Renavotio (RIII) 10-Q 14 Aug 20 2020 Q2 Quarterly report Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2020shares
Cover [Abstract]
Entity Registrant Name	SUCCESS ENTERTAINMENT GROUP INTERNATIONAL INC.
Entity Central Index Key	0001574910
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Entity Common Stock Shares Outstanding	44,852,892
Document Quarterly Report	true
Document Transition Report	false
Entity Interactive Data Current	Yes

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash	$ 23,304	$ 26,962
Prepayments	0	1,436
Other receivables - related party	431,736	10,800
Other current assets	8,484	7,060
Total Current Assets	463,524	46,258
Total Assets	463,524	46,258
Current Liabilities
Accounts payable - related party	38,118	38,574
Accrued expenses	387,623	271,086
Other payables	21,922	6,699
Notes payable - related party	79,468	79,468
Loan payable- related party	215,960	170,475
Convertible notes	210,176	175,917
Income tax payable	10,655	10,681
Total Current Liabilities	963,932	752,900
Total Liabilities	963,932	752,900
Commitments and Contingencies	0	0
Stockholders' Equity
Common stock, $0.001 par value, 500,000,000 shares authorized: 84,435,000 and 75,000,000 shares issued and outstanding	84,435	75,135
Additional paid in capital	673,033	223,705
Accumulated deficit	(1,262,757)	(1,008,098)
Accumulated other comprehensive loss	4,881	2,616
Total stockholders' equity (deficit)	(500,408)	(706,642)
Total liabilities and stockholders' equity (deficit)	$ 463,524	$ 46,258

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2018
Stockholders' Equity (Deficit)
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	500,000,000	75,000,000
Common stock issued	84,435,000	75,000,000
Common stock outstanding	84,435,000	75,000,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED)
Revenues	$ 0	$ 82,834	$ 0	$ 194,641
Cost of Revenues	0	82,858	0	98,858
Gross Profit	0	(24)	0	95,783
Operating Expenses
General and Administrative	155,385	329,859	254,659	520,004
Net Income (Loss) from Operation before Income Taxes	(155,385)	(329,883)	(254,659)	(424,221)
Provision for Income Taxes	0	(1,037)	0	0
Net Income (Loss)	(155,385)	(328,846)	(254,659)	(424,221)
Other Comprehensive Income (Loss)
Foreign currency translation adjustment	1,374	(624)	2,265	342
Comprehensive Income (Loss)	$ (154,011)	$ (329,470)	$ (252,394)	$ (423,879)
Earnings (Loss) per Common Share-Basic and Diluted	$ 0	$ 0	$ 0	$ (0.01)
Weighted Average Number of Common Shares Outstanding Basic and diluted	88,931,703	75,000,000	82,033,352	75,000,000

