Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Details 1)

v3.19.2
Related Party Transactions (Details 1) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Bummy Wu [Member]    
Related Party Transaction [Line Items]    
Temporary deposit [1] $ 100,067
Dmedia [Member]    
Related Party Transaction [Line Items]    
Loan from Dmedia [2] 194,600
Jeffrey Wun [Member]    
Related Party Transaction [Line Items]    
Other payable to: [3] 74,044 46,236
Louis Giordimaina [Member]    
Related Party Transaction [Line Items]    
Other payable to: [3] 40,803 6,071
WWI [Member]    
Related Party Transaction [Line Items]    
Operating lease liability [4] 44,494
Other payable to: [4] 39,318 39,224
Others [Member]    
Related Party Transaction [Line Items]    
Other payable to: [3] 59,666 66,826
Consolidated Related Party [Member]    
Related Party Transaction [Line Items]    
Other payable to: 531,207 173,854
Yih Lieh (Giretsu) Shih [Member]    
Related Party Transaction [Line Items]    
Other payable to: [4] 204,006 15,497
Chien Ming Tseng [Member]    
Related Party Transaction [Line Items]    
Other payable to: [3] 66,108
Hao Wei Peng [Member]    
Related Party Transaction [Line Items]    
Other payable to: [3] $ 47,262
[1] In November 2018, Aircom HK's bank account was temporarily frozen by its local bank in Hong Kong (the "HK bank") due to Aircom HK's failure to timely submit to the HK bank corporate documentation relating to the corporate organization and goodstanding of Aircom HK's parent company, Aircom, and Aircom's parent company, Aerkomm. To avoid a potential cash flow issue resulting from this temporary account freeze, Aircom HK withdrew $100,067 in cash from the HK bank and temporarily deposited it in an existing related party's bank account at a different bank for safe keeping. The Aircom HK's bank account with the HK bank was reactivated by the HK bank subsequently and the cash that was transferred to the related party's account was redeposited into Aircom HK's bank account at the HK bank in February 2019.
[2] Represents short-term loan from Dmedia. This short-term loan has an expiration date of January 30, 2020 and an annual interest rate of 3%. The Company repaid the loan in full on July 1. 2019.
[3] Represents payable to employees as a result of regular operating activities.
[4] Represents rent for a warehouse in Hong Kong to store the Company's hardware, which ended in May 2018, and rent for another Hong Kong office starting June 28, 2018.