Jiucaitong (JCTG) 10-K 2 Apr 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Apr. 02, 2018	Jun. 30, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Jiucaitong Group Ltd
Entity Central Index Key	1,610,607
Amendment Flag	false
Trading Symbol	JCTG
Current Fiscal Year End Date	--12-31
Document Type	10-K
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Document Period End Date	Dec. 31, 2017
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 28,105,000
Entity Common Stock, Shares Outstanding		9,110,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 1,941,150	$ 12,924
Restricted cash	184,437
Accounts receivable	522
Other receivable	19,327	177,741
Prepaid expenses	32,298	30,000
Advances to suppliers	49,672	5,760
Due from related parties	75,301	1,668,672
Total current assets	2,302,707	1,895,097
Non-current assets
Security Deposit	72,649
Property, plant and equipment, net	35,333	79,285
Total non-current assets	107,982	79,285
Total assets	2,410,689	1,974,382
Current liabilities
Accrued liabilities		10,773
Other payable	133,093	39,476
Due to related parties	23,682	397,301
Advance from customers	114,191
VAT payable	195,308	81,376
Total current liabilities	466,274	528,926
Total liabilities	466,274	528,926
STOCKHOLDERS' EQUITY
Common Stock, $0.0001 par value, 75,000,000 shares authorized; 9,110,000 and 8,000,000 shares issued and outstanding as of December 31, 2017 and 2016, respectively	911	800
Additional paid-in capital	4,358,269	4,481,999
Accumulated deficit	(1,214,945)	(1,602,256)
Accumulated other comprehensive loss	(1,199,820)	(1,435,087)
Total stockholders' equity	1,944,415	1,445,456
Total liabilities and stockholders' equity	$ 2,410,689	$ 1,974,382

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	75,000,000	75,000,000
Common stock, issued	9,110,000	8,000,000
Common stock, outstanding	9,110,000	8,000,000

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Revenue	$ 1,733,041	$ 1,365,337
Operating expenses:
Selling expenses	232,789	196,168
General and administrative expenses	1,188,268	1,129,923
Total operating expenses	1,421,057	1,326,091
Income from operations	311,984	39,246
Other income (expense):
Other income	95,420	44,219
Other expense	(3,348)	(15,035)
Gain from extinguishment of liability	9,196
Bank charges	(25,941)	(5,534)
Total other income, net	75,327	23,650
Income before taxes	387,311	62,896
Provision for income tax expense
Net income	387,311	62,896
Comprehensive Income (Loss):
Net income	387,311	62,896
Foreign currency translation adjustment	235,267	(915,991)
Comprehensive income (loss)	$ 622,578	$ (853,095)
Earnings (loss) per common share - basic and diluted	$ 0.05	$ (0.01)
Weighted average number of common shares outstanding - basic and diluted	8,231,123	8,000,000

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Total	Common stock	Additional paid-in capital	Accumulated deficit	Accumulated Other Comprehensive income (loss)
Beginning Balance at Dec. 31, 2015	$ 1,483,309	$ 800	$ 3,666,757	$ (1,665,152)	$ (519,096)
Beginning Balance, shares at Dec. 31, 2015		8,000,000
Capital contribution	815,242		815,242
Net income	62,896			62,896
Foreign currency translation adjustment	(915,991)				(915,991)
Ending Balance at Dec. 31, 2016	1,445,456	$ 800	4,481,999	(1,602,256)	(1,435,087)
Ending Balance, shares at Dec. 31, 2016		8,000,000
Capital reduction	(123,619)		$ (123,619)
Reverse merger recapitalization		111	(111)
Reverse merger recapitalization, shares		1,110,000
Net income	387,311			387,311
Foreign currency translation adjustment	235,267				235,267
Ending Balance at Dec. 31, 2017	$ 1,944,415	$ 911	$ 4,358,269	$ (1,214,945)	$ (1,199,820)
Ending Balance, shares at Dec. 31, 2017		9,110,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities:
Net income	$ 387,311	$ 62,896
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	47,626	58,129
Gain from extinguishment of liability	(9,196)
Changes in operating assets and liabilities:
Accounts receivable	(504)
Other receivable	164,627	67,377
Prepaid expenses	(31,206)	(30,000)
Advances to suppliers	(42,054)	(6,020)
Security Deposit	(70,195)
Due from related parties	577,183	(1,447,848)
Due to related parties	13,152	59,703
Advance from customers	110,332
Accrued liabilities	(11,110)	2,213
Other payables	87,885	1,957
Deferred rent		(8,472)
VAT payable	104,786	72,653
Net cash provided by (used in) operating activities	1,328,637	(1,167,412)
Cash flows from investing activities:
Working capital advances made to related parties	(9,632,764)	(67,060,526)
Repayments of working capital advances received from related parties	6,615,379	55,974,375
Net cash used in investing activities	(3,017,385)	(11,086,151)
Cash flows from financing activities:
Working capital advances received from related parties	4,126,053	12,153,548
Repayments of working capital advances received from related parties	(397,600)
Restricted cash	(178,204)
Net cash provided by financing activities	3,550,249	12,153,548
Effect of exchange rate change on cash	66,725	(3,365)
Net change in cash and cash equivalents	1,928,226	(103,380)
Cash and cash equivalents - beginning of period	12,924	116,304
Cash and cash equivalents - end of period	1,941,150	12,924
Supplemental disclosure of cash flow information
Interest paid
Income tax paid
Non-cash investing and financing activities
Fixed assets transferred to related party in exchange of receivable		$ 1,716

