Qhy (QHYG) 10-Q 3 Aug 21 2021 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Jul. 30, 2021
Document Information Line Items
Entity Registrant Name	QHY GROUP
Trading Symbol	QHYG
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		87,269,789
Amendment Flag	false
Entity Central Index Key	0001423723
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	000-55933
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	33-1176182
Entity Address, Address Line One	1501 Broadway
Entity Address, Address Line Two	Suite 1515
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10036-5601
City Area Code	(212)
Local Phone Number	324-1876
Title of 12(g) Security	Common Stock, par value $0.001
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Document Transition Report	false
Security Exchange Name	NONE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash	$ 7,061	$ 7,061
Due from a related party	2,196,500	2,196,500
Prepaid expenses and other current assets	100	100
Total assets	2,203,661	2,203,661
Current liabilities
Accounts payable	1,402,599	1,139,809
Due to related parties	592,500	510,500
Loan from a shareholder and interest payable	580,013	519,317
Total liabilities	2,575,112	2,169,626
Stockholders’ equity
Preferred stock, 5,000,000 shares authorized, 0 shares outstanding
Common stock, $0.001 par value; 1,000,000,000 shares authorized, 87,269,789 shares issued and outstanding at June 30, 2021 and December 31, 2020	87,270	87,270
Additional paid in capital	7,243,001	7,243,001
Accumulated deficit	(7,701,722)	(7,296,236)
Total stockholders’ equity/(deficit)	(371,451)	34,035
Total liabilities and stockholders’ equity	$ 2,203,661	$ 2,203,661

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	87,269,789	87,269,789
Common stock, shares outstanding	87,269,789	87,269,789

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenue
Cost of Revenue
Gross profit
Expenses
Listing fees	1,648	1,477	3,767	3,424
Professional fees	3,340	11,657	9,264	13,657
Professional fees – related party	28,500	28,500	57,000	57,000
License and royalty-related party	12,500	12,500	25,000	25,000
General and administrative	143,646	143,813	288,276	288,748
Total operating expenses	189,634	197,947	383,307	387,829
Other expenses/(income)
Other income		(7,000)		(7,000)
Interest expenses – related party	11,536	10,193	22,180	19,673
Total other expenses	11,536	3,193	22,180	12,673
Net loss	201,170	201,140	405,487	400,502
Other comprehensive income
Total comprehensive loss	$ 201,170	$ 201,140	$ 405,487	$ 400,502
Loss per share – basic and diluted (in Dollars per share)	$ (0.003)	$ (0.002)	$ (0.005)	$ (0.005)
Weighted average number of shares outstanding – basic and diluted (in Shares)	87,269,789	87,269,789	87,269,789	87,269,789

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements Of Changes In Stockholders’ Equity - USD ($)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2019	$ 87,270	$ 7,243,001	$ (6,476,720)	$ 853,551
Balance (in Shares) at Dec. 31, 2019	87,269,789
Net loss			(199,362)	(199,362)
Balance at Mar. 31, 2020	$ 87,270	7,243,001	(6,676,082)	654,189
Balance (in Shares) at Mar. 31, 2020	87,269,789
Net loss			(201,140)	(201,140)
Balance at Jun. 30, 2020	$ 87,270	7,243,001	(6,877,222)	453,049
Balance (in Shares) at Jun. 30, 2020	87,269,789
Balance at Dec. 31, 2020	$ 87,270	7,243,001	(7,296,236)	34,035
Balance (in Shares) at Dec. 31, 2020	87,269,789
Net loss			(204,317)	(204,317)
Balance at Mar. 31, 2021	$ 87,270	7,243,001	(7,500,553)	(170,282)
Balance (in Shares) at Mar. 31, 2021	87,269,789
Net loss			(201,170)	(201,170)
Balance at Jun. 30, 2021	$ 87,270	$ 7,243,001	$ (7,701,722)	$ (371,451)
Balance (in Shares) at Jun. 30, 2021	87,269,789

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities
Net loss	$ (405,487)	$ (400,502)
Interest expenses	22,180	19,673
Consulting fee paid by common shares
Other income		(7,000)
Changes in operating assets and liabilities:
Accounts payable	262,791	269,621
License fee payable – related party	25,000	25,000
Professional fee payable – related party	57,000	57,000
Net cash used in operating activities	(38,516)	(36,208)
Net cash provided by investing activities
Cash flows from financing activities
EIDL loan advance		7,000
Cash proceeds from shareholder loan	38,516	36,133
Net cash provided by financing activities	38,516	43,133
Net decrease in cash and cash equivalents		6,925
Cash and cash equivalents at beginning of period	7,061	136
Cash and cash equivalents at end of period	7,061	7,061
Supplemental disclosure of cash flow information
Income taxes paid
Interest paid