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss
Balance, shares at Dec. 31, 2018		7,500,000
Balance, amount at Dec. 31, 2018	$ 542,121	$ 75,000	$ 26,340	$ 444,240	$ (1,459)
Net loss	(95,375)	$ 0	0	(95,375)	0
Foreign currency translation adjustment	966				966
Balance, shares at Mar. 31, 2019		75,000,000
Balance, amount at Mar. 31, 2019	447,712	$ 75,000	26,340	346,865	493
Balance, shares at Dec. 31, 2018		7,500,000
Balance, amount at Dec. 31, 2018	542,121	$ 75,000	26,340	444,240	(1,459)
Net loss	(424,221)
Foreign currency translation adjustment	342
Shares issued for compensation, amount	100,000
Balance, shares at Jun. 30, 2019		75,100,000
Balance, amount at Jun. 30, 2019	218,242	$ 75,100	126,240	18,019	(1,117)
Balance, shares at Mar. 31, 2019		75,000,000
Balance, amount at Mar. 31, 2019	447,712	$ 75,000	26,340	346,865	493
Net loss	(328,846)	0	0	(328,846)	0
Foreign currency translation adjustment	(624)	$ 0	0	0	(624)
Shares issued for compensation, shares		100,000
Shares issued for compensation, amount	100,000	$ 100	99,900	0	0
Balance, shares at Jun. 30, 2019		75,100,000
Balance, amount at Jun. 30, 2019	218,242	$ 75,100	126,240	18,019	(1,117)
Balance, shares at Dec. 31, 2019		75,135,000
Balance, amount at Dec. 31, 2019	(706,642)	$ 75,135	223,705	(1,008,372)	2,616
Net loss	(99,274)	$ 0	0	(99,274)	0
Foreign currency translation adjustment	891				891
Balance, shares at Mar. 31, 2020		75,135,000
Balance, amount at Mar. 31, 2020	(805,025)	$ 75,135	223,705	(1,107,372)	3,507
Balance, shares at Dec. 31, 2019		75,135,000
Balance, amount at Dec. 31, 2019	(706,642)	$ 75,135	223,705	(1,008,372)	2,616
Net loss	(254,659)
Foreign currency translation adjustment	2,265
Shares issued for compensation, amount	0
Balance, shares at Jun. 30, 2020		84,435,000
Balance, amount at Jun. 30, 2020	(500,408)	$ 84,435	673,033	(1,262,757)	4,881
Balance, shares at Mar. 31, 2020		75,135,000
Balance, amount at Mar. 31, 2020	(805,025)	$ 75,135	223,705	(1,107,372)	3,507
Net loss	(155,385)	0	0	(155,385)	0
Foreign currency translation adjustment	1,374	$ 0	0	0	1,374
Shares cancelled for acquisition, shares		(22,000,000)
Shares cancelled for acquisition, amount	0	$ (22,000)	22,000	0	0
Shares issued for services, shares		10,700,000
Shares issued for services, amount	321,000	$ 10,700	310,300	0	0
Shares issued for conversion of notes, shares		20,600,000
Shares issued for conversion of notes, amount	137,628	$ 20,600	117,028	0	0
Balance, shares at Jun. 30, 2020		84,435,000
Balance, amount at Jun. 30, 2020	$ (500,408)	$ 84,435	$ 673,033	$ (1,262,757)	$ 4,881

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating Activities
Net loss of the period	$ (254,659)	$ (424,221)
Adjustments to reconcile net loss to net cash used in operating activities
Foreign currency translation adjustment	2,265	342
Stock based compensation	0	100,000
Amortization on discount of convertible notes	5,887	0
Amortization of debt issue cost	4,882	0
Change in assets and liabilities
Accounts receivable (increase) decrease	0	1,027,762
Prepayments (increase) decrease	1,436	(49,316)
Other receivables (increase) decrease	60,064	(121,713)
Advance to director (increase) decrease	0	(245,365)
Other current assets (increase) decrease	(306)	0
Accounts payable increase (decrease)	(456)	(858,231)
Accrued expenses increase (decrease)	116,537	96,178
Other payables increase (decrease)	15,223	2,486
Income tax payables increase (decrease)	(16)	7
Net cash used in operating activities	(49,143)	(472,072)
Financing Activities
Loans from related parties	45,485	0
Repayment of loans from related parties	0	(4,776)
Net cash provided by (used in) financing activities	45,485	(4,776)
Net decrease in cash and equivalents	(3,658)	(476,849)
Cash and equivalents at beginning of the period	26,962	520,772
Cash and equivalents at end of the period	23,304	43,923
Supplemental cash flow information:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

