Jiucaitong (JCTG) 10-Q 15 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 15, 2018
Document and Entity Information [Abstract]
Entity Registrant Name	Jiucaitong Group Ltd
Entity Central Index Key	1,610,607
Trading Symbol	JCTG
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		9,110,000

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 2,405,949	$ 1,941,150
Restricted cash	190,837	184,437
Accounts receivable	21,010	522
Other receivable	84,104	19,327
Prepaid expenses		32,298
Advances to suppliers	19,958	49,672
Due from related parties	172,156	75,301
Total current assets	2,894,014	2,302,707
Non-current assets
Security Deposit	75,170	72,649
Property, plant and equipment, net	27,318	35,333
Total non-current assets	102,488	107,982
Total assets	2,996,502	2,410,689
Current liabilities
Accrued liabilities	19,271
Other payable	279,802	133,093
Due to related parties	16,551	23,682
Advance from customers	249,847	114,191
VAT payable	104,881	195,308
Total current liabilities	670,352	466,274
Total liabilities	670,352	466,274
Commitments and contingencies
STOCKHOLDERS' EQUITY
Common Stock, $0.0001 par value, 75,000,000 shares authorized; 9,110,000 and 9,110,000 shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively	911	911
Additional paid-in capital	4,358,269	4,358,269
Accumulated deficit	(904,791)	(1,214,945)
Accumulated other comprehensive loss	(1,128,239)	(1,199,820)
Total stockholders' equity	2,326,150	1,944,415
Total liabilities and stockholders' equity	$ 2,996,502	$ 2,410,689

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
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	9,110,000
Common stock, outstanding	9,110,000	9,110,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Revenue	$ 772,014	$ 295,593
Operating expenses:
Selling expenses	31,605	30,750
General and administrative expenses	407,134	266,934
Total operating expenses	438,739	297,684
Income (loss) from operations	333,275	(2,091)
Other income (expense):
Other income	16,639	21,499
Other expense	(54,059)	(1,628)
Gain from extinguishment of liability	14,299
Total other income (expense), net	(23,121)	19,871
Income before provision for income taxes	310,154	17,780
Provision for income tax expense
Net income	310,154	17,780
Comprehensive Income:
Net income	310,154	17,780
Foreign currency translation adjustment	71,581	133,780
Comprehensive income	$ 381,735	$ 151,560
Earnings per common share - basic and diluted	$ 0.03	$ 0
Weighted average number of common shares outstanding - basic and diluted	9,110,000	8,000,000

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income	$ 310,154	$ 17,780
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation expenses	9,120	13,910
Gain from extinguishment of liability	(14,299)
Changes in operating assets and liabilities:
Accounts receivable	(20,202)
Other receivables	(63,268)	1,374
Prepaid expense	32,982
Advances to suppliers	31,027
Security Deposit
Due from related parties	(93,011)	(339,256)
Due to related parties		3,660
Advance from customers	129,971	(22,562)
Accrued liabilities	19,019	(117)
Other payables	154,532	24,880
VAT payable	(95,933)	17,870
Net cash provided by (used in) operating activities	400,092	(282,461)
Cash flows from investing activities:
Working capital advances to related parties		(9,165,199)
Repayments from related parties		6,407,007
Net cash used in investing activities		(2,758,192)
Cash flows from financing activities:
Working capital advances from related parties		3,546,849
Repayments	(7,848)
Net cash (used in) provided by financing activities	(7,848)	3,546,849
Effect of exchange rate change on cash	72,555	(412)
Net change in cash and cash equivalents	464,799	505,784
Cash and cash equivalents - beginning of period	1,941,150	12,924
Cash and cash equivalents - end of period	2,405,949	518,708
Supplemental disclosure of cash flow information
Interest paid
Income tax paid

