Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Dec. 13, 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 | Sep. 30, 2018 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business Flag | true | |
Entity Emerging Growth Company | false | |
Entity Ex Transition Period | false | |
Entity Common Stock, Shares Outstanding | 102,274,515 | |
Trading Symbol | CSTU | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2,018 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Current assets: | ||
Cash and equivalents | $ 163,500 | $ 359,403 |
Accounts receivable, net of allowance for doubtful accounts of $148,884 at September 30, 2018 and $152,883 at December 31, 2017 | ||
Prepaid expenses and other current assets | 3,048 | 18,056 |
Total current assets | 166,548 | 377,459 |
Equipment, net of accumulated depreciation | 33,830 | 36,057 |
Other assets | 9,260 | 20,299 |
Total assets | 209,638 | 433,815 |
Current liabilities: | ||
Accounts payable | 65,103 | 15,524 |
Advance from shareholder | 265,923 | 441,603 |
Accrued expenses | 4,486 | 3,708 |
Other current liabilities | 55 | 199,967 |
Current portion of long term loan | 87,538 | |
Total current liabilities | 335,567 | 748,340 |
Total liabilities | 335,567 | 748,340 |
Commitments and contingencies | ||
Stockholders' equity | ||
Common Stock -Par Value $0.001 102,274,515 and 90,274,515 shares issued and outstanding, 450,000,000 shares are authorized at September 30, 2018 and December 31, 2017 | 102,275 | 90,275 |
Additional paid in capital | 4,157,518 | 3,759,260 |
Accumulated other comprehensive income | 146,445 | 139,825 |
Accumulated deficit | (4,532,167) | (4,303,885) |
Total stockholders' equity | (125,929) | (314,525) |
Total liabilities and stockholders' equity | $ 209,638 | $ 433,815 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Statement of Financial Position [Abstract] | ||
Allowance for doubtful accounts receivable | $ 148,884 | $ 152,883 |
Common stock, par value per share | $ 0.001 | $ 0.001 |
Common stock, shares issued | 102,274,515 | 90,274,515 |
Common stock, shares outstanding | 102,274,515 | 90,274,515 |
Common stock, shares authorized | 450,000,000 | 450,000,000 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Income Statement [Abstract] | ||||
Net sales | $ 1,167 | $ 18,713 | ||
Cost of goods sold | 588 | 14,390 | ||
Gross profit | 579 | 4,323 | ||
Operating expenses | ||||
Selling, general and administrative | 80,625 | 41,867 | 194,790 | 161,911 |
Rent | 16,860 | 23,508 | ||
Depreciation & Amortization | 395 | 1,803 | 1,311 | 5,667 |
Total operating expenses | 81,020 | 43,670 | 212,961 | 191,086 |
Loss from operations | (81,020) | (43,670) | (212,382) | (186,763) |
Other income (expense) | ||||
Interest expense (net) | (5,385) | (11,165) | (15,912) | |
Loss on foreign exchange | (3,935) | |||
Bad debt recovery | (4,213) | 5,475 | ||
Impairment loss | (335) | |||
Loss before income tax | (81,020) | (53,268) | (227,482) | (197,535) |
Income tax provision | (800) | (3,357) | ||
Net loss | (81,020) | (53,268) | (228,282) | (200,892) |
Other comprehensive loss: | ||||
Foreign currency translation gain (loss) | (755) | (3,715) | 6,620 | (45,062) |
Comprehensive loss | $ (81,775) | $ (56,983) | $ (221,662) | $ (245,954) |
Earnings per share attributable to common stockholders: | ||||
Basic and diluted per share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted average shares outstanding: | ||||
Basic and diluted | 102,274,515 | 67,448,890 | 100,941,182 | 67,448,890 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash flows from operating activities | ||
Net (loss) | $ (228,282) | $ (200,892) |
Depreciation | 1,311 | 5,667 |
Gain on reversal of bad debts | (5,475) | |
Impairment loss | 335 | |
Changes in operating assets and liabilities: | ||
Accounts receivable | 5,475 | |
Prepaid expenses and other current assets | 26,047 | 5,096 |
Accounts payable | 49,579 | (29,701) |
Accrued expenses | 778 | (8,651) |
Receipts in advance and other current liabilities | (199,911) | 273,614 |
Cash flows provided by (used for) operating activities | (350,478) | 45,467 |
Cash flows from financing activities | ||
Advance from shareholder | 91,919 | 310,515 |