ORGANIZATION AND NATURE OF BUSI

ORGANIZATION AND NATURE OF BUSINESS	6 Months Ended
	Jun. 30, 2020
ORGANIZATION AND NATURE OF BUSINESS
NOTE 1 - ORGANIZATION AND NATURE OF BUSINESS	Success Entertainment Group International, Inc. (“the Company”, ”we”, ”us”, or “our”) was incorporated in the State of Nevada on January 30, 2013 under the name Altimo Group Corp and its initial business plan was to place and operate frozen yogurt making machines. Effective July 14, 2014, there was a change in control of the Company. In accordance with the terms and provisions of a stock purchase agreement dated May 5, 2014 (the "Stock Purchase Agreement") by and among Marek Tomaszewski, the seller of an aggregate of 8,000,000 shares of common stock of the Company (the "Control Block Seller"), and Success Holding Group Corp. USA, a Nevada corporation (the "Control Block Purchaser"), the Control Block Purchaser purchased from the Control Block Shareholders all of the 8,000,000 shares of common stock held of record. In accordance with the terms and provisions of the Stock Purchase Agreement, the Company accepted the resignations of its sole officer and director, Marek Tomaszewski as President, Chief Executive Officer, Secretary, Treasurer and Chief Financial Officer effective July 14, 2014. Simultaneously, the Board of Directors appointed the following individuals: (i) Steve Chen as a member of the Board of Directors and the Chief Executive Officer; and (ii) Brian Kistler as a member of the Board of Directors and the President, Secretary, Treasurer and Chief Financial Officer. Effective July 14, 2014, our Board of Directors and majority shareholders approved an amendment to our articles of incorporation to change our name to "Success Entertainment Group International Inc." (the “Name Change Amendment”). The Name Change Amendment was approved by our Board of Directors to better reflect the new nature of our business operations. The Name Change Amendment was filed with the Secretary of State of Nevada on August 22, 2014 changing our name to "Success Entertainment Group International Inc." Effective on July 15, 2014, the Board of Directors of Altimo Group Corp authorized and approved the execution of that certain general release and waiver of debt agreement (the "Release Agreement") with Marek Tomaszekwsi, the Company's prior President, Chief Executive Officer, Secretary, Treasurer and Chief Financial Officer (the "Creditor"), pursuant to which the Creditor agreed to waive and release the debt due and owing to it in the aggregate amount of $5,100 (the "Released Debt"). In accordance with the terms and provisions of the Release Agreement, the Creditor agreed to release, acquit, covenant not to sue and specifically release and waive any claims or rights it may have under common law and statutory law relating to the Released Debt. Effective July 15, 2014, pursuant to the change in ownership described above, the focus and direction of the Company will now be the production and development of internet movies and training films. On December 1, 2014 the Board of Directors of the Company authorized an amendment to its Bylaws to change the Company’s fiscal year end From March 31 to December 31. On December 2, 2014, our Board of Directors accepted the resignation of Steve Chen as the Chief Executive Officer and appointed Chris (Chi Jui) Hong as the Chief Executive Officer and a member of the Board of Directors. Following this appointment, our Board of Directors consists of three members: (i) Steve Andrew Chen; (ii) Brian Kistler; and (iii) Chris (Chi Jui) Hong. On November 19, 2015, the Company acquired 100% shares of Double Growth Investment Ltd. On December 9, 2015, the Company acquired 100% shares of Coronet Limited, Fortunate Yields Limited, Solution Elite Limited, Ultimate Concept Limited, Viva Leader Limited. All these subsidiaries were registered in Republic of Seychelles. The Company made these acquisitions for future investment purpose. In 2016, the Company discontinued Coronet Limited, Fortunate Yields Limited, Solution Elite Limited, Ultimate Concept Limited, Viva Leader Limited by non-payment of the annual renewal fee. On December 14, 2017, the Company acquired 100% shares of Success Events (Hong Kong) Limited, a company registered in Hong Kong Special Administrative Region. Success Events (Hong Kong) Limited holds 60% shares of Shenzhen Internet Media Co., Ltd. and 100% shares of Distribution Network Inc. Shenzhen Internet Media Co., Ltd was registered in China. Distribution Network Inc. was registered in Seychelles and its main business is holding seminar in Great China Area. On February 28, 2018, Success Events (Hong Kong) Limited transferred 60% shares of Shenzhen Internet Media Co., Ltd. to a company in China. Shenzhen Internet Media Co., Ltd. is no longer a subsidiary of the Company. On May 30, 2018, Success Events (Hong Kong) Limited acquire 100% shares of Success Win (Shanghai) Co., Ltd. On February 27, 2019, SEGN Taiwan Limited was incorporated in Taiwan and the Company holds 100% of its shares. On April 3, 2020, the Company entered into an agreement to acquired Renavotio Infratech, Inc., a new business plan was adopted consisting upon: Utility Management, Underground infrastructure installation including fiber optic, 5 G,, Medical Infrastructure including Personal protection equipment sales and production. As of June 30, 2020, the closing of this acquisition has not been finished. On April 3, 2020, our Board of Directors accepted the resignation of Steve Chen as the Chairman, the resignation of Chris (Chi Jui) Hong as the Chief Executive Officer and a member of the Board of Directors and the resignation of Brian Kistler as President. Following this appointment, our Board of Directors consists of three members: (i) William Robinson as Chairman, CEO, President;(ii) Steve Andrew Chen as CFO; and (iii) Brian Kistler. On July 15, 2020, the Company entered into an agreement to purchase Utility