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Additional Paid-in Capital - Capital Contribution
9 Months Ended
Sep. 30, 2019
Additional Paid-in Capital - Capital Contribution  
Additional Paid-in Capital - Capital Contribution

NOTE 15 – ADDITIONAL PAID-IN CAPITAL – CAPITAL CONTRIBUTION

 

As of September 30, 2019, the Company has a total additional paid-in capital - capital contribution balance of $1,270,648. It includes $1,222,330 capital contribution from related party J and $8,950 for service contracts where the performance obligation is not able to recognize, capital contribution is recorded for any payments received in 2018 and $39,368 capital contribution as the performance obligation is not able to recognize in 2017.

 

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.