China Changjiang Mining & New Energy (CHJI) 10-Q 16 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 13, 2016
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	Mar. 31, 2016
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	Q1
Document Fiscal Year Focus	2,016

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 11,667	$ 13,550
Other current assets and prepayments	3,263	1,875
Total Current Assets	14,930	15,425
Property, plant and equipment, net	239,489	246,480
Land use rights, net	15,063,169	15,062,438
Due from related parties	1,184,073	1,176,265
TOTAL ASSETS	16,501,661	16,500,608
Current Liabilities
Other payables and accrued liabilities	1,294,628	1,283,682
Total Current Liabilities	1,294,628	1,283,682
Non-current liabilities
Due to related parties	543,210	510,356
Due to shareholders	3,239,643	3,219,177
Total Long-term Liabilities	3,782,853	3,729,533
Total Liabilities	5,077,481	5,013,215
SHAREHOLDERS' EQUITY
Common stock ($0.01 par value, 250,000,000 shares authorized, 64,629,559 shares issued and outstanding as of March 31, 2016 and December 31, 2015)	646,295	646,295
Treasury stock	(489,258)	(489,258)
Additional paid-in capital	15,906,150	15,906,150
Accumulated deficit	(7,534,527)	(7,403,166)
Non-controlling interests	939,987	947,275
Accumulated other comprehensive income	1,955,533	1,880,097
TOTAL SHAREHOLDERS' EQUITY	11,424,180	11,487,393
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 16,501,661	$ 16,500,608
Series C Preferred Stock [Member]
SHAREHOLDERS' EQUITY
Series C convertible preferred stock ($0.01 par value, 10,000,000 shares authorized, no shares outstanding as of March 31, 2016 and December 31, 2015)

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
EQUITY
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
Series C Preferred Stock [Member]
EQUITY
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, Authorized	10,000,000	10,000,000
Preferred stock, outstanding	0	0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Consolidated Statements Of Income And Comprehensive Income Loss
Sales revenue - related party		$ 309,183
Cost of revenue		17,113
Gross Profit		292,070
Operating expenses
Administrative expenses	$ 32,161	36,945
Depreciation	8,507	13,470
Amortization	97,861	104,300
Total operating expenses	138,529	154,715
Income (loss) from operations	$ (138,529)	137,355
Other Income (Expenses)
Interest income		91
Interest expenses	$ (120)	(314)
Total Other Expenses	(120)	(223)
Income (loss) before tax	$ (138,649)	$ 137,132
Income tax expense (benefit)
Net (loss) income	$ (138,649)	$ 137,132
Net income (loss) attributable to:
Non-controlling interests	(7,288)	1,615
Common Stockholders	(131,361)	135,517
Other comprehensive income (loss)
Foreign currency translation adjustments	75,436	100,081
Total Comprehensive Income (Loss)	$ (63,213)	$ 237,213
Weighted average shares-Basic	64,629,559	64,629,559
Weighted average shares-Diluted	64,629,559	64,629,559
Earnings per share,
Basic	$ 0	$ 0
Diluted	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (138,649)	$ 137,132
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	$ 106,368	117,770
Changes in operating assets and liabilities:
Due from Huanghe Bay		(309,183)
Other current assets and prepayments	$ (1,356)	706
Other payables and accrued liabilities	2,391	16,831
CASH USED IN OPERARATIONS	$ (31,246)	(36,744)
CASH FLOWS FROM INVESTING ACTIVITIES
Due from related parties		16,657
CASH PROVIDED BY INVESTING ACTIVITIES		$ 16,657
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related parties	$ 29,054
CASH PROVIDED BY FINANCING ACTIVITIES	29,054
Effect of exchange rate changes on cash and cash equivalents	309	$ 578
NET DECREASE IN CASH	(1,883)	(19,509)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	13,550	72,156
CASH AND CASH EQUIVALENTS AT END OF YEAR	$ 11,667	$ 52,647
Supplementary Disclosures for Cash Flow Information:
Income taxes paid
Interest expense

