Ezagoo Limited (EZOO) 10-Q 14 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2020shares
Cover [Abstract]
Entity Registrant Name	Ezagoo Ltd
Entity Central Index Key	0001752372
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
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	Q2
Document Fiscal Year Focus	2020

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2020	Dec. 31, 2019
CURRENT ASSETS
Cash and cash equivalents	$ 578,088	$ 1,106,420
Account receivables, related parties		63,444
Deposits paid, prepayments and other receivables	35,657	31,310
Total current assets	613,745	1,201,174
NON-CURRENT ASSETS
Plant and equipment, net	27,178	31,818
Operating lease right-of-use assets	22,435	49,455
TOTAL ASSETS	663,358	1,282,447
CURRENT LIABILITIES
Account payables	26,379	14,254
Accrued expenses, other payables and deposit received	513,415	490,050
Amount due to the related parties	1,235,201	1,466,120
Amount due to a director	22,876	23,127
Operating lease liabilities, current portion	24,958	55,083
Income tax payable		5,650
TOTAL LIABILITIES	1,822,829	2,054,284
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 June 30, 2020 and December 31, 2019 respectively	11,996	11,996
Additional paid-in capital	1,308,646	1,308,646
Accumulated other comprehensive income	78,924	56,500
Accumulated deficit	(2,559,037)	(2,148,979)
TOTAL STOCKHOLDERS' DEFICIT	(1,159,471)	(771,837)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 663,358	$ 1,282,447

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
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 outstanding	119,956,826	119,956,826

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
REVENUES	$ 39,026	$ 1,701	$ 44,344	$ 29,417
COST OF REVENUES	(26,292)	(38,727)	(59,869)	(89,685)
GROSS PROFIT	12,734	(37,026)	(15,525)	(60,268)
OPERATING EXPENSES	(195,871)	(340,628)	(361,368)	(510,491)
LOSS FROM OPERATIONS	(183,137)	(377,654)	(376,893)	(570,759)
Other income (expense):
Interest income	2,881	321	2,881	734
Interest expense	(16,887)		(33,523)
Total other income (expense)	(14,006)	321	(30,642)	734
Net loss from operations	(197,143)	(377,333)	(407,535)	(570,025)
Income tax expense
Net loss	(197,143)	(377,333)	(407,535)	(570,025)
Other comprehensive income/(loss):
- Foreign currency translation adjustment	(4,745)	23,336	19,901	9,760
COMPREHENSIVE LOSS	$ (201,888)	$ (353,997)	$ (387,634)	$ (560,265)
Net loss per share- Basic and diluted	$ 0	$ (0.01)	$ 0	$ (0.01)
Weighted Average Number of shares outstanding	119,956,826	67,709,068	119,956,826	67,709,068

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 Income [Member]	Total
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)		(8,783)
Net loss			(570,025)		(570,025)
Other comprehensive loss				9,760	9,760
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 Mar. 31, 2019	$ 9,500	774,007	(1,496,972)	42,974	(670,491)
Balance, shares at Mar. 31, 2019	95,000,000
Cumulative effect of adoption of new accounting principle			1,842		1,842
Net loss			(377,333)		(377,333)
Other comprehensive loss				23,336	23,336
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, 2019	$ 11,996	1,308,646	(2,148,979)	56,500	(771,837)
Balance, shares at Dec. 31, 2019	119,956,826
Cumulative effect of adoption of new accounting principle			(2,523)		(2,523)
Net loss			(407,535)		(407,535)
Other comprehensive loss				22,424	22,424
Balance at Jun. 30, 2020	$ 11,996	1,308,646	(2,559,037)	78,924	(1,159,471)
Balance, shares at Jun. 30, 2020	119,956,826
Balance at Mar. 31, 2020	$ 11,996	1,308,646	(2,359,371)	81,146	(957,683)
Balance, shares at Mar. 31, 2020	119,956,826
Cumulative effect of adoption of new accounting principle			(2,523)		(2,523)
Net loss			(197,143)		(197,143)
Other comprehensive loss				(2,222)	(2,222)
Balance at Jun. 30, 2020	$ 11,996	$ 1,308,646	$ (2,559,037)	$ 78,924	$ (1,159,471)
Balance, shares at Jun. 30, 2020	119,956,826

