RELATED PARTY TRANSACTIONS	6 Months Ended
Jun. 30, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE—10 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. The Company paid $18,000 and $19,500 consulting fee to Honetech Inc., its controlling shareholder during the six months ended June 30, 2020 and 2019, respectively. The Company paid $30,000 and $0 consulting fee to Continental Development Corporation., its related party during the six months ended June 30, 2020 and 2019, respectively. The Company paid $200,000 and $0 consulting fee to Go Right Holdings Limited., its controlling shareholder during the six months ended June 30, 2020 and 2019, respectively. Three of the subsidiaries have been provided free office space by Guangzhou Monte Fino Yacht Company Limited. The management determined that such cost is nominal and did not recognize the rent expense in its condensed consolidated financial statements. Apart from the transactions and balances detailed elsewhere in these accompanying condensed consolidated financial statements, the Company has no other significant or material related party transactions during the periods presented.

RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2020

NOTE—10 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.

The Company paid $18,000 and $19,500 consulting fee to Honetech Inc., its controlling shareholder during the six months ended June 30, 2020 and 2019, respectively.

The Company paid $30,000 and $0 consulting fee to Continental Development Corporation., its related party during the six months ended June 30, 2020 and 2019, respectively.

The Company paid $200,000 and $0 consulting fee to Go Right Holdings Limited., its controlling shareholder during the six months ended June 30, 2020 and 2019, respectively.

Three of the subsidiaries have been provided free office space by Guangzhou Monte Fino Yacht Company Limited. The management determined that such cost is nominal and did not recognize the rent expense in its condensed consolidated financial statements.

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