Trans Global (TGGI) 10-Q 1 Sep 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2023	Aug. 31, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	033-20966
Entity Registrant Name	TRANS GLOBAL GROUP INC.
Entity Central Index Key	0001891791
Entity Tax Identification Number	88-0298190
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	Rm 2701
Entity Address, Address Line Two	Block A
Entity Address, Address Line Three	Zhantao Technology Building
Entity Address, Address Line Four	Minzhi Street
Entity Address, City or Town	Shenzhen
Entity Address, Country	CN
Entity Address, Postal Zip Code	518000
City Area Code	+86
Local Phone Number	138 2338 3535
Title of 12(b) Security	Common stock
Trading Symbol	TGGI
Entity Current Reporting Status	Yes
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		22,131,339,996

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 2,647	$ 7,136
Amount due from the related parties	52,126	53,669
Prepayments and other receivables	176,446	207,690
TOTAL CURRENT ASSETS	231,219	268,495
NON-CURRENT ASSETS
Property, plant and equipment, net	1,591	1,832
Intangible assets, net	9,700,950	10,254,058
Operating lease ROU assets	33,701	55,206
TOTAL NON-CURRENT ASSETS	9,736,242	10,311,096
TOTAL ASSETS	9,967,461	10,579,591
CURRENT LIABILITIES
Accounts payable	382,070	406,375
Accrued liabilities and other payables	69,632	76,869
Contract liabilities	470,802	470,281
Amount due to a director	214,730	186,716
Due to related party	347
Operating lease liabilities	34,052	55,785
TOTAL CURRENT LIABILITIES	1,171,633	1,196,026
TOTAL LIABILITIES	1,171,633	1,196,026
STOCKHOLDERS’ EQUITY
Preferred stock, $0.0001 par value, 1,500,000 shares authorized, 20,000 and 20,000 shares issued and outstanding, March 31, 2023 and December 31, 2022, respectively	2	2
Common stock, $0.0001 par value, 99,995,000,000 shares authorized, 22,131,339,996 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	2,213,134	2,213,134
Additional paid-in capital	11,943,072	11,943,072
Accumulated other comprehensive income	(302,543)	(345,137)
Accumulated deficit	(5,057,837)	(4,427,506)
TOTAL STOCKHOLDERS’ EQUITY	8,795,828	9,383,565
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 9,967,461	$ 10,579,591

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,500,000	1,500,000
Preferred stock, shares issued	20,000	20,000
Preferred stock, shares outstanding	20,000	20,000
Common stock, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	99,995,000,000	99,995,000,000
Common stock, shares issued	22,131,339,996	22,131,339,996
Common stock, shares outstanding	22,131,339,996	22,131,339,996

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
OPERATING EXPENSES
Sales & marketing expenses	$ 7,678
General & administrative expenses	622,690	4,234
TOTAL OPERATING EXPENSES	630,368	4,234
OPERATING LOSS	(630,368)	(4,234)
OTHER INCOME
Non-operating income	37
TOTAL OTHER INCOME	37
LOSS BEFORE INCOME TAX	(630,331)	(4,234)
INCOME TAX EXPENSE
NET LOSS	(630,331)	(4,234)
Other comprehensive loss
Foreign currency translation adjustment	(42,594)
COMPREHENSIVE LOSS	$ (672,925)	$ (4,234)
Net loss per share - Basic	$ 0	$ 0
Net loss per share - Diluted	$ 0	$ 0
Weighted Average Number of shares outstanding - Basic	22,131,339,996	20,665,578,306
Weighted Average Number of shares outstanding - Diluted	22,131,339,996	20,665,578,306

ONDENSED CONSOLIDATED STATEMENT

ONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2021	$ 22	$ 866,558	$ 215,523		$ (1,160,273)	$ (78,170)
Beginning balance, shares at Dec. 31, 2021	220,000	8,665,578,306
Accumulated other comprehensive loss	$ (20)	$ 1,200,000	(215,523)		(984,457)
Accumulated other comprehensive loss, shares	(200,000)	12,000,000,000
Net loss					(4,234)	(4,234)
Ending balance, value at Mar. 31, 2022	$ 2	$ 2,066,558			(2,148,964)	(82,404)
Ending balance, shares at Mar. 31, 2022	20,000	20,665,578,306
Beginning balance, value at Dec. 31, 2022	$ 2	$ 2,213,134	11,943,072	(345,137)	(4,427,506)	9,383,565
Beginning balance, shares at Dec. 31, 2022	20,000	22,131,339,996
Accumulated other comprehensive loss				42,594		42,594
Accumulated other comprehensive loss, shares
Net loss					(630,331)	(630,331)
Ending balance, value at Mar. 31, 2023	$ 2	$ 2,213,134	$ 11,943,072	$ (302,543)	$ (5,057,837)	$ 8,795,828
Ending balance, shares at Mar. 31, 2023	20,000	22,131,339,996