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2016
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 & New Energy Co., Ltd. and its consolidated subsidiaries (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, 2015. The unaudited consolidated financial statements for the three-month period ended March 31, 2016 and 2015 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 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 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 consolidated financial statements. Operating results for the three-month period ended March 31, 2016 are not indicative of the results that may be expected for the full year ending December 31, 2016. (a) Going Concern The Company had a working capital deficit of $1,279,698 as of March 31, 2016 and had a negative cash flow from operating activities amounted to $31,246 for the three months period ended March 31, 2016. 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 March 31, 2016 December 31, 2015 Period end USD : RMB exchange rate 6.4479 6.4907 Average periodic USD : RMB exchange rate 6.5395 6.2175 USD to HKD March 31, 2016 December 31, 2015 Period end USD : HKD exchange rate 7.7548 7.7504 Average periodic USD : HKD exchange rate 7.7734 7.7521 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. (d) Recent Accounting Pronouncements In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing". The amendments in this ASU add further guidance on identifying performance obligations and also to improve the operability and understandability of the licensing implementation guidance. The amendments do not change the core principle of the guidance in Topic 606. The effective date and transition requirements for the amendments are the same as the effective date and transition requirements in Topic 606. Public entities should apply the amendments for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. Early application for public entities is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements. In May 2016, the FASB issued ASU 2016-12, "Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients". The amendments in this ASU, among other things: (1) clarify the objective of the collectibility criterion for applying paragraph 606-10-25-7; (2) permit an entity to exclude amounts collected from customers for all sales (and other similar) taxes from the transaction price; (3) specify that the measurement date for noncash consideration is contract inception; (4) provide a practical expedient that permits an entity to reflect the aggregate effect of all modifications that occur before the beginning of the earliest period presented when identifying the satisfied and unsatisfied performance obligations, determining the transaction price, and allocating the transaction price to the satisfied and unsatisfied performance obligations; (5) clarify that a completed contract for purposes of transition is a contract for which all (or substantially all) of the revenue was recognized under legacy GAAP before the date of initial application, and (6) clarify that an entity that retrospectively applies the guidance in Topic 606 to each prior reporting period is not required to disclose the effect of the accounting change for the period of adoption. The effective date of these amendments is at the same date that Topic 606 is effective. Topic 606 is effective for public entities for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

LAND USE RIGHTS, NET

LAND USE RIGHTS, NET	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 2 - LAND USE RIGHTS, NET	The following is a summary of land use rights, net: March 31, 2016 December 31, 2015 Cost of Land Use Rights $ 19,850,246 $ 19,719,353 Accumulated Amortization of Land Use Rights (4,787,077 ) (4,656,915 ) Land Use Rights, Net $ 15,063,169 $ 15,062,438 The difference for the balance of cost was mainly due to the fluctuation of exchange rate of USD to RMB. Amortization expenses were $97,861 and $104,300 for the three months ended March 31, 2016 and 2015, respectively.

