Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | Sep. 19, 2018 | |
Document And Entity Information | ||
Entity Registrant Name | ColorStars Group | |
Entity Central Index Key | 1,418,780 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 102,274,515 | |
Trading Symbol | CSTU | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2,017 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Current assets: | ||
Cash and equivalents | $ 12,535 | $ 32,433 |
Accounts receivable, net of allowance for doubtful accounts of $158,767 at March 31, 2017 and $152,710 at December 31, 2016 | 332 | |
Prepaid expenses and other current assets | 53,598 | 53,699 |
Total current assets | 66,465 | 86,132 |
Equipment, net of accumulated depreciation | 47,148 | 46,328 |
Other assets | 11,829 | 8,735 |
Total assets | 125,442 | 141,195 |
Current liabilities: | ||
Short term loan | 560,099 | 526,591 |
Accounts payable | 26,613 | 44,968 |
Advance from shareholder | 145,289 | 74,379 |
Accrued expenses | 13,516 | 12,516 |
Other current liabilities | 19,226 | 19,165 |
Current portion of long term loan | 69,189 | 67,651 |
Total current liabilities | 833,932 | 745,270 |
Long term loan | 68,925 | 80,414 |
Total liabilities | 902,857 | 825,684 |
Commitments and contingencies | ||
Stockholders' equity | ||
Common Stock - Par Value $0.001 67,448,890 shares issued and outstanding at March 31, 2017 and December 31, 2016 | 67,449 | 67,449 |
Additional paid in capital | 3,112,230 | 3,112,230 |
Accumulated other comprehensive income | 156,445 | 200,123 |
Accumulated deficit | (4,113,539) | (4,064,291) |
Total stockholders' equity | (777,415) | (684,489) |
Total liabilities and stockholders' equity | $ 125,442 | $ 141,195 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Allowance for doubtful accounts receivable | $ 158,767 | $ 152,710 |
Common stock, par value per share | $ 0.001 | $ 0.001 |
Common stock, shares issued | 67,448,890 | 67,448,890 |
Common stock, shares outstanding | 67,448,890 | 67,448,890 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Income Statement [Abstract] | ||
Net sales | $ 16,328 | $ 122,009 |
Cost of goods sold | 12,562 | 82,051 |
Gross profit | 3,766 | 39,958 |
Operating expenses | ||
Selling, general and administrative | 36,308 | 72,815 |
Rent | 11,460 | 10,842 |
Depreciation & Amortization | 2,057 | 8,481 |
Total operating expenses | 49,825 | 92,138 |
Loss from operations | (46,059) | (52,180) |
Other expenses | ||
Interest expense (net) | (5,090) | (2,272) |
Loss on foreign exchange, net | (11,072) | |
Gain on reversal of bad debts | 63,304 | |
Other, net | 3,537 | |
Impairment loss | (1,636) | |
Loss before income tax | (49,248) | (2,220) |
Income tax provision | ||
Net loss | (49,248) | (2,220) |
Other comprehensive gain/(loss:): | ||
Foreign currency translation gain/(loss) | (43,678) | 8,874 |
Comprehensive income/(loss) | $ (92,926) | $ 6,654 |
Earnings per share attributable to common stockholders: | ||
Basic and diluted per share | $ 0 | $ 0 |
Weighted average shares outstanding: | ||
Basic and diluted | 67,448,890 | 67,448,890 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cash flows from operating activities | ||
Net (loss) | $ (49,248) | $ (2,220) |
Depreciation | 2,057 | 8,481 |
Gain on reversal of bad debts | (63,304) | |
Impairment loss | 1,636 | |
Changes in operating assets and liabilities: | ||
Accounts receivable | 3,205 | 81,920 |
Prepaid expenses and other current assets | (2,993) | 3,935 |
Accounts payable | (18,354) | (107,490) |
Accrued expenses | 1,001 | 157 |
Receipts in advance and other current liabilities | 60 | 41,602 |
Cash flows provided by (used for) operating activities | (66,175) | (36,919) |
Cash flows from financing activities | ||
Advance from shareholder | 70,910 | 30,000 |
Increase (decrease) in long-term loans | (9,952) | |
Cash flows provided by financing activities | 60,958 | 30,000 |
Effect of exchange rate changes on cash and cash equivalents | (14,681) | 16,337 |
Net increase (decrease) in cash and cash equivalents | (19,898) | 9,418 |
Beginning cash and cash equivalents | 32,433 | 24,129 |
Ending cash and cash equivalents | 12,535 | 33,547 |
Supplemental disclosure of cash flow information | ||
Interest | 5,090 | 2,272 |
Tax paid |
Nature of Business and Basis of