Nature of Operations

Nature of Operations	12 Months Ended
	Dec. 31, 2017
Nature of Operations [Abstract]
NATURE OF OPERATIONS	NOTE 1 - NATURE OF OPERATIONS Jiucaitong Group Limited and Subsidiaries (“Jiucaitong” or the “Company”), Nevada Corporation (formerly Spirit International, Inc.), was incorporated on March 10, 2014. Through Beijing Jiucheng Asset Management Co., Ltd. (“Beijing Jiucheng”), the Company operates its business through an electronic online financial platform, www.9caitong.com (“website”). The Company generates revenue from the services that facilitate matching personal loan lender with individual and small and medium sized enterprises (“SME”) borrowers in China. Beijing Jiucheng was incorporated in Beijing, China on January 13, 2012 under the law of People’s Republic of China (“PRC” or “China”). Reverse Merger On August 1, 2017, Beijing Jiucheng IT Consulting Enterprise Co. Ltd. (“Jiucheng Consulting”), a wholly foreign-owned enterprise of I JIU JIU Limited (“I JIU JIU”), obtained the controlling interest of Beijing Jiucheng through a series of contractual arrangements including Equity Pledge Agreement, Exclusive Technical Consultancy and Services Agreement, Exclusive Call Option Agreement, Shareholder Proxy Agreement, and Operating Agreement (the “VIE Agreements”) wherein Beijing Jiucheng is considered as a variable interest entity (“VIE”). On November 10, 2017, Jiucaitong, I JIU JIU Limited (“I JIU JIU”), the holding company of Ruixiang Technology Group,Ltd. (“Rui Xiang”), and the shareholders of I JIU JIU entered into the Share Exchange Agreement, which closed on the same date. Pursuant to the terms of the Share Exchange Agreement, Jiucaitong exchanged 8,000,000 shares of their common stock for all of the outstanding capital stock of I JIU JIU with the result that I JIU JIU became a wholly owned subsidiary of Jiucaitong. Pursuant to the Merger, all of the issued and outstanding shares of I JIU JIU common stock were converted, at an exchange ratio of 160-for-1, into an aggregate of 8,000,000 shares of Spirit International Inc. common stock and I JIU JIU became a wholly owned subsidiary of Spirit International Inc. The holders of Spirit International Inc’s common stock as of immediately prior to the Merger held an aggregate of 5,110,000 shares and in connection with the Share Exchange Agreement, the Company’s majority shareholder, Kimho Consultants Company Limited, (“Kimho” or the “Majority Shareholder”) entered into a share cancellation agreement with I JIU JIU’s stockholders whereby Kimho, owning an aggregate of 4,000,000 shares of the Company’s Common Stock agreed to cancel all its 4,000,000 shares of Common Stock in exchange of $440,000 paid by I JIU JIU’s stockholders (“Share Cancellation”). The accompanying financial statements share and per share information has been retroactively adjusted to reflect the exchange ratio in the Merger. Subsequent to the Merger, Spirit International Inc’s name was changed from “Spirit International, Inc.” to “Jiucaitong Group Limited.”. Under generally accepted accounting principles in the United States, (“U.S. GAAP”) because I JIU JIU’s former stockholders received the greater portion of the voting rights in the combined entity and I JIU JIU’s senior management represents all of the senior management of the combined entity, the Merger was accounted for as a recapitalization effected by a share exchange, wherein I JIU JIU is considered the acquirer for accounting and financial reporting purposes. The assets and liabilities of I JIU JIU, its wholly-owned subsidiaries and Beijing Jiucheng have been brought forward at their book value and no goodwill has been recognized. Accordingly, the assets and liabilities and the historical operations that are reflected in the Company’s consolidated financial statements are those of I JIU JIU, its wholly-owned subsidiaries and Beijing Jiucheng and are recorded at their historical cost basis. Unless otherwise indicated or the context otherwise requires, references to “the Company” refer to Jiucaitong Group Limited and Subsidiaries. Disclosures relating to the pre-merger business of I JIU JIU, unless noted as being the business of Spirit International, Inc., prior to the Merger, pertain to the business of I JIU JIU prior to the Merger.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company’s financial statements are expressed in U.S. dollars. Basis of Consolidation The consolidated financial statements include the financial statements of the Company, its wholly-owned subsidiaries, I JIU JIU, Ruixiang, Jiucheng Consulting and its VIE, Beijing Jiucheng. All inter-company transactions and balances have been eliminated upon consolidation. Use of Estimates and Assumptions The preparation of financial statements in conformity with generally accepted accounting principles 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 period. Actual results could differ from those estimates. Significant estimates during the years ended December 31, 2017 and 2016 include the allowance for doubtful accounts, the useful life of property and equipment, assumptions used in assessing impairment of long-term assets, valuation of deferred tax assets and accruals for taxes due. Financial Instrument The carrying amount reported in the consolidated balance sheet for cash, accounts receivable, other receivables, accrued liabilities and other payables approximate fair value because of the immediate or short-term maturity of these financial instruments. Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. The Company maintains with various financial institutions in the PRC. At December 31, 2017 and 2016, cash balances held in PRC banks are uninsured. The Company has not experienced any losses in bank accounts and believes it is not exposed to any risks on its cash in bank accounts. Restricted Cash Cash that is deposited in the bank but restricted for a specific purpose and therefore not available for immediate and general use by the Company is classified as restricted cash, which is presented separately from cash and cash equivalents on the consolidated balance sheets. The deposited balance is included in the Company’s bank account for guarantee of certain business purpose under an agreement until being used for the designated purpose or withdrawn due to expiration of the guarantee. As of December 31, 2017 and 2016, the Company had a restricted cash balance of $184,437 and $-, respectively. Property and Equipment Property and equipment are stated at cost less accumulated depreciation and impairment losses. Gains or losses on dispositions of property and equipment are included in operating income (loss). Major additions, renewals and improvements are capitalized, while maintenance and repairs are expensed as incurred. Depreciation and amortization are provided over the estimated useful lives of the assets using the straight-line method from the time the assets are placed in service. Estimated useful lives are as follows, taking into account the assets’ estimated residual value: Classification Estimated useful life Computer and office equipment 3 years Furniture 3 years Vehicles 3 years Advances from Customers Advances from customers at December 31, 2017 and 2016 amounted to $114,191 and $-0-, respectively, and consist of prepayments from customers for services that have not been performed. The Company will recognize the deposits as revenue when the services have been performed in accordance with the Company’s revenue recognition policy. Earnings per Share Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income by the weighted-average number of common shares and dilutive potential common shares outstanding during the period. As of December 31, 2017 and 2016, respectively, there were no outstanding securities or other contracts to issue common stock, such as options, warrants or conversion rights, which would have a dilutive effect on earnings per share. Revenue Recognition The Company provides intermediary services to the personal loan borrowers and the financial products investors. The Company charges fees for the intermediary services to the personal loan borrowers. Prior to July 2017, the revenue process started when an individual who had financing needs submited the loan application to Beijing Hengjiu Investment Management Co., Ltd. (“Hengjiu”). Hengjiu, along with its sub-contractor, Zhongcheng Zhengxin (Beijing) Co., Ltd. (“Zhongcheng Zhengxin”), provided financial consulting services such as loan origination criteria checkup, risk assessment, and assessment/evaluation of vehicle collateral. Hengjiu is a related party which was 75% owned by Jiuyuan Investment Co., Ltd. (“Jiuyuan”), a shareholder of Beijing Jiucheng, and 25% owned by Xiangbin Meng, the Company’s Chairman. Zhongcheng Zhengxin is a third party who provides credit assessment services. Upon completion of the background check, Xiangbin Meng (“Meng”), the maker of the loan, entered into the loan agreement with the qualified loan borrowers and initiated the transfer of the cash to the borrowers or borrowers’ agents. The loan usually matures in three months and using borrowers’ vehicle as collateral. After the borrowers received the fund transfer, the Company then packaged the debt claims of Meng into corresponding financial products and placed in its physical stores or on its on-line platform for sale. Investors of those financial products were able to choose the financial products that met their needs. Meng transfered his debt upon signing the debt transfer agreement with the financial products investors. The services were originally provided in physical stores in Beijing, Baoding, Hebei province and Weihai, Shandong province. Since April 2016, Beijing Jiucheng started to move majority of the business to its financial advisory on-line platform, Jiucaitong (www.9caitong.com). As less labor was required, in June 2016, Beijing Jiucheng shut down the physical stores in Baoding and Weihai. Meng was responsible for making the loans, transferring the funds to the borrowers and collecting the service fees on behalf of all parties involved. Meng collected a portion of the service fees upfront and the rest on a monthly basis over the term of the loan from loan borrowers. The Company recognizes revenue, net of value-added taxes in the periods in which the related services were performed provided that persuasive evidence of an arrangement exists, the amount of the service fee is fixed in the loan agreements, and collectability is reasonably assured. The revenue was recognized when the loan agreements were executed and the funds were transferred to the loan borrowers, based on the predetermined service fee percentage of the total loan principal over the term of the loan. According to the service fee allocation agreement, Beijing Jiucheng was entitled to a service fee of 1% of the loan principal per month before July 1, 2016 and 1.5% per month effective July 1, 2016 and thereafter as Beijing Jiucheng increased the loan management and risk assessment services that were originally done by Beijing Hengjiu since May 2016. Since July 2017, the Company officially launched the bank depository system and is providing intermediary services for all registered users, including consultation, information and all kinds of delegation service. The Company started to charge the service fee from the amount borrowed by the borrower at the difference between the borrowers’ actual rate and the investors’ yield rate. Upon launching of the bank depository system, Meng no longer serves as the maker of the loan. The borrowers and investors enter the loan agreements directly with the online platform, Jiucaitong. Since December 2017, the online platform also provides loan intermediary services to the restaurant owners which operate the same as the rest of the borrowers except for that the restaurant owners use restaurants as collateral. Allowance for Doubtful Accounts Service fee receivable is recorded and carried at the original invoiced amount less an allowance for any potential uncollectible amounts. The Company makes estimates for the allowance for doubtful accounts based upon the assessment of various factors, including historical, experience, the age of the accounts receivable balances, credit quality of the loan borrowers, current economic conditions, and other factors that may affect the borrowers’ ability to pay. No allowance has been provided for at December 31, 2017 and 2016 as the service fees have been fully collected from the loan borrowers during the respective years or subsequently. Advertising Expense The Company expenses advertising costs as they incurred. Total advertising expenses were $73,042 and $102,624 for the years ended December 31, 2017 and 2016, respectively, and have been included as part of selling expenses. Value-added Taxes Pursuant to the PRC tax laws, in case of the financial services provided, generally the value added tax (“VAT”) rate is 3% of the gross sales for small scale VAT payer and 6% of the gross sales for general VAT payer. The accrued VAT is recorded as VAT payables in the financial statements. VAT is reported as a deduction to revenue when incurred. Income Taxes The Company accounts for income taxes in accordance with U.S. GAAP for income taxes. Under the asset and liability method as required by this accounting standard, the recognition of deferred income tax liabilities and assets for the expected future tax consequences of temporary differences between the income tax basis and financial reporting basis of assets and liabilities. Provision for income taxes consists of taxes currently due plus deferred taxes. The charge for taxation is based on the results for the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred taxes are accounted for using the asset and liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the consolidated financial statements and the corresponding tax basis used in the computation of assessable tax profit. Deferred tax liabilities are recognized for all future taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable income will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the operations of statement, except when it is related to items credited or charged directly to equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. On December 22, 2017, the Tax Cuts and Jobs Act (the “Tax Act”) was enacted by the U.S. government which included a wide range of tax reform affecting businesses including the corporate tax rates, international tax provisions, tax credits and deduction with majority of the tax provision effective after December 31, 2017. Certain activities conducted in foreign jurisdictions may result in the imposition of U.S. corporate income taxes on the Company when its subsidiaries, controlled foreign corporations (“CFCs”), generate income that is subject to Subpart F or GILTI under the U.S. Internal Revenue Code beginning after December 31, 2017. An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. As of December 31, 2017 and 2016, the Company had no uncertain tax positions, and will continue to evaluate for uncertain positions in the future Foreign Currency Translation The functional currency of the Company’s operations in the PRC is the Chinese Yuan or Renminbi (“RMB”). The financial statements are translated to U.S. dollars using the period end rates of exchange for assets and liabilities, equity is translated at historical exchange rates, and average rates of exchange (for the period) are used for revenues and expenses and cash flows. As a result, amounts relating to assets and liabilities reported on the statements of cash flows may not necessarily agree with the changes in the corresponding balances on the balance sheets. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive income / loss. Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. All of the Company’s revenue transactions are transacted in its functional currency. The Company does not enter into any material transaction in foreign currencies. Transaction gains or losses have not had, and are not expected to have, a material effect on the results of operations of the Company. Asset and liability accounts at December 31, 2017 and 2016 were translated at 6.5063 RMB to $1.00 and at 6.9445 RMB to $1.00, respectively, which were the exchange rates on the balance sheet dates. Equity accounts were stated at their historical rates. The average translation rates applied to the statements of operations for the years ended December 31, 2017 and 2016 were 6.7338 RMB and 6.6444 RMB to $1.00, respectively. Cash flows from the Company’s operations are calculated based upon the local currencies using the average translation rate. Credit Risk and Concentration The Company’s financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash and cash equivalents. The majority of cash equivalents consists of short-term money market funds, which are managed by reputable financial institutions. The Company performs ongoing credit evaluations of borrowers, and generally do not require additional collateral except for personal vehicles. No borrowers represented 10% or more of total revenue during the years ended December 31, 2017 and 2016. Comprehensive Income (Loss) Other comprehensive income (loss) refers to revenues, expenses, gains and losses that under generally accepted accounting principles are included in comprehensive income (loss) but are excluded from net income (loss) as these amounts are recorded directly as an adjustment to stockholders’ equity. The Company’s other comprehensive income (loss) is comprised of foreign currency translation adjustments. Fair Value Measurements The Company applies the provisions of ASC Subtopic 820-10,” Fair Value Measurements”, for fair value measurements of financial assets and financial liabilities and for fair value measurements of non-financial items that are recognized or disclosed at fair value in the financial statements. ASC 820 also establishes a framework for measuring fair value and expands disclosures about fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability. ASC 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes three levels of inputs that may be used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: ☐ Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ☐ Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. ☐ Level 3 inputs to the valuation methodology are unobservable and significant to the fair value. There were no assets or liabilities measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 as of December 31, 2017 and 2016. Related Parties A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party. Recent Accounting Pronouncements Recently issued accounting pronouncements not yet adopted Revenue Recognition: Revenue from Contracts with Customers: Topic Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) Leases: Statement of Cash Flows: The Company does not expect that the adoption of this guidance will have a material impact on its interim condensed consolidated financial statements. Statement of Cash Flows: Business Combination Business Combinations (Topic 805): Clarifying the Definition of a Business Revenue Recognition and Leases: Except for the ASU above, in the period from February 2018 through March 2018, the FASB has issued ASU No. 2018-02 through ASU 2018-04, which are not expected to have a material impact on the consolidated financial statements upon adoption.

Other Receivable

Other Receivable	12 Months Ended
	Dec. 31, 2017
Other Receivable [Abstract]
OTHER RECEIVABLE	NOTE 3 – OTHER RECEIVABLE Other receivable consists of deposits and advances made to employees and other third parties to pay for operating expenses, such as property maintenance, water and sewer, and telephone bills. Other receivable as of December 31, 2017 and 2016 were $19,327 and $177,741, respectively.

