Dongxing International (DNXG) 10-Q 13 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 12, 2019
Document And Entity Information
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Current Fiscal Year End Date	--12-31
Entity File Number	0-54112
Entity Registrant Name	Dongxing International Inc.
Entity Central Index Key	0001500861
Entity Tax Identification Number	16-1783194
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	Room 1001 International Finance Building
Entity Address, Address Line Two	633 Keji'er Street
Entity Address, Address Line Three	Songbei District
Entity Address, City or Town	Harbin, Heilongjiang Province
Entity Address, Country	CN
Entity Address, Postal Zip Code	150028
City Area Code	86-1394
Local Phone Number	6000887
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true
Entity Common Stock, Shares Outstanding		30,000,000
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Current Assets
Cash	$ 869	$ 638
Accounts receivable, net of allowance of $19,460 and $20,055, respectively	38,232	42,110
Inventories	2,052	2,645
Project in progress	54,426	56,089
Other current assets	1,880	7,889
Total Current Assets	97,459	109,371
Other Assets
Office equipment, net of accumulated depreciation of $9,577 and $8,865, respectively	1,608	2,661
Total Assets	99,067	112,032
Current Liabilities
Due to related parties	469,752	418,436
Advance from customers	54,426	56,089
Accrued expenses and other payables	52,780	70,530
Total Current Liabilities	576,958	545,055
Total Liabilities	576,958	545,055
Stockholders' Deficiency
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding
Common stock, $0.0001 par value, 250,000,000 shares authorized, 30,000,000 shares issued and outstanding	3,000	3,000
Additional paid-in capital	660,041	660,041
Accumulated deficit	(1,102,200)	(1,045,478)
Accumulated other comprehensive income (loss)	18,099	4,007
Total Stockholders' Deficiency of Dongxing International Inc.	(421,060)	(378,430)
Non-controlling interest	(56,831)	(54,593)
Total Stockholders' Deficiency	(477,891)	(433,023)
Total Liabilities and Stockholders' Deficiency	$ 99,067	$ 112,032

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 19,460	$ 20,055
Accumulated depreciation	$ 9,577	$ 8,865
Preferred stock, par value per share	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	30,000,000	30,000,000
Common stock, shares outstanding	30,000,000	30,000,000

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Revenue	$ 19,261	$ 1,029	$ 40,195	$ 2,425
Cost of revenue	765		2,723	1,083
Gross profit	18,496	1,029	37,472	1,342
Operating expenses
Selling, general and administrative expense	33,914	72,620	103,018	151,201
Total operating expenses	33,914	72,620	103,018	151,201
Loss from operations	(15,418)	(71,591)	(65,546)	(149,859)
Other income:
Subsidy income			5,840
Interest income	2	1	4	5
Other income		30		86
Total other income	2	31	5,844	91
Loss before provision for income tax	(15,416)	(71,560)	(59,702)	(149,768)
Provision for income tax
Net loss	(15,416)	(71,560)	(59,702)	(149,768)
Less: Loss attributable to non-controlling interest	(771)	(3,578)	(2,980)	(7,479)
Net loss attributable to Dongxing International Inc.	(14,645)	(67,982)	(56,722)	(142,289)
Other comprehensive income (loss)
Foreign currency translation adjustment	13,483	15,508	14,834	22,003
Comprehensive loss	(1,933)	(56,052)	(44,868)	(127,765)
Less: Comprehensive loss attributable to non-controlling interest	(97)	(2,802)	(2,238)	(6,379)
Comprehensive loss attributable to Dongxing International Inc.	$ (1,836)	$ (53,250)	$ (42,630)	$ (121,386)
Loss per share - Basic and Diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding - Basic and Diluted	30,000,000	30,000,000	30,000,000	30,000,000

