Zhen Ding Resources (RBTK) 10-K 30 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 30, 2020	Jun. 30, 2019
Cover [Abstract]
Entity Registrant Name	ZHEN DING RESOURCES INC.
Entity Central Index Key	0001594204
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity File Number	333-188152
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		63,968,798
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 9,133	$ 5,931
Other receivables		881
Total current assets	9,133	6,812
Current Liabilities:
Accounts payable and accrued liabilities	669,687	604,396
Accounts payable and accrued liabilities-related parties	4,005,488	3,572,385
Deferred revenue	130,102	131,824
Due to related parties	767,805	777,942
Short-term debt	146,000	72,500
Short-term debt-related parties	3,705,740	3,747,273
Total current liabilities	9,424,822	8,906,320
Commitments and Contingencies
Stockholders' deficit
Common stock, 150,000,000 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 income	574,491	504,405
Accumulated deficit	(19,991,881)	(19,518,729)
Total deficit attributable to Zhen Ding Resources Inc.	(6,653,549)	(6,250,483)
Non-controlling interests	(2,762,140)	(2,649,025)
Total Stockholders' deficit	(9,415,689)	(8,899,508)
Total liabilities and Stockholders' deficit	$ 9,133	$ 6,812

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, authorized	150,000,000	150,000,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
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, 2019	Dec. 31, 2018
Operating expenses:
General and administrative	$ 68,714	$ 118,575
Total operating expenses	68,714	118,575
Operating loss	(68,714)	(118,575)
Other expense:
Interest expenses	(547,655)	(569,266)
Other income (expenses)	66	23,051
Net loss	(616,303)	(664,790)
Loss attributable to non-controlling interests	143,151	157,213
Net loss attributable to Zhen Ding Resources Inc.	$ (473,152)	$ (507,577)
Basic and diluted loss per common share (in dollars per share)	$ (0.01)	$ (0.01)
Basic and diluted weighted average number of common shares outstanding (in shares)	63,968,798	63,968,798
Comprehensive loss:
Net loss	$ (616,303)	$ (664,790)
Other comprehensive income (loss):
Foreign currency translation adjustments	100,122	443,779
Total comprehensive loss	(516,181)	(221,011)
Comprehensive loss attributable to non-controlling interest	113,115	24,037
Comprehensive loss attributable to Zhen Ding Resources Inc.	$ (403,066)	$ (196,974)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Net loss	$ (616,303)	$ (664,790)
Adjustment to reconcile net loss to net cash used in operating activities:
Other receivables		(881)
Accounts payable and accrued liabilities	56,035	290,609
Accounts payable and accrued liabilities-related parties	433,103	71,944
Deferred revenue	(1,722)	(22,795)
Net cash used in operating activities	(128,887)	(325,913)
Cash flows from financing activities
Proceeds from borrowings on short-term debt	73,500	72,500
Proceeds from borrowings on short-term debt - related parties	(41,533)	(192,104)
Net cash provided by financing activities	31,967	(119,604)
Foreign currency translation	100,122	443,779
Net change in cash	3,202	(1,738)
Cash and cash equivalents - beginning of the year	5,931	7,669
Cash and cash equivalents - end of the year	9,133	5,931
Supplemental cash flow information:
Cash paid for interest
Cash paid for income tax

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Deficit - USD ($)	Common Stock [Member]	Additional Paid in Capital [Member]	Subscriptions Receivable [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated Deficit [Member]	Non-controlling Interest [Member]	Total
Balances at beginning at Dec. 31, 2017	$ 6,397	$ 12,762,875	$ (5,431)	$ 193,802	$ (19,011,152)	$ (2,624,988)	$ (8,678,497)
Balances at beginning (in shares) at Dec. 31, 2017	63,968,798
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Foreign currency translation adjustment				310,603		133,176	443,779
Net loss					(507,577)	(157,213)	(664,790)
Balances at ending at Dec. 31, 2018	$ 6,397	12,762,875	(5,431)	504,405	(19,518,729)	(2,649,025)	(8,899,508)
Balances at ending (in shares) at Dec. 31, 2018	63,968,798
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Foreign currency translation adjustment				70,086		30,036	100,122
Net loss					(473,152)	(143,151)	(616,303)
Balances at ending at Dec. 31, 2019	$ 6,397	$ 12,762,875	$ (5,431)	$ 574,491	$ (19,991,881)	$ (2,762,140)	$ (9,415,689)
Balances at ending (in shares) at Dec. 31, 2019	63,968,798

