YBCC (YBAO) 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. 09, 2015
Statements of Cash Flows
Entity Registrant Name	INTERNATIONAL PACKAGING & LOGISTICS GROUP INC.
Entity Central Index Key	822,997
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		4,504,214
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	$ 37,219	$ 661,510
Accounts receivable, net	7,965,463	8,080,831
Inventory	274,026	936,900
Total Current Assets	8,276,708	9,679,241
Other Assets
Prepaids	520	520
Deposits	12,433	12,433
Deferred tax assets	203,578	224,779
Total Other Assets	216,551	237,732
Assets Held for Sale - discontinued operations	0	2,374,789
Total Assets	8,493,259	12,291,762
Current Liabilities
Accounts payable and accrued expenses	6,981,869	8,434,854
Notes payable - related party	80,000	80,000
Total Current Liabilities	7,061,869	8,514,854
Liabilities Discontinued subsidiary
Notes payable	0	8,287
Accounts payable	0	566,838
Other current liabilities	0	6,846
Liabilities - discontinued Operations	$ 0	$ 581,971
Commitments and contingencies
Total Liabilities	$ 7,061,869	$ 9,096,825
Stockholders' Equity
Common stock: $0.001 par value, 900,000,000 shares authorized, 4,504,214 and 4,961,357 issued and outstanding, respectively	4,504	4,961
Additional paid-in capital	1,275,570	2,202,877
Retained earnings	151,218	106,719
Total International and Logistics Group Inc. Stockholder Equity	1,431,390	2,314,695
Non controlling interest	0	880,242
Total Equity	1,431,390	3,194,937
Total Liabilities and Equity	8,493,259	12,291,762
Series A Preferred Stock [Member]
Stockholders' Equity
Convertible preferred shares: $0.0001 par value, 50,000,000 shares authorized, 974,730 Series A issued and outstanding, respectively. Zero and 400,000 Series B issued and outstanding , respectively	98	98
Series B Preferred Stock [Member]
Stockholders' Equity
Convertible preferred shares: $0.0001 par value, 50,000,000 shares authorized, 974,730 Series A issued and outstanding, respectively. Zero and 400,000 Series B issued and outstanding , respectively	$ 0	$ 40

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Convertible preferred shares authorized	50,000,000	50,000,000
Convertible preferred shares par value	$ .0001	$ 0.0001
Common stock shares authorized	900,000,000	900,000,000
Common stock par value	$ .0001	$ 0.001
Common stock shares issued	4,504,214	4,961,357
Common stock shares outstanding	4,504,214	4,961,357
Series A Preferred Stock [Member]
Preferred stock shares issued	974,730	974,730
Preferred stock shares outstanding	974,730	974,730
Series B Preferred Stock [Member]
Preferred stock shares issued	400,000	400,000
Preferred stock shares outstanding	400,000	400,000

Consolidated Statements of Oper

Consolidated Statements of Operations And Comprehensive Income (Loss) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues
Packaging	$ 9,717,432	$ 8,997,294	$ 28,498,152	$ 25,085,447
Total Revenues	9,717,432	8,997,294	28,498,152	25,085,447
Cost of Goods Sold
Packaging	9,340,720	8,621,465	27,330,496	24,019,055
Total Cost of Goods Sold	9,340,720	8,621,465	27,330,496	24,019,055
Gross Profit	376,712	375,829	1,167,656	1,066,392
Operating Expenses
Administrative expenses	158,956	180,836	623,258	585,666
Rent	20,601	11,524	55,559	35,819
Salaries and wages	156,641	146,029	476,458	429,700
Total Operating Expenses	396,198	338,389	1,155,275	1,051,185
Income from Operations	40,514	37,440	12,381	15,207
Other income (loss)
Interest income (expense), net	0	0	0	(299)
Other income (expense)	0	(50)	16,194	(90)
Total Other Income (Loss)	0	(50)	16,194	(389)
Net Income from Continuing Operations before Income Taxes	40,514	37,390	28,575	14,818
Income tax benefit (expense)	0	0	0	(1,600)
Net Income from Continuing Operations	40,514	37,390	28,575	13,218
Discontinued operations:
Gain (Loss) from operations, including portion attributable to non-controlling interest of discontinued Logistics component	0	5,831	15,924	(32,302)
Income tax benefit	0	(1,671)	0	989
Income (Loss) from discontinued operations	0	4,160	15,924	(31,313)
Foreign currency translation	0	(9,558)	0	519
Comprehensive Income (Loss)	$ 40,514	$ 31,992	$ 44,499	$ (17,576)
Earnings (Loss) per weighted average share of common stock - basic	$ 40,514	$ 41,550	$ .01	$ 0
Earnings (Loss) per weighted average share of common stock -diluted	$ .01	$ .01	$ .01	$ 0
Weighted average shares outstanding - basic	4,504,214	4,961,357	4,504,214	4,961,357
Weighted average shares outstanding - diluted	5,478,944	6,336,087	5,664,203	4,961,357
AMOUNTS ATTRIBUTABLE TO THE COMMON STOCKHOLDERS:
Net Income from Continuing Operations	$ 40,514	$ 37,390	$ 28,575	$ 13,218
Income from discontinued operations, net of tax	0	4,160	15,924	(31,313)
Net income (loss)	$ 40,514	$ 41,550	$ 44,499	$ (18,095)
BASIC EARNINGS PER SHARE:
Income (loss) per share from continuing operations attributable to common stockholders, net of tax	$ 40,514	$ 37,390	$ .01	$ 0
Income (Loss) per Share from discontinued operations attributable common stockholders, net of tax	0	4,160	0	0
NET INCOME PER SHARE ATTRIBUTABLE TO THE COMMON STOCKHOLDERS	40,514	41,550	.01	0
DILUTED EARNINGS PER SHARE:
Income (loss) per Share from continuing operations attributable to common stockholders, net of tax	.01	.01	.01	0
Income (loss) per Share from discontinued operations attributable to common stockholders, net of tax	0	0	0	0
NET INCOME PER SHARE ATTRIBUTABLE COMMON STOCKHOLDERS	$ .01	$ .01	$ .01	$ 0
Comprehensive Income (Loss)	$ 40,514	$ 31,992	$ 44,499	$ (17,576)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net loss from continuing operations	$ 28,575	$ 13,218
Net income (loss) from discontinued operations	15,924	(31,313)
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation expense	0	5,506
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable	117,792	(1,188,508)
Decrease (increase) in inventory	662,874	(1,555,692)
Increase (decrease) in current assets	(1,727)	5,292
Deferred tax asset	21,180	0
Assets of sale	(37,011)	0
Decrease (increase) in accounts payable and accrued expenses	(1,444,485)	2,961,166
Decrease in other current liabilities	(8,500)	(22,246)
Other	(24,112)	(30,084)
Discontinued operations	39,813	0
Net cash (used in) provided by operating activities	(629,677)	157,339
Cash flow from investing activities:
Purchase of property and equipment	0	(44,935)
Net increase in refundable deposits	0	14,111
Net cash used in investing activities	0	(30,824)
Cash flow from financing activities:
Proceeds from short-term borrowing	0	65,600
Net cash provided by financing activities	0	65,600
Effect of currency translation	5,386	(5,004)
Net (decrease) increase in cash and cash equivalents	(624,291)	187,111
Cash and cash equivalents at beginning of period	661,510	1,192,443
Cash and cash equivalents at end of period	37,219	1,379,554
Supplementary Disclosures of Cash Flow
Cash paid during the year for: Interest	0	0
Cash paid during the year for: Taxes (refund)	$ 0	$ 0