Management Corp. (“UMC”), a Delaware company, and its two (“2”) key subsidiaries, each of which, an Oklahoma limited liability company, Utility Management & Construction, LLC (“UMCCO”) and Cross-Bo Construction, LLC (“Cross-Bo”). The purchase price of Four Million Five Hundred Thousand US Dollars, ($4,500,000.00) was paid as follows: (i) an initial amount of Three Hundred and Fifty-four Thousand US Dollars ($354,000.00) was paid in cash and notes; (ii) RII assumed Two Million Eight Hundred and Forty Six Thousand US Dollars ($2,846,000.00) in UMC debt; and (iii) One Million Three Hundred Thousand Dollars, ($1,300,000.00) worth of Success Entertainment Group International, Inc., (“SEGN”) common stock was issued at $.07 a share, equivalent to 18,571,428 restricted SEGN shares. On July 29, 2020, we filed an application with FINRA for a name change to Renavotio, Inc. (“RI”) and a new trading symbol, which application is still pending, to be better illustrate its current business operations and to highlight the newly-configured Company. On August 6, 2020 the company entered into a Letter of Intent (“LOI”) to acquire the medical infrastructure company PPE Solutions Group, LLC (“PPE”), a Wyoming limited liability company based in New Jersey. The LOI provides for RI to exchange SEGN common stock for 100% of the Equity Interests of PPE for an aggregate purchase price of Two Million U.S. Dollars, ($2,000,000.00), calculated by issuing an equivalent amount of SEGN shares based on the stock’s closing price on the date of the acquisition. The purchase price is subject to an adjustment based on RI’s due diligence review, any third party valuation reports of the Company that the Buyer may obtain, and any adjustment terms set forth in the Definitive Agreement with the intent to operate the Company as a wholly-owned subsidiary.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Interim Financial Statements The accompanying unaudited financial statements have been prepared in accordance with the instructions from Regulation S-X and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim period(s), and to make the financial statements not misleading, have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim period(s) are not necessarily indicative of operations for a full year. Basis of Presentation The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. Principles of Consolidation The consolidated financial statements include the accounts of the Company and all its majority-owned subsidiaries which require consolidation. Inter-company transactions have been eliminated in consolidation. Reclassification Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses. Translation Adjustment For the six months ended June 30, 2020, the accounts of the Success Win (Shanghai) Co., Ltd. were maintained, and its financial statements were expressed, in RMB. Such financial statements were translated into USD in accordance with the Foreign Currency Matters Topic of the Codification (ASC 830), with the RMB as the functional currency. According to the Codification, all assets and liabilities were translated at the current exchange rate at respective balance sheets dates, members’ capital are translated at the historical rates and income statement items are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with the Comprehensive Income Topic of the Codification (ASC 220), as a component of members’ capital. Transaction gains and losses are reflected in the income statement. Comprehensive Income The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220). Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members. Comprehensive income for the six months ended June 30, 2020 is included net income and foreign currency translation adjustments. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $23,304 of cash as of June 30, 2020. The Company’s bank accounts are deposited in insured institutions. At June 30, 2020, the Company’s bank deposits did not exceed the insured amounts. Accounts Receivable Accounts receivable are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollected amounts through a charge to earnings and a credit to an allowance for bad debts based on its assessment of the current status of individual accounts.Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the allowance for bad debts and a credit to accounts receivable. Fair Value of Financial Instruments ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as input other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company. Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The Company’s financial instruments consist of cash, a related party loan and note payable related party. The carrying amount of these financial instruments approximates fair value due their short term maturity. Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Revenue Recognition The Company will recognize revenue in accordance with ASC. 605, “Revenue Recognition”. ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. The major revenue streams of the Company are a series of human spirit stimulation training seminars. Training seminars have its agenda and speaking topics and other decoration details defined within the contract. The Company recognizes revenue when services have been provided, and collection is reasonably assured. Advertising Costs The Company policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 for the six months ended June 30, 2020. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. As of June 30, 2020, the Company has not adopted a stock option plan and has not granted any stock options. Basic and Diluted Income (Loss) per Share Per Share Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. For the six months ended June 30, 2020, the potential dilution associated with convertible debt was excluded from the calculation as it will create an anti-dilutive effect. Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of its operations.

