GD Culture Group Limited (GDC) 10-K 31 Mar 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 31, 2022	Jun. 30, 2021
Document Information Line Items
Entity Registrant Name	Code Chain New Continent Ltd
Trading Symbol	CCNC
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		38,429,617
Entity Public Float			$ 61,100,000
Amendment Flag	false
Entity Central Index Key	0001641398
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Document Annual Report	true
Document Transition Report	false
Entity File Number	001-37513
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	47-3709051
Entity Address, Address Line One	No 119 South Zhaojuesi Road 2nd Floor,
Entity Address, Address Line Two	Room 1 Chenghua District
Entity Address, Address Line Three	Chengdu
Entity Address, City or Town	Sichuan
Entity Address, Country	CN
Entity Address, Postal Zip Code	610047
City Area Code	+86
Local Phone Number	028-8411-2941
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Auditor Name	WWC, P.C.
Auditor Firm ID	1171
Auditor Location	San Mateo, California

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash and cash equivalents	$ 14,588,330	$ 998,717
Short term investment		3,295,070
Accounts receivable, net		1,071,590
Other receivables, net	728,361	555,433
Other receivable - related party	610,948	230,134
Inventories	3,714	1,047,274
Prepayments		4,780,975
Total current assets	15,931,353	11,979,193
PLANT AND EQUIPMENT, NET	283,896	82,833
RIGHT-OF-USE ASSETS	22,733	69,038
OTHER ASSETS
Prepayments for purchases of equipment	27,706,681
Goodwill	6,590,339	11,650,157
Intangible assets, net	255	1,226,521
Deferred tax assets		127,377
Discontinued operations – non-current assets
Total other assets	34,297,275	13,004,055
Total assets	50,535,257	25,135,119
CURRENT LIABILITIES
Short term loans - bank		475,103
Accounts payable	3,543,839	1,126,091
Other payables and accrued liabilities	5,005,271	21,883
Other payables - related parties	466,407	491,136
Customer deposits	7,171,255	900,522
Lease liabilities - current	13,338	101,292
Taxes payable	2,246,418	72,639
Discontinued operations - current liabilities
Total current liabilities	18,446,528	3,188,666
OTHER LIABILITIES
Lease liabilities – non-current	8,738
Discontinued operations – non-current liabilities		33,698
Total other liabilities	8,738	33,698
Total liabilities	18,455,266	3,222,364
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, no shares issued and outstanding as of December 31, 2021 and 2020, respectively
Common stock, $0.0001 par value, 200,000,000 shares authorized, 46,077,110 and 29,176,026 shares issued and outstanding as of December 31, 2021 and 2020, respectively	4,608	2,918
Additional paid-in capital	83,034,373	20,022,427
Stock subscriptions receivable	(25,165,728)
(Accumulated deficit) retained earnings	(26,019,119)	951,773
Accumulated other comprehensive income	225,857	935,637
Total shareholders’ equity	32,079,991	21,912,755
Total liabilities and shareholders’ equity	$ 50,535,257	$ 25,135,119

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	46,077,110	29,176,026
Common stock, shares outstanding	46,077,110	29,176,026

Consolidated Statements of Loss

Consolidated Statements of Loss (Income) and Comprehensive Loss (Income) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
REVENUES
Wuge digital door signs	$ 25,029,949
Trading and others		591,455
TOTAL REVENUES	25,029,949	591,455
COST OF REVENUES
Wuge digital door signs	16,779,949
Trading and others		21,045
TOTAL COST OF REVENUES	16,779,949	21,045
GROSS PROFIT	8,250,000	570,410
OPERATING EXPENSES (INCOME)
Selling, general and administrative	22,896,602	737,140
Provision (recovery of) for doubtful accounts		330,045
TOTAL OPERATING EXPENSES	22,896,602	1,067,185
LOSS FROM OPERATIONS	(14,646,602)	(496,775)
OTHER INCOME (EXPENSE)
Interest income	51,233	6,253
Interest expense	(96)
Other income (expense), net	66,781	(3,899,612)
Total other income (expense), net	117,918	(3,893,359)
LOSS BEFORE INCOME TAXES FROM CONTINUING OPERATIONS	(14,528,684)	(4,390,134)
PROVISION FOR INCOME TAXES	1,295,141
LOSS FROM CONTINUING OPERATIONS	(15,823,825)	(4,390,134)
Income from discontinued operations, net of taxes	23,571	107,020
(Loss) gain on disposal, net of taxes	(11,170,638)	6,793,570
Net (loss) income	(26,970,892)	2,510,456
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment	(709,780)	1,767,904
COMPREHENSIVE (LOSS) INCOME	$ (27,680,672)	$ 4,278,360
WEIGHTED AVERAGE NUMBER OF COMMON SHARES
Basic and diluted (in Dollars per share)	$ 39,748,733	$ 28,452,328
Loss per share from continuing operations
Basic and diluted (in Shares)	(0.4)	(0.15)
(Loss) / earnings per share from discontinued operations
Basic and diluted (in Dollars per share)	$ (0.28)	$ 0.24
(Loss) / earnings per share available to common shareholders
Basic and diluted (in Dollars per share)	$ (0.68)	$ 0.09

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders’ Equity - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings Statutory Reserves	Retained Earnings Unrestricted	Accumulated Other Comprehensive Income (Loss)	Stock Subscription Receivable	Total
BALANCE at Dec. 31, 2019		$ 2,082	$ 8,350,861		$ (1,558,683)	$ (832,267)		$ 5,961,993
BALANCE (in Shares) at Dec. 31, 2019		20,821,661
Net income (loss)					2,510,456			2,510,456
Issuance of shares for acquisition		$ 400	7,199,600					7,200,000
Issuance of shares for acquisition (in Shares)		4,000,000
Issuance of common stock for cash		$ 537	6,203,979					6,204,516
Issuance of common stock for cash (in Shares)		5,367,297
The cancellation of the common stock		$ (101)	(1,732,013)					(1,732,114)
The cancellation of the common stock (in Shares)		(1,012,932)
Foreign currency translation						1,767,904		1,767,904
BALANCE at Dec. 31, 2020		$ 2,918	20,022,427		951,773	935,637		21,912,755
BALANCE (in Shares) at Dec. 31, 2020		29,176,026
Net income (loss)					(26,970,892)			(26,970,892)
Issuance of common stock for Bonus		$ 92	2,563,526					2,563,618
Issuance of common stock for Bonus (in Shares)		925,494
Issuance of common stock for purchase Bitcoin mining machines		$ 159	6,159,841					6,160,000
Issuance of common stock for purchase Bitcoin mining machines (in Shares)		1,587,800
Issuance of common stock for purchase digital currency mining machines		$ 765	16,441,346					16,442,111
Issuance of common stock for purchase digital currency mining machines (in Shares)		7,647,493
Issuance of shares for cash		$ 417	22,539,579					22,539,996
Issuance of shares for cash (in Shares)		4,166,666
Issuance of common stock for employee compensation		$ 300	16,923,550					16,923,850
Issuance of common stock for employee compensation (in Shares)		3,000,000
The cancellation of the common stock		$ (43)	(1,615,896)					(1,615,939)
The cancellation of the common stock (in Shares)		(426,369)
Stock subscription receivable from issuance of common stock							(25,165,728)	(25,165,728)
Foreign currency translation						(709,780)		(709,780)
BALANCE at Dec. 31, 2021		$ 4,608	$ 83,034,373		$ (26,019,119)	$ 225,857	$ (25,165,728)	$ 32,079,991
BALANCE (in Shares) at Dec. 31, 2021		46,077,110

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (26,970,892)	$ 2,510,456
Adjustments to reconcile net income to net cash used in operating activities:
Goodwill impairments		3,896,818
Depreciation of plant and equipment	59,089	19,869
Amortization of intangible assets	1,240,281	141
Issuance of common stock for employee compensation	16,923,850
Issuance of common stock for Bonus	2,563,618
Disposal of the company	11,170,638	(7,904,367)
Deferred tax provision		(82,511)
Goodwill impairment	1,163,001
Change in operating assets and liabilities
Notes receivable		43,481
Accounts receivables	(420,731)	1,208,262
Other receivables	469,542	(473,468)
Other receivable - related party	(371,035)	(204,127)
Inventories	(591,636)	219,956
Prepayments	(27,626,241)	(402,639)
Accounts payable	2,746,201	633,215
Other payables and accrued liabilities	5,362,044	31,269
Customer deposits	6,582,582	395,197
Lease liabilities	2,587	37,859
Taxes payable	2,186,050	68,488
Net cash used in operating activities	(5,511,052)	(2,101)
Net increase in cash from acquisition of Wuge		288,788
Net decrease in cash from disposal of discontinued operations	(961,706)	(470,576)
Purchase of intangible assets		(1,160,053)
Purchase of financial products		(3,116,123)
Purchase of equipment	(308,778)	(72,844)
Net cash used in investing activities	(1,270,484)	(4,530,808)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock	22,539,996	2,609,894
Proceeds from short-term loans of discontinued operations	255,766	449,301
Net cash provided by financing activities	22,795,762	3,059,195
EFFECT OF EXCHANGE RATE ON CASH	(2,424,613)	(11,136)
(DECREASE) INCREASE IN CASH	13,589,613	(1,484,850)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	998,717	2,483,567
CASH AND CASH EQUIVALENTS, END OF YEAR	14,588,330	998,717
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income tax		22,211
Cash paid for interest	7,804	18,235
NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES
Issuance of common stock for Bonus	2,563,618
Issuance of common stock for purchase Bitcoin mining machines	6,160,000
Issuance of common stock for purchase digital currency mining machines	16,442,111
Issuance of common stock for employee compensation	16,923,850
The cancellation of the common stock	1,615,939	1,732,114
Initial recognition of right-of-use assets and lease liabilities	$ 22,076	$ 134,990

