Zhen Ding Resources (RBTK) 10-K 18 Apr 22 2021 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2021	Apr. 15, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	FY
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 OC4
City Area Code	438
Local Phone Number	882-4148
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	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	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		110,411,348
Auditor Firm ID	6706
Auditor Name	TPS Thayer, LLC
Auditor Location	Sugar Land, Texas

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Current Assets:
Cash and cash equivalents	$ 29,782	$ 3,256
Total current assets	29,782	3,256
Current Liabilities:
Accounts payable and accrued liabilities	403,695	376,897
Accrued liabilities-related parties	5,482,809	4,844,251
Deferred revenue	142,251	138,948
Due to related parties	840,005	820,500
Short-term debt	154,500	70,500
Short-term debt-related parties	3,524,765	3,469,005
Total current liabilities	10,548,025	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	7,272	169,403
Accumulated deficit	(20,910,525)	(20,490,913)
Total deficit attributable to Zhen Ding Resources Inc.	(7,210,561)	(6,628,818)
Non-controlling interests	(3,307,682)	(3,088,027)
Total Stockholders’ deficit	(10,518,243)	(9,716,845)
Total liabilities and Stockholders’ deficit	$ 29,782	$ 3,256

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 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 - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating/(income) expenses:
General and administrative	$ 63,062	$ 68,758
Gain on sale of assets	(25,261)
Total operating expenses	37,801	68,758
Operating loss	(37,801)	(68,758)
Other expense:
Interest income (expenses )	(532,023)	(582,809)
Other income (expenses)	43	256
Net loss	(569,781)	(651,311)
Loss attributable to non-controlling interests	150,169	152,279
Net loss attributable to Zhen Ding Resources Inc.	$ (419,612)	$ (499,032)
Basic and diluted loss per common share	$ (0.01)	$ (0.01)
Basic and diluted weighted average number of common shares outstanding	110,411,348	110,411,348
Comprehensive loss:
Net loss	$ (569,781)	$ (651,311)
Other comprehensive income (loss):
Foreign currency translation adjustments	(231,617)	(578,696)
Total comprehensive loss	(801,398)	(1,230,007)
Comprehensive loss attributable to non- controlling interest	219,655	173,608
Comprehensive loss attributable to Zhen Ding Resources Inc.	$ (1,021,053)	$ (1,056,399)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities
Net loss	$ (569,781)	$ (651,311)
Gain on sale of property and equipment	(25,261)
Adjustment to reconcile net loss to net cash used in operating activities:
Accounts payable and accrued liabilities	(37,775)	2,625
Accounts payable and accrued liabilities-related parties	524,687	512,492
Net cash used in operating activities	(108,130)	(136,194)
Cash flows from investing activities
Proceeds on sale of property and equipment	82,301
Net cash provided by investing activities	82,301
Cash flows from financing activities
Proceeds from borrowings on short-term debt	84,000	60,500
Proceeds from borrowings on short-term debt – related parties	(25,511)	2,551
Net cash provided by financing activities	58,489	63,051
Foreign currency translation	(6,134)	67,266
Net change in cash	26,526	(5,877)
Cash and cash equivalents - beginning of the year	3,256	9,133
Cash and cash equivalents - end of the year	29,782	3,256
Supplemental cash flow information:
Cash paid for interest
Cash paid for income tax
Shares issued for convertible debt		928,851

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Deficit - 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
Beginning balance, value 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
Issuance of shares of convertible debt	$ 4,644	924,207					$ 928,851
Issuance of shares of convertible debt (shares)							46,442,550
Foreign currency translation adjustment				(405,088)		(173,608)	$ (578,696)
Net loss					(499,032)	(152,279)	(651,311)
Ending balance, value at Dec. 31, 2020	$ 11,041	13,687,082	(5,431)	169,403	(20,490,913)	(3,088,027)	(9,716,845)
Shares outstanding ending balance at Dec. 31, 2020	110,411,348
Foreign currency translation adjustment				(162,131)		(69,486)	(231,617)
Net loss					(419,612)	(150,169)	(569,781)
Ending balance, value at Dec. 31, 2021	$ 11,041	$ 13,687,082	$ (5,431)	$ 7,272	$ (20,910,525)	$ (3,307,682)	$ (10,518,243)
Shares outstanding ending balance at Dec. 31, 2021	110,411,348

Description of Business

Description of Business	12 Months Ended
	Dec. 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 70 100 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	12 Months Ended
	Dec. 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. Property and Equipment Property and Equipment are stared at cost less accumulated depreciation and impairment. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, which range from three to seven years. The cost and accumulated depreciation of assets sold or otherwise disposed of are removed from the accounts and any gain or loss thereon is reflected in operations. Reclassifications Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings (loss) or and financial position. 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, 2021 and 2020, the Company had aggregate foreign currency translation loss of ($ 231,617 578,696 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, accounts payable and accrued liabilities, approximated their fair values as of December 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 December 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 (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. The Company adopted accounting standard 740, as of January 1, 2021. As of December 31, 2021 there is no impact on its consolidated financial statements. 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	12 Months Ended
	Dec. 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 December 31, 2021, the Company had accumulated losses of $ 20,910,525 10,518,243

Short-Term Debt

Short-Term Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Short-Term Debt	Note 4. Short-Term Debt The following table represents the details of the short-term debts at December 31, 2021 and December 31, 2020: Issuance date Maturity Interest Rate 12.31.2021 12.31.2020 October 2, 2019 October 1, 2020 1 $ 10,000 $ 10,000 January 15, 2020 January 15, 2021 1 22,000 22,000 April 16, 2020 April 15, 2021 1 13,500 13,500 July 2, 2020 July 1, 2021 1 18,500 18,500 October 23, 2020 October 22, 2021 1 6,500 6,500 January 5, 2021 January 15, 2022 1 22,500 - March 10, 2021 March 10, 2022 1 20,000 - July 13, 2021 July 13, 2022 1 16,500 - December 14, 2021 December 14, 2022 1 25,000 - $ 154,500 $ 70,500 According to the loan agreements, there is not any additional interest and penalty for the loans passing maturity date. During the years ended December 31, 2021 and 2020, the Company recorded interest expense and accrued interest of $ 13,591 31,705

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 5. Related Party Transactions Due to related parties As of December 31, 2021 and December 31, 2020, the Company had payables of $ 840,005 820,500 Short-term debt As of December 31, 2021 and December 31, 2020, the Company had short-term debts to related parties of $ 3,524,765 3,469,005 At December 31, 2021: Schedule of short term debt Name Relationship to the Company Amount Interest Rate Start Date Maturity Short-term debt Wei De Gang CEO & Legal person of JXZD $ 2,789,697 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, 16,475 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of 7,845 15 % January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 338,185 15 % February 28, February 28, 2016 Yan Chun Yan Accountant of JXZD 8,481 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 313,800 15 % December 18, December 18, 2015 Total $ 3,524,765 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 December 31, 2021 and December 31, 2020, the Company had accrued interest payable to the related parties of $ 5,482,809 4,844,251 518,432 551,104 According to the loan agreements, there is not any additional interest and penalty for the loans passing maturity date.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	12 Months Ended
	Dec. 31, 2021
Accounts Payable And Accrued Liabilities
Accounts Payable and Accrued Liabilities	Note 6. Accounts Payable and Accrued Liabilities As of December 31, 2021 and December 31, 2020, the Company had accounts payable of $ 195,012 192,687 208,683 184,210

Deferred Revenues

Deferred Revenues	12 Months Ended
	Dec. 31, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenues	Note 7. Deferred Revenues As of December 31, 2021 and December 31, 2020, the Company had deferred revenue of $ 142,251 138,948

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Note 8. 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.