DUE FROM RELATED PARTIES

DUE FROM RELATED PARTIES	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 3 - DUE FROM RELATED PARTIES	The balance of $1,184,073 due from related parties included loans of $1,176,874 from related parties and accounts receivable of $7,199 generated from related parties revenues. (1) Loans from related parties The loans owed by related parties are unsecured, interest free and not expected to be paid within twelve months from March 31, 2016. Loan from related parties consists of the following: March 31, December 31, 2016 2015 Interest Shaanxi Du Kang Liquor Group Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,171,834 $ 1,164,107 Interest free Shaanxi Tangrenjie Advertising Media Co., Ltd. (Previously Shaanxi Changjiang Zhongxiayou Investment Co., Ltd.), manager of which is Zhang Hongjun, the Director and principal shareholder of the Company $ 5,040 $ 5,007 Interest free Total $ 1,176,874 $ 1,169,114 In April 2015, Shaanxi Changjiang moved to a new office that is owned by Shaanxi Baishui Dukang Liquor Co., Ltd., a related company. Shaanxi Changjiang 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 Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd, a company owed by Zhang Hongjun (82% ownership), 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 Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd. 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 RMB 7,500,000). As of March 31, 2016, the Company only received rent payment for year 2011 and no any collection afterward. Due to the uncertain collectability, the Company decided to write off all the uncollected receivables related to land lease in the amount of $3,618,818 (equivalent to RMB 22,500,000) and decided not to recognize any revenue for the year ended December 31, 2015 and thereafter. The Company provided solar power to one of its related parties, Heyang County Huanghe Bay Resort Hotel Co., Ltd. since 2014. As of December 31, 2015, no collection has been received. The Company wrote off the receivable balance of $26,597 (equivalent to RMB 165,366) for 2014 and the remaining receivable balance was $7,151 at December 31, 2015. Accounts receivable from related parties consists of the following: March 31, December 31, 2016 2015 Interest Heyang County Huanghe Bay Resort Hotel Co.,Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 7,199 $ 7,151 Interest free Total $ 7,199 $ 7,151

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 4 - DUE TO RELATED PARTIES	The balance of $543,210 due to related parties represents the loans owed to related parties, which are interest free, unsecured and the Company does not intend to be repay within twelve months from March 31, 2016. Due to related parties consists of the following. March 31, December 31, 2016 2015 Baishui Dukang Marketing Management Co., Ltd. (Previously Huitong World Property Superintendent Co.,Ltd.), controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 387,723 $ 385,166 Shaanxi Dukang Liquor Trading Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 88,246 $ 58,391 Shaanxi East Mining Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 56,990 $ 56,614 Baishui Du Kang Brand Management Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 9,305 $ 9,244 Shaanxi Xi Deng Hui Development Stock Co., Ltd., 29.74% equity interest of which is owned by Zhang Hong Jun, the Director and principal shareholder of the Company, and senior executives of which are Wang Sheng Li, Li Ping and Tian Hailong, the directors and shareholders of the Company $ 946 $ 941 Total $ 543,210 $ 510,356 The office space occupied by Shaanxi Pacific is a property owned by Zhang Hongjun, the Company is allowed to use it for free. The office space occupied by Changjiang PV is a property owned by Shaanxi Xi Deng Hui Development Stock Co., Ltd., a related party. The Company is allowed to use it for free.

DUE TO SHAREHOLDERS

DUE TO SHAREHOLDERS	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 5 - DUE TO SHAREHOLDERS	The balance of $3,239,643 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 March 31, 2016. Due to shareholders consists of the following: March 31, 2016 December 31, 2015 Due to Wang Shengli $ 1,711,237 $ 1,699,954 Due to Zhang Hongjun 940,928 934,722 Due to Chen Min $ 587,478 $ 584,501 $ 3,239,643 $ 3,219,177

INCOME TAX

INCOME TAX	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016, the Company had net taxable operating loss carry forwards of approximately $1,545,778. 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 $386,445 was recorded. Components of the Company's net deferred tax assets are set forth below: March 31, 2016 December 31, 2015 Deferred tax assets Net operating loss carry-forward $ 386,445 $ 376,415 Total of Deferred tax assets $ 386,445 $ 376,415 Less: valuation allowance $ (386,445 ) $ (376,415 ) Net deferred assets $ - $ -

