XML 84 R21.htm IDEA: XBRL DOCUMENT

Related Party Transactions

12 Months Ended

Dec. 31, 2013

Note 15 – Related Party Transactions

The Company has recorded expenses for the following related party transactions for the year ended December 31, 2013 and 2012:

	2013	2012

Purchase from Anteya Technology Corp	$685,407	$1,125,062
Rent paid to Mr. Wei-Rur Chen	48,510	48,703

As of the balance sheet date indicated, the Company had the following liabilities recorded with respect to related party transactions:

	2013	2012
Liabilities:
Anteya Technology Corp	$107,498	$148,798

The Company leases office space from Mr. Wei-Rur Chen which the term for the agreement is from November 2010 to November 2015.

The Company conducted business with a related party company Anteya Technology Corp. The Company owns 20% of the outstanding common stock of Anteya Technology Corp as of December 31, 2013. All transactions were at market-based prices.

- Definition

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.

+ References+ Details