Newater Technology (NEWA) 20-F/A 17 Jun 20 2019 FY Annual report (foreign) (amended) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2019shares
Document and Entity Information [Abstract]
Entity Registrant Name	Newater Technology, Inc.
Entity Central Index Key	0001678022
Amendment Flag	true
Amendment Description	This Amendment No. 1 to Form 20-F (the "Form 20-F/A") amends the annual report on Form 20-F of Newater Technology, Inc, ("Newater") for the fiscal year ended December 31, 2019, originally filed with the U.S. Securities and Exchange Commission ("SEC") on June 8, 2020 (the "Form 20-F"). This Form 20-F/A is being filed to confirm Newater is relying on the SEC's March 4, 2020 Order (Release No. 34-88318), as modified on March 25. 2020 (Release No. 34-88465) (the "SEC Order"), and to state the reasons why Newater was unable to comply with the original filing deadline for the Form 20-F as required by the SEC Order.No other changes have been made to the Form 20-F. The Form 20-F, as amended by this Form 20-F/A, speaks as of the original filing date of the Form 20-F, is not intended to reflect events that may have occurred subsequent to the original filing date of the Form 20-F, and is not intended to update in any way the disclosures made in the Form 20-F.
Current Fiscal Year End Date	--12-31
Document Type	20-F/A
Document Period End Date	Dec. 31, 2019
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Entity File Number	001-38170
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Incorporation State Country Code	D8
Entity Common Stock, Shares Outstanding	10,809,000
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Current assets
Cash and cash equivalents	$ 9,944,765	$ 2,461,501
Restricted cash, current	4,021,177	6,033,482
Accounts receivable, net	11,293,625	10,064,847
Accounts receivable - related parties, net	2,392,087	1,948,009
Notes receivable	360,505	6,999
Inventories	13,715,369	13,762,959
Deposit - related party		10,180
Deferred cost of revenue	221,737	343,090
Advance to suppliers and other current assets, net	4,699,755	4,904,290
Total current assets	46,649,020	39,535,357
Retentions receivable, non-current	734,140	344,856
Property, plant and equipment, net	24,611,862	18,753,340
Land use rights, net	2,008,096	2,078,240
Operating lease right-of-use assets, net	141,016
Deferred tax assets		604,064
Deposit on loan agreement	918,643	436,275
Long-term investments	2,997,419
Total assets	78,060,196	61,752,132
Current liabilities
Accounts payable and bank acceptance notes to vendors	8,099,529	5,353,538
Accounts payable - related parties	5,225,004	3,389,148
Loans due within one year	11,809,449	10,867,111
Advances from customers	5,522,913	2,953,595
Advances from customers - related parties	7,254,968	586,719
Income tax payables	322,419	732,699
Accrued expenses and other payables	6,971,505	6,375,800
Operating lease liabilities, current	56,852
Deferred income	43,061
Total current liabilities	45,305,700	30,258,610
Deferred Income, non-current	43,061
Deferred tax liabilities	288,687
Operating lease liabilities, non-current	68,420
Long-term loans, less current portion and unamortized debt issuance costs	1,377,217	4,449,889
Total non-current liabilities	1,777,385	4,449,889
Total liabilities	47,083,085	34,708,499
Shareholders' equity
Common shares ($0.001 par value, 200,000,000 shares authorized,10,809,000 shares issued and outstanding as of December 31, 2019 and December 31, 2018)	10,809	10,809
Additional paid-in capital	26,303,348	15,059,181
Statutory reserves	2,267,219	1,765,711
Retained earnings	3,946,021	11,380,149
Accumulated other comprehensive loss	(1,550,286)	(1,172,217)
Total shareholders' equity	30,977,111	27,043,633
Total liabilities and shareholders' equity	$ 78,060,196	$ 61,752,132

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	10,809,000	10,809,000
Common stock, shares outstanding	10,809,000	10,809,000

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Net revenues	$ 23,716,978	$ 25,973,963	$ 16,192,503
Net revenues from related parties	13,857,014	21,066,741	9,146,994
Total revenues	37,573,992	47,040,704	25,339,497
Cost of revenues	20,233,998	20,474,072	17,199,866
Cost of revenues from related parties	1,450,627	5,669,252
Total cost of revenues	21,684,625	26,143,324	17,199,866
Gross profit	15,889,367	20,897,380	8,139,631
Operating expenses:
Selling, general and administrative	10,148,039	12,025,924	5,452,349
Total operating expenses	10,148,039	12,025,924	5,452,349
Income from operations	5,741,328	8,871,456	2,687,282
Interest expense	1,087,051	658,290	242,707
Interest income	(38,328)	(26,632)	(112,592)
Government grants	(946,164)	(627,748)	(513,538)
Investment loss	17,023
Other expenses (income)	(153,546)	(1,162)	3,956
Total other expenses (income)	(33,964)	2,748	(379,467)
Income before income taxes provisions	5,775,292	8,868,708	3,066,749
Income tax provisions	1,463,745	1,657,279	475,818
Net income	4,311,547	7,211,429	2,590,931
Other comprehensive income (loss)
Foreign currency translation adjustment	(378,069)	(1,159,084)	535,810
Total comprehensive income	$ 3,933,478	$ 6,052,345	$ 3,126,741
Earnings per common share
Basic	$ 0.40	$ 0.67	$ 0.26
Diluted	$ 0.40	$ 0.67	$ 0.26
Weighted average common shares outstanding
Basic	10,809,000	10,809,000	9,864,479
Diluted	10,809,000	10,809,000	9,864,479

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($)	Common Shares	Additional Paid-in Capital	Retained Earnings (Deficit)	Statutory Reserves	Accumulated Other Comprehensive Income (Loss)	Total
Beginning balance at Dec. 31, 2016	$ 9,199	$ 7,949,466	$ 2,960,698	$ 382,802	$ (548,943)	$ 10,753,222
Beginning balance, Shares at Dec. 31, 2016	9,199,000
Net income			2,590,931			2,590,931
Statutory reserves			(322,896)	322,896
Issuance of common shares for cash	$ 1,610	7,109,715				7,111,325
Issuance of common shares for cash, Shares	1,610,000
Foreign currency translation adjustment					535,810	535,810
Ending balance at Dec. 31, 2017	$ 10,809	15,059,181	5,228,733	705,698	(13,133)	20,991,288
Ending balance, Shares at Dec. 31, 2017	10,809,000
Net income			7,211,429			7,211,429
Statutory reserves			(1,060,013)	1,060,013
Foreign currency translation adjustment					(1,159,084)	(1,159,084)
Ending balance at Dec. 31, 2018	$ 10,809	15,059,181	11,380,149	1,765,711	(1,172,217)	27,043,633
Ending balance, Shares at Dec. 31, 2018	10,809,000
Net income			4,311,547			4,311,547
Statutory reserves			(501,508)	501,508
Capital increase from retained earnings		11,244,167	(11,244,167)
Foreign currency translation adjustment					(378,069)	(378,069)
Ending balance at Dec. 31, 2019	$ 10,809	$ 26,303,348	$ 3,946,021	$ 2,267,219	$ (1,550,286)	$ 30,977,111
Ending balance, Shares at Dec. 31, 2019	10,809,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities
Net income	$ 4,311,547	$ 7,211,429	$ 2,590,931
Adjustments to reconcile net income to net cash used in operating activities:
Loss from equity method investment	17,023
Depreciation and amortization expense	1,549,296	558,327	233,493
Deferred income taxes	892,548	(118,199)	(312,997)
Bad debt expense	1,243,709	280,228	229,707
Amortization of debt issuance costs	324,221	103,772
Noncash lease expense	41,935
Loss on disposal of property, plant and equipment	1,367	13,256
Changes in assets and liabilities:
Accounts receivable, net	(1,509,728)	(5,327,278)	(5,076,425)
Accounts receivable - related parties, net	(1,103,104)	(1,427,078)	2,821,621
Notes receivable	(356,648)	(7,276)	70,000
Inventories	(2,923,465)	(5,762,750)	(4,923,400)
Deferred cost of revenue	117,910	383,382	(657,875)
Deferred cost of revenue - related party		1,765,856	(1,795,222)
Advances to suppliers and other current assets, net	(311,090)	(2,108,928)	(412,955)
Due from related parties			703
Retentions receivable, non-current	(397,157)	(358,505)
Deposit - related party	10,134	(10,583)
Other non-current assets			4,719
Accounts payable and bank acceptance notes to vendors	2,839,752	996,619	2,577,192
Accounts payable - related parties	1,896,054	3,269,238	248,695
Deferred income	43,433		(26,639)
Advances from customers	2,630,143	2,420,363	(220,483)
Advances from customers - related parties	6,733,465	(125,099)	719,550
Due to related parties			5,102
Deferred income, non-current	43,433
Operating lease liabilities	(76,752)
Income tax payables	(404,231)	267,988	144,944
Accrued expenses and other payables	(2,322,199)	(4,481,539)	589,638
Net cash provided by (used in) operating activities	13,291,596	(2,456,777)	(3,189,701)
Cash flows from investing activities
Cash paid for equity investments	(3,015,119)
Purchase of property, plant and equipment	(2,316,967)	(5,511,732)	(1,482,360)
Proceeds from disposal of property, plant and equipment	427,261	22,072
Advances to third party			(1,236,490)
Repayments from third party			1,236,490
Repayments from related parties			2,960
Deposit on acquisition of subsidiary		(200,000)
Net cash used in investing activities	(4,904,825)	(5,689,660)	(1,479,400)
Cash flows from financing activities
Proceeds from issuances of common shares			7,111,325
Repayment to related parties		(9,703)	(739,973)
Deposit on loan agreement	(503,939)	(473,698)
Proceeds from loans due within one year	7,454,711	11,493,557	8,805,683
Repayment of loans due within one year	(8,046,350)	(11,952,224)	(3,283,830)
Proceeds from long-term loans	6,376,169	8,631,493
Payment of debt issuance costs	(335,938)	(284,219)
Repayment of long-term loans	(7,736,415)	(730,595)
Net cash provided by (used in) financing activities	(2,791,762)	6,674,611	11,893,205
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	(124,050)	(404,956)	222,973
Net change in cash, cash equivalents and restricted cash	5,470,959	(1,876,782)	7,447,077
Cash, cash equivalents and restricted cash, beginning of the year	8,494,983	10,371,765	2,924,688
Cash, cash equivalents and restricted cash, end of the year	13,965,942	8,494,983	10,371,765
Supplemental cash flow information
Cash paid for interest	608,431	689,867	244,753
Cash paid for income taxes	977,755	1,507,489	656,602
Non-cash investing and financing activities:
Properties acquired with loans		52,161	206,000
Liabilities assumed in connection with purchase of property, plant and equipment	2,980,582	2,636,770	7,445,478
Operating expenses paid by related parties		9,703
Property, plant and equipment transferred from inventories	$ 2,791,339	$ 1,566,314

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Reconciliation of Cash, Cash Equivalents and Restricted Cash) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets
Cash and cash equivalents	$ 9,944,765	$ 2,461,501	$ 3,118,080
Restricted cash	4,021,177	6,033,482	7,253,685
Total cash, cash equivalents and restricted cash	$ 13,965,942	$ 8,494,983	$ 10,371,765

