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Due to Related Parties
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Due to Related Parties

NOTE 10 - DUE TO RELATED PARTIES

 

   As of 
   June 30, 2019   December 31, 2018 
   (unaudited)   (audited) 
Amount due to related party B  $215,803   $216,116 
Amount due to related party C   23,361    23,395 
Amount due to related party D   15,942    15,965 
Amount due to related party E   123,962    123,901 
Amount due to related party F   436,085    436,718 
Amount due to related party G   264,113    263,542 
Amount due to related party H   34,018    34,067 
Amount due to related party I   1,428    1,431 
Amount due to related party J   21,739    21,771 
Amount due to related party K  $42,029   $42,090 
Total   1,178,480    1,178,996 

 

Related party B is Hunan Ezagoo Shopping Co. Ltd., Mr. Xiaohao Tan owns 2.4% of this company, and is the Legal Company Representative of this company. For the six months ended June 30,2019 and the years ended December 31, 2018, related party B advanced $215,803 and $216,116 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

 

Related party C is Ms. Weihong Wan, Assistant and Secretary of Mr. Xiaohao Tan. Ms. Weihong Wan is a shareholder and Legal Company Representative of Ruiyin (Shenzhen) Financial Leasing Limited, which is a shareholder of Hunan Ezagoo Zhicheng Internet Technology Limited. For the six months ended June 30,2019 and the years ended December 31, 2018, related party C advanced $23,361 and $23,395 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

 

Related party D is Ms. Qianwen Zhang, spouse of Mr. Xiaohao Tan, a director of the Company. Ms. Qianwen Zhang is the Legal Company Representative of Hunan Ezagoo Internet Technology Limited. For the six months ended June 30,2019 and the years ended December 31, 2018, related party D advanced $15,942 and $15,965 to the company as working capital, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

 

Related party E is Changsha Kexibeier E-commerce Limited, 98% of its equity is owned by Mr. Xiaohao Tan, a director of the Company. For the six months ended June 30, 2019 and the years ended December 31, 2018, related party E advanced $123,962 and $123,901 to the company as working capital, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

 

Related party F is Hunan Homestead Asset Management Co. Ltd., a shareholder of Beijing Ezagoo Shopping Holding Limited, which is a shareholder of Hunan Ezagoo Internet Technology Limited. For the six months ended June 30, 2019 and the years ended December 31, 2018, related party F advanced $436,085 and $436,718 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

 

Related party G is Kuaile Motors Camping Site Investment Development Limited. One of the shareholders of Hunan Ezagoo Zhicheng Internet Technology Limited, Beijing Ezagoo Shopping Holding Limited owns 92% of Hunan Kuaile Motors Camping Site Investment Development Limited. Ms. Qianwen Zhang, spouse of Mr. Xiaohao Tan owns 8% of Hunan Kuaile Motors Camping Site Investment Development Limited and is the Legal Company Representative of this company. For the six months ended June 30,2019 and the years ended December 31, 2018, related party G advanced $264,113 and $263,542 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

 

Related party H is Hunan Yijiaren Hotel Limited. One of the shareholders of Hunan Ezagoo Zhicheng Internet Technology Limited, Beijing Ezagoo Shopping Holding Limited owns 90% of Hunan Yijiaren Hotel Limited, and Ms. Qianwen Zhang, spouse of Mr. Xiaohao Tan owns 10% of this company. For the six months ended June 30, 2019 and the years ended December 31, 2018, related party H advanced $34,018 and $34,067 to the company as working capital, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

 

Related party I is Hunan Bright Lionrock Mountain Resort Limited. Beijing Ezagoo Industrial Development Group Holding Limited, formerly named Beijing Ezagoo Shopping Holding Limited, which is a shareholder of Hunan Ezagoo Zhicheng Internet Technology Limited, owns 80% of Hunan Bright Lionrock Mountain Resort Limited. Mr. Xiao Hao Tan is the Legal Company Representative of this company. For the six months ended June 30, 2019 and the years ended December 31, 2018 related party I advanced $1,428 and $1,431 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

 

Related party J is Beijing Ezagoo Industrial Development Group Holding Limited, formerly named Beijing Ezagoo Shopping Holding Limited. It is a shareholder of Hunan Ezagoo Zhicheng Internet Technology Limited. For the six months ended June 30,2019 and the years ended December 31, 2018 related party J advanced $21,739 and $21,771 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

 

Related party K is Ruiyin (Shenzhen) Financial Leasing Limited, which is a shareholder of Hunan Ezagoo Zhicheng Internet Technology Limited. Weihong Wan, Assistant and Secretary of Xiaohao Tan, is a shareholder and Legal Company Representative of related party K. For the six months ended June 30, 2019 and the years ended December 31, 2018 related party K advanced $42,029 and $42,090 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

 

The imputed interest for above loans is immaterial.