China Changjiang Mining & New Energy (CHJI) 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 12, 2017
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, 2017
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	2,017

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 8,961	$ 12,512
Other current assets and prepayments	1,228	1,210
Total Current Assets	10,189	13,722
Property, plant and equipment, net	195,433	201,006
Land use rights, net	13,724,107	13,711,122
TOTAL ASSETS	13,929,729	13,925,850
Current Liabilities
Other payables and accrued liabilities	1,219,202	1,205,719
Total Current Liabilities	1,219,202	1,205,719
Non-current liabilities
Due to related parties	623,092	592,410
Due to shareholders	1,893,779	1,880,311
Total Long-term Liabilities	2,516,871	2,472,721
Total Liabilities	3,736,073	3,678,440
EQUITY
Common stock ($0.01 par value, 250,000,000 shares authorized, 64,629,559 shares issued and outstanding as of March 31, 2017 and December 31, 2016)	646,295	646,295
Treasury stock	(489,258)	(489,258)
Additional paid-in capital	15,968,106	15,968,106
Accumulated deficit	(8,054,012)	(7,926,794)
Accumulated other comprehensive income	1,221,405	1,140,899
Total Shareholders' equity	9,292,536	9,339,248
Non-controlling interest	901,120	908,162
TOTAL EQUITY	10,193,656	10,247,410
TOTAL LIABILITIES AND EQUITY	13,929,729	13,925,850
Series C Preferred Stock [Member]
EQUITY
Series C convertible preferred stock ($0.01 par value,10,000,000 shares authorized, no shares outstanding as of March 31, 2017 and December 31,2016)

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
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 LOSS

CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating expenses
General and administrative expenses	$ 33,956	$ 32,161
Depreciation	7,127	8,507
Amortization	92,907	97,861
Total operating expenses	133,990	138,529
Loss from operations	(133,990)	(138,529)
Other Expenses
Interest income	4
Interest expenses	(274)	(120)
Total Other Expenses	(270)	(120)
Loss before tax	(134,260)	(138,649)
Income tax expense (benefit)
Net loss	(134,260)	(138,649)
Net loss attributable to:
Non-controlling interests	(7,042)	(7,288)
Common shareholders	(127,218)	(131,361)
Comprehensive loss
Foreign currency translation adjustments	80,506	75,436
Total Comprehensive Loss	$ (53,754)	$ (63,213)
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, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (134,260)	$ (138,649)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	100,034	106,368
Changes in operating assets and liabilities:
Other current assets and prepayments	(9)	(1,356)
Other payables and accrued liabilities	4,175	2,391
CASH USED IN OPERARATING ACTIVITIES	(30,060)	(31,246)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from related parties	26,117	29,054
CASH PROVIDED BY FINANCING ACTIVITIES	26,117	29,054
Effect of exchange rate changes on cash and cash equivalents	392	309
NET DECREASE IN CASH AND CASH EQUIVALENTS	(3,551)	(1,883)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	12,512	13,550
CASH AND CASH EQUIVALENTS AT END OF PERIOD	8,961	11,667
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, 2017
Notes to Financial Statements
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 Company, 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, 2016. The unaudited consolidated financial statements for the three-month period ended March 31, 2017 and 2016 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, 2017 are not indicative of the results that may be expected for the full year ending December 31, 2017. (a) Going Concern The Company had a working capital deficit of $1,209,013 as of March 31, 2017 and had a negative cash flow from operating activities amounted to $30,060 for the three months ended March 31, 2017. 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. These conditions and uncertainties raise substantial doubt as to the Company's ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. (b) Foreign Currency Translation Exchange rates applied for the foreign currency translation during the period are as follows: USD to RMB March 31, 2017 December 31, 2016 Period end USD: RMB exchange rate 6.8905 6.9437 Average periodic USD: RMB exchange rate 6.8882 6.6430 USD to HKD March 31, 2017 December 31, 2016 Period end USD: HKD exchange rate 7.7705 7.7543 Average periodic USD: HKD exchange rate 7.7602 7.7617 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 January 2017, the FASB issued ASU 2017-03, “Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323)”