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 7 - SEGMENT INFORMATION	The Company operated in two reportable segments, Land use right leasing, and Solar PV energy for the three months ended March 31, 2016. The Company did not recognize Land use right leasing revenue for the three months ended March 31, 2016 because of the uncertain collectability of the revenues. See Note 3. Summarized information by business segment for the three months ended March 31, 2016 and 2015 is as follows. For the Three months ended March 31, 2016 2015 Revenue Land use right leasing $ - $ 305,584 Solar PV energy $ - $ 3,599 Cost of revenue Land use right leasing $ - $ 17,113 Solar PV energy $ - $ - Gross Profits Land use right leasing $ - $ 288,471 Solar PV energy $ - $ 3,599 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Note 8 - SUBSEQUENT EVENTS	On April 12, 2016, the Company borrowed loan of $21,666 (RMB140,000) from Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd, a related party of the Company, for daily operating purpose. The loan is interest free, unsecured, and matures in April 2017. On April 28, 2016, the Company borrowed a loan of $3,080 (RMB20,000) from Shaanxi Dukang Liquor Trading Co., Ltd, a related party of the Company, for daily operating purpose. The loan is interest free, unsecured, and matures in April 2017. On April 29, 2016, the cancellation of Shaanxi East Mining Co., Ltd., a related party of the Company, was approved by the Administration of Industry and Commerce of Shaanxi Province. The principal shareholder of Shaanxi East Mining Co., Ltd. was Zhang Hongjun, the controlling person of the Company. As of March 31, 2016, the Company owed $56,990 to Shaanxi East Mining Co., Ltd.

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2016
Summary Of Significant Accounting Policies Policies
Going Concern	The Company had a working capital deficit of $1,279,698 as of March 31, 2016 and had a negative cash flow from operating activities amounted to $31,246 for the three months period ended March 31, 2016. 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 March 31, 2016 December 31, 2015 Period end USD : RMB exchange rate 6.4479 6.4907 Average periodic USD : RMB exchange rate 6.5395 6.2175 USD to HKD March 31, 2016 December 31, 2015 Period end USD : HKD exchange rate 7.7548 7.7504 Average periodic USD : HKD exchange rate 7.7734 7.7521 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.
Recent Accounting Pronouncements	In April 2016, the FASB issued ASU 2016-10, "Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing". The amendments in this ASU add further guidance on identifying performance obligations and also to improve the operability and understandability of the licensing implementation guidance. The amendments do not change the core principle of the guidance in Topic 606. The effective date and transition requirements for the amendments are the same as the effective date and transition requirements in Topic 606. Public entities should apply the amendments for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. Early application for public entities is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements. In May 2016, the FASB issued ASU 2016-12, "Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients". The amendments in this ASU, among other things: (1) clarify the objective of the collectibility criterion for applying paragraph 606-10-25-7; (2) permit an entity to exclude amounts collected from customers for all sales (and other similar) taxes from the transaction price; (3) specify that the measurement date for noncash consideration is contract inception; (4) provide a practical expedient that permits an entity to reflect the aggregate effect of all modifications that occur before the beginning of the earliest period presented when identifying the satisfied and unsatisfied performance obligations, determining the transaction price, and allocating the transaction price to the satisfied and unsatisfied performance obligations; (5) clarify that a completed contract for purposes of transition is a contract for which all (or substantially all) of the revenue was recognized under legacy GAAP before the date of initial application, and (6) clarify that an entity that retrospectively applies the guidance in Topic 606 to each prior reporting period is not required to disclose the effect of the accounting change for the period of adoption. The effective date of these amendments is at the same date that Topic 606 is effective. Topic 606 is effective for public entities for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2016
Summary Of Significant Accounting Policies Tables
Exchange rates applied for foreign currency translation	Exchange rates applied for the foreign currency translation during the period are as follows: USD to RMB March 31, 2016 December 31, 2015 Period end USD : RMB exchange rate 6.4479 6.4907 Average periodic USD : RMB exchange rate 6.5395 6.2175 USD to HKD March 31, 2016 December 31, 2015 Period end USD : HKD exchange rate 7.7548 7.7504 Average periodic USD : HKD exchange rate 7.7734 7.7521

LAND USE RIGHTS, NET (Tables)

LAND USE RIGHTS, NET (Tables)	3 Months Ended
	Mar. 31, 2016
Land Use Rights Net Tables
Summary of land use rights, net	Due to shareholders consists of the following: March 31, 2016 December 31, 2015 Due to Wang Shengli $ 1,711,237 $ 1,699,954 Due to Zhang Hongjun 940,928 934,722 Due to Chen Min $ 587,478 $ 584,501 $ 3,239,643 $ 3,219,177