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (630,331)	$ (4,234)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization expenses	575,327
Amortization of ROU assets, net	21,282
Changes in operating assets and liabilities:
Prepayments and other receivables	26,215
Accounts payable	(12,990)
Accrued liabilities and other payables	(6,901)
Contract liabilities	14,761
Operating lease obligations	(20,915)
Net cash used in operating activities	(33,552)	(4,234)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	89
Net cash provided by investing activities	89
CASH FLOWS FROM FINANCING ACTIVITIES:
Advanced from the related parties	343
Advanced from a director	29,030	4,234
Net cash provided by financing activities	29,373	4,234
Effect of exchange rate changes on cash and cash equivalents	(399)
Net change in cash and cash equivalents	(4,489)
Cash and cash equivalents, beginning of period	7,136
CASH AND CASH EQUIVALENTS, END OF PERIOD	2,647
SUPPLEMENTAL CASH FLOWS INFORMATION
Cash paid for income taxes
Cash paid for interest paid
NON-CASH INVESTING AND FINANCING ACTIVITIES
Expenses paid by the related parties on behalf of the Company	17,000
Interest expense for lease liabilities	$ 406

ORGANIZATION AND BUSINESS BACKG

ORGANIZATION AND BUSINESS BACKGROUND	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS BACKGROUND	NOTE 1 – ORGANIZATION AND BUSINESS BACKGROUND Trans Global Group, Inc. (the “Company”) was formed in the State of Delaware on December 31, 1993 as Teletek, Inc. On October, 2007, the Company changed its name to Trans Global Group, Inc., its current name. The Company’s purpose is to seek, investigate and, if such investigation warrants, acquire an interest in business opportunities presented to it by persons or firms who or which desire to seek the perceived advantages of an issuer who has complied with the Exchange Act. The Company will not restrict its search to any specific business, industry, or geographical location and the Company may participate in a business venture of virtually any kind or nature and we have not established any particular criteria upon which we consider a business opportunity. This discussion of the proposed business herein is purposefully general and is not meant to be restrictive of the Company’s virtually unlimited discretion to search for and enter into potential business opportunities. Management anticipates that it may be able to participate in only one potential business venture because the Company has nominal assets and limited financial resources. On August 8, 2022, the Company entered into a share exchange agreement (the “Share Exchange Agreement”) with ZXG Holdings Limited (“ZXGBVI”), a BVI Business company. the sole shareholder of ZXGBVI, Southsea Global Limited. (“Southsea”), a BVI Business Company, which is wholly 100% 1,465,761,689 and closed the acquisition of ZXGBVI on June 30, 2022. The Company’s accounting year-end is December 31.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented. Principle of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. The results of subsidiaries acquired during the respective periods are included in the consolidated statements of operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. The portion of the income or loss applicable to noncontrolling interests in subsidiaries is reflected in the consolidated statements of operations. As of March 31, 2023 Schedule of Company’s major subsidiaries Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation ZXG Holdings Limited (“ZXGBVI”) May 16, 2022 Trans Global Group, Inc. Investment holding The British Virgin Islands (“BVI”) Hong Kong Zuixiangui International Holding Co., Ltd. (“ZXGHK”) March 22, 2021 ZXG Holdings Limited Investment holding Hong Kong, PRC Zui Xian Gui International Holding (Shenzhen) Ltd. (“ZXGWFOE”) September 15, 2021 Hong Kong Zuixiangui International Holding Co., Ltd. Investment holding PRC Shenzhen Zui Xian Gui Brewery Technology Ltd. (“ZXGSZ”) July 24, 2019 Zui Xian Gui International Holding (Shenzhen) Ltd. Trading of beverages PRC Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. Foreign currency translation and re-measurement The functional currency of the Company is the Chinese Renminbi (“RMB”). The Company, whose translates their accounts into the U.S. dollar as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period Adjustments arising from such translations are included in accumulated other comprehensive income in stockholders’ equity. Schedule of foreign exchange rate As of and for the three months ended March 31, 2023 2022 Spot USD: RMB exchange rate $ 7.11594 $ 6.34110 Average USD: RMB exchange rate $ 6.84264 $ 6.34833 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US Dollars at the rates used in translation. Cash and Cash Equivalents Cash equivalents consist of highly liquid investments with maturities of three months or less when purchased. Cash and cash equivalents are on deposit with financial institutions without any restrictions. As of , 2023 and December 31, 2022, cash equivalents amounted to $ 2,647 7,136 Other receivables Other receivables are stated at the customer obligations due under normal trade terms net of allowance for doubtful accounts. Property, plant and equipment, net Property, plant and equipment are carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives of the property and equipment are as follows: Schedule of estimated useful lives of property and equipment Office equipment 5 The cost of maintenance and repairs is charged to expenses as incurred, whereas significant renewals and betterments are capitalized. Intangible assets, net Intangible assets with definite lives are stated at cost less accumulated