Consolidated Statements Of Stoc

Consolidated Statements Of Stockholders' Equity Deficiency (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Stock Subscription Receivable [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (loss) [Member]	Non-Controlling Interest [Member]	Total
Balance preferred stock, shares at Dec. 31, 2017
Balance common stock, shares at Dec. 31, 2017		30,000,000
Balance, value at Dec. 31, 2017		$ 3,000	$ 850,041	$ (200,000)	$ (876,415)	$ (14,918)	$ (46,700)	$ (284,992)
Net loss					(29,272)			(29,272)
Foreign currency translation adjustment						(11,163)	(587)	(11,750)
Balance preferred stock , shares at Mar. 31, 2018
Balance common stock, shares at Mar. 31, 2018		30,000,000
Balance, value at Mar. 31, 2018		$ 3,000	850,041	(200,000)	(905,687)	(26,081)	(48,819)	(327,546)
Balance preferred stock, shares at Dec. 31, 2017
Balance common stock, shares at Dec. 31, 2017		30,000,000
Balance, value at Dec. 31, 2017		$ 3,000	850,041	(200,000)	(876,415)	(14,918)	(46,700)	(284,992)
Cancellation of subscription receivable in relation to 1-for-2,000,000 reverse split								190,000
Net loss								(149,768)
Foreign currency translation adjustment								22,003
Balance preferred stock , shares at Sep. 30, 2018
Balance common stock, shares at Sep. 30, 2018		30,000,000
Balance, value at Sep. 30, 2018		$ 3,000	660,041		(1,018,704)	5,985	(53,079)	(402,757)
Balance preferred stock, shares at Mar. 31, 2018
Balance common stock, shares at Mar. 31, 2018		30,000,000
Balance, value at Mar. 31, 2018		$ 3,000	850,041	(200,000)	(905,687)	(26,081)	(48,819)	(327,546)
Subscription received by conversion of related party loan				10,000				10,000
Net loss					(45,035)		(2,369)	(47,404)
Foreign currency translation adjustment						17,334	911	18,245
Balance preferred stock , shares at Jun. 30, 2018
Balance common stock, shares at Jun. 30, 2018		3,000,000
Balance, value at Jun. 30, 2018		$ 3,000	850,041	(190,000)	(950,722)	(8,747)	(50,277)	(346,705)
Cancellation of subscription receivable in relation to 1-for-2,000,000 reverse split			(190,000)	190,000
Net loss					(67,982)		(3,578)	(71,560)
Foreign currency translation adjustment						14,732	776	15,508
Balance preferred stock , shares at Sep. 30, 2018
Balance common stock, shares at Sep. 30, 2018		30,000,000
Balance, value at Sep. 30, 2018		$ 3,000	660,041		(1,018,704)	5,985	(53,079)	$ (402,757)
Balance preferred stock, shares at Dec. 31, 2018								0
Balance common stock, shares at Dec. 31, 2018		30,000,000						30,000,000
Balance, value at Dec. 31, 2018		$ 3,000	660,041		(1,045,478)	4,007	(54,593)	$ (433,023)
Net loss					(28,151)		(1,479)	(29,630)
Foreign currency translation adjustment						(8,086)	(426)	(8,512)
Balance preferred stock , shares at Mar. 31, 2019
Balance common stock, shares at Mar. 31, 2019		30,000,000
Balance, value at Mar. 31, 2019		$ 3,000	660,041		(1,073,629)	(4,079)	(56,498)	$ (471,165)
Balance preferred stock, shares at Dec. 31, 2018								0
Balance common stock, shares at Dec. 31, 2018		30,000,000						30,000,000
Balance, value at Dec. 31, 2018		$ 3,000	660,041		(1,045,478)	4,007	(54,593)	$ (433,023)
Cancellation of subscription receivable in relation to 1-for-2,000,000 reverse split
Net loss								(59,702)
Foreign currency translation adjustment								$ 14,834
Balance preferred stock , shares at Sep. 30, 2019								0
Balance common stock, shares at Sep. 30, 2019		30,000,000						30,000,000
Balance, value at Sep. 30, 2019		$ 3,000	660,041		(1,102,200)	18,099	(56,831)	$ (477,891)
Balance preferred stock, shares at Mar. 31, 2019
Balance common stock, shares at Mar. 31, 2019		30,000,000
Balance, value at Mar. 31, 2019		$ 3,000	660,041		(1,073,629)	(4,079)	(56,498)	(471,165)
Net loss					(13,926)		(730)	(14,656)
Foreign currency translation adjustment						9,369	494	9,863
Balance preferred stock , shares at Jun. 30, 2019
Balance common stock, shares at Jun. 30, 2019		30,000,000
Balance, value at Jun. 30, 2019		$ 3,000	660,041		(1,087,555)	5,290	(56,734)	(475,958)
Net loss					(14,645)		(771)	(15,416)
Foreign currency translation adjustment						12,809	674	$ 13,483
Balance preferred stock , shares at Sep. 30, 2019								0
Balance common stock, shares at Sep. 30, 2019		30,000,000						30,000,000
Balance, value at Sep. 30, 2019		$ 3,000	$ 660,041		$ (1,102,200)	$ 18,099	$ (56,831)	$ (477,891)

Consolidated Statements Of St_2

Consolidated Statements Of Stockholders' Equity Deficiency (Parenthetical)	9 Months Ended
	Sep. 30, 2018
Statement of Stockholders' Equity [Abstract]
Reverse stock split	1-for-2,000,000

