Related Party Transactions

12 Months Ended

Dec. 31, 2020

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 5. RELATED PARTY TRANSACTIONS

For the year ended December 31, 2019, the Company entered into agreements with major shareholders and directors of the subsidiaries of the Company to forgive the Related Party Payables amounting to $994,040 and the details consisted of the followings:

	December 31, 2020		December 31, 2019
Beijing Yuxin Shangfang Technology Co., Ltd.	$	-	$	285,894
Hainan Xin Jing Yuan Co., Ltd.		-		43,627
Xiang, Zuyue, director of SQEC and shareholder		-		102,217
Xiang, Lingqing, employee of SQEC		-		1,504
Lim, Jehn Ming, shareholder of EGOOS BVI		-		1,289
Wang, Yue, director of EGOOS HK		-		161,523
Yang, Mei, shareholder		-		393,963
Li, Ping, director of WOFE		-		4,023
Forgiveness of Related Party Payables	$	-	$	994,040

For the year ended December 31, 2019, the Company entered into agreements with major shareholders and directors of the subsidiaries of the Company to assume or receive, as applicable certain assets and liabilities amounting to $414,226 and the details consisted of the followings:

	December 31, 2020		December 31, 2019
Other receivable	$	-	$	277
Prepaid taxes		-		6,422
Accounts payable		-		(322,368	)
Other payable		-		(51,806	)
Accrued expenses		-		(46,751	)
Net liabilities undertaken by related party	$	-	$	(414,226	)