amortization and consist mainly of distribution channel that was acquired in the acquisition of ZXGBVI. Amortization is calculated on the straight-line basis over the following estimated useful lives: Schedule of estimated useful lives Categories Estimated useful life Distribution channel 5 Operating leases The Company recognizes its leases in accordance with ASC 842 - Leases. Under ASC 842, 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. The initial lease liability is equal to the future fixed minimum lease payments discounted using the Company’s incremental borrowing rate, on a secured basis. The lease term includes option renewal periods and early termination payments when it is reasonably certain that the Company will exercise those rights. The initial measurement of the ROU asset is equal to the initial lease liability plus any initial direct costs and prepayments, less any lease incentives. The Company elected the short-term lease exemption for contracts with lease terms of 12 months or less. 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. Revenue recognition The Company follows the guidance of ASC 606, revenue from contracts with customers is recognized using the following five steps: 1. Identify the contract(s) with a customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations in the contract; and 5. Recognize revenue when (or as) the entity satisfies a performance obligation. Under Topic 606, revenues are recognized when the promised products have been confirmed of delivery or services have been transferred to the consumers in amounts that reflect the consideration the customer expects to be entitled to in exchange for those services. The Company presents value added taxes (“VAT”) as reductions of revenues. The Company recognizes revenues net of value added taxes (“VAT”) and relevant charges. We generate revenue primarily from the sales of beverages directly to agents, wholesalers and end users. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or delivered to our customers. We account for packaging, shipping and handling fees as a fulfillment cost. Contract liabilities Contract liabilities consist mainly of advances from customers. On certain occasions, the Company may receive prepayments from downstream retailers or wholesales customers for wines prior to them taking possession of the Company’s products. The Company records these receipts as customer advances until the control of the products has been transferred the customers. As of March 31, 2023 and December 31, 2022, the Company had customer advances of $ 470,802 470,281 0 Value-added taxes Revenue is recognized net of value-added taxes (“VAT”). The VAT is based on gross sales price and VAT rates applicable to the Company is 3% for the period from the beginning of July 2019 till the end of February 2020, then changed to 1% from the beginning of 2020 till the end of February 2022. The VAT rate applicable to companies from March 2022 to March 2023 is 13%. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded as VAT payable if output VAT is larger than input VAT and is recorded as VAT recoverable if input VAT is larger than output VAT. All of the VAT returns filed by the Company’s subsidiaries in the PRC, have been and remain subject to examination by the PRC tax authorities for five years from the date of filing. VAT payables are included in accrued liabilities. Income Taxes The Company follows FASB ASC Subtopic 740, Income Taxes, for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change. Stock-based Compensation The Company follows FASB ASC Subtopic 718, Stock Compensation, for accounting for stock-based compensation. The guidance requires that new, modified and unvested share-based payment transactions with employees, such as grants of stock options and restricted stock, be recognized in the consolidated financial statements based on their fair value at the grant date and recognized as compensation expense over their vesting periods. The Company also follows the guidance for equity instruments issued to consultants. Earnings (loss) per Share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC Topic 260, “Earnings per share”. Basic EPS is measured as the income or loss available to common shareholders divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options, and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. Related party transactions Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. Recent Accounting Pronouncements In March 2021, the FASB issued ASU 2021-03, “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 but not applicable for us for the period ending December 31, 2022. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance as of March 30, 2021. An entity should not retroactively adopt the amendments in this update for interim financial statements already issued in the year of adoption. We are evaluating the effects, if any, of the adoption of this guidance on our financial position, results of operations and cash flows. In June 2022, the FASB issued ASU No. 2022-03, 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, 2023. Implementation on a prospective or retrospective basis varies by specific disclosure requirement. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	NOTE 3 - GOING CONCERN The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business. As reflected in the accompanying financial statements, the Company had accumulated losses of $ 5,057,837 940,414 The ability of the Company to continue as a going concern is dependent on the undertaking of its shareholders to provide continuing financial support to enable the Company to meet its liabilities as and when they fall due.

