Zhen Ding Resources (RBTK) 10-K 14 Apr 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Apr. 05, 2016	Jun. 30, 2015
Document And Entity Information
Entity Registrant Name	ZHEN DING RESOURCES INC.
Entity Central Index Key	1,594,204
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 82,574,347
Entity Common Stock, Shares Outstanding		63,968,798
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 4,320	$ 8,199
Accounts receivable, net of allowance for doubtful accounts		100,113
VAT receivables		174,896
Prepaid expenses and other current assets		6,663
Total current assets	$ 4,320	289,871
Property and equipment, net of accumulated depreciation		1,929,820
Construction in progress	$ 0	174,318
Total assets	4,320	2,394,009
Current Liabilities:
Accounts payable and accrued liabilities	327,739	349,955
Accrued interest - related parties	2,353,997	1,885,345
Deferred revenues	155,021	163,779
Due to related parties	761,066	766,672
Short-term debt - related parties	3,784,937	3,825,349
Total current liabilities	7,382,760	6,991,100
Equity (Deficit):
Common stock, 150,000,000 shares authorized, $0.0001 par value, 63,968,798 shares issued and outstanding	6,397	6,397
Additional paid-in capital	12,762,875	12,762,875
Subscriptions receivable	(5,431)	(5,431)
Accumulated other comprehensive gain (loss)	200,882	(79,538)
Accumulated deficit	(18,034,800)	(15,760,155)
Total deficit attributable to Zhen Ding Resources Inc.	(5,070,077)	(3,075,852)
Non-controlling interests	(2,308,363)	(1,521,239)
Total equity (deficit)	(7,378,440)	(4,597,091)
Total liabilities and equity (deficit)	$ 4,320	$ 2,394,009

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, Authorized	150,000,000	150,000,000
Common stock, Issued	63,968,798	63,968,798
Common stock, outstanding	63,968,798	63,968,798

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Revenues		$ 648,550
Cost of revenues		(471,835)
Gross profit		176,715
Operating expenses:
General and administrative	$ 484,002	$ 565,289
Impairment of long-lived assets	1,784,350
Depreciation	335,792	$ 257,778
Total operating expenses	2,602,144	823,067
Operating loss	(2,602,144)	(646,352)
Other expenses:
Interest expense	$ (579,805)	(545,840)
Other expenses		(253)
Total other expenses	$ (579,805)	(546,093)
Net loss	(3,181,949)	(1,192,445)
Loss attributable to non-controlling interests	907,304	324,736
Net loss attributable to Zhen Ding Resources Inc.	$ (2,274,645)	$ (867,709)
Basic and diluted loss per common share	$ (0.04)	$ (0.01)
Basic and diluted weighted average number of common shares outstanding	63,968,798	63,968,798
Comprehensive loss:
Net loss	$ (3,181,949)	$ (1,192,445)
Other comprehensive income:
Foreign currency translation adjustments	400,600	22,664
Total comprehensive loss	(2,781,349)	(1,169,781)
Comprehensive loss attributable to non-controlling interest	787,124	317,936
Comprehensive loss attributable to Zhen Ding Resources Inc.	$ (1,994,225)	$ (851,845)

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Deficit - USD ($)	Common Stock	Additional Paid in Capital	Subscriptions Receivable	Accumulated Other Comprehensive Income	Accumulated Deficit	Non-controlling Interest	Total
Beginning Balance, Amount at Dec. 31, 2013	$ 6,397	$ 12,762,875	$ (5,431)	$ (95,402)	$ (14,892,446)	$ (1,203,303)	$ (3,427,310)
Beginning Balance, Shares at Dec. 31, 2013	63,968,798
Foreign currency translation adjustment				15,864		6,800	22,664
Net loss					(867,709)	(324,736)	(1,192,445)
Ending Balance, Amount at Dec. 31, 2014	$ 6,397	12,762,875	(5,431)	(79,538)	(15,760,155)	(1,521,239)	(4,597,091)
Ending Balance, Shares at Dec. 31, 2014	63,968,798
Foreign currency translation adjustment				280,420		120,180	400,600
Net loss					(2,274,645)	(907,304)	(3,181,949)
Ending Balance, Amount at Dec. 31, 2015	$ 6,397	$ 12,762,875	$ (5,431)	$ 200,882	$ (18,034,800)	$ (2,308,363)	$ (7,378,440)
Ending Balance, Shares at Dec. 31, 2015	63,968,798