Organization and Principal Acti

Organization and Principal Activities	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Organization and principal activities	1. Organization and principal activities QHY Group (the “Company”, or “we”), formerly named Yakun International Investment and Holding Group (“Yakun International”), was incorporated under the laws of the State of Nevada on October 16, 2007. Prior to the acquisition of PBG Water Solutions International Inc. (“PBG Water Solutions”) on January 15, 2018, the Company was a development stage company that had not generated any revenue from operations and maintained no essential assets since inception. In November 2017, the Company entered into a Share Exchange Agreement (the “PBG SEA”) with PBG Water Solutions and its shareholders, pursuant to which the Company acquired 100% of the outstanding shares of PBG Water Solutions in exchange for 46,839,439 shares of common stock of the Company and 19,000 shares of Series A Convertible Preferred Stock (each Series A Convertible Preferred Stock was converted into 1,000 shares of common stock) of the Company, which constituted approximately 83% of the Company’s issued and outstanding capital stock on a fully-diluted basis as of and immediately after the consummation of the acquisition. PBG Water Solutions was incorporated under the law of the State of Delaware on August 4, 2016, and in October 2017, it merged into a company with the same name incorporated under the law of the State of Nevada. On January 15, 2018, all parties to the SEA agreed to amend the original agreement and consummate the transaction. Shareholders of PBG Water solutions took control of the Company on the same date. As of the issuance of these financial statements. PBG Water Solutions has not generated revenue. The transaction was accounted for as a “reverse acquisition” since, immediately following completion of the transaction, the shareholders of PBG Water Solutions effectively controlled the post-combination Company. For accounting purposes, PBG Water Solutions was deemed to be the accounting acquirer in the transaction and, consequently, the transaction is treated as a recapitalization of PBG Water Solutions (i.e., a capital transaction involving the issuance of shares by the Company for the shares of PBG Water Solutions). Accordingly, the consolidated assets, liabilities and results of operations of PBG Water Solutions became the historical financial statements of the Company, and assets, liabilities and results of operations of the Company and its subsidiaries were consolidated with PBG Water Solutions beginning on the acquisition date. No step-up in basis or intangible assets or goodwill were recorded in this transaction. On December 21, 2017, the Company incorporated QHY Water Solutions International Corp (“QHY Water Solutions”) under the law of State of Nevada as its wholly owned subsidiary. On July 31, 2018, the Company filed an amendment to its articles of incorporation changing its corporate name to QHY Group. The amendment became effective August 31, 2018. In December 2018, the Company issued 1,515,000 shares of common stock to certain consultants for services rendered or to be rendered (See Note 7). In December 2018, the Company entered into a series of securities purchase agreements with certain non-affiliate investors for the sale of 6,655,750 shares of the Company’s common stock for aggregate consideration of $2,196,500. Of the shares sold, 5,972,582 were issued to six investors for $1,851,500 and the remaining 683,168 shares were sold to a single investor for $345,000.

Going Concern

Going Concern	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going concern	2. Going concern The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America (“U.S. GAAP”) 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 yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Successful execution of the Company’s plan to enter the water solutions business and its transition to attaining profitable operations, are dependent upon obtaining additional financing. The Company plans to improve its future liquidity by obtaining additional financing through the issuance of financial instruments such as equity and warrants or through credit loans. Additional financing may not be available on acceptable terms or at all. If the Company issues additional equity securities to raise funds, the ownership percentage of existing stockholders would be reduced. New investors may demand rights, preferences or privileges senior to those of existing holders of common stock. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. We will continue to rely on loans from our major shareholders and directors for payments of expenditures other than purchasing from manufacturers in China. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Summary of significant accounting policies	3. Summary of significant accounting policies (a) Basis of presentation and principles of consolidation The unaudited consolidated interim financial statements are prepared and presented in accordance with U.S. GAAP. The unaudited consolidated interim financial information as of June 30, 2021 and for the three and six months ended June 30, 2021 and 2020 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures, which are normally included in complete consolidated financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited consolidated interim financial information should be read in conjunction with the audited financial statements and the notes thereto, included in the Form 10-K filed on March 29, 2021. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s consolidated financial position as of June 30, 2021, its consolidated results of operations for the three and six months ended June 30, 2021 and 2020, and its consolidated cash flows for the six months ended June 30, 2021 and 2020, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods. (b) Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Management makes these estimates using the best information available at the time the estimates are made; however, actual results could differ from those estimates. (c) Loss per share Basic loss per share is computed using the weighted average number of common shares outstanding during the period. Diluted loss per share is computed using the weighted average number of common shares and potential common shares outstanding during the period for options and restricted shares under the treasury stock method and for convertible debts under if-convertible method, if dilutive. Potential common shares are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive, such as in a period in which a net loss is recorded. Three Months Ended Six Months Ended June 30, June 30, Dilutive shares not included in loss per share computation 2021 2020 2021 2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Warrants 50,000,000 50,000,000 50,000,000 50,000,000 (d) Recently issued accounting standards The Company does not expect the adoption of any recent accounting standards to have a material impact on its financial statements except for: In December 2019, the FASB issued guidance intended to simplify the accounting for income taxes. The guidance removes the following exceptions: 1) exception to the incremental approach for intra-period tax allocation when there is a loss from continuing operations and income or a gain from other items, 2) exception to the requirement to recognize a deferred tax liability for equity method investments when a foreign subsidiary becomes an equity method investment, 3) exception to the ability not to recognize a deferred tax liability for a foreign subsidiary when a foreign equity method investment becomes a subsidiary and 4) exception to the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. Additionally, the guidance simplifies the accounting for income taxes by: 1) requiring that an entity recognize a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, 2) requiring that an entity evaluate when a step up in the tax basis of goodwill should be considered part of the business combination in which the book goodwill was originally recognized and when it should be considered a separate transaction, 3) specifying that an entity is not required to allocate the consolidated amount of current and deferred tax expense to a legal entity that is not subject to tax in its separate financial statements (although the entity may elect to do so (on an entity-by-entity basis) for a legal entity that is both not subject to tax and disregarded by the taxing authority), 4) requiring that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date and 5) making minor improvements for income tax accounting related to employee stock ownership plans and investments in qualified affordable housing projects accounted for using the equity method. The guidance will be effective for fiscal years and interim periods beginning after December 15, 2020. Different components of the guidance require retrospective, modified retrospective or prospective adoption, and early adoption is permitted. The adoption did not have nor is expected to have a material impact on our results of operations, financial position or disclosures.

