Related Party Transactions

9 Months Ended

Sep. 30, 2018

Note 9 – Related Party Transactions

The following are material related party transactions that have occurred during September 30, 2018 and December 31, 2017, but because the consolidated financial statements are presented on a consolidated basis, the transactions and balances have been eliminated.

	September 30, 2018		December 31, 2017

Sales to affiliate	$	365,324	$	494,338
Receivable from affiliate	$	96,568	$	139,188

The Company receives loan guarantees from the chief executive officer with regards to its long-term borrowing, and the Company’s restricted cash provided as collateral to the Company’s chief executive officer’s loans.