Ezagoo Limited (EZOO) 10-Q 13 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 10, 2019
Cover [Abstract]
Entity Registrant Name	Ezagoo Ltd
Entity Central Index Key	0001752372
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		119,956,826
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 547,879	$ 795,618
Account receivables	2,101	47,916
Deposits paid, prepayments and other receivables	54,905	58,596
Total current assets	604,885	902,130
NON-CURRENT ASSETS
Plant and equipment, net	33,411	650
Deferred income tax assets	29
Operating lease right-of-use assets	61,062
TOTAL ASSETS	699,387	902,780
CURRENT LIABILITIES
Account payables	16,087	10,160
Other payables and accrued liabilities	42,326	58,198
Due to related parties	1,243,450	1,178,996
Due to a director	22,693	109,024
Income tax payable	4
Operating lease liabilities, current portion	58,119
Total current liabilities	1,382,679	1,356,378
NON-CURRENT LIABILITIES
Operating lease liabilities, net of current portion	9,934
TOTAL LIABILITIES	1,392,613	1,356,378
STOCKHOLDERS' DEFICIT
Preferred stock, $0.0001 par value, 200,000,000 shares authorized, None issued and outstanding
Common stock, $0.0001 par value, 600,000,000 shares authorized, 119,956,826 shares issued and outstanding as of September 30, 2019 and December 31, 2018 respectively	11,996	9,500
Additional paid-in capital	1,270,648	774,007
Accumulated other comprehensive income	75,043	56,550
Accumulated deficit	(2,050,913)	(1,293,655)
TOTAL STOCKHOLDERS' DEFICIT	(693,226)	(453,598)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 699,387	$ 902,780

Condensed Consolidated Balanc_2

Condensed Consolidated 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	200,000,000	200,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	600,000,000	600,000,000
Common shares, shares issued	119,956,826	119,956,826
Common shares, shares issued	119,956,826	119,956,826

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
REVENUES	$ 3,834	$ 6,337	$ 33,251	$ 21,796
Cost of revenues	(31,906)	(41,538)	(121,591)	(103,013)
Gross loss	(28,072)	(35,201)	(88,340)	(81,217)
OPERATING EXPENSES	(152,263)	(112,014)	(662,754)	(590,701)
LOSS FROM OPERATIONS	(180,335)	(147,215)	(751,094)	(671,918)
Other income (expense):
Non-operating income	59	6,580	59	6,580
Interest income (expense)	35	(334)	769	(656)
Total other expense	94	6,246	828	5,924
Net loss from operations	(180,241)	(140,969)	(750,266)	(665,994)
Net loss	(180,241)	(140,969)	(750,266)	(665,994)
Other comprehensive income/(loss):
- Foreign currency translation adjustment	8,733	47,155	18,493	48,874
COMPREHENSIVE LOSS	$ (171,508)	$ (93,814)	$ (731,773)	$ (617,120)
Net loss per share- Basic and diluted	$ (0.01)	$ (0.01)	$ (0.01)	$ (0.01)
Weighted Average Number of shares outstanding	107,158,454	49,515,011	107,158,454	49,515,011

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Losses [Member]	Total
Balance at Dec. 31, 2017		$ 39,368	$ (276,149)	$ 6,143	$ (230,638)
Balance, shares at Dec. 31, 2017
Shares issued for founder's shares	$ 9,500				9,500
Shares issued for founder's shares, shares	95,000,000
Additional paid in capital		3,893			3,893
Net loss			(665,994)		(665,994)
Other comprehensive loss				48,874	48,874
Balance at Sep. 30, 2018	$ 9,500	43,261	(942,143)	55,107	(834,365)
Balance, shares at Sep. 30, 2018	95,000,000
Balance at Jun. 30, 2018	$ 9,500	43,261	(801,174)	7,862	(740,551)
Balance, shares at Jun. 30, 2018	95,000,000
Net loss			(140,969)		(140,969)
Other comprehensive loss				47,155	47,155
Balance at Sep. 30, 2018	$ 9,500	43,261	(942,143)	55,107	(834,365)
Balance, shares at Sep. 30, 2018	95,000,000
Balance at Dec. 31, 2018	$ 9,500	774,007	(1,293,655)	56,550	(453,598)
Balance, shares at Dec. 31, 2018	95,000,000
Cumulative effect of adoption of new accounting principle					8,783
Balance at Jun. 30, 2019	$ 9,500	774,007	(1,872,463)	66,310	(1,022,646)
Balance, shares at Jun. 30, 2019	95,000,000
Balance at Dec. 31, 2018	$ 9,500	774,007	(1,293,655)	56,550	(453,598)
Balance, shares at Dec. 31, 2018	95,000,000
Cumulative effect of adoption of new accounting principle			(6,992)		(6,992)
Net loss			(750,266)		(750,266)
Other comprehensive loss				18,493	18,493
Issuance of common stocks	$ 2,496	496,641			499,137
Issuance of common stocks, shares	24,956,826
Balance at Sep. 30, 2019	$ 11,996	1,270,648	(2,050,913)	75,043	(693,226)
Balance, shares at Sep. 30, 2019	119,956,826
Balance at Jun. 30, 2019	$ 9,500	774,007	(1,872,463)	66,310	(1,022,646)
Balance, shares at Jun. 30, 2019	95,000,000
Cumulative effect of adoption of new accounting principle			1,791		1,791
Net loss			(180,241)		(180,241)
Other comprehensive loss				8,733	8,733
Issuance of common stocks	$ 2,496	496,641			499,137
Issuance of common stocks, shares	24,956,826
Balance at Sep. 30, 2019	$ 11,996	$ 1,270,648	$ (2,050,913)	$ 75,043	$ (693,226)
Balance, shares at Sep. 30, 2019	119,956,826

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (750,266)	$ (665,994)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation	4,022	405
Changes in operating assets and liabilities:
Share subscription receivables
Accounts receivable	44,293	(1,716)
Prepayments, deposits and other receivables	1,658	(56,255)
Receipts in advance	33,124
Deferred tax asset	(29)
Operating lease ROU assets	61,262
Operating lease liabilities	(68,277)
Accounts payable	6,302
Other payables and accrued liabilities	(47,018)	52,447
Net cash used in operating activities	(714,929)	(671,113)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment	(36,913)	(781)
Net cash used in investing activities	(36,913)	(781)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from share issuance	499,137	15,222
Advance from related parties	105,770	659,583
Advance to a director	(82,986)	(347)
Net cash provided by financing activities	521,921	674,458
Effect of exchange rate changes on cash and cash equivalents	(17,818)	(263)
Net change in cash and cash equivalents	(247,739)	2,300
Cash and cash equivalents, beginning of period	795,618	10,612
CASH AND CASH EQUIVALENTS, END OF PERIOD	547,879	12,912
SUPPLEMENTAL CASH FLOWS INFORMATION
Cash paid for income taxes
Cash paid for interest paid

Basis of Preparation

Basis of Preparation	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Preparation	NOTE 1 – BASIS OF PREPARATION The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial reporting and the rules and regulations of the Securities and Exchange Commission that permit reduced disclosure for interim periods. Therefore, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted. In the opinion of management, the consolidated balance sheet as of September 30, 2019 which has been derived from unaudited financial statements and these unaudited condensed consolidated financial statements reflect all normal and recurring adjustments considered necessary to state fairly the results for the periods presented. The results for the nine months ended September 30, 2019 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2019 or for any future period. These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Management’s Discussion and the audited financial statements and notes thereto included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2018