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (407,535)	$ (570,025)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation	4,639	1,735
Changes in operating assets and liabilities:
Accounts receivable		47,847
Prepayments, deposits and other receivables	(4,347)	27,806
Receipts in advance	(29,555)	37,929
Operating lease expense	27,020	28,750
Operating lease liabilities	(30,125)	(31,502)
Accounts payable	12,125	4,373
Other payables and accrued liabilities	52,920	(50,560)
Income tax payable	(5,646)
Net cash used in operating activities	(380,504)	(503,647)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment		(38,680)
Net cash (used in) Investing activities		(38,680)
CASH FLOWS FROM FINANCING ACTIVITIES:
(Repayment to) / Advance from related parties	(167,474)	1,212
(Repayment to) a director	(251)	(42,225)
Net cash (used in) financing activities	(167,725)	(41,013)
Effect of exchange rate changes on cash and cash equivalents	19,898	12,321
Net change in cash and cash equivalents	(528,331)	(571,019)
Cash and cash equivalents, beginning of period	1,106,420	795,618
CASH AND CASH EQUIVALENTS, END OF PERIOD	578,089	224,599
SUPPLEMENTAL CASH FLOWS INFORMATION
Cash paid for income taxes
Cash paid for interest paid

Basis of preparation

Basis of preparation	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 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 six months ended June 30, 2020 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2020 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, 2019.

Organization and Business Backg

Organization and Business Background	6 Months Ended
	Jun. 30, 2020
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	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020, the Company suffered an accumulated deficit of $2,559,037 and continuously incurred a net operating loss of $407,535 for the six months ended June 30, 2020. The continuation of the Company as a going concern through December 31, 2020 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	6 Months Ended
	Jun. 30, 2020
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 six months ended June 30, 2020. 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 2020 2019 Period-end CNY: US$1 exchange rate 7.06 6.90 Period-average CNY: US$1 exchange rate 7.08 6.79 Period-end HK$: US$1 exchange rate 7.75 7.83 Period-average HK$: US$1 exchange rate 7.75 7.84 ● 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 $91,694, lease liabilities for operating leases of $102,320, and $10,626 adjustment to accumulated deficit. After the adoption, $22,435 of operating lease right-of-use asset and $24,958 of operating lease liabilities and $2,523 adjustment to accumulated deficit were retroactively reflected to June 30, 2020 financial statements. 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	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	NOTE 5 - PROPERTY AND EQUIPMENT As of June 30, 2020 December 31, 2019 (unaudited) (audited) Office equipment $ 40,977 $ 40,977 Accumulated depreciation (13,798 ) (9,159 ) Property and equipment, net $ 27,178 $ 31,818 Depreciation expense, classified as operating expenses, was $4,639 and $1,735 for the six months ended June 30, 2020 and 2019, respectively. Accumulated depreciation for the six months ended June 30, 2020 and 2019 were $13,798 and $4,368, respectively.

Accounts Receivables-Related Pa

Accounts Receivables-Related Party	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Accounts Receivable-Releated Party	NOTE 6 - ACCOUNT RECEIVABLES, RELATED PARTIES As of June 30, 2020, and December 31,2019, our account receivables are $0 and $63,444, respectively.

Prepaid Expenses and Other Rece

Prepaid Expenses and Other Receivables	6 Months Ended
	Jun. 30, 2020
Prepaid Expense and Other Assets [Abstract]
Prepaid Expenses and Other Receivables	NOTE 7 - PREPAID EXPENSES AND OTHER RECEIVABLES Prepaid expenses and other receivables consisted of the following at June 30,2020 and December 31, 2019: As of June 30, 2020 December 31, 2019 (unaudited) (audited) Prepaid expenses $ 35,657 $ 31,310 Total prepaid expenses and other receivables $ 35,657 $ 31,310 As of December 31, 2019, the balance $31,310 represented an outstanding prepaid expense and other receivables which included social security fee, bus monitors maintenance fee, management fee and employee receivables. As of June 30, 2020, the balance $35,657 represented an outstanding prepaid expenses and other receivables which included social security fee, bus monitors maintenance fee, management fee and employee receivables.

