Image Chain Group Limited (ICGL) 10-Q 15 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 13, 2019
Document And Entity Information
Entity Registrant Name	Image Chain Group Limited, Inc.
Entity Central Index Key	0001598924
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		508,539,882
Trading Symbol	ICGL
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents
Total Current assets
Total Assets	0	0
Current Liabilities
Accrued liabilities and other payables	367	367
Due to related party	695,842	642,063
Total Current Liabilities	696,209	642,430
Total Liabilities	696,209	642,430
Stockholders' Deficit
Preferred Stock, $0.001 par value, 50,000 shares authorized, issued and outstanding	50	50
Common stock, $0.001 par value, 2,000,000,000 shares authorized, 508,539,882 and 507,070,882 issued as of March 31, 2019 and December 31, 2018, respectively	508,540	507,271
Additional paid in capital	8,124,365	5,333,834
Accumulated deficit	(9,329,164)	(6,483,585)
Treasury stock, at cost, 200,000 as of March 31, 2019 and December 31, 2018, respectively
Total Stockholders' Deficit	(696,209)	(642,430)
Total Liabilities and Stockholders' Deficit	$ 0	$ 0

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000	50,000
Preferred stock, shares issued	50,000	50,000
Preferred stock, shares outstanding	50,000	50,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	2,000,000,000	2,000,000,000
Common stock, shares issued	508,539,882	507,070,882
Treasury stock, shares	200,000	200,000

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
Revenue
Operating Expenses
General and administrative expenses	2,845,579	70,847
Total Operating Expenses	2,845,579	70,847
Loss Before Income Taxes	(2,845,579)	(70,847)
Provision for income taxes
Net Loss from continuing operations	(2,845,579)	(70,847)
Loss from discontinued operations
Loss from discontinued operations, net of tax		(175,819)
Net Loss from discontinued operations		(175,819)
Net Loss	(2,845,579)	(246,666)
Other Comprehensive Income
Foreign currency translation gain from discontinued operations		112,149
Total Comprehensive Loss	$ (2,845,579)	$ (134,517)
Basic and Diluted Loss per Common Share	$ (0.01)	$ 0
Basic and Diluted Weighted Average Common Shares Outstanding	507,341,382	507,270,882

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Deficit) (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock [Member]	Total
Balance at Dec. 31, 2017	$ 50	$ 507,271	$ 5,333,834	$ (4,646,033)	$ (390,246)		$ 804,876
Balance, shares at Dec. 31, 2017	50,000	507,270,882
Foreign currency translation gain					112,149		112,149
Net loss				(246,666)			(246,666)
Balance at Mar. 31, 2018	$ 50	$ 507,271	5,333,834	(4,892,699)	(278,097)		670,359
Balance, shares at Mar. 31, 2018	50,000	507,270,882
Balance at Dec. 31, 2018	$ 50	$ 507,271	5,333,834	(6,483,585)			(642,430)
Balance, shares at Dec. 31, 2018	50,000	507,270,882				200,000
Common stocks issued for services		$ 1,269	2,790,531				2,791,800
Common stocks issued for services, shares		1,269,000
Net loss				(2,845,579)			(2,845,579)
Balance at Mar. 31, 2019	$ 50	$ 508,540	$ 8,124,365	$ (9,329,164)		$ 200,000	$ (696,209)
Balance, shares at Mar. 31, 2019	50,000	508,539,882

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities
Net loss	$ (2,845,579)	$ (246,666)
Adjustments to reconcile net loss to net cash provided by operating activities:
Amortization of intangible assets		14,175
Depreciation of fixed assets		59,099
Salaries paid by shares	2,791,800
Expenses paid by related party	53,779	70,667
Changes in operating assets and liabilities:
Accounts receivables		(18,289)
Other receivables		25,205
Inventories		(32,405)
Advances and prepayments to suppliers		(57,696)
Accounts payables		(64,673)
Accrued liabilities and other payables		676,244
Net cash provided by operating activities		425,661
Cash flows from investing activities
Purchase of plant and equipment		(143,560)
Net cash used in investing activities		(143,560)
Cash flows from financing activities
Repayment of bank borrowings		(334,109)
Net cash used in financing activities		(334,109)
Effect of foreign currency translation on cash and cash equivalents		1,686
Net decrease of cash and cash equivalents		(50,322)
Cash and cash equivalents-beginning of period		64,848
Cash and cash equivalents-end of period		14,526
Cash and cash equivalents - continuing operations
Cash and cash equivalents - discontinued operations		14,526
Supplementary cash flow information:
Interest paid		17,243
Income taxes paid
NON-CASH INVESTING AND FINANCING ACTIVITIES
Common stock issued for services	$ 2,791,800

The Company and Principal Busin

The Company and Principal Business Activities	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company and Principal Business Activities	1. THE COMPANY AND PRINCIPAL BUSINESS ACTIVITIES Business Image Chain Group Limited, Inc. (formerly Have Gun Will Travel Entertainment, Inc.) (“ICGL” or the “Company”) was incorporated under the laws of Nevada on December 18, 2013. From inception through the date of the Share Exchange as defined below, the Company was an emerging forward-thinking full-service television pre-production company dedicated to the creation of original concepts and programming with a bold and innovative edge in the reality television space for sale, option and licensure to independent producers, cable television networks, syndication companies, and other entities. On June 11, 2015, the Company amended its Articles of Incorporation with the State of Nevada in order to change its name to Image Chain Group Limited, Inc. and to increase the authorized shares of common stock from 70,000,000 to 400,000,000 (the “Amendments”). The name change was undertaken in order to more closely align with the operations of the Company’s wholly-owned subsidiary, Fortune Delight Holdings Group Ltd (“FDHG”). The increase in authorized shares was undertaken to allow the Company to utilize the newly available shares to raise capital. The board of directors and the stockholders of the Company approved the Amendments on May 8, 2015. On February 13, 2017, the Company filed with the Secretary of State of the State of Nevada a Certificate of Correction (the “Certificate of Correction”) to correct a mistake made in the Company’s original Articles of Incorporation with regard to the preferred stock issued in connection with the FDHG Exchange Agreement. As a result, ICGL had 395,000,000 shares of common stock and 5,000,000 shares of preferred stock issued and outstanding. The Company subsequently entered into an agreement pursuant to which the holder of the preferred stock agreed to retire the preferred stock in exchange for receiving an equal number of shares of common stock of the Company . Effective May 1, 2017, the Company increased the authorized shares of Common Stock from 3,950,000 to 2,000,000,000 shares with a par value of $0.001 per share, and to decrease the authorized shares of Preferred Stock from 50,000 to zero (0). As of the date of this Report, the decrease in shares of Preferred Stock is still in process. FDHG, previously, through its wholly-owned operating subsidiaries, was in the business of promoting and distributing its own branded teas that are grown, harvested, cured, and packaged in the People’s Republic of China (“PRC”). The Company’s headquarters was previously located in Guangzhou, Guangdong Province, PRC. Share Exchange and Reorganization On November 14, 2017, the Company entered into a share exchange agreement (the “SEA”) with Image P2P Trading Group Limited (“Image P2P”) and Image P2P’s shareholders whereby the Company issued 500,000,000 new common shares in exchange for all of the issued and outstanding ordinary shares of Image P2P, which totaled 50,000. Image P2P is an investment holding company incorporated and domiciled in the British Virgin Islands. Share Exchange and disposal of subsidiaries On November 28, 2018, the Company has entered into a Business Transfer Agreement and Share Exchange Agreement (the “Agreements”) with a group of the original shareholders of Image P2P (the “Image P2P Shareholding Group”), Image P2P and its subsidiaries. Pursuant to the Agreements, the Image P2P Shareholding Group will exchange 200,000 common shares of the Company for the one common share of Asia Grand Will Limited held by Image P2P. Asia Grand Will Limited is the holding company for the Company’s operations in the PRC. Also pursuant to the Agreements, the Image P2P Shareholding Group, Image P2P and Image P2P’s subsidiaries will transfer to the Company (i) all of its right, title and interest to the intellectual property, including copyrights, patents, trademarks, process technology and production know-how, of Image P2P and its subsidiaries, (ii) the exclusive distribution rights in the PRC and worldwide for all products of Image P2P and its subsidiaries, (iii) the exclusive right to all intellectual property developed by Image P2P and its subsidiaries in the future and (iv) the exclusive distribution rights in the PRC and worldwide for all products of Image P2P and its subsidiaries developed in the future. The 200,000 common shares of the Company returned to Image P2P are recognized as common stock in treasury since Image P2P is a wholly owned subsidiary of the Company, and measured at cost which is the fair value of the common stocks as of the date of the disposal of subsidiaries. The subsidiaries disposed are presented as discontinued operations in this report. Comparatives are reclassified to conform with the presentation. The Company is currently reviewing and revising its future business plans. To date, the Company has not yet identified its future business plans.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. Notes to the unaudited interim condensed consolidated financial statements that would substantially duplicate the disclosures contained in the audited consolidated financial statements for fiscal year 2018 have been omitted. This report should be read in conjunction with the audited consolidated financial statements and the footnotes thereto for the fiscal year ended December 31, 2018 included in the Company’s Form 10-K as filed with the Securities and Exchange Commission on March 26, 2019. Principles of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All significant inter-company accounts and transactions have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of those wholly-owned subsidiaries. The Company’s subsidiaries are listed as follows: Name of Company Place of incorporation Attributable equity interest % Authorized capital Image P2P Trading Group Limited (“BVI”) British Virgin Islands 100 USD 50,000 Use of estimates In preparing these consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates. Foreign currency translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The accompanying financial statements are presented in United States dollars (“USD”). The functional currency of the Company and BVI is the USD. The functional currency of AGWL is the Hong Kong dollar (“HKD”). The functional currency of FZHL and FZY is the Renminbi (“RMB”). AGWL, FZHL and FZY have been classified as discontinued operations and have been disposed in the year 2018. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the USD are translated into USD, in accordance with ASC 830, “Translation of Financial Statements”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income (loss) within the statement of stockholders’ equity. Exchange Rates 3/31/2019 12/31/2018 3/31/2018 Spot rate RMB : US$ exchange rate N/A 0.1454 0.159 Average year RMB : US$ exchange rate N/A 0.1514 0.1572 Year end HKD : US$ exchange rate 0.129 0.129 0.129 Average year HKD : US$ exchange rate 0.129 0.129 0.129 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US Dollars at the rates used in translation. Reclassifications Certain prior period amounts have been reclassified to conform with the current period presentation. Recently Adopted Accounting Standards In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, Leases (“ASC 842”). The guidance requires lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Lessor accounting is similar to the current model, but updated to align with certain changes to the lessee model and the new revenue recognition standard. Existing sale-leaseback guidance, including guidance for real estate, is replaced with a new model applicable to both lessees and lessors. ASC 842 is effective for fiscal years beginning after December 15, 2018. The adoption of ASC 842, did not have a material effect on the Company’s consolidated financial statements. Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

