Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY BALANCES AND TRANSACTIONS

v3.7.0.1
RELATED PARTY BALANCES AND TRANSACTIONS
6 Months Ended
Jun. 30, 2017
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
9. RELATED PARTY BALANCES AND TRANSACTIONS
 
The following is a list of related parties to which the Company has transactions with:
  
(a) Jianping Mao (“Mao”), the wife of the Vice General Manager of Hong Kong Takung.
  
Amount due to related party
 
Amount due to related party consisted of the following as of the periods indicated:
 
 
 
June 30,
 
December 31,
 
 
 
2017
 
2016
 
 
 
(Unaudited)
 
 
 
Mao (a)
 
$
1,024,918
 
$
1,031,805
 
Total
 
 
1,024,918
 
 
1,031,805
 
 
Related party transactions
 
There were no significant transactions with related parties during six months ended June 30, 2017 and 2016.