Repay advance from shareholder | (267,678) | |
Increase (decrease) in short-term loans | (26,543) | |
Increase (decrease) in long-term loans | (87,538) | (45,208) |
Increase (decrease) in capital | 410,258 | |
Cash flows provided by financing activities | 146,961 | 238,764 |
Effect of exchange rate changes on cash and cash equivalents | 7,614 | (11,140) |
Net decrease in cash and cash equivalents | (195,903) | 273,091 |
Beginning cash and cash equivalents | 359,403 | 32,433 |
Ending cash and cash equivalents | 163,500 | 305,524 |
Supplemental disclosure of cash flow information | ||
Interest | 15,917 | |
Tax paid | $ 800 | $ 800 |
Nature of Business and Basis of
Nature of Business and Basis of Presentation | 9 Months Ended |
Sep. 30, 2018 | |
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. The company will be transformed into a holding company due to environmental changes at 2018. The company is seeking Investment opportunities in various business lines, including solar power projects, waste tire to oil systems, and LNG trading projects. 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 and nine months ended September 30, 2018 and 2017 have been included. Operating results for the three and nine months ended September 30, 2018 are not necessarily indicative of the results to be expected for any subsequent interim period or for the year ending December 31, 2018. The balance sheet at December 31, 2017 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, 2017, as filed with the Securities and Exchange Commission (“SEC”) on November 5, 2018. Certain previously 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 | 9 Months Ended |
Sep. 30, 2018 | |
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 $169,019 and an accumulated deficit of $4,532,167 as of September 30, 2018, 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 funding with acceptable terms. |
Concentration of Risk
Concentration of Risk | 9 Months Ended |
Sep. 30, 2018 | |
Risks and Uncertainties [Abstract] | |
Concentration of Risk | Note 3 - Concentration of Risk For the nine months ended September 30, 2018, products sold to largest customers accounted for approximately 100% of total revenue. Products purchased from largest suppliers accounted for approximately 100% of the total purchases during the nine months ended September 30, 2018. For the nine months ended September 30, 2017, products sold to largest customers accounted for approximately 29% of total revenue. Products purchased from two suppliers accounted for approximately 66% and 27% of the total purchases during the nine months ended September 30, 2017. |
Long Term Investments
Long Term Investments | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, 2018. 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 | 9 Months Ended |
Sep. 30, 2018 | |
Inventory Disclosure [Abstract] | |
Inventory | Note 5- Inventory Inventories stated at the lower of cost or market value are as follows: September 30, 2018 December 31, 2017 Finished goods $ 779,309 $ 800,246 Allowance for Inventory Valuation and Obsolescence Losses (779,309 ) (800,246 ) 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 | 9 Months Ended |
Sep. 30, 2018 | |
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 2016 through 2018 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 years prior to 2017 (inclusive). The income tax provision information is provided as follows: Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Component of income (loss) before income taxes: United States $ (60,105 ) $ (3,735 ) $ (117,706 ) $ (25,160 ) Foreign (20,915 ) (49,533 ) (109,776 ) (172,375 ) Net loss before taxes $ (81,020 ) $ (53,268 ) $ (227,482 ) $ (197,535 ) Provision for income taxes Current U.S. federal - - - - State and local - - (800 ) (800 ) Foreign - - - (2,557 ) Income tax benefit(loss) $ - $ - $ (800 ) $ (3,357 ) The income tax section listed above are taxes charged by the US federal, State and Local, and Foreign thorities for income taxes and taxes associated with doing business in the region. |
Bank Short Term Debt
Bank Short Term Debt | 9 Months Ended |
Sep. 30, 2018 | |
Debt Disclosure [Abstract] | |