Organization and Business Backg

Organization and Business Background	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Organization and Business Background	NOTE 2 - ORGANIZATION AND BUSINESS BACKGROUND Ezagoo Limited, a Nevada corporation (“the Company”) was incorporated under the laws of the State of Nevada on May 9, 2018. On May 9, 2018 Tan, Xiaohao was appointed as President, Secretary, Treasurer, and Director of the Company. On May 9, 2018, our President, Tan, Xiaohao, purchased 90,050,500 shares of restricted common stock at a purchase price of $0.0001 (par value) per share. The proceeds from the sale, which were in the amount of $9,005 have gone directly to the Company for initial working capital. On June 30, 2018 Zhang, Qianwen and Greenpro Asia Strategic SPC- Greenpro Asia Strategic Fund SP purchased 3,591,000 and 1,358,500 shares of restricted common stock respectively at a purchase price of $0.0001 (par value) per share. The proceeds from the sale, which were in the amount of $495, have gone directly to the Company for initial working capital. On June 6, 2018 Ezagoo Holding Limited, a Seychelles Company, acquired Ezagoo Limited, A Hong Kong Company, in consideration of $0.13. Ezagoo Limited, a Nevada Company, acquired Ezagoo Holding Limited, a Seychelles Company, on June 25, 2018 in consideration of $1. Ezagoo Holding Limited is now a wholly owned subsidiary of the Company. On July 20, 2018, Ezagoo Limited, a Hong Kong Company, incorporated a new subsidiary in Changsha, China, called Changsha Ezagoo Technology Limited, whereas it is owned entirely (100%) by Ezagoo Limited, the Hong Kong Company. There was no consideration exchanged per the transaction. The three companies above are under common control Mr. Tan, Xiaohao, the director of the Company, so they are related parties. On July 20, 2018, Changsha Ezagoo Technology Limited, the Hong Kong Company, also referred to herein as “CETL”, entered into and consummated an agreement with Beijing Ezagoo Shopping Holding Limited, also referred to herein as “BESH”, and Ruiyin (Shenzhen) Financial Leasing Limited, also referred to herein as “RFLL”, whereas CETL has the option to purchase all of the equity interests of Hunan Ezagoo Zhicheng Internet Technology Limited, a Chinese, “PRC” Company, from RFLL and BESH. These equity interests would make up 100% of the equity interests of Hunan Ezagoo Zhicheng Internet Technology Limited. Hunan Ezagoo Zhicheng Internet Technology Limited is considered to be a variable interest entity, also referred to herein as a “VIE”, to Changsha Ezagoo Technology Limited, and therefore a VIE of the issuer, Ezagoo Limited, a Nevada Company. More information regarding this agreement can be found in exhibit 10.1, titled, “Call Option Agreement”. On July 20, 2018, CETL entered into and consummated an agreement with BESH and RFLL whereas BESH and RFLL have given CETL the right to appoint management of CETL to act as proxy to existing shareholders of Hunan Ezagoo Zhicheng Internet Technology Limited. This gives management of CETL the ability to conduct and control company affairs of Hunan Ezagoo Zhicheng Internet Technology Limited. Actions which management of CETL may be able to carry out include, but are not limited to, exercising voting rights as proxy of the existing shareholder(s), appointing new directors, hiring new management, and carrying out corporate actions. More information regarding this agreement can be found in exhibit 10.2, titled, “Shareholder’ Voting Rights Proxy Agreement.” On July 20, 2018 CETL entered into and consummated an agreement with BESH and RFLL whereas BESH and RFLL have engaged CETL to provide management, financial, and other business services to Hunan Ezagoo Zhicheng Internet Technology Limited. CETL is to be compensated with 100% of all profits generated by Hunan Ezagoo Zhicheng Internet Technology Limited. This Agreement is effective as of July 20, 2018 and will continue in effect for a period of ten (10) years (the “Initial Term”), and for succeeding periods of the same duration (each, “Subsequent Term”), until terminated by one of the following means either during the Initial Term or thereafter: Mutual Consent, Termination by CETL, Breach or Insolvency. Hunan Ezagoo Zhicheng Internet Technology Limited is considered to be a variable interest entity to Changsha Ezagoo Technology Limited, and therefore a VIE of the issuer, Ezagoo Limited, a Nevada Company. More information regarding this agreement can be found in exhibit 10.3, titled, “Management Services Agreement.” On July 20, 2018, CETL entered into and consummated an agreement with BESH and RFLL whereas BESH and RFLL have pledged their equity interests in Hunan Ezagoo Zhicheng Internet Technology Limited, to CETL. More information regarding this agreement can be found in exhibit 10.4, titled, “Equity Pledge Agreement.” On July 20, 2018, CETL entered into a loan agreement with BESH and RFLL wherein CETL will loan the amount of approximately CNY$100,000 (Chinese Yuan) to BESH and RFLL, all of which shall be used for the benefit of Hunan Ezagoo Zhicheng Internet Technology Limited. The total amount of the loan is due on, or before, December 31, 2018. More information regarding this agreement can be found in exhibit 10.5, titled, “Loan Agreement.” Hunan Ezagoo Zhicheng Internet Technology Limited is the company through which we operate, and which shares our business plan to provide video advertising on buses. On July 31, 2018 Xin Yang was appointed Chief Financial Officer of the Company.