Nature of Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2018
Nature of Operations [Abstract]
NATURE OF OPERATIONS	NOTE 1 - NATURE OF OPERATIONS Jiucaitong Group Limited and Subsidiaries (“Jiucaitong” or the “Company”), a 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	3 Months Ended
	Mar. 31, 2018
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 unaudited condensed 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. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. The unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements as of and for the year ended December 31, 2017 and footnotes thereto included in the same document. The condensed consolidated balance sheet as of December 31, 2017 contained herein has been derived from the audited financial statements as of December 31, 2017 but does not include all disclosures required by the generally accepted accounting principles in the U.S. (“U.S. GAAP”). 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 as of and during the periods ended March 31, 2018 and December 31, 2017 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 March 31, 2018 and December 31, 2017, 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 March 31, 2018 and December 31, 2017, the Company had a restricted cash balance of $190,837 and $184,437, 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 March 31, 2018 and December 31, 2017 amounted to $249,847 and $114,191, 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. For the three months ended March 31, 2018 and 2017, 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. 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 for the borrowers who use Jiucaitong on-line platform. 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 March 31, 2018 and December 31, 2017 as the service fees have been fully collected from the loan borrowers during the respective periods or subsequently. Advertising Expense The Company expenses advertising costs as they incurred. Total advertising expenses were $15,238 and $20,581 for the three months ended March 31, 2018 and 2017, respectively, and have been included as part of selling expenses in the accompanying statements of operations and comprehensive income. 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 consolidated financial statements. VAT is reported as a liability 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 , 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 March 31, 2018 and December 31, 2017 were translated at 6.2881 RMB to $1.00 and at 6.5063 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 three months ended March 31, 2018 and 2017 were 6.3714 RMB and 6.8925 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 for the three months ended March 31, 2018 and 2017. 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 March 31, 2018 and December 31, 2017. 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 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: 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	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 were $84,104 and $19,327, respectively.

Security Deposit

Security Deposit	3 Months Ended
	Mar. 31, 2018
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 $75,000). 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	3 Months Ended
	Mar. 31, 2018
Property and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 5 - PROPERTY AND EQUIPMENT Property and equipment consist of the following: March 31, December 31, 2018 2017 Office furniture $ 24,993 $ 24,155 Computer and office equipment 43,387 41,932 Vehicle 114,586 110,743 Total property and equipment 182,966 176,830 Less: accumulated depreciation (155,648 ) (141,497 ) Total $ 27,318 $ 35,333 Total depreciation expenses for the three months ended March 31, 2018 and 2017 were $9,120 and $13,910, respectively. The Company did not capitalize the costs associated with building the online financial platform as the costs were nominal.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2018
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: March 31, December 31, Xiangbin Meng – Fees Receivable $ 97,997 $ 3,444 Jiuyuan 20,873 20,204 Beijing Hengjiu 53,286 51,653 Total $ 172,156 $ 75,301 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 March 31, 2018 and December 31, 2017, amount due from Meng for service revenue collected by Meng on the Company’s behalf and not yet distribute to the Company was $97,997 and $3,444, 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 three months ended March 31, 2018 and 2017, Jiuyuan paid on behalf of the Company for working capital totaled $31 and $3,660, respectively. The Company made advances to Jiuyuan for working capital totaled $0 and $9,165,199, respectively and received repayments totaled $-0- and $5,415,895, respectively. The Company received advances from Jiuyuan for working capital totaled $0 and $3,576,355, respectively. As of March 31, 2018 and December 31, 2017, the Company has an amount due from Jiuyuan of $20,873 and $20,204, respectively. Beijing Hengjiu is 75% owned by Jiuyuan and 25% owned by Meng. During the three months ended March 31, 2018 and 2017, Beijing Hengjiu paid on behalf of the Company for working capital totaled $157 and $-0-, respectively. As of March 31, 2018 and December 31, 2017, the Company has an amount due from Beijing Hengjiu of $53,286 and $51,653, respectively. Amount due to related parties Amount due to related parties consisted of the following as of: March 31, December 31, Jiucheng Huijin 2,601 10,199 Beijing Jiuyuan 2,545 2,460 Jiuxiang 6,298 6,087 Yangming 5,107 4,936 Total $ 16,551 $ 23,682 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 March 31, 2018 and December 31, 2017, the Company recorded $2,601 and $10,199 due to Jiucheng Huijin, respectively. On June 30, 2016, Jiucheng Huijin entered a contract to lease two vehicles from the Company. The contract started on June 30, 2016 and expired on January 31, 2018. 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 recorded a rental income of $7,848 and $21,763 for the three months ended March 31, 2018 and 2017, respectively as part of other income in the accompanying condensed consolidated statements operations and comprehensive income. 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 March 31, 2018 and December 31, 2017, amounts due to Beijing Jiuyuan related to rent expense were $2,545 and $2,460, respectively. Jiuxiang is 75% owned by Jiuyuan. As mentioned above, Jiuxiang took over the lease since August 12, 2016. As of March 31, 2018 and December 31, 2017, the Company recorded $6,298 and $6,087 due to Jiuxiang, respectively, for the rent expense. Yangming owns 26.3% of the Company. Yangming paid general and administrative expenses on behalf of the Company, As of March 31, 2018 and December 31, 2017, the Company recorded $5,107 and $4,936 due to Yangming, respectively. For the three months ended March 31, 2018 and 2017, 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, 2017 $ (20,204 ) $ - $ (3,444 ) $ - $ 10,199 $ 2,460 $ 6,087 $ (51,653 ) $ 4,936 $ (51,619 ) Operating activities - Due from related parties 31 - (93,199 ) - - - - 157 - (93,011 ) Financing activities - Repayments to related parties - - - - (7,848 ) - - - - (7,848 ) Effect of foreign currency exchange (700 ) - (1,354 ) - 250 85 211 (1,790 ) 171 (3,127 ) Balance due (from) to related parties, March 31, 2018 $ (20,873 ) $ - $ (97,997 ) $ - $ 2,601 $ 2,545 $ 6,298 $ (53,286 ) $ 5,107 $ (155,605 ) Jiuyuan Meng Meng - Receivable Yasheng Jiucheng Huijin Beijing Jiuyuan Jiuxiang Beijing Hengjiu Yangming Total 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 - - (315,707 ) - (20,950 ) (2,322 ) (277 ) - - (339,256 ) Operating activities - Due to related parties 3,660 - - - - - - - - 3,660 Investing activities - Working capital advances to related parties (9,165,199 ) - - - - - - - - (9,165,199 ) Investing activities - Repayments from related parties 5,415,895 991,112 - - - - - - - 6,407,007 Financing activities - Advances from related parties 3,576,355 (29,506 ) - - - - - - - 3,546,849 Non-cash Capital reduction 8,124,744 3,482,033 - - - - - - - 11,606,777 Internal transfers (8,174,148 ) 6,953,828 1,220,320 - - - - - - - Effect of foreign currency exchange 2,697 (115,497 ) (13,186 ) 59 59 18 8 - - (125,842 ) Balance due (from) to related parties, March 31, 2017 $ 162,954 $ (29,477 ) $ (985,703 ) $ 8,976 $ (15,024 ) $ - $ 994 $ - $ - $ (857,280 )

