Ezagoo Limited (EZOO) 10-Q 24 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 23, 2021
Cover [Abstract]
Entity Registrant Name	Ezagoo Ltd
Entity Central Index Key	0001752372
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
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	Q1
Document Fiscal Year Focus	2021

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash and cash equivalents	$ 533,332	$ 824,733
Amount due from related party	886,801	689,427
Deposits paid, prepayments and other receivables	25,197	19,240
Total current assets	1,445,330	1,533,400
NON-CURRENT ASSETS
Plant and equipment, net	19,522	22,130
Operating lease right-of-use assets	465,102
TOTAL ASSETS	1,929,954	1,555,530
CURRENT LIABILITIES
Accounts payable	11,895	18,534
Accrued expenses, other payable and deposits received	493,307	522,718
Amount due to the related parties	1,113,809	967,372
Amount due to a director	35,036	35,107
Deferred revenue	1,298,997	1,585,905
Operating lease liabilities, current portion	123,500
Total current liabilities	3,076,544	3,129,636
NON-CURRENT LIABILITIES
Operating lease liabilities, non-current portion	345,401
TOTAL LIABILITIES	3,421,945	3,129,636
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 and 119,956,826 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively	11,996	11,996
Additional paid-in capital	1,304,064	1,308,646
Accumulated other comprehensive income	(59,071)	(61,928)
Accumulated deficit	(2,748,980)	(2,832,820)
TOTAL STOCKHOLDERS' DEFICIT	(1,491,991)	(1,574,106)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 1,929,954	$ 1,555,530

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
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 stock, shares issued	119,956,826	119,956,826
Common stock, shares outstanding	119,956,826	119,956,826

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
REVENUES	$ 452,254	$ 5,318
COST OF REVENUES (including $161,806 & $0 of related party costs for the three months ended March 31, 2021 & 2020, respectively)	(179,343)	(33,577)
GROSS PROFIT (LOSS)	272,911	(28,259)
OPERATING EXPENSES	(198,701)	(165,497)
PROFIT (LOSS) FROM OPERATIONS	74,210	(193,756)
Other income (expense):
Other income	5,155
Interest income (expense)	4,475	(16,636)
Total other income (expense)	9,630	(16,636)
Net profit (loss) from operations	83,840	(210,392)
Income tax expense
Net profit (loss)	83,840	(210,392)
Other comprehensive income:
- Foreign currency translation adjustment	2,857
COMPREHENSIVE LOSS	$ 86,697	$ (210,392)
Net loss per share- Basic and diluted	$ 0	$ 0
Weighted Average Number of shares outstanding	119,956,826	119,956,826

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive Loss (Parenthetical) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Related party costs	$ 161,806	$ 0

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Gain [Member]	Total
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
Net profit (loss)			(210,392)		(210,392)
Other comprehensive gain				24,546	24,546
Balance at Mar. 31, 2020	$ 11,996	1,308,646	(2,359,371)	81,046	(957,683)
Balance, shares at Mar. 31, 2020	119,956,826
Balance at Dec. 31, 2020	$ 11,996	1,308,646	(2,832,820)	(61,928)	(1,574,106)
Balance, shares at Dec. 31, 2020	119,956,826
Imputed interest income		(4,582)			(4,582)
Net profit (loss)			83,840		83,840
Other comprehensive gain				2,857	2,857
Balance at Mar. 31, 2021	$ 11,996	$ 1,304,064	$ 2,748,980	$ (59,071)	$ (1,491,991)
Balance, shares at Mar. 31, 2021	119,956,826

