Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment (Details Textual)

v3.20.2
Property and Equipment (Details Textual) - USD ($)
1 Months Ended 3 Months Ended
May 01, 2018
Mar. 31, 2020
Mar. 31, 2019
Property and Equipment (Textual)      
Depreciation expense (unaudited)   $ 137,039 $ 137,426
Tsai Ming-Yin [Member]      
Property and Equipment (Textual)      
Acquisition, description The land is expected to be used to build a satellite ground station and data center. On July 10, 2018, the Company, Aerkomm Taiwan and the Seller entered into a certain real estate sales contract regarding this acquisition. Pursuant to the terms of the contract, and subsequent amendments on July 30, 2018, September 4, 2018, November 2, 2018 and January 3, 2019, the Company paid to the seller in installments refundable prepayments of $33,850,000 million as of December 31, 2018. On July 2, 2019, the Company paid the remaining purchase price balance of $624,462. As of March 31, 2020 and December 31, 2019, the estimated commission payable for the land purchase in the amount of $1,387,127 was recorded to the cost of land and the payment to be paid after the full payment of the Land acquisition price no later than December 31, 2021.