Other Payable

Other Payable	3 Months Ended
	Mar. 31, 2018
Other Payable [Abstract]
OTHER PAYABLE	NOTE 7 – OTHER PAYABLE Other payable consists of the following as of March 31, 2018 and December 31, 2017: March 31, December 31, Social security and provident fund payable $ 206,096 $ 44,254 Salary payable 61,082 64,653 Other levies 12,624 24,186 Total $ 279,802 $ 133,093

VAT Payable

VAT Payable	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 were $104,881 and $195,308, 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 March 31, 2018 and December 31, 2017.

Statutory Reserve

Statutory Reserve	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 as the Company is able to use the current period (2018) net income after tax to offset against the accumulate loss from prior periods.

Equity Transactions

Equity Transactions	3 Months Ended
	Mar. 31, 2018
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 ($4,482,799). 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 March 31, 2018 and December 31, 2017, 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 March 31, 2018 and December 31, 2017 were 9,110,000 shares.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 11 - 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 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 March 31, 2018, the Company was obligated under operating leases minimum rentals as follows: Allocated Lease * Non-Cancellable Lease ** Total 2018 $ 4,393 $ 289,371 $ 293,764 2019 4,393 112,792 117,185 2020 4,393 - 4,393 2021 3,661 - 3,661 2022 - - - Total minimum lease payments $ 16,840 $ 402,163 $ 419,003 * - 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	3 Months Ended
	Mar. 31, 2018
Subsequent Event [Abstract]
SUBSEQUENT EVENT	NOTE 12 - SUBSEQUENT EVENT On April 23, 2018, a related party of the Company, Jiuyuan, entered into a loan agreement with Jiucheng to borrow 15,000,000 RMB (approximately $2.39 million). The loan matures in six months with a monthly interest rate of 0.3625%. The Company recorded a loan receivable from the related party accordingly. The amount will be repaid by the related party before June 30, 2018.

