RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2018

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

5. RELATED PARTY TRANSACTIONS

Due to Relate Party

The due to related party is summarized below:

	12/31/2018		12/31/2017
Fees paid by Logicquest Technology Limited, a company controlled by the Company’s Chief Financial Officer, Cheng Yew Siong, on behalf of the Company	$	230,041	$	198,776

During the years ended December 31, 2018 and 2017, the Company recorded salary payment to Chief Executive Officer in the amount of $104,000 and $98,000, respectively. The entire amount was paid by Logicquest Technology Limited and was included in the ending balance of due to related party as of December 31, 2018 and 2017.

Disposal of trademarks

On August 17, 2017 the Company entered into an Assignment of Trademarks with Logicquest Technology Limited, a related party, pursuant to which the Company agreed to assign and transfer all of its right, title and interest in and to the trademarks to Logicquest Technology Limited for a lump sum price of $24,140. During the year ended December 31, 2017, the transfer of trademarks was all completed and recognized by the Company, resulting in a gain on disposal of intangible assets of $3,647. Logicquest Technology Limited agreed to settle the trademark sale against the related party payable of $24,140 in lieu of cash payment.