Quarterly report pursuant to Section 13 or 15(d)

ACCRUED EXPENSES AND OTHER PAYABLES (Tables)

v3.7.0.1
ACCRUED EXPENSES AND OTHER PAYABLES (Tables)
6 Months Ended
Jun. 30, 2017
Payables and Accruals [Abstract]  
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]
Accrued expenses and other payables as of June 30, 2017 and December 31, 2016 consisted of:
 
 
 
June 30,
 
December 31,
 
 
 
2017
 
2016
 
 
 
(Unaudited)
 
 
 
Trading and clearing system
 
$
89,664
 
$
61,735
 
Accruals for professional fees
 
 
98,037
 
 
49,952
 
Accruals for consulting fees
 
 
299,869
 
 
290,773
 
Accruals for rental
 
 
47,006
 
 
7,613
 
Payroll payables
 
 
355,100
 
 
141,022
 
Accruals for business trip expense
 
 
29,606
 
 
-
 
Other payables
 
 
73,502
 
 
57,788
 
Total accrued expenses, account & other payables
 
$
992,784
 
$
608,883