PREPAYMENTS AND OTHER RECEIVABL

PREPAYMENTS AND OTHER RECEIVABLES	3 Months Ended
	Mar. 31, 2023
Prepayments And Other Receivables
PREPAYMENTS AND OTHER RECEIVABLES	NOTE 4 – PREPAYMENTS AND OTHER RECEIVABLES Prepayments and other receivables consisted of the following as of March 31, 2023 and December 31, 2022: Schedule of Prepayments and other receivables As of March 31, December 31, Prepayments $ 4,912 $ 161,420 Other receivables 309,190 188,046 Less: Allowance for doubtful accounts (137,656 ) (141,776 ) Other receivables, net 171,534 46,270 Total prepayments and other receivables $ 176,446 $ 207,690 Balance of prepayments represented the advanced payments to suppliers. And the balance of other receivables included deposit of office rent and JD platform, and FA consulting fee.

AMOUNT DUE FROM THE RELATED PAR

AMOUNT DUE FROM THE RELATED PARTIES	3 Months Ended
	Mar. 31, 2023
Amount Due From Related Parties
AMOUNT DUE FROM THE RELATED PARTIES	NOTE 5 – AMOUNT DUE FROM THE RELATED PARTIES Schedule of due from the related party As of March 31, December 31, Guizhou Zui Xian Gui Liquor Co., Ltd. Ren Chen is the legal representative and shareholder of the Guizhou Zui Xian Gui Liquor Co., Ltd. $ 45,770 $ 47,141 Shenzhen Zui Xian Gui Supply Chain Co., Ltd. Ren Chen is the legal representative and shareholder of the Shenzhen Zui Xian Gui Supply Chain Co., Ltd. 6,216 6,402 Zhiyu Lv Manager of the ZXGSZ 140 126 Total amount due from the related party $ 52,126 $ 53,669 The amount due from the related parties are unsecured with non-interest bearing, that are expected to be collect at the year ended 2023.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	NOTE 6 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consisted of the following as of March 31, 2023 and December 31, 2022: Schedule of property, plant and equipment As of March 31, December 31, Office equipment $ 1,929 $ 2074 Less: Accumulated depreciations (338 ) (242 ) Total property, plant and equipment, net $ 1,591 $ 1,832 Depreciation expense, which was included in general and administrative expenses, for the three months ended March 31, 2023 and 2022 was $ 96 0

INTANGIBLE ASSETS

INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 7 – INTANGIBLE ASSETS Intangible assets and related accumulated amortization were as follows: Schedule of intangible assets As of March 31, December 31, Distributor channel $ 11,749,874 $ 11,749,874 Less: Accumulated amortization (1,745,511 ) (1,170,280 ) Less: Effect on exchange rate (303,413 ) (325,536 ) Total $ 9,700,950 $ 10,254,058 Amortization expense for the three months ended March 31, 2023 and December 31, 2022 was $ 575,231 0 As of , the future estimated amortization costs for distribution channel are as follows: Schedule of future amortization costs of intangible assets 2023 $ 1,659,325 2024 2,212,433 2025 2,212,433 2026 2,212,433 Thereafter 1,106,215 Effect on exchange rate 298,111 Total $ 9,700,950

ACCRUED LIABILITIES AND OTHER P

ACCRUED LIABILITIES AND OTHER PAYABLES	3 Months Ended
	Mar. 31, 2023
Payables and Accruals [Abstract]
ACCRUED LIABILITIES AND OTHER PAYABLES	NOTE 8 – ACCRUED LIABILITIES AND OTHER PAYABLES Accrued liabilities and other payables consisted of the following as of March 31, 2023 and December 31, 2022: Schedule of accrued liabilities and other payables As of March 31, December 31, Accrued liabilities $ 56,500 $ 57,500 Other payables 13,132 19,369 Total Accrued liabilities and other payables $ 69,632 $ 76,869 Balance of accrued liabilities included the audit & related expenses. And the balance of other payables included the accrual staff’s salaries & individual tax, VAT surcharge taxes, and payables to marketing fees.

CONTRACT LIABILITIES

CONTRACT LIABILITIES	3 Months Ended
	Mar. 31, 2023
Other Liabilities Disclosure [Abstract]
CONTRACT LIABILITIES	NOTE 9 – CONTRACT LIABILITIES Contract liabilities consisted of the following as of March 31, 2023 and December 31, 2022: Schedule of contract liabilities As of March 31, December 31, Contract liabilities $ 470,802 $ 470,281 Balance of contract liabilities are the prepayment from the customers which are expected to be recognized as revenue during the year of 2023.

AMOUNT DUE TO A DIRECTOR

AMOUNT DUE TO A DIRECTOR	3 Months Ended
	Mar. 31, 2023
Amount Due To Director
AMOUNT DUE TO A DIRECTOR	NOTE 10 – AMