Note 7 - Related Party Transactions

9 Months Ended

Sep. 30, 2012

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE－7     RELATED PARTY TRANSACTIONS

(a)     Accounts receivable and sales – related company

For the three and nine months ended September 30, 2012, the Company had no related party transactions

For the three and nine months ended September 30, 2011, the Company earned sales revenue of $3,849 and $11,559 from Dbtronix (Far East) Ltd., which was controlled by a director of the Company, Mr. Samuel Tsun, at the current market value in the normal course of business.

(b)          IT service cost paid to a related company

For the three and nine months ended September 30, 2012, the Company paid IT service cost of $0 and $8,504, respectively to the related company, which was controlled by a director of the Company, Mr. Samuel Tsun, at the current market value in the normal course of business.

For the three and nine months ended September 30, 2011, the Company paid IT service cost of $8,468 and $25,428, respectively to the related company, which was controlled by a director of the Company, Mr. Samuel Tsun, at the current market value in the normal course of business.

(c)     Rent charge paid to a related company

Commencing from April 2012, the Company utilized office space owned by a director and stockholder at no charge. Such costs are immaterial to the financial statements and accordingly are not reflected herein. For the three and nine months ended September 30, 2012, the Company paid rent charge of $0 and $21,783, respectively to the related company, which was controlled by a director of the Company, Mr. Samuel Tsun, at the current market value in the normal course of business.

For the three and nine months ended September 30, 2011, the Company paid rent charge of $23,094 and $69,349, respectively to the related company, which was controlled by a director of the Company, Mr. Samuel Tsun, at the current market value in the normal course of business.