Nature of Business and Organiza

Nature of Business and Organization	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Nature of business and organization	Note 1 – Nature of business and organization Code Chain New Continent Limited (the “Company” or “CCNC”), formerly known as TMSR Holding Company Limited and JM Global Holding Company, was a blank check company incorporated in Delaware on April 10, 2015. The Company was formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, exchangeable share transaction or other similar business transaction, one or more operating businesses or assets. On June 20, 2018, CCNC completed a reincorporation and as a result, the Company changed its state of incorporation from Delaware to Nevada (the “Reincorporation”). The Articles of Incorporation and Bylaws of CCNC Nevada became the governing instruments of the Company, resulting in a 2-for-1 forward stock split of the Company’s common stock (the “Forward Split). The Reincorporation and Forward Split were approved by shareholders holding the majority of the outstanding shares of common stock of CCNC Delaware on June 1, 2018 at the Annual Meeting of Shareholders. On February 6, 2018, China Sunlong Environmental Technology Inc. (“China Sunlong”) consummated the business combination with the Company pursuant to a Share Exchange Agreement (the “Share Exchange Agreement”) dated as of August 28, 2017 by and among (i) the Company; (ii) Zhong Hui Holding Limited; (iii) China Sunlong; (iv) each of the shareholders of China Sunlong named on Annex I of the Share Exchange Agreement (the “Sellers”); and (v) Chuanliu Ni, a Chinese citizen who is the Chief Executive Officer and director of China Sunlong, in the capacity as the representative for the Sellers. Pursuant to the Share Exchange Agreement, the Company acquired from the Sellers all of the issued and outstanding equity interests of China Sunlong in exchange for 17,990,856 newly-issued shares of common stock of the Company to the Sellers. 1,799,088 of these newly-issued shares are held in escrow for 18 months from the closing date of the Business Combination as a security for China Sunlong and the Sellers’ indemnification obligations under the Share Exchange Agreement. This transaction is accounted for as a “reverse merger” and recapitalization at the date of the consummation of the transaction since the shareholders of China Sunlong owns the majority of the outstanding shares of the Company immediately following the completion of the transaction and the Company’s operations was the operations of China Sunlong following the transaction. Accordingly, China Sunlong was deemed to be the accounting acquirer in the transaction and the transaction was treated as a recapitalization of China Sunlong. The financial statements of China Sunlong prior to February 6, 2018 are prepared on the basis as if the reorganization became effective as of the beginning of the first period presented in the accompanying consolidated financial statements of the Company. China Sunlong is a holding company incorporated on August 31, 2015, under the laws of the Cayman Islands. China Sunlong has no substantive operations other than holding all of the outstanding share capital of Shengrong Environmental Protection Holding Company Limited (“Shengrong BVI”). Shengrong BVI is a holding company incorporated on June 30, 2015, under the laws of the British Virgin Islands. Shengrong BVI has no substantive operations other than holding all of the outstanding share capital of Hong Kong Shengrong Environmental Technology Limited (“Shengrong HK”). Shengrong HK is also a holding company holding all of the outstanding equity of Shengrong Environmental Protection Technology (Wuhan) Co., Ltd. (“Shengrong WFOE”). The Company previously focused on industrial solid waste recycling and comprehensive utilization. The Company’s main products are high efficiency permanent magnetic separators and comprehensive utilization systems for industrial solid wastes. The Company’s headquarter is located in Hubei Province, in the People’s Republic of China (the “PRC” or “China”). All of the Company’s business activities are carried out by the wholly owned operating Chinese company, Hubei Shengrong Environmental Protection Energy-Saving Science and Technology Ltd. (“Hubei Shengrong”) prior to May 1, 2018. On April 11, 2018, the Company, Shengrong WFOE and Hubei Shengrong, both of which are the Company’s indirectly owned subsidiaries (collectively “Purchasers”), entered into a Share Purchase Agreement with Long Liao, Chunyong Zheng, Wuhan Modern Industrial Technology Research Institute, and Hubei Zhonggong Materials Group Co., Ltd. (collectively “Sellers” ) and Wuhan HOST Coating Materials Co., Ltd. (“Wuhan HOST”), a company incorporated in China engaging in the research, development, production and sale of coating materials. Pursuant to the Share Purchase Agreement, as supplemented on August 16, 2018, the Purchasers acquired all of the outstanding equity interests of Wuhan Host. In exchange for the transfer of 100% equity interest of Wuhan Host, Purchasers shall pay a total consideration of $11.2 million, of which $4.7 million or RMB equivalent shall be paid in cash and $6.0 million shall be paid in shares of common stock, of CCNC (“Share Consideration”). The Parties agree the Share Consideration shall be an aggregate of 1,012,932 shares of common stock of which is based on the closing price of US$4.64 on March 27, 2018. On March 31, 2017, China Sunlong completed its acquisition of 100% of the equity in TJComex International Group Corporation (“TJComex BVI”). At the closing of such acquisition, the selling shareholders of TJComex BVI received 5,935 shares of China Sunlong Common Stock valued at $926.71 per share for 100% of their equity in TJComex BVI. TJComex BVI owns 100% of the issued and outstanding capital stock of TJComex Hong Kong Company Limited (“TJComex HK”), a Hong Kong limited liability company, which owns 100% equity interest of Tianjin Corro Technological Consulting Co., Ltd. (“TJComex WFOE”), a wholly foreign owned enterprise incorporated under the laws of the PRC. Pursuant to certain contractual arrangements, TJComex WFOE controls Tianjin Commodity Exchange Co., Ltd. (“TJComex Tianjin”), a limited liability company incorporated under the law of the PRC. TJComex Tianjin is engaged in general merchandise trading business and related consulting services, and its headquarter is located in the city of Tianjin, PRC. On April 2, 2018, the Company disposed of its subsidiary, TJComex BVI in consideration of (i) its minimum contribution to the Company’s results of operation and (ii) the unsatisfactory synergy between the TJComex BVI business and the rest of the Company’s business. The Company’s decision to dispose of TJComex BVI is to (i) improve the Company’s overall financial condition and results of operations, (ii) reduce the complexity of the Company’s business, (iii) focus the Company’s resources on the solid waste recycling business as well as developing environmental control business opportunities; and (iv) make it possible for the Company to pursue acquisition opportunities for more compatible businesses. TJComex BVI was disposed to Chuanliu Ni, a Chinese citizen who is the director of China Sunlong. As of April 2, 2018, the net assets of TJComex BVI were $16,598 and is being recorded as a loss from disposal of subsidiary in the consolidated financial statements for the period ending December 31, 2018. As TJComex BVI operating revenue was less than 1% of the Company’s revenue and the disposal did not constitute a strategic shift that will have a major effect on the Company’s operations and financial results, the results of operations for TJComex BVI were not reported as discontinued operations under the guidance of Accounting Standards Codification 205. On October 10, 2017, Hubei Shengrong established a wholly owned subsidiary, Fujian Shengrong Environmental Protection Energy-Saving Science and Technology Ltd. (“Fujian Shengrong”), with registered capital of RMB 10,000,000 (approximately USD 1,518,120). Fujian Shengrong has no operations prior to May 30, 2018. On May 30, 2018, Hubei Shengrong and two unrelated entities entered into certain Capital Transfer and Contribution Agreement pursuant to which these two entities shall contribute cash of approximately USD 5.0 million (RMB 32.0 million) into Fujian Shengrong and Hubei Shengrong shall contribute approximately USD 1.3 million (RMB 8.0 million) which is the consideration for certain technology consulting services to be provided by Hubei Shengrong to the two entities. Upon completion of the contribution, the total registered capital of Fujian Shengrong increased to RMB 40.0 million (approximately USD 6.3 million) and Hubai Shengrong owns 20% and the two entities collectively own 80% of the equity interest of Fujian Shengrong. In August 2018, Hubei Shengrong transferred 20% equity interest of Fujian Shengrong to Shengrong WFOE. The Company will account for the investment in Fujian Shengrong using the cost method. Since Shengrong WFOE did not provide any cash contribution to Fujian Shengrong or technology services, the investment balance under the cost method investment on Decemeber 31, 2021 is $0. On November 30, 2018, the Company entered into a Share Purchase Agreement with Jirong Huang and Qihuang Wang (collectively “Sellers”) and Jiangsu Rong Hai Electric Power Fuel Co., Ltd. (“Rong Hai”), a company incorporated in China engaging in the sale of fuel materials and harbor cargo handling services. Pursuant to the Share Purchase Agreement, CCNC shall issue an aggregate of 4,630,000 shares of CCNC’s common stock to the Rong Hai Shareholders, in exchange for Rong Hai Shareholders’ agreement to enter into, and their agreement to cause Rong Hai to enter into, certain VIE Agreements (the “Rong Hai VIE Agreements”) with Shengrong WFOE, through which Shengrong WFOE shall have the right to control, manage and operate Rong Hai in return for a service fee approximately equal to 100% of Rong Hai’s net income (“Acquisition”). On November 30, 2018, Shengrong WFOE, the Company’s indirectly owned subsidiary, entered into a series of VIE Agreements with Rong Hai and the Rong Hai Shareholders. The VIE Agreements are designed to provide Shengrong WFOE with the power, rights and obligations equivalent in all material respects to those it would possess as the sole equity holder of Rong Hai, including absolute rights to control the management, operations, assets, property and revenue of Rong Hai. Rong Hai has the necessary license to carry out coal trading business in China. The Acquisition closed on November 30, 2018. Starting on November 30, 2018, the Company’s business activities added coal wholesales and sales of coke, steels, construction materials, mechanical equipment and steel scrap, of which business activities are carried out in Nantong, Jiang Su Province, PRC. On December 27, 2018, the Company, entered into an Equity Purchase Agreement with Hopeway International Enterprises Limited., a private limited company duly organized under the laws of British Virgin Islands (the “Hopeway”). Pursuant to the Equity Purchase Agreement, Shengrong WOFE shall sell 100% equity interests in Hubei Shengrong to Hopeway in exchange for Hopeway’s agreement to irrevocably forfeit and cancel 8,523,320 shares of common stock of the Company, constituting all the shares owned by Hopeway. The transaction contemplated by the Equity Purchase Agreement is hereby referred as Disposition. The Company’s decision to dispose of Hubei Shengrong is due to the planning mandates of Wuhan Municipal Government 2018 which manufactures should move away from city’s downtown area. Therefore, due to the policy change, Hubei Shengrong is forced to close the existing facility, relocate and build a new facility, which is expected to take approximately 7-8 years. As a result, Hubei Shengrong will not be able to keep the production running and will generate no income in the foreseeable future. Management believed it is very difficult, if possible at all, to continue manufacturing of solid waste recycling systems. As such, the Company has been actively seeking to dispose Hubei Shengrong while retaining the research and development and sale of solid waste recycling systems business. Upon closing of the Disposition, Hopeway will become the sole shareholder of Hubei Shengrong and as a result, assume all assets and obligations of Hubei Shengrong except the research and development team and intellectual property rights in connection with the solid waste recycling systems business shall be assigned to Shengrong WFOE as part of the Disposition. As Shengrong WFOE has significant continuing involvement in the sale of solid waste recycling systems business and the processed industrial waste materials trading business, this restructuring did not constitute a strategic shift that will have a major effect on the Company’s operations and financial results. Therefore, the results of operations for Hubei Shengrong were not reported as discontinued operations under the guidance of Accounting Standards Codification 205. In April 2019, TMSR Holdings Limited (“TMSR HK”), our indirect wholly owned subsidiary, was incorporated under the laws of Hong Kong. In August 2019, Tongrong Technology (Jiangsu) Co., Ltd. (“Tongrong WFOE”), our indirect wholly owned subsidiary, was incorporated under the laws of PRC. In August 2019, Citi Profit Investment Holding Limited (“Citi Profit”), an exempted company formed under the laws of the British Virgin Islands, became our wholly owned subsidiary. TMSR HK, Tongrong WFOE and Citi Profit are all holding companies that do not have any substantive business operations. On January 3, 2020, the Company entered into a share purchase agreement with Sichuan Wuge Network Games Co., Ltd. (“Wuge”) and all the shareholders of Wuge, including Wei Xu, Bibo Lin, Jiangsu Lingkong Network Joint Stock Co., Ltd., which is controlled by Wei Xu, and Anhui Shuziren Network Technology Co., Ltd., which is also controlled by Wei Xu. Pursuant to the share purchase agreement, on January 24, 2020, the Company issued an aggregate of 4,000,000 shares of TMSR’s common stock to the shareholders of Wuge, in exchange for Wuge’s shareholders’ agreement to enter into, and their agreement to cause Wuge to enter into, certain VIE agreements (the “Wuge VIE Agreements”) with Tongrong WFOE, through which Tongrong WFOE has the right to control, manage and operate Wuge in return for a service fee equal to 100% of Wuge’s net income. On April 30, 2020, Tongrong WFOE entered into a series of assignment agreements with Shengrong WFOE, Rong Hai and shareholders of Rong Hai, pursuant to which Shengrong WFOE assign all its rights and obligations under the Rong Hai VIE Agreements to Tongrong WFOE. The Rong Hai VIE Agreements and the Assignment Agreements grant Tongrong WFOE with the power, rights and obligations equivalent in all material respects to those it would possess as the sole equity holder of Rong Hai, including absolute rights to control the management, operations, assets, property and revenue of Rong Hai. The assignment does not have any impact on Company’s consolidated financial statements. Effective May 18, 2020, the Company changed its corporate name from “TMSR Holding Company Limited” to “Code Chain New Continent Limited” pursuant to a Certificate of Amendment to the Company’s Articles of Incorporation filed with the Secretary of State of the State of Nevada. In connection with the name change, effective May 18, 2020, the ticker symbol of the Company’s common stock and warrants changed from “TMSR” and “TMSRW” to “CCNC” and “CCNCW”, respectively. On June 30, 2020, the Company entered into a share purchase agreement with Jiazhen Li, former CEO of the Company (the “Buyer”), Long Liao and Chunyong Zheng, who are former shareholders of Wuhan HOST Coating Materials Co., Ltd., an indirect subsidiary of the Company, (collectively the “Payees”). Pursuant to the Agreement, the Company agreed to sell, and the Buyer agreed to purchase all the issued and outstanding ordinary shares of China Sunlong (the “Sunlong Shares”). The Payees have a prior relationship with the Buyer and have agreed to be responsible for the payment of the purchase price on behalf of Buyer. The purchase price for the Sunlong Shares shall be $1,732,114, payable in consideration of cancellation of 1,012,932 shares of the Company owned by the Payees (the “CCNC Shares”). The CCNC Shares are valued at $1.71 per share, based on the closing price of the Company’s common stock on June 30, 2020. The CCNC Shares were cancelled on August 31, 2020. In December 2020, Makesi Iot Technology (Shanghai) Co., Ltd. (“Makesi WFOE”), our indirect wholly owned subsidiary, was incorporated under the laws of PRC. On January 11, 2021, Makesi WFOE entered into a series of assignment agreements (the “Assignment Agreements”) with Tongrong WFOE, Wuge and Wuge Shareholders, pursuant to which Tongrong WFOE assign all its rights and obligations under the VIE Agreements to Makesi WFOE (the “Assignment”). The VIE Agreements and the Assignment Agreements grant Makesi WFOE with the power, rights and obligations equivalent in all material respects to those it would possess as the sole equity holder of Wuge, including absolute rights to control the management, operations, assets, property and revenue of Wuge. The Assignment does not have any impact on Company’s consolidated financial statements. On March 30, 2021, the Company entered into a share purchase agreement with a buyer unaffiliated with the Company (the “Buyer”), and Qihai Wang, former director of the Company (the “Payee”). Pursuant to the agreement, the Company agreed to sell and the Buyer agreed to purchase all the issued and outstanding ordinary shares (the “Tongrong Shares”) of Tongrong WFOE. The Payee agreed to be responsible for the payment of the purchase price on behalf of Buyer. The purchase price for the Tongrong Shares shall be $2,464,411, payable in the form of cancelling 426,369 shares of common stock of the Company owned by the Payee (the “CCNC Shares”). The CCNC Shares are valued at $5.78 per share, based on the average closing price of the Company’s common stock during the 30 trading days immediately prior to the date of the agreement from February 12, 2021 to March 26, 2021. On March 31, 2021, the Company closed the sale of the Tongrong Shares and caused the CCNC Shares to be cancelled. Tongrong WFOE contractually controls Rong Hai. The disposition of Tongrong WFOE included disposition of Rong Hai. The accompanying consolidated financial statements reflect the activities of CCNC and each of the following entities: Name Background Ownership China Sunlong 3 ● A Cayman Islands company 100% owned by the Company Shengrong BVI 3 ● ● A British Virgin Island company Incorporated on June 30, 2015 100% owned by China Sunlong Citi Profit BVI ● A British Virgin Island company Incorporated on April 2019 100% owned by the Company Shengrong HK 3 ● ● A Hong Kong company Incorporated on September 25, 2015 100% owned by Shengrong BVI TMSR HK ● ● A Hong Kong company Incorporated on April 2019 100% owned by Citi Profit BVI Shengrong WFOE 3 ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) 100% owned by Shengrong HK ● ● ● ● Incorporated on March 1, 2016 Registered capital of USD 12,946 (HKD100,000), fully funded Purchase and sales of high efficiency permanent magnetic separator and comprehensive utilization system Trading of processed industrial waste materials Tongrong WFOE 4 ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) Incorporated on August 2019 100% owned by TMSR HK Makesi WFOE ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) Incorporated on December 2020 100% owned by TMSR HK Hubei Shengrong 2 ● ● A PRC limited liability company Incorporated on January 14, 2009 100% owned by Shengrong WFOE ● Registered capital of USD 4,417,800 (RMB 30,000,000), fully funded ● ● Production and sales of high efficiency permanent magnetic separator and comprehensive utilization system. Trading of processed industrial waste materials Wuhan HOST 3 ● ● ● A PRC limited liability company Incorporated on October 27, 2010 Registered capital of USD 750,075 (RMB 5,000,000), fully funded 100% owned by Shengrong WFOE ● Research, development, production and sale of coating materials. Shanghai Host Coating Materials Co., Ltd. (“Shanghai HOST”) 3 ● ● ● A PRC limited liability company Incorporated on December 11, 2014 Registered capital of USD 3,184,371 (RMB 20,000,000), to be fully funded by November 2024 80% owned by Wuhan HOST ● No operations and no capital contribution has been made as of Wuhan HOST Coating Materials Xiaogan Co., Ltd. (“Xiaogan HOST”) 3 ● ● ● ● A PRC limited liability company Incorporated on December 25, 2018 Registered capital of USD 11,595,379 (RMB 80,000,000), to be fully funded by December 2028 No operations and no capital contribution has been made as of 90% owned by Wuhan HOST Jiangsu Rong Hai Electric Power Fuel Co., Ltd. (“Rong Hai”) 4 ● ● ● ● A PRC limited liability company Incorporated on May 20, 2009 Registered capital of USD 3,171,655 (RMB 20,180,000), fully funded Coal wholesales and sales of coke, steels, construction materials, mechanical equipment and steel scrap VIE of Tongrong WFOE Wuge ● ● A PRC limited liability company Incorporated on July 4, 2019 VIE of Makesi WFOE TJComex BVI 1 ● ● A British Virgin Island company Incorporated on March 8, 2016 100% owned by China Sunlong TJComex HK 1 ● ● A Hong Kong company Incorporated on March 19, 2014 100% owned by TJComex BVI TJComex WFOE 1 ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) 100% owned by TJComex HK ● Incorporated on March 10, 2004 ● Registered capital of USD 200,000 TJComex Tianjin 1 ● A PRC limited liability company Incorporated on November 19, 2007 100% owned by TJComex WFOE ● Registered capital of USD 7,809,165 (RMB 55,000,000) ● General merchandise trading business and related consulting services 1 Disposed on April 2, 2018 2 Disposed on December 27, 2018 3 4 Disposed on June 30, 2020 Disposed on March 31, 2021 Contractual Arrangements Rong Hai was and Wuge is controlled through contractual agreements in lieu of direct equity ownership by the Company or any of its subsidiaries. Such contractual arrangements consist of a series of five agreements, consulting services agreement, equity pledge agreement, call option agreement, voting rights proxy agreement, and operating agreement (collectively the “Contractual Arrangements”). Material terms of each of the Rong Hai VIE Agreements are described below. The Company disposed Tongrong WFOE and Rong Hai as of March 31, 2021. Consulting Services Agreement Pursuant to the consulting services agreement between Rong Hai and Shengrong WFOE dated November 30, 2018 and the agreement to assign consulting services agreement among Rong Hai, Shengrong WFOE and Tongrong WFOE dated April 30, 2020, Tongrong WFOE has the exclusive right to provide consulting services to Rong Hai relating to Rong Hai’s business, including but not limited to business consulting services, human resources development, and business development. Tongrong WFOE exclusively owns any intellectual property rights arising from the performance of this agreement. Tongrong WFOE has the right to determine the service fees based on Rong Hai’s actual operation on a quarterly basis. This consulting services agreement took effect upon execution and shall remain in full force and effective until Rong Hai’s valid operation term expires. Tongrong WFOE may, at its discretion, decide to renew or terminate this consulting services agreement. Equity Pledge Agreement. Under the equity pledge agreement among Shengrong WFOE, Rong Hai and the shareholders of Rong Hai dated November 30, 2018, and the agreement to assign equity pledge agreement among Rong Hai, Shengrong WFOE and Tongrong WFOE dated April 30, 2020, the shareholders pledged all of their equity interests in Rong Hai to Tongrong WFOE to guarantee Rong Hai’s performance of relevant obligations and indebtedness under the consulting services agreement. In addition, the shareholders of Rong Hai have completed the registration of the equity pledge under the agreement with the competent local authority. If Rong Hai breaches its obligation under the consulting services agreement, Tongrong WFOE, as pledgee, will be entitled to certain rights, including the right to sell the pledged equity interests. This equity pledge agreement took effect upon execution and shall remain in full force and effective until Rong Hai and Tongrong WFOE’s satisfaction of all contractual obligations and settlement of all secured indebtedness. Upon Tongrong WFOE’s request, Rong Hai shall extend its operation period to sustain the effectiveness of this equity pledge agreement. Call Option Agreement Under the call option agreement among Shengrong WFOE, Rong Hai and the shareholders of Rong Hai dated November 30, 2018 and the agreement to assign call option agreement among Rong Hai, Shengrong WFOE and Tongrong WFOE dated April 30, 2020, each of the shareholders of Rong Hai irrevocably granted to WFOE or its designee an option to purchase at any time, to the extent permitted under PRC law, all or a portion of his equity interests in Rong Hai. Also, Tongrong WFOE or its designee has the right to acquire any and all of its assets of Rong Hai. Without Tongrong WFOE’s prior written consent, Rong Hai’s shareholders cannot transfer their equity interests in Rong Hai, and Rong Hai cannot transfer its assets. The acquisition price for the shares or assets will be the minimum amount of consideration permitted under the PRC law at the time of the exercise of the option. This call option agreement took effect upon execution. Rong Hai and Tongrong WFOE shall not terminate this call option agreement under any circumstances for any reason unless it is early terminated by Tongrong WFOE or by the requirements under the applicable laws. This call option agreement shall be terminated provided that all equity interest or assets under this option is transferred to Tongrong WFOE or its designee. Voting Rights Proxy Agreement Under the voting rights proxy agreement among Shengrong WFOE and the shareholders of Rong Hai dated November 30, 2018 and the agreement to assign voting rights proxy agreement among Rong Hai, Shengrong WFOE and Tongrong WFOE dated April 30, 2020, each shareholder of Rong Hai irrevocably appointed Shengrong WFOE as its attorney-in-fact to exercise on such shareholder’s behalf any and all rights that such shareholder has in respect of his equity interests in Rong Hai, including but limited to the power to vote on its behalf on all matters of Rong Hai requiring shareholder approval in accordance with the articles of association of Rong Hai. The voting rights proxy agreement took effect upon execution of and shall remain in effect indefinitely for the maximum period of time permitted by law in consideration of Tongrong WFOE. Operating Agreement Pursuant to the operating agreement among Shengrong WFOE, Rong Hai and the shareholders of Rong Hai dated November 30, 2018 and the agreement to assign operating agreement among Rong Hai, Shengrong WFOE and Tongrong WFOE dated April 30, 2020, Rong Hai and the shareholders of Rong Hai agreed not to enter into any transaction that could materially affect Rong Hai’s assets, obligations, rights or operations without prior written consent from Tongrong WFOE, including but not limited to the amendment of the articles of association of Rong Hai. Rong Hai and its shareholders agree to accept and follow our corporate policies provided by Tongrong WFOE in connection with Rong Hai’s daily operations, financial management and the employment and dismissal of Rong Hai’s employees. Rong Hai agreed that it should seek guarantee from Tongrong WFOE first if any guarantee is needed for Rong Hai’s performance of any contract or loan in the course of its business operation. This operating agreement took effect upon execution and shall remain in full force and effective until Rong Hai’s valid operation term expires. Either party of Tongrong WFOE and Rong Hai shall complete approval or registration procedures for the extension of its business term three months prior to the expiration of its business term, for the purpose of the maintenance of the effectiveness of this operating agreement. Material terms of each of the Wuge VIE Agreements are described below: Technical Consultation and Services Agreement. Pursuant to the technical consultation and services agreement between Wuge and Tongrong WFOE dated January 3, 2020, Tongrong WFOE has the exclusive right to provide consultation services to Wuge relating to Wuge’s business, including but not limited to business consultation services, human resources development, and business development. Tongrong WFOE exclusively owns any intellectual property rights arising from the performance of this agreement. Tongrong WFOE has the right to determine the service fees based on Wuge’s actual operation on a quarterly basis. This agreement will be effective as long as Wuge exists. Tongrong WFOE may terminate this agreement at any time by giving a 30 days’ prior written notice to Wuge. Equity Pledge Agreement. Under the equity pledge agreement among Tongrong WFOE, Wuge and Wuge Shareholders dated January 3, 2020, Wuge Shareholders pledged all of their equity interests in Wuge to Tongrong WFOE to guarantee Wuge’s performance of relevant obligations and indebtedness under the technical consultation and services agreement. In addition, Wuge Shareholders will complete the registration of the equity pledge under the agreement with the competent local authority. If Wuge breaches its obligation under the technical consultation and services agreement, Tongrong WFOE, as pledgee, will be entitled to certain rights, including the right to sell the pledged equity interests. This pledge will remain effective until all the guaranteed obligations are performed or the Wuge Shareholders cease to be shareholders of Wuge. Equity Option Agreement. Under the equity option agreement among Tongrong WFOE, Wuge and Wuge Shareholders dated January 3, 2020, each of Wuge Shareholders irrevocably granted to Tongrong WFOE or its designee an option to purchase at any time, to the extent permitted under PRC law, all or a portion of his equity interests in Wuge. Also, Tongrong WFOE or its designee has the right to acquire any and all of its assets of Wuge. Without Tongrong WFOE’s prior written consent, Wuge’s shareholders cannot transfer their equity interests in Wuge and Wuge cannot transfer its assets. The acquisition price for the shares or assets will be the minimum amount of consideration permitted under the PRC law at the time of the exercise of the option. This pledge will remain effective until all options have been exercised. Voting Rights Proxy and Financial Support Agreement. Under the voting rights proxy and financial support agreement among Tongrong WFOE, Wuge and Wuge Shareholders dated January 3, 2020, each Wuge Shareholder irrevocably appointed Tongrong WFOE as its attorney-in-fact to exercise on such shareholder’s behalf any and all rights that such shareholder has in respect of his equity interests in Wuge, including but not limited to the power to vote on its behalf on all matters of Wuge requiring shareholder approval in accordance with the articles of association of Wuge. The proxy agreement is for a term of 20 years and can be extended by Tongrong WFOE unilaterally by prior written notice to the other parties. On January 11, 2021, Makesi WFOE entered into a series of assignment agreements (the “Assignment Agreements”) with Tongrong WFOE, Wuge and Wuge Shareholders, pursuant to which Tongrong WFOE assign all its rights and obligations under the VIE Agreements to Makesi WFOE (the “Assignment”). The VIE Agreements and the Assignment Agreements grant Makesi WFOE with the power, rights and obligations equivalent in all material respects to those it would possess as the sole equity holder of Wuge, including absolute rights to control the management, operations, assets, property and revenue of Wuge. The Assignment does not have any impact on Company’s consolidated financial statements. As of the date of this report, the Company primary operations are focused on the Wuge business that is in the digital door sign space. All prior energy or industrial solid waste recycling and any comprehensive environmental solutions business have been disc

