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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2021
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

5. RELATED PARTY TRANSACTIONS

 

Due to Relate Party

 

The due to related party is summarized below:

 

          
   2021   2020 
           
Fees paid by Logicquest Technology Limited, a company controlled by the Company’s Chief Financial Officer, Cheng Yew Siong, on behalf of the Company  $1,050,079   $970,093 

 

During the year ended December 31, 2021 and 2020, Logicquest Technology Limited paid operating expenses of $79,986 and $120,944, respectively, on behalf of the Company. The balance due to related party is unsecured, does not bear interest and is due on demand.