American Education Center (AMCT) 10-Q 15 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 15, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Entity Registrant Name	AMERICAN EDUCATION CENTER, INC.
Entity Central Index Key	1,626,556
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		38,350,000

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash (Note2)	$ 1,867,310	$ 2,290,429
Accounts receivable, net of allowance for doubtful accounts of $63,000 at March 31, 2017 and December 31, 2016 (Note 2)	6,510,883	2,887,837
Prepaid expenses	84,846	61,600
Total current assets	8,463,039	5,239,866
Noncurrent assets:
Deferred compensation (Note 6)	3,022,501	3,315,001
Deferred income taxes (Notes 2 and 13)	36,267	97,936
Intangible asset, net (Note 8)	544,724	578,769
Security deposits (Note 7)	266,021	266,021
Total noncurrent assets	3,869,513	4,257,727
TOTAL ASSETS	12,332,552	9,497,593
Current liabilities:
Accounts payable and accrued expenses	4,386,306	3,452,231
Taxes payable	793,031	511,355
Deferred revenue (Note 9)	551,035	177,132
Loan from stockholders (Note 10)	113,906	113,906
Total current liabilities	5,844,278	4,254,624
Noncurrent liabilities:
Deferred rent	171,215	155,707
Long-term loan (Note 11)	295,579	295,579
Total liabilities	6,311,072	4,705,910
Stockholders’ equity:
Preferred stock, $0.001 par value; 20,000,000 shares authorized; none issued	0	0
Common stock, $0.001 par value; 180,000,000 shares authorized; 41,350,000 shares issued and outstanding, at March 31, 2017 and December 31, 2016 (Note 14)	41,350	41,350
Additional paid-in capital	4,021,626	4,021,626
Retained earnings	1,958,504	728,707
Total stockholders' equity	6,021,480	4,791,683
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 12,332,552	$ 9,497,593

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Allowance for Doubtful Accounts Receivable (in dollars)	$ 63,000	$ 63,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	20,000,000	20,000,000
Preferred Stock, Shares Issued	0	0
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001
Common Stock, Shares Authorized	180,000,000	180,000,000
Common Stock, Shares, Issued	41,350,000	41,350,000
Common Stock, Shares, Outstanding	41,350,000	41,350,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues (Note 2)	$ 9,458,706	$ 2,683,804
Costs and expenses:
Consulting services	6,195,252	1,973,517
Application fees	0	44,772
General and administrative	1,683,372	467,480
Total costs and expenses	7,878,624	2,485,769
Income from operations	1,580,082	198,035
Other income	0	4,392
Income before provision for income taxes	1,580,082	202,427
Provision for income taxes	350,285	93,058
Net income	$ 1,229,797	$ 109,369
Earnings per share - basic and diluted	$ 0.03	$ 0
Weighted average shares outstanding, basic and diluted	41,350,000	30,000,000

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - 3 months ended Mar. 31, 2017 - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balance at Dec. 31, 2016	$ 4,791,683	$ 41,350	$ 4,021,626	$ 728,707
Balance (in shares) at Dec. 31, 2016		41,350,000
Net income	1,229,797	$ 0	0	1,229,797
Balance at Mar. 31, 2017	$ 6,021,480	$ 41,350	$ 4,021,626	$ 1,958,504
Balance (in shares) at Mar. 31, 2017		41,350,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 1,229,797	$ 109,369
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Deferred income taxes	61,669	0
Deferred rent expense	15,508	13,524
Deferred compensation (Note 6)	292,500	0
Amortization expense (Note 8)	34,045	0
Change in operating assets and liabilities:
(Increase) in accounts receivable	(3,623,046)	(62,041)
(Increase) decrease in prepaid expenses	(23,246)	24,000
(Increase) in security deposits	0	(471,653)
Increase in accounts payable and accrued expenses	934,075	81,833
Increase in taxes payable	281,676	0
Increase (decrease) in deferred revenue	373,903	(480,829)
Increase in advances from clients	0	112,340
Net cash (used in) operating activities	(423,119)	(673,457)
Net change in cash	(423,119)	(673,457)
Cash, beginning of period	2,290,429	1,093,755
Cash, end of period	1,867,310	420,298
Supplemental disclosure of cash flow information
Cash paid for income taxes	6,940	11,225
Cash paid for interest	$ 0	$ 0