1. Summary of Significant Accou

1. Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
1. Summary of Significant Accounting Policies	Basis of Presentation These interim condensed consolidated financial statements represent the financial activity of International Packaging and Logistics Group, Inc., (“IPL Group” or “the Company”) a publicly traded company listed and traded on the OTC Markets Pink Sheets. The interim condensed consolidated financial statements for the three and nine months ended September 30, 2015 and 2014 have been prepared in accordance with accounting principles generally accepted in the United States. The interim condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany transactions have been eliminated. The Company’s fiscal year end is on December 31. The foregoing unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q and Regulation S-X as promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, these condensed consolidated financial statements do not include all of the disclosures required by generally accepted accounting principles in the United States of America for complete financial statements. These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included on Form 10-K for the period ended December 31, 2014. In the opinion of management, the unaudited interim condensed consolidated financial statements furnished herein include all adjustments, all of which are of a normal recurring nature, necessary for a fair statement of the results for the interim period presented. The preparation of interim condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the condensed consolidated financial statements are published, and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect to such estimates and assumption are inherent in the preparation of the Company’s condensed consolidated financial statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions that could have a material effect on the reported amounts of the Company’s financial position and results of operations. Operating results for the three and nine month periods ended September 30, 2015, are not necessarily indicative of the results that may be expected for the year ending December 31, 2015. Nature of Operations On July 2, 2007, International Packaging and Logistics Group, Inc., through its wholly-owned subsidiary, YesRx.com (“YesRx”) acquired all the outstanding shares of H&H Glass, Inc. (“H&H Glass” or “H&H”), in exchange for 3,915,000 shares of its common stock in a reverse triangular merger (the “Merger”). H&H Glass is a glass importer that supplies custom products such as perfume bottles and food condiment bottles, plus provides complementary services such as container design and mold making. H&H Glass imports glass containers from Asia and distributes to North America. H&H Glass acquires its products mainly from one supplier in China and Taiwan and sells its products through several distributors in the United States and Canada who service small to medium sized customers. H&H imports in excess of 1,000 shipping containers of glass a year. Depending on the size of the product, a container can contain anywhere from 3,000 to 300,000 pieces. Organization and Line of Business International Packaging and Logistics Group, Inc., a Nevada corporation, was originally incorporated as Interactive Medical Technologies, Ltd., on June 2, 1986, in the state of Delaware. On April 17, 2008, IPL Group converted from a Delaware corporation to a Nevada Corporation. EZ Link Holdings Ltd On January 1, 2010, International Packaging and Logistics Group, Inc., (“IPL Group Inc.”), acquired a majority interest in EZ Link Holdings, Ltd., company organized under the laws of the British Virgin Islands which contractually controls EZ Link Corporation (“EZ Link”), a logistics company headquartered in Taiwan. EZ Link was established in July 2003 under the laws of Taiwan, Republic of China (“PRC”) EZ LINK is a full service international freight forwarder, who has current networks to locations in China, Hong Kong, South East Asia, North East Asia, North America, Latin America and Europe. EZ Link Holdings Ltd. was incorporated in 2009, under the laws of the British Virgin Islands. The Company has no substantive operations of its own. EZ Link Corp., a Taiwan company established in July 2003 with initial registered capital of NTD 13,500,000, is a freight forwarder with current networks of locations in China, Hong Kong, South East Asia, North East Asia, North America, Latin America and Europe, and holds the licenses and approvals necessary to operate its business in China. Taiwan law currently has limits on foreign ownership of companies. To comply with these foreign ownership restrictions, on December 31, 2009, EZ Link Holdings, Ltd. entered into following exclusive agreements with EZ Link Corp. and its owners (collectively the “Contractual Arrangements”): (1) Consulting Services Agreement (2) Operating Agreement Divestiture of EZ Link Effective February 28, 2015, EZ Link was acquired back IPL Group Inc.’s share position in EZ Link in exchange for their share position in IPL Group Inc. International Packaging and Logistics Group, Inc. (“IPL Group Inc.”) (Seller), entered into an agreement with its majority owned subsidiary, EZ Link Corporation (“EZ Link”) (Buyer) which is a logistics company headquartered in Taiwan. EZ Link was established in July 2003 under the Company Law of Republic of China. Under this agreement EZ Link is acquiring back IPL Group Inc.’s share position in EZ Link in exchange for their share position in IPL Group Inc. This transaction was effective as of February 28, 2015. The terms are as follows: IPL Group Inc. exchanged its position in EZ Link or 688,500 shares in the aggregate, to the original EZ Link shareholders, and such EZ Link shareholders will exchange the following to IPLO: (a) The 457,143 shares of common stock held by EZ Link shareholders. (b) The 400,000 Series B Convertible preferred shares held by EZ Link shareholders. There was an immaterial gain as a result of the divestiture of EZ Link, which was the net the assets less liabilities sold back. Principles of Consolidation The accompanying unaudited condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America. EZ Link Corp’s functional currency is New Taiwan Dollars (NTD), however, the accompanying consolidated financial statements have been re-measured and presented in United States Dollars ($). The consolidated financial statements include the accounts of IPL Group and its subsidiaries (collectively the “Company”). The Company’s subsidiaries include H&H Glass and 51% of EZ Link Holdings, Ltd. which is now shown in discontinued operations. EZ LINK’s operating activity for the period January 1, 2015 through February 28, 2015 are shown as discontinued operations in the statement of operations. Intercompany accounts and transactions have been eliminated upon consolidation. Reclassifications Certain amounts in the prior year have been reclassified to conform to the current year presentation. Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosures of contingent assets and liabilities at the date of the consolidated financial statements. Significant estimates include an allowance for doubtful accounts deferred tax assets and liabilities, depreciation of property, plant and equipment. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash equivalents include amounts invested in a money market account with a financial institution. Cash equivalents are carried at cost, which approximates fair value. Revenue Recognition The Company recognizes product revenue provided that (1) persuasive evidence of an arrangement exists, (2) delivery to the customer has occurred, (3) the selling price is fixed or determinable and (4) collection is reasonably assured. Delivery is considered to have occurred when title and risk of loss have transferred to the customer. The price is considered fixed or determinable when it is not subject to refund or adjustments. Outbound shipping and handling charges are included in net sales and cost of goods sold. Inventories Inventories are stated at the lower of cost (first-in, first-out basis) or market (net realizable value). All inventories consists of finished goods. Foreign Currency Translation The accounts of the EZ Link were maintained, and its consolidated financial statements were expressed, in NTD. Such consolidated financial statements were translated into USD with NTD as the functional currency. All assets and liabilities were translated at the exchange rate on the consolidated balance sheet dates, stockholders’ equity are translated at the historical rates and the statements of income items were translated at the weighted average exchange rate for the year. In 2014 and 2015, the EZ Link operations have been reclassified as discontinued operations. Accordingly, the other comprehensive income previously accumulated has been recognized as of September 30, 2015, and consequently the foreign currency translation adjustments are eliminated as of September 30, 2015. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Such amounts were not material during each of the three and nine month quarters ended September 30, 2015 and 2014. Cash flow from the Company's operations included in the statement of cash flows is calculated based upon the functional currency using the average translation rate. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with arithmetical changes in the corresponding balances on the consolidated balance sheet. No presentation is made that the NTD amounts could have been, or could be, converted into USD at the rates used in translation. Concentration of Credit Risk The Company maintains balances in a Money Market Fund that is not federally insured. Accounts receivable are typically unsecured. The Company performs ongoing credit evaluations of its customers’ financial condition. It generally requires no collateral and maintains reserves for potential credit losses on customer accounts, when necessary. As of September 30, 2015, 80.0% of H&H Glass’s Accounts Receivable were attributable to three customers. As of December 31, 2014, 86.7% of H&H Glass’s Accounts Receivable were attributable to three customers. At September 30, 2015 and December 31, 2014 H&H Glass had allowance for doubtful reserves of $0 and $19,194 respectively. In general the Company will reserve a receivable based one of the following reasons; if the receivable is over 90 days old the company will reserve 50% and if over 12 months old the Company will reserve 100% of the amount. H&H Glass purchased 100% of its glass from one vendor in the three and nine month periods ending September 30, 2015 and 2014. During the three-month period ending September 30, 2015 and 2014, H&H Glass purchased $9,084,473 and $7,701,672 of products from this vendor, respectively. During the nine-month period ending September 30, 2015 and 2014, H&H Glass purchased $25,458,866 and $21,997,846 of products from this vendor, respectively. This concentration is due to the relatively small size of H&H Glass’s orders. H&H Glass’s specialized short-run custom orders generally are not attractive to larger glass manufacturers. As customer orders have been growing in size, H&H Glass has begun to seek additional suppliers. Non-controlling Interest IPLO sold its interest in EZ Link as of February 28, 2015. The Company accounted for its non-controlling interest of 49% in EZ Link Holdings, Ltd. in the consolidated financial statements classified as a separate component of equity. In addition, net earnings, and components of other comprehensive income are attributed to both the Company and non-controlling interest. Net Earnings/(Loss) per Share Earnings/(loss) per common share is computed on the weighted average number of common shares outstanding during each year. Basic earnings per share is computed as net loss applicable to common stockholders’ divided by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur from common shares issuable through convertible preferred shares, stock options, warrants and other convertible securities when the effect would be dilutive. In this case, the Preferred Shares would not be dilutive since the conversion price is $3.00 and the quoted price is significantly lower than the conversion price. Therefore there were no dilutive securities for the three and nine months ending September 30, 2015 and 2014, respectively. Income Taxes The Company accounts for its income taxes using the Financial Accounting Standards Board ASC 740, “Income Taxes,” which requires the establishment of a deferred tax asset or liability for the recognition of future deductible or taxable amounts and operating loss and tax credit carryforwards. Deferred tax expense or benefit is recognized as a result of timing differences between the recognition of assets and liabilities for book and tax purposes during the year. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are recognized for deductible temporary differences and operating loss, and tax credit carryforwards. A valuation allowance is established to reduce the deferred tax asset if it is “more likely than not” that the related tax benefits will not be realized. The Company accounts for income taxes in accordance ASC Topic 740. Realization of an uncertain income tax position must be estimated as “more likely than not” (i.e., greater than 50% likelihood of receiving a benefit) before it can be recognized in the financial statements. Further, the recognition of tax benefits is required to be recorded in the financial statements to be based on the amount most likely to be realized assuming a review by tax authorities having all relevant information. ASC 740 also clarifies the financial statement classification of tax-related penalties and interest and sets forth new disclosures regarding unrecognized tax benefits. As of September 30, 2015, the Company has not recognized any obligation for uncertain tax positions. EZ Link, Corporation is governed by the Taiwan’s Income Tax Law and local income tax laws. Pursuant to the Taiwan Income Tax Law, enterprises are subject to tax at a statutory rate of 17%. The local government has also provided companies with various incentives to encourage economic development in the region. Such incentives include reduced tax rates and other measures.