Going Concern Uncertainties

Going Concern Uncertainties	9 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern Uncertainties	NOTE 3 - GOING CONCERN UNCERTAINTIES The accompanying financial statements have been prepared using the going concern basis of accounting, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As of September 30, 2019, the Company suffered an accumulated deficit of $2,043,921 and continuously incurred a net operating loss of $750,266 for the nine months ended September 30, 2019. The continuation of the Company as a going concern through December 31, 2019 is dependent upon improving the profitability and the continuing financial support from its stockholders. Management believes the existing shareholders or external financing will provide the additional cash to meet the Company’s obligations as they become due. These consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company expects to finance its operations primarily through cash flow from revenue and continuing financial support from a shareholder. In the event that we require additional funding to finance the growth of the Company’s current and expected future operations as well as to achieve our strategic objectives, the shareholder has indicated the intent and ability to provide additional financing. No assurance can be given that any future financing, if needed, will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stock holders, in the case of equity financing. These and other factors raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result in the Company not being able to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying unaudited condensed consolidated financial statements reflect the application of certain significant accounting policies as described in this note and elsewhere in the accompanying consolidated financial statements and notes. ● Basis of presentation The accompanying condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). ● Basis of consolidation The condensed consolidated financial statements include the accounts of Ezagoo Limited and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation. ● Use of estimates In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the periods reported. Actual results may differ from these estimates. ● Cash and cash equivalents The company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. ● Plant and equipment Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational: Categories Estimated useful life Residual value Office equipment 3 years - Expenditures for maintenance and repairs are expensed as incurred. ● Accounts receivable Accounts receivable are recorded at the invoiced amount and do not bear interest. Management reviews the adequacy of the allowance for doubtful accounts on an ongoing basis, using historical collection trends and aging of receivables. Management also periodically evaluates individual customer’s financial condition, credit history, and the current economic conditions to make adjustments in the allowance when it is considered necessary. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. ● Revenue recognition Effective January 1, 2018, the Company adopted the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. The implementation of ASC 606 did not have a material impact on the Company’s consolidated financial statements. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients. The Company’s revenue mainly from providing advertising services (“service revenue”). ● Cost of revenue Cost of revenue includes bus media terminal rental fees, bus monitors maintenance fees, bus screen installation fees and internet data fees. ● Income taxes The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” ASC Topic 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC Topic 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company did not have any unrecognized tax positions or benefits and there was no effect on the financial conditions or results of operations for the nine months ended September 30, 2019. The Company conducts major businesses in Hong Kong and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority. ● Imputed Interest The Company owned director and related parties some loans which are unsecured, interest-free with no fixed payment term, for working capital purpose. Imputed interest is considered insignificant. ● Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260 “Earnings per share” ● Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations and comprehensive income. The reporting currency of the Company is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. In addition, the Company’s subsidiary in People’s Republic of China maintains its books and record in its local currency, Chinese Yuan (“CNY”), which is functional currency as being the primary currency of the economic environment in which the entity operates. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statements of stockholders’ equity. Translation of amounts from CNY into US$1 has been made at the following exchange rates for the respective periods: As of and for the 2019 2018 Period-end CNY: US$1 exchange rate 7.14 6.85 Period-average CNY: US$1 exchange rate 7.11 6.45 Period-end HK$: US$1 exchange rate 7.84 7.80 Period-average HK$: US$1 exchange rate 7.84 7.80 ● Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence. ● Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, accounts receivable, deposits and other receivables, accounts payable, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. The Company follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” Level 1 Level 2 Level 3 Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. ● Lease In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases, which was subsequently amended in 2018 by ASU 2018-10, ASU 2018-11 and ASU 2018-20 (collectively, Topic 842). Topic 842 will require the recognition of a right-of-use asset and a corresponding lease liability, initially measured at the present value of the lease payments, for all leases with terms longer than 12 months. For operating leases, the asset and liability will be expensed over the lease term on a straight-line basis, with all cash flows included in the operating section of the statement of cash flows. For finance leases, interest on the lease liability will be recognized separately from the amortization of the right-of-use asset in the statement of comprehensive income and the repayment of the principal portion of the lease liability will be classified as a financing activity while the interest component will be included in the operating section of the statement of cash flows. Topic 842 is effective for annual and interim reporting periods beginning after December 15, 2018. Early adoption is permitted. Upon adoption, leases will be recognized and measured at the beginning of the earliest period presented using a modified retrospective approach. Topic 842 allows for a cumulative-effect adjustment in the period the new lease standard is adopted and will not require restatement of prior periods. Prior to January 1, 2019, the Company accounted for leases under ASC 840, Accounting for Leases. Effective January 1, 2019, the Company adopted the guidance of ASC 842, Leases, which requires an entity to recognize a right-of-use asset and a lease liability for virtually all leases. The Company adopted ASC 842 using a modified retrospective approach. As a result, the comparative financial information has not been updated and the required disclosures prior to the date of adoption have not been updated and continue to be reported under the accounting standards in effect for those periods. The adoption of ASC 842 on January 1, 2019 resulted in the recognition of operating lease right-of-use assets of $76,255, lease liabilities for operating leases of $85,039, and $8,783 adjustment to accumulated deficit as of June 30,2019. See Note 14 for further information regarding the impact of the adoption of ASC 842 on the Company’s financial statements. ● Recent accounting pronouncements In January 2017, the FASB issued ASU 2017-04, “Intangibles — Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which simplifies how an entity is required to test goodwill for impairment by eliminating step two from the goodwill impairment test. Step two of the goodwill impairment test measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with its carrying amount. The new guidance is effective prospectively for us for the year ending March 31, 2021 and interim reporting periods during the year ending March 31, 2021. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We are evaluating the effects, if any, of the adoption of this guidance on our financial position, results of operations and cash flows. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement. The new guidance modifies disclosure requirements related to fair value measurement. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Implementation on a prospective or retrospective basis varies by specific disclosure requirement. Early adoption is permitted. The standard also allows for early adoption of any removed or modified disclosures upon issuance of this ASU while delaying adoption of the additional disclosures until their effective date.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment	NOTE 5 - PROPERTY AND EQUIPMENT As of September 30, 2019 December 31, 2018 (unaudited) (audited) Office equipment $ 39,992 $ 3,315 Accumulated depreciation (6,581 ) (2,665 ) Property and equipment, net $ 33,411 $ 650 Depreciation expense, classified as operating expenses, was $4,022 and $381 for the nine months ended September 30, 2019 and September 30, 2018, respectively. Accumulated depreciation for the nine months ended September 30, 2019 and September 30, 2018 were $6,581 and $2,665 respectively.

Account Receivables, Net

Account Receivables, Net	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Account Receivables, Net	NOTE 6 - ACCOUNT RECEIVABLES, NET As of September 30, 2019, and December 31,2018, our account receivables are $2,101 and $47,916, respectively. Account receivables allowance is 0 as of September 30,2019 and December 31,2018.

Related Party Receivable

Related Party Receivable	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Receivable	NOTE 7 - RELATED PARTY RECEIVABLE As of September 30, 2019 December 31, 2018 (unaudited) (audited) Receivable from Related Party A - 14,285 Total receivables from related party $ - $ 14,285 Related party A is Hunan Ezagoo Joyful Vehicles International Travelling Development Limited, Ms. Weihong Wan, Assistant and Secretary of Mr. Xiaohao Tan, owns 1% of this company, and is the Legal Company Representative of this company. As of September 30, 2019, the Company loaned $0 to Related Party A as working capital, which is unsecured, interest-free with no fixed payment term. The company collected from Related Party A in May 2019.

Prepaid Expenses and Other Rece

Prepaid Expenses and Other Receivables	9 Months Ended
	Sep. 30, 2019
Prepaid Expense and Other Assets [Abstract]
Prepaid Expenses and Other Receivables	NOTE 8 - PREPAID EXPENSES AND OTHER RECEIVABLES Prepaid expenses and other receivables consisted of the following at September 30, 2019 and December 31, 2018 As of September 30, 2019 December 31, 2018 (unaudited) (audited) Prepaid expenses $ 54,905 $ 38,622 Other receivables - 5,689 Total prepaid expenses and other receivables $ 54,905 $ 44,311 As of December 31, 2018, the balance $44,311 represented an outstanding prepaid expense and other receivables which included social security fee, bus monitors maintenance fee, management fee and employee receivables. As of September 30, 2019, the balance $54,905 represented outstanding prepaid expenses which included social security fee, bus monitors maintenance fee, and management fee.

Account Payables

Account Payables	9 Months Ended
	Sep. 30, 2019
Payables and Accruals [Abstract]
Account Payables	NOTE 9 - ACCOUNT PAYABLES Accounts payable consists of the following: As of September 30, 2019 December 31, 2018 (unaudited) (audited) Account payables $ 16,087 $ 10,160 Total $ 16,087 $ 10,160 The account payables balance of $16,087 includes $13,043 payables to a vendor for bus screen terminal platform fee. It was expected to be paid in the fourth quarter in 2019.