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOW FROM OPERATING ACTIVITIES
Net loss	$ (59,702)	$ (149,768)
Adjustment to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,005	1,033
Reversal of bad debt provision		7,209
Change in operating assets and liabilities:
Accounts receivable	(2,713)	(7,209)
Inventory	(531)	484
Lease payment receivable		(3,835)
Prepaid rent		(29,535)
Other current assets	(5,960)	(13,894)
Accrued expenses and other payables	(16,159)	(11,862)
Net cash used in operating activities	(65,652)	(113,817)
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of office equipment		1,689
Net cash used in investing activities		(1,689)
CASH FLOW FROM FINANCING ACTIVITIES
Proceeds from related party loan, net of repayment	65,911	116,009
Net cash provided by financing activities	65,911	116,009
Effect of exchange rate changes on cash	(28)	32
INCREASE IN CASH	231	535
Cash - beginning of period	638	1,644
Cash - ending of period	869	2,179
Supplement disclosure information
Cash paid for interest
Cash paid for income taxes
Non-cash financing activities
Subscription received by conversion of related party loan		10,000
Cancellation of subscription receivable in relation to 1-for-2,000,000 reverse split		$ 190,000

Consolidated Statements Of Ca_2

Consolidated Statements Of Cash Flows (Parenthetical)	9 Months Ended
	Sep. 30, 2018
Statement of Cash Flows [Abstract]
Reverse stock split	1-for-2,000,000

Corporate Information

Corporate Information	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Corporate Information	NOTE 1 - CORPORATE INFORMATION Dongxing International Inc. (the “Company” or “Dongxing”) was incorporated in June 2010 in accordance with the laws of the State of Delaware under the name Apex 1, Inc. On November 19, 2015 the Company's corporate name was changed to “Dongxing International Inc.” On September 30, 2016, the Company entered into and closed a share exchange agreement with Central Dynamic Holdings Limited (“Central Dynamic”) and its shareholders. Pursuant to the terms of the exchange agreement, the shareholders, who together owned 100% of the ownership rights in Central Dynamic, agreed to transfer all of the issued and outstanding shares of common stock into the Company in exchange for the issuance of an aggregate of 25,000,000 shares of the Company’s common stock, par value $0.0001 per share. As a result of the share exchange, the Central Dynamic shareholders become the majority shareholders and have control of the Company. The acquisition of Central Dynamic was accounted for as a reverse merger effected by a share exchange agreement. Dongxing is considered the legal acquirer and Central Dynamic and its subsidiaries is considered the accounting acquirer. Accordingly, the historical financial statements presented are those of Central Dynamic and its subsidiaries. Central Dynamic Holdings Limited is incorporated under the laws of the British Virgin Islands. Dongxing Holdings Limited (“Dongxing BVI”), which is a wholly owned subsidiary of Central Dynamic, is also incorporated under the laws of the British Virgin Islands. Dongxing Holdings Limited (“Dongxing HK”), a wholly owned subsidiary of Dongxing BVI, is incorporated under the laws of Hong Kong. Harbin Donghui Technology Co., Ltd. (“Harbin Donghui”), a wholly-owned subsidiary of Dongxing HK, is incorporated under the laws of the People's Republic of China ("PRC"). Harbin Dongxing Energy Saving Technical Service Co., Ltd. (“Harbin Dongxing”), a limited liability company incorporated under the laws of the PRC, is effectively and substantially controlled by Harbin Donghui through a series of agreements known as variable interest agreements (the “VIE agreements”) dated March 30, 2016 pursuant to which Harbin Dongxing became Harbin Donghui’s contractually controlled affiliate. The VIE Agreements provide that Harbin Donghui will receive 95% of the net profit or loss derived from the operations of Harbin Dongxing and its subsidiaries. Central Dynamic and its wholly owned subsidiaries, Dongxing BVI, Dongxing HK and Harbin Donghui, are holding companies with no business operation. Harbin Dongxing provides Energy Diagnosis, Project Design, Project Auditing, Equipment Procurement Services, Construction Engineering, Personnel Training, and Technology Consulting to customers. Harbin Dongxing Online Technology Co., Ltd (“Dongxing Online”), which is 100% owned by Harbin Dongxing, engages in Software Development, Website Production, Systems Integration, Web Merchandise Sales, and Import and Export of Goods. Until November 4, 2016, Harbin Dongrong Business Management Consulting Co., Ltd (“Harbin Dongrong”), which is 100% owed by Harbin Dongxing, engaged in lighting design and construction for urban roads and landscapes. Since that date, the scope of Harbin Dongrong's business has entailed business consulting, marketing planning, and advertising.

Going Concern

Going Concern	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 2 – GOING CONCERN The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company had a working capital deficit of $479,499 and an accumulated deficit of $1,102,200 as of September 30, 2019, at which time the Company's stockholders’ deficiency was $421,060. The Company has not generated cash or income from its operation since inception. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. The Company plans to rely on the proceeds from loans from both unrelated and related parties to provide the resources necessary to fund the development of our business plan and operations. The Company also plans to raise funds from domestic and foreign banks and/or financial institutions to increase working capital in order to meet capital demands. However, no assurance can be given that the Company will be successful in raising additional capital.