LAND USE RIGHTS, NET

LAND USE RIGHTS, NET	3 Months Ended
	Mar. 31, 2017
Land Use Rights Net
2. LAND USE RIGHTS, NET	The following is a summary of land use rights, net: March 31, 2017 December 31, 2016 Cost of Land Use Rights $ 18,575,198 $ 18,432,882 Accumulated Amortization of Land Use Rights (4,851,091 ) (4,721,760 ) Land Use Rights, Net $ 13,724,107 $ 13,711,122 The difference for the balance of cost was mainly due to the fluctuation of exchange rate of USD to RMB. Amortization expenses were $92,907 and $97,861 for the three months ended March 31, 2017 and 2016, respectively.

DUE FROM RELATED PARTIES

DUE FROM RELATED PARTIES	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
3. DUE FROM RELATED PARTIES	(1) Office spaces provided by related parties 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. 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. (2) Sales revenue from related parties 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, 2016, no collection has been received. The Company decided to write off all the uncollected receivables related to solar power in the amount of RMB 205,424 (approximately $30,809) and decided not to recognize such revenue going forward.

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
4. DUE TO RELATED PARTIES	The balance of $623,092 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, 2017. Due to related parties consists of the following. March 31, 2017 December 31, 2016 USD USD 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 $ 362,818 $ 360,039 Heyang County Huanghe Bay Resort Hotel Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company 12,529 12,433 Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd. (Previously Shaanxi Huanghe Bay Spring Lake Park Co., Ltd.), controlled by Zhang Hongjun, the Director and principal shareholder of the Company 37,733 37,444 Baishui Du Kang Brand Management Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company 31,928 31,683 Shaanxi Du Kang Liquor Group Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company 59,376 58,921 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 886 879 Shaanxi Dukang Liquor Trading Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company 117,822 91,011 Total $ 623,092 $ 592,410 As of December 31, 2016, the balance of due to Shaanxi Dukang Liquor Trading Co., Ltd. was RMB 626,950 (approximately $90,290). On January 16, 2017, the Company signed a Loan Extension Agreement with Shaanxi Dukang Liquor Trading Co., Ltd., pursuant to which the loan would be extended to December 31, 2018 and could be further extended with mutual consent after December 31, 2018 if needed. No interest was charged during the period of validity. The Company borrowed total loans of $26,117 from related parties for the three months ended March 31, 2017. Heyang County Huanghe Bay Resort Hotel Co., Ltd., paid salaries to the PV power station maintainers on behalf of the Company. The balance of $12,529 represents the salary expense owed to the Heyang County Huanghe Bay Resort Hotel Co., Ltd. as of March 31, 2017. The Company stopped providing solar power since 2017.

DUE TO SHAREHOLDERS

DUE TO SHAREHOLDERS	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
5. DUE TO SHAREHOLDERS	The balance of $1,893,779 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, 2017. Due to shareholders consists of the following: March 31, December 31, 2017 2016 Due to Wang Shengli $ 454,813 $ 451,328 Due to Zhang Hongjun 880,488 873,742 Due to Chen Min $ 558,478 $ 555,241 $ 1,893,779 $ 1,880,311

INCOME TAX

INCOME TAX	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
6. INCOME TAXES	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, 2017, the Company had net taxable operating loss carry forwards of approximately $1,908,861. 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 $477,215 was recorded. Components of the Company’s net deferred tax assets are set forth below: March 31, December 31, 2017 2016 Deferred tax assets Net operating loss carry-forward $ 477,215 $ 440,140 Total of deferred tax assets $ 477,215 $ 440,140 Less: valuation allowance $ (477,215 ) $ (440,140 ) Net deferred tax assets $ - $ -

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
7. SUBSEQUENT EVENTS	On April 7, 2017, the Company borrowed $26,413 (RMB182,000) from Baishui Du Kang Brand Management Co., Ltd., a related party of the Company, for daily operation purpose. The loan is due on December 31, 2018 without interest.

