whether an arrangement qualifies or continues to qualify as a collaborative arrangement whenever there is a change in either the roles of the participants or the participants’ exposure to significant risks and rewards dependent on the ultimate commercial success of the endeavor. For those collaborative arrangements where it is determined that the Company is the principal participant, costs incurred and revenue generated from third parties are recorded on a gross basis in the financial statements.
	The Company’s collaboration agreements with third parties are performed on a ‘‘best efforts’’ basis with no guarantee of either technological or commercial success.
	Payments to and from the Company’s collaboration partners are presented in the statements of income based on the nature of the arrangement (including its contractual terms), the nature of the payments and applicable accounting guidance. Under the collaborative agreement with An Puluo, the Company was the principal in the transaction and the Company recorded revenues when An Puluo sold the product and title passed to its customer. The Company and An Puluo share the profit from this collaborative business and all profit sharing to An Puluo was recorded as part of Cost of sales in the Company’s consolidated statements of income. On June 15, 2012, the Company terminated the collaborative agreement with An Puluo.
	In accordance with the Company’s collaborative agreement with An Puluo, the Company was able to establish retail operations within existing retail facilities with whom An Puluo had ongoing business arrangements. In these retail facilities, the Company is permitted to retail pork products. The owners of these retail facilities are responsible for collection of all retail sales made by the Company. These retail facilities are responsible for remitting to the Company the sales revenue that they collect on behalf of the Company, less any fees for operating a retail operation in their facility. The receivable as of June 15, 2012, along with all assets and liabilities generated and incurred under the collaborative arrangement, has been assumed by An Puluo after the Company terminated the collaborative arrangement as An Puluo has the capacity to operate a retail operation. Net assets and liabilities that arose under this terminated collaborative arrangement have been resolved as of December 31, 2012 and are reflected as $0 in net assets and liabilities of discontinued operations.
	According to the agreement, the Company and An Puluo share the net income of the collaborative retail business on a ratio of 60% to the Company and 40% to An Puluo. Profit sharing to An Puluo during the year ended December 31, 2012 was $15,672. The profit sharing payable though June 15, 2012 has been resolved with An Puluo as part of the termination of the collaborative arrangement.
Segment Information	'
	The Company follows FASB ASC 280-Segment Reporting, which requires that companies disclose segment data based on how management makes decision about allocating resources to segments and evaluating their performance. The Company’s management has determined that as of December 31, 2012 their operations are in one segment, that of hog farming. While the Company operated under the collaboration agreement with An Puluo it operated under two segments, that of hog farming and retail pork product sales. Subsequent to the cancellation of the collaboration agreement on June 15, 2012, the Company operates in the hog farming segment only.
	In the second and third quarters of 2013, the Company entered into distribution agreements with supermarkets whereby the Company is permitted to sell processed pork products in the supermarkets’ retail facilities. Consequently, management has determined that the Company is now operating in two segments, hog farming and retail.
Income Taxes	'
	The Company accounts for income taxes under the provisions of Section 740-10-30 of the FASB Accounting Standards Codification, which is an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in its financial statements or tax returns. The Company did not have any deferred tax assets or liabilities as of December 31, 2013 and 2012.
	The Company is subject to the Enterprise Income Tax law (“EIT”) of the People’s Republic of China. However, according to the EIT, companies that are engaged in the agricultural business and primary processing of agricultural products are exempt from the 25% enterprise income tax. The Company is engaged in breeding, raising, and selling hogs for use in Chinese pork meat production and hog breeding, which is exempt from the Chinese income tax. Tianli is incorporated in the British Virgin Islands. Under the current tax laws of the British Virgin Islands, the Company is not subject to income taxes.
	In addition, the Company is not subject to the PRC’s 17% VAT tax for hog sales or the 5% business tax levied on incomes from services rendered. According to the PRC tax regulations, companies engaging in the agricultural business are exempt from these taxes. With respect to the Company’s retail operations, the Company is engaged in breeding, processing, and distributing black hogs and black hog meats which are exempt from VAT taxes and corporate income tax as well.
Basic and Diluted Earnings per Share	'
	The Company reports earnings per share in accordance with FASB ASC 260 “Earnings per share”. The Company’s basic earnings per share are computed using the weighted average number of shares outstanding for the periods presented. Diluted earnings per share are computed based on the assumption that any dilutive options or warrants were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, the Company’s outstanding stock warrants are assumed to be exercised, and funds thus obtained were assumed to be used to purchase common stock at the average market price during the period. There were no dilutive instruments outstanding during the years ended December 31, 2013 and 2012.
Foreign Currency Translation	'
	As of December 31, 2013 and 2012, the accounts of Tianli were maintained and its financial statements were expressed in Chinese Renminbi (RMB). Such financial statements were translated into United States Dollars (USD) in accordance with US GAAP, with the RMB as the functional currency. All assets and liabilities are translated at the current exchange rates as of the balance sheet dates. These rates were RMB 6.11 per US dollar and RMB 6.30 per US dollar as of December 31, 2013 and 2012, respectively. Stockholders’ equity is translated at the historical rates and items in the statements of operations and cash flows are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with US GAAP as a component of stockholders’ equity.