ORGANIZATION AND BUSINESS

ORGANIZATION AND BUSINESS	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. ORGANIZATION AND BUSINESS American Education Center, Inc. (“AEC New York”) is a New York Corporation organized on November 8, 1999 and is licensed by the Education Department of the State of New York to engage in education related consulting services between the United States and China. On May 7, 2014, the President/sole shareholder of AEC New York formed a new company (“AEC Nevada”) in the State of Nevada with the same name. On May 31, 2014, the President/sole shareholder of AEC New York exchanged his 200 10,563,000 On October 31, 2016, AEC Nevada completed an acquisition transaction through a share exchange with the stockholders of AEC Southern Management Co., Ltd. (“AEC Southern UK”), a company incorporated in December 2015 with registered capital of 10,000 15,000 100 1,500,000 210,000 4.63 51.00 49 100 10,000 1,300 100 5,000,000 768,000 As a result of the acquisition by AEC Nevada, AEC Southern UK and its wholly owned subsidiaries became AEC Nevada’s wholly-owned subsidiary.AEC Nevada, AEC NY, and AEC Southern UK and its wholly owned subsidiaries are referenced collectively as the “Company.” The Company has a corporate structure, which is set forth as follows: The Company’s primary goal is to build upon the concept of “one-stop comprehensive services” for international students, educators, executives, and institutions. AEC New York has been devoted to international education exchanges, by providing educational and career enrichment opportunities for students, teachers, and educational institutions between China and the United States. It currently provides admission, visa application consulting, housing and other consulting services to Chinese students wishing to study in the United States. It also provides exchange and placement services for qualified United States educators to teach in China. AEC New York also provides localization consulting services to multi-national companies with employees coming to the United States to work. AEC Southern UK provides targeted and tailored executive training services. AEC Southern UK currently has two major clients from the food industry. The training focuses on food industry regulation compliance in various geographical regions, International Organization for Standardization (“ISO”) 9001 compliance, human resources management and organizational management. AEC Southern UK is looking to expand its clientele to companies in other industries.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Accounting and Presentation The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The consolidated financial statements are comprised of AEC Nevada and its wholly owned subsidiaries, AEC New York, AEC Southern UK, AEC Southern HK and AEC Southern Shenzhen. All significant intercompany accounts and transactions have been eliminated in consolidation The unaudited interim financial statements of the Company as of March 31, 2017 and for the three months ended March 31, 2017 and 2016, have been prepared in accordance with GAAP and the rules and regulations of the Securities and Exchange Commission (the “SEC”) which apply to interim financial statements. Accordingly, they do not include all of the information and footnotes normally required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the periods presented. The results of operations for the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for future quarters or for the year ending December 31, 2017 . Cash and Cash Equivalents The Company considers all liquid investments with an original maturity of three months or less to be cash equivalents. Accounts Receivable The Company carries its accounts receivable at cost less an allowance for doubtful accounts if required. On a periodic basis, management evaluates accounts receivable balances and establishes an allowance for doubtful accounts, based on the history of past write-offs and collections, when necessary. As of March 31, 2017 and December 31, 2016, the allowance for doubtful accounts was $ 63,000 Revenue Recognition Revenue is recorded pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 605, “ Revenue Recognition AEC New York provides localization consulting services to multi-national companies and educational and career enrichment services to students. Consulting services to multi-national companies are recognized when all services are rendered. Services provided to students are generally paid in advance and are recognized proportionally as services are completed. The unearned advances of students services are reflected as “deferred revenue” in the consolidated balance sheets. No refund terms are offered for both types of services provided. AEC Southern UK provides consulting services regarding ISO and the U.S. Food and Drug Administration (“FDA”) standards and related staff training consulting and other services such as marketing and distribution consulting. AEC Southern UK recognizes monthly non-refundable retainer payments and recognizes revenue for its consulting services when provided. Intangible Assets Finite-lived intangible assets that are acquired from a third party are recorded at cost on their acquisition dates and are amortized on a straight-line basis over the economic useful life of the asset. The finite-lived intangible asset consists of a customized computer system, comprised of an email platform, student information management portal, online studying and conferencing portals. The Company reviews its finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to undiscounted future net cash flows expected to be generated by the asset. If such assets are not recoverable, a potential impairment loss is recognized to the extent the carrying amount of the assets exceeds the fair value of the assets. Fair value is generally determined using a discounted cash flow approach. Stock-Based Compensation The Company uses the fair value-based method for stock issued for services rendered and therefore all awards to employees and non-employees will be recorded at the market price on the date of the grant and expensed over the required period of services rendered. The fair value of stock options issued to third party consultants and to employees, officers and directors are recorded in accordance with the measurement and recognition criteria of FASB ASC 505-50, “ Equity-Based Payments to Non-Employees Compensation – Stock Based Compensation The options are valued using the Black-Scholes valuation model. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to the Company’s expected stock price volatility over the expected term of the awards, and actual and projected stock option and warrant exercise behaviors and forfeitures. Income Taxes The Company accounts for income taxes in accordance with FASB ASC 740, “ Income Taxes, ASC 740 also addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is “more likely than not” that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on derecognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions. As of March31, 2017 and December 31, 2016, the Company does not have a liability for any unrecognized tax benefits. The income tax laws of various jurisdictions in which the Company and its subsidiaries operate are summarized as follows: United States (“US”) The Company is subject to United States tax at 34 United Kingdom (“UK”) AEC Southern UK was incorporated in the United Kingdom and is governed by the income tax laws of England and Wales. According to current England and Wales income tax law, the applicable income tax rate for the Company is 20 Hong Kong AEC Southern HK was formed in Hong Kong. Pursuant to the income tax laws of Hong Kong, the Company is not subject to tax on non-Hong Kong source income. The People's Republic of China (“PRC”) AEC Southern Shenzhen was incorporated in the PRC. Pursuant to the income tax laws of China, the Company is not subject to tax on non-China source income. Fair Value Measurements FASB ASC 820, “ Fair Value Measurement Level 1 Inputs – Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. Level 2 Inputs – Inputs other than the quoted prices in active markets that are observable either directly or indirectly. Level 3 Inputs – Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements. FASB ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The Company did not identify any assets or liabilities that are required to be presented at fair value on a recurring basis. Non-derivative financial instruments include cash, accounts receivable, prepaid expenses, accounts payable and accrued expenses, corporate taxes payable, and loan from stockholders. As of March 31, 2017 and December31, 2016, the carrying values of these financial instruments approximated their fair values due to their short term nature. Use of Estimates The preparation of consolidated financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Earnings (Loss) per Share Earnings (loss) per share is calculated in accordance with FASB ASC 260, “ Earnings Per Share