Bank Short Term Debt | Note 7 - Bank Short Term Debt September 30, 2018 December 31, 2017 Short term loan $ - $ - The Company signed revolving credit agreements with a lending institution.. All loans were fully repaid on December 5, 2017. |
Long Term Loan
Long Term Loan | 9 Months Ended |
Sep. 30, 2018 | |
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$164,542) 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$6,450) beginning in July 2016, and fixed for the following 12 months until June 2017. The monthly repayment was reduced to $168,000 NTD (US$5,529) beginning in July 2017, and fixed for the following 12 months until June 2018. However, the company made an overall repayment of the remaining amounts due of $2,283,954 NTD (US$75,161) on Feb. 13, 2018 and terminated this loan agreement. An imputed effective interest of $11,364 on this pay off was recognized as interest expense for the reporting period ended March 31, 2018. There is no more long term loans for the three months ended September 30, 2018. |
Geographic Information
Geographic Information | 9 Months Ended |
Sep. 30, 2018 | |
Segment Reporting [Abstract] | |
Geographic Information | Note 9 - Geographic Information Product revenues for the three and nine months ended September 30, 2018 and 2017 are as follows: Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Customers based in: Europe $ - $ - $ - $ 10,953 Asia - - - 2,263 United States - - 1,167 5,497 Others - - - - $ - $ - $ 1,167 $ 18,713 |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2018 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 10 - Related Party Transactions The Company has recorded expenses for the following related party transactions for nine months ended September 30, 2018 and 2017: Nine months ended September 30, 2018 2017 Purchase from Anteya Technology Corp $ - $ 8,299 Rent paid to Mr. Wei-Rur Chen $ - $ 23,508 Mr. Chen was willing to exempt the rent payment of the Company for the 6-month period ended September 30, 2018, as the Company was going through transformation and seeking new business opportunities. The rent payment will be forgiven only for the 9-month period ended September 30, 2018. As of the balance sheet date indicated, the Company had the following receivable and liabilities recorded with respect to related party transactions: September 30, 2018 December 31, 2017 Anteya Technology Corp Due (to) from affiliate $ 13,414 $ 13,774 Mr. Wei-Rur Chen Payable to Shareholder $ (265,923 ) $ (441,603 ) 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 September 30, 2018. All transactions were at market-based prices. Mr. Wei-Rur Chen made various advances to the Company as personal loan. This personal loan carried no interest and was payable upon request. For the nine months ended September 30, 2018, advances from Mr. Chen was $91,919 and repayment to Mr. Chen totaled $267,678 and the net repayment was $175,759. The balance of advance from Mr. Chen was $265,923 as of September 30, 2018. |
Commitments
Commitments | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, 2018 are as follows: For the year ended December 31 2018 12,225 2019 $ 48,900 Nine months ended September 30, 2018 2017 Rent expenses $ 16,860 $ 23,508 |
Issuance of New Shares and Proc
Issuance of New Shares and Proceeds | 9 Months Ended |
Sep. 30, 2018 | |
Equity [Abstract] | |
Issuance of New Shares and Proceeds | Note 12 - Issuance of New Shares and Proceeds The Company issued 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 proceeds of US $410,256.38 on February 5, 2018. Part of this total proceeds of $199,967 was collected and deposited by the Company in the reporting period ended December 31, 2017 and was recorded as current liabilities. Upon the issuance of these new shares the current liabilities were reduced by the same amount for this reporting period. The proceeds were used for the repayment of the short-term loan and some of the shareholder’s personal loan to the Company and fund for operations. |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2018 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 13 - Subsequent Events The Company evaluated all events subsequent to September 30, 2018 through the date of the issuance of the financial statements, there are no other significant or material transactions to be reported except as follows: On September 17, 2018, the U.S. Securities and Exchange Commission (“Commission”) announced the temporary suspension of trading in the securities of the Company, commencing at 9:30 a.m. EDT on September 18, 2018 and terminating at 11:59 p.m. EDT on October 1, 2018. The Commission temporarily suspended trading in the securities of the Company due to a lack of current and accurate information about the Company because it has not filed certain periodic reports with the Commission. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (“Exchange Act”) and was accompanied by an Order Instituting Administrative Proceedings and Note of Hearing pursuant to Section 12(j) of the Exchange Act. The stated purpose of the order and hearing is for the Commission to determine whether it is necessary and appropriate to continue the suspension in the trading of the securities of the Company for a period not exceeding twelve months, or to revoke the registration of the Company’s securities pursuant to Section 12 of the Exchange Act. On October 18, 2018, the Company had a pre-hearing telephone conference with the Commission regarding the Proceeding. During the pre-hearing conference, it was agreed that the Commission’s motion for summary disposition against the Company would be due on November 15, 2018; the Company’s opposition brief would be due on December 13, 2018; and that the Commission’s reply brief would be due on December 20, 2018. The Commission has offered the Company the alternative to consent to the revocation of the registration of the Company’s securities pursuant to Section 12 of the Exchange Act to avoid the time and cost associated with contesting the Proceeding. If the Company were to consent to the revocation of its registration, the Company would then need to file a registration statement (with two years of audited financials) with the Commission and cause that registration statement to become effective in order to reinstate the registration of the Company’s securities. It is the Company’s understanding from the pre-hearing conference with the Commission that the only remedy the Commission has for delinquent filers such as the Company, even if the filer becomes current by the date of the hearing, is the revocation of the registration of the Company’s securities pursuant to Section 12 of the Exchange Act. Therefore, the Company cannot provide any assurances that it will be able to avoid the revocation of the registration of the Company’s securities pursuant to Section 12 of the Exchange Act due to the Company becoming delinquent in its filings. If the registration of the Company’s securities is revoked, the Company intends to file a registration statement with the Commission to reinstate the registration of the Company’s securities. The Company cannot provide any assurances as to the timing of the filing and effectiveness of such a registration statement. On November 10, 2018, Mr. Hsui-Fu Liu resigned as a Director of the Company . His resignation was not the result of any disagreements with the Company. On November 29, 2018, the remaining two directors on the Board of Directors of the Company appointed Mr. Michael W. Chung to the Board of Directors to fill the vacancy created by the resignation of Mr. Liu Hsiu-Fu. |
Nature of Business and Basis _2
Nature of Business and Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2018 | |
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 and nine months ended September 30, 2018 and 2017 have been included. Operating results for the three and nine months ended September 30, 2018 are not necessarily indicative of the results to be expected for any subsequent interim period or for the year ending December 31, 2018. The balance sheet at December 31, 2017 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, 2017, as filed with the Securities and Exchange Commission (“SEC”) on November 5, 2018. Certain previously 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) | 9 Months Ended |