	During the years ended December 31, 2013 and 2012, the transactions of Tianli were denominated and recorded in RMB and are translated at the average rates of exchange for the period. There rates were RMB 6.19 and RMB 6.30 per US dollar for the years ended December 31, 2013 and 2012, respectively. Exchange gains and losses are recognized for the different foreign exchange rates applied when the foreign currency assets and liabilities are settled. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred.
Stock Based Compensation	'
	In December 2004, the Financial Accounting Standards Board, or FASB, issued FASB ASC 718-10-55 - Compensation-Stock Compensation, or ASC 718-10-55. Under ASC 718-10-55, companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share-based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. In addition, FASB ASC 825-10-50-10 – Financial Instruments – Overall – Disclosures, or ASC 825-10-50-10, expresses views of the Securities and Exchange Commission, or the SEC, staff regarding the interaction between ASC 718-10-55 and certain SEC rules and regulations and provides the staff's views regarding the valuation of share-based payment arrangements for public companies. The Company’s compensation cost is measured on the date of grant at its fair value. Such compensation amounts, if any, are amortized over the respective vesting periods or period of service of the option grant.
Contingencies	'
	Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and legal counsel assess such contingent liabilities, and such assessments inherently involve an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought.
	If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potential material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material would be disclosed.
	Loss contingencies considered to be remote by management are generally not disclosed unless they involve guarantees, in which case the guarantee would be disclosed.
Accrual of Environmental Obligations	'
	ASC Section 410-30-25 “Recognition” of environmental obligations requires the accrual of a liability if both of the following conditions are met:
	a)          Information available before the financial statements are issued or are available to be issued indicates that it is probable that an asset has been impaired or a liability has been incurred at the date of the financial statements.
	b)          The amount of the loss can be reasonably estimated.
	As of December 31, 2013 and 2012, the Company did not have any environmental remediation obligations, nor did it have any asset retirement obligations under ASC 410. Furthermore, the Company did not have any environmental remediation loss contingencies requiring recognition or disclosure in its financial statements.
Recently Issued Accounting Pronouncements	'
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date , clarifying how entities are required to measure obligations resulting from joint and several liability arrangements and outlining the required disclosures around these liabilities. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The Company does not believe this ASU will have a significant impact on the Company’s financial statements.
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2013-02, “Other Comprehensive Income (Topic 220)” (“ASU 2013-02”). The objective of ASU 2013-02 is to improve the reporting of reclassifications out of accumulated other comprehensive income. ASU 2013-02 seeks to attain that objective by requiring an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. generally accepted accounting principles (GAAP) to be reclassified in its entirety to net income in the same reporting period. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. ASU 2013-02 was effective prospectively for the Company in its first quarter of 2013. The adoption ASU 2013-02 did not impact the consolidated financial statements.
	In March 2013, the FASB issued ASU No. 2013-05, Foreign Currency Matters, (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity, to resolve a diversity in accounting for the cumulative translation adjustment of foreign currency upon derecognition of a foreign subsidiary or group of assets. ASU 2013-05 requires the parent to apply the guidance in Subtopic 830-30 to release any related cumulative translation adjustment into net income when a reporting entity (parent) ceases to have a controlling financial interest in a subsidiary or group of assets within a foreign entity. Accordingly, the cumulative translation adjustment should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. Further, ASU 2013-05 clarified that the parent should apply the guidance in subtopic 810-10 if there is a sale of an investment in a foreign entity, including both (1) events that result in the loss of a controlling financial interest in a foreign entity and (2) events that result in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date. Accordingly, the cumulative translation adjustment should be released into net income upon the occurrence of those events. The guidance is effective prospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2013. The guidance should be applied prospectively to derecognition events occurring after the effective date. Prior periods should not be adjusted. Early adoption is permitted. If an entity elects to early adopt the guidance, it should apply the guidance as of the beginning of the entity's fiscal year of adoption. The Company does not expect ASU 2013-05 to have a significant impact on its consolidated results of operations and financial condition.
	In July 2013, the FASB issued Accounting Standards Update 2013-11, “Income Taxes (Topic 740)—Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). The objective of ASU 2013-11 is to eliminate diversity in practice of presenting unrecognized tax benefits as a liability or presenting unrecognized tax benefits as a reduction of a deferred tax asset for a net operating loss or tax credit carryforward in certain circumstances by requiring that an unrecognized tax benefit be presented in the financial statements as a reduction to deferred tax assets excluding certain exceptions. ASU 2013-11 will be effective prospectively for the Company in its first quarter of 2014. The Company does not expect ASU 2013-11 to have a material effect on its financial statements.
	The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its audited consolidated financial statements.

