Forge Innovation Development (FGNV) 10-Q 4 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 04, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	FORGE INNOVATION DEVELOPMENT CORP.
Entity Central Index Key	0001687919
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	CA
Entity File Number	333-218248
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		45,621,868

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash	$ 434,086	$ 653,142
Prepaid expense and other current asset	11,000
Note receivable	110,000	110,000
Account receivable		3,000
Total Current Assets	555,086	766,142
NONCURRENT ASSET
Operating lease right-of-use assets	136,460
Property and equipment, net	36,840	29,217
Other assets	13,953	18,238
Total Non-Current Assets	187,253	47,455
TOTAL ASSETS	742,339	813,597
CURRENT LIABILITIES:
Other current liability	2,498	4,873
Operating lease liabilities	57,890
Total Current Liabilities	60,388	4,873
Long term portion of operating lease liabilities	80,451
TOTAL LIABILITIES	140,839	4,873
STOCKHOLDERS' EQUITY:
Preferred stock ($.0001 par value, 50,000,000 shares authorized; no share issued and outstanding as of September 30, 2019 and December 31, 2018)
Common stock ($.0001 par value, 200,000,000 shares authorized, 45,621,868 shares issued and outstanding as of September 30, 2019 and December 31, 2018)	4,562	4,562
Additional Paid-in Capital	1,469,678	1,469,678
Accumulated Deficit	(872,740)	(665,516)
Total Stockholders' Equity	601,500	808,724
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 742,339	$ 813,597

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	45,621,868	45,621,868
Common stock, shares outstanding	45,621,868	45,621,868

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Revenue	$ 9,000	$ 9,000	$ 27,000	$ 27,000
Cost of revenue
Gross Profit	9,000	9,000	27,000	27,000
Operating Expenses
Consulting Expenses	18,000	38,000	54,010	94,000
Other Selling, General and Administrative Expenses	60,191	79,700	181,064	186,685
Total Operating Expenses	78,191	117,700	235,074	280,685
Interest income	550	1,050	1,650	3,650
Income tax			800
Net loss	$ (68,641)	$ (107,650)	$ (207,224)	$ (250,035)
Net loss per common share, basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding, basic and diluted	45,621,868	45,621,868	45,621,868	53,871,868

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (207,224)	$ (250,035)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of ROU	1,881
Depreciation expense	6,459	3,865
Change in operating assets and liabilities:
Rent deposit		(13,953)
Prepaid expense	(11,000)	(6,064)
Account receivable	3,000	(3,000)
Other assets		(4,285)
Other current liability	(2,675)	4,382
Net cash used in operating activities	(209,559)	(269,090)
CASH FLOWS FROM INVESTING ACTIVITIES
Note receivable		100,000
Purchase of property and equipment	(9,797)	(34,823)
Net cash provided by (used in) investing activities	(9,797)	65,177
CASH FLOWS FROM FINANCING ACTIVITIES
Process from related party borrowings	300	4,722
Net cash provided by financing activities	300	4,722
Net decrease in Cash	(219,056)	(199,191)
Cash at beginning of period:	653,142	824,777
Cash at end of period:	434,086	625,586
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Interest paid
Income taxes paid	800	800
Common stock issued to settle with the accrued consulting expenses		$ 300,000

