Zhen Ding Resources (RBTK) 10-Q 15 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 15, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
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
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, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 22,531	$ 29,782
Total current assets	22,531	29,782
Current Liabilities:
Accounts payable and accrued liabilities	413,265	403,695
Accounts payable and accrued liabilities-related parties	5,468,112	5,482,809
Deferred revenue	135,360	142,251
Due to related parties	799,316	840,005
Short-term debt	154,500	154,500
Short-term debt-related parties	3,381,529	3,524,765
Total current liabilities	10,352,082	10,548,025
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	359,399	7,272
Accumulated deficit	(21,148,097)	(20,910,525)
Total deficit attributable to Zhen Ding Resources Inc.	(7,096,006)	(7,210,561)
Non-controlling interests	(3,233,545)	(3,307,682)
Total Stockholders’ deficit	(10,329,551)	(10,518,243)
Total liabilities and Stockholders’ deficit	$ 22,531	$ 29,782

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Operating expenses:
General and administrative	$ 29,260	$ 11,229	$ 49,008	$ 32,572
Gain (loss) on sale of assets	6		(273)
Total operating expenses	29,266	11,229	48,735	32,572
Operating loss	(29,266)	(11,229)	(48,735)	(32,572)
Other expenses
Interest expenses	130,289	133,024	265,733	264,681
Other income	(114)		(114)	(3)
Total expenses	(159,441)	(144,253)	(314,354)	(297,250)
Net loss	(159,441)	(144,253)	(314,354)	(297,250)
Loss attributable to non-controlling interests	37,586	39,160	76,782	78,048
Net loss attributable to Zhen Ding Resources Inc.	$ (121,855)	$ (105,093)	$ (237,572)	$ (219,202)
Basic and diluted loss per common share	$ 0	$ 0	$ 0	$ 0
Basic and diluted weighted average number of common shares outstanding	110,411,348	110,411,348	110,411,348	110,411,348
Comprehensive loss:
Net loss	$ (159,441)	$ (144,253)	$ (314,354)	$ (297,250)
Other comprehensive income (loss):
Foreign currency translation adjustments	555,306	(144,283)	503,046	(102,206)
Total comprehensive income (loss)	395,865	(288,536)	188,692	(399,456)
Comprehensive income (loss) attributable to non- controlling interest	(129,010)	134,975	(74,137)	108,710
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	$ 524,875	$ (423,511)	$ 262,829	$ (508,166)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net loss	$ (314,354)	$ (297,250)
Adjustment to reconcile net loss to net cash used in operating activities:
Interest on related party notes	299,729	259,211
Accounts payable and accrued liabilities	(6,534)	4,147
Net cash used in operating activities	(21,159)	(33,892)
Cash flows from financing activities
Proceeds from borrowings on short-term debt		42,500
Proceeds from borrowings on short-term debt – related parties	25,000	(1,439)
Net cash provided by financing activities	25,000	41,061
Foreign currency translation	(11,092)	2,369
Net change in cash	(7,251)	9,538
Cash and cash equivalents – beginning of the period	29,782	3,256
Cash and cash equivalents – end of the period	22,531	12,794
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
Beginning 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 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)
Ending balance, value 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
Beginning balance, value 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)
Ending balance, value 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
Beginning 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 beginning balance at Dec. 31, 2021	110,411,348
Foreign currency translation adjustment				352,127		150,919	503,046
Net loss					(237,572)	(76,782)	(314,354)
Ending balance, value at Jun. 30, 2022	$ 11,041	13,687,082	(5,431)	359,399	(21,148,097)	(3,233,545)	(10,329,551)
Shares outstanding ending balance at Jun. 30, 2022	110,411,348
Beginning balance, value at Mar. 31, 2022	$ 11,041	13,687,082	(5,431)	(29,311)	(21,026,242)	(3,362,555)	(10,725,416)
Shares outstanding beginning balance at Mar. 31, 2022	110,411,348
Foreign currency translation adjustment				388,710		166,596	555,306
Net loss					(121,855)	(37,586)	(159,441)
Ending balance, value at Jun. 30, 2022	$ 11,041	$ 13,687,082	$ (5,431)	$ 359,399	$ (21,148,097)	$ (3,233,545)	$ (10,329,551)
Shares outstanding ending balance at Jun. 30, 2022	110,411,348

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2022
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, 2022
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. 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 June 30, 2022 and 2021, the Company had aggregate foreign currency translation gains (loss) of $ 503,046 102,206 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, accounts payable, accrued liabilities due to related parties, short term debt and short term debt – related parties, approximated their fair values as of June 30, 2022 and 2021, 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. 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 adopted it effective January 1, 2022 and the adoption of the standard does not have an impact 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, 2022
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, 2022, the Company had accumulated losses of $ 21,148,097 10,329,551

Short-Term Debt

Short-Term Debt	6 Months Ended
	Jun. 30, 2022
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, 2022 and December 31, 2021: Issuance date Maturity Interest Rate 06.30.2022 12.31.2021 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 22,500 March 10, 2021 March 10, 2022 1 20,000 20,000 July 13, 2021 July 13,2022 1 16,500 16,500 December 14, 2021 December 14, 2022 1 25,000 25,000 $ 154,500 $ 154,500 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, 2022 and 2021, the Company recorded interest expense and accrued interest of $ 9,270 5,943

