Quarterly report pursuant to Section 13 or 15(d)

SHORT-TERM BORROWINGS FROM THIRD PARTIES (Details)

v3.7.0.1
SHORT-TERM BORROWINGS FROM THIRD PARTIES (Details)
6 Months Ended
Jun. 30, 2017
USD ($)
Jun. 30, 2017
HKD
Dec. 31, 2016
USD ($)
Short-term Debt $ 6,244,811   $ 6,308,513
Debt Instrument, Unamortized Discount, Current $ 233,032   212,859
Short Term Debt One [Member]      
Debt Instrument, Issuance Date Jul. 15, 2016    
Debt Instrument Borrower Hong Kong Takung    
Debt Instrument, Issuer Merit Crown Limited    
Short-term Debt $ 1,498,943 HKD 11,700,000 1,509,015
Short-term Debt, Weighted Average Interest Rate 8.00% 8.00%  
Debt Instrument, Maturity Date Dec. 31, 2017    
Short Term Debt Two [Member]      
Debt Instrument, Issuance Date Aug. 24, 2016    
Debt Instrument Borrower Hong Kong Takung    
Debt Instrument, Issuer Merit Crown Limited    
Short-term Debt $ 1,998,091 HKD 15,596,100 2,011,518
Short-term Debt, Weighted Average Interest Rate 8.00% 8.00%  
Debt Instrument, Maturity Date Dec. 31, 2017    
Short Term Debt Three [Member]      
Debt Instrument, Issuance Date Nov. 18, 2016    
Debt Instrument Borrower Hong Kong Takung    
Debt Instrument, Issuer Merit Crown Limited    
Short-term Debt $ 1,470,643 HKD 11,479,102 1,480,525
Short-term Debt, Weighted Average Interest Rate 8.00% 8.00%  
Debt Instrument, Maturity Date Oct. 31, 2017    
Short Term Debt Four [Member]      
Debt Instrument, Issuance Date Dec. 09, 2016    
Debt Instrument Borrower Hong Kong Takung    
Debt Instrument, Issuer Merit Crown Limited    
Short-term Debt $ 1,510,166 HKD 11,787,600 $ 1,520,314
Short-term Debt, Weighted Average Interest Rate 8.00% 8.00%  
Debt Instrument, Maturity Date Nov. 30, 2017