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RELATED PARTY BALANCES AND TRANSACTIONS
 12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS

Note 16     RELATED PARTY BALANCES AND TRANSACTIONS

 

Due to related parties

 

The balance due to related parties was as following:

           
    December 31,
2023		     December 31,
2022		  
    $     $  
Mountain Share Transfer, LLC (1)     39,341       39,341  

  

Sales

 

The balance of sales with a related party was as following:

 

    Related Party Categories     December 31,
2023		     December 31,
2022		  
          $     $  
Grand Smooth Corporation Limited (2)     Same director       12,498       993,918  
Total             12,498       993,918  

 

The sales prices and payment terms to related parties were not significantly different from those of sales to third parties. For other related party transactions, price and terms were determined in accordance with mutual agreements

 

Note:

 

(1) Mountain Share Transfer, LLC is company 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.
   
(2) Grand Smooth Corporation Limited chairman is Mr. Yin-Chieh Cheng ("Mr. Cheng") same with Company. Grand Smooth Corporation Limited will purchase goods from Company and re-sell it. All the terms were not significantly different from those of sales to third parties.