Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | May. 10, 2016 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | ColorStars Group | |
Entity Central Index Key | 1,418,780 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2016 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Is Entity a Well-known Seasoned Issuer? | No | |
Is Entity a Voluntary Filer? | No | |
Is Entity's Reporting Status Current? | Yes | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 67,448,890 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2,016 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Current assets: | ||
Cash and equivalents | $ 33,547 | $ 24,129 |
Accounts receivable, net of allowance for doubtful accounts of $91,293 at March 31, 2016 and $73,794 at December 31, 2015; Net of due from affiliate account of $556,759 at March 31, 2016 and $557,554 at December 31, 2015. | 78,733 | 176,195 |
Inventory | 420,050 | 420,635 |
Prepaid expenses and other current assets | 33,225 | 37,349 |
Total current assets | 565,555 | 658,308 |
Equipment, net of accumulated depreciation | 57,109 | 62,864 |
Investments | 121,118 | 109,380 |
Other assets | 15,588 | 15,005 |
Total assets | 759,370 | 845,557 |
Current liabilities: | ||
Short term loan | 525,891 | 517,600 |
Accounts payable | 44,652 | 152,142 |
Accrued expenses | 13,154 | 12,997 |
Receipts in advance and other current liabilities | 47,224 | 9,060 |
Total current liabilities | 630,921 | 691,799 |
Stockholders' equity | ||
Common Stock -Par Value $0.001 67,448,890 shares issued and outstanding at March 31, 2016 and December 31, 2015 | 67,449 | 67,449 |
Additional paid in capital | 3,112,230 | 3,112,230 |
Accumulated other comprehensive income | 218,134 | 167,783 |
Accumulated deficit | (3,269,364) | (3,193,704) |
Total stockholders' equity | 128,449 | 153,758 |
Total liabilities and stockholders' equity | $ 759,370 | $ 845,557 |
Consolidated Balance Sheets (U3
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Allowance for doubtful accounts receivable | $ 91,293 | $ 73,794 |
Due from affiliate | $ 556,759 | $ 557,554 |
Common stock, par value per share | $ 0.001 | $ 0.001 |
Common stock, shares issued | 67,448,890 | 67,448,890 |
Common stock, shares outstanding | 67,448,890 | 67,448,890 |
Consolidated Statements Of Oper
Consolidated Statements Of Operation And Comprehensive Loss (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Income Statement [Abstract] | ||
Net sales | $ 122,009 | $ 192,945 |
Cost of goods sold | 82,050 | 134,377 |
Gross profit | 39,959 | 58,568 |
Operating expenses | ||
Selling, general and administrative | 108,004 | 132,916 |
Total operating expenses | 108,004 | 132,916 |
Loss from operations | (68,045) | (74,348) |
Other income (expenses) | ||
Interest expense (net) | $ 2,272 | $ 3,229 |
Share of investee's operating results (net) | ||
Gain (loss) on foreign exchange, net | $ (11,072) | $ (12,260) |
Other, net | 528 | |
Loss before income tax | $ (81,389) | (89,309) |
Income tax benefit | (5,729) | (8,343) |
Net loss | $ (75,660) | $ (80,966) |
Earnings per share attributable to common stockholders: | ||
Basic and diluted per share | $ 0 | $ 0 |
Weighted average shares outstanding: | ||
Basic and diluted | 67,448,890 | 67,448,890 |
Comprehensive loss: | ||
Net loss | $ (75,660) | $ (80,966) |
Other comprehensive loss: | ||
Foreign currency translation gain(loss), net of taxes | 50,351 | 17,967 |
Comprehensive loss | $ (25,309) | $ (62,999) |
Consolidated Statement Of Cash
Consolidated Statement Of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash flows from operating activities | ||
Net (loss) | $ (75,660) | $ (80,966) |
Depreciation and amortization | 8,481 | 8,990 |
Provision for doubtful accounts | $ 15,866 | $ (2,550) |
Share of investment loss | ||
Changes in operating assets and liabilities: | ||
Accounts receivable | $ (81,596) | $ (204,327) |
Inventories | (585) | 69,363 |
Prepaid expenses and other current assets | (1,644) | 6,088 |
Accounts payable | (107,490) | (63,217) |
Accrued expenses | 157 | (2,009) |
Receipts in advance and other current liabilities | 38,164 | 65,508 |