2_BASIS_OF_PRESENTATION_AND_SU2

2. BASIS OF PRESENTATION AND SUMMARY (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Estimated useful lives of the Company's assets	'
		Useful Life
	Buildings	20 years
	Vehicles	5 years
	Office equipment	5 years
	Production equipment	5-10 years

3_DISCONTINUED_OPERATIONS_Tabl

3. DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2013
Discontinued Operations Tables	'
Net gain from discontinued operations	'
			For the Year Ended December 31,
			2013		2012
	Revenues	$	-	$	1,902,575
	Net gain from discontinued operations	$	-	$	39,179

4_ACCOUNTS_RECEIVABLE_Tables

4. ACCOUNTS RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2013
Accounts Receivable Tables	'
Accounts receivable	'
			December 31,
			2013		2012
	Accounts receivable	$	266,785	$	158,047
	Less: Allowance for doubtful accounts		-10,178		-
		$	256,607	$	158,047

5_INVENTORIES_Tables

5. INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2013
Inventories Tables	'
INVENTORIES	'
			December 31,
			2013		2012
	Raw materials	$	1,750,125	$	1,678,406
	Work in process—biological assets		4,643,256		4,385,742
	Infant hogs		4,968,112		4,168,745
	Finished goods—processed pork products		209,205		-
	Less: inventory reserve		-85,912		-
		$	11,484,786	$	10,232,893

9_PLANT_AND_EQUIPMENT_Tables

9. PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2013
Plant And Equipment Tables	'
PLANT AND EQUIPMENT	'
			December 31,
			2013		2012
	Buildings	$	26,254,084	$	25,219,192
	Vehicles		738,438		693,742
	Office equipment		535,206		535,870
	Production equipment		2,618,167		2,931,485
			30,145,895		29,380,289
	Less: Accumulated depreciation		-6,960,163		-4,979,716
		$	23,185,732	$	24,400,573

11_BIOLOGICAL_ASSETS_Tables

11. BIOLOGICAL ASSETS (Tables)	12 Months Ended
	Dec. 31, 2013
Biological Assets Tables	'
BIOLOGICAL ASSETS	'
			December 31,
			2013		2012
	Breeding hogs	$	7,120,342	$	6,779,893
	Less: Accumulated amortization		-3,843,502		-2,422,047
		$	3,276,840	$	4,357,846