Security Deposit

Security Deposit	12 Months Ended
	Dec. 31, 2017
Security Deposit [Abstract]
SECURITY DEPOSIT	NOTE 4 – SECURITY DEPOSIT Pursuant to the terms of the Jinchangan Lease agreement, Beijing Jiucheng agreed to pay three months of rent and maintenance fee as security deposit for a total of RMB 472,678 (approximately $72,649). Beijing Jiucheng classified the security deposit as long term asset on the consolidated balance sheets as the lease expires on May 21, 2019.

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2017
Property and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 5 - PROPERTY AND EQUIPMENT Property and equipment consist of the following: December 31, December 31, 2017 2016 Office furniture $ 24,155 $ 39,286 Computer and office equipment 41,932 22,631 Vehicle 110,743 103,755 Total property and equipment 176,830 165,672 Less: accumulated depreciation (141,497 ) (86,387 ) Total $ 35,333 $ 79,285 Total depreciation expenses for the years ended December 31, 2017 and 2016 were $47,626 and $58,129, respectively. During the year ended December 31, 2016, the Company transferred office equipment in the net book value of $1,716 to Huijin Information Consulting Co., Ltd., a related party in exchange of receivable of $1,716. The Company did not capitalize the costs associated with building the online financial platform as the costs were not nominal.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 6 - RELATED PARTY TRANSACTIONS The following is a list of related parties to which the Company has transactions with: (a) Xiangbin Meng (“Meng”), the Company’s Chairman and a shareholder of Beijing Jiucheng; (b) Jiuyuan Investment Co., Ltd. (“Jiuyuan”), a shareholder of Beijing Jiucheng; (c) Beijing JiuCheng Huijin Information Consulting Co., Ltd (“Jiucheng Huijin”), an affiliated Company; (d) Yasheng International Investment Ltd. (“Yasheng”), a former shareholder of Beijing Jiucheng; (e) Beijing Jiuyuan Investment Share Holding Co., Ltd (“Beijing Jiuyuan”), an affiliated Company; (f) Beijing Jiuxiang Financing Lease Co., Ltd. (“Jiuxiang”), an affiliated Company. (g) Beijing Hengjiu Investment Management Co.,Ltd (“Beijing Hengjiu”), an affiliated Company (h) Yangming Development Limited (“Yangming”), a shareholder of the Company Amount due from related parties: Amount due from related parties consisted of the following as of: December 31, December 31, Xiangbin Meng – Fees Receivable $ 3,444 $ 1,877,130 Xiangbin Meng – Other - 11,311,447 Jiuyuan 20,204 - Beijing Hengjiu 51,653 - Due from Related Party – Contra Equity - (11,519,905 ) Total $ 75,301 $ 1,668,672 The Company made several advances to Meng from paid-in capital for operation use of other affiliated companies owned by him. During the years ended December 31, 2017 and 2016, the Company made advances to Meng for working capital totaled $1,014,468 and $15,080,744, respectively and received repayments totaled $0 and $15,080,337, respectively. As of December 31, 2017, and 2016, amount due from Meng was $-0- and $11,311,447, respectively. These advances are due on demand, unsecured and non-interest bearing. Prior to July 2017, Meng collected the service fees from the loan borrowers on behalf of the Company, Zhongcheng Zhengxin, and Hengjiu. Meng then distributed to each party in accordance to the predetermined service fees percentage. As of December 31, 2017 and 2016, amount due from Meng for service revenue collected by Meng on the Company’s behalf and not yet distribute to the Company was $3,444 and $1,877,130, respectively. Beijing Jiucheng is 70% owned by Jiuyuan. From time to time, the Company and Jiuyuan paid general and administrative expenses for each other. During the years ended December 31, 2017 and 2016, Jiuyuan paid on behalf of the Company for working capital totaled $28,066 and $64,171, respectively. The Company made advances to Jiuyuan for working capital totaled $9,575,951 and $51,979,782, respectively, and received repayments totaled $5,600,911 and $40,894,038, respectively. The Company received advances from Jiuyuan for working capital totaled $4,119,148 and $12,153,358, respectively and made repayments totaled $397,600 and $-0-, respectively. The Company has substantially reduced the related party transactions and gradually stopped payments on others’ behalves in 2017. As of December 31, 2017, the Company has an amount due from Jiuyuan of $20,204 and as of December 31, 2016, the Company has an amount due to Jiuyuan of $378,950. Beijing Hengjiu is 75% owned by Jiuyuan and 25% owned by Meng. During the years ended December 31, 2017 and 2016, the Company made advances to Beijing Hengjiu for working capital totaled $56,813 and $-0-, respectively. The Company received advances from Beijing Hengjiu totaled $6,905 and $-0-, respectively. Beijing Jiucheng has reclassified the amounts due from Meng of $11,519,905 as contra-equity account at December 31, 2016. On February 15, 2017, Beijing Jiucheng reduced the contributed capital. In addition, a debt transfer agreement was entered into between Meng and Jiuyuan on February 28, 2017 and a debt offset agreement was entered into between Beijing Jiucheng and Meng on the same date. As a result of the capital reduction, the debt offset agreement and repayment received, the amount due from related parties, Meng under the contra-equity account was reduced by $11,519,905 during the first quarter ended March 31, 2017 (see Note 10 for detail). As the result of the reverse merger, Beijing Jiucheng’s paid-in-capital account and contra-equity account were retrospectively adjusted to reflect the legal capital after the merger. The total amount due from related parties was $75,301 and $1,668,672 as of December 31, 2017 and 2016, respectively. Amount due to related parties Amount due to related parties consisted of the following as of: December 31, December 31, Jiuyuan $ - $ 378,950 Yasheng - 8,917 Jiucheng Huijin 10,199 5,867 Beijing Jiuyuan 2,460 2,304 Jiuxiang 6,087 1,263 Yangming 4,936 - Total $ 23,682 $ 397,301 Yasheng paid general and administrative expense on behalf of Beijing Jiucheng. As of December 31, 2016, the Company recorded $8,917 due to Yasheng. Yasheng was closed in 2017 and the Company no longer need to pay the debt. The Company recorded a gain from extinguishment of liability in the amount of $9,196 as of December 31, 2017 accordingly. Jiucheng Huijin is 30% owned by Meng. From time to time, Jiucheng Huijin paid general and administrative expenses on behalf of the Company. As of December 31, 2016, the Company has a payable due to Jiucheng Huijin amounted to $49,066. The amount was partially offset by receivable from vehicle leasing income incurred in 2016. On June 30, 2016, Jiucheng Huijin and the Company entered a contract to lease two vehicles from the Company. The contract started on June 30, 2016 and expired on June 30, 2017. After the expiration, the lease has been renewed month by month. Pursuant to the terms of the contract, Jiucheng Huijin has agreed to pay a monthly rental fee of RMB 25,000 (approximately $3,600) per vehicle. The Company has a rental fee receivable of approximately $10,199 and $43,200 at December 31, 2017 and 2016 due from Jiucheng Huijin. As of December 31, 2017 and 2016, the Company recorded $10,199 and $5,867 due to Jiucheng Huijin, respectively. Beijing Jiuyuan is 51% owned by Meng. On October 21, 2015, Beijing Jiuyuan entered into a six-year lease (“Chaoyang Lease”) and the lease was subsequently transferred to Jiuxiang on August 12, 2016. The Company shares the office space with Beijing Jiuyuan and three other affiliated companies under the Chaoyang Lease. The rent expense allocated to the Company each month is in accordance to the number of employees occupied in the office space. As of December 31, 2017 and 2016, amounts due to Beijing Jiuyuan related to rent expense were $2,460 and $2,304, respectively. Jiuxiang is 75% owned by Jiuyuan. As mentioned above, Jiuxiang took over the lease since August 12, 2016. As of December 31, 2017 and 2016, the Company recorded $6,087 and $1,263 due to Jiuxiang, respectively, for the rent expense. Yangming owns 26.3% of the Company. During the year ended December 31, 2017, Yangming paid $4,936 general and administrative expenses on behalf of the Company. For fiscal years 2017 and 2016, due to (from) related party activities consisted of the following: Jiuyuan Meng Meng - Receivable Yasheng Jiucheng Huijin Beijing Jiuyuan Jiuxiang Beijing Hengjiu Yangming Total Balance due (from) to related parties, December 31, 2015 $ (753,743 ) $ (12,112,907 ) $ (526,654 ) $ 9,548 $ 16,243 $ - $ - $ - $ - $ (13,367,513 ) Operating activities - Due from related parties - - (1,447,848 ) - - - - - - (1,447,848 ) Operating activities - Due to related parties 64,171 - - - (8,197 ) 2,409 1,320 - - 59,703 Investing activities - Working capital advances to related parties (51,979,782 ) (15,080,744 ) - - - - - - - (67,060,526 ) Investing activities - Repayments from related parties 40,894,038 15,080,337 - - - - - - - 55,974,375 Financing activities - Advances from related parties 12,153,358 - - - 190 - - - - 12,153,548 Fixed assets transferred to related party in exchange of receivable - - - - (1,716 ) - - - - (1,716 ) Effect of foreign currency exchange 908 801,867 97,372 (631 ) (653 ) (105 ) (57 ) - - 898,701 Balance due (from) to related parties, December 31, 2016 $ 378,950 $ (11,311,447 ) $ (1,877,130 ) $ 8,917 $ 5,867 $ 2,304 $ 1,263 $ - $ - $ (12,791,276 ) Operating activities - Due from related parties 28,066 - 683,449 - - - - - - 711,515 Operating activities - Due to related parties - - - - 3,804 - 4,579 - 4,769 13,152 Investing activities - Working capital advances to related parties (9,575,951 ) - - - - - - (56,813 ) - (9,632,764 ) Investing activities - Repayments from related parties 5,600,911 1,014,468 - - - - - - - 6,615,379 Financing activities - Advances from related parties 4,119,148 - - - - - - 6,905 - 4,126,053 Financing activities - Repayments made to related parties (397,600 ) - - - - - - - - (397,600 ) Other Non-cash Transactions (134,332 ) - - (9,196 ) - - - - - (143,528 ) Non-cash Capital reduction 8,316,202 3,564,087 - - - - - - - 11,880,289 Debt transfers pursuant to debt transfer agreement (8,366,771 ) 7,117,694 1,249,077 - - - - - - - Effect of foreign currency exchange 11,173 (384,802 ) (58,840 ) 279 528 156 245 (1,745 ) 167 (432,839 ) Balance due (from) to related parties, December 31, 2017 $ (20,204 ) $ - $ (3,444 ) $ - $ 10,199 $ 2,460 $ 6,087 $ (51,653 ) $ 4,936 $ (51,619 )

Other Payable

Other Payable	12 Months Ended
	Dec. 31, 2017
Other Payable [Abstract]
OTHER PAYABLE	NOTE 7 – OTHER PAYABLE Other payable consists of the following as of December 31, 2017 and 2016: December 31, December 31, Social security and provident fund payable $ 44,254 $ 5,554 Salary payable 64,653 24,048 Other levies 24,186 9,874 Total $ 133,093 $ 39,476

VAT Payable

VAT Payable	12 Months Ended
	Dec. 31, 2017
VAT Payable [Abstract]
VAT PAYABLE	NOTE 8 – VAT PAYABLE The Company’s VAT payable consists of 6% on the revenue generated and 3% on the other income generated from car leasing. VAT payable as of December 31, 2017 and 2016 were $195,308 and $81,376, respectively. The Company is currently reviewing its historical VAT tax returns and will make appropriate amendments where applicable. The VAT payable has been properly accrued for based on the required VAT rate as of December 31, 2017 and 2016.