Sep. 30, 2018 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventories | Inventories stated at the lower of cost or market value are as follows: September 30, 2018 December 31, 2017 Finished goods $ 779,309 $ 800,246 Allowance for Inventory Valuation and Obsolescence Losses (779,309 ) (800,246 ) Total $ - $ - |
Income Taxes (Tables)
Income Taxes (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Income Tax Disclosure [Abstract] | |
Schedule of Income Tax Provision | The income tax provision information is provided as follows: Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Component of income (loss) before income taxes: United States $ (60,105 ) $ (3,735 ) $ (117,706 ) $ (25,160 ) Foreign (20,915 ) (49,533 ) (109,776 ) (172,375 ) Net loss before taxes $ (81,020 ) $ (53,268 ) $ (227,482 ) $ (197,535 ) Provision for income taxes Current U.S. federal - - - - State and local - - (800 ) (800 ) Foreign - - - (2,557 ) Income tax benefit(loss) $ - $ - $ (800 ) $ (3,357 ) |
Bank Short Term Debt (Tables)
Bank Short Term Debt (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Debt Disclosure [Abstract] | |
Schedule of Short Term Loan | September 30, 2018 December 31, 2017 Short term loan $ - $ - |
Geographic Information (Tables)
Geographic Information (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Segment Reporting [Abstract] | |
Schedule of Product Revenues | Product revenues for the three and nine months ended September 30, 2018 and 2017 are as follows: Three months ended September 30, Nine months ended September 30, 2018 2017 2018 2017 Customers based in: Europe $ - $ - $ - $ 10,953 Asia - - - 2,263 United States - - 1,167 5,497 Others - - - - $ - $ - $ 1,167 $ 18,713 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Related Party Transactions [Abstract] | |
Schedule of Recorded Expenses for Related Party Transactions | The Company has recorded expenses for the following related party transactions for nine months ended September 30, 2018 and 2017: Nine months ended September 30, 2018 2017 Purchase from Anteya Technology Corp $ - $ 8,299 Rent paid to Mr. Wei-Rur Chen $ - $ 23,508 |
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: September 30, 2018 December 31, 2017 Anteya Technology Corp Due (to) from affiliate $ 13,414 $ 13,774 Mr. Wei-Rur Chen Payable to Shareholder $ (265,923 ) $ (441,603 ) |
Commitments (Tables)
Commitments (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 September 30, 2018 are as follows: For the year ended December 31 2018 12,225 2019 $ 48,900 |
Schedule of Rent Expense | Nine months ended September 30, 2018 2017 Rent expenses $ 16,860 $ 23,508 |
Nature of Business and Basis _3
Nature of Business and Basis of Presentation (Details Narrative) | Sep. 30, 2018 |
Accounting Policies [Abstract] | |
Ownership interest | 100.00% |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Working capital deficit | $ 169,019 | |
Accumulated deficit | $ (4,532,167) | $ (4,303,885) |
Concentration of Risk (Details
Concentration of Risk (Details Narrative) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Sales Revenue [Member] | Largest Customers [Member] | ||
Concentration risk, percentage | 100.00% | 29.00% |
Accounts Payable [Member] | Largest Suppliers [Member] | ||
Concentration risk, percentage | 100.00% | |
Accounts Payable [Member] | Supplier One [Member] | ||
Concentration risk, percentage | 66.00% | |
Accounts Payable [Member] | Supplier Two [Member] | ||
Concentration risk, percentage | 27.00% |
Long Term Investments (Details
Long Term Investments (Details Narrative) - USD ($) | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2015 | |
Equity method investment, ownership percentage | 100.00% | ||
Impairment loss | $ 335 | ||
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 ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Inventory Disclosure [Abstract] | ||
Finished goods | $ 779,309 | $ 800,246 |
Allowance for Inventory Valuation and Obsolescence Losses | (779,309) | (800,246) |
Total |
Income Taxes - Schedule of Inco
Income Taxes - Schedule of Income Tax Provision (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Income Tax Disclosure [Abstract] | ||||
Component of income (loss) before income taxes: United States | $ (60,105) | $ (3,735) | $ (117,706) | $ (25,160) |
