XML 101 R14.htm IDEA: XBRL DOCUMENT v3.20.1
Real Estate Held For Investment
 12 Months Ended
Dec. 31, 2019
Real Estate Investment Property, Net [Abstract]  
Real Estate Held For Investment

NOTE 6 - REAL ESTATE HELD FOR INVESTMENT

 

    As of     As of  
    December 31, 2019     December 31, 2018  
             
Office leasehold   $ 840,011     $ 831,414  
Furniture and fixtures     55,664       55,094  
Office equipment     17,794       15,696  
Leasehold improvement     76,310       75,529  
      989,779       977,733  
Less: Accumulated depreciation and amortization     (193,720 )     (159,268 )
Total   $ 796,059     $ 818,465  

 

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 rented to an unrelated tenant, and one office in another building is used by the Company. Depreciation and amortization expense, included in cost of rental revenue, was $32,419 and $32,917 for the years ended December 31, 2019 and 2018, respectively. At December 31, 2019, the Company’s real estate held for investment was pledged to banks as security collateral for two loans aggregating $573,856 (see Note 11).