Description of Business

Description of Business	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [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 the State of Delaware in September 1996 and began its business activities in the development and marketing of specialized technological equipment. In early 2010, the business direction of our Company was changed to seek opportunities to focus particularly on searching for companies engaged in the mining of gold, silver and copper. The Company 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”). Our Company, through 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. In 2017, the Company shut down its mineral processing plant in China due to insufficient working capital. The Company had limited operations and plans to resume selling processed ore concentrate as soon as possible to provide Zhen Ding JV the cash flow needed to keep its plant operating and to maintain a viable work force for future expansion.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
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 accompanying consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries Z&W CA and its majority owned subsidiary 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 periods ended December 31, 2019 and 2018, the Company had aggregate foreign currency translation gains (loss) of $100,122 and $443,779, respectively. 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. 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 cash equivalents, other receivable, due to related parties, short term debt and short term debt – related parties, accounts payable and accounts payable – related parties approximated their fair values as of December 31, 2019 and 2018, due to their short-term nature. Non-controlling Interests 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. 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, 2019 through the date the financial statements were issued for disclosure consideration. Recently Issued Accounting Pronouncements In February 2016, FASB issued ASU No. 2016-02 Leases In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which modifies the disclosure requirements on fair value measurements. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with partial early adoption permitted for eliminated disclosures. The method of adoption varies by the disclosure. The Company is currently evaluating the impact that adopting this guidance will have on the audited financial statements. The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material on its audited financial statements.

Going Concern

Going Concern	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [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 twelve months. As of December 31, 2019, the Company had accumulated losses of $19,991,881 since inception and had a working capital deficit of $9,415,689. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. The continuation of the Company as a going concern is dependent upon financial support from its stockholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. Realization value may be substantially different from carrying values as shown and these financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Short-Term Debt

