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Short-Term Debt
9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Short-Term Debt

NOTE 2 SHORT-TERM DEBT

 

The short term debt balances were as follows:

 

    September 30, 2015     December 31, 2014  
             
Loan from Shanghai Bank at 3.24% interest rate per annum. Due July - March 2016.   $ 52,850     $ 325,500  
                 
Loan from Hua Nan Bank at 3.26% interest rate per annum. Due November - December 2015.     151,000       315,000  
                 
Loan from SinoPac Bank at 3.26% interest rate per annum. Due July 2015.     -       315,000  
                 
KTV Holding, LLC at 9.5% interest rate per annum. Paid January 26, 2015.     -       75,000  
                 
A&A Property Investments, Inc. at 9.5% interest rate per annum. Paid January 26, 2015     -       50,000  
                 
Balance at end of period   $ 203,850     $ 1,080,500