Basis of Presentation and Sum18

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Basis of Presentation and Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed 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. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ending December 31, 2018. The unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements as of and for the year ended December 31, 2017 and footnotes thereto included in the same document. The condensed consolidated balance sheet as of December 31, 2017 contained herein has been derived from the audited financial statements as of December 31, 2017 but does not include all disclosures required by the generally accepted accounting principles in the U.S. (“U.S. GAAP”).
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 as of and during the periods ended March 31, 2018 and December 31, 2017 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 March 31, 2018 and December 31, 2017, 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 March 31, 2018 and December 31, 2017, the Company had a restricted cash balance of $190,837 and $184,437, 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 March 31, 2018 and December 31, 2017 amounted to $249,847 and $114,191, 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. For the three months ended March 31, 2018 and 2017, 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. 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 for the borrowers who use Jiucaitong on-line platform. 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 March 31, 2018 and December 31, 2017 as the service fees have been fully collected from the loan borrowers during the respective periods or subsequently.
Advertising Expense	Advertising Expense The Company expenses advertising costs as they incurred. Total advertising expenses were $15,238 and $20,581 for the three months ended March 31, 2018 and 2017, respectively, and have been included as part of selling expenses in the accompanying statements of operations and comprehensive income.
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 consolidated financial statements. VAT is reported as a liability 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 , 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 March 31, 2018 and December 31, 2017 were translated at 6.2881 RMB to $1.00 and at 6.5063 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 three months ended March 31, 2018 and 2017 were 6.3714 RMB and 6.8925 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 for the three months ended March 31, 2018 and 2017.
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 March 31, 2018 and December 31, 2017.
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 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: 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 Sum19

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
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)	3 Months Ended
	Mar. 31, 2018
Property and Equipment [Abstract]
Schedule of property and equipment	March 31, December 31, 2018 2017 Office furniture $ 24,993 $ 24,155 Computer and office equipment 43,387 41,932 Vehicle 114,586 110,743 Total property and equipment 182,966 176,830 Less: accumulated depreciation (155,648 ) (141,497 ) Total $ 27,318 $ 35,333

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Schedule of due from related parties	March 31, December 31, Xiangbin Meng – Fees Receivable $ 97,997 $ 3,444 Jiuyuan 20,873 20,204 Beijing Hengjiu 53,286 51,653 Total $ 172,156 $ 75,301
Schedule of due to related parties	March 31, December 31, Jiucheng Huijin 2,601 10,199 Beijing Jiuyuan 2,545 2,460 Jiuxiang 6,298 6,087 Yangming 5,107 4,936 Total $ 16,551 $ 23,682
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, 2017 $ (20,204 ) $ - $ (3,444 ) $ - $ 10,199 $ 2,460 $ 6,087 $ (51,653 ) $ 4,936 $ (51,619 ) Operating activities - Due from related parties 31 - (93,199 ) - - - - 157 - (93,011 ) Financing activities - Repayments to related parties - - - - (7,848 ) - - - - (7,848 ) Effect of foreign currency exchange (700 ) - (1,354 ) - 250 85 211 (1,790 ) 171 (3,127 ) Balance due (from) to related parties, March 31, 2018 $ (20,873 ) $ - $ (97,997 ) $ - $ 2,601 $ 2,545 $ 6,298 $ (53,286 ) $ 5,107 $ (155,605 ) Jiuyuan Meng Meng - Receivable Yasheng Jiucheng Huijin Beijing Jiuyuan Jiuxiang Beijing Hengjiu Yangming Total 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 - - (315,707 ) - (20,950 ) (2,322 ) (277 ) - - (339,256 ) Operating activities - Due to related parties 3,660 - - - - - - - - 3,660 Investing activities - Working capital advances to related parties (9,165,199 ) - - - - - - - - (9,165,199 ) Investing activities - Repayments from related parties 5,415,895 991,112 - - - - - - - 6,407,007 Financing activities - Advances from related parties 3,576,355 (29,506 ) - - - - - - - 3,546,849 Non-cash Capital reduction 8,124,744 3,482,033 - - - - - - - 11,606,777 Internal transfers (8,174,148 ) 6,953,828 1,220,320 - - - - - - - Effect of foreign currency exchange 2,697 (115,497 ) (13,186 ) 59 59 18 8 - - (125,842 ) Balance due (from) to related parties, March 31, 2017 $ 162,954 $ (29,477 ) $ (985,703 ) $ 8,976 $ (15,024 ) $ - $ 994 $ - $ - $ (857,280 )

