Scientific Energy (SCGY) 10-K/A 21 May 20 2019 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	May 13, 2020	Jun. 30, 2019
Details
Registrant CIK	0001276531
Fiscal Year End	--12-31
Document Type	10-K/A
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Transition Report	false
Entity File Number	000-50559
Entity Registrant Name	SCIENTIFIC ENERGY, INC
Entity Incorporation, State or Country Code	UT
Entity Tax Identification Number	87-0680657
Entity Address, Address Line One	27 Weldon Street
Entity Address, City or Town	Jersey City
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07306
Entity Address, Address Description	Address of principal executive offices
City Area Code	852
Local Phone Number	2530 -2089
Phone Fax Number Description	Registrant’s telephone number
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 1,600
Entity Common Stock, Shares Outstanding		114,915,852
Amendment Description	To correct an error on the date of Auditor's Report
Amendment Flag	true
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)		Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents		$ 84,629	$ 153,041
Prepaid expense and other receivables		2,800	7,087
Total current assets		87,429	160,128
Non-current assets:
Joint venture		0	0
Property, plant and equipment, net		1,834	1,263
Right to use assets, net		13,724	0
Deposits		20,276	20,264
Total non-current assets		35,834	21,527
Total assets		123,263	181,655
Current liabilities:
Accounts payable and accrued expenses		1,159,871	1,154,007
Lease liability		13,724	0
Note payable		223,000	100,000
Stock subscription payables		676,683	347,000
Total current liabilities		2,073,278	1,601,007
Commitments and Contingencies (Note 12)	[1]	0	0
Stockholders' deficit:
Preferred Stock, Value		0	0
Common Stock, Value		1,149,159	1,149,159
Additional paid in capital		5,734,030	5,734,030
Accumulated deficit		(8,839,572)	(8,295,259)
Accumulated other comprehensive loss		6,368	(7,282)
Total stockholders' deficit		(1,950,015)	(1,419,352)
Total liabilities and stockholders' deficit		$ 123,263	$ 181,655
[1]	See Note 12.

Consolidated Balance Sheets - P

Consolidated Balance Sheets - Parenthetical - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Details
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	25,000,000	25,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	114,915,852	114,915,852
Common Stock, Shares, Outstanding	114,915,852	114,915,852

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
REVENUE	$ 0	$ 0
COST OF REVENUE	0	0
GROSS PROFIT	0	0
OPERATING EXPENSES:
Selling, general and administrative expenses	522,831	341,052
Depreciation	775	332
Total operating expenses	523,606	341,384
NET LOSS FROM OPERATIONS	(523,606)	(341,384)
Other income (expense):
Share of (expense) income from unconsolidated entities	(12,839)	0
Interest (expense) income, net	(7,868)	(1,520)
Net loss before provision for income taxes	(544,313)	(342,904)
Income taxes	0	0
NET LOSS	(544,313)	(342,904)
OTHER COMPREHENIVE LOSS:
Foreign translation (loss) gain	13,650	(1,239)
Comprehensive loss	$ (530,663)	$ (344,143)
Net loss per common share, basic and diluted	$ (0.005)	$ (0.003)
Weighted average common shares outstanding, basic and diluted	114,915,852	114,915,852

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Deficit - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	AOCI Including Portion Attributable to Noncontrolling Interest	Total
Equity Balance, Starting at Dec. 31, 2017	$ 1,149,159	$ 5,734,030	$ (7,952,355)	$ (6,043)	$ (1,075,209)
Shares Outstanding, Starting at Dec. 31, 2017	114,915,852
Foreign currency transaction income (loss)	$ 0	0	0	(1,239)	(1,239)
Net Income (Loss)	0	0	(342,904)	0	(342,904)
Equity Balance, Ending at Dec. 31, 2018	$ 1,149,159	5,734,030	(8,295,259)	(7,282)	(1,419,352)
Shares Outstanding, Ending at Dec. 31, 2018	114,915,852
Foreign currency transaction income (loss)	$ 0	0	0	13,650	13,650
Net Income (Loss)	0	0	(544,313)	0	(531,474)
Equity Balance, Ending at Dec. 31, 2019	$ 1,149,159	$ 5,734,030	$ (8,839,572)	$ 6,368	$ (1,950,015)
Shares Outstanding, Ending at Dec. 31, 2019	114,915,852

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (544,313)	$ (342,904)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	775	332
Share of expense from unconsolidated entities	12,839	0
Deposits	(12)	(5,600)
Prepaid expenses and other receivables	4,287	575
Accounts payable and accrued expenses	5,864	2,227
Net cash used in operating activities	(520,560)	(345,370)
CASH FLOWS FROM INVESTING ACTIVITIES:
Investments in unconsolidated entities	(12,839)	0
Purchase of equipment	(1,346)	(1,595)
Net cash used in investing activities	(14,185)	(1,595)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from note payable	123,000	100,000
Proceeds from subscription received	329,683	347,000
Net cash provided by financing activities	452,683	447,000
Effect of currency rate changes on cash	13,650	(1,194)
Net (decrease) / increase in cash and cash equivalents	(68,412)	98,841
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	153,041	54,200
Cash and Cash Equivalents, at Carrying Value, Ending Balance	84,629	153,041
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid / (received), net	7,868	1,520
Income taxes paid	0	0
Non cash financing activities:
Record right to use assets upon adoption of ASC 842	13,724	0
Record lease liabilities upon adoption of ASC 842	$ 13,724	$ 0

