China Changjiang Mining & New Energy (CHJI) 10-Q 13 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 12, 2015
Document And Entity Information
Entity Registrant Name	CHINA CHANGJIANG MINING & NEW ENERGY COMPANY, LTD.
Entity Central Index Key	29,952
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
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 Common Stock, Shares Outstanding		64,629,559
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,015

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 15,902	$ 72,156
Other current assets and prepayments	78,136	80,535
Total Current Assets	94,038	152,691
Property, plant and equipment, net	264,799	314,480
Land use rights, net	15,487,697	16,323,725
Due from related parties	7,253,401	6,609,329
TOTAL ASSETS	23,099,935	23,400,225
Current Liabilities
Other payables and accrued liabilities	456,551	419,235
Total Current Liabilities	456,551	419,235
Non-current liabilities
Due to related parties	1,604,640	3,275,191
Due to shareholders	3,285,608	3,391,992
Total Long-term Liabilities	$ 4,890,248	$ 6,667,183
SHAREHOLDERS' EQUITY
Series C convertible preferred stock ($0.01 par value, 10,000,000 shares authorized, no shares outstanding as of September 30, 2015 and December 31, 2014)
Common stock ($0.01 par value, 250,000,000 shares authorized, 64,629,559 shares issued and outstanding as of September 30, 2015 and December 31, 2014)	$ 646,295	$ 646,295
Treasury stock	(489,258)	(489,258)
Additional paid-in capital	16,983,091	15,410,640
Accumulated deficit	(2,491,391)	(2,902,291)
Non-controlling interests	1,108,716	1,102,122
Accumulated other comprehensive income	1,995,683	2,546,299
TOTAL SHAREHOLDERS' EQUITY	17,753,136	16,313,807
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 23,099,935	$ 23,400,225

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
SHAREHOLDERS' EQUITY
Series C Convertible preferred stock, par value	$ 0.01	$ 0.01
Series C Convertible preferred stock, Authorized	10,000,000	10,000,000
Series C Convertible preferred stock, outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, Authorized	250,000,000	250,000,000
Common stock, Issued	64,629,559	64,629,559
Common stock, outstanding	64,629,559	64,629,559

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Consolidated Statements Of Income And Comprehensive Income
Sales revenue - related party	$ 304,983	$ 303,014	$ 926,521	$ 915,274
Cost of revenue	16,777	16,968	51,131	51,255
Gross Profit	288,206	286,046	875,390	864,019
Operating expenses
Administrative expenses	$ 30,068	77,680	$ 105,070	179,199
Bad debt expense		46,374		46,374
Depreciation	$ 13,207	13,785	$ 40,249	41,731
Amortization	102,255	103,423	311,639	312,395
Total operating expenses	145,530	241,262	456,958	579,699
Income from operations	142,676	44,784	418,432	284,320
Other Income (Expenses)
Interest income	12	2,325	134	2,372
Interest expenses	(151)	(100)	(584)	(666)
Other expenses	4	(163)	(488)	(163)
Total other income (expense)	(135)	2,062	(938)	1,543
Income before tax	$ 142,541	$ 46,846	$ 417,494	$ 285,863
Income tax expense
Net Income	$ 142,541	$ 46,846	$ 417,494	$ 285,863
Net income attributable to:
Non-controlling interests	2,877	(3,036)	6,594	(8,227)
Common Stockholders	139,664	49,882	410,900	294,090
Other comprehensive loss
Foreign currency translation adjustments	(706,483)	(618)	(552,026)	(128,304)
Total comprehensive income (loss)	$ (563,942)	$ 46,228	$ (134,532)	$ 157,559
Weighted average shares-Basic	64,629,559	64,629,559	64,629,559	64,629,559
Weighted average shares-Diluted	64,629,559	64,629,559	64,629,559	64,629,559
Earnings per share,
Basic	$ 0	$ 0	$ 0.01	$ 0
Diluted	$ 0	$ 0	$ 0.01	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 417,494	$ 285,863
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	$ 351,888	354,126
Bad debt allowance		46,374
Changes in operating assets and liabilities:
Due from Huanghe Bay	$ (926,521)	(915,274)
Other current assets and prepayments	(242)	22,971
Other payables and accrued liabilities	52,627	51,796
CASH USED IN OPERATING ACTIVITIES	$ (104,754)	(154,144)
CASH FLOWS FROM INVESTING ACTIVITIES
Due from related parties		69,943
CASH PROVIDED BY INVESTING ACTIVITIES		69,943
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related parties	$ 50,066	21,641
CASH PROVIDED BY FINANCING ACTIVITIES	50,066	21,641
Effect of exchange rate changes on cash and cash equivalents	(1,566)	(1,737)
NET DECREASE IN CASH	(56,254)	(64,297)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	72,156	159,866
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 15,902	$ 95,569
Supplementary Disclosures for Cash Flow Information:
Interest expense paid
Income taxes paid
Non-cash Transactions:
Extinguishment of related party loan	$ 1,572,451

