Zhen Ding Resources (RBTK) 10-Q 17 May 21 2021 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2021	May 17, 2021
Cover [Abstract]
Entity Registrant Name	ZHEN DING RESOURCES INC.
Entity Central Index Key	0001594204
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
Amendment Flag	false
Entity Incorporation, State or Country Code	DE
Entity File Number	333-188152
Current Fiscal Year End Date	--12-31
Title of 12(b) Security	Common Stock
Trading Symbol	RBTK
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		63,968,798
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 24,182	$ 3,256
Total current assets	24,182	3,256
Current Liabilities:
Accounts payable and accrued liabilities	481,407	376,897
Accounts payable and accrued liabilities-related parties	4,897,621	4,844,251
Deferred revenue	138,352	138,948
Due to related parties	816,984	820,500
Short-term debt	113,000	70,500
Short-term debt-related parties	3,404,583	3,469,005
Total current liabilities	9,851,947	9,720,101
Stockholders' deficit
Common stock, 150,000,000 authorized, $0.0001 par value, 110,410,348 shares issued and outstanding	11,041	11,041
Additional paid-in capital	13,687,082	13,687,082
Subscriptions receivable	(5,431)	(5,431)
Accumulated other comprehensive income	198,857	169,403
Accumulated deficit	(20,605,022)	(20,490,913)
Total deficit attributable to Zhen Ding Resources Inc.	(6,713,473)	(6,628,818)
Non-controlling interests	(3,114,292)	(3,088,027)
Total Stockholders' deficit	(9,827,765)	(9,716,845)
Total liabilities and Stockholders' deficit	$ 24,182	$ 3,256

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
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	110,410,348	110,410,348
Common stock, outstanding	110,410,348	110,410,348

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating expenses:
General and administrative	$ 21,343	$ 20,748
Total operating expenses	21,343	20,748
Operating loss	(21,343)	(20,748)
Other expense:
Interest expenses	(131,657)	(138,358)
Other income (expenses)	3	4
Net loss	(152,997)	(159,102)
Loss attributable to non-controlling interests	38,888	35,762
Net loss attributable to Zhen Ding Resources Inc.	$ (114,109)	$ (123,340)
Basic and diluted loss per common share (in dollars per share)	$ 0	$ (0.01)
Basic and diluted weighted average number of common shares outstanding (in shares)	110,411,348	63,968,798
Comprehensive loss:
Net loss	$ (152,997)	$ (159,102)
Other comprehensive income (loss):
Foreign currency translation adjustments	42,077	147,408
Total comprehensive loss	(110,920)	(11,694)
Comprehensive loss attributable to non-controlling interest	(26,265)	(8,461)
Comprehensive loss attributable to Zhen Ding Resources Inc.	$ (137,185)	$ (20,155)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities
Net loss	$ (152,997)	$ (159,102)
Adjustment to reconcile net loss to net cash used in operating activities:
Accounts payable and accrued liabilities	100,994	(6,118)
Accounts payable and accrued liabilities-related parties	53,370	48,098
Deferred revenue	(596)
Net cash used in operating activities	771	(117,122)
Cash flows from financing activities
Proceeds from borrowings on short-term debt	42,500	22,000
Proceeds from borrowings on short-term debt - related parties	(64,422)	(55,495)
Net cash provided(used in) by financing activities	(21,922)	(33,495)
Foreign currency translation	42,077	147,408
Net change in cash	20,926	(3,209)
Cash and cash equivalents - beginning of the period	3,256	9,133
Cash and cash equivalents - end of the period	24,182	5,924
Supplemental cash flow information:
Cash paid for interest
Cash paid for income tax