NOTE 1 - ORGANIZATION AND PRINC

NOTE 1 - ORGANIZATION AND PRINCIPAL ACTIVITIES	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 1 - ORGANIZATION AND PRINCIPAL ACTIVITIES	NOTE 1 – ORGANIZATION AND PRINCIPAL ACTIVITIES Scientific Energy, Inc., (the "Company") was incorporated under the laws of the State of Utah on May 30, 2001. Prior to August 2011, the Company was principally devoted to the buying and selling of various types and grades of graphite, such as medium- and high-carbon graphite, high-purity graphite, micro-powder graphite and expandable graphite. In August 2011, the Company decided to engage in a business of e-commerce platform. Currently the Company is in the process of developing a website, which provides an e-commerce platform, where registered members can exchange goods and services. On March 28, 2006, the Company set up a wholly owned subsidiary, PDI Global Limited (“PDI”), which was incorporated in the British Virgin Islands in order to engage in a business of e-commerce platform. In January 2008, the Company entered into a joint venture agreement with China Resources Development Group Ltd., a Hong Kong company. Under the agreement, a joint venture company, Kabond Investments Ltd (the “JVC”), was established in Hong Kong, and the Company invested $39.6 million Hong Kong dollars (approximately $5.09 million) into the JVC for 72% of the JVC’s capital shares, and China Resources Development Group Ltd., jointly with its partner, invested $15.4 million Hong Kong dollars (approximately $1.98 million) into the JVC to receive 28% of the JVC’s capital shares. In December 2008, all equity interest of the JVC owned by the Company was sold to a third party for $39.6 million Hong Kong dollars (approximately $5,109,743). In January 2009, the Company through its wholly-owned subsidiary, PDI, entered into a joint venture agreement with China Resources Development Group Ltd. Under the agreement, the Company agreed to invest $43,040,000 Hong Kong dollars (approximately $5.55 million) into a joint venture company Sinoforte Ltd. in Hong Kong (“Sinoforte”). The Company got 80% of Sinoforte's capital shares, and China Resources invested $10,222,000 Hong Kong dollars, approximately $1,318,967, and another investor invested $538,000 Hong Kong dollars, or approximately $69,419, into Sinoforte for 19% and 1% of Sinoforte's capital shares, respectively. The main business of Sinoforte was trading mineral products such as graphite produced in China. In June 2009 and September 2009, respectively, China Resources and the other minority investor cancelled their investments in Sinoforte, and the full amount of their original investments was returned. As a result, Sinoforte became a wholly-owned subsidiary of PDI. On February 28, 2012, the Company set up a wholly-owned subsidiary, Makeliving Ltd., which was incorporated in the Cayman Islands in order to engage in a business of e-commerce platform. On January 23, 2018, the Company entered into an agreement with Cityhill Limited, a wholly owned subsidiary of South Sea Petroleum Holdings Limited, a Hong Kong listed public company, pursuant to which parties agreed to establish a joint venture (the “Joint Venture”). Each party owns 50% equity interest in the Joint Venture respectively.

NOTE 2 - SUMMARY OF SIGNIFICANT

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying audited consolidated financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the accounting and disclosure rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). In the opinion of management, all adjustments (consisting of normal recurring adjustments) have been made that are necessary to present fairly the financial position, and the results of its operations and its cash flows. Operating results as presented are not necessarily indicative of the results to be expected for a full year. The Company's consolidated financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not generated significant revenues since 2011 and is unlikely to generate significant earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the ability of the Company to obtain necessary equity financing to continue operations and the attainment of profitable operations. The management will seek to raise funds from shareholders. The accompanying consolidated financial statements present the financial position and the results of operations of the Company and its 100% owned subsidiaries, Makeliving, Ltd. and PDI. PDI, in turn, is the 100% owner and consolidates Sinoforte Limited. All significant intercompany transactions and balances have been eliminated in consolidation. Revenue Recognition The Company recognizes revenue when: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed or determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related revenue is recorded. The Company defers any revenue for which the product has not been delivered or services have not been rendered or are subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or services have been rendered or no refund will be required. Revenues on the sale of products, net of estimated costs of returns and allowance, are recognized at the time products are shipped to customers, legal title has passed, and all significant contractual obligations of the Company have been satisfied. Products are generally sold on open accounts under credit terms customary to the geographic region of distribution. The Company performs ongoing credit evaluations of the customers and generally does not require collateral to secure the accounts receivable. The Company is exploring web based e-commerce to bring buyers and sellers together recognizing revenue as commissions on closed transactions. Segment information ASC 280-10 establishes standards for reporting information regarding operating segments in annual financial statements and requires selected information for those segments to be presented in interim financial reports issued to stockholders. ASC 280-10 also establishes standards for related disclosures about products and services and geographic areas. Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision maker, or decision-making group, in making decisions how to allocate resources and assess performance. All sales and substantial assets of the Company are in China. The Company applies the management approach to the identification of our reportable operating segments as provided in accordance with ASC 280-10. The information disclosed herein materially represents all of the financial information related to the Company’s principal operating segment. Use of Estimates The preparation of the consolidated consolidated Concentration of Credit Risk The Company’s financial instruments that are exposed to a concentration of credit risk are cash and accounts receivable. Generally, the Company’s cash and cash equivalents in interest-bearing accounts may exceed FDIC insurance limits. The financial stability of these institutions is periodically reviewed by senior management. As of December 31, 2019, and December 31, 2018, the Company maintained $51,372 and $87,465 in foreign bank accounts not subject to FDIC coverage The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. Cash and Cash Equivalents For purposes of the statements of cash flows, cash and cash equivalents include cash on hand and demand deposits held by banks. Comprehensive Income (Loss) The Company adopted Accounting Standards Codification subtopic 220-10, Comprehensive Income (“ASC 220-10”) which establishes standards for the reporting and displaying of comprehensive income and its components. Comprehensive income is defined as the change in equity of a business during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. ASC 220-10 requires other comprehensive income (loss) to include foreign currency translation adjustments. Foreign Currency Translation The Company translates the foreign currency consolidated The consolidated The cumulative translation adjustment is included in the accumulated other comprehensive gain (loss) within stockholders’ equity (deficit). Foreign currency transaction gains and losses arising from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the consolidated results of operations. The exchange rates used to translate amounts in HKD into US Dollars for the purposes of preparing the consolidated financial statements were as follows: December 31, 2019 December 31, 2018 Exchange rate on balance sheet dates USD : HKD exchange rate 7.7889 7.8307 Year endedDecember 31, 2019 Year EndedDecember 31, 2018 Average exchange rate for the period USD : HKD exchange rate 7.8350 7.8377 Property, plant and equipment The estimated useful lives of property, plant and equipment are as follows: Office equipment 3 years Furniture and fixtures 3 years Vehicles 4 years The Company evaluates the carrying value of items of property, plant and equipment to be held and used whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The carrying value of an item of property, plant and equipment is considered impaired when the projected undiscounted future cash flows related to the asset are less than its carrying value. The Company measures impairment based on the amount by which the carrying value of the respective asset exceeds its fair value. Fair value is determined primarily using the projected future cash flows discounted at a rate commensurate with the risk involved. Fair Value Measurements ASC Topic 820 defines fair value, establishes a framework for measuring fair value and enhances disclosure requirements for fair value measurements. This topic does not require any new fair value measurements. ASC Topic 820 defines fair value as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, ASC Topic 820 establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 — Other inputs that is directly or indirectly observable in the marketplace. Level 3 — Unobservable inputs which are supported by little or no market activity. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Earnings (Loss) Per Share Earnings Per Share (‘EPS”) is computed by dividing net income available to common stockholders by the weighted average number of common stock shares outstanding during the year. Diluted EPS is computed by dividing net income available to common stockholders by the weighted average number of common stock shares outstanding during the year plus potential dilutive instruments such as stock options and warrants. The effect of stock options on diluted EPS is determined through the application of the treasury stock method, whereby proceeds received by the Company based on assumed exercises are hypothetically used to repurchase the Company's common stock at the average market price during the period. The Company has no stock options, warrants or other potentially dilutive instruments outstanding at December 31, 2019 and 2018. Investment in Unconsolidated Joint Ventures The Company entered into a JV agreement with an independent third party, to form a JV company. The joint venture agreement provides the Company with only the rights to the assets and obligation for the liabilities of the joint arrangement resting primarily with the JV. In adopting ASC Topic 323, Investments - Equity Method and Joint Ventures (Topic 323), the Company’s investment in joint venture is accounted for using the equity method. Lease liabilities In adopting ASC Topic 842, Leases (Topic 842), the Company has elected the ‘package of practical expedients’, which permit it not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter is not applicable to the Company. In addition, the Company elected not to apply ASC Topic 842 to arrangements with lease terms of 12 month or less. In determining the length of the lease term to its long term lease, the Company determined it did not have an option to extend either lease. Recent Accounting Pronouncements In February 2016, the FASB established ASC Topic 842, Leases (Topic 842), by issuing ASU No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. Topic 842 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842, Leases; and ASU No. 2018-11, Targeted Improvements. The new standard establishes a right-of-use (ROU) model that requires a lessee to recognize a ROU asset and lease liability on the balance sheet. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the statement of operations. The Company adopted the new standard on January 1, 2019. The new standard provides a number of optional practical expedients in transition. The Company has elected the ‘package of practical expedients’, which permit it not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter is not applicable to the Company. The new standard had a material effect on the Company’s financial statements. The most significant effects of adoption relate to (1) the recognition of new ROU assets and lease liabilities on its balance sheet for real estate operating leases; and (2) providing significant new disclosures about its leasing activities. Upon adoption, the Company recognized additional operating lease liabilities of approximately $95,000 based on the present value of the remaining minimum rental payments under current leasing standards for existing operating leases. The Company also recognized corresponding ROU assets of approximately $95,000. The new standard also provides practical expedients for an entity’s ongoing accounting. The Company elected the short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, the Company will not recognize ROU assets or lease liabilities, and this includes not recognizing ROU assets or lease liabilities for existing short-term leases of those assets in transition. Beginning in 2019, the Company changed to its disclosed lease recognition policies and practices, as well as to other related financial statement disclosures due to the adoption of this standard. See Note 5. The Company has considered all other new accounting pronouncements and has concluded that there are no new pronouncements that may have a material impact on results of operations, financial condition, or cash flows, based on current information. New accounting pronouncements not yet effective: In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 amends the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses. The new accounting standard will be effective for the fiscal year beginning on January 1, 2020, including interim periods within that year. The Group does not expect that adoption of this standard will have a material impact on its consolidated financial statements.