SUMMARY OF SIGNIFICANT ACCOUN13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2017
Summary Of Significant Accounting Policies Policies
Going Concern	The Company had a working capital deficit of $1,209,013 as of March 31, 2017 and had a negative cash flow from operating activities amounted to $30,060 for the three months ended March 31, 2017. 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. These conditions and uncertainties raise substantial doubt as to the Company's ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
Foreign Currency Translation	Exchange rates applied for the foreign currency translation during the period are as follows: USD to RMB March 31, 2017 December 31, 2016 Period end USD: RMB exchange rate 6.8905 6.9437 Average periodic USD: RMB exchange rate 6.8882 6.6430 USD to HKD March 31, 2017 December 31, 2016 Period end USD: HKD exchange rate 7.7705 7.7543 Average periodic USD: HKD exchange rate 7.7602 7.7617 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 January 2017, the FASB issued ASU 2017-03, “Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323)”

SUMMARY OF SIGNIFICANT ACCOUN14

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2017
Summary Of Significant Accounting Policies Tables
Exchange rates applied for foreign currency translation	USD to RMB March 31, 2017 December 31, 2016 Period end USD: RMB exchange rate 6.8905 6.9437 Average periodic USD: RMB exchange rate 6.8882 6.6430 USD to HKD March 31, 2017 December 31, 2016 Period end USD: HKD exchange rate 7.7705 7.7543 Average periodic USD: HKD exchange rate 7.7602 7.7617

LAND USE RIGHTS, NET (Tables)

LAND USE RIGHTS, NET (Tables)	3 Months Ended
	Mar. 31, 2017
Land Use Rights Net Tables
Land use rights	March 31, 2017 December 31, 2016 Cost of Land Use Rights $ 18,575,198 $ 18,432,882 Accumulated Amortization of Land Use Rights (4,851,091 ) (4,721,760 ) Land Use Rights, Net $ 13,724,107 $ 13,711,122

DUE TO RELATED PARTIES (Tables)

DUE TO RELATED PARTIES (Tables)	3 Months Ended
	Mar. 31, 2017
Due To Related Parties Tables
Due to related parties	Due to related parties consists of the following. March 31, 2017 December 31, 2016 USD USD 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 $ 362,818 $ 360,039 Heyang County Huanghe Bay Resort Hotel Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company 12,529 12,433 Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd. (Previously Shaanxi Huanghe Bay Spring Lake Park Co., Ltd.), controlled by Zhang Hongjun, the Director and principal shareholder of the Company 37,733 37,444 Baishui Du Kang Brand Management Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company 31,928 31,683 Shaanxi Du Kang Liquor Group Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company 59,376 58,921 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 886 879 Shaanxi Dukang Liquor Trading Co., Ltd., controlled by Zhang Hongjun, the Director and principal shareholder of the Company 117,822 91,011 Total $ 623,092 $ 592,410

DUE TO SHAREHOLDERS (Tables)

DUE TO SHAREHOLDERS (Tables)	3 Months Ended
	Mar. 31, 2017
Due To Shareholders Tables
Due to shareholders	Due to shareholders consists of the following: March 31, December 31, 2017 2016 Due to Wang Shengli $ 454,813 $ 451,328 Due to Zhang Hongjun 880,488 873,742 Due to Chen Min $ 558,478 $ 555,241 $ 1,893,779 $ 1,880,311

INCOME TAX (Tables)

INCOME TAX (Tables)	3 Months Ended
	Mar. 31, 2017
Income Tax Tables
Components of the Company's net deferred tax	March 31, December 31, 2017 2016 Deferred tax assets Net operating loss carry-forward $ 477,215 $ 440,140 Total of deferred tax assets $ 477,215 $ 440,140 Less: valuation allowance $ (477,215 ) $ (440,140 ) Net deferred tax assets $ - $ -

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2017
Segment Information Tables
Business segment	For the Three months ended March 31, 2017 2016 Cost of revenue - Land use right leasing - - Solar PV energy 1,023 - Gross Profits Land use right leasing - - Solar PV energy 1,023 -