DUE FROM RELATED PARTIES (Table

DUE FROM RELATED PARTIES (Tables)	3 Months Ended
	Mar. 31, 2016
Due From Related Parties Tables
Loans receivable related parties	Loan from related parties consists of the following: March 31, December 31, 2016 2015 Interest Shaanxi Du Kang Liquor Group Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 1,171,834 $ 1,164,107 Interest free Shaanxi Tangrenjie Advertising Media Co., Ltd. (Previously Shaanxi Changjiang Zhongxiayou Investment Co., Ltd.), manager of which is Zhang Hongjun, the Director and principal shareholder of the Company $ 5,040 $ 5,007 Interest free Total $ 1,176,874 $ 1,169,114
Accounts receivable related parties	Accounts receivable from related parties consists of the following: March 31, December 31, 2016 2015 Interest Heyang County Huanghe Bay Resort Hotel Co.,Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 7,199 $ 7,151 Interest free Total $ 7,199 $ 7,151

DUE TO RELATED PARTIES (Tables)

DUE TO RELATED PARTIES (Tables)	3 Months Ended
	Mar. 31, 2016
Due To Related Parties Tables
Due to related parties	Due to related parties consists of the following. March 31, December 31, 2016 2015 Baishui Dukang Marketing Management Co., Ltd. (Previously Huitong World Property Superintendent Co.,Ltd.), controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 387,723 $ 385,166 Shaanxi Dukang Liquor Trading Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 88,246 $ 58,391 Shaanxi East Mining Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 56,990 $ 56,614 Baishui Du Kang Brand Management Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company $ 9,305 $ 9,244 Shaanxi Xi Deng Hui Development Stock Co., Ltd., 29.74% equity interest of which is owned by Zhang Hong Jun, the Director and principal shareholder of the Company, and senior executives of which are Wang Sheng Li, Li Ping and Tian Hailong, the directors and shareholders of the Company $ 946 $ 941 Total $ 543,210 $ 510,356

DUE TO SHAREHOLDERS (Tables)

DUE TO SHAREHOLDERS (Tables)	3 Months Ended
	Mar. 31, 2016
Due To Shareholders Tables
Due to shareholders	Due to shareholders consists of the following: March 31, 2016 December 31, 2015 Due to Wang Shengli $ 1,711,237 $ 1,699,954 Due to Zhang Hongjun 940,928 934,722 Due to Chen Min $ 587,478 $ 584,501 $ 3,239,643 $ 3,219,177

INCOME TAX (Tables)

INCOME TAX (Tables)	3 Months Ended
	Mar. 31, 2016
Income Tax Tables
Components of the Company's net deferred tax	Components of the Company's net deferred tax assets are set forth below: March 31, 2016 December 31, 2015 Deferred tax assets Net operating loss carry-forward $ 386,445 $ 376,415 Total of Deferred tax assets $ 386,445 $ 376,415 Less: valuation allowance $ (386,445 ) $ (376,415 ) Net deferred assets $ - $ -

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Information Tables
Summarized information by business segment	Summarized information by business segment for the three months ended March 31, 2016 and 2015 is as follows. For the Three months ended March 31, 2016 2015 Revenue Land use right leasing $ - $ 305,584 Solar PV energy $ - $ 3,599 Cost of revenue Land use right leasing $ - $ 17,113 Solar PV energy $ - $ - Gross Profits Land use right leasing $ - $ 288,471 Solar PV energy $ - $ 3,599

SUMMARY OF SIGNIFICANT ACCOUN22

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
USD to RMB [Member]
Period end exchange rate	6.4479	6.4907
Average periodic exchange rate	6.5395	6.2175
USD to HKD [Member]
Period end exchange rate	7.7548	7.7504
Average periodic exchange rate	7.7734	7.7521

SUMMARY OF SIGNIFICANT ACCOUN23

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Summary Of Significant Accounting Policies Details Narrative
Working capital deficit	$ 1,279,698
Cash flow from operating activities	$ (31,246)	$ (36,744)