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	The accounting policies and methods followed in preparing these unaudited consolidated financial statements are those used by China Changjiang Mining And New Energy Company Ltd (the 'Company') as described in the notes to consolidated financial statements included in Annual Report on Form 10-K for the year ended December 31, 2014. The unaudited condensed consolidated financial statements for the nine-month period ended September 30, 2015 and 2014 have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission and do not conform in all respects to the disclosure and information that is required for annual consolidated financial statements. The year-end condensed consolidated balance sheet data was derived from audited consolidated financial statements, but does not include all disclosure required by accounting principles generally accepted in the United States of America. These interim condensed consolidated financial statements should be read in conjunction with the most recent annual consolidated financial statements of the Company. In the opinion of management, all adjustments, all of which are of a normal recurring nature, considered necessary for fair statement have been included in these interim condensed consolidated financial statements. Operating results for the nine-month period ended September 30, 2015 are not indicative of the results that may be expected for the full year ending December 31, 2015. (a) Going Concern The Company had a working capital deficit of $362,513 as of September 30, 2015 and had a negative cash flow from operating activities amounted to $104,754 for the nine months period ended September 30, 2015. If the Company cannot generate enough cash flow from its operating activities, it will need to consider other financing methods such as borrowing from banking institutions or raising additional capital through new equity issuance. There are no assurances that additional funds will be available when needed from any source or, if available, will be available on terms that are acceptable to us. The Company plans to continue to control its administrative expenses in the coming periods as well as further develop its sales from its main business. (b) Foreign Currency Translation Exchange rates applied for the foreign currency translation during the period are as follows: USD to RMB September 30, 2015 December 31, 2014 Period end USD : RMB exchange rate 6.3538 6.1460 Average periodic USD : RMB exchange rate 6.1606 6.1457 USD to HKD September 30, 2015 December 31, 2014 Period end USD : HKD exchange rate 7.7500 7.7580 Average periodic USD : HKD exchange rate 7.7528 7.7519 HKD is pegged to USD and hence there is no significant translation adjustment impact on these consolidated financial statements. RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into USD at the rates used in translation. (c) Earnings/Loss per share Basic earnings/loss per share is computed by dividing earnings/loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings/loss per share is computed in a manner similar to basic earnings/loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.

LAND USE RIGHTS, NET

LAND USE RIGHTS, NET	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 2 - LAND USE RIGHTS, NET	The following is a summary of land use rights, net: September 30, 2015 December 31, 2014 Cost of Land Use Rights $ 20,144,229 $ 20,825,318 Accumulated Amortization of Land Use Rights (4,656,532 ) (4,501,593 ) Land Use Rights, Net $ 15,487,697 $ 16,323,725 The difference for the balance of cost was mainly due to the fluctuation of exchange rate of USD to RMB. Amortization expenses were $311,639 and $312,395 for the nine months ended September 30, 2015 and 2014, respectively.