12_LONGTERM_PREPAID_EXPENSES_T

12. LONG-TERM PREPAID EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2013
Long-Term Prepaid Expenses Tables	'
Long-term prepaid expenses	'
			December 31,
			2013		2012
	Long-term prepaid rental expenses	$	1,835,644	$	1,780,089
	Office decoration expenses		-		85,700
			1,835,644		1,865,789
	Less: Accumulated amortization		-229,456		-184,301
		$	1,606,188	$	1,681,488

13_INTANGIBLE_ASSETS_Tables

13. INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2013
Intangible Assets Tables	'
Intangible Assets	'
			December 31,
			2013		2012
	Land use rights	$	1,735,042	$	1,682,532
	Less: Accumulated amortization		-254,411		-196,759
		$	1,480,631	$	1,485,773

14_SHORTTERM_LOANS_Tables

14. SHORT-TERM LOANS (Tables)	12 Months Ended
	Dec. 31, 2013
Short-Term Loans Tables	'
Short-term loans	'
			December 31,
			2013		2012
	Loan payable to Wuhan Rural Commercial Bank, annual interest rate of 9.184%, due by May 23, 2013, guaranteed by Wuhan Science and Technology Guarantee Co., Ltd.	$	-	$	761,772
	Loan payable to Wuhan Rural Commercial Bank, annual interest rate of 8.100%, due by July 22, 2013, guaranteed by Xin Zhang		-		825,253
	Loan payable to Shanghai Pudong Development Bank, annual interest rate of 6%, due by July 9,  2013, guaranteed by Wuhan Agriculture Guarantee Co., Ltd., Xin Zhang, and Hangyin Li with collateral of $793,512 restricted cash		-		1,587,025
	Loan payable to Shanghai Pudong Development Bank, annual interest rate of 6%, due by August 12,  2013, guaranteed by Wuhan Agriculture Guarantee Co., Ltd., Xin Zhang, and Hangyin Li with collateral of $793,512 restricted cash		-		2,340,861
	Loan payable to Communication Bank of China, annual interest rate of 7.8%, due by November 22,  2013, guaranteed by Wuhan Agriculture Guarantee Co., Ltd.		-		1,587,024
	Loan payable to Wuhan Rural Commercial Bank, annual interest rate of 8.4%, due by June 19, 2014, guaranteed by Wuhan Science and Technology Guarantee Co., Ltd.		785,546		-
	Loan payable to Shanghai Pudong Development Bank, annual interest rate of 7.2%, due by December 4,  2014, guaranteed by Wuhan Agriculture Guarantee Co., Ltd. and Tianzhili,, secured by certain assets of the Company.		1,636,554		-
	Loan payable to Communication Bank of China, annual interest rate of 7.28%, due by December 16, 2014, guaranteed by Wuhan Science and Technology Guarantee Co., Ltd.		1,636,554		-
	Loan payable to Wuhan Rural Commercial Bank, annual interest rate of 8.4%, due by November 6, 2014 with collateral provided by Mr. Xin Zhang.		851,008		-
	Loan payable to Industrial and Commercial Bank of China, annual interest rate of 7.8%, due by December 3, 2014, with collateral provided by Wuhan East Lake Hi-Tech Innovation Center		1,472,899		-
		$	6,382,561	$	7,101,935

15_ACCOUNTS_PAYABLE_AND_ACCRUE1

15. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2013
Accounts Payable And Accrued Liabilities Tables	'
Account Payable abd Accrued Liability	'
			December 31,
			2013		2012
	Accounts payable	$	157	$	146,568
	Other taxes payable		542		571
	Others		48,197		43,672
		$	48,896	$	190,811

16_OTHER_PAYABLES_Tables

16. OTHER PAYABLES (Tables)	12 Months Ended
	Dec. 31, 2013
Other Payables Tables	'
Aggregate future amortization expenses	'
			Amortization
		2014	$	358,991
		2015	$	358,991
		2016	$	358,991
		2017	$	358,991
		2018	$	358,991
		Thereafter	$	1,460,549