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profit (loss)	$ 83,840	$ (210,392)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation	2,608	2,412
Changes in operating assets and liabilities:
Prepayments, deposits and other receivables	(5,957)	19,847
Amount due from a related parties	(197,374)	38,539
Accounts payable	(6,639)	16,232
Accrued liabilities and other payable	52,858	33,315
Receipts in advance	(82,269)
Deferred income	1,298,997
Operating lease ROU assets	(465,102)	(13,246)
Operating lease liabilities	449,608	14,778
Income tax payable		(5,639)
Net cash provided by (used in) operating activities	1,130,570	(104,154)
CASH FLOWS FROM FINANCING ACTIVITIES:
Imputed interests	(4,582)
Repayment to related parties	(486,764)	(386,616)
Repayment to a director	(933,482)	(5,318)
Net cash used in financing activities	(1,424,828)	(391,934)
Effect of exchange rate changes on cash and cash equivalents	2,857	(4,158)
Net change in cash and cash equivalents	(291,401)	(500,246)
Cash and cash equivalents, beginning of period	824,733	1,106,420
CASH AND CASH EQUIVALENTS, END OF PERIOD	533,332	606,174
SUPPLEMENTAL CASH FLOWS INFORMATION
Cash paid for income taxes
Cash paid for interest paid

Basis of Preparation

Basis of Preparation	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 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 three months ended March 31, 2021 are not necessarily indicative of the results to be expected for the entire fiscal year ending December 31, 2021 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, 2020.

Organization and Business Backg

Organization and Business Background	3 Months Ended
	Mar. 31, 2021
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 Beijing 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 Beijing Ezagoo Zhicheng Internet Technology Limited. Beijing 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 Beijing Ezagoo Zhicheng Internet Technology Limited. This gives management of CETL the ability to conduct and control company affairs of Beijing 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 Beijing Ezagoo Zhicheng Internet Technology Limited. CETL is to be compensated with 100% of all profits generated by Beijing 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. Beijing 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 Beijing 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 Beijing 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.” On March 3, 2021, incorporated a branch company of Beijing Ezagoo Industrial Development Group Holding Limited, named Changsha Branch of Beijing Ezagoo Industrial Development Group Holding Limited, to carry out the business in Changsha Hunan, China. Beijing Ezagoo Zhicheng Internet Technology Limited and the Changsha Branch of Beijing Ezagoo Industrial Development Group Holding Limited are 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	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021, the Company suffered an accumulated deficit of $2,748,980 and continuously incurred a net operating profit of $83,840 for the three months ended March 31, 2021. 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	3 Months Ended
	Mar. 31, 2021
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 advertising production cost 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 three months ended March 31, 2021. 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 2021 2020 Period-end CNY: US$1 exchange rate 6.55 7.08 Period-average CNY: US$1 exchange rate 6.48 6.98 Period-end HK$: US$1 exchange rate 7.75 7.75 Period-average HK$: US$1 exchange rate 7.77 7.77 ● 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. After the adoption, $465,102 of operating lease right-of-use assets and $468,901 of lease liabilities for operating leases, and $3,799 of adjustment to accumulated deficit were reflected to March 31, 2021 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	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	NOTE 5 - PROPERTY AND EQUIPMENT As of March 31, 2021 December 31, 2020 (unaudited) (audited) Office equipment $ 42,332 $ 42,332 Accumulated depreciation (22,810 ) (20,202 ) Property and equipment, net $ 19,522 $ 22,130 Depreciation expense, classified as operating expenses, was $2,608 and $2,412 for the three months ended March 31, 2021 and 2020, respectively. Accumulated depreciation for the three months ended March 31, 2021 and for year ended December 31, 2020 were $22,810 and $20,202, respectively.

Amount Due from Related Party

Amount Due from Related Party	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Amount Due from Related Party	NOTE 6 - AMOUNT DUE FROM RELATED PARTY As of March 31, 2021, and December 31,2020, our amount due from related party are $886,801 and $689,427, respectively. It was expected to be settled by the related parties in the second quarter of year 2021.

