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Real Estate Held For Investment
 12 Months Ended
Dec. 31, 2017
Real Estate Investment Property, Net [Abstract]  
Real Estate Held For Investment

NOTE 6 - REAL ESTATE HELD FOR INVESTMENT

 

    As of     As of  
    December 31, 2017     December 31, 2016  
             
Office leasehold   $ 851,120     $ 766,674  
Furniture and fixtures     57,814       48,174  
Office equipment     15,378       9,989  
Leasehold improvement     75,210       65,334  
      999,522       890,171  
Less: Accumulated depreciation and amortization     (130,538 )     (88,657 )
Total   $ 868,984     $ 801,514  

 

Real estate held for investment represents three office units located in two commercial buildings in Kuala Lumpur, Malaysia. Two adjoining offices in one building are used or rented by the Company, and one office in another building is rented. Depreciation and amortization expense, classified as cost of rental, was $30,570 and $30,050 for the years ended December 31, 2017 and 2016, respectively. At December 31, 2017, the Company’s real estate held for investment was pledged to banks as security collateral for loans of $613,433 (see Note 10).