Zhen Ding Resources (RBTK) 10-Q 14 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 14, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
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	376-5317
Title of 12(b) Security	Common Stock
Trading Symbol	RBTK
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

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 14,468	$ 6,293
Total current assets	14,468	6,293
Current Liabilities:
Accounts payable and accrued liabilities	484,421	480,912
Accounts payable and accrued liabilities-related parties	5,904,071	5,807,460
Deferred revenue	124,753	127,654
Due to related parties	736,677	753,809
Short-term debt	154,500	154,500
Short-term debt-related parties	3,270,710	3,284,961
Total current liabilities	10,675,132	10,609,296
Stockholders’ deficit
Common stock, 150,000,000 authorized, $0.0001 par value, 110,737,348 shares issued and outstanding	11,074	11,074
Additional paid-in capital	14,365,129	14,365,129
Subscriptions receivable	(5,431)	(5,431)
Accumulated other comprehensive income	922,057	759,550
Accumulated deficit	(22,672,590)	(22,452,142)
Total deficit attributable to Zhen Ding Resources Inc.	(7,379,761)	(7,321,820)
Non-controlling interests	(3,280,903)	(3,281,183)
Total Stockholders’ deficit	(10,660,664)	(10,603,003)
Total liabilities and Stockholders’ deficit	$ 14,468	$ 6,293

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, shares authorized	150,000,000	150,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares issued	110,737,348	110,737,348
Common stock, shares outstanding	110,737,348	110,737,348

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Operating expenses:
General and administrative	$ 26,488	$ 27,547	$ 41,285	$ 39,911
Total operating expenses	26,488	27,547	41,285	39,911
Operating loss	(26,488)	(27,547)	(41,285)	(39,911)
Other expenses
Interest expenses	123,755	125,351	248,530	253,189
Other income		(43)		(43)
Total expenses	(150,243)	(152,855)	(289,815)	(293,057)
Net loss	(150,243)	(152,855)	(289,815)	(293,057)
Loss attributable to non-controlling interests	34,454	35,507	69,367	71,916
Net loss attributable to Zhen Ding Resources Inc.	$ (115,789)	$ (117,348)	$ (220,448)	$ (221,141)
Basic loss per common share	$ 0	$ 0	$ 0	$ 0
Diluted loss per common share	$ 0	$ 0	$ 0	$ 0
Basic weighted average number of common shares outstanding	110,737,348	110,411,348	110,737,348	110,411,348
Diluted weighted average number of common shares outstanding	110,737,348	110,411,348	110,737,348	110,411,348
Comprehensive loss:
Net loss	$ (150,243)	$ (152,855)	$ (289,815)	$ (293,057)
Other comprehensive income (loss):
Foreign currency translation adjustments	65,755	537,222	232,154	489,442
Total comprehensive income (loss)	(84,488)	384,367	(57,661)	196,385
Comprehensive income (loss) attributable to non-controlling interest	14,728	(125,660)	(280)	(69,922)
Comprehensive income (loss) attributable to Zhen Ding Resources Inc.	$ (99,216)	$ 510,027	$ (57,381)	$ 266,307

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities
Net loss	$ (289,815)	$ (293,057)
Adjustment to reconcile net loss to net cash used in operating activities:
Accounts payable and accrued liabilities	3,509	11,681
Accounts payable and accrued liabilities-related parties	237,648	229,065
Net cash used in operating activities	(48,658)	(52,311)
Cash flows from financing activities
Proceeds from borrowings on short-term debt – related parties	56,630	41,850
Net cash provided by financing activities	56,630	41,850
Foreign currency translation	203	7,675
Net change in cash	8,175	(2,786)
Cash and cash equivalents - beginning of the period	6,293	13,708
Cash and cash equivalents - end of the period	14,468	10,922
Supplemental cash flow information:
Cash paid for interest
Cash paid for income tax

