Quarterly report pursuant to Section 13 or 15(d)

Significant Related Party Transactions (Details 1)

v3.20.2
Significant Related Party Transactions (Details 1) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Related Party Transaction [Line Items]    
Other receivable $ 268,183 $ 920
Short-term loan from WTL [1] 2,119,669
Other payable to: 149,969 30,971
Others [Member]    
Related Party Transaction [Line Items]    
Other receivable 3,720 920
Other payable to: [2] 89,062 30,971
Sheng-Chun Chang [Member]    
Related Party Transaction [Line Items]    
Other receivable [3] 264,463
AATWIN [Member]    
Related Party Transaction [Line Items]    
Other payable to: [4] $ 60,907
[1] Represents short-term loan from WTL due to operation needs. Original loan amount approximately $2.64M (NTD 80,000,000) (see Note 1). The loan agreement will be expired on December 31, 2021 but the Company paid $2.53M (NTD 76,000,000) as of June 29, 2020.
[2] Represents payable to employees as a result of regular operating activities.
[3] Represents temporary payment to Sheng-Chun Chang, fully received on April 1, 2020.
[4] Represents payable to AATWN due to consulting agreement on January 1, 2019. The monthly consulting fee is EUR 15,120 (approximately $17,000) and will be expired December 31, 2021.