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Note 5. Related Party Transactions Accounts payable As of June 30, 2022 and December 31, 2021, the Company had payables of $ 799,316 840,005 Short-term debt As of June 30, 2022 and December 31, 2021, the Company had short-term debts to related parties of $3,381,529 and $3,524,765, respectively. The details of the loans are described as below. Schedule of short term debt At June 30, 2022: Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,654,568 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, 15,677 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of 7,465 15 % January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 321,804 15 % February 28, 2015 February 28, 2016 Yan Chun Yan Accountant of JXZD 8,133 15 % August 31, 2014 August 31, 2015 Victor Sun Shareholder of ZDRI 50,282 January 1, 2011 On Demand Victor Sun Shareholder of ZDRI 12,000 15 % April 25, 2022 May 2, 2023 Victor Sun Shareholder of ZDRI 13,000 15 % May 2, 2022 May 2, 2023 Current portion of long-term debt Zhou Qiang Office manager of JXZD 298,600 15 % December 18, 2012 December 18, 2015 Total $ 3,381,529 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, 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, 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 June 30, 2022 and December 31, 2021, the Company had accrued interest payable to the related parties of $ 5,414,036 5,482,809 265,733 264,681

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	6 Months Ended
	Jun. 30, 2022
Accounts Payable And Accrued Liabilities
Accounts Payable and Accrued Liabilities	Note 6. Accounts Payable and Accrued Liabilities As of June 30, 2022 and December 31, 2021, the Company had accounts payable of $ 202,728 195,012 210,537 208,683

Deferred Revenue

Deferred Revenue	6 Months Ended
	Jun. 30, 2022
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue	Note 7. Deferred Revenue As of June 30, 2022 and December 31, 2021, the Company had deferred revenue of $ 135,360 142,251

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2022
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	6 Months Ended
	Jun. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Gain on Sale Assets	Note 9. Gain on Sale Assets In the first quarter 2022, JXZD sold a certain vehicle $ 273

COVID-19

COVID-19	6 Months Ended
	Jun. 30, 2022
Covid-19
COVID-19	Note 10. – 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 2022.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 11. Subsequent Events The Company does not have any events subsequent to June 30, 2022 through August 15, 2022, the date the financial statements were issued for disclosure consideration.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
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.
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 June 30, 2022 and 2021, the Company had aggregate foreign currency translation gains (loss) of $ 503,046 102,206
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, accounts payable, accrued liabilities due to related parties, short term debt and short term debt – related parties, approximated their fair values as of June 30, 2022 and 2021, 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.
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 adopted it effective January 1, 2022 and the adoption of the standard does not have an impact 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, 2022
Debt Disclosure [Abstract]
The following table represents the details of the short-term debts at June 30, 2022 and December 31, 2021:	The following table represents the details of the short-term debts at June 30, 2022 and December 31, 2021: Issuance date Maturity Interest Rate 06.30.2022 12.31.2021 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 22,500 March 10, 2021 March 10, 2022 1 20,000 20,000 July 13, 2021 July 13,2022 1 16,500 16,500 December 14, 2021 December 14, 2022 1 25,000 25,000 $ 154,500 $ 154,500

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
Schedule of short term debt	As of June 30, 2022 and December 31, 2021, the Company had short-term debts to related parties of $3,381,529 and $3,524,765, respectively. The details of the loans are described as below. Schedule of short term debt At June 30, 2022: Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,654,568 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, 15,677 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of 7,465 15 % January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 321,804 15 % February 28, 2015 February 28, 2016 Yan Chun Yan Accountant of JXZD 8,133 15 % August 31, 2014 August 31, 2015 Victor Sun Shareholder of ZDRI 50,282 January 1, 2011 On Demand Victor Sun Shareholder of ZDRI 12,000 15 % April 25, 2022 May 2, 2023 Victor Sun Shareholder of ZDRI 13,000 15 % May 2, 2022 May 2, 2023 Current portion of long-term debt Zhou Qiang Office manager of JXZD 298,600 15 % December 18, 2012 December 18, 2015 Total $ 3,381,529 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, 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, 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

Description of Business (Detail

Description of Business (Details Narrative)	Jun. 30, 2022
Zhen Ding Jv [Member]
Equity method investment, ownership percentage	70%
Zhen Ding Corporation [Member]
Equity method investment, ownership percentage	100%
Other Partners [Member]
Equity method investment, ownership percentage	30%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Jun. 30, 2022	Jun. 30, 2021
Accounting Policies [Abstract]
Translation adjustment functional to reporting currency, net of tax	$ 503,046	$ 102,206

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 21,148,097	$ 20,910,525
Working capital deficit	$ 10,329,551

The following table represents

The following table represents the details of the short-term debts at June 30, 2022 and December 31, 2021: (Details) - USD ($)

