Related Party Transactions
|9 Months Ended|
Sep. 30, 2018
|Related Party Transactions [Abstract]|
|RELATED PARTY TRANSACTIONS||
The director of the Company provides services free of charge. The Company’s sole officer and director is involved in other business activities and may in the future, become involved in other business opportunities as they become available.
As of September 30, 2018 and December 31, 2017, the current director, Mr. Lei Wang, provided net advances of $25,205 and $57,349 for the purpose of operating the Company.
Advances from related party are unsecured, due on demand, and non-interest bearing. The outstanding advances from related party was $130,407 and $81,767 as of September 30, 2018 and December 31, 2017, respectively.
The Company’s registration address is free of charge as it is provided by a related party. The Company is not able to estimate fair market value for using a registered address; therefore, there is no rent expenses for the nine months ended September 30, 2018.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef