Zhen Ding Resources (RBTK) 10-Q 16 Aug 21 2021 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2021	Aug. 16, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	333-188152
Entity Registrant Name	ZHEN DING RESOURCES INC.
Entity Central Index Key	0001594204
Entity Tax Identification Number	11-3350926
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	Suite 111
Entity Address, Address Line Two	3900 Place De Java
Entity Address, Address Line Three	Second Floor
Entity Address, City or Town	Brossard
Entity Address, State or Province	QC
Entity Address, Country	CA
Entity Address, Postal Zip Code	J4Y 9C4
City Area Code	438
Local Phone Number	882-4148
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	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		110,411,348

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 12,794	$ 3,256
Total current assets	12,794	3,256
Current Liabilities:
Accounts payable and accrued liabilities	384,441	376,897
Accounts payable and accrued liabilities-related parties	5,154,817	4,844,251
Deferred revenue	140,437	138,948
Due to related parties	829,297	820,500
Short-term debt	113,000	70,500
Short-term debt-related parties	3,507,103	3,469,005
Total current liabilities	10,129,095	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	97,859	169,403
Accumulated deficit	(20,710,115)	(20,490,913)
Total deficit attributable to Zhen Ding Resources Inc.	(6,919,564)	(6,628,818)
Non-controlling interests	(3,196,737)	(3,088,027)
Total Stockholders’ deficit	(10,116,301)	(9,716,845)
Total liabilities and Stockholders’ deficit	$ 12,794	$ 3,256

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common Stock, Shares Authorized	150,000,000	150,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares, Issued	110,410,348	110,410,348
Common Stock, Shares, Outstanding	110,410,348	110,410,348

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Operating expenses:
General and administrative	$ 11,229	$ 16,674	$ 32,572	$ 37,422
Total operating expenses	11,229	16,674	32,572	37,422
Operating loss	(11,229)	(16,674)	(32,572)	(37,422)
Other expenses
Interest expenses	133,024	138,131	264,681	276,489
Other income			(3)	(4)
Total expenses	(144,253)	(154,805)	(297,250)	(313,907)
Net loss	(144,253)	(154,805)	(297,250)	(313,907)
Loss attributable to non-controlling interests	39,160	35,802	78,048	71,564
Net loss attributable to Zhen Ding Resources Inc.	$ (105,093)	$ (119,003)	$ (219,202)	$ (242,343)
Basic and diluted loss per common share	$ 0	$ 0	$ 0	$ 0
of common shares outstanding	110,411,348	63,968,798	110,411,348	63,968,798
Other comprehensive income (loss):
Foreign currency translation adjustments	$ (144,283)	$ (23,658)	$ (102,206)	$ 123,750
Total comprehensive income (loss)	(288,536)	(178,463)	(399,456)	(190,157)
Comprehensive income (loss) attributable to non-controlling interest	134,975	42,900	108,710	34,439
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	$ (423,511)	$ (221,363)	$ (508,166)	$ (224,596)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities
Net loss	$ (297,250)	$ (313,907)
Adjustment to reconcile net loss to net cash used in operating activities:
Other receivables
Accounts payable and accrued liabilities	4,147	18,716
Accounts payable and accrued liabilities-related parties	259,211	177,836
Net cash used in operating activities	(33,892)	(117,355)
Cash flows from financing activities
Proceeds from borrowings on short-term debt	42,500	35,500
Proceeds from borrowings on short-term debt – related parties	(1,439)	(45,573)
Net cash provided by (used in) financing activities	41,061	(10,073)
Foreign currency translation	2,369	123,750
Net change in cash	9,538	(3,678)
Cash and cash equivalents - beginning of the period	3,256	9,133
Cash and cash equivalents - end of the period	12,794	5,455
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]	Receivables from Stockholder [Member]	Accumulated Distributions in Excess of Net Income [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balances, December 31, 2019 at Dec. 31, 2019	$ 6,397	$ 12,762,875	$ (5,431)	$ 574,491	$ (19,991,881)	$ (2,762,140)	$ (9,415,689)
Shares, Outstanding, Beginning Balance at Dec. 31, 2019	63,968,798
Foreign currency translation adjustment				86,625		37,125	123,750
Net loss					(242,343)	(71,564)	(313,907)
Balances, June 30, 2020 at Jun. 30, 2020	$ 6,397	12,762,875	(5,431)	661,116	(20,234,224)	(2,796,579)	(9,605,846)
Shares, Outstanding, Ending Balance at Jun. 30, 2020	63,968,798
Balances, December 31, 2019 at Mar. 31, 2020	$ 6,397	12,762,875	(5,431)	677,676	(20,115,221)	(2,753,679)	(9,427,383)
Shares, Outstanding, Beginning Balance at Mar. 31, 2020	63,968,798
Foreign currency translation adjustment				(16,560)		(7,098)	(23,658)
Net loss					(119,003)	(35,802)	(154,805)
Balances, June 30, 2020 at Jun. 30, 2020	$ 6,397	12,762,875	(5,431)	661,116	(20,234,224)	(2,796,579)	(9,605,846)
Shares, Outstanding, Ending Balance at Jun. 30, 2020	63,968,798
Balances, December 31, 2019 at Dec. 31, 2020	$ 11,041	13,687,082	(5,431)	169,403	(20,490,913)	(3,088,027)	(9,716,845)
Shares, Outstanding, Beginning Balance at Dec. 31, 2020	110,411,348
Foreign currency translation adjustment				(71,544)		(30,662)	(102,206)
Net loss					(219,202)	(78,048)	(297,250)
Balances, June 30, 2020 at Jun. 30, 2021	$ 11,041	13,687,082	(5,431)	97,859	(20,710,115)	(3,196,737)	(10,116,301)
Shares, Outstanding, Ending Balance at Jun. 30, 2021	110,411,348
Balances, December 31, 2019 at Mar. 31, 2021	$ 11,041	13,687,082	(5,431)	198,857	(20,605,022)	(3,114,292)	(9,827,765)
Shares, Outstanding, Beginning Balance at Mar. 31, 2021	110,411,348
Foreign currency translation adjustment				(100,998)		(43,285)	(144,283)
Net loss					(105,093)	(39,160)	(144,253)
Balances, June 30, 2020 at Jun. 30, 2021	$ 11,041	$ 13,687,082	$ (5,431)	$ 97,859	$ (20,710,115)	$ (3,196,737)	$ (10,116,301)
Shares, Outstanding, Ending Balance at Jun. 30, 2021	110,411,348

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 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% 100% 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% 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	6 Months Ended
	Jun. 30, 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 June 30, 2021 and 2020, the Company had aggregate foreign currency translation gains of $2,369 $123,750 Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of six 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 accrued liabilities, approximated their fair values as of June 30, 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 June 30, 2021 through the date the financial statements were issued for disclosure consideration. Recently Issued Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “Debt—Debt with “Conversion and Other Options” and ASC subtopic 815-40 “Hedging—Contracts in Entity’s Own Equity”. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company is currently assessing the impact of the adoption of this standard on its consolidated 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 impact on its consolidated financial statements.

Going Concern

Going Concern	6 Months Ended
	Jun. 30, 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 June 30, 2021, the Company had accumulated losses of $ 20,710,115 $10,116,301

Short-Term Debt

Short-Term Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Short-Term Debt	Note 4. Short-Term Debt The following table represents the details of the short-term debts at June 30, 2021 and December 31, 2020: Issuance date Maturity Interest Rate Amount as Amount as 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 six months ended June 30, 2021 and 2020, the Company recorded interest expense and accrued interest of $5,943 $9,953

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 5. Related Party Transactions Due to related parties As of June 30, 2021 and December 31, 2020, the Company had payables of $ 829,297 820,500 Short-term debt As of June 30, 2021 and December 31, 2020, the Company had short-term debts to related parties of $ 3,507,103 3,469,005 At June 30, 2021: Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,785,117 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 16,265 15 % January 1, 2011 December 31, Zhou Zhi Bin Former CEO & Legal person of JXZD 7,745 15 % January 1, 2011 December 31, Tang Yong Hong Manager of JXZD 333,875 15 % February 28, February 28, 2016 Yan Chun Yan Accountant of JXZD 4,019 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 309,800 15 % December 18, December 18, Total $ 3,507,103 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, 16,092 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of 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 June 30, 2021 and December 31, 2020, the Company had accrued interest payable to the related parties of $5,154,817 $4,844,251 $264,681 $276,489

Deferred Revenues

Deferred Revenues	6 Months Ended
	Jun. 30, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenues	Note 6. Deferred Revenues As of June 30, 2021 and December 31, 2020, the Company had deferred revenue of $140,437 $138,948

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 2021
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)	6 Months Ended
	Jun. 30, 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 June 30, 2021 and 2020, the Company had aggregate foreign currency translation gains of $2,369 $123,750
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of six 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 accrued liabilities, approximated their fair values as of June 30, 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 June 30, 2021 through the date the financial statements were issued for disclosure consideration.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “Debt—Debt with “Conversion and Other Options” and ASC subtopic 815-40 “Hedging—Contracts in Entity’s Own Equity”. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company is currently assessing the impact of the adoption of this standard on its consolidated 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 impact on its consolidated financial statements.

Short-Term Debt (Tables)

Short-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
The following table represents the details of the short-term debts at June 30, 2021 and December 31, 2020:	The following table represents the details of the short-term debts at June 30, 2021 and December 31, 2020: Issuance date Maturity Interest Rate Amount as Amount as 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)	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
As of June 30, 2021 and December 31, 2020, the Company had short-term debts to related parties of $3,507,103 and $3,469,005, respectively. The details of the loans are described as below.	As of June 30, 2021 and December 31, 2020, the Company had short-term debts to related parties of $ 3,507,103 3,469,005 At June 30, 2021: Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,785,117 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 16,265 15 % January 1, 2011 December 31, Zhou Zhi Bin Former CEO & Legal person of JXZD 7,745 15 % January 1, 2011 December 31, Tang Yong Hong Manager of JXZD 333,875 15 % February 28, February 28, 2016 Yan Chun Yan Accountant of JXZD 4,019 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 309,800 15 % December 18, December 18, Total $ 3,507,103 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, 16,092 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of 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)	Jun. 30, 2021
Zhen Ding JV [Member]
Entity Listings [Line Items]
Equity Method Investment, Ownership Percentage	70.00%
Zhen Ding Corporation [Member]
Entity Listings [Line Items]
Equity Method Investment, Ownership Percentage	100.00%
Other Partners [Member]
Entity Listings [Line Items]
Equity Method Investment, Ownership Percentage	30.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Jun. 30, 2021	Jun. 30, 2020
Accounting Policies [Abstract]
Translation Adjustment Functional to Reporting Currency, Net of Tax	$ 2,369	$ 123,750

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ 20,710,115	$ 20,490,913
Working capital deficit	$ 10,116,301

The following table represents

The following table represents the details of the short-term debts at June 30, 2021 and December 31, 2020: (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Extinguishment of Debt [Line Items]
Short-term Debt	$ 113,000	$ 70,500
Short Term Debt October 1, 2020 [Member]
Extinguishment of Debt [Line Items]
Issuance date	October 2, 2019
Debt Instrument, Maturity Date, Description	October 1, 2020
Short-term Debt, Weighted Average Interest Rate, at Point in Time	1.00%
Short-term Debt	$ 10,000	10,000
Short Term Debt January 15, 2021 [Member]
Extinguishment of Debt [Line Items]
Issuance date	January 15, 2020
Debt Instrument, Maturity Date, Description	January 15, 2021
Short-term Debt, Weighted Average Interest Rate, at Point in Time	1.00%
Short-term Debt	$ 22,000	22,000
Short Term Debt April 15, 2021 [Member]
Extinguishment of Debt [Line Items]
Issuance date	April 16, 2020
Debt Instrument, Maturity Date, Description	April 15, 2021
Short-term Debt, Weighted Average Interest Rate, at Point in Time	1.00%
Short-term Debt	$ 13,500	13,500
Short Term Debt July 1, 2021 [Member]
Extinguishment of Debt [Line Items]
Issuance date	July 2, 2020
Debt Instrument, Maturity Date, Description	July 1, 2021
Short-term Debt, Weighted Average Interest Rate, at Point in Time	1.00%
Short-term Debt	$ 18,500	18,500
Short Term Debt Five [Member]
Extinguishment of Debt [Line Items]
Issuance date	October 23, 2020
Debt Instrument, Maturity Date, Description	October 22, 2021
Short-term Debt, Weighted Average Interest Rate, at Point in Time	1.00%
Short-term Debt	$ 6,500	$ 6,500
Short Term Debt Six [Member]
Extinguishment of Debt [Line Items]
Issuance date	January 5, 2021
Debt Instrument, Maturity Date, Description	January 15, 2022
Short-term Debt, Weighted Average Interest Rate, at Point in Time	1.00%
Short-term Debt	$ 22,500
Short-Term Debt October 2, 2019 [Member]
Extinguishment of Debt [Line Items]
Issuance date	March 10, 2021
Debt Instrument, Maturity Date, Description	March 10, 2022
Short-term Debt, Weighted Average Interest Rate, at Point in Time	1.00%
Short-term Debt	$ 20,000

Short-Term Debt (Details Narrat

Short-Term Debt (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Debt Disclosure [Abstract]
Interest expense and accrued interest	$ 5,943	$ 9,953

As of June 30, 2021 and Decembe

As of June 30, 2021 and December 31, 2020, the Company had short-term debts to related parties of $3,507,103 and $3,469,005, respectively. The details of the loans are described as below. (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Amount	$ 3,507,103	$ 3,469,005
Wei De Gang [Member]
Related Party Transaction [Line Items]
Relationship to the Company	CEO & Legal person of JXZD	CEO & Legal person of JXZD
Amount	$ 2,785,117	$ 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]
Related Party Transaction [Line Items]
Relationship to the Company	Former office manager of JXZD, wife of Zhou Zhi Bin	Former office manager of JXZD, wife of Zhou Zhi Bin
Amount	$ 16,265	$ 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]
Related Party Transaction [Line Items]
Relationship to the Company	Former CEO & Legal person of JXZD	Former CEO & Legal person of JXZD
Amount	$ 7,745	$ 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]
Related Party Transaction [Line Items]
Relationship to the Company	Manager of JXZD	Manager of JXZD
Amount	$ 333,875	$ 330,333
Annual Interest Rate	15.00%	15.00%
Start Date	February 28, 2015	February 28, 2015
Maturity	February 28, 2016	February 28, 2016
Accountant of JXZD [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Accountant of JXZD	Accountant of JXZD
Amount	$ 4,019	$ 2,552
Annual Interest Rate	15.00%	15.00%
Start Date	August 31, 2014	August 31, 2014
Maturity	August 31, 2015	August 31, 2015
Related Party Seven [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Consultant & shareholder of ZDRI	Consultant & shareholder of ZDRI
Amount	$ 50,282	$ 50,282
Annual Interest Rate	0.00%	0.00%
Start Date	January 1, 2013	January 1, 2013
Related Party Six [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Office manager of JXZD	Office manager of JXZD
Amount	$ 309,800	$ 306,513
Annual Interest Rate	15.00%	15.00%
Start Date	December 18, 2012	December 18, 2012
Maturity	December 18, 2015	December 18, 2015

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transactions [Abstract]
Due to related parties	$ 829,297		$ 829,297		$ 820,500
Accrued Liabilities, Current	5,154,817		5,154,817		$ 4,844,251
Interest Expense	$ 133,024	$ 138,131	$ 264,681	$ 276,489

Deferred Revenues (Details Narr

Deferred Revenues (Details Narrative) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue	$ 140,437	$ 138,948