Due to Related Parties

Due to Related Parties	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Due to Related Parties	NOTE 10 - DUE TO RELATED PARTIES As of September 30, 2019 December 31, 2018 (unaudited) (audited) Amount due to related party B $ 208,598 $ 216,116 Amount due to related party C 22,581 23,395 Amount due to related party D 15,409 15,965 Amount due to related party E 119,823 123,901 Amount due to related party F 512,582 436,718 Amount due to related party G 255,295 263,542 Amount due to related party H 32,881 34,067 Amount due to related party I (26 ) 1,431 Amount due to related party J 21,013 21,771 Amount due to related party K 40,626 42,090 Amount due to related party L $ 14,668 - Total 1,243,450 1,178,996 Related party B is Hunan Ezagoo Shopping Co. Ltd., Mr. Xiaohao Tan owns 2.4% of this company, and is the Legal Company Representative of this company. For the nine months ended September 30,2019 and the years ended December 31, 2018 Related party C is Ms. Weihong Wan, Assistant and Secretary of Mr. Xiaohao Tan. Ms. Weihong Wan is a shareholder and Legal Company Representative of Ruiyin (Shenzhen) Financial Leasing Limited, which is a shareholder of Hunan Ezagoo Zhicheng Internet Technology Limited. For the nine months ended September 30,2019 and the years ended December 31, 2018 Related party D is Ms. Qianwen Zhang, spouse of Mr. Xiaohao Tan, a director of the Company. Ms. Qianwen Zhang is the Legal Company Representative of Hunan Ezagoo Internet Technology Limited. For the nine months ended September 30,2019 and the years ended December 31, 2018, related party D advanced $15,409 and $15,965 to the company as working capital, which is unsecured, interest-free with no fixed payment term, for working capital purpose. Related party E is Changsha Kexibeier E-commerce Limited, 98% of its equity is owned by Mr. Xiaohao Tan, a director of the Company. For the nine months ended June 30, 2019 and the years ended December 31, 2018, related party E advanced $119,823 and $123,901 to the company as working capital, which is unsecured, interest-free with no fixed payment term, for working capital purpose. Related party F is Hunan Homestead Asset Management Co. Ltd., a shareholder of Beijing Ezagoo Shopping Holding Limited, which is a shareholder of Hunan Ezagoo Internet Technology Limited. For the nine months ended September 30, 2019 and the years ended December 31, 2018, related party F advanced $512,582 and $436,718 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose. Related party G is Kuaile Motors Camping Site Investment Development Limited. One of the shareholders of Hunan Ezagoo Zhicheng Internet Technology Limited, Beijing Ezagoo Shopping Holding Limited owns 92% of Hunan Kuaile Motors Camping Site Investment Development Limited. Ms. Qianwen Zhang, spouse of Mr. Xiaohao Tan owns 8% of Hunan Kuaile Motors Camping Site Investment Development Limited and is the Legal Company Representative of this company. For the nine months ended September 30,2019 and the years ended December 31, 2018, related party G advanced $255,295 and $263,542 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose. Related party H is Hunan Yijiaren Hotel Limited. One of the shareholders of Hunan Ezagoo Zhicheng Internet Technology Limited, Beijing Ezagoo Shopping Holding Limited owns 90% of Hunan Yijiaren Hotel Limited, and Ms. Qianwen Zhang, spouse of Mr. Xiaohao Tan owns 10% of this company. For the nine months ended September 30, 2019 and the years ended December 31, 2018, related party H advanced $32,881 and $34,067 to the company as working capital, which is unsecured, interest-free with no fixed payment term, for working capital purpose. Related party I is Hunan Bright Lionrock Mountain Resort Limited. Beijing Ezagoo Industrial Development Group Holding Limited, formerly named Beijing Ezagoo Shopping Holding Limited, which is a shareholder of Hunan Ezagoo Zhicheng Internet Technology Limited, owns 80% of Hunan Bright Lionrock Mountain Resort Limited. Mr. Xiao Hao Tan is the Legal Company Representative of this company. For the nine months ended September 30, 2019 Ezagoo Limited advanced $26 to related party I, and the years ended December 31, 2018 related party I advanced $1,431 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose. Related party J is Beijing Ezagoo Industrial Development Group Holding Limited, formerly named Beijing Ezagoo Shopping Holding Limited. It is a shareholder of Hunan Ezagoo Zhicheng Internet Technology Limited. For the nine months ended September 30,2019 and the years ended December 31, 2018 related party J advanced $21,013 and $21,771 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose. Related party K is Ruiyin (Shenzhen) Financial Leasing Limited, which is a shareholder of Hunan Ezagoo Zhicheng Internet Technology Limited. Weihong Wan, Assistant and Secretary of Xiaohao Tan, is a shareholder and Legal Company Representative of related party K. For the nine months ended September 30, 2019 and the years ended December 31, 2018 related party K advanced $40,626 and $42,090 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose. Related party L is Ezagoo B&R(HongKong) Industry Development Group Limited, which is a shareholder of Hunan Ezagoo Zhicheng Internet Technology Limited, owns 100% of Ezagoo B&R(HongKong) Industry Development Group Limited. Mr. Xiao Hao Tan is the Legal Company Representative of this company. For the nine months ended September 30, 2019 and the years ended December 31, 2018 related party L advanced $14,668 and $0 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose. The imputed interest for above loans is immaterial.

Due to Director

Due to Director	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Due to Director	NOTE 11 - DUE TO DIRECTOR For the nine months ended September 30, 2019 and the years ended December 31, 2018, a director of the Company advanced $22,693 and $109,024 to the Company, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Concentrations of Risk

Concentrations of Risk	9 Months Ended
	Sep. 30, 2019
Risks and Uncertainties [Abstract]
Concentrations of Risk	NOTE 12 - CONCENTRATIONS OF RISK (a) Major customers For the nine months ended September 30, 2019, the customers who accounted for more than 10% of the Company’s revenues and the accounts receivable balances at period-end are presented as follows: For the nine months ended As of Revenues Percentage of Accounts Customer A $ 22,347 68 % $ - Customer B 4,968 15 % - Total: $ 27,315 83 % $ - For the nine months ended September 30, 2018, the customers who accounted for more than 10% of the Company’s revenues and the accounts receivable balances at period-end are presented as follows: For the nine months ended As of Revenues Percentage of Accounts Customer C $ 9,873 45 % - Customer D 2,779 13 % $ - Customer E 4,095 19 % - Total: $ 13,146 77 % $ - (b) Major vendors For the six months ended September 30, 2019, the vendors who accounted for 10% or more of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows: For the three months ended As of Purchases Percentage of Accounts Vendor A $ 30,510 26 % - Vendor B 37,948 35 % 12,608 Vendor C 14,942 13 % - Total: $ 83,400 74 % 12,608 For the six months ended September 30, 2018, the vendors who accounted for 10% or more of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows: For the three months ended As of Purchases Percentage of Accounts Vendor C $ 25,116 24 % 13,023 Vendor D $ 56,214 55 % 6,102 Total: $ 81,330 79 % 20,292 (c) Credit risk Financial instruments that are potentially subject to credit risk consist principally of accounts receivable. The Company believes the concentration of credit risk in its accounts receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.