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Stockholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Receivables from Stockholder [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2022	$ 11,041	$ 13,687,082	$ (5,431)	$ 557,392	$ (21,345,909)	$ (3,219,820)	$ (10,315,645)
Beginning balance, shares at Dec. 31, 2022	110,411,348
Foreign currency translation adjustment				347,604		141,838	489,442
Net loss					(221,141)	(71,916)	(293,057)
Ending balance, value at Jun. 30, 2023	$ 11,041	13,687,082	(5,431)	904,996	(21,567,050)	(3,149,898)	(10,119,260)
Ending balance, shares at Jun. 30, 2023	110,411,348
Beginning balance, value at Mar. 31, 2023	$ 11,041	13,687,082	(5,431)	528,941	(21,449,702)	(3,275,558)	(10,503,627)
Beginning balance, shares at Mar. 31, 2023	110,411,348
Foreign currency translation adjustment				376,055		161,167	537,222
Net loss					(117,348)	(35,507)	(152,855)
Ending balance, value at Jun. 30, 2023	$ 11,041	13,687,082	(5,431)	904,996	(21,567,050)	(3,149,898)	(10,119,260)
Ending balance, shares at Jun. 30, 2023	110,411,348
Beginning balance, value at Dec. 31, 2023	$ 11,074	14,365,129	(5,431)	759,550	(22,452,142)	(3,281,183)	(10,603,003)
Beginning balance, shares at Dec. 31, 2023	110,737,348
Foreign currency translation adjustment				162,507		69,647	232,154
Net loss					(220,448)	(69,367)	(289,815)
Ending balance, value at Jun. 30, 2024	$ 11,074	14,365,129	(5,431)	922,057	(22,672,590)	(3,280,903)	(10,660,664)
Ending balance, shares at Jun. 30, 2024	110,737,348
Beginning balance, value at Mar. 31, 2024	$ 11,074	14,365,129	(5,431)	876,028	(22,556,801)	(3,266,175)	(10,576,176)
Beginning balance, shares at Mar. 31, 2024	110,737,348
Foreign currency translation adjustment				46,029		19,726	65,755
Net loss					(115,789)	(34,454)	(150,243)
Ending balance, value at Jun. 30, 2024	$ 11,074	$ 14,365,129	$ (5,431)	$ 922,057	$ (22,672,590)	$ (3,280,903)	$ (10,660,664)
Ending balance, shares at Jun. 30, 2024	110,737,348

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2024
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, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation These unaudited condensed consolidated financial statements have been prepared in accordance with rules and regulations of the Securities and Exchange Commission (“SEC”) and generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Regulation S-X. Accordingly, the unaudited condensed consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the Company has included all adjustments considered necessary for a fair presentation and such adjustments are of a normal recurring nature. These unaudited condensed consolidated financial statements should be read in conjunction with the annual consolidated financial statements for the year ended December 31, 2023 and notes thereto. The results of operations for the six months ended June 30, 2024, are not necessarily indicative of the results to be expected for the full fiscal year ended December 31, 2024. 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. Principles of Consolidation 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. 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, 2024 and 2023, the Company had aggregate foreign currency translation gains (loss) of $ 232,154 489,442 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. The Company follows the FASB guidance for how uncertain ta positions should be recognized, measured and presented in the financial statements. This requires the evaluation of tax positions taken or expected be taken in the course of preparing the Company’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained “when challenged” or “when examined” by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. Management has evaluated the Company’s tax positions and concluded that the Company has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance as of June 30, 2024. The Company is not currently under audit by any tax jurisdiction. Stock-Based Compensation We account for stock-based compensation under the fair value method which requires all such compensation to employees, including the grant of employee stock options, to be calculated based on its fair value at the measurement date (generally the grant date), and recognized in the consolidated statement of operations over the requisite service period. Fair Values of Financial Instruments Management believes that the carrying amounts of the Company’s financial instruments, consisting primarily of cash, other receivable, due to related parties, short term debt and short term debt – related parties, approximated their fair values as of June 30, 2024 and December 31, 2023, 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 March 2022, the FASB issued ASU 2022-02, ASC Subtopic 326 “Credit Losses”: Troubled Debt Restructurings and Vintage Disclosures. Since the issuance of Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, the Board has provided resources to monitor and assist stakeholders with the implementation of Topic 326. Post-Implementation Review (PIR) activities have included forming a Credit Losses Transition Resource Group, conducting outreach with stakeholders of all types, developing educational materials and staff question-and-answer guidance, conducting educational workshops, and performing an archival review of financial reports. ASU No. 2022-02 is effective for annual and interim periods beginning after December 15, 2022. The Company does not expect the standard to have a significant impact on its 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, 2024
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, 2024, the Company had accumulated losses of $ 22,672,590 10,660,664

Short-Term Debt

Short-Term Debt	6 Months Ended
	Jun. 30, 2024
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, 2024 and December 31, 2023: Schedule of short-term debts Issuance date Maturity Interest Rate 06.30.2024 12.31.2023 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 2,500 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, 2024 and 2023, the Company recorded interest expense and accrued interest of $ 9,270 9,270