18_CAPITAL_STOCK_Tables

18. CAPITAL STOCK (Tables)	12 Months Ended
	Dec. 31, 2013
Capital Stock Tables	'
Estimated fair value of the director options	'
		Director Options	Placement Agent Warrants
	Estimated Fair Value Per Option or Warrant	$2.47	$0.56
	Stock Price at Date of Grant	$5.66	$4.36
	Assumptions:
	Dividend Yield	0%	0%
	Stock Price Volatility	50.80%	31.30%
	Risk-Free Interest Rate	1.60%	1.40%
Stock options and warrants outstanding	'
		Options		Weighted Average Exercise Price	Warrants		Weighted Average Exercise Price
	Outstanding as of December 31, 2012	26,000	$	6	210,000	$	7.21
	Granted	-		-	-		-
	Exercised	-		-	-		-
	Forfeited	-		-	-		-
	Outstanding at December 31, 2013	26,000	$	6	210,000	$	7.21
	Exercisable at December 31, 2013	26,000	$	6	210,000	$	7.21

22_COMMITMENTS_AND_CONTINGENCI1

22. COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2013
Commitments And Contingencies Tables	'
Aggregate minimum future annual rental commitments	'
			Operating Leases
	2014		85,107
	2015	$	85,107
	2016	$	85,107
	2017	$	84,905
	2018	$	84,299
	Thereafter	$	1,540,053

23_SEGMENT_INFORMATION_Tables

23. SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2013
Segment Information Tables	'
Schedule of reportable business segments	'
	Year Ended December 31, 2013		Hog Farming		Retail		Consolidated
	Segment revenues	$	32,807,299	$	543,643	$	33,350,942
	Inter-segment revenues		-		-		-
	Revenues from external customers	$	32,807,299	$	543,643	$	33,350,942
	Segment income (loss)	$	-2,310,532	$	3,526	$	-2,307,006
	Unallocated corporate loss						-377,457
	Income before income taxes						-2,684,463
	Income taxes						-
	Net income					$	-2,684,463
	Other segment information:
	Depreciation and amortization	$	3,625,972	$	4,442	$	3,630,414
	Year Ended December 31, 2012		Hog Farming		Retail		Consolidated
	Segment revenues	$	26,529,423	$	-	$	26,529,423
	Inter-segment revenues		-		-		-
	Revenues from external customers	$	26,529,423	$	-	$	26,529,423
	Segment loss	$	252,859	$	-	$	252,859
	Unallocated corporate loss						-465,654
	Loss before income taxes						-212,795
	Income taxes						-
	Net loss					$	-212,795
	Other segment information:
	Depreciation and amortization	$	2,969,098	$	-	$	2,969,098
	As of December 31, 2013		Hog Farming		Retail		Consolidated
	Total segment assets	$	11,986,125	$	414,636	$	12,400,203
	Other unallocated corporate assets						457,179
						$	12,857,382
	Other segment information:
	Expenditures for segment assets	$	701,923	$	48,636	$	750,559
	As of December 31, 2012
	Total segment assets	$	52,877,904	$	-	$	52,877,904
	Other unallocated corporate assets						-
						$	52,877,904
	Other segment information:
	Expenditures for segment assets	$	8,951,657	$	-	$	8,951,657

2_BASIS_OF_PRESENTATION_AND_SU3

2. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2013
Building [Member]	'
Estimated useful lives of assets	'
Estimated useful lives of assets	'20 years
Vehicles [Member]	'
Estimated useful lives of assets	'
Estimated useful lives of assets	'5 years
Office Equipment [Member]	'
Estimated useful lives of assets	'
Estimated useful lives of assets	'5 years
ProductEquipmentMinimumMember	'
Estimated useful lives of assets	'
Estimated useful lives of assets	'5 years
ProductEquipmentMaximumMember	'
Estimated useful lives of assets	'
Estimated useful lives of assets	'10 years

3_DISCONTINUED_OPERATIONS_Deta

3. DISCONTINUED OPERATIONS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Revenues and net gain from discontinued operations	'	'
Revenues	$0	$1,902,575
Net gain from discontinued operations	$0	$39,179