Due from a Related Party

Due from a Related Party	6 Months Ended
	Jun. 30, 2021
Due From Related Party Transactions [Abstract]
Due from a related party	4. Due from a related party The Renminbi (the “RMB”) equivalent to $2,196,500 received in December 2018 as proceeds from issuing 6,655,750 shares of the Company’s common stock (see Note 7) was collected by Beijing QHY on behalf of the Company because the Company cannot collect RMB due to the currency control on RMB. The monies are considered held by Beijing QHY for the benefit of the Company and are to be used to pay manufacturers in China for the wastewater treatment equipment we would purchase if we received an order. It is likely that the funds will not be available to pay expenses incurred outside China.

Accounts Payable

Accounts Payable	6 Months Ended
	Jun. 30, 2021
Payables and Accruals [Abstract]
Accounts payable	5. Accounts payable Accounts payables consisted of the following: June 30, December 31, (Unaudited) Payroll $ 1,282,500 $ 997,500 Professional fees 115,387 138,123 Listing fees 2,148 1,621 Others 2,564 2,565 Total $ 1,402,599 $ 1,139,809

Related Party Transactions and

Related Party Transactions and Balances	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related party transactions and balances	6. Related party transactions and balances a) Related party transactions Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Loan from a shareholder $ 9,965 $ 8,284 $ 38,516 $ 36,133 Interest expense to a shareholder 11,536 10,193 22,180 19,673 Fee for professional services provided by related parties 28,500 28,500 57,000 57,000 License fee expense to a related party $ 12,500 $ 12,500 $ 25,000 $ 25,000 b) Related party payables June 30, December 31, (Unaudited) Loan from a shareholder $ 469,122 $ 430,606 Interest payable to a shareholder 110,891 88,711 Payable to a related party for license fee 212,500 187,500 Professional fee payable to related parties 380,000 323,000 Due from a related party $ 2,196,500 $ 2,196,500 On May 1, 2018, PBG Water Solutions and the Company entered into a Credit Loan Agreement with a 28.29% shareholder of the Company (the “Lender”). The Lender had provided operating capital to PBG Water Solutions since its inception, and to the Company since the consummation of PBG SEA. Pursuant to the Credit Loan Agreement, the Lender will provide a loan of $500,000 to the Company for 2 years with 10% annual interest which shall be applied from the date of the Credit Loan Agreement. The due date of the loan has been extended until December 31, 2021. In compensation for the loan, the Company issued to the Lender a 5-year cashless warrant, which entitles the Lender to purchase 50 million (50,000,000) shares of the Company’s common stock at an exercise price of $0.01. The warrant cannot be exercised before June 1, 2019, and shall be void and non-exercisable if the Company (i) raises more than $20 million in equity or (ii) has revenue in excess of $100 million in any fiscal year. As of June 30, 2021 and December 31, 2020, the Lender has provided $469,122 and $430,606 to the Company, respectively. During the three months ended June 30, 2021 and 2020 the Lender provided $9,965 and $8,284 to the Company, respectively. During the six months ended June 30, 2021 and 2020 the Lender provided $38,516 and $36,133 to the Company, respectively. During the three months ended June 30, 2021 and 2020, the Company recorded $11,536 and $10,193 interest expense incurred from the loan, respectively. During the six months ended June 30, 2021 and 2020, the Company recorded $22,180 and $19,673 interest expense incurred from the loan, respectively. In February 2018, PBG Water Solutions entered into a financial advisory agreement with Rebus Capital Group (“Rebus”), an entity affiliated with a shareholder of the Company, pursuant to which PBG Water Solutions will pay Rebus $30,000 per quarter. The agreement has a term of five years from March 2018 but is cancellable by either party on sixty days’ notice. The service fee for the first 3 months was waived by Rebus. Professional service expense related to this agreement was $28,500 and $28,500 for the three months ended June 30, 2021 and 2020, respectively. Professional service expense related to this agreement was $57,000 and $57,000 for the six months ended June 30, 2021 and 2020, respectively. In April 2017, PBG Water Solutions entered into a License and Supply Agreement with an individual shareholder who owned 50% of PBG Water Solutions’ common stock and the shareholder’s majority owned company Beijing QHY Environment S & T Co., Ltd. (“Beijing QHY”). Pursuant to the License and Supply Agreement and its Amendment entered into in June 2017, the individual shareholder and Beijing QHY (the “Licensor”) granted PBG the exclusive use of 21 patents in any area outside the People’s Republic of China (the “PRC”) for 20 years. A one-time fee of $1 million shall be paid before December 31, 2021, and royalties of 1% of the net revenue received by PBG from the sale, license or other distribution of the licensed products shall be paid annually. In addition, the Licensor shall supply PBG Water Solutions licensed products at prices agreed upon from time to time by the Licensor and PBG Water Solutions. The Company, QHY Water Solutions and PBG Water Solutions didn’t generate any net revenue from the licensed equipment or products during the six months ended June 30, 2021 and 2020. The Company recorded a $12,500 and $12,500 license fee expense for the three months ended June 30, 2021 and 2020, respectively. The Company recorded a $25,000 and $25,000 license fee expense for the six months ended June 30, 2021 and 2020, respectively, and made no payment of license fees as of June 30, 2021. The shareholder/licensor owns 47.15% of the Company’s common stock as of June 30, 2021. In December 2018, the Company issued 6,655,750 shares of the Company’s common stock for aggregate consideration of $2,196,500. Beijing QHY collected the subscription on behalf of the Company in RMB. The monies are considered held by Beijing QHY for the benefit of the Company as of June 30, 2021, and are to be used to pay manufacturers in China for the wastewater treatment equipment we would purchase if we received an order. It is likely that the funds will not be available to pay expenses incurred outside China.

