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Vehicle Deposits
9 Months Ended
Sep. 30, 2018
Deposits [Abstract]  
Vehicle Deposits

Note 4 – VEHICLE DEPOSITS

 

A vehicle deposit of $24,405, as of September 30, 2018 and December 31, 2017, represents a prototype test model for delivery into the United States when specifications are completed for an advanced crash test known in the Automobile Safety Industry as the “overlap crash test”. Based on recent conversations with Aoxin and former management, we took an impairment charge for the vehicle deposit of $24,405 and wrote this asset down to $0.