COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2017

12. COMMITMENTS AND CONTINGENCIES

Capital Commitments

As of June 30, 2017, Company did not have any capital commitments.

Lease Commitments

The total future minimum lease payments under the non-cancellable operating lease with respect to the office and the dormitory, as well as hardware trading platform as of June 30, 2017 are payable as follows:

12 months ending June 30,
2018	$	30,244
2019	8,314
Thereafter	—

Total	$	38,558

Rental expense of the Company was $17,332 and $34,582 for the three and six months ended June 30, 2017, respectively.

No rental expense was incurred for the three and six months ended June 30, 2016.