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities
Net loss	$ (3,181,949)	$ (1,192,445)
Adjustment to reconcile net loss to net cash used in operating activities:
Bad debt expense	100,790	$ 100,042
VAT receivables write-down	$ 175,963
Inventory write-down		$ 226,088
Depreciation expense	$ 335,792	$ 340,458
Impairment of long-lived assets	$ 1,784,350
Change in operating assets and liabilities
Accounts receivable		$ (197,529)
VAT receivables	$ 118	52,746
Inventory		(128,583)
Prepaid expenses and other current assets	$ 6,708	(6,671)
Accounts payable and accrued liabilities	(7,564)	(75,973)
Accrued interest-related parties	$ 595,770	564,803
Deferred revenues		(162,700)
Net cash used in operating activities	$ (190,022)	(479,764)
Cash flows from financing activities
Net change in advances from related parties	36,646	88,393
Proceeds from borrowings on short-term debt - related parties	149,522	379,058
Net cash provided by financing activities	186,168	467,451
Foreign currency translation	(25)	(42)
Net change in cash and cash equivalents	(3,879)	(12,355)
Cash and cash equivalents - beginning of the year	8,199	20,554
Cash and cash equivalents - end of the year	$ 4,320	$ 8,199
Supplement cash flows information:
Cash paid for interest
Cash paid for income tax
Non-cash investing and financing transactions:
Reclassification of construction in progress to fixed assets		$ 27,471