DUE FROM RELATED PARTIES

DUE FROM RELATED PARTIES	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 3 - DUE FROM RELATED PARTIES	The balance of $7,523,401 due from related parties included loans of $2,787,839 from related parties and accounts receivable of $4,465,562 generated from related parties revenues. (1) Loans from related parties The loans owed by related parties are unsecured and unexpected to be paid within twelve months from September 30, 2015. Loan from related parties consists of the following: September 30, December 31, 2015 2014 Interest Du Kang Liquor Development Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 786,931 $ 813,537 Interest free Shaanxi Du Kang Liquor Group Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,189,189 $ 1,246,025 Interest free Zhongke Aerospace & Agriculture Development Stock Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 444,616 $ 459,649 Interest free Shaanxi Tangrenjie Advertising Co. (Previously "Shaanxi Changjiang Zhongxiayou Investment Co., Ltd), controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 5,115 $ 5,288 Interest free Shaanxi Changfa Industrial Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 361,988 $ 374,227 Interest free Shaanxi East Mining Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ - $ 22,779 Interest free Total $ 2,787,839 $ 2,921,505 In May 2015, the Company moved to a new office that was owned by Shaanxi Du Kang Liquor Group Co., Ltd. The Company is allowed to occupy the space for free. (2) Sales revenue from related parties The Company entered into a lease and a complementary agreement with one of its related parties, Shaanxi Huanghe Bay Springs Lake Theme Park Ltd ("Huanghe"), dated July 26, 2010 and March 25, 2011, respectively. According to the agreements, the use right of a piece of land with the area of 5,706,666.67 square meters was leased to Huanghe for traveling and amusement from January 1, 2011 to December 31, 2029. The annual rent in US dollars is approximately $1.2 million (equivalent to RMB7, 500,000). As of September 30, 2015, the total outstanding receivable balance is $4,426,485. The Company provided solar power to one of its related parties, Heyang County Huanghe Bay Resort Hotel Co., Ltd. As of September 30, 2015, the total outstanding receivable balance is $39,077. Accounts receivable from related parties consists of the following: September 30, 2015 December 31, 2014 Interest Shaanxi Huanghe Bay Springs Lake Theme Park Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 4,426,485 $ 3,660,918 Interest free Heyang County Huanghe Bay Resort Hotel Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 39,077 $ 26,906 Interest free Total $ 4,465,562 $ 3,687,824

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 4 - DUE TO RELATED PARTIES	The balance of $1,604,640 due to related parties represents the loans owed to related parties, which are interest free, unsecured and unexpected to be paid within twelve months from September 30, 2015. Due to related parties consists of the following. September 30, 2015 December 31, 2014 Huitong World Property Superintendent Company, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 393,465 $ 406,769 Zhongke Lvxiang Development Stock Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,101,703 $ 1,138,952 Shaanxi Dukang Liquor Trading Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 41,236 $ 16,759 Shaanxi East Mining Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 57,833 $ 1,701,956 Baishui Du Kang Brand Management Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 9,443 $ 9,762 Shaanxi Xidenghui Technology Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 960 $ 993 Total $ 1,604,640 $ 3,275,191 On September 15, 2015, the Company was exempt from the loan of RMB 10,000,000 (approximately $1,572, 451) owed to Shaanxi East Mining Co., Ltd, a company owned by Zhang Hongjun (70% ownership) and Wang Shengli (30% ownership). As both Shaanxi East Mining Co., Ltd and the Company are under common control of Zhang Hongjun and Wang Shengli, the extinguishment of related party loan is accounted for as a transaction between entities under common control with $1,572,451 recorded as an adjustment to stockholders' equity (additional paid-in capital).

DUE TO SHAREHOLDERS

DUE TO SHAREHOLDERS	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 5 - DUE TO SHAREHOLDERS	The balance of $3,285,608 due to shareholders represents the loans owed to the shareholders, which are interest free and unsecured. The management does not intend to repay the loans within twelve months from September 30, 2015. Due to shareholders consists of the following: September 30, 2015 December 31, 2014 Due to Wang Shengli $ 1,736,581 $ 1,795,296 Due to Zhang Hongjun 954,862 987,147 Due to Chen Min $ 594,165 $ 609,549 $ 3,285,608 $ 3,391,992

INCOME TAX

INCOME TAX	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 6 - INCOME TAX	The Company did not have income tax expense or income tax payable due to the use of net loss carryover from prior years. As of September 30, 2015, the Company had net taxable operating loss carryforwards of approximately $1,660,911. The PRC Income Tax allows the enterprises to offset their future taxable income with taxable operating losses carried forward in a 5-year period. The Management believes that the Company's cumulative losses arising from recurring business in recent years constituted significant negative evidence that most of the deferred tax assets would not be realizable and this evidence outweighed the expectations that the Company would generate future taxable income. The valuation allowance of $415,228 was recorded. Components of the Company's net deferred tax assets are set forth below: September 30, 2015 December 31, 2014 Deferred tax assets Net operating loss carry-forward $ 415,228 $ 185,148 Total of Deferred tax assets $ 415,228 $ 185,148 Less: valuation allowance $ (415,228 ) $ (185,148 ) Net deferred assets $ - $ -