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of significant accounting policies Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for information pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”). Principles of consolidation The consolidated financial statements of the Company include the accounts of CCNC and its wholly owned subsidiaries and VIEs. All intercompany transactions and balances are eliminated upon consolidation. Use of estimates and assumptions The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives of intangible assets, revenues, deferred revenues and plant and equipment, impairment of long-lived assets, collectability of receivables, inventory valuation allowance, and realization of deferred tax assets. Actual results could differ from these estimates. Foreign currency translation and transaction The reporting currency of the Company is the U.S. dollar. The Company in China conducts its businesses in the local currency, Renminbi (RMB), as its functional currency. Assets and liabilities are translated at the unified exchange rate as quoted by the People’s Bank of China at the end of the period. The results of operations are translated at the average translation rates and the equity accounts are translated at historical rates. Translation adjustments resulting from this process are included in accumulated other comprehensive income. 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. Translation adjustments included in accumulated other comprehensive income amounted to $225,857 and $935,638 as of December 31, 2021 and 2020, respectively. The balance sheet amounts, with the exception of shareholders’ equity as of December 31, 2021 and 2020 were translated at 6.38 RMB and 6.52 RMB to $1.00, respectively. The shareholders’ equity accounts were stated at their historical rate. The average translation rates applied to statement of income accounts for the years ended December 31, 2021 and 2020 were 6.45 RMB and 6.90 RMB, respectively. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheet. The PRC government imposes significant exchange restrictions on fund transfers out of the PRC that are not related to business operations. These restrictions have not had a material impact on the Company because it has not engaged in any significant transactions that are subject to the restrictions. Investments The Company purchases certain liquid short term investments such as money market funds and or other short term debt securities marketed by financial institutions. These investments are not insured against loss of principal. These investments are accounted for as financial instruments that are marked to fair market value at the end of each reporting period. For investments that are held to maturity debt instruments, which have short maturities, and limited risk profiles, amortized cost may be the best approximation of their fair value and used for such investments. Accounts receivable, net Accounts receivable include trade accounts due from customers. An allowance for doubtful accounts may be established and recorded based on management’s assessment of potential losses based on the credit history and relationships with the customers. Management reviews its receivables on a regular basis to determine if the bad debt allowance is adequate, and adjusts the allowance when necessary. Delinquent account balances are written-off against allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. Inventories Inventories are comprised of raw materials and work in progress and are stated at the lower of cost or net realizable value using the weighted average method in Wuge. Management reviews inventories for obsolescence and cost in excess of net realizable value at least annually and recognize an impairment charge against the inventory when the carrying value exceeds net realizable value. As of December 31, 2021 and 2020, no obsolescence and cost in excess of net realizable value were recognized. Prepayments Prepayments are funds deposited or advanced to outside vendors for future inventory or services to be received. As a standard practice in China, many of the Company’s vendors require a partial or full payment prior to production and shipment of finished goods This amount is refundable and bears no interest. The Company has legally binding contracts with its vendors, which require any outstanding prepayments to be returned to the Company when the contract ends. Plant and equipment Plant and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method after consideration of the estimated useful lives of the assets and estimated residual value. The estimated useful lives and residual value are as follows: Useful Life Estimated Building 5 – 20 years 5 % Office equipment and furnishing 5 years 5 % Production equipment 3-10 years 5 % Automobile 5 years 5 % Leasehold improvements Shorter of the remaining lease terms or estimated useful lives 0 % The cost and related accumulated depreciation and amortization of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated statements of income and comprehensive income. Expenditures for maintenance and repairs are charged to earnings as incurred, while additions, renewals and betterments, which are expected to extend the useful life of assets, are capitalized. The Company also re-evaluates the periods of depreciation and amortization to determine whether subsequent events and circumstances warrant revised estimates of useful lives. Intangible assets Intangible assets represent land use rights and patents and software licenses, and they are stated at cost, less accumulated amortization. Research and development costs associated with internally developed patents are expensed when incurred. Amortization expense is recognized on the straight-line basis over the estimated useful lives of the assets. All land in the PRC is owned by the government; however, the government grants “land use rights.” The Company has obtained the rights to use various parcels of land. The patents have finite useful lives and are amortized using a straight-line method that reflects the estimated pattern in which the economic benefits of the intangible asset are to be consumed. The Company amortizes the cost of the land use rights and patents, over their useful life using the straight-line method. The Company also re-evaluates the periods of amortization to determine whether subsequent events and circumstances warrant revised estimates of useful lives. The estimated useful lives are as follows: Useful Life Land use rights 50 years Patents 10 - 20 years Software 5 years Goodwill Goodwill represents the excess of the consideration paid of an acquisition over the fair value of the net identifiable assets of the acquired subsidiary at the date of acquisition. Goodwill is not amortized and is tested for impairment at least annually, more often when circumstances indicate impairment may have occurred. Goodwill is carried at cost less accumulated impairment losses. If impairment exists, goodwill is immediately written off to its fair value and the loss is recognized in the consolidated statements of income. Impairment losses on goodwill are not reversed. Impairment for long-lived assets Long-lived assets, including plant, equipment and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flows the assets are expected to generate and recognize an impairment loss when estimated undiscounted future cash flows expected to result from the use of the asset plus net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. If an impairment is identified, the Company would reduce the carrying amount of the asset to its estimated fair value based on a discounted cash flows approach or, when available and appropriate, to comparable market values. Fair value measurement The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company. The Company considers the carrying amount of cash, short term held to maturity investments, notes receivable, accounts receivable, other receivables, prepayments, accounts payable, other payables and accrued liabilities, customer deposits, short term loans and taxes payable to approximate their fair values because of their short term nature. The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow: ● 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. Financial instruments included in current assets and current liabilities are reported in the consolidated balance sheets at face value or cost, which approximate fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest. Customer deposits Wuge typically receives customer deposits for services to be rendered from its customers. As Wuge delivers the services, it will recognize these deposits to results of operations in accordance to its revenue recognition policy. Revenue recognition On January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) 2014-09 Revenue from Contracts with Customers (ASC 606) using the modified retrospective method for contracts that were not completed as of January 1, 2018. This did not result in an adjustment to retained earnings upon adoption of this new guidance as the Company’s revenue, other than retainage revenues, was recognized based on the amount of consideration we expect to receive in exchange for satisfying the performance obligations. However, the impact of the Company’s retainage revenue was not material as of the date of adoption, and as a result, did not result in an adjustment. The core principle underlying the revenue recognition ASU is that the Company will recognize revenue to represent the transfer of goods and services to customers in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. This will require the Company to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfers to a customer. The Company’s revenue streams are primarily recognized at a point in time except for the retainage revenues where the retainage periods are recognized over the retainage period, usually is a period of twelve months. The ASU requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation. The application of the five-step model to the revenue streams compared to the prior guidance did not result in significant changes in the way the Company records its revenue. Upon adoption, the Company evaluated its revenue recognition policy for all revenue streams within the scope of the ASU under previous standards and using the five-step model under the new guidance and confirmed that there were no differences in the pattern of revenue recognition except its retainage revenues. An entity will also be required to determine if it controls the goods or services prior to the transfer to the customer in order to determine if it should account for the arrangement as a principal or agent. Principal arrangements, where the entity controls the goods or services provided, will result in the recognition of the gross amount of consideration expected in the exchange. Agent arrangements, where the entity simply arranges but does not control the goods or services being transferred to the customer, will result in the recognition of the net amount the entity is entitled to retain in the exchange. Revenue from equipment and systems, revenue from coating and fuel materials, and revenue from trading and others are recognized at the date of goods delivered and title passed to customers, when a formal arrangement exists, the price is fixed or determinable, the Company has no other significant obligations and collectability is reasonably assured. Such revenues are recognized at a point in time after all performance obligations are satisfied under the new five-step model. In addition, training service revenues are recognized when the services are rendered and the Company has no other obligations, and collectability is reasonably assured. These revenues are recognized at a point in time. Revenues from digital doors signs are recognized at a point in time when legal title and control over the sign is transferred to the customer. Management has determined that for the sales of digital door signs there is a single performance obligation that is met when the aforementioned control is transferred. Typically, customers make payment for the product in advance; the Company will record the payment as contract liabilities under the liability account customer deposits until the Company delivers the product by transferring control. The Company recognized $900,522 from customer deposits into revenues during the year ended December 31, 2021 resulting from the sale of digital door signs. Payments received prior to the relevant criteria for revenue recognition are met, are recorded as customer deposits. The Company’s disaggregate revenue streams are summarized as follows: For the year ended 2021 2020 Revenues –Wuge digital door signs $ 25,029,949 $ - Revenues – Trading and others - 591,455 Total revenues $ 25,029,949 $ 591,455 Research and Development (“R&D”) Expenses Research and development expenses include salaries and other compensation-related expenses paid to the Company’s research and product development personnel while they are working on R&D projects, as well as raw materials used for the R&D projects. R&D expenses incurred by the Company are included in the selling, general and administrative expenses. Income taxes The Company accounts for income taxes in accordance with U.S. GAAP for income 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. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit 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 income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in 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. 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. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. The Company incurred no such penalties and interest for the year ended December 31, 2021 and 2020. As of December 31, 2021, the Company’s PRC tax returns filed for 2018, 2019 and 2020 remain subject to examination by any applicable tax authorities. Earnings per share Basic earnings per share are computed by dividing income available to common shareholders of the Company by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common shares were exercised and converted into common shares. 9,079,348 and 10,500,000 of outstanding warrants which is equivalent to convertible of 4,539,674 and 5,250,000 common shares were excluded from the diluted earnings per share calculation due to its anti-dilutive effect for the year ended December 31, 2021 and 2020, respectively. 824,000 of outstanding options were excluded from the diluted earnings per share calculation due to its anti-dilutive effect for the year ended December 31, 2021 and 2020. Recently issued accounting pronouncements In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The amendments in this Update affect any entity that is required to apply the provisions of Topic 220, Income Statement – Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The amendments in this Update are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted, including adoption in any interim period, (1) for public business entities for reporting periods for which financial statements have not yet been issued and (2) for all other entities for reporting periods for which financial statements have not yet been made available for issuance. The amendments in this Update should be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The Company does not believe the adoption of this ASU would have a material effect on the Company’s unaudited condensed consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s unaudited condensed consolidated balance sheets, statements of income and comprehensive income and statements of cash flows.

Business Combination and Restru

Business Combination and Restructuring	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
Business combination and restructuring	Note 3 – Business combination and restructuring TJ Comex BVI On April 2, 2018, the Company disposed of its subsidiary, TJComex BVI, in consideration of (i) its minimum contribution to the Company’s results of operation and (ii) the unsatisfactory synergy between the TJComex BVI business and the rest of the Company’s business. The Company’s decision to dispose TJComex BVI is to (i) improve the Company’s overall financial condition and results of operations, (ii) reduce the complexity of the Company’s business, (iii) focus the Company’s resources on the solid waste recycling business as well as developing environmental control business opportunities; and (iv) make it possible for the Company to pursue acquisition opportunities for more compatible business. TJComex BVI was disposed to Chuanliu Ni, a Chinese citizen who is the Chief Executive Officer and director of China Sunlong, for no consideration. As of April 2, 2018, the net assets of TJComex BVI were $16,598 and will be recorded as a loss from disposal of subsidiary in the consolidated financial statements for the year ended December 31, 2018. As TJComex BVI operating revenue was less than 1% of the Company’s revenue and the disposal did not constitute a strategic shift that will have a major effect on the Company’s operations and financial results, the results of operations for TJComex BVI were not reported as discontinued operations under the guidance of Accounting Standards Codification 205. Wuge On January 3, 2020, the Company entered into a share purchase agreement with Sichuan Wuge Network Games Co., Ltd. (“Wuge”) and all the shareholders of Wuge (“Wuge Shareholders”). Pursuant to the share purchase agreement, the Company agreed to issue an aggregate of 4,000,000 shares of CCNC’s common stock to the Wuge Shareholders, in exchange for Wuge Shareholders’ agreement to enter into, and their agreement to cause Wuge to enter into, certain VIE agreements (“VIE Agreements”) with Tongrong WFOE the Company ’ The Company’s acquisition of Wuge was accounted for as a business combination in accordance with ASC 805. The Company has allocated the purchase price of Wuge based upon the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date. Other current assets and current liabilities were valued using the cost approach. Management of the Company is responsible for determining the fair value of assets acquired, liabilities assumed, plant and equipment, and intangible assets identified as of the acquisition date and considered a number of factors including valuations from independent appraisers. Acquisition-related costs incurred for the acquisitions are not material and have been expensed as incurred in general and administrative expense. The following table summarizes the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at the date of the acquisition of Wuge based on a valuation performed by an independent valuation firm engaged by the Company: Total consideration at fair value $ 7,200,000 Fair Value Cash $ 228,788 Other current assets 20,834 Plant and equipment 6,024 Other noncurrent assets 8,097 Goodwill 7,343,209 Total asset 7,606,952 Total liabilities (406,952 ) Net asset acquired $ 7,200,000 Approximately $7.3 millions of goodwill arising from the acquisition consists largely of synergies expected from combining the operations of the Company and Wuge. None of the goodwill is expected to be deductible for income tax purposes. The Company recognized an impairment charge of approximately $1.16 million during the year ended December 31, 2021. Management determined that fair value was less than the carrying value because it revised its previous forecasts for sales and related costs as result of the potential for other market entrants, potential political risk from changing regulations by the PRC government, potential increases in costs because of inflation, and the impact of the COVID 19 global pandemic. Management using its revised figures, conducted a discounted cash flow analysis whereby the future cash flows where discounted by a weighted average cost of capital that was developed by considering the Company’s own debt cost and equity cost, and adjusting based on the cost of capital of other market participants, and then derived a fair value that was less than the carrying value; accordingly, the Company recorded an impairment charge to reduce the goodwill to the new fair value.

Variable Interest Entity

Variable Interest Entity	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Variable interest entity	Note 4 – Variable interest entity On November 30, 2018, Tongrong WFOE entered into Contractual Arrangements with Rong Hai and its shareholders upon executing of the “Purchase Agreement”. The significant terms of these Contractual Arrangements are summarized in “Note 1 - Nature of business and organization” above. As a result, the Company classifies Rong Hai as VIE. On January 3, 2020, Tongrong WFOE entered into Contractual Arrangements with Wuge and its shareholders upon executing of the “Purchase Agreement”. The significant terms of these Contractual Arrangements are summarized in “Note 1 - Nature of business and organization” above. As a result, the Company classifies Wuge as VIE. On January 11, 2021, Makesi WFOE entered into a series of assignment agreements (the “Assignment Agreements”) with Tongrong WFOE, Wuge and Wuge Shareholders, pursuant to which Tongrong WFOE assign all its rights and obligations under the VIE Agreements to Makesi WFOE (the “Assignment”). The VIE Agreements and the Assignment Agreements grant Makesi WFOE with the power, rights and obligations equivalent in all material respects to those it would possess as the sole equity holder of Wuge, including absolute rights to control the management, operations, assets, property and revenue of Wuge. The Assignment does not have any impact on Company’s consolidated financial statements. On March 30, 2021, the Company entered into a share purchase agreement with a buyer unaffiliated with the Company (the “Buyer”), and Qihai Wang, former director of the Company (the “Payee”). Pursuant to the agreement, the Company agreed to sell and the Buyer agreed to purchase all the issued and outstanding ordinary shares (the “Tongrong Shares”) of Tongrong WFOE. The Payee agreed to be responsible for the payment of the purchase price on behalf of Buyer. The purchase price for the Tongrong Shares shall be $2,464,411, payable in the form of cancelling 426,369 shares of common stock of the Company owned by the Payee (the “CCNC Shares”). The CCNC Shares are valued at $5.78 per share, based on the average closing price of the Company’s common stock during the 30 trading days immediately prior to the date of the agreement from February 12, 2021 to March 26, 2021. On March 31, 2021, the Company closed the sale of the Tongrong Shares and caused the CCNC Shares to be cancelled. Tongrong WFOE contractually controls Jaingsu Rong Hai Electric Power Fuel Co., Ltd. (“Rong Hai”), a variable interest entity of the Company. The disposition of Tongrong WFOE included disposition of Rong Hai. A VIE is an entity that has either a total equity investment that is insufficient to permit the entity to finance its activities without additional subordinated financial support, or whose equity investors lack the characteristics of a controlling financial interest, such as through voting rights, right to receive the expected residual returns of the entity or obligation to absorb the expected losses of the entity. The variable interest holder, if any, that has a controlling financial interest in a VIE is deemed to be the primary beneficiary and must consolidate the VIE. Makesi WFOE is deemed to have a controlling financial interest and be the primary beneficiary of Wuge because it has both of the following characteristics: (1) The power to direct activities at Wuge that most significantly impact such entity’s economic performance, and (2) The obligation to absorb losses of, and the right to receive benefits from Rong Hai and Wuge that could potentially be significant to such entity. Accordingly, the accounts of Rong Hai and Wuge are consolidated in the accompanying financial statements pursuant to ASC 810-10, Consolidation. In addition, their financial positions and results of operations are included in the Company’s consolidated financial statements beginning on November 30, 2018. The carrying amount of the VIE’s assets and liabilities are as follows: December 31, December 31, 2021 2020 Current assets $ 17,258,309 $ 9,600,157 Property, plants and equipment 284,151 1,268,272 Other noncurrent assets 1,825,048 196,415 Goodwill 6,590,339 11,650,157 Total assets 25,957,847 22,715,001 Current liabilities 15,825,043 8,766,619 Non-current liabilities 8,738 33,698 Total liabilities 15,833,781 8,800,317 Net assets $ 10,124,066 $ 13,914,684 December 31, December 31, 2021 2020 Short-term loan $- $475,103 Accounts payable 3,202,771 1,037,723 Other payables and accrued liabilities 1,622,689 103,323 Other payables – related party 2,841,242 6,090,841 Tax payables 973,748 57,815 Customer Advances 7,171,255 900,522 Lease liabilities 13,338 101,292 Total current liabilities 15,825,043 8,766,619 Lease liabilities - noncurrent 8,738 33,698 Total liabilities $ 15,833,781 $ 8,800,317 The summarized operating results of the VIE’s are as follows: For the year ended 2021 Operating revenues $ 25,029,949 Gross profit 8,370,246 Income from operations 5,016,668 Net income $ 3,721,527 All goodwill related to Ronghai was removed from the Company’s financial position upon disposition of that entity.

Accounts Receivable and Account

Accounts Receivable and Accounts Receivable – Related Party	12 Months Ended
	Dec. 31, 2021
Accounts Receivable [Abstract]
Accounts receivable and accounts receivable – related party	Note 5 – Accounts receivable and accounts receivable – related party Accounts receivable consist of the following: December 31, December 31, Accounts receivable $ - $ 1,670,526 Less: Allowance for doubtful accounts - (598,936 ) Total accounts receivable, net $ - $ 1,071,590 Movement of allowance for doubtful accounts is as follows: December 31, December 31, Beginning balance $ $ Beginning balance from Wuhan HOST - - Beginning balance from Rong Hai - 24,055 Depositing ending balance of Hubei Shengrong - - Addition - 542,087 Recovery and reversals - - Exchange rate effect - 32,794 Ending balance $ - $ 598,936

Inventories

Inventories	12 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
Inventories	Note 6 – Inventories Inventories consist of the following: December 31, December 31, Raw materials $ - $ - Finished goods 3,714 1,047,274 Total inventories $ 3,714 $ 1,047,274

Plant and Equipment, Net

Plant and Equipment, Net	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Plant and equipment, net	Note 7 – Plant and equipment, net Plant and equipment consist of the following: December 31, December 31, Office equipment and furniture 124,248 76,605 Automobile 219,895 272,902 Subtotal 344,143 349,507 Less: accumulated depreciation and amortization (60,247 ) (266,674 ) Total $ 283,896 $ 82,833 Depreciation and amortization expense for the year ended December 31, 2021 and 2020 amounted to $59,089 and $19,869, respectively.

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets, net	Note 8 – Intangible assets, net Intangible assets consist of the following: December 31, December 31, Development of technology $ 784,227 $ 1,226,072 Software 612 598 Less: accumulated amortization (784,584 ) (149 ) Net intangible assets $ 255 $ 1,226,521 Amortization expense for the year ended December 31, 2021 and 2020 amounted to $1,240,281 and $141, respectively.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Note 9 – Goodwill The changes in the carrying amount of goodwill by business units are as follows : Rong Hai Wuge Total Balance as of December 31, 2020 $ 3,896,817 $ 7,753,340 $ 11,650,157 Goodwill impairments (1,163,001 ) (1,163,001 ) Disposal of the company (3,896,817 ) - (3,896,817 ) Balance as of December 31, 2021 $ - $ 6,590,339 $ 6,590,339 Refer to Notes 3 and 4 above for details on the circumstances that led to impairment of Wuge and Ronghai, respectively.

Related Party Balances and Tran

Related Party Balances and Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related party balances and transactions	Note 10 – Related party balances and transactions Related party balances a. Other receivable – related party: Name of related party Relationship December 31, December 31, Chengdu Yuan Code Chain Technology Co. Ltd A company controlled by former shareholder of the Company $ 513,387 $ 230,134 Marchain (Shanghai) Network Technology Co., LTD A company controlled by shareholder of the Company 78,423 - Chenghua District Code To Code To Commerce And Trade Department A company controlled by employee of the Company 19,138 - Total 610,948 230,134 The Company advanced funds to the related party for technical services. b. Other payables – related parties: Name of related party Relationship December 31, December 31, Chuanliu Ni Chief Executive Officer and director of a former subsidiary $ 325,907 $ 325,907 Zhong Hui Holding Limited Shareholder of the Company 140,500 140,500 Qihai Wang Shareholder of the Company - 24,729 Total $ 466,407 $ 491,136 The above payables represent interest free loans and advances. These loans and advances are unsecured and due on demand.

Taxes

Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Taxes	Note 11 – Taxes Income tax United States CCNC was organized in the state of Delaware in April 2015 and re-incorporated in the state of Nevada in June 2018. CCNC’s U.S. net operating loss for the year ended December 31, 2021 amounted to approximately $24.7 million. As of December 31, 2021, CCNC’s net operating loss carry forward for United States income taxes was approximately $5.2 million. The net operating loss carry forwards are available to reduce future years’ taxable income through year 2038. Management believes that the realization of the benefits from these losses appears uncertain due to the Company’s operating history and continued losses in the United States. Accordingly, the Company has provided a 100% valuation allowance on the deferred tax asset to reduce the asset to zero. Management reviews this valuation allowance periodically and makes changes accordingly. On December 22, 2017, the “Tax Cuts and Jobs Act” (“The 2017 Tax Act”) was enacted in the United States. Under the provisions of the Act, the U.S. corporate tax rate decreased from 34% to 21%. The 2017 Tax Act imposed a global intangible low-taxed income tax (“GILTI”), which is a new tax on certain off-shore earnings at an effective rate of 10.5% for tax years beginning after December 31, 2017 (increasing to 13.125% for tax years beginning after December 31, 2025) with a partial offset for foreign tax credits. The Company determined that there are no impact of GILTI for the year ended December 31, 2019 and 2018, which the Company believes that it will be imposed a minimum tax rate of 10.5% and to the extent foreign tax credits are available to reduce its US corporate tax, which may result in no additional US federal income tax being due. Cayman Islands China Sunlong is incorporated in the Cayman Islands and are not subject to tax on income or capital gains under current Cayman Islands law. In addition, upon payments of dividends by China Sunlong to its shareholders, no Cayman Islands withholding tax will be imposed. British Virgin Islands Shengrong BVI and TJComex BVI are incorporated in the British Virgin Islands and are not subject to tax on income or capital gains under current British Virgin Islands law. In addition, upon payments of dividends by these entities to their shareholders, no British Virgin Islands withholding tax will be imposed. Hong Kong TMSR HK is incorporated in Hong Kong and are subject to Hong Kong Profits Tax on the taxable income as reported in its statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. The applicable tax rate is 16.5% in Hong Kong. The Company did not make any provisions for Hong Kong profit tax as there were no assessable profits derived from or earned in Hong Kong since inception. Under Hong Kong tax law, TMSR HK is exempted from income tax on its foreign-derived income and there are no withholding taxes in Hong Kong on remittance of dividends. PRC Makesi WFOE and Wuge are governed by the income tax laws of the PRC and the income tax provision in respect to operations in the PRC is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in respect thereof. Under the Enterprise Income Tax Laws of the PRC (the “EIT Laws”), Chinese enterprises are subject to income tax at a rate of 25% after appropriate tax adjustments. Deferred tax assets Bad debt allowances must be approved by the Chinese tax authority prior to being deducted as an expense item on the tax return. Significant components of deferred tax assets were as follows: December 31, December 31, Net operating losses carried forward – U.S. $ 5,191,512 $ 303,560 Net operating losses carried forward – PRC - - Bad debt allowance - 127,377 Valuation allowance (5,191,512 ) (303,560 ) Deferred tax assets, net $ - $ 127,377 Value added tax Enterprises or individuals who sell commodities, engage in repair and maintenance or import and export goods in the PRC are subject to a value added tax in accordance with PRC laws. The value added tax (“VAT”) standard rates are 6% to 17% of the gross sales price and changed to 6% to 16% of gross sales starting in May 2018. The VAT standard rates changed to 6% to 13% of the gross sales prices starting in April 2019. A credit is available whereby VAT paid on the purchases of semi-finished products or raw materials used in the production of the Company’s finished products can be used to offset the VAT due on sales of the finished products and services. Taxes payable consisted of the following: December 31, December 31, VAT taxes payable $ 973,748 $ 1,589 Income taxes payable 1,272,670 70,914 Other taxes payable - 136 Total $ 2,246,418 $ 72,639

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Disclosure Text Block [Abstract]
Leases	Note 12 – Leases Effective January 1, 2019, the Company adopted ASU 2016-02, “Leases” (Topic 842), and elected the package of practical expedients that does not require us to reassess: (1) whether any expired or existing contracts are, or contain, leases, (2) lease classification for any expired or existing leases and (3) initial direct costs for any expired or existing leases. The Company adopted the practical expedient that allows lessees to treat the lease and non-lease components of a lease as a single lease component. The impact of the adoption on January 1, 2019 increased the right-of-uses and lease liabilities by approximately $58,000. The Company had a c staff quarter The weighted average remaining lease term of its existing leases is 1 years. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. For the year ended December 31, 2021 and 2020, rent expenses amounted to $21,444 and $32,698, respectively. The five-year maturity of the Company’s lease obligations is presented below: Twelve months ended December, 31 Operating 2022 $ 14,649 2023 6,844 2024 3,513 Total lease payments 25,006 Less: interest (2,930 ) Present value of lease liabilities $ 22,076

Concentration of Risk

Concentration of Risk	12 Months Ended
	Dec. 31, 2021
Risks and Uncertainties [Abstract]
Concentration of risk	Note 13 – Concentration of risk Credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and accounts receivable. As of December 31, 2021 and 2020, $14,385,549 and $998,717 and were deposited with various financial institutions located in the PRC, respectively. As of December 31, 2021 and 2020, $202,781 and $0 were deposited with one financial institution located in the U.S., respectively. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness. Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposed to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances.

Equity

Equity	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Equity	Note 14 – Equity Restricted net assets The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by Tongrong WFOE only out of its retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the accompanying unaudited condensed consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of Tongrong WFOE. Tongrong WFOE, Wuge and Rong Hai are required to set aside at least 10% of their after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of its registered capital. In addition, Shengrong WFOE may allocate a portion of its after-tax profits based on PRC accounting standards to enterprise expansion fund and staff bonus and welfare fund at its discretion. Wuge and Rong Hai may allocate a portion of its after-tax profits based on PRC accounting standards to a discretionary surplus fund at its discretion. The statutory reserve funds and the discretionary funds are not distributable as cash dividends. Remittance of dividends by a wholly foreign-owned company out of China is subject to examination by the banks designated by State Administration of Foreign Exchange. The Company’s ability to pay dividends is primarily dependent on the Company receiving distributions of funds from its subsidiaries. Relevant PRC statutory laws and regulations permit payments of dividends by Makesi WFOE only out of its retained earnings, if any, as determined in accordance with PRC accounting standards and regulations. The results of operations reflected in the accompanying unaudited condensed consolidated financial statements prepared in accordance with U.S. GAAP differ from those reflected in the statutory financial statements of Makesi WFOE. Makesi WFOE and Wuge are required to set aside at least 10% of their after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of its registered capital. In addition, Makesi WFOE may allocate a portion of its after-tax profits based on PRC accounting standards to enterprise expansion fund and staff bonus and welfare fund at its discretion. Wuge may allocate a portion of its after-tax profits based on PRC accounting standards to a discretionary surplus fund at its discretion. The statutory reserve funds and the discretionary funds are not distributable as cash dividends. Remittance of dividends by a wholly foreign-owned company out of China is subject to examination by the banks designated by State Administration of Foreign Exchange. As a result of the foregoing restrictions, Makesi WFOE and Wuge are restricted in their ability to transfer their net assets to the Company. Foreign exchange and other regulation in the PRC may further restrict Makesi WFOE and Wuge from transferring funds to China Sunlong in the form of dividends, loans and advances. As of December 31, 2021 and 2020, amounts restricted are the net assets of Makesi WFOE and Wuge which amounted to $4,519,455 and $(216,935), respectively. Stock split On June 1, 2018, the Company’s shareholder approved a 2 for 1 stock split of the Company’s common stock at the Annual Meeting of Shareholders. The stock split was affected on June 20, 2018, pursuant to the completion of the reincorporation from Delaware to Nevada. All shares and per share amounts used herein and in the accompanying consolidated financial statements have been retroactively restated to reflect the stock split. Common stock On June 23, 2018, the Company issued an aggregate of 26,693 shares of the Company’s common stock, par value $0.0001 per share, to certain non-U.S. purchasers at a purchase price of $5.00 per share for aggregate proceeds of $133,335 pursuant to certain securities purchase agreement dated April 20, 2018 and June 22, 2018. The issuances were pursuant to the exemption from registration under Regulation S promulgated under the Securities Act of 1933, as amended. On February 12, 2019, the Company’s warrant holders converted 294,971 of the Company’s warrants into 52,077 shares of the Company’s common stock using cashless exercises method. On February 20, 2019, the Company’s warrant holders converted 415,355 of the Company’s warrants into 54,826 shares of the Company’s common stock using cashless exercises method. On March 11, 2019, the Board granted an aggregate of 131,330 shares of restricted common stock, with a fair value of $261,347, determined using the closing price of $1.99 on March 11, 2019, to repay the debt the Company owed to two unrelated third parties. As the carrying value of the debt equaled to the fair value of the 131,330 common shares at $1.99 per share, no gain or loss were recognized upon this debt settlement. On March 15, 2019, the Board granted an aggregate of 142,530 shares of restricted common stock, with a fair value of $290,761, determined using the closing price of $2.04 on March 15, 2019, to repay the debt the Company owed to one unrelated third party. As the carrying value of the debt equaled to the fair value of the 142,530 common shares at $2.04 per share, no gain or loss were recognized upon this debt settlement. On April 4, 2019, the Company entered into certain securities purchase agreement with certain “non-U.S. Persons” as defined in Regulation S of the Securities Act of 1933, as amended pursuant to which the Company agreed to sell 1,492,000 shares of its common stock, par value $0.0001 per share, at a per share purchase price of $2.00. The net proceeds to the Company from this offering were approximately $2.9 million. On November 20,2019, the company wrote off 947,037 common shares. On December 23, 2019, the Company entered into certain securities purchase agreement (the “SPA”) with certain “non-U.S. Persons” (the “Purchasers”) as defined in Regulation S of the Securities Act of 1933, as amended (the “Securities Act”) pursuant to which the Company agreed to sell 3,692,859 shares of its common stock (“Common Stock”), par value $0.0001 per share, at a per share purchase price of $1.00. The net proceeds to the Company from this offering will be approximately $3.66 million. On January 3, 2020, the Company entered into a Share Purchase Agreement with Wuge and all the shareholders of Wuge (“Wuge Shareholders”). Wuge Shareholders are Wei Xu, Bibo Lin, Jiangsu Lingkong Network Joint Stock Co., Ltd., which is controlled by Wei Xu, and Anhui Shuziren Network Technology Co., Ltd., which is controlled by Wei Xu. Pursuant to the SPA, TMSR shall issue an aggregate of 4,000,000 shares of TMSR’s common stock to the Wuge Shareholders, in exchange for Wuge Shareholders’ agreement to enter into, and their agreement to cause Wuge to enter into, certain VIE agreements (“VIE Agreements”) with Tongrong Technology (Jiangsu) Co., Ltd. (“WFOE”), the Company’s indirectly owned subsidiary, through which WFOE shall have the right to control, manage and operate Wuge in return for a service fee equal to 100% of Wuge’s net income (“Acquisition”). On January 24, 2020, the Company completed the Acquisition and issued the Shares to the Wuge Shareholders. On June 30, 2020, Code Chain New Continent Limited (the “Company”) entered into a share purchase agreement (the “Agreement”) with Jiazhen Li, former CEO of the Company (the “Buyer”), Long Liao and Chunyong Zheng, who are former shareholders of Wuhan HOST Coating Materials Co., Ltd., an indirect subsidiary of the Company, (collectively the “Payees”). Pursuant to the Agreement, the Company agreed to sell and the Buyer agreed to purchase all the issued and outstanding ordinary shares of China Sunlong Environmental Technology Inc., a Cayman Islands company and a subsidiary of the Company (the “Sunlong Shares”). The Payees have a prior relationship with the Buyer and have agreed to be responsible for the payment of the purchase price on behalf of Buyer. The purchase price for the Sunlong Shares shall be $1,732,114, payable in consideration of cancellation of 1,012,932 shares of the Company owned by the Payees (the “CCNC Shares”). The CCNC Shares are valued at $1.71 per share, based on the closing price of the Company’s common stock on June 30, 2020. On August 11, 2020, pursuant to certain securities purchase agreements dated May 1, 2020, the Company issued 1,674,428 shares of its common, at a per share purchase price of $1.50, to the eleven investors. The gross proceeds to the Company from this private placement were approximately $2.51 million. On February 22, 2021, pursuant to a securities purchase agreement (the “Purchase Agreement”) with two institutional investors, the Company , closed (a) a registered direct offering (the “Registered Direct Offering”) for the sale of (i) 4,166,666 shares of common stock, par value $0.0001 of the Company (the “Shares”) and (ii) registered investor warrants, with a term of five years, exercisable immediately upon issuance, to purchase an aggregate of up to 1,639,362 shares of common stock (the “Registered Investor Warrant Shares”) at an exercise price of $6.72 per share, subject to adjustments thereunder, including a reduction in the exercise price, in the event of a subsequent offering at a price less than the then current exercise price, to the same price as the price in such offering (a “Price Protection Adjustment”) (the “Registered Investor Warrants”), and (b) a concurrent private placement (the “Private Placement” and collectively with the Registered Direct Offering, the “Offering”) for the sale of unregistered investor warrants, with a term of five and one-half years, first exercisable on the date that is the earlier of (i) six months after the date of issuance or (ii) the date on which the Company obtains stockholder approval approving the sale of all of the securities offered and sold under the Purchase Agreement (the “Stockholder Approval”) to purchase an aggregate of up to 2,527,304 shares of common stock (the “Unregistered Investor Warrant Shares”) at an exercise price of $6.72 per share, subject to adjustments thereunder, including (x) a Price Protection Adjustment and (y) in the event the exercise price is more than $6.10, a reduction of the exercise price to $6.10, upon obtaining the Stockholder Approval (the “Unregistered Investor Warrants”). The Shares, the Registered Investor Warrants, the Unregistered Investor Warrants, the Registered Investor Warrant Shares and the Unregistered Investor Warrant Shares are collectively referred to as the “Securities.” The Company received gross proceeds from the sale of the Securities of $24,999,996, before deducting placement agent fees and other Offering expenses. The Company intends to use the net proceeds from this Offering for working capital and general business purposes. On February 23, 2021, the Company entered into an asset purchase agreement with Sichuan RiZhanYun Jisuan Co., Ltd. (the “Seller”), which was amended and restated on April 16, 2021, and further amended on May 28, 2021. Pursuant to the asset purchase agreement, the Company purchased a total of 10,000 Bitcoin mining machines (the “Assets”) for a total purchase price of RMB 40,000,000 or US$6,160,000 based on the exchange rate as of April 8, 2021 (the “Purchase Price”), payable in the form of 1,587,800 shares of common stock of the Company, valued at US$3.88 per share, which is the closing bid price of the common stock of the Company on the Nasdaq Stock Market on April 8, 2021. The Seller shall cause revenue and any other source of income from the operation of the Assets to be paid to the Company, payable in cryptocurrency to be deposited into a cryptocurrency wallet held by the Company on a daily basis. The Company shall issue to the Seller or its designees RMB 5,000,000 or US$770,000 worth of common stock of the Company (the “Bonus Shares”) if the Assets generate an average net profit per day/10,000 machines (the “Daily Profit”) on behalf of the Company during the one-year period from March 19, 2021 to March 19, 2022 (the “Valuation Period”) equals to RMB 200,000 or US$30,800 and if the Assets generate an average net profit per month/10,000 machines (the “Monthly Profit”) on behalf of the Company during the Valuation Period equals to RMB 6,000,000 or US$924,000. If the Daily Profit is more than RMB 200,000 or US$30,800 and the Monthly Profit is more than RMB 6,000,000 or US$924,000, the Company shall issue to the Seller or its designees additional shares of common stock in proportion to the amount that is in excess. If the Daily Profit is less than RMB 200,000 or US$30,800 or the Monthly Profit is less than RMB 6,000,000 or US$924,000, the Company shall not issue to the Seller or its designees any Bonus Shares and such month is deemed a “Re-evaluated Month”. At the end of the Valuation Period, the Monthly Profit of such Re-evaluated Month(s) shall be aggregated (the “Aggregate Profit”), and the Company shall issue RMB5,000,000 or US$770,000 worth of common stock of the Company for every RMB6,000,000 or US$924,000 in Aggregate Profit on a pro rata basis. Such Daily Profit and Monthly Profit shall be determined on a monthly basis on the first day of the next month. Such Bonus Shares and additional shares, when applicable, shall be issued on the fifteenth day of the next month. For any month that has 28 days or 31 days, the Monthly Profit is calculated based on the actual number of days in the month. Notwithstanding the foregoing, no share pursuant to this Agreement shall be issued earlier than May 24, 2021 in any event. The total number of shares of common stock, including the Bonus Shares, issuable to the Seller or its designees pursuant to the Agreement shall in no event be more than 19.99% of the total shares issued and outstanding of Company as of the February 23, 2021, the date of the asset purchase agreement. On June 1, 2021, the Company issued to a designee of the Seller 2,513,294 shares of common stock, consisted of (i) the Purchase Price in the form of 1,587,800 shares of common stock and (ii) 925,494 Bonus Shares, valued at US$2.51 per share, which is the closing bid price of the common stock of the Company on the Nasdaq Stock Market on May 12, 2021, for meeting and exceeding the Daily Profit and Monthly Profit benchmark. On July 28, 2021, the Company entered into an asset purchase agreement with certain seller(the “Seller”) pursuant to which the Company agreed to purchase from the Seller digital currency mining machines for a total purchase price of RMB 106,388,672.43, or US$ 16,442,109.95 (based on the exchange rate between RMB and USD of 1: 6.4705 as of July 8, 2021), payable in the form of 7,647,493 shares of common stock of the Company(“CCNC Shares”). The CCNC Shares are valued at $2.15 per share. The Company plans to use the assets to further develop its digital currency mining operation. Warrants and options On July 29, 2015, the Company sold 10,000,000 units at a purchase price of $5.00 per unit (“Public Units”) in its initial public offering. Each Public Unit consists of one share of the Company’s common stock, $0.0001 par value, and one warrant. Each warrant will entitle the holder to purchase one-half of one share of common stock at an exercise price of $2.88 per half share ($5.75 per whole share). Warrants may be exercised only for a whole number of shares of common stock. No fractional shares will be issued upon exercise of the warrants. The warrants will become exercisable on 30 days after the consummation of its initial Business Combination with China Sunlong on February 6, 2018. The warrants will expire February 5, 2023. The warrants will be redeemable by the Company at a price of $0.01 per warrant upon 30 days prior written notice after the warrants become exercisable, only in the event that the last sale price of the common stock equals or exceeds $12.00 per share for any 20 trading days within a 30-trading day period ending on the third business day prior to the date on which notice of redemption is given. The sponsor of the Company purchased, simultaneously with the closing of the Public Offering on July 29, 2015, 500,000 units at $5.00 per unit in a private placement for an aggregate price of $2,500,000. Each unit purchased is substantially identical to the units sold in the Public Offering. The Company sold to the underwriter (and/or its designees), for $100, as additional compensation, an option to purchase up to a total of 800,000 units exercisable at $5.00 per unit (or an aggregate exercise price of $4,000,000) upon the closing of the Public Offering. Since the option is not exercisable until the earliest on the closing the initial Business Combination, the option will effectively represent the right to purchase up to 800,000 shares of common stock and 800,000 warrants to purchase 400,000 shares at $5.75 per full share for an aggregate maximum amount of $6,300,000. The units issuable upon exercise of this option are identical to those issued in the Public Offering. In July 2016, the board of directors of the Company appointed two new directors. In August 2016, the sponsor of the Company granted an option to each of the two new directors to acquire 12,000 shares of common stock at a price of $4.90 per share vested immediately and exercisable commencing six months after closing of the initial Business Combination and expiring five years from the closing of the initial Business Combination. The aforementioned warrants and options are deemed to be effective on February 6, 2018, the date of the consummation of its initial business combination with China Sunlong, as the Company was deemed to be the accounting acquiree in the transaction and the transaction was treated as a recapitalization of China Sunlong. The summary of warrant activity is as follows: Weighted Average Average Remaining Warrants Exercisable Exercise Contractual December 31, 2020 9,079,348 4,539,674 $ 5.75 2.13 Granted/Acquired - - $ - - Forfeited - - $ - - Exercised - - $ - - December 31, 2021 9,079,348 4,539,674 $ 5.75 1.11 The summary of option activity is as follows: Weighted Average Average Remaining Options Exercise Contractual December 31, 2020 824,000 $ 5.00 2.13 Granted/Acquired - $ - - Forfeited - $ - - Exercised - $ - - December 31, 2021 824,000 $ 5.00 1.11