LAND USE RIGHTS, NET (Details)

LAND USE RIGHTS, NET (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Land Use Rights Net Details
Cost of Land use right	$ 19,850,246	$ 19,719,353
Accumulated Amortization of Land use right	(4,787,077)	(4,656,915)
Land Use Rights, Net	$ 15,063,169	$ 15,062,438

LAND USE RIGHTS, NET (Details N

LAND USE RIGHTS, NET (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Land Use Rights Net Details Narrative
Amortization expenses	$ 97,861	$ 104,300

DUE FROM RELATED PARTIES (Detai

DUE FROM RELATED PARTIES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Due from related parties non current	$ 1,176,874	$ 1,169,114
Shaanxi Du Kang Liquor Group Co., Ltd. [Member]
Due from related parties non current	$ 1,171,834	$ 1,164,107
Interest	Interest free	Interest free
Shaanxi Tangrenjie Advertising Media Co., Ltd. [Member]
Due from related parties non current	$ 5,040	$ 5,007
Interest	Interest free	Interest free

DUE FROM RELATED PARTIES (Det27

DUE FROM RELATED PARTIES (Details 1) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Due from related parties non current	$ 7,199	$ 7,151
Heyang County Huanghe Bay Resort Hotel Co., Ltd.[Member]
Due from related parties non current	$ 7,199	$ 7,151
Interest	Interest free	Interest free

DUE FROM RELATED PARTIES (Det28

DUE FROM RELATED PARTIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 31, 2016
Due From Related Parties Details Narrative
Due from related parties	$ 1,176,265	$ 1,184,073
Write off - land lease amount	3,618,818
Write off - receivable balance	$ 7,151

DUE TO RELATED PARTIES (Details

DUE TO RELATED PARTIES (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Due to related parties	$ 543,210	$ 510,356
Baishui Dukang Marketing Management Co., Ltd. [Member]
Due to related parties	387,723	385,166
Shaanxi Dukang Liquor Trading Co., Ltd [Member]
Due to related parties	88,246	58,391
Shaanxi East Mining Co., Ltd., [Member]
Due to related parties	56,990	56,614
Baishui Du Kang Brand Management Co., Ltd., [Member]
Due to related parties	9,305	9,244
Shaanxi Xi Deng Hui Development Stock Co., Ltd.,[Member]
Due to related parties	$ 946	$ 941

DUE TO RELATED PARTIES (Detai30

DUE TO RELATED PARTIES (Details Narrative) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Due To Related Parties Details Narrative
Due to related parties	$ 543,210	$ 510,356

DUE TO SHAREHOLDERS (Details)

DUE TO SHAREHOLDERS (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Due to shareholders	$ 3,239,643	$ 3,219,177
Due to Wang Shengli [Member]
Due to shareholders	1,711,237	1,699,954
Due to Zhang Hongjun [Member]
Due to shareholders	940,928	934,722
Due to Chen Min [Member]
Due to shareholders	$ 587,478	$ 584,501

DUE TO SHAREHOLDERS (Details Na

DUE TO SHAREHOLDERS (Details Narrative) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Due To Shareholders Details Narrative
Due to shareholders	$ 3,239,643	$ 3,219,177

INCOME TAX (Details)

INCOME TAX (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Deferred tax assets
Net operating loss carry-forward	$ 386,445	$ 376,415
Total of Deferred tax assets	386,445	376,415
Less: valuation allowance	$ (386,445)	$ (376,415)
Net deferred assets

INCOME TAX (Details Narrative)

INCOME TAX (Details Narrative)	Mar. 31, 2016USD ($)
Income Tax Details Narrative
Net taxable operating losses	$ 1,545,778
Valuation allowance	$ 386,445

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cost of revenue		$ 17,113
Gross Profits		292,070
Land use right leasing [Member]
Revenue		305,584
Cost of revenue		17,113
Gross Profits		288,471
Solar PV energy [Member]
Revenue		$ 3,599
Cost of revenue
Gross Profits		$ 3,599