Account Payables

Account Payables	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Account Payables	NOTE 8 - ACCOUNT PAYABLES Accounts payable consists of the following: As of June 30, 2020 December 31, 2019 (unaudited) (audited) Account payables $ 26,379 $ 14,254 Total $ 26,379 $ 14,254 The account payables balance of $26,379 includes $23,225 payables to a vendor for bus screen terminal platform fee. It was expected to be paid in the third quarter in 2020.

Accrued Expenses, Other Payable

Accrued Expenses, Other Payables and Deposit Received	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Accrued Expenses, Other Payables and Deposit Received	NOTE 9 – ACCRUED EXPENSES, OTHER PAYABLES AND DEPOSITS RECEIVED Other payables consisted of the following: As of June 30, 2020 December 31, 2019 (unaudited) (audited) Other payables $ 66,059 $ 9,411 Accrued payroll and benefits - 3,728 Deposits received from customers 447,356 476,911 Total $ 513,415 $ 490,050 Other payables include accrued social security fee and housing fund, bus screen repair fee, accrued property management fee and employee payables. Deposits received from customers are advertisement service fee paid by customers.

Due to Related Parties

Due to Related Parties	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Due to Related Parties	NOTE 10 - DUE TO RELATED PARTIES As of June 30, 2020 December 31, 2019 (unaudited) (audited) Amount due to related party B $ 210,761 $ 213,735 Amount due to related party C 22,815 23,137 Amount due to related party D 15,570 15,789 Amount due to related party E 121,066 122,774 Amount due to related party F 452,790 716,113 Amount due to related party G 257,943 261,582 Amount due to related party H 33,223 33,692 Amount due to related party I 63,694 1,473 Amount due to related party J 41,047 21,531 Amount due to related party K 1,624 41,626 Amount due to related party L 14,668 14,668 Total $ 1,235,201 $ 1,466,120 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 six months ended June 30, 2020 and the years ended December 31, 2019 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 six months ended June 30, 2020 and the years ended December 31, 2019 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 six months ended June 30, 2020 and the years ended December 31, 2019, related party D advanced $15,570 and $15,789 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 six months ended June 30, 2020 and the years ended December 31, 2019, related party E advanced $121,066 and $122,774 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 six months ended June 30, 2020 and the years ended December 31, 2019, related party F advanced $452,790 and $716,113 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 six months ended June 30,2020 and the years ended December 31, 2019, related party G advanced $257,943 and $261,582 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 six months ended June 30, 2020 and the years ended December 31, 2019, related party H advanced $33,223 and $33,692 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 six months ended June 30, 2020 and the years ended December 31, 2019 related party I advanced $63,694 and $1,473 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 six months ended June 30,2020 and the years ended December 31, 2019 related party J advanced $41,047 and $21,531 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 six months ended June 30, 2020 and the years ended December 31, 2019 related party K advanced $1,624 and $41,626 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 three months ended June 30, 2020 and the years ended December 31, 2019 related party L advanced $14,668 and $14,668 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. During the period ended June 30, 2020, related parties imputed interest of $33,551.

Due to Director

Due to Director	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Due to Director	NOTE 11 - DUE TO DIRECTOR For the six months ended June 30, 2020 and the years ended December 31, 2019, a director of the Company advanced $22,876 and $23,127 to the Company, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Concentrations of Risk

