Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies [Text Block]

Note 7 – Commitments and Contingencies

Operating Leases

(i) Operating Lease – DLD Technology Office Space

On July 10, 2012, DLD Technology entered into a non-cancelable operating lease for office space that will expire on July 10, 2015. The annual lease payment is RMB1, 900,000 (approximately $309,144).

On September 24, 2014, DLD Technology and DLD E-payment entered into a rent sharing agreement for the sharing of leased office space. Per the rent sharing agreement, DLD Technology and DLD E-payment will each pay RMB600, 000 (approximately $97,624) and RMB1,300,000 (approximately $211,520), respectively, effective August 1, 2014.

Future minimum lease payments required under this non-cancelable office lease without consideration of rent sharing agreement were as follows:

Year Ending December 31:	RMB		$
2015	1,002,250	$	163,074
	1,002,250	$	163,074

The total amount of minimum rent to be received in the future from DLD E-payment under the rent sharing agreement was as follows:

Year Ending December 31:	RMB		$
2015	685,750	$	111,576
	685,750	$	111,576

(ii) Operating Lease – STSW Office Space

On August 7, 2013, STSW entered into a non-cancelable operating lease for office space expiring on January 6, 2016. The annual lease payment is RMB417,540 (approximately $67,937).

Future minimum lease payments required under this non-cancelable office lease were as follows:

Year ending December 31:	RMB		$
2015	417,540	$	67,937
2016	6,959		1,132
	424,499	$	69,069