Description of Business

Description of Business	12 Months Ended
	Dec. 31, 2015
Description of Business [Abstract]
Description of Business	Note 1. Description of Business Zhen Ding Resources Inc. (formerly Robotech Inc.) (the “Company”, “Zhen Ding DE”, or “ZDRI”) was incorporated in State of Delaware in September 1996 and began its business activities in the field of development and marketing of specialized technological equipment. In early 2010, the business direction of our Company was changed to seek opportunities from this revival and our Company began to focus particularly on searching for companies engaged in the mining of gold, silver and copper. Our Company entered into negotiations with Zhen Ding Resources Inc. (a Nevada entity) (“Zhen Ding NV”), which indirectly owns 70% of a Chinese Joint Venture entity, Zhen Ding Mining Co. Ltd. (“Zhen Ding JV” or “JXZD”). This indirect ownership is through a 100% ownership of a California company Z&W, Zhen Ding Corporation (“Z&W CA”). During 2012 and 2013, total issued and outstanding common stock of Zhen Ding NV were tendered to our Company. On October 28, 2013, our Company dissolved Zhen Ding NV by merging it into our Company. Our Company, now through Zhen Ding NV’s wholly owned subsidiary, Z&W CA, participates in a joint venture with Jing Xian Xinzhou Gold Co., Ltd. (“Xinzhou Gold”), a company organized under the laws of the People’s Republic of China (“PRC”). The joint venture company JXZD is 70% held by our Company through Z&W CA who has the mineral exploration, mineral mining and gold mining rights to a property located in the southwestern part of Anhui province in China, near the town of Jing Xian. Xinzhou Gold, the other 30% partner of JXZD is the actual named owner of the various licenses used by JXZD and transferred all rights emanating from these licenses as part of the joint venture agreement between Z&W CA and Xinzhou Gold. Our Company’s primary activity, through JXZD, is ore processing and production in China.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies The summary of significant accounting policies presented below is designed to assist in understanding the Company’s financial statements. Such financial statements and accompanying notes are the representations of the Company’s management, which is responsible for the integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America (“U.S. GAAP”) in all material respects and have been consistently applied in preparing the accompanying financial statements. Basis of Presentation and Principles of Consolidation The consolidated financial statements include the accounts of the Company, its wholly subsidiaries Z&W CA and its majority owned subsidiaries JXZD. All inter-company transactions and balances were eliminated. The portion of the income applicable to non-controlling interests in subsidiary undertakings is reflected in the consolidated statements of operations. Use of Estimates and Assumptions The Company prepares its financial statements in conformity with U.S. GAAP, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Foreign Currency Adjustments Assets and liabilities recorded in foreign currencies are translated at the exchange rate on the balance sheet date. Revenue and expenses are translated at average rates of exchange prevailing during the year. Any translation adjustments are reflected as a separate component of stockholders’ equity (deficit) and have no effect on current earnings. Gains and losses resulting from foreign currency transactions are included in current results of operations. During the years ended December 31, Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. Accounts Receivable Accounts receivable are stated at the amount the Company expects to collect. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. Management considers the following factors when determining the collectability of specific customer accounts: customer credit-worthiness, past transaction history with the customer, current economic industry trends, and changes in customer payment terms. Past due balances over 90 days and other higher risk amounts are reviewed individually for collectability. If the financial condition of the Company’s customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. Based on management’s assessment, the Company provides for estimated uncollectible amounts through a charge to earnings and a credit to a valuation allowance. Balances that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. As of December 31, 2015 and 2014, the Company recorded allowances of $201,191 and $100,042, respectively, for doubtful accounts from certain sales that occurred but had not been collected. Inventories Finished goods, work-in-process, and raw materials are valued at the lower of average production cost and net realizable value. The Company records the costs of ore stacked on its leach pads and in process at its production sites as heap leach ore and working process inventories measured at the lower of cost and estimated net realizable value in inventory. These costs are charged to earnings and included in cost of revenues on the basis of tons of precious mineral sold. The estimates and assumptions used in the measurement of heap leach ore and work-in-process inventories include quantities of ore stacked on leach pads, recoverable tons of precious minerals contained in ore stacked on leach pads, recoverable tons of precious minerals in the mill processing circuits and the price expected to be realized when the tons of precious minerals are recovered. If these estimates or assumptions prove to be inaccurate, the Company could be required to write down the carrying amounts of its heap leach ore and work-in-process inventories, which would reduce the Company’s earnings and working capital. Property and Equipment Property and equipment is stated at the historical cost, less accumulated depreciation. Depreciation on property, plant and equipment is provided using the straight-line method over the estimated useful lives of the assets for both financial and income tax reporting purposes as follows: Buildings 20 years Motor vehicles 5 years Production and office Equipment 5 years Expenditures for normal repairs and maintenance are charged to expense as incurred. Significant renewals and improvements are capitalized. The costs and related accumulated depreciation of assets retired or otherwise disposed of are eliminated from the accounts, and any resulting gain or loss is recognized in the year of disposal. Impairment of Long-Lived Assets Management reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be realizable or at a minimum annually during the fourth quarter of the year. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the asset’s carrying value to determine if an impairment of such asset is necessary. The effect of any impairment would be to expense the difference between the fair value of such asset and its carrying value. Income Taxes An asset and liability approach is used for financial accounting and reporting for income taxes. Deferred income taxes arise from temporary differences between income tax and financial reporting and principally relate to recognition of revenue and expenses in different periods for financial and tax accounting purposes and are measured using currently enacted tax rates and laws. In addition, a deferred tax asset can be generated by net operating loss carry forwards. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized. The Company has tax losses that may be applied against future taxable income. The potential tax benefit arising from these loss carryforwards are offset by a valuation allowance due to uncertainty of profitable operations in the future. Fair Values of Financial Instruments Management believes that the carrying amounts of the Company’s financial instruments, consisting primarily of cash and accounts payable, approximated their fair values as of December 31, 2015 and 2014, due to their short-term nature. Non-controlling Interest Non-controlling interests in the Company’s subsidiaries are reported as a component of equity, separate from the parent’s equity. Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions. Results of operations attributable to the minority interest are included in our consolidated results of operations and, upon loss of control, the interest sold, as well as interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings. Revenue Recognition Revenue is recognized when products are shipped, title and risk of loss is passed to the customers and collection is reasonably assured. Payments received prior to the satisfaction of above criteria are recorded as deferred revenue. Basic and Diluted Earnings (Loss) Per Common Share The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For all periods presented, there were no potentially dilutive securities outstanding. Subsequent Events The Company evaluated events subsequent to December 31, Recently Issued Accounting Pronouncements In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting (SEC Update) In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The ASU is effective for annual periods beginning after December 15, 2015, and interim periods within those annual periods, early adoption is permitted. The Company is currently evaluating the effects of ASU 2015-03 on the consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) - Simplifying the Measurement of Inventory ("ASU 2015-11"), which simplifies the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost and net realizable value test. The guidance applies only to inventories for which cost is determined by methods other than last-in first-out ("LIFO") and the retail inventory method. The guidance in ASU No. 2015-11 is effective for periods beginning after December 15, 2016 and early adoption is permitted. The Company will adopt this pronouncement in the first quarter of 2017 and is currently evaluating the impact, if any, adoption will have on its financial position and results of operations. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement Period Adjustments In November 2015, the FASB issued ASU 2015-17. ASU 2015-17 simplifies the classification of deferred income tax liabilities and assets on the balance sheet by requiring deferred tax liabilities and assets to be classified as non-current on the balance sheet rather than classifying them separately into current and non-current amounts. The guidance in ASU No. 2015-17 is effective for periods beginning after December 15, 2016 and early adoption is permitted. The Company early adopted this pronouncement in the fourth quarter of 2015 on a prospective basis. As a result, the Company has presented all deferred tax assets and liabilities as non-current on the accompanying consolidated balance sheet as of December 31, 2015, but has not reclassified current deferred tax assets and liabilities on the accompanying consolidated balance sheet at December 31, 2014. See Note 8, “Income Taxes” The Company does not believe that any other recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2015
Going Concern [Abstract]
Going Concern	Note 3. Going Concern These financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. As of December 31,

VAT Receivables

VAT Receivables	12 Months Ended
	Dec. 31, 2015
VAT Receivables [Abstract]
VAT Receivables	Note 4. VAT Receivables As of December 31,