Prepaid Expenses and Other Rece

Prepaid Expenses and Other Receivables	3 Months Ended
	Mar. 31, 2021
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 March 31, 2021 and December 31, 2020: As of March 31, 2021 December 31, 2020 (unaudited) (audited) Prepaid expenses $ 25,197 $ 19,240 Total prepaid expenses and other receivables $ 25,197 $ 19,240 As of March 31, 2021, the balance $25,197 represented an outstanding prepaid expenses and other receivables which included social security fee, bus monitors maintenance fee, management fee and employee receivables. As of December 31, 2020, the balance $19,240 represented an outstanding prepaid expense and other receivables which included social security fee, bus monitors maintenance fee, management fee and employee receivables.

Account Payables

Account Payables	3 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
Account Payables	NOTE 8 - ACCOUNT PAYABLES Accounts payable consists of the following: As of March 31, 2021 December 31, 2020 (unaudited) (audited) Account payables $ 11,895 $ 18,534 Total $ 11,895 $ 18,534 The account payables balance of $11,895 includes $13,735 payables to a vendor for bus screen terminal platform fee. It was expected to be paid in the second quarter in 2021.

Accrued Expenses, Other Payable

Accrued Expenses, Other Payable and Deposits Received	3 Months Ended
	Mar. 31, 2021
Accrued Expenses Other Payable And Deposits Received
Accrued Expenses, Other Payable and Deposits Received	NOTE 9 – ACCRUED EXPENSES, OTHER PAYABLE AND DEPOSITS RECEIVED Other payable consisted of the following: As of March 31, 2021 December 31, 2020 (unaudited) (audited) Accrued expenses $ 7,176 $ 28,676 Other payable 210,306 157,448 Deposits received from customers 275,825 336,594 Total $ 493,307 $ 522,718 Accrued expenses include the audit fee & other accrued expenses. Other payable include the PRC tax payable, social insurance fee and housing fund, bus screen repair fee, accrued property management fee and employee payable. Deposits received from customers are advertisement service fee paid in advance by customers.

Deferred Revenue

Deferred Revenue	3 Months Ended
	Mar. 31, 2021
Deferred Revenue [Abstract]
Deferred Revenue	NOTE 10 - DEFERRED REVENUE As of March 31, 2021 and December 31, 2020, our deferred revenue are $1,298,997 and $1,585,905, respectively. These deferred revenue were expected to be recognized as revenue during the year 2021 and the first quarter of year 2022.

Due to Related Parties

Due to Related Parties	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Due to Related Parties	NOTE 11 - DUE TO RELATED PARTIES As of March 31, 2021 December 31, 2020 (unaudited) (audited) Amount due to related party B $ 227,238 $ 228,079 Amount due to related party C 24,599 24,690 Amount due to related party D 16,708 16,849 Amount due to related party E 130,531 131,013 Amount due to related party G 278,107 279,137 Amount due to related party H 7,893 7,922 Amount due to related party I 3,504 1,559 Amount due to related party J 209,264 222,099 Amount due to related party K 41,204 41,356 Amount due to related party L 14,668 14,668 Amount due to related party M 160,093 - Total $ 1,113,809 $ 967,372 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 three months ended March 31, 2021 and the years ended December 31, 2020, related party B advanced $227,238 and $228,079 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 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 Beijing Ezagoo Zhicheng Internet Technology Limited. For the three months ended March 31, 2021 and the years ended December 31, 2020, related party C advanced $24,599 and $24,690 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 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 three months ended March 31, 2021 and the years ended December 31, 2020, related party D advanced $16,708 and $16,849 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 three months ended March 31, 2021 and the years ended December 31, 2020, related party E advanced $130,531 and $131,013 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 three months ended March 31, 2021 and the years ended December 31, 2020, related party F advanced $886,801 and $689,427 from the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose. And it’s expected be settle by them in the second quarter of year 2021. Related party G is Kuaile Motors Camping Site Investment Development Limited. One of the shareholders of Beijing 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 three months ended March 31, 2021 and the years ended December 31, 2020, related party G advanced $278,107 and $279,137 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 Beijing 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 three months ended March 31, 2021 and the years ended December 31, 2020, related party H advanced $7,893 and $7,922 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 Beijing 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 three months ended March 31, 2021 and the years ended December 31, 2020 related party I advanced $3,504 and $1,559 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 Beijing Ezagoo Zhicheng Internet Technology Limited. For the three months ended March 31, 2021 and the years ended December 31, 2020 related party J advanced $209,264 and $222,099 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 Beijing 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 three months ended March 31, 2021 and the years ended December 31, 2020 related party K advanced $41,204 and $41,356 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 Beijing 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 March 31, 2021 and the years ended December 31, 2020 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. Related party M is Hunan Ezagoo Film Co., Limited, which 85% of its equity is owned by Mr. Xiao Hao Tan, he is the director of the Company. For the three months ended March 31, 2021 and the years ended December 31, 2020, the Company has $160,093 and $0 advertising production cost payable to related party M, which is unsecured, interest-free with no fixed payment term. During the period ended March 31, 2021, related parties imputed interest income of $4,475, and related party cost of revenue of 161,806.