Statements of Changes in Shareh

Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Common Stock	Additional Paid-In Capital	Retained Earnings / Accumulated Deficit	Total
Balance at Dec. 31, 2017	$ 5,762	$ 1,168,478	$ (366,130)	$ 808,110
Balances, shares at Dec. 31, 2017	57,621,868
Implementation of ASU2014-09			26,667	26,667
Common stock issued for service
Common stock issued for service, shares
Cancellation of common stock
Cancellation of common stock, shares
Net loss			$ (47,776)	$ (47,776)
Balance at Mar. 31, 2018	$ 5,762	1,168,478	(387,239)	787,001
Balance, shares at Mar. 31, 2018	57,621,868
Implementation of ASU2014-09
Common stock issued for service	$ 300	299,700		300,000
Common stock issued for service, shares	3,000,000
Cancellation of common stock	$ (1,500)	1,500
Cancellation of common stock, shares	(15,000,000)
Net loss			(94,609)	(94,609)
Balance at Jun. 30, 2018	$ 4,562	1,469,678	(481,848)	992,392
Balance, shares at Jun. 30, 2018	45,621,868
Implementation of ASU2014-09
Common stock issued for service
Common stock issued for service, shares
Cancellation of common stock
Cancellation of common stock, shares
Net loss			$ (107,650)	$ (107,650)
Balance at Sep. 30, 2018	$ 4,562	$ 1,469,678	(589,498)	884,742
Balance, shares at Sep. 30, 2018	45,621,868
Balance at Dec. 31, 2018	$ 4,562	1,469,678	(665,516)	808,724
Balances, shares at Dec. 31, 2018	45,621,868
Implementation of ASU2014-09
Common stock issued for service
Common stock issued for service, shares
Cancellation of common stock
Cancellation of common stock, shares
Net loss			$ (68,419)	$ (68,419)
Balance at Mar. 31, 2019	$ 4,562	1,469,678	(733,935)	740,305
Balance, shares at Mar. 31, 2019	45,621,868
Implementation of ASU2014-09
Common stock issued for service
Common stock issued for service, shares
Cancellation of common stock
Cancellation of common stock, shares
Net loss			$ (70,164)	$ (70,164)
Balance at Jun. 30, 2019	$ 4,562	1,469,678	(804,099)	670,141
Balance, shares at Jun. 30, 2019	45,621,868
Implementation of ASU2014-09
Common stock issued for service
Common stock issued for service, shares
Cancellation of common stock
Cancellation of common stock, shares
Net loss			$ (68,641)	$ (68,641)
Balance at Sep. 30, 2019	$ 4,562	$ 1,469,678	$ (872,740)	$ 601,500
Balance, shares at Sep. 30, 2019	45,621,868

Organization and Description of

Organization and Description of Business	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Note 1 - Organization and Description of Business Forge Innovation Development Corp., or the "Company", was initially incorporated in the State of Nevada on January 15, 2016 under the name of You-Go enterprises, LLC (the "Company Predecessor"). On November 3, 2016, the Company filed an amendment to its Articles of Incorporation in the State of Nevada to change the Company's name to Forge Innovation Development Corp. Our current principle executive office is located at 17800 Castleton Street, Suite 583 City of Industry, CA 91748. Tel: 626-986-4566. The Company's main business will be focus on real estate development, land purchasing and selling and property management. Development Stage Company The Company is considered to be in the development stage as defined in Statement of Financial Accounting Standards (SFAS) ASC 915, "Development Stage Entities". The Company has devoted substantially all of its efforts to establishing a new business and for which either of the following conditions exists: planned principal operations have not commenced; or the planned principal operations have commenced, but there has been no significant revenue there from. The Company's first sales activity was in March 2017 by the sale of real estate in Desert Springs, California. There were revenue from real estate management services during the nine months ended September 30, 2019. There is no assurance of any future revenues.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 - Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10-K, have been omitted. Revenue Recognition On January 1, 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers, using the modified retrospective approach, which applies the new standard to contracts that are not completed as of the date of adoption. Under the new standard, revenue is recognized upon transfer of control of promised goods and services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those goods and services. Revenue streams that are scoped into ASU 2014-09 include: Property management services: The Company deals directly with prospects and tenants for the owners of properties, which mainly includes marketing property, collecting rent, handling maintenance, repairing issues and responding to tenant complaints. The Company recognizes revenue as earned on a monthly basis and has concluded this is appropriate under the new standard. Real estate sales: The Company accounts for the sale of real estate assets and any related gain recognition in accordance with the accounting guidance applicable to sales of real estate, which establishes standards for recognition of profit on all real estate sales transactions, other than retail land sales. The Company recognizes the sale, and associated gain or loss from the disposition, provided that the earnings process is complete, and the Company does not have significant continuing involvement. Subsequent to the adoption of the new standard, the Company may recognize a gain on a real estate disposition that previously did not qualify as a sale or for full profit recognition due to the timing of the transfer of control. Property and equipment Property and equipment are carried at cost and are depreciated on a straight-line basis (after taking into account their respective estimated residual value) over 5 or 7 years, the estimated useful lives of the assets. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. The Company examines the possibility of decreases in the value of fixed assets when events or changes in circumstances reflect the fact that their recorded value may not be recoverable. During the nine months ended September 30, 2019 and 2018, the depreciation expense were $6,459 and $3,865, respectively. Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued new leasing guidance ("Topic 842") that replaced the existing lease guidance ("Topic 840"). Topic 842 established a right-of-use ("ROU") model that requires a lessee to record a ROU asset and lease liability on the balance sheet for all leases with terms longer than 12 months. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of operations. This guidance also expanded the requirements for lessees to record leases embedded in other arrangements and the required quantitative and qualitative disclosures surrounding leases. The Company adopted Topic 842 on its effective date of January 1, 2019 using a modified retrospective transition approach; as such, Topic 842 will not be applied to periods prior to adoption and the adoption had no impact on the Company's previously reported results. The Company elected the package of practical expedients permitted under the transition guidance within Topic 842, which allowed the Company to carry forward its identification of contracts that are or contain leases, its historical lease classification and its accounting for initial direct costs for existing leases. The impact of adopting Topic 842 was not material to the Company's result of operations or cash flows for the nine months ended September 30, 2019. The Company recognized operating lease liabilities of $178,365 upon adoption, with corresponding ROU assets on its balance sheet. See Note 7 for further details. Recently Issued Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, (Topic 326), Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments which amends the current accounting guidance and requires the use of the new forward-looking "expected loss" model, rather than the "incurred loss" model, which requires all expected losses to be determined based on historical experience, current conditions and reasonable and supportable forecasts. This guidance amends the accounting for credit losses for most financial assets and certain other instruments including trade and other receivables, held-to-maturity debt securities, loans and other instruments. ASU 2016-13 is effective for public entities for annual periods beginning after December 15, 2019, and interim periods within those annual periods. The Company is evaluating the impact of the adoption of ASU 2016-13 on its financial position and results of operations.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 3 - Income Taxes The Company has not recognized an income tax benefit for its operating losses generated based on uncertainties concerning its ability to generate taxable income in future periods. The tax benefit for the period presented is offset by a valuation allowance established against deferred tax assets arising from the net operating losses, the realization of which could not be considered more likely than not. In future periods, tax benefits and related deferred tax assets will be recognized when management considers realization of such amounts to be more likely than not. During the nine months ended September 30, 2019 and 2018, the Company has incurred a net loss of $207,224 and $250,035 which resulted in a net operating loss for income tax purposes. NOLs begin expiring in 2036. The loss results in a deferred tax assets of approximately $230,000 and $110,000 at the effective tax rate of 21%. The deferred tax asset has been off-set by an equal valuation allowance.

Concentration of Risk

Concentration of Risk	9 Months Ended
	Sep. 30, 2019
Risks and Uncertainties [Abstract]
Concentration of Risk	Note 4 - Concentration of Risk The Company maintains cash in one account within one local commercial bank located in Southern California. The standard insurance amount is $250,000 per depositors under the FDIC's general deposit insurance rules. At September 30, 2019 and December 31, 2018, uninsured cash balances were $194,556 and $415,490, respectively.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 5 - Related Party Transactions On February 1, 2017, the Company entered into a lease for office space (the "Office Lease") with Glory Investment International Inc. ("Glory Investment") whose CEO is an immediate family of the Company. Pursuant to the Office Lease, the Company subleased 200 square feet office from Glory Investment, and the monthly rent of $500 is due within first five business days of each month. The term of the Office Lease is renewable from year-to-year, and was terminated on March 31, 2018. For the nine months ended as of September 30, 2019 and 2018, rent expense was $0 and $ 250. During the nine months ended September 30, 2019, Mr. Liang, the Company's CEO, paid operating expenses on behalf of the Company in the amount of $17,203. At September 30, 2019 and December 31, 2018, the Company had balance of due to Mr. Liang in the amount of $300 and $Nil, respectively.