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	Note 15 – Commitments and contingencies Contingencies From time to time, the Company may be subject to certain legal proceedings, claims and disputes that arise in the ordinary course of business. Although the outcomes of these legal proceedings cannot be predicted, the Company does not believe these actions, in the aggregate, will have a material adverse impact on its financial position, results of operations or liquidity.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment reporting	Note 16 – Segment reporting The Company follows ASC 280, Segment Reporting, which requires that companies disclose segment data based on how management makes decision about allocating resources to segments and evaluating their performance. The Company’s chief operating decision maker evaluates performance and determines resource allocations based on a number of factors, the primary measure being income from operations. The Company’s has disposed of Tongrong WFOE and Rong Hai. The Company’s remain business segment and operations is Wuge. The Company’s consolidated results of operations and consolidated financial position from continuing operations are almost all attributable to Wuge; accordingly, management believes that the consolidated balance sheets and statement of operations provide the relevant information to assess Wuge’s performance. The following represents assets and revenues by segments: Total assets as of December 31, December 31, Rong Hai and Tongrong WFOE $ - $ 15,006,063 Wuge 19,367,508 2,304,566 CCNC, Citi Profit BVI ,TMSR HK and Makesi WFOE 31,167,749 7,824,490 Total Assets $ 50,535,257 $ 25,135,119 Total revenues of December 31, December 31, Rong Hai and Tongrong WFOE $ - $ - Wuge 25,029,949 591,455 CCNC, Citi Profit BVI,TMSR HK and Makesi WFOE - - Total Assets $ 25,029,949 $ 591,455

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Note 17 – Discontinued Operations The following depicts the result of operations for the discounted operations of Wuhan Host, Shengrong WOFE, Tongrong WOFE and Rong Hai for the years ended December 31, 2021 and 2020. The results of operations for Shengrong HK and China Sunlong have been included in the results of discontinued operations up to June 30, 2020, which is the date when they were disposed and removed from balance sheet. December 31, December 31, Results of Operations 2021 2020 REVENUES Fuel materials $ 4,890,734 $ 11,261,428 TOTAL REVENUES 4,890,734 11,261,428 - - COST OF REVENUES - - Fuel materials 4,690,388 10,727,309 TOTAL COST OF REVENUES 4,690,388 10,727,309 - GROSS PROFIT 200,346 534,119 - OPERATING EXPENSES (INCOME) - Selling, general and administrative 160,254 990,601 TOTAL OPERATING EXPENSES 160,254 990,601 - INCOME FROM OPERATIONS 40,092 (456,482 ) - OTHER INCOME (EXPENSE) - - Interest income 75 1,870 Interest expense (7,708 ) (18,235 ) Investment income - 14,292 Other income (expense), net 8 (1 ) Total other income (expense), net (7,625 ) (2,074 ) INCOME (LOSS) BEFORE INCOME TAXES 32,467 (458,556 ) - PROVISION FOR INCOME TAXES (TAX BENEFIT) 8,896 (60,515 ) - NET INCOME (LOSS) $ 23,571 $ (398,041 )

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent events	Note 18 – Subsequent events On January 21, 2022, the Board of Directors (the “Board”) of Code Chain New Continent Limited (the “Company”) determined to remove Tingjun Yang from his positions of the Chief Executive Officer and a director of the Company, effective immediately. The determination was not due to any disagreement with management on any matter related to the Company’s operations, policies, or practices. On the same day, the Board approved the appointment of Wei Xu, the President and Chairman of the Board of the Company, to be the Chief Executive Officer. As previously disclosed in the report on Form 8-K filed by the Company on August 3, 2021, the Company entered into an asset purchase agreement (the “Asset Purchase Agreement”) with certain seller (the “Seller”) on July 28, 2021, pursuant to which the Company agreed to purchase from the Seller digital currency mining machines (the “Assets”) for a total purchase price of RMB 106,388,672.43, or US$ 16,442,109.95 (based on the exchange rate between RMB and USD of 1: 6.4705 as of July 8, 2021), payable in the form of 7,647,493 shares of common stock of the Company (the “CCNC Shares”). The CCNC Shares were valued at $2.15 per share. The CCNC Shares were issued to four assignees of the Seller on August 26, 2021. On February 23, 2022, the Company entered into a termination agreement (the “Termination Agreement) with the Seller to terminate the Asset Purchase Agreement and forfeit the transaction. The parties agreed that the CCNC Shares shall be cancelled within 15 business days from the date of the Termination Agreement. As previously disclosed in the report on Form 8-K filed by the Company on October 1, 2021, the Company entered into an asset purchase agreement (the “Asset Purchase Agreement”) with Shenzhen Jindeniu Electronics Limited (the “Seller”) on September 27, 2021, pursuant to which the Company agreed to purchase from the Seller certain storage servers for cloud computing, for a total purchase price of US$15,922,303. On March 7, 2022, the Company terminated the Asset Purchase Agreement. Considerations to the transaction, including advanced payments by the company, have been returned to respective parties and the transaction is deemed void. The Company has evaluated all material subsequent events that occurred after December 31, 2021 and up through March 31, 2022, and has determined that all events that require disclosure have been detailed above.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for information pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”).
Principles of consolidation	Principles of consolidation The consolidated financial statements of the Company include the accounts of CCNC and its wholly owned subsidiaries and VIEs. All intercompany transactions and balances are eliminated upon consolidation.
Use of estimates and assumptions	Use of estimates and assumptions The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives of intangible assets, revenues, deferred revenues and plant and equipment, impairment of long-lived assets, collectability of receivables, inventory valuation allowance, and realization of deferred tax assets. Actual results could differ from these estimates.
Foreign currency translation and transaction	Foreign currency translation and transaction The reporting currency of the Company is the U.S. dollar. The Company in China conducts its businesses in the local currency, Renminbi (RMB), as its functional currency. Assets and liabilities are translated at the unified exchange rate as quoted by the People’s Bank of China at the end of the period. The results of operations are translated at the average translation rates and the equity accounts are translated at historical rates. Translation adjustments resulting from this process are included in accumulated other comprehensive income. 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. Translation adjustments included in accumulated other comprehensive income amounted to $225,857 and $935,638 as of December 31, 2021 and 2020, respectively. The balance sheet amounts, with the exception of shareholders’ equity as of December 31, 2021 and 2020 were translated at 6.38 RMB and 6.52 RMB to $1.00, respectively. The shareholders’ equity accounts were stated at their historical rate. The average translation rates applied to statement of income accounts for the years ended December 31, 2021 and 2020 were 6.45 RMB and 6.90 RMB, respectively. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheet. The PRC government imposes significant exchange restrictions on fund transfers out of the PRC that are not related to business operations. These restrictions have not had a material impact on the Company because it has not engaged in any significant transactions that are subject to the restrictions.
Investments	Investments The Company purchases certain liquid short term investments such as money market funds and or other short term debt securities marketed by financial institutions. These investments are not insured against loss of principal. These investments are accounted for as financial instruments that are marked to fair market value at the end of each reporting period. For investments that are held to maturity debt instruments, which have short maturities, and limited risk profiles, amortized cost may be the best approximation of their fair value and used for such investments.
Accounts receivable, net	Accounts receivable, net Accounts receivable include trade accounts due from customers. An allowance for doubtful accounts may be established and recorded based on management’s assessment of potential losses based on the credit history and relationships with the customers. Management reviews its receivables on a regular basis to determine if the bad debt allowance is adequate, and adjusts the allowance when necessary. Delinquent account balances are written-off against allowance for doubtful accounts after management has determined that the likelihood of collection is not probable.
Inventories	Inventories Inventories are comprised of raw materials and work in progress and are stated at the lower of cost or net realizable value using the weighted average method in Wuge. Management reviews inventories for obsolescence and cost in excess of net realizable value at least annually and recognize an impairment charge against the inventory when the carrying value exceeds net realizable value. As of December 31, 2021 and 2020, no obsolescence and cost in excess of net realizable value were recognized.
Prepayments	Prepayments Prepayments are funds deposited or advanced to outside vendors for future inventory or services to be received. As a standard practice in China, many of the Company’s vendors require a partial or full payment prior to production and shipment of finished goods This amount is refundable and bears no interest. The Company has legally binding contracts with its vendors, which require any outstanding prepayments to be returned to the Company when the contract ends.
Plant and equipment	Plant and equipment Plant and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed using the straight-line method after consideration of the estimated useful lives of the assets and estimated residual value. The estimated useful lives and residual value are as follows: Useful Life Estimated Building 5 – 20 years 5 % Office equipment and furnishing 5 years 5 % Production equipment 3-10 years 5 % Automobile 5 years 5 % Leasehold improvements Shorter of the remaining lease terms or estimated useful lives 0 % The cost and related accumulated depreciation and amortization of assets sold or otherwise retired are eliminated from the accounts and any gain or loss is included in the consolidated statements of income and comprehensive income. Expenditures for maintenance and repairs are charged to earnings as incurred, while additions, renewals and betterments, which are expected to extend the useful life of assets, are capitalized. The Company also re-evaluates the periods of depreciation and amortization to determine whether subsequent events and circumstances warrant revised estimates of useful lives.
Intangible assets	Intangible assets Intangible assets represent land use rights and patents and software licenses, and they are stated at cost, less accumulated amortization. Research and development costs associated with internally developed patents are expensed when incurred. Amortization expense is recognized on the straight-line basis over the estimated useful lives of the assets. All land in the PRC is owned by the government; however, the government grants “land use rights.” The Company has obtained the rights to use various parcels of land. The patents have finite useful lives and are amortized using a straight-line method that reflects the estimated pattern in which the economic benefits of the intangible asset are to be consumed. The Company amortizes the cost of the land use rights and patents, over their useful life using the straight-line method. The Company also re-evaluates the periods of amortization to determine whether subsequent events and circumstances warrant revised estimates of useful lives. The estimated useful lives are as follows:
Goodwill	Goodwill Goodwill represents the excess of the consideration paid of an acquisition over the fair value of the net identifiable assets of the acquired subsidiary at the date of acquisition. Goodwill is not amortized and is tested for impairment at least annually, more often when circumstances indicate impairment may have occurred. Goodwill is carried at cost less accumulated impairment losses. If impairment exists, goodwill is immediately written off to its fair value and the loss is recognized in the consolidated statements of income. Impairment losses on goodwill are not reversed.
Impairment for long-lived assets	Impairment for long-lived assets Long-lived assets, including plant, equipment and intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based on the undiscounted future cash flows the assets are expected to generate and recognize an impairment loss when estimated undiscounted future cash flows expected to result from the use of the asset plus net proceeds expected from disposition of the asset, if any, are less than the carrying value of the asset. If an impairment is identified, the Company would reduce the carrying amount of the asset to its estimated fair value based on a discounted cash flows approach or, when available and appropriate, to comparable market values.
Fair value measurement	Fair value measurement The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company. The Company considers the carrying amount of cash, short term held to maturity investments, notes receivable, accounts receivable, other receivables, prepayments, accounts payable, other payables and accrued liabilities, customer deposits, short term loans and taxes payable to approximate their fair values because of their short term nature. The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow: ● 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. Financial instruments included in current assets and current liabilities are reported in the consolidated balance sheets at face value or cost, which approximate fair value because of the short period of time between the origination of such instruments and their expected realization and their current market rates of interest.
Customer deposits	Customer deposits Wuge typically receives customer deposits for services to be rendered from its customers. As Wuge delivers the services, it will recognize these deposits to results of operations in accordance to its revenue recognition policy.
Revenue recognition	Revenue recognition On January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) 2014-09 Revenue from Contracts with Customers (ASC 606) using the modified retrospective method for contracts that were not completed as of January 1, 2018. This did not result in an adjustment to retained earnings upon adoption of this new guidance as the Company’s revenue, other than retainage revenues, was recognized based on the amount of consideration we expect to receive in exchange for satisfying the performance obligations. However, the impact of the Company’s retainage revenue was not material as of the date of adoption, and as a result, did not result in an adjustment. The core principle underlying the revenue recognition ASU is that the Company will recognize revenue to represent the transfer of goods and services to customers in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. This will require the Company to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfers to a customer. The Company’s revenue streams are primarily recognized at a point in time except for the retainage revenues where the retainage periods are recognized over the retainage period, usually is a period of twelve months. The ASU requires the use of a new five-step model to recognize revenue from customer contracts. The five-step model requires that the Company (i) identify the contract with the customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, including variable consideration to the extent that it is probable that a significant future reversal will not occur, (iv) allocate the transaction price to the respective performance obligations in the contract, and (v) recognize revenue when (or as) the Company satisfies the performance obligation. The application of the five-step model to the revenue streams compared to the prior guidance did not result in significant changes in the way the Company records its revenue. Upon adoption, the Company evaluated its revenue recognition policy for all revenue streams within the scope of the ASU under previous standards and using the five-step model under the new guidance and confirmed that there were no differences in the pattern of revenue recognition except its retainage revenues. An entity will also be required to determine if it controls the goods or services prior to the transfer to the customer in order to determine if it should account for the arrangement as a principal or agent. Principal arrangements, where the entity controls the goods or services provided, will result in the recognition of the gross amount of consideration expected in the exchange. Agent arrangements, where the entity simply arranges but does not control the goods or services being transferred to the customer, will result in the recognition of the net amount the entity is entitled to retain in the exchange. Revenue from equipment and systems, revenue from coating and fuel materials, and revenue from trading and others are recognized at the date of goods delivered and title passed to customers, when a formal arrangement exists, the price is fixed or determinable, the Company has no other significant obligations and collectability is reasonably assured. Such revenues are recognized at a point in time after all performance obligations are satisfied under the new five-step model. In addition, training service revenues are recognized when the services are rendered and the Company has no other obligations, and collectability is reasonably assured. These revenues are recognized at a point in time. Revenues from digital doors signs are recognized at a point in time when legal title and control over the sign is transferred to the customer. Management has determined that for the sales of digital door signs there is a single performance obligation that is met when the aforementioned control is transferred. Typically, customers make payment for the product in advance; the Company will record the payment as contract liabilities under the liability account customer deposits until the Company delivers the product by transferring control. The Company recognized $900,522 from customer deposits into revenues during the year ended December 31, 2021 resulting from the sale of digital door signs. Payments received prior to the relevant criteria for revenue recognition are met, are recorded as customer deposits. The Company’s disaggregate revenue streams are summarized as follows: For the year ended 2021 2020 Revenues –Wuge digital door signs $ 25,029,949 $ - Revenues – Trading and others - 591,455 Total revenues $ 25,029,949 $ 591,455
Research and Development (“R&D”) Expenses	Research and Development (“R&D”) Expenses
Income taxes	Income taxes The Company accounts for income taxes in accordance with U.S. GAAP for income 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. In principle, deferred tax liabilities are recognized for all taxable temporary differences. Deferred tax assets are recognized to the extent that it is probable that taxable profit 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 income statement, except when it is related to items credited or charged directly to equity, in which case the deferred tax is also dealt with in 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. 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. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. The Company incurred no such penalties and interest for the year ended December 31, 2021 and 2020. As of December 31, 2021, the Company’s PRC tax returns filed for 2018, 2019 and 2020 remain subject to examination by any applicable tax authorities.
Earnings per share	Earnings per share Basic earnings per share are computed by dividing income available to common shareholders of the Company by the weighted average common shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue common shares were exercised and converted into common shares. 9,079,348 and 10,500,000 of outstanding warrants which is equivalent to convertible of 4,539,674 and 5,250,000 common shares were excluded from the diluted earnings per share calculation due to its anti-dilutive effect for the year ended December 31, 2021 and 2020, respectively. 824,000 of outstanding options were excluded from the diluted earnings per share calculation due to its anti-dilutive effect for the year ended December 31, 2021 and 2020.
Recently issued accounting pronouncements	Recently issued accounting pronouncements In February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The amendments in this Update affect any entity that is required to apply the provisions of Topic 220, Income Statement – Reporting Comprehensive Income, and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The amendments in this Update are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted, including adoption in any interim period, (1) for public business entities for reporting periods for which financial statements have not yet been issued and (2) for all other entities for reporting periods for which financial statements have not yet been made available for issuance. The amendments in this Update should be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act is recognized. The Company does not believe the adoption of this ASU would have a material effect on the Company’s unaudited condensed consolidated financial statements. The Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s unaudited condensed consolidated balance sheets, statements of income and comprehensive income and statements of cash flows.

Nature of Business and Organi_2

Nature of Business and Organization (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of activities of CCNC and each of the following entities	Name Background Ownership China Sunlong 3 ● A Cayman Islands company 100% owned by the Company Shengrong BVI 3 ● ● A British Virgin Island company Incorporated on June 30, 2015 100% owned by China Sunlong Citi Profit BVI ● A British Virgin Island company Incorporated on April 2019 100% owned by the Company Shengrong HK 3 ● ● A Hong Kong company Incorporated on September 25, 2015 100% owned by Shengrong BVI TMSR HK ● ● A Hong Kong company Incorporated on April 2019 100% owned by Citi Profit BVI Shengrong WFOE 3 ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) 100% owned by Shengrong HK ● ● ● ● Incorporated on March 1, 2016 Registered capital of USD 12,946 (HKD100,000), fully funded Purchase and sales of high efficiency permanent magnetic separator and comprehensive utilization system Trading of processed industrial waste materials Tongrong WFOE 4 ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) Incorporated on August 2019 100% owned by TMSR HK Makesi WFOE ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) Incorporated on December 2020 100% owned by TMSR HK Hubei Shengrong 2 ● ● A PRC limited liability company Incorporated on January 14, 2009 100% owned by Shengrong WFOE ● Registered capital of USD 4,417,800 (RMB 30,000,000), fully funded ● ● Production and sales of high efficiency permanent magnetic separator and comprehensive utilization system. Trading of processed industrial waste materials Wuhan HOST 3 ● ● ● A PRC limited liability company Incorporated on October 27, 2010 Registered capital of USD 750,075 (RMB 5,000,000), fully funded 100% owned by Shengrong WFOE ● Research, development, production and sale of coating materials. Shanghai Host Coating Materials Co., Ltd. (“Shanghai HOST”) 3 ● ● ● A PRC limited liability company Incorporated on December 11, 2014 Registered capital of USD 3,184,371 (RMB 20,000,000), to be fully funded by November 2024 80% owned by Wuhan HOST ● No operations and no capital contribution has been made as of Wuhan HOST Coating Materials Xiaogan Co., Ltd. (“Xiaogan HOST”) 3 ● ● ● ● A PRC limited liability company Incorporated on December 25, 2018 Registered capital of USD 11,595,379 (RMB 80,000,000), to be fully funded by December 2028 No operations and no capital contribution has been made as of 90% owned by Wuhan HOST Jiangsu Rong Hai Electric Power Fuel Co., Ltd. (“Rong Hai”) 4 ● ● ● ● A PRC limited liability company Incorporated on May 20, 2009 Registered capital of USD 3,171,655 (RMB 20,180,000), fully funded Coal wholesales and sales of coke, steels, construction materials, mechanical equipment and steel scrap VIE of Tongrong WFOE Wuge ● ● A PRC limited liability company Incorporated on July 4, 2019 VIE of Makesi WFOE TJComex BVI 1 ● ● A British Virgin Island company Incorporated on March 8, 2016 100% owned by China Sunlong TJComex HK 1 ● ● A Hong Kong company Incorporated on March 19, 2014 100% owned by TJComex BVI TJComex WFOE 1 ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) 100% owned by TJComex HK ● Incorporated on March 10, 2004 ● Registered capital of USD 200,000 TJComex Tianjin 1 ● A PRC limited liability company Incorporated on November 19, 2007 100% owned by TJComex WFOE ● Registered capital of USD 7,809,165 (RMB 55,000,000) ● General merchandise trading business and related consulting services

