SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($) |
6 Months Ended | 12 Months Ended |
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Jun. 30, 2018 |
Dec. 31, 2017 |
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Total cash | $ 3,643,316 | $ 3,027,033 |
Percentage of concentrations of credit risk | 100.00% | 100.00% |
United States [Member] | ||
Total cash | $ 2,324,517 | $ 1,700,024 |
Percentage of concentrations of credit risk | 63.80% | 56.20% |
China [Member] | ||
Total cash | $ 1,318,799 | $ 1,327,009 |
Percentage of concentrations of credit risk | 36.20% | 43.80% |
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- Definition For banks and other depository institutions: Includes cash on hand (currency and coin), cash items in process of collection, noninterest bearing deposits due from other financial institutions (including corporate credit unions), and noninterest bearing balances with the Federal Reserve Banks, Federal Home Loan Banks and central banks. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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