RECENTLY ISSUED ACCOUNTING STAN

RECENTLY ISSUED ACCOUNTING STANDARDS	3 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	3. RECENTLY ISSUED ACCOUNTING STANDARDS In May 2014, the FASB issued Accounting Standards Update (the “ASU”) No. 2014-09, " Revenue from Contracts with Customers (Topic 606) Revenue Recognition Revenue from Contracts with Customers Revenue from Contracts with Customers Revenue from Contracts with Customers Revenue from Contracts with Customers In February 2016, the FASB issued ASU 2016-02, “ Leases ”

CONCENTRATION OF CREDIT AND BUS

CONCENTRATION OF CREDIT AND BUSINESS RISK	3 Months Ended
	Mar. 31, 2017
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	4. CONCENTRATION OF CREDIT AND BUSINESS RISK The Company maintains its cash accounts at three commercial banks located in United States and one commercial bank in Hong Kong. The Company uses a commercial bank located in Hong Kong which is not covered by protection similar to that provided by the Federal Deposit Insurance Corporation (“FDIC”) on funds held in United States banks. The FDIC insures $250,000 per bank for the total of all depository accounts. At March 31, 2017, the Company’s US bank accounts had cash balances in excess of Federally insured limits of approximately $688,000. The Company performs ongoing evaluation of its financial institutions to limit its concentration of risk exposure. Management believes this risk is not significant due to the financial strength of the financial institution utilized by the Company. the three months ended March 31, 2017 Accounts Gross Revenue Percentage Receivable Percentage Customer 1 $ 1,768,000 18.7 % $ 215,000 3.0 % Customer 2 5,609,000 59.3 % 5,504,000 84.2 % the three months ended March 31, 2016 Gross Revenue Percentage Accounts Percentage Customer 1 $ 562,000 19.4 % $ 376,000 31.8 % Customer 2 317,000 11.8 % 105,000 8.9 % Customer 3 600,000 22.4 % 100,000 8.5 %

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	5. SEGMENT REPORTING Operating segments have been determined on the basis of reports reviewed by the president who is the chief operating decision maker of the group. The president considers the business from a geographic perspective and assesses performance and allocates resources on this basis. The reportable segments are as follows: The Company has two operating segments, which are AEC New York and AEC Southern UK businesses. AEC New York Thebusiness is principally business consulting services, and student VIP services regarding language training, job placements, and academic tutorials. AEC Southern UK The business currently focuses on tailored executive and staff training and consulting to assist businesses in the food industry in meeting the ISO and the FDA standards. Entity-Wide Disclosures For three months ended March 31,2017 AEC New York AEC Southern UK Total Segment revenue: Business consulting services $ 2,022,055 $ 7,377,213 $ 9,399,268 Student VIP services 59,438 - 59,438 Total revenues $ 2,081,493 $ 7,377,213 $ 9,458,706 Gross profit $ 460,164 $ 2,803,290 $ 3,263,454 March 31, 2017 AEC New York AEC Southern UK Total Segment assets and liabilities: Segment assets $ 2,681,058 $ 9,651,494 $ 12,332,552 Segment liabilities $ 2,652,790 $ 3,658,282 $ 6,311,072 The Company didn’t have operating segments as it only has one subsidiary, AEC New York, during three months ended March 31, 2016.

DEFERRED COMPENSATION

DEFERRED COMPENSATION	3 Months Ended
	Mar. 31, 2017
Postemployment Benefits [Abstract]
Compensation and Employee Benefit Plans [Text Block]	6. DEFERRED COMPENSATION On October 31, 2016, a total of 1,500,000 0.14 210,000 180,834 On December 31, 2016, a total of 6,000,000 0.55 2,841,667 Year Ending December 31, 2017 $ 877,500 2018 1,170,000 2019 975,001 Total $ 3,022,501 Stock compensation expense was $ 292,500 0

SECURITY DEPOSITS

SECURITY DEPOSITS	3 Months Ended
	Mar. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets Disclosure [Text Block]	7. SECURITY DEPOSITS The Company has security deposits with the landlords of $ 266,021

INTANGIBLE ASSET

INTANGIBLE ASSET	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets Disclosure [Text Block]	8. INTANGIBLE ASSET The customized computer system acquired is being amortized on a straight line basis over four and a half years. March 31, December 31, 2017 2016 Intangible asset $ 612,814 $ 612,814 Less: accumulated amortization (68,090) (34,045) Intangible asset - net $ 544,724 $ 578,769 For the three months ended March 31, 2017 and 2016, amortization expense was $ 34,045 0 The following table is the future amortization expense to be recognized: Year Ending December 31, 2017 $ 102,136 2018 136,181 2019 136,181 2020 136,181 2021 34,045 Total $ 544,724

DEFERRED REVENUE

DEFERRED REVENUE	3 Months Ended
	Mar. 31, 2017
Deferred Revenue Disclosure [Abstract]
Deferred Revenue Disclosure [Text Block]	9. DEFERRED REVENUE The Company receives advance payments for services to be performed and recognizes revenue when the services have been rendered. The deferred revenue at March 31, 2017 and December 31, 2016 was $ 551,035 177,132