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2015
Property and Equipment [Abstract]
Property and Equipment	Note 5. Property and Equipment Property and equipment consisted of the following as of: December 31, December 31, 2015 2014 Buildings $ 1,310,813 $ 1,358,788 Motor vehicles 61,949 65,368 Production and office equipment 1,286,310 1,379,793 Subtotal 2,659,072 2,803,949 Less: Accumulated depreciation (1,144,493 ) (874,129 ) Less: Impairment of long-lived assets (1,514,579 ) - Property and equipment, net $ - $ 1,929,820 Depreciation for the years ended December 31, 2015 and 2014 is summarized as follows: Statement of operations 2015 2014 Operating Costs $ 335,792 $ 257,778 Cost of revenues - 82,680 Total depreciation $ 335,792 $ 340,458 In the PRC, land use rights are the legal rights for an entity to use land for a fixed period of time. The PRC adopts dual land tenure system under which land ownership is independent of land use rights. The land is either owned by the state (“State Land”) or by rural collective economic organization (“Collective Land”). As of December 31, Property and equipment mainly consisted of equipment or buildings in relation to ore processing operation in Anhui, China. The Company only had access to lower quality ore powder and the probability to sell these low quality processed ore powder is low. Accordingly, the Company had no production during 2015. The Company determined that the long-lived assets have been impaired because of the reduction in the production, projections of declining future cash flows and the uncertainty of continuing operations. Accordingly, the Company evaluated the ongoing value of the property and equipment associated with its ore processing operation and determined that assets with a carrying amount of approximately $1.5 million were no longer recoverable and were in fact impaired. The Company wrote the assets down to their estimated fair value. Fair value was based on expected future cash flows using Level 3 inputs under ASC 820. The cash flows are those expected to be generated by the market participants, discounted at the risk-free rate of interest. At December 31, 2015, the Company recorded an approximately $1.5 million impairment loss on the assets, which was reflected as a separate line item in the income statement.

Construction in Progress

Construction in Progress	12 Months Ended
	Dec. 31, 2015
Construction in Progress [Abstract]
Construction in Progress	Note 6. Construction in Progress As of December 31,

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 7. Related Party Transactions Accounts payables As of December 31, 2015 and 2014, the Company had payables of $761,066 and $766,672, respectively, to Xinzhou Gold. These payables bear no interest, are unsecured and are due on demand. Short-term debt As of December 31, 2015 and 2014, the Company had short-term debts to related parties of $3,784,937 and $3,825,349, respectively. The details of the loans are described as below. At December 31, Annual Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,768,900 15% May 31, 2011 On Demand Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 16,170 15% January 1, 2011 On Demand Zhou Zhi Bin Former CEO & Legal person of JXZD 7,700 15% January 1, 2011 On Demand Tang Yong Hong Manager of JXZD 331,489 15% February 28, 2014 On Demand Yan Chun Yan Accountant of JXZD 4,790 15% August 31, 2014 On Demand Wen Mei Tu President & shareholder of ZDRI 253,000 12% Various Various Importation Tresor Plus Shareholder of ZDRI 30,000 12% July 9, 2012 On Demand Tony Ng Man Kin Shareholder of ZDRI 25,000 12% February 27, 2013 On Demand Wei Tai Trading Inc. Shareholder of ZDRI 12,000 12% June 03, 2015 On Demand YYC Technologies Inc. Owned by Wen Mei Tu’s brother-in-law 6,000 12% May 22, 2015 May 22, 2016 Victor Sun Consultant & shareholder of ZDRI 3,923 0% January 1, 2013 On Demand Helen Chen President of Z&W CA 17,965 0% January 1, 2011 On Demand Zhou Qiang Office manager of JXZD 308,000 15% December 18, 2012 On Demand Total $ 3,784,937 At December 31, 2014: Annual Name Relationship to the Company Amount Interest Rate Start Date Maturity Wei De Gang CEO & Legal Person of JXZD $ 2,905,515 15% May 31, 2011 On Demand Zhao Yan Ling Former Office Manager in JXZD, wife of Zhou Zhi Bin 17,063 15% January 1, 2011 On Demand Zhou Zhi Bin Former CEO & Legal Person of JXZD 8,125 15% January 1, 2011 On Demand Tang Yong Hong Manager of JXZD 334,622 15% February 28, 2014 February 28, 2015 Yan Chun Yan Accountant of JXZD 3,171 15% August 31, 2014 August 31, 2015 Wen Mei Tu President & shareholder of ZDRI 154,965 12% Various Various Importation Tresor Plus Inc Shareholder of ZDRI 30,000 12% July 9, 2012 On Demand Tony Ng Man Kin Shareholder of ZDRI 25,000 12% February 27, 2013 On Demand Victor Sun Consultant & shareholder of ZDRI 3,923 0% January 1, 2013 On Demand Helen Chen President of Z&W CA 17,965 0% January 1, 2011 On Demand Zhou Qiang Office manager of JXZD 325,000 15% December 18, 2012 December 18, 2015 Total $ 3,825,349 In addition, as of December 31, 2015 and 2014, the Company had accrued interest payable to the related parties of $2,353,997 and $1,885,345, respectively. For the year ended December 31, 2015 and 2014, the Company recorded interest expense of $579,805 and $545,840, respectively.

