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Other Investments
 12 Months Ended
Dec. 31, 2017
Other Investments [Abstract]  
Other Investments

NOTE 7 – OTHER INVESTMENTS

 

    As of     As of  
    December 31, 2017     December 31, 2016  
             
(A) Investment in Greenpro Trust Limited – related party   $ 51,613     $ 51,613  
(B) Investments in unconsolidated subsidiaries     3,500       582  
Cash surrender value of life insurance, net of policy loan     75,344       56,058  
Total   $ 130,457     $ 108,253  

 

(A) At December 31, 2017 and 2016, the Company had an investment in Greenpro Trust Limited of $51,613, which is approximately 12% of the equity interest of Greenpro Trust Limited and is accounted for under the cost method of accounting. Greenpro Trust Limited is a company incorporated in Hong Kong and Mr. Lee Chong Kuang and Mr. Loke Che Chan, Gilbert are common directors of Greenpro Trust Limited and the Company.
   
(B) At December 31, 2017, the Company had investments in two unconsolidated entities with investment amounts aggregating $3,500. The Company’s ownership was less than 5% in each investment and each investment is accounted for under the cost method of accounting. At December 31, 2016, the Company had investments in two other unconsolidated entities aggregating $582.  
   
  During 2017, the Company invested $196,082 into an investment fund. At December 31, 2017, the Company determined that the investment was impaired and recorded a loss on other investments of $196,082.