Organization

Organization	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	Note 1 – ORGANIZATION Newater Technology, Inc. ("Newater Technology") was incorporated on September 30, 2015 under the laws of the British Virgin Islands. On November 4, 2015, Newater Technology incorporated a wholly owned subsidiary, Newater HK Limited ("Newater HK") in Hong Kong for the purpose of being a holding company for the equity interest in Yantai Jinzheng Eco-Technology Co., Ltd. ("Jinzheng"). Other than the equity interest in Newater HK, Newater Technology does not conduct any operations or own any material assets or liabilities except for cash. Newater HK does not conduct any operations or own any material assets or liabilities except for cash, restricted cash, professional fees payable, and the 100% of the equity interest of Jinzheng which it acquired on January 25, 2016. Jinzheng was founded in Yantai City, Shandong Province, People's Republic of China ("PRC") on July 5, 2012 as a limited liability company. Jinzheng had a wholly owned subsidiary, Shandong Jinmo Recycled Water Resource Co., Ltd. ("Jinmo"), which was incorporated on March 19, 2015 and disposed on December 8, 2016. Jinzheng is a service provider and manufacturer of membrane filtration equipment and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater. On January 25, 2016, and February 5, 2016, respectively, Newater HK entered into an equity transfer agreement and a supplementary equity transfer agreement with Yuebiao Li, Zhuo Zhang, and Yue Zhang, the shareholders of Jinzheng at the time, to acquire 100% of the equity interests in Jinzheng ("reorganization"). Immediately before and after the reorganization, the shareholders of Jinzheng controlled Jinzheng and Newater Technology. Therefore, for accounting purposes, the reorganization is accounted for as a transaction between entities under common control. Accordingly, the accompanying consolidated financial statements have been prepared as if the current corporate structure had been in existence throughout the periods presented. The historical cost of all parties are carried forward. On March 27, 2019, Yantai Jinzheng Eco-Technology Co., Ltd Xi'an Branch ("Jinzheng-Xi'an") was incorporated in PRC as a branch of Jinzheng. Jinzheng-Xi'an does not conduct any operations or own any asset or liabilities. On April 24, 2019, Newater Technology America, Inc. ("Newater America") was incorporated in Delaware U.S. as Newater Technology's wholly owned subsidiary. Newater America does not conduct any operations or own any asset or liabilities except for cash. On April 30, 2019, Jinda Eco-Technology (Hainan) Co., Ltd. ("Jinda") was incorporated in PRC as Newater HK's wholly owned subsidiary. Jinda is mainly engaged in the sale and maintenance of water treatment equipment, and consulting services for water treatment technology. On June 14, 2019, Shaanxi Jinyu Zhengde Environmental Engineering Co., Ltd ("Jinyu") was incorporated in PRC as Jinzheng's wholly owned subsidiary. Shaanxi Jinyu does not conduct any operations or own any assets or liabilities. On June 11, 2018, Yantai nuclear power R&D Center Water Treatment Research Institute Co., Ltd ("Yantai Nuclear-Power") was incorporated in the PRC. On July 5, 2019, Jinzheng acquired 70% equity of Yantai Nuclear-Power with a symbolic consideration of approximately $0.3 (RMB 2). Yantai Nuclear-Power does not conduct any operations or own any assets or liabilities. As a result, Newater HK, Jinzheng, Newater America, Jinda, Jinzheng – Xi'an, Jinyu, and Yantai Nuclear-Power are referred to as subsidiaries. Newater Technology and its consolidated subsidiaries are collectively referred to herein as the "Company", "we" and "us", unless specific reference is made to an entity.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). This basis of accounting differs in certain material respects from that used for the preparation of the books of Jinzheng and Jinda, which are prepared in accordance with the accounting principles and the relevant financial regulations applicable to enterprises with limited liabilities established in the PRC ("PRC GAAP"), the accounting standards used in the places of their domicile. The accompanying consolidated financial statements reflect necessary adjustments not recorded in the books of Jinzheng and Jinda to present them in conformity with U.S. GAAP. The accompanying consolidated financial statements consolidate the financial statements of Newater Technology, its 100% owned subsidiaries Newater HK and Newater America, Newater HK's 100% owned subsidiaries Jinzheng and Jinda, and Jinzheng's branch, 100% owned and 70% owned subsidiaries, respectively, Jinzheng – Xi'an, Jinyu, and Yantai Nuclear-Power. All significant intercompany balances and transactions have been eliminated. The results of subsidiaries acquired or disposed of during the respective periods are included in the consolidated statements of income and comprehensive income from the effective date of acquisition or up to the effective date of disposal, as appropriate. Foreign Currency Translation The accompanying consolidated financial statements are presented in United States dollar ("$"), which is the reporting currency of the Company. The functional currency of Newater Technology, Newater America and Newater HK is United States dollar. The functional currency of Jinzheng, Jinzheng – Xi'an, Jinda, Jinyu and Yantai Nuclear-Power is Renminbi ("RMB"). For the subsidiaries whose functional currencies are RMB, results of operations and cash flows are translated at average exchange rates during the period, assets and liabilities are translated at the exchange rate at the end of the period, and equity is translated at historical exchange rates. The resulting translation adjustments are included in determining other comprehensive income or loss. Transaction gains and losses are reflected in the consolidated statements of income and comprehensive income. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions of future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as operating environment changes. Significant estimates and assumptions by management include, among others, estimated life and impairment of long-lived assets, allowance for doubtful accounts, contingencies and litigation, total costs in connection with service revenues, valuation of inventories and income taxes including the valuation allowance for deferred tax assets. While the Company believes that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual results could differ from those estimates. Estimates and assumptions are periodically reviewed and the effects of revisions are reflected in the financial statements in the period they are determined to be necessary. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit and all other highly liquid instruments with original maturities of three months or less. Restricted Cash The current portion of restricted cash includes bank deposits used to pledge bank acceptance notes, cash deposits pledged in exchange for guarantee service provided by third party and certificate of deposit pledged for bank loan obtained from a bank. The Company entered into credit agreements with commercial banks in China ("endorsing banks") which agree to provide credit within stipulated limits. Within the stipulated credit limits, the Company can issue bank acceptance notes to its suppliers as payments for purchases. In order to issue bank acceptance notes, the Company is generally required to make initial deposits to the endorsing banks in amounts of certain percentage of the face amount of the bank acceptance notes to be issued by the Company. The cash in such accounts is restricted for use over the terms of the bank acceptance notes, which are normally three to six months. Accounts Receivable and Allowance for Bad Debts The Company presents accounts receivables, net of allowances for doubtful accounts and returns, to ensure accounts receivable are not overstated due to failure in collection. Accounts receivable consists principally of amounts due from trade customers. Credit is extended based on an evaluation of the customer's financial condition and collateral is not generally required. Certain credit sales are made to industries that are subject to cyclical economic changes. The Company maintains allowances for doubtful accounts for estimated losses resulting from Company's failure to collect or recover from customers. Estimates are based on historical collection experience, current trends, credit policy and relationship between accounts receivable and revenues. In determining these estimates, the Company examines historical write-offs of its receivable and reviews each client's account to identify any specific customer collection issues. Retentions Receivable Retentions receivable represents the amount withheld by customers until the end of warranty period, usually one to two years from customer acceptance at installation. Retentions receivable which were expected to be collected within one year of $858,902 and $1,017,333 were included in the balance of accounts receivable, net as of December 31, 2019 and 2018, respectively. Retentions receivable from related parties which were expected to be collected within one year of $273,184 and $854,835 were included in the balance of accounts receivable from related parties, net as of December 31, 2019 and 2018, respectively. Retentions receivable which were expected to be collected after one year of $734,140 and $344,856 were included in the balance of retentions receivable, non-current as of December 31, 2019 and 2018, respectively. Inventories Inventories, consisting of raw materials, work in process and finished goods are stated at the lower of cost or net realizable value utilizing the weighted average method. Cost includes all costs of purchase, cost of conversion and other costs incurred to bring the inventories to their present location and condition. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to sell. The valuation of inventory requires the Company to estimate excess and slow moving inventories. The Company evaluates the recoverability of the inventory based on expected demand and market conditions. Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses. Cost represents the purchase price of the asset and other costs incurred to bring the asset into its existing use. Maintenance, repairs and betterments, including replacement of minor items, are charged to expense; major additions to physical properties are capitalized. Gains and losses on disposal of property, plant and equipment are recognized in the statement of income and comprehensive income based on the net disposal proceeds less the carrying amount of the assets. Depreciation of property, plant and equipment is calculated based on cost, less their estimated residual value, if any, using the straight-line method over their estimated useful lives. Estimated useful lives are as follows: Machinery equipment 10 years Computer software 10 years Kitchen and cookware 5 years Electronic equipment 5 years Office equipment 5 years Motor vehicles 5-10 years Buildings 5-20 years Membrane cushion 3 years Wastewater treatment system, except for membrane cushion 10 years Leasehold improvements The lesser of remaining lease term or 5 years Construction in progress mainly represents expenditures on the Company's factory under construction. All direct costs relating to the acquisition or construction of the Company's factory including interest cost are capitalized as construction in progress. Construction in progress is not depreciated until the asset is placed in service. Land Use Rights According to the law of China, the government owns all the land in China. Companies or individuals are authorized to possess and use the land only through land use rights granted by the Chinese government. Land use rights are being amortized using the straight-line method over the estimated useful life of 50 years. Impairment of Long-Lived Assets In accordance with ASC Topic 360, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset's estimated fair value and its book value. There were no impairment charges on long-lived assets for the years ended December 31, 2019, 2018 and 2017. Long-term Investments The Company's long-term investments are equity method investments. In accordance with ASC 323, Investments-Equity Method and Joint Ventures, the Company applies the equity method of accounting to equity investments, over which it has significant influence but does not own a majority equity interests or otherwise control. Significant influence is generally considered to exist when the Company has an ownership interest in the voting stock of the investee between 20% and 50%. Under the equity method, the Company initially records its investment at cost and subsequently adjusts the carrying amount of the investment to recognize the Company's proportionate share of each equity investee's net income or loss into earnings after the date of investment. The Company continually reviews its investment under equity method to determine whether a decline in fair value to below the carrying value is other-than-temporary. The primary factors in its determination are the duration and severity of the decline in fair value, the financial condition, operating performance and the prospects of the equity investee, and other company specific information such as recent financing rounds. If the decline in fair value is deemed to be other-than-temporary, the carrying value of the equity investee is written down to fair value. The Company makes a qualitative assessment of whether the investments is impaired at each reporting date. No impairment was identified during the year ended December 31, 2019. Fair Value of Financial Instruments For certain of the Company's financial instruments, including cash and cash equivalents, current portion of restricted cash, accounts receivable, net, notes receivables, inventories, deferred cost of revenue, advances to suppliers and other current assets, net, accounts payable and bank acceptance notes to vendors, loans due within one year, advances from customers, income tax payables, current portion of operating lease liability, current portion of deferred income, and accrued expenses and other payables, the carrying amounts approximate their fair values due to the short maturities. Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of amounts due from/to related parties due to their related party nature. Lease Commitments Recent adoption of accounting pronouncement ASU 2016-02 On January 1, 2019, the Company adopted Accounting Standards Update (ASU) 2016-02, Leases (together with all amendments subsequently issued thereto, "ASC Topic 842"), using the modified retrospective method. The Company elected the transition method which allows entities to initially apply the requirements by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. As a result of electing this transition method, previously reported financial information has not been restated to reflect the application of the new standard to the comparative periods presented. The Company elected the package of practical expedients permitted under the transition guidance within ASC Topic 842, which among other things, allows the Company to carry forward certain historical conclusions reached under ASC Topic 840 regarding lease identification, classification, and the accounting treatment of initial direct costs. The Company elected not to record assets and liabilities on its consolidated balance sheet for new or existing lease arrangements with terms of 12 months or less. The Company recognizes lease expenses for such leases on a straight-line basis over the lease term. In addition, the Company elected the land easement transition practical expedient and did not reassess whether an existing or expired land easement is a lease or contains a lease if it has not historically been accounted for as a lease. The initial lease liability is equal to the future fixed minimum lease payments discounted using the Company's incremental borrowing rate, on a secured basis. The lease term includes option renewal periods and early termination payments when it is reasonably certain that the Company will exercise those rights. The initial measurement of the right-of-use asset is equal to the initial lease liability plus any initial direct costs and prepayments, less any lease incentives. The primary impact of applying ASC Topic 842 is the initial recognition of $156,301 lease liabilities and $146,134 right-of-use assets on the Company's consolidated balance sheet as of January 1, 2019, for leases classified as operating leases under ASC Topic 840, as well as enhanced disclosure of the Company's leasing arrangements. There is no cumulative effect to retained earnings or other components of equity recognized as of January 1, 2019 and the adoption of this standard did not impact the consolidated statement of income and comprehensive income or consolidated statement of cash flows of the Company. The Company does not have finance lease arrangements as of December 31, 2019. See Note 12 for further discussion. Payments made under operating leases are charged to the consolidated statements of income and comprehensive income on a straight-line basis over the lease period. Earnings per Share Basic earnings per common share is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the year. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the sum of the weighted average number of common stock outstanding and dilutive potential common stock during the year. Potentially dilutive common shares consist of common stock warrants using the treasury stock method. Common equivalent shares are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive. Revenue Recognition The Company derives its revenues from: (1) sale of products such as membrane filtration equipment and related hardware, and integrated wastewater treatment systems ("product revenues"); (2) sale of engineered wastewater treatment system projects ("project revenues"); and (3) providing wastewater treatment services for landfill leachate, industrial park common effluent treatment plants, etc. ("service revenues"). Products Revenue Products Revenue is derived from contracts with customers, which primarily include the sale of membrane filtration systems and parts. The Company's sales arrangements do not contain variable consideration. The Company recognizes revenue at a point in time based on management's evaluation of when performance obligations under the terms of a contract with the customer are satisfied and control of the products has been transferred to the customer. For vast majority of the Company's product sales, the performance obligations and control of the products transfer to the customer when products are delivered and customer acceptance is made. Project Revenue The general contract terms of wastewater treatment system projects include project management, timeframe of the project, payment terms, rights and obligations of parties, acceptance criteria, and liability for breach of contract. The Company considers these promised goods and services as one performance obligation since its customer cannot benefit from a separate promised goods or service until combining them as a bundle of goods and series that is distinct. Revenue is recognized when performance obligation under the terms of a contract with the customer are satisfied and control of the products has been transferred to the customer, which normally occurs when customer-issued formal acceptance was obtained or (ii) the Company has demonstrated the equipment meets the agreed-upon criteria per the contract when formal acceptance is not available. The Company usually provides free after-sales service under project revenue, which includes warranty, technical support and training, for a period ranging from one to two years based on each contract. The warranty doesn't constitute a separate performance obligation since it is standard warranty to assure the project will function as expected. The actual after-sales expense was $467,056, $275,520 and $122,737 for the years ended December 31, 2019, 2018 and 2017, respectively. Service Revenue Service revenue is derived from the contracts with customers where the Company acts as a solution provider and treats wastewater for customers. The general contract terms of wastewater treatment service include operation management, timeframe of the service, pricing and payment terms, rights and obligations of parties, performance test criteria, and liability for breach of contract. The terms of pricing and payment stipulated in the contract are fixed. The Company recognizes service revenue as the performance obligations are satisfied over time, specifically, based on the volume of wastewater treated. Revenue consists of the invoiced value for the sales net of value-added tax ("VAT"), business tax, applicable local government levies, rebates, discounts and returns. The Company chooses its customers with scrutiny and keeps record of collection of receivables. Receivables from customers with solid credit records and history are considered probable to be collected. There were no sales returns and allowances for the years ended December 31, 2019, 2018 and 2017. The Company does not provide unconditional right of return, pricing protection or any other concessions to its customers. In accordance with ASC 606, the Company disaggregates revenue from contracts with customers by revenue stream. The Company determined that disaggregating revenue into these categories meets the disclosure objective in ASC 606 which is to depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by regional economic factors. Refer to Note 19 for information regarding revenue disaggregation by revenue stream. Contract liabilities are recorded when consideration is received from a customer prior to transferring the goods to the customer or other conditions under the terms of a sales contract. As of December 31, 2019 and 2018, the Company recorded contract liabilities of $5,522,913 and $2,953,595, respectively, which was presented as "Advances from customers" in the accompanying consolidated balance sheets. As of December 31, 2019 and 2018, the Company recorded contract liabilities of $7,254,968 and $586,719, respectively, which was presented as "Advances from customers – related parties" in the accompanying consolidated balance sheets. During the years ended December 31, 2019 and 2018, the Company recognized $1,464,271 and $246,146, respectively, of contract liabilities included in the opening balances of advance from customers. During the years ended December 31, 2019 and 2018, the Company recognized $525,934 and $707,056, respectively, of contract liabilities included in the opening balances of advance from customers – related parties. The amount was included in net revenues in the accompanying consolidated statements of income and comprehensive income. During the years ended December 31, 2019 and 2018, the Company recognized $215,307 and $0, respectively, of contract liabilities included in the opening balances of advance from customers. The amount was included in other income in the accompanying consolidated statements of income and comprehensive income. Cost of Revenue and Deferred Cost of Revenue The Company's cost of revenues primarily consists of (i) materials and equipment costs, (ii) compensation and related overhead expenses for personnel involved in the customization of its products, delivery, installation and maintenance and services ("compensation and overhead costs"), (iii) contractor costs, and (iii) depreciation of equipment used in operations. For products revenue and projects revenue, all costs associated with the sales are expensed when revenues are recognized. For service revenue, when revenue is recognized over time in accordance with the Company's revenue recognition policies, total costs are deferred and amortized over the same period that associated service revenue is recognized. The costs incurred but not expensed yet are recognized as "Deferred cost of revenue" in the accompanying consolidated balance sheets. As of December 31, 2019 and 2018, deferred cost of revenue totaled $221,737 and $343,090, respectively. Government Grants Government grants include cash subsidies received from the PRC government. Such subsidies are issued by the local government to encourage innovation, technology development, research and development. The government grant is recognized in the consolidated statements of income and comprehensive income when cash is received and the relevant performance criteria specified are met. In the years ended December 31, 2019, 2018 and 2017, the Company received government grants of approximately $1,033,030, $628,000, and $487,000, and recognized approximately $946,164, $628,000, and $514,000 (including $ 27,000 granted in 2015 and received in 2017), in the consolidated statements of income and comprehensive income, respectively. Research and Development Research and development costs are expensed as incurred. The costs primarily consist of raw materials purchased and consumed in experiments, product testing and other research and development activities and salaries and fees paid for the development and improvement of the Company's products and systems. Research and development costs for the years ended December 31, 2019, 2018 and 2017 were $1,826,346, $2,654,513 and $1,355,648, respectively. Selling Expenses Selling expenses consist primarily of advertising, salaries, travelling and shipping and handling costs incurred during the selling activities. Advertising and transportation expenses are charged to expense as incurred. Advertising costs in the amounts of $57,245, $6,376, and $1,519 for the years ended December 31, 2019, 2018 and 2017, respectively, are included in selling expenses. Shipping and handling costs amounting to $87,082, $35,326, and $14,178 for the years ended December 31, 2019, 2018 and 2017, respectively, are included in selling expenses. Income Taxes The Company accounts for income taxes under the provision of FASB ASC 740-10, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. Comprehensive Income/Loss ASC 220 "Comprehensive Income" established standards for reporting and display of comprehensive income/loss, its components and accumulated balances. Components of comprehensive income/loss include net income/loss and foreign currency translation adjustments. As of December 31, 2019 and 2018, the only component of accumulated other comprehensive income/loss was foreign currency translation adjustments. Concentration of Credit Risk Financial instruments the Company holds that are subject to concentrations of credit risk are cash, restricted cash, notes receivables and accounts receivable arising from its normal business activities. The Company places its cash and restricted cash in what it believes to be credit-worthy financial institutions. The Company routinely assesses the credit status of its customers and, based upon factors surrounding the credit risks, establishes an allowance, if required, for uncollectible accounts. The company believes its notes receivable and accounts receivable credit risk exposure beyond such allowance is limited. Related Parties Transactions A related party is generally defined as (i) any person that holds 10% or more of the Company's securities and their immediate families, (ii) the Company's management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered as a related party transaction when there is a transfer of resources or obligations between related parties. Related parties may be individuals or corporate entities. Segment Reporting The Company uses the "management approach" in determining reportable segments. The management approach considers the internal organization and reporting used by the Company's chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company's reportable segments. The Company's chief operating decision maker has been identified as the chief executive officer of the Company who reviews financial information of operating segments based on U.S. GAAP. The chief operating decision maker now reviews analysis reports on a customer-by-customer basis. This analysis is only presented at the revenue level with no allocation of direct or indirect costs. Consequently, the Company has determined that it has only one reportable segment. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, "Financial Instruments—Credit Losses". The standard, including subsequently issued amendments (ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-10 and ASU 2019-11), requires a financial asset measured at amortized cost basis, such as accounts receivable and certain other financial assets, to be presented at the net amount expected to be collected based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. This ASU is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, and requires the modified retrospective approach. Early adoption is permitted. The Company is evaluating the impact of this guidance on its consolidated financial statements. In December 2019, the FASB issued ASU 2019-12 - Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU provides an exception to the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. This update also (1) requires an entity to recognize a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, (2) requires an entity to evaluate when a step-up in the tax basis of goodwill should be considered part of the business combination in which goodwill was originally recognized for accounting purposes and when it should be considered a separate transaction, and (3) requires that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The standard is effective for the Company for fiscal years beginning after December 15, 2020, with early adoption permitted. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements. In February 2020, the FASB issued ASU 2020-02, "Financial Instruments – Credit Losses (Topic 326) and Leases (topic 842) Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (topic 842)". This ASU provides guidance regarding methodologies, documentation, and internal controls related to expected credit losses. This ASU is effective for interim and annual periods beginning after December 15, 2019, and early adoption is permitted. The Company is evaluating the impact of this guidance on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, " Fair Value Measurement (Topic 820), – Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement

Restricted Cash

Restricted Cash	12 Months Ended
	Dec. 31, 2019
Restricted Cash [Abstract]
RESTRICTED CASH	Note 3 – RESTRICTED CASH The current portion of restricted cash includes the bank deposit pledged for the bank acceptance notes issued to suppliers in the amount of $488,029, cash deposits pledged in exchange for guarantee service provided by third parties in the amount of $33,148, and certificate of deposits of $3,500,000 in the Newater HK's offshore bank account pledged for the short-term loan of $2,961,307 (RMB 21,000,000) from Industrial and Commercial Bank of China. Also see Note 11 for details on the loan. As of December 31, 2019 and 2018, the Company had current portion of restricted cash of $4,021,177 and $6,033,482, respectively.

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET	Note 4 – ACCOUNTS RECEIVABLE, NET The net book value of accounts receivable consisted of the following as of December 31, 2019 and 2018: December 31, December 31, Accounts receivable $ 11,895,600 $ 10,535,495 Less: Allowance for doubtful accounts (601,975 ) (470,648 ) Accounts receivable, net $ 11,293,625 $ 10,064,847 The movement of allowance for doubtful accounts consisted of the following: December 31, December 31, Allowance for doubtful accounts, beginning balance $ 470,648 $ 140,282 Increase 137,435 337,913 Decrease - - Effects of foreign exchange rate ( 6,108 ) (7,547 ) Allowance for doubtful accounts, ending balance $ 601,975 $ 470,648 Certain accounts receivable have been pledged to obtain long-term loans. See note 11 for details

Inventories

Inventories	12 Months Ended
	Dec. 31, 2019
Inventory Disclosure [Abstract]
INVENTORIES	Note 5 – INVENTORIES At December 31, 2019 and 2018, inventories consisted of the following: December 31, December 31, Raw materials $ 4,828,273 $ 5,029,535 Work in process 8,742,220 8,586,643 Finished goods 144,876 146,781 13,715,369 13,762,959 Less: write-down of inventories - - Inventories $ 13,715,369 $ 13,762,959 During the year ended December 31, 2019 and 2018, inventories in the amount of $2,791,339 and $1,566,314 were transferred into properties and equipment as the Company changed the use of the inventories into productive assets, respectively.

Advances to Suppliers and Other

Advances to Suppliers and Other Current Assets, Net	12 Months Ended
	Dec. 31, 2019
Advances to Suppliers and Other Current Assets, Net [Abstract]
ADVANCES TO SUPPLIERS AND OTHER CURRENT ASSETS, NET	Note 6 – ADVANCES TO SUPPLIERS AND OTHER CURRENT ASSETS, NET As of December 31, 2019 and 2018, advances to suppliers and other current assets consisted of the following: December 31, December 31, 2019 2018 VAT-input $ 69,388 $ 447,766 Deposits 294,242 1,232,632 Prepaid expense 1,017,531 368,586 Others 72,450 592,898 Total other current assets 1,453,611 2,641,882 Advances to suppliers 3,776,962 2,322,685 Total 5,230,573 4,964,567 Less: allowance for doubtful accounts (530,818 ) (60,277 ) Advances to suppliers and other current assets, net $ 4,699,755 $ 4,904,290 Other current assets include the value added tax pending for deduction and verification, advances to employees for business travel and other miscellaneous receivables such as utility fees, social insurance, personal income tax paid in advance on behalf of employees, prepayments made to service providers and property, plant and equipment suppliers and deposits, which include guarantee deposits, rent deposits and security deposits for bidding customer projects.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	Note 7 – PROPERTY, PLANT AND EQUIPMENT, NET As of December 31, 2019 and 2018, property, plant and equipment consisted of the following: December 31, December 31, 2019 2018 Machinery equipment $ 9,860,468 $ 1,880,505 Electronic equipment 245,366 167,618 Office equipment 289,473 156,996 Motor vehicles 1,057,208 1,612,293 Buildings 10,666,163 3,922,383 Computer software 108,105 92,336 Kitchen and cookware 111,010 - Construction in progress 465,217 10,238,835 Leasehold improvements 74,762 75,745 Membrane cushion 390,660 216,901 Wastewater treatment system, except for membrane cushion 3,348,847 1,289,780 Total property, plant and equipment 26,617,279 19,653,392 Less: accumulated depreciation (2,005,417 ) (900,052 ) Property, plant and equipment, net $ 24,611,862 $ 18,753,340 During the year ended December 31, 2019, the liabilities assumed in connection with purchase of property, plant and equipment totaled $2,980,582. The liabilities were included in accrued expenses and other payables in the accompanying consolidated balance sheets as of December 31, 2019. Depreciation expense for the years ended December 31, 2019, 2018 and 2017, was $1,505,747, $512,333 and $188,995, respectively. Certain property, plant and equipment have been pledged to obtain long-term loans. See Note 11 for details.

