Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2019 | Nov. 05, 2019 | |
Document And Entity Information | ||
Entity Registrant Name | ColorStars Group | |
Entity Central Index Key | 0001418780 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Entity's Reporting Status Current | Yes | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business Flag | true | |
Entity Emerging Growth Company | false | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 102,274,515 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2019 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Current assets: | ||
Cash and equivalents | $ 7,665 | $ 18,054 |
Accounts receivable, net of allowance for doubtful accounts of $146,088 at September 30, 2019 and $148,336 at December 31, 2018 | ||
Prepaid expenses and other current assets | 3,313 | 3,025 |
Total current assets | 10,978 | 21,079 |
Equipment, net of accumulated depreciation | 39,757 | 41,554 |
Right-of-use lease asset | 50,266 | |
Other assets | 982 | |
Total assets | 101,001 | 63,615 |
Current liabilities: | ||
Accounts payable | 3,950 | 20,537 |
Advance from shareholder | 389,815 | 269,198 |
Accrued expenses- related party | 5,562 | 5,614 |
Lease liabilities, current | 46,399 | 0 |
Other current liabilities | 149 | 159 |
Total current liabilities | 445,875 | 295,508 |
Lease liability | 3,867 | |
Total liabilities | 449,742 | 295,508 |
Commitments & Contingencies | ||
Stockholders equity | ||
Common Stock -Par Value $0.001 102,274,515 shares issued and outstanding, 450,000,000 shares are authorized at September 30, 2019 and December 31, 2018 | 102,275 | 102,275 |
Additional paid in capital | 4,157,518 | 4,157,518 |
Accumulated other comprehensive income | 150,943 | 147,185 |
Accumulated deficit | (4,759,477) | (4,638,871) |
Total stockholders' equity | (348,741) | (231,893) |
Total liabilities and stockholders' equity | $ 101,001 | $ 63,615 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Allowance for doubtful accounts receivable | $ 146,088 | $ 148,336 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares issued | 102,274,515 | 102,274,515 |
Common stock, shares outstanding | 102,274,515 | 102,274,515 |
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, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Income Statement [Abstract] | ||||
Net sales | $ 6,706 | $ 1,167 | ||
Cost of goods sold | 588 | |||
Gross profit | 6,706 | 579 | ||
Operating expenses | ||||
Selling, general and administrative | 19,899 | 19,450 | 54,087 | 80,262 |
Professional fees | 11,201 | 61,175 | 51,240 | 114,528 |
Rent | 11,563 | 34,866 | 16,860 | |
Depreciation & Amortization | 388 | 395 | 1,170 | 1,311 |
Total operating expenses | 43,051 | 81,020 | 141,363 | 212,961 |
Loss from operations | (43,051) | (81,020) | (134,657) | (212,382) |
Other expenses | ||||
Interest expense (net) | 4 | (11,165) | ||
Loss on foreign exchange, net | (54) | (1) | (3,935) | |
Gain on forgiveness of debt | 14,848 | |||
Loss before income tax | (43,105) | (81,020) | (119,806) | (227,482) |
Income tax provision | (800) | (800) | ||
Net loss | (43,105) | (81,020) | (120,606) | (228,282) |
Other comprehensive gain/(loss): | ||||
Foreign currency translation gain/(loss) | 463 | (755) | 3,758 | 6,620 |
Comprehensive loss | $ (42,642) | $ (81,775) | $ (116,848) | $ (221,662) |
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 | 102,274,515 | 102,274,515 | 100,941,182 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Cash flows from operating activities | ||||
Net (loss) | $ (43,105) | $ (81,020) | $ (120,606) | $ (228,282) |
Depreciation | 388 | 395 | 1,170 | 1,311 |
Gain on forgiveness of debt | (14,848) | |||
Changes in operating assets and liabilities: | ||||
Prepaid expenses and other current assets | 695 | 26,047 | ||
Accounts payable | (1,741) | 49,579 | ||
Accrued expenses | (52) | 778 | ||
Receipts in advance and other current liabilities | (10) | (199,911) | ||
Cash flows provided by (used for) operating activities | (135,392) | (350,478) | ||
Cash flows from financing activities | ||||
Advance from shareholder | 124,697 | 91,919 | ||
