XML 21 R11.htm IDEA: XBRL DOCUMENT v3.19.1
RELATED PARTIES TRANSACTIONS
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Note 5. RELATED PARTIES TRANSACTIONS

Due from related parties consists of the following:

 

    March 31,     December 31,        
    2019     2018     Purpose  
Global Bizrewards Sdn. Bhd.   $ 326,927     $ 301,963     Advance  
M1 Tech Sdn. Bhd.     25,365       24,747     Advance  
Sportlight Academy Sdn. Bhd.     12,851       12,557     Advance  
M1Elite Sdn. Bhd.     16,197       15,827     Advance  
Hipland Realty Sdn. Bhd.     4,414       4,313     Advance  
Total Due from     385,754       359,407        

 

Due to related parties consists of the following:

 

    March 31,     December 31,        
    2019     2018     Purpose  
Dato Sri Warren Eu Hin Chai   $ 951,307     $ 885,562     Capital Advance  
Michael A. Zahorik     30,307       30,307     Capital Advance  
SKH Media Sdn. Bhd.     166,895       163,243     Capital Advance  
Total Due to     1,148,509       1,079,112        

 

The related parties’ relationship to the Company as follows:

 

Name   Relationship
Michael A. Zahorik   Former director
Global Bizrewards Sdn. Bhd.   Related by common director, Dato' Sri Eu Hin Chai
M1 Tech Sdn. Bhd.   Related by common director, Dato' Sri Eu Hin Chai
Sportlight Academy Sdn. Bhd.   Related by common director, Dato' Sri Eu Hin Chai
M1Elite Sdn. Bhd.   Related by common director, Dato' Sri Eu Hin Chai
SKH Media Sdn. Bhd.   Related by common director, Dato' Sri Eu Hin Chai
Dato Sri Warren Eu Hin Chai   Director & Shareholder of the Company

 

The amounts due from or due to related parties’ were unsecured, non-interest bearing, and due on demand.

 

The Company leased an office space from SKH Media Sdn. Bhd. The rent expenses were $nil and $7,644 for the three months ended March 31, 2019 and 2018, respectively.