4_ACCOUNTS_RECEIVABLE_Details

4. ACCOUNTS RECEIVABLE (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Accounts Receivable Details	'	'
Accounts receivable	$266,785	$158,047
Less: Allowance for doubtful accounts	-10,178	0
Accounts receivable, net	$256,607	$158,047

5_INVENTORIES_Details

5. INVENTORIES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Components of inventory	'	'
Raw materials	$1,750,125	$1,678,406
Work in process-biological assets	4,643,256	4,385,742
Infant hogs	4,968,112	4,168,745
Finished goods	209,205	0
Less: inventory reserve	-85,912	'
Inventory	$11,484,786	$10,232,893

6_ADVANCES_TO_SUPPLIERS_Detail

6. ADVANCES TO SUPPLIERS (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Advances to suppliers	'	'
Advances to suppliers	$1,612,492	$189,094
Purchase of breeding hogs	'	$177,191

7_OTHER_RECEIVABLES_Details_Na

7. OTHER RECEIVABLES (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Other Receivables	'	'
Other receivables	$1,181,078	$208,325
Allowance for doubtful other receivables	61,485	55,547
Shanghai Pudong Development Bank [Member]	'	'
Other Receivables	'	'
Other receivables	$163,655	$158,702

8_RESTRICTED_CASH_Details_Narr

8. RESTRICTED CASH (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Restricted Cash Details Narrative	'	'
Restricted cash	$0	$793,512

9_PLANT_AND_EQUIPMENT_Details

9. PLANT AND EQUIPMENT (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Plant and equipment	'	'
Plant and equipment, Gross	$30,145,895	$29,380,289
Less: Accumulated depreciation	-6,960,163	-4,979,716
Plant and equipment, Net	23,185,732	24,400,573
Building [Member]	'	'
Plant and equipment	'	'
Plant and equipment, Gross	26,254,084	25,219,192
Vehicles [Member]	'	'
Plant and equipment	'	'
Plant and equipment, Gross	738,438	693,742
Office Equipment [Member]	'	'
Plant and equipment	'	'
Plant and equipment, Gross	535,206	535,870
ProductionEquipmentMember	'	'
Plant and equipment	'	'
Plant and equipment, Gross	$2,618,167	$2,931,485

9_PLANT_AND_EQUIPMENT_Details_

9. PLANT AND EQUIPMENT (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Plant And Equipment Details Narrative	'	'
Depreciation expense	$2,251,119	$1,597,411
Inventory capitalized	1,172,158	1,173,343
Impairment loss	$1,490,034	$0

10_CONSTRUCTION_IN_PROGRESS_De

10. CONSTRUCTION IN PROGRESS (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Construction In Progress Details Narrative	'	'
Construction in progress	$50,897	$1,655,901
Improvements of several of the Company's hog farms	-50,897	38,089
Funding to local independent farmers to construct small-scale hog farms	0	1,617,812
Expend to build hog rearing facilities (approximately)	11,320,000	10,540,000
Purchase a hog rearing facilities (approximately)	'	9,260,000
Deposits from farmers	$3,255,504	$2,893,014

11_BIOLOGICAL_ASSETS_Details

11. BIOLOGICAL ASSETS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Biological Assets Details	'	'
Breeding hogs	$7,120,342	$6,779,893
Less: Accumulated amortization	-3,843,502	-2,422,047
Biological Assets, Net	$3,276,840	$4,357,846

11_BIOLOGICAL_ASSETS_Details_N

11. BIOLOGICAL ASSETS (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Biological Assets Details Narrative	'	'
Amortization on Biological Assets	$1,328,450	$1,321,865

12_LONGTERM_PREPAID_EXPENSES_D

12. LONG-TERM PREPAID EXPENSES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Long-Term Prepaid Expenses Details	'	'
Long-term prepaid rental expenses	$1,835,644	$1,780,089
Others	0	85,700
Long-term prepaid rental expenses, Gross	1,835,644	1,865,789
Less: Accumulated amortization	-229,456	-184,301
Long-term prepaid rental expenses, Net	$1,606,188	$1,681,488