NOTE 3 - GOING CONCERN

NOTE 3 - GOING CONCERN	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 3 - GOING CONCERN	NOTE 3 – GOING CONCERN As shown in the accompanying consolidated financial statements, the Company has generated a net loss of $531,474 and an accumulated deficit of $8,839,572 as of December 31, 2019. The Company also experienced insufficient cash flows from operations and will be required continuous financial support from the shareholders. The Company will need to raise capital to fund its operations until it is able to generate sufficient revenue to support the future development. Moreover, the Company may be continuously raising capital through the sale of debt and equity securities. The Company’s ability to achieve these objectives cannot be determined at this stage. If the Company is unsuccessful in its endeavors, it may be forced to cease operations. These consolidated financial statements do not include any adjustments that might result from this uncertainty which may include adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern. These factors have raised substantial doubt about the Company’s ability to continue as a going concern. There can be no assurances that the Company will be able to obtain adequate financing or achieve profitability. These consolidated

NOTE 4 - PROPERTY, PLANT AND EQ

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 4 - PROPERTY, PLANT AND EQUIPMENT	NOTE 4 – PROPERTY, PLANT AND EQUIPMENT Furniture and equipment as of December 31, 2019 and 2018 is summarized as follows: December 31, December 31, 2019 2018 Office furniture and fixtures $ 678 $ 676 Office equipment 9,952 8,588 Vehicles 164,519 163,641 Less: accumulated depreciation (173,315 ) (171,642 ) Property, plant and equipment, net $ 1,834 $ 1,263 Depreciation expense for the years ended December 31, 2019 and 2018 was $775 and $332, respectively.

NOTE 5 - RIGHT TO USE ASSETS AN

NOTE 5 - RIGHT TO USE ASSETS AND LEASE LIABILITY	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 5 - RIGHT TO USE ASSETS AND LEASE LIABILITY	NOTE 5 – RIGHT TO USE ASSETS AND LEASE LIABILITY Effective June 1, 2018, the Company entered into a two-year lease for approximately 250 square feet in New York City, New York, expiring May 31, 2020 with monthly payments of $2,800 per month. In addition, the Company entered into a two-year lease for office space of approximately 770 square feet in Hong Kong, expiring January 10, 2020, with monthly payments of approximately $4,371 per month. The Company has an option to extend the leases for an additional (option) terms. At lease commencement dates, the Company estimated the lease liability and the right of use assets at present value using the Company’s estimated incremental borrowing rate of 8% and determined the initial present value, at inception, of $160,240. On January 1, 2019, upon adoption of ASC Topic 842, the Company recorded right to use assets (net) of $95,111 and lease liability of $95,111. Right to use assets is summarized below: December 31, 2019 New York $ 62,322 Hong Kong 97,918 Subtotal 160,240 Less accumulated depreciation (146,516 ) Right to use assets, net $ 13,724 During the year ended December 31, 2019 and 2018, the Company recorded $81,066 and $57,409 as lease expense to current period operations. Lease liability is summarized below: December 31, 2019 New York $ 13,724 Hong Kong - Total lease liability 13,724 Less: short term portion (13,724 ) Long term portion $ - Maturity analysis under these lease agreements are as follows: Year ended December 31, 2020 $ 14,000 Less: Present value discount (276 ) Lease liability $ 13,724 Lease expense for the year ended December 31, 2019 was comprised of the following: Operating lease expense $ 65,457 Short-term lease expense 15,609 $ 81,066