Basis Of Presentation And Summa

Basis Of Presentation And Summary Of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	NOTE 3 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Preparation and Consolidation The accompanying unaudited interim consolidated financial statements (“interim statements”) of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X issued by the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of the Company’s management, the accompanying unaudited interim financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present fairly the financial position of the Company as of September 30, 2019 and the results of operations and cash flows for the periods ended September 30, 2019 and 2018. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results of operations for the three and nine months ended September 30, 2019 are not necessarily indicative of the operating results for the full fiscal year or any future period. The balance sheet as of December 31, 2018 has been derived from the audited financial statements at that date. These unaudited consolidated financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC on April 15, 2019. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries and entities controlled through the VIE agreements. All significant inter-company accounts and transactions have been eliminated in consolidation. Lease In February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on their balance sheet and disclose key information about the leasing arrangements. The new standard establishes a right-of-use model (“ROU”) that requires a lessee to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. The new standard is effective for us on January 1, 2019, with early adoption permitted. An entity may choose to use either (1) its effective date or (2) the beginning of the earliest comparative period presented in the financial statements as its date of initial application. The Company adopted the new standard on January 1, 2019 and used the effective date as our date of initial application. Consequently, financial information is not provided for the dates and periods before January 1, 2019. The new standard provides a number of optional expedients in transition. The Company elected the package of practical expedients which permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. The new standard has no material effect on our consolidated financial statements as the Company does not have a lease with a term longer than 12 months. Foreign Currency The Company and its subsidiaries maintain their books and records in their functional currency, RMB or HKD. The consolidated financial statements of the Company are translated from Renminbi (“RMB”) or Hong Kong dollars (“HKD”) into United States dollars (U.S. Dollars or “US$” or “$”). Accordingly, assets and liabilities of the Company and its subsidiaries are translated from RMB or HKD to U.S. Dollars using the applicable exchange rates prevailing at the balance sheet date. Items on the statement of comprehensive income (loss) and cash flows are translated at average exchange rates during the reporting period. Equity accounts are translated at historical rates. Adjustments resulting from the translation of the Company’s financial statements are recorded as accumulated other comprehensive income (loss). The exchange rates used to translate amounts in RMB or HKD into U.S. Dollars for the purposes of preparing the consolidated financial statements are based on the rates as published on the website of People’s Bank of China and are as follows: September 30, 2019 December 31, 2018 Balance sheet items, except for equity accounts US$1=RMB7.0729 US$1=RMB6.8632 US$1=HKD7.8413 US$1=HKD7.8329 Nine Months Ended September 30 2019 2018 Items in the statements of comprehensive loss and cash flows US$1=RMB6.8541 US$1=RMB6.5196 US$1=HKD7.8378 US$1=HKD7.8410 No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the above rates. The value of RMB against U.S. dollars and other currencies may fluctuate and is affected by, among other things, changes in China’s political and economic conditions. Any significant revaluation of RMB may materially affect the Company’s financial condition in terms of U.S. dollar reporting. Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard bodies that may have an impact on the Company’s accounting and reporting. The Company believes that any recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations, and cash flows when implemented.

Related Party Transactions And

Related Party Transactions And Balances	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions and Balances	NOTE 4 - RELATED PARTY TRANSACTIONS AND BALANCES The amounts of due to related parties are non-interest bearing and due on demand. The balance of due to related parties consists of the following: Notes September 30, 2019 December 31, 2018 Stockholders Cheng, Zhao (1) $ 438,689 $ 369,702 Jufang, Yang (3) 7,069 7,285 Other related parties Harbin Dongke Optronics Science and Technology Co., Ltd. ("Dongke") (2) 23,994 41,449 Total due to related parties $ 469,752 $ 418,436 (1) Mr. Cheng Zhao is the Company's CEO and a stockholder. During the nine months ended September 30, 2019 and 2018, Mr. Cheng advanced $82,656 and $144,400 respectively to the Company. On April 16, 2018, the Company signed a lease agreement with Mr. Cheng Zhao to lease office space from Mr. Cheng Zhao in China for approximately $12,000 (RMB80,000) for the rent period from May 1, 2018 to December 31, 2018. The lease was renewed on December 29, 2018 for one year until December 31, 2019 for approximately $18,000 (RMB120,000) per annum. Rent expense incurred to Mr. Cheng Zhao was approximately $13,000 and $7,700 for the nine months ended September 30, 2019 and 2018, respectively. (2) Dongke is a company organized in China. Mr. Cheng Zhao, stockholder and Chief Executive Officer of the Company, was the president of Dongke until 2015. During the nine months ended September 30, 2019 and 2018, the Company made repayment of $16,745 and $28,391 respectively to Dongke on account of prior advances. (3) Ms. Jufang Yang is a stockholder of the Company.