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of estimated useful lives of plant and equipment	Useful Life Estimated Building 5 – 20 years 5 % Office equipment and furnishing 5 years 5 % Production equipment 3-10 years 5 % Automobile 5 years 5 % Leasehold improvements Shorter of the remaining lease terms or estimated useful lives 0 %
Schedule of estimated useful lives of intangible assets	Useful Life Land use rights 50 years Patents 10 - 20 years Software 5 years
Schedule of disaggregate revenue	For the year ended 2021 2020 Revenues –Wuge digital door signs $ 25,029,949 $ - Revenues – Trading and others - 591,455 Total revenues $ 25,029,949 $ 591,455

Business Combination and Rest_2

Business Combination and Restructuring (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
Schedule of net purchase price allocation	Total consideration at fair value $ 7,200,000
Schedule of the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date	Fair Value Cash $ 228,788 Other current assets 20,834 Plant and equipment 6,024 Other noncurrent assets 8,097 Goodwill 7,343,209 Total asset 7,606,952 Total liabilities (406,952 ) Net asset acquired $ 7,200,000

Variable Interest Entity (Table

Variable Interest Entity (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of carrying amount of the VIE’s assets and liabilities	December 31, December 31, 2021 2020 Current assets $ 17,258,309 $ 9,600,157 Property, plants and equipment 284,151 1,268,272 Other noncurrent assets 1,825,048 196,415 Goodwill 6,590,339 11,650,157 Total assets 25,957,847 22,715,001 Current liabilities 15,825,043 8,766,619 Non-current liabilities 8,738 33,698 Total liabilities 15,833,781 8,800,317 Net assets $ 10,124,066 $ 13,914,684 December 31, December 31, 2021 2020 Short-term loan $- $475,103 Accounts payable 3,202,771 1,037,723 Other payables and accrued liabilities 1,622,689 103,323 Other payables – related party 2,841,242 6,090,841 Tax payables 973,748 57,815 Customer Advances 7,171,255 900,522 Lease liabilities 13,338 101,292 Total current liabilities 15,825,043 8,766,619 Lease liabilities - noncurrent 8,738 33,698 Total liabilities $ 15,833,781 $ 8,800,317
Schedule of summarized operating results of the VIE’s	For the year ended 2021 Operating revenues $ 25,029,949 Gross profit 8,370,246 Income from operations 5,016,668 Net income $ 3,721,527

Accounts Receivable and Accou_2

Accounts Receivable and Accounts Receivable – Related Party (Tables)	12 Months Ended
	Dec. 31, 2021
Accounts Receivable [Abstract]
Schedule of accounts receivable	December 31, December 31, Accounts receivable $ - $ 1,670,526 Less: Allowance for doubtful accounts - (598,936 ) Total accounts receivable, net $ - $ 1,071,590
Schedule of movement of allowance for doubtful accounts	December 31, December 31, Beginning balance $ $ Beginning balance from Wuhan HOST - - Beginning balance from Rong Hai - 24,055 Depositing ending balance of Hubei Shengrong - - Addition - 542,087 Recovery and reversals - - Exchange rate effect - 32,794 Ending balance $ - $ 598,936

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
Schedule of inventories	December 31, December 31, Raw materials $ - $ - Finished goods 3,714 1,047,274 Total inventories $ 3,714 $ 1,047,274

Plant and Equipment, Net (Table

Plant and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of plant and equipment	December 31, December 31, Office equipment and furniture 124,248 76,605 Automobile 219,895 272,902 Subtotal 344,143 349,507 Less: accumulated depreciation and amortization (60,247 ) (266,674 ) Total $ 283,896 $ 82,833

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	December 31, December 31, Development of technology $ 784,227 $ 1,226,072 Software 612 598 Less: accumulated amortization (784,584 ) (149 ) Net intangible assets $ 255 $ 1,226,521

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill by business units	Rong Hai Wuge Total Balance as of December 31, 2020 $ 3,896,817 $ 7,753,340 $ 11,650,157 Goodwill impairments (1,163,001 ) (1,163,001 ) Disposal of the company (3,896,817 ) - (3,896,817 ) Balance as of December 31, 2021 $ - $ 6,590,339 $ 6,590,339

Related Party Balances and Tr_2

Related Party Balances and Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Schedule of other receivable – related party	Name of related party Relationship December 31, December 31, Chengdu Yuan Code Chain Technology Co. Ltd A company controlled by former shareholder of the Company $ 513,387 $ 230,134 Marchain (Shanghai) Network Technology Co., LTD A company controlled by shareholder of the Company 78,423 - Chenghua District Code To Code To Commerce And Trade Department A company controlled by employee of the Company 19,138 - Total 610,948 230,134
Schedule of other payables – related parties	Name of related party Relationship December 31, December 31, Chuanliu Ni Chief Executive Officer and director of a former subsidiary $ 325,907 $ 325,907 Zhong Hui Holding Limited Shareholder of the Company 140,500 140,500 Qihai Wang Shareholder of the Company - 24,729 Total $ 466,407 $ 491,136

Taxes (Tables)

Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of components of deferred tax assets	December 31, December 31, Net operating losses carried forward – U.S. $ 5,191,512 $ 303,560 Net operating losses carried forward – PRC - - Bad debt allowance - 127,377 Valuation allowance (5,191,512 ) (303,560 ) Deferred tax assets, net $ - $ 127,377
Schedule of taxes payable	December 31, December 31, VAT taxes payable $ 973,748 $ 1,589 Income taxes payable 1,272,670 70,914 Other taxes payable - 136 Total $ 2,246,418 $ 72,639

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Text Block [Abstract]
Schedule of the five-year maturity of the Company’s lease obligations	Twelve months ended December, 31 Operating 2022 $ 14,649 2023 6,844 2024 3,513 Total lease payments 25,006 Less: interest (2,930 ) Present value of lease liabilities $ 22,076

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Schedule of warrant activity	Weighted Average Average Remaining Warrants Exercisable Exercise Contractual December 31, 2020 9,079,348 4,539,674 $ 5.75 2.13 Granted/Acquired - - $ - - Forfeited - - $ - - Exercised - - $ - - December 31, 2021 9,079,348 4,539,674 $ 5.75 1.11
Schedule of option activity	Weighted Average Average Remaining Options Exercise Contractual December 31, 2020 824,000 $ 5.00 2.13 Granted/Acquired - $ - - Forfeited - $ - - Exercised - $ - - December 31, 2021 824,000 $ 5.00 1.11

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of assets by division	Total assets as of December 31, December 31, Rong Hai and Tongrong WFOE $ - $ 15,006,063 Wuge 19,367,508 2,304,566 CCNC, Citi Profit BVI ,TMSR HK and Makesi WFOE 31,167,749 7,824,490 Total Assets $ 50,535,257 $ 25,135,119 Total revenues of December 31, December 31, Rong Hai and Tongrong WFOE $ - $ - Wuge 25,029,949 591,455 CCNC, Citi Profit BVI,TMSR HK and Makesi WFOE - - Total Assets $ 25,029,949 $ 591,455

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Schedule of financial position and result of operations for the discounted operations	December 31, December 31, Results of Operations 2021 2020 REVENUES Fuel materials $ 4,890,734 $ 11,261,428 TOTAL REVENUES 4,890,734 11,261,428 - - COST OF REVENUES - - Fuel materials 4,690,388 10,727,309 TOTAL COST OF REVENUES 4,690,388 10,727,309 - GROSS PROFIT 200,346 534,119 - OPERATING EXPENSES (INCOME) - Selling, general and administrative 160,254 990,601 TOTAL OPERATING EXPENSES 160,254 990,601 - INCOME FROM OPERATIONS 40,092 (456,482 ) - OTHER INCOME (EXPENSE) - - Interest income 75 1,870 Interest expense (7,708 ) (18,235 ) Investment income - 14,292 Other income (expense), net 8 (1 ) Total other income (expense), net (7,625 ) (2,074 ) INCOME (LOSS) BEFORE INCOME TAXES 32,467 (458,556 ) - PROVISION FOR INCOME TAXES (TAX BENEFIT) 8,896 (60,515 ) - NET INCOME (LOSS) $ 23,571 $ (398,041 )

Nature of Business and Organi_3

Nature of Business and Organization (Details)

Apr. 11, 2018

Feb. 06, 2018shares

Mar. 30, 2021

Jun. 30, 2020

Nov. 30, 2018shares

May 30, 2018

Mar. 31, 2017

Sep. 30, 2021

Dec. 27, 2018shares

Apr. 02, 2018USD ($)

Oct. 10, 2017USD ($)

Oct. 10, 2017CNY (¥)

Nature of Business and Organization (Details) [Line Items]

Share exchange agreement, description

On February 6, 2018, China Sunlong Environmental Technology Inc. (“China Sunlong”) consummated the business combination with the Company pursuant to a Share Exchange Agreement (the “Share Exchange Agreement”) dated as of August 28, 2017 by and among (i) the Company; (ii) Zhong Hui Holding Limited; (iii) China Sunlong; (iv) each of the shareholders of China Sunlong named on Annex I of the Share Exchange Agreement (the “Sellers”); and (v) Chuanliu Ni, a Chinese citizen who is the Chief Executive Officer and director of China Sunlong, in the capacity as the representative for the Sellers.

Exchange for newly-issued shares of common stock

17,990,856

1

TJComex BVI [Member]

Nature of Business and Organization (Details) [Line Items]

China sunlong completed its acquisition, description

China Sunlong completed its acquisition of 100% of the equity in TJComex International Group Corporation (“TJComex BVI”). At the closing of such acquisition, the selling shareholders of TJComex BVI received 5,935 shares of China Sunlong Common Stock valued at $926.71 per share for 100% of their equity in TJComex BVI. TJComex BVI owns 100% of the issued and outstanding capital stock of TJComex Hong Kong Company Limited (“TJComex HK”), a Hong Kong limited liability company, which owns 100% equity interest of Tianjin Corro Technological Consulting Co., Ltd. (“TJComex WFOE”), a wholly foreign owned enterprise incorporated under the laws of the PRC. Pursuant to certain contractual arrangements, TJComex WFOE controls Tianjin Commodity Exchange Co., Ltd. (“TJComex Tianjin”), a limited liability company incorporated under the law of the PRC. TJComex Tianjin is engaged in general merchandise trading business and related consulting services, and its headquarter is located in the city of Tianjin, PRC.On April 2, 2018, the Company disposed of its subsidiary, TJComex BVI in consideration of (i) its minimum contribution to the Company’s results of operation and (ii) the unsatisfactory synergy between the TJComex BVI business and the rest of the Company’s business. The Company’s decision to dispose of TJComex BVI is to (i) improve the Company’s overall financial condition and results of operations, (ii) reduce the complexity of the Company’s business, (iii) focus the Company’s resources on the solid waste recycling business as well as developing environmental control business opportunities; and (iv) make it possible for the Company to pursue acquisition opportunities for more compatible businesses. TJComex BVI was disposed to Chuanliu Ni, a Chinese citizen who is the director of China Sunlong. As of April 2, 2018, the net assets of TJComex BVI were $16,598 and is being recorded as a loss from disposal of subsidiary in the consolidated financial statements for the period ending December 31, 2018. As TJComex BVI operating revenue was less than 1% of the Company’s revenue and the disposal did not constitute a strategic shift that will have a major effect on the Company’s operations and financial results, the results of operations for TJComex BVI were not reported as discontinued operations under the guidance of Accounting Standards Codification 205. On October 10, 2017, Hubei Shengrong established a wholly owned subsidiary, Fujian Shengrong Environmental Protection Energy-Saving Science and Technology Ltd. (“Fujian Shengrong”), with registered capital of RMB 10,000,000 (approximately USD 1,518,120). Fujian Shengrong has no operations prior to May 30, 2018. On May 30, 2018, Hubei Shengrong and two unrelated entities entered into certain Capital Transfer and Contribution Agreement pursuant to which these two entities shall contribute cash of approximately USD 5.0 million (RMB 32.0 million) into Fujian Shengrong and Hubei Shengrong shall contribute approximately USD 1.3 million (RMB 8.0 million) which is the consideration for certain technology consulting services to be provided by Hubei Shengrong to the two entities. Upon completion of the contribution, the total registered capital of Fujian Shengrong increased to RMB 40.0 million (approximately USD 6.3 million) and Hubai Shengrong owns 20% and the two entities collectively own 80% of the equity interest of Fujian Shengrong. In August 2018, Hubei Shengrong transferred 20% equity interest of Fujian Shengrong to Shengrong WFOE. The Company will account for the investment in Fujian Shengrong using the cost method. Since Shengrong WFOE did not provide any cash contribution to Fujian Shengrong or technology services, the investment balance under the cost method investment on Decemeber 31, 2021 is $0. On November 30, 2018, the Company entered into a Share Purchase Agreement with Jirong Huang and Qihuang Wang (collectively “Sellers”) and Jiangsu Rong Hai Electric Power Fuel Co., Ltd. (“Rong Hai”), a company incorporated in China engaging in the sale of fuel materials and harbor cargo handling services. Pursuant to the Share Purchase Agreement, CCNC shall issue an aggregate of 4,630,000 shares of CCNC’s common stock to the Rong Hai Shareholders, in exchange for Rong Hai Shareholders’ agreement to enter into, and their agreement to cause Rong Hai to enter into, certain VIE Agreements (the “Rong Hai VIE Agreements”) with Shengrong WFOE, through which Shengrong WFOE shall have the right to control, manage and operate Rong Hai in return for a service fee approximately equal to 100% of Rong Hai’s net income (“Acquisition”). On November 30, 2018, Shengrong WFOE, the Company’s indirectly owned subsidiary, entered into a series of VIE Agreements with Rong Hai and the Rong Hai Shareholders. The VIE Agreements are designed to provide Shengrong WFOE with the power, rights and obligations equivalent in all material respects to those it would possess as the sole equity holder of Rong Hai, including absolute rights to control the management, operations, assets, property and revenue of Rong Hai. Rong Hai has the necessary license to carry out coal trading business in China. The Acquisition closed on November 30, 2018. Starting on November 30, 2018, the Company’s business activities added coal wholesales and sales of coke, steels, construction materials, mechanical equipment and steel scrap, of which business activities are carried out in Nantong, Jiang Su Province, PRC. On December 27, 2018, the Company, entered into an Equity Purchase Agreement with Hopeway International Enterprises Limited., a private limited company duly organized under the laws of British Virgin Islands (the “Hopeway”). Pursuant to the Equity Purchase Agreement, Shengrong WOFE shall sell 100% equity interests in Hubei Shengrong to Hopeway in exchange for Hopeway’s agreement to irrevocably forfeit and cancel 8,523,320 shares of common stock of the Company, constituting all the shares owned by Hopeway. The transaction contemplated by the Equity Purchase Agreement is hereby referred as Disposition. The Company’s decision to dispose of Hubei Shengrong is due to the planning mandates of Wuhan Municipal Government 2018 which manufactures should move away from city’s downtown area. Therefore, due to the policy change, Hubei Shengrong is forced to close the existing facility, relocate and build a new facility, which is expected to take approximately 7-8 years. As a result, Hubei Shengrong will not be able to keep the production running and will generate no income in the foreseeable future. Management believed it is very difficult, if possible at all, to continue manufacturing of solid waste recycling systems. As such, the Company has been actively seeking to dispose Hubei Shengrong while retaining the research and development and sale of solid waste recycling systems business. Upon closing of the Disposition, Hopeway will become the sole shareholder of Hubei Shengrong and as a result, assume all assets and obligations of Hubei Shengrong except the research and development team and intellectual property rights in connection with the solid waste recycling systems business shall be assigned to Shengrong WFOE as part of the Disposition. As Shengrong WFOE has significant continuing involvement in the sale of solid waste recycling systems business and the processed industrial waste materials trading business, this restructuring did not constitute a strategic shift that will have a major effect on the Company’s operations and financial results. Therefore, the results of operations for Hubei Shengrong were not reported as discontinued operations under the guidance of Accounting Standards Codification 205. In April 2019, TMSR Holdings Limited (“TMSR HK”), our indirect wholly owned subsidiary, was incorporated under the laws of Hong Kong. In August 2019, Tongrong Technology (Jiangsu) Co., Ltd. (“Tongrong WFOE”), our indirect wholly owned subsidiary, was incorporated under the laws of PRC. In August 2019, Citi Profit Investment Holding Limited (“Citi Profit”), an exempted company formed under the laws of the British Virgin Islands, became our wholly owned subsidiary. TMSR HK, Tongrong WFOE and Citi Profit are all holding companies that do not have any substantive business operations. On January 3, 2020, the Company entered into a share purchase agreement with Sichuan Wuge Network Games Co., Ltd. (“Wuge”) and all the shareholders of Wuge, including Wei Xu, Bibo Lin, Jiangsu Lingkong Network Joint Stock Co., Ltd., which is controlled by Wei Xu, and Anhui Shuziren Network Technology Co., Ltd., which is also controlled by Wei Xu. Pursuant to the share purchase agreement, on January 24, 2020, the Company issued an aggregate of 4,000,000 shares of TMSR’s common stock to the shareholders of Wuge, in exchange for Wuge’s shareholders’ agreement to enter into, and their agreement to cause Wuge to enter into, certain VIE agreements (the “Wuge VIE Agreements”) with Tongrong WFOE, through which Tongrong WFOE has the right to control, manage and operate Wuge in return for a service fee equal to 100% of Wuge’s net income. On April 30, 2020, Tongrong WFOE entered into a series of assignment agreements with Shengrong WFOE, Rong Hai and shareholders of Rong Hai, pursuant to which Shengrong WFOE assign all its rights and obligations under the Rong Hai VIE Agreements to Tongrong WFOE. The Rong Hai VIE Agreements and the Assignment Agreements grant Tongrong WFOE with the power, rights and obligations equivalent in all material respects to those it would possess as the sole equity holder of Rong Hai, including absolute rights to control the management, operations, assets, property and revenue of Rong Hai. The assignment does not have any impact on Company’s consolidated financial statements. Effective May 18, 2020, the Company changed its corporate name from “TMSR Holding Company Limited” to “Code Chain New Continent Limited” pursuant to a Certificate of Amendment to the Company’s Articles of Incorporation filed with the Secretary of State of the State of Nevada. In connection with the name change, effective May 18, 2020, the ticker symbol of the Company’s common stock and warrants changed from “TMSR” and “TMSRW” to “CCNC” and “CCNCW”, respectively. On June 30, 2020, the Company entered into a share purchase agreement with Jiazhen Li, former CEO of the Company (the “Buyer”), Long Liao and Chunyong Zheng, who are former shareholders of Wuhan HOST Coating Materials Co., Ltd., an indirect subsidiary of the Company, (collectively the “Payees”). Pursuant to the Agreement, the Company agreed to sell, and the Buyer agreed to purchase all the issued and outstanding ordinary shares of China Sunlong (the “Sunlong Shares”). The Payees have a prior relationship with the Buyer and have agreed to be responsible for the payment of the purchase price on behalf of Buyer. The purchase price for the Sunlong Shares shall be $1,732,114, payable in consideration of cancellation of 1,012,932 shares of the Company owned by the Payees (the “CCNC Shares”). The CCNC Shares are valued at $1.71 per share, based on the closing price of the Company’s common stock on June 30, 2020. The CCNC Shares were cancelled on August 31, 2020. In December 2020, Makesi Iot Technology (Shanghai) Co., Ltd. (“Makesi WFOE”), our indirect wholly owned subsidiary, was incorporated under the laws of PRC. On January 11, 2021, Makesi WFOE entered into a series of assignment agreements (the “Assignment Agreements”) with Tongrong WFOE, Wuge and Wuge Shareholders, pursuant to which Tongrong WFOE assign all its rights and obligations under the VIE Agreements to Makesi WFOE (the “Assignment”). The VIE Agreements and the Assignment Agreements grant Makesi WFOE with the power, rights and obligations equivalent in all material respects to those it would possess as the sole equity holder of Wuge, including absolute rights to control the management, operations, assets, property and revenue of Wuge. The Assignment does not have any impact on Company’s consolidated financial statements. On March 30, 2021, the Company entered into a share purchase agreement with a buyer unaffiliated with the Company (the “Buyer”), and Qihai Wang, former director of the Company (the “Payee”). Pursuant to the agreement, the Company agreed to sell and the Buyer agreed to purchase all the issued and outstanding ordinary shares (the “Tongrong Shares”) of Tongrong WFOE. The Payee agreed to be responsible for the payment of the purchase price on behalf of Buyer. The purchase price for the Tongrong Shares shall be $2,464,411, payable in the form of cancelling 426,369 shares of common stock of the Company owned by the Payee (the “CCNC Shares”). The CCNC Shares are valued at $5.78 per share, based on the average closing price of the Company’s common stock during the 30 trading days immediately prior to the date of the agreement from February 12, 2021 to March 26, 2021. On March 31, 2021, the Company closed the sale of the Tongrong Shares and caused the CCNC Shares to be cancelled. Tongrong WFOE contractually controls Rong Hai. The disposition of Tongrong WFOE included disposition of Rong Hai. The accompanying consolidated financial statements reflect the activities of CCNC and each of the following entities:  Name   Background   Ownership China Sunlong3   ● A Cayman Islands company   100% owned by the Company Shengrong BVI3   ● ● A British Virgin Island company Incorporated on June 30, 2015   100% owned by China Sunlong Citi Profit BVI   ● A British Virgin Island company Incorporated on April 2019    100% owned by the Company Shengrong HK3   ● ● A Hong Kong company Incorporated on September 25, 2015    100% owned by Shengrong BVI TMSR HK   ● ● A Hong Kong company Incorporated on April 2019    100% owned by Citi Profit BVI Shengrong WFOE3   ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”)   100% owned by Shengrong HK     ● ● ●    ● Incorporated on March 1, 2016 Registered capital of USD 12,946 (HKD100,000), fully funded Purchase and sales of high efficiency permanent magnetic separator and comprehensive utilization system Trading of processed industrial waste materials     Tongrong WFOE4   ●   A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) Incorporated on August 2019   100% owned by TMSR HK Makesi WFOE   ● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) Incorporated on December 2020   100% owned by TMSR HK Hubei Shengrong2   ● ● A PRC limited liability company Incorporated on January 14, 2009   100% owned by Shengrong WFOE     ● Registered capital of USD 4,417,800 (RMB 30,000,000), fully funded         ●   ● Production and sales of high efficiency permanent magnetic separator and comprehensive utilization system. Trading of processed industrial waste materials     Wuhan HOST3   ● ● ● A PRC limited liability company Incorporated on October 27, 2010 Registered capital of USD 750,075 (RMB 5,000,000), fully funded   100% owned by Shengrong WFOE     ● Research, development, production and sale of coating materials.     Shanghai Host Coating Materials Co., Ltd. (“Shanghai HOST”)3   ● ● ● A PRC limited liability company Incorporated on December 11, 2014 Registered capital of USD 3,184,371 (RMB 20,000,000), to be fully funded by November 2024   80% owned by Wuhan HOST    ●No operations and no capital contribution has been made as of December 31, 2018 Wuhan HOST Coating Materials Xiaogan Co., Ltd. (“Xiaogan HOST”)3 ● ● ●   ●A PRC limited liability company Incorporated on December 25, 2018 Registered capital of USD 11,595,379 (RMB 80,000,000), to be fully funded by December 2028 No operations and no capital contribution has been made as of December 31, 2018 90% owned by Wuhan HOSTJiangsu Rong Hai Electric Power Fuel Co., Ltd. (“Rong Hai”) 4 ● ● ●    ●A PRC limited liability company Incorporated on May 20, 2009 Registered capital of USD 3,171,655 (RMB 20,180,000), fully funded Coal wholesales and sales of coke, steels, construction materials, mechanical equipment and steel scrap VIE of Tongrong WFOEWuge ● ●A PRC limited liability company Incorporated on July 4, 2019 VIE of Makesi WFOETJComex BVI1 ● ●A British Virgin Island company Incorporated on March 8, 2016  100% owned by China SunlongTJComex HK1 ● ●A Hong Kong company Incorporated on March 19, 2014  100% owned by TJComex BVITJComex WFOE1 ●A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) 100% owned by TJComex HK  ●Incorporated on March 10, 2004    ●Registered capital of USD 200,000  TJComex Tianjin1 ● ●A PRC limited liability company Incorporated on November 19, 2007 100% owned by TJComex WFOE  ●Registered capital of USD 7,809,165 (RMB 55,000,000)    ●General merchandise trading business and related consulting services

