RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2019

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

5. RELATED PARTY TRANSACTIONS

Due to Relate Party

The due to related party is summarized below:

	2019		2018
Fees paid by Logicquest Technology Limited, a company controlled by the Company’s Chief Financial Officer, Cheng Yew Siong, on behalf of the Company	$	849,149	$	784,873

During the year ended December 31, 2019 and 2018, Logicquest Technology Limited paid operating expenses of $64,276 and $230,041, respectively, on behalf of the Company. The balance due to related party is unsecured, does not bear interest and is due on demand.

During the years ended December 31, 2019 and 2018, the Company recorded a salary payment to its former Chief Executive Officer in the amount of $nil and $104,000, 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, 2019 and 2018.