Due to Director

Due to Director	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Due to Director	NOTE 12 - DUE TO DIRECTOR For the three months ended March 31, 2021 and the years ended December 31, 2020, a director of the Company advanced $35,036 and $35,107 to the Company, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Concentrations of Risk

Concentrations of Risk	3 Months Ended
	Mar. 31, 2021
Risks and Uncertainties [Abstract]
Concentrations of Risk	NOTE 13 - CONCENTRATIONS OF RISK (a) Major customers For the three months ended March 31, 2021, there are the customers that is more than 10% showing below of the Company’s revenues and the accounts receivable balances at period-end are presented as follows: For the three months ended As of Revenues Percentage of Accounts Customer J $ 47,312 10 % $ - Total: $ 47,312 10 % $ - (b) Major vendors For the three months ended March 31, 2021, 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 H $ 161,806 90 % $ 160,096 Total: $ 161,806 90 % $ 160,096 (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	3 Months Ended
	Mar. 31, 2021
Lessee Disclosure [Abstract]
Operating Lease	NOTE - 14 OPERATING LEASE The Company has two operating lease agreement for the office space, one is in Beijing China with lease term of 2 years 8 months and 17 days, one is in Changsha, Hunan China that paid month by month rent as of March 31, 2021 after the lease ends. A lease 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 three months ended March 31, 2021, the Company has incurred rent expenses solely for the office premises on a monthly basis as follows: Three months Ended Lease Cost Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations) $ 14,675 Other Information Cash paid for amounts included in the measurement of lease liabilities for the first quarter 2021 $ 14,728 Weighted average remaining lease term – operating leases (in years) 2.58 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 $ 465,102 Total operating lease assets $ 468,901 Short-term operating lease liabilities $ 123,500 Long-term operating lease liabilities $ 345,401 Total operating lease liabilities $ 468,901 Maturities of the Company’s lease liabilities are as follows: Period ending March 31, Operating Lease 2021 (remaining 9 months) 136,446 2022 190,759 2023 167,974 Total lease payments 495,179 Less: Imputed interest/present value discount (26,278 ) Present value of lease liabilities 468,901 For three months ended March 31, 2020, the Company has incurred rent expenses solely for the office premises on a monthly basis as follows: Three months Ended Lease Cost Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations) $ 13,791 Other Information Cash paid for amounts included in the measurement of lease liabilities for the first quarter 2020 $ 15,106 Weighted average remaining lease term – operating leases (in years) 0.67 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 $ 35,605 Total operating lease assets $ 35,605 Short-term operating lease liabilities $ 39,633 Long-term operating lease liabilities $ - Total operating lease liabilities $ 39,633 Maturities of the Company’s lease liabilities are as follows: Period ending March 31, Operating Lease 2020 (remaining 9 months) 40,283 2021 - Total lease payments 40,283 Less: Imputed interest/present value discount (650 ) Present value of lease liabilities 39,633 Lease expenses were $0 and $13,791 during the three months ended March 31, 2021 and 2020, respectively.