Stockholder's Equity

Stockholder's Equity	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Stockholder's equity	7. Stockholder’s equity Common stock In April 2018, the Company increased its authorized common stock from 70 million to 1 billion shares. The Company issued 46,839,439 shares of common stock and 19,000 shares of Series A Convertible Preferred Stock to the shareholders of PBG Water Solutions pursuant to PBG SEA. The 19,000 shares of Series A Convertible Preferred Stock were converted into 19,000,000 shares of common stock upon increase in the number of shares of authorized common stock. In October 2018, the Company hired certain consultants to provide general advisory services relating to the Company operating as a publicly traded enterprise, strategic planning and execution, corporate governance and financial reporting. Pursuant to each agreement, the service term is 12 months and the Company shall pay the Consultants an aggregate of 1,500,000 shares of the Company’s common stock which was delivered at inception of the Agreements. The shares were issued in December 2018. In November 2018, the Company hired a consultant for investor relations and strategic planning, pursuant to an agreement whereby the Company shall issue to the consultant 20,000 shares of the Company’s common stock each month. The service was terminated in February 2020. As of June 30, 2020, the Company has issued 15,000 shares of common stock to the consultant. Cost for the consulting service was measured based on the fair value of the Company’s common stock at the date of the consulting agreement since the common stock was vested and non-forfeitable upon the entry into the agreement. The fair value of the common stock was estimated to be $0.4075, and resulted in $617,550 for the fair value of the 1,515,000 common shares issued. In December 2018, the Company issued 6,655,750 shares of the Company’s common stock for aggregate consideration of $2,196,500. Warrants On May 1, 2018, the Company issued warrants to a shareholder pursuant to the Credit Loan Agreement (See Note 6). The warrants issued by the Company are classified as equity. The fair value of the warrants was recorded as additional-paid-in-capital, and no further adjustments are made. The fair value of the stock warrants granted was estimated at $4,540,000 on the date granted using the Black-Scholes pricing model, with the following assumptions used for the valuation: exercise price of $ 0.01 A summary of the status of the Company’s warrants as of June 30, 2021 is presented below: Number of warrants (Unaudited) Warrants as at December 31, 2020 50,000,000 Warrants granted - Exercised, forfeited or expired - Outstanding at June 30, 2021 50,000,000 Exercisable at June 30, 2021 50,000,000 The following table summarizes information about the Company’s warrants as of June 30, 2021: Warrants outstanding Warrants exercisable Exercise Number Weighted Weighted average Number Weighted (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) $ 0.01 50,000,000 0.92 $ 0.01 50,000,000 $ 0.01 Equity Incentive Plan In July 2018, the Company adopted the 2018 Equity Incentive Plan (the “2018 Plan”) which provides for the grant of stock options, stock appreciation rights, restricted stock, stock units, bonus stock, dividend equivalents, other stock related awards and performance awards. The maximum aggregate number of shares that may be subject to awards under the 2018 Plan is 10,000,000. Following is a reconciliation of the shares available to be issued under the 2018 Plan as of June 30, 2021: Shares (Unaudited) Balance as of December 31, 2020 8,485,000 Stock awards granted - Stock awards forfeited - Balance as of June 30, 2021 8,485,000