Going Concern

Going Concern	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	3. GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. As of March 31, 2019, the Company had an accumulated deficit of $9,329,164 and net loss of $2,845,579 and net cash used in operations of $0 for the three months ended March 31, 2019. Losses have principally occurred as a result of the substantial resources required for professional fees and general and administrative expenses associated with our operations. The continuation of the Company as a going concern through March 31, 2020 is dependent upon the continued financial support from its stockholders or external financing. Management believes the existing stockholders will provide the additional cash to meet with the Company’s obligations as they become due. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effect on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the outcome of these uncertainties. Management believes that the actions presently being taken to obtain additional funding and implement its strategic plan provides the opportunity for the Company to continue as a going concern.

Disposal of Subsidiaries

Disposal of Subsidiaries	3 Months Ended
	Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Disposal of Subsidiaries	The following table shows the results of operations of Asia Grand Will Limited for the three months ended March 31, 2019 and 2018 which are included in the loss from discontinued operations: For the three months ended March 31, 2019 2018 Sales $ - $ 195,731 Cost of sales - 201,277 Gross loss - (5,546 ) Selling and marketing expenses - 22,512 General and administrative expenses - 90,603 Operating loss - (118,661 ) Government subsidy - - Interest income - - Other expenses - (52 ) Interest expense - (56,561 ) Loss before taxes - (175,273 ) Income tax expense - (546 ) Net loss $ - $ (175,819 ) The following table shows the carrying amounts of the major classes of assets and liabilities associated with Asia Grand Will Limited as of November 28, 2018: November 28, 2018 Cash and cash equivalents $ 16,332 Accounts receivable, net 26,411 Inventories 26,416 Advances and prepayment to suppliers 64,599 Prepaid taxes and taxes recoverable 93,489 Total Current assets $ 227,247 Plant and equipment, net 10,328,609 Construction in progress and prepayment for equipment 472,261 Intangible assets, net 443,520 Other assets 132,967 Total Non-current Assets $ 11,377,356 Short-term bank loans 2,138,455 Long-term bank loans – current portion 431,430 Accounts payable 1,009,386 Accrued liabilities and other payables 1,490,365 Customers advances and deposits 55,165 Due to related parties 4,231,072 Total Current Liabilities $ 9,355,873 Loans payable 1,658,896 Total Non-current Liabilities $ 1,658,896 Net assets and liabilities $ 589,835 Consideration received on disposal - Recycling of accumulated other comprehensive income 368,397 Loss on disposal $ 958,231

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	5. RELATED PARTY TRANSACTIONS During the three months ended March 31, 2019, $1,029,600 services fee was paid to David Po (the Secretary and Chairman of the Board of Director) with 468,000 shares of common stock and $52,800 services fee was paid to Jonathan Ka Kit Tam (former Chief Financial Officer and Director, resigned on Mar 30, 2019) with 24,000 shares of common stock at $2.2 per share for their services provided and to be provided for the year ended December 31, 2019. During the three months ended March 31, 2019, David Po advanced $53,779 for operating expenses. Amounts due to Mr. Po as of March 31, 2019 and December 31, 2018, were $695,842 and $642,062, respectively. The owing to Mr. Po consists of working capital advances and borrowings. These amounts are due on demand and are non-interest bearing.

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Stockholders' Equity (Deficit)	6. STOCKHOLDERS’ EQUITY (DEFICIT) Preferred Stock The Company is authorized to issue 50,000 shares, with a stated par value of $0.001 per share with such powers, preferences, rights and restrictions which shall be determined by the Corporation’s Board of Directors in its sole discretion, and which designations and issuances shall not require the approval of the shareholders of the Corporation. During the three months ended March 31, 2019, there were no issuances of Preferred Stock. As of March 31, 2019 and December 31, 2018, 50,000 shares of preferred stock were issued and outstanding. Common Stock The Company is authorized to issue 2,000,000,000 shares of common stock at a par value of $0.001. During the three months ended March 31, 2019, the Company has issued 1,269,000 shares of common stock to certain related and unrelated parties for their services provided and to be provided for the year ended December 31, 2019 at $2.2 per share, value of total $2,791,800 which was fully expensed in this period. As of March 31, 2019 and December 31, 2018, 508,539,882 and 507,270,882 shares of common stock were issued, respectively.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	7. SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date which the financial statements were available to be issued. All subsequent events requiring recognition as of March 31, 2019 have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.”

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019. Notes to the unaudited interim condensed consolidated financial statements that would substantially duplicate the disclosures contained in the audited consolidated financial statements for fiscal year 2018 have been omitted. This report should be read in conjunction with the audited consolidated financial statements and the footnotes thereto for the fiscal year ended December 31, 2018 included in the Company’s Form 10-K as filed with the Securities and Exchange Commission on March 26, 2019.
Principles of Consolidation	Principles of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All significant inter-company accounts and transactions have been eliminated. The consolidated financial statements include 100% of assets, liabilities, and net income or loss of those wholly-owned subsidiaries. The Company’s subsidiaries are listed as follows: Name of Company Place of incorporation Attributable equity interest % Authorized capital Image P2P Trading Group Limited (“BVI”) British Virgin Islands 100 USD 50,000
Use of Estimates	Use of estimates In preparing these consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates.
Foreign Currency Translation	Foreign currency translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statement of operations. The accompanying financial statements are presented in United States dollars (“USD”). The functional currency of the Company and BVI is the USD. The functional currency of AGWL is the Hong Kong dollar (“HKD”). The functional currency of FZHL and FZY is the Renminbi (“RMB”). AGWL, FZHL and FZY have been classified as discontinued operations and have been disposed in the year 2018. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not the USD are translated into USD, in accordance with ASC 830, “Translation of Financial Statements”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income (loss) within the statement of stockholders’ equity. Exchange Rates 3/31/2019 12/31/2018 3/31/2018 Spot rate RMB : US$ exchange rate N/A 0.1454 0.159 Average year RMB : US$ exchange rate N/A 0.1514 0.1572 Year end HKD : US$ exchange rate 0.129 0.129 0.129 Average year HKD : US$ exchange rate 0.129 0.129 0.129 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US Dollars at the rates used in translation.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform with the current period presentation.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards In February 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-02, Leases (“ASC 842”). The guidance requires lessees to recognize almost all leases on their balance sheet as a right-of-use asset and a lease liability. For income statement purposes, the FASB retained a dual model, requiring leases to be classified as either operating or finance. Lessor accounting is similar to the current model, but updated to align with certain changes to the lessee model and the new revenue recognition standard. Existing sale-leaseback guidance, including guidance for real estate, is replaced with a new model applicable to both lessees and lessors. ASC 842 is effective for fiscal years beginning after December 15, 2018. The adoption of ASC 842, did not have a material effect on the Company’s consolidated financial statements. Management has considered all recent accounting pronouncements issued. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Summary of Identities of Consolidated Subsidiaries	The Company’s subsidiaries are listed as follows: Name of Company Place of incorporation Attributable equity interest % Authorized capital Image P2P Trading Group Limited (“BVI”) British Virgin Islands 100 USD 50,000
Schedule of Foreign Currency Translation	The gains and losses resulting from translation of financial statements of foreign subsidiaries are recorded as a separate component of accumulated other comprehensive income (loss) within the statement of stockholders’ equity. Exchange Rates 3/31/2019 12/31/2018 3/31/2018 Spot rate RMB : US$ exchange rate N/A 0.1454 0.159 Average year RMB : US$ exchange rate N/A 0.1514 0.1572 Year end HKD : US$ exchange rate 0.129 0.129 0.129 Average year HKD : US$ exchange rate 0.129 0.129 0.129