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	10. RELATED-PARTY TRANSACTIONS The loan from stockholders of $ 113,906 The Company’s President/Chairman/Chief Financial Officer/Secretary has a 34 21,500 0 175,000 AEC New York’s Chief Operating Officer also serves as Chief Executive Officer of Wall Street Innovation Center, Inc. (“WSIC”). The Company entered into a sublease agreement with WSIC in March 2016, which expires in February 2021. WSIC paid the annual rent of $ 250,000 110,000

LONG-TERM LOAN

LONG-TERM LOAN	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	11. LONG-TERM LOAN On December 1, 2014, an unrelated third party loaned the Company $ 295,579 10 December 12, 2019 7,389

LEASE COMMITMENTS

LEASE COMMITMENTS	3 Months Ended
	Mar. 31, 2017
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	12. LEASE COMMITMENTS In December 2014, the Company entered into a lease for office space with an unrelated party, expiring on July 31, 2025 34,066 250,000 February 28, 2021 39,698 95,938 Gross Lease Sublease Year Ending December 31, Payment Income Net Amount 2017 $ 369,621 $ 250,000 $ 119,621 2018 378,862 250,000 128,862 2019 388,333 250,000 138,333 2020 418,604 250,000 168,604 2021 439,350 41,666 397,684 2022 and thereafter 1,666,383 - 1,666,383 Total $ 3,661,153 $ 1,041,666 $ 2,619,487

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	13. Income taxes The component of deferred tax assets at March 31, 2017 and December31, 2016is as follows: 2017 2016 Net operating loss carryforwards $ 36,267 $ 97,936 The provision for income taxes for the three months ended March 31consists of the following: 2017 2016 Current: Federal $ - $ 58,976 State - 34,082 Foreign 288,616 - Total current 288,616 93,058 Deferred: Federal 39,083 - State 22,586 - Foreign - - Total deferred 61,669 - Total $ 350,285 $ 93,058 The Company conducts business globally and, as a result, files income tax returns in the US federal jurisdiction, state and city, and foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world, including jurisdictions in the US and UK. The Company is subject to income tax examinations of US federal, state, and city for 2015, 2014 and 2013 tax years and of UK for 2016.The Company is not currently under examination nor have they been notified by the authorities. A reconciliation of the provision for income taxes, with the amount computed by applying the statutory federal income tax rate for the three months ended March 31is as follows: 2017 2016 Tax at federal statutory rate 34.0 % 34.0 % State and local taxes, net of federal benefit 10.8 10.8 Tax impact of foreign operations (20.0) - Non-deductible/ non-taxable items (0.1) - Changes in tax reserves - 1.2 Other (2.6) - Total 22.1 % 46.0 %

ISSUANCE OF COMMON STOCK

ISSUANCE OF COMMON STOCK	3 Months Ended
	Mar. 31, 2017
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	14. ISSUANCE OF COMMON STOCK On October 31, 2016, the Company issued 1,500,000 0.14 On December 31, 2016, the Company entered into an agreement to issue 6,000,000 0.55 275,000

STOCK OPTIONS

STOCK OPTIONS	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	15. STOCK OPTIONS Weighted- Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Life Value Outstanding at December 31, 2016 3,200,000 $ 2.45 6.87 years $ - Granted - - - - Exercised - - - - Cancelled and expired - - - - Forfeited - - - - Outstanding at March 31, 2017 3,200,000 $ 2.45 6.62 years $ - Vested and expected to vest at December March 31, 2017 140,000 $ 1.00 4.50 years $ - Exercisable at March, 2017 140,000 $ 1.00 4.50 years $ - The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock. There were no options exercised during the three months ended March 31, 2017 and 2016. Total recognized compensation expense related to all the above options was $ 0 0