Nature of Business and Basis of Presentation | 3 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Nature of Business and Basis of Presentation | Note 1 – Nature of Business and Basis of Presentation Nature of Business Color Stars Inc. (“Color Stars TW”, “the Subsidiary”) was incorporated as a limited liability company in Taiwan, Republic of China in April 2003 and commenced its operations in May 2003. The Company through its wholly owned Subsidiary is mainly engaged in manufacturing, designing and selling light-emitting diode and lighting equipment. As the LED lighting business has become very competitive, during 2017 the Company began planning for a transformation into a holding company to seek investment opportunities in other business lines. Basis of Presentation - In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair statement of the financial position, results of operations and cash flows for the three months ended March 31, 2017 and 2016 have been included. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for any subsequent interim period or for the year ending December 31, 2017. The balance sheet at December 31, 2016 included herein was derived from the consolidated financial statements included in the Company’s Annual Report on Form 10-K as of that date. Accordingly, the consolidated financial statements included herein should be reviewed in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, as filed with the Securities and Exchange Commission (“SEC”) on September 6, 2018. Some reported amounts have been reclassified to conform to current-period presentation, although no net effect on the previously-reported financial information Basis of Consolidation |
Going Concern
Going Concern | 3 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Going Concern | Note 2 - Going Concern The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has negative working capital of $767,467 and an accumulated deficit of $4,113,539 as of March 31, 2017, and it reported net losses for past two years. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. The Company need to raise additional capital from external sources or from shareholder loans to support it operation. There is no assurance that the Company will be able to obtain fund with acceptable terms. |
Concentration of Risk
Concentration of Risk | 3 Months Ended |
Mar. 31, 2017 | |
Risks and Uncertainties [Abstract] | |
Concentration of Risk | Note 3 - Concentration of Risk For the three months ended March 31, 2017, products sold to largest customers accounted for approximately 31% of total revenue. Products purchased from two suppliers accounted for approximately 66% and 28% of the total purchases during the three months ended March 31, 2017. For the three months ended March 31, 2016, products sold to largest customers accounted for approximately 64% of total revenue. Products purchased from two suppliers accounted for approximately 28% and 12% of the total purchases during the three months ended March 31, 2016. |
Long Term Investments
Long Term Investments | 3 Months Ended |
Mar. 31, 2017 | |
Schedule of Investments [Abstract] | |
Long Term Investments | Note 4 - Long Term Investments The Company adopted the provisions of ASC 820, which require us to determine the fair value of financial assets and liabilities using a specified fair-value hierarchy. The objective of the fair-value measurement of our financial instruments is to reflect the hypothetical amounts at which we could sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date (exit price). ASC 820 describes three levels of inputs that may be used to measure fair value, as follows: Level 1 value is based on observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 value is based on inputs other than quoted market prices included in Level 1 that are observable for the asset or liability either directly or indirectly. Level 3 values are driven by models with one or more significant inputs or significant value drivers that are unobservable. Anteya Technology Corp (Anteya) is a private company incorporated in Taiwan.The equity interest held by the Company is 13.68% on March 31, 2017. Anteya Technology ceased operations in April 2017 and, as a result, no future economic benefit was considered realizable by the Company and, as a result, the investment was fully impaired in the year ended December 31, 2015 resulting in a loss of $113,177. |
Inventory
Inventory | 3 Months Ended |
Mar. 31, 2017 | |