Short-Term Debt	12 Months Ended
	Dec. 31, 2019
Short-term Debt [Abstract]
Short-Term Debt	Note 4. Short-Term Debt The following table represents the details of the short-term debts at December 31, 2019 and 2018: Issuance date Maturity Interest Rate Amount as of 12.31.19 Amount as of 12.31.18 January 31, 2018 January 31, 2019 1% per month $ 27,500 27,500 May 18, 2018 May 18, 2019 1% per month 25,000 25,000 September 14, September 13, 2019 1% per month 20,000 20,000 January 21, 2019 January 20, 2020 1% per month 20,000 - February 12, 2019 February 11, 2020 1% per month 10,000 - April 26, 2019 April 25, 2020 1% per month 15,000 - June 28, 2019 June 28, 2020 1% per month 18,500 - October 2, 2019 October 1, 2020 1% per month 10,000 - 146,000 72,500 According to the loan agreements, there is no additional interest and penalty for the loans passing maturity date. During the twelve months ended December 31, 2019 and 2018, the Company recorded interest expense and accrued interest of $14,278 and $3,988.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 5. Related Party Transactions Accounts payable As of December 31, 2019 and 2018, the Company had payables of $767,805 and $777,942, respectively, to Xinzhou Gold. These payables bear no interest, are unsecured and are due on demand. Short-term debt As of December 31, 2019 and 2018, the Company had short-term debts to related parties of $3,705,740 and $3,747,273, respectively. The details of the loans are described as below. At December 31, 2019: Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,580,109 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, 15,068 15 % January 1, 2011 December 31, Zhou Zhi Bin Former CEO & Legal person of 7,175 15 % January 1, 2011 December 31, Tang Yong Hong Manager of JXZD 309,303 15 % February 28, February 28, 2016 Yan Chun Yan Accountant of JXZD 397 15 % August 31, 2014 August 31, 2015 Wen Mei Tu President & shareholder of ZDRI 370,800 12 % Various Various Importation Shareholder of ZDRI 30,000 12 % July 9, 2012 July 12, 2013 Tony Ng Man Shareholder of ZDRI 25,000 12 % February 27, February 27, Wei Tai Trading Shareholder of ZDRI 12,000 12 % June 3, 2015 September 3, JYS Technologies Wen Mei Tu’s brother in law owned 6,000 12 % May 22, 2015 July 19, 2016 Philip Pak Shareholder of ZDRI 41,000 12 % Various Various 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 Current portion of long-term debt Zhou Qiang Office manager of JXZD 287,000 15 % December 18, December 18, Total $ 3,705,740 At December 31, Name Relationship to the Company Amount Interest Rate Start Date Maturity Short-term debt – related party Wei De Gang Former CFO & Legal person of $ 2,614,271 15 % May 31, 2011 May 31, Zhao Yan Ling Former office manager of JXZD, 15,267 15 % January 1, 2011 December 31, Zhou Zhi Bin Former CEO & Legal person of 7,270 15 % January 1, 2011 December 31, Tang Yong Hong Manager of JXZD 312,977 15 % February 28, February 28, Wen Mei Tu President & shareholder of ZDRI 370,800 12 % Various Various Importation Shareholder of ZDRI 30,000 12 % July 9, 2012 July 12, 2013 Tony Ng Man Shareholder of ZDRI 25,000 12 % February 27, February 27, Wei Tai Trading Shareholder of ZDRI 12,000 12 % June 3, 2015 September 3, JYS Technologies Wen Mei Tu’s brother in law owned 6,000 12 % May 22, 2015 July 19, 2016 Philip Pak Consultant & shareholder of ZDRI 41,000 12 % Various Various 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 Current portion of long-term debts – related parties Zhou Qiang Office manager of JXZD 290,800 15 % December 18, December 18, Total $ 3,747,273 As of December 31, 2019 and 2018, the Company had accrued interest payable to the related parties of $4,005,488 and $3,572,385, respectively. For the periods ended December 31, 2019 and 2018, the Company recorded interest expense of $547,655 and $569,266, respectively. The Company has received no demands for repayment of matured debt instruments.

Deferred Revenues

Deferred Revenues	12 Months Ended
	Dec. 31, 2019
Deferred Revenue Disclosure [Abstract]
Deferred Revenues	Note 6. Deferred Revenues As of December 31, 2019 and 2018, the Company had deferred revenue of $130,102 and $131,824 related to receipts of payment for unprocessed ore from Xinzhou Gold Co. Ltd, respectively, related to advances that the Company received from its customers. The Company has received no demands for repayment of deferred revenues.

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Note 7. 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.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 8. 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. On December 22, 2017, new federal tax reform legislation was enacted in the United States (the “2017 Tax Act”), resulting in significant changes from previous tax law. The 2017 Tax Act reduces the federal corporate income tax rate to 21% from 35% effective January 1, 2018. The Company was incorporated in the United States and is subject to United States federal income taxes and has incurred operating losses since its inception. The Company's joint venture in China is subject to a 25% statutory PRC enterprise income tax rate and has also incurred operating losses since its inception. As of December 31, 2019, the Company had net operating losses (“NOL”) carryforwards of approximately $20 million. The NOL carryforwards expire between fiscal year 2018 through 2035. The value of these carryforwards depends on the Company’s ability to generate taxable income. Tax laws in both China and United States limit the time during which the net operating loss carryforwards may be applied against future taxes, if the Company fails to generate taxable income prior to the expiration dates, the Company may not be able to fully utilize the net operating loss carryforwards to reduce future income taxes. The Company has had cumulative losses and there is no assurance of future taxable income; therefore, valuation allowances have been recorded to fully offset the deferred tax asset at December 31, 2019 and 2018. The approximately tax effects of temporary differences that give rise to the Company's net deferred tax assets as of December 31, 2019 and 2018 are as follows: December 31, 2019 December 31, 2018 Deferred tax assets: Net operating losses carried forward $ 3,131,000 $ 2,964,000 Valuation allowance (3,131,000 ) (2,964,000 ) Net deferred tax assets $ - $ -

