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11. Related Party Balances and Transactions (Tables)
 12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Schedule of related party transactions

The balance due to related parties was as following:

   December 31,
2018		   December 31,
2017		 
   $   $ 
Mr. Zhang Bi (1)   (245,545)   (109,127)
Mr. Yin-Chieh Cheng (2)   (556,464)   (4,000)
Coral Capital Partners (3)   (10,718)   – 
Mountain Share Transfer, LLC (3)   (6,624)   – 
Total   (819,351)   (113,127)

 

Note:

 

(1)Mr. Zhang Bi is the chief executive officer of GZ WFH, and he holds 38.5% shares of the Company. The balance represented the amount paid by Mr. Zhang on behalf of the Company for purchase of the raw materials.

 

(2)Mr. Cheng Yin-Chieh is the chief financial officer of the Company, and he holds 42.5% shares of the Company. The balance represented the amount paid by Mr. Cheng on behalf of the Company for its daily operation purpose.

 

(3)Coral Capital Partners and Mountain Share Transfer, LLC are companies 100% controlled by Erik S. Nelson, the corporate secretary and director of the Company. The balances represented the amount paid on behalf of the Company for its daily operation purpose.

 

Related party transactions

 

The details of the related party transactions were as follows:

 

   For the years ended December 31, 
   2018   2017 
   $   $ 
Purchase from related party          
Mr. Zhang Bi (1)   165,797    – 
           
Paid on behalf of the Company          
Mr. Zhang Bi (2)   166,002    105,379 
Mr. Yin-Chieh Cheng (2)   552,056    1,000 
Coral Capital Partners (2)   6,743    – 
Mountain Share Transfer, LLC (2)   2,874    – 
           
Convertible note issued to related party          
Coral Investment Partners, LP (3)   10,000      
Coral Investment Partners, LP (4)   671    – 

 

Note:

 

(1)The transaction represents the inventory sold by Mr. Zhang Bi to the Company at the market value.
(2)The transactions represent the amount paid by Mr. Zhang Bi, Mr. Cheng Yin-Chieh, Coral Capital Partners and Mountain Share Transfer, LLC on behalf of the Company for its daily operation.
(3)It represents the convertible note issued by the Company (see Note 9).
(4)It represents the interest expenses accrued for convertible note.