Cash flows provided by (used for) operating activities | (36,657) | 54,632 |
Effect of exchange rate changes on cash and cash equivalents | 46,075 | 13,964 |
Net increase in cash and cash equivalents | 9,418 | 68,596 |
Beginning cash and cash equivalents | 24,129 | 75,397 |
Ending cash and cash equivalents | 33,547 | 143,993 |
Supplemental disclosure of cash flow information | ||
Cash paid during the period for: Interest | $ 2,272 | $ 3,231 |
Cash paid during the period for: Tax paid |
Nature Of Business And Basis Of
Nature Of Business And Basis Of Presentation | 3 Months Ended |
Mar. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Business and Basis of Presentation | Note 1 Nature of Business and Basis of Presentation Nature of Business Color Stars Inc. (Color Stars TW, the Subsidiary) was incorporated as a limited liability company in Taiwan, Republic of China in April 2003 and commenced its operations in May 2003. The Subsidiary is mainly engaged in manufacturing, designing and selling light-emitting diode and lighting equipment. Basis of Presentation In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair statement of the financial position, results of operations and cash flows for the three months ended March 31, 2016 and 2015 have been included. For further information, refer to the consolidated financial statements and footnotes included in the Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2015. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for any subsequent interim period or for the year ending December 31, 2016. Basis of Consolidation |
Recent Adopted Accounting Prono
Recent Adopted Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Changes and Error Corrections [Abstract] | |
Recent Adopted Accounting Pronouncements | Note 2 Recent Adopted Accounting Pronouncements Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income - |
Recently Issued Accounting Pron
Recently Issued Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2016 | |
Recently Issued Accounting Pronouncements [Abstract] | |
Recently Issued Accounting Pronouncements | Note 3 Recently Issued Accounting Pronouncements Foreign Currency Matters Foreign Currency Matters. |
Concentration Of Risk
Concentration Of Risk | 3 Months Ended |
Mar. 31, 2016 | |
Risks and Uncertainties [Abstract] | |
Concentration of Risk | Note 4 Concentration of Risk Financial instruments that potentially subject the Company to significant concentration of credit risk consist principally of accounts receivable, cash and cash equivalents. The Companys cash and cash equivalents are maintained with high quality institutions, the compositions and maturities of which are regularly monitored by management. Through March 31, 2016, the Company had not experienced any losses on such deposits. Accounts receivable include amounts due from customers primarily in the manufactory industry. The Company performs ongoing credit evaluations of its customers financial condition and limits the amount of credit extended when deemed necessary, but generally requires no collateral. The Company also maintains allowances for potential credit losses. In estimating the required allowances, the Company takes into consideration the overall quality and aging of the receivable portfolio, the existence of a limited amount of credit insurance and specifically identified customer risks. Through March 31, 2016, such losses have been within managements expectations. For the three months ended March 31, 2016, products sold to the Companys largest customer, accounted for approximately 64.23%. Products purchased from the Companys first two largest suppliers were accounted for approximately 39.39% of the total purchases. |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Note 5 Earnings Per Share Basic net loss per share is computed by dividing net loss for the period by the weighted average number of shares of common stock outstanding during the period. The following table sets forth the computation of basic and diluted net loss per share for the periods indicated: Three months ended Mar 31, 2016 2015 Net loss attributable to common stockholders $ (75,660 ) $ (80,966 ) Weighted average common stock outstanding - Basic and diluted 67,448,890 67,448,890 Earnings per share attributable to common stockholder $ .00 $ .00 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Loss | 3 Months Ended |
