Related Party Transactions

12 Months Ended

Dec. 31, 2014

Related Party Transactions [Text Block]

Note 6 – Related Party Transactions

Related parties

Related parties with whom the Company had transactions are:

Related Parties	Relationship
Management and significant stockholders
Mr. Wang, Fenglin	Chairman, CEO and significant stockholder of the Company
Mr. Wang, Wenyong	Significant stockholder of the Company, Mr. Wang, Fenglin’s son
Entities under common control
DLD Henan Network Technology Co., Ltd. ("DLD Network")	An entity majority-owned and controlled by Chairman, CEO and significant stockholder of the Company
DLD Industry Development Co., Ltd. (“DLD Industry”)	An entity majority-owned and controlled by Chairman, CEO and significant stockholder of the Company
DLD Beijing Hotel Co., Ltd. ("DLD Hotel")	An entity majority-owned and controlled by Chairman, CEO and significant stockholder of the Company
DLD E-Payment Co., Ltd. ("DLD E-payment")	An entity majority-owned and controlled by Chairman, CEO and significant stockholder of the Company
Zhengzhou DLD Trade and Business Co., Ltd ("DLD Zhengzhou Trade”)	An entity majority-owned and controlled by significant stockholder of the Company, Mr. Wang Fenglin’s son

Advances from Significant Stockholders

From time to time, the Chairman, CEO and significant stockholders of the Company advance funds to the Company for working capital purpose. These advances are unsecured, non-interest bearing and due upon demand.

Operating Lease from Chairman and CEO

On June 6, 2014, DLD Henan entered into a non-cancellable operating lease for its 119.99 square meters commercial office space in the City of Zhengzhou, Henan Province, PRC from Mr. Wang for RMB36, 000 per year expiring on June 8, 2015. Rent expense incurred for the year ended December 31, 2014 was RMB21,000 (approximately $3,417). Future minimum lease payments are RMB15,000 (approximately $814) for the remainder of the lease term.

Operating Lease from DLD Henan Network Technology Co., Ltd. (“DLD Network”)

On June 30, 2014, DLD Henan entered into a non-cancellable operating lease for its commercial office space in the City of Zhengzhou, Henan Province, PRC from DLD Network for RMB2,160,000 for a period of two years expiring on June 30, 2016. Rent expense incurred for the year ended December 31, 2014 was RMB540,000 (approximately $87,862). Future minimum lease payments are RMB1,620,000 (approximately $263,586) for the remainder of the lease term.

Advances from (repayments to) Affiliates

From time to time, certain affiliates of the Company advance funds from (to) the Company for working capital purpose. These advances are unsecured, non-interest bearing and due upon demand.