Deferred Revenues

Deferred Revenues	12 Months Ended
	Dec. 31, 2015
Deferred Revenues [Abstract]
Deferred Revenues	Note 8. Deferred Revenues As of December 31,

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2015
Contingencies [Abstract]
Contingencies	Note 9. Contingencies Concentration of Credit Risk Substantially all of the Company’s bank accounts are in banks located in The People’s Republic of China and are not covered by protection similar to that provided by the FDIC on funds held in United States banks. Vulnerability Due to Operations in PRC The Company’s operations in China may be adversely affected by significant political, economic and social uncertainties in the PRC. Although the PRC government has been pursuing economic reform policies for more than twenty years, no assurance can be given that the PRC government will continue to pursue such policies or that such policies may not be significantly altered, especially in the event of a change in leadership, social or political disruption or unforeseen circumstances affecting the PRC’s political, economic and social conditions. There is also no guarantee that the PRC government’s pursuit of economic reforms will be consistent or effective in the future.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes [Abstract]
Income Taxes	Note 10. Income Taxes The Company and its subsidiaries are subject to income taxes on an "entity" basis that is, on income arising in or derived from the tax jurisdiction in which each entity is domiciled. It is management's intention to reinvest all the income earned by the Company's subsidiaries outside of the US. Accordingly, no US federal income taxes have been provided on earnings of the foreign based subsidiaries. The Company was incorporated in the United States and is subject to United States federal income taxes and had incurred operating losses since its inception. The Company's joint venture in China is subject to a 25% statutory PRC

Major Customers and Vendors

Major Customers and Vendors	12 Months Ended
	Dec. 31, 2015
Major Customers and Vendors [Abstract]
Major Customers and Vendors	Note 11. Major Customers and Vendors During the year ended December 31, 2014, all sales were to three customers. During the year ended December 31, 2014, the Company purchased all raw materials from Xinzhou Gold. During the year ended December 31, 2015, the Company had no sale or purchase of raw material.