12_LONGTERM_PREPAID_EXPENSES_D1

12. LONG-TERM PREPAID EXPENSES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Long-Term Prepaid Expenses Details Narrative	'	'
Amortization expense Long-term prepaid expenses	$84,932	$112,292
Annual estimated amortization expense of long-term prepaid expense for next five years and and thereafter	$84,932	'

13_INTANGIBLE_ASSETS_Details

13. INTANGIBLE ASSETS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Land use rights	'	'
Land use rights	$1,735,042	$1,682,532
Less: Accumulated amortization	-254,411	-196,759
Land Use Rights, Net	$1,480,631	$1,485,773

13_INTANGIBLE_ASSETS_Details_N

13. INTANGIBLE ASSETS (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Intangible Assets Details Narrative	'	'
Amortization expense Land Use Right	$50,845	$49,822
Estimated annual amortization expense of land use rights for next five years and thereafter	$50,845	'

14_SHORTTERM_LOANS_Details

14. SHORT-TERM LOANS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Short-term loans, Total	$6,382,561	$7,101,935
Wuhan Rural Commercial Bank [Member]	'	'
Short-term loans, Total	785,546	761,772
Shanghai Pudong Development Bank [Member]	'	'
Short-term loans, Total	1,636,554	2,340,861
Communication Bank Of China [Member]	'	'
Short-term loans, Total	1,636,554	1,587,024
Wuhan Rural Commercial Bank [Member]	'	'
Short-term loans, Total	851,008	825,253
Shanghai Pudong Development Bank, due by July 9, 2013 [Member]	'	'
Short-term loans, Total	0	1,587,025
Industrial and Commercial Bank	'	'
Short-term loans, Total	$1,472,899	$0

15_ACCOUNTS_PAYABLE_AND_ACCRUE2

15. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Accounts Payable And Accrued Liabilities Details	'	'
Accounts payable	$157	$146,568
Other taxes payable	542	571
Others	48,197	43,672
Accounts payable and accrued liabilities	$48,896	$190,811

16_OTHER_PAYABLES_Details

16. OTHER PAYABLES (Details) (USD $)	Dec. 31, 2013
Other Payables Details	'
2014	$358,991
2015	358,991
2016	358,991
2017	358,991
2018	358,991
Thereafter	$1,460,549

16_OTHER_PAYABLES_Details_Narr

16. OTHER PAYABLES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Other Payables Details Narrative	'	'
Other payables	$3,309,246	$2,893,332
Deposit payable	3,255,504	2,893,014
Deposits from farmers	3,255,504	2,893,014
Amortization of deposit payables	$429,488	$73,541

17_RELATED_PARTY_TRANSACTIONS_

17. RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Related Party Transactions Details Narrative	'	'
Amount due to related party	$139,430	$125,842

18_CAPITAL_STOCK_Details

18. CAPITAL STOCK (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
DirectorOptions[Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Estimated Fair Value Per Option or Warrant	$2.47
Stock Price at Date of Grant	$5.66
Dividend Yield	0.00%
Stock Price Volatility	50.80%
Risk-Free Interest Rate	1.60%
Placement Agent Warrants [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Estimated Fair Value Per Option or Warrant	$0.56
Stock Price at Date of Grant	$4.36
Dividend Yield	0.00%
Stock Price Volatility	31.30%
Risk-Free Interest Rate	1.40%