OTHER RECEIVABLES - RELATED PAR

OTHER RECEIVABLES - RELATED PARTY	6 Months Ended
	Jun. 30, 2020
OTHER RECEIVABLES - RELATED PARTY
NOTE 3 - OTHER RECEIABLES- RELATED PARTY	As of June 30, 2020, the Company has other receivables of $407 and $11,770 from Success Holding Group International, Inc. and Success Holdings Group Corp. USA. The Company also has $419,559 other receivables from companies under control of William Robinson our Chairman, CEO, and President.

ACCOUNTS PAYABLE - RELATED PART

ACCOUNTS PAYABLE - RELATED PARTY	6 Months Ended
	Jun. 30, 2020
ACCOUNTS PAYABLE - RELATED PARTY
NOTE 4 - ACCOUNTS PAYABLE- RELATED PARTY	As of June 30, 2020, the Company has accounts payable of $31,053, to Shanghai Kun-Xin Media Limited under common control with the Company and $7,000 to Steve Andrew Chen who is the Company’s former Chairman of the Board of Directors.

NOTES PAYABLE - RELATED PARTY

NOTES PAYABLE - RELATED PARTY	6 Months Ended
	Jun. 30, 2020
NOTES PAYABLE - RELATED PARTY
NOTE 5- NOTES PAYABLE-RELATED PARTY	On April 24, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $10,000 with Hsu Wen Li who is wife of the Chris (Chi Jui) Hong, the Company’s former Chief Executive Officer and Director. The maturity of the Notes is April 24, 2018 and bear no interest. On June 7, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $10,000 with Hsu Wen Li who is wife of the Chris Hong (Chi Jui), the Company’s former Chief Executive Officer and Director. The maturity of the Notes is June 7, 2018 and bear no interest. On July 5, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $20,000 with Hsu Wen Li who is wife of the Chris (Chi Jui) Hong, the Company’s former Chief Executive Officer and Director. The maturity of the Notes is July 5, 2018 and bear no interest. On August 11, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $20,000 with Hsu Wen Li who is wife of the Chris (Chi Jui) Hong, the Company’s former Chief Executive Officer and Director. The maturity of the Notes is August 11, 2018 and bear no interest. On May 15, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $24,500 with Steve Andrew Chen who is the Company’s former Chairman of the Board of Directors. The maturity of the Notes is May 15, 2018 and bear no interest. On July 4, 2017, the Company entered into Promissory Note agreements for the outstanding amount of $10,000 with Steve Andrew Chen, the former Company Chairman of the Board of Directors. The maturity of the Notes is July 4, 2018 and bear no interest. On October 17, 2017, the Company repaid Steve Andrew Chen $15,032.

LOAN PAYABLE - RELATED PARTY

LOAN PAYABLE - RELATED PARTY	6 Months Ended
	Jun. 30, 2020
LOAN PAYABLE - RELATED PARTY
NOTE 6 - LOAN PAYABLE-RELATED PARTY	Success Holdings Group Corp. USA, former company, paid certain operating costs on our behalf. The total amount owed as at June 30, 2020 is $146,088. Steve Andrew Chen, the Company’s former Chairman of the Board of Directors, paid certain operating costs on our behalf. The total amount owed as at June 30, 2020 is $69,872. The loan is unsecured, non-interest bearing and due on demand.