Repay advance from shareholder | (267,678) | |||
Increase (decrease) in long-term loans | (87,538) | |||
Increase (decrease) in capital | 410,258 | |||
Cash flows provided by financing activities | 124,697 | 146,961 | ||
Effect of exchange rate changes on cash and cash equivalents | 306 | 7,614 | ||
Net increase (decrease) in cash and cash equivalents | (10,389) | (195,903) | ||
Beginning cash and cash equivalents | 18,054 | 359,403 | ||
Ending cash and cash equivalents | $ 7,665 | $ 163,500 | 7,665 | 163,500 |
Supplemental disclosure of cash flow information cash paid during the period for: | ||||
Interest | ||||
Tax paid | $ 800 | $ 800 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' (Deficit) Equity - USD ($) | Common Stock [Member] | Additional Paid in Capital [Member] | Accumulated Deficit [Member] | Accumulated Other Comprehensive Income [Member] | Total |
Balance at Dec. 31, 2017 | $ 90,275 | $ 3,759,260 | $ (4,303,885) | $ 139,825 | $ (314,525) |
Balance, shares at Dec. 31, 2017 | 90,274,515 | ||||
Capital increase | $ 12,000 | 398,258 | 410,258 | ||
Capital increase, shares | 12,000,000 | ||||
Foreign currency translation | 6,620 | 6,620 | |||
Net loss | (228,282) | (228,282) | |||
Balance at Sep. 30, 2018 | $ 102,275 | 4,157,518 | (4,532,167) | 146,445 | (125,929) |
Balance, shares at Sep. 30, 2018 | 102,274,515 | ||||
Balance at Jun. 30, 2018 | $ 102,275 | 4,157,518 | (4,451,147) | 147,200 | (44,154) |
Balance, shares at Jun. 30, 2018 | 102,274,515 | ||||
Foreign currency translation | (755) | (755) | |||
Net loss | (81,020) | (81,020) | |||
Balance at Sep. 30, 2018 | $ 102,275 | 4,157,518 | (4,532,167) | 146,445 | (125,929) |
Balance, shares at Sep. 30, 2018 | 102,274,515 | ||||
Balance at Dec. 31, 2018 | $ 102,275 | 4,157,518 | (4,638,871) | 147,185 | (231,893) |
Balance, shares at Dec. 31, 2018 | 102,274,515 | ||||
Foreign currency translation | 3,758 | 3,758 | |||
Net loss | (120,606) | (120,606) | |||
Balance at Sep. 30, 2019 | $ 102,275 | 4,157,518 | (4,759,477) | 150,943 | (348,741) |
Balance, shares at Sep. 30, 2019 | 102,274,515 | ||||
Balance at Jun. 30, 2019 | $ 102,275 | 4,157,518 | (4,716,372) | 150,480 | (306,099) |
Balance, shares at Jun. 30, 2019 | 102,274,515 | ||||
Foreign currency translation | 463 | 463 | |||
Net loss | (43,105) | (43,105) | |||
Balance at Sep. 30, 2019 | $ 102,275 | $ 4,157,518 | $ (4,759,477) | $ 150,943 | $ (348,741) |
Balance, shares at Sep. 30, 2019 | 102,274,515 |
Nature of Business and Basis of
Nature of Business and Basis of Presentation | 9 Months Ended |
Sep. 30, 2019 | |
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 signed a joint venture agreement with an entity in the Kingdom of Saudi Arabia in February of 2019. According to this joint venture agreement the Company will transfer its IPs, trademarks, and technologies in LED lighting to this new joint venture company. The Company will stop the LED lighting business line and pursue other business opportunities, including solar power projects, waste-tire-to-oil systems, and LNG trading projects. There are certain conditions to be met before the Company can start the execution of this joint venture agreement. As of to date, the parties have not closed the jointure agreement due to delay in fund raising of the Saudi Arabian partners. Both parties are endeavoring to resolve this issue and trying to secure the required fund for the project. 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 nine months ended September 30, 2019 and 2018 have been included. Operating results for the three and nine months ended September 30, 2019 are not necessarily indicative of the results to be expected for any subsequent interim period or for the year ending December 31, 2019. The balance sheet at December 31, 2018 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, 2018, as filed with the Securities and Exchange Commission (“SEC”) on April 12, 2019. Certain previously reported amounts have been adjusted to conform to current-period presentation, however there is no net effect to the previously-reported financial information. Basis of Consolidation |
Going Concern
Going Concern | 9 Months Ended |