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	Note 5. Related Party Transactions Accounts payable As of June 30, 2024 and December 31, 2023, the Company had payables of $ 736,677 753,809 Short-term debt As of June 30, 2024 and December 31, 2023, the Company had short-term debts to related parties of $ 3,270,710 3,284,961 At June 30, 2024: 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 $ 2,446,541 15% May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 14,448 15% January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of JXZD 6,880 15% January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 296,586 15% February 28, 2015 February 28, 2016 Yan Chun Yan Accountant of JXZD 8,423 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 Victor Sun Shareholder of ZDRI 15,000 15% January 18, 2024 January 18, 2025 Victor Sun Shareholder of ZDRI 15,000 15% April 11,2024 April 11, 2025 Victor Sun Shareholder of ZDRI 10,000 15% May 17, 2024 June 16, 2025 Victor Sun Shareholder of ZDRI 16,500 15% June 10, 2024 June 10, 2025 Current portion of long-term debt Zhou Qiang Office manager of JXZD 275,200 15% December 18, 2012 December 18,2015 Total $ 3,270,710 At December 31, 2023: 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, wife of Zhou Zhi Bin 14,784 15% January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of JXZD 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 As of June 30, 2024 and December 31, 2023, the Company had accrued interest payable to the related parties of $ 5,904,071 5,807,460 248,530 253,189

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities	Note 6. Accounts Payable and Accrued Liabilities As of June 30, 2024 and December 31, 2023, the Company had accounts payable of $ 173,890 184,574 310,531 296,338

Deferred Revenues

Deferred Revenues	6 Months Ended
	Jun. 30, 2024
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenues	Note 7. Deferred Revenues As of June 30, 2024 and December 31, 2023, the Company had deferred revenue of $ 124,753 127,654

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2024
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.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 9. Subsequent Events The Company does not have any events subsequent to June 30, 2024 through August 14, 2024 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, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These unaudited condensed consolidated financial statements have been prepared in accordance with rules and regulations of the Securities and Exchange Commission (“SEC”) and generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Regulation S-X. Accordingly, the unaudited condensed consolidated financial statements do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the Company has included all adjustments considered necessary for a fair presentation and such adjustments are of a normal recurring nature. These unaudited condensed consolidated financial statements should be read in conjunction with the annual consolidated financial statements for the year ended December 31, 2023 and notes thereto. The results of operations for the six months ended June 30, 2024, are not necessarily indicative of the results to be expected for the full fiscal year ended December 31, 2024. 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.
Principles of Consolidation	Principles of Consolidation 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.
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, 2024 and 2023, the Company had aggregate foreign currency translation gains (loss) of $ 232,154 489,442
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. The Company follows the FASB guidance for how uncertain ta positions should be recognized, measured and presented in the financial statements. This requires the evaluation of tax positions taken or expected be taken in the course of preparing the Company’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained “when challenged” or “when examined” by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. Management has evaluated the Company’s tax positions and concluded that the Company has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance as of June 30, 2024. The Company is not currently under audit by any tax jurisdiction.
Stock-Based Compensation	Stock-Based Compensation We account for stock-based compensation under the fair value method which requires all such compensation to employees, including the grant of employee stock options, to be calculated based on its fair value at the measurement date (generally the grant date), and recognized in the consolidated statement of operations over the requisite service period.
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, other receivable, due to related parties, short term debt and short term debt – related parties, approximated their fair values as of June 30, 2024 and December 31, 2023, 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 March 2022, the FASB issued ASU 2022-02, ASC Subtopic 326 “Credit Losses”: Troubled Debt Restructurings and Vintage Disclosures. Since the issuance of Accounting Standards Update No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, the Board has provided resources to monitor and assist stakeholders with the implementation of Topic 326. Post-Implementation Review (PIR) activities have included forming a Credit Losses Transition Resource Group, conducting outreach with stakeholders of all types, developing educational materials and staff question-and-answer guidance, conducting educational workshops, and performing an archival review of financial reports. ASU No. 2022-02 is effective for annual and interim periods beginning after December 15, 2022. The Company does not expect the standard to have a significant impact on its 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, 2024
Debt Disclosure [Abstract]
Schedule of short-term debts	Schedule of short-term debts Issuance date Maturity Interest Rate 06.30.2024 12.31.2023 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 2,500 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, 2024
Related Party Transactions [Abstract]
Schedule of debt	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 $ 2,446,541 15% May 31, 2011 May 31, 2014 Zhao Yan Ling Former office manager of JXZD, wife of Zhou Zhi Bin 14,448 15% January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of JXZD 6,880 15% January 1, 2011 December 31, 2013 Tang Yong Hong Manager of JXZD 296,586 15% February 28, 2015 February 28, 2016 Yan Chun Yan Accountant of JXZD 8,423 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 Victor Sun Shareholder of ZDRI 15,000 15% January 18, 2024 January 18, 2025 Victor Sun Shareholder of ZDRI 15,000 15% April 11,2024 April 11, 2025 Victor Sun Shareholder of ZDRI 10,000 15% May 17, 2024 June 16, 2025 Victor Sun Shareholder of ZDRI 16,500 15% June 10, 2024 June 10, 2025 Current portion of long-term debt Zhou Qiang Office manager of JXZD 275,200 15% December 18, 2012 December 18,2015 Total $ 3,270,710 At December 31, 2023: 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, wife of Zhou Zhi Bin 14,784 15% January 1, 2011 December 31, 2013 Zhou Zhi Bin Former CEO & Legal person of JXZD 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

