Investments (Tables)

9 Months Ended

Sep. 30, 2018

Investments [Abstract]

Equity Method Investments

The Company had the following equity investment accounted under the equity method:

	As of September 30, 2018 and December 31, 2017
Equity investee	Type of Shares Owned	Number of Shares Owned		Original Investment Amount		Equity Investment Ownership
PT IONSOFT	Common stock		160,000	$	160,000		20	%

The following is the roll-forward basis of equity investment accounted under the equity method:

	Year ended Septembet 30, 2018
Equity investee	Beginning Equity Investment Basis		Proportional Share of the Equity Accounted Affiliate's Net Income (loss)			Ending Equity Investment Basis
PT IONSOFT	$	30,926		(31,047	)	$	(121	)

	Year ended December 31, 2017
Equity investee	Beginning Equity Investment Basis		Proportional Share of the Equity Accounted Affiliate's Net Income (loss)			Ending Equity Investment Basis
PT IONSOFT	$	85,026		(54,100	)	$	30,926

Summarized audited financial information of significant equity investments in affiliate are as follows:

	September 30, 2018		December 31, 2017
Total current assets	$	39,194	$	48,483
Total assets		205,972		222,096
Total current liabilities		359,714		238,017
Total liabilities		107,934		332,453

	Three-months Period Ended September 30,						Nine-months Period Ended September 30,
	2018			2017			2018			2017
Net sales		33,560			3,792			121,840			5,099
Gross profit		(61,586	)		(93,493	)		(154,196	)		(221,434	)
Income from operations		(61,586	)		(93,503	)		(154,196	)		(222,225	)
Net income		(61,746	)		(93,503	)		(155,237	)		(222,225	)

Investment Securities

The following table summarize the Company’s investment securities at September 30, 2018:

Company	Balance		Percentage of Ownership
4GRIT	$	44,940		2.50	%
E-channel		42,505		0.07	%
KSFC		11,819		0.00	%
Total investment securities	$	99,264

The following table summarize the Company’s investment securities at December 31, 2017:

Company	Balance		Percentage of Ownership
4GRIT	$	46,672		2.50	%
E-channel		44,143		0.07	%
KSFC		12,275		0.00	%
Total investment securities	$	103,090