Notes Receivable

Notes Receivable	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Notes Receivable	Note 6 - Notes Receivable On March 17, 2017, the Company entered into a Land Transaction Agreement with Steven Zhi Qin, a third party individual. Pursuant to the agreement, the Company sold the undeveloped land located in Desert Hot Spring with value of $283,333, to Steven Zhi Qin in exchange for a Promissory Note in the amount of $310,000. The Promissory Note is secured by a Deed of Trust to Chicago Title Company, a California corporation and an independent institution insuring the Company's collection right, and was due on March 17, 2018, with interest at the rate of 2% per annum, payable in monthly installment of interest only, in the amount of $517. The Promissory Note also applies to Steven Zhi Qin's personal property located at 1715 East Cortez Street, West Covina, CA 91791 as additional collateral, of which a lien will be recorded against said property. On March 6, 2018, the Company reached an agreement with Steven Zhi Qin, pursuant to which the Company agreed and approved the amendment of the Promissory Note to extend maturity date to March 17, 2019. On March 12, 2019, the Company reached another agreement with Steven Zhi Qin, pursuant to which the Company agreed and approved amendment of the Promissory Note to extend maturity date to June 30, 2019. On June 26, 2019, the Company reached the third amendment with Steven Zhi Qi, pursuant to which the Company agreed and approved amendment of the Promissory Note to extend maturity date to September 30, 2019, and the remaining $110,000 will be due on September 30, 2019. On September 30, 2019, the Company reached the fourth amendment with Steven Zhi Qi, pursuant to which the Company agreed and approved amendment of the Promissory Note to extend maturity date to December 31, 2019, and the remaining $110,000 will be due on December 31, 2019. For the nine months ended September 30, 2019 and 2018, total interest income was $1,650 and $3,650, respectively.

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Note 7 - Leases The Company has operating lease for its leases office space from a third party. We determined if an arrangement is a lease inception of the contract and whether a contract is or contains a lease by determining whether it conveys the right to control the use of identified asset for a period of time. The contact provides us the right to substantially all the economic benefits from the use of the identified asset and the right to direct use of the identified asset, we consider it to be, or contain, a lease. Leases is classified as operating at inception of the lease. Operating leases result in the recognition of ROU assets and lease liabilities on the balance sheet. ROU assets and operating lease liabilities are recognized based on the present value of lease payments over the lease term as of the commencement date. Because our leases do not provide an explicit or implicit rate of return, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments on an individual lease basis. Our incremental borrowing rate for a lease is the rate of interest we would have to pay on a collateralized basis to borrow an amount equal to the lease payments for the asset under similar term, which is 5.5%. Lease expense for these leases is recognized on a straight-line basis over the lease term. Our leases do not contain any residual value guarantees or material restrictive covenants. Leases with a lease term of 12 months or less are not recorded on the balance sheet and lease expense is recognized on a straight-line basis over the lease term. The remaining term as of September 30, 2019 is 27 months. We currently have no finance leases. During the nine months ended September 30, 2019, cash paid for amounts included in the measurement of lease liabilities- operating cash flows from operating lease was $46,440. The components of lease expense consist of the following: Classification Three Months Nine Months Operating lease cost G&A expense $ 16,107 $ 48,321 Net lease cost $ 16,107 $ 48,321 Balance sheet information related to leases consists of the following: Classification September 30, Assets Operating lease ROU assets Right-of-use assets $ 136,460 Total leased assets $ 136,460 Liabilities Current portion Operating lease liabilities Current maturities of operating lease liabilities $ 57,890 Non-current portion Operating lease liabilities Long-term portion of operating lease liabilities 80,451 Total lease liabilities $ 138,341 Weighted average remaining lease term Operating leases 2.25 Weighted average discount rate Operating leases 5.5 % Cash flow information related to leases consists of the following: Nine Months Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 40,023 Right-of-use assets obtained in exchange for lease obligations: Operating leases 41,904 As previously discussed, the Company adopted Topic 842 by applying the guidance at adoption date, January 1, 2019. As required, the following disclosure is provided for periods prior to adoption, which continue to be presented in accordance with ASC 840. Future minimum lease payment under non-cancellable lease as of September 30, 2019 are as follows: Ending December 31, Operating Leases 2019 $ 15,480 2020 64,392 2021 66,972 2022 - Total lease payments 146,844 Less: Interest (8,503 ) Present value of lease liabilities $ 138,341

