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On April 19, 2019, the Company withdrew $647,338 from the line of credit with interest rate of 5.04% and due on April 18, 2020.</p> Shares and per share data are presented on a retroactive basis to reflect the nominal share issuance and share split on August 18, 2018 and February 10, 2019. Security deposits represent contract fulfillment deposits required by customer for specific projects, rent deposits and etc. The Company had unsecured, non-interest-bearing loan receivables from various vendors. The maturity of these loans are generally within one or two years. For the year ended December 31, 2018, in some application development service arrangements, the Company sold certain IT equipment on standalone basis prior to the delivery of the services. Such revenue of $8,069,594 was included in the application development service revenue for year ended December 31, 2018.