Note 8 - Related Party Transactions and Balances
| Schedule of related party |
|
|
| Name of related party |
|
Relationship with the Company |
| Suzhou Kesheng Investment Management Co., Ltd. |
|
Ms. Guo Li is common director |
| Guo Li |
|
Ms. Guo Li is the director of the Company |
| Beijing Cabelongteng |
|
The controlling party of this entity is also a shareholder of the Company |
| Shenzhen Jiecheng Enterprise Management Consulting Co., Ltd |
|
Mr. Hu Ziyong is the chief financial officer of the Company |
| Sichuan Chuanghe Culture Media Co., Ltd |
|
Mr. Hu Ziyong is the chief financial officer of the Company |
| b. |
Related Party Transactions |
No revenue was recognized for the six months ended
June 30, 2025.
During the six months ended June 30, 2024, the Company provided software development services to Beijing Cabelongteng Investment Center
(Limited Partnership), a related party, and recognized revenue of $180,028.
| c. |
Related party balances |
The Company had the following related party balances
at June 30, 2025 and December 31, 2024:
| Schedule of related party balances |
|
|
|
|
|
|
|
|
| |
|
June 30,
2025 |
|
|
December 31,
2024 |
|
| |
|
(Unaudited) |
|
|
|
|
| Due from/(to) related parties: |
|
|
|
|
|
|
|
|
| Shenzhen Jiecheng Enterprise Management Consulting Co., Ltd |
|
|
25,127 |
|
|
|
|
|
| Sichuan Chuanghe Culture Media Co., Ltd |
|
|
19,543 |
|
|
|
|
|
| Guo Li |
|
|
(153,445 |
) |
|
|
(23,661 |
) |
The amounts due from/(to) related parties are
without interest and due on demand.
|