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period, as reported in the Form 10-K, have been omitted.
Revenue Recognition	Revenue Recognition On January 1, 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers, using the modified retrospective approach, which applies the new standard to contracts that are not completed as of the date of adoption. Under the new standard, revenue is recognized upon transfer of control of promised goods and services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those goods and services. Revenue streams that are scoped into ASU 2014-09 include: Property management services: The Company deals directly with prospects and tenants for the owners of properties, which mainly includes marketing property, collecting rent, handling maintenance, repairing issues and responding to tenant complaints. The Company recognizes revenue as earned on a monthly basis and has concluded this is appropriate under the new standard. Real estate sales: The Company accounts for the sale of real estate assets and any related gain recognition in accordance with the accounting guidance applicable to sales of real estate, which establishes standards for recognition of profit on all real estate sales transactions, other than retail land sales. The Company recognizes the sale, and associated gain or loss from the disposition, provided that the earnings process is complete, and the Company does not have significant continuing involvement. Subsequent to the adoption of the new standard, the Company may recognize a gain on a real estate disposition that previously did not qualify as a sale or for full profit recognition due to the timing of the transfer of control.
Property and equipment	Property and equipment Property and equipment are carried at cost and are depreciated on a straight-line basis (after taking into account their respective estimated residual value) over 5 or 7 years, the estimated useful lives of the assets. The cost of repairs and maintenance is expensed as incurred; major replacements and improvements are capitalized. When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the year of disposition. The Company examines the possibility of decreases in the value of fixed assets when events or changes in circumstances reflect the fact that their recorded value may not be recoverable. During the nine months ended September 30, 2019 and 2018, the depreciation expense were $6,459 and $3,865, respectively.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued new leasing guidance ("Topic 842") that replaced the existing lease guidance ("Topic 840"). Topic 842 established a right-of-use ("ROU") model that requires a lessee to record a ROU asset and lease liability on the balance sheet for all leases with terms longer than 12 months. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of operations. This guidance also expanded the requirements for lessees to record leases embedded in other arrangements and the required quantitative and qualitative disclosures surrounding leases. The Company adopted Topic 842 on its effective date of January 1, 2019 using a modified retrospective transition approach; as such, Topic 842 will not be applied to periods prior to adoption and the adoption had no impact on the Company's previously reported results. The Company elected the package of practical expedients permitted under the transition guidance within Topic 842, which allowed the Company to carry forward its identification of contracts that are or contain leases, its historical lease classification and its accounting for initial direct costs for existing leases. The impact of adopting Topic 842 was not material to the Company's result of operations or cash flows for the nine months ended September 30, 2019. The Company recognized operating lease liabilities of $178,365 upon adoption, with corresponding ROU assets on its balance sheet. See Note 7 for further details.
Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Issued Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, (Topic 326), Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments which amends the current accounting guidance and requires the use of the new forward-looking "expected loss" model, rather than the "incurred loss" model, which requires all expected losses to be determined based on historical experience, current conditions and reasonable and supportable forecasts. This guidance amends the accounting for credit losses for most financial assets and certain other instruments including trade and other receivables, held-to-maturity debt securities, loans and other instruments. ASU 2016-13 is effective for public entities for annual periods beginning after December 15, 2019, and interim periods within those annual periods. The Company is evaluating the impact of the adoption of ASU 2016-13 on its financial position and results of operations.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Schedule of lease expense	Classification Three Months Nine Months Operating lease cost G&A expense $ 16,107 $ 48,321 Net lease cost $ 16,107 $ 48,321
Schedule of balance sheet information related to leases	Classification September 30, Assets Operating lease ROU assets Right-of-use assets $ 136,460 Total leased assets $ 136,460 Liabilities Current portion Operating lease liabilities Current maturities of operating lease liabilities $ 57,890 Non-current portion Operating lease liabilities Long-term portion of operating lease liabilities 80,451 Total lease liabilities $ 138,341 Weighted average remaining lease term Operating leases 2.25 Weighted average discount rate Operating leases 5.5 %
Schedule of cash flow information related to leases	Nine Months Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 40,023 Right-of-use assets obtained in exchange for lease obligations: Operating leases 41,904
Schedule of future minimum lease payment under non-cancellable lease	Ending December 31, Operating Leases 2019 $ 15,480 2020 64,392 2021 66,972 2022 - Total lease payments 146,844 Less: Interest (8,503 ) Present value of lease liabilities $ 138,341