NOTE 6 - NOTE PAYABLE

NOTE 6 - NOTE PAYABLE	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 6 - NOTE PAYABLE	NOTE 6 – NOTE PAYABLE In May 2018, the Company issued an unsecured note payable for $35,000 bearing interest at 5.0% per annum, payable monthly and due on July 1, 2019. The Company entered into an Extension Agreement in order to extend the due date of the note payable for all outstanding principal and accrued and unpaid interest due to November 18, 2020. In November 2018, the Company issued an unsecured note payable for $65,000 bearing interest at 5.0% per annum, payable monthly and due on November 18, 2020. In July 2019, the Company issued an unsecured note payable for $123,000 bearing interest at 5.0% per annum, payable monthly and due on July 9, 2021. The above accrued interests are included in accrued expenses and payable on the maturity date.

NOTE 7 - STOCK SUBCRIPTION PAYA

NOTE 7 - STOCK SUBCRIPTION PAYABLES	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 7 - STOCK SUBCRIPTION PAYABLES	NOTE 7 – STOCK SUBCRIPTION PAYABLES During the year ended December 31, 2019 and 2018, the Company received deposits of $676,683 (HK$5,300,319) and $347,000 (HK$2,713,897) respectively, from non-related parties with intentions to purchase the Company’s common stock. However, the transactions have not yet completed and therefore has been classified outside of equity for financial statement presentation. The deposits received are non-interest bearing and due on demand, if the transaction does not consummate.

NOTE 8 - CAPITAL STOCK

NOTE 8 - CAPITAL STOCK	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 8 - CAPITAL STOCK	NOTE 8 – CAPITAL STOCK The Company is authorized to issue 500,000,000 shares of common stock, $0.01 par value, and 25,000,000 shares of preferred stock, $0.01 par value. As of December 31, 2019, and 2018, there were 114,915,852 shares of the Company’s common stock issued and outstanding, and none of the preferred shares were issued and outstanding. As of December 31, 2019, Kelton Capital Group Ltd. owned 31,190,500 shares or 27.2% of the Company’s common stock, and Aspect Group Limited owned 20,000,000 shares, or 17.4% of the Company’s common stock. Other than Kelton Capital Group Ltd and Aspect Group Ltd, no person owns 5% or more of the Company’s issued and outstanding shares.

NOTE 9 - LOSS PER SHARE

NOTE 9 - LOSS PER SHARE	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 9 - LOSS PER SHARE	NOTE 9 – LOSS PER SHARE The following table sets forth the computation of basic and diluted loss per common share for the year ended December 31, 2019 and 2018, respectively: Schedule of Loss Per Share For the Years Ended December 31, 2019 2018 Numerator - basic and diluted Net loss $ (544,313) $ (342,904) Denominator Weighted average number of common shares outstanding —basic and diluted 114,915,852 114,915,852 Loss per common share — basic and diluted $ (0.005) $ (0.003)

NOTE 10 - INCOME TAXES

NOTE 10 - INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 10 - INCOME TAXES	NOTE 10 - INCOME TAXES The Company has adopted Accounting Standards Codification subtopic 740-10, Income Taxes (“ASC 740-10”) which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of events that have been included in the consolidated consolidated For the year ended December 31, 2019, the Company's realized net taxable income which offset existing deferred tax assets relating to net operating losses, was offset further (100%) by the valuation allowance. Other temporary differences are expected to be immaterial. Therefore there were no expected income taxes, either current or deferred, reflected in the income statement. At December 31, 2019, the Company has available for U.S. federal income tax purposes a net operating loss carryforward of approximately $5,600,000, expiring within 20 years, that may be used to offset future taxable income. The Company has provided a valuation reserve against the full amount of the net operating loss benefit, since in the opinion of management based upon the earnings history of the Company; it is more likely than not that the benefits will not be realized. Due to possible significant changes in the Company's ownership, the future use of its existing net operating losses may be limited. Components of deferred tax assets as of December 31, 2019 are as follows. All or a portion of the remaining valuation allowance may be reduced in future years based on an assessment of earnings sufficient to fully utilize these potential tax benefits. The Company and its subsidiaries file separate income tax returns. The United States of America Scientific Energy, Inc. is incorporated in the State of Utah in the U.S., and is subject to a gradual U.S. federal corporate income tax of 21%. The State of Utah does not impose any corporate state income tax. As of December 31, 2019, future net operation losses of approximately $0.10 million are available to offset future operating income through 2039. British Virgin Islands PDI Global Limited and Makeliving Limited are incorporated in the British Virgin Islands. Under the current laws of the British Virgin Islands, PDI Global Limited and Makeliving Limited are not subjected to tax on income or capital gains. Hong Kong Sinoforte Limited is incorporated in Hong Kong and Hong Kong’s profits tax rate is 8.25% for the first HK$2 million of profits of qualifying corporations, and profits above HK$2 million will be taxed at 16.5%. Sinoforte Limited did not earn any income that was derived in Hong Kong for the years ended December 31, 2019 and 2018, and therefore, Sinoforte Limited was not subjected to Hong Kong profits tax. At December 31, 2019 and 2018, the significant components of the deferred (tax assets) liabilities are summarized below: Schedule of Income Taxes Deferred Tax Assets: December 31, 2019 December 31, 2018 Net operating loss carryforward $ (531,474) $ (342,904) Inventory obsolescence - - Total deferred tax assets (531,474) (342,904) Valuation allowance 531,474 342,904 Net deferred tax assets $ - $ - The Company is subject to income tax holidays with respect to its Asian operations, and accordingly has recognized no provision for foreign income taxes. Rate Reconciliation: December 31, 2019 December 31, 2018 Book losses (worldwide) at federal statutory rate (21%) $ 25,995 $ 20,864 Hong Kong Profit Tax rate (8.25%) 33,634 39,593 Change in valuation allowance (59,629) (60,457) Net expense (benefit) $ - $ - The net deferred tax asset generated by the U.S. loss carry-forward has been fully reserved. The Company recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. During the years ended December 31, 2019 and 2018, the Company recognized no interest and penalties. The Company had no accruals for interest and penalties at December 31, 2019 and 2018. Tax years from 2014 through 2018 are open to examination by the taxing authorities.

