Note 8 - Related Party Transactions

12 Months Ended

Dec. 31, 2011

Notes To Financial Statements

Related Party Transactions Disclosure [Text Block]

8.         RELATED PARTY TRANSACTIONS

(a)         Accounts receivable and sales – related company

For the years ended December 31, 2011 and 2010, the Company earned sales revenue of $15,415 and $15,446 from a related company which is controlled by a director of the Company, Mr. Samuel Tsun, at the current market value in a normal course of business.

As of December 31, 2011 and 2010, accounts receivable due from a related party was amounted to $0 and $3,854, respectively.

(b)         IT service cost paid to a related company

For the years ended December 31, 2011 and 2010, the Company paid IT service cost of $33,911 and $33,979, respectively to the related company which is controlled by a director of the Company, Mr. Samuel Tsun, at the current market value in a normal course of business.

(c)         Rent charge paid to a related company

For the years ended December 31, 2011 and 2010, the Company paid rent charge of $92,485 and $92,670 respectively to the related company which is controlled by a director of the Company, Mr. Samuel Tsun, at the current market value in a normal course of business.