2. Preferred Stock Transactions

2. Preferred Stock Transactions	9 Months Ended
	Sep. 30, 2015
Preferred Stock, Including Additional Paid in Capital [Abstract]
2. Preferred Stock Transactions	Series B Preferred Shares: As of January 1, 2010 pursuant to the purchase agreement for 51% ownership in EZ Link Holdings Ltd., approximately 47% of the purchase price amount $400,000 was paid in Series B convertible preferred shares of IPL Group, Inc. at a per share value of $1.00, or 400,000 shares. As a result of the divesture of EZ LINK, the Company received from EZ Link shareholders the 400,000 shares of Series B preferred stock. As of September 30, 2015, there are no shares of Series B preferred stock issued and outstanding. These shares have been repurchased and retired as of February 28, 2015. The Series B Preferred Shares were convertible into common shares in two equal tranches, the first being upon completion and receipt of the year ending December 31, 2010, financials if all of the following performance targets are met by EZ Link: (a) Maintain revenues and before tax earnings same as the prior 12 month period; and (b) Maintained a positive cash flow from operations over the prior 12 month period. These criteria were not met, so there were no conversions prior to their retirement as of February 28, 2015. These certificates were returned to the Company pursuant to the sale of EZ Link back to its original shareholders. Series A Preferred Shares The Series A Preferred shares are convertible into common shares on a 1:1 ratio at a fixed rate of $3 per share. Preferred shares have no voting rights, have no redemption rights and earn no dividends. Holders of Series A Convertible Preferred Stock are not permitted to convert their stock into common shares until the Company’s market capital reaches $15,000,000. Upon dissolution, liquidation or winding up of the Company, whether voluntary or involuntary, the holders of the then outstanding shares of Series A Convertible Preferred Stock shall be entitled to receive out of the assets of the Company the sum of $0.0001 per share (the “Liquidation Rate”) before any payment or distribution shall be made on any other class of capital stock of the Company ranking junior to the Series A Convertible Preferred Stock. ASC Topic 480, “Distinguishing Liabilities from Equity,” establishes standards for how an issuer classifies and measures certain financial instruments with characteristics of both liabilities and equity. A mandatorily redeemable financial instrument shall be classified as a liability unless the redemption is required to occur only upon the liquidation or termination of the reporting entity. A financial instrument issued in the form of shares is mandatorily redeemable if it embodies an unconditional obligation requiring the issuer to redeem the instrument by transferring its assets at a specified or determinable date (or dates) or upon an event certain to occur. A financial instrument that embodies a conditional obligation to redeem the instrument by transferring assets upon an event not certain to occur becomes mandatorily redeemable—and, therefore becomes a liability—if that event occurs, the condition is resolved, or the event becomes certain to occur. The Company determined that the preferred shares are not mandatorily or conditionally redeemable and are properly classified as permanent equity in the accompanying unaudited condensed consolidated financial statements. Divestiture of EZ Link Effective February 28, 2015, EZ Link acquiring back IPL Group Inc.’s share positions in EZ Link in exchange for their share position in IPL Group Inc.

3. Common and Preferred Stock T

3. Common and Preferred Stock Transactions	9 Months Ended
	Sep. 30, 2015
Common Stock, Number of Shares, Par Value and Other Disclosures [Abstract]
3. Common Stock Transactions	During the three months ending September 30, 2015 and 2014 no stock was issued. Divestiture of EZ Link: EZ Link returned 457,143 common shares and 400,000 shares of Series B preferred shares of IPLO pursuant to the divestiture of EZ Link as of February 28, 2015.