NOTE 11 - JOINT VENTURE

NOTE 11 - JOINT VENTURE	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 11 - JOINT VENTURE	NOTE 11 - JOINT VENTURE Gold Gold Gold Limited (“JV”) was created in February 2018. The Company entered into a JV agreement with primary activity of trading of gold. The Company injected $12,839 (HK$100,000) to the JV during the year. The Company shared the operating loss from JV of $12,839 during the year. Summarized financial information for joint venture is as follows: Balance Sheets: December 31, 2019 Account receivables $ 406,412 Inventory 259,051 Cash and cash equivalents 957,207 Total assets 1,622,670 Other payable (1,370,019 ) Customer deposit (2,169,378 ) Total liabilities (3,539,397 ) Net liabilities $ (1,916,727 ) Statement of Operations: December 31, 2019 Revenue $ - Operating expense (1,933,051 ) Net loss from operations (1,933,051 ) Other income (expense): Interest (expense) income, net 2,089 Net loss $ (1,930,962 )

NOTE 12 - COMMITMENTS AND CONTI

NOTE 12 - COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 12 - COMMITMENTS AND CONTINGENCIES	NOTE 12 - COMMITMENTS AND CONTINGENCIES Capital commitment As of December 31, 2018 and 2019, no capital commitment was expected. Legal Proceeding As of December 31, 2019, the Company is not aware of any material outstanding claim and litigation against them.

NOTE 13 - SUBSEQUENT EVENTS

NOTE 13 - SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2019
Notes
NOTE 13 - SUBSEQUENT EVENTS	NOTE 13 - SUBSEQUENT EVENTS In accordance with ASC 855, “Subsequent Events,” the Company has evaluated subsequent events through the date of filing. No material subsequent events were noted.

NOTE 2 - SUMMARY OF SIGNIFICA_2

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Basis of Presentation	Basis of Presentation The accompanying audited consolidated financial statements of the Company are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the accounting and disclosure rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”). In the opinion of management, all adjustments (consisting of normal recurring adjustments) have been made that are necessary to present fairly the financial position, and the results of its operations and its cash flows. Operating results as presented are not necessarily indicative of the results to be expected for a full year. The Company's consolidated financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not generated significant revenues since 2011 and is unlikely to generate significant earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the ability of the Company to obtain necessary equity financing to continue operations and the attainment of profitable operations. The management will seek to raise funds from shareholders. The accompanying consolidated financial statements present the financial position and the results of operations of the Company and its 100% owned subsidiaries, Makeliving, Ltd. and PDI. PDI, in turn, is the 100% owner and consolidates Sinoforte Limited. All significant intercompany transactions and balances have been eliminated in consolidation.

NOTE 2 - SUMMARY OF SIGNIFICA_3

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Revenue Recognition (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Revenue Recognition	Revenue Recognition The Company recognizes revenue when: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed or determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management’s judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related revenue is recorded. The Company defers any revenue for which the product has not been delivered or services have not been rendered or are subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or services have been rendered or no refund will be required. Revenues on the sale of products, net of estimated costs of returns and allowance, are recognized at the time products are shipped to customers, legal title has passed, and all significant contractual obligations of the Company have been satisfied. Products are generally sold on open accounts under credit terms customary to the geographic region of distribution. The Company performs ongoing credit evaluations of the customers and generally does not require collateral to secure the accounts receivable. The Company is exploring web based e-commerce to bring buyers and sellers together recognizing revenue as commissions on closed transactions.

NOTE 2 - SUMMARY OF SIGNIFICA_4

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Segment information (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Segment information	Segment information ASC 280-10 establishes standards for reporting information regarding operating segments in annual financial statements and requires selected information for those segments to be presented in interim financial reports issued to stockholders. ASC 280-10 also establishes standards for related disclosures about products and services and geographic areas. Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision maker, or decision-making group, in making decisions how to allocate resources and assess performance. All sales and substantial assets of the Company are in China. The Company applies the management approach to the identification of our reportable operating segments as provided in accordance with ASC 280-10. The information disclosed herein materially represents all of the financial information related to the Company’s principal operating segment.

NOTE 2 - SUMMARY OF SIGNIFICA_5

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Use of Estimates (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Use of Estimates	Use of Estimates The preparation of the consolidated consolidated

NOTE 2 - SUMMARY OF SIGNIFICA_6

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Concentration of Credit Risk (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Concentration of Credit Risk	Concentration of Credit Risk The Company’s financial instruments that are exposed to a concentration of credit risk are cash and accounts receivable. Generally, the Company’s cash and cash equivalents in interest-bearing accounts may exceed FDIC insurance limits. The financial stability of these institutions is periodically reviewed by senior management. As of December 31, 2019, and December 31, 2018, the Company maintained $51,372 and $87,465 in foreign bank accounts not subject to FDIC coverage The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements.

NOTE 2 - SUMMARY OF SIGNIFICA_7

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Cash and Cash Equivalents (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statements of cash flows, cash and cash equivalents include cash on hand and demand deposits held by banks.

NOTE 2 - SUMMARY OF SIGNIFICA_8

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Comprehensive Income (Loss) (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Comprehensive Income (Loss)	Comprehensive Income (Loss) The Company adopted Accounting Standards Codification subtopic 220-10, Comprehensive Income (“ASC 220-10”) which establishes standards for the reporting and displaying of comprehensive income and its components. Comprehensive income is defined as the change in equity of a business during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. ASC 220-10 requires other comprehensive income (loss) to include foreign currency translation adjustments.