Gain on Sale Assets

Gain on Sale Assets	12 Months Ended
	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Gain on Sale Assets	Note 9. Gain on Sale Assets The following table represents the details of the gain on sale assets as of December 31, 2021: Categories of Equipment Amount Handling equipment $ 1,632 Rubber processing equipment 576 Special machinery for parallel imports 145 Pump 122 Special equipment for mines 57,861 General equipment 4,133 Metal products 17,832 Sub total $ 82,301 Less: Sales commission (57,040 ) $ 25,261 In 2021, JXZD sold out certain equipment of $ 82,301 57,040

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 10. Income Taxes The following table sets forth a reconciliation of income tax expense (benefit) at the federal statutory rate to recorded income tax expense (benefit) for the years ended December 31, 2021 and 2020 Schedule of reconciliation of income tax expense (benefit) December December Tax provision (recovery) at effective tax rate (21%) 88,100 104,800 Change in valuation reserve (88,100 ) (104,800 ) Tax provision (recovery), net 0 0 As of December 31, 2020, the Company had approximately $ 20.5 million 21 Components of deferred tax assets and (liabilities) are as follows: Schedule of net deferred tax assets December 31, 2021 December 31, 2020 Net operating loss carry forwards available at effective tax rate (21%) 3,323,900 3,235,800 Valuation Allowances (3,323,900 ) (3,235,800 ) Deferred Tax Asset 0 0 In accordance with FASB ASC 740 “Income Taxes”, valuation allowances are provided against deferred tax assets, if based on the weight of available evidence, some or all of the deferred tax assets may or will not be realized. The Company has evaluated its ability to realize some or all of the deferred tax assets on its balance sheet and has established a valuation allowance of approximately $ 3.3 million

COVID-19

COVID-19	12 Months Ended
	Dec. 31, 2021
Covid-19
COVID-19	Note 11. 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.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 12. Subsequent Events The Company does not have any events subsequent to December 31, 2021 through the date the financial statements were issued for disclosure consideration.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 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.
Property and Equipment	Property and Equipment Property and Equipment are stared at cost less accumulated depreciation and impairment. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets, which range from three to seven years. The cost and accumulated depreciation of assets sold or otherwise disposed of are removed from the accounts and any gain or loss thereon is reflected in operations.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings (loss) or and financial position.
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, 2021 and 2020, the Company had aggregate foreign currency translation loss of ($ 231,617 578,696
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, accounts payable and accrued liabilities, approximated their fair values as of December 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 December 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 (ASU 2019-12), which simplifies the accounting for income taxes. This guidance will be effective for entities for the fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020 on a prospective basis, with early adoption permitted. The Company adopted accounting standard 740, as of January 1, 2021. As of December 31, 2021 there is no impact on its consolidated financial statements. 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)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
The following table represents the details of the short-term debts at December 31, 2021 and December 31, 2020:	The following table represents the details of the short-term debts at December 31, 2021 and December 31, 2020: Issuance date Maturity Interest Rate 12.31.2021 12.31.2020 October 2, 2019 October 1, 2020 1 $ 10,000 $ 10,000 January 15, 2020 January 15, 2021 1 22,000 22,000 April 16, 2020 April 15, 2021 1 13,500 13,500 July 2, 2020 July 1, 2021 1 18,500 18,500 October 23, 2020 October 22, 2021 1 6,500 6,500 January 5, 2021 January 15, 2022 1 22,500 - March 10, 2021 March 10, 2022 1 20,000 - July 13, 2021 July 13, 2022 1 16,500 - December 14, 2021 December 14, 2022 1 25,000 - $ 154,500 $ 70,500

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Schedule of short term debt	As of December 31, 2021 and December 31, 2020, the Company had short-term debts to related parties of $ 3,524,765 3,469,005 At December 31, 2021: Schedule of short term debt Name Relationship to the Company Amount Interest Rate Start Date Maturity Short-term debt Wei De Gang CEO & Legal person of JXZD $ 2,789,697 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, 16,475 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of 7,845 15 % January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 338,185 15 % February 28, February 28, 2016 Yan Chun Yan Accountant of JXZD 8,481 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 313,800 15 % December 18, December 18, 2015 Total $ 3,524,765 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