CONVERTIBLE NOTES

CONVERTIBLE NOTES	6 Months Ended
	Jun. 30, 2020
CONVERTIBLE NOTES
NOTE 7 - CONVERTIBLE NOTES	On October 22, 2019, the Company completed execution of a Securities Purchase Agreement, dated as of September 5, 2019 under which the Company has issued a 5% Convertible Note in the aggregate principal amount of $75,000 for purchase price of $67,500. The Note will mature on September 5, 2020. The Note is convertible into shares of common stock at any time on or after the 180th calendar day after the issue date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date, or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion. For the six months ended June 30, 2020, this note were totally converted to 8,600,000 shares. On November 15, 2019, the Company completed execution of a Securities Purchase Agreement, under which the Company has issued a 5% Convertible Note in the aggregate principal amount of $75,000 for purchase price of $67,500. The Note will mature on July 31, 2020. The Note is convertible into shares of common stock at any time after the issuance date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion. For the six months ended June 30, 2020, $24,833 principle were converted to 4,000,000 shares and the remaining principle as of June 30, 2020 is $15,668. On November 22, 2019, the Company completed execution of a Securities Purchase Agreement, under which the Company has issued a 5% Convertible Note in the aggregate principal amount of $40,500 for purchase price of $36,500. The Note will mature on November 22, 2020. The Note is convertible into shares of common stock at any time after the issuance date and the conversion price is equal to the lower of (i) 50% multiplied by the lowest “Trading Price” (defined below) (representing a discount rate of 50% during the prior date of his Note or (ii) the Variable Conversion Price (defined below) (subject to equitable adjustment as further described herein). The “Variable Conversion Price” meaning, 50% multiplied by the Market Price (as defined herein)(representing a discount rate of 50%). “Market Price” means, for any security as of any date, the lowest traded price on the Over-the-Counter Pink Marketplace, OTCQB, or applicable trading market (the “Principal Market”)as reported by a reliable reporting service (“Reporting Service”) designated by Crown Bridge Partners (i.e. Bloomberg) or, if the Principal Market is not the principal trading market for such security, on the principal securities exchange or trading market where such security is listed or traded or, if the lowest intraday trading price of such security is not available in any of the foreign manners, the lowest intraday price of any market makers for such security that are quoted on the OTC Markets. If the Trading Price cannot be calculated for such security on such date in the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Company and the holders of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine the Conversion Price of such notes. For the six months ended June 30, 2020, $44,975 principle were converted to 8,000,000 shares and the remaining principle as of June 30, 2020 is $$30,025. On May 4, 2020, the Company completed execution of a Securities Purchase Agreement, under which the Company has issued a 12% Convertible Note in the aggregate principal amount of $103,000. The Note will mature on May 4, 2021. The default interest rate is 22%. On June 8, 2020, the Company completed execution of a Securities Purchase Agreement, under which the Company has issued a 12% Convertible Note in the aggregate principal amount of $63,000. The Note will mature on June 8, 2021. The default interest rate is 22%. The discount on for these convertible notes is amortized over the term of the notes. For the six months ended June 30, 2020, amortization for discount on these convertible notes is $5,887.

COMMON STOCK

COMMON STOCK	6 Months Ended
	Jun. 30, 2020
COMMON STOCK
NOTE 8 - COMMON STOCK	The Company has 500,000,000, $0.001 par value shares of common stock authorized. There were 84,435,000 shares of common stock issued and outstanding as of June 30, 2020.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
COMMITMENTS AND CONTINGENCIES
NOTE 9 - COMMITMENTS AND CONTINGENCIES	We were not subject to any legal proceedings on June 30, 2020 and no legal proceedings are pending or threatened to the next of our knowledge or belief.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Interim Financial Statements	The accompanying unaudited financial statements have been prepared in accordance with the instructions from Regulation S-X and do not include all of the information and disclosures required by generally accepted accounting principles for complete financial statements. All adjustments which are, in the opinion of management, necessary for a fair presentation of the results of operations for the interim period(s), and to make the financial statements not misleading, have been made and are of a recurring nature unless otherwise disclosed herein. The results of operations for such interim period(s) are not necessarily indicative of operations for a full year.
Basis of Presentation	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars.
Principles of Consolidation	The consolidated financial statements include the accounts of the Company and all its majority-owned subsidiaries which require consolidation. Inter-company transactions have been eliminated in consolidation.
Reclassification	Certain amounts in the prior period financial statements have been reclassified to conform to the current period presentation. These reclassifications had no effect on reported losses.
Translation Adjustment	For the six months ended June 30, 2020, the accounts of the Success Win (Shanghai) Co., Ltd. were maintained, and its financial statements were expressed, in RMB. Such financial statements were translated into USD in accordance with the Foreign Currency Matters Topic of the Codification (ASC 830), with the RMB as the functional currency. According to the Codification, all assets and liabilities were translated at the current exchange rate at respective balance sheets dates, members’ capital are translated at the historical rates and income statement items are translated at the average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with the Comprehensive Income Topic of the Codification (ASC 220), as a component of members’ capital. Transaction gains and losses are reflected in the income statement.
Comprehensive Income	The Company uses SFAS 130 “Reporting Comprehensive Income” (ASC Topic 220). Comprehensive income is comprised of net income and all changes to the statements of members’ capital, except those due to investments by members, changes in paid-in capital and distributions to members. Comprehensive income for the six months ended June 30, 2020 is included net income and foreign currency translation adjustments.
Use of Estimates	The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	The Company considers all highly liquid investments with the original maturities of three months or less to be cash equivalents. The Company had $23,304 of cash as of June 30, 2020. The Company’s bank accounts are deposited in insured institutions. At June 30, 2020, the Company’s bank deposits did not exceed the insured amounts.
Accounts Receivable	Accounts receivable are stated at the amount management expects to collect from outstanding balances. Management provides for probable uncollected amounts through a charge to earnings and a credit to an allowance for bad debts based on its assessment of the current status of individual accounts.Balances that are still outstanding after management has used reasonable collection efforts are written off through a charge to the allowance for bad debts and a credit to accounts receivable.
Fair Value of Financial Instruments	ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as input other than quoted market prices that are observable, either directly or indirectly, and reasonably available. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the Company. Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The Company’s financial instruments consist of cash, a related party loan and note payable related party. The carrying amount of these financial instruments approximates fair value due their short term maturity.
Income Taxes	Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized.
Revenue Recognition	The Company will recognize revenue in accordance with ASC. 605, “Revenue Recognition”. ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required. The major revenue streams of the Company are a series of human spirit stimulation training seminars. Training seminars have its agenda and speaking topics and other decoration details defined within the contract. The Company recognizes revenue when services have been provided, and collection is reasonably assured.
Advertising Costs	The Company policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 for the six months ended June 30, 2020.
Stock-Based Compensation	Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. As of June 30, 2020, the Company has not adopted a stock option plan and has not granted any stock options.
Basic and Diluted Income (Loss) per Share	Per Share Basic income (loss) per share is calculated by dividing the Company’s net loss applicable to common shareholders by the weighted average number of common shares during the period. Diluted earnings per share is calculated by dividing the Company’s net income available to common shareholders by the diluted weighted average number of shares outstanding during the year. For the six months ended June 30, 2020, the potential dilution associated with convertible debt was excluded from the calculation as it will create an anti-dilutive effect.
Recent Accounting Pronouncements	The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on our financial condition or the results of its operations.