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Deficit (Unaudited) - 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, beginning at Dec. 31, 2019	$ 6,397	$ 12,762,875	$ (5,431)	$ 574,491	$ (19,991,881)	$ (2,762,140)	$ (9,415,689)
Balances, beginning (in shares) at Dec. 31, 2019	63,968,798
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Foreign currency translation adjustment				103,185		44,223	147,408
Net loss					(123,340)	(35,762)	(159,102)
Balances, end at Mar. 31, 2020	$ 6,397	12,762,875	(5,431)	677,676	(20,115,221)	(2,753,679)	(9,427,383)
Balances, end (in shares) at Mar. 31, 2020	63,968,798
Balances, beginning at Dec. 31, 2020	$ 11,041	13,687,082	(5,431)	169,403	(20,490,913)	(3,088,027)	(9,716,845)
Balances, beginning (in shares) at Dec. 31, 2020	110,411,348
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Foreign currency translation adjustment				29,454		12,623	42,077
Net loss					(114,109)	(38,888)	(152,997)
Balances, end at Mar. 31, 2021	$ 11,041	$ 13,687,082	$ (5,431)	$ 198,857	$ (20,605,022)	$ (3,114,292)	$ (9,827,765)
Balances, end (in shares) at Mar. 31, 2021	110,411,348

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2021
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	3 Months Ended
	Mar. 31, 2021
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. Interim Financial Statements These unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“US GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2020 and notes thereto and other pertinent information contained in our Form 10-K which the Company has filed with the Securities and Exchange Commission (the “SEC”) on April 1, 2021. 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 March 31, 2021 and 2020, the Company had aggregate foreign currency translation gains of $42,077 and $147,408, 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, , due to related parties, short term debt and short term debt–related parties, deferred revenue, accounts payable and accured liabilities, approximated their fair values as of March 31, 2021 and 2020, 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 March 31, 2021 through the date the financial statements were issued for disclosure consideration. Recently Issued Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic740): Simplifying the Accounting for Income Taxes The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its consolidated financial statements

Going Concern

Going Concern	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021, the Company had accumulated losses of $20,605,022 since inception and had a working capital deficit of $9,827,765. 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	3 Months Ended
	Mar. 31, 2021
Short-term Debt [Abstract]
Short-Term Debt	Note 4. Short-Term Debt The following table represents the details of the short-term debts at March 31, 2021 and December 31, 2020: Issuance date Maturity Interest Rate 03.31.2021 12.31.2020 October 2, 2019 October 1, 2020 1% per month $ 10,000 $ 10,000 January 15, 2020 January 15, 2021 1% per month 22,000 22,000 April 16, 2020 April 15, 2021 1% per month 13,500 13,500 July 2, 2020 July 1, 2021 1% per month 18,500 18,500 October 23, 2020 October 22, 2021 1% per month 6,500 6,500 January 5, 2021 January 15, 2022 1% per month 22,500 - March 10, 2021 March 10, 2022 1% per month 20,000 - $ 113,000 $ 70,500 According to the loan agreements, there is not any additional interest and penalty for the loans passing maturity date. During the three months ended March 31, 2021 and 2020, the Company recorded interest expense and accrued interest of $2,553 and $4,710, respectively and is included in interest expense in the consolidated statements of operations.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 5. Related Party Transactions Due to related parties As of March 31, 2021 and December 31, 2020, the Company had payables of $816,984 and $820,500, respectively, to Xinzhou Gold. These payables bear no interest, are unsecured and are due on demand. Short-term debt As of March 31, 2021 and December 31, 2020, the Company had short-term debts to related parties of $3,404,583 and $3,469,005, respectively. The details of the loans are described as below. At March 31, 2021: Name Relationship to the Company Amount Interest Rate Start Date Maturity Short-term debt Wei De Gang CEO & Legal person of JXZD $ 2,743,762 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 16,023 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of JXZD 7,630 15 % January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 328,917 15 % February 28, 2015 February 28, 2016 Yan Chun Yan Accountant of JXZD 3,051 15 % August 31, 2014 August 31, 2015 Current portion of long-term debt Zhou Qiang Office manager of JXZD 305,200 15 % December 18, 2012 December 18, 2015 Total $ 3,404,583 At December 31, 2020: Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,755,570 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 16,092 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of JXZD 7,663 15 % January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 330,333 15 % February 28, February 28, 2016 Yan Chun Yan Accountant of JXZD 2,552 15 % August 31, 2014 August 31, 2015 Victor Sun Consultant & shareholder of ZDRI 50,282 0 % January 1, 2013 On Demand Current portion of long-term debt Zhou Qiang Office manager of JXZD 306,513 15 % December 18, December 18, 2015 Total $ 3,469,005 As of March 31, 2021 and December 31, 2020, the Company had accrued interest payable to the related parties of $4,897,621 and $4,844,251, respectively. For the periods ended March 31, 2021 and 2020, the Company recorded interest expense of $131,657 and $138,358, respectively. The Company has received no demands for repayment of matured debt instruments.