Concentrations of Risk	6 Months Ended
	Jun. 30, 2020
Risks and Uncertainties [Abstract]
Concentrations of Risk	NOTE 12 - CONCENTRATIONS OF RISK (a) Major customers For the six months ended June 30, 2020, 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 six months ended As of Revenues Percentage of Accounts Customer D $ 4,398 10 % $ - Customer F 13,920 31 % - Customer I 7,997 18 % - Total: $ 26,315 59 % $ - For the six months ended June 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 six months ended As of Revenues Percentage of revenues Accounts receivable Customer A $ 23,417 80 % $ - Total: $ 23,417 80 % $ - (b) Major vendors For the six months ended June 30, 2020, the vendors who accounted for more than 10% 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 B $ 9,303 16 % $ 3,047 Vendor C 9,092 15 % 2,978 Vendor E 25,405 42 % 25,477 Total: $ 43,800 73 % $ 31,502 For the six months ended June 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 June 30, 2019 Purchases Percentage of purchases Accounts payable Vendor A $ 26,510 32 % 1,325 Vendor B 12,225 14 % 2,288 Vendor C 24,690 29 % - Total: $ 63,425 75 % 3,613 (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	6 Months Ended
	Jun. 30, 2020
Lessee Disclosure [Abstract]
Operating Lease	NOTE - 13 OPERATING LEASE The Company has an operating lease agreement for the office space with remaining 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 six months ended June 30, 2020, the Company has incurred rent expenses solely for the office premises on a monthly basis as follows: Six Months Ended Lease Cost Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations) $ 27,171 Other Information Cash paid for amounts included in the measurement of lease liabilities for the second quarter 2019 $ 30,276 Weighted average remaining lease term – operating leases (in years) 0.42 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 $ 22,435 Total operating lease assets $ 22,435 Short-term operating lease liabilities $ 24,958 Long-term operating lease liabilities $ - Total operating lease liabilities $ 24,958 Maturities of the Company’s lease liabilities are as follows: Year ending June 30, Operating Lease 2020 (remaining 5 months) 25,230 2021 - Total lease payments 25,230 Less: Imputed interest/present value discount (272 ) Present value of lease liabilities 24,958 For six months ended June 30, 2019, the Company has incurred rent expenses solely for the office premises on a monthly basis as follows: Six Months Ended June 30, 2019 Lease Cost Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations) $ 28,372 Other Information Cash paid for amounts included in the measurement of lease liabilities for the second quarter 2019 $ 25,686 Weighted average remaining lease term – operating leases (in years) 1.42 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 $ 76,255 Total operating lease assets $ 76,255 Short-term operating lease liabilities $ 54,426 Long-term operating lease liabilities $ 30,613 Total operating lease liabilities $ 85,039 Maturities of the Company’s lease liabilities are as follows: Year ending June 30, Operating Lease 2020 87,840 Total lease payments 87,840 Less: Imputed interest/present value discount (2,801 ) Present value of lease liabilities 85,039 Lease expenses were $27,171 and $28,372 during the six months ended June 30, 2020 and 2019, respectively.

Additional Paid-in Capital - Ca

Additional Paid-in Capital - Capital Contribution	6 Months Ended
	Jun. 30, 2020
Additional Paid-in Capital - Capital Contribution
Additional Paid-in Capital - Capital Contribution	NOTE 14 – ADDITIONAL PAID-IN CAPITAL – CAPITAL CONTRIBUTION As of June 30, 2020, the Company has a total additional paid-in capital - capital contribution balance of $1,308,646. It includes $452,790 capital contribution from related party J, capital contribution is recorded for any payments received in 2019. As of December 31, 2019, the Company has a total additional paid-in capital - capital contribution balance of $1,308,646. It includes $725,690 capital contribution from related party J. 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.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 15 – SUBSEQUENT EVENTS On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of the COVID-19 outbreak and the risks to the international community as the virus spreads globally beyond its point of origin. From April 2020, the Company has implemented and launched its operation of the newly developed advertising social platform called “Xin Dian” application, and has entered into the testing phase. It is expected to start to its real time online operation in the third or fourth quarter of 2020. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. As such, it is uncertain as to the full magnitude that the pandemic will have on our financial condition, liquidity, and future results of operations. Management is actively monitoring the impact of the global situation on our financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, we are not able to estimate the effects of the COVID-19 outbreak on our results of operations, financial condition, or liquidity for the period ended June 30, 2020.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
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 six months ended June 30, 2020. 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 2020 2019 Period-end CNY: US$1 exchange rate 7.06 6.90 Period-average CNY: US$1 exchange rate 7.08 6.79 Period-end HK$: US$1 exchange rate 7.75 7.83 Period-average HK$: US$1 exchange rate 7.75 7.84
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 $91,694, lease liabilities for operating leases of $102,320, and $10,626 adjustment to accumulated deficit. After the adoption, $22,435 of operating lease right-of-use asset and $24,958 of operating lease liabilities and $2,523 adjustment to accumulated deficit were retroactively reflected to June 30, 2020 financial statements. 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)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Schedule of Plant and Equipment Expected Useful lives	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 2020 2019 Period-end CNY: US$1 exchange rate 7.06 6.90 Period-average CNY: US$1 exchange rate 7.08 6.79 Period-end HK$: US$1 exchange rate 7.75 7.83 Period-average HK$: US$1 exchange rate 7.75 7.84

