Quarterly report pursuant to Section 13 or 15(d)

LOAN RECEIVABLES (Details)

v3.7.0.1
LOAN RECEIVABLES (Details)
6 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2017
CNY (¥)
Dec. 31, 2016
USD ($)
Loans and Leases Receivable, Net Amount $ 6,680,115   $ 6,374,046
Loan Receivable One [Member]      
Loans And Leases Receivable, Initiation Date Jul. 15, 2016    
Loans And Leases Receivable, Name Of Borrower Xiaohui Wang    
Loans And Leases Receivable, Name Of Lender Shanghai Takung    
Loans and Leases Receivable, Net Amount $ 0 ¥ 10,080,000 1,451,822
Receivable with Imputed Interest, Effective Yield (Interest Rate) 0.00%    
Loans And Leases Receivable, Maturity Date Mar. 31, 2017    
Loan Receivable Two [Member]      
Loans And Leases Receivable, Initiation Date Aug. 24, 2016    
Loans And Leases Receivable, Name Of Borrower Xiaohui Wang    
Loans And Leases Receivable, Name Of Lender Shanghai Takung    
Loans and Leases Receivable, Net Amount $ 0 13,350,000 1,922,800
Receivable with Imputed Interest, Effective Yield (Interest Rate) 0.00%    
Loans And Leases Receivable, Maturity Date Mar. 31, 2017    
Loan Receivable Three [Member]      
Loans And Leases Receivable, Initiation Date Nov. 14, 2016    
Loans And Leases Receivable, Name Of Borrower Xiaohui Wang    
Loans And Leases Receivable, Name Of Lender Shanghai Takung    
Loans and Leases Receivable, Net Amount $ 1,515,643 10,275,000 1,479,908
Receivable with Imputed Interest, Effective Yield (Interest Rate) 0.00%    
Loans And Leases Receivable, Maturity Date Oct. 31, 2017    
Loan Receivable Four [Member]      
Loans And Leases Receivable, Initiation Date Dec. 09, 2016    
Loans And Leases Receivable, Name Of Borrower Xiaohui Wang    
Loans And Leases Receivable, Name Of Lender Tianjin Takung    
Loans and Leases Receivable, Net Amount $ 1,556,208 10,550,000 1,519,516
Receivable with Imputed Interest, Effective Yield (Interest Rate) 0.00%    
Loans And Leases Receivable, Maturity Date Nov. 30, 2017    
Loan Receivable Five [Member]      
Loans And Leases Receivable, Initiation Date Jan. 04, 2017    
Loans And Leases Receivable, Name Of Borrower Xiaohui Wang    
Loans And Leases Receivable, Name Of Lender Tianjin Takung    
Loans and Leases Receivable, Net Amount $ 3,608,264 ¥ 24,461,505 $ 0
Receivable with Imputed Interest, Effective Yield (Interest Rate) 0.00%    
Loans And Leases Receivable, Maturity Date Dec. 31, 2017