Land Use Rights, Net

Land Use Rights, Net	12 Months Ended
	Dec. 31, 2019
Land Use Rights, Net [Abstract]
LAND USE RIGHTS, NET	Note 8 – LAND USE RIGHTS, NET As of December 31, 2019 and 2018, land use rights consisted of the following: December 31, December 31, Cost $ 2,158,848 $ 2,187,229 Less: accumulated amortization (150,752 ) (108,989 ) Land use rights, net $ 2,008,096 $ 2,078,240 Amortization expense for the years ended December 31, 2019, 2018 and 2017 was $43,549, $45,994 and $44,498, respectively. The land use rights have been pledged to obtain short term loans and other guarantees. See Note 11 for details.

Long-Term Investments

Long-Term Investments	12 Months Ended
	Dec. 31, 2019
Investments in and Advances to Affiliates [Abstract]
LONG-TERM INVESTMENTS	Note 9 – LONG-TERM INVESTMENTS On August 2, 2019, the Company invested RMB 1,000,000 (approximately $144,361) in Yantai Hengqingyuan Eco-Technology Co., Ltd. ("Hengqingyuan"), an environmental technology development company that was newly established in 2019, representing a 20% equity interest in Hengqingyuan. Yantai Guotai Investment Co., Ltd., a government-controlled entity, owned the other 80% equity interest of Hengqingyuan. The investment was accounted for as an equity method in accordance with ASC 323. The Company recognized its proportionate share of Hengqingyuan's net loss in the amount of $17,023 into the consolidated statements of income and comprehensive income. On December 31, 2019, the Company invested RMB 20,000,000 (approximately $2,870,758) in Yantai Jincai Eco-Technology Co., Ltd ("Jincai"), an environmental technology development company that was newly established in 2019, representing a 40% equity interest in Jincai. Yantai Caijin Investment Holdings Co. ("Caijin"), a government-controlled entity, owned the other 60% equity interest of Jincai. The investment was accounted for as equity method in accordance with ASC 323. The tables below present the summarized financial information, as provided to the Company by the investees, for the unconsolidated entities accounted for by the equity method. December 31, Hengqingyuan Jincai Current assets $ 278,188 $ 7,176,896 Noncurrent assets 1,831,102 - Current liabilities 8 - Noncurrent liabilities 1,435,379 - Equity 673,903 7,176,896 Hengqingyuan Jincai For the For the Operating expenses $ (120,002 ) $ - Loss from operations (120,002 ) - Net loss $ (44,164 ) $ - On March 20, 2020, Jincai entered into a loan agreement with Shanghai Pudong Development Bank to borrow approximately $14,100,000 (RMB 100,000,000) due on March 19, 2023 for business purpose. The loan bears an annual interest rate of approximately 5.225% payable monthly. The loan is guaranteed by Jincai's owner, Caijin and Jinzheng. The loan is also jointly guaranteed by Yuebiao Li and his wife.

Deferred Tax Assets, Net

Deferred Tax Assets, Net	12 Months Ended
	Dec. 31, 2019
Deferred Tax Assets [Abstract]
DEFERRED TAX ASSETS, NET	Note 10 – DEFERRED TAX ASSETS, NET The components of the deferred tax assets are as follows: December 31, December 31, Deferred tax assets (liabilities), non-current Unpaid accrued expenses $ 56,262 $ 50,600 Warranty 49,594 49,090 Allowance for doubtful accounts 263,566 79,639 Others (658,109 ) 424,735 Deferred tax assets (liabilities), non-current (288,687 ) 604,064 Less: valuation allowance - - Deferred tax assets (liabilities), non-current $ (288,687 ) $ 604,064 Deferred taxation is calculated under the liability method in respect of taxation effect arising from all timing differences, which are expected with reasonable probability to realize in the foreseeable future. The Company's subsidiary registered in the PRC is subject to income taxes within the PRC at the applicable tax rate.

Loans

Loans	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
LOANS	Note 11 – LOANS Loans and related guarantees are comprised of the following: December 31, December 31, Industrial and Commercial Bank of China, Yantai Economic Development Zone Branch $ 3,014,296 $ 4,362,748 Bank of China, Yantai Bonded Port Area Branch 1,148,303 1,163,399 Huaxia Bank Co., Ltd., Yantai Xingfu Branch - 1,454,250 Agricultural Bank of China, Yantai Laishan Branch 1,291,841 - Postal Savings Bank of China, Yantai Laishan Branch 2,066,946 - Qingdao Yikou Industrial Automation Equipment Co., Ltd. 83,252 157,059 Qingdao Hongjiatai Machinery Engineering Co., Ltd. - 305,392 Yantai Guotai Investment Limited Company ("Yantai Guotai") - 727,125 Volkswagen Finance (China) Co., Ltd. - 10,455 Total short term loans 7,604,638 8,180,428 Bank of Qingdao, Yantai Branch - 3,635,623 Qingdao Metro Finance Leasing Co., Ltd. 4,306,138 3,635,623 ZGC Sci-Tech Leasing Co., Ltd 1,436,251 - Volkswagen Finance (China) Co., Ltd. - 23,638 Total loans 13,347,027 15,475,312 Less: short term loans and current portion of long term loans 11,809,449 10,867,111 Less: unamortized debt issuance costs 160,361 158,312 Long term loans - due over one year $ 1,377,217 $ 4,449,889 On November 1, 2017, the Company entered into a loan agreement with the Bank of China, Yantai Bonded Port Area Branch to borrow approximately $1,230,000 (RMB 8,000,000) due on November 1, 2018 for working capital purposes. The loan bears an annual interest rate of 5.873% payable quarterly in arrears and pledged with an apartment owned by Yue Zhang. The loan was also jointly guaranteed by Yantai Runtai Medical Co., Ltd. ("Runtai"), Yuebiao Li and his wife, Xiaojun Chen, husband of Zhuo Zhang, and Yue Zhang. The Company paid off the loan in full on October 17, 2018. On October 29, 2018 the Company entered into another loan with the same bank in the amount of approximately $ 1,148,000 (RMB 8,000,000) due on October 28, 2019 for working capital purposes. On March 20, 2019 the Company paid off the loan in full and on March 21, 2019, the Company renewed the loan agreement with the same principal amount and extended the maturity to March 20, 2020. According the new agreement, the loan bears an annual interest rate of 4.860% payable quarterly and pledged with an apartment owned by Yue Zhang. The loan was also jointly guaranteed by Yuebiao Li and his wife. On June 28, 2017, the Company entered into a loan agreement with the Huaxia Bank Co., Ltd. Yantai Xingfu Branch to borrow approximately $1,537,000 (RMB 10,000,000) at an annual interest rate of 5.655% payable monthly for the period from June 28, 2017 to June 28, 2018. The loan is guaranteed by Runtai, Yuebiao Li and his wife and Zhuo Zhang and her husband. In addition, the Company pledged certain inventories with original cost of approximately $3,111,000 (RMB 20,240,449). The Company paid off the loan in full on June 29, 2018. On July 3, 2018, the Company entered into another loan agreement with the same bank to borrow approximately $1,507,000 (RMB 10,000,000) at an annual interest rate of 5.655% payable monthly for the period from July 3, 2018 to July 3, 2019. The loan is guaranteed by Runtai. The Company paid off the loan on July 3, 2019. On August 29, 2017, the Company entered into a loan agreement with Bank of Qingdao, Yantai Branch to borrow approximately $1,537,000 (RMB 10,000,000) for working capital purposes. The loan is due on August 28, 2018 with a fixed annual interest rate of 5.655%. The loan is guaranteed by Yantai Financing Guarantee Co., Ltd., Yuebiao Li and his wife, and Zhuo Zhang. The land use rights transferred from Yantai Aotesai Energy Ltd. were pledged to obtain the guarantee provided by Yantai Financing Guarantee Co., Ltd. The Company paid off the loan in full on May 7, 2018. On May 30, 2018, the Company entered into a three-year loan agreement with Bank of Qingdao, Yantai Branch to borrow approximately $3,894,514 (RMB 25,000,000) for the construction of a plant. The loan is due on May 30, 2021 with an annual interest rate of 6.5000% payable monthly. The loan was guaranteed by Yuebiao Li and pledged by the construction in progress of the Company with original book value of approximately $6,795,983 (RMB 46,731,900). On September 28, 2017, the Company entered into a loan agreement to borrow approximately $4,610,845 (RMB 30,000,000) from Industrial and Commercial Bank of China, Yantai Economic Development Zone Branch, for the period from September 28, 2017 to September 25, 2018. The loan bears an annual interest rate of 5.003% and is pledged with a certificate of deposit in the amount of $5,100,000 using the funds from its IPO by Newater HK. The loan was repaid in full on September 30, 2018. On September 30, 2018, the Company entered into two loan agreements to borrow approximately $1,165,000 (RMB 8,000,000) and $3,204,000 (RMB 22,000,000) from the same bank, respectively. The Company paid off the loans in October 2019. On September 30, 2019 and December 9, 2019, the Company entered into two loan agreements to borrow approximately $1,824,459 (RMB13,000,000) and $1,136,846 (RMB8,000,000) from the same bank, respectively. These two loans bear annual interest rates of 4.350% and 4.785%, respectively, and are pledged with certificates of deposit in the total amount of $3,500,000 using the funds from the IPO by Newater HK. The amount of the certificates of deposit were included in restricted cash, current portion in the consolidated balance sheets. On July 16, 2018, the Company entered into a loan agreement to borrow approximately $311,154 (RMB 2,080,000) from Qingdao Yikou Industrial Automation Equipment Co., Ltd. for the period from July 16, 2018 to July 15, 2019 with an annual interest rate of 5.500%. The Company repaid approximately $144,322 (RMB 1,000,000) on November 22, 2018, and $70,867 (RMB500,000) on August 9, 2019. On July 13, 2018, the Company entered into a loan agreement to borrow approximately $1,032,374 (RMB 6,900,000) from Qingdao Hongjiatai Machinery Engineering Co., Ltd. for the period from July 13, 2018 to July 12, 2019 with an annual interest rate of 5.50%. The Company paid off this loan in full as of December 31, 2019. On December 24, 2018, the Company entered into a loan agreement to borrow approximately $725,000 (RMB 5,000,000) from Yantai Guotai for the period from December 24, 2018 to December 13, 2019 with an annual interest rate of 9.000% payable monthly. The Company paid off this loan in full as of December 2019. During the year ended December 31, 2018, the Company obtained three short-term loans from Yantai Zexin Environmental Science and Technology Co., Ltd. in the total amount of approximately $2,401,000 (RMB 16,000,000) for working capital purposed. These loans bear annual interest rates of 6.000% payable monthly. As of December 31, 2018, the Company has paid off the loans in full. On November 8, 2017, the Company entered into two loans agreements with Volkswagen Finance (China) Co., Ltd. ("Volkswagen Loans") in connection with acquisition of vehicles with net book value of $55,822 (RMB 363,200), which were pledged to secure the loans. The loans bear an effective interest rate of 9.090% per annum and are due in 24 months. The loans obtained pursuant to the agreements totaled $30,738 (RMB 200,000). For the years ended December 31, 2018 and 2017, the Company repaid in the total amount of approximately $17,835 (RMB 117,974) and $1,556 (RMB 10,131), respectively. On January 30, 2018, the Company entered into other three loans agreements with Volkswagen Finance (China) Co., Ltd. ("Volkswagen Loans II") in connection with acquisition of vehicles with net book value of approximately $82,000 (RMB 561,000). The loans bear an effective interest rate of 9.690% per annum and are due in 24 months. The loans obtained pursuant to the agreements totaled $52,161 (RMB 330,000). For the year ended December 31, 2018, the Company repaid in the total amount of approximately $28,000 (RMB 167,457). The Company paid off the Volkswagen Loans in full as of December 31, 2019. On September 16, 2019, the Company entered into a loan agreement to borrow approximately $1,292,000 (RMB 9,000,000) from Agricultural Bank of China, Yantai Laishan Branch, for the period from September 16, 2019 to August 27, 2020 with an annual interest rate of 4.785%. The loan is guaranteed by Yuebiao Li and Zhuo Zhang, and pledged by the Company's Plant 1 factory located at 1 Ruida Road, Yantai City, Shandong Province and the Company's gatehouse. On September 11, 2019, the Company entered into a loan agreement to borrow approximately $2,068,000 (RMB 14,400,000) from China Post Savings Bank, Yantai Laishan Branch, for the period from September 11, 2019 to September 10, 2020 with an annual interest rate of 4.785%. The loan is guaranteed by Yuebiao Li, and pledged by the No. 3 office building located at 1 Ruida Road, Yantai City, Shandong Province and the Company's gatehouse. On April 28, 2018, the Company obtained a loan from Qingdao Metro Leasing Co., Ltd. ("Qingdao Metro Loan I") in the amount of approximately $4,736,979 (RMB 30,000,000). The loan bears an annual interest rate of 6.00% payable quarterly and is due in 36 months. The loan is guaranteed by Yuebiao Li and his wife, Zhuo Zhang and her husband and pledged by the Company's equipment in the original cost of approximately $6,019,799 (RMB 38,124,292). In addition, the loan is also pledged by the 30% equity ownership of Jinzheng owned by Newater HK. The Company paid a security deposit of approximately $473,698 (RMB 3,000,000) and debt issuance costs of approximately $284,219 (RMB 1,800,000) in cash. On January 15, 2019, the Company obtained another two-year loan from Qingdao Metro Leasing Co., Ltd ("Qingdao Metro Loan II") in the amount of $4,440,245 (RMB30,000,000). The loan is guaranteed by Yuebiao Liand his wife, Zhuo Zhang and her husband and pledged by the Company's equipment in the original cost of approximately $5,808,000 (RMB40,460,000) and accounts receivable from a customer. In addition, the loan is also pledged by the 30% equity ownership of Jinzheng owned by Newater HK. As of December 31, 2019, current portion of Qingdao Metro Loan I and Qingdao Metro Loan II totaled $3,593,445 (RMB25,034,817) and the long term portion totaled $712,692 (RMB4,965,183). The balance was presented in the balance of the accompanying consolidated balance sheet, including $122,280 (RMB851,900) of unamortized debt issuance costs which was included in the balance of loans due over one year in the accompanying consolidated balance sheet. On March 29, 2019, the Company obtained a loan from ZGC Sci-Tech Leasing Co., Ltd. in the amount of approximately $1,936,000 (RMB 13,000,000). The loan bears an annual interest rate of 7.20% payable quarterly and is due in 36 months. The loan is pledged by the Company's wastewater treatment equipment in the original cost of approximately $2,510,000 (RMB 17,486,660) and by the accounts receivable from two wastewater treatment projects. The loan is further guaranteed by Yuebiao Li and Zhuo Zhang. As of December 31, 2019, current portion of the loan totaled $611,364 (RMB 4,259,253) and the long term portion totaled $824,886 (RMB 5,746,819). The balance was presented in the balance of the accompanying consolidated balance sheet, including $38,081 (RMB265,303) of unamortized debt issuance costs, which were included in the balance of loans due over one year in the accompanying consolidated balance sheet. As of December 31, 2019, the Company's future loan obligations according to the terms of the loan agreement are as follows: 2020 $ 11,809,449 2021 1,368,457 2022 169,122 2023 - 2024 and thereafter - Total $ 13,347,028 During the year ended December 31, 2019, the total interest cost incurred was $1,430,295, of which $1,087,051 was recognized as expense and $343,244 was capitalized in the construction of property, plant and equipment. During the years ended December 31, 2018 and 2017, the total interest cost incurred and charged to expense was $658,290 and $242,707, respectively.

Operating Lease

Operating Lease	12 Months Ended
	Dec. 31, 2019
Operating Lease [Abstract]
OPERATING LEASE	Note 12 – OPERATING LEASE The Company entered into various operating lease agreements for agencies outside Yantai City, Shangdong Province, and its old factory in Yantai City. The remaining lease term of the Company's leases ranges from approximately 4 to 36 months. The estimated effect of lease renewal and termination options, as applicable, was included in the consolidated financial statements in current period. The Components of lease expense were as follows: For the year ended December 31, 2019 Operating lease Cost: Amortization of right-of-use assets $ 41,935 Interest on lease liabilities 7,891 Total long term operating lease cost 49,826 Short term operating lease cost $ 52,632 Supplemental cash flow information related to leases was as follows: For the year ended December 31, Cash paid for amounts included in the measurement of lease liabilities: Operating cash flow from operating leases $ 75,960 Right-of-use assets obtained in exchange for new lease obligations Operating leases $ 36,773 Supplemental balance sheet information related to leases was as follows: For the year ended December 31, Operating lease right-of-use assets 141,016 Operating lease liabilities-current 56,852 Operating lease liabilities, non-current 68,420 Total operating lease liabilities 125,272 Weighted-average remaining lease term 2.81 Weighted-average discount rate 6.00 % The following table summarizes the maturity of our operating lease liabilities as of December 31, 2019: 2020 $ 62,520 2021 35,884 2022 35,884 Thereafter - Total 134,288 Less: imputed interest 9,016 Total lease liabilities $ 125,272