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	As of June 30, 2020 December 31, 2019 (unaudited) (audited) Office equipment $ 40,977 $ 40,977 Accumulated depreciation (13,798 ) (9,159 ) Property and equipment, net $ 27,178 $ 31,818

Prepaid Expenses and Other Re_2

Prepaid Expenses and Other Receivables (Tables)	6 Months Ended
	Jun. 30, 2020
Prepaid Expense and Other Assets [Abstract]
Schedule of Prepaid Expenses and Other Receivables	Prepaid expenses and other receivables consisted of the following at June 30,2020 and December 31, 2019: As of June 30, 2020 December 31, 2019 (unaudited) (audited) Prepaid expenses $ 35,657 $ 31,310 Total prepaid expenses and other receivables $ 35,657 $ 31,310

Account Payables (Tables)

Account Payables (Tables)	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Schedule of Accounts Payable	Accounts payable consists of the following: As of June 30, 2020 December 31, 2019 (unaudited) (audited) Account payables $ 26,379 $ 14,254 Total $ 26,379 $ 14,254

Accrued Expenses, Other Payab_2

Accrued Expenses, Other Payables and Deposit Received (Tables)	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Schedule of Other Payable	Other payables consisted of the following: As of June 30, 2020 December 31, 2019 (unaudited) (audited) Other payables $ 66,059 $ 9,411 Accrued payroll and benefits - 3,728 Deposits received from customers 447,356 476,911 Total $ 513,415 $ 490,050

Due to Related Parties (Tables)

Due to Related Parties (Tables)	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Schedule of Due to Related Parties	As of June 30, 2020 December 31, 2019 (unaudited) (audited) Amount due to related party B $ 210,761 $ 213,735 Amount due to related party C 22,815 23,137 Amount due to related party D 15,570 15,789 Amount due to related party E 121,066 122,774 Amount due to related party F 452,790 716,113 Amount due to related party G 257,943 261,582 Amount due to related party H 33,223 33,692 Amount due to related party I 63,694 1,473 Amount due to related party J 41,047 21,531 Amount due to related party K 1,624 41,626 Amount due to related party L 14,668 14,668 Total $ 1,235,201 $ 1,466,120

Concentrations of Risk (Tables)

Concentrations of Risk (Tables)	6 Months Ended
	Jun. 30, 2020
Risks and Uncertainties [Abstract]
Schedule of Major Customers and Major Vendors	For the six months ended June 30, 2020, 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 six months ended As of Revenues Percentage of Accounts Customer D $ 4,398 10 % $ - Customer F 13,920 31 % - Customer I 7,997 18 % - Total: $ 26,315 59 % $ - For the six months ended June 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 six months ended As of Revenues Percentage of revenues Accounts receivable Customer A $ 23,417 80 % $ - Total: $ 23,417 80 % $ - (b) Major vendors For the six months ended June 30, 2020, the vendors who accounted for more than 10% 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 B $ 9,303 16 % $ 3,047 Vendor C 9,092 15 % 2,978 Vendor E 25,405 42 % 25,477 Total: $ 43,800 73 % $ 31,502 For the six months ended June 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 June 30, 2019 Purchases Percentage of purchases Accounts payable Vendor A $ 26,510 32 % 1,325 Vendor B 12,225 14 % 2,288 Vendor C 24,690 29 % - Total: $ 63,425 75 % 3,613