Gain on Sale Assets (Tables)

Gain on Sale Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
The following table represents the details of the gain on sale assets as of December 31, 2021:	The following table represents the details of the gain on sale assets as of December 31, 2021: Categories of Equipment Amount Handling equipment $ 1,632 Rubber processing equipment 576 Special machinery for parallel imports 145 Pump 122 Special equipment for mines 57,861 General equipment 4,133 Metal products 17,832 Sub total $ 82,301 Less: Sales commission (57,040 ) $ 25,261 In 2021, JXZD sold out certain equipment of $ 82,301 57,040

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of reconciliation of income tax expense (benefit)	The following table sets forth a reconciliation of income tax expense (benefit) at the federal statutory rate to recorded income tax expense (benefit) for the years ended December 31, 2021 and 2020 Schedule of reconciliation of income tax expense (benefit) December December Tax provision (recovery) at effective tax rate (21%) 88,100 104,800 Change in valuation reserve (88,100 ) (104,800 ) Tax provision (recovery), net 0 0
Schedule of net deferred tax assets	Components of deferred tax assets and (liabilities) are as follows: Schedule of net deferred tax assets December 31, 2021 December 31, 2020 Net operating loss carry forwards available at effective tax rate (21%) 3,323,900 3,235,800 Valuation Allowances (3,323,900 ) (3,235,800 ) Deferred Tax Asset 0 0

Description of Business (Detail

Description of Business (Details Narrative)	Dec. 31, 2021
Zhen Ding Jv [Member]
Equity method investment, ownership percentage	70.00%
Zhen Ding Corporation [Member]
Equity method investment, ownership percentage	100.00%
Other Partners [Member]
Equity method investment, ownership percentage	30.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Translation adjustment functional to reporting currency, net of tax	$ 231,617	$ 578,696

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 20,910,525	$ 20,490,913
Working capital deficit	$ 10,518,243

The following table represents

The following table represents the details of the short-term debts at December 31, 2021 and December 31, 2020: (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Extinguishment of Debt [Line Items]
Short-term debt	$ 154,500	$ 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 October 22, 2021 [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 January 15, 2022 [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 March 10, 2022 [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 July 13, 2022 [Member]
Extinguishment of Debt [Line Items]
Issuance date	July 13, 2021
Debt instrument, maturity date, description	July 13, 2022
Short-term debt, weighted average interest rate, at point in time	1.00%
Short-term debt	$ 16,500
Short-Term Debt December 14, 2022 [Member]
Extinguishment of Debt [Line Items]
Issuance date	December 14, 2021
Debt instrument, maturity date, description	December 14, 2022
Short-term debt, weighted average interest rate, at point in time	1.00%
Short-term debt	$ 25,000

Short-Term Debt (Details Narrat

Short-Term Debt (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Interest expense and accrued interest	$ 13,591	$ 31,705