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	Note 13 – RELATED PARTY TRANSACTIONS The Company had transactions with the following related parties in the years ended December 31, 2019, 2018 and 2017: Name of Related Party Nature of Relationship Yuebiao Li Principal shareholder, Chairman of the Board and Chief Executive Officer ("CEO") Zhuo Zhang Principal shareholder, Director, Chief Financial Officer ("CFO") Yue Zhang Principal shareholder, Zhuo Zhang's sister Xiaojun Chen Husband of Zhuo Zhang Heilongjiang Binteer Environmental Protection Equipment Manufacturing Co., Ltd. ("Heilongjiang Binteer") Established by Yuebiao Li, in May 2014, Mr. Li transferred his 60% equity interest to his brother, Yuefeng Li. Yuefeng Li then transferred his 60% equity interest to a third party individual for zero consideration in March 2016. Daqing Wanjieyuan Water Treatment Equipment Sales Co., Ltd. ("Daqing Wanjieyuan") Controlled by Yuebiao Li, the entity was dissolved in June 2017. Mojie Technology (Beijing) Co., Ltd. ("Mojie") Established and controlled by Yuebiao Li and Zhuo Zhang. All of the equity interest was transferred to a third party in July 2015. The entity was dissolved in February 2019. Yantai Jinna Commerce Co., Ltd. ("Jinna") Significantly influenced by Yue Zhang, principal shareholder and sister of Zhuo Zhang. Jinna was dissolved during 2016. Shandong Jinmo Recycled Water Resource Co., Ltd. ("Jinmo") A subsidiary that was incorporated on March 19, 2015 and disposed on December 8, 2016 for consideration of RMB 220,000 (approximately $31,678) to Entity A. Yantai Hengqingyuan Eco- Technology Co., Ltd ("Hengqingyuan") Jinzheng holds 20% equity interest. Yantai Jincai Eco-Technology Co., Ltd ("Jincai") Jinzheng holds 40% equity interest. Entity A and its subsidiaries Entity A is 45% owned by Entity D Entity B Significantly influenced by the Company Entity C Significantly influenced by the Company Entity D and its subsidiary Significantly influenced by the Company Revenues from related parties and accounts receivable - related parties, net The Company primarily provides products such as membranes, components and wastewater filtration equipment to Heilongjiang Binteer, Hengqingyuan, Entity A and its subsidiaries, and Entity D's subsidiary. For the years ended December 31, 2019, 2018 and 2017, the Company generated total net related party revenues in the amount of $13,857,014, $21,066,741 and $9,146,994, respectively. The net accounts receivable from related parties amounted to $2,392,087 and $1,948,009 as of December 31, 2019 and 2018, respectively. Net revenues from related parties consisted of the following: For the Years Ended December 31, 2019 2018 2017 Heilongjiang Binteer $ 6,792 $ - $ - Hengqingyuan 1,921,811 - - Entity A and its subsidiaries 11,030,663 20,750,159 8,917,627 Entity B - 107,894 229,367 Entity D's subsidiary 897,748 208,688 - Net revenues from related parties $ 13,857,014 $ 21,066,741 $ 9,146,994 Accounts receivable from related parties consisted of the following: For the Years Ended 2019 2018 Entity A and its subsidiaries $ 1,460,103 $ 1,286,405 Entity B 624,312 661,604 Entity D's subsidiary 931,984 - Accounts receivable from related parties 3,016,399 1,948,009 Less: allowance for doubtful accounts (624,312 ) - Accounts receivable from related parties, net $ 2,392,087 $ 1,948,009 The movement of allowance for doubtful accounts for accounts receivable from related parties consisted of the following: For the Years Ended 2019 2018 Allowance for doubtful account, beginning balance $ - $ 135,946 Increase 624,312 - Decrease - (128,631 ) Effects of foreign exchange rate - (7,315 ) Allowance for doubtful accounts, ending balance $ 624,312 $ - Advances from customers - related parties As of December 31, 2019 and 2018, advances from customers - related parties amounted to $7,254,968 and $586,719, respectively, as follows: For the Years Ended 2019 2018 Entity A and its subsidiaries $ 72,904 $ 583,894 Heilongjiang Binteer 5,167 - Entity D's subsidiary - 2,825 Jincai 7,176,897 - Advances from customers – related parties $ 7,254,968 $ 586,719 Materials supplied by related parties, service provided by related parties and accounts payable to related parties The Company purchased membrane modules, membrane filters, and other components of water treatment equipment from Entity D's subsidiary. For the years ended December 31, 2019, 2018 and 2017, the total purchase from related parties amounted to $2,112,484, $1,592,537 and $0, respectively. The Company also subcontracted wastewater treatment service to Entity C, Entity D's subsidiaries, Entity A and its subsidiary. For the years ended December 31, 2019, 2018 and 2017, the services provided by related parties amounted to $12,240,479, $11,488,801 and $1,728,642, respectively. The balance of accounts payable to related parties was $5,225,004 and $3,389,148 as of December 31, 2019 and 2018, respectively. Materials supplied by related party consisted of the following: For the Years Ended 2019 2018 2017 Entity D's subsidiary $ 2,112,484 $ 1,592,537 $ - Total $ 2,112,484 $ 1,592,537 $ - Services provided by related parties consisted of the following: For the Years Ended 2019 2018 2017 Entity C $ 2,536,720 $ 5,279,255 $ 1,728,642 Entity A and its subsidiary 7,521,286 5,918,396 - Entity D's subsidiaries 2,182,473 291,150 - Total $ 12,240,479 $ 11,488,801 $ 1,728,642 Accounts payable - related parties consisted of the following: December 31, 2019 2018 Entity C $ 1,318,692 $ 1,985,136 Entity A and its subsidiary 2,537,333 1,197,328 Entity D's subsidiaries 1,368,979 206,684 Accounts payable – related parties $ 5,225,004 $ 3,389,148 Cost of revenues from related parties – related parties During the years ended December 31, 2019, 2018 and 2017, materials purchased from and services provided by related parties in the total amount of $1,450,627, $5,669,252 and $0, respectively, were included in cost of revenues from related parties. Cost of revenues from related parties consisted of the following: For the Years Ended 2019 2018 2017 Entity C $ - $ 4,296,375 $ - Entity D's subsidiary 1,450,627 1,372,877 - Total $ 1,450,627 $ 5,669,252 $ - Deposit - related party During the year ended December 31, 2018, the Company paid $10,180 to Entity A as security deposit for bidding projects, which was included in deposit - related party in the accompanying consolidated balance sheets. During the year ended December 31, 2019, the Company received deposit in full. As of December 31, 2019 and 2018, the balances of deposit - related party was $0 and $10,180. Due to/from related parties The balance of due to related parties represents expenses incurred by related parties in the ordinary course of business, expense related parties paid on behalf of the Company as well as the loans the Company obtained from related parties for working capital purposes. The loans owed to the related parties are interest free, unsecured and repayable on demand. For the year ended December 31, 2018, Yuebiao Li and Zhuo Zhang paid operating expenses on behalf of the Company in the amount of $9,703 and these payments were fully reimbursed. For the year ended Decmeber 31, 2019, Yuebiao Li and Zhuo Zhang borrowed traveling expenses from the Company that were fully reimbursed as of December 31, 2019. As of December 31, 2019 and 2018, the balance due to/from Yuebiao Li and Zhuo Zhang was $0.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	Note 14 – INCOME TAXES British Virgin Islands ("BVI") Under the current laws of BVI, Newater Technology is not subject to tax on income or capital gain. In addition, payments of dividends by the Company to their shareholders are not subject to withholding tax in the BVI. United States The Company's subsidiary, Newater America is incorporated in the State of Delaware and is subject to United States Federal and state income tax at a statutory rate of 21%. No provision for the U.S Federal income tax has been made as Newater America had no taxable income in this jurisdiction for the reporting periods. Hong Kong The Company's subsidiary, Newater HK, is incorporated in Hong Kong and has no operating profit or tax liabilities during the period. Newater HK is subject to tax at 8.25% on assessable profits up to $256,410 (HK$2,000,000) and 16.5% on any part of assessable profits over $256,410 for the year ended December 31, 2019 and 2018, and 16.5% of the estimated assessable profit for the years ended December 31, 2017. PRC The Company's subsidiaries, Jinzheng, Jinda, Jinzheng – Xi'an and Yantai Nuclear-Power are incorporated in the PRC and are subject to PRC Enterprise Income Tax ("EIT") on the taxable income in accordance with the relevant PRC income tax laws. On March 16, 2007, the National People's Congress enacted a new enterprise income tax law, which took effect on January 1, 2008. The law applies a uniform 25% enterprise income tax rate to both foreign invested enterprises and domestic enterprises. According to the tax law, entities that qualify as high technology enterprises ("HNTE") supported by the PRC government are allowed a 15% preferential tax rate instead of the uniform tax rate of 25%. The qualification of HNTE will be renewed after evaluation by relevant government authorities every three years. For the years ended December 31, 2019, 2018 and 2017, Jinzheng was qualified as HNTE and is entitled to the preferential tax rate of 15%. The provision for income taxes consists of the following: For the Years Ended 2019 2018 2017 Current $ 571,198 $ 1,775,477 $ 788,815 Deferred 892,547 (118,198 ) (312,997 ) Total $ 1,463,745 $ 1,657,279 $ 475,818 The reconciliations of the statutory income tax rate and the Company's effective income tax rate are as follows: For the Years Ended 2019 2018 2017 HK statutory income tax rate 8.25 % 8.25 % 16.50 % Valuation allowance recognized with respect to the loss in the HK company (8.25 )% (8.25 )% (16.50 )% PRC statutory income tax rate 25.00 % 25.00 % 25.00 % Effect of income tax exemptions and reliefs - (8.53 )% (10.00 )% Effect of additional deduction allowed for R&D expense (5.31 )% (4.39 )% (2.74 )% Effect of expenses not deductible for tax purposes 4.67 % 1.44 % 0.81 % Others (1.40 )% - 2.45 % Total 22.96 % 13.52 % 15.52 % Accounting for Uncertainty in Income Taxes The tax authority of the PRC government conducts periodic and ad hoc tax filing reviews on business enterprises operating in the PRC after those enterprises complete their relevant tax filings. Therefore, the Company's PRC entities' tax filings results are subject to change. It is therefore uncertain as to whether the PRC tax authority may take different views about the Company's PRC entities' tax filings, which may lead to additional tax liabilities. ASC 740 requires recognition and measurement of uncertain income tax positions using a "more-likely-than-not" approach. The management evaluated the Company's tax positions and concluded that no provision for uncertainty in income taxes was necessary as of December 31, 2019 and 2018.

Statutory Reserves

Statutory Reserves	12 Months Ended
	Dec. 31, 2019
Statutory Reserves [Abstract]
STATUTORY RESERVES	Note 15 – STATUTORY RESERVES According to the Company Law in the PRC, companies are required to set aside 10% of their after-tax profit to general reserves each year, based on the PRC accounting standards, until the cumulative total of such reserves reaches 50% of the registered capital. These general reserves are not distributable as cash dividends to equity owners. The Company had appropriated $2,267,219 and $1,765,711 to statutory reserves as of December 31, 2019 and 2018, respectively.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
STOCKHOLDERS' EQUITY	Note 16 – STOCKHOLDERS' EQUITY The stockholders' equity structures as of December 31, 2015 was presented after giving retroactive effect to the reorganization of the Company that was completed in the first quarter of 2016. On September 30, 2015, Newater Technology was incorporated in the British Virgin Islands. On the same day, the Company issued 10,000 common shares at $0.001 per share to its incorporator with cash proceeds of $10. On March 27, 2016, the Company issued 73,000 common shares at $0.65 per share to the incorporator with total cash proceeds of $47,450. On March 27, 2016, a total of 8,117,000 shares were issued at $0.65 per share, to six individuals and seven companies with total cash proceeds of $5,276,050 received, among which $4,418,425 was distributed to the former owners of Jinzheng to acquire 100% of its equity interest. On June 6, 2016, the Company converted loans of $3,077,000, owed to three third party individuals, to 724,000 common shares at $4.25 per shares. On the same day, the Company converted a loan of $770,000, owed to another third party individual, to 275,000 common shares at $2.80 per share. As a result, the Company had 9,199,000 common shares outstanding with par value of $0.001 per share before the initial public offering. On August 2, 2017, the Company completed its initial public offering on the NASDAQ Capital Market under the symbol of "NEWA". The Company offered 1,400,000 common shares at $5 per share. Net proceeds raised by the Company from the initial public offering amounted to $6,145,325 after deducting underwriting discounts and commissions and other offering expenses. Out of the $6.1 million net proceeds, $500,000 was deposited into an escrow account to satisfy the initial $500,000 in potential indemnification obligations arising during an escrow period of two years following the closing date of August 2, 2017 and was presented as restricted cash, in the accompanying consolidated balance sheets. On August 3, 2017, the Company sold additional 210,000 common shares at $5 per share. Net proceeds raised by the Company amounted to $966,000 after deducting underwriting discounts. As a result, the Company raised a total of $7,111,325 from issuance of common shares in the year ended December 31, 2017. As of the filing date, there was a total number of 10,809,000 shares outstanding.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	Note 17 – EARNINGS PER SHARE The following table presents a reconciliation of basic and diluted net income per share for the years ended December 31, 2019, 2018 and 2017: For the Years Ended 2019 2018 2017 Net income available to common shareholders for basic and diluted net income per common share $ 4,311,547 $ 7,211,429 $ 2,590,931 Weighted average common shares outstanding – basic 10,809,000 10,809,000 9,864,479 Effect of dilutive securities: Warrants issued to third party - - - Weighted average common shares outstanding – diluted 10,809,000 10,809,000 9,864,479 Net income per common share – basic $ 0.40 $ 0.67 $ 0.26 Net income per common share – diluted $ 0.40 $ 0.67 $ 0.26

Concentrations of Credit Risk a

Concentrations of Credit Risk and Major Customers and Suppliers	12 Months Ended
	Dec. 31, 2019
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF CREDIT RISK AND MAJOR CUSTOMERS AND SUPPLIERS	Note 18 – CONCENTRATIONS OF CREDIT RISK AND MAJOR CUSTOMERS AND SUPPLIERS Customers For the years ended December 31, 2019, 2018 and 2017, customers accounting for 10% or more of the Company's revenue were as follows: For the Years Ended Customer 2019 2018 2017 Everbright Environmental Energy (Jinan) Co., Ltd 12.81 % * % * % Entity A, a related party 28.21 % 40.25 % 35.19 % Government of Jiangshan Town, Laixi District, Qingdao City, Shandong Province, PRC ("Jiangshan Town") * % 35.87 % 31.70 % Beijing Aritime Intelligent Control Co., Ltd. ("Beijing Aritime") * % * % 13.34 % * Less than 10% Liaoning Beifang Environmental Protection Co., Ltd, Jiangshan Town, and Changchun Guangtaiyuan Environmental Protection Technology Co., Ltd accounted for 25.20% and 11.89% and 10.17% of the total current outstanding accounts receivable as of December 31, 2019, respectively. Jiangshan Town, Liaoning Beifang Environmental Protection Co., Ltd., Yantai Urban Administration Bureau and Entity A's subsidiary, a related party, accounted for 29.18%, 11.32%, 12.76% and 10.22% of the total current outstanding accounts receivable as of December 31, 2018, respectively. Suppliers For the years ended December 31, 2019, 2018 and 2017, suppliers accounting for 10% or more of the Company's purchase were as follows: For the Years Ended December 31, Supplier 2019 2018 2017 Dalian Huarui Heavy Industry Group Limited by Share Ltd. ("Dalian Huarui") * % * % 43.35 % Entity A, a related party 12.47 % 14.70 % * % Entity A, a related party, and Entity C, a related party accounted for 10.26% and 19.75% of the total accounts payable and bank acceptance notes to vendors as of December 31, 2019, respectively. Entity C, a related party, accounted for 22.71% of the total accounts payable and bank acceptance notes to vendors as of December 31, 2018.

Segmental and Revenue Analysis

Segmental and Revenue Analysis	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
SEGMENTAL AND REVENUE ANALYSIS	Note 19 – SEGMENTAL AND REVENUE ANALYSIS The Company operates in a single operating segment that includes the selling of water purifying membranes and water purification equipment (products), developing, installing and selling of water purification projects (projects) and providing water treatment service such as landfill leachate treatment and purification service (services). The net revenues consist of the following: For the Years Ended 2019 2018 2017 Products $ 2,152,846 $ 1,387,955 $ 3,771,573 Projects 16,906,709 6,223,293 4,425,596 Services 4,657,423 18,362,715 7,995,334 Net revenues 23,716,978 25,973,963 16,192,503 Products – related parties 796,121 304,938 229,367 Projects – related parties 13,060,893 20,761,803 8,917,627 Net revenues from related parties 13,857,014 21,066,741 9,146,994 Total net revenues $ 37,573,992 $ 47,040,704 $ 25,339,497 All of the Company's long-lived assets are located in the PRC.