Operating Lease (Tables)

Operating Lease (Tables)	6 Months Ended
	Jun. 30, 2020
Lessee Disclosure [Abstract]
Schedule of Lease Cost and Other Information related to Operating Leases	Six Months Ended Lease Cost Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations) $ 27,171 Other Information Cash paid for amounts included in the measurement of lease liabilities for the second quarter 2019 $ 30,276 Weighted average remaining lease term – operating leases (in years) 0.42 Average discount rate – operating leases 4.35 % For six months ended June 30, 2019, the Company has incurred rent expenses solely for the office premises on a monthly basis as follows: Six Months Ended June 30, 2019 Lease Cost Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations) $ 28,372 Other Information Cash paid for amounts included in the measurement of lease liabilities for the second quarter 2019 $ 25,686 Weighted average remaining lease term – operating leases (in years) 1.42 Average discount rate – operating leases 4.35 %
Schedule of Supplemental Balancesheet information related to Leases	The supplemental balance sheet information related to leases for the period is as follows: Operating leases Right-of-use assets $ 22,435 Total operating lease assets $ 22,435 Short-term operating lease liabilities $ 24,958 Long-term operating lease liabilities $ - Total operating lease liabilities $ 24,958 The supplemental balance sheet information related to leases for the period is as follows: Operating leases Right-of-use assets $ 76,255 Total operating lease assets $ 76,255 Short-term operating lease liabilities $ 54,426 Long-term operating lease liabilities $ 30,613 Total operating lease liabilities $ 85,039
Schedule of Maturities of Lease Liabilities	Maturities of the Company’s lease liabilities are as follows: Year ending June 30, Operating Lease 2020 (remaining 5 months) 25,230 2021 - Total lease payments 25,230 Less: Imputed interest/present value discount (272 ) Present value of lease liabilities 24,958 Maturities of the Company’s lease liabilities are as follows: Year ending June 30, Operating Lease 2020 87,840 Total lease payments 87,840 Less: Imputed interest/present value discount (2,801 ) Present value of lease liabilities 85,039

Organization and Business Bac_2

Organization and Business Background (Details Narrative)	Jul. 20, 2018CNY (¥)	Jun. 30, 2018USD ($)$ / sharesshares	May 09, 2018USD ($)$ / sharesshares	Jun. 30, 2020$ / shares	Dec. 31, 2019$ / 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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (2,559,037)		$ (2,559,037)		$ (2,148,979)
Net loss	$ (197,143)	$ (377,333)	$ (407,535)	$ (570,025)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Jan. 02, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Operating lease right-of-use assets		$ 22,435	$ 76,255	$ 22,435	$ 76,255	$ 49,455
Lease liabilities for operating leases		24,958	85,039	24,958	85,039
Adjustment to accumulated deficit		$ (2,523)	$ 1,842	$ (2,523)	$ (8,783)
ASC 842 [Member]
Operating lease right-of-use assets	$ 91,694
Lease liabilities for operating leases	102,320
Adjustment to accumulated deficit	$ 10,626

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Plant and Equipment Expected Useful lives (Details) - Office Equipment [Member]	6 Months Ended
	Jun. 30, 2020USD ($)
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)	Jun. 30, 2020	Jun. 30, 2019
Period-End [Member] | CNY [Member]
Foreign currency exchange rate	7.06	6.90
Period-End [Member] | HK [Member]
Foreign currency exchange rate	7.75	7.83
Period-Average [Member] | CNY [Member]
Foreign currency exchange rate	7.08	6.79
Period-Average [Member] | HK [Member]
Foreign currency exchange rate	7.75	7.84

Property and Equipment (Details

Property and Equipment (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 4,639	$ 1,735
Accumulated depreciation	$ 13,798		$ 9,159