Sep. 30, 2019 | |
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 $434,897 and an accumulated deficit of $4,759,477 as of September 30, 2019, 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 needs to raise additional capital from external sources or from shareholder loans to support its 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, 2019 | |
Risks and Uncertainties [Abstract] | |
Concentration of Risk | Note 3 - Concentration of Risk For the nine months ended September 30, 2019, products sold to largest customers accounted for approximately 54% of total revenue. No purchases occurred in this period 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. On Feb. 26, 2019, the company signed a joint venture agreement (JVA) with an entity in the Kingdom of Saudi Arabia (KSA). According to this JVA, the company shall make transfer of its patents, trademarks, and customer list to the new joint company to be formed. The company will also help to build an electronic manufacturing plant in the KSA, and to provide training of its staff and operators for the engineering, manufacturing, and selling of LED lighting products. For the patents and trademarks granted in the JVA, the company shall be compensated with US$1.5 million dollars in cash payment. In addition, for the technology and training support, the company shall be awarded with US$2.65 million dollars in the form of shares in the new joint venture company, calculated based on fair price. The closing conditions for the cash payment and the shares granted for the joint venture company are mainly (1) government approvals for the investment in the joint venture company for both parties, (2) formation of the joint company, and (3) board approval of the joint venture company to undertake activities in the JVA. We are not sure when the Company will start the execution of the JVA and will receive the cash payment and share grants of the joint venture company. There is no consideration exchanged between the parties as of to date. |
Long Term Investments
Long Term Investments | 9 Months Ended |
Sep. 30, 2019 | |
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, 2019. 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, 2019 | |
Inventory Disclosure [Abstract] | |
Inventory | Note 5- Inventory Inventories stated at the lower of cost or market value are as follows: September 30, 2019 December 31, 2018 Finished goods $ 764,675 $ 776,441 Allowance for Inventory Valuation and Obsolescence Losses (764,675 ) (776,441 ) Total $ - $ - The Company decided to shift in operational focus and that it was determined that the remaining inventory had little-to-no value, thus was fully impaired at December 31, 2015. |
Income Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2019 | |
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 2017 through 2019 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 2018 (inclusive). The income tax provision information is provided as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Component of income (loss) before income taxes: United States $ (9,080 ) $ (60,105 ) $ (40,423 ) $ (117,706 ) Foreign (34,025 ) (20,915 ) (79,383 ) (109,776 ) Net loss before taxes $ (43,105 ) $ (81,020 ) $ (119,806 ) $ (227,482 ) Provision for income taxes Current U.S. federal - - - - State and local - - (800 ) (800 ) Foreign - - - - Income tax benefit(loss) $ - $ - $ (800 ) $ (800 ) Given the Company’s history of operating losses, a full valuation of the deferred tax assets related to the Company’s net operating losses has been recorded, resulting in no material impact on the financial statements. |
Geographic Information
Geographic Information | 9 Months Ended |
Sep. 30, 2019 | |
Segment Reporting [Abstract] | |
Geographic Information | Note 7 - Geographic Information Product revenues for the nine months ended September 30, 2019 and 2018 are as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Customers based in: Europe $ - $ - $ - $ - Asia - - - - United States - - 2,186 1,167 Others - - 4,520 - $ - $ - $ 6,706 $ 1,182 |