Disposal of Subsidiaries (Table

Disposal of Subsidiaries (Tables)	3 Months Ended
	Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Loss from Discontinued Operations	The following table shows the results of operations of Asia Grand Will Limited for the three months ended March 31, 2019 and 2018 which are included in the loss from discontinued operations: For the three months ended March 31, 2019 2018 Sales $ - $ 195,731 Cost of sales - 201,277 Gross loss - (5,546 ) Selling and marketing expenses - 22,512 General and administrative expenses - 90,603 Operating loss - (118,661 ) Government subsidy - - Interest income - - Other expenses - (52 ) Interest expense - (56,561 ) Loss before taxes - (175,273 ) Income tax expense - (546 ) Net loss $ - $ (175,819 )
Schedule of Major Classes of Assets and Liabilities	The following table shows the carrying amounts of the major classes of assets and liabilities associated with Asia Grand Will Limited as of November 28, 2018: November 28, 2018 Cash and cash equivalents $ 16,332 Accounts receivable, net 26,411 Inventories 26,416 Advances and prepayment to suppliers 64,599 Prepaid taxes and taxes recoverable 93,489 Total Current assets $ 227,247 Plant and equipment, net 10,328,609 Construction in progress and prepayment for equipment 472,261 Intangible assets, net 443,520 Other assets 132,967 Total Non-current Assets $ 11,377,356 Short-term bank loans 2,138,455 Long-term bank loans – current portion 431,430 Accounts payable 1,009,386 Accrued liabilities and other payables 1,490,365 Customers advances and deposits 55,165 Due to related parties 4,231,072 Total Current Liabilities $ 9,355,873 Loans payable 1,658,896 Total Non-current Liabilities $ 1,658,896 Net assets and liabilities $ 589,835 Consideration received on disposal - Recycling of accumulated other comprehensive income 368,397 Loss on disposal $ 958,231

The Company and Principal Bus_2

The Company and Principal Business Activities (Details Narrative) - $ / shares	Nov. 28, 2018	Nov. 14, 2017	Mar. 31, 2019	Dec. 31, 2018	May 01, 2017	Feb. 13, 2017	Jun. 11, 2015
Common stock, shares authorized			2,000,000,000	2,000,000,000	3,950,000
Common stock, shares issued			508,539,882	507,070,882		395,000,000
Common stock, shares outstanding						395,000,000
Preferred stock, shares issued			50,000	50,000		5,000,000
Preferred stock, shares outstanding			50,000	50,000		5,000,000
Common stock, excess shares authorized					2,000,000,000
Common stock, par or stated value per share			$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized			50,000	50,000	50,000
Preferred stock change in authorized number of shares					0
Recapitalization, shares		500,000,000
Outstanding ordinary shares		50,000
Business Transfer Agreement and Share Exchange Agreement [Member] | Image P2P Shareholding Group [Member]
Number of shares exchange	200,000
Shares exchange description	will exchange 200,000 common shares of the Company for the one common share of Asia Grand Will Limited held by Image P2P
Common shares returned	200,000
Amendments Reported [Member]
Common stock, shares authorized							400,000,000
Previously Reported [Member]
Common stock, shares authorized							70,000,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)	Mar. 31, 2019
Accounting Policies [Abstract]
Percentage of assets, liabilities and net income or loss of wholly-owned subsidiaries	100.00%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Identities of Consolidated Subsidiaries (Details)	3 Months Ended
	Mar. 31, 2019USD ($)
Attributable equity interest %	100.00%
Image P2P Trading Group Limited [Member]
Place of incorporation	British Virgin Islands
Attributable equity interest %	100.00%
Authorized capital	$ 50,000

