Quarterly report pursuant to Section 13 or 15(d)

Significant Related Party Transactions (Details Textual)

v3.20.2
Significant Related Party Transactions (Details Textual)
3 Months Ended
Mar. 31, 2020
WTL [Member]  
Significant Related Party Transactions (Textual)  
Short-term loan, description Aerkomm Taiwan entered into a short-term loan agreement with WTL to draw down approximately $2.64 million (NTD 80,000,000) from the Loans (see Note 1) for working capital purposes. This short-term loan carries an annual interest rate of 5%. The Company repaid NTD 76,000,000 (approximately $2,500,000) of the outstanding loan amount prior to April 9, 2020.
Related party transactions, description The original loan amount was approximately $2.64M (NTD 80,000,000). The loan agreement will terminate on December 31, 2021. The Company has repaid $2.53M (NTD 76,000,000) of the outstanding loan amount as of July 6, 2020.
AATWIN [Member]  
Significant Related Party Transactions (Textual)  
Related party transactions, description 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.
Consulting agreement. description Aircom entered a consulting agreement with AATWIN for the period between January 1, 2019 and December 31, 2021. Pursuant to the terms of this consulting agreement, Aircom pays AATWIN consulting fees of approximately $17,000 per month.
Expired date Dec. 31, 2021
Dmedia [Member]  
Significant Related Party Transactions (Textual)  
Related party transactions, description Aerkomm had short-term loans from Dmedia with an annual interest rate of 3% for the period ended December 31, 2019. The Company repaid the short-term loan in full on July 1, 2019.