NOTE 2 - SUMMARY OF SIGNIFICA_9

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Foreign Currency Translation (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Foreign Currency Translation	Foreign Currency Translation The Company translates the foreign currency consolidated The consolidated The cumulative translation adjustment is included in the accumulated other comprehensive gain (loss) within stockholders’ equity (deficit). Foreign currency transaction gains and losses arising from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the consolidated results of operations. The exchange rates used to translate amounts in HKD into US Dollars for the purposes of preparing the consolidated financial statements were as follows: December 31, 2019 December 31, 2018 Exchange rate on balance sheet dates USD : HKD exchange rate 7.7889 7.8307 Year endedDecember 31, 2019 Year EndedDecember 31, 2018 Average exchange rate for the period USD : HKD exchange rate 7.8350 7.8377

NOTE 2 - SUMMARY OF SIGNIFIC_10

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Property, plant and equipment (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Property, plant and equipment	Property, plant and equipment The estimated useful lives of property, plant and equipment are as follows: Office equipment 3 years Furniture and fixtures 3 years Vehicles 4 years The Company evaluates the carrying value of items of property, plant and equipment to be held and used whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The carrying value of an item of property, plant and equipment is considered impaired when the projected undiscounted future cash flows related to the asset are less than its carrying value. The Company measures impairment based on the amount by which the carrying value of the respective asset exceeds its fair value. Fair value is determined primarily using the projected future cash flows discounted at a rate commensurate with the risk involved.

NOTE 2 - SUMMARY OF SIGNIFIC_11

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair Value Measurements (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Fair Value Measurements	Fair Value Measurements ASC Topic 820 defines fair value, establishes a framework for measuring fair value and enhances disclosure requirements for fair value measurements. This topic does not require any new fair value measurements. ASC Topic 820 defines fair value as the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, ASC Topic 820 establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: Level 1 — Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 — Other inputs that is directly or indirectly observable in the marketplace. Level 3 — Unobservable inputs which are supported by little or no market activity. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

NOTE 2 - SUMMARY OF SIGNIFIC_12

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Earnings (Loss) Per Share (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Earnings (Loss) Per Share	Earnings (Loss) Per Share Earnings Per Share (‘EPS”) is computed by dividing net income available to common stockholders by the weighted average number of common stock shares outstanding during the year. Diluted EPS is computed by dividing net income available to common stockholders by the weighted average number of common stock shares outstanding during the year plus potential dilutive instruments such as stock options and warrants. The effect of stock options on diluted EPS is determined through the application of the treasury stock method, whereby proceeds received by the Company based on assumed exercises are hypothetically used to repurchase the Company's common stock at the average market price during the period. The Company has no stock options, warrants or other potentially dilutive instruments outstanding at December 31, 2019 and 2018.

NOTE 2 - SUMMARY OF SIGNIFIC_13

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Investment in Unconsolidated Joint Ventures (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Investment in Unconsolidated Joint Ventures	Investment in Unconsolidated Joint Ventures The Company entered into a JV agreement with an independent third party, to form a JV company. The joint venture agreement provides the Company with only the rights to the assets and obligation for the liabilities of the joint arrangement resting primarily with the JV. In adopting ASC Topic 323, Investments - Equity Method and Joint Ventures (Topic 323), the Company’s investment in joint venture is accounted for using the equity method.

NOTE 2 - SUMMARY OF SIGNIFIC_14

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Lease liabilities (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Lease liabilities	Lease liabilities In adopting ASC Topic 842, Leases (Topic 842), the Company has elected the ‘package of practical expedients’, which permit it not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter is not applicable to the Company. In addition, the Company elected not to apply ASC Topic 842 to arrangements with lease terms of 12 month or less. In determining the length of the lease term to its long term lease, the Company determined it did not have an option to extend either lease.

NOTE 2 - SUMMARY OF SIGNIFIC_15

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Recent Accounting Pronouncements (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016, the FASB established ASC Topic 842, Leases (Topic 842), by issuing ASU No. 2016-02, which requires lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements. Topic 842 was subsequently amended by ASU No. 2018-01, Land Easement Practical Expedient for Transition to Topic 842; ASU No. 2018-10, Codification Improvements to Topic 842, Leases; and ASU No. 2018-11, Targeted Improvements. The new standard establishes a right-of-use (ROU) model that requires a lessee to recognize a ROU asset and lease liability on the balance sheet. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the statement of operations. The Company adopted the new standard on January 1, 2019. The new standard provides a number of optional practical expedients in transition. The Company has elected the ‘package of practical expedients’, which permit it not to reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. The Company did not elect the use-of-hindsight or the practical expedient pertaining to land easements; the latter is not applicable to the Company. The new standard had a material effect on the Company’s financial statements. The most significant effects of adoption relate to (1) the recognition of new ROU assets and lease liabilities on its balance sheet for real estate operating leases; and (2) providing significant new disclosures about its leasing activities. Upon adoption, the Company recognized additional operating lease liabilities of approximately $95,000 based on the present value of the remaining minimum rental payments under current leasing standards for existing operating leases. The Company also recognized corresponding ROU assets of approximately $95,000. The new standard also provides practical expedients for an entity’s ongoing accounting. The Company elected the short-term lease recognition exemption for all leases that qualify. This means, for those leases that qualify, the Company will not recognize ROU assets or lease liabilities, and this includes not recognizing ROU assets or lease liabilities for existing short-term leases of those assets in transition. Beginning in 2019, the Company changed to its disclosed lease recognition policies and practices, as well as to other related financial statement disclosures due to the adoption of this standard. See Note 5. The Company has considered all other new accounting pronouncements and has concluded that there are no new pronouncements that may have a material impact on results of operations, financial condition, or cash flows, based on current information.

NOTE 2 - SUMMARY OF SIGNIFIC_16

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: New accounting pronouncements not yet effective (Policies)	12 Months Ended
	Dec. 31, 2019
Policies
New accounting pronouncements not yet effective	New accounting pronouncements not yet effective: In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 amends the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in the more timely recognition of losses. The new accounting standard will be effective for the fiscal year beginning on January 1, 2020, including interim periods within that year. The Group does not expect that adoption of this standard will have a material impact on its consolidated financial statements.