Additional Paid-in Capital - Ca

Additional Paid-in Capital - Capital Contribution	3 Months Ended
	Mar. 31, 2021
Additional Paid-in Capital - Capital Contribution
Additional Paid-in Capital - Capital Contribution	NOTE 15 – ADDITIONAL PAID-IN CAPITAL – CAPITAL CONTRIBUTION As of March 31, 2021, the Company has a total additional paid-in capital - capital contribution balance of $1,304,064. It includes $725,690 capital contribution from related party J. As of December 31, 2020, 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 Beijing Ezagoo Zhicheng Internet Technology Limited.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
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 advertising production cost 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 three months ended March 31, 2021. 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 2021 2020 Period-end CNY: US$1 exchange rate 6.55 7.08 Period-average CNY: US$1 exchange rate 6.48 6.98 Period-end HK$: US$1 exchange rate 7.75 7.75 Period-average HK$: US$1 exchange rate 7.77 7.77
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. After the adoption, $465,102 of operating lease right-of-use assets and $468,901 of lease liabilities for operating leases, and $3,799 of adjustment to accumulated deficit were reflected to March 31, 2021 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)	3 Months Ended
	Mar. 31, 2021
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 2021 2020 Period-end CNY: US$1 exchange rate 6.55 7.08 Period-average CNY: US$1 exchange rate 6.48 6.98 Period-end HK$: US$1 exchange rate 7.75 7.75 Period-average HK$: US$1 exchange rate 7.77 7.77

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	As of March 31, 2021 December 31, 2020 (unaudited) (audited) Office equipment $ 42,332 $ 42,332 Accumulated depreciation (22,810 ) (20,202 ) Property and equipment, net $ 19,522 $ 22,130

Prepaid Expenses and Other Re_2

Prepaid Expenses and Other Receivables (Tables)	3 Months Ended
	Mar. 31, 2021
Prepaid Expense and Other Assets [Abstract]
Schedule of Prepaid Expenses and Other Receivables	Prepaid expenses and other receivables consisted of the following at March 31, 2021 and December 31, 2020: As of March 31, 2021 December 31, 2020 (unaudited) (audited) Prepaid expenses $ 25,197 $ 19,240 Total prepaid expenses and other receivables $ 25,197 $ 19,240

Account Payables (Tables)

Account Payables (Tables)	3 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
Schedule of Accounts Payable	Accounts payable consists of the following: As of March 31, 2021 December 31, 2020 (unaudited) (audited) Account payables $ 11,895 $ 18,534 Total $ 11,895 $ 18,534

Accrued Expenses, Other Payab_2

Accrued Expenses, Other Payable and Deposits Received (Tables)	3 Months Ended
	Mar. 31, 2021
Accrued Expenses Other Payable And Deposits Received
Schedule of Other Payable	Other payable consisted of the following: As of March 31, 2021 December 31, 2020 (unaudited) (audited) Accrued expenses $ 7,176 $ 28,676 Other payable 210,306 157,448 Deposits received from customers 275,825 336,594 Total $ 493,307 $ 522,718

Due to Related Parties (Tables)

Due to Related Parties (Tables)	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Schedule of Due to Related Parties	As of March 31, 2021 December 31, 2020 (unaudited) (audited) Amount due to related party B $ 227,238 $ 228,079 Amount due to related party C 24,599 24,690 Amount due to related party D 16,708 16,849 Amount due to related party E 130,531 131,013 Amount due to related party G 278,107 279,137 Amount due to related party H 7,893 7,922 Amount due to related party I 3,504 1,559 Amount due to related party J 209,264 222,099 Amount due to related party K 41,204 41,356 Amount due to related party L 14,668 14,668 Amount due to related party M 160,093 - Total $ 1,113,809 $ 967,372

