XML 49 R18.htm IDEA: XBRL DOCUMENT v3.3.0.814
Commitments
9 Months Ended
Sep. 30, 2015
Commitments [Abstract]  
COMMITMENTS
13. COMMITMENTS

 

(a.) On January 15, 2015, the Company entered into a lease agreement for office space in New York. The monthly rental expense is approximately $2,831. The contract expires on January 31, 2016. The Company made a rental deposit of $4,700.

 

(b.) On April 29, 2015, the Company entered into a lease agreement for office space in Guangzhou city, Guangdong Province, P.R.C. commencing on May 1, 2015 for a two-year lease term. The monthly rental expense is approximately $2,833 (RMB 18,000).

 

As of September 30, 2015, the outstanding lease commitments were:

 

  Year 1   $ 38,711  
  Year 2     22,976  
      $ 61,688