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2015
Notes to Financial Statements
Note 7 - SEGMENT INFORMATION	The Company operates in two reportable segments, land use right leasing and solar PV energy. Summarized information by business segment for the three and nine months ended September 30, 2015 and 2014 is as follows. For the Three months ended September 30, For the Nine months ended September 30, 2015 2014 2015 2014 Revenue $ $ Land use right leasing 299,594 303,014 913,060 915,274 Solar PV energy 5,389 13,461 - Cost of revenue Land use right leasing 16,777 16,968 51,131 51,255 Solar PV energy - - - - Gross Profits Land use right leasing 282,817 286,046 861,929 864,019 Solar PV energy 5,389 - 13,461 - The Company evaluates segment performance based on income from operations. As a result, the components of operating income for one segment may not be comparable to another segment.

SUMMARY OF SIGNIFICANT ACCOUN13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2015
Summary Of Significant Accounting Policies Policies
Going Concern	The Company had a working capital deficit of $362,513 as of September 30, 2015 and had a negative cash flow from operating activities amounted to $104,754 for the nine months period ended September 30, 2015. If the Company cannot generate enough cash flow from its operating activities, it will need to consider other financing methods such as borrowing from banking institutions or raising additional capital through new equity issuance. There are no assurances that additional funds will be available when needed from any source or, if available, will be available on terms that are acceptable to us. The Company plans to continue to control its administrative expenses in the coming periods as well as further develop its sales from its main business.
Foreign Currency Translation	Exchange rates applied for the foreign currency translation during the period are as follows: USD to RMB September 30, 2015 December 31, 2014 Period end USD : RMB exchange rate 6.3538 6.1460 Average periodic USD : RMB exchange rate 6.1606 6.1457 USD to HKD September 30, 2015 December 31, 2014 Period end USD : HKD exchange rate 7.7500 7.7580 Average periodic USD : HKD exchange rate 7.7528 7.7519 HKD is pegged to USD and hence there is no significant translation adjustment impact on these consolidated financial statements. RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into USD at the rates used in translation.
Earning/Loss per share	Basic earnings/loss per share is computed by dividing earnings/loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings/loss per share is computed in a manner similar to basic earnings/loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2015
Summary Of Significant Accounting Policies Tables
Exchange rates applied for foreign currency translation	USD to RMB September 30, 2015 December 31, 2014 Period end USD : RMB exchange rate 6.3538 6.1460 Average periodic USD : RMB exchange rate 6.1606 6.1457 USD to HKD September 30, 2015 December 31, 2014 Period end USD : HKD exchange rate 7.7500 7.7580 Average periodic USD : HKD exchange rate 7.7528 7.7519

LAND USE RIGHTS, NET (Tables)

LAND USE RIGHTS, NET (Tables)	9 Months Ended
	Sep. 30, 2015
Land Use Rights Net Tables
Summary of land use rights, net	September 30, 2015 December 31, 2014 Cost of Land Use Rights $ 20,144,229 $ 20,825,318 Accumulated Amortization of Land Use Rights (4,656,532 ) (4,501,593 ) Land Use Rights, Net $ 15,487,697 $ 16,323,725

DUE FROM RELATED PARTIES (Table

DUE FROM RELATED PARTIES (Tables)	9 Months Ended
	Sep. 30, 2015
Due From Related Parties Tables
Due from related parties	September 30, December 31, 2015 2014 Interest Du Kang Liquor Development Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 786,931 $ 813,537 Interest free Shaanxi Du Kang Liquor Group Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,189,189 $ 1,246,025 Interest free Zhongke Aerospace & Agriculture Development Stock Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 444,616 $ 459,649 Interest free Shaanxi Tangrenjie Advertising Co. (Previously "Shaanxi Changjiang Zhongxiayou Investment Co., Ltd), controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 5,115 $ 5,288 Interest free Shaanxi Changfa Industrial Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 361,988 $ 374,227 Interest free Shaanxi East Mining Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ - $ 22,779 Interest free Total $ 2,787,839 $ 2,921,505
Accounts receivable from related parties	September 30, 2015 December 31, 2014 Interest Shaanxi Huanghe Bay Springs Lake Theme Park Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 4,426,485 $ 3,660,918 Interest free Heyang County Huanghe Bay Resort Hotel Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 39,077 $ 26,906 Interest free Total $ 4,465,562 $ 3,687,824

