Related Party Transactions | Note 5. Related Party Transactions Accounts payable As of March 31, 2022 and December 31, 2021, the Company had payables of $ 844,288 840,005 Short-term debt As of March 31, 2022 and December 31, 2021, the Company had short-term debts to related parties of $ 3,542,547 3,524,765 At March 31, 2022: Schedule of short term debt Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,803,921 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 16,559 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of JXZD 7,885 15 % January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 339,910 15 % February 28, 2015 February 28, 2016 Yan Chun Yan Accountant of JXZD 8,590 15 % August 31, 2014 August 31, 2015 Victor Sun 50,282 January 1, 2011 On Demand Current portion of long-term debt Zhou Qiang Office manager of JXZD 315,400 15 % December 18, 2012 December 18, 2015 Total $ 3,542,547 At December 31, 2021: Name Relationship to the Company Amount Interest Rate Start Date Maturity Short-term debt Wei De Gang CEO & Legal person of JXZD $ 2,789,697 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 16,475 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of JXZD 7,845 15 % January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 338,185 15 % February 28, 2015 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, 2012 December 18, 2015 Total $ 3,524,765 As of March 31, 2022 and December 31, 2021, the Company had accrued interest payable to the related parties of $ 5,641,449 5,482,809 135,444 131,657 |