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying consolidated financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries Z&W CA and its majority owned subsidiary 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 periods ended December 31, 2019 and 2018, the Company had aggregate foreign currency translation gains (loss) of $100,122 and $443,779, respectively.
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.
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 cash equivalents, other receivable, due to related parties, short term debt and short term debt – related parties, accounts payable and accounts payable – related parties approximated their fair values as of December 31, 2019 and 2018, due to their short-term nature.
Non-controlling Interests	Non-controlling Interests 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.
Basic and Diluted 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, 2019 through the date the financial statements were issued for disclosure consideration.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, FASB issued ASU No. 2016-02 Leases In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”), which modifies the disclosure requirements on fair value measurements. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years, with partial early adoption permitted for eliminated disclosures. The method of adoption varies by the disclosure. The Company is currently evaluating the impact that adopting this guidance will have on the audited financial statements. The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material on its audited financial statements.

Short-Term Debt (Tables)

Short-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2019
Short-term Debt [Abstract]
Schedule of short-term debts	The following table represents the details of the short-term debts at December 31, 2019 and 2018: Issuance date Maturity Interest Rate Amount as of 12.31.19 Amount as of 12.31.18 January 31, 2018 January 31, 2019 1% per month $ 27,500 27,500 May 18, 2018 May 18, 2019 1% per month 25,000 25,000 September 14, September 13, 2019 1% per month 20,000 20,000 January 21, 2019 January 20, 2020 1% per month 20,000 - February 12, 2019 February 11, 2020 1% per month 10,000 - April 26, 2019 April 25, 2020 1% per month 15,000 - June 28, 2019 June 28, 2020 1% per month 18,500 - October 2, 2019 October 1, 2020 1% per month 10,000 - 146,000 72,500

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Schedule of short-term debts to related parties	The details of the loans are described as below. At December 31, 2019: Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,580,109 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, 15,068 15 % January 1, 2011 December 31, Zhou Zhi Bin Former CEO & Legal person of 7,175 15 % January 1, 2011 December 31, Tang Yong Hong Manager of JXZD 309,303 15 % February 28, February 28, 2016 Yan Chun Yan Accountant of JXZD 397 15 % August 31, 2014 August 31, 2015 Wen Mei Tu President & shareholder of ZDRI 370,800 12 % Various Various Importation Shareholder of ZDRI 30,000 12 % July 9, 2012 July 12, 2013 Tony Ng Man Shareholder of ZDRI 25,000 12 % February 27, February 27, Wei Tai Trading Shareholder of ZDRI 12,000 12 % June 3, 2015 September 3, JYS Technologies Wen Mei Tu’s brother in law owned 6,000 12 % May 22, 2015 July 19, 2016 Philip Pak Shareholder of ZDRI 41,000 12 % Various Various 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 Current portion of long-term debt Zhou Qiang Office manager of JXZD 287,000 15 % December 18, December 18, Total $ 3,705,740 At December 31, Name Relationship to the Company Amount Interest Rate Start Date Maturity Short-term debt – related party Wei De Gang Former CFO & Legal person of $ 2,614,271 15 % May 31, 2011 May 31, Zhao Yan Ling Former office manager of JXZD, 15,267 15 % January 1, 2011 December 31, Zhou Zhi Bin Former CEO & Legal person of 7,270 15 % January 1, 2011 December 31, Tang Yong Hong Manager of JXZD 312,977 15 % February 28, February 28, Wen Mei Tu President & shareholder of ZDRI 370,800 12 % Various Various Importation Shareholder of ZDRI 30,000 12 % July 9, 2012 July 12, 2013 Tony Ng Man Shareholder of ZDRI 25,000 12 % February 27, February 27, Wei Tai Trading Shareholder of ZDRI 12,000 12 % June 3, 2015 September 3, JYS Technologies Wen Mei Tu’s brother in law owned 6,000 12 % May 22, 2015 July 19, 2016 Philip Pak Consultant & shareholder of ZDRI 41,000 12 % Various Various 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 Current portion of long-term debts – related parties Zhou Qiang Office manager of JXZD 290,800 15 % December 18, December 18, Total $ 3,747,273