DUE TO RELATED PARTIES (Tables)

DUE TO RELATED PARTIES (Tables)	9 Months Ended
	Sep. 30, 2015
Due To Related Parties Tables
Due to related parties	September 30, 2015 December 31, 2014 Huitong World Property Superintendent Company, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 393,465 $ 406,769 Zhongke Lvxiang Development Stock Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,101,703 $ 1,138,952 Shaanxi Dukang Liquor Trading Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 41,236 $ 16,759 Shaanxi East Mining Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 57,833 $ 1,701,956 Baishui Du Kang Brand Management Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 9,443 $ 9,762 Shaanxi Xidenghui Technology Co., Ltd, controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 960 $ 993 Total $ 1,604,640 $ 3,275,191

DUE TO SHAREHOLDERS (Tables)

DUE TO SHAREHOLDERS (Tables)	9 Months Ended
	Sep. 30, 2015
Due To Shareholders Tables
Due to shareholders	September 30, 2015 December 31, 2014 Due to Wang Shengli $ 1,736,581 $ 1,795,296 Due to Zhang Hongjun 954,862 987,147 Due to Chen Min $ 594,165 $ 609,549 $ 3,285,608 $ 3,391,992

INCOME TAX (Tables)

INCOME TAX (Tables)	9 Months Ended
	Sep. 30, 2015
Income Tax Tables
Components of deferred tax assets	September 30, 2015 December 31, 2014 Deferred tax assets Net operating loss carry-forward $ 415,228 $ 185,148 Total of Deferred tax assets $ 415,228 $ 185,148 Less: valuation allowance $ (415,228 ) $ (185,148 ) Net deferred assets $ - $ -

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Sep. 30, 2013
Segment Information Tables
Summarized information by business segment	For the Three months ended September 30, For the Nine months ended September 30, 2015 2014 2015 2014 Revenue $ $ Land use right leasing 299,594 303,014 913,060 915,274 Solar PV energy 5,389 13,461 - Cost of revenue Land use right leasing 16,777 16,968 51,131 51,255 Solar PV energy - - - - Gross Profits Land use right leasing 282,817 286,046 861,929 864,019 Solar PV energy 5,389 - 13,461 -

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
USD to RMB [Member]
Period end exchange rate	6.3538	6.1460
Average periodic exchange rate	6.1606	6.1457
USD to HKD [Member]
Period end exchange rate	7.7500	7.7580
Average periodic exchange rate	7.7528	7.7519

SUMMARY OF SIGNIFICANT ACCOUN22

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Summary Of Significant Accounting Policies Details Narrative
Working capital deficit	$ 362,513
Net cash used in operating activities	$ (104,754)	$ (154,144)

LAND USE RIGHTS, NET (Details)

LAND USE RIGHTS, NET (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Land Use Rights Net Details
Cost of Land Use Rights	$ 20,144,229	$ 20,825,318
Accumulated Amortization of Land Use Rights	(4,656,532)	(4,501,593)
Land Use Rights, Net	$ 15,487,697	$ 16,323,725

LAND USE RIGHTS, NET (Details N

LAND USE RIGHTS, NET (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Land Use Rights Net Details Narrative
Amortization expenses	$ 102,255	$ 103,423	$ 311,639	$ 312,395