Net assets | $

$ 16,598

Fujian Shengrong [Member]

Nature of Business and Organization (Details) [Line Items]

Registered capital

$ 1,518,120

¥ 10,000,000

Hubei Shengrong [Member]

Nature of Business and Organization (Details) [Line Items]

Hubei shengrong, description

Hubei Shengrong and two unrelated entities entered into certain Capital Transfer and Contribution Agreement pursuant to which these two entities shall contribute cash of approximately USD 5.0 million (RMB 32.0 million) into Fujian Shengrong and Hubei Shengrong shall contribute approximately USD 1.3 million (RMB 8.0 million) which is the consideration for certain technology consulting services to be provided by Hubei Shengrong to the two entities. Upon completion of the contribution, the total registered capital of Fujian Shengrong increased to RMB 40.0 million (approximately USD 6.3 million) and Hubai Shengrong owns 20% and the two entities collectively own 80% of the equity interest of Fujian Shengrong. In August 2018, Hubei Shengrong transferred 20% equity interest of Fujian Shengrong to Shengrong WFOE. The Company will account for the investment in Fujian Shengrong using the cost method. Since Shengrong WFOE did not provide any cash contribution to Fujian Shengrong or technology services, the investment balance under the cost method investment on Decemeber 31, 2021 is $0.

Equity Purchase Agreement [Member]

Nature of Business and Organization (Details) [Line Items]

Share purchase agreement, description

Pursuant to the Share Purchase Agreement, as supplemented on August 16, 2018, the Purchasers acquired all of the outstanding equity interests of Wuhan Host. In exchange for the transfer of 100% equity interest of Wuhan Host, Purchasers shall pay a total consideration of $11.2 million, of which $4.7 million or RMB equivalent shall be paid in cash and $6.0 million shall be paid in shares of common stock, of CCNC (“Share Consideration”). The Parties agree the Share Consideration shall be an aggregate of 1,012,932 shares of common stock of which is based on the closing price of US$4.64 on March 27, 2018.

Forfeit and cancellation of shares

8,523,320

Purchase Agreement [Member]

Nature of Business and Organization (Details) [Line Items]

Exchange for newly-issued shares of common stock

4,630,000

Equity pledge agreement, description

The purchase price for the Tongrong Shares shall be $2,464,411, payable in the form of cancelling 426,369 shares of common stock of the Company owned by the Payee (the “CCNC Shares”). The CCNC Shares are valued at $5.78 per share, based on the average closing price of the Company’s common stock during the 30 trading days immediately prior to the date of the agreement from February 12, 2021 to March 26, 2021.

The purchase price for the Sunlong Shares shall be $1,732,114, payable in consideration of cancellation of 1,012,932 shares of the Company owned by the Payees (the “CCNC Shares”). The CCNC Shares are valued at $1.71 per share, based on the closing price of the Company’s common stock on June 30, 2020.

Under the equity pledge agreement among Tongrong WFOE, Wuge and Wuge Shareholders dated January 3, 2020, Wuge Shareholders pledged all of their equity interests in Wuge to Tongrong WFOE to guarantee Wuge’s performance of relevant obligations and indebtedness under the technical consultation and services agreement. In addition, Wuge Shareholders will complete the registration of the equity pledge under the agreement with the competent local authority. If Wuge breaches its obligation under the technical consultation and services agreement, Tongrong WFOE, as pledgee, will be entitled to certain rights, including the right to sell the pledged equity interests. This pledge will remain effective until all the guaranteed obligations are performed or the Wuge Shareholders cease to be shareholders of Wuge.

Operating Agreement [Member]

Nature of Business and Organization (Details) [Line Items]

Agreement term

20 years

Nature of Business and Organi_4

Nature of Business and Organization (Details) - Schedule of activities of CCNC and each of the following entities	12 Months Ended
	Dec. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	Production and sales of high efficiency permanent magnetic separator and comprehensive utilization system. Trading of processed industrial waste materials
China Sunlong [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A Cayman Islands company	[1]
Ownership	100% owned by the Company	[1]
Shengrong BVI [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A British Virgin Island company Incorporated on June 30, 2015	[1]
Ownership	100% owned by China Sunlong	[1]
Citi Profit BVI [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A British Virgin Island company Incorporated on April 2019
Ownership	100% owned by the Company
Shengrong HK [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A Hong Kong company Incorporated on September 25, 2015	[1]
Ownership	100% owned by Shengrong BVI	[1]
TMSR HK [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A Hong Kong company Incorporated on April 2019
Ownership	100% owned by Citi Profit BVI
Shengrong WFOE [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”)	[1]
Ownership	100% owned by Shengrong HK	[1]
Shengrong WFOE [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	Incorporated on March 1, 2016 Registered capital of USD 12,946 (HKD100,000), fully funded Purchase and sales of high efficiency permanent magnetic separator and comprehensive utilization system Trading of processed industrial waste materials	[1]
Tongrong WFOE [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) Incorporated on August 2019	[2]
Ownership	100% owned by TMSR HK	[2]
Makesi WFOE [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”) Incorporated on December 2020
Ownership	100% owned by TMSR HK
Hubei Shengrong [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A PRC limited liability company Incorporated on January 14, 2009	[3]
Ownership	100% owned by Shengrong WFOE	[3]
Hubei Shengrong [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	Registered capital of USD 4,417,800 (RMB 30,000,000), fully funded	[3]
Wuhan HOST [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A PRC limited liability company Incorporated on October 27, 2010 Registered capital of USD 750,075 (RMB 5,000,000), fully funded	[1]
Ownership	100% owned by Shengrong WFOE	[1]
Wuhan HOST [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	Research, development, production and sale of coating materials.	[1]
Shanghai Host Coating Materials Co., Ltd. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A PRC limited liability company Incorporated on December 11, 2014 Registered capital of USD 3,184,371 (RMB 20,000,000), to be fully funded by November 2024	[1]
Ownership	80% owned by Wuhan HOST
Shanghai Host Coating Materials Co., Ltd. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	No operations and no capital contribution has been made as of December 31, 2018	[1]
Wuhan HOST Coating Materials Xiaogan Co., Ltd. [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A PRC limited liability company Incorporated on December 25, 2018 Registered capital of USD 11,595,379 (RMB 80,000,000), to be fully funded by December 2028 No operations and no capital contribution has been made as of December 31, 2018	[1]
Ownership	90% owned by Wuhan HOST	[1]
Rong Hai [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A PRC limited liability company Incorporated on May 20, 2009 Registered capital of USD 3,171,655 (RMB 20,180,000), fully funded Coal wholesales and sales of coke, steels, construction materials, mechanical equipment and steel scrap	[2]
Ownership	VIE of Tongrong WFOE	[2]
Wuge [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A PRC limited liability company Incorporated on July 4, 2019
Ownership	VIE of Makesi WFOE
TJComex BVI [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A British Virgin Island company Incorporated on March 8, 2016	[4]
Ownership	100% owned by China Sunlong	[4]
TJComex HK [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A Hong Kong company Incorporated on March 19, 2014	[4]
Ownership	100% owned by TJComex BVI	[4]
TJComex WFOE [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”)	[4]
Ownership	100% owned by TJComex HK	[4]
TJComex WFOE [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	Incorporated on March 10, 2004	[4]
TJComex WFOE [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	Registered capital of USD 200,000	[4]
TJComex Tianjin [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	A PRC limited liability company Incorporated on November 19, 2007	[4]
Ownership	100% owned by TJComex WFOE	[4]
TJComex Tianjin [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	Registered capital of USD 7,809,165 (RMB 55,000,000)	[4]
TJComex Tianjin [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Background	General merchandise trading business and related consulting services	[4]
[1]	Disposed on June 30, 2020
[2]	Disposed on March 31, 2021
[3]	Disposed on December 27, 2018
[4]	Disposed on April 2, 2018

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Other comprehensive income (in Dollars)	$ 225,857	$ 935,638
Foreign currency translation, description	The balance sheet amounts, with the exception of shareholders’ equity as of December 31, 2021 and 2020 were translated at 6.38 RMB and 6.52 RMB to $1.00, respectively. The shareholders’ equity accounts were stated at their historical rate. The average translation rates applied to statement of income accounts for the years ended December 31, 2021 and 2020 were 6.45 RMB and 6.90 RMB, respectively. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheet.
Deposits amount (in Dollars)	$ 900,522
Income tax benefit, percentage	50.00%
Outstanding warrants	9,079,348	10,500,000
Common shares excluded from diluted earnings per share	4,539,674	5,250,000
Outstanding options	824,000	824,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of plant and equipment	12 Months Ended
	Dec. 31, 2021
Building [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of plant and equipment [Line Items]
Plant and equipment, Estimated Residual Value	5.00%
Office equipment and furnishing [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of plant and equipment [Line Items]
Plant and equipment, Useful Life	5 years
Plant and equipment, Estimated Residual Value	5.00%
Production equipment [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of plant and equipment [Line Items]
Plant and equipment, Estimated Residual Value	5.00%
Automobile [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of plant and equipment [Line Items]
Plant and equipment, Useful Life	5 years
Plant and equipment, Estimated Residual Value	5.00%
Leasehold improvements [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of plant and equipment [Line Items]
Plant and equipment, Estimated Residual Value	0.00%
Property and equipment, Useful Life, description	Shorter of the remaining lease terms or estimated useful lives
Minimum [Member] | Building [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of plant and equipment [Line Items]
Plant and equipment, Useful Life	5 years
Minimum [Member] | Production equipment [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of plant and equipment [Line Items]
Plant and equipment, Useful Life	3 years
Maximum [Member] | Building [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of plant and equipment [Line Items]
Plant and equipment, Useful Life	20 years
Maximum [Member] | Production equipment [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of plant and equipment [Line Items]
Plant and equipment, Useful Life	10 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of intangible assets	12 Months Ended
	Dec. 31, 2021
Land use rights [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of intangible assets [Line Items]
Estimated useful lives for intangible assets	50 years
Patents [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of intangible assets [Line Items]
Estimated useful lives for intangible assets	10 years
Patents [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of intangible assets [Line Items]
Estimated useful lives for intangible assets	20 years
Software [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives of intangible assets [Line Items]
Estimated useful lives for intangible assets	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of disaggregate revenue - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of disaggregate revenue [Abstract]
Revenues – Wuge digital door signs	$ 25,029,949
Trading and others		591,455
Total revenues	$ 25,029,949	$ 591,455

Business Combination and Rest_3

Business Combination and Restructuring (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Jan. 03, 2020	Apr. 02, 2018
Business Combination and Restructuring (Details) [Line Items]
Impairment charge	$ 1,160,000
TJComex BVI [Member]
Business Combination and Restructuring (Details) [Line Items]
Net assets			$ 16,598
Operating revenue percentage			1.00%
Wuge [Member]
Business Combination and Restructuring (Details) [Line Items]
Goodwill acquisition	$ 7,300,000
Purchase Agreement [Member]
Business Combination and Restructuring (Details) [Line Items]
Aggregate shares issued (in Shares)		4,000,000
Percentage of service fee		100.00%

Business Combination and Rest_4

Business Combination and Restructuring (Details) - Schedule of net purchase price allocation	12 Months Ended
	Dec. 31, 2021USD ($)
Schedule of net purchase price allocation [Abstract]
Total consideration at fair value	$ 7,200,000

Business Combination and Rest_5

Business Combination and Restructuring (Details) - Schedule of the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date - Wuge [Member]	Sep. 30, 2021USD ($)
Business Combination and Restructuring (Details) - Schedule of the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date [Line Items]
Cash	$ 228,788
Other current assets	20,834
Plant and equipment	6,024
Other noncurrent assets	8,097
Goodwill	7,343,209
Total asset	7,606,952
Total liabilities	(406,952)
Net asset acquired	$ 7,200,000

Variable Interest Entity (Detai

Variable Interest Entity (Details)	1 Months Ended
	Mar. 30, 2021USD ($)$ / sharesshares
Accounting Policies [Abstract]
Purchase price | $	$ 2,464,411
Cancelling shares of common stock | shares	426,369
Per share value | $ / shares	$ 5.78

Variable Interest Entity (Det_2

Variable Interest Entity (Details) - Schedule of carrying amount of the VIE’s assets and liabilities - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Variable Interest Entity [Line Items]
Total assets	$ 25,957,847	$ 22,715,001
Total liabilities	15,833,781	8,800,317
Other payables – related party		491,136
Tax payables	2,246,418	72,639
Total current liabilities	15,825,043	8,766,619
Variable Interest Entities [Member]
Variable Interest Entity [Line Items]
Current assets	17,258,309	9,600,157
Property, plants and equipment	284,151	1,268,272
Other noncurrent assets	1,825,048	196,415
Goodwill	6,590,339	11,650,157
Current liabilities	15,825,043	8,766,619
Non-current liabilities	8,738	33,698
Net assets	10,124,066	13,914,684
Short-term loan		475,103
Accounts payable	3,202,771	1,037,723
Other payables and accrued liabilities	1,622,689	103,323
Other payables – related party	2,841,242	6,090,841
Tax payables	973,748	57,815
Customer Advances	7,171,255	900,522
Lease liabilities	13,338	101,292
Lease liabilities - noncurrent	$ 8,738	$ 33,698

Variable Interest Entity (Det_3

Variable Interest Entity (Details) - Schedule of summarized operating results of the VIE’s - Variable Interest Entities [Member]	12 Months Ended
	Dec. 31, 2021USD ($)
Variable Interest Entity (Details) - Schedule of summarized operating results of the VIE’s [Line Items]
Operating revenues	$ 25,029,949
Gross profit	8,370,246
Income from operations	5,016,668
Net income	$ 3,721,527

Accounts Receivable and Accou_3

Accounts Receivable and Accounts Receivable – Related Party (Details) - Schedule of accounts receivable - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of accounts receivable [Abstract]
Accounts receivable		$ 1,670,526
Less: Allowance for doubtful accounts		(598,936)
Total accounts receivable, net		$ 1,071,590

Accounts Receivable and Accou_4

Accounts Receivable and Accounts Receivable – Related Party (Details) - Schedule of movement of allowance for doubtful accounts - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of movement of allowance for doubtful accounts [Abstract]
Beginning balance
Beginning balance from Wuhan HOST
Beginning balance from Rong Hai		24,055
Depositing ending balance of Hubei Shengrong
Addition		542,087
Recovery and reversals
Exchange rate effect		32,794
Ending balance		$ 598,936

Inventories (Details) - Schedul

Inventories (Details) - Schedule of inventories - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of inventories [Abstract]
Raw materials
Finished goods	3,714	1,047,274
Total inventories	$ 3,714	$ 1,047,274

Plant and Equipment, Net (Detai

Plant and Equipment, Net (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 59,089	$ 19,869

Plant and Equipment, Net (Det_2

Plant and Equipment, Net (Details) - Schedule of plant and equipment - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Subtotal	$ 344,143	$ 349,507
Less: accumulated depreciation and amortization	(60,247)	(266,674)
Total	283,896	82,833
Office equipment and furniture [Member]
Property, Plant and Equipment [Line Items]
Subtotal	124,248	76,605
Automobile [Member]
Property, Plant and Equipment [Line Items]
Subtotal	$ 219,895	$ 272,902

Intangible Assets, Net (Details

Intangible Assets, Net (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 1,240,281	$ 141

Intangible Assets, Net (Detai_2

Intangible Assets, Net (Details) - Schedule of intangible assets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Less: accumulated amortization	$ (784,584)	$ (149)
Net intangible assets	255	1,226,521
Development of technology [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	784,227	1,226,072
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	$ 612	$ 598

