CONCENTRATIONS AND CREDIT RISKS

6 Months Ended

Jun. 30, 2015

Concentration Risk Disclosure [Text Block]

17.

CONCENTRATIONS AND CREDIT RISKS

As of June 30, 2015 and December 31, 2014, the Company held cash in banks of $4,794 and $8,958, respectively that is uninsured by the government authority. To limit exposure to credit risk relating to deposits, the Company primarily places cash deposits only with large financial institutions in the PRC with acceptable credit ratings.

The Company’s operations are carried out in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environments in the PRC as well as by the general state of the PRC’s economy. The business may be influenced by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.

No single customer accounted for 10% or more of total sales for the three months ended June 30, 2015 and 2014. No single supplier accounted for 10% or more of total inventory and service purchases for the three months ended June 30, 2015 and 2014.

No single customer accounted for 10% or more of total sales for the six months ended June 30, 2015 and 2014. No single supplier accounted for 10% or more of total inventory and service purchases for the six months ended June 30, 2015 and 2014.

Comjoyful International Co 10-Q