Other Payable (Tables)

Other Payable (Tables)	3 Months Ended
	Mar. 31, 2018
Other Payable [Abstract]
Summary of other payable	March 31, December 31, Social security and provident fund payable $ 206,096 $ 44,254 Salary payable 61,082 64,653 Other levies 12,624 24,186 Total $ 279,802 $ 133,093

Equity Transactions (Tables)

Equity Transactions (Tables)	3 Months Ended
	Mar. 31, 2018
Equity Transactions [Abstract]
Summary of capital reduction to shareholders	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)	3 Months Ended
	Mar. 31, 2018
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)	3 Months Ended
	Mar. 31, 2018
Commitments and Contingencies [Abstract]
Schedule of operating leases minimum rentals	Allocated Lease * Non-Cancellable Lease ** Total 2018 $ 4,393 $ 289,371 $ 293,764 2019 4,393 112,792 117,185 2020 4,393 - 4,393 2021 3,661 - 3,661 2022 - - - Total minimum lease payments $ 16,840 $ 402,163 $ 419,003 * - 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	Mar. 31, 2018
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 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").

Basis of Presentation and Sum27

Basis of Presentation and Summary of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2018
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 Sum28

Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Basis of Presentation and Summary of Significant Accounting Policies (Textual)
Restricted cash balance	$ 190,837		$ 184,437
Advances from customers	$ 249,847		$ 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	$ 15,238	$ 20,581
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 March 31, 2018 and December 31, 2017 were translated at 6.2881 RMB to $1.00 and at 6.5063 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 three months ended March 31, 2018 and 2017 were 6.3714 RMB and 6.8925 RMB to $1.00, respectively. Cash flows from the Company's operations are calculated based upon the local currencies using the average translation rate.
Concentration risk, percentage	10.00%	10.00%

Other Receivable (Details)

Other Receivable (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Other Receivable (Textual)
Other receivable amount	$ 84,104	$ 19,327

Security Deposit (Details)

Security Deposit (Details)	3 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2018CNY (¥)	Dec. 31, 2017USD ($)
Security Deposit (Textual)
Security Deposit	$ 75,170		$ 72,649
Beijing Jiuyuan [Member]
Security Deposit (Textual)
Security Deposit	$ 75,000	¥ 472,678
Lease expires date	May 21, 2019

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 182,966	$ 176,830
Less: accumulated depreciation	(155,648)	(141,497)
Total	27,318	35,333
Office furniture [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	24,993	24,155
Computer and office equipment [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	43,387	41,932
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 114,586	$ 110,743

Property and Equipment (Detai32

Property and Equipment (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Property and Equipment (Textual)
Depreciation expenses	$ 9,120	$ 13,910

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Amount due from related parties	$ 172,156	$ 75,301
Xiangbin Meng - Fees Receivable [Member]
Related Party Transaction [Line Items]
Amount due from related parties	97,997	3,444
Jiuyuan [Member]
Related Party Transaction [Line Items]
Amount due from related parties	20,873	20,204
Beijing Hengjiu [Member]
Related Party Transaction [Line Items]
Amount due from related parties	$ 53,286	$ 51,653

Related Party Transactions (D34

Related Party Transactions (Details 1) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Amount due to related parties	$ 16,551	$ 23,682
Jiucheng Huijin [Member]
Related Party Transaction [Line Items]
Amount due to related parties	2,601	10,199
Beijing Jiuyuan [Member]
Related Party Transaction [Line Items]
Amount due to related parties	2,545	2,460
Jiuxiang [Member]
Related Party Transaction [Line Items]
Amount due to related parties	6,298	6,087
Yangming [Member]
Related Party Transaction [Line Items]
Amount due to related parties	$ 5,107	$ 4,936