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	16. SUBSEQUENT EVENTS The Company’s management has performed subsequent events procedures through May 15, 2017, which is the date the consolidated financial statements were available to be issued. There were no subsequent events requiring adjustment to or disclosure in the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Accounting and Presentation The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The consolidated financial statements are comprised of AEC Nevada and its wholly owned subsidiaries, AEC New York, AEC Southern UK, AEC Southern HK and AEC Southern Shenzhen. All significant intercompany accounts and transactions have been eliminated in consolidation The unaudited interim financial statements of the Company as of March 31, 2017 and for the three months ended March 31, 2017 and 2016, have been prepared in accordance with GAAP and the rules and regulations of the Securities and Exchange Commission (the “SEC”) which apply to interim financial statements. Accordingly, they do not include all of the information and footnotes normally required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of management, such information contains all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the periods presented. The results of operations for the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for future quarters or for the year ending December 31, 2017 .
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all liquid investments with an original maturity of three months or less to be cash equivalents.
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Accounts Receivable The Company carries its accounts receivable at cost less an allowance for doubtful accounts if required. On a periodic basis, management evaluates accounts receivable balances and establishes an allowance for doubtful accounts, based on the history of past write-offs and collections, when necessary. As of March 31, 2017 and December 31, 2016, the allowance for doubtful accounts was $ 63,000
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Revenue is recorded pursuant to Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 605, “ Revenue Recognition AEC New York provides localization consulting services to multi-national companies and educational and career enrichment services to students. Consulting services to multi-national companies are recognized when all services are rendered. Services provided to students are generally paid in advance and are recognized proportionally as services are completed. The unearned advances of students services are reflected as “deferred revenue” in the consolidated balance sheets. No refund terms are offered for both types of services provided. AEC Southern UK provides consulting services regarding ISO and the U.S. Food and Drug Administration (“FDA”) standards and related staff training consulting and other services such as marketing and distribution consulting. AEC Southern UK recognizes monthly non-refundable retainer payments and recognizes revenue for its consulting services when provided.
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Intangible Assets Finite-lived intangible assets that are acquired from a third party are recorded at cost on their acquisition dates and are amortized on a straight-line basis over the economic useful life of the asset. The finite-lived intangible asset consists of a customized computer system, comprised of an email platform, student information management portal, online studying and conferencing portals. The Company reviews its finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to undiscounted future net cash flows expected to be generated by the asset. If such assets are not recoverable, a potential impairment loss is recognized to the extent the carrying amount of the assets exceeds the fair value of the assets. Fair value is generally determined using a discounted cash flow approach.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation The Company uses the fair value-based method for stock issued for services rendered and therefore all awards to employees and non-employees will be recorded at the market price on the date of the grant and expensed over the required period of services rendered. The fair value of stock options issued to third party consultants and to employees, officers and directors are recorded in accordance with the measurement and recognition criteria of FASB ASC 505-50, “ Equity-Based Payments to Non-Employees Compensation – Stock Based Compensation The options are valued using the Black-Scholes valuation model. This model is affected by the Company’s stock price as well as assumptions regarding a number of subjective variables. These subjective variables include, but are not limited to the Company’s expected stock price volatility over the expected term of the awards, and actual and projected stock option and warrant exercise behaviors and forfeitures.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for income taxes in accordance with FASB ASC 740, “ Income Taxes, ASC 740 also addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under ASC 740, the Company may recognize the tax benefit from an uncertain tax position only if it is “more likely than not” that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position would be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. ASC 740 also provides guidance on derecognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions. As of March31, 2017 and December 31, 2016, the Company does not have a liability for any unrecognized tax benefits. The income tax laws of various jurisdictions in which the Company and its subsidiaries operate are summarized as follows: United States (“US”) The Company is subject to United States tax at 34 United Kingdom (“UK”) AEC Southern UK was incorporated in the United Kingdom and is governed by the income tax laws of England and Wales. According to current England and Wales income tax law, the applicable income tax rate for the Company is 20 Hong Kong AEC Southern HK was formed in Hong Kong. Pursuant to the income tax laws of Hong Kong, the Company is not subject to tax on non-Hong Kong source income. The People's Republic of China (“PRC”) AEC Southern Shenzhen was incorporated in the PRC. Pursuant to the income tax laws of China, the Company is not subject to tax on non-China source income.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value Measurements FASB ASC 820, “ Fair Value Measurement Level 1 Inputs – Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. Level 2 Inputs – Inputs other than the quoted prices in active markets that are observable either directly or indirectly. Level 3 Inputs – Inputs based on prices or valuation techniques that are both unobservable and significant to the overall fair value measurements. FASB ASC 820 requires the use of observable market data, when available, in making fair value measurements. When inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. The Company did not identify any assets or liabilities that are required to be presented at fair value on a recurring basis. Non-derivative financial instruments include cash, accounts receivable, prepaid expenses, accounts payable and accrued expenses, corporate taxes payable, and loan from stockholders. As of March 31, 2017 and December31, 2016, the carrying values of these financial instruments approximated their fair values due to their short term nature.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of consolidated financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Earnings Per Share, Policy [Policy Text Block]	Earnings (Loss) per Share Earnings (loss) per share is calculated in accordance with FASB ASC 260, “ Earnings Per Share

CONCENTRATION OF CREDIT AND B24

CONCENTRATION OF CREDIT AND BUSINESS RISK (Tables)	3 Months Ended
	Mar. 31, 2017
Risks and Uncertainties [Abstract]
Schedules of Concentration of Risk, by Risk Factor [Table Text Block]	The following table represents major customers which individually accounted for more than 10% of the Company’s gross revenue in the following periods: the three months ended March 31, 2017 Accounts Gross Revenue Percentage Receivable Percentage Customer 1 $ 1,768,000 18.7 % $ 215,000 3.0 % Customer 2 5,609,000 59.3 % 5,504,000 84.2 % the three months ended March 31, 2016 Gross Revenue Percentage Accounts Percentage Customer 1 $ 562,000 19.4 % $ 376,000 31.8 % Customer 2 317,000 11.8 % 105,000 8.9 % Customer 3 600,000 22.4 % 100,000 8.5 %

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Revenues from external customers, gross profit, segment assets and liabilities for each business are as follows: For three months ended March 31,2017 AEC New York AEC Southern UK Total Segment revenue: Business consulting services $ 2,022,055 $ 7,377,213 $ 9,399,268 Student VIP services 59,438 - 59,438 Total revenues $ 2,081,493 $ 7,377,213 $ 9,458,706 Gross profit $ 460,164 $ 2,803,290 $ 3,263,454 March 31, 2017 AEC New York AEC Southern UK Total Segment assets and liabilities: Segment assets $ 2,681,058 $ 9,651,494 $ 12,332,552 Segment liabilities $ 2,652,790 $ 3,658,282 $ 6,311,072