Property and Equipment - Schedu

Property and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Less: Accumulated depreciation	$ (13,798)	$ (9,159)
Property, plant and equipment, net	27,178	31,818
Office Equipment [Member]
Property, plant and equipment, Gross	$ 40,977	$ 40,977

Accounts Receivables-Related _2

Accounts Receivables-Related Party (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Related Party Transactions [Abstract]
Account receivables from related party		$ 63,444

Prepaid Expenses and Other Re_3

Prepaid Expenses and Other Receivables (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Prepaid Expense and Other Assets [Abstract]
Prepaid expense and other receivables	$ 35,657	$ 31,310

Prepaid Expenses and Other Re_4

Prepaid Expenses and Other Receivables - Schedule of Prepaid Expenses and Other Receivables (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Prepaid Expense and Other Assets [Abstract]
Prepaid expenses	$ 35,657	$ 31,310
Total prepaid expenses and other receivables	$ 35,657	$ 31,310

Account Payables (Details Narra

Account Payables (Details Narrative) - USD ($)	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Account payables		$ 26,379	$ 14,254
Forecast [Member] | Vendor [Member]
Account payables	$ 23,225

Account Payables - Schedule of

Account Payables - Schedule of Accounts Payable (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Account payables	$ 26,379	$ 14,254
Total	$ 26,379	$ 14,254

Accrued Expenses, Other Payab_3

Accrued Expenses, Other Payables and Deposit Received - Schedule of Other Payable (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Notes to Financial Statements
Other payables	$ 66,059	$ 9,411
Accrued payroll and benefits		3,728
Deposits received from customers	447,356	476,911
Total other payables and accrued liabilities	$ 513,415	$ 490,050

Due to Related Parties (Details

Due to Related Parties (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Due to related parties	$ 1,235,201	$ 1,466,120
Related parties imputed interest	33,551
Related Party B [Member]
Due to related parties	$ 210,761	213,735
Related Party B [Member] | Mr. Xiaohao Tan [Member]
Ownership percentage	2.40%
Related Party C [Member]
Due to related parties	$ 22,815	23,137
Related Party D [Member]
Due to related parties	15,570	15,789
Related Party E [Member]
Due to related parties	$ 121,066	122,774
Related Party E [Member] | Mr. Xiaohao Tan [Member]
Ownership percentage	98.00%
Related Party F [Member]
Due to related parties	$ 452,790	716,113
Related Party G [Member]
Due to related parties	$ 257,943	261,582
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	$ 33,223	33,692
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	$ 63,694	1,473
Related Party I [Member] | Beijing Ezagoo Shopping Holding Limited [Member]
Ownership percentage	80.00%
Related Party J [Member]
Due to related parties	$ 41,047	21,531
Related Party K [Member]
Due to related parties	1,624	41,626
Related Party L [Member]
Due to related parties	$ 14,668	$ 14,668
Related Party L [Member] | Ezagoo B&R (HongKong) Industry Development Group Limited [Member]
Ownership percentage		100.00%

Due to Related Parties - Schedu

Due to Related Parties - Schedule of Due to Related Parties (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Amount due to related party, Total	$ 1,235,201	$ 1,466,120
Related Party B [Member]
Amount due to related party, Total	210,761	213,735
Related Party C [Member]
Amount due to related party, Total	22,815	23,137
Related Party D [Member]
Amount due to related party, Total	15,570	15,789
Related Party E [Member]
Amount due to related party, Total	121,066	122,774
Related Party F [Member]
Amount due to related party, Total	452,790	716,113
Related Party G [Member]
Amount due to related party, Total	257,943	261,582
Related Party H [Member]
Amount due to related party, Total	33,223	33,692
Related Party I [Member]
Amount due to related party, Total	63,694	1,473
Related Party J [Member]
Amount due to related party, Total	41,047	21,531
Related Party K [Member]
Amount due to related party, Total	1,624	41,626
Related Party L [Member]
Amount due to related party, Total	$ 14,668	$ 14,668