Concentrations of Risk (Tables)

Concentrations of Risk (Tables)	3 Months Ended
	Mar. 31, 2021
Risks and Uncertainties [Abstract]
Schedule of Major Customers and Major Vendors	(a) Major customers For the three months ended March 31, 2021, there are the customers that is more than 10% showing below of the Company’s revenues and the accounts receivable balances at period-end are presented as follows: For the three months ended As of Revenues Percentage of Accounts Customer J $ 47,312 10 % $ - Total: $ 47,312 10 % $ - (b) Major vendors For the three months ended March 31, 2021, 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 H $ 161,806 90 % $ 160,096 Total: $ 161,806 90 % $ 160,096

Operating Lease (Tables)

Operating Lease (Tables)	3 Months Ended
	Mar. 31, 2021
Lessee Disclosure [Abstract]
Schedule of Lease Cost and Other Information Related to Operating Leases	For three months ended March 31, 2021, the Company has incurred rent expenses solely for the office premises on a monthly basis as follows: Three months Ended Lease Cost Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations) $ 14,675 Other Information Cash paid for amounts included in the measurement of lease liabilities for the first quarter 2021 $ 14,728 Weighted average remaining lease term – operating leases (in years) 2.58 Average discount rate – operating leases 4.35 % For three months ended March 31, 2020, the Company has incurred rent expenses solely for the office premises on a monthly basis as follows: Three months Ended Lease Cost Operating lease cost (included in general and administration in the Company’s unaudited condensed statement of operations) $ 13,791 Other Information Cash paid for amounts included in the measurement of lease liabilities for the first quarter 2020 $ 15,106 Weighted average remaining lease term – operating leases (in years) 0.67 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 $ 465,102 Total operating lease assets $ 468,901 Short-term operating lease liabilities $ 123,500 Long-term operating lease liabilities $ 345,401 Total operating lease liabilities $ 468,901 The supplemental balance sheet information related to leases for the period is as follows: Operating leases Right-of-use assets $ 35,605 Total operating lease assets $ 35,605 Short-term operating lease liabilities $ 39,633 Long-term operating lease liabilities $ - Total operating lease liabilities $ 39,633
Schedule of Maturities of Lease Liabilities	Maturities of the Company’s lease liabilities are as follows: Period ending March 31, Operating Lease 2021 (remaining 9 months) 136,446 2022 190,759 2023 167,974 Total lease payments 495,179 Less: Imputed interest/present value discount (26,278 ) Present value of lease liabilities 468,901 Maturities of the Company’s lease liabilities are as follows: Period ending March 31, Operating Lease 2020 (remaining 9 months) 40,283 2021 - Total lease payments 40,283 Less: Imputed interest/present value discount (650 ) Present value of lease liabilities 39,633

Organization and Business Bac_2

Organization and Business Background (Details Narrative)	Jul. 20, 2018CNY (¥)	Jun. 30, 2018USD ($)$ / sharesshares	May 09, 2018USD ($)$ / sharesshares	Mar. 31, 2021$ / shares	Dec. 31, 2020$ / 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 Beijing Ezagoo Zhicheng Internet Technology Limited. CETL is to be compensated with 100% of all profits generated by Beijing 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
Common stock, par value			$ 0.0001
Proceeds from sale of stock | $			$ 9,005
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
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ (2,748,980)		$ (2,832,820)
Net operating profit	$ 83,840	$ (210,392)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Accounting Policies [Abstract]
Likelihood percentage description	Greater than 50%
Operating lease right-of-use assets	$ 465,102		$ 35,605
Lease liabilities for operating leases	468,901		$ 39,633
Adjustment to accumulated deficit	$ 3,799