Component of income (loss) before income taxes: Foreign | (20,915) | (49,533) | (109,776) | (172,375) |
Net loss before taxes | (81,020) | (53,268) | (227,482) | (197,535) |
Provision for income taxes: U.S. federal | ||||
Provision for income taxes: State and local | (800) | (800) | ||
Provision for income taxes: Foreign | (2,557) | |||
Income tax benefit(loss) | $ (800) | $ (3,357) |
Bank Short Term Debt - Schedule
Bank Short Term Debt - Schedule of Short Term Loan (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Debt Disclosure [Abstract] | ||
Short term loan |
Long Term Loan (Details Narrati
Long Term Loan (Details Narrative) - USD ($) | Feb. 13, 2018 | Mar. 31, 2018 | Jul. 31, 2016 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 |
Sales | $ 1,167 | $ 18,713 | |||||||
Interest expense, debt | $ 11,364 | ||||||||
Long term loans | |||||||||
Chailease Finance Co Ltd [Member] | |||||||||
Sales | $ 164,542 | ||||||||
Interest rate | 6.37% | ||||||||
Repayment of debt | $ 75,161 | $ 5,529 | $ 6,450 | ||||||
New Taiwan Dollars [Member] | |||||||||
Repayment of debt | $ 2,283,954 | ||||||||
New Taiwan Dollars [Member] | Chailease Finance Co Ltd [Member] | |||||||||
Sales | $ 5,000,000 | ||||||||
Repayment of debt | $ 168,000 | $ 196,000 |
Geographic Information - Schedu
Geographic Information - Schedule of Product Revenues (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Product revenues | $ 1,167 | $ 18,713 | ||
Europe [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Product revenues | 10,953 | |||
Asia [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Product revenues | 2,263 | |||
United States [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Product revenues | 1,167 | 5,497 | ||
Others [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Product revenues |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Equity method investment, percentage of ownership | 100.00% | ||
Advance from related party | $ 91,919 | $ 310,515 | |
Repayment of related party debt | 267,678 | ||
Advance from shareholder | $ 265,923 | $ 441,603 | |
Anteya Technology Corp [Member] | |||
Equity method investment, percentage of ownership | 13.68% | ||
Mr. Wei-Rur Chen [Member] | |||
Advance from related party | $ 91,919 | ||
Repayment of related party debt | 267,678 | ||
Net repayment of related party debt | 175,759 | ||
Advance from shareholder | $ 265,923 | $ 441,603 |
Related Party Transactions - Sc
Related Party Transactions - Schedule of Recorded Expenses for Related Party Transactions (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Anteya Technology Corp [Member] | ||
Related Party Transaction [Line Items] | ||
Purchase from Anteya Technology Corp | $ 8,299 | |
Mr. Wei-Rur Chen [Member] | ||
Related Party Transaction [Line Items] | ||
Rent paid to Mr. Wei-Rur Chen | $ 23,508 |
Related Party Transactions - _2
Related Party Transactions - Schedule of Receivables and Liabilities Recorded with Respect to Related Party Transactions (Details) - USD ($) | Sep. 30, 2018 | Dec. 31, 2017 |
Related Party Transaction [Line Items] | ||
Payable to Shareholder | $ (265,923) | $ (441,603) |
Anteya Technology Corp [Member] | ||
Related Party Transaction [Line Items] | ||
Due (to) from affiliate | 13,414 | 13,774 |
Mr. Wei-Rur Chen [Member] | ||
Related Party Transaction [Line Items] | ||
Payable to Shareholder | $ (265,923) | $ (441,603) |
Commitments (Details Narrative)
Commitments (Details Narrative) - New Taiwan Dollars [Member] - USD ($) | Nov. 11, 2017 | Sep. 30, 2018 |
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) | Sep. 30, 2018USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
2,018 | $ 12,225 |
2,019 | $ 48,900 |
Commitments - Schedule of Rent
Commitments - Schedule of Rent Expense (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | ||||
Rent expenses | $ 16,860 | $ 23,508 |
Issuance of New Shares and Pr_2
Issuance of New Shares and Proceeds (Details Narrative) - USD ($) | Feb. 05, 2018 | Sep. 30, 2018 | Dec. 31, 2017 |
Equity [Abstract] | |||
Number of common shares issued during period | 12,000,000 | ||
Price per shares | $ 0.034188 | ||
Total proceeds of common shares | $ 410,256 | ||
Other current liabilities | $ 55 | $ 199,967 |