Accrued Expenses And Other Paya

Accrued Expenses And Other Payables	9 Months Ended
	Sep. 30, 2019
Payables and Accruals [Abstract]
Accrued Expenses and Other Payables	NOTE 5 - ACCRUED EXPENSES AND OTHER PAYABLES Accrued expenses and other payables consisted of the following: September 30, December 31, Accrued expenses $ 19,000 $ 38,115 Tax payable — 516 Deposit payable 24,106 24,843 Salary payable 5,540 6,844 Others 4,134 212 $ 52,780 $ 70,530

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Income Taxes	NOTE 6 - INCOME TAXES The Company was incorporated in the United States and has operations in four tax jurisdictions - the United States, the Hong Kong Special Administrative Region (“HK SAR”), the PRC, and the British Virgin Islands (“BVI”). The Company’s BVI operations are not subject to any taxes according to BVI tax law. The Company’s HK SAR subsidiary is subject to a 16.5% profit tax based on its taxable net profit. The Company’s U.S. operations are subject to income tax according to U.S. tax law. The Company’s three operating subsidiaries, Harbin Dongxing, Dongxing Online and Harbin Dongrong, are generally subject to PRC enterprise income tax (“EIT”). These three companies are subject to an EIT rate of 25% under China’s Unified Enterprise Income Tax Law (“New Tax Law”). A reconciliation of the provision for income taxes determined at the U.S. statutory rate of 21% to the Company's effective income tax rate is as follows: Nine Months Ended September 30, 2019 2018 Loss before provision for income tax $ (59,702 ) $ (149,768 ) U.S. federal corporate income tax rate 21 % 21 % Expected U.S. income tax credit (12,538 ) (31,451 ) Tax rate difference between U.S. and foreign operations (2,388 ) (5,983 ) Change of valuation allowance 14,926 37,434 Effective tax expense $ — $ — The Company had deferred tax assets as follows: September 30, December 31, 2019 2018 Net operating losses carried forward $ 213,543 $ 225,558 Less: Valuation allowance (213,543 ) (225,558 ) Net deferred tax assets $ — $ — As of September 30, 2019, the Company has approximately $855,000 net operating loss carryforwards available in China and HK SAR to reduce future taxable income. The net operating loss of Chinese subsidiaries could be carried forward for a period of not more than five years from the year of the initial loss pursuant to relevant PRC tax laws and regulations. The net operating loss from Hong Kong operations can be carried forward with no time limit from the year of the initial loss pursuant to relevant Hong Kong tax laws and regulations. It is more likely than not that the deferred tax assets cannot be utilized in the future because there will not be significant future earnings from the entity which generated the net operating loss. Therefore, the Company recorded a full valuation allowance on its deferred tax assets. As of September 30, 2019 and December 31, 2018, the Company has no material unrecognized tax benefits which would favorably affect the effective income tax rate in future periods, and does not believe that there will be any significant increases or decreases of unrecognized tax benefits within the next twelve months. No interest or penalties relating to income tax matters have been imposed on the Company during the nine months ended September 30, 2019 and 2018, and no provision for interest and penalties is deemed necessary as of September 30, 2019 and December 31, 2018. According to the PRC Tax Administration and Collection Law, the statute of limitations is three years if the underpayment of taxes is due to computational errors made by the taxpayer or its withholding agent. The statute of limitations extends to five years under special circumstances, which are not clearly defined. In the case of a related party transaction, the statute of limitation is ten years. There is no statute of limitation in the case of tax evasion. The U.S. Tax Cuts and Jobs Act (Tax Act) was enacted on December 22, 2017 and introduces significant changes to U.S. income tax law. Effective in 2018, the Tax Act reduced the U.S. statutory tax rate for corporations from 35% to 21% and created new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income tax and the base erosion tax, respectively. The Tax Act requires the Company to pay U.S. income taxes on accumulated foreign subsidiary earnings not previously subject to U.S. income tax at a rate of 15.5% to the extent of foreign cash and certain other net current assets and 8% on the remaining earnings. Since the Company’s foreign subsidiaries have not generated income since inception, the Company believes that Tax Act will not have significant impact on the Company’s consolidated financial statements.

Subsequent Event

Subsequent Event	9 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Event	NOTE 7 - SUBSEQUENT EVENT The Company has evaluated the existence of significant events subsequent to the balance sheet date through the date the financial statements were issued and has determined that there were no subsequent events or transactions which would require recognition or disclosure in the financial statements.