Schedule of short term debt (De

Schedule of short term debt (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Short-term debt-related parties	$ 3,524,765	$ 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
Short-term debt-related parties	$ 2,789,697	$ 2,755,570
Short-term debt, weighted average interest rate, at point in time	15.00%	15.00%
Issuance date	May 31, 2011	May 31, 2011
Debt instrument, maturity date, description	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
Short-term debt-related parties	$ 16,475	$ 16,092
Short-term debt, weighted average interest rate, at point in time	15.00%	15.00%
Issuance date	January 1, 2011	January 1, 2011
Debt instrument, maturity date, description	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
Short-term debt-related parties	$ 7,845	$ 7,663
Short-term debt, weighted average interest rate, at point in time	15.00%	15.00%
Issuance date	January 1, 2011	January 1, 2011
Debt instrument, maturity date, description	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
Short-term debt-related parties	$ 338,185	$ 330,333
Short-term debt, weighted average interest rate, at point in time	15.00%	15.00%
Issuance date	February 28, 2015	February 28, 2015
Debt instrument, maturity date, description	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
Short-term debt-related parties	$ 8,481	$ 2,552
Short-term debt, weighted average interest rate, at point in time	15.00%	15.00%
Issuance date	August 31, 2014	August 31, 2014
Debt instrument, maturity date, description	August 31, 2015	August 31, 2015
Consultant & shareholder of ZDRI [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Consultant & shareholder of ZDRI	Consultant & shareholder of ZDRI
Short-term debt-related parties	$ 50,282	$ 50,282
Short-term debt, weighted average interest rate, at point in time	0.00%	0.00%
Issuance date	January 1, 2013	January 1, 2013
Office manager of JXZD [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Office manager of JXZD	Office manager of JXZD
Short-term debt-related parties	$ 313,800	$ 306,513
Short-term debt, weighted average interest rate, at point in time	15.00%	15.00%
Issuance date	December 18, 2012	December 18, 2012
Debt instrument, maturity date, description	December 18, 2015	December 18, 2015

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Due to related parties	$ 840,005	$ 820,500
Accrued liabilities, current	5,482,809	4,844,251
Interest expenses	$ (532,023)	$ (582,809)

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Details Narrative) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Accounts Payable And Accrued Liabilities
Accounts payable	$ 195,012	$ 192,687
Accrued liabilities	$ 208,683	$ 184,210

Deferred Revenues (Details Narr

Deferred Revenues (Details Narrative) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Revenue Recognition and Deferred Revenue [Abstract]
Deferred revenue	$ 142,251	$ 138,948

The following table represent_2

The following table represents the details of the gain on sale assets as of December 31, 2021: (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Impaired [Line Items]
Gain loss on disposition of assets	$ 82,301
Less sales commission	(57,040)
Gain on sale of assets	25,261
Handling Equipment [Member]
Financing Receivable, Impaired [Line Items]
Gain loss on disposition of assets	1,632
Rubber Processing Equipment [Member]
Financing Receivable, Impaired [Line Items]
Gain loss on disposition of assets	576
Special Machinery For Parallel Imports [Member]
Financing Receivable, Impaired [Line Items]
Gain loss on disposition of assets	145
Pump [Member]
Financing Receivable, Impaired [Line Items]
Gain loss on disposition of assets	122
Special Equipment For Mines [Member]
Financing Receivable, Impaired [Line Items]
Gain loss on disposition of assets	57,861
General Equipment [Member]
Financing Receivable, Impaired [Line Items]
Gain loss on disposition of assets	4,133
Metal Product [Member]
Financing Receivable, Impaired [Line Items]
Gain loss on disposition of assets	$ 17,832

Gain on Sale Assets (Details Na

Gain on Sale Assets (Details Narrative)	12 Months Ended
	Dec. 31, 2021USD ($)
Defined Benefit Plan Disclosure [Line Items]
Gain loss on disposition of assets	$ 82,301
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Gain loss on disposition of assets	82,301
Referral fee	$ 57,040

Schedule of reconciliation of i

Schedule of reconciliation of income tax expense (benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Tax provision (recovery) at effective tax rate (21%)	$ 88,100	$ 104,800
Change in valuation reserve	(88,100)	(104,800)
Tax provision (recovery), net	$ 0	$ 0

Schedule of net deferred tax as

Schedule of net deferred tax assets (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Net operating loss carry forwards available at effective tax rate (21%)	$ 3,323,900	$ 3,235,800
Valuation Allowances	(3,323,900)	(3,235,800)
Deferred Tax Asset	$ 0	$ 0

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Net operating losses carryforward		$ 20,500,000
Federal statutory corporate tax rate	21.00%
Valuation allowance	$ 3,300,000