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	Note 20 – CONTINGENCIES The Company provided two guarantees for the loans borrowed by Yantai Runtai Medical Co., Ltd. from Weihai Commercial Bank in the amount of approximately $782,607 (RMB5,000,000) and $737,800 (RMB5,000,000) for the period from June 7, 2018 and May 9, 2020 until two years after the due date of the loan, respectively. The Company provided a guarantee for a loan borrowed by Jincai from Shanghai Pudong Development Bank in the amount of approximately $14,427,932 (RMB100,000,000) for a period from March 9, 2020 until two years after the due date of the loan. In November 2017, Beijing Tiandiren Environ-Tech Company Limited brought a lawsuit against Jinzheng in Beijing Intellectual Property Court in Beijing, China, alleging that Jinzheng infringed their patent on manufacturing DTNF membranes. The plaintiff claimed total damages in the amount of $153,695 (RMB 1,000,000). The Company is vigorously defending itself against the claim and has filed an application for invalidation to the patent review committee of the State Intellectual Property Office ("SIPO"). On March 19, 2019, SIPO has declared the claimed patent to be wholly invalid. On April 29, 2019, Beijing Intellectual Property Court rejected the claim in the first instance.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	Note 21 – SUBSEQUENT EVENTS In January 2020, the Company and Caijin invested additional RMB 20,000,000 (approximately $2,873,000) and RMB30,000,000 (approximately $4,310,000) in Jincai, respectively. The equity interest of Jincai owned by the Company remained at 40% as disclosed in Note 9. On February 18, 2020, the Company entered into a loan agreement with Bank of China, Yantai Bonded Port Area Branch, to borrow approximately $1,146,000 (RMB 8,000,000). The loan bears an annual interest rate of 4.25% payable quarterly and pledged with an apartment owned by Yue Zhang. The loan is guaranteed by Yuebiao Li and his wife. On March 24, 2020, the Company entered into a loan agreement with China CITIC Bank, Laishan Branch, to borrow approximately RMB 20,000,000 (approximately $2,819,000), for the period from March 24, 2020 to March 23, 2021 with an annual interest rate of 5.000%. In addition, the loan is guaranteed by Yuebiao Li and his wife and is pledged with the Company's plant 2 located in Laishan District, Yantai City, Shandong Province with real property ownership and relevant land use right. During the subsequent period, the Company repaid a total of $2,773,160 for Qingdao Metrol Loan I and II, Qingdao Yikou Industrial Automation Technology Co., Ltd, ZGC Sci-Tech Leasing Co., Ltd and loans borrowed from Bank of China, Yantai Bonded Port Area Branch. On May 29, 2020, the Company acquired 40% of equity interest in Yantai Jinyu Eco-Technology Co., Ltd. ("Yantai Jinyu"), an environmental technology development company that was newly established in May 2020. The subscription capital for the Company is RMB 20,000,000 (approximately $2,797,951). As of the filing date, the investment has not been made. The outbreak of the COVID-19 pandemic in China starting from the ending of 2019 has posed limitations to the Company's normal operating routine. The Company followed the restrictive measures implemented in China, by suspending onsite operation until February 2020, when the Company started to gradually resume normal operation. The Company has experienced suspension of operations, interruption of supply chain and decline in demand by the Company's customers. Consequently, the COVID-19 pandemic may adversely affect the Company's business operations, financial condition and operating results in the first quarter of 2020, including but not limited to material negative impact to the Company's total revenues, slower collection of accounts receivables and significant impairment to the Company's equity investments. Due to the high uncertainty of the evolving situation, the Company has limited visibility on the full impact brought upon by the COVID-19 pandemic and the related financial impact cannot be estimated at this time.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). This basis of accounting differs in certain material respects from that used for the preparation of the books of Jinzheng and Jinda, which are prepared in accordance with the accounting principles and the relevant financial regulations applicable to enterprises with limited liabilities established in the PRC ("PRC GAAP"), the accounting standards used in the places of their domicile. The accompanying consolidated financial statements reflect necessary adjustments not recorded in the books of Jinzheng and Jinda to present them in conformity with U.S. GAAP. The accompanying consolidated financial statements consolidate the financial statements of Newater Technology, its 100% owned subsidiaries Newater HK and Newater America, Newater HK's 100% owned subsidiaries Jinzheng and Jinda, and Jinzheng's branch, 100% owned and 70% owned subsidiaries, respectively, Jinzheng – Xi'an, Jinyu, and Yantai Nuclear-Power. All significant intercompany balances and transactions have been eliminated. The results of subsidiaries acquired or disposed of during the respective periods are included in the consolidated statements of income and comprehensive income from the effective date of acquisition or up to the effective date of disposal, as appropriate.
Foreign Currency Translation	Foreign Currency Translation The accompanying consolidated financial statements are presented in United States dollar ("$"), which is the reporting currency of the Company. The functional currency of Newater Technology, Newater America and Newater HK is United States dollar. The functional currency of Jinzheng, Jinzheng – Xi'an, Jinda, Jinyu and Yantai Nuclear-Power is Renminbi ("RMB"). For the subsidiaries whose functional currencies are RMB, results of operations and cash flows are translated at average exchange rates during the period, assets and liabilities are translated at the exchange rate at the end of the period, and equity is translated at historical exchange rates. The resulting translation adjustments are included in determining other comprehensive income or loss. Transaction gains and losses are reflected in the consolidated statements of income and comprehensive income.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions of future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as operating environment changes. Significant estimates and assumptions by management include, among others, estimated life and impairment of long-lived assets, allowance for doubtful accounts, contingencies and litigation, total costs in connection with service revenues, valuation of inventories and income taxes including the valuation allowance for deferred tax assets. While the Company believes that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual results could differ from those estimates. Estimates and assumptions are periodically reviewed and the effects of revisions are reflected in the financial statements in the period they are determined to be necessary.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand and cash in time deposits, certificates of deposit and all other highly liquid instruments with original maturities of three months or less.
Restricted Cash	Restricted Cash The current portion of restricted cash includes bank deposits used to pledge bank acceptance notes, cash deposits pledged in exchange for guarantee service provided by third party and certificate of deposit pledged for bank loan obtained from a bank. The Company entered into credit agreements with commercial banks in China ("endorsing banks") which agree to provide credit within stipulated limits. Within the stipulated credit limits, the Company can issue bank acceptance notes to its suppliers as payments for purchases. In order to issue bank acceptance notes, the Company is generally required to make initial deposits to the endorsing banks in amounts of certain percentage of the face amount of the bank acceptance notes to be issued by the Company. The cash in such accounts is restricted for use over the terms of the bank acceptance notes, which are normally three to six months.
Accounts Receivable and Allowance for Bad Debts	Accounts Receivable and Allowance for Bad Debts The Company presents accounts receivables, net of allowances for doubtful accounts and returns, to ensure accounts receivable are not overstated due to failure in collection. Accounts receivable consists principally of amounts due from trade customers. Credit is extended based on an evaluation of the customer's financial condition and collateral is not generally required. Certain credit sales are made to industries that are subject to cyclical economic changes. The Company maintains allowances for doubtful accounts for estimated losses resulting from Company's failure to collect or recover from customers. Estimates are based on historical collection experience, current trends, credit policy and relationship between accounts receivable and revenues. In determining these estimates, the Company examines historical write-offs of its receivable and reviews each client's account to identify any specific customer collection issues.
Retentions Receivable	Retentions Receivable Retentions receivable represents the amount withheld by customers until the end of warranty period, usually one to two years from customer acceptance at installation. Retentions receivable which were expected to be collected within one year of $858,902 and $1,017,333 were included in the balance of accounts receivable, net as of December 31, 2019 and 2018, respectively. Retentions receivable from related parties which were expected to be collected within one year of $273,184 and $854,835 were included in the balance of accounts receivable from related parties, net as of December 31, 2019 and 2018, respectively. Retentions receivable which were expected to be collected after one year of $734,140 and $344,856 were included in the balance of retentions receivable, non-current as of December 31, 2019 and 2018, respectively.
Inventories	Inventories Inventories, consisting of raw materials, work in process and finished goods are stated at the lower of cost or net realizable value utilizing the weighted average method. Cost includes all costs of purchase, cost of conversion and other costs incurred to bring the inventories to their present location and condition. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to sell. The valuation of inventory requires the Company to estimate excess and slow moving inventories. The Company evaluates the recoverability of the inventory based on expected demand and market conditions.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses. Cost represents the purchase price of the asset and other costs incurred to bring the asset into its existing use. Maintenance, repairs and betterments, including replacement of minor items, are charged to expense; major additions to physical properties are capitalized. Gains and losses on disposal of property, plant and equipment are recognized in the statement of income and comprehensive income based on the net disposal proceeds less the carrying amount of the assets. Depreciation of property, plant and equipment is calculated based on cost, less their estimated residual value, if any, using the straight-line method over their estimated useful lives. Estimated useful lives are as follows: Machinery equipment 10 years Computer software 10 years Kitchen and cookware 5 years Electronic equipment 5 years Office equipment 5 years Motor vehicles 5-10 years Buildings 5-20 years Membrane cushion 3 years Wastewater treatment system, except for membrane cushion 10 years Leasehold improvements The lesser of remaining lease term or 5 years Construction in progress mainly represents expenditures on the Company's factory under construction. All direct costs relating to the acquisition or construction of the Company's factory including interest cost are capitalized as construction in progress. Construction in progress is not depreciated until the asset is placed in service.
Land Use Rights	Land Use Rights According to the law of China, the government owns all the land in China. Companies or individuals are authorized to possess and use the land only through land use rights granted by the Chinese government. Land use rights are being amortized using the straight-line method over the estimated useful life of 50 years.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets In accordance with ASC Topic 360, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset's estimated fair value and its book value. There were no impairment charges on long-lived assets for the years ended December 31, 2019, 2018 and 2017.
Long-term Investments	Long-term Investments The Company's long-term investments are equity method investments. In accordance with ASC 323, Investments-Equity Method and Joint Ventures, the Company applies the equity method of accounting to equity investments, over which it has significant influence but does not own a majority equity interests or otherwise control. Significant influence is generally considered to exist when the Company has an ownership interest in the voting stock of the investee between 20% and 50%. Under the equity method, the Company initially records its investment at cost and subsequently adjusts the carrying amount of the investment to recognize the Company's proportionate share of each equity investee's net income or loss into earnings after the date of investment. The Company continually reviews its investment under equity method to determine whether a decline in fair value to below the carrying value is other-than-temporary. The primary factors in its determination are the duration and severity of the decline in fair value, the financial condition, operating performance and the prospects of the equity investee, and other company specific information such as recent financing rounds. If the decline in fair value is deemed to be other-than-temporary, the carrying value of the equity investee is written down to fair value. The Company makes a qualitative assessment of whether the investments is impaired at each reporting date. No impairment was identified during the year ended December 31, 2019.
Fair Value of Financial Instruments	Fair Value of Financial Instruments For certain of the Company's financial instruments, including cash and cash equivalents, current portion of restricted cash, accounts receivable, net, notes receivables, inventories, deferred cost of revenue, advances to suppliers and other current assets, net, accounts payable and bank acceptance notes to vendors, loans due within one year, advances from customers, income tax payables, current portion of operating lease liability, current portion of deferred income, and accrued expenses and other payables, the carrying amounts approximate their fair values due to the short maturities. Transactions involving related parties cannot be presumed to be carried out on an arm's-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm's-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of amounts due from/to related parties due to their related party nature.
Lease Commitments	Lease Commitments Recent adoption of accounting pronouncement ASU 2016-02 On January 1, 2019, the Company adopted Accounting Standards Update (ASU) 2016-02, Leases (together with all amendments subsequently issued thereto, "ASC Topic 842"), using the modified retrospective method. The Company elected the transition method which allows entities to initially apply the requirements by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. As a result of electing this transition method, previously reported financial information has not been restated to reflect the application of the new standard to the comparative periods presented. The Company elected the package of practical expedients permitted under the transition guidance within ASC Topic 842, which among other things, allows the Company to carry forward certain historical conclusions reached under ASC Topic 840 regarding lease identification, classification, and the accounting treatment of initial direct costs. The Company elected not to record assets and liabilities on its consolidated balance sheet for new or existing lease arrangements with terms of 12 months or less. The Company recognizes lease expenses for such leases on a straight-line basis over the lease term. In addition, the Company elected the land easement transition practical expedient and did not reassess whether an existing or expired land easement is a lease or contains a lease if it has not historically been accounted for as a lease. The initial lease liability is equal to the future fixed minimum lease payments discounted using the Company's incremental borrowing rate, on a secured basis. The lease term includes option renewal periods and early termination payments when it is reasonably certain that the Company will exercise those rights. The initial measurement of the right-of-use asset is equal to the initial lease liability plus any initial direct costs and prepayments, less any lease incentives. The primary impact of applying ASC Topic 842 is the initial recognition of $156,301 lease liabilities and $146,134 right-of-use assets on the Company's consolidated balance sheet as of January 1, 2019, for leases classified as operating leases under ASC Topic 840, as well as enhanced disclosure of the Company's leasing arrangements. There is no cumulative effect to retained earnings or other components of equity recognized as of January 1, 2019 and the adoption of this standard did not impact the consolidated statement of income and comprehensive income or consolidated statement of cash flows of the Company. The Company does not have finance lease arrangements as of December 31, 2019. See Note 12 for further discussion. Payments made under operating leases are charged to the consolidated statements of income and comprehensive income on a straight-line basis over the lease period.
Earnings per Share	Earnings per Share Basic earnings per common share is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the year. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the sum of the weighted average number of common stock outstanding and dilutive potential common stock during the year. Potentially dilutive common shares consist of common stock warrants using the treasury stock method. Common equivalent shares are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive.
Revenue Recognition	Revenue Recognition The Company derives its revenues from: (1) sale of products such as membrane filtration equipment and related hardware, and integrated wastewater treatment systems ("product revenues"); (2) sale of engineered wastewater treatment system projects ("project revenues"); and (3) providing wastewater treatment services for landfill leachate, industrial park common effluent treatment plants, etc. ("service revenues"). Products Revenue Products Revenue is derived from contracts with customers, which primarily include the sale of membrane filtration systems and parts. The Company's sales arrangements do not contain variable consideration. The Company recognizes revenue at a point in time based on management's evaluation of when performance obligations under the terms of a contract with the customer are satisfied and control of the products has been transferred to the customer. For vast majority of the Company's product sales, the performance obligations and control of the products transfer to the customer when products are delivered and customer acceptance is made. Project Revenue The general contract terms of wastewater treatment system projects include project management, timeframe of the project, payment terms, rights and obligations of parties, acceptance criteria, and liability for breach of contract. The Company considers these promised goods and services as one performance obligation since its customer cannot benefit from a separate promised goods or service until combining them as a bundle of goods and series that is distinct. Revenue is recognized when performance obligation under the terms of a contract with the customer are satisfied and control of the products has been transferred to the customer, which normally occurs when customer-issued formal acceptance was obtained or (ii) the Company has demonstrated the equipment meets the agreed-upon criteria per the contract when formal acceptance is not available. The Company usually provides free after-sales service under project revenue, which includes warranty, technical support and training, for a period ranging from one to two years based on each contract. The warranty doesn't constitute a separate performance obligation since it is standard warranty to assure the project will function as expected. The actual after-sales expense was $467,056, $275,520 and $122,737 for the years ended December 31, 2019, 2018 and 2017, respectively. Service Revenue Service revenue is derived from the contracts with customers where the Company acts as a solution provider and treats wastewater for customers. The general contract terms of wastewater treatment service include operation management, timeframe of the service, pricing and payment terms, rights and obligations of parties, performance test criteria, and liability for breach of contract. The terms of pricing and payment stipulated in the contract are fixed. The Company recognizes service revenue as the performance obligations are satisfied over time, specifically, based on the volume of wastewater treated. Revenue consists of the invoiced value for the sales net of value-added tax ("VAT"), business tax, applicable local government levies, rebates, discounts and returns. The Company chooses its customers with scrutiny and keeps record of collection of receivables. Receivables from customers with solid credit records and history are considered probable to be collected. There were no sales returns and allowances for the years ended December 31, 2019, 2018 and 2017. The Company does not provide unconditional right of return, pricing protection or any other concessions to its customers. In accordance with ASC 606, the Company disaggregates revenue from contracts with customers by revenue stream. The Company determined that disaggregating revenue into these categories meets the disclosure objective in ASC 606 which is to depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by regional economic factors. Refer to Note 19 for information regarding revenue disaggregation by revenue stream. Contract liabilities are recorded when consideration is received from a customer prior to transferring the goods to the customer or other conditions under the terms of a sales contract. As of December 31, 2019 and 2018, the Company recorded contract liabilities of $5,522,913 and $2,953,595, respectively, which was presented as "Advances from customers" in the accompanying consolidated balance sheets. As of December 31, 2019 and 2018, the Company recorded contract liabilities of $7,254,968 and $586,719, respectively, which was presented as "Advances from customers – related parties" in the accompanying consolidated balance sheets. During the years ended December 31, 2019 and 2018, the Company recognized $1,464,271 and $246,146, respectively, of contract liabilities included in the opening balances of advance from customers. During the years ended December 31, 2019 and 2018, the Company recognized $525,934 and $707,056, respectively, of contract liabilities included in the opening balances of advance from customers – related parties. The amount was included in net revenues in the accompanying consolidated statements of income and comprehensive income. During the years ended December 31, 2019 and 2018, the Company recognized $215,307 and $0, respectively, of contract liabilities included in the opening balances of advance from customers. The amount was included in other income in the accompanying consolidated statements of income and comprehensive income.
Cost of Revenue and Deferred Cost of Revenue	Cost of Revenue and Deferred Cost of Revenue The Company's cost of revenues primarily consists of (i) materials and equipment costs, (ii) compensation and related overhead expenses for personnel involved in the customization of its products, delivery, installation and maintenance and services ("compensation and overhead costs"), (iii) contractor costs, and (iii) depreciation of equipment used in operations. For products revenue and projects revenue, all costs associated with the sales are expensed when revenues are recognized. For service revenue, when revenue is recognized over time in accordance with the Company's revenue recognition policies, total costs are deferred and amortized over the same period that associated service revenue is recognized. The costs incurred but not expensed yet are recognized as "Deferred cost of revenue" in the accompanying consolidated balance sheets. As of December 31, 2019 and 2018, deferred cost of revenue totaled $221,737 and $343,090, respectively.
Government Grants	Government Grants Government grants include cash subsidies received from the PRC government. Such subsidies are issued by the local government to encourage innovation, technology development, research and development. The government grant is recognized in the consolidated statements of income and comprehensive income when cash is received and the relevant performance criteria specified are met. In the years ended December 31, 2019, 2018 and 2017, the Company received government grants of approximately $1,033,030, $628,000, and $487,000, and recognized approximately $946,164, $628,000, and $514,000 (including $ 27,000 granted in 2015 and received in 2017), in the consolidated statements of income and comprehensive income, respectively.
Research and Development	Research and Development Research and development costs are expensed as incurred. The costs primarily consist of raw materials purchased and consumed in experiments, product testing and other research and development activities and salaries and fees paid for the development and improvement of the Company's products and systems. Research and development costs for the years ended December 31, 2019, 2018 and 2017 were $1,826,346, $2,654,513 and $1,355,648, respectively.
Selling Expenses	Selling Expenses Selling expenses consist primarily of advertising, salaries, travelling and shipping and handling costs incurred during the selling activities. Advertising and transportation expenses are charged to expense as incurred. Advertising costs in the amounts of $57,245, $6,376, and $1,519 for the years ended December 31, 2019, 2018 and 2017, respectively, are included in selling expenses. Shipping and handling costs amounting to $87,082, $35,326, and $14,178 for the years ended December 31, 2019, 2018 and 2017, respectively, are included in selling expenses.
Income Taxes	Income Taxes The Company accounts for income taxes under the provision of FASB ASC 740-10, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.
Comprehensive Income/Loss	Comprehensive Income/Loss ASC 220 "Comprehensive Income" established standards for reporting and display of comprehensive income/loss, its components and accumulated balances. Components of comprehensive income/loss include net income/loss and foreign currency translation adjustments. As of December 31, 2019 and 2018, the only component of accumulated other comprehensive income/loss was foreign currency translation adjustments.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments the Company holds that are subject to concentrations of credit risk are cash, restricted cash, notes receivables and accounts receivable arising from its normal business activities. The Company places its cash and restricted cash in what it believes to be credit-worthy financial institutions. The Company routinely assesses the credit status of its customers and, based upon factors surrounding the credit risks, establishes an allowance, if required, for uncollectible accounts. The company believes its notes receivable and accounts receivable credit risk exposure beyond such allowance is limited.
Related Parties Transactions	Related Parties Transactions A related party is generally defined as (i) any person that holds 10% or more of the Company's securities and their immediate families, (ii) the Company's management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered as a related party transaction when there is a transfer of resources or obligations between related parties. Related parties may be individuals or corporate entities.
Segment Reporting	Segment Reporting The Company uses the "management approach" in determining reportable segments. The management approach considers the internal organization and reporting used by the Company's chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company's reportable segments. The Company's chief operating decision maker has been identified as the chief executive officer of the Company who reviews financial information of operating segments based on U.S. GAAP. The chief operating decision maker now reviews analysis reports on a customer-by-customer basis. This analysis is only presented at the revenue level with no allocation of direct or indirect costs. Consequently, the Company has determined that it has only one reportable segment.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, "Financial Instruments—Credit Losses". The standard, including subsequently issued amendments (ASU 2018-19, ASU 2019-04, ASU 2019-05, ASU 2019-10 and ASU 2019-11), requires a financial asset measured at amortized cost basis, such as accounts receivable and certain other financial assets, to be presented at the net amount expected to be collected based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. This ASU is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, and requires the modified retrospective approach. Early adoption is permitted. The Company is evaluating the impact of this guidance on its consolidated financial statements. In December 2019, the FASB issued ASU 2019-12 - Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU provides an exception to the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. This update also (1) requires an entity to recognize a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, (2) requires an entity to evaluate when a step-up in the tax basis of goodwill should be considered part of the business combination in which goodwill was originally recognized for accounting purposes and when it should be considered a separate transaction, and (3) requires that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The standard is effective for the Company for fiscal years beginning after December 15, 2020, with early adoption permitted. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements. In February 2020, the FASB issued ASU 2020-02, "Financial Instruments – Credit Losses (Topic 326) and Leases (topic 842) Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 119 and Update to SEC Section on Effective Date Related to Accounting Standards Update No. 2016-02, Leases (topic 842)". This ASU provides guidance regarding methodologies, documentation, and internal controls related to expected credit losses. This ASU is effective for interim and annual periods beginning after December 15, 2019, and early adoption is permitted. The Company is evaluating the impact of this guidance on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, " Fair Value Measurement (Topic 820), – Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of depreciation of property, plant and equipment	Machinery equipment 10 years Computer software 10 years Kitchen and cookware 5 years Electronic equipment 5 years Office equipment 5 years Motor vehicles 5-10 years Buildings 5-20 years Membrane cushion 3 years Wastewater treatment system, except for membrane cushion 10 years Leasehold improvements The lesser of remaining lease term or 5 years