4. Related Party Transactions

4. Related Party Transactions	9 Months Ended
	Sep. 30, 2015
Related Party Transactions [Abstract]
4. Related Party Transactions	Allen Lin The Company paid Mr. Allen Lin, President of H&H Glass and a member of the board of directors of the Company, salary of $69,000 and $66,950 for the three months ended September 30, 2015 and 2014, respectively and $207,000 and $200,850 for the nine months ended September 30, 2015 and 2014, respectively. There is currently an $80,000 payable to Allen Lin for funds contributed to the Company at the time EZ Link Holdings, Ltd. was acquired. This debt is due on demand. Josephine Lin Josephine Lin, Mr. Lin’s wife, is employed by the Company and was paid salary of $15,000 and $14,805 for the three months ended September 30, 2015 and 2014, respectively and $45,000 and $44,675 for the nine months ended September 30, 2015 and 2014, respectively William Gresher Mr. Gresher, a member of the Board of Directors, was paid $1,500 in cash for Director fees in the three months ended September 30, 2015 and 2014 and $4,500 in cash for Director fees in the nine months ended September 30, 2015 and 2014. Owen Naccarato For the three months ended September 30, 2015 and 2014 respectively, Mr. Naccarato, a member of the Board of Directors, was paid $9,000 in cash for legal fees and was paid $1,500 in cash for Directors fees. For the nine months ended September 30, 2015 and 2014 respectively, Mr. Naccarato, a member of the Board of Directors, was paid $27,000 in cash for legal fees and was paid $4,500 in cash for Directors fees. Easy Global Company, Ltd. The chairman of Easy Global Company, Ltd. is also a shareholder of EZ Link Corporation. EZ Link rents its offices from Easy Global Company, Ltd. During the two months ended February 28, 2015 and nine months ending September 30, 2014, EZ Link paid $7,233 and $34,046, respectively to Easy Global Company for rent expense.

5. Property and Equipment

5. Property and Equipment	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
5. Property and Equipment	The Company’s property and equipment at September 30, 2015 and December 31, 2014, consisted of the following: September 30, December 31, Furniture and fixtures $ 14,552 $ 14,552 Computers and equipment 23,452 23,452 38,004 38,004 Less accumulated depreciation (38,004 ) (38,004 ) Total $ – $ – The Company recorded depreciation expense for the three months ended September 30, 2015 and 2014, of $nil and $1,907 respectively. The Company recorded depreciation expense for the nine months ended September 30, 2015 and 2014, of $nil and $5,506 respectively.

6. Accounts Payable and Accrued

6. Accounts Payable and Accrued Expenses	9 Months Ended
	Sep. 30, 2015
Payables and Accruals [Abstract]
6. Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses at September 30, 2015 and December 31, 2014, consisted of the following: September 30, 2015 December 31, 2014 Accounts payable $ 6,917,694 $ 8,362,179 Accrued professional and related fees 64,175 72,675 Total $ 6,981,869 $ 8,434,854

7. Commitments and Contingencie

7. Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
7. Commitments and Contingencies	Leases Operating leases H&H Glass rents approximately 2,900 square feet of office space for its headquarters. The lease began on January 1, 2013 and expires on August 31, 2019. As of June 30, 2015, total monthly base rent is $6,409 per month. Future minimum payments on this lease for fiscal years following September 30, 2015, are: Fiscal Year ended December 31, 2015 $ 19,836 2016 81,780 2017 84,216 Thereafter 146,276 $ 332,108

8. Discontinued Operations

8. Discontinued Operations	9 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
8. Discontinued Operations	Discontinued Operations Discontinued operations are accounted for in accordance with the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 360-10-35 Property, Plant, and Equipment International Packaging and Logistics Group, Inc. (“IPL Group Inc.”) (Seller), entered into an agreement with its majority owned subsidiary, EZ Link Corporation (“EZ Link”) (Buyer) which is a logistics company headquartered in Taiwan. EZ Link was established in July 2003 under the Company Law of Republic of China. Under this agreement EZ Link is acquiring back IPL Group Inc.’s share position in EZ Link in exchange for their share position in IPL Group Inc. This transaction was effective as of February 28, 2015. The terms are as follows: IPL Group Inc. assigned its position in EZ Link or 688,500 shares in the aggregate, to EZ Link, such that, following such transaction, EZ Link will no longer be a subsidiary of IPL Group Inc. IPL Group Inc. will exchange its position in EZ Link or 688,500 shares in the aggregate, to the original EZ Link shareholders, and such EZ Link shareholders will exchange the following to IPLO: (a) The 457,143 shares of common stock held by EZ Link shareholders. (b) The 400,000 Series B Convertible preferred shares held by EZ Link shareholders. Results of Discontinued Operations Summary results of operations for our discontinued operations for the three months ended September 30 September 30 Discontinued operations: 2015 2014 Revenue $ – $ 2,107,246 Gain (Loss) from operations, including portion attributable to non-controlling interest of discontinued Logistics component – 5,831 Income tax benefit – (1,671 ) Gain (Loss) on discontinued operations – 4,160 Summary results of operations for our discontinued operations for the nine months ended September 30 September 30 Discontinued operations: 2015 2014 Revenue $ 1,015,230 $ 5,326,002 Gain (Loss) from operations, including portion attributable to non-controlling interest of discontinued Logistics component 15,924 (32,302 ) Income tax benefit – 989 Gain (Loss) on discontinued operations 15,924 (31,313 ) Assets and Liabilities of Discontinued Operations Assets and liabilities of discontinued operations on the Company consolidated balance sheets as of September 30, 2015 and December 31, 2014 include the following: September 30, December 31, 2015 2014 Assets Discontinued subsidiary Cash and cash equivalents $ – $ 460,545 Notes receivable – 62,209 Accounts receivable – 489,286 Contract in place – 1,295,726 Other assets – 24,392 Property, Plant and Equipment, net – 42,631 Assets Held for Sale - Discontinued Operations $ – $ 2,374,789 September 30, December 31, 2015 2014 Liabilities Discontinued subsidiary Notes payable $ – $ 8,287 Accounts payable – 566,838 Other current liabilities – 6,846 Liabilities - discontinued Operations $ – $ 581,971