Mar. 31, 2016 | |
Accumulated Other Comprehensive Loss [Abstract] | |
Accumulated Other Comprehensive Loss | Note 6 Accumulated Other Comprehensive loss The components of accumulated other comprehensive loss were as follows: Foreign currency translation Balance, December 31, 2015 167,783 Foreign currency translation, net of taxes 50,351 Balance, March 31, 2016 218,134 Balance, December 31, 2014 198,581 Foreign currency translation, net of taxes 17,967 Balance, March 31, 2015 216,548 |
Long Term Investment
Long Term Investment | 3 Months Ended |
Mar. 31, 2016 | |
Schedule of Investments [Abstract] | |
Long Term Investment | Note 7 Long Term Investment March 31, December 31, 2015 Cost method investment Anteya Technology Corp Carrying value of investment at the beginning $ 109,380 $ 137,767 Share of associates loss Exchange difference 11,738 (28,387 ) Carrying value at the end 121,118 109,380 $ 121,118 $ 109,380 The Company adopted the provisions of ASC 820, which require us to determine the fair value of financial assets and liabilities using a specified fair-value hierarchy. The objective of the fair-value measurement of our financial instruments is to reflect the hypothetical amounts at which we could sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date (exit price). ASC 820 describes three levels of inputs that may be used to measure fair value, as follows: Level 1 inputs are quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability that are supported by little or no market activity and that are significant to the fair value of the underlying asset or liability. Anteya Technology Corp (Anteya) is a private company incorporated in Taiwan. The equity interest held by the Company is 13.68% on March 31, 2016. The unaudited financial information of Anteya Technology Corp. as of March 31, 2016 and December 31, 2015 and for three months ended March 31, 2016 and 2015 (in US dollars) are as follows: Balance sheet March 31, December 31, 2015 Current assets $ 4,444,766 $ 3,849,571 Non-current assets 870,520 723,833 Total assets 5,315,286 4,573,404 Current liabilities 2,258,306 1,361,178 Non-current liabilities 1,518,583 1,590,979 Stockholders equity 1,538,397 1,621,247 Total stockholders equity and liabilities $ 5,315,286 $ 4,573,404 Three months ended March 31, Statement of operation 2016 2015 Net sale $ 885,774 $ 416,265 Cost of goods sold (688,524 ) (381,758 ) Gross profit 197,250 34,507 Operating and non-operating expenses (350,410 ) (261,906 ) Net profit $ (153,160 ) $ (227,399 ) |
Inventory
Inventory | 3 Months Ended |
Mar. 31, 2016 | |
Inventory Disclosure [Abstract] | |
Inventory | Note 8 Inventory Inventories stated at the lower of cost or market value are as follows: March 31, December 31, 2015 Finished goods $ 746,566 $ 742,003 Allowance for Inventory Valuation and Obsolescence Losses (326,516 ) (321,368 ) Total $ 420,050 $ 420,635 |
Income Taxes
Income Taxes | 3 Months Ended |
Mar. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Note 9 Income Taxes The Company is subject to U.S. federal income tax as well as income tax in states and foreign jurisdictions. For the major taxing jurisdictions, the tax years 2006 through 2015 remain open for state and federal examination. The Company believes assessments, if any, would be immaterial to its consolidated financial statements. With respect to the foreign jurisdiction, the Company is no longer subject to income tax audits for the year 2015 (inclusive). The income tax provision information is provided as follows: Three months ended March 31, 2016 2015 Component of income (loss) before income taxes: United States $ (14,049 ) $ (25,612 ) Foreign (67,340 ) (63,697 ) Net loss $ (81,389 ) $ (89,309 ) Provision for income taxes Current U.S. federal State and local Foreign $ 5,729 8,343 Income tax benefit $ 5,729 $ 8,343 |
