Note 8 - Related Party Transactions

12 Months Ended

Dec. 31, 2012

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

8. RELATED PARTY TRANSACTIONS

(a) Accounts receivable and sales – related company

For the years ended December 31, 2012 and 2011, the Company earned sales revenue of $0 and $15,415 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, 2012 and 2011, there was no accounts receivable due from a related party.

(b) IT service cost paid to a related company

For the years ended December 31, 2012 and 2011, the Company paid IT service cost of $8,508 and $33,911, 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

Commencing from April 1, 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.

Rent expense totaled approximately $21,792 and $92,485 for the years ended December 31, 2012 and 2011.