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income taxes	8. Income taxes The Company did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because it has experienced operating losses. When it is more likely than not that a tax asset cannot be realized through future income, the Company must take a full valuation allowance for this future tax benefit. The Company provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carryforwards, because management has determined that it is more likely than not that the Company will not earn income sufficient to realize the deferred tax assets during the carryforward period. The Company has not taken a tax position that, if challenged, would have a material effect on the financial statements for the three months ended June 30, 2021, or during the prior three years applicable under FASB ASC 740. The Company did not recognize any adjustment to the liability for uncertain tax position and therefore did not record any adjustment to the beginning balance of accumulated deficit on the balance sheet. All tax returns have been appropriately filed by the Company. Income tax provision at the federal statutory rate 21 % Effect of operating losses (21 )% - % Net deferred tax assets consist of the following: June 30, December 31, (Unaudited) Net operating loss carry forward $ 532,176 $ 447,024 Valuation allowance (532,176 ) (447,024 ) Net deferred tax asset $ - $ - A reconciliation of income taxes computed at the statutory rate is as follows: Three Months ended Six Months Ended June 30, June 30, 2020 2020 2020 2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Tax at statutory rate (21%) $ 42,245 $ 42,239 $ 85,152 $ 84,105 Increase in valuation allowance (42,245 ) (42,239 ) (85,152 ) (84,105 ) Income tax expenses $ - $ - $ - $ - The Company did not pay any income taxes during the three and six months ended June 30, 2021 and 2020.

Other Income

Other Income	6 Months Ended
	Jun. 30, 2021
Other Income and Expenses [Abstract]
Other income	9. Other income In April 2020, PBG Water Solutions executed the standard loan documents required for securing a loan (the “EIDL Loan”) from the Small Business Association under its Economic Injury Disaster Loan (“EIDL”) assistance program in light of the impact of the coronavirus (“COVID-19”) pandemic on the Company’s business. In connection therewith, PBG Water Solutions received a $7,000 advance, which does not have to be repaid.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent events	10. Subsequent events In accordance with FASB standards, the Company evaluated subsequent events through the date it filed this report with the Securities and Exchange Commission (“SEC”) and no subsequent events occurred that required disclosure in the accompanying consolidated financial statements except below. The impact of the coronavirus (“COVID-19”) outbreak on the Company’s results of operations, financial position and cash flows will depend on future developments, including the duration and spread of the outbreak and related advisories and restrictions. These developments and the impact of COVID-19 on the financial markets and the overall economy are highly uncertain and cannot be predicted. If the financial markets and/or the overall economy are impacted for an extended period, the Company’s results of operations, financial position and cash flows may be materially adversely affected.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of presentation and principles of consolidation	(a) Basis of presentation and principles of consolidation The unaudited consolidated interim financial statements are prepared and presented in accordance with U.S. GAAP. The unaudited consolidated interim financial information as of June 30, 2021 and for the three and six months ended June 30, 2021 and 2020 have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures, which are normally included in complete consolidated financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited consolidated interim financial information should be read in conjunction with the audited financial statements and the notes thereto, included in the Form 10-K filed on March 29, 2021. In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s consolidated financial position as of June 30, 2021, its consolidated results of operations for the three and six months ended June 30, 2021 and 2020, and its consolidated cash flows for the six months ended June 30, 2021 and 2020, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.
Use of estimates	(b) Use of estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Management makes these estimates using the best information available at the time the estimates are made; however, actual results could differ from those estimates.
Loss per share	(c) Loss per share Basic loss per share is computed using the weighted average number of common shares outstanding during the period. Diluted loss per share is computed using the weighted average number of common shares and potential common shares outstanding during the period for options and restricted shares under the treasury stock method and for convertible debts under if-convertible method, if dilutive. Potential common shares are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive, such as in a period in which a net loss is recorded. Three Months Ended Six Months Ended June 30, June 30, Dilutive shares not included in loss per share computation 2021 2020 2021 2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Warrants 50,000,000 50,000,000 50,000,000 50,000,000
Recently issued accounting standards	(d) Recently issued accounting standards The Company does not expect the adoption of any recent accounting standards to have a material impact on its financial statements except for: In December 2019, the FASB issued guidance intended to simplify the accounting for income taxes. The guidance removes the following exceptions: 1) exception to the incremental approach for intra-period tax allocation when there is a loss from continuing operations and income or a gain from other items, 2) exception to the requirement to recognize a deferred tax liability for equity method investments when a foreign subsidiary becomes an equity method investment, 3) exception to the ability not to recognize a deferred tax liability for a foreign subsidiary when a foreign equity method investment becomes a subsidiary and 4) exception to the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. Additionally, the guidance simplifies the accounting for income taxes by: 1) requiring that an entity recognize a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, 2) requiring that an entity evaluate when a step up in the tax basis of goodwill should be considered part of the business combination in which the book goodwill was originally recognized and when it should be considered a separate transaction, 3) specifying that an entity is not required to allocate the consolidated amount of current and deferred tax expense to a legal entity that is not subject to tax in its separate financial statements (although the entity may elect to do so (on an entity-by-entity basis) for a legal entity that is both not subject to tax and disregarded by the taxing authority), 4) requiring that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date and 5) making minor improvements for income tax accounting related to employee stock ownership plans and investments in qualified affordable housing projects accounted for using the equity method. The guidance will be effective for fiscal years and interim periods beginning after December 15, 2020. Different components of the guidance require retrospective, modified retrospective or prospective adoption, and early adoption is permitted. The adoption did not have nor is expected to have a material impact on our results of operations, financial position or disclosures.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Schedule of dilutive shares not included loss per share	Three Months Ended Six Months Ended June 30, June 30, Dilutive shares not included in loss per share computation 2021 2020 2021 2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Warrants 50,000,000 50,000,000 50,000,000 50,000,000