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Schedule of net book value of accounts receivable	December 31, December 31, Accounts receivable $ 11,895,600 $ 10,535,495 Less: Allowance for doubtful accounts (601,975 ) (470,648 ) Accounts receivable, net $ 11,293,625 $ 10,064,847
Schedule movement of allowance for doubtful accounts	December 31, December 31, Allowance for doubtful accounts, beginning balance $ 470,648 $ 140,282 Increase 137,435 337,913 Decrease - - Effects of foreign exchange rate ( 6,108 ) (7,547 ) Allowance for doubtful accounts, ending balance $ 601,975 $ 470,648

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2019
Inventory Disclosure [Abstract]
Schedule of inventories	December 31, December 31, Raw materials $ 4,828,273 $ 5,029,535 Work in process 8,742,220 8,586,643 Finished goods 144,876 146,781 13,715,369 13,762,959 Less: write-down of inventories - - Inventories $ 13,715,369 $ 13,762,959

Advances to Suppliers and Oth_2

Advances to Suppliers and Other Current Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2019
Advances to Suppliers and Other Current Assets, Net [Abstract]
Schedule of advances to suppliers and other current assets	December 31, December 31, 2019 2018 VAT-input $ 69,388 $ 447,766 Deposits 294,242 1,232,632 Prepaid expense 1,017,531 368,586 Others 72,450 592,898 Total other current assets 1,453,611 2,641,882 Advances to suppliers 3,776,962 2,322,685 Total 5,230,573 4,964,567 Less: allowance for doubtful accounts (530,818 ) (60,277 ) Advances to suppliers and other current assets, net $ 4,699,755 $ 4,904,290

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	December 31, December 31, 2019 2018 Machinery equipment $ 9,860,468 $ 1,880,505 Electronic equipment 245,366 167,618 Office equipment 289,473 156,996 Motor vehicles 1,057,208 1,612,293 Buildings 10,666,163 3,922,383 Computer software 108,105 92,336 Kitchen and cookware 111,010 - Construction in progress 465,217 10,238,835 Leasehold improvements 74,762 75,745 Membrane cushion 390,660 216,901 Wastewater treatment system, except for membrane cushion 3,348,847 1,289,780 Total property, plant and equipment 26,617,279 19,653,392 Less: accumulated depreciation (2,005,417 ) (900,052 ) Property, plant and equipment, net $ 24,611,862 $ 18,753,340

Land Use Rights, Net (Tables)

Land Use Rights, Net (Tables)	12 Months Ended
	Dec. 31, 2019
Land Use Rights, Net [Abstract]
Schedule of land use rights	December 31, December 31, Cost $ 2,158,848 $ 2,187,229 Less: accumulated amortization (150,752 ) (108,989 ) Land use rights, net $ 2,008,096 $ 2,078,240

Long-Term Investments (Tables)

Long-Term Investments (Tables)	12 Months Ended
	Dec. 31, 2019
Investments in and Advances to Affiliates [Abstract]
Schedule of financial information, as provided to the Company by the investees	December 31, Hengqingyuan Jincai Current assets $ 278,188 $ 7,176,896 Noncurrent assets 1,831,102 - Current liabilities 8 - Noncurrent liabilities 1,435,379 - Equity 673,903 7,176,896 Hengqingyuan Jincai For the For the Operating expenses $ (120,002 ) $ - Loss from operations (120,002 ) - Net loss $ (44,164 ) $ -

Deferred Tax Assets, Net (Table

Deferred Tax Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2019
Deferred Tax Assets [Abstract]
Schedule of the deferred tax assets, net	December 31, December 31, Deferred tax assets (liabilities), non-current Unpaid accrued expenses $ 56,262 $ 50,600 Warranty 49,594 49,090 Allowance for doubtful accounts 263,566 79,639 Others (658,109 ) 424,735 Deferred tax assets (liabilities), non-current (288,687 ) 604,064 Less: valuation allowance - - Deferred tax assets (liabilities), non-current $ (288,687 ) $ 604,064

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Summary of loans	December 31, December 31, Industrial and Commercial Bank of China, Yantai Economic Development Zone Branch $ 3,014,296 $ 4,362,748 Bank of China, Yantai Bonded Port Area Branch 1,148,303 1,163,399 Huaxia Bank Co., Ltd., Yantai Xingfu Branch - 1,454,250 Agricultural Bank of China, Yantai Laishan Branch 1,291,841 - Postal Savings Bank of China, Yantai Laishan Branch 2,066,946 - Qingdao Yikou Industrial Automation Equipment Co., Ltd. 83,252 157,059 Qingdao Hongjiatai Machinery Engineering Co., Ltd. - 305,392 Yantai Guotai Investment Limited Company ("Yantai Guotai") - 727,125 Volkswagen Finance (China) Co., Ltd. - 10,455 Total short term loans 7,604,638 8,180,428 Bank of Qingdao, Yantai Branch - 3,635,623 Qingdao Metro Finance Leasing Co., Ltd. 4,306,138 3,635,623 ZGC Sci-Tech Leasing Co., Ltd 1,436,251 - Volkswagen Finance (China) Co., Ltd. - 23,638 Total loans 13,347,027 15,475,312 Less: short term loans and current portion of long term loans 11,809,449 10,867,111 Less: unamortized debt issuance costs 160,361 158,312 Long term loans - due over one year $ 1,377,217 $ 4,449,889
Schedule of future loan obligations	2020 $ 11,809,449 2021 1,368,457 2022 169,122 2023 - 2024 and thereafter - Total $ 13,347,028

Operating Lease (Tables)

Operating Lease (Tables)	12 Months Ended
	Dec. 31, 2019
Operating Lease [Abstract]
Schedule of components of lease expense	For the year ended December 31, 2019 Operating lease Cost: Amortization of right-of-use assets $ 41,935 Interest on lease liabilities 7,891 Total long term operating lease cost 49,826 Short term operating lease cost $ 52,632
Schedule of supplemental cash flow information	For the year ended December 31, Cash paid for amounts included in the measurement of lease liabilities: Operating cash flow from operating leases $ 75,960 Right-of-use assets obtained in exchange for new lease obligations Operating leases $ 36,773
Schedule of supplemental balance sheet information related to leases	For the year ended December 31, Operating lease right-of-use assets 141,016 Operating lease liabilities-current 56,852 Operating lease liabilities, non-current 68,420 Total operating lease liabilities 125,272 Weighted-average remaining lease term 2.81 Weighted-average discount rate 6.00 %
Schedule of maturity of operating lease liabilities	2020 $ 62,520 2021 35,884 2022 35,884 Thereafter - Total 134,288 Less: imputed interest 9,016 Total lease liabilities $ 125,272

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Schedule of related parties	Name of Related Party Nature of Relationship Yuebiao Li Principal shareholder, Chairman of the Board and Chief Executive Officer ("CEO") Zhuo Zhang Principal shareholder, Director, Chief Financial Officer ("CFO") Yue Zhang Principal shareholder, Zhuo Zhang's sister Xiaojun Chen Husband of Zhuo Zhang Heilongjiang Binteer Environmental Protection Equipment Manufacturing Co., Ltd. ("Heilongjiang Binteer") Established by Yuebiao Li, in May 2014, Mr. Li transferred his 60% equity interest to his brother, Yuefeng Li. Yuefeng Li then transferred his 60% equity interest to a third party individual for zero consideration in March 2016. Daqing Wanjieyuan Water Treatment Equipment Sales Co., Ltd. ("Daqing Wanjieyuan") Controlled by Yuebiao Li, the entity was dissolved in June 2017. Mojie Technology (Beijing) Co., Ltd. ("Mojie") Established and controlled by Yuebiao Li and Zhuo Zhang. All of the equity interest was transferred to a third party in July 2015. The entity was dissolved in February 2019. Yantai Jinna Commerce Co., Ltd. ("Jinna") Significantly influenced by Yue Zhang, principal shareholder and sister of Zhuo Zhang. Jinna was dissolved during 2016. Shandong Jinmo Recycled Water Resource Co., Ltd. ("Jinmo") A subsidiary that was incorporated on March 19, 2015 and disposed on December 8, 2016 for consideration of RMB 220,000 (approximately $31,678) to Entity A. Yantai Hengqingyuan Eco- Technology Co., Ltd ("Hengqingyuan") Jinzheng holds 20% equity interest. Yantai Jincai Eco-Technology Co., Ltd ("Jincai") Jinzheng holds 40% equity interest. Entity A and its subsidiaries Entity A is 45% owned by Entity D Entity B Significantly influenced by the Company Entity C Significantly influenced by the Company Entity D and its subsidiary Significantly influenced by the Company
Schedule of net revenues from related parties	For the Years Ended December 31, 2019 2018 2017 Heilongjiang Binteer $ 6,792 $ - $ - Hengqingyuan 1,921,811 - - Entity A and its subsidiaries 11,030,663 20,750,159 8,917,627 Entity B - 107,894 229,367 Entity D's subsidiary 897,748 208,688 - Net revenues from related parties $ 13,857,014 $ 21,066,741 $ 9,146,994
Schedule of accounts receivable from related parties	For the Years Ended 2019 2018 Entity A and its subsidiaries $ 1,460,103 $ 1,286,405 Entity B 624,312 661,604 Entity D’s subsidiary 931,984 - Accounts receivable from related parties 3,016,399 1,948,009 Less: allowance for doubtful accounts (624,312 ) - Accounts receivable from related parties, net $ 2,392,087 $ 1,948,009
Schedule of allowance for doubtful accounts for accounts receivable from related parties	For the Years Ended 2019 2018 Allowance for doubtful account, beginning balance $ - $ 135,946 Increase 624,312 - Decrease - (128,631 ) Effects of foreign exchange rate - (7,315 ) Allowance for doubtful accounts, ending balance $ 624,312 $ -
Schedule of advances from customers - related parties	For the Years Ended 2019 2018 Entity A and its subsidiaries $ 72,904 $ 583,894 Heilongjiang Binteer 5,167 - Entity D's subsidiary - 2,825 Jincai 7,176,897 - Advances from customers – related parties $ 7,254,968 $ 586,719
Schedule of materials supplied by related parties	For the Years Ended 2019 2018 2017 Entity D's subsidiary $ 2,112,484 $ 1,592,537 $ - Total $ 2,112,484 $ 1,592,537 $ -
Scheldule of services provided by related parties	For the Years Ended 2019 2018 2017 Entity C $ 2,536,720 $ 5,279,255 $ 1,728,642 Entity A and its subsidiary 7,521,286 5,918,396 - Entity D's subsidiaries 2,182,473 291,150 - Total $ 12,240,479 $ 11,488,801 $ 1,728,642
Schedule of accounts payable - related parties	December 31, 2019 2018 Entity C $ 1,318,692 $ 1,985,136 Entity A and its subsidiary 2,537,333 1,197,328 Entity D's subsidiaries 1,368,979 206,684 Accounts payable – related parties $ 5,225,004 $ 3,389,148
Schedule of cost of revenues from related parties	For the Years Ended 2019 2018 2017 Entity C $ - $ 4,296,375 $ - Entity D's subsidiary 1,450,627 1,372,877 - Total $ 1,450,627 $ 5,669,252 $ -

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes	For the Years Ended 2019 2018 2017 Current $ 571,198 $ 1,775,477 $ 788,815 Deferred 892,547 (118,198 ) (312,997 ) Total $ 1,463,745 $ 1,657,279 $ 475,818
Schedule of reconciliations statutory income tax rate	For the Years Ended 2019 2018 2017 HK statutory income tax rate 8.25 % 8.25 % 16.50 % Valuation allowance recognized with respect to the loss in the HK company (8.25 )% (8.25 )% (16.50 )% PRC statutory income tax rate 25.00 % 25.00 % 25.00 % Effect of income tax exemptions and reliefs - (8.53 )% (10.00 )% Effect of additional deduction allowed for R&D expense (5.31 )% (4.39 )% (2.74 )% Effect of expenses not deductible for tax purposes 4.67 % 1.44 % 0.81 % Others (1.40 )% - 2.45 % Total 22.96 % 13.52 % 15.52 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of reconciliation of basic and diluted net income per share	For the Years Ended 2019 2018 2017 Net income available to common shareholders for basic and diluted net income per common share $ 4,311,547 $ 7,211,429 $ 2,590,931 Weighted average common shares outstanding – basic 10,809,000 10,809,000 9,864,479 Effect of dilutive securities: Warrants issued to third party - - - Weighted average common shares outstanding – diluted 10,809,000 10,809,000 9,864,479 Net income per common share – basic $ 0.40 $ 0.67 $ 0.26 Net income per common share – diluted $ 0.40 $ 0.67 $ 0.26

Concentrations of Credit Risk_2

Concentrations of Credit Risk and Major Customers and Suppliers (Tables)	12 Months Ended
	Dec. 31, 2019
Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Schedules of concentrations of credit risk	For the Years Ended Customer 2019 2018 2017 Everbright Environmental Energy (Jinan) Co., Ltd 12.81 % * % * % Entity A, a related party 28.21 % 40.25 % 35.19 % Government of Jiangshan Town, Laixi District, Qingdao City, Shandong Province, PRC ("Jiangshan Town") * % 35.87 % 31.70 % Beijing Aritime Intelligent Control Co., Ltd. ("Beijing Aritime") * % * % 13.34 % * Less than 10%
Supplier Concentration Risk [Member]
Concentration Risk [Line Items]
Schedules of concentrations of credit risk	For the Years Ended December 31, Supplier 2019 2018 2017 Dalian Huarui Heavy Industry Group Limited by Share Ltd. ("Dalian Huarui") * % * % 43.35 % Entity A, a related party 12.47 % 14.70 % * %

Segmental and Revenue Analysis

Segmental and Revenue Analysis (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Schedule of segmental and revenue analysis	For the Years Ended 2019 2018 2017 Products $ 2,152,846 $ 1,387,955 $ 3,771,573 Projects 16,906,709 6,223,293 4,425,596 Services 4,657,423 18,362,715 7,995,334 Net revenues 23,716,978 25,973,963 16,192,503 Products – related parties 796,121 304,938 229,367 Projects – related parties 13,060,893 20,761,803 8,917,627 Net revenues from related parties 13,857,014 21,066,741 9,146,994 Total net revenues $ 37,573,992 $ 47,040,704 $ 25,339,497

Organization (Details)

Organization (Details) - USD ($)	Jun. 11, 2018	Jul. 05, 2019	Feb. 05, 2016	Jan. 25, 2016
Yantai nuclear power R & D Center Water Treatment Research Institute Co., Ltd [Member]
Organization (Textual)
Equity interest percentage	70.00%	70.00%
Business combination, consideration transferred	$ 300,000
Yantai nuclear power R & D Center Water Treatment Research Institute Co., Ltd [Member] | RMB [Member]
Organization (Textual)
Business combination, consideration transferred	$ 2,000,000
Yantai Jinzheng Eco-Technology Co., Ltd. [Member]
Organization (Textual)
Equity interest percentage			100.00%	100.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2019
Computer software [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	10 years
Electronic equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	5 years
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	5 years
Buildings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	5 years
Buildings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	20 years
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life, description	The lesser of remaining lease term or 5 years
Membrane cushion [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	3 years
Wastewater treatment system, except for membrane cushion [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	10 years
Machinery equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	10 years
Motor vehicles [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	5 years
Motor vehicles [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	10 years
Kitchen and cookware [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, useful life	5 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Land use rights estimated useful life	50 years
Government grants received, description	In the years ended December 31, 2019, 2018 and 2017, the Company received government grants of approximately $1,033,030, $628,000, and $487,000, and recognized approximately $946,164, $628,000, and $514,000 (including $ 27,000 granted in 2015 and received in 2017), in the consolidated statements of income and comprehensive income, respectively.
Other comprehensive income	$ 215,307	$ 0
Subsidiary description	(i) any person that holds 10% or more of the Company's securities and their immediate families, (ii) the Company's management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company.
Research and development	$ 1,826,346	2,654,513	$ 1,355,648
Advertising costs	57,245	6,376	1,519
Shipping and handling costs	$ 87,082	35,326	14,178
Retentions receivable, description	The amount withheld by customers until the end of warranty period, usually one to two years from customer acceptance at installation. Retentions receivable which were expected to be collected within one year of $858,902 and $1,017,333 were included in the balance of accounts receivable, net as of December 31, 2019 and 2018, respectively. Retentions receivable from related parties which were expected to be collected within one year of $273,184 and $854,835 were included in the balance of accounts receivable from related parties, net as of December 31, 2019 and 2018, respectively. Retentions receivable which were expected to be collected after one year of $734,140 and $344,856 were included in the balance of retentions receivable, non-current as of December 31, 2019 and 2018, respectively.
Contract liabilities, description	Contract liabilities are recorded when consideration is received from a customer prior to transferring the goods to the customer or other conditions under the terms of a sales contract. As of December 31, 2019 and 2018, the Company recorded contract liabilities of $5,522,913 and $2,953,595, respectively, which was presented as "Advances from customers" in the accompanying consolidated balance sheets. As of December 31, 2019 and 2018, the Company recorded contract liabilities of $7,254,968 and $586,719, respectively, which was presented as "Advances from customers – related parties" in the accompanying consolidated balance sheets. During the years ended December 31, 2019 and 2018, the Company recognized $1,464,271 and $246,146, respectively, of contract liabilities included in the opening balances of advance from customers. During the years ended December 31, 2019 and 2018, the Company recognized $525,934 and $707,056, respectively, of contract liabilities included in the opening balances of advance from customers – related parties. The amount was included in net revenues in the accompanying consolidated statements of income and comprehensive income. During the years ended December 31, 2019 and 2018, the Company recognized $215,307 and $0, respectively, of contract liabilities included in the opening balances of advance from customers.
Actual after-sales expense	$ 467,056	275,520	$ 122,737
Lease liabilities		156,301
Right of use assets		146,134
Deferred cost of revenue	$ 221,737	$ 343,090
Summary of significant accounting policies, description	The accompanying consolidated financial statements consolidate the financial statements of Newater Technology, its 100% owned subsidiaries Newater HK and Newater America, Newater HK's 100% owned subsidiaries Jinzheng and Jinda, and Jinzheng's branch, 100% owned and 70% owned subsidiaries, respectively, Jinzheng – Xi'an, Jinyu, and Yantai Nuclear-Power. All significant intercompany balances and transactions have been eliminated.
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Ownership percentage	20.00%	50.00%

Restricted Cash (Details)