Related Party Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2019 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 8 - Related Party Transactions The Company has recorded expenses for the following related party transactions for nine months ended September 30, 2019 and 2018: Nine months ended September 30, 2019 2018 Purchase from Anteya Technology Corp $ - $ - Rent paid to Mr. Wei-Rur Chen 34,866 - As of the balance sheet date indicated, the Company had the following receivable and liabilities recorded with respect to related party transactions: September 30, 2019 September 30, 2018 Anteya Technology Corp Due to affiliate (liabilities) $ - $ 13,414 Mr. Wei-Rur Chen Payable to Shareholder $ (389,815 ) $ (265,923 ) Accrued expenses (wages paid to Mr. Chen) $ 4,642 $ 3,577 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 December 31, 2018. All transactions were at market-based prices. No (or very little) business activity took place between the Company and Anteya in the 2 years presented 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 year ended September 30, 2019, advances from Mr. Chen was $124,697. The balance of advance from Mr. Chen was $389,815 as of September 30, 2019. |
Commitments
Commitments | 9 Months Ended |
Sep. 30, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments | Note 9 - Commitments The Company has adopted ASC 842 during the current period, as required by GAAP, utilizing the practical expedients package resulting in a “run off” of its accounting for leases that existed prior to the effective date, given no change in lease classification. The company leases offices in Taiwan. The main office is relocated in New Taipei City with monthly rent 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 lease of the main office remains in effect. Total rent paid for nine months ended September 30, 2019 and 2018 are as listed below: Nine months ended September 30, 2019 2018 Rent expenses $ 34,866 $ 16,860 The following table presents our contractual obligations and commitments as of September 30, 2019: Contractual Obligation Less than 1 1-3 years 3-5 years After 5 Operating Leases 46,399 3,867 0 0 Total contractual cash obligations 46,399 3,867 0 0 |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 10 - Subsequent Events The Company evaluated all events subsequent to September 30, 2019 through the date of the issuance of the financial statements, there are no other significant or material transactions to be reported other than the item listed below: The Company signed a short-term loan agreement with Chailease Finance Co., Ltd on September 25, 2019 for a loan amount of NTD$2,000,000 (approximately $64,567). The loan was released to the Company on October 1, 2019 when all the conditions were met. The interest rate is about 6.8% per annum with 24 months repayment terms. Monthly repayment for the first 12 months is NTD$102,000 (US$3,293) and for the last 12 months is NTD$86,000 (US$2,776). |
Nature of Business and Basis _2
Nature of Business and Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2019 | |
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 nine months ended September 30, 2019 and 2018 have been included. Operating results for the three and nine months ended September 30, 2019 are not necessarily indicative of the results to be expected for any subsequent interim period or for the year ending December 31, 2019. The balance sheet at December 31, 2018 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, 2018, as filed with the Securities and Exchange Commission (“SEC”) on April 12, 2019. Certain previously reported amounts have been adjusted to conform to current-period presentation, however there is no net effect to the previously-reported financial information. |
Basis of Consolidation | Basis of Consolidation |
Inventory (Tables)
Inventory (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventories | Inventories stated at the lower of cost or market value are as follows: September 30, 2019 December 31, 2018 Finished goods $ 764,675 $ 776,441 Allowance for Inventory Valuation and Obsolescence Losses (764,675 ) (776,441 ) Total $ - $ - |
Income Taxes (Tables)