Accounts Payable (Tables)

Accounts Payable (Tables)	6 Months Ended
	Jun. 30, 2021
Payables and Accruals [Abstract]
Schedule of accounts payable	June 30, December 31, (Unaudited) Payroll $ 1,282,500 $ 997,500 Professional fees 115,387 138,123 Listing fees 2,148 1,621 Others 2,564 2,565 Total $ 1,402,599 $ 1,139,809

Related Party Transactions an_2

Related Party Transactions and Balances (Tables)	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Schedule of related party transactions	Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Loan from a shareholder $ 9,965 $ 8,284 $ 38,516 $ 36,133 Interest expense to a shareholder 11,536 10,193 22,180 19,673 Fee for professional services provided by related parties 28,500 28,500 57,000 57,000 License fee expense to a related party $ 12,500 $ 12,500 $ 25,000 $ 25,000
Schedule of related party payables	June 30, December 31, (Unaudited) Loan from a shareholder $ 469,122 $ 430,606 Interest payable to a shareholder 110,891 88,711 Payable to a related party for license fee 212,500 187,500 Professional fee payable to related parties 380,000 323,000 Due from a related party $ 2,196,500 $ 2,196,500

Stockholder's Equity (Tables)

Stockholder's Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of warrants	Number of warrants (Unaudited) Warrants as at December 31, 2020 50,000,000 Warrants granted - Exercised, forfeited or expired - Outstanding at June 30, 2021 50,000,000 Exercisable at June 30, 2021 50,000,000
Schedule of information about the outstanding warrants.	Warrants outstanding Warrants exercisable Exercise Number Weighted Weighted average Number Weighted (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) $ 0.01 50,000,000 0.92 $ 0.01 50,000,000 $ 0.01
Schedule of reconciliation of the shares available to be issued	Shares (Unaudited) Balance as of December 31, 2020 8,485,000 Stock awards granted - Stock awards forfeited - Balance as of June 30, 2021 8,485,000

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of income taxes computed at the statutory rate	Income tax provision at the federal statutory rate 21 % Effect of operating losses (21 )% - %
Schedule of net deferred tax assets	June 30, December 31, (Unaudited) Net operating loss carry forward $ 532,176 $ 447,024 Valuation allowance (532,176 ) (447,024 ) Net deferred tax asset $ - $ -
Schedule of income taxes computed at the statutory rate	Three Months ended Six Months Ended June 30, June 30, 2020 2020 2020 2020 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Tax at statutory rate (21%) $ 42,245 $ 42,239 $ 85,152 $ 84,105 Increase in valuation allowance (42,245 ) (42,239 ) (85,152 ) (84,105 ) Income tax expenses $ - $ - $ - $ -

Organization and Principal Ac_2

Organization and Principal Activities (Details) - shares	1 Months Ended	12 Months Ended
	Nov. 30, 2017	Dec. 31, 2018
Organization and Principal Activities (Details) [Line Items]
Shares of common stock to certain consultants for services rendered		1,515,000
Securities purchase agreements, description		In December 2018, the Company entered into a series of securities purchase agreements with certain non-affiliate investors for the sale of 6,655,750 shares of the Company’s common stock for aggregate consideration of $2,196,500. Of the shares sold, 5,972,582 were issued to six investors for $1,851,500 and the remaining 683,168 shares were sold to a single investor for $345,000.
PBG Water Solutions International Inc. [Member]
Organization and Principal Activities (Details) [Line Items]
Exchange for shares of our common stock	46,839,439
PBG Water Solutions International Inc. [Member] | Series A Preferred Stock [Member]
Organization and Principal Activities (Details) [Line Items]
Exchange for shares of our common stock	19,000
Convertibility preferred stock convertible into shares of common stock	1,000
Series of Individually Immaterial Business Acquisitions [Member] | PBG Water Solutions International Inc. [Member]
Organization and Principal Activities (Details) [Line Items]
Percentage of acquired outstanding capital stock	100.00%
Percentage of Issued and outstanding capital stock	83.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - Schedule of dilutive shares not included loss per share - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive shares not included in loss per share computation	50,000,000	50,000,000	50,000,000	50,000,000