Operating Lease

Operating Lease	9 Months Ended
	Sep. 30, 2019
Lessee Disclosure [Abstract]
Operating Lease	NOTE - 13 OPERATING LEASE The Company has an operating lease agreement for the office space with lease terms of 3 years. The Company does not have any other leases. Leases with an initial term of 12 months or less are not recorded on the balance sheet. The Company accounts for the lease and non-lease components of its leases as a single lease component. Lease expense is recognized on a straight-line basis over the lease term Operating lease right-of-use (“ROU”) assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Generally, the implicit rate of interest in arrangements is not readily determinable and the Company utilizes its incremental borrowing rate in determining the present value of lease payments. The Company’s incremental borrowing rate is a hypothetical rate based on its understanding of what its credit rating would be. The operating lease ROU asset includes any lease payments made and excludes lease incentives. This standard did not have a significant impact on our liquidity or on our compliance with our financial covenants associated with our loans. The components of lease expense and supplemental cash flow information related to leases for the period are as follows: (a) Rent expenses For nine months ended September 30, 2019, the Company has incurred rent expenses solely for the office premises on a monthly basis as follows: Nine Months Ended Lease Cost Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations) $ 40,586 Other Information Cash paid for amounts included in the measurement of lease liabilities for the third quarter 2019 $ 44,947 Weighted average remaining lease term – operating leases (in years) 1.17 Average discount rate – operating leases 4.35 % The supplemental balance sheet information related to leases for the period is as follows: Operating leases Right-of-use assets $ 61,062 Total operating lease assets $ 61,062 Short-term operating lease liabilities $ 58,119 Long-term operating lease liabilities $ 9,934 Total operating lease liabilities $ 68,053 Maturities of the Company’s lease liabilities are as follows: Year ending September 30, Operating 2019 (remaining 3 months) 14,982 2020 54,936 Total lease payments 69,918 Less: Imputed interest/present value discount (1,865 ) Present value of lease liabilities 68,053 Lease expenses were $40,586 and $0 during the nine months ended September 30, 2019 and 2018, respectively.

Common Stock

Common Stock	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Common Stock	NOTE 14 – COMMON STOCK During the 3 months ended September 30, 2019, the Company sold 24,956,826 shares of the Company’s common stock in IPO stage to the public for $499,137. The transaction was structured as a capital stock subscription.

Additional Paid-in Capital - Ca

Additional Paid-in Capital - Capital Contribution	9 Months Ended
	Sep. 30, 2019
Additional Paid-in Capital - Capital Contribution
Additional Paid-in Capital - Capital Contribution	NOTE 15 – ADDITIONAL PAID-IN CAPITAL – CAPITAL CONTRIBUTION As of September 30, 2019, the Company has a total additional paid-in capital - capital contribution balance of $1,270,648. It includes $1,222,330 capital contribution from related party J and $8,950 for service contracts where the performance obligation is not able to recognize, capital contribution is recorded for any payments received in 2018 and $39,368 capital contribution as the performance obligation is not able to recognize in 2017. Related party J is Beijing Ezagoo Industrial Development Group Holding Limited, formerly named Beijing Ezagoo Shopping Holding Limited. It is a shareholder of Hunan Ezagoo Zhicheng Internet Technology Limited.

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 condensed consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”).
Basis of Consolidation	● Basis of consolidation The condensed consolidated financial statements include the accounts of Ezagoo Limited and its subsidiaries. All significant inter-company balances and transactions within the Company have been eliminated upon consolidation.
Use of Estimates	● Use of estimates In preparing these condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheets and revenues and expenses during the periods reported. Actual results may differ from these estimates.
Cash and Cash Equivalents	● Cash and cash equivalents The company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.
Plant and Equipment	● Plant and equipment Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational: Categories Estimated useful life Residual value Office equipment 3 years - Expenditures for maintenance and repairs are expensed as incurred.
Accounts Receivable	● Accounts receivable Accounts receivable are recorded at the invoiced amount and do not bear interest. Management reviews the adequacy of the allowance for doubtful accounts on an ongoing basis, using historical collection trends and aging of receivables. Management also periodically evaluates individual customer’s financial condition, credit history, and the current economic conditions to make adjustments in the allowance when it is considered necessary. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote.
Revenue Recognition	● Revenue recognition Effective January 1, 2018, the Company adopted the guidance of Accounting Standards Codification (ASC) 606, Revenue from Contracts. The implementation of ASC 606 did not have a material impact on the Company’s consolidated financial statements. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients. The Company’s revenue mainly from providing advertising services (“service revenue”).
Cost of Revenue	● Cost of revenue Cost of revenue includes bus media terminal rental fees, bus monitors maintenance fees, bus screen installation fees and internet data fees.
Income Taxes	● Income taxes The provision of income taxes is determined in accordance with the provisions of ASC Topic 740, “Income Taxes” ASC Topic 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to be taken on a tax return. Under ASC Topic 740, tax positions must initially be recognized in the financial statements when it is more likely than not the position will be sustained upon examination by the tax authorities. Such tax positions must initially and subsequently be measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon ultimate settlement with the tax authority assuming full knowledge of the position and relevant facts. The Company did not have any unrecognized tax positions or benefits and there was no effect on the financial conditions or results of operations for the nine months ended September 30, 2019. The Company conducts major businesses in Hong Kong and is subject to tax in this jurisdiction. As a result of its business activities, the Company will file tax returns that are subject to examination by the foreign tax authority.
Imputed Interest	● Imputed Interest The Company owned director and related parties some loans which are unsecured, interest-free with no fixed payment term, for working capital purpose. Imputed interest is considered insignificant.
Net Loss Per Share	● Net loss per share The Company calculates net loss per share in accordance with ASC Topic 260 “Earnings per share”
Foreign Currencies Translation	● Foreign currencies translation Transactions denominated in currencies other than the functional currency are translated into the functional currency at the exchange rates prevailing at the dates of the transaction. Monetary assets and liabilities denominated in currencies other than the functional currency are translated into the functional currency using the applicable exchange rates at the balance sheet dates. The resulting exchange differences are recorded in the statements of operations and comprehensive income. The reporting currency of the Company is United States Dollars (“US$”) and the accompanying financial statements have been expressed in US$. In addition, the Company’s subsidiary in People’s Republic of China maintains its books and record in its local currency, Chinese Yuan (“CNY”), which is functional currency as being the primary currency of the economic environment in which the entity operates. In general, for consolidation purposes, assets and liabilities of its subsidiaries whose functional currency is not US$ are translated into US$, in accordance with ASC Topic 830-30, “Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income within the statements of stockholders’ equity. Translation of amounts from CNY into US$1 has been made at the following exchange rates for the respective periods: As of and for the 2019 2018 Period-end CNY: US$1 exchange rate 7.14 6.85 Period-average CNY: US$1 exchange rate 7.11 6.45 Period-end HK$: US$1 exchange rate 7.84 7.80 Period-average HK$: US$1 exchange rate 7.84 7.80
Related Parties	● Related parties Parties, which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also considered to be related if they are subject to common control or common significant influence.
Fair Value of Financial Instruments	● Fair value of financial instruments The carrying value of the Company’s financial instruments: cash and cash equivalents, accounts receivable, deposits and other receivables, accounts payable, other payables and accrued liabilities approximate at their fair values because of the short-term nature of these financial instruments. The Company follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” Level 1 Level 2 Level 3 Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.
Lease	● Lease In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-02, Leases, which was subsequently amended in 2018 by ASU 2018-10, ASU 2018-11 and ASU 2018-20 (collectively, Topic 842). Topic 842 will require the recognition of a right-of-use asset and a corresponding lease liability, initially measured at the present value of the lease payments, for all leases with terms longer than 12 months. For operating leases, the asset and liability will be expensed over the lease term on a straight-line basis, with all cash flows included in the operating section of the statement of cash flows. For finance leases, interest on the lease liability will be recognized separately from the amortization of the right-of-use asset in the statement of comprehensive income and the repayment of the principal portion of the lease liability will be classified as a financing activity while the interest component will be included in the operating section of the statement of cash flows. Topic 842 is effective for annual and interim reporting periods beginning after December 15, 2018. Early adoption is permitted. Upon adoption, leases will be recognized and measured at the beginning of the earliest period presented using a modified retrospective approach. Topic 842 allows for a cumulative-effect adjustment in the period the new lease standard is adopted and will not require restatement of prior periods. Prior to January 1, 2019, the Company accounted for leases under ASC 840, Accounting for Leases. Effective January 1, 2019, the Company adopted the guidance of ASC 842, Leases, which requires an entity to recognize a right-of-use asset and a lease liability for virtually all leases. The Company adopted ASC 842 using a modified retrospective approach. As a result, the comparative financial information has not been updated and the required disclosures prior to the date of adoption have not been updated and continue to be reported under the accounting standards in effect for those periods. The adoption of ASC 842 on January 1, 2019 resulted in the recognition of operating lease right-of-use assets of $76,255, lease liabilities for operating leases of $85,039, and $8,783 adjustment to accumulated deficit as of June 30,2019. See Note 14 for further information regarding the impact of the adoption of ASC 842 on the Company’s financial statements.
Recent Accounting Pronouncements	● Recent accounting pronouncements In January 2017, the FASB issued ASU 2017-04, “Intangibles — Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” which simplifies how an entity is required to test goodwill for impairment by eliminating step two from the goodwill impairment test. Step two of the goodwill impairment test measures a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with its carrying amount. The new guidance is effective prospectively for us for the year ending March 31, 2021 and interim reporting periods during the year ending March 31, 2021. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We are evaluating the effects, if any, of the adoption of this guidance on our financial position, results of operations and cash flows. In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement. The new guidance modifies disclosure requirements related to fair value measurement. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Implementation on a prospective or retrospective basis varies by specific disclosure requirement. Early adoption is permitted. The standard also allows for early adoption of any removed or modified disclosures upon issuance of this ASU while delaying adoption of the additional disclosures until their effective date.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Schedule of Plant and Equipment Expected Useful lives	Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational: Categories Estimated useful life Residual value Office equipment 3 years -
Schedule of Foreign Currency Translation of Exchange Rates	Translation of amounts from CNY into US$1 has been made at the following exchange rates for the respective periods: As of and for the 2019 2018 Period-end CNY: US$1 exchange rate 7.14 6.85 Period-average CNY: US$1 exchange rate 7.11 6.45 Period-end HK$: US$1 exchange rate 7.84 7.80 Period-average HK$: US$1 exchange rate 7.84 7.80