Goodwill (Details) - Schedule o

Goodwill (Details) - Schedule of goodwill by business units	12 Months Ended
	Dec. 31, 2021USD ($)
Goodwill [Line Items]
Balance as of December 31, 2020	$ 11,650,157
Goodwill impairments	(1,163,001)
Disposal of the company	(3,896,817)
Balance as of December 31, 2021	6,590,339
Rong Hai [Member]
Goodwill [Line Items]
Balance as of December 31, 2020	3,896,817
Disposal of the company	(3,896,817)
Balance as of December 31, 2021
Wuge [Member]
Goodwill [Line Items]
Balance as of December 31, 2020	7,753,340
Goodwill impairments	(1,163,001)
Disposal of the company
Balance as of December 31, 2021	$ 6,590,339

Related Party Balances and Tr_3

Related Party Balances and Transactions (Details) - Schedule of other receivable – related party - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Balances and Transactions (Details) - Schedule of other receivable – related party [Line Items]
Name of related party	Total
Relationship	$466,407
Other receivable – related party	$ 610,948	$ 230,134
Chengdu Yuan Code Chain Technology Co. LTD [Member]
Related Party Balances and Transactions (Details) - Schedule of other receivable – related party [Line Items]
Name of related party	Chengdu Yuan Code Chain Technology Co. Ltd
Relationship	A company controlled by former shareholder of the Company
Other receivable – related party	$ 513,387	230,134
Marchain (Shanghai) Network Technology Co., LTD [Member]
Related Party Balances and Transactions (Details) - Schedule of other receivable – related party [Line Items]
Name of related party	Marchain (Shanghai) Network Technology Co., LTD
Relationship	A company controlled by shareholder of the Company
Other receivable – related party	$ 78,423
Chenghua District Code To Code To Commerce And Trade Department [Member]
Related Party Balances and Transactions (Details) - Schedule of other receivable – related party [Line Items]
Name of related party	Chenghua District Code To Code To Commerce And Trade Department
Relationship	A company controlled by  employee of the Company
Other receivable – related party	$ 19,138

Related Party Balances and Tr_4

Related Party Balances and Transactions (Details) - Schedule of other payables – related parties - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2008	Dec. 31, 2020
Related Party Balances and Transactions (Details) - Schedule of other payables – related parties [Line Items]
Name of related party	Total
Relationship	$466,407
Other payables - related parties			$ 491,136
Chuanliu Ni [Member]
Related Party Balances and Transactions (Details) - Schedule of other payables – related parties [Line Items]
Name of related party		Chief Executive Officer and director of a former subsidiary
Relationship	$325,907
Other payables - related parties			325,907
Zhong Hui Holding Limited [Member]
Related Party Balances and Transactions (Details) - Schedule of other payables – related parties [Line Items]
Name of related party		Shareholder of the Company
Relationship	140,500
Other payables - related parties			140,500
Qihai Wang [Member]
Related Party Balances and Transactions (Details) - Schedule of other payables – related parties [Line Items]
Name of related party		Shareholder of the Company
Relationship
Other payables - related parties			$ 24,729

Taxes (Details)

Taxes (Details) - USD ($) $ in Millions	1 Months Ended			12 Months Ended
	Apr. 30, 2019	May 31, 2018	Dec. 22, 2017	Dec. 31, 2021
Taxes (Details) [Line Items]
Net operating loss (in Dollars)				$ 24.7
Minimum [Member]
Taxes (Details) [Line Items]
Value added tax	6.00%	6.00%
Gross sales price, percentage		6.00%
Maximum [Member]
Taxes (Details) [Line Items]
Value added tax	13.00%	17.00%
Gross sales price, percentage		16.00%
PRC [Member]
Taxes (Details) [Line Items]
Foreign tax rate, percentage				25.00%
United States [Member]
Taxes (Details) [Line Items]
Net operating loss carry forward (in Dollars)				$ 5.2
Deferred tax asset valuation allowance, description				Accordingly, the Company has provided a 100% valuation allowance on the deferred tax asset to reduce the asset to zero.
Corporate tax rate, description			On December 22, 2017, the “Tax Cuts and Jobs Act” (“The 2017 Tax Act”) was enacted in the United States. Under the provisions of the Act, the U.S. corporate tax rate decreased from 34% to 21%. The 2017 Tax Act imposed a global intangible low-taxed income tax (“GILTI”), which is a new tax on certain off-shore earnings at an effective rate of 10.5% for tax years beginning after December 31, 2017 (increasing to 13.125% for tax years beginning after December 31, 2025) with a partial offset for foreign tax credits. The Company determined that there are no impact of GILTI for the year ended December 31, 2019 and 2018, which the Company believes that it will be imposed a minimum tax rate of 10.5% and to the extent foreign tax credits are available to reduce its US corporate tax, which may result in no additional US federal income tax being due.
Hong Kong [Member]
Taxes (Details) [Line Items]
Foreign tax rate, percentage				16.50%

Taxes (Details) - Schedule of d

Taxes (Details) - Schedule of deferred tax assets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of deferred tax assets [Abstract]
Net operating losses carried forward – U.S.	$ 5,191,512	$ 303,560
Net operating losses carried forward – PRC
Bad debt allowance		127,377
Valuation allowance	(5,191,512)	(303,560)
Deferred tax assets, net		$ 127,377

Taxes (Details) - Schedule of t

Taxes (Details) - Schedule of taxes payable - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of taxes payable [Abstract]
VAT taxes payable	$ 973,748	$ 1,589
Income taxes payable	1,272,670	70,914
Other taxes payable		136
Total	$ 2,246,418	$ 72,639

Leases (Details)

Leases (Details) - USD ($)	Jan. 01, 2019	Dec. 31, 2021	Dec. 31, 2020
Disclosure Text Block [Abstract]
Right-of-uses and lease liabilities	$ 58,000	$ 58,000
Effective interest rate		4.75%
Weighted average remaining lease term		1 year
Rent expenses amounted		$ 21,444	$ 32,698

Leases (Details) - Schedule of

Leases (Details) - Schedule of the five-year maturity of the Company’s lease obligations	Dec. 31, 2021USD ($)
Schedule of the five-year maturity of the Company’s lease obligations [Abstract]
2022	$ 14,649
2023	6,844
2024	3,513
Total lease payments	25,006
Less: interest	(2,930)
Present value of lease liabilities	$ 22,076

Concentration of Risk (Details)

Concentration of Risk (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
US [Member]
Concentration of Risk (Details) [Line Items]
Deposit for concentration risk	$ 202,781	$ 0
PRC [Member]
Concentration of Risk (Details) [Line Items]
Deposit for concentration risk	$ 14,385,549	$ 998,717

Equity (Details)

Equity (Details) - USD ($)

Jun. 01, 2021

Aug. 11, 2020

Apr. 04, 2019

Mar. 15, 2019

Mar. 11, 2019

Feb. 12, 2019

Jun. 01, 2018

Jul. 28, 2021

Feb. 23, 2021

Feb. 22, 2021

Jun. 30, 2020

Dec. 23, 2019

Feb. 20, 2019

Jun. 23, 2018

Aug. 31, 2016

Jul. 29, 2015

Dec. 31, 2021

Dec. 31, 2020

Jan. 03, 2020

Nov. 20, 2019

Equity (Details) [Line Items]

Statutory reserve, description

Makesi WFOE and Wuge are required to set aside at least 10% of their after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of its registered capital.

Shareholder stock split, description

On June 1, 2018, the Company’s shareholder approved a 2 for 1 stock split of the Company’s common stock at the Annual Meeting of Shareholders.

Common stock, par value (in Dollars per share)

$ 0.0001

$ 0.0001

Purchase price amount (in Dollars)

$ 7,200,000

Purchase agreement, description

the Company entered into an asset purchase agreement with certain seller(the “Seller”) pursuant to which the Company agreed to purchase from the Seller digital currency mining machines for a total purchase price of RMB 106,388,672.43, or US$ 16,442,109.95 (based on the exchange rate between RMB and USD of 1: 6.4705 as of July 8, 2021), payable in the form of 7,647,493 shares of common stock of the Company(“CCNC Shares”). The CCNC Shares are valued at $2.15 per share. The Company plans to use the assets to further develop its digital currency mining operation.

the Company entered into an asset purchase agreement with Sichuan RiZhanYun Jisuan Co., Ltd. (the “Seller”), which was amended and restated on April 16, 2021, and further amended on May 28, 2021. Pursuant to the asset purchase agreement, the Company purchased a total of 10,000 Bitcoin mining machines (the “Assets”) for a total purchase price of RMB 40,000,000 or US$6,160,000 based on the exchange rate as of April 8, 2021 (the “Purchase Price”), payable in the form of 1,587,800 shares of common stock of the Company, valued at US$3.88 per share, which is the closing bid price of the common stock of the Company on the Nasdaq Stock Market on April 8, 2021.

Original agreement description

The Company shall issue to the Seller or its designees RMB 5,000,000 or US$770,000 worth of common stock of the Company (the “Bonus Shares”) if the Assets generate an average net profit per day/10,000 machines (the “Daily Profit”) on behalf of the Company during the one-year period from March 19, 2021 to March 19, 2022 (the “Valuation Period”) equals to RMB 200,000 or US$30,800 and if the Assets generate an average net profit per month/10,000 machines (the “Monthly Profit”) on behalf of the Company during the Valuation Period equals to RMB 6,000,000 or US$924,000. If the Daily Profit is more than RMB 200,000 or US$30,800 and the Monthly Profit is more than RMB 6,000,000 or US$924,000, the Company shall issue to the Seller or its designees additional shares of common stock in proportion to the amount that is in excess. If the Daily Profit is less than RMB 200,000 or US$30,800 or the Monthly Profit is less than RMB 6,000,000 or US$924,000, the Company shall not issue to the Seller or its designees any Bonus Shares and such month is deemed a “Re-evaluated Month”. At the end of the Valuation Period, the Monthly Profit of such Re-evaluated Month(s) shall be aggregated (the “Aggregate Profit”), and the Company shall issue RMB5,000,000 or US$770,000 worth of common stock of the Company for every RMB6,000,000 or US$924,000 in Aggregate Profit on a pro rata basis. Such Daily Profit and Monthly Profit shall be determined on a monthly basis on the first day of the next month. Such Bonus Shares and additional shares, when applicable, shall be issued on the fifteenth day of the next month.  For any month that has 28 days or 31 days, the Monthly Profit is calculated based on the actual number of days in the month. Notwithstanding the foregoing, no share pursuant to this Agreement shall be issued earlier than May 24, 2021 in any event. The total number of shares of common stock, including the Bonus Shares, issuable to the Seller or its designees pursuant to the Agreement shall in no event be more than 19.99% of the total shares issued and outstanding of Company as of the February 23, 2021, the date of the asset purchase agreement.

Issued aggregate shares

46,077,110

29,176,026

Bonus shares

925,494

Bonus shares value per share (in Dollars per share)

$ 2.51

Securities Purchase Agreement [Member]

Equity (Details) [Line Items]

Common stock, par value (in Dollars per share)

$ 0.0001

$ 0.0001

Number of shares

1,492,000

3,692,859

Purchase price per share (in Dollars per share)

$ 1.5

$ 2

$ 1

Net proceeds from offering shares (in Dollars)

$ 2,900,000

$ 3,660,000

Aggregate shares issued

1,674,428

Gross proceeds from private placement (in Dollars)

$ 2,510,000

Securities purchase agreement, description

the sale of (i) 4,166,666 shares of common stock, par value $0.0001 of the Company (the “Shares”) and (ii) registered investor warrants, with a term of five years, exercisable immediately upon issuance, to purchase an aggregate of up to 1,639,362 shares of common stock (the “Registered Investor Warrant Shares”) at an exercise price of $6.72 per share, subject to adjustments thereunder, including a reduction in the exercise price, in the event of a subsequent offering at a price less than the then current exercise price, to the same price as the price in such offering (a “Price Protection Adjustment”) (the “Registered Investor Warrants”), and (b) a concurrent private placement (the “Private Placement” and collectively with the Registered Direct Offering, the “Offering”) for the sale of unregistered investor warrants, with a term of five and one-half years, first exercisable on the date that is the earlier of (i) six months after the date of issuance or (ii) the date on which the Company obtains stockholder approval approving the sale of all of the securities offered and sold under the Purchase Agreement (the “Stockholder Approval”) to purchase an aggregate of up to 2,527,304 shares of common stock (the “Unregistered Investor Warrant Shares”) at an exercise price of $6.72 per share, subject to adjustments thereunder, including (x) a Price Protection Adjustment and (y) in the event the exercise price is more than $6.10, a reduction of the exercise price to $6.10, upon obtaining the Stockholder Approval (the “Unregistered Investor Warrants”). The Shares, the Registered Investor Warrants, the Unregistered Investor Warrants, the Registered Investor Warrant Shares and the Unregistered Investor Warrant Shares are collectively referred to as the “Securities.” The Company received gross proceeds from the sale of the Securities of $24,999,996, before deducting placement agent fees and other Offering expenses.

Purchase Agreement [Member]

Equity (Details) [Line Items]

Purchase price per share (in Dollars per share)

$ 1.71

Aggregate shares issued

4,000,000

Percentage of service fee

100.00%

Sponsor [Member]

Equity (Details) [Line Items]

Number of shares

500,000

Purchase price per share (in Dollars per share)

$ 5

Gross proceeds from private placement (in Dollars)

$ 2,500,000

Underwriter [Member]

Equity (Details) [Line Items]

Securities purchase agreement, description

The Company sold to the underwriter (and/or its designees), for $100, as additional compensation, an option to purchase up to a total of 800,000 units exercisable at $5.00 per unit (or an aggregate exercise price of $4,000,000) upon the closing of the Public Offering. Since the option is not exercisable until the earliest on the closing the initial Business Combination, the option will effectively represent the right to purchase up to 800,000 shares of common stock and 800,000 warrants to purchase 400,000 shares at $5.75 per full share for an aggregate maximum amount of $6,300,000.

Restricted Stock [Member]

Equity (Details) [Line Items]

Aggregate shares of restricted common stock

142,530

131,330

Fair value (in Dollars)

$ 290,761

$ 261,347

Closing price of stock (in Dollars per share)

$ 2.04

$ 1.99

Director [Member]

Equity (Details) [Line Items]

Common stock price per share (in Dollars per share)

$ 4.9

Director [Member] | Series of Individually Immaterial Business Acquisitions [Member]

Equity (Details) [Line Items]

Acquire shares of common stock

12,000

Warrants Options [Member]

Equity (Details) [Line Items]

Number of shares

10,000,000

Purchase price per share (in Dollars per share)

$ 5

Common stock rights, description

Each Public Unit consists of one share of the Company’s common stock, $0.0001 par value, and one warrant. Each warrant will entitle the holder to purchase one-half of one share of common stock at an exercise price of $2.88 per half share ($5.75 per whole share). Warrants may be exercised only for a whole number of shares of common stock. No fractional shares will be issued upon exercise of the warrants. The warrants will become exercisable on 30 days after the consummation of its initial Business Combination with China Sunlong on February 6, 2018. The warrants will expire February 5, 2023. The warrants will be redeemable by the Company at a price of $0.01 per warrant upon 30 days prior written notice after the warrants become exercisable, only in the event that the last sale price of the common stock equals or exceeds $12.00 per share for any 20 trading days within a 30-trading day period ending on the third business day prior to the date on which notice of redemption is given

Makesi WFOE [Member]

Equity (Details) [Line Items]

Restricted net assets (in Dollars)

$ 4,519,455

Wuge [Member]

Equity (Details) [Line Items]

Restricted net assets (in Dollars)

$ (216,935)

Sunlongt [Member] | Purchase Agreement [Member]

Equity (Details) [Line Items]

Purchase price amount (in Dollars)

$ 1,732,114

Consideration of cancellation shares

1,012,932

Common Stock [Member]

Equity (Details) [Line Items]

Issued aggregate shares

26,693

Common stock, par value (in Dollars per share)

$ 0.0001

Purchase price per share (in Dollars per share)

$ 5

Aggregate offering price (in Dollars)

$ 133,335

Conversion of warrants

294,971

415,355

Shares of common stock

1,587,800

52,077

54,826

Fair value of common shares

142,530

131,330

Common shares per share (in Dollars per share)

$ 2.04

$ 1.99

Wrote off common shares

947,037

Issued aggregate shares

2,513,294

Equity (Details) - Schedule of

Equity (Details) - Schedule of warrant activity	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Schedule of warrant activity [Abstract]
Warrants Outstanding, Beginning balance	9,079,348
Exercisable Shares, Beginning balance	4,539,674
Weighted Average Exercise Price, Beginning balance (in Dollars per share) | $ / shares	$ 5.75
Average Remaining Contractual Life, Beginning balance	2 years 1 month 17 days
Warrants Outstanding, Ending balance	9,079,348
Exercisable Shares, Ending balance	4,539,674
Weighted Average Exercise Price, Ending balance (in Dollars per share) | $ / shares	$ 5.75
Average Remaining Contractual Life, Ending balance	1 year 1 month 9 days
Warrants Outstanding, Granted/Acquired
Exercisable Shares, Granted/Acquired
Weighted Average Exercise Price, Granted/Acquired (in Dollars per share) | $ / shares
Warrants Outstanding, Forfeited
Exercisable Shares, Forfeited
Weighted Average Exercise Price, Forfeited (in Dollars per share) | $ / shares
Warrants Outstanding, Exercised
Exercisable Shares, Exercised
Weighted Average Exercise Price, Exercised (in Dollars per share) | $ / shares

Equity (Details) - Schedule o_2

Equity (Details) - Schedule of option activity	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Schedule of option activity [Abstract]
Options Outstanding, Beginning balance | shares	824,000
Weighted Average Exercise Price, Beginning balance | $ / shares	$ 5
Average Remaining Contractual Life, Beginning balance	2 years 1 month 17 days
Options Outstanding, Ending balance | shares	824,000
Weighted Average Exercise Price, Ending balance | $ / shares	$ 5
Average Remaining Contractual Life, Ending balance	1 year 1 month 9 days
Options Outstanding, Granted/Acquired | shares
Weighted Average Exercise Price, Granted/Acquired | $ / shares
Options Outstanding, Forfeited | shares
Weighted Average Exercise Price, Forfeited | $ / shares
Options Outstanding, Exercised | shares
Weighted Average Exercise Price, Exercised | $ / shares

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of assets by division - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total Assets	$ 50,535,257	$ 25,135,119
Total revenues	25,029,949	591,455
Rong Hai and Tongrong WFOE [Member]
Segment Reporting Information [Line Items]
Total Assets		15,006,063
Total revenues
Wuge [Member]
Segment Reporting Information [Line Items]
Total Assets	19,367,508	2,304,566
Total revenues	25,029,949	591,455
CCNC, Citi Profit BVI and TMSR HK [Member]
Segment Reporting Information [Line Items]
Total Assets	31,167,749	7,824,490
Total revenues

Discontinued Operations (Detail

Discontinued Operations (Details) - Schedule of financial position and result of operations for the discounted operations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
REVENUES
Fuel materials	$ 4,890,734	$ 11,261,428
TOTAL REVENUES	4,890,734	11,261,428
GROSS PROFIT	200,346	534,119
INCOME FROM OPERATIONS	40,092	(456,482)
INCOME (LOSS) BEFORE INCOME TAXES	32,467	(458,556)
PROVISION FOR INCOME TAXES (TAX BENEFIT)	8,896	(60,515)
NET INCOME (LOSS)	23,571	(398,041)
Fuel materials	4,690,388	10,727,309
TOTAL COST OF REVENUES	4,690,388	10,727,309
Selling, general and administrative	160,254	990,601
TOTAL OPERATING EXPENSES	160,254	990,601
Interest income	75	1,870
Interest expense	(7,708)	(18,235)
Investment income		14,292
Other income (expense), net	8	(1)
Total other income (expense), net	$ (7,625)	$ (2,074)

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)	Sep. 27, 2021	Jul. 28, 2021
Subsequent Events [Abstract]
Asset purchase agreement, description		pursuant to which the Company agreed to purchase from the Seller digital currency mining machines (the “Assets”) for a total purchase price of RMB 106,388,672.43, or US$ 16,442,109.95 (based on the exchange rate between RMB and USD of 1: 6.4705 as of July 8, 2021), payable in the form of 7,647,493 shares of common stock of the Company (the “CCNC Shares”). The CCNC Shares were valued at $2.15 per share.
Total purchase price	$ 15,922,303