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of net deferred tax assets	The approximately tax effects of temporary differences that give rise to the Company's net deferred tax assets as of December 31, 2019 and 2018 are as follows: December 31, 2019 December 31, 2018 Deferred tax assets: Net operating losses carried forward $ 3,131,000 $ 2,964,000 Valuation allowance (3,131,000 ) (2,964,000 ) Net deferred tax assets $ - $ -

Description of Business (Detail

Description of Business (Details Narrative)	Dec. 31, 2019
Zhen Ding Corporation [Member]
Ownership percentage	100.00%
Zhen Ding JV [Member]
Ownership percentage	70.00%
Other Partners [Member]
Ownership percentage	30.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Foreign currency translation gains	$ (100,122)	$ (443,779)

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated losses	$ (19,991,881)	$ (19,518,729)
Working capital deficit		$ 9,415,689

Short-Term Debt (Details)

Short-Term Debt (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Amount	$ 146,000	$ 72,500
Short-term Debt January 31, 2018 [Member]
Issuance date	January 31, 2018
Maturity	January 31, 2019
Interest Rate per month	1.00%
Amount	$ 27,500	27,500
Short-term Debt May 18, 2018 [Member]
Issuance date	May 18, 2018
Maturity	May 18, 2019
Interest Rate per month	1.00%
Amount	$ 25,000	25,000
Short-term Debt September 14, 2018 [Member]
Issuance date	September 14, 2018
Maturity	September 13, 2018
Interest Rate per month	1.00%
Amount	$ 20,000	$ 20,000
Short-Term Debt June 28, 2019 [Member]
Issuance date	June 28, 2019
Maturity	June 28, 2020
Interest Rate per month	1.00%
Amount	$ 18,500
Short-term Debt January 21, 2019 [Member]
Issuance date	January 21, 2019
Maturity	January 20, 2020
Interest Rate per month	1.00%
Amount	$ 10,000
Short-term Debt February 12, 2019 [Member]
Issuance date	February 12, 2019
Maturity	February 11, 2020
Interest Rate per month	1.00%
Amount	$ 15,000
Short-Term Debt April 26, 2019 [Member]
Issuance date	April 26, 2019
Maturity	April 25, 2020
Interest Rate per month	1.00%
Amount	$ 15,000
Short-Term Debt Oct 2, 2019 [Member]
Issuance date	October 2, 2019
Maturity	October 1, 2020
Interest Rate per month	1.00%
Amount	$ 10,000

Short-Term Debt (Details Narrat

Short-Term Debt (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Short-term Debt [Abstract]
Interest expense and accrued interest	$ 14,278	$ 3,988

