XML 32 R16.htm IDEA: XBRL DOCUMENT v3.19.1
Note 10 - Related Party Transactions
12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

Note 10 - Related Party Transactions


On September 30, 2011, Diamond Bar leased a showroom in High Point, North Carolina from the Company’s president who is currently also our Chief Executive Officer and Chairman of the Board. The lease is to be renewed and has been renewed each year since 2011. On March 16, 2018, the Company renewed the lease for an additional one year term. The lease was for the amount of $34,561, with a term of one year and only for use during two furniture exhibitions to be held between April 1, 2018 and March 31, 2019. During the years ended December 31, 2018 and 2017, the Company paid rental amounts of $34,561 and $32,916 that are included in selling expenses, respectively.


On January 4, 2018, the Company entered into a sales representative agreement with a consulting firm, which is owned by our Chief Executive Officer and Chairman of the Board, for sales representative service for a term of two years. The Company agreed to compensate the sales representative commission at predetermined rates of the relevant sales amount. During the year ended December 31, 2018, the Company recorded $159,360 as commission expense to this sales representative.