Due to Director (Details Narrat

Due to Director (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Related Party Transactions [Abstract]
Due to director	$ 22,876	$ 23,127
Due to director impute interest

Concentrations of Risk - Schedu

Concentrations of Risk - Schedule of Major Customers and Major Vendors (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Revenues	$ 39,026	$ 1,701	$ 44,344	$ 29,417
Purchases	26,292	38,727	59,869	89,685
Accounts payable	26,379		26,379		$ 14,254
Customer Concentration Risk [Member]
Revenues			$ 26,315	$ 23,417
Percentage of revenues/purchases			59.00%	80.00%
Accounts receivable
Customer Concentration Risk [Member] | Customer D [Member]
Revenues			$ 4,398
Percentage of revenues/purchases			10.00%
Accounts receivable
Customer Concentration Risk [Member] | Customer F [Member]
Revenues			$ 13,920
Percentage of revenues/purchases			31.00%
Accounts receivable
Customer Concentration Risk [Member] | Customer I [Member]
Revenues			$ 7,997
Percentage of revenues/purchases			18.00%
Accounts receivable
Customer Concentration Risk [Member] | Customer A [Member]
Revenues				$ 23,417
Percentage of revenues/purchases				80.00%
Accounts receivable
Supplier Concentration Risk [Member]
Percentage of revenues/purchases			73.00%	75.00%
Purchases			$ 43,800	$ 63,425
Accounts payable	31,502	3,613	$ 31,502	$ 3,613
Supplier Concentration Risk [Member] | Vendor B [Member]
Percentage of revenues/purchases			16.00%	14.00%
Purchases			$ 9,303	$ 12,225
Accounts payable	3,047	2,288	$ 3,047	$ 2,288
Supplier Concentration Risk [Member] | Vendor C [Member]
Percentage of revenues/purchases			15.00%	29.00%
Purchases			$ 9,092	$ 24,690
Accounts payable	2,978		$ 2,978
Supplier Concentration Risk [Member] | Vendor E [Member]
Percentage of revenues/purchases			42.00%
Purchases			$ 25,405
Accounts payable	$ 25,477		$ 25,477
Supplier Concentration Risk [Member] | Vendor A [Member]
Percentage of revenues/purchases				32.00%
Purchases				$ 26,510
Accounts payable		$ 1,325		$ 1,325

Operating Lease (Details Narrat

Operating Lease (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Lessee Disclosure [Abstract]
Remaining Lease Term	3 years
Lease term	12 months
Lease expenses	$ 27,171	$ 28,372

Operating Lease - Schedule of L

Operating Lease - Schedule of Lease Cost and Other Information Related to Operating Leases (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Lessee Disclosure [Abstract]
Operating lease cost (included in general and administration in the Company's unaudited condensed statement of operations)	$ 27,171	$ 28,372
Cash paid for amounts included in the measurement of lease liabilities for the second quarter 2019	$ 30,276	$ 25,686
Weighted average remaining lease term - operating leases (in years)	5 months 1 day	1 year 5 months 1 day
Average discount rate - operating leases	4.35%	4.35%

Operating Lease - Schedule of S

Operating Lease - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Lessee Disclosure [Abstract]
Right-of-use assets	$ 22,435	$ 49,455	$ 76,255
Total operating lease assets	22,435		76,255
Short-term operating lease liabilities	24,958	$ 55,083	54,426
Long-term operating lease liabilities			30,613
Total operating lease liabilities	$ 24,958		$ 85,039

Operating Lease - Schedule of M

Operating Lease - Schedule of Maturities of Lease Liabilities (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Lessee Disclosure [Abstract]
2020		$ 87,840
2020 (remaining 5 months)	$ 25,230
2021
Total lease payments	25,230	87,840
Less: Imputed interest/present value discount	(272)	(2,801)
Present value of lease liabilities	$ 24,958	$ 85,039

Additional Paid-in Capital - _2

Additional Paid-in Capital - Capital Contribution (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Additional paid-in capital - capital contribution	$ 1,308,646	$ 1,308,646
Related Party J [Member]
Capital contribution from related party	$ 452,790	$ 725,690