Inventory Disclosure [Abstract] | |
Inventory | Note 5- Inventory Inventories stated at the lower of cost or market value are as follows: March 31, 2017 December 31, 2016 Finished goods $ 790,680 $ 741,781 Allowance for Inventory Valuation and Obsolescence Losses (790,680 ) (741,781 ) Total $ - $ - The Company decided to shift in operational focus and that it was determined remaining inventory had little-to-no value, thus fully impaired at December 31, 2015. |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 6 - Income Taxes The Company is subject to U.S. federal income tax as well as income tax in states and foreign jurisdictions(Taiwan). For the major taxing jurisdictions, the tax years 2014 through 2016 remain open for state and federal examination. The Company believes assessments, if any, would be immaterial to its consolidated financial statements. With respect to the foreign jurisdiction, the Company is no longer subject to income tax audits for the year 2015 (inclusive). The income tax provision information is provided as follows: Three months ended March 31, 2017 2016 Component of income (loss) before income taxes: United States $ (2,000 ) $ (14,049 ) Foreign (47,248 ) 11,829 Net loss $ (49,248 ) $ (2,220 ) Provision for income taxes Current U.S. federal - - State and local - - Foreign - - Income tax benefit(loss) - - |
Bank Short Term Debt
Bank Short Term Debt | 3 Months Ended |
Mar. 31, 2017 | |
Debt Disclosure [Abstract] | |
Bank Short Term Debt | Note 7 - Bank Short Term Debt March 31, 2017 December 31, 2016 Short term loan $ 560,099 $ 526,591 The Company signed revolving credit agreements with a lending institution. The interest rate on short-term borrowings outstanding as of March 31, 2017 is 1.91% per annum, as of December 31, 2016, interest rate is 1.66% per annum. The short term debt is secured by: 1. 2. |
Long Term Loan
Long Term Loan | 3 Months Ended |
Mar. 31, 2017 | |
Debt Disclosure [Abstract] | |
Long Term Loan | Note 8 - Long Term Loan The Company signed sales with buyback agreement of 5 million New Taiwan Dollars (US$154,750.85) with Chailease Finance Co., Ltd. in July 2016. The loan is amortized to 36 months and the monthly repayment amount is based on the remaining principal at the beginning of each 12 months. The interest rate is fixed at 6.37% per annum over the term of the agreement. For the first 12 months of the term the monthly repayment was $196,000 NTD (US$6,066.23) beginning in July 2016, and fixed for the next 12 months until June 2017. The monthly repayment was reduced to $168,000 NTD (US$5,199.63) beginning in July 2017, and fixed for the next 12 months until June 2018. However the company made an overall repayment of the remaining amounts due of $2,283,954 NTD (US$70,688.77) on Feb. 13, 2018 and terminated this loan agreement. |
Geographic Information
Geographic Information | 3 Months Ended |
Mar. 31, 2017 | |
Segment Reporting [Abstract] | |
Geographic Information | Note 9 - Geographic Information Product revenues for the three months ended March 31, 2017 and 2016 are as follows: Three months ended March 31, 2017 2016 Customers based in: Europe $ 9,114 $ 40,708 Asia 2,206 1,921 United States 5,008 78,648 Others - 732 $ 16,328 $ 122,009 |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2017 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 10 - Related Party Transactions The Company has recorded expenses for the following related party transactions for three months ended March 31, 2017 and 2016: Three months ended March 31, 2017 2016 Purchase from Anteya Technology Corp $ 8,091 $ 22,672 Rent paid to Mr. Wei-Rur Chen 11,460 10,842 As of the balance sheet date indicated, the Company had the following receivable and liabilities recorded with respect to related party transactions: March 31, 2017 December 31, 2016 Anteya Technology Corp Due (to)/from affiliate $ 7,820 $ (355 ) Mr. Wei-Rur Chen Payable to Shareholder $ (145,289 ) $ (74,379 ) The Company leases office space from Mr. Wei-Rur Chen which the term for the agreement is from November 2015 to November 2020 with amount rent of $45,000. Rent payments were $11,460 and $10,842 for the three months ended March 31, 2017 and 2016 respectively. The Company conducted business with a related party company Anteya Technology Corp. The Company owns 13.68% of the outstanding common stock of Anteya Technology Corp as of March 31, 2017. All transactions were at market-based prices. Mr. Wei-Rur Chen made various advances to the Company. The balance of advance was $145,289 as of March 31, 2017. The advanceare non-interest bearing and due on demand. |