Statutory Reserve

Statutory Reserve	12 Months Ended
	Dec. 31, 2017
Statutory Reserve [Abstract]
STATUTORY RESERVE	NOTE 9 - STATUTORY RESERVE Pursuant to the laws applicable to the PRC, PRC entities must make appropriations from after-tax profit to the non-distributable “statutory surplus reserve fund”. Subject to certain cumulative limits, the “statutory surplus reserve fund” requires annual appropriations of 10% of after-tax profit until the aggregated appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC (“PRC GAAP”) at each year-end). The Company did not make appropriations to statutory reserve as of December 31, 2016 as the Company is able to use the current period (2017) net income after tax to offset against the accumulate loss from prior periods.

Equity Transactions

Equity Transactions	12 Months Ended
	Dec. 31, 2017
Equity Transactions [Abstract]
EQUITY TRANSACTIONS	NOTE 10 - EQUITY TRANSACTIONS Capital reduction of VIE, Beijing Jiucheng Upon formation, Meng contributed RMB 30,000,000 ($4,800,811) and Jiuyuan contributed RMB 70,000,000 ($11,201,893) for a total of RMB 100,000,000 ($16,002,704) to Beijing Jiucheng. As Beijing Jiucheng’s main revenue source is from intermediary services and management was not anticipating to make significant capital expenditures, on February 15, 2017, the Board of directors of Beijing Jiucheng proposed to reduce the capital. Upon approval by the majority shareholders and Board of Directors of Beijing Jiucheng, on February 15, 2017, Beijing Jiucheng reduced the contributed capital from RMB 100,000,000 ($16,002,704) to RMB 20,000,000 ($4,482,800). Beijing Jiucheng has obtained the new business license reflecting the change. Capital reduction made subsequent to December 31, 2016 for the two shareholders are as follows: In RMB: Formation Capital Reduction After Reduction Ownership Meng 30,000,000 (24,000,000 ) 6,000,000 30 % Jiuyuan 70,000,000 (56,000,000 ) 14,000,000 70 % 100,000,000 (80,000,000 ) 20,000,000 100 % In USD: Formation Capital Reduction After Reduction Ownership Meng 4,800,811 (3,455,971 ) 1,344,840 30 % Jiuyuan 11,201,893 (8,063,934 ) 3,137,959 70 % 16,002,704 (11,519,905 ) 4,482,799 100 % A debt transfer agreement was signed between Meng and Jiuyuan on February 28, 2017. Pursuant to the terms of the agreement, Jiuyuan agreed to transfer to Meng a total of RMB 56,340,519 ($8,112,967) owed by Beijing Jiucheng. On February 28, 2017, a debt offset agreement was signed between Beijing Jiucheng and Meng and pursuant to the terms of this agreement, the amount due to Jiuyuan which was transferred to Meng plus Meng’s portion of the capital reduction were offset by the amount due from Meng. As a result of the capital reduction, the debt offset agreement and repayment received, the amount due from related parties, Meng that was reclassified as contra-equity account at December 31, 2016 has been repaid and reduced to zero by $11,519,905 during the first quarter ended March 31, 2017. Subscription receivable of the subsidiaries’ paid in capital As of December 31, 2017, and 2016, the subscription receivable of the subsidiaries’ paid in capital (I JIU JIU and Ruixiang) was $51,289. Reverse merger On November 10, 2017, Jiucaitong, I JIU JIU Limited (“I JIU JIU”), the holding company of Ruixiang Technology Group,Ltd. (“Rui Xiang”), and the shareholders of I JIU JIU entered into the Share Exchange Agreement, which closed on the same date. Pursuant to the terms of the Share Exchange Agreement, Jiucaitong exchanged 8,000,000 shares of their common stock for all of the outstanding capital stock of I JIU JIU with the result that I JIU JIU became a wholly owned subsidiary of Jiucaitong. Pursuant to the Merger, all of the issued and outstanding shares of I JIU JIU common stock were converted, at an exchange ratio of 160-for-1, into an aggregate of 8,000,000 shares of the Company or Jiucaitong, formerly known as Spirit International Inc. common stock and I JIU JIU became a wholly owned subsidiary of the Company or Jiucaitong. The holders of the Company’s common stock as of immediately prior to the Merger held an aggregate of 5,110,000 shares and in connection with the Share Exchange Agreement, the Company’s former majority shareholder, Kimho Consultants Company Limited, (“Kimho” or the “Majority Shareholder”) entered into a share cancellation agreement with I JIU JIU’s stockholders whereby Kimho, owning an aggregate of 4,000,000 shares of the Company’s Common Stock agreed to cancel all its 4,000,000 shares of Common Stock in exchange of $440,000 paid by I JIU JIU’s stockholders (“Share Cancellation”). The common stocks as of December 31, 2017 were 9,110,000 shares.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Taxes [Abstract]
INCOME TAXES	NOTE 11 - INCOME TAXES The Company’s income tax is primarily governed by the Income Tax Law of the PRC and the U.S. Internal Revenue Code of 1986, as amended. United States of America As of December 31, 2017 and 2016, the Company in the United States had an estimated $64,777 and $59,678 in net operating loss carry forwards available to offset future taxable income, respectively. Federal net operating losses can generally be carried forward twenty years. The Company believes that it is more likely than not that these net accumulated operating losses will not be utilized in the future. Therefore, the Company has provided full valuation allowance for the estimated deferred tax assets arising from the losses at US during the year ended December 31, 2017 and 2016, amounting to $13,603 and $20,291, respectively. Accordingly, the Company has no net deferred tax assets under the US entity. The United States tax reform bill that Congress voted to approve December 20, 2017, also known as the “Tax Cuts and Jobs Act”, made sweeping modifications to the Internal Revenue code, including a much lower corporate tax rate, changes to credits and deductions, and a move to a territorial system for corporations that have overseas earnings. The Tax Cuts and Jobs Act replaced the prior-law graduated corporate tax rate, which taxed income over $10 million at 35%, with a flat rate of 21%. The Company has not reviewed all of the changes the Tax Cuts and Jobs Act that will apply to the Company, but is currently reviewing such changes. Due to the continuing loss position of the Company, management believes such changes should not be material. The Company has not reviewed all of the changes the “Tax Cuts and Jobs Act” that will apply to the Company, but is reviewing such changes. Due to the continuing loss position of the Company, Management believes such changes should not be material. British Virgin Islands (BVI) I JIU JIU is a company incorporated in BVI. Under the current BVI laws, I JIU JIU is not subject to tax on income or capital gain. Hong Kong The provision for current income taxes of the subsidiary operating in Hong Kong has been calculated by applying the current rate of taxation of 16.5% for the year ended December 31, 2017 and 2016, if applicable. Under the Income Tax Laws of PRC, Chinese companies are generally subject to an income tax at an effective rate of 25% on income reported in the statutory financial statements after appropriate tax adjustments. Beijing Jiucheng and Jiucheng Consulting are subject to the statutory rate of 25%. The Company has a cumulative deficit from its PRC subsidiaries of approximately $1,213,040 and $1,602,256 as of December 31, 2017 and 2016, respectively, which are included in the consolidated accumulated deficit. As of December 31, 2017, the Company had an estimated U.S. federal net operating loss carryforwards of approximately $13,603 that will expire, if not utilized, through 2037. As of December 31, 2017 and 2016, the Company had an estimated PRC net operating loss carryforwards of approximately $1,213,040 and $1,602,256, respectively, which are available to offset future taxable income, respectively. According to PRC tax regulations, the PRC net operating loss can generally be carried forward for no longer than five years starting from the year subsequent to the year in which the loss was incurred. Carryback of losses is not permitted. The Company believes that it is more likely than not that these net accumulated operating losses will not be utilized in the future. Therefore, the Company has provided full valuation allowance for the deferred tax assets arising from the losses during the years ended December 31, 2017 and 2016, amounting to $303,260 and $400,564 respectively. Accordingly, the Company has no net deferred tax assets. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The cumulative tax effect at the expected rate of 25% in PRC and 3% in US of significant items comprising the net deferred tax amount is at December 31, 2017 and 2016 as follows: 2017 2016 Deferred tax assets: Timing differences of advertisement expense $ — $ 16,265 Net operating losses in US 13,603 20,291 Net operating losses in PRC 303,260 400,564 Total deferred tax assets 316,863 437,120 Less: valuation allowance (316,863 ) (437,120 ) Deferred tax assets, net $ — $ — Deferred tax liabilities: $ — $ — Total deferred tax liabilities $ — $ — Significant components of income tax expense for the years ended December 31, 2017 and 2016 are as follows: For the For the year year ended ended December 31, December 31, 2017 2016 Current tax expense $ - $ - Deferred tax expense - - Benefits of operating loss carryforwards - - Tax expense (benefit) $ - $ - The Company is in the process of reviewing prior years’ tax returns filed (Income Tax Laws of PRC) and may amend such filings, based upon the conclusion of the review process. Therefore, deferred tax assets amounts maybe adjusted accordingly. Tax Law of the PRC On April 30, 2009, the Ministry of Finance and the State Administration of Taxation (the "SAT") jointly issued the Notice on Certain Issues of Corporate Income Tax Treatment of Enterprise Reorganizations (the "Notice"), Cai Shui (2009) No. 59. The Notice provides corporate income tax treatment of various types of reorganizations including debt restructurings, acquisitions of equity, acquisitions of assets, mergers, and de-mergers. On July 26, 2010, the SAT issued the Measures on Administration of Corporate Income Tax Concerning Enterprise Reorganizations (the "Measures"), SAT Public Notice [2010] No. 4. The Measures are implemented from January 1, 2010, and they have clarified some tax rules provided in the Notice and set forth guidance for documentation and filings for reorganization. Limitation on Use of Net Operating Losses in Mergers The Company has not at the date of the report reviewed the Limitation on Use of Net Operating Losses in Mergers, but has provided a full valuation allowance for the deferred tax assets. Such, Net Operating Losses maybe limited, based on the Tax Law of the PRC.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 12 - COMMITMENTS AND CONTINGENCIES Operating Leases The Company shares its principal office with four other affiliated companies in Chaoyang, Beijing. On October 21, 2015, the Company entered into a six-year lease (“Chaoyang Lease”) and the lease was subsequently transferred to Jiuxiang on August 12, 2016. The Chaoyang Lease started on October 21, 2015 and expires on October 20, 2021. Pursuant to the terms of the lease, Jiuxiang has agreed to pay a monthly rent of RMB 491,168 (approximately $74,000) for the first three years and RMB 540,534 (approximately $81,000) for the remaining three years. The Company recognizes rent expense on a straight-line basis over the terms of the leases. The rent expense allocated to Beijing the Company each month is in accordance to the number of employees occupied in the office space. The Company operates its business in an office located at Xizhimen, Beijing, China. The Company entered into a lease agreement (“Xizhimen Lease”) on January 1, 2015 pursuant to which the Company agreed to pay $24,000 per month and the lease expired on May 31, 2017. On May 22, 2017, the Company entered into another operating lease agreement in Beijing as the successor of the Xizhimen Lease. Pursuant to the terms of the agreement, the lease started from May 22, 2017 and expires on May 21, 2019 and the Company agreed to pay monthly rent of RMB 142,241 (approximately $20,000) from June 22, 2017 to May 21, 2019 with the first month rent free and monthly maintenance fee of RMB 15,318 (approximately $2,200) from May 21, 2017 to May 21, 2019. The Company recognizes rent expense and maintenance fee on a straight-line basis over the terms of the lease. As of December 31, 2017, the Company was obligated under operating leases minimum rentals as follows: Allocated Lease * Non-Cancellable Lease ** Total 2018 $ 4,245 $ 279,666 $ 283,911 2019 4,245 109,009 113,254 2020 4,245 - 4,245 2021 3,538 - 3,538 2022 - - - Total minimum lease payments $ 16,273 $ 388,675 $ 404,948 * - These are the Company’s portion of minimum lease payments allocated by the Company’s affiliated company, Jiuxiang, the leasee. ** - These are the minimum lease payments under the non-cancellable lease entered with a third party.

