9. Related Party Balances and Transactions

3 Months Ended

Mar. 31, 2019

Related Party Transactions [Abstract]

Related Party Balances and Transactions

Note 9      RELATED PARTY BALANCES AND TRANSACTIONS

Due to related parties

The balance due to related parties was as following:

	March 31, 2019		December 31, 2018
	$		$
Mr. Zhang Bi (1)		423,249		245,545
Mr. Yin-Chieh Cheng (2)		693,932		556,464
Coral Capital Partners (3)		–		10,718
Mountain Share Transfer, LLC (3)		–		6,624
Total		1,117,181		819,351

Note:

(1) Mr. Zhang Bi is the chief executive officer of GZ WFH, and he holds 38.5% shares of the Company. The balance represented the amount paid by Mr. Zhang on behalf of the Company for purchase of the raw materials.

(2) Mr. Cheng Yin-Chieh is the chief financial officer of the Company, and he holds 42.5% shares of the Company. The balance represented the amount paid by Mr. Cheng on behalf of the Company for its daily operation purpose.

(3) Coral Capital Partners and Mountain Share Transfer, LLC are companies 100% controlled by Erik S. Nelson, the corporate secretary and director of the Company. The balances as of December 31, 2018 had been paid off in 2019 Q1.

Related party transactions

The details of the related party transactions were as follows:

	For three months ended March 31,
	2019		2018
	$		$
Purchase from related party
Mr. Zhang Bi (1)		–		174,454
Paid on behalf of the Company
Mr. Zhang Bi (2)		174,162		–
Mr. Yin-Chieh Cheng (2)		138,600		–

Note:

(1) The transaction represents the inventory sold by Mr. Zhang Bi to the Company at the market value.

(2) The transactions represent the amount paid by Mr. Zhang Bi, Mr. Cheng Yin-Chieh on behalf of the Company for its daily operation.