Commitments
Commitments | 3 Months Ended |
Mar. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments | Note 11 - Commitments The company leases offices in Taiwan. The main office is relocated in New Taipei City with monthly rental of NTD$120,000, and the term is from 11-7-2015 to 10-6-2020. The company rented a branch office located in Taipei City with a monthly rental of NTD$160,000 on 11-11-2017, and the term is from 12-1-2017 to 11-30-2019. However this branch office is closed on April 10, 2018 and the lease is cancelled. The minimum future rental payments due under non-cancelable operating leases with remaining terms at March 31, 2017 are as follows: For the year ended December 31, 2017 41,853 2018 65,015 $ 106,868 Three months ended March 31, 2017 2016 Rent expenses $ 11,460 $ 10,842 |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2017 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 12 - Subsequent Events The Company evaluated all events subsequent to March 31, 2017 through the date of the issuance of the financial statements, there are no no other significant or material transactions to be reported except as follows: On October 5, 2017, the Company completed the sale of a total of 12,825,625 shares of Company common stock to 13 investors at a price per share of US $0.0264 for a total of US $337,961.13 in proceeds to the Company. On November 13, 2017, the Company completed the sale of a total of 10,000,000 shares of Company common stock to 11 investors at a price per share of US $0.033 for a total of US $330,000 in proceeds to the Company. On February 5, 2018, the Company completed the sale of a total of 12,000,000 shares of Company common stock to 23 investors at a price per share of US $0.034188 for a total of US $410,256.38 in proceeds to the Company. On February 14, 2018, Ms. Chiu Mei-Ying resigned as a Director and the Secretary of the Company. Her resignations were not the result of any disagreements with the Company. Effective February 21, 2018, the remaining two directors on the Board of Directors of the Company appointed Mr. Wilson Chen to the Board of Directors to fill the vacancy created by the resignation of Ms. Chiu Mei-Ying. |
Nature of Business and Basis 18
Nature of Business and Basis of Presentation (Policies) | 3 Months Ended |
Mar. 31, 2017 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation - In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair statement of the financial position, results of operations and cash flows for the three months ended March 31, 2017 and 2016 have been included. Operating results for the three months ended March 31, 2017 are not necessarily indicative of the results to be expected for any subsequent interim period or for the year ending December 31, 2017. The balance sheet at December 31, 2016 included herein was derived from the consolidated financial statements included in the Company’s Annual Report on Form 10-K as of that date. Accordingly, the consolidated financial statements included herein should be reviewed in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, as filed with the Securities and Exchange Commission (“SEC”) on September 6, 2018. Some reported amounts have been reclassified to conform to current-period presentation, although no net effect on the previously-reported financial information |
Basis of Consolidation | Basis of Consolidation |
Inventory (Tables)
Inventory (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventories | Inventories stated at the lower of cost or market value are as follows: March 31, 2017 December 31, 2016 Finished goods $ 790,680 $ 741,781 Allowance for Inventory Valuation and Obsolescence Losses (790,680 ) (741,781 ) Total $ - $ - |
Income Taxes (Tables)
Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Schedule of Income Tax Provision | The income tax provision information is provided as follows: Three months ended March 31, 2017 2016 Component of income (loss) before income taxes: United States $ (2,000 ) $ (14,049 ) Foreign (47,248 ) 11,829 Net loss $ (49,248 ) $ (2,220 ) Provision for income taxes Current U.S. federal - - State and local - - Foreign - - Income tax benefit(loss) - - |