1. Summary of Significant Acc14

1. Summary of Significant Accounting Policies (Policy)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These interim condensed consolidated financial statements represent the financial activity of International Packaging and Logistics Group, Inc., (“IPL Group” or “the Company”) a publicly traded company listed and traded on the OTC Markets Pink Sheets. The interim condensed consolidated financial statements for the three and nine months ended September 30, 2015 and 2014 have been prepared in accordance with accounting principles generally accepted in the United States. The interim condensed consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany transactions have been eliminated. The Company’s fiscal year end is on December 31. The foregoing unaudited interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q and Regulation S-X as promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, these condensed consolidated financial statements do not include all of the disclosures required by generally accepted accounting principles in the United States of America for complete financial statements. These unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included on Form 10-K for the period ended December 31, 2014. In the opinion of management, the unaudited interim condensed consolidated financial statements furnished herein include all adjustments, all of which are of a normal recurring nature, necessary for a fair statement of the results for the interim period presented. The preparation of interim condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the condensed consolidated financial statements are published, and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect to such estimates and assumption are inherent in the preparation of the Company’s condensed consolidated financial statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions that could have a material effect on the reported amounts of the Company’s financial position and results of operations. Operating results for the three and nine month periods ended September 30, 2015, are not necessarily indicative of the results that may be expected for the year ending December 31, 2015.
Nature of Operations	Nature of Operations On July 2, 2007, International Packaging and Logistics Group, Inc., through its wholly-owned subsidiary, YesRx.com (“YesRx”) acquired all the outstanding shares of H&H Glass, Inc. (“H&H Glass” or “H&H”), in exchange for 3,915,000 shares of its common stock in a reverse triangular merger (the “Merger”). H&H Glass is a glass importer that supplies custom products such as perfume bottles and food condiment bottles, plus provides complementary services such as container design and mold making. H&H Glass imports glass containers from Asia and distributes to North America. H&H Glass acquires its products mainly from one supplier in China and Taiwan and sells its products through several distributors in the United States and Canada who service small to medium sized customers. H&H imports in excess of 1,000 shipping containers of glass a year. Depending on the size of the product, a container can contain anywhere from 3,000 to 300,000 pieces.
Organization and Line of Business	Organization and Line of Business International Packaging and Logistics Group, Inc., a Nevada corporation, was originally incorporated as Interactive Medical Technologies, Ltd., on June 2, 1986, in the state of Delaware. On April 17, 2008, IPL Group converted from a Delaware corporation to a Nevada Corporation.
EZ Link Holdings Ltd.	EZ Link Holdings Ltd On January 1, 2010, International Packaging and Logistics Group, Inc., (“IPL Group Inc.”), acquired a majority interest in EZ Link Holdings, Ltd., company organized under the laws of the British Virgin Islands which contractually controls EZ Link Corporation (“EZ Link”), a logistics company headquartered in Taiwan. EZ Link was established in July 2003 under the laws of Taiwan, Republic of China (“PRC”) EZ LINK is a full service international freight forwarder, who has current networks to locations in China, Hong Kong, South East Asia, North East Asia, North America, Latin America and Europe. EZ Link Holdings Ltd. was incorporated in 2009, under the laws of the British Virgin Islands. The Company has no substantive operations of its own. EZ Link Corp., a Taiwan company established in July 2003 with initial registered capital of NTD 13,500,000, is a freight forwarder with current networks of locations in China, Hong Kong, South East Asia, North East Asia, North America, Latin America and Europe, and holds the licenses and approvals necessary to operate its business in China. Taiwan law currently has limits on foreign ownership of companies. To comply with these foreign ownership restrictions, on December 31, 2009, EZ Link Holdings, Ltd. entered into following exclusive agreements with EZ Link Corp. and its owners (collectively the “Contractual Arrangements”): (1) Consulting Services Agreement (2) Operating Agreement
Divestiture of EZ Link	Divestiture of EZ Link Effective February 28, 2015, EZ Link was acquired back IPL Group Inc.’s share position in EZ Link in exchange for their share position in IPL Group Inc. International Packaging and Logistics Group, Inc. (“IPL Group Inc.”) (Seller), entered into an agreement with its majority owned subsidiary, EZ Link Corporation (“EZ Link”) (Buyer) which is a logistics company headquartered in Taiwan. EZ Link was established in July 2003 under the Company Law of Republic of China. Under this agreement EZ Link is acquiring back IPL Group Inc.’s share position in EZ Link in exchange for their share position in IPL Group Inc. This transaction was effective as of February 28, 2015. The terms are as follows: IPL Group Inc. exchanged its position in EZ Link or 688,500 shares in the aggregate, to the original EZ Link shareholders, and such EZ Link shareholders will exchange the following to IPLO: (a) The 457,143 shares of common stock held by EZ Link shareholders. (b) The 400,000 Series B Convertible preferred shares held by EZ Link shareholders. There was an immaterial gain as a result of the divestiture of EZ Link, which was the net the assets less liabilities sold back.
Principles of Consolidation	Principles of Consolidation The accompanying unaudited condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America. EZ Link Corp’s functional currency is New Taiwan Dollars (NTD), however, the accompanying consolidated financial statements have been re-measured and presented in United States Dollars ($). The consolidated financial statements include the accounts of IPL Group and its subsidiaries (collectively the “Company”). The Company’s subsidiaries include H&H Glass and 51% of EZ Link Holdings, Ltd. which is now shown in discontinued operations. EZ LINK’s operating activity for the period January 1, 2015 through February 28, 2015 are shown as discontinued operations in the statement of operations. Intercompany accounts and transactions have been eliminated upon consolidation.
Reclassifications	Reclassifications Certain amounts in the prior year have been reclassified to conform to the current year presentation.
