RELATED PARTY TRANSACTIONS	12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE – 11 RELATED PARTY TRANSACTIONS In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note. In December 2018, all the loans and due owned to the former officer has been paid off or forgiven. In October 15, 2019, the Company paid $85,000 to Kung Yun-Kuang, its director to acquire subsidiary - Guangzhou Monte Fino Yacht Company Limited. The Company paid $37,500 consulting fee to Honetech Inc., its controlling shareholder during the period ended December 31, 2019. The Company paid $60,000 consulting fee to Continental Development Corporation, its related party during the period ended December 31, 2019. Also, the Company received $424,000 consultancy service income from one of its shareholders during the period ended December 31, 2019. The Company is actively working together with Eco Gas Tech Co. Ltd. in an attempt to develop an energy-efficient engine to be used in yachts. Eco Gas is owned by the President of VIVIC Corp. Those two companies work closely together and are closely related. Apart from the transactions and balances detailed elsewhere in these accompanying consolidated financial statements, the Company has no other significant or material related party transactions during the periods and years presented.

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2019

NOTE – 11 RELATED PARTY TRANSACTIONS

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.

In December 2018, all the loans and due owned to the former officer has been paid off or forgiven.

In October 15, 2019, the Company paid $85,000 to Kung Yun-Kuang, its director to acquire subsidiary - Guangzhou Monte Fino Yacht Company Limited.

The Company paid $37,500 consulting fee to Honetech Inc., its controlling shareholder during the period ended December 31, 2019.

The Company paid $60,000 consulting fee to Continental Development Corporation, its related party during the period ended December 31, 2019.

Also, the Company received $424,000 consultancy service income from one of its shareholders during the period ended December 31, 2019.

The Company is actively working together with Eco Gas Tech Co. Ltd. in an attempt to develop an energy-efficient engine to be used in yachts. Eco Gas is owned by the President of VIVIC Corp. Those two companies work closely together and are closely related.

Apart from the transactions and balances detailed elsewhere in these accompanying consolidated financial statements, the Company has no other significant or material related party transactions during the periods and years presented.