Income Taxes (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
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, 2019 2018 2019 2018 Component of income (loss) before income taxes: United States $ (9,080 ) $ (60,105 ) $ (40,423 ) $ (117,706 ) Foreign (34,025 ) (20,915 ) (79,383 ) (109,776 ) Net loss before taxes $ (43,105 ) $ (81,020 ) $ (119,806 ) $ (227,482 ) Provision for income taxes Current U.S. federal - - - - State and local - - (800 ) (800 ) Foreign - - - - Income tax benefit(loss) $ - $ - $ (800 ) $ (800 ) |
Geographic Information (Tables)
Geographic Information (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Segment Reporting [Abstract] | |
Schedule of Product Revenues | Product revenues for the nine months ended September 30, 2019 and 2018 are as follows: Three months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 Customers based in: Europe $ - $ - $ - $ - Asia - - - - United States - - 2,186 1,167 Others - - 4,520 - $ - $ - $ 6,706 $ 1,182 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
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, 2019 and 2018: Nine months ended September 30, 2019 2018 Purchase from Anteya Technology Corp $ - $ - Rent paid to Mr. Wei-Rur Chen 34,866 - |
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, 2019 September 30, 2018 Anteya Technology Corp Due to affiliate (liabilities) $ - $ 13,414 Mr. Wei-Rur Chen Payable to Shareholder $ (389,815 ) $ (265,923 ) Accrued expenses (wages paid to Mr. Chen) $ 4,642 $ 3,577 |
Commitments (Tables)
Commitments (Tables) | 9 Months Ended |
Sep. 30, 2019 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Rent Expense | Total rent paid for nine months ended September 30, 2019 and 2018 are as listed below: Nine months ended September 30, 2019 2018 Rent expenses $ 34,866 $ 16,860 |
Schedule of Contractual Obligations and Commitments | The following table presents our contractual obligations and commitments as of September 30, 2019: Contractual Obligation Less than 1 1-3 years 3-5 years After 5 Operating Leases 46,399 3,867 0 0 Total contractual cash obligations 46,399 3,867 0 0 |
Nature of Business and Basis _3
Nature of Business and Basis of Presentation (Details Narrative) | Sep. 30, 2019 |
Accounting Policies [Abstract] | |
Ownership interest | 100.00% |
Going Concern (Details Narrativ
Going Concern (Details Narrative) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Working capital deficit | $ 434,897 | |
Accumulated deficit | $ (4,759,477) | $ (4,638,871) |
Concentration of Risk (Details
Concentration of Risk (Details Narrative) - USD ($) | Feb. 26, 2019 | Sep. 30, 2019 | Sep. 30, 2018 |
Joint Venture Agreement [Member] | |||
Compensated expense | $ 1,500,000 | ||
Awarded for technology and training support | $ 2,650,000 | ||
Sales Revenue [Member] | Largest Customers [Member] | |||
Concentration risk, percentage | 54.00% | 100.00% | |
Accounts Payable [Member] | Largest Suppliers [Member] | |||
Concentration risk, percentage | 100.00% |
Long Term Investments (Details
Long Term Investments (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2015 | Sep. 30, 2019 | |
Equity method investment, ownership percentage | 100.00% | |
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, 2019 | Dec. 31, 2018 |
Inventory Disclosure [Abstract] | ||
Finished goods | $ 764,675 | $ 776,441 |
Allowance for Inventory Valuation and Obsolescence Losses | (764,675) | (776,441) |
Total |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) | 9 Months Ended |
Sep. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Income tax examination description | For the major taxing jurisdictions, the tax years 2017 through 2019 remain open for state and federal examination. |
Income Taxes - Schedule of Inco
Income Taxes - Schedule of Income Tax Provision (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Income Tax Disclosure [Abstract] | ||||
Component of income (loss) before income taxes: United States | $ (9,080) | $ (60,105) | $ (40,423) | $ (117,706) |
Component of income (loss) before income taxes: Foreign | (34,025) | (20,915) | (79,383) | (109,776) |
Net loss before taxes | (43,105) | (81,020) | (119,806) | (227,482) |