Related Party Transactions (D35

Related Party Transactions (Details 2) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Related Party Transaction [Line Items]
Beginning balance	$ (51,619)	$ (12,791,276)
Operating activities - Due from related parties	93,011	339,256
Financing activities - Repayments to related parties	(7,848)
Operating activities - Due to related parties		3,660
Investing activities - Working capital advances to related parties		9,165,199
Investing activities - Repayments from related parties		6,407,007
Financing activities - Advances from related parties		3,546,849
Non-cash Capital reduction		11,606,777
Internal transfers
Effect of foreign currency exchange	(3,127)	(125,842)
Ending balance	(155,605)	(857,280)
Jiuyuan [Member]
Related Party Transaction [Line Items]
Beginning balance	(20,204)	378,950
Operating activities - Due from related parties	31
Financing activities - Repayments to related parties
Operating activities - Due to related parties		3,600
Investing activities - Working capital advances to related parties		(9,165,199)
Investing activities - Repayments from related parties		5,415,895
Financing activities - Advances from related parties		3,576,355
Non-cash Capital reduction		8,124,744
Internal transfers		(8,174,148)
Effect of foreign currency exchange	(700)	2,697
Ending balance	(20,873)	162,954
Meng [Member]
Related Party Transaction [Line Items]
Beginning balance		(11,311,447)
Operating activities - Due from related parties
Financing activities - Repayments to related parties
Investing activities - Repayments from related parties		991,112
Financing activities - Advances from related parties		(29,506)
Non-cash Capital reduction		3,482,033
Internal transfers		6,953,828
Effect of foreign currency exchange		(115,497)
Ending balance		(29,477)
Meng Receivable [Member]
Related Party Transaction [Line Items]
Beginning balance	(3,444)	1,877,130
Operating activities - Due from related parties	(93,199)	(315,707)
Financing activities - Repayments to 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
Internal transfers		1,220,320
Effect of foreign currency exchange	(1,354)	(13,186)
Ending balance	(97,997)	(985,703)
Yasheng [Member]
Related Party Transaction [Line Items]
Beginning balance		8,917
Operating activities - Due from related parties
Financing activities - Repayments to 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
Effect of foreign currency exchange		59
Ending balance		8,976
Jiucheng Huijin [Member]
Related Party Transaction [Line Items]
Beginning balance	10,199	5,867
Operating activities - Due from related parties		(20,950)
Financing activities - Repayments to related parties	(7,848)
Investing activities - Working capital advances to related parties
Investing activities - Repayments from related parties
Effect of foreign currency exchange	250	59
Ending balance	2,601	(15,024)
Beijing Jiuyuan [Member]
Related Party Transaction [Line Items]
Beginning balance	2,460	2,304
Operating activities - Due from related parties		(2,322)
Financing activities - Repayments to 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
Effect of foreign currency exchange	85	18
Ending balance	2,545
Jiuxiang [Member]
Related Party Transaction [Line Items]
Beginning balance	6,087	1,263
Operating activities - Due from related parties		(277)
Financing activities - Repayments to related parties
Operating activities - Due to related parties		1,320
Investing activities - Working capital advances to related parties
Investing activities - Repayments from related parties
Financing activities - Advances from related parties
Effect of foreign currency exchange	211	8
Ending balance	6,298	994
Beijing Hengjiu [Member]
Related Party Transaction [Line Items]
Beginning balance	(51,653)
Operating activities - Due from related parties	157
Financing activities - Repayments to 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
Effect of foreign currency exchange	(1,790)
Ending balance	(53,286)
Yangming [Member]
Related Party Transaction [Line Items]
Beginning balance	4,936
Operating activities - Due from related parties
Financing activities - Repayments to 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
Effect of foreign currency exchange	171
Ending balance	$ 5,107