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Foreign Currency Translation (Details)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Spot Rate RMB [Member]
Foreign Currency Exchange Rate, Translation		0.1454	0.159
Average Year RMB [Member]
Foreign Currency Exchange Rate, Translation		0.1514	0.1572
Year End HKD [Member]
Foreign Currency Exchange Rate, Translation	0.129	0.129	0.129
Average Year HKD [Member]
Foreign Currency Exchange Rate, Translation	0.129	0.129	0.129

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 9,329,164		$ 6,483,585
Net loss	2,845,579	$ 246,666
Net cash used in operations		$ (425,661)

Disposal of Subsidiaries (Detai

Disposal of Subsidiaries (Details Narrative) - Business Transfer Agreement and Share Exchange Agreement [Member] - Image P2P Shareholding Group [Member]	Nov. 28, 2018shares
Number of shares exchange	200,000
Shares exchange description	will exchange 200,000 common shares of the Company for the one common share of Asia Grand Will Limited held by Image P2P
Common shares returned	200,000

Disposal of Subsidiaries - Sche

Disposal of Subsidiaries - Schedule of Loss from Discontinued Operations (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Sales		$ 195,731
Cost of sales		201,277
Gross loss		(5,546)
Selling and marketing expenses		22,512
General and administrative expenses		90,603
Operating loss		(118,661)
Government subsidy
Interest income
Other expenses		(52)
Interest expense		(56,561)
Loss before taxes		(175,273)
Income tax expense		(546)
Net loss		$ (175,819)

Disposal of Subsidiaries - Sc_2

Disposal of Subsidiaries - Schedule of Major Classes of Assets and Liabilities (Details)	Nov. 28, 2018USD ($)
Discontinued Operations and Disposal Groups [Abstract]
Cash and cash equivalents	$ 16,332
Accounts receivable, net	26,411
Inventories	26,416
Advances and prepayment to suppliers	64,599
Prepaid taxes and taxes recoverable	93,489
Total Current assets	227,247
Plant and equipment, net	10,328,609
Construction in progress and prepayment for equipment	472,261
Intangible assets, net	443,520
Other assets	132,967
Total Non-current Assets	11,377,356
Short-term bank loans	2,138,455
Long-term bank loans - current portion	431,430
Accounts payable	1,009,386
Accrued liabilities and other payables	1,490,365
Customers advances and deposits	55,165
Due to related parties	4,231,072
Total Current Liabilities	9,355,873
Loans payable	1,658,896
Total Non-current Liabilities	1,658,896
Net assets and liabilities	589,835
Consideration received on disposal
Recycling of accumulated other comprehensive income	368,397
Loss on disposal	$ 958,231

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Share issued for services, value	$ 2,791,800
Operating expenses	53,779	$ 70,667
Amounts due to related party	695,842		$ 642,063
David Po [Member]
Operating expenses	53,779
Amounts due to related party	695,842		$ 642,062
David Po [Member] | December 31, 2019 [Member]
Share issued for services, value	$ 1,029,600
Share issued for services	468,000
Shares issued price per share	$ 2.2
Jonathan Ka Kit Tam [Member] | December 31, 2019 [Member]
Share issued for services, value	$ 52,800
Share issued for services	24,000
Shares issued price per share	$ 2.2

Stockholders' Equity (Deficit)

Stockholders' Equity (Deficit) (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018	May 01, 2017	Feb. 13, 2017
Preferred stock, shares authorized	50,000	50,000	50,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued	50,000	50,000		5,000,000
Preferred stock, shares outstanding	50,000	50,000		5,000,000
Common stock, shares authorized	2,000,000,000	2,000,000,000	3,950,000
Common stock, par value	$ 0.001	$ 0.001	$ 0.001
Share issued for services, value	$ 2,791,800
Common stock, shares issued	508,539,882	507,070,882		395,000,000
Certain Related and Unrelated Parties [Member]
Share issued for services	1,269,000
Certain Related and Unrelated Parties [Member] | December 31, 2019 [Member]
Shares issued price per share	$ 2.2
Share issued for services, value	$ 2,791,800