ORGANIZATION AND NATURE OF BU_2

ORGANIZATION AND NATURE OF BUSINESS (Details Narrative) - USD ($)	Dec. 14, 2017	Aug. 06, 2020	Jul. 15, 2020	Feb. 28, 2018	Nov. 19, 2015	Feb. 27, 2019	May 30, 2018	Jul. 15, 2014	May 05, 2014
Released Debt [Member]
Waive and release debt								$ 5,100
Stock Purchase Agreement [Member]
Common stock shares									8,000,000
Double Growth Investment Ltd. [Member]
Acquired shares percentage					100.00%
Description of acquisitions for future investment purpose					The Company acquired 100% shares of Double Growth Investment.
PPE Solutions Group, LLC [Member]
Business Combination, Consideration Transferred		$ 2,000,000
Acquired shares percentage		100.00%
SEGN Taiwan [Member]
Acquired shares percentage						100.00%
Utility Management Corp [Member]
Business Combination, Consideration Transferred			$ 4,500,000
Business acquired payments term, description			(i) an initial amount of Three Hundred and Fifty-four Thousand US Dollars ($354,000.00) was paid in cash and notes; (ii) RII assumed Two Million Eight Hundred and Forty Six Thousand US Dollars ($2,846,000.00) in UMC debt; and (iii) One Million Three Hundred Thousand Dollars, ($1,300,000.00) worth of Success Entertainment Group International, Inc., (“SEGN”) common stock was issued at $.07 a share, equivalent to 18,571,428 restricted SEGN shares.
Hong Kong [Member]
Acquired shares percentage	100.00%						100.00%
Description of acquisitions for future investment purpose	Success Events (Hong Kong) Limited holds 60% shares of Shenzhen Internet Media Co., Ltd. and 100% shares of Distribution Network Inc.			Success Events (Hong Kong) Limited transferred 60% shares of Shenzhen Internet Media Co., Ltd. to a company in China.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	6 Months Ended
	Jun. 30, 2020USD ($)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash	$ 23,304
Advertising expense	$ 0

