DEPOSIT PAYMENT TO A RELATED PARTY

3 Months Ended

Mar. 31, 2015

NOTE 3 – DEPOSIT PAYMENT TO A RELATED PARTY

	As of March 31, 2015		As of December 31, 2014

Deposit for lease of the hotel building	$	24,050	$	23,951

The deposit is made to shareholder for the lease of the hotel building. The deposit is refundable upon the lease expiring on September 30, 2025.

The long term deposits are not within the scope of the accounting guidance regarding interests on receivables and payables, because they are intended to provide security for the counterparty to the office rental agreements. Therefore, the deposits are recorded at costs.

- 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.

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