NOTE 8. RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) |
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
Dec. 31, 2016 |
|
| Related Party Transactions, Description of Transactions | Yilaime Corporation, a Nevada corporation ("Yilaime") and Yilaime Corporation of NC ("Yilaime NC") are related parties to the Company. Yilaime is a "Control Party" to AmericaTowne because it has title to greater than 50% of the issued and outstanding shares of common stock in the Company. Alton Perkins is the majority shareholder and controlling principal of Yilaime, Yilaime NC, Perkins DISC and the Company. Additionally, for those “trade centers” set forth below, Mr. Perkins directs all major activities and operating policies of each entity. The common control may result in operating results or a financial position significantly different from that, which would have been obtained if the enterprises were autonomous. Further, pursuant to ASC 850-10-50-6 the Company lists and provides details for all material Related Party transactions so that readers of the financial statements can better assess and predict the possible impact on performance. Nature of Related Parties' Relationship On October 8, 2014, the Company entered into the Stock Exchange Agreement with Yilaime NC. Pursuant to the terms of the Stock Exchange Agreement, in consideration for the issuance of 3,616,059 shares of common stock in the Company to Yilaime NC, Yilaime NC conveyed 10,848,178 shares of its restricted common stock to the Company. The intent of the parties in executing and performing under the Stock Exchange Agreement is to effectuate tax-free reorganization under Section 368 of the Internal Revenue Code of 1986. The Company issued the 3,616,059 shares of common stock to Yilaime NC on May 14, 2015. As result of receiving 10,848,178 shares of issued and outstanding common stock in Yilaime (4.5% of issued and outstanding), the Company recorded a $3,860 investment in use of Cost Method. The Company authorized Yilaime NC to transfer 3,616,059 of these shares pursuant to the Company's effective registration statement on Form S-1/A on November 5, 2015. The Company entered into a Service Provider Agreement with Yilaime on October 27, 2014 (the "Service Agreement") wherein certain "Export Funding and Support Services" and "Occupancy Services," as defined therein, are provided to the Company in consideration for a fee. In addition to these fees, Yilaime has to pay an Operations Fee to the Company for exclusive rights. Mr. Perkins is the Chief Executive Officer of the Company and is the majority shareholder and controlling person of Yilaime. The Company also leased office space from Yilaime NC for $3,516 per month. On June 27, 2016, ATI Modular entered into a Sales and Support Services Agreement with Yilaime. Under the Services Agreement, Yilaime will provide ATI Modular with marketing, sales and support services in the ATI Modular’s pursuit of ATI Modular business in China in consideration of a commission equal to 10% of the gross amount of monies procured for ATI Modular through Yilaime’s services. In consideration of the right to receive this commission, Yilaime has agreed to pay ATI Modular a quarterly fee of $250,000 starting on July 1, 2016. The Services Agreement is set to expire on June 10, 2020, absent early termination for breach thereof by either party. Yilaime retains an option to extend the term under its sole discretion until June 10, 2025 by providing written notice to ATI Modular by March 10, 2019. Yilaime has agreed to be ATI Modular’s exclusive independent contractor in providing the services in the Services Agreement, and has agreed to a non-compete and non-circumvent agreement. Yilaime is obligated to provide support services only in a manner that is deemed commercially acceptable by Yilaime and Yilaime has the sole right to determine the means, manner and method by which services will be provided and at the time and location of its choosing. Furthermore, as the control person of Yilaime, Mr. Perkins might make decisions he deems are in the best interests of Yilaime, which might be to the detriment of the goals and objectives of ATI Modular. For the third quarter of 2017, Yilaime provided $112,916 in support services pursuant to the agreement. |
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| Revenues | $ 757,884 | $ 51,135 | $ 1,310,396 | $ 1,327,405 | |
| Costs of revenues | 35,498 | 162 | 113,076 | 460,066 | |
| General and administrative expenses | 466,771 | $ 258,365 | 1,067,843 | 766,964 | |
| Net account receivables | 2,656,319 | 2,656,319 | $ 1,298,681 | ||
| Due to related party | 2,106 | 2,106 | 42,839 | ||
| Notes receivable | 15,000 | 15,000 | 0 | ||
| Trade Center Service Agreement Member] | |||||
| Revenues | 901,750 | 175,000 | |||
| Net account receivables | 1,065,636 | 1,065,636 | 282,149 | ||
| Yilaime Exclusive Agreement [Member] | |||||
| Revenues | 150,000 | 150,000 | |||
| Yilaime Services Agreement [Member] | |||||
| Costs of revenues | 112,916 | 117,062 | |||
| Employmen Agreement [Member] | |||||
| General and administrative expenses | 395,288 | 287,390 | |||
| Nationwide Microfinance Limited Member] | |||||
| Commission revenue | 30,242 | 0 | |||
| Shareholder [Member] | |||||
| Notes receivable | 15,000 | 15,000 | 0 | ||
| Yilaime Nairobi Ltd [Member] | |||||
| Purchase of mining equipment | 14,677 | 14,677 | 14,677 | ||
| Yilaime [Member] | |||||
| Net account receivables | 932,811 | 932,811 | 405,817 | ||
| Due to related party | 115,459 | 115,459 | 42,839 | ||
| Other receivables | 69,120 | ||||
| Perkins Hsu Export Corporation [Member] | |||||
| Other receivables | 208,180 | 208,180 | 175,772 | ||
| Export Service Agreements | |||||
| Net account receivables | $ 3,030,636 | 3,030,636 | $ 3,030,636 | ||
| Commission and Fees [Member] | |||||
| General and administrative expenses | $ 555,871 | $ 463,000 | |||
| Consolidated Operating Statement [Member] | |||||
| Related Party Transactions, Description of Transactions | For the nine months ended, September 30, 2017, $31,947 for general and administrative expenses for rent expenses the Company paid to Yilaime towards its lease agreement; For the nine months ended, September 30, 2017, $22,500 for general and administrative expenses for rent expenses ATI Modular paid to Yilaime towards its lease agreement. For the nine months ended, September 30, 2017, $22,500 for general and administrative expenses for rent expenses ATI Nationwide paid to Yilaime towards its lease agreement. | ||||