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2017
Subsequent Event [Abstract]
SUBSEQUENT EVENT	NOTE 13 - SUBSEQUENT EVENT The Company has evaluated subsequent events through the date of issuance of this consolidated financial statements and does not identify events with material financial impact on the consolidated financial statements.

Basis of Presentation and Sum20

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America. This basis of accounting involves the application of accrual accounting and consequently, revenues and gains are recognized when earned, and expenses and losses are recognized when incurred. The Company’s financial statements are expressed in U.S. dollars.
Basis of Consolidation	Basis of Consolidation The consolidated financial statements include the financial statements of the Company, its wholly-owned subsidiaries, I JIU JIU, Ruixiang, Jiucheng Consulting and its VIE, Beijing Jiucheng. All inter-company transactions and balances have been eliminated upon consolidation.
Use of Estimates and Assumptions	Use of Estimates and Assumptions The preparation of financial statements in conformity with generally accepted accounting principles 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 period. Actual results could differ from those estimates. Significant estimates during the years ended December 31, 2017 and 2016 include the allowance for doubtful accounts, the useful life of property and equipment, assumptions used in assessing impairment of long-term assets, valuation of deferred tax assets and accruals for taxes due.
Financial Instrument	Financial Instrument The carrying amount reported in the consolidated balance sheet for cash, accounts receivable, other receivables, accrued liabilities and other payables approximate fair value because of the immediate or short-term maturity of these financial instruments.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. The Company maintains with various financial institutions in the PRC. At December 31, 2017 and 2016, cash balances held in PRC banks are uninsured. The Company has not experienced any losses in bank accounts and believes it is not exposed to any risks on its cash in bank accounts.
Restricted Cash	Restricted Cash Cash that is deposited in the bank but restricted for a specific purpose and therefore not available for immediate and general use by the Company is classified as restricted cash, which is presented separately from cash and cash equivalents on the consolidated balance sheets. The deposited balance is included in the Company’s bank account for guarantee of certain business purpose under an agreement until being used for the designated purpose or withdrawn due to expiration of the guarantee. As of December 31, 2017 and 2016, the Company had a restricted cash balance of $184,437 and $-, respectively.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation and impairment losses. Gains or losses on dispositions of property and equipment are included in operating income (loss). Major additions, renewals and improvements are capitalized, while maintenance and repairs are expensed as incurred. Depreciation and amortization are provided over the estimated useful lives of the assets using the straight-line method from the time the assets are placed in service. Estimated useful lives are as follows, taking into account the assets’ estimated residual value: Classification Estimated useful life Computer and office equipment 3 years Furniture 3 years Vehicles 3 years
Advances from Customers	Advances from Customers Advances from customers at December 31, 2017 and 2016 amounted to $114,191 and $-0-, respectively, and consist of prepayments from customers for services that have not been performed. The Company will recognize the deposits as revenue when the services have been performed in accordance with the Company’s revenue recognition policy.
Earnings per Share	Earnings per Share Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income by the weighted-average number of common shares and dilutive potential common shares outstanding during the period. As of December 31, 2017 and 2016, respectively, there were no outstanding securities or other contracts to issue common stock, such as options, warrants or conversion rights, which would have a dilutive effect on earnings per share.
Revenue Recognition	Revenue Recognition The Company provides intermediary services to the personal loan borrowers and the financial products investors. The Company charges fees for the intermediary services to the personal loan borrowers. Prior to July 2017, the revenue process started when an individual who had financing needs submited the loan application to Beijing Hengjiu Investment Management Co., Ltd. (“Hengjiu”). Hengjiu, along with its sub-contractor, Zhongcheng Zhengxin (Beijing) Co., Ltd. (“Zhongcheng Zhengxin”), provided financial consulting services such as loan origination criteria checkup, risk assessment, and assessment/evaluation of vehicle collateral. Hengjiu is a related party which was 75% owned by Jiuyuan Investment Co., Ltd. (“Jiuyuan”), a shareholder of Beijing Jiucheng, and 25% owned by Xiangbin Meng, the Company’s Chairman. Zhongcheng Zhengxin is a third party who provides credit assessment services. Upon completion of the background check, Xiangbin Meng (“Meng”), the maker of the loan, entered into the loan agreement with the qualified loan borrowers and initiated the transfer of the cash to the borrowers or borrowers’ agents. The loan usually matures in three months and using borrowers’ vehicle as collateral. After the borrowers received the fund transfer, the Company then packaged the debt claims of Meng into corresponding financial products and placed in its physical stores or on its on-line platform for sale. Investors of those financial products were able to choose the financial products that met their needs. Meng transfered his debt upon signing the debt transfer agreement with the financial products investors. The services were originally provided in physical stores in Beijing, Baoding, Hebei province and Weihai, Shandong province. Since April 2016, Beijing Jiucheng started to move majority of the business to its financial advisory on-line platform, Jiucaitong (www.9caitong.com). As less labor was required, in June 2016, Beijing Jiucheng shut down the physical stores in Baoding and Weihai. Meng was responsible for making the loans, transferring the funds to the borrowers and collecting the service fees on behalf of all parties involved. Meng collected a portion of the service fees upfront and the rest on a monthly basis over the term of the loan from loan borrowers. The Company recognizes revenue, net of value-added taxes in the periods in which the related services were performed provided that persuasive evidence of an arrangement exists, the amount of the service fee is fixed in the loan agreements, and collectability is reasonably assured. The revenue was recognized when the loan agreements were executed and the funds were transferred to the loan borrowers, based on the predetermined service fee percentage of the total loan principal over the term of the loan. According to the service fee allocation agreement, Beijing Jiucheng was entitled to a service fee of 1% of the loan principal per month before July 1, 2016 and 1.5% per month effective July 1, 2016 and thereafter as Beijing Jiucheng increased the loan management and risk assessment services that were originally done by Beijing Hengjiu since May 2016. Since July 2017, the Company officially launched the bank depository system and provided intermediary services for all registered users, including consultation, information and all kinds of delegation service. The Company started to charge the service fee from the amount borrowed by the borrower at the difference between the borrowers’ actual rate and the investors’ yield rate. Upon launching of the bank depository system, Meng no longer serves as the maker of the loan. The borrowers and investors enter the loan agreements directly with the online platform, Jiucaitong. Since December 2017, the online platform also provides loan intermediary services to the restaurant owners which operate the same as the rest of the borrowers except for that the restaurant owners use restaurants as collateral. Allowance for Doubtful Accounts Service fee receivable is recorded and carried at the original invoiced amount less an allowance for any potential uncollectible amounts. The Company makes estimates for the allowance for doubtful accounts based upon the assessment of various factors, including historical, experience, the age of the accounts receivable balances, credit quality of the loan borrowers, current economic conditions, and other factors that may affect the borrowers’ ability to pay. No allowance has been provided for at December 31, 2017 and 2016 as the service fees have been fully collected from the loan borrowers during the respective years or subsequently.
Advertising Expense	Advertising Expense The Company expenses advertising costs as they incurred. Total advertising expenses were $73,042 and $102,624 for the years ended December 31, 2017 and 2016, respectively, and have been included as part of selling expenses.
Value-added Taxes	Value-added Taxes Pursuant to the PRC tax laws, in case of the financial services provided, generally the value added tax (“VAT”) rate is 3% of the gross sales for small scale VAT payer and 6% of the gross sales for general VAT payer. The accrued VAT is recorded as VAT payables in the financial statements. VAT is reported as a deduction to revenue when incurred.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with U.S. GAAP for income taxes. Under the asset and liability method as required by this accounting standard, the recognition of deferred income tax liabilities and assets for the expected future tax consequences of temporary differences between the income tax basis and financial reporting basis of assets and liabilities. Provision for income taxes consists of taxes currently due plus deferred taxes. The charge for taxation is based on the results for the fiscal year as adjusted for items, which are non-assessable or disallowed. It is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred taxes are accounted for using the asset and liability method in respect of temporary differences arising from differences between the carrying amount of assets and liabilities in the consolidated financial statements and the corresponding tax basis used in the computation of assessable tax profit. Deferred tax liabilities are recognized for all future taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable income will be available against which deductible temporary differences can be utilized. Deferred tax is calculated using tax rates that are expected to apply to the period when the asset is realized or the liability is settled. Deferred tax is charged or credited in the operations of statement, except when it is related to items credited or charged directly to equity. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Current income taxes are provided for in accordance with the laws of the relevant taxing authorities. On December 22, 2017, the Tax Cuts and Jobs Act (the “Tax Act”) was enacted by the U.S. government which included a wide range of tax reform affecting businesses including the corporate tax rates, international tax provisions, tax credits and deduction with majority of the tax provision effective after December 31, 2017. Certain activities conducted in foreign jurisdictions may result in the imposition of U.S. corporate income taxes on the Company when its subsidiaries, controlled foreign corporations (“CFCs”), generate income that is subject to Subpart F or GILTI under the U.S. Internal Revenue Code beginning after December 31, 2017. An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. As of December 31, 2017 and 2016, the Company had no uncertain tax positions, and will continue to evaluate for uncertain positions in the future
Foreign Currency Translation	Foreign Currency Translation The functional currency of the Company’s operations in the PRC is the Chinese Yuan or Renminbi (“RMB”). The financial statements are translated to U.S. dollars using the period end rates of exchange for assets and liabilities, equity is translated at historical exchange rates, and average rates of exchange (for the period) are used for revenues and expenses and cash flows. As a result, amounts relating to assets and liabilities reported on the statements of cash flows may not necessarily agree with the changes in the corresponding balances on the balance sheets. Translation adjustments resulting from the process of translating the local currency financial statements into U.S. dollars are included in determining comprehensive income / loss. Transactions denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing on the transaction dates. Assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rates prevailing at the balance sheet date with any transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. All of the Company’s revenue transactions are transacted in its functional currency. The Company does not enter into any material transaction in foreign currencies. Transaction gains or losses have not had, and are not expected to have, a material effect on the results of operations of the Company. Asset and liability accounts at December 31, 2017 and 2016 were translated at 6.5063 RMB to $1.00 and at 6.9445 RMB to $1.00, respectively, which were the exchange rates on the balance sheet dates. Equity accounts were stated at their historical rates. The average translation rates applied to the statements of operations for the years ended December 31, 2017 and 2016 were 6.7338 RMB and 6.6444 RMB to $1.00, respectively. Cash flows from the Company’s operations are calculated based upon the local currencies using the average translation rate.
Credit Risk and Concentration	Credit Risk and Concentration The Company’s financial instruments that are potentially subject to concentrations of credit risk consist primarily of cash and cash equivalents. The majority of cash equivalents consists of short-term money market funds, which are managed by reputable financial institutions. The Company performs ongoing credit evaluations of borrowers, and generally do not require additional collateral except for personal vehicles. No borrowers represented 10% or more of total revenue during the years ended December 31, 2017 and 2016.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Other comprehensive income (loss) refers to revenues, expenses, gains and losses that under generally accepted accounting principles are included in comprehensive income (loss) but are excluded from net income (loss) as these amounts are recorded directly as an adjustment to stockholders’ equity. The Company’s other comprehensive income (loss) is comprised of foreign currency translation adjustments.
Fair Value Measurements	Fair Value Measurements The Company applies the provisions of ASC Subtopic 820-10,” Fair Value Measurements”, for fair value measurements of financial assets and financial liabilities and for fair value measurements of non-financial items that are recognized or disclosed at fair value in the financial statements. ASC 820 also establishes a framework for measuring fair value and expands disclosures about fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability. ASC 820 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes three levels of inputs that may be used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: ☐ Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ☐ Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. ☐ Level 3 inputs to the valuation methodology are unobservable and significant to the fair value. There were no assets or liabilities measured at fair value on a recurring basis subject to the disclosure requirements of ASC 820 as of December 31, 2017 and 2016.
Related Parties	Related Parties A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently issued accounting pronouncements not yet adopted Revenue Recognition: Revenue from Contracts with Customers: Topic Step 1: Identify the contract(s) with a customer. Step 2: Identify the performance obligations in the contract. Step 3: Determine the transaction price. Step 4: Allocate the transaction price to the performance obligations in the contract. Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) Leases: Statement of Cash Flows: The Company does not expect that the adoption of this guidance will have a material impact on its interim condensed consolidated financial statements. Statement of Cash Flows: Business Combination Business Combinations (Topic 805): Clarifying the Definition of a Business Revenue Recognition and Leases: Except for the ASU above, in the period from February 2018 through March 2018, the FASB has issued ASU No. 2018-02 through ASU 2018-04, which are not expected to have a material impact on the consolidated financial statements upon adoption.

