Related Party Transactions |
3 Months Ended | ||
|---|---|---|---|
Mar. 31, 2017 | |||
| Related Party Transactions [Abstract] | |||
| RELATED PARTY TRANSACTIONS |
The director of the Company provides services free of charge. The Company's sole officer and director is involved in other business activities and may in the future, become involved in other business opportunities as they become available.
The Company underwent a change of control in January 2016, which the majority ownership was transferred to a new majority shareholder. The former shareholder forgave the $14,468 advances at the date of the transfer, and the Company recognized a one-time gain of $14,468 which is included as gain on change of control in the Company’s results of operations during the three month ended March 31, 2016.
As of December 31, 2016, there were advances of $30,568 from the current shareholder for the purpose of operating the Company.
As of March 31, 2017, there were advances of $33,765 from the current shareholder for the purpose of operating the Company.
The Company’s registration address is free of charge as it is provided by a related party. The Company is not able to estimate fair market value for using a registered address; therefore, there is no rent expenses for the three month ended March 31, 2017. |