Related Party Transactions	6 Months Ended
Jun. 30, 2019
Related Party Transactions
Note 7. Related Party Transactions	Due to shareholder, interest bearing In January 2016, Mr. Dinghua Wang, a major shareholder, director, Chief Executive and Financial Officer of the Company, pledged certain of his personal assets and obtained a personal loan from which he provided funds for the operations of the Company. In consideration for the funds the Company received, the Company agreed to pay the interest on this loan on Mr. Wang’s behalf. This loan has an annual borrowing rate of 9.99%. As of June 30, 2019 and December 31, 2018, the balance due to Mr. Wang, interest bearing, amounted to $471,603. The full balance of $471,603 was to be repaid on February 1, 2019 and was extended to May 1, 2019. This loan has been converted to be due on demand. Interest expense for each of the three month periods ended June 30, 2019 and 2018 for the above loan amounted to $12,487. Interest expense for each of the six month periods ended June 30, 2019 and 2018 for the above loan amounted to $24,975. Due to shareholder, non-interest bearing From time to time, Mr. Dinghua Wang, a major shareholder, director, Chief Executive and Financial Officer of the Company, advances monies to the Company and the Company repays such advances. Such business transactions are recorded as due to or from Mr. Wang at the time of the transaction. During the six months ended June 30, 2019 and 2018, advances totaled $142,860 and $62,316, respectively, and payments to Mr. Wang totaled $62,048 and $211,025, respectively. As of June 30, 2019 and December 31, 2018, the balance due to Mr. Wang, non-interest bearing, amounted to $2,588,863 and $2,508,051, respectively. This balance is unsecured and is due on demand. In March 2019, the repayment terms related to $2,000,000 of the total balance was changed by Mr. Wang from due on demand to due on March 20, 2024. Due to employee The Company has borrowed money from Vickie Ho, Executive Vice President of the Company, to fund operations. These advances do not bear interest, are unsecured and are due on demand. As of June 30, 2019 and December 31, 2018, the Company owed $95,000 to such employee. In March 2019, the repayment terms related to the balance of $95,000 was changed by the employee from due on demand to due on March 20, 2024. Advances from related parties, interest bearing The Company has borrowed $30,000 from a related party to fund operations since July 2016. This related party is the son of the Company’s Chief Executive and Financial Officer. These advances have an annual interest rate of 10%, are unsecured and are due on demand. As of June 30, 2019 and December 31, 2018, the Company owed $30,000 to this related party. Interest expense for the three months ended June 30, 2019 and 2018 for the above loans amounted to $748. Interest expense for the six months ended June 30, 2019 and 2018 for the above loans amounted to $1,488. In March 2019, the repayment terms were changed by the related party from due on demand to due on March 20, 2024. Advances from related parties, non-interest bearing The Company has borrowed money from certain related parties to fund operations. The related parties consist of the Chief Executive and Financial Officer’s immediate family members and relatives. These advances do not bear interest, are unsecured and are due on demand. As of June 30, 2019 and December 31, 2018, the Company owed $518,839 to these related parties. In March 2019, the repayment terms for the $518,839 was changed by these related parties from due on demand to due on March 20, 2024.

Due to shareholder, interest bearing

In January 2016, Mr. Dinghua Wang, a major shareholder, director, Chief Executive and Financial Officer of the Company, pledged certain of his personal assets and obtained a personal loan from which he provided funds for the operations of the Company. In consideration for the funds the Company received, the Company agreed to pay the interest on this loan on Mr. Wang’s behalf. This loan has an annual borrowing rate of 9.99%. As of June 30, 2019 and December 31, 2018, the balance due to Mr. Wang, interest bearing, amounted to $471,603. The full balance of $471,603 was to be repaid on February 1, 2019 and was extended to May 1, 2019. This loan has been converted to be due on demand.

Interest expense for each of the three month periods ended June 30, 2019 and 2018 for the above loan amounted to $12,487.

Interest expense for each of the six month periods ended June 30, 2019 and 2018 for the above loan amounted to $24,975.

Due to shareholder, non-interest bearing

From time to time, Mr. Dinghua Wang, a major shareholder, director, Chief Executive and Financial Officer of the Company, advances monies to the Company and the Company repays such advances. Such business transactions are recorded as due to or from Mr. Wang at the time of the transaction. During the six months ended June 30, 2019 and 2018, advances totaled $142,860 and $62,316, respectively, and payments to Mr. Wang totaled $62,048 and $211,025, respectively. As of June 30, 2019 and December 31, 2018, the balance due to Mr. Wang, non-interest bearing, amounted to $2,588,863 and $2,508,051, respectively. This balance is unsecured and is due on demand.

In March 2019, the repayment terms related to $2,000,000 of the total balance was changed by Mr. Wang from due on demand to due on March 20, 2024.

Due to employee

The Company has borrowed money from Vickie Ho, Executive Vice President of the Company, to fund operations. These advances do not bear interest, are unsecured and are due on demand. As of June 30, 2019 and December 31, 2018, the Company owed $95,000 to such employee.

In March 2019, the repayment terms related to the balance of $95,000 was changed by the employee from due on demand to due on March 20, 2024.

Advances from related parties, interest bearing

The Company has borrowed $30,000 from a related party to fund operations since July 2016. This related party is the son of the Company’s Chief Executive and Financial Officer. These advances have an annual interest rate of 10%, are unsecured and are due on demand. As of June 30, 2019 and December 31, 2018, the Company owed $30,000 to this related party.

Interest expense for the three months ended June 30, 2019 and 2018 for the above loans amounted to $748.

Interest expense for the six months ended June 30, 2019 and 2018 for the above loans amounted to $1,488.

In March 2019, the repayment terms were changed by the related party from due on demand to due on March 20, 2024.

Advances from related parties, non-interest bearing

The Company has borrowed money from certain related parties to fund operations. The related parties consist of the Chief Executive and Financial Officer’s immediate family members and relatives. These advances do not bear interest, are unsecured and are due on demand. As of June 30, 2019 and December 31, 2018, the Company owed $518,839 to these related parties.

In March 2019, the repayment terms for the $518,839 was changed by these related parties from due on demand to due on March 20, 2024.