XML 29 R18.htm IDEA: XBRL DOCUMENT v3.19.3
12. Subsequent Events
9 Months Ended
Sep. 30, 2019
Subsequent Events [Abstract]  
Subsequent Events

NOTE 12 –    SUBSEQUENT EVENTS

 

In accordance with ASC Topic 855, “Subsequent Events”, which establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, the Company has evaluated all events or transactions that occurred September 30, 2019, up through November 15, 2019 the Company issued the condensed consolidated financial statements.

 

On November 12, 2019, the Company and Hung-Yi Hung entered into a Cancellation Letter pursuant to which the parties agreed to terminate that certain Consulting Agreement dated July 19, 2019, between the parties and cancelled the 1,074,647 shares of the Company’s common stock issued in connection with such Consulting Agreement. As a result of the Cancellation Agreement, the certificate representing the 1,075,7647 shares will be returned to the Company and cancelled.