Due from a Related Party (Detai

Due from a Related Party (Details)	1 Months Ended
	Dec. 31, 2018USD ($)shares
Due From Related Party Transactions [Abstract]
Proceeds from issuance of debt | $	$ 2,196,500
Issue common shares for capital, shares | shares	6,655,750

Accounts Payable (Details) - Sc

Accounts Payable (Details) - Schedule of accounts payable - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Schedule of accounts payable [Abstract]
Payroll	$ 1,282,500	$ 997,500
Professional fees	115,387	138,123
Listing fees	2,148	1,621
Others	2,564	2,565
Total	$ 1,402,599	$ 1,139,809

Related Party Transactions an_3

Related Party Transactions and Balances (Details) - USD ($)	May 01, 2018	Feb. 28, 2018	Dec. 31, 2018	Apr. 30, 2017	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transactions and Balances (Details) [Line Items]
Lender warrants	5 years
Lender purchase	$ 50,000,000
Cash less warrant to purchase of common stock (in Shares)	50,000,000
Warrant exercisable, description	The warrant cannot be exercised before June 1, 2019, and shall be void and non-exercisable if the Company (i) raises more than $20 million in equity or (ii) has revenue in excess of $100 million in any fiscal year.
Long-term loan from a shareholder					$ 9,965	$ 8,284	$ 9,965	$ 8,284
Lender provided					38,516	36,133	38,516	36,133
Interest expense					11,536	10,193	22,180	19,673
Professional service expense					28,500	28,500
Professional fees expenses							57,000	$ 57,000
License fee expenses					12,500	$ 12,500
Issue common shares for capital, shares (in Shares)			6,655,750
Lender [Member]
Related Party Transactions and Balances (Details) [Line Items]
Long-term loan from a shareholder					$ 469,122		$ 469,122		$ 430,606
PBG Water Solutions International Inc. [Member]
Related Party Transactions and Balances (Details) [Line Items]
Financial advisory agreement, description		PBG Water Solutions entered into a financial advisory agreement with Rebus Capital Group (“Rebus”), an entity affiliated with a shareholder of the Company, pursuant to which PBG Water Solutions will pay Rebus $30,000 per quarter. The agreement has a term of five years from March 2018 but is cancellable by either party on sixty days’ notice. The service fee for the first 3 months was waived by Rebus.
License and supply agreement, description				PBG Water Solutions entered into a License and Supply Agreement with an individual shareholder who owned 50% of PBG Water Solutions’ common stock and the shareholder’s majority owned company Beijing QHY Environment S & T Co., Ltd. (“Beijing QHY”). Pursuant to the License and Supply Agreement and its Amendment entered into in June 2017, the individual shareholder and Beijing QHY (the “Licensor”) granted PBG the exclusive use of 21 patents in any area outside the People’s Republic of China (the “PRC”) for 20 years. A one-time fee of $1 million shall be paid before December 31, 2021, and royalties of 1% of the net revenue received by PBG from the sale, license or other distribution of the licensed products shall be paid annually.
PBG Water Solutions International Inc. [Member] | License [Member]
Related Party Transactions and Balances (Details) [Line Items]
Ownership percentage					47.15%		47.15%
Common Stock [Member]
Related Party Transactions and Balances (Details) [Line Items]
Issue common shares for capital, shares (in Shares)			6,655,750				25,000	25,000
Amount of aggregate consideration			$ 2,196,500
Credit Loan Agreement [Member]
Related Party Transactions and Balances (Details) [Line Items]
Ownership percentage	28.29%
Loan amount	$ 500,000
Credit loan term	2 years
Annual interest rate	10.00%
Exercise price (in Dollars per share)	$ 0.01

Related Party Transactions an_4

Related Party Transactions and Balances (Details) - Schedule of related party transactions - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule of related party transactions [Abstract]
Loan from a shareholder	$ 9,965	$ 8,284	$ 38,516	$ 36,133
Interest expense to a shareholder (in Shares)	11,536	10,193	22,180	19,673
Fee for professional services provided by related parties	$ 28,500	$ 28,500	$ 57,000	$ 57,000
License fee expense to a related party	$ 12,500	$ 12,500	$ 25,000	$ 25,000

Related Party Transactions an_5

Related Party Transactions and Balances (Details) - Schedule of related party payables - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Schedule of related party payables [Abstract]
Loan from a shareholder (in Dollars)	$ 469,122	$ 430,606
Interest payable to a shareholder	110,891	88,711
Payable to a related party for license fee	212,500	187,500
Professional fee payable to related parties	380,000	323,000
Due from a related party (in Dollars)	$ 2,196,500	$ 2,196,500