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Plant and Equipment Expected Useful Lives (Details) - Office Equipment [Member]	3 Months Ended
	Mar. 31, 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)	Mar. 31, 2021	Mar. 31, 2020
Period-End [Member] | CNY [Member]
Foreign currency exchange rate	6.55	7.08
Period-End [Member] | HK [Member]
Foreign currency exchange rate	7.75	7.75
Period-Average [Member] | CNY [Member]
Foreign currency exchange rate	6.48	6.98
Period-Average [Member] | HK [Member]
Foreign currency exchange rate	7.77	7.77

Property and Equipment (Details

Property and Equipment (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 2,608	$ 2,412
Accumulated depreciation	$ 22,810		$ 20,202

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Office equipment	$ 42,332	$ 42,332
Accumulated depreciation	(22,810)	(20,202)
Property and equipment, net	$ 19,522	$ 22,130

Amount Due from Related Party (

Amount Due from Related Party (Details Narrative) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Amount due from related party	$ 886,801	$ 689,427

Prepaid Expenses and Other Re_3

Prepaid Expenses and Other Receivables (Details Narrative) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Prepaid Expense and Other Assets [Abstract]
Prepaid expenses and other receivables	$ 25,197	$ 19,240

Prepaid Expenses and Other Re_4

Prepaid Expenses and Other Receivables - Schedule of Prepaid Expenses and Other Receivables (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Prepaid Expense and Other Assets [Abstract]
Prepaid expenses	$ 25,197	$ 19,240
Total prepaid expenses and other receivables	$ 25,197	$ 19,240

Account Payable (Details Narrat

Account Payable (Details Narrative) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Account payables	$ 11,895	$ 18,534
Vendor [Member]
Account payables	$ 13,735

Account Payable - Schedule of A

Account Payable - Schedule of Accounts Payable (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Account payables	$ 11,895	$ 18,534
Total	$ 11,895	$ 18,534

Accrued Expenses, Other Payab_3

Accrued Expenses, Other Payable and Deposits Received - Schedule of Other Payable (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Accrued Expenses Other Payable And Deposits Received
Accrued expenses	$ 7,176	$ 28,676
Other payable	210,306	157,448
Deposits received from customers	275,825	336,594
Total other payable and accrued liabilities	$ 493,307	$ 522,718

Deferred Revenue (Details Narra

Deferred Revenue (Details Narrative) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Deferred Revenue [Abstract]
Deferred revenue	$ 1,298,997	$ 1,585,905

Due to Related Parties (Details

Due to Related Parties (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020
Due to related parties	$ 1,113,809			$ 967,372
Related party costs of revenue	161,806	$ 0
Related Party B [Member]
Due to related parties	$ 227,238			228,079
Related Party B [Member] | Mr. Xiaohao Tan [Member]
Ownership percentage	2.40%
Related Party C [Member]
Due to related parties	$ 24,599			24,690
Related Party D [Member]
Due to related parties	16,708			16,849
Related Party E [Member]
Due to related parties	$ 130,531			131,013
Related Party E [Member] | Mr. Xiaohao Tan [Member]
Ownership percentage	98.00%
Related Party F [Member] | Administrative Expense [Member]
Due to related parties	$ 886,801			689,427
Related Party G [Member]
Due to related parties	$ 278,107			279,137
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	$ 7,893			7,922
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	$ 3,504			1,559
Related Party I [Member] | Beijing Ezagoo Shopping Holding Limited [Member]
Ownership percentage	80.00%
Related Party J [Member]
Due to related parties	$ 209,264			222,099
Related Party K [Member]
Due to related parties	41,204			41,356
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%
Related Party M [Member]
Due to related parties	$ 160,093
Related Party M [Member] | Mr. Xiaohao Tan [Member]
Ownership percentage	85.00%
Advertising cost	$ 160,093		$ 0
Related Party [Member]
Imputed interest	4,475
Related party costs of revenue	$ 161,806