NOTE 2 - SUMMARY OF SIGNIFIC_17

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Foreign Currency Translation: Schedule of Exchange Rates used for preparing the consolidated financial statements (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Exchange Rates used for preparing the consolidated financial statements	December 31, 2019 December 31, 2018 Exchange rate on balance sheet dates USD : HKD exchange rate 7.7889 7.8307 Year endedDecember 31, 2019 Year EndedDecember 31, 2018 Average exchange rate for the period USD : HKD exchange rate 7.8350 7.8377

NOTE 2 - SUMMARY OF SIGNIFIC_18

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Property, plant and equipment: Schedule of Property, plant and equipment Useful Lives (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Property, plant and equipment Useful Lives	The estimated useful lives of property, plant and equipment are as follows: Office equipment 3 years Furniture and fixtures 3 years Vehicles 4 years

NOTE 4 - PROPERTY, PLANT AND _2

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT: Schedule of Property and Equipment (March 31, 2019 Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Property and Equipment (March 31, 2019 Unaudited)	December 31, December 31, 2019 2018 Office furniture and fixtures $ 678 $ 676 Office equipment 9,952 8,588 Vehicles 164,519 163,641 Less: accumulated depreciation (173,315 ) (171,642 ) Property, plant and equipment, net $ 1,834 $ 1,263

NOTE 5 - RIGHT TO USE ASSETS _2

NOTE 5 - RIGHT TO USE ASSETS AND LEASE LIABILITY: Schedule of Right to Use Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Right to Use Assets	December 31, 2019 New York $ 62,322 Hong Kong 97,918 Subtotal 160,240 Less accumulated depreciation (146,516 ) Right to use assets, net $ 13,724

NOTE 5 - RIGHT TO USE ASSETS _3

NOTE 5 - RIGHT TO USE ASSETS AND LEASE LIABILITY: Schedule of Lease Liability (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Lease Liability	December 31, 2019 New York $ 13,724 Hong Kong - Total lease liability 13,724 Less: short term portion (13,724 ) Long term portion $ -

NOTE 5 - RIGHT TO USE ASSETS _4

NOTE 5 - RIGHT TO USE ASSETS AND LEASE LIABILITY: Schedule of Maturity Analysis under the Lease Agreements (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Maturity Analysis under the Lease Agreements	Year ended December 31, 2020 $ 14,000 Less: Present value discount (276 ) Lease liability $ 13,724

NOTE 5 - RIGHT TO USE ASSETS _5

NOTE 5 - RIGHT TO USE ASSETS AND LEASE LIABILITY: Schedule of Lease Expenses (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Lease Expenses	Operating lease expense $ 65,457 Short-term lease expense 15,609 $ 81,066

NOTE 9 - LOSS PER SHARE_ Schedu

NOTE 9 - LOSS PER SHARE: Schedule of Computation of basic and diluted loss per common share (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Computation of basic and diluted loss per common share	For the Years Ended December 31, 2019 2018 Numerator - basic and diluted Net loss $ (544,313) $ (342,904) Denominator Weighted average number of common shares outstanding —basic and diluted 114,915,852 114,915,852 Loss per common share — basic and diluted $ (0.005) $ (0.003)

NOTE 10 - INCOME TAXES_ Schedul

NOTE 10 - INCOME TAXES: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	Deferred Tax Assets: December 31, 2019 December 31, 2018 Net operating loss carryforward $ (531,474) $ (342,904) Inventory obsolescence - - Total deferred tax assets (531,474) (342,904) Valuation allowance 531,474 342,904 Net deferred tax assets $ - $ -

NOTE 10 - INCOME TAXES_ Sched_2

NOTE 10 - INCOME TAXES: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	Rate Reconciliation: December 31, 2019 December 31, 2018 Book losses (worldwide) at federal statutory rate (21%) $ 25,995 $ 20,864 Hong Kong Profit Tax rate (8.25%) 33,634 39,593 Change in valuation allowance (59,629) (60,457) Net expense (benefit) $ - $ -

NOTE 11 - JOINT VENTURE_ Summar

NOTE 11 - JOINT VENTURE: Summarized financial information for joint venture - Balance Sheets (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Summarized financial information for joint venture - Balance Sheets	Balance Sheets: December 31, 2019 Account receivables $ 406,412 Inventory 259,051 Cash and cash equivalents 957,207 Total assets 1,622,670 Other payable (1,370,019 ) Customer deposit (2,169,378 ) Total liabilities (3,539,397 ) Net liabilities $ (1,916,727 )

NOTE 11 - JOINT VENTURE_ Summ_2

NOTE 11 - JOINT VENTURE: Summarized financial information for joint venture - Statement of Operations (Tables)	12 Months Ended
	Dec. 31, 2019
Tables/Schedules
Summarized financial information for joint venture - Statement of Operations	Statement of Operations: December 31, 2019 Revenue $ - Operating expense (1,933,051 ) Net loss from operations (1,933,051 ) Other income (expense): Interest (expense) income, net 2,089 Net loss $ (1,930,962 )

NOTE 1 - ORGANIZATION AND PRI_2

NOTE 1 - ORGANIZATION AND PRINCIPAL ACTIVITIES (Details)	12 Months Ended
	Dec. 31, 2019
Details
Entity Incorporation, State or Country Code	UT
Entity Incorporation, Date of Incorporation	May 30, 2001

NOTE 2 - SUMMARY OF SIGNIFIC_19

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Concentration of Credit Risk (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
Deposits in foreign bank accounts not subject to FDIC coverage	$ 51,372	$ 87,465

NOTE 2 - SUMMARY OF SIGNIFIC_20

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Foreign Currency Translation: Schedule of Exchange Rates used for preparing the consolidated financial statements (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
USD to HKD exchange rate on balance sheet date	7.7889	7.8307
Average exchange rate for the period	7.8350	7.8377

NOTE 2 - SUMMARY OF SIGNIFIC_21

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Property, plant and equipment: Schedule of Property, plant and equipment Useful Lives (Details)	12 Months Ended
	Dec. 31, 2019
Office Equipment
The estimated useful lives of property, plant and equipment are as follows:	3 years
Furniture and Fixtures
The estimated useful lives of property, plant and equipment are as follows:	3 years
Vehicles
The estimated useful lives of property, plant and equipment are as follows:	4 years

NOTE 3 - GOING CONCERN (Details

NOTE 3 - GOING CONCERN (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Net Income (Loss)	$ (531,474)	$ (342,904)
Accumulated deficit	$ (8,839,572)	$ (8,295,259)

NOTE 4 - PROPERTY, PLANT AND _3

NOTE 4 - PROPERTY, PLANT AND EQUIPMENT: Schedule of Property and Equipment (March 31, 2019 Unaudited) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
Office furniture and fixtures	$ 678	$ 676
Office equipment	9,952	8,588
Vehicles	164,519	163,641
Less: accumulated depreciation	(173,315)	(171,642)
Property, plant and equipment, net	$ 1,834	$ 1,263