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Polices)	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The consolidated financial statements include the accounts of the Company, its wholly subsidiaries Z&W CA and its majority owned subsidiaries JXZD. All inter-company transactions and balances were eliminated. The portion of the income applicable to non-controlling interests in subsidiary undertakings is reflected in the consolidated statements of operations.
Use of Estimates and Assumptions	Use of Estimates and Assumptions The Company prepares its financial statements in conformity with U.S. GAAP, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Foreign Currency Adjustments	Foreign Currency Adjustments Assets and liabilities recorded in foreign currencies are translated at the exchange rate on the balance sheet date. Revenue and expenses are translated at average rates of exchange prevailing during the year. Any translation adjustments are reflected as a separate component of stockholders’ equity (deficit) and have no effect on current earnings. Gains and losses resulting from foreign currency transactions are included in current results of operations. During the years ended December 31,
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents.
Accounts Receivable	Accounts Receivable Accounts receivable are stated at the amount the Company expects to collect. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. Management considers the following factors when determining the collectability of specific customer accounts: customer credit-worthiness, past transaction history with the customer, current economic industry trends, and changes in customer payment terms. Past due balances over 90 days and other higher risk amounts are reviewed individually for collectability. If the financial condition of the Company’s customers were to deteriorate, adversely affecting their ability to make payments, additional allowances would be required. Based on management’s assessment, the Company provides for estimated uncollectible amounts through a charge to earnings and a credit to a valuation allowance. Balances that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. As of December 31, 2015 and 2014, the Company recorded allowances of $201,191 and $100,042, respectively, for doubtful accounts from certain sales that occurred but had not been collected.
Inventories	Inventories Finished goods, work-in-process, and raw materials are valued at the lower of average production cost and net realizable value. The Company records the costs of ore stacked on its leach pads and in process at its production sites as heap leach ore and working process inventories measured at the lower of cost and estimated net realizable value in inventory. These costs are charged to earnings and included in cost of revenues on the basis of tons of precious mineral sold. The estimates and assumptions used in the measurement of heap leach ore and work-in-process inventories include quantities of ore stacked on leach pads, recoverable tons of precious minerals contained in ore stacked on leach pads, recoverable tons of precious minerals in the mill processing circuits and the price expected to be realized when the tons of precious minerals are recovered. If these estimates or assumptions prove to be inaccurate, the Company could be required to write down the carrying amounts of its heap leach ore and work-in-process inventories, which would reduce the Company’s earnings and working capital.
Property and Equipment	Property and Equipment Property and equipment is stated at the historical cost, less accumulated depreciation. Depreciation on property, plant and equipment is provided using the straight-line method over the estimated useful lives of the assets for both financial and income tax reporting purposes as follows: Buildings 20 years Motor vehicles 5 years Production and office Equipment 5 years Expenditures for normal repairs and maintenance are charged to expense as incurred. Significant renewals and improvements are capitalized. The costs and related accumulated depreciation of assets retired or otherwise disposed of are eliminated from the accounts, and any resulting gain or loss is recognized in the year of disposal.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Management reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be realizable or at a minimum annually during the fourth quarter of the year. If an evaluation is required, the estimated future undiscounted cash flows associated with the asset are compared to the asset’s carrying value to determine if an impairment of such asset is necessary. The effect of any impairment would be to expense the difference between the fair value of such asset and its carrying value.
Income Taxes	Income Taxes An asset and liability approach is used for financial accounting and reporting for income taxes. Deferred income taxes arise from temporary differences between income tax and financial reporting and principally relate to recognition of revenue and expenses in different periods for financial and tax accounting purposes and are measured using currently enacted tax rates and laws. In addition, a deferred tax asset can be generated by net operating loss carry forwards. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized. The Company has tax losses that may be applied against future taxable income. The potential tax benefit arising from these loss carryforwards are offset by a valuation allowance due to uncertainty of profitable operations in the future.
Fair Values of Financial Instruments	Fair Values of Financial Instruments Management believes that the carrying amounts of the Company’s financial instruments, consisting primarily of cash and accounts payable, approximated their fair values as of December 31, 2015 and 2014, due to their short-term nature.
Non-controlling Interest	Non-controlling Interest Non-controlling interests in the Company’s subsidiaries are reported as a component of equity, separate from the parent’s equity. Purchase or sale of equity interests that do not result in a change of control are accounted for as equity transactions. Results of operations attributable to the minority interest are included in our consolidated results of operations and, upon loss of control, the interest sold, as well as interest retained, if any, will be reported at fair value with any gain or loss recognized in earnings.
Revenue Recognition	Revenue Recognition Revenue is recognized when products are shipped, title and risk of loss is passed to the customers and collection is reasonably assured. Payments received prior to the satisfaction of above criteria are recorded as deferred revenue.
Basic and Diluted Earnings (Loss) Per Common Share	Basic and Diluted Earnings (Loss) Per Common Share The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing the net loss adjusted on an “as converted” basis, by the weighted average number of common shares outstanding plus potential dilutive securities. For all periods presented, there were no potentially dilutive securities outstanding.
Subsequent Events	Subsequent Events The Company evaluated events subsequent to December 31,
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In April 2015, the FASB issued ASU No. 2015-03, Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements—Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting (SEC Update) In April 2015, the FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs.” ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The ASU is effective for annual periods beginning after December 15, 2015, and interim periods within those annual periods, early adoption is permitted. The Company is currently evaluating the effects of ASU 2015-03 on the consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11, Inventory (Topic 330) - Simplifying the Measurement of Inventory ("ASU 2015-11"), which simplifies the subsequent measurement of inventories by replacing the lower of cost or market test with a lower of cost and net realizable value test. The guidance applies only to inventories for which cost is determined by methods other than last-in first-out ("LIFO") and the retail inventory method. The guidance in ASU No. 2015-11 is effective for periods beginning after December 15, 2016 and early adoption is permitted. The Company will adopt this pronouncement in the first quarter of 2017 and is currently evaluating the impact, if any, adoption will have on its financial position and results of operations. In September 2015, the FASB issued ASU No. 2015-16, Business Combinations (Topic 805): Simplifying the Accounting for Measurement Period Adjustments In November 2015, the FASB issued ASU 2015-17. ASU 2015-17 simplifies the classification of deferred income tax liabilities and assets on the balance sheet by requiring deferred tax liabilities and assets to be classified as non-current on the balance sheet rather than classifying them separately into current and non-current amounts. The guidance in ASU No. 2015-17 is effective for periods beginning after December 15, 2016 and early adoption is permitted. The Company early adopted this pronouncement in the fourth quarter of 2015 on a prospective basis. As a result, the Company has presented all deferred tax assets and liabilities as non-current on the accompanying consolidated balance sheet as of December 31, 2015, but has not reclassified current deferred tax assets and liabilities on the accompanying consolidated balance sheet at December 31, 2014. See Note 8, “Income Taxes” The Company does not believe that any other recently issued effective pronouncements, or pronouncements issued but not yet effective, if adopted, would have a material effect on the accompanying financial statements.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]
Schedule of Property and Equipment	Buildings 20 years Motor vehicles 5 years Production and office Equipment 5 years

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2015
Property and Equipment [Abstract]
Schedule of Property and Equipment	December 31, December 31, 2015 2014 Buildings $ 1,310,813 $ 1,358,788 Motor vehicles 61,949 65,368 Production and office equipment 1,286,310 1,379,793 Subtotal 2,659,072 2,803,949 Less: Accumulated depreciation (1,144,493 ) (874,129 ) Less: Impairment of long-lived assets (1,514,579 ) - Property and equipment, net $ - $ 1,929,820
Schedule of Depreciation	Statement of operations 2015 2014 Operating Costs $ 335,792 $ 257,778 Cost of revenues - 82,680 Total depreciation $ 335,792 $ 340,458