Restricted Cash (Details)	Dec. 31, 2019USD ($)	Dec. 31, 2019CNY (¥)	Dec. 31, 2018USD ($)
Restricted Cash (Textual)
Restricted cash, current portion	$ 4,021,177		$ 6,033,482
Short term loan	11,809,449		$ 10,867,111
Initial public offering, and certificate of deposits	3,500,000
Cash deposits	33,148
Industrial and Commercial Bank of China [Member]
Restricted Cash (Textual)
Short term loan	2,961,307
Industrial and Commercial Bank of China [Member] | RMB [Member]
Restricted Cash (Textual)
Short term loan | ¥		¥ 21,000,000
Suppliers [Member]
Restricted Cash (Textual)
Restricted cash, current portion	$ 488,029

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Receivables [Abstract]
Accounts receivable	$ 11,895,600	$ 10,535,495
Less: Allowance for doubtful accounts	(601,975)	(470,648)
Accounts receivable, net	$ 11,293,625	$ 10,064,847

Accounts Receivable, Net (Det_2

Accounts Receivable, Net (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for doubtful accounts, beginning balance	$ 470,648
Allowance for doubtful accounts, ending balance	601,975	$ 470,648
Accounts Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for doubtful accounts, beginning balance	470,648	140,282
Increase	137,435	337,913
Decrease
Effects of foreign exchange rate	(6,108)	(7,547)
Allowance for doubtful accounts, ending balance	$ 601,975	$ 470,648

Inventories (Details)

Inventories (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 4,828,273	$ 5,029,535
Work in process	8,742,220	8,586,643
Finished goods	144,876	146,781
Inventories, gross	13,715,369	13,762,959
Less: write-down of inventories
Inventories	$ 13,715,369	$ 13,762,959

Inventories (Details Textual)

Inventories (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Inventories (Textual)
Inventories transferred into properties and equipment	$ 2,791,339	$ 1,566,314

Advances to Suppliers and Oth_3

Advances to Suppliers and Other Current Assets, Net (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Other current assets
VAT-input	$ 69,388	$ 447,766
Deposits	294,242	1,232,632
Prepaid expense	1,017,531	368,586
Others	72,450	592,898
Total other current assets	1,453,611	2,641,882
Advances to suppliers	3,776,962	2,322,685
Total	5,230,573	4,964,567
Less: allowance for doubtful accounts	(530,818)	(60,277)
Advances to suppliers and other current assets, net	$ 4,699,755	$ 4,904,290

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 26,617,279	$ 19,653,392
Less: accumulated depreciation	(2,005,417)	(900,052)
Property, plant and equipment, net	24,611,862	18,753,340
Machinery equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	9,860,468	1,880,505
Electronic equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	245,366	167,618
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	289,473	156,996
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	1,057,208	1,612,293
Buildings [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	10,666,163	3,922,383
Computer software [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	108,105	92,336
Kitchen and cookware [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	111,010
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	465,217	10,238,835
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	74,762	75,745
Membrane cushion [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	390,660	216,901
Wastewater treatment system, except for membrane cushion [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 3,348,847	$ 1,289,780

Property, Plant and Equipment_4

Property, Plant and Equipment, Net (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Property and Equipment Net (Textual)
Depreciation expense	$ 1,505,747	$ 512,333	$ 188,995
Liabilities assumed in connection with purchase of property, plant and equipment	$ 2,980,582	$ 2,636,770	$ 7,445,478

Land Use Rights, Net (Details)

Land Use Rights, Net (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Land Use Rights, Net [Abstract]
Cost	$ 2,158,848	$ 2,187,229
Less: accumulated amortization	(150,752)	(108,989)
Land use rights, net	$ 2,008,096	$ 2,078,240

Land Use Rights, Net (Details T

Land Use Rights, Net (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Land Use Rights, Net (Textual)
Amortization expense	$ 43,549	$ 45,994	$ 44,498

Long-Term Investments (Details)

Long-Term Investments (Details) - USD ($)	5 Months Ended	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Current assets	$ 46,649,020	$ 46,649,020	$ 39,535,357
Current liabilities	45,305,700	45,305,700	30,258,610
Noncurrent liabilities	1,777,385	1,777,385	4,449,889
Equity	30,977,111	30,977,111	27,043,633	$ 20,991,288	$ 10,753,222
Operating expenses		10,148,039	12,025,924	5,452,349
Loss from operations		5,741,328	8,871,456	2,687,282
Net loss		4,311,547	$ 7,211,429	$ 2,590,931
Hengqingyuan [Member]
Current assets	278,188	278,188
Noncurrent assets	1,831,102	1,831,102
Current liabilities	8	8
Noncurrent liabilities	1,435,379	1,435,379
Equity	673,903	673,903
Operating expenses	(120,002)
Loss from operations	(120,002)
Net loss	(44,164)
Jincai [Member]
Current assets	7,176,896	7,176,896
Noncurrent assets
Current liabilities
Noncurrent liabilities
Equity	$ 7,176,896	7,176,896
Operating expenses
Loss from operations
Net loss

Long-Term Investments (Details

Long-Term Investments (Details Textual)	Aug. 02, 2019USD ($)	Mar. 20, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2019CNY (¥)
Long-Term Investments (Textual)
Loss from equity method investment			$ (17,023)
Long term debt			13,347,027	$ 15,475,312
Jincai [Member]
Long-Term Investments (Textual)
Investments			$ 2,870,758
Equity interest, percentage			40.00%			40.00%
Jincai [Member] | Subsequent Event [Member] | Shanghai Pudong Development Bank [Member]
Long-Term Investments (Textual)
Maturity date		Mar. 19, 2023
Long term debt		$ 14,100,000
Debt instrument interest, Percentage		5.225%
Jincai [Member] | RMB [Member]
Long-Term Investments (Textual)
Investments | ¥						¥ 20,000,000
Jincai [Member] | RMB [Member] | Subsequent Event [Member] | Shanghai Pudong Development Bank [Member]
Long-Term Investments (Textual)
Long term debt		$ 100,000,000
Yantai Caijin Investment Holdings [Member]
Long-Term Investments (Textual)
Equity interest, percentage			60.00%			60.00%
Yantai Hengqingyuan Eco-Technology Co., Ltd. [Member]
Long-Term Investments (Textual)
Investments	$ 144,361
Equity interest, percentage	80.00%
Loss from equity method investment	$ 17,023
Yantai Hengqingyuan Eco-Technology Co., Ltd. [Member] | RMB [Member]
Long-Term Investments (Textual)
Investments	$ 1,000,000
Hengqingyuan [Member]
Long-Term Investments (Textual)
Equity interest, percentage	20.00%

Deferred Tax Assets, Net (Detai

Deferred Tax Assets, Net (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets (liabilities), non-current
Unpaid accrued expenses	$ 56,262	$ 50,600
Warranty	49,594	49,090
Allowance for doubtful accounts	263,566	79,639
Others	(658,109)	424,735
Deferred tax assets (liabilities), non-current	(288,687)	604,064
Less: valuation allowance
Deferred tax assets (liabilities), non-current	$ (288,687)	$ 604,064

Loans (Details)

Loans (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Short-term Debt [Line Items]
Total short term loans	$ 7,604,638	$ 8,180,428
Total loans	13,347,027	15,475,312
Less: short term loans and current portion of long term loans	11,809,449	10,867,111
Less: unamortized debt issuance costs	160,361	158,312
Long term loans - due over one year	1,377,217	4,449,889
Bank of Qingdao, Yantai Branch [Member]
Short-term Debt [Line Items]
Total short term loans		3,635,623
Industrial and Commercial Bank of China, Yantai Economic Development Zone Branch [Member]
Short-term Debt [Line Items]
Total short term loans	3,014,296	4,362,748
Bank of China, Yantai Bonded Port Area Branch [Member]
Short-term Debt [Line Items]
Total short term loans	1,148,303	1,163,399
Huaxia Bank Co., Ltd., Yantai Xingfu Branch [Member]
Short-term Debt [Line Items]
Total short term loans		1,454,250
Qingdao Yikou Industrial Automation Equipment Co., Ltd. [Member]
Short-term Debt [Line Items]
Total short term loans	83,252	157,059
Qingdao Hongjiatai Machinery Engineering Co., Ltd. [Member]
Short-term Debt [Line Items]
Total short term loans		305,392
Yantai Guotai Investment Limited Company ("Yantai Guotai") [Member]
Short-term Debt [Line Items]
Total short term loans		727,125
Volkswagen Finance (China) Co., Ltd. [Member]
Short-term Debt [Line Items]
Total short term loans		10,455
Volkswagen Finance (China) Co., Ltd. One [Member]
Short-term Debt [Line Items]
Total loans		23,638
Qingdao Metro Finance Leasing Co., Ltd. [Member]
Short-term Debt [Line Items]
Total short term loans	4,306,138	3,635,623
Agricultural Bank of China, Yantai Laishan Branch [Member]
Short-term Debt [Line Items]
Total short term loans	1,291,841
Postal Savings Bank of China, Yantai Laishan Branch [Member]
Short-term Debt [Line Items]
Total short term loans	2,066,946
ZGC Sci-Tech Leasing Co., Ltd [Member]
Short-term Debt [Line Items]
Total loans	$ 1,436,251

Loans (Details 1)

Loans (Details 1)	Dec. 31, 2019USD ($)
Debt Disclosure [Abstract]
2020	$ 11,809,449
2021	1,368,457
2022	169,122
2023
2024 and thereafter
Total	$ 13,347,028

Loans (Details Textual)

Loans (Details Textual)

Sep. 11, 2019

Jul. 13, 2018

Nov. 08, 2017

Sep. 16, 2019

Mar. 29, 2019USD ($)

Oct. 29, 2018USD ($)

Jul. 16, 2018

May 30, 2018USD ($)

Apr. 28, 2018

Jan. 30, 2018

Nov. 01, 2017USD ($)

Sep. 28, 2017

Aug. 29, 2017USD ($)

Jun. 28, 2017USD ($)

Dec. 31, 2019USD ($)

Dec. 31, 2018USD ($)

Dec. 31, 2017USD ($)

Mar. 29, 2019CNY (¥)

Mar. 21, 2019

Dec. 31, 2018CNY (¥)

Dec. 24, 2018USD ($)

Dec. 24, 2018CNY (¥)

Oct. 29, 2018CNY (¥)

Nov. 30, 2017

Nov. 01, 2017CNY (¥)

Aug. 29, 2017CNY (¥)

Jun. 28, 2017CNY (¥)

Loans (Textual)

Short term borrowing amount

$ 11,809,449

$ 10,867,111

Interest expenses

$ 1,087,051

658,290

$ 242,707

Description of interest cost

The total interest cost incurred was $1,430,295, of which $1,087,051 was recognized as expense and $343,244 was capitalized in the construction of property, plant and equipment.

Long-term Debt [Member]

Loans (Textual)

Short term borrowing amount

$ 1,936,000

Due date for working capital purposes

Mar. 28, 2022

Annual interest rate

7.20%

7.20%

Long term loan, Description

The Company entered into two loans agreements with Volkswagen Finance (China) Co., Ltd. (“Volkswagen Loans”) in connection with acquisition of vehicles with net book value of $55,822 (RMB 363,200), which were pledged to secure the loans. The loans bear an effective interest rate of 9.090% per annum and are due in 24 months. The loans obtained pursuant to the agreements totaled $30,738 (RMB 200,000). For the years ended December 31, 2018 and 2017, the Company repaid in the total amount of approximately $17,835 (RMB 117,974) and $1,556 (RMB 10,131), respectively.

The loan is pledged by the Company's wastewater treatment equipment in the original cost of approximately $2,510,000 (RMB 17,486,660) and by the accounts receivable from two wastewater treatment projects. The loan is further guaranteed by Yuebiao Li and Zhuo Zhang. As of December 31, 2019, current portion of the loan totaled $611,364 (RMB 4,259,253) and the long term portion totaled $824,886 (RMB 5,746,819). The balance was presented in the balance of the accompanying consolidated balance sheet, including $38,081 (RMB265,303) of unamortized debt issuance costs, which were included in the balance of loans due over one year in the accompanying consolidated balance sheet.

The Company entered into a loan agreement to borrow approximately $311,154 (RMB 2,080,000) from Qingdao Yikou Industrial Automation Equipment Co., Ltd. for the period from July 16, 2018 to July 15, 2019 with an annual interest rate of 5.500%. The Company repaid approximately $144,322 (RMB 1,000,000) on November 22, 2018, and $70,867 (RMB500,000) on August 9, 2019.

The Company obtained a loan from Qingdao Metro Leasing Co., Ltd. ("Qingdao Metro Loan I") in the amount of approximately $4,736,979 (RMB 30,000,000). The loan bears an annual interest rate of 6.00% payable quarterly and is due in 36 months. The loan is guaranteed by Yuebiao Li and his wife, Zhuo Zhang and her husband and pledged by the Company's equipment in the original cost of approximately $6,019,799 (RMB 38,124,292). In addition, the loan is also pledged by the 30% equity ownership of Jinzheng owned by Newater HK. The Company paid a security deposit of approximately $473,698 (RMB 3,000,000) and debt issuance costs of approximately $284,219 (RMB 1,800,000) in cash. On January 15, 2019, the Company obtained another two-year loan from Qingdao Metro Leasing Co., Ltd ("Qingdao Metro Loan II") in the amount of $4,440,245 (RMB30,000,000). The loan is guaranteed by Yuebiao Liand his wife, Zhuo Zhang and her husband and pledged by the Company's equipment in the original cost of approximately $5,808,000 (RMB40,460,000) and accounts receivable from a customer. In addition, the loan is also pledged by the 30% equity ownership of Jinzheng owned by Newater HK. As of December 31, 2019, current portion of Qingdao Metro Loan I and Qingdao Metro Loan II totaled $3,593,445 (RMB25,034,817) and the long term portion totaled $712,692 (RMB4,965,183). The balance was presented in the balance of the accompanying consolidated balance sheet, including $122,280 (RMB851,900) of unamortized debt issuance costs which was included in the balance of loans due over one year in the accompanying consolidated balance sheet.

The Company entered into other three loans agreements with Volkswagen Finance (China) Co., Ltd. ("Volkswagen Loans II") in connection with acquisition of vehicles with net book value of approximately $82,000 (RMB 561,000). The loans bear an effective interest rate of 9.690% per annum and are due in 24 months. The loans obtained pursuant to the agreements totaled $52,161 (RMB 330,000). For the year ended December 31, 2018, the Company repaid in the total amount of approximately $28,000 (RMB 167,457).

RMB [Member] | Long-term Debt [Member]

Loans (Textual)

Short term borrowing amount | ¥

¥ 13,000,000

Yantai Bonded Port Areas Branch [Member]

Loans (Textual)

Short term borrowing amount

$ 1,230,000

Due date for working capital purposes

Nov. 1, 2018

Annual interest rate

5.873%

Yantai Bonded Port Areas Branch [Member] | RMB [Member]

Loans (Textual)

Short term borrowing amount | ¥

¥ 8,000,000

Short-term Debt [Member]

Loans (Textual)

Short term borrowing amount

$ 1,148,000

$ 3,894,514

$ 1,537,000

$ 1,537,000

$ 2,401,000

$ 725,000

Due date for working capital purposes

Oct. 28, 2019

May 30, 2021

Aug. 28, 2018

Annual interest rate

6.50%

5.655%

5.655%

6.00%

4.86%

6.00%

9.00%

9.00%

5.655%

5.655%

Short term loan, description

The Company entered into a loan agreement to borrow approximately $2,068,000 (RMB 14,400,000) from China Post Savings Bank, Yantai Laishan Branch, for the period from September 11, 2019 to September 10, 2020 with an annual interest rate of 4.785%.

The Company entered into a loan agreement to borrow approximately $1,032,374 (RMB 6,900,000) from Qingdao Hongjiatai Machinery Engineering Co., Ltd. for the period from July 13, 2018 to July 12, 2019 with an annual interest rate of 5.50%. The Company paid off this loan in full as of December 31, 2019.

The Company entered into a loan agreement to borrow approximately $1,292,000 (RMB 9,000,000) from Agricultural Bank of China, Yantai Laishan Branch, for the period from September 16, 2019 to August 27, 2020 with an annual interest rate of 4.785%.

The loan is due on May 30, 2021 with an annual interest rate of 6.5000% payable monthly. The loan was guaranteed by Yuebiao Li and pledged by the construction in progress of the Company with original book value of approximately $6,795,983 (RMB 46,731,900).

The Company entered into another loan agreement with the same bank to borrow approximately $1,507,000 (RMB 10,000,000) at an annual interest rate of 5.655% payable monthly for the period from July 3, 2018 to July 3, 2019. The loan is guaranteed by Runtai. The Company paid off the loan on July 3, 2019.

Short-term Debt [Member] | RMB [Member]

Loans (Textual)

Short term borrowing amount

$ 25,000,000

¥ 16,000,000

¥ 5,000,000

¥ 8,000,000

¥ 10,000,000

¥ 10,000,000

Yantai Economic Development Zone Branch [Member]

Loans (Textual)

Short term loan, description

The Company entered into two loan agreements to borrow approximately $1,165,000 (RMB 8,000,000) and $3,204,000 (RMB 22,000,000) from the same bank, respectively. The Company paid off the loans in October 2019. On September 30, 2019 and December 9, 2019, the Company entered into two loan agreements to borrow approximately $1,824,459 (RMB13,000,000) and $1,136,846 (RMB8,000,000) from the same bank, respectively. These two loans bear annual interest rates of 4.350% and 4.785%, respectively, and are pledged with certificates of deposit in the total amount of $3,500,000 using the funds from the IPO by Newater HK. The amount of the certificates of deposit were included in restricted cash, current portion in the consolidated balance sheets.

Operating Lease (Details)

Operating Lease (Details) - Operating Lease [Member]	12 Months Ended
	Dec. 31, 2019USD ($)
Operating lease Cost:
Amortization of right-of-use assets	$ 41,935
Interest on lease liabilities	7,891
Total long term operating lease cost	49,826
Short term operating lease cost	$ 52,632

Operating Lease (Details 1)

Operating Lease (Details 1)	12 Months Ended
	Dec. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flow from operating leases	$ 75,960
Operating leases	$ 36,773

Operating Lease (Details 2)

Operating Lease (Details 2) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Operating Lease [Abstract]
Operating lease right-of-use assets	$ 141,016
Operating lease liabilities-current	56,852
Operating lease liabilities, non-current	68,420
Total operating lease liabilities	$ 125,272
Weighted-average remaining lease term	2 years 9 months 22 days
Weighted-average discount rate	6.00%

Operating Lease (Details 3)

Operating Lease (Details 3)	Dec. 31, 2019USD ($)
Operating Lease [Abstract]
2020	$ 62,520
2021	35,884
2022	35,884
Thereafter
Total	134,288
Less:imputed interest	9,016
Total lease liabilities	$ 125,272

Operating Lease (Details Textua

Operating Lease (Details Textual)	12 Months Ended
	Dec. 31, 2019
Operating Lease (Textual)
Lease, description	The remaining lease term of the Company's leases ranges from approximately 4 to 36 months. The estimated effect of lease renewal and termination options, as applicable, was included in the consolidated financial statements in current period.