Basis of Presentation and Sum21

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]
Summary of estimated useful lives	Classification Estimated useful life Computer and office equipment 3 years Furniture 3 years Vehicles 3 years

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property and Equipment [Abstract]
Schedule of property and equipment	December 31, December 31, 2017 2016 Office furniture $ 24,155 $ 39,286 Computer and office equipment 41,932 22,631 Vehicle 110,743 103,755 Total property and equipment 176,830 165,672 Less: accumulated depreciation (141,497 ) (86,387 ) Total $ 35,333 $ 79,285

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Schedule of due from related parties	December 31, December 31, Xiangbin Meng – Fees Receivable $ 3,444 $ 1,877,130 Xiangbin Meng – Other - 11,311,447 Jiuyuan 20,204 - Beijing Hengjiu 51,653 - Due from Related Party – Contra Equity - (11,519,905 ) Total $ 75,301 $ 1,668,672
Schedule of due to related parties	December 31, December 31, Jiuyuan $ - $ 378,950 Yasheng - 8,917 Jiucheng Huijin 10,199 5,867 Beijing Jiuyuan 2,460 2,304 Jiuxiang 6,087 1,263 Yangming 4,936 - Total $ 23,682 $ 397,301
Schedule of due to (from) related party activities	Jiuyuan Meng Meng - Receivable Yasheng Jiucheng Huijin Beijing Jiuyuan Jiuxiang Beijing Hengjiu Yangming Total Balance due (from) to related parties, December 31, 2015 $ (753,743 ) $ (12,112,907 ) $ (526,654 ) $ 9,548 $ 16,243 $ - $ - $ - $ - $ (13,367,513 ) Operating activities - Due from related parties - - (1,447,848 ) - - - - - - (1,447,848 ) Operating activities - Due to related parties 64,171 - - - (8,197 ) 2,409 1,320 - - 59,703 Investing activities - Working capital advances to related parties (51,979,782 ) (15,080,744 ) - - - - - - - (67,060,526 ) Investing activities - Repayments from related parties 40,894,038 15,080,337 - - - - - - - 55,974,375 Financing activities - Advances from related parties 12,153,358 - - - 190 - - - - 12,153,548 Fixed assets transferred to related party in exchange of receivable - - - - (1,716 ) - - - - (1,716 ) Effect of foreign currency exchange 908 801,867 97,372 (631 ) (653 ) (105 ) (57 ) - - 898,701 Balance due (from) to related parties, December 31, 2016 $ 378,950 $ (11,311,447 ) $ (1,877,130 ) $ 8,917 $ 5,867 $ 2,304 $ 1,263 $ - $ - $ (12,791,276 ) Operating activities - Due from related parties 28,066 - 683,449 - - - - - - 711,515 Operating activities - Due to related parties - - - - 3,804 - 4,579 - 4,769 13,152 Investing activities - Working capital advances to related parties (9,575,951 ) - - - - - - (56,813 ) - (9,632,764 ) Investing activities - Repayments from related parties 5,600,911 1,014,468 - - - - - - - 6,615,379 Financing activities - Advances from related parties 4,119,148 - - - - - - 6,905 - 4,126,053 Financing activities - Repayments made to related parties (397,600 ) - - - - - - - - (397,600 ) Other Non-cash Transactions (134,332 ) - - (9,196 ) - - - - - (143,528 ) Non-cash Capital reduction 8,316,202 3,564,087 - - - - - - - 11,880,289 Debt transfers pursuant to debt transfer agreement (8,366,771 ) 7,117,694 1,249,077 - - - - - - - Effect of foreign currency exchange 11,173 (384,802 ) (58,840 ) 279 528 156 245 (1,745 ) 167 (432,839 ) Balance due (from) to related parties, December 31, 2017 $ (20,204 ) $ - $ (3,444 ) $ - $ 10,199 $ 2,460 $ 6,087 $ (51,653 ) $ 4,936 $ (51,619 )

Other Payable (Tables)

Other Payable (Tables)	12 Months Ended
	Dec. 31, 2017
Other Payable [Abstract]
Summary of other payable	December 31, December 31, Social security and provident fund payable $ 44,254 $ 5,554 Salary payable 64,653 24,048 Other levies 24,186 9,874 Total $ 133,093 $ 39,476

Equity Transactions (Tables)

Equity Transactions (Tables)	12 Months Ended
	Dec. 31, 2017
Equity Transactions [Abstract]
Summary of capital reduction to shareholders	In RMB: Formation Capital Reduction After Reduction Ownership Meng 30,000,000 (24,000,000 ) 6,000,000 30 % Jiuyuan 70,000,000 (56,000,000 ) 14,000,000 70 % 100,000,000 (80,000,000 ) 20,000,000 100 % In USD: Formation Capital Reduction After Reduction Ownership Meng 4,800,811 (3,455,971 ) 1,344,840 30 % Jiuyuan 11,201,893 (8,063,934 ) 3,137,959 70 % 16,002,704 (11,519,905 ) 4,482,799 100 %

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Taxes [Abstract]
Schedule of deferred tax	2017 2016 Deferred tax assets: Timing differences of advertisement expense $ — $ 16,265 Net operating losses in US 13,603 20,291 Net operating losses in PRC 303,260 400,564 Total deferred tax assets 316,863 437,120 Less: valuation allowance (316,863 ) (437,120 ) Deferred tax assets, net $ — $ — Deferred tax liabilities: $ — $ — Total deferred tax liabilities $ — $ —
Schedule of components of income tax expense	For the For the year year ended ended December 31, December 31, 2017 2016 Current tax expense $ - $ - Deferred tax expense - - Benefits of operating loss carryforwards - - Tax expense (benefit) $ - $ -

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies [Abstract]
Schedule of operating leases minimum rentals	Allocated Lease * Non-Cancellable Lease ** Total 2018 $ 4,245 $ 279,666 $ 283,911 2019 4,245 109,009 113,254 2020 4,245 - 4,245 2021 3,538 - 3,538 2022 - - - Total minimum lease payments $ 16,273 $ 388,675 $ 404,948 * - These are the Company’s portion of minimum lease payments allocated by the Company’s affiliated company, Jiuxiang, the leasee. ** - These are the minimum lease payments under the non-cancellable lease entered with a third party.

