Related Party Transactions | Note 5. Related Party Transactions Accounts payable As of September 30, 2022 and December 31, 2021, the Company had payables of $ 752,739 840,005 Short-term debt As of September 30, 2022 and December 31, 2021, the Company had short-term debts to related parties of $3,201,226 and $3,524,765, respectively. The details of the loans are described as below. At September 30, 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 $ 2,499,881 15 % May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 14,763 15 % January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of JXZD 7,030 15 % January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 303,052 15 % February 28, 2015 February 28, 2016 Yan Chun Yan Accountant of JXZD 8,018 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 Victor Sun Shareholder of ZDRI 12,000 15 % July 12, 2022 July 12, 2023 Current portion of long-term debt Zhou Qiang Office manager of JXZD 281,200 15 % December 18, 2012 December 18, 2015 Total $ 3,201,226 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 September 30, 2022 and December 31, 2021, the Company had accrued interest payable to the related parties of $ 5,270,322 5,482,809 391,154 397,759 |