Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Details 1)

v3.10.0.1
Related Party Transactions (Details 1) - USD ($)
Dec. 31, 2018
Mar. 31, 2018
Daniel Shih [Member]    
Related Party Transaction [Line Items]    
Rental deposit $ 2,462 $ 2,542
Other payable to: [1] 13,444 132,305
Bummy Wu [Member]    
Related Party Transaction [Line Items]    
Other receivable [2] 100,067
Dmedia [Member]    
Related Party Transaction [Line Items]    
Loan from Dmedia [3] 325,040
Klingon [Member]    
Related Party Transaction [Line Items]    
Other payable to: [4] 762,000 762,000
Jeffrey Wun [Member]    
Related Party Transaction [Line Items]    
Other payable to: [5] 46,236
Louis Giordimanina [Member]    
Related Party Transaction [Line Items]    
Other payable to: 6,071 135,973
Yih Lieh (Giretsu) Shih [Member]    
Related Party Transaction [Line Items]    
Other payable to: [5] 15,497 81,752
WWI [Member]    
Related Party Transaction [Line Items]    
Other payable to: [6] 39,224 38,241
Others [Member]    
Related Party Transaction [Line Items]    
Other payable to: [5] 66,826 149,307
Total [Member]    
Related Party Transaction [Line Items]    
Other payable to: $ 949,298 $ 1,299,578
[1] The amount as of March 31, 2018 represents payable to employees as a result of regular operating activities, while the amount as of December 31, 2018 represents rental payable.
[2] 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.
[3] Represents short-term loan from Dmedia. This short-term loan has an expiration date of January 30, 2019 and an annual interest rate of 3%. The Company repaid the short-term loan in full on June 14, 2018.
[4] On March 9, 2015, the Company entered into a 10-year purchase agreement with Klingon. In accordance with the terms of this agreement, Klingon agreed to purchase from the Company an initial order of onboard equipment comprising an onboard system for a purchase price of $909,000, with payments to be made in accordance with a specific milestones schedule. As of December 31, 2018, the Company received $762,000 from Klingon in milestone payments towards the equipment purchase price. Since the project might not be successful, the Company reclassified the balance from customer prepayment to other payable due to uncertainty.
[5] Represents payable to employees as a result of regular operating activities.
[6] Represents rent for a warehouse in Hong Kong to store the Company's hardware.