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
USD to RMB [Member]
Period end exchange rate	6.8905	6.9437
Average periodic exchange rate	6.8882	6.6430
USD to HKD [Member]
Period end exchange rate	7.7705	7.7543
Average periodic exchange rate	7.7602	7.7617

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Summary Of Significant Accounting Policies Details Narrative
Working capital deficit	$ (1,209,013)
Cash flow from operating activities	$ (30,060)	$ (31,246)

LAND USE RIGHTS, NET (Details)

LAND USE RIGHTS, NET (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Land Use Rights Net Details
Cost of Land use right	$ 18,575,198	$ 18,432,882
Accumulated Amortization of Land use right	(4,851,091)	(4,721,760)
Land Use Rights, Net	$ 13,724,107	$ 13,711,122

LAND USE RIGHTS, NET (Details N

LAND USE RIGHTS, NET (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Land Use Rights Net Details Narrative
Amortization expenses	$ 92,907	$ 97,861

DUE FROM RELATED PARTIES (Detai

DUE FROM RELATED PARTIES (Details Narrative)	3 Months Ended
	Mar. 31, 2017USD ($)
Due From Related Parties Details Narrative
Receivable balance written off	$ 30,809

DUE TO RELATED PARTIES (Details

DUE TO RELATED PARTIES (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Due to related parties	$ 623,092	$ 592,410
Baishui Dukang Marketing Management Co., Ltd. [Member]
Due to related parties	362,818	360,039
Heyang County Huanghe Bay Resort Hotel Co., Ltd.[Member]
Due to related parties	12,529	12,433
Shaanxi Huanghe Bay Ecological Agriculture Co.,Ltd., [Member]
Due to related parties	37,733	37,444
Baishui Du Kang Brand Management Co., Ltd., [Member]
Due to related parties	31,928	31,683
Shaanxi Du Kang Liquor Group Co., Ltd. [Member]
Due to related parties	59,376	58,921
Shaanxi Xi Deng Hui Development Stock Co., Ltd.,[Member]
Due to related parties	886	879
Shaanxi Dukang Liquor Trading Co., Ltd [Member]
Due to related parties	$ 117,822	$ 91,011

DUE TO RELATED PARTIES (Detai26

DUE TO RELATED PARTIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Due to related parties	$ 623,092		$ 592,410
Proceeds from related parties	26,117	$ 29,054
Heyang County Huanghe Bay Resort Hotel Co., Ltd.[Member]
Due to related parties	$ 12,529		12,433
Dukang Liquor Trading Co Ltd [Member]
Due to related parties			$ 90,290

DUE TO SHAREHOLDERS (Details)

DUE TO SHAREHOLDERS (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Due to shareholders	$ 1,893,779	$ 1,880,311
Due to Wang Shengli [Member]
Due to shareholders	454,813	451,328
Due to Zhang Hongjun [Member]
Due to shareholders	880,488	873,742
Due to Chen Min [Member]
Due to shareholders	$ 558,478	$ 555,241

DUE TO SHAREHOLDERS (Details Na

DUE TO SHAREHOLDERS (Details Narrative) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Due To Shareholders Details Narrative
Due to shareholders	$ 1,893,779	$ 1,880,311

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Deferred tax assets
Net operating loss carry-forward	$ 477,215	$ 440,140
Total of Deferred tax assets	477,215	440,140
Less: valuation allowance	(477,215)	(440,140)
Net deferred assets

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Income Taxes Details Narrative
Operating loss carry forwards	$ 1,908,861
Operating losses carried forward period	5 years
Valuation allowance	$ (477,215)	$ (440,140)

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Apr. 07, 2017	Mar. 31, 2017	Dec. 31, 2016
Due to related parties		$ 623,092	$ 592,410
Baishui Du Kang Brand Management Co., Ltd., [Member]
Due to related parties		$ 31,928	$ 31,683
Subsequent Event [Member] | Baishui Du Kang Brand Management Co., Ltd., [Member]
Due to related parties	$ 26,413