DUE FROM RELATED PARTIES (Detai

DUE FROM RELATED PARTIES (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Due from related parties non current	$ 2,787,839	$ 2,921,505
Du Kang Liquor Development Co Ltd [Member]
Due from related parties non current	$ 786,931	$ 813,537
Interest	Interest free	Interest free
Shaanxi Du Kang Liquor Group Co Ltd [Member]
Due from related parties non current	$ 1,189,189	$ 1,246,025
Interest	Intrest free	Interest free
Zhongke Aerospace And Agriculture Development Stock Co Ltd [Member]
Due from related parties non current	$ 444,616	$ 459,649
Interest	Interest free	Interest free
Shaanxi Tangrenjie Advertising Co [Member]
Due from related parties non current	$ 5,115	$ 5,288
Interest	Interest free	Interest free
Shaanxi Changfa Industrial Co LTD [Member]
Due from related parties non current	$ 361,988	$ 374,227
Interest	Interest free	Interest free
Shaanxi East Mining Co Ltd [Member]
Due from related parties non current		$ 22,779
Interest	Interest free	Interest free

DUE FROM RELATED PARTIES (Det26

DUE FROM RELATED PARTIES (Details 1) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Due from related parties non current	$ 4,465,562	$ 3,687,824
Shaanxi Huanghe Bay Springs Lake Theme Park Ltd [Member]
Due from related parties non current	$ 4,426,485	$ 3,660,918
Interest	Interest free	Interest free
Heyang County Huanghe Bay Resort Hotel [Member]
Due from related parties non current	$ 39,077	$ 26,906
Interest	Interest free	Interest free

DUE FROM RELATED PARTIES (Det27

DUE FROM RELATED PARTIES (Details Narrative) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Due from related parties non current	$ 4,465,562	$ 3,687,824
Heyang County Huanghe Bay Resort Hotel [Member]
Due from related parties non current	39,077	26,906
Shaanxi Huanghe Bay Springs Lake Theme Park Ltd [Member]
Due from related parties non current	$ 4,426,485	$ 3,660,918

DUE TO RELATED PARTIES (Details

DUE TO RELATED PARTIES (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Due to related parties	$ 1,604,640	$ 3,275,191
Due to Huiton World Property Superintendent Company [Member]
Due to related parties	393,465	406,769
Due to Zhongke Lvxiang Development Stock Co Ltd [Member]
Due to related parties	1,101,703	1,138,952
Due to Shaanxi Dukang Liquor Trading Co., Ltd [Member]
Due to related parties	41,236	16,759
Shaanxi East Mining Co Ltd [Member]
Due to related parties	57,833	1,701,956
Due to Baishui Du Kang Brand Management Co Ltd [Member]
Due to related parties	9,443	9,762
Due to Shaanxi Xidenghui Technology Co Ltd [Member]
Due to related parties	$ 960	$ 993

DUE TO RELATED PARTIES (Detai29

DUE TO RELATED PARTIES (Details Narrative) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Due To Related Parties Details Narrative
Due to related parties	$ 1,604,640	$ 3,275,191

DUE TO SHAREHOLDERS (Details)

DUE TO SHAREHOLDERS (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Due to shareholders	$ 3,285,608	$ 3,391,992
Due to Wang Shengli [Member]
Due to shareholders	1,736,581	1,795,296
Due to Zhang Hongjun [Member]
Due to shareholders	954,862	987,147
Due to Chen Min [Member]
Due to shareholders	$ 594,165	$ 609,549

DUE TO SHAREHOLDERS (Details Na

DUE TO SHAREHOLDERS (Details Narrative) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Due To Shareholders Details Narrative
Due to shareholders	$ 3,285,608	$ 3,391,992

INCOME TAX (Details)

INCOME TAX (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Deferred tax assets
Net operating loss carry-forward	$ 415,228	$ 185,148
Total of Deferred tax assets	415,228	185,148
Less: valuation allowance	$ (415,228)	$ (185,148)
Net deferred assets

INCOME TAX (Details Narrative)

INCOME TAX (Details Narrative)	Sep. 30, 2015USD ($)
Income Tax Details Narrative
Net taxable operating loss	$ 1,660,911

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Cost of revenue	$ 16,777	$ 16,968	$ 51,131	$ 51,255
Gross Profits	288,206	286,046	875,390	864,019
Land use right leasing [Member]
Revenue	299,594	303,014	913,060	915,274
Cost of revenue	16,777	16,968	51,131	51,255
Gross Profits	282,817	$ 286,046	861,929	$ 864,019
Solar PV energy [Member]
Revenue	$ 5,389		$ 13,461
Cost of revenue
Gross Profits	$ 5,389		$ 13,461