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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

5. RELATED PARTY TRANSACTIONS


Due to Relate Party


The due to related party is summarized below:


 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

Fees paid by Logicquest Technology Limited, a company controlled by the Company’s Chief Financial Officer, Cheng Yew Siong, on behalf of the Company

 

$

970,093

 

 

$

849,149

 


During the year ended December 31, 2020 and 2019, Logicquest Technology Limited paid operating expenses of $120,944 and $64,276, respectively, on behalf of the Company. The balance due to related party is unsecured, does not bear interest and is due on demand.