NOTE 5 - RIGHT TO USE ASSETS _6

NOTE 5 - RIGHT TO USE ASSETS AND LEASE LIABILITY (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Recorded right to use assets (net)	$ 95,111
Recorded lease liability	95,111
Recorded lease expense	$ 81,066	$ 57,409

NOTE 5 - RIGHT TO USE ASSETS _7

NOTE 5 - RIGHT TO USE ASSETS AND LEASE LIABILITY: Schedule of Right to Use Assets (Details)	Dec. 31, 2019USD ($)
Details
Right to use assets - New York	$ 62,322
Right to use assets - Hong Kong	97,918
Right to use assets - Subtotal	160,240
Right to use assets - Less accumulated depreciation	(146,516)
Right to use assets, net	$ 13,724

NOTE 5 - RIGHT TO USE ASSETS _8

NOTE 5 - RIGHT TO USE ASSETS AND LEASE LIABILITY: Schedule of Lease Liability (Details)	Dec. 31, 2019USD ($)
Details
Lease Liability - New York	$ 13,724
Lease Liability - Hong Kong	0
Total lease liability	13,724
Lease Liability - Less: short term portion	(13,724)
Lease Liability - Long term portion	$ 0

NOTE 5 - RIGHT TO USE ASSETS _9

NOTE 5 - RIGHT TO USE ASSETS AND LEASE LIABILITY: Schedule of Maturity Analysis under the Lease Agreements (Details)	Dec. 31, 2019USD ($)
Details
Lease Liability - Year ended December 31, 2020	$ 14,000
Lease Liability - Less: Present value discount	(276)
Lease liability	$ 13,724

NOTE 5 - RIGHT TO USE ASSETS_10

NOTE 5 - RIGHT TO USE ASSETS AND LEASE LIABILITY: Schedule of Lease Expenses (Details)	12 Months Ended
	Dec. 31, 2019USD ($)
Details
Operating lease expense	$ 65,457
Short-term lease expense	15,609
Operating Leases, Rent Expense	$ 81,066

NOTE 6 - NOTE PAYABLE (Details)

NOTE 6 - NOTE PAYABLE (Details)	12 Months Ended
	Dec. 31, 2019USD ($)
In May 2018
Debt Instrument, Issuer	Company
Debt Instrument, Collateral	unsecured
Debt Instrument, Description	note payable
Debt Instrument, Face Amount	$ 35,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Payment Terms	payable monthly
Debt Instrument, Maturity Date	Jul. 1, 2019
In November 2018
Debt Instrument, Issuer	Company
Debt Instrument, Collateral	unsecured
Debt Instrument, Description	note payable
Debt Instrument, Face Amount	$ 65,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Payment Terms	payable monthly
Debt Instrument, Maturity Date	Nov. 18, 2020
In July 2019
Debt Instrument, Issuer	Company
Debt Instrument, Collateral	unsecured
Debt Instrument, Description	note payable
Debt Instrument, Face Amount	$ 123,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Payment Terms	payable monthly
Debt Instrument, Maturity Date	Jul. 9, 2021

NOTE 7 - STOCK SUBCRIPTION PA_2

NOTE 7 - STOCK SUBCRIPTION PAYABLES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Revenue from Related Parties	$ 676,683	$ 347,000

NOTE 8 - CAPITAL STOCK (Details

NOTE 8 - CAPITAL STOCK (Details) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Details
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	25,000,000	25,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares, Issued	114,915,852	114,915,852
Common Stock, Shares, Outstanding	114,915,852	114,915,852
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

NOTE 9 - LOSS PER SHARE_ Sche_2

NOTE 9 - LOSS PER SHARE: Schedule of Computation of basic and diluted loss per common share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
NET LOSS	$ (544,313)	$ (342,904)
Weighted average common shares outstanding, basic and diluted	114,915,852	114,915,852
Net loss per common share, basic and diluted	$ (0.005)	$ (0.003)

NOTE 10 - INCOME TAXES (Details

NOTE 10 - INCOME TAXES (Details)	Dec. 31, 2019USD ($)
Details
Operating Loss Carryforwards	$ 5,600,000
Future net operation losses available to offset future operating income	$ 100,000

NOTE 10 - INCOME TAXES_ Sched_3

NOTE 10 - INCOME TAXES: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
Net operating loss carryforward	$ (531,474)	$ (342,904)
Inventory obsolescence	0	0
Total deferred tax assets	(531,474)	(342,904)
Valuation allowance	531,474	342,904
Net deferred tax assets	$ 0	$ 0

NOTE 10 - INCOME TAXES_ Sched_4

NOTE 10 - INCOME TAXES: Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Book losses (worldwide) at federal statutory rate (21%)	$ 25,995	$ 20,864
Hong Kong Profit Tax rate (8.25%)	33,634	39,593
Change in valuation allowance	(59,629)	(60,457)
Net expense (benefit)	$ 0	$ 0

NOTE 11 - JOINT VENTURE (Detail

NOTE 11 - JOINT VENTURE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Details
Payments to Acquire Other Productive Assets	$ 12,839	$ 0

NOTE 11 - JOINT VENTURE_ Summ_3

NOTE 11 - JOINT VENTURE: Summarized financial information for joint venture - Balance Sheets (Details)	Dec. 31, 2019USD ($)
Details
Joint Venture - Account receivables	$ 406,412
Joint Venture - Inventory	259,051
Joint Venture - Cash and cash equivalents	957,207
Joint Venture - Total assets	1,622,670
Joint Venture - Other payable	(1,370,019)
Joint Venture - Customer deposit	(2,169,378)
Joint Venture - Total liabilities	(3,539,397)
Joint Venture - Net liabilities	$ (1,916,727)

NOTE 11 - JOINT VENTURE_ Summ_4

NOTE 11 - JOINT VENTURE: Summarized financial information for joint venture - Statement of Operations (Details)	12 Months Ended
	Dec. 31, 2019USD ($)
Details
Joint Venture - Revenue	$ 0
Joint Venture - Operating expense	(1,933,051)
Joint Venture - Net loss from operations	(1,933,051)
Joint Venture - Interest (expense) income, net	2,089
Joint Venture - Net loss	$ (1,930,962)

NOTE 12 - COMMITMENTS AND CON_2

NOTE 12 - COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Details
Capital Commitment Amount	$ 0	$ 0
Outstanding claim and litigation	$ 0