Related Party Transactions (Det

Related Party Transactions (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Yuebiao Li [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Principal shareholder, Chairman of the Board and Chief Executive Officer ("CEO")	Principal shareholder, Chairman of the Board and Chief Executive Officer ("CEO")	Principal shareholder, Chairman of the Board and Chief Executive Officer ("CEO")
Zhuo Zhang [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Principal shareholder, Director, Chief Financial Officer ("CFO")	Principal shareholder, Director, Chief Financial Officer ("CFO")	Principal shareholder, Director, Chief Financial Officer ("CFO")
Yue Zhang [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Principal shareholder, Zhuo Zhang's sister	Principal shareholder, Zhuo Zhang's sister	Principal shareholder, Zhuo Zhang's sister
Xiaojun Chen [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Husband of Zhuo Zhang	Husband of Zhuo Zhang	Husband of Zhuo Zhang
Jinna [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Significantly influenced by Yue Zhang, principal shareholder and sister of Zhuo Zhang. Jinna was dissolved during 2016.	Significantly influenced by Yue Zhang, principal shareholder and sister of Zhuo Zhang. Jinna was dissolved during 2016.	Significantly influenced by Yue Zhang, principal shareholder and sister of Zhuo Zhang. Jinna was dissolved during 2016.
Mojie [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Established and controlled by Yuebiao Li and Zhuo Zhang. All of the equity interest was transferred to a third party in July 2015. The entity was dissolved in February 2019.	Established and controlled by Yuebiao Li and Zhuo Zhang. All of the equity interest was transferred to a third party in July 2015. The entity was dissolved in February 2019.	Established and controlled by Yuebiao Li and Zhuo Zhang. All of the equity interest was transferred to a third party in July 2015. The entity was dissolved in February 2019.
Jinmo [Member]
Related Party Transaction [Line Items]
Nature of Relationship	A subsidiary that was incorporated on March 19, 2015 and disposed on December 8, 2016 for consideration of RMB 220,000 (approximately $31,678) to Entity A.	A subsidiary that was incorporated on March 19, 2015 and disposed on December 8, 2016 for consideration of RMB 220,000 (approximately $31,678) to Entity A.	A subsidiary that was incorporated on March 19, 2015 and disposed on December 8, 2016 for consideration of RMB 220,000 (approximately $31,678) to Entity A.
Daqing Wanjieyuan [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Controlled by Yuebiao Li, the entity was dissolved in June 2017.	Controlled by Yuebiao Li, the entity was dissolved in June 2017.	Controlled by Yuebiao Li, the entity was dissolved in June 2017.
Heilongjiang Binteer [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Established by Yuebiao Li, in May 2014, Mr. Li transferred his 60% equity interest to his brother, Yuefeng Li. Yuefeng Li then transferred his 60% equity interest to a third party individual for zero consideration in March 2016.	Established by Yuebiao Li, in May 2014, Mr. Li transferred his 60% equity interest to his brother, Yuefeng Li. Yuefeng Li then transferred his 60% equity interest to a third party individual for zero consideration in March 2016.	Established by Yuebiao Li, in May 2014, Mr. Li transferred his 60% equity interest to his brother, Yuefeng Li. Yuefeng Li then transferred his 60% equity interest to a third party individual for zero consideration in March 2016.
Entity B [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Significantly influenced by the Company	Significantly influenced by the Company	Significantly influenced by the Company
Entity C [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Significantly influenced by the Company	Significantly influenced by the Company	Significantly influenced by the Company
Entity A and its subsidiaries [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Entity A is 45% owned by Entity D	Entity A is 45% owned by Entity D	Entity A is 45% owned by Entity D
Entity D and its subsidiary [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Significantly influenced by the Company	Significantly influenced by the Company	Significantly influenced by the Company
Hengqingyuan [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Jinzheng holds 20% equity interest.	Jinzheng holds 20% equity interest.	Jinzheng holds 20% equity interest.
Jincai [Member]
Related Party Transaction [Line Items]
Nature of Relationship	Jinzheng holds 40% equity interest.	Jinzheng holds 40% equity interest.	Jinzheng holds 40% equity interest.

Related Party Transactions (D_2

Related Party Transactions (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Net revenues from related parties	$ 13,857,014	$ 21,066,741	$ 9,146,994
Heilongjiang Binteer [Member]
Related Party Transaction [Line Items]
Net revenues from related parties	6,792
Entity B [Member]
Related Party Transaction [Line Items]
Net revenues from related parties		107,894	229,367
Entity A and its subsidiaries [Member]
Related Party Transaction [Line Items]
Net revenues from related parties	11,030,663	20,750,159	8,917,627
Entity D’s subsidiary [Member]
Related Party Transaction [Line Items]
Net revenues from related parties	897,748	208,688
Hengqingyuan [Member]
Related Party Transaction [Line Items]
Net revenues from related parties	$ 1,921,811

Related Party Transactions (D_3

Related Party Transactions (Details 2) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Accounts receivable from related parties	$ 3,016,399	$ 1,948,009
Less: allowance for doubtful accounts	(624,312)
Accounts receivable from related parties, net	2,392,087	1,948,009
Entity B [Member]
Related Party Transaction [Line Items]
Accounts receivable from related parties	624,312	661,604
Entity A and its subsidiaries [Member]
Related Party Transaction [Line Items]
Accounts receivable from related parties	1,460,103	1,286,405
Entity D’s subsidiary [Member]
Related Party Transaction [Line Items]
Accounts receivable from related parties	$ 931,984

Related Party Transactions (D_4

Related Party Transactions (Details 3) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Allowance for doubtful accounts, beginning balance	$ 470,648
Allowance for doubtful accounts, ending balance	601,975	$ 470,648
Related Parties [Member]
Related Party Transaction [Line Items]
Allowance for doubtful accounts, beginning balance		135,946
Increase	624,312
Decrease		(128,631)
Effects of foreign exchange rate		(7,315)
Allowance for doubtful accounts, ending balance	$ 624,312

Related Party Transactions (D_5

Related Party Transactions (Details 4) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Advances from customers - related parties	$ 7,254,968	$ 586,719
Entity A and its subsidiaries [Member]
Related Party Transaction [Line Items]
Advances from customers - related parties	72,904	583,894
Entity D's subsidiary [Member]
Related Party Transaction [Line Items]
Advances from customers - related parties		2,825
Heilongjiang Binteer [Member]
Related Party Transaction [Line Items]
Advances from customers - related parties	5,167
Jincai [Member]
Related Party Transaction [Line Items]
Advances from customers - related parties	$ 7,176,897

Related Party Transactions (D_6

Related Party Transactions (Details 5) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Total	$ 2,112,484	$ 1,592,537
Entity D's subsidiary [Member]
Related Party Transaction [Line Items]
Total	$ 2,112,484	$ 1,592,537

Related Party Transactions (D_7

Related Party Transactions (Details 6) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Total	$ 12,240,479	$ 11,488,801	$ 1,728,642
Entity C [Member]
Related Party Transaction [Line Items]
Total	2,536,720	5,279,255	1,728,642
Entity A and its subsidiary [Member]
Related Party Transaction [Line Items]
Total	7,521,286	5,918,396
Entity D's subsidiary [Member]
Related Party Transaction [Line Items]
Total	$ 2,182,473	$ 291,150

Related Party Transactions (D_8

Related Party Transactions (Details 7) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Accounts payable - related parties	$ 5,225,004	$ 3,389,148
Entity C [Member]
Related Party Transaction [Line Items]
Accounts payable - related parties	1,318,692	1,985,136
Entity A and its subsidiary [Member]
Related Party Transaction [Line Items]
Accounts payable - related parties	2,537,333	1,197,328
Entity D's subsidiaries [Member]
Related Party Transaction [Line Items]
Accounts payable - related parties	$ 1,368,979	$ 206,684

Related Party Transactions (D_9

Related Party Transactions (Details 8) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Total	$ 1,450,627	$ 5,669,252
Entity C [Member]
Related Party Transaction [Line Items]
Total		4,296,375
Entity D's subsidiaries [Member]
Related Party Transaction [Line Items]
Total	$ 1,450,627	$ 1,372,877

Related Party Transactions (_10

Related Party Transactions (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Related Party Transactions (Textual)
Net related party revenues	$ 13,857,014	$ 21,066,741	$ 9,146,994
Accounts payable to related party	5,225,004	3,389,148
Borrowing amount of related party	12,240,479	11,488,801	1,728,642
Operating expenses paid by related party		9,703	739,973
Accounts receivable from related parties	2,392,087	1,948,009
Advances from customers - related parties	7,254,968	586,719
Purchase from related parties	2,112,484	1,592,537	0
Purchased from and services provided by related parties	1,450,627	5,669,252	$ 0
Paid deposit to related party	$ 0	$ 10,180

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Current	$ 571,198	$ 1,775,477	$ 788,815
Deferred	892,547	(118,198)	(312,997)
Total	$ 1,463,745	$ 1,657,279	$ 475,818

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
HK statutory income tax rate	8.25%	8.25%	16.50%
Valuation allowance recognized with respect to the loss in the HK company	(8.25%)	(8.25%)	(16.50%)
PRC statutory income tax rate	25.00%	25.00%	25.00%
Effect of income tax exemptions and reliefs		(8.53%)	(10.00%)
Effect of additional deduction allowed for R&D expense	(5.31%)	(4.39%)	(2.74%)
Effect of expenses not deductible for tax purposes	4.67%	1.44%	0.81%
Others	(1.40%)		2.45%
Total	22.96%	13.52%	15.52%

Income Taxes (Details Textual)

Income Taxes (Details Textual)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Taxes (Textual)
Description of income tax	The Company's subsidiary, Newater HK, is incorporated in Hong Kong and has no operating profit or tax liabilities during the period. Newater HK is subject to tax at 8.25% on assessable profits up to $256,410 (HK$2,000,000) and 16.5% on any part of assessable profits over $256,410 for the year ended December 31, 2019 and 2018, and 16.5% of the estimated assessable profit for the years ended December 31, 2017.
Enterprise income tax rate	25.00%
Preferential tax rate	15.00%	15.00%	15.00%
Federal and state income tax at statutory rate	21.00%

Statutory Reserves (Details)

Statutory Reserves (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statutory Reserves (Textual)
Statutory reserves, description	The Company Law in the PRC, companies are required to set aside 10% of their after-tax profit to general reserves each year, based on the PRC accounting standards, until the cumulative total of such reserves reaches 50% of the registered capital.
Statutory reserves	$ 2,267,219	$ 1,765,711

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	Aug. 03, 2017	Aug. 02, 2017	Jun. 06, 2016	Mar. 27, 2016	Sep. 30, 2015	Dec. 31, 2017	Dec. 31, 2019	Dec. 31, 2018
Stockholders' Equity (Textual)
Issuance of common shares for cash						$ 7,111,325
Common stock, par value							$ 0.001	$ 0.001
Common stock, shares outstanding							10,809,000	10,809,000
Escrow deposit							$ 3,500,000
Jinzheng [Member]
Stockholders' Equity (Textual)
Capital distribution in connection with acquisition of a subsidiary				$ (4,418,425)
Incorporator [Member]
Stockholders' Equity (Textual)
Issuance of common shares for cash, Shares				73,000	10,000
Issuance of common shares for cash				$ 47,450	$ 10
Common stock, par value				$ 0.65	$ 0.001
Three Third Party Individuals [Member]
Stockholders' Equity (Textual)
Issuance of common shares for cash, Shares			724,000
Debt converted amount			$ 3,077,000
Common stock, par value			$ 4.25
Third Party Individual [Member]
Stockholders' Equity (Textual)
Issuance of common shares for cash, Shares			275,000
Debt converted amount			$ 770,000
Common stock, par value			$ 2.80
Six Individuals and Seven Companies [Member]
Stockholders' Equity (Textual)
Issuance of common shares for cash, Shares				8,117,000
Issuance of common shares for cash				$ 5,276,050
Common share price per share				$ 0.65
IPO [Member]
Stockholders' Equity (Textual)
Issuance of common shares for cash, Shares	210,000	1,400,000
Issuance of common shares for cash	$ 966,000	$ 6,145,325
Common stock, par value	$ 5	$ 5					$ 0.001
Common stock, shares outstanding							9,199,000
Escrow deposit		$ 500,000
Initial potential amount non cash		500,000
Amount of net proceeds		$ 6,100,000
Description of escrow account		The $6.1 million net proceeds, $500,000 was deposited into an escrow account to satisfy the initial $500,000 in potential indemnification obligations arising during an escrow period of two years following the closing date of August 2, 2017 and was presented as restricted cash, in the accompanying consolidated balance sheets.

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Earnings Per Share [Abstract]
Net income available to common shareholders for basic and diluted net income per common share	$ 4,311,547	$ 7,211,429	$ 2,590,931
Weighted average common shares outstanding - basic	10,809,000	10,809,000	9,864,479
Effect of dilutive securities:
Warrants issued to third party
Weighted average common shares outstanding - diluted	10,809,000	10,809,000	9,864,479
Net income per common share - basic	$ 0.40	$ 0.67	$ 0.26
Net income per common share - diluted	$ 0.40	$ 0.67	$ 0.26

Concentrations of Credit Risk_3

Concentrations of Credit Risk and Major Customers and Suppliers (Details)	12 Months Ended
	Dec. 31, 2019		Dec. 31, 2018		Dec. 31, 2017
Jinan [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	12.81%	[1]		[1]
Entity A, a related party [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	28.21%		40.25%	[1]	35.19%	[1]
Jiangshan Town [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage		[1]	35.87%		31.70%
Beijing Aritime [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage		[1]		[1]	13.34%
[1]	Less than 10%

Concentrations of Credit Risk_4

Concentrations of Credit Risk and Major Customers and Suppliers (Details 1)	12 Months Ended
	Dec. 31, 2019		Dec. 31, 2018		Dec. 31, 2017
Dalian Huarui [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage		[1]		[1]	43.35%
Entity A, a Related Party [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	12.47%		14.70%			[1]
[1]	Less than 10%

Concentrations of Credit Risk_5

Concentrations of Credit Risk and Major Customers and Suppliers (Details Textual)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Customer [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	10.00%	10.00%	10.00%
Suppliers [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	10.00%	10.00%	10.00%
Accounts Receivable [Member] | Liaoning Beifang Environmental Protection Co., Ltd., [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	25.20%	11.32%
Accounts Receivable [Member] | Jiangshan Town [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	11.89%	29.18%
Accounts Receivable [Member] | Changchun guangtaiyuan Environmental Protection Technology Co., Ltd [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	10.17%
Accounts Receivable [Member] | Yantai Urban Administration Bureau [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage		12.76%
Accounts Receivable [Member] | Entity A [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage		10.22%
Accounts Payable [Member] | Entity C [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	19.75%	22.71%
Accounts Payable [Member] | Entity A [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	10.26%

Segmental and Revenue Analysi_2

Segmental and Revenue Analysis (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Net revenues	$ 23,716,978	$ 25,973,963	$ 16,192,503
Net revenues from related parties	13,857,014	21,066,741	9,146,994
Total net revenues	37,573,992	47,040,704	25,339,497
Products [Member]
Segment Reporting Information [Line Items]
Net revenues	2,152,846	1,387,955	3,771,573
Projects [Member]
Segment Reporting Information [Line Items]
Net revenues	16,906,709	6,223,293	4,425,596
Services [Member]
Segment Reporting Information [Line Items]
Net revenues	4,657,423	18,362,715	7,995,334
Products - Related Parties [Member]
Segment Reporting Information [Line Items]
Net revenues from related parties	796,121	304,938	229,367
Projects - Related Parties [Member]
Segment Reporting Information [Line Items]
Net revenues from related parties	$ 13,060,893	$ 20,761,803	$ 8,917,627

Contingencies (Details)

Contingencies (Details) - USD ($)	1 Months Ended	12 Months Ended
	Nov. 30, 2017	Dec. 31, 2019	Dec. 31, 2018
Contingencies (Textual)
Plaintiff claimed total damages	$ 153,695
Liquidity borrowing		$ 11,809,449	$ 10,867,111
CNY [Member]
Contingencies (Textual)
Plaintiff claimed total damages	$ 1,000,000
Weihai Commercial Bank [Member]
Contingencies (Textual)
Guarantee contract, description		The Company provided two guarantees for the loans borrowed by Yantai Runtai Medical Co., Ltd. from Weihai Commercial Bank in the amount of approximately $782,607 (RMB5,000,000) and $737,800 (RMB5,000,000) for the period from June 7, 2018 and May 9, 2020 until two years after the due date of the loan, respectively.
Shanghai Pudong Development Bank [Member]
Contingencies (Textual)
Guarantee contract, description		The Company provided a guarantee for a loan borrowed by Jincai from Shanghai Pudong Development Bank in the amount of approximately $14,427,932 (RMB100,000,000) for a period from March 9, 2020 until two years after the due date of the loan.

Subsequent Events (Details)

Subsequent Events (Details)	1 Months Ended
	Mar. 24, 2020USD ($)	Mar. 24, 2020CNY (¥)	Feb. 18, 2020USD ($)	Feb. 18, 2020CNY (¥)	Jan. 31, 2020	Mar. 29, 2020USD ($)	Mar. 29, 2020CNY (¥)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Subsequent Events (Textual)
Accounts receivable								$ 11,293,625	$ 10,064,847
Subsequent Event [Member]
Subsequent Events (Textual)
Total consideration received			$ 1,146,000
Nominal interest rate			4.25%	4.25%
Repayment of loan amount			$ 2,773,160
Additional invested, Description					The Company and Caijin invested additional RMB 20,000,000 (approximately $2,873,000) and RMB30,000,000 (approximately $4,310,000) in Jincai, respectively. The equity interest of Jincai owned by the Company remained at 40% as disclosed in Note 9.
Subsequent Event [Member] | China CITIC Bank [Member]
Subsequent Events (Textual)
Total consideration received	$ 2,819,000
Nominal interest rate	5.00%	5.00%
Subsequent Event [Member] | Yantai Jinyu Eco-Technology Co., Ltd [Member]
Subsequent Events (Textual)
Accounts receivable						$ 2,797,951
Equity ownership percentage						40.00%	40.00%
Subsequent Event [Member] | CNY [Member]
Subsequent Events (Textual)
Total consideration received | ¥				¥ 8,000,000
Subsequent Event [Member] | CNY [Member] | China CITIC Bank [Member]
Subsequent Events (Textual)
Total consideration received | ¥		¥ 20,000,000
Subsequent Event [Member] | CNY [Member] | Yantai Jinyu Eco-Technology Co., Ltd [Member]
Subsequent Events (Textual)
Accounts receivable | ¥							¥ 20,000,000