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	As of September 30, 2019 December 31, 2018 (unaudited) (audited) Office equipment $ 39,992 $ 3,315 Accumulated depreciation (6,581 ) (2,665 ) Property and equipment, net $ 33,411 $ 650

Related Party Receivable (Table

Related Party Receivable (Tables)	9 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Schedule of Related Party Receivable	As of September 30, 2019 December 31, 2018 (unaudited) (audited) Receivable from Related Party A - 14,285 Total receivables from related party $ - $ 14,285

Prepaid Expenses and Other Re_2

Prepaid Expenses and Other Receivables (Tables)	9 Months Ended
	Sep. 30, 2019
Prepaid Expense and Other Assets [Abstract]
Schedule of Prepaid Expenses and Other Receivables	Prepaid expenses and other receivables consisted of the following at September 30, 2019 and December 31, 2018 As of September 30, 2019 December 31, 2018 (unaudited) (audited) Prepaid expenses $ 54,905 $ 38,622 Other receivables - 5,689 Total prepaid expenses and other receivables $ 54,905 $ 44,311

Account Payables (Tables)

Account Payables (Tables)	9 Months Ended
	Sep. 30, 2019
Payables and Accruals [Abstract]
Schedule of Accounts Payable	Accounts payable consists of the following: As of September 30, 2019 December 31, 2018 (unaudited) (audited) Account payables $ 16,087 $ 10,160 Total $ 16,087 $ 10,160

Due to Related Parties (Tables)

Due to Related Parties (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Due to Related Parties	As of September 30, 2019 December 31, 2018 (unaudited) (audited) Amount due to related party B $ 208,598 $ 216,116 Amount due to related party C 22,581 23,395 Amount due to related party D 15,409 15,965 Amount due to related party E 119,823 123,901 Amount due to related party F 512,582 436,718 Amount due to related party G 255,295 263,542 Amount due to related party H 32,881 34,067 Amount due to related party I (26 ) 1,431 Amount due to related party J 21,013 21,771 Amount due to related party K 40,626 42,090 Amount due to related party L $ 14,668 - Total 1,243,450 1,178,996

Concentrations of Risk (Tables)

Concentrations of Risk (Tables)	9 Months Ended
	Sep. 30, 2019
Risks and Uncertainties [Abstract]
Schedule of Major Customers and Major Vendors	(a) Major customers For the nine months ended September 30, 2019, the customers who accounted for more than 10% of the Company’s revenues and the accounts receivable balances at period-end are presented as follows: For the nine months ended As of Revenues Percentage of Accounts Customer A $ 22,347 68 % $ - Customer B 4,968 15 % - Total: $ 27,315 83 % $ - For the nine months ended September 30, 2018, the customers who accounted for more than 10% of the Company’s revenues and the accounts receivable balances at period-end are presented as follows: For the nine months ended As of Revenues Percentage of Accounts Customer C $ 9,873 45 % - Customer D 2,779 13 % $ - Customer E 4,095 19 % - Total: $ 13,146 77 % $ - (b) Major vendors For the six months ended September 30, 2019, the vendors who accounted for 10% or more of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows: For the three months ended As of Purchases Percentage of Accounts Vendor A $ 30,510 26 % - Vendor B 37,948 35 % 12,608 Vendor C 14,942 13 % - Total: $ 83,400 74 % 12,608 For the six months ended September 30, 2018, the vendors who accounted for 10% or more of the Company’s cost of revenues and its accounts payable balance at period-end are presented as follows: For the three months ended As of Purchases Percentage of Accounts Vendor C $ 25,116 24 % 13,023 Vendor D $ 56,214 55 % 6,102 Total: $ 81,330 79 % 20,292

Operating Lease (Tables)