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Summary of Significant Accounting Policies (Textual)
Estimated useful lives, property and equipment, description	Over 5 or 7 years.
Depreciation expense	$ 6,459	$ 3,865
Operating lease liability	$ 138,341

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Income Taxes (Textual)
Net loss	$ (68,641)	$ (107,650)	$ (207,224)	$ (250,035)
Expiration date for tax operating loss carryforwards			Dec. 31, 2036
Deferred tax assets	$ 230,000		$ 230,000		$ 110,000
Effective tax rate			21.00%

Concentration of Risk (Details)

Concentration of Risk (Details) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Concentration of Risk (Textual)
FDIC's standard insurance amount	$ 250,000
Uninsured cash balances	$ 194,556	$ 415,490

Related Party Transactions (Det

Related Party Transactions (Details)	Feb. 01, 2017USD ($)ft²	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Related Party Transactions (Textual)
Rent expense		$ 0	$ 250
Mr. Liang [Member]
Related Party Transactions (Textual)
Balance of due to related party amount		300
Operating expense		$ 17,203
Chief Executive Officer [Member]
Related Party Transactions (Textual)
Subleased area | ft²	200
Monthly rent payments	$ 500
Lease renewable term	The term of the Office Lease is renewable from year-to-year, and was terminated on March 31, 2018.

Notes Receivable (Details)

Notes Receivable (Details) - USD ($)	Mar. 12, 2019	Mar. 06, 2018	Sep. 30, 2019	Jun. 26, 2019	Mar. 17, 2017	Sep. 30, 2019	Sep. 30, 2018
Notes Receivable (Textual)
Promissory note due date		Mar. 17, 2019
Promissory note monthly installment of interest amount						$ 1,650	$ 3,650
Land Transaction Agreement [Member] | Steven Zhi Qin [Member]
Notes Receivable (Textual)
Sold undeveloped land located in Desert Hot Spring					$ 283,333
Promissory note amount			$ 110,000		$ 310,000	$ 110,000
Promissory note due date	Jun. 30, 2019		Dec. 31, 2019	Sep. 30, 2019	Mar. 17, 2018
Promissory note interest rate					2.00%
Promissory note monthly installment of interest amount					$ 517
Promissory note description			The Company reached the fourth amendment with Steven Zhi Qi, pursuant to which the Company agreed and approved amendment of the Promissory Note to extend maturity date to December 31, 2019, and the remaining $110,000 will be due on December 31, 2019.

Leases (Details)

Leases (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 16,107	$ 48,321
Net lease cost	$ 16,107	$ 48,321

Leases (Details 1)

Leases (Details 1) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Assets
Operating lease ROU assets	$ 136,460
Total leased assets	136,460
Current portion
Operating lease liabilities	57,890
Non-current portion
Operating lease liabilities	80,451
Total lease liabilities	$ 138,341
Weighted average remaining lease term Operating leases	2 years 2 months 30 days
Weighted average discount rate Operating leases	5.50%

Leases (Details 2)

Leases (Details 2)	9 Months Ended
	Sep. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 40,023
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 41,904

Leases (Details 3)

Leases (Details 3)	Sep. 30, 2019USD ($)
Ending December 31,
2019	$ 15,480
2020	64,392
2021	66,972
2022
Total lease payments	146,844
Less: Interest	(8,503)
Present value of lease liabilities	$ 138,341

Leases (Details Textual)

Leases (Details Textual)	9 Months Ended
	Sep. 30, 2019USD ($)
Leases (Textual)
Measurement of lease liabilities- operating cash flows from operating lease	$ 15,480
Lease interest rate	5.50%
Lease term, description	12 months or less are not recorded on the balance sheet and lease expense is recognized on a straight-line basis over the lease term.
Remaining lease term, description	September 30, 2019 is 27 months.