18_CAPITAL_STOCK_Details_1

18. CAPITAL STOCK (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Outstanding Options, Beginning balance	26,000	26,000
Options, Granted	0	'
Options,Exercised	0	'
Options, Forfeited	0	'
Outstanding Options, Ending balance	26,000	26,000
Options, Exercisable	$26,000	'
Outstanding, Beginning BalanceWeighted Average Exercise Price	$6	$6
Granted, Weighted Average Exercise Price	$0	'
Exercised, Weighted Average Exercise Price	$0	'
Forfeited, Weighted Average Exercise Price	$0	'
Outstanding, Ending balance Weighted Average Exercise Price	$6	$6
Weighted Average Exercise Price, Exercisable	$6	'
Warrants1Member	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Outstanding Options, Beginning balance	210,000	210,000
Options, Granted	0	'
Options,Exercised	0	'
Options, Forfeited	0	'
Outstanding Options, Ending balance	210,000	210,000
Options, Exercisable	$210,000	'
Outstanding, Beginning BalanceWeighted Average Exercise Price	$7.21	$7.21
Granted, Weighted Average Exercise Price	$0	'
Exercised, Weighted Average Exercise Price	$0	'
Forfeited, Weighted Average Exercise Price	$0	'
Outstanding, Ending balance Weighted Average Exercise Price	$7.21	$7.21
Weighted Average Exercise Price, Exercisable	$7.21	'

19_STATUTORY_RESERVES_Details_

19. STATUTORY RESERVES (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Statutory Reserves Details Narrative	'	'
Statutory surplus reserves	$2,416,647	$2,416,647

20_CERTAIN_RISKS_AND_CONCENTRA1

20. CERTAIN RISKS AND CONCENTRATION (Details Narrative)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Certain Risks And Concentration Details Narrative	'	'
Customer concentraion risk	'During the year ended December 31, 2013, there was no customer that accounted for more than 10% of the Company's revenue.	'For the year ended December 31, 2012, there were two customers that accounted for more than 10% of the Company's revenue, Wuhan Mingxiang Meat Factory Co. Ltd. and Wuhan Huangpi Hengdian Zhongxin slaughter house.
Percentage of cash including cash on hand and deposits in accounts maintained within the PRC	1	0.97

21_GOVERNMENT_SUBSIDIES_Detail

21. GOVERNMENT SUBSIDIES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Government Subsidies Details Narrative	'	'
Subsidy Income	$107,584	$218,605

22_COMMITMENTS_AND_CONTINGENCI2

22. COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Dec. 31, 2013
Commitments And Contingencies Details	'
2014	$85,107
2015	85,107
2016	85,107
2017	84,905
2018	84,299
Thereafter	$1,540,053

22_COMMITMENTS_AND_CONTINGENCI3

22. COMMITMENTS AND CONTINGENCIES (Details Narrative) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Commitments And Contingencies Details	'	'
Net rental expense	$84,535	$84,516
Funds provided to local independent farmers (Approximately)	$1,132,000	$1,054,000

23_SEGMENT_INFORMATION_Details

23. SEGMENT INFORMATION (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Segment revenues	$33,350,942	$26,529,423	'
Inter-segment revenues	0	0	'
Revenues from external customers	33,350,942	26,529,423	'
Segment income (loss)	-2,307,006	252,859	'
Unallocated corporate loss	-377,457	-465,654	'
Income (loss) before income taxes	-2,684,463	-212,795	'
Income taxes	0	0	'
Net income (loss)	-2,684,463	-212,795	8,096,134
Other segment information:	'	'	'
Depreciation and amortization	3,630,414	2,969,098	'
Total segment assets	12,400,203	52,877,904	'
Other unallocated corporate assets	457,179	0	'
Total	54,427,051	52,877,904	'
Other segment information:	'	'	'
Expenditures for segment assets	750,559	8,951,657	'
Hog Farming	'	'	'
Segment revenues	32,807,299	26,529,423	'
Inter-segment revenues	0	0	'
Revenues from external customers	32,807,299	26,529,423	'
Segment income (loss)	-2,310,532	252,859	'
Other segment information:	'	'	'
Depreciation and amortization	3,625,972	2,969,098	'
Total segment assets	11,986,125	52,877,904	'
Other segment information:	'	'	'
Expenditures for segment assets	701,923	8,951,657	'
Retail	'	'	'
Segment revenues	543,643	0	'
Inter-segment revenues	0	0	'
Revenues from external customers	543,643	0	'
Segment income (loss)	3,526	0	'
Other segment information:	'	'	'
Depreciation and amortization	4,442	0	'
Total segment assets	414,636	0	'
Other segment information:	'	'	'
Expenditures for segment assets	$48,636	$0	'