Operating Lease (Tables)	9 Months Ended
	Sep. 30, 2019
Lessee Disclosure [Abstract]
Schedule of Lease Cost and Other Information Related to Operating Leases	For nine months ended September 30, 2019, the Company has incurred rent expenses solely for the office premises on a monthly basis as follows: Nine Months Ended Lease Cost Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations) $ 40,586 Other Information Cash paid for amounts included in the measurement of lease liabilities for the third quarter 2019 $ 44,947 Weighted average remaining lease term – operating leases (in years) 1.17 Average discount rate – operating leases 4.35 %
Schedule of Supplemental Balance Sheet Information Related to Leases	The supplemental balance sheet information related to leases for the period is as follows: Operating leases Right-of-use assets $ 61,062 Total operating lease assets $ 61,062 Short-term operating lease liabilities $ 58,119 Long-term operating lease liabilities $ 9,934 Total operating lease liabilities $ 68,053
Schedule of Maturities of Lease Liabilities	Maturities of the Company’s lease liabilities are as follows: Year ending September 30, Operating 2019 (remaining 3 months) 14,982 2020 54,936 Total lease payments 69,918 Less: Imputed interest/present value discount (1,865 ) Present value of lease liabilities 68,053

Organization and Business Bac_2

Organization and Business Background (Details Narrative)	Jul. 20, 2018CNY (¥)	Jun. 30, 2018USD ($)$ / sharesshares	May 09, 2018USD ($)$ / sharesshares	Sep. 30, 2019$ / shares	Dec. 31, 2018$ / shares	Jun. 25, 2018$ / shares	Jun. 06, 2018$ / shares
Common stock, par value				$ 0.0001	$ 0.0001
Hunan Ezagoo Zhicheng Internet Technology Limited [Member]
Variable interest entity, ownership percentage	100.00%
Ezagoo Limited [Member]
Consideration price per share							$ 0.13
Ezagoo Holding Limited [Member]
Consideration price per share						$ 1
Changsha Ezagoo Technology Limited [Member]
Equity method investment, ownership percentage	100.00%
Changsha Ezagoo Technology Limited [Member] | Management Services Agreement [Member]
Agreement, description	On July 20, 2018 CETL entered into and consummated an agreement with BESH and RFLL whereas BESH and RFLL have engaged CETL to provide management, financial, and other business services to Hunan Ezagoo Zhicheng Internet Technology Limited. CETL is to be compensated with 100% of all profits generated by Hunan Ezagoo Zhicheng Internet Technology Limited. This Agreement is effective as of July 20, 2018 and will continue in effect for a period of ten (10) years (the "Initial Term"), and for succeeding periods of the same duration (each, "Subsequent Term"), until terminated by one of the following means either during the Initial Term or thereafter: Mutual Consent, Termination by CETL, Breach or Insolvency.
Profit percentage	1
Agreement effective date	Jul. 20, 2018
Agreement period	10 years
Changsha Ezagoo Technology Limited [Member] | Loan Agreement [Member]
Loans, due date	Dec. 31, 2018
Restricted Common Stock [Member] | Greenpro Asia Strategic SPC [Member]
Number of share issued | shares		1,358,500
Common stock, par value		$ 0.0001
CNY [Member] | Changsha Ezagoo Technology Limited [Member] | Loan Agreement [Member]
Loans receivable, related parties | ¥	¥ 100,000
Tan Xiaohao [Member] | Restricted Common Stock [Member]
Number of share issued | shares			90,050,500
Proceeds from sale of stock | $			$ 9,005
Common stock, par value			$ 0.0001
Zhang Qianwen [Member] | Restricted Common Stock [Member]
Number of share issued | shares		3,591,000
Common stock, par value		$ 0.0001
Zhang Qianwen [Member] | Restricted Common Stock [Member] | Greenpro Asia Strategic SPC [Member]
Proceeds from sale of stock | $		$ 495

Going Concern Uncertainties (De

Going Concern Uncertainties (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (2,050,913)		$ (2,050,913)		$ (1,293,655)
Net operating loss	$ (180,241)	$ (140,969)	$ (750,266)	$ (665,994)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended	9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Sep. 30, 2019	Jan. 02, 2019	Dec. 31, 2018
Operating lease right-of-use assets	$ 61,062		$ 61,062
Lease liabilities for operating leases	68,053		68,053
Adjustment to accumulated deficit	$ 1,791	$ 8,783	$ (6,992)
ASC 842 [Member]
Operating lease right-of-use assets				$ 76,255
Lease liabilities for operating leases				$ 85,039

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Plant and Equipment Expected Useful lives (Details) - Office Equipment [Member]	9 Months Ended
	Sep. 30, 2019USD ($)
Plant and equipment, estimated useful life	3 years
Plant and equipment, residual value

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Foreign Currency Translation of Exchange Rates (Details)	Sep. 30, 2019	Sep. 30, 2018
Period-End [Member] | CNY [Member]
Foreign currency exchange rate	7.14	6.85
Period-End [Member] | HK [Member]
Foreign currency exchange rate	7.84	7.80
Period-Average [Member] | CNY [Member]
Foreign currency exchange rate	7.11	6.45
Period-Average [Member] | HK [Member]
Foreign currency exchange rate	7.84	7.80

Property and Equipment (Details

Property and Equipment (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 4,022	$ 405
Accumulated depreciation	$ 6,581	$ 2,665	$ 2,665

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Accumulated depreciation	$ (6,581)	$ (2,665)	$ (2,665)
Property and equipment, net	33,411	650
Office Equipment [Member]
Property and Equipment, Gross	$ 39,992	$ 3,315

Account Receivables, Net (Detai

Account Receivables, Net (Details Narrative) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Receivables [Abstract]
Account receivables	$ 2,101	$ 47,916
Account receivables allowance	$ 0	$ 0

Related Party Receivable (Detai

Related Party Receivable (Details Narrative) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Receivables from related party		$ 14,285
Related Party A [Member]
Receivables from related party		$ 14,285
Ms. Weihong Wan [Member]
Ownership percentage	1.00%

Related Party Receivable - Sche

Related Party Receivable - Schedule of Related Party Receivable (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Total receivables from related party		$ 14,285
Related Party A [Member]
Total receivables from related party		$ 14,285

Prepaid Expenses and Other Re_3

Prepaid Expenses and Other Receivables (Details Narrative) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Prepaid Expense and Other Assets [Abstract]
Prepaid expense and other receivables	$ 54,905	$ 44,311

Prepaid Expenses and Other Re_4

Prepaid Expenses and Other Receivables - Schedule of Prepaid Expenses and Other Receivables (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Prepaid Expense and Other Assets [Abstract]
Prepaid expenses	$ 54,905	$ 38,622
Other receivables		5,689
Total Prepaid expenses and other receivables	$ 54,905	$ 44,311

Account Payables (Details Narra

Account Payables (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Account payables	$ 16,087	$ 10,160
Vendor and bus screen terminal maintenance fee	$ 13,043

Account Payables - Schedule of

Account Payables - Schedule of Accounts Payable (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Payables and Accruals [Abstract]
Account payables	$ 16,087	$ 10,160
Total	$ 16,087	$ 10,160