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Amount	$ 3,705,740	$ 3,747,273
Zhou Qiang [Member]
Relationship to the Company	Office manager of JXZD	Office manager of JXZD
Amount	$ 287,000	$ 290,800
Annual Interest Rate	15.00%	15.00%
Start Date	December 18, 2012	December 18, 2012
Maturity	December 18, 2015	December 18, 2015
Wei De Gang [Member]
Relationship to the Company	CEO & Legal person of JXZD	Former CFO & Legal person of JXZD
Amount	$ 2,580,109	$ 2,614,271
Annual Interest Rate	15.00%	15.00%
Start Date	May 31, 2011	May 31, 2011
Maturity	May 31, 2014	May 31, 2014
Zhao Yan Ling [Member]
Relationship to the Company	Former Office Manager in JXZD, wife of Zhou Zhi Bin	Former office manager of JXZD, wife of Zhou Zhi Bin
Amount	$ 15,068	$ 15,267
Annual Interest Rate	15.00%	15.00%
Start Date	January 1, 2011	January 1, 2011
Maturity	December 31, 2013	December 31, 2013
Zhou Zhi Bin [Member]
Relationship to the Company	Former CEO & Legal Person of JXZD	Former CEO & Legal Person of JXZD
Amount	$ 7,175	$ 7,270
Annual Interest Rate	15.00%	15.00%
Start Date	January 1, 2011	January 1, 2011
Maturity	December 31, 2013	December 31, 2013
Tang Yong Hong [Member]
Relationship to the Company	Manager of JXZD	Manager of JXZD
Amount	$ 309,303	$ 312,977
Annual Interest Rate	15.00%	15.00%
Start Date	February 28, 2015	February 28, 2015
Maturity	February 28, 2016	February 28, 2016
Wen Mei Tu [Member]
Relationship to the Company	President & shareholder of ZDRI	President & shareholder of ZDRI
Amount	$ 370,800	$ 370,800
Annual Interest Rate	12.00%	12.00%
Start Date	Various	Various
Maturity	Various	Various
Importation Tresor Plus Inc [Member]
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 9, 2012	July 9, 2012
Maturity	July 12, 2013	July 12, 2013
Wei Tai Trading Inc [Member]
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Amount	$ 12,000	$ 12,000
Annual Interest Rate	12.00%	12.00%
Start Date	June 3, 2015	June 3, 2015
Maturity	September 3, 2015	September 3, 2015
JYS Technologies Inc [Member]
Relationship to the Company	Wen Mei Tu's brother in law owned	Wen Mei Tu's brother in law owned
Amount	$ 6,000	$ 6,000
Annual Interest Rate	12.00%	12.00%
Start Date	May 22, 2015	May 22, 2015
Maturity	July 19, 2016	July 19, 2016
Tony Ng Man Kin [Member]
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	February 27, 2014	February 27, 2014
Philip Pak [Member]
Relationship to the Company	Shareholder of ZDRI	Consultant & shareholder of ZDRI
Amount	$ 41,000	$ 41,000
Annual Interest Rate	12.00%	12.00%
Start Date	Various	Various
Maturity	Various	Various
Victor Sun [Member]
Relationship to the Company	Consultant & shareholder of ZDRI	Consultant & shareholder of ZDRI
Amount	$ 3,923	$ 3,923
Annual Interest Rate	0.00%	0.00%
Start Date	January 1, 2013	January 1, 2013
Maturity	On Demand	On Demand
Helen Chen [Member]
Relationship to the Company	President of Z&W CA	President of Z&W CA
Amount	$ 17,965	$ 17,965
Annual Interest Rate	0.00%	0.00%
Start Date	January 1, 2011	January 1, 2011
Maturity	On Demand	On Demand
Yan Chun Yan [Member]
Relationship to the Company	Accountant of JXZD
Amount	$ 397
Annual Interest Rate	15.00%
Start Date	August 31, 2014
Maturity	August 31, 2015

Related Party Transactions (D_2

Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
Due to related parties	$ 767,805	$ 777,942
Short-term debts to related parties	3,705,740	3,747,273
Accrued interest-related parties	4,005,488	3,572,385
Interest expenses	$ 547,655	$ 569,266

Deferred Revenues (Details Narr

Deferred Revenues (Details Narrative) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Deferred Revenue Disclosure [Abstract]
Deferred revenue	$ 130,102	$ 131,824

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Net operating losses carried forward	$ 3,131,000	$ 2,964,000
Valuation allowance	(3,131,000)	(2,964,000)
Net deferred tax assets

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2019USD ($)
Previously Federal statutory corporate tax rate	21.00%
Federal statutory corporate tax rate	35.00%
Net operating losses carryforward	$ 20,000,000
Earnings of foreign subsidiaries	$ 0
State Administration of Taxation, China [Member]
Federal statutory corporate tax rate	25.00%
Minimum [Member]
NOL carryforwards expiration date	Jan. 1, 2018
Maximum [Member]
NOL carryforwards expiration date	Dec. 31, 2035