Dec. 14, 2022

Jul. 13, 2022

Jun. 30, 2022

Mar. 10, 2022

Jan. 15, 2022

Dec. 31, 2021

Oct. 22, 2021

Jul. 01, 2021

Apr. 15, 2021

Jan. 15, 2021

Oct. 02, 2020

Oct. 02, 2019

Extinguishment of Debt [Line Items]

Short-Term Debt

$ 154,500

$ 154,500

Short Term Debt One [Member]

Extinguishment of Debt [Line Items]

Issuance date

10,000

October 1, 2020

October 2, 2019

Short-term debt, weighted average interest rate, at point in time

100%

Short-Term Debt

$ 10,000

Short Term Debt Two [Member]

Extinguishment of Debt [Line Items]

Issuance date

January 15, 2021

January 15, 2020

Short-term debt, weighted average interest rate, at point in time

100%

Short-Term Debt

$ 22,000

$ 22,000

Short Term Debt Three [Member]

Extinguishment of Debt [Line Items]

Issuance date

13,500

April 15, 2021

April 16, 2020

Short-term debt, weighted average interest rate, at point in time

100%

Short-Term Debt

$ 13,500

Short Term Debt Four [Member]

Extinguishment of Debt [Line Items]

Issuance date

18,500

July 1, 2021

July 2, 2020

Short-term debt, weighted average interest rate, at point in time

100%

Short-Term Debt

$ 18,500

Short Term Debt Five [Member]

Extinguishment of Debt [Line Items]

Issuance date

October 22, 2021

October 23, 2020

Short-term debt, weighted average interest rate, at point in time

100%

Short-Term Debt

$ 6,500

$ 6,500

Short Term Debt Six [Member]

Extinguishment of Debt [Line Items]

Issuance date

January 15, 2022

January 5, 2021

Short-term debt, weighted average interest rate, at point in time

100%

Short-Term Debt

$ 22,500

$ 22,500

Short Term Debt Seven [Member]

Extinguishment of Debt [Line Items]

Issuance date

March 10, 2022

20,000

March 10, 2021

Short-term debt, weighted average interest rate, at point in time

100%

Short-Term Debt

$ 20,000

Short Term Debt Eight [Member]

Extinguishment of Debt [Line Items]

Issuance date

July 13,2022

16,500

July 13, 2021

Short-term debt, weighted average interest rate, at point in time

100%

Short-Term Debt

$ 16,500

Short Term Debt Nine [Member]

Extinguishment of Debt [Line Items]

Issuance date

December 14, 2022

25,000

December 14, 2021

Short-term debt, weighted average interest rate, at point in time

100%

Short-Term Debt

$ 25,000

Short-Term Debt (Details Narrat

Short-Term Debt (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Debt Disclosure [Abstract]
Interest expense and accrued interest	$ 9,270	$ 5,943

Schedule of short term debt (De

Schedule of short term debt (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Short-term debt-related parties	$ 3,381,529	$ 3,524,765
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	$ 2,654,568	$ 2,789,697
Short-term debt, weighted average interest rate, at point in time	15%	15%
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	$ 15,677	$ 16,475
Short-term debt, weighted average interest rate, at point in time	15%	15%
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	$ 7,465	$ 7,845
Short-term debt, weighted average interest rate, at point in time	15%	15%
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	$ 321,804	$ 338,185
Short-term debt, weighted average interest rate, at point in time	15%	15%
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	$ 8,133	$ 8,481
Short-term debt, weighted average interest rate, at point in time	15%	15%
Issuance date	August 31, 2014	August 31, 2014
Debt instrument, maturity date, description	August 31, 2015	August 31, 2015
Victor Sun [Member]
Related Party Transaction [Line Items]
Relationship to the Company	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%
Issuance date	January 1, 2011	January 1, 2013
Related Party Eight [Member]
Related Party Transaction [Line Items]
Relationship to the Company		Shareholder of ZDRI
Short-term debt-related parties	$ 12,000
Short-term debt, weighted average interest rate, at point in time	15%
Issuance date	April 25, 2022
Debt instrument, maturity date, description	May 2, 2023
Related Party Nine [Member]
Related Party Transaction [Line Items]
Relationship to the Company		Shareholder of ZDRI
Short-term debt-related parties	$ 13,000
Short-term debt, weighted average interest rate, at point in time	15%
Issuance date	May 2, 2022
Debt instrument, maturity date, description	May 2, 2023
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	$ 298,600	$ 313,800
Short-term debt, weighted average interest rate, at point in time	15%	15%
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 ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Related Party Transactions [Abstract]
Due to Related Parties, Current	$ 799,316		$ 840,005
Accrued liabilities, current	5,414,036		$ 5,482,809
Interest Expense	$ 265,733	$ 264,681

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Details Narrative) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Accounts Payable And Accrued Liabilities
Accounts payable	$ 202,728	$ 195,012
Accrued liabilities	$ 210,537	$ 208,683

Deferred Revenue (Details Narra

Deferred Revenue (Details Narrative) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue	$ 135,360	$ 142,251

Gain on Sale Assets (Details Na

Gain on Sale Assets (Details Narrative)	3 Months Ended
	Mar. 31, 2022 USD ($)
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Gain loss on disposition of assets	$ 273