Bank Short Term Debt (Tables)
Bank Short Term Debt (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Debt Disclosure [Abstract] | |
Schedule of Bank Short Term Loan | March 31, 2017 December 31, 2016 Short term loan $ 560,099 $ 526,591 |
Geographic Information (Tables)
Geographic Information (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Segment Reporting [Abstract] | |
Schedule of Product Revenues | Product revenues for the three months ended March 31, 2017 and 2016 are as follows: Three months ended March 31, 2017 2016 Customers based in: Europe $ 9,114 $ 40,708 Asia 2,206 1,921 United States 5,008 78,648 Others - 732 $ 16,328 $ 122,009 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Related Party Transactions [Abstract] | |
Schedule of Recorded Expenses for Related Party Transactions | The Company has recorded expenses for the following related party transactions for three months ended March 31, 2017 and 2016: Three months ended March 31, 2017 2016 Purchase from Anteya Technology Corp $ 8,091 $ 22,672 Rent paid to Mr. Wei-Rur Chen 11,460 10,842 |
Schedule of Receivables and Liabilities Recorded with Respect to Related Party Transactions | As of the balance sheet date indicated, the Company had the following receivable and liabilities recorded with respect to related party transactions: March 31, 2017 December 31, 2016 Anteya Technology Corp Due (to)/from affiliate $ 7,820 $ (355 ) Mr. Wei-Rur Chen Payable to Shareholder $ (145,289 ) $ (74,379 ) |
Commitments (Tables)
Commitments (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Minimum Future Rental Payments | The minimum future rental payments due under non-cancelable operating leases with remaining terms at March 31, 2017 are as follows: For the year ended December 31, 2017 41,853 2018 65,015 $ 106,868 |
Schedule of Rent Expense | Three months ended March 31, 2017 2016 Rent expenses $ 11,460 $ 10,842 |
Nature of Business and Basis 25
Nature of Business and Basis of Presentation (Details Narrative) | Mar. 31, 2017 |
Accounting Policies [Abstract] | |
Ownership interest | 100.00% |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Working capital deficit | $ 767,467 | |
Accumulated deficit | $ (4,113,539) | $ (4,064,291) |
Concentration of Risk (Details
Concentration of Risk (Details Narrative) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Sales Revenue [Member] | Largest Customers [Member] | ||
Concentration risk, percentage | 31.00% | 64.00% |
Accounts Payable [Member] | Supplier One [Member] | ||
Concentration risk, percentage | 66.00% | 28.00% |
Accounts Payable [Member] | Supplier Two [Member] | ||
Concentration risk, percentage | 28.00% | 12.00% |
Long Term Investments (Details
Long Term Investments (Details Narrative) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2015 | |
Impairment loss | $ 1,636 | ||
Anteya Technology Corp [Member] | |||
Equity method investment, ownership percentage | 13.68% | ||
Impairment loss | $ 113,177 |
Inventory - Schedule of Invento
Inventory - Schedule of Inventories (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Inventory Disclosure [Abstract] | ||
Finished goods | $ 790,680 | $ 741,781 |
Allowance for Inventory Valuation and Obsolescence Losses | (790,680) | (741,781) |
Total |
Income Taxes - Schedule of Inco
Income Taxes - Schedule of Income Tax Provision (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Income Tax Disclosure [Abstract] | ||
Component of income (loss) before income taxes: United States | $ (2,000) | $ (14,049) |
Component of income (loss) before income taxes: Foreign | (47,248) | 11,829 |
Net loss | (49,248) | (2,220) |
Provision for income taxes: U.S. federal | ||
Provision for income taxes: State and local | ||
Provision for income taxes: Foreign | ||
Income tax benefit (loss) |
Bank Short Term Debt (Details N
Bank Short Term Debt (Details Narrative) - Revolving Credit Agreements [Member] | 3 Months Ended | |
Mar. 31, 2017 | Dec. 31, 2016 | |
Interest rate on short-term borrowings | 1.91% | 1.66% |
Debt security description | A personal guarantee from directors and the realty property of spouse of directors |
Bank Short Term Debt - Schedule
Bank Short Term Debt - Schedule of Bank Short Term Loan (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Debt Disclosure [Abstract] | ||
Short term loan | $ 560,099 | $ 526,591 |