Description of Business (Detail

Description of Business (Details Narrative)	Jun. 30, 2024
Zhen Ding Jv [Member]
Ownership percentage	70%
Zhen Ding Corporation [Member]
Ownership percentage	100%
Other Partners [Member]
Ownership percentage	30%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Jun. 30, 2024	Jun. 30, 2023
Accounting Policies [Abstract]
Foreign currency translation gains (loss)	$ 232,154	$ 489,442

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 22,672,590	$ 22,452,142
Working capital deficit	$ 10,660,664

Short-Term Debt (Details)

Short-Term Debt (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Extinguishment of Debt [Line Items]
Short-term debt	$ 154,500	$ 154,500
Short Term Debt One [Member]
Extinguishment of Debt [Line Items]
Issuance date	Oct. 02, 2019
Maturity	Oct. 01, 2020
Interest rate	1%
Short-term debt	$ 10,000	10,000
Short Term Debt Two [Member]
Extinguishment of Debt [Line Items]
Issuance date	Jan. 15, 2020
Maturity	Jan. 15, 2021
Interest rate	1%
Short-term debt	$ 22,000	22,000
Short Term Debt Three [Member]
Extinguishment of Debt [Line Items]
Issuance date	Apr. 16, 2020
Maturity	Apr. 15, 2021
Interest rate	1%
Short-term debt	$ 13,500	13,500
Short Term Debt Four [Member]
Extinguishment of Debt [Line Items]
Issuance date	Jul. 02, 2020
Maturity	Jul. 01, 2021
Interest rate	1%
Short-term debt	$ 18,500	18,500
Short Term Debt Five [Member]
Extinguishment of Debt [Line Items]
Issuance date	Oct. 23, 2020
Maturity	Oct. 22, 2021
Interest rate	1%
Short-term debt	$ 6,500	6,500
Short Term Debt Six [Member]
Extinguishment of Debt [Line Items]
Issuance date	Jan. 05, 2021
Maturity	Jan. 15, 2022
Interest rate	1%
Short-term debt	$ 22,500	2,500
Short Term Debt Seven [Member]
Extinguishment of Debt [Line Items]
Issuance date	Mar. 10, 2021
Maturity	Mar. 10, 2022
Interest rate	1%
Short-term debt	$ 20,000	20,000
Short Term Debt Eight [Member]
Extinguishment of Debt [Line Items]
Issuance date	Jul. 13, 2021
Maturity	Jul. 13, 2022
Interest rate	1%
Short-term debt	$ 16,500	16,500
Short Term Debt Nine [Member]
Extinguishment of Debt [Line Items]
Issuance date	Dec. 14, 2021
Maturity	Dec. 14, 2022
Interest rate	1%
Short-term debt	$ 25,000	$ 25,000

Short-Term Debt (Details Narrat

Short-Term Debt (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Short-Term Debt [Line Items]
Interest Expenseand and accrued interest	$ 248,530	$ 253,189
Short-Term Debt [Member]
Short-Term Debt [Line Items]
Interest Expenseand and accrued interest	$ 9,270	$ 9,270

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Short-term debt-related parties	$ 3,270,710	$ 3,284,961
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	$ 2,446,541	$ 2,503,437
Interest Rate	15%	15%
Start Date	May 31, 2011	May 31, 2011
Maturity Date	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	$ 14,448	$ 14,784
Interest Rate	15%	15%
Start Date	Jan. 01, 2011	Jan. 01, 2011
Maturity Date	Dec. 31, 2013	Dec. 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	$ 6,880	$ 7,040
Interest Rate	15%	15%
Start Date	Jan. 01, 2011	Jan. 01, 2011
Maturity Date	Dec. 31, 2013	Dec. 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	$ 296,586	$ 303,483
Interest Rate	15%	15%
Start Date	Feb. 28, 2015	Feb. 28, 2015
Maturity Date	Feb. 28, 2016	Feb. 28, 2016
Yan Chun Yan [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Accountant of JXZD	Accountant of JXZD
Short-term debt-related parties	$ 8,423	$ 8,485
Interest Rate	15%	15%
Start Date	Aug. 31, 2014	Aug. 31, 2014
Maturity Date	Aug. 31, 2015	Aug. 31, 2015
Victor Sun [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Short-term debt-related parties	$ 50,282	$ 50,282
Start Date	Jan. 01, 2011	Jan. 01, 2011
Victor Sun One [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Short-term debt-related parties	$ 12,000	$ 12,000
Interest Rate	15%	15%
Start Date	Apr. 25, 2022	Apr. 25, 2022
Maturity Date	May 02, 2023	May 02, 2023
Victor Sun Two [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Short-term debt-related parties	$ 13,000	$ 13,000
Interest Rate	15%	15%
Start Date	May 02, 2022	May 02, 2022
Maturity Date	May 02, 2023	May 02, 2023
Victor Sun Three [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Short-term debt-related parties	$ 12,000	$ 12,000
Interest Rate	15%	15%
Start Date	Jul. 12, 2022	Jul. 12, 2022
Maturity Date	Jul. 12, 2023	Jul. 12, 2023
Victor Sun Four [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Short-term debt-related parties	$ 12,500	$ 12,500
Interest Rate	15%	15%
Start Date	Dec. 06, 2022	Dec. 06, 2022
Maturity Date	Dec. 05, 2023	Dec. 05, 2023
Victor Sun Five [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Short-term debt-related parties	$ 13,500	$ 13,500
Interest Rate	15%	15%
Start Date	Jan. 11, 2023	Jan. 11, 2023
Maturity Date	Jan. 11, 2024	Jan. 11, 2024
Victor Sun Six [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Short-term debt-related parties	$ 14,500	$ 14,500
Interest Rate	15%	15%
Start Date	Apr. 03, 2023	Apr. 03, 2023
Maturity Date	Apr. 03, 2024	Apr. 03, 2024
Victor Sun Seven [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Short-term debt-related parties	$ 13,850	$ 13,850
Interest Rate	15%	15%
Start Date	Jun. 07, 2023	Jun. 07, 2023
Maturity Date	Jun. 06, 2024	Jun. 06, 2024
Victor Sun Eight [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Short-term debt-related parties	$ 12,000	$ 12,000
Interest Rate	15%	15%
Start Date	Jul. 10, 2023	Jul. 10, 2023
Maturity Date	Jul. 10, 2024	Jul. 10, 2024
Victor Sun Nine [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI	Shareholder of ZDRI
Short-term debt-related parties	$ 12,500	$ 12,500
Interest Rate	15%	15%
Start Date	Oct. 13, 2023	Oct. 13, 2023
Maturity Date	Oct. 13, 2024	Oct. 13, 2024
Victor Sun Ten [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI
Short-term debt-related parties	$ 15,000
Interest Rate	15%
Start Date	Jan. 18, 2024
Maturity Date	Jan. 18, 2025
Victor Sun Eleven [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI
Short-term debt-related parties	$ 15,000
Interest Rate	15%
Start Date	Apr. 11, 2024
Maturity Date	Apr. 11, 2025
Victor Sun Twelve [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI
Short-term debt-related parties	$ 10,000
Interest Rate	15%
Start Date	May 17, 2024
Maturity Date	Jun. 16, 2025
Victor Sun Thirteen [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Shareholder of ZDRI
Short-term debt-related parties	$ 16,500
Interest Rate	15%
Start Date	Jun. 10, 2024
Maturity Date	Jun. 10, 2025
Zhou Qiang [Member]
Related Party Transaction [Line Items]
Relationship to the Company	Office manager of JXZD	Office manager of JXZD
Short-term debt-related parties	$ 275,200	$ 281,600
Interest Rate	15%	15%
Start Date	Dec. 18, 2012	Dec. 18, 2012
Maturity Date	Dec. 18, 2015	Dec. 18, 2015

Related Party Transactions (D_2

Related Party Transactions (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transactions [Abstract]
Due to related parties	$ 736,677		$ 753,809
Short-term debts	3,270,710		3,284,961
Accrued interest payable to related parties	5,904,071		$ 5,807,460
Interest expense	$ 248,530	$ 253,189

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accounts payable	$ 173,890	$ 184,574
Accrued liabilities	$ 310,531	$ 296,338

Deferred Revenues (Details Narr

Deferred Revenues (Details Narrative) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Revenue Recognition and Deferred Revenue [Abstract]
Deferred Revenue	$ 124,753	$ 127,654