Deferred Revenues

Deferred Revenues	3 Months Ended
	Mar. 31, 2021
Deferred Revenue Disclosure [Abstract]
Deferred Revenues	Note 6. Deferred Revenues As of March 31, 2021 and December 31, 2020, the Company had deferred revenue of $138,352 and $138,948 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	3 Months Ended
	Mar. 31, 2021
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.

COVID-19

COVID-19	3 Months Ended
	Mar. 31, 2020
Covid-19
COVID-19	Note 8. – COVID-19 On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency in response to a new strain of a coronavirus (the “COVID-19 outbreak”). In March 2020, the WHO classified the COVID-19 outbreak as a pandemic based on the rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report .Management is actively monitoring the global situation and its effects on the Company’s industry, financial condition, liquidity, and operations. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, the Company is not able to estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity for fiscal year 2020.However, if the pandemic continues, it may have a material adverse effect on the Company’s results of future operations, financial position, and liquidity in fiscal year 2021.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
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.
Interim Financial Statements	Interim Financial Statements These unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“US GAAP”) for interim financial information and with the instructions to Form 10-Q and Regulation S-X. Accordingly, the consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and such adjustments are of a normal recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2020 and notes thereto and other pertinent information contained in our Form 10-K which the Company has filed with the Securities and Exchange Commission (the “SEC”) on April 1, 2021.
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 March 31, 2021 and 2020, the Company had aggregate foreign currency translation gains of $42,077 and $147,408, 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, , due to related parties, short term debt and short term debt–related parties, deferred revenue, accounts payable and accured liabilities, approximated their fair values as of March 31, 2021 and 2020, 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 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 March 31, 2021 through the date the financial statements were issued for disclosure consideration.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standard Update No. 2019-12, Income Taxes (Topic740): Simplifying the Accounting for Income Taxes The Company has considered all other recently issued accounting pronouncements and does not believe the adoption of such pronouncements will have a material impact on its consolidated financial statements

Short-Term Debt (Tables)

Short-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2021
Short-term Debt [Abstract]
Schedule of short-term debts	The following table represents the details of the short-term debts at March 31, 2021 and December 31, 2020: Issuance date Maturity Interest Rate 03.31.2021 12.31.2020 October 2, 2019 October 1, 2020 1% per month $ 10,000 $ 10,000 January 15, 2020 January 15, 2021 1% per month 22,000 22,000 April 16, 2020 April 15, 2021 1% per month 13,500 13,500 July 2, 2020 July 1, 2021 1% per month 18,500 18,500 October 23, 2020 October 22, 2021 1% per month 6,500 6,500 January 5, 2021 January 15, 2022 1% per month 22,500 - March 10, 2021 March 10, 2022 1% per month 20,000 - $ 113,000 $ 70,500

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Schedule of short-term debts to related parties	As of March 31, 2021 and December 31, 2020, the Company had short-term debts to related parties of $3,404,583 and $3,469,005, respectively. The details of the loans are described as below. At March 31, 2021: Name Relationship to the Company Amount Interest Rate Start Date Maturity Short-term debt Wei De Gang CEO & Legal person of JXZD $ 2,743,762 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 16,023 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of JXZD 7,630 15 % January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 328,917 15 % February 28, 2015 February 28, 2016 Yan Chun Yan Accountant of JXZD 3,051 15 % August 31, 2014 August 31, 2015 Current portion of long-term debt Zhou Qiang Office manager of JXZD 305,200 15 % December 18, 2012 December 18, 2015 Total $ 3,404,583 At December 31, 2020: Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,755,570 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 16,092 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of JXZD 7,663 15 % January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 330,333 15 % February 28, February 28, 2016 Yan Chun Yan Accountant of JXZD 2,552 15 % August 31, 2014 August 31, 2015 Victor Sun Consultant & shareholder of ZDRI 50,282 0 % January 1, 2013 On Demand Current portion of long-term debt Zhou Qiang Office manager of JXZD 306,513 15 % December 18, December 18, 2015 Total $ 3,469,005