Nature of Operations (Details)

Nature of Operations (Details) - shares	Nov. 10, 2017	Dec. 31, 2017
Nature of Operations (Textual)
Entity Incorporation, Date of Incorporation		Mar. 10, 2014
Entity Incorporation, State Country Name		Beijing Jiucheng was incorporated in Beijing, China on January 13, 2012 under the law of People's Republic of China ("PRC" or "China").
Reverse stock split		160-for-1
Common shares of capital stock issued	8,000,000	8,000,000
Reverse merger description		The holders of the Company's common stock as of immediately prior to the Merger held an aggregate of 5,110,000 shares and in connection with the Share Exchange Agreement, the Company's majority shareholder, Kimho Consultants Company Limited, (''Kimho'' or the ''Majority Shareholder'') entered into a share cancellation agreement with I JIU JIU's stockholders whereby Kimho, owning an aggregate of 4,000,000 shares of the Company's Common Stock agreed to cancel all its 4,000,000 shares of Common Stock in exchange of $440,000 paid by I JIU JIU's stockholders (''Share Cancellation'').

Basis of Presentation and Sum29

Basis of Presentation and Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2017
Computer and office equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	3 years
Furniture [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	3 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life (in years)	3 years

Basis of Presentation and Sum30

Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Basis of Presentation and Summary of Significant Accounting Policies (Textual)
Restricted cash balance	$ 184,437
Advances from customers	$ 114,191
Distribution on equity method investment	Hengjiu is a related party which was 75% owned by Jiuyuan Investment Co., Ltd. (''Jiuyuan''), a shareholder of Beijing Jiucheng, and 25% owned by Xiangbin Meng, the Company's Chairman.
Service fee, percentage	Beijing Jiucheng was entitled to a service fee of 1% of the loan principal per month before July 1, 2016 and 1.5% per month effective July 1, 2016 and thereafter as Beijing Jiucheng increased the loan management and risk assessment services that were originally done by Beijing Hengjiu since May 2016.
Advertising expenses	$ 73,042	$ 102,624
Description on value added taxes	Financial services provided, generally the value added tax (“VAT”) rate is 3 6
Foreign currency translation adjustment, description	Asset and liability accounts at December 31, 2017 and 2016 were translated at 6.5063 RMB to $1.00 and at 6.9445 RMB to $1.00, respectively, which were the exchange rates on the balance sheet dates. Equity accounts were stated at their historical rates. The average translation rates applied to the statements of operations for the years ended December 31, 2017 and 2016 were 6.7338 RMB and 6.6444 RMB to $1.00, respectively.
Concentration risk, percentage	10.00%	10.00%

Other Receivable (Details)

Other Receivable (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Other Receivable (Textual)
Other receivable amount	$ 19,327	$ 177,741

Security Deposit (Details)

Security Deposit (Details)	12 Months Ended
	Dec. 31, 2017USD ($)
Security Deposit (Textual)
Security deposit	$ 72,649
Lease expires date	May 21, 2019

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 176,830	$ 165,672
Less: accumulated depreciation	(141,497)	(86,387)
Total	35,333	79,285
Office furniture [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	24,155	39,286
Computer and office equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	41,932	22,631
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 110,743	$ 103,755

Property and Equipment (Detai34

Property and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property and Equipment (Textual)
Depreciation expenses	$ 47,626	$ 58,129
Net book value	$ 35,333	79,285
Exchange of receivable		1,716
Huijin Information Consulting Co Ltd [Member]
Property and Equipment (Textual)
Net book value		$ 1,716

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Amount due from related parties	$ 75,301	$ 1,668,672
Xiangbin Meng - Fees Receivable [Member]
Related Party Transaction [Line Items]
Amount due from related parties	3,444	1,877,130
Xiangbin Meng Other [Member]
Related Party Transaction [Line Items]
Amount due from related parties		11,311,447
Jiuyuan [Member]
Related Party Transaction [Line Items]
Amount due from related parties	20,204
Beijing Hengjiu [Member]
Related Party Transaction [Line Items]
Amount due from related parties	51,653
Due from Related Party - Contra Equity [Member]
Related Party Transaction [Line Items]
Amount due from related parties		$ (11,519,905)

Related Party Transactions (D36

Related Party Transactions (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Amount due to related parties	$ 23,682	$ 397,301
Jiuyuan [Member]
Related Party Transaction [Line Items]
Amount due to related parties		378,950
Yasheng [Member]
Related Party Transaction [Line Items]
Amount due to related parties		8,917
Jiucheng Huijin [Member]
Related Party Transaction [Line Items]
Amount due to related parties	10,199	5,867
Beijing Jiuyuan [Member]
Related Party Transaction [Line Items]
Amount due to related parties	2,460	2,304
Jiuxiang [Member]
Related Party Transaction [Line Items]
Amount due to related parties	6,087	1,263
Yangming [Member]
Related Party Transaction [Line Items]
Amount due to related parties	$ 4,936

Related Party Transactions (D37

Related Party Transactions (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Beginning balance	$ (12,791,276)	$ (13,367,513)
Operating activities - Due from related parties	(577,183)	1,447,848
Operating activities - Due to related parties	13,152	59,703
Investing activities - Working capital advances to related parties	9,632,764	67,060,526
Investing activities - Repayments from related parties	6,615,379	55,974,375
Financing activities - Advances from related parties	4,126,053	12,153,548
Fixed assets transferred to related party in exchange of receivable		1,716
Financing activities - Repayments made to related parties	(397,600)
Other Non-cash Transactions	(143,528)
Non-cash Capital reduction	11,880,289
Debt transfers pursuant to debt transfer agreement
Effect of foreign currency exchange	(432,839)	898,701
Ending balance	(51,619)	(12,791,276)
Jiuyuan [Member]
Related Party Transaction [Line Items]
Beginning balance	378,950	(753,743)
Operating activities - Due from related parties	28,066
Operating activities - Due to related parties		64,171
Investing activities - Working capital advances to related parties	(9,575,951)	(51,979,782)
Investing activities - Repayments from related parties	5,600,911	40,894,038
Financing activities - Advances from related parties	4,119,148	12,153,358
Fixed assets transferred to related party in exchange of receivable
Financing activities - Repayments made to related parties	(397,600)
Other Non-cash Transactions	(134,332)
Non-cash Capital reduction	8,316,202
Debt transfers pursuant to debt transfer agreement	(8,366,771)
Effect of foreign currency exchange	11,173	908
Ending balance	(20,204)	378,950
Meng [Member]
Related Party Transaction [Line Items]
Beginning balance	(11,311,447)	(12,112,907)
Operating activities - Due from related parties
Operating activities - Due to related parties
Investing activities - Working capital advances to related parties		(15,080,744)
Investing activities - Repayments from related parties	1,014,468	15,080,337
Financing activities - Advances from related parties
Fixed assets transferred to related party in exchange of receivable
Financing activities - Repayments made to related parties
Other Non-cash Transactions
Non-cash Capital reduction	3,564,087
Debt transfers pursuant to debt transfer agreement	7,117,694
Effect of foreign currency exchange	(384,802)	801,867
Ending balance		(11,311,447)
Meng Receivable [Member]
Related Party Transaction [Line Items]
Beginning balance	(1,877,130)	(526,654)
Operating activities - Due from related parties	683,449	(1,447,848)
Operating activities - Due to related parties
Investing activities - Working capital advances to related parties
Investing activities - Repayments from related parties
Financing activities - Advances from related parties
Fixed assets transferred to related party in exchange of receivable
Financing activities - Repayments made to related parties
Other Non-cash Transactions
Non-cash Capital reduction
Debt transfers pursuant to debt transfer agreement	1,249,077
Effect of foreign currency exchange	(58,840)	97,372
Ending balance	(3,444)	(1,877,130)
Yasheng [Member]
Related Party Transaction [Line Items]
Beginning balance	8,917	9,548
Operating activities - Due from related parties
Operating activities - Due to related parties
Investing activities - Working capital advances to related parties
Investing activities - Repayments from related parties
Financing activities - Advances from related parties
Fixed assets transferred to related party in exchange of receivable
Financing activities - Repayments made to related parties
Other Non-cash Transactions	(9,196)
Non-cash Capital reduction
Debt transfers pursuant to debt transfer agreement
Effect of foreign currency exchange	279	(631)
Ending balance		8,917
Jiucheng Huijin [Member]
Related Party Transaction [Line Items]
Beginning balance	5,867	16,243
Operating activities - Due from related parties
Operating activities - Due to related parties	3,804	(8,197)
Investing activities - Working capital advances to related parties
Investing activities - Repayments from related parties
Financing activities - Advances from related parties		190
Fixed assets transferred to related party in exchange of receivable		(1,716)
Financing activities - Repayments made to related parties
Other Non-cash Transactions
Non-cash Capital reduction
Debt transfers pursuant to debt transfer agreement
Effect of foreign currency exchange	528	(653)
Ending balance	10,199	5,867
Beijing Jiuyuan [Member]
Related Party Transaction [Line Items]
Beginning balance	2,304
Operating activities - Due from related parties
Operating activities - Due to related parties		2,409
Investing activities - Working capital advances to related parties
Investing activities - Repayments from related parties
Financing activities - Advances from related parties
Fixed assets transferred to related party in exchange of receivable
Financing activities - Repayments made to related parties
Other Non-cash Transactions
Non-cash Capital reduction
Debt transfers pursuant to debt transfer agreement
Effect of foreign currency exchange	156	(105)
Ending balance	2,460	2,304
Jiuxiang [Member]
Related Party Transaction [Line Items]
Beginning balance	1,263
Operating activities - Due from related parties
Operating activities - Due to related parties	4,579	1,320
Investing activities - Working capital advances to related parties
Investing activities - Repayments from related parties
Financing activities - Advances from related parties
Fixed assets transferred to related party in exchange of receivable
Financing activities - Repayments made to related parties
Other Non-cash Transactions
Non-cash Capital reduction
Debt transfers pursuant to debt transfer agreement
Effect of foreign currency exchange	245	(57)
Ending balance	6,087	1,263
Yangming [Member]
Related Party Transaction [Line Items]
Beginning balance
Operating activities - Due from related parties
Operating activities - Due to related parties	4,769
Investing activities - Working capital advances to related parties
Investing activities - Repayments from related parties
Financing activities - Advances from related parties
Fixed assets transferred to related party in exchange of receivable
Financing activities - Repayments made to related parties
Other Non-cash Transactions
Non-cash Capital reduction
Debt transfers pursuant to debt transfer agreement
Effect of foreign currency exchange	167
Ending balance	4,936
Beijing Hengjiu [Member]
Related Party Transaction [Line Items]
Beginning balance
Operating activities - Due from related parties
Operating activities - Due to related parties
Investing activities - Working capital advances to related parties	(56,813)
Investing activities - Repayments from related parties
Financing activities - Advances from related parties	6,905
Fixed assets transferred to related party in exchange of receivable
Financing activities - Repayments made to related parties
Other Non-cash Transactions
Non-cash Capital reduction
Debt transfers pursuant to debt transfer agreement
Effect of foreign currency exchange	(1,745)
Ending balance	$ (51,653)