OTHER RECEIVABLES - RELATED P_2

OTHER RECEIVABLES - RELATED PARTY (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Other receivables	$ 431,736	$ 10,800
William Robinson [Member]
Other receivables	419,559
Success Holdings Group Corp USA [Member]
Other receivables	11,770
Success Holding Group International, Inc. [Member]
Other receivables	$ 407

ACCOUNTS PAYABLE - RELATED PA_2

ACCOUNTS PAYABLE - RELATED PARTY (Details Narrative)	Jun. 30, 2020USD ($)
Shanghai Kun-Xin Media Limited [Member]
Accounts payable	$ 31,053
Steve Andrew Chen [Member]
Accounts payable	$ 7,000

NOTES PAYABLE - RELATED PARTY (

NOTES PAYABLE - RELATED PARTY (Details Narrative) - USD ($)	Aug. 11, 2017	Jul. 05, 2017	Jul. 04, 2017	Jun. 07, 2017	May 15, 2017	Oct. 17, 2017	Apr. 24, 2017
Steve Andrew Chen [Member]
Repayment of Notes payable						$ 15,032
Promissory Note Agreement [Member] | Hsu Wen Li [Member]
Common stock outstanding	$ 20,000	$ 20,000		$ 10,000			$ 10,000
Maturity date	Aug. 11, 2018	Jul. 5, 2018		Jun. 7, 2018			Apr. 24, 2018
Promissory Note Agreement [Member] | Steve Andrew Chen [Member]
Common stock outstanding			$ 10,000		$ 24,500
Maturity date			Jul. 4, 2018		May 15, 2018

LOAN PAYABLE - RELATED PARTY (D

LOAN PAYABLE - RELATED PARTY (Details Narrative)	Jun. 30, 2020USD ($)
Success Holdings Group Corp USA [Member]
Loan - related party	$ 146,088
Steve Andrew Chen [Member]
Loan - related party	$ 69,872

CONVERTIBLE NOTES (Details Narr

CONVERTIBLE NOTES (Details Narrative) - USD ($)	1 Months Ended					6 Months Ended
	Jun. 08, 2020	May 04, 2020	Nov. 22, 2019	Nov. 15, 2019	Oct. 22, 2019	Jun. 30, 2020	Jun. 30, 2019
Amortization for discount						$ 5,887	$ 0
Convertible Note [Member] | Securities Purchase Agreement [Member]
Principal amount					$ 75,000
Conversion description					The Note will mature on September 5, 2020. The Note is convertible into shares of common stock at any time on or after the 180th calendar day after the issue date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion.
Purchase price					$ 67,500
Maturity date					Sep. 5, 2020
Converted shares						8,600,000
Convertible note, rate of interest			5.00%	5.00%	5.00%
Convertible Note One [Member] | Securities Purchase Agreement [Member]
Principal amount				$ 75,000		$ 24,833
Conversion description				The Note is convertible into shares of common stock at any time after the issuance date and the conversion price is equal to the lower of (i) the lowest closing price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the issuance date or (ii) 50% multiplied by the lowest traded price of the Common Stock during the twenty (20) consecutive day trading period immediately preceding the date of the conversion.
Purchase price				$ 67,500
Maturity date				Jul. 31, 2020
Converted shares						4,000,000
Remaining principle amount						$ 15,668
Convertible Note Two [Member] | Securities Purchase Agreement [Member]
Principal amount	$ 63,000	$ 103,000	$ 40,500			$ 44,975
Conversion description			The Note is convertible into shares of common stock at any time after the issuance date and the conversion price is equal to the lower of (i) 50% multiplied by the lowest “Trading Price” (defined below) (representing a discount rate of 50% during the prior date of his Note or (ii) the Variable Conversion Price (defined below) (subject to equitable adjustment as further described herein).
Purchase price			$ 36,500
Maturity date	Jun. 8, 2021	May 4, 2021	Nov. 22, 2020
Converted shares						8,000,000
Convertible note, rate of interest	12.00%	12.00%
Remaining principle amount						$ 30,025
Default interest rate		22.00%
Variable conversion price			50% multiplied by the Market Price
Discount rate			50.00%

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative) - $ / shares	Jun. 30, 2020	Dec. 31, 2018
COMMON STOCK
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	84,435,000	75,000,000
Common stock, shares outstanding	84,435,000	75,000,000
Common stock, shares autorized	500,000,000	75,000,000