Due to Related Parties (Details

Due to Related Parties (Details Narrative) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Due to related parties	$ 1,243,450	$ 1,178,996
Related Party B [Member]
Due to related parties	$ 208,598	216,116
Related Party B [Member] | Mr. Xiaohao Tan [Member]
Ownership percentage	2.40%
Related Party C [Member]
Due to related parties	$ 22,581	23,395
Related Party D [Member]
Due to related parties	15,409	15,965
Related Party E [Member]
Due to related parties	$ 119,823	123,901
Related Party E [Member] | Mr. Xiaohao Tan [Member]
Ownership percentage	98.00%
Related Party F [Member]
Due to related parties	$ 512,582	436,718
Related Party G [Member]
Due to related parties	$ 255,295	263,542
Related Party G [Member] | Beijing Ezagoo Shopping Holding Limited [Member]
Ownership percentage	92.00%
Related Party G [Member] | Ms. Qianwen Zhang [Member]
Ownership percentage	8.00%
Related Party H [Member]
Due to related parties	$ 32,881	34,067
Related Party H [Member] | Beijing Ezagoo Shopping Holding Limited [Member]
Ownership percentage	90.00%
Related Party H [Member] | Ms. Qianwen Zhang [Member]
Ownership percentage	10.00%
Related Party I [Member]
Due to related parties	$ (26)	1,431
Related Party I [Member] | Beijing Ezagoo Shopping Holding Limited [Member]
Ownership percentage	80.00%
Related Party J [Member]
Due to related parties	$ 21,013	21,771
Related Party K [Member]
Due to related parties	40,626	42,090
Related Party L [Member]
Due to related parties	$ 14,668
Related Party L [Member] | of Hunan Ezagoo Zhicheng Internet Technology Limited [Member]
Ownership percentage	100.00%

Due to Related Parties - Schedu

Due to Related Parties - Schedule of Due to Related Parties (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Amount due to related party, Total	$ 1,243,450	$ 1,178,996
Related Party B [Member]
Amount due to related party, Total	208,598	216,116
Related Party C [Member]
Amount due to related party, Total	22,581	23,395
Related Party D [Member]
Amount due to related party, Total	15,409	15,965
Related Party E [Member]
Amount due to related party, Total	119,823	123,901
Related Party F [Member]
Amount due to related party, Total	512,582	436,718
Related Party G [Member]
Amount due to related party, Total	255,295	263,542
Related Party H [Member]
Amount due to related party, Total	32,881	34,067
Related Party I [Member]
Amount due to related party, Total	(26)	1,431
Related Party J [Member]
Amount due to related party, Total	21,013	21,771
Related Party K [Member]
Amount due to related party, Total	40,626	42,090
Related Party L [Member]
Amount due to related party, Total	$ 14,668

Due to Director (Details Narrat

Due to Director (Details Narrative) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Due to director	$ 22,693	$ 109,024

Concentrations of Risk (Details

Concentrations of Risk (Details Narrative)	9 Months Ended
	Sep. 30, 2019
Risks and Uncertainties [Abstract]
Concentration risk percentage	10.00%

Concentrations of Risk - Schedu

Concentrations of Risk - Schedule of Major Customers and Major Vendors (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenues	$ 3,834	$ 6,337	$ 33,251	$ 21,796
Percentage of revenues/purchases			10.00%
Accounts receivable	2,101		$ 2,101		$ 47,916
Purchases	31,906	41,538	121,591	103,013
Accounts payable	16,087		16,087		$ 10,160
Customer Concentration Risk [Member]
Revenues			$ 27,315	$ 13,146
Percentage of revenues/purchases			83.00%	77.00%
Accounts receivable
Customer Concentration Risk [Member] | Customer A [Member]
Revenues			$ 22,347
Percentage of revenues/purchases			68.00%
Accounts receivable
Customer Concentration Risk [Member] | Customer B [Member]
Revenues			$ 4,968
Percentage of revenues/purchases			15.00%
Accounts receivable
Customer Concentration Risk [Member] | Customer C [Member]
Revenues				$ 9,873
Percentage of revenues/purchases				45.00%
Accounts receivable
Customer Concentration Risk [Member] | Customer D [Member]
Revenues				$ 2,779
Percentage of revenues/purchases				13.00%
Accounts receivable
Customer Concentration Risk [Member] | Customer E [Member]
Revenues				$ 4,095
Percentage of revenues/purchases				19.00%
Accounts receivable
Supplier Concentration Risk [Member]
Percentage of revenues/purchases			74.00%	79.00%
Purchases			$ 83,400	$ 81,330
Accounts payable	12,608	20,292	$ 12,608	$ 20,292
Supplier Concentration Risk [Member] | Vendor A [Member]
Percentage of revenues/purchases			26.00%
Purchases			$ 30,510
Accounts payable
Supplier Concentration Risk [Member] | Vendor B [Member]
Percentage of revenues/purchases			35.00%
Purchases			$ 37,948
Accounts payable	12,608		$ 12,608
Supplier Concentration Risk [Member] | Vendor C [Member]
Percentage of revenues/purchases			13.00%	24.00%
Purchases			$ 14,942	$ 25,116
Accounts payable		13,023		$ 13,023
Supplier Concentration Risk [Member] | Vendor D [Member]
Percentage of revenues/purchases				55.00%
Purchases				$ 56,214
Accounts payable		$ 6,102		$ 6,102

Operating Lease (Details Narrat

Operating Lease (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Lessee Disclosure [Abstract]
Lease term	3 years
Lease expenses	$ 40,586	$ 0

Operating Lease - Schedule of L

Operating Lease - Schedule of Lease Cost and Other Information Related to Operating Leases (Details)	9 Months Ended
	Sep. 30, 2019USD ($)
Lessee Disclosure [Abstract]
Operating lease cost (included in general and administration in the Company's unaudited condensed statement of operations)	$ 40,586
Cash paid for amounts included in the measurement of lease liabilities for the third quarter 2019	$ 44,947
Weighted average remaining lease term - operating leases (in years)	1 year 2 months 1 day
Average discount rate - operating leases	4.35%

Operating Lease - Schedule of S

Operating Lease - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Lessee Disclosure [Abstract]
Right-of-use assets	$ 61,062
Total operating lease assets	61,062
Short-term operating lease liabilities	58,119
Long-term operating lease liabilities	9,934
Total operating lease liabilities	$ 68,053

Operating Lease - Schedule of M

Operating Lease - Schedule of Maturities of Lease Liabilities (Details)	Sep. 30, 2019USD ($)
Lessee Disclosure [Abstract]
2019 (remaining 3 months)	$ 14,982
2020	54,936
Total lease payments	69,918
Less: Imputed interest/present value discount	(1,865)
Present value of lease liabilities	$ 68,053

Common Stock (Details Narrative

Common Stock (Details Narrative) - IPO [Member]	3 Months Ended
	Sep. 30, 2019USD ($)shares
Number of shares stock sold, shares | shares	24,956,826
Number of shares stock sold | $	$ 499,137

Additional Paid-in Capital - _2

Additional Paid-in Capital - Capital Contribution (Details Narrative) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Additional paid-in capital - capital contribution	$ 1,270,648		$ 774,007
Capital contribution from related party	105,770	$ 659,583
Capital contribution as the performance obligation is not able to recognize			$ 8,950	$ 39,368
Related Party J [Member]
Capital contribution from related party	$ 1,222,330