Related Party Transactions (D38

Related Party Transactions (Details Textual)	1 Months Ended			12 Months Ended
	Jun. 30, 2016Vehicles	Oct. 21, 2015USD ($)	Oct. 21, 2015CNY (¥)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2016CNY (¥)	Mar. 31, 2017USD ($)
Related Party Transactions (Textual)
Due from related party				$ 75,301	$ 1,668,672
Owners percentage				100.00%
Related party due reduced							$ 11,519,905
Gain from extinguishment of liability				$ 9,196
Lease expires date				May 21, 2019
Payment for monthly rental fee		$ 81,000	¥ 540,534
General and administrative expenses paid				$ 1,188,268	1,129,923
Meng [Member]
Related Party Transactions (Textual)
Working capital advances				1,014,468	15,080,744
Repayment of debt received				0	15,080,337
Due from related party				0	11,311,447
Number of vehicles lease | Vehicles	2
Meng [Member] | Contra-equity account [Member]
Related Party Transactions (Textual)
Due from related party					11,519,905
Meng [Member] | Service revenue [Member]
Related Party Transactions (Textual)
Due from related party				3,444	1,877,130
Jiuyuan [Member]
Related Party Transactions (Textual)
Working capital advances				9,575,951	51,979,782
Repayment of debt received				5,600,911	40,894,038
Due from related party				$ 20,204
Owners percentage				70.00%
Payment for working capital				$ 28,066	64,171
Working capital advance received				4,119,148	12,153,358
Due to related party					378,950
Total repayments				397,600	0
Beijing Hengjiu [Member]
Related Party Transactions (Textual)
Working capital advances				56,813	0
Working capital advance received				$ 6,905	0
Related party owned rate, description				Beijing Hengjiu is 75% owned by Jiuyuan and 25% owned by Meng.
Yasheng [Member]
Related Party Transactions (Textual)
Due to related party					8,917
Jiucheng Huijin [Member]
Related Party Transactions (Textual)
Due to related party				$ 10,199	5,867
Related party owned rate, description				Yangming owns 26.3% of the Company.
Related party due payable					49,066
Lease expires date	Jun. 30, 2017
Payment for monthly rental fee					3,600	¥ 25,000
Rental fee receivable					43,200
Beijing Jiuyuan [Member]
Related Party Transactions (Textual)
Related party owned rate, description				Beijing Jiuyuan is 51% owned by Meng.
Rent expense				$ 2,460	2,304
Jiuxiang [Member]
Related Party Transactions (Textual)
Related party owned rate, description				Jiuxiang is 75% owned by Jiuyuan.
Payment for monthly rental fee		$ 74,000	¥ 491,168
Rent expense				$ 6,087	$ 1,263
Yangming [Member]
Related Party Transactions (Textual)
Related party owned rate, description				Yangming owns 30% of the Company.
General and administrative expenses paid				$ 4,936

Other Payable (Details)

Other Payable (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Other Payable [Abstract]
Social security and provident fund payable	$ 44,254	$ 5,554
Salary payable	64,653	24,048
Other levies	24,186	9,874
Total	$ 133,093	$ 39,476

VAT Payable (Details)

VAT Payable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Vat Payable (Textual)
VAT payable	$ 195,308	$ 81,376
Percentage of revenue	10.00%	10.00%
Revenue [Member]
Vat Payable (Textual)
Percentage of revenue	6.00%
Percentage of leasing revenue	3.00%

Statutory Reserve (Details)

Statutory Reserve (Details)	12 Months Ended
	Dec. 31, 2017
Statutory Reserve (Textual)
Statutory surplus reserve fund, description	Subject to certain cumulative limits, the "statutory surplus reserve fund" requires annual appropriations of 10% of after-tax profit until the aggregated appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC ("PRC GAAP") at each year-end).

Equity Transactions (Details)

Equity Transactions (Details) - 12 months ended Dec. 31, 2017	USD ($)	CNY (¥)
Formation	$ 16,002,704	¥ 100,000,000
Capital Reduction	(11,519,905)	(80,000,000)
After Reduction	$ 4,482,799	¥ 20,000,000
Ownership Percentage	100.00%	100.00%
Owners percentage	100.00%	100.00%
Meng [Member]
Formation	$ 4,800,811	¥ 30,000,000
Capital Reduction	(3,455,971)	(24,000,000)
After Reduction	$ 1,344,840	¥ 6,000,000
Ownership Percentage	30.00%	30.00%
Owners percentage	30.00%	30.00%
Jiuyuan [Member]
Formation	$ 11,201,893	¥ 70,000,000
Capital Reduction	(8,063,934)	(56,000,000)
After Reduction	$ 3,137,959	¥ 14,000,000
Ownership Percentage	70.00%	70.00%
Owners percentage	70.00%	70.00%

Equity Transactions (Details Te

Equity Transactions (Details Textual)	Nov. 10, 2017shares	Dec. 31, 2017USD ($)shares	Dec. 31, 2017CNY (¥)shares	Feb. 28, 2017USD ($)	Feb. 28, 2017CNY (¥)	Feb. 15, 2017USD ($)	Feb. 15, 2017CNY (¥)	Dec. 31, 2016USD ($)shares
Equity Transactions (Textual)
Reverse merger description		The holders of the Company's common stock as of immediately prior to the Merger held an aggregate of 5,110,000 shares and in connection with the Share Exchange Agreement, the Company's majority shareholder, Kimho Consultants Company Limited, (''Kimho'' or the ''Majority Shareholder'') entered into a share cancellation agreement with I JIU JIU's stockholders whereby Kimho, owning an aggregate of 4,000,000 shares of the Company's Common Stock agreed to cancel all its 4,000,000 shares of Common Stock in exchange of $440,000 paid by I JIU JIU's stockholders (''Share Cancellation'').
Reduction contributed capital on shareholders						$ 4,482,800	¥ 20,000,000
Common shares of capital stock issued | shares	8,000,000	8,000,000
Reverse stock split		160-for-1
Common stock, authorized | shares		75,000,000	75,000,000					75,000,000
Subscription receivable | $		$ 51,289						$ 51,289
Meng [Member]
Equity Transactions (Textual)
Contributed capital amount		4,800,811	¥ 30,000,000	$ 8,112,967	¥ 56,340,519
Reduction contributed capital on shareholders | $		11,519,905,000						0
Jiuyuan [Member]
Equity Transactions (Textual)
Contributed capital amount		11,201,893	70,000,000
Beijing Jiucheng [Member]
Equity Transactions (Textual)
Contributed capital amount		$ 16,002,704	¥ 100,000,000
Reduction contributed capital on shareholders						$ 16,002,704	¥ 100,000,000	$ 12,335,147

Income Taxes (Details)

Income Taxes (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Timing differences of advertisement expense		$ 16,265
Net operating losses in US	13,603	20,291
Net operating losses in PRC	303,260	400,564
Total deferred tax assets	316,863	437,120
Less: valuation allowance	(316,863)	(437,120)
Deferred tax assets, net
Deferred tax liabilities:
Total deferred tax liabilities

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Abstract]
Current tax expense
Deferred tax expense
Benefits of operating loss carryforwards
Tax expense (benefit)

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Taxes (Textual)
Effective income rate	25.00%
Net operating loss carry forward expiration date	Dec. 31, 2037
Deferred income taxes rate	25.00%
Net operating losses	$ 303,260	$ 400,564
Net operating losses in US	13,603	20,291
Accumulated deficit	$ (1,214,945)	(1,602,256)
Deferred income tax rate description	The Tax Cuts and Jobs Act replaced the prior-law graduated corporate tax rate, which taxed income over $10 million at 35%, with a flat rate of 21%.
Offset future taxable income [Member]
Income Taxes (Textual)
Net operating losses in US	$ 64,777	59,678
Beijing Jiucheng [Member]
Income Taxes (Textual)
Deferred income taxes rate	25.00%
US [Member]
Income Taxes (Textual)
Deferred income taxes rate	3.00%
PRC [Member]
Income Taxes (Textual)
Net operating loss carryforwards	$ 1,214,945	1,602,256
Deferred income taxes rate	25.00%
Accumulated deficit	$ 1,213,040	$ 1,602,256
Hong Kong [Member]
Income Taxes (Textual)
Effective income rate	16.50%	16.50%

Commitments and Contingencies47

Commitments and Contingencies (Details)	Dec. 31, 2017USD ($)
Operating Lease Type [Line Items]
2,018	$ 283,911
2,019	113,254
2,020	4,245
2,021	3,538
2,022
Total minimum lease payments	404,948
Allocated Lease [Member]
Operating Lease Type [Line Items]
2,018	4,245	[1]
2,019	4,245	[1]
2,020	4,245	[1]
2,021	3,538	[1]
2,022		[1]
Total minimum lease payments	16,273	[1]
Non-Cancellable Lease [Member]
Operating Lease Type [Line Items]
2,018	279,666	[2]
2,019	109,009	[2]
2,020		[2]
2,021		[2]
2,022		[2]
Total minimum lease payments	$ 388,675	[2]
[1]	These are the Company's portion of minimum lease payments allocated by the Company's affiliated company, Jiuxiang, the leasee.
[2]	These are the minimum lease payments under the non-cancellable lease entered with a third party.

Commitments and Contingencies48

Commitments and Contingencies (Details Textual)	Jan. 01, 2015USD ($)	May 22, 2017USD ($)	May 22, 2017CNY (¥)	Oct. 21, 2015USD ($)	Oct. 21, 2015CNY (¥)	Dec. 31, 2017
Commitments and Contingencies (Textual)
Lease expires date						May 21, 2019
Payment for monthly rent				$ 81,000	¥ 540,534
Chaoyang Lease [Member]
Commitments and Contingencies (Textual)
Lease expires date				Oct. 20, 2021	Oct. 20, 2021
Operating lease term				6 years	6 years
Jiuxiang [Member]
Commitments and Contingencies (Textual)
Payment for monthly rent				$ 74,000	¥ 491,168
Xizhimen Lease [Member]
Commitments and Contingencies (Textual)
Lease expires date	May 31, 2017	May 21, 2019	May 21, 2019
Payment for monthly rent		$ 20,000	¥ 142,241
Payment of lease amount	$ 24,000
Monthly maintenance fee		$ 2,200	¥ 15,318