Estimates	Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and the disclosures of contingent assets and liabilities at the date of the consolidated financial statements. Significant estimates include an allowance for doubtful accounts deferred tax assets and liabilities, depreciation of property, plant and equipment.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash equivalents include amounts invested in a money market account with a financial institution. Cash equivalents are carried at cost, which approximates fair value.
Revenue Recognition	Revenue Recognition The Company recognizes product revenue provided that (1) persuasive evidence of an arrangement exists, (2) delivery to the customer has occurred, (3) the selling price is fixed or determinable and (4) collection is reasonably assured. Delivery is considered to have occurred when title and risk of loss have transferred to the customer. The price is considered fixed or determinable when it is not subject to refund or adjustments. Outbound shipping and handling charges are included in net sales and cost of goods sold.
Inventories	Inventories Inventories are stated at the lower of cost (first-in, first-out basis) or market (net realizable value). All inventories consists of finished goods.
Foreign Currency Translation	Foreign Currency Translation The accounts of the EZ Link were maintained, and its consolidated financial statements were expressed, in NTD. Such consolidated financial statements were translated into USD with NTD as the functional currency. All assets and liabilities were translated at the exchange rate on the consolidated balance sheet dates, stockholders’ equity are translated at the historical rates and the statements of income items were translated at the weighted average exchange rate for the year. In 2014 and 2015, the EZ Link operations have been reclassified as discontinued operations. Accordingly, the other comprehensive income previously accumulated has been recognized as of September 30, 2015, and consequently the foreign currency translation adjustments are eliminated as of September 30, 2015. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. Such amounts were not material during each of the three and nine month quarters ended September 30, 2015 and 2014. Cash flow from the Company's operations included in the statement of cash flows is calculated based upon the functional currency using the average translation rate. As a result, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with arithmetical changes in the corresponding balances on the consolidated balance sheet. No presentation is made that the NTD amounts could have been, or could be, converted into USD at the rates used in translation.
Concentration of Credit Risk	Concentration of Credit Risk The Company maintains balances in a Money Market Fund that is not federally insured. Accounts receivable are typically unsecured. The Company performs ongoing credit evaluations of its customers’ financial condition. It generally requires no collateral and maintains reserves for potential credit losses on customer accounts, when necessary. As of September 30, 2015, 80.0% of H&H Glass’s Accounts Receivable were attributable to three customers. As of December 31, 2014, 86.7% of H&H Glass’s Accounts Receivable were attributable to three customers. At September 30, 2015 and December 31, 2014 H&H Glass had allowance for doubtful reserves of $0 and $19,194 respectively. In general the Company will reserve a receivable based one of the following reasons; if the receivable is over 90 days old the company will reserve 50% and if over 12 months old the Company will reserve 100% of the amount. H&H Glass purchased 100% of its glass from one vendor in the three and nine month periods ending September 30, 2015 and 2014. During the three-month period ending September 30, 2015 and 2014, H&H Glass purchased $9,084,473 and $7,701,672 of products from this vendor, respectively. During the nine-month period ending September 30, 2015 and 2014, H&H Glass purchased $25,458,866 and $21,997,846 of products from this vendor, respectively. This concentration is due to the relatively small size of H&H Glass’s orders. H&H Glass’s specialized short-run custom orders generally are not attractive to larger glass manufacturers. As customer orders have been growing in size, H&H Glass has begun to seek additional suppliers.
Non-controlling Interest	Non-controlling Interest IPLO sold its interest in EZ Link as of February 28, 2015. The Company accounted for its non-controlling interest of 49% in EZ Link Holdings, Ltd. in the consolidated financial statements classified as a separate component of equity. In addition, net earnings, and components of other comprehensive income are attributed to both the Company and non-controlling interest.
Net Earnings/(Loss) per Share	Net Earnings/(Loss) per Share Earnings/(loss) per common share is computed on the weighted average number of common shares outstanding during each year. Basic earnings per share is computed as net loss applicable to common stockholders’ divided by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur from common shares issuable through convertible preferred shares, stock options, warrants and other convertible securities when the effect would be dilutive. In this case, the Preferred Shares would not be dilutive since the conversion price is $3.00 and the quoted price is significantly lower than the conversion price. Therefore there were no dilutive securities for the three and nine months ending September 30, 2015 and 2014, respectively.
Income taxes	Income Taxes The Company accounts for its income taxes using the Financial Accounting Standards Board ASC 740, “Income Taxes,” which requires the establishment of a deferred tax asset or liability for the recognition of future deductible or taxable amounts and operating loss and tax credit carryforwards. Deferred tax expense or benefit is recognized as a result of timing differences between the recognition of assets and liabilities for book and tax purposes during the year. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Deferred tax assets are recognized for deductible temporary differences and operating loss, and tax credit carryforwards. A valuation allowance is established to reduce the deferred tax asset if it is “more likely than not” that the related tax benefits will not be realized. The Company accounts for income taxes in accordance ASC Topic 740. Realization of an uncertain income tax position must be estimated as “more likely than not” (i.e., greater than 50% likelihood of receiving a benefit) before it can be recognized in the financial statements. Further, the recognition of tax benefits is required to be recorded in the financial statements to be based on the amount most likely to be realized assuming a review by tax authorities having all relevant information. ASC 740 also clarifies the financial statement classification of tax-related penalties and interest and sets forth new disclosures regarding unrecognized tax benefits. As of September 30, 2015, the Company has not recognized any obligation for uncertain tax positions. EZ Link, Corporation is governed by the Taiwan’s Income Tax Law and local income tax laws. Pursuant to the Taiwan Income Tax Law, enterprises are subject to tax at a statutory rate of 17%. The local government has also provided companies with various incentives to encourage economic development in the region. Such incentives include reduced tax rates and other measures.