Due to Related Parties - Schedu

Due to Related Parties - Schedule of Due to Related Parties (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Amount due to related party, Total	$ 1,113,809	$ 967,372
Related Party B [Member]
Amount due to related party, Total	227,238	228,079
Related Party C [Member]
Amount due to related party, Total	24,599	24,690
Related Party D [Member]
Amount due to related party, Total	16,708	16,849
Related Party E [Member]
Amount due to related party, Total	130,531	131,013
Related Party G [Member]
Amount due to related party, Total	278,107	279,137
Related Party H [Member]
Amount due to related party, Total	7,893	7,922
Related Party I [Member]
Amount due to related party, Total	3,504	1,559
Related Party J [Member]
Amount due to related party, Total	209,264	222,099
Related Party K [Member]
Amount due to related party, Total	41,204	41,356
Related Party L [Member]
Amount due to related party, Total	14,668	14,668
Related Party M [Member]
Amount due to related party, Total	$ 160,093

Due to Director (Details Narrat

Due to Director (Details Narrative) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Due to director	$ 35,036	$ 35,107

Concentrations of Risk (Details

Concentrations of Risk (Details Narrative)	3 Months Ended
	Mar. 31, 2021
Vendor [Member]
Concentration risk percentage	10.00%
Customer [Member]
Concentration risk percentage	10.00%

Concentrations of Risk - Schedu

Concentrations of Risk - Schedule of Major Customers and Major Vendors (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Revenues	$ 452,254	$ 5,318
Purchases	179,343	$ 33,577
Accounts payable	11,895		$ 18,534
Customer Concentration Risk [Member]
Revenues	$ 47,312
Percentage of revenues/purchases	10.00%
Accounts receivable
Customer Concentration Risk [Member] | Customer J [Member]
Revenues	$ 47,312
Percentage of revenues/purchases	10.00%
Accounts receivable
Supplier Concentration Risk [Member]
Percentage of revenues/purchases			90.00%
Purchases			$ 161,806
Accounts payable			$ 160,096
Supplier Concentration Risk [Member] | Vendor H [Member]
Percentage of revenues/purchases	90.00%
Purchases	$ 161,806
Accounts payable	$ 160,096

Operating Lease (Details Narrat

Operating Lease (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Lease expenses	$ 0	$ 13,791
Two Operating Lease Agreement [Member] | Beijing China [Member]
Lease term	2 years 8 months 17 days

Operating Lease - Schedule of L

Operating Lease - Schedule of Lease Cost and Other Information Related to Operating Leases (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Lessee Disclosure [Abstract]
Operating lease cost (included in general and administration in the Company's unaudited condensed statement of operations)	$ 14,675	$ 13,791
Cash paid for amounts included in the measurement of lease liabilities for the first quarter 2021	$ 14,728	$ 15,106
Weighted average remaining lease term - operating leases (in years)	2 years 6 months 29 days	8 months 2 days
Average discount rate - operating leases	435.00%	4.35%

Operating Lease - Schedule of S

Operating Lease - Schedule of Supplemental Balance Sheet Information Related to Leases (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Lessee Disclosure [Abstract]
Right-of-use assets	$ 465,102		$ 35,605
Total operating lease assets	468,102		35,605
Short-term operating lease liabilities	123,500		39,633
Long-term operating lease liabilities	345,401
Total operating lease liabilities	$ 468,901		$ 39,633

Operating Lease - Schedule of M

Operating Lease - Schedule of Maturities of Lease Liabilities (Details) - USD ($)	Mar. 31, 2021	Mar. 31, 2020
Lessee Disclosure [Abstract]
2021 (remaining 9 months)	$ 136,446	$ 40,283
2022	190,759
2023	167,974
Total lease payments	495,179	40,283
Less: Imputed interest/present value discount	(26,278)	(650)
Present value of lease liabilities	$ 468,901	$ 39,633

Additional Paid-in Capital - _2

Additional Paid-in Capital - Capital Contribution (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Additional paid-in capital - capital contribution	$ 1,304,064	$ 1,308,646
Related Party J [Member]
Capital contribution from related party	$ 725,690	$ 725,690