Significant Related Party Transactions (Details Textual) |
1 Months Ended | 6 Months Ended |
---|---|---|
May 11, 2020 |
Jun. 30, 2020 |
|
Significant Related Party Transactions (Textual) | ||
Consulting agreement. description | The Company entered into a product purchase agreement with Yuan Jiu to purchase 100 sets of the AirCinema Cube to be installed on aircraft of commercial airline customers. The total purchase amount under this agreement was $1,807,100 and the Company paid 10% of the total amount as an initial deposit. On July 15, 2020, the Company signed a second product purchase agreement with Yuan Jiu for an additional 100 sets of the AirCinema Cube for the same purchase amount and paid a 10% initial deposit ($180,710) on this agreement as well. | |
WTL [Member] | ||
Significant Related Party Transactions (Textual) | ||
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 August 17, 2020. | |
AATWIN [Member] | ||
Significant Related Party Transactions (Textual) | ||
Related party transactions, description | Represents payable to AATWIN 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. | |
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% during the six-month period ended June 30, 2019. The Company repaid the short-term loan in full on July 1, 2019. |