Basis Of Presentation And Sum_2

Basis Of Presentation And Summary Of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Preparation and Consolidation The accompanying unaudited interim consolidated financial statements (“interim statements”) of the Company have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X issued by the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of the Company’s management, the accompanying unaudited interim financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present fairly the financial position of the Company as of September 30, 2019 and the results of operations and cash flows for the periods ended September 30, 2019 and 2018. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results of operations for the three and nine months ended September 30, 2019 are not necessarily indicative of the operating results for the full fiscal year or any future period. The balance sheet as of December 31, 2018 has been derived from the audited financial statements at that date. These unaudited consolidated financial statements should be read in conjunction with the financial statements and related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC on April 15, 2019. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries and entities controlled through the VIE agreements. All significant inter-company accounts and transactions have been eliminated in consolidation.
Lease	Lease In February 2016, the FASB established Topic 842, Leases, by issuing Accounting Standards Update (ASU) No. 2016-02, which requires lessees to recognize leases on their balance sheet and disclose key information about the leasing arrangements. The new standard establishes a right-of-use model (“ROU”) that requires a lessee to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months. The new standard is effective for us on January 1, 2019, with early adoption permitted. An entity may choose to use either (1) its effective date or (2) the beginning of the earliest comparative period presented in the financial statements as its date of initial application. The Company adopted the new standard on January 1, 2019 and used the effective date as our date of initial application. Consequently, financial information is not provided for the dates and periods before January 1, 2019. The new standard provides a number of optional expedients in transition. The Company elected the package of practical expedients which permits us not to reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. The new standard has no material effect on our consolidated financial statements as the Company does not have a lease with a term longer than 12 months.
Foreign Currency	Foreign Currency The Company and its subsidiaries maintain their books and records in their functional currency, RMB or HKD. The consolidated financial statements of the Company are translated from Renminbi (“RMB”) or Hong Kong dollars (“HKD”) into United States dollars (U.S. Dollars or “US$” or “$”). Accordingly, assets and liabilities of the Company and its subsidiaries are translated from RMB or HKD to U.S. Dollars using the applicable exchange rates prevailing at the balance sheet date. Items on the statement of comprehensive income (loss) and cash flows are translated at average exchange rates during the reporting period. Equity accounts are translated at historical rates. Adjustments resulting from the translation of the Company’s financial statements are recorded as accumulated other comprehensive income (loss). The exchange rates used to translate amounts in RMB or HKD into U.S. Dollars for the purposes of preparing the consolidated financial statements are based on the rates as published on the website of People’s Bank of China and are as follows: September 30, 2019 December 31, 2018 Balance sheet items, except for equity accounts US$1=RMB7.0729 US$1=RMB6.8632 US$1=HKD7.8413 US$1=HKD7.8329 Nine Months Ended September 30 2019 2018 Items in the statements of comprehensive loss and cash flows US$1=RMB6.8541 US$1=RMB6.5196 US$1=HKD7.8378 US$1=HKD7.8410 No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the above rates. The value of RMB against U.S. dollars and other currencies may fluctuate and is affected by, among other things, changes in China’s political and economic conditions. Any significant revaluation of RMB may materially affect the Company’s financial condition in terms of U.S. dollar reporting.
Recent Accounting Pronouncements	Recent Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board or other standard bodies that may have an impact on the Company’s accounting and reporting. The Company believes that any recently issued accounting pronouncements and other authoritative guidance for which the effective date is in the future either will not have an impact on its accounting or reporting or that such impact will not be material to its financial position, results of operations, and cash flows when implemented.

Basis Of Presentation And Sum_3

Basis Of Presentation And Summary Of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Basis Of Presentation And Summary Of Significant Accounting Policies
Schedule of Exchange Rates of Foreign Currency	The exchange rates used to translate amounts in RMB or HKD into U.S. Dollars for the purposes of preparing the consolidated financial statements are based on the rates as published on the website of People’s Bank of China and are as follows: September 30, 2019 December 31, 2018 Balance sheet items, except for equity accounts US$1=RMB7.0729 US$1=RMB6.8632 US$1=HKD7.8413 US$1=HKD7.8329 Nine Months Ended September 30 2019 2018 Items in the statements of comprehensive loss and cash flows US$1=RMB6.8541 US$1=RMB6.5196 US$1=HKD7.8378 US$1=HKD7.8410

Related Party Transactions An_2

Related Party Transactions And Balances (Tables)	9 Months Ended
	Sep. 30, 2019
Related Party Transactions And Balances
Schedule of Balances of Due to Related Parties	The balance of due to related parties consists of the following: Notes September 30, 2019 December 31, 2018 Stockholders Cheng, Zhao (1) $ 438,689 $ 369,702 Jufang, Yang (3) 7,069 7,285 Other related parties Harbin Dongke Optronics Science and Technology Co., Ltd. ("Dongke") (2) 23,994 41,449 Total due to related parties $ 469,752 $ 418,436 (1) Mr. Cheng Zhao is the Company's CEO and a stockholder. During the nine months ended September 30, 2019 and 2018, Mr. Cheng advanced $82,656 and $144,400 respectively to the Company. On April 16, 2018, the Company signed a lease agreement with Mr. Cheng Zhao to lease office space from Mr. Cheng Zhao in China for approximately $12,000 (RMB80,000) for the rent period from May 1, 2018 to December 31, 2018. The lease was renewed on December 29, 2018 for one year until December 31, 2019 for approximately $18,000 (RMB120,000) per annum. Rent expense incurred to Mr. Cheng Zhao was approximately $13,000 and $7,700 for the nine months ended September 30, 2019 and 2018, respectively. (2) Dongke is a company organized in China. Mr. Cheng Zhao, stockholder and Chief Executive Officer of the Company, was the president of Dongke until 2015. During the nine months ended September 30, 2019 and 2018, the Company made repayment of $16,745 and $28,391 respectively to Dongke on account of prior advances. (3) Ms. Jufang Yang is a stockholder of the Company.