5. Property and Equipment (Tabl

5. Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	September 30, December 31, Furniture and fixtures $ 14,552 $ 14,552 Computers and equipment 23,452 23,452 38,004 38,004 Less accumulated depreciation (38,004 ) (38,004 ) Total $ – $ –

6. Accounts Payable and Accru16

6. Accounts Payable and Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2015
Payables and Accruals [Abstract]
Accounts payable and accrued expenses	September 30, 2015 December 31, 2014 Accounts payable $ 6,917,694 $ 8,362,179 Accrued professional and related fees 64,175 72,675 Total $ 6,981,869 $ 8,434,854

7. Commitments and Contingenc17

7. Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Future minimum payments	Fiscal Year ended December 31, 2015 $ 19,836 2016 81,780 2017 84,216 Thereafter 146,276 $ 332,108

8. Discontinued Operations (Tab

8. Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Results of discontinued operations	September 30 September 30 Discontinued operations: 2015 2014 Revenue $ – $ 2,107,246 Gain (Loss) from operations, including portion attributable to non-controlling interest of discontinued Logistics component – 5,831 Income tax benefit – (1,671 ) Gain (Loss) on discontinued operations – 4,160 September 30 September 30 Discontinued operations: 2015 2014 Revenue $ 1,015,230 $ 5,326,002 Gain (Loss) from operations, including portion attributable to non-controlling interest of discontinued Logistics component 15,924 (32,302 ) Income tax benefit – 989 Gain (Loss) on discontinued operations 15,924 (31,313 )
Assets and liabilities of discontinued operations	September 30, December 31, 2015 2014 Assets Discontinued subsidiary Cash and cash equivalents $ – $ 460,545 Notes receivable – 62,209 Accounts receivable – 489,286 Contract in place – 1,295,726 Other assets – 24,392 Property, Plant and Equipment, net – 42,631 Assets Held for Sale - Discontinued Operations $ – $ 2,374,789 September 30, December 31, 2015 2014 Liabilities Discontinued subsidiary Notes payable $ – $ 8,287 Accounts payable – 566,838 Other current liabilities – 6,846 Liabilities - discontinued Operations $ – $ 581,971

1. Summary of Significant Acc19

1. Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Money market funds	$ 458,569	$ 264,835	$ 458,569	$ 264,835
H and H Glass [Member]
Allowance for doubtful account reserves	$ 0		$ 0		$ 19,194
Accounts Receivable [Member] | H and H Glass [Member] | Three customers
Concentration risk			80.00%		86.70%
Purchases | H and H Glass [Member]
Concentration risk	100.00%	100.00%	100.00%	100.00%
Cost of goods sold	$ 9,084,473	$ 7,701,672	$ 25,458,866	$ 21,997,846

3. Common and Preferred Stock20

3. Common and Preferred Stock Transactions (Details Narrative)	9 Months Ended
	Sep. 30, 2015shares
Common Stock [Member]
Stock returned, shares	457,143
Series B Preferred Stock [Member]
Stock returned, shares	400,000

4. Related Party Transactions (

4. Related Party Transactions (Details Narrative) - USD ($)	2 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Notes payable - related party		$ 80,000		$ 80,000		$ 80,000
Rent expense		20,601	$ 11,524	55,559	$ 35,819
Allen Lin [Member]
Salary		69,000	66,950	207,000	200,850
Notes payable - related party		80,000		80,000
Josephine Lin [Member]
Salary		15,000	14,805	45,000	44,675
William Gresher [Member]
Director fees		1,500	1,500	4,500	4,500
Owen Naccarato [Member]
Director fees		1,500	1,500	4,500	4,500
Legal fees		$ 9,000	$ 9,000	$ 27,000	27,000
Easy Global Company
Rent expense	$ 7,233				$ 34,046

5. Property and Equipment (Deta

5. Property and Equipment (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Property and equipment gross	$ 38,004	$ 38,004
Less accumulated depreciation	(38,004)	(38,004)
Property and equipment net	0	0
Furniture and Fixtures [Member]
Property and equipment gross	14,552	14,552
Computer Equipment [Member]
Property and equipment gross	$ 23,452	$ 23,452

5. Property and Equipment (De23

5. Property and Equipment (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 0	$ 1,907	$ 0	$ 5,506

6. Accounts Payable and Accru24

6. Accounts Payable and Accrued Expenses (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Accounts payable	$ 6,917,694	$ 8,362,179
Accrued professional and related fees	64,175	72,675
Total accounts payable and accrued expenses	$ 6,981,869	$ 8,434,854

7. Commitments and Contingenc25

7. Commitments and Contingencies (Details)	Dec. 31, 2014USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,015	$ 19,836
2,016	81,780
2,017	84,216
Thereafter	146,276
Total	$ 332,108

8. Discontinued Operations (Det

8. Discontinued Operations (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Discontinued operations revenue	$ 0	$ 2,107,246	$ 1,015,230	$ 5,326,002
Gain (loss) from operations	0	5,831	15,924	(32,302)
Discontinued operations income tax expense	0	(1,671)	0	989
Income (Loss) from discontinued operations	0	$ 4,160	15,924	$ (31,313)
Assets Discontinued subsidiary
Cash and cash equivalents	0		0		$ 460,545
Notes receivable	0		0		62,209
Accounts receivable	0		0		489,286
Contract in place	0		0		1,295,726
Other assets	0		0		24,392
Property, Plant and Equipment, net	0		0		42,631
Assets Held for Sale - Discontinued Operations	0		0		2,374,789
Liabilities Discontinued subsidiary
Notes payable	0		0		8,287
Accounts payable	0		0		566,838
Other current liabilities	0		0		6,846
Liabilities - discontinued Operations	$ 0		$ 0		$ 581,971