Provision for income taxes: U.S. federal | ||||
Provision for income taxes: State and local | (800) | (800) | ||
Provision for income taxes: Foreign | ||||
Income tax benefit(loss) | $ (800) | $ (800) |
Geographic Information - Schedu
Geographic Information - Schedule of Product Revenues (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Product revenues | $ 6,706 | $ 1,167 | ||
Europe [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Product revenues | ||||
Asia [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Product revenues | ||||
United States [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Product revenues | 2,186 | 1,167 | ||
Others [Member] | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Product revenues | $ 4,520 |
Related Party Transactions (Det
Related Party Transactions (Details Narrative) - USD ($) | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018 | |
Equity method investment, percentage of ownership | 100.00% | ||
Advance from related party | $ 124,697 | $ 91,919 | |
Advance from shareholder | 389,815 | $ 269,198 | |
Anteya Technology Corp [Member] | |||
Equity method investment, percentage of ownership | 13.68% | ||
Mr. Wei-Rur Chen [Member] | |||
Advance from related party | 124,697 | ||
Advance from shareholder | $ 389,815 | $ 265,923 |
Related Party Transactions - Sc
Related Party Transactions - Schedule of Recorded Expenses for Related Party Transactions (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2019 | Sep. 30, 2018 | |
Anteya Technology Corp [Member] | ||
Related Party Transaction [Line Items] | ||
Purchase from Anteya Technology Corp | ||
Mr. Wei-Rur Chen [Member] | ||
Related Party Transaction [Line Items] | ||
Rent paid to Mr. Wei-Rur Chen | $ 34,866 |
Related Party Transactions - _2
Related Party Transactions - Schedule of Receivables and Liabilities Recorded with Respect to Related Party Transactions (Details) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018 | Sep. 30, 2018 |
Related Party Transaction [Line Items] | |||
Payable to Shareholder | $ (389,815) | $ (269,198) | |
Accrued expenses (wages paid to Mr. Chen) | 5,562 | $ 5,614 | |
Anteya Technology Corp [Member] | |||
Related Party Transaction [Line Items] | |||
Due to affiliate (liabilities) | $ 13,414 | ||
Mr. Wei-Rur Chen [Member] | |||
Related Party Transaction [Line Items] | |||
Payable to Shareholder | (389,815) | (265,923) | |
Accrued expenses (wages paid to Mr. Chen) | $ 4,642 | $ 3,577 |
Commitments (Details Narrative)
Commitments (Details Narrative) - TWD ($) | Nov. 11, 2017 | Sep. 30, 2019 |
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 Rent
Commitments - Schedule of Rent Expense (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | |
Commitments and Contingencies Disclosure [Abstract] | ||||
Rent expenses | $ 11,563 | $ 34,866 | $ 16,860 |
Commitments - Schedule of Contr
Commitments - Schedule of Contractual Obligations and Commitments (Details) | Sep. 30, 2019USD ($) |
Less than 1 Year [Member] | |
Operating Leases | $ 46,399 |
Total contractual cash obligations | 46,399 |
1-3 years [Member] | |
Operating Leases | 3,867 |
Total contractual cash obligations | 3,867 |
3-5 years [Member] | |
Operating Leases | 0 |
Total contractual cash obligations | 0 |
After 5 years [Member] | |
Operating Leases | 0 |
Total contractual cash obligations | $ 0 |
Subsequent Events (Details Narr
Subsequent Events (Details Narrative) - Short-term Loan Agreement [Member] | Sep. 25, 2019USD ($) | Sep. 25, 2019TWD ($) | Sep. 25, 2019TWD ($) |
Short-term debt | $ 64,567 | ||
Short-term debt, interest rate | 6.80% | 6.80% | |
Short-term debt term | 24 months repayment terms. | 24 months repayment terms. | |
First 12 Months [Member] | |||
Repayments of short-term debt | $ 3,293 | ||
Last 12 Months [Member] | |||
Repayments of short-term debt | $ 2,776 | ||
New Taiwan dollar [Member] | |||
Short-term debt | $ 2,000,000 | ||
New Taiwan dollar [Member] | First 12 Months [Member] | |||
Repayments of short-term debt | $ 102,000 | ||
New Taiwan dollar [Member] | Last 12 Months [Member] | |||
Repayments of short-term debt | $ 86,000 |