Accrued Expenses And Other Pa_2

Accrued Expenses And Other Payables (Tables)	9 Months Ended
	Sep. 30, 2019
Accrued Expenses And Other Payables
Schedule of Accrued Expenses and Other Payables	Accrued expenses and other payables consisted of the following: September 30, December 31, Accrued expenses $ 19,000 $ 38,115 Tax payable — 516 Deposit payable 24,106 24,843 Salary payable 5,540 6,844 Others 4,134 212 $ 52,780 $ 70,530

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2019
Disclosure Income Taxes Tables Abstract
Schedule of Reconcilation of Provision for Income Taxes	A reconciliation of the provision for income taxes determined at the U.S. statutory rate of 21% to the Company's effective income tax rate is as follows: Nine Months Ended September 30, 2019 2018 Loss before provision for income tax $ (59,702 ) $ (149,768 ) U.S. federal corporate income tax rate 21 % 21 % Expected U.S. income tax credit (12,538 ) (31,451 ) Tax rate difference between U.S. and foreign operations (2,388 ) (5,983 ) Change of valuation allowance 14,926 37,434 Effective tax expense $ — $ —
Schedule of Deferred Tax Assets	The Company had deferred tax assets as follows: September 30, December 31, 2019 2018 Net operating losses carried forward $ 213,543 $ 225,558 Less: Valuation allowance (213,543 ) (225,558 ) Net deferred tax assets $ — $ —

Basis Of Presentation And Sum_4

Basis Of Presentation And Summary Of Significant Accounting Policies (Details)	Sep. 30, 2019¥ / $$ / $		Dec. 31, 2018¥ / $$ / $		Sep. 30, 2018¥ / $$ / $
RMB [Member] | Items In The Statements Of Comprehensive Loss And Cash Flows [Member]
Foreign Currency Exchange Rate Translation | ¥ / $	6.8541	[1]			6.5196	[2]
HKD [Member] | Items In The Statements Of Comprehensive Loss And Cash Flows [Member]
Foreign Currency Exchange Rate Translation | $ / $	7.8378	[3]			7.8410	[4]
Balance Sheet Items, Except For Equity Accounts [Member] | RMB [Member]
Foreign Currency Exchange Rate Translation | ¥ / $	7.0729	[5]	6.8632	[6]
Balance Sheet Items, Except For Equity Accounts [Member] | HKD [Member]
Foreign Currency Exchange Rate Translation | $ / $	7.8413	[7]	7.8329	[8]
[1]	US$1=RMB6.8541
[2]	US$1=RMB6.5196
[3]	US$1=HKD7.8378
[4]	US$1=HKD7.8410
[5]	US$1=RMB7.0729
[6]	US$1=RMB6.8632
[7]	US$1=HKD7.8413
[8]	US$1=HKD7.8329

Related Party Transactions An_3

Related Party Transactions And Balances (Details) - USD ($)		Sep. 30, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Total due to related parties		$ 469,752	$ 418,436
Stockholders - Cheng, Zhao [Member]
Related Party Transaction [Line Items]
Total due to related parties	[1]	438,689	369,702
Stockholders - Jufang, Yang [Member]
Related Party Transaction [Line Items]
Total due to related parties	[2]	7,069	7,285
Other Related Parties - Harbin Dongke Optronics Science And Technology Co., Ltd. ("Dongke") [Member]
Related Party Transaction [Line Items]
Total due to related parties	[3]	$ 23,994	$ 41,449
[1]	Mr. Cheng Zhao is the Company's CEO and a stockholder. During the nine months ended September 30, 2019 and 2018, Mr. Cheng advanced $82,656 and $144,400 respectively to the Company. On April 16, 2018, the Company signed a lease agreement with Mr. Cheng Zhao to lease office space from Mr. Cheng Zhao in China for approximately $12,000 (RMB80,000) for the rent period from May 1, 2018 to December 31, 2018. The lease was renewed on December 29, 2018 for one year until December 31, 2019 for approximately $18,000 (RMB120,000) per annum. Rent expense incurred to Mr. Cheng Zhao was approximately $13,000 and $7,700 for the nine months ended September 30, 2019 and 2018, respectively.
[2]	Ms. Jufang Yang is a stockholder of the Company.
[3]	Dongke is a company organized in China. Mr. Cheng Zhao, stockholder and Chief Executive Officer of the Company, was the president of Dongke until 2015. During the nine months ended September 30, 2019 and 2018, the Company made repayment of $16,745 and $28,391 respectively to Dongke on account of prior advances.