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Short-term debt	At December 31, Annual Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,768,900 15% May 31, 2011 On Demand Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 16,170 15% January 1, 2011 On Demand Zhou Zhi Bin Former CEO & Legal person of JXZD 7,700 15% January 1, 2011 On Demand Tang Yong Hong Manager of JXZD 331,489 15% February 28, 2014 On Demand Yan Chun Yan Accountant of JXZD 4,790 15% August 31, 2014 On Demand Wen Mei Tu President & shareholder of ZDRI 253,000 12% Various Various Importation Tresor Plus Inc Shareholder of ZDRI 30,000 12% July 9, 2012 On Demand Tony Ng Man Kin Shareholder of ZDRI 25,000 12% February 27, 2013 On Demand Wei Tai Trading Inc. Shareholder of ZDRI 12,000 12% June 03, 2015 On Demand YYC Technologies Inc. Owned by Wen Mei Tu’s brother-in-law 6,000 12% May 22, 2015 May 22, 2016 Victor Sun Consultant & shareholder of ZDRI 3,923 0% January 1, 2013 On Demand Helen Chen President of Z&W CA 17,965 0% January 1, 2011 On Demand Zhou Qiang Office manager of JXZD 308,000 15% December 18, 2012 On Demand Total $ 3,784,937 At December 31, 2014: Annual Name Relationship to the Company Amount Interest Rate Start Date Maturity Wei De Gang CEO & Legal Person of JXZD $ 2,905,515 15% May 31, 2011 On Demand Zhao Yan Ling Former Office Manager in JXZD, wife of Zhou Zhi Bin 17,063 15% January 1, 2011 On Demand Zhou Zhi Bin Former CEO & Legal Person of JXZD 8,125 15% January 1, 2011 On Demand Tang Yong Hong Manager of JXZD 334,622 15% February 28, 2014 February 28, 2015 Yan Chun Yan Accountant of JXZD 3,171 15% August 31, 2014 August 31, 2015 Wen Mei Tu President & shareholder of ZDRI 154,965 12% Various Various Importation Tresor Plus Inc Shareholder of ZDRI 30,000 12% July 9, 2012 On Demand Tony Ng Man Kin Shareholder of ZDRI 25,000 12% February 27, 2013 On Demand Victor Sun Consultant & shareholder of ZDRI 3,923 0% January 1, 2013 On Demand Helen Chen President of Z&W CA 17,965 0% January 1, 2011 On Demand Zhou Qiang Office manager of JXZD 325,000 15% December 18, 2012 December 18, 2015 Total $ 3,825,349

Description of Business (Detail

Description of Business (Details Narrative)	Dec. 31, 2015
JXZD [Member]
Ownership percentage	70.00%
Z&W CA [Member]
Ownership percentage	100.00%
Other Partners [Member]
Ownership percentage	30.00%

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2015
Buildings [Member]
Property and Equipment useful life	20 years
Motor vehicles [Member]
Property and Equipment useful life	5 years
Production and office Equipment [Member]
Property and Equipment useful life	5 years

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Summary of Significant Accounting Policies [Abstract]
Foreign currency translation adjustments	$ 400,600	$ 22,664
Allowances for doubtful accounts	$ 201,191	$ 100,042

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Going Concern [Abstract]
Accumulated losses	$ 18,034,800	$ 15,760,155
Working capital deficit	$ 7,378,440

VAT Receivables (Details Narrat

VAT Receivables (Details Narrative) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
VAT Receivables [Abstract]
VAT receivables		$ 174,896
VAT Receivables wrote down	$ 175,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Subtotal	$ 2,659,072	$ 2,803,949
Less: Accumulated Depreciation	(1,144,493)	$ (874,129)
Less: Impairment of long-lived assets	$ (1,514,579)
Property and Equipment, Net		$ 1,929,820
Buildings [Member]
Subtotal	$ 1,310,813	1,358,788
Motor Vehicles [Member]
Subtotal	61,949	65,368
Production and Office Equipment [Member]
Subtotal	$ 1,286,310	$ 1,379,793

Property and Equipment (Detai28

Property and Equipment (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Statement of operations
Operating Costs	$ 335,792	$ 257,778
Cost of revenues		82,680
Total depreciation	$ 335,792	$ 340,458

Property and Equipment (Detai29

Property and Equipment (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)
Property and Equipment [Abstract]
Impairment loss on the assets	$ 1,500,000