DEFERRED COMPENSATION (Tables)

DEFERRED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2017
Postemployment Benefits [Abstract]
Deferred Compensation Future Amortization Expense [Table Text Block]	Future amortization of the deferred compensation is as follows: Year Ending December 31, 2017 $ 877,500 2018 1,170,000 2019 975,001 Total $ 3,022,501

INTANGIBLE ASSET (Tables)

INTANGIBLE ASSET (Tables)	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	The gross carrying amount and accumulated amortization of this assets as of March 31, 2017 and December 31, 2016 are as follows: March 31, December 31, 2017 2016 Intangible asset $ 612,814 $ 612,814 Less: accumulated amortization (68,090) (34,045) Intangible asset - net $ 544,724 $ 578,769
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The following table is the future amortization expense to be recognized: Year Ending December 31, 2017 $ 102,136 2018 136,181 2019 136,181 2020 136,181 2021 34,045 Total $ 544,724

LEASE COMMITMENTS (Tables)

LEASE COMMITMENTS (Tables)	3 Months Ended
	Mar. 31, 2017
Leases [Abstract]
Operating Leases of Lessee Disclosure [Table Text Block]	Future minimum lease commitments are as follows: Gross Lease Sublease Year Ending December 31, Payment Income Net Amount 2017 $ 369,621 $ 250,000 $ 119,621 2018 378,862 250,000 128,862 2019 388,333 250,000 138,333 2020 418,604 250,000 168,604 2021 439,350 41,666 397,684 2022 and thereafter 1,666,383 - 1,666,383 Total $ 3,661,153 $ 1,041,666 $ 2,619,487

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Summary of Operating Loss Carryforwards [Table Text Block]	The component of deferred tax assets at March 31, 2017 and December31, 2016is as follows: 2017 2016 Net operating loss carryforwards $ 36,267 $ 97,936
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The provision for income taxes for the three months ended March 31consists of the following: 2017 2016 Current: Federal $ - $ 58,976 State - 34,082 Foreign 288,616 - Total current 288,616 93,058 Deferred: Federal 39,083 - State 22,586 - Foreign - - Total deferred 61,669 - Total $ 350,285 $ 93,058
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	A reconciliation of the provision for income taxes, with the amount computed by applying the statutory federal income tax rate for the three months ended March 31is as follows: 2017 2016 Tax at federal statutory rate 34.0 % 34.0 % State and local taxes, net of federal benefit 10.8 10.8 Tax impact of foreign operations (20.0) - Non-deductible/ non-taxable items (0.1) - Changes in tax reserves - 1.2 Other (2.6) - Total 22.1 % 46.0 %

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	The following is a summary of stock option activity: Weighted- Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Shares Price Life Value Outstanding at December 31, 2016 3,200,000 $ 2.45 6.87 years $ - Granted - - - - Exercised - - - - Cancelled and expired - - - - Forfeited - - - - Outstanding at March 31, 2017 3,200,000 $ 2.45 6.62 years $ - Vested and expected to vest at December March 31, 2017 140,000 $ 1.00 4.50 years $ - Exercisable at March, 2017 140,000 $ 1.00 4.50 years $ -

ORGANIZATION AND BUSINESS (Deta

ORGANIZATION AND BUSINESS (Details Textual)	1 Months Ended
	Oct. 31, 2016USD ($)shares	May 31, 2014shares	Mar. 31, 2017USD ($)	Mar. 31, 2017CNY (¥)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2015GBP (£)	Dec. 29, 2015USD ($)	Dec. 29, 2015HKD
ORGANIZATION AND BUSINESS [Line Items]
Common Stock, Value, Issued | $			$ 41,350		$ 41,350
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	1,500,000
Percentage For Issued and Outstanding Shares of Common Stock	4.63%
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $	$ 210,000
Rongxia Wang [Member]
ORGANIZATION AND BUSINESS [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Equity Method Investment, Ownership Percentage	49.00%
Ye Tian [Member]
ORGANIZATION AND BUSINESS [Line Items]
Equity Method Investment, Ownership Percentage	51.00%
AEC New York [Member]
ORGANIZATION AND BUSINESS [Line Items]
Shares Exchanged By Shareholder		200
AEC Nevada [Member]
ORGANIZATION AND BUSINESS [Line Items]
Shares Exchanged By Shareholder		10,563,000
AEC Southern Management Co [Member]
ORGANIZATION AND BUSINESS [Line Items]
Business Acquisition, Percentage of Voting Interests Acquired	100.00%
Business Acquisition, Capital of Acquired Entity on Incorporation						$ 15,000	£ 10,000
AEC Southern Management Co [Member] | Capital Units [Member]
ORGANIZATION AND BUSINESS [Line Items]
Common Stock, Value, Issued								$ 1,300	HKD 10,000
Qianhai Education Consulting Management Co., Ltd [Member] | Capital Units [Member]
ORGANIZATION AND BUSINESS [Line Items]
Common Stock, Value, Issued			$ 768,000	¥ 5,000,000
Business Acquisition, Percentage of Voting Interests Acquired			100.00%	100.00%

SUMMARY OF SIGNIFICANT ACCOUN32

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Significant Accounting Policies [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	34.00%	34.00%
Allowance for Doubtful Accounts Receivable	$ 63,000		$ 63,000
UNITED STATES
Significant Accounting Policies [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	34.00%
UNITED KINGDOM
Significant Accounting Policies [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	20.00%