Long Term Loan (Details Narrati
Long Term Loan (Details Narrative) | 3 Months Ended | |||
Mar. 31, 2017USD ($) | Mar. 31, 2017TWD ($) | Jul. 31, 2016USD ($) | Jul. 31, 2016TWD ($) | |
Beginning in July 2016 and Until June 2017 [Member] | ||||
Repayment of debt | $ 6,066 | |||
Beginning in July 2017 and Until June 2018 [Member] | ||||
Reduction in repayment of debt | 5,200 | |||
February 13, 2018 [Member] | ||||
Repayment of debt | $ 70,689 | |||
TWD [Member] | Beginning in July 2016 and Until June 2017 [Member] | ||||
Repayment of debt | $ 196,000 | |||
TWD [Member] | Beginning in July 2017 and Until June 2018 [Member] | ||||
Reduction in repayment of debt | 168,000 | |||
TWD [Member] | February 13, 2018 [Member] | ||||
Repayment of debt | $ 2,283,954 | |||
Buyback Agreement [Member] | ||||
Sales buyback amount | $ 154,751 | |||
Interest rate | 6.37% | 6.37% | ||
Buyback Agreement [Member] | TWD [Member] | ||||
Sales buyback amount | $ 5,000,000 |
Geographic Information - Schedu
Geographic Information - Schedule of Product Revenues (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Product revenues | $ 16,328 | $ 122,009 |
Europe [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Product revenues | 9,114 | 40,708 |
Asia [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Product revenues | 2,206 | 1,921 |
United States [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Product revenues | 5,008 | 78,648 |
Others [Member] | ||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||
Product revenues | $ 732 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Rent expense | $ 11,460 | $ 10,842 | |
Advance from shareholder | $ 145,289 | $ 74,379 | |
Anteya Technology Corp [Member] | |||
Equity method investment, percentage of ownership | 13.68% | ||
Mr. Wei-Rur Chen [Member] | |||
Lease term, description | November 2015 to November 2020 | ||
Rent expense | $ 45,000 | ||
Payment for rent | 11,460 | $ 10,842 | |
Advance from shareholder | $ 145,289 | $ 74,379 |
Related Party Transactions - Sc
Related Party Transactions - Schedule of Recorded Expenses for Related Party Transactions (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Anteya Technology Corp [Member] | ||
Related Party Transaction [Line Items] | ||
Purchase from Anteya Technology Corp | $ 8,091 | $ 22,672 |
Mr. Wei-Rur Chen [Member] | ||
Related Party Transaction [Line Items] | ||
Rent paid to Mr. Wei-Rur Chen | $ 11,460 | $ 10,842 |
Related Party Transactions - 37
Related Party Transactions - Schedule of Receivables and Liabilities Recorded with Respect to Related Party Transactions (Details) - USD ($) | Mar. 31, 2017 | Dec. 31, 2016 |
Related Party Transaction [Line Items] | ||
Payable to Shareholder | $ (145,289) | $ (74,379) |
Anteya Technology Corp [Member] | ||
Related Party Transaction [Line Items] | ||
Due (to)/from affiliate | 7,820 | (355) |
Mr. Wei-Rur Chen [Member] | ||
Related Party Transaction [Line Items] | ||
Payable to Shareholder | $ (145,289) | $ (74,379) |
Commitments (Details Narrative)
Commitments (Details Narrative) - TWD [Member] | 3 Months Ended |
Mar. 31, 2017TWD ($) | |
11-7-2015 to 10-6-2020 [Member] | |
Monthly rental payment | $ 120,000 |
Lease term, description | 11-7-2015 to 10-6-2020 |
12-1-2017 to 11-30-2019 [Member] | |
Monthly rental payment | $ 160,000 |
Lease term, description | 12-1-2017 to 11-30-2019 |
Commitments - Schedule of Minim
Commitments - Schedule of Minimum Future Rental Payments (Details) | Mar. 31, 2017USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
2,017 | $ 41,853 |
2,018 | 65,015 |
Total | $ 106,868 |
Commitments - Schedule of Rent
Commitments - Schedule of Rent Expense (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | ||
Rent expenses | $ 11,460 | $ 10,842 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - Subsequent Event [Member] - USD ($) | Feb. 05, 2018 | Nov. 13, 2017 | Oct. 05, 2017 |
13 Investors [Member] | |||
Sale of common stock | 12,825,625 | ||
Common stock price, per share | $ 0.0264 | ||
Proceeds from sale of stock | $ 337,961 | ||
11 Investors [Member] | |||
Sale of common stock | 10,000,000 | ||
Common stock price, per share | $ 0.033 | ||
Proceeds from sale of stock | $ 330,000 | ||
23 Investors [Member] | |||
Sale of common stock | 12,000,000 | ||
Common stock price, per share | $ 0.034188 | ||
Proceeds from sale of stock | $ 410,256 |