Related Party Transactions An_4

Related Party Transactions And Balances (Details) (Parenthetical)	Apr. 16, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2019	Dec. 29, 2018USD ($)	Dec. 29, 2018CNY (¥)	Apr. 16, 2018CNY (¥)
Stockholders - Cheng, Zhao [Member]
Advance from related party		$ 82,656	$ 144,400
Stockholders - Cheng, Zhao [Member] | Lease Agreement [Member]
Annual amount agreed to be paid for the lease of office space	$ 12,000				$ 18,000
Lease rent period	Rent period from May 1, 2018 to December 31, 2018.
Lease renewal description				The lease was renewed on December 29, 2018 for one year until December 31, 2019
Rent expenses		13,000	7,700
Stockholders - Cheng, Zhao [Member] | Lease Agreement [Member] | RMB [Member]
Annual amount agreed to be paid for the lease of office space | ¥						¥ 120,000	¥ 80,000
Other Related Parties - Harbin Dongke Optronics Science And Technology Co., Ltd. ("Dongke") [Member]
Repayment of related party		$ 16,745	$ 28,391

Accrued Expenses And Other Pa_3

Accrued Expenses And Other Payables (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Disclosure Accrued Expenses And Other Payables Details Abstract
Accrued expenses	$ 19,000	$ 38,115
Tax payable		516
Deposit payable	24,106	24,843
Salary payable	5,540	6,844
Others	4,134	212
Total Accrued expenses and other payables	$ 52,780	$ 70,530

Income Taxes (Schedule of Recon

Income Taxes (Schedule of Reconcilation of Provision for Income Taxes) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Taxes Schedule Of Reconcilation Of Provision For Income Taxes
Loss before provision for income tax	$ (15,416)	$ (71,560)	$ (59,702)	$ (149,768)
U.S. federal corporate income tax rate			21.00%	21.00%
Expected U.S. income tax credit			$ 12,538	$ 31,451
Tax rate difference between U.S. and foreign operations			(2,388)	(5,983)
Change of valuation allowance			14,926	37,434
Effective tax expense

Income Taxes (Schedule Of Defer

Income Taxes (Schedule Of Deferred Tax Assets) (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Income Taxes Schedule Of Deferred Tax Assets
Net operating losses carried forward	$ 213,543	$ 225,558
Less: Valuation allowance	213,543	225,558
Net deferred tax assets

Corporate Information (Narrativ

Corporate Information (Narrative) (Details)	Sep. 30, 2016	Sep. 30, 2019
Harbin Donghui percentage of share received from Harbin Dongxing and its subsidiaries		95.00%
Dongxing Online percentage own by Harbin Dongxing		100.00%
Business Management Consulting Co., Ltd percentage owed by Harbin Dongxing		100.00%
Share Exchange Agreement With Central Dynamic Holdings Ltd And Its Shareholders [Member]
Ownership interest acquired under share exchange agreement	100.00%
Share exchange agreement description	On September 30, 2016, the Company entered into and closed a share exchange agreement with Central Dynamic Holdings Limited (“Central Dynamic”) and its shareholders. Pursuant to the terms of the exchange agreement, the shareholders, who together owned 100% of the ownership rights in Central Dynamic, agreed to transfer all of the issued and outstanding shares of common stock into the Company in exchange for the issuance of an aggregate of 25,000,000 shares of the Company’s common stock, par value $0.0001 per share.

Going Concern (Narrative) (Deta

Going Concern (Narrative) (Details)	Sep. 30, 2019USD ($)
Going Concern Narrative
Working capital deficit	$ 479,499

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	9 Months Ended
	Sep. 30, 2019USD ($)
Inland Revenue, Hong Kong Special Administrative Region [Member]
Income tax rate	16.50%
China's Unified Enterprise Income Tax Law [Member] | Three China Operating Subsidiaries - Harbin Dongxing, Dongxing Online And Harbin Dongrong [Member]
Income tax rate	25.00%
Net operating loss carryforward	$ 855,000
Internal Revenue Service (IRS) [Member]
Income taxes description	The U.S. Tax Cuts and Jobs Act (Tax Act) was enacted on December 22, 2017 and introduces significant changes to U.S. income tax law. Effective in 2018, the Tax Act reduced the U.S. statutory tax rate for corporations from 35% to 21% and created new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income tax and the base erosion tax, respectively. The Tax Act requires the Company to pay U.S. income taxes on accumulated foreign subsidiary earnings not previously subject to U.S. income tax at a rate of 15.5% to the extent of foreign cash and certain other net current assets and 8% on the remaining earnings. Since the Company’s foreign subsidiaries have not generated income since inception, the Company believes that Tax Act will not have significant impact on the Company’s consolidated financial statements.