Construction in Progress (Detai

Construction in Progress (Details Narrative) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Construction in Progress [Abstract]
Construction in progress	$ 0	$ 174,318
Impairment loss	$ 200,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Amount	$ 3,784,937	$ 3,825,349
Related party one [Member]
Name	Wei De Gang	Wei De Gang
Relationship to the Company	CEO & Legal person of JXZD	CEO & Legal Person of JXZD
Amount	$ 2,768,900	$ 2,905,515
Annual Interest Rate	15.00%	15.00%
Start Date	May 31, 2011	May 31, 2011
Maturity	On Demand	On Demand
Related party two [Member]
Name	Zhao Yan Ling	Zhao Yan Ling
Relationship to the Company	Former office manager of JXZD, wife of Zhou Zhi Bin	Former Office Manager in JXZD, wife of Zhou Zhi Bin
Amount	$ 16,170	$ 17,063
Annual Interest Rate	15.00%	15.00%
Start Date	January 01, 2011	January 01, 2011
Maturity	On Demand	On Demand
Related party three [Member]
Name	Zhou Zhi Bin	Zhou Zhi Bin
Relationship to the Company	Former CEO & Legal person of JXZD	Former CEO & Legal Person of JXZD
Amount	$ 7,700	$ 8,125
Annual Interest Rate	15.00%	15.00%
Start Date	January 01, 2011	January 01, 2011
Maturity	On Demand	On Demand
Related party four [Member]
Name	Tang Yong Hong	Tang Yong Hong
Relationship to the Company	Manager of JXZD	Manager of JXZD
Amount	$ 331,489	$ 334,622
Annual Interest Rate	15.00%	15.00%
Start Date	February 28, 2014	February 28, 2014
Maturity	On Demand	February 28, 2015
Related party five [Member]
Name	Yan Chun Yan	Yan Chun Yan
Relationship to the Company	Accountant of JXZD	Accountant of JXZD
Amount	$ 4,790	$ 3,171
Annual Interest Rate	15.00%	15.00%
Start Date	August 31, 2014	August 31, 2014
Maturity	On Demand	August 31, 2015
Related party six [Member]
Name	Wen Mei Tu	Wen Mei Tu
Relationship to the Company	President & shareholder of ZDRI	President & shareholder of ZDRI
Amount	$ 253,000	$ 154,965
Annual Interest Rate	12.00%	12.00%
Start Date	Various	Various
Maturity	Various	Various
Related party seven [Member]
Name	Importation Tresor Plus Inc	Importation Tresor Plus Inc
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Amount	$ 30,000	$ 30,000
Annual Interest Rate	12.00%	12.00%
Start Date	July 09, 2012	July 09, 2012
Maturity	On Demand	On Demand
Related party eight [Member]
Name	Tony Ng Man Kin	Tony Ng Man Kin
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Amount	$ 25,000	$ 25,000
Annual Interest Rate	12.00%	12.00%
Start Date	February 27, 2013	February 27, 2013
Maturity	On Demand	On Demand
Related party nine [Member]
Name	Wei Tai Trading Inc.	Victor Sun
Relationship to the Company	Shareholder of ZDRI	Consultant & shareholder of ZDRI
Amount	$ 12,000	$ 3,923
Annual Interest Rate	12.00%	0.00%
Start Date	June 03, 2015	January 01, 2013
Maturity	On Demand	On Demand
Related party ten [Member]
Name	YYC Technologies Inc.	Helen Chen
Relationship to the Company	Owned by Wen Mei Tu’s brother-in-law	President of Z&W CA
Amount	$ 6,000	$ 17,965
Annual Interest Rate	12.00%	0.00%
Start Date	May 22, 2015	January 01, 2011
Maturity	May 22, 2016	On Demand
Related party eleven [Member]
Name	Victor Sun	Zhou Qiang
Relationship to the Company	Consultant & shareholder of ZDRI	Office manager of JXZD
Amount	$ 3,923	$ 325,000
Annual Interest Rate	0.00%	15.00%
Start Date	January 01, 2013	December 18, 2012
Maturity	On Demand	December 18, 2015
Related party twelve [Member]
Name	Helen Chen
Relationship to the Company	President of Z&W CA
Amount	$ 17,965
Annual Interest Rate	0.00%
Start Date	January 01, 2011
Maturity	On Demand
Related party thirteen [Member]
Name	Zhou Qiang
Relationship to the Company	Office manager of JXZD
Amount	$ 308,000
Annual Interest Rate	15.00%
Start Date	December 18, 2012
Maturity	On Demand
Related party [Member]
Amount	$ 3,784,937	$ 3,825,349

Related Party Transactions (D32

Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Related Party Transactions [Abstract]
Due to related parties	$ 761,066	$ 766,672
Short-term debt-related parties	3,784,937	3,825,349
Accrued interest-related parties	2,353,997	1,885,345
Interest expense	$ 579,805	$ 545,840

Deferred Revenues (Details Narr

Deferred Revenues (Details Narrative) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred Revenues [Abstract]
Deferred revenue	$ 155,021	$ 163,779

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)
Income Taxes [Abstract]
Net operating loss carryforwards	$ 18,034,000
Net operating loss carryforwards expiration date	Dec. 31, 2035
Statutory rate	25.00%