Related Party Transactions | Note 5. Related Party Transactions Accounts payable As of December 31, 2023 and 2022, the Company had payables of $ 753,809 776,295 Short-term debt As of December 31, 2023 and 2022, the Company had short-term debts to related parties of $ 3,284,961 3,311,209 At December 31, 2023: Schedule of debt Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,503,437 15% May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, 14,784 15% January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of 7,040 15% January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 303,483 15% February 28, 2015 February 28, 2016 Yan Chun Yan Accountant of JXZD 8,485 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 Victor Sun Shareholder of ZDRI 12,500 15% December 6, 2022 December 5, 2023 Victor Sun Shareholder of ZDRI 13,500 15% January 11, 2023 January 11, 2024 Victor Sun Shareholder of ZDRI 14,500 15% April 03, 2023 April 03, 2024 Victor Sun Shareholder of ZDRI 13,850 15% June 07, 2023 June 06, 2024 Victor Sun Shareholder of ZDRI 12,000 15% July 10, 2023 July 10, 2024 Victor Sun Shareholder of ZDRI 12,500 15% October 13, 2023 October 13,2024 Current portion of long-term debt Zhou Qiang Office manager of JXZD 281,600 15% December 18, 2012 December 18,2015 Total $ 3,284,961 At December 31, 2022: Name Relationship to the Company Amount Interest Rate Start Date Maturity Shor-term debt Wei De Gang CEO & Legal person of JXZD $ 2,578,114 15% May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, 15,225 15% January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of 7,250 15% January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 312,536 15% February 28, 2015 February 28, 2016 Yan Chun Yan Accountant of JXZD 8,302 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 Victor Sun Shareholder of ZDRI 12,500 15% December 6, 2022 December 5, 2023 Current portion of long-term debt Zhou Qiang Office manager of JXZD 290,000 15% December 18, 2012 December 18,2015 Total $ 3,311,209 As of December 31, 2023 and 2022, the Company had accrued interest payable to the related parties of $ 5,807,460 5,555,132 479,580 492,722 |