DUE TO RELATED PARTY

9 Months Ended

Sep. 30, 2017

Related Party Transactions [Abstract]

DUE TO RELATED PARTY

3. DUE TO RELATED PARTY

The due to related party is summarized below:

	9/30/2017		12/31/2016
Expenses paid by Logicquest Technology Limited, a company controlled by the Company’s Chief Financial Officer, Cheng Yew Siong, on behalf of the Company	$	493,552	$	380,196

During the nine months period ended September 30, 2017, Logicquest Technology Limited paid operating expenses of $127,798 on behalf of the Company. The Company sold trademarks with gross carrying value of $14,442 to Logicquest Technology Limited and generated a gain on disposal of intangible assets of $2,012. The total $14,442 was offset against related party payable. Also see Note 4 for more details. As of September 30, 2017 and December 31, 2016, the ending balance of due to related party was $493,552 and $380,196, respectively. The amount due to related party is non-interest bearing and is due on demand.