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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net

NOTE 4 – PROPERTY AND EQUIPMENT, NET

 

    As of     As of  
    December 31, 2017     December 31, 2016  
             
Office leasehold   $ 3,194,858     $ -  
Furniture and fixtures     46,890       26,048  
Office equipment     43,076       31,890  
Leasehold improvement     41,340       13,586  
      3,326,164       71,524  
Less: Accumulated depreciation and amortization     (59,335 )     (32,993 )
Total   $ 3,266,829     $ 38,531  

 

Office leasehold represents three adjoining office units used by the Company located in a commercial building in Shenzhen, China. The office leasehold is subject to a 50 years land lease with a remaining term of 27 years, and is being amortized over the remaining lease term. Depreciation and amortization expense, classified as operating expenses, was $21,992 and $15,292 for the years ended December 31, 2017 and 2016, respectively.

 

At December 31, 2017, the Company’s office leasehold was pledged to banks as security collateral for loans of $1,383,360 (see Note 10).