CONCENTRATION OF CREDIT AND B33

CONCENTRATION OF CREDIT AND BUSINESS RISK (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Gross Revenue	$ 9,458,706
Customer 1 [Member] | Sales Revenue, Services, Net [Member]
Gross Revenue	$ 1,768,000	$ 562,000
Percentage	18.70%	19.40%
Customer 1 [Member] | Accounts Receivable [Member]
Percentage	3.00%	31.80%
Accounts Receivable	$ 215,000	$ 376,000
Customer 2 [Member] | Sales Revenue, Services, Net [Member]
Gross Revenue	$ 5,609,000	$ 317,000
Percentage	59.30%	11.80%
Customer 2 [Member] | Accounts Receivable [Member]
Percentage	84.20%	8.90%
Accounts Receivable	$ 5,504,000	$ 105,000
Customer 3 [Member] | Sales Revenue, Services, Net [Member]
Gross Revenue		$ 600,000
Percentage		22.40%
Customer 3 [Member] | Accounts Receivable [Member]
Percentage		8.50%
Accounts Receivable		$ 100,000

CONCENTRATION OF CREDIT AND B34

CONCENTRATION OF CREDIT AND BUSINESS RISK (Details Textual)	3 Months Ended
	Mar. 31, 2017USD ($)
Cash, FDIC Insured Amount	$ 250,000
Cash, Uninsured Amount	$ 688,000
Sales Revenue Gross [Member]
Concentration Risk, Percentage	10.00%

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Segment revenue:
Total revenues	$ 9,458,706
Gross profit	3,263,454
Segment assets and liabilities
Segment assets	12,332,552	$ 9,497,593
Segment liabilities	6,311,072	$ 4,705,910
UNITED STATES
Segment revenue:
Total revenues	2,081,493
Gross profit	460,164
Segment assets and liabilities
Segment assets	2,681,058
Segment liabilities	2,652,790
UNITED KINGDOM
Segment revenue:
Total revenues	7,377,213
Gross profit	2,803,290
Segment assets and liabilities
Segment assets	9,651,494
Segment liabilities	3,658,282
Business consulting services
Segment revenue:
Total revenues	9,399,268
Business consulting services | UNITED STATES
Segment revenue:
Total revenues	2,022,055
Business consulting services | UNITED KINGDOM
Segment revenue:
Total revenues	7,377,213
Student VIP services
Segment revenue:
Total revenues	59,438
Student VIP services | UNITED STATES
Segment revenue:
Total revenues	59,438
Student VIP services | UNITED KINGDOM
Segment revenue:
Total revenues	$ 0

DEFERRED COMPENSATION (Details)

DEFERRED COMPENSATION (Details)	Mar. 31, 2017USD ($)
2,017	$ 877,500
2,018	1,170,000
2,019	975,001
Total	$ 3,022,501

DEFERRED COMPENSATION (Details

DEFERRED COMPENSATION (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Oct. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Deferred Compensation Arrangement with Individual, Compensation Expense		$ 292,500	$ 0
Deferred Compensation Equity		3,022,501
AEC Southern Management Co., Ltd. [Member] | Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Shares Issued	1,500,000
Share Price	$ 0.14
Deferred Compensation Equity		180,834
Deferred Compensation Arrangement with Individual, Recorded Liability	$ 210,000
AEC Southern Management Co., Ltd. [Member] | Board of Directors Chairman [Member]
Deferred Compensation Arrangement with Individual, Shares Issued				6,000,000
Share Price				$ 0.55
Deferred Compensation Equity		$ 2,841,667

SECURITY DEPOSITS (Details Text

SECURITY DEPOSITS (Details Textual) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Security Deposits [Line Items]
Deposits Assets, Noncurrent	$ 266,021	$ 266,021

INTANGIBLE ASSET (Details)

INTANGIBLE ASSET (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Intangible asset	$ 612,814	$ 612,814
Less: accumulated amortization	(68,090)	(34,045)
Intangible asset - net	$ 544,724	$ 578,769

INTANGIBLE ASSET (Details 1)

INTANGIBLE ASSET (Details 1) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
2,017	$ 102,136
2,018	136,181
2,019	136,181
2,020	136,181
2,021	34,045
Total	$ 544,724	$ 578,769

INTANGIBLE ASSET (Details Textu

INTANGIBLE ASSET (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Amortization of Intangible Assets	$ 34,045	$ 0

DEFERRED REVENUE (Details Textu

DEFERRED REVENUE (Details Textual) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Deferred Revenue Arrangement [Line Items]
Deferred Revenue, Current	$ 551,035	$ 177,132

RELATED-PARTY TRANSACTIONS (Det

RELATED-PARTY TRANSACTIONS (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Related Party Transaction [Line Items]
Payments for Fees	$ 21,500		$ 21,500
Due to Related Parties, Current	$ 113,906		113,906
Columbia International College, Inc [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Rate	34.00%
Technology Services Costs	$ 0	$ 175,000
Wall Street Innovation Center, Inc [Member]
Related Party Transaction [Line Items]
Accounts Payable, Related Parties, Current	110,000		$ 110,000
Operating Leases, Rent Expense, Sublease Rentals	$ 250,000
Lease Expiration Date	Feb. 28, 2021