Related Party Transactions (D36

Related Party Transactions (Details Textual)	1 Months Ended				3 Months Ended		12 Months Ended
	Jun. 30, 2016USD ($)Vehicles	Jun. 30, 2016CNY (¥)Vehicles	Oct. 21, 2015USD ($)	Oct. 21, 2015CNY (¥)	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Related Party Transactions (Textual)
Due from related party					$ 75,301
Owners percentage					100.00%
Related party due reduced						$ 11,519,905
Gain from extinguishment of liability					$ 14,299
Payment for monthly rental fee			$ 81,000	¥ 540,534
General and administrative expenses paid					407,134	266,934
Working capital advances to related parties						9,165,199
Meng [Member]
Related Party Transactions (Textual)
Number of vehicles lease | Vehicles	2	2
Meng [Member] | Service revenue [Member]
Related Party Transactions (Textual)
Due from related party					97,997		$ 3,444
Jiuyuan [Member]
Related Party Transactions (Textual)
Working capital advances					0	165,199
Repayment of debt received					0	5,415,895
Due from related party					$ 20,873		20,204
Owners percentage					70.00%
Payment for working capital					$ 31	3,660
Working capital advance received					0	3,576,355
Due to related party							378,950
Working capital advances to related parties						(9,165,199)
Beijing Hengjiu [Member]
Related Party Transactions (Textual)
Working capital advances					157	0
Due from related party					$ 53,286		51,653
Related party owned rate, description					Beijing Hengjiu is 75% owned by Jiuyuan and 25% owned by Meng.
Working capital advances to related parties
Yasheng [Member]
Related Party Transactions (Textual)
Working capital advances to related parties
Jiucheng Huijin [Member]
Related Party Transactions (Textual)
Due to related party					$ 10,199		5,867
Related party owned rate, description					Jiucheng Huijin is 30% owned by Meng.
Related party due payable					$ 2,601		10,199
Lease expires date	Jun. 30, 2017	Jun. 30, 2017
Payment for monthly rental fee	$ 3,600	¥ 25,000
Rental income					$ 7,848	21,763
Working capital advances to related parties
Beijing Jiuyuan [Member]
Related Party Transactions (Textual)
Related party owned rate, description					Beijing Jiuyuan is 51% owned by Meng.
Lease expires date					May 21, 2019
Rent expense					$ 2,545	2,545	2,460
Working capital advances to related parties
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					$ 6,298		6,087
Working capital advances to related parties
Yangming [Member]
Related Party Transactions (Textual)
Related party owned rate, description					Yangming owns 26.3% of the Company.
General and administrative expenses paid					$ 5,107		$ 4,936
Working capital advances to related parties

Other Payable (Details)

Other Payable (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Other Payable [Abstract]
Social security and provident fund payable	$ 206,096	$ 44,254
Salary payable	61,082	64,653
Other levies	12,624	24,186
Total	$ 279,802	$ 133,093

VAT Payable (Details)

VAT Payable (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Vat Payable (Textual)
VAT payable	$ 104,881		$ 195,308
Percentage of revenue	10.00%	10.00%
Revenue [Member]
Vat Payable (Textual)
Percentage of revenue	6.00%
Percentage of car leasing	3.00%

Statutory Reserve (Details)

Statutory Reserve (Details)	3 Months Ended
	Mar. 31, 2018
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) - 3 months ended Mar. 31, 2018	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	Mar. 31, 2018USD ($)shares	Mar. 31, 2018CNY (¥)shares	Dec. 31, 2017USD ($)shares	Mar. 31, 2017USD ($)	Feb. 28, 2017USD ($)	Feb. 28, 2017CNY (¥)	Feb. 15, 2017USD ($)	Feb. 15, 2017CNY (¥)
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 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").
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 | $				$ 0	$ 11,519,905
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

Commitments and Contingencies42

Commitments and Contingencies (Details)	Mar. 31, 2018USD ($)
Operating Lease Type [Line Items]
2,018	$ 293,764
2,019	117,185
2,020	4,393
2,021	3,661
2,022
Total minimum lease payments	419,003
Allocated Lease [Member]
Operating Lease Type [Line Items]
2,018	4,393	[1]
2,019	4,393	[1]
2,020	4,393	[1]
2,021	3,661	[1]
2,022		[1]
Total minimum lease payments	16,840	[1]
Non-Cancellable Lease [Member]
Operating Lease Type [Line Items]
2,018	289,371	[2]
2,019	112,792	[2]
2,020		[2]
2,021		[2]
2,022		[2]
Total minimum lease payments	$ 402,163	[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 Contingencies43

Commitments and Contingencies (Details Textual)	Jan. 01, 2015USD ($)	May 22, 2017USD ($)	May 22, 2017CNY (¥)	Oct. 21, 2015USD ($)	Oct. 21, 2015CNY (¥)
Commitments and Contingencies (Textual)
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

Subsequent Event (Details)

Subsequent Event (Details) - 1 months ended Apr. 23, 2018 - Subsequent Event [Member] - Jiuyuan [Member] $ in Thousands	USD ($)	CNY (¥)
Subsequent Event (Textual)
Description of loan agreement	The Company, Jiuyuan, entered into a loan agreement with Jiucheng to borrow 15,000,000 RMB (approximately $2.39 million). The loan matures in six months with a monthly interest rate of 0.3625%.
Borrowing amount of loan	$ 2,390	¥ 15,000,000