Description of Business (Detail

Description of Business (Details Narrative)	Mar. 31, 2021
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 ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Accounting Policies [Abstract]
Foreign currency translation gains	$ 42,077	$ 147,408

Going Concern (Details Narrativ

Going Concern (Details Narrative)	Mar. 31, 2021USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital deficit	$ 9,827,765

Short-Term Debt (Details)

Short-Term Debt (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Amount	$ 113,000	$ 70,500
Short-Term Debt October 2, 2019 [Member]
Issuance date	October 2, 2019
Maturity	October 1, 2020
Interest Rate per month	1.00%
Amount	$ 10,000	10,000
Short-Term Debt January 15, 2020 [Member]
Issuance date	January 15, 2020
Maturity	January 15, 2021
Interest Rate per month	1.00%
Amount	$ 22,000	22,000
Short-Term Debt April 16, 2020 [Member]
Issuance date	April 16, 2020
Maturity	April 15, 2021
Interest Rate per month	1.00%
Amount	$ 13,500	13,500
Short-Term Debt July 2, 2020 [Member]
Issuance date	July 2, 2020
Maturity	July 1, 2021
Interest Rate per month	1.00%
Amount	$ 18,500	18,500
Short-Term Debt October 23, 2020 [Member]
Issuance date	October 23, 2020
Maturity	October 22, 2021
Interest Rate per month	1.00%
Amount	$ 6,500	6,500
Short-Term Debt January 5, 2021 [Member]
Issuance date	January 5, 2021
Maturity	January 15, 2022
Interest Rate per month	1.00%
Amount	$ 22,500
Short-Term Debt March 10, 2021 [Member]
Issuance date	March 10, 2021
Maturity	March 10, 2022
Interest Rate per month	1.00%
Amount	$ 20,000

Short-Term Debt (Details Narrat

Short-Term Debt (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Short-term Debt [Abstract]
Interest expense and accrued interest	$ 2,553	$ 4,710

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Amount	$ 3,404,583	$ 3,469,005
Wei De Gang [Member]
Relationship to the Company	CEO & Legal person of JXZD	CEO & Legal person of JXZD
Amount	$ 2,743,762	$ 2,755,570
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	$ 16,023	$ 16,092
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	$ 7,630	$ 7,663
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	$ 328,917	$ 330,333
Annual Interest Rate	15.00%	15.00%
Start Date	February 28, 2015	February 28, 2015
Maturity	February 28, 2016	February 28, 2016
Yan Chun Yan [Member]
Relationship to the Company	Accountant of JXZD	Accountant of JXZD
Amount	$ 3,051	$ 2,552
Annual Interest Rate	15.00%	15.00%
Start Date	August 31, 2014	August 31, 2014
Maturity	August 31, 2015	August 31, 2015
Zhou Qiang [Member]
Relationship to the Company	Office manager of JXZD	Office manager of JXZD
Amount	$ 305,200	$ 306,513
Annual Interest Rate	15.00%	15.00%
Start Date	December 18, 2012	December 18, 2012
Maturity	December 18, 2015	December 18, 2015
Victor Sun [Member]
Relationship to the Company		Consultant & shareholder of ZDRI
Amount		$ 50,282
Annual Interest Rate		0.00%
Start Date		January 1, 2013
Maturity		On Demand

Related Party Transactions (D_2

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Related Party Transactions [Abstract]
Due to related parties	$ 816,984		$ 820,500
Short-term debts to related parties	3,404,583		3,469,005
Accrued interest-related parties	4,897,621		$ 4,844,251
Interest expenses	$ 131,657	$ 138,358

Deferred Revenues (Details Narr

Deferred Revenues (Details Narrative) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Deferred Revenue Disclosure [Abstract]
Deferred revenue	$ 138,352	$ 138,948