Stockholder's Equity (Details)

Stockholder's Equity (Details) - USD ($)	Nov. 30, 2018	Apr. 30, 2018	Dec. 31, 2018	Oct. 31, 2018	Jun. 30, 2021	Dec. 31, 2020	Jul. 31, 2018
Stockholder's Equity (Details) [Line Items]
Shares issued of common stock					1,515,000
Common stock agreement, description				the Company hired certain consultants to provide general advisory services relating to the Company operating as a publicly traded enterprise, strategic planning and execution, corporate governance and financial reporting. Pursuant to each agreement, the service term is 12 months and the Company shall pay the Consultants an aggregate of 1,500,000 shares of the Company’s common stock which was delivered at inception of the Agreements
Estimated stock of fair value (in Dollars per share)					$ 0.4075
Fair value of common stock (in Dollars)					$ 617,550
Issue common shares for capital, shares			6,655,750
Due from a related party (in Dollars)			$ 2,196,500		$ 2,196,500	$ 2,196,500
Common stock, shares authorized					1,000,000,000	1,000,000,000
Minimum [Member]
Stockholder's Equity (Details) [Line Items]
Common stock authorized		70,000,000
Maximum [Member]
Stockholder's Equity (Details) [Line Items]
Common stock authorized		1,000,000,000
Common stock, shares authorized							10,000,000
Warrant [Member]
Stockholder's Equity (Details) [Line Items]
Fair value stock warrants granted (in Dollars)					$ 4,540,000
Exercise price (in Dollars per share)					$ 0.01
Exercise price					0.0266
Expected lives term					3 years
Average expected volatility					35.00%
Common Stock [Member]
Stockholder's Equity (Details) [Line Items]
Shares issued of common stock	20,000	46,839,439			15,000
Series A Convertible Preferred Stock [Member]
Stockholder's Equity (Details) [Line Items]
Shares issued of common stock		19,000
Series A Convertible Preferred Stock [Member] | PBG Water Solution [Member]
Stockholder's Equity (Details) [Line Items]
Common stock authorized		19,000,000
Shares issued of common stock		19,000

Stockholder's Equity (Details)

Stockholder's Equity (Details) - Schedule of warrants - Warrant [Member]	6 Months Ended
	Jun. 30, 2021shares
Stockholder's Equity (Details) - Schedule of warrants [Line Items]
Number of Warrants, Beginning	50,000,000
Number of Warrants granted
Number of warrants Exercised, forfeited or expired
Number of warrants Outstanding, Ending	50,000,000
Number of warrants Exercisable	50,000,000

Stockholder's Equity (Details_2

Stockholder's Equity (Details) - Schedule of information about the outstanding warrants. - Warrant [Member]	6 Months Ended
	Jun. 30, 2021USD ($)$ / sharesshares
Class of Warrant or Right [Line Items]
Exercise price	$ 0.01
Warrants outstanding Number outstanding (in Dollars) | $	$ 50,000,000
Warrants outstanding Weighted average remaining contractual life (in years)	11 months 1 day
Warrants outstanding Weighted average exercise price	$ 0.01
Warrants exercisable Number exercisable (in Shares) | shares	50,000,000
Warrants exercisable Weighted average exercise price	$ 0.01

Stockholder's Equity (Details_3

Stockholder's Equity (Details) - Schedule of reconciliation of the shares available to be issued	6 Months Ended
	Jun. 30, 2021shares
Schedule of reconciliation of the shares available to be issued [Abstract]
Balance beginning	8,485,000
Stock awards granted
Stock awards forfeited
Balance ending	8,485,000

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of effective income tax rate reconciliation	6 Months Ended
	Jun. 30, 2021
Schedule of effective income tax rate reconciliation [Abstract]
Income tax provision at the federal statutory rate	21.00%
Effect of operating losses	(21.00%)
Effective income tax rate continuing operations	0.00%

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of net deferred tax assets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Schedule of net deferred tax assets [Abstract]
Net operating loss carry forward	$ 532,176	$ 447,024
Valuation allowance	(532,176)	(447,024)
Net deferred tax asset

Income Taxes (Details) - Sche_3

Income Taxes (Details) - Schedule of income taxes computed at the statutory rate - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule of income taxes computed at the statutory rate [Abstract]
Tax at statutory rate (21%)	$ 42,245	$ 42,239	$ 85,152	$ 84,105
Increase in valuation allowance	(42,245)	(42,239)	(85,152)	(84,105)
Income tax expenses

Income Taxes (Details) - Sche_4

Income Taxes (Details) - Schedule of income taxes computed at the statutory rate (Parentheticals)	3 Months Ended
	Jun. 30, 2021
Schedule of income taxes computed at the statutory rate [Abstract]
Tax at statutory rate	21.00%

Other Income (Details)

Other Income (Details)	1 Months Ended
	Apr. 30, 2020USD ($)
Other Income and Expenses [Abstract]
PBG Water Solutions received	$ 7,000