LONG-TERM LOAN (Details Textual

LONG-TERM LOAN (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016	Dec. 01, 2014
Debt Instrument [Line Items]
Long-term Debt, Excluding Current Maturities	$ 295,579		$ 295,579	$ 295,579
Debt Instrument, Interest Rate, Effective Percentage				10.00%
Interest Expense, Debt	$ 7,389	$ 7,389
Debt Instrument, Maturity Date	Dec. 12, 2019

LEASE COMMITMENTS (Details)

LEASE COMMITMENTS (Details)	Mar. 31, 2017USD ($)
Operating Leased Assets [Line Items]
2,017	$ 369,621
2,018	378,862
2,019	388,333
2,020	418,604
2,021	439,350
2022 and thereafter	1,666,383
Total	3,661,153
2,017	250,000
2,018	250,000
2,019	250,000
2,020	250,000
2,021	41,666
2022 and thereafter	0
Total	1,041,666
2,017	119,621
2,018	128,862
2,019	138,333
2,020	168,604
2,021	397,684
2022 and thereafter	1,666,383
Total	$ 2,619,487

LEASE COMMITMENTS (Details Text

LEASE COMMITMENTS (Details Textual) - USD ($)	1 Months Ended		3 Months Ended
	Feb. 29, 2016	Mar. 31, 2015	Mar. 31, 2017	Mar. 31, 2016
Operating Leased Assets [Line Items]
Straight Line Rent		$ 34,066
Sublease Two [Member]
Operating Leased Assets [Line Items]
Operating Leases, Rent Expense, Sublease Rentals	$ 250,000
Unrelated Party [Member]
Operating Leased Assets [Line Items]
Operating Leases, Rent Expense			$ 39,698	$ 95,938
Lease Expiration Date			Jul. 31, 2025
Wall Street Innovation Center, Inc [Member]
Operating Leased Assets [Line Items]
Lease Expiration Date			Feb. 28, 2021

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Income Taxes [Line Items]
Net operating loss carryforwards	$ 36,267	$ 97,936

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Current:
Federal	$ 0	$ 58,976
State	0	34,082
Foreign	288,616	0
Total current	288,616	93,058
Deferred:
Federal	39,083	0
State	22,586	0
Foreign	0	0
Total deferred	61,669	0
Total	$ 350,285	$ 93,058

INCOME TAXES (Details 2)

INCOME TAXES (Details 2)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Taxes [Line Items]
Tax at federal statutory rate	34.00%	34.00%
State and local taxes, net of federal benefit	10.80%	10.80%
Tax impact of foreign operations	(20.00%)	0.00%
Non-deductible/ non-taxable items	(0.10%)	0.00%
Changes in tax reserves	0.00%	1.20%
Other	(2.60%)	0.00%
Total	22.10%	46.00%

ISSUANCE OF COMMON STOCK (Detai

ISSUANCE OF COMMON STOCK (Details Textual) - AEC Southern Management Co., Ltd. [Member] - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Oct. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Chief Executive Officer [Member]
Class of Stock [Line Items]
Share-based Compensation		$ 17,500	$ 0
Deferred Compensation Arrangement with Individual, Shares Issued	1,500,000
Share Price	$ 0.14
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Board of Directors Chairman [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues				4,000,000
Share-based Compensation		$ 275,000	$ 0
Deferred Compensation Arrangement with Individual, Shares Issued				6,000,000
Share Price				$ 0.55
Board of Directors Chairman [Member] | Share-based Compensation Award, Tranche One [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues				2,000,000
Issue of Incentive Shares, Minimum Revenue Milestone				$ 20,000,000
Board of Directors Chairman [Member] | Share-based Compensation Award, Tranche Two [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues				2,000,000
Issue of Incentive Shares, Minimum Revenue Milestone				$ 20,000,000

STOCK OPTIONS (Details)

STOCK OPTIONS (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Outstanding at Beginning	3,200,000
Shares, Granted	0
Shares, Exercised	0
Shares, Cancelled and expired	0
Shares, Forfeited	0
Shares, Outstanding at Ending	3,200,000	3,200,000
Shares, Vested and expected to vest at March 31, 2017	140,000
Shares, Exercisable at March 31, 2017	140,000
Weighted Average Exercise, Outstanding at Beginning	$ 2.45
Weighted Average Exercise Price, Granted	0
Weighted Average Exercise Price, Exercised	0
Weighted Average Exercise Price, Cancelled and expired	0
Weighted Average Exercise Price, Forfeited	0
Weighted Average Exercise Price, Outstanding at Ending	2.45	$ 2.45
Weighted Average Exercise Price, Vested and expected to vest at March 31, 2017	1
Weighted Average Exercise Price, Exercisable at March 31, 2017	$ 1
Weighted- Average Remaining Contractual Life, Outstanding	6 years 7 months 13 days	6 years 10 months 13 days
Weighted- Average Remaining Contractual Life, Vested and expected to vest at March 31, 2017	4 years 6 months
Weighted- Average Remaining Contractual Life, Exercisable at March 31, 2017	4 years 6 months
Aggregate Intrinsic Value, Outstanding	$ 0	$ 0
Aggregate Intrinsic Value, Vested and expected to vest at March 31, 2017	0
Aggregate Intrinsic Value, Exercisable at March 31, 2017	$ 0

STOCK OPTIONS (Details Textual)

STOCK OPTIONS (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock or Unit Option Plan Expense	$ 0	$ 0