Accrued Expenses
Accrued Expenses | 3 Months Ended |
Mar. 31, 2016 | |
Payables and Accruals [Abstract] | |
Accrued Expenses | Note 10 Accrued Expenses March 31, December 31, 2015 Salaries and allowance $ 9,141 $ 8,983 Insurance 4,013 4,014 Tax payable $ 13,154 $ 12,997 |
Bank Short Term Debt
Bank Short Term Debt | 3 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
Bank Short Term Debt | Note 11 Bank Short Term Debt March 31, December 31, 2015 Bank loan payable to Taiwan banks $ 525,891 $ 517,600 The Company signed revolving credit agreements with a lending institution. The interest rate on short-term borrowings outstanding as of March 31, 2016 is 1.8% per annum, as of December 31, 2015, interest rate is 1.94% per annum. The short term debt is secured by: 1. personal guarantee from directors 2. the realty property of spouse of directors |
Geographic Information
Geographic Information | 3 Months Ended |
Mar. 31, 2016 | |
Segment Reporting [Abstract] | |
Geographic Information | Note 12 Geographic Information Product revenues for the three months ended March 31, 2016 and 2015 are as follows: Three months ended Mar 31, 2016 2015 Customers based in: Europe $ 40,708 $ 82,697 Asia 1,921 6,078 United States 78,648 104,170 Others 732 $ 122,009 $ 192,945 |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | Note 13 Related Party Transactions The Company has recorded expenses for the following related party transactions for three months ended March 31, 2016 and 2015: Three months ended March 31, 2016 2015 Purchase from Anteya Technology Corp $ 22,672 $ 33,402 Rent paid to Mr. Wei-Rur Chen 10,842 11,446 As of the balance sheet date indicated, the Company had the following liabilities recorded with respect to related party transactions: March 31, December 31, 2015 Anteya Technology Corp Due from affiliate (liabilities) $ 917 $ 712 The Company leases office space from Mr. Wei-Rur Chen which the term for the agreement is from November 2015 to November 2020. The Company conducted business with a related party company Anteya Technology Corp. The Company owns 13.68% of the outstanding common stock of Anteya Technology Corp as of March 31, 2016. All transactions were at market-based prices. |
Commitments
Commitments | 3 Months Ended |
Mar. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments | Note 14 Commitments Three months ended March 31, 2016 2015 Rent expenses $ 10,842 $ 19,973 The company leases an office in Taiwan under an operating leases. Minimum future rental payments due under non-cancelable operating leases with remaining terms at March 31, 2016 are as follows: 2016 $ 52,634 |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2016 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 15 Subsequent Events The Company evaluated all events subsequent to March 31, 2016 through the date of the issuance of the financial statements, there are no other significant or material transactions to be reported. |
Nature Of Business And Basis 21
Nature Of Business And Basis Of Presentation (Policies) | 3 Months Ended |
Mar. 31, 2016 | |
Nature Of Business And Basis Of Presentation Policies | |
Basis of Presentation | Basis of Presentation In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair statement of the financial position, results of operations and cash flows for the three months ended March 31, 2016 and 2015 have been included. For further information, refer to the consolidated financial statements and footnotes included in the Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2015. Operating results for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for any subsequent interim period or for the year ending December 31, 2016. |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Schedule of Computation of Basic and Diluted Net Loss Per Share | The following table sets forth the computation of basic and diluted net loss per share for the periods indicated: Three months ended Mar 31, 2016 2015 Net loss attributable to common stockholders $ (75,660 ) $ (80,966 ) Weighted average common stock outstanding - Basic and diluted 67,448,890 67,448,890 Earnings per share attributable to common stockholder $ .00 $ .00 |
Accumulated Other Comprehensi23
Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Accumulated Other Comprehensive Loss [Abstract] | |
Schedule of Components of Accumulated Other Comprehensive Losses | The components of accumulated other comprehensive loss were as follows: Foreign currency translation Balance, December 31, 2015 167,783 Foreign currency translation, net of taxes 50,351 Balance, March 31, 2016 218,134 Balance, December 31, 2014 198,581 Foreign currency translation, net of taxes 17,967 Balance, March 31, 2015 216,548 |
Long Term Investment (Tables)
Long Term Investment (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Schedule of Investments [Abstract] | |
Schedule of Investments Holdings | March 31, December 31, 2015 Cost method investment Anteya Technology Corp Carrying value of investment at the beginning $ 109,380 $ 137,767 Share of associates loss Exchange difference 11,738 (28,387 ) Carrying value at the end 121,118 109,380 $ 121,118 $ 109,380 |
Schedule of Unaudited Financial Information of Anteya Technology Corp. | The unaudited financial information of Anteya Technology Corp. as of March 31, 2016 and December 31, 2015 and for three months ended March 31, 2016 and 2015 (in US dollars) are as follows: Balance sheet March 31, December 31, 2015 Current assets $ 4,444,766 $ 3,849,571 Non-current assets 870,520 723,833 Total assets 5,315,286 4,573,404 Current liabilities 2,258,306 1,361,178 Non-current liabilities 1,518,583 1,590,979 Stockholders equity 1,538,397 1,621,247 Total stockholders equity and liabilities $ 5,315,286 $ 4,573,404 Three months ended March 31, Statement of operation 2016 2015 Net sale $ 885,774 $ 416,265 Cost of goods sold (688,524 ) (381,758 ) Gross profit 197,250 34,507 Operating and non-operating expenses (350,410 ) (261,906 ) Net profit $ (153,160 ) $ (227,399 ) |
Inventory (Tables)
Inventory (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Inventory Disclosure [Abstract] | |
Schedule of Inventories | Inventories stated at the lower of cost or market value are as follows: March 31, December 31, 2015 Finished goods $ 746,566 $ 742,003 Allowance for Inventory Valuation and Obsolescence Losses (326,516 ) (321,368 ) Total $ 420,050 $ 420,635 |
Income Taxes (Tables)
Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Schedule of Income Tax Provision | The income tax provision information is provided as follows: Three months ended March 31, 2016 2015 Component of income (loss) before income taxes: United States $ (14,049 ) $ (25,612 ) Foreign (67,340 ) (63,697 ) Net loss $ (81,389 ) $ (89,309 ) Provision for income taxes Current U.S. federal State and local Foreign $ 5,729 8,343 Income tax benefit $ 5,729 $ 8,343 |
Accrued Expenses (Tables)
Accrued Expenses (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Payables and Accruals [Abstract] | |
Schedule of Accrued Expenses | March 31, December 31, 2015 Salaries and allowance $ 9,141 $ 8,983 Insurance 4,013 4,014 Tax payable $ 13,154 $ 12,997 |
Bank Short Term Debt (Tables)
Bank Short Term Debt (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
Schedule of Bank Short Term Debt | March 31, December 31, 2015 Bank loan payable to Taiwan banks $ 525,891 $ 517,600 |
Geographic Information (Tables)
Geographic Information (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Segment Reporting [Abstract] | |
Schedule of Product Revenues | Product revenues for the three months ended March 31, 2016 and 2015 are as follows: Three months ended Mar 31, 2016 2015 Customers based in: Europe $ 40,708 $ 82,697 Asia 1,921 6,078 United States 78,648 104,170 Others 732 $ 122,009 $ 192,945 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Related Party Transactions [Abstract] | |
Schedule of Recorded Expenses for Related Party Transactions | The Company has recorded expenses for the following related party transactions for three months ended March 31, 2016 and 2015: Three months ended March 31, 2016 2015 Purchase from Anteya Technology Corp $ 22,672 $ 33,402 Rent paid to Mr. Wei-Rur Chen 10,842 11,446 |
Schedule of Receivables and Liabilities Recorded with Respect to Related Party Transactions | As of the balance sheet date indicated, the Company had the following liabilities recorded with respect to related party transactions: March 31, December 31, 2015 Anteya Technology Corp Due from affiliate (liabilities) $ 917 $ 712 |
Commitments (Tables)
Commitments (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Rent Expense | Three months ended March 31, 2016 2015 Rent expenses $ 10,842 $ 19,973 |
Schedule of Minimum Future Rental Payments | Minimum future rental payments due under non-cancelable operating leases with remaining terms at March 31, 2016 are as follows: 2016 $ 52,634 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Earnings Per Share [Abstract] | ||
Net loss attributable to common stockholders | $ (75,660) | $ (80,966) |
Weighted average common stock outstanding - Basic and diluted | 67,448,890 | 67,448,890 |
Earnings per share attributable to common stockholder | ||
Basic and diluted | $ 0 | $ 0 |
Accumulated Other Comprehensi33
Accumulated Other Comprehensive Loss (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Balance | $ 167,783 | |
Foreign currency translation, net of taxes | 50,351 | $ 17,967 |
Balance | 218,134 | |
Foreign Currency Translation [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Balance | 167,783 | 198,581 |
Foreign currency translation, net of taxes | 50,351 | 17,967 |
Balance | $ 218,134 | $ 216,548 |
Long Term Investment (Schedule
Long Term Investment (Schedule Of Investments Holdings) (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Cost method investment - Anteya Technology Corp | ||
Net value | $ 121,118 | $ 109,380 |
Cost Method Investments [Member] | Anteya Technology Corp [Member] | ||
Cost method investment - Anteya Technology Corp | ||
Carrying value of investment at the beginning | $ 109,380 | $ 137,767 |
Share of associate's loss | ||
Exchange difference | $ 11,738 | $ (28,387) |
Carrying value at the end | $ 121,118 | $ 109,380 |
Long Term Investment (Schedul35
Long Term Investment (Schedule Of Unaudited Financial Information - Balance Sheets) (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Balance sheet | ||
Current assets | $ 565,555 | $ 658,308 |
Total assets | 759,370 | 845,557 |
Current liabilities | 630,921 | 691,799 |
Stockholders' equity | 128,449 | 153,758 |
Total stockholders' equity and liabilities | 759,370 | 845,557 |
Cost Method Investments [Member] | Anteya Technology Corp [Member] | ||
Balance sheet | ||
Current assets | 4,444,766 | 3,849,571 |
Non-current assets | 870,520 | 723,833 |
Total assets | 5,315,286 | 4,573,404 |
Current liabilities | 2,258,306 | 1,361,178 |
Non-current liabilities | 1,518,583 | 1,590,979 |
Stockholders' equity | 1,538,397 | 1,621,247 |
Total stockholders' equity and liabilities | $ 5,315,286 | $ 4,573,404 |
Long Term Investment (Schedul36
Long Term Investment (Schedule Of Unaudited Financial Information - Statement Of Operation) (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Statement of operation | ||
Net sale | $ 122,009 | $ 192,945 |
Cost of goods sold | 82,050 | 134,377 |
Gross profit | 39,959 | 58,568 |
Net loss | (75,660) | (80,966) |
Cost Method Investments [Member] | Anteya Technology Corp [Member] | ||
Statement of operation | ||
Net sale | 885,774 | 416,265 |
Cost of goods sold | (688,524) | (381,758) |
Gross profit | 197,250 | 34,507 |
Operating and non-operating expenses | (350,410) | (261,906) |
Net loss | $ (153,160) | $ (227,399) |
Inventory (Details)
Inventory (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Inventory Disclosure [Abstract] | ||
Finished goods | $ 746,566 | $ 742,003 |
Allowance for Inventory Valuation and Obsolescence Losses | 326,516 | 321,368 |
Total | $ 420,050 | $ 420,635 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Component of income (loss) before income taxes: | ||
United States | $ (14,049) | $ (25,612) |
Foreign | (67,340) | (63,697) |
Net loss | $ (81,389) | $ (89,309) |
Provision for income taxes Current | ||
U.S. federal | ||
State and local | ||
Foreign | $ 5,729 | $ 8,343 |
Income tax benefit | $ 5,729 | $ 8,343 |
Accrued Expenses (Details)
Accrued Expenses (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Payables and Accruals [Abstract] | ||
Salaries and allowance | $ 9,141 | $ 8,983 |
Insurance | $ 4,013 | $ 4,014 |
Tax payable | ||
Total accrued expenses | $ 13,154 | $ 12,997 |
Bank Short Term Debt (Details)
Bank Short Term Debt (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Line of Credit Facility [Line Items] | ||
Bank loan payable to Taiwan banks | $ 525,891 | $ 517,600 |
Revolving Credit Agreement With Taiwan Banks [Member] | ||
Line of Credit Facility [Line Items] | ||
Bank loan payable to Taiwan banks | $ 525,891 | $ 517,600 |
Geographic Information (Details
Geographic Information (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Customers based in: | ||
Product revenues | $ 122,009 | $ 192,945 |
Europe [Member] | ||
Customers based in: | ||
Product revenues | 40,708 | 82,697 |
Asia [Member] | ||
Customers based in: | ||
Product revenues | 1,921 | 6,078 |
United States [Member] | ||
Customers based in: | ||
Product revenues | 78,648 | $ 104,170 |
Others [Member] | ||
Customers based in: | ||
Product revenues | $ 732 |
Related Party Transactions (Sch
Related Party Transactions (Schedule Of Recorded Expenses For Related Party Transactions) (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Anteya Technology Corp [Member] | ||
Related Party Transaction [Line Items] | ||
Purchase from Anteya Technology Corp | $ 22,672 | $ 33,402 |
Mr. Wei-Rur Chen [Member] | ||
Related Party Transaction [Line Items] | ||
Rent paid to Mr. Wei-Rur Chen | $ 10,842 | $ 11,446 |
Related Party Transactions (S43
Related Party Transactions (Schedule of Receivables and Liabilities Recorded with Related Party) (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Related Party Transaction [Line Items] | ||
Due from affiliate (liabilities) | $ 556,759 | $ 557,554 |
Anteya Technology Corp [Member] | ||
Related Party Transaction [Line Items] | ||
Due from affiliate (liabilities) | $ 917 | $ 712 |
Commitments (Schedule Of Rent E
Commitments (Schedule Of Rent Expense) (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | ||
Rent expenses | $ 10,842 | $ 19,973 |
Commitments (Schedule Of Minimu
Commitments (Schedule Of Minimum Future Rental Payments) (Details) | Mar. 31, 2016USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
2,016 | $ 52,634 |
Nature Of Business And Basis 46
Nature Of Business And Basis Of Presentation (Narrative) (Details) | Mar. 31, 2016 |
Colorstars Inc [Member] | |
Percentage of shares owned by ColorStars Group | 100.00% |
Concentration Of Risk (Narrativ
Concentration Of Risk (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2016 | |
Largest Customer [Member] | Sales Revenue [Member] | |
Concentration Risk [Line Items] | |
Concentration risk, percentage | 64.23% |
First Two Largest Supplier [Member] | Purchases [Member] | |
Concentration Risk [Line Items] | |
Concentration risk, percentage | 39.39% |
Long Term Investment (Narrative
Long Term Investment (Narrative) (Details) | Mar. 31, 2016 |
Cost Method Investments [Member] | Anteya Technology Corp [Member] | |
Summary of Investment Holdings [Line Items] | |
Equity method investment, percentage of ownership | 13.68% |
Bank Short Term Debt (Narrative
Bank Short Term Debt (Narrative) (Details) - Revolving Credit Agreement With Taiwan Banks [Member] | 3 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2015 | |
Line of Credit Facility [Line Items] | ||
Interest rate on short-term borrowings | 1.80% | 1.94% |
Debt security description | The short term debt is secured by: 1. personal guarantee from directors 2. the realty property of spouse of directors |
Related Party Transactions (Nar
Related Party Transactions (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2016 | |
Mr. Wei-Rur Chen [Member] | |
Related Party Transaction [Line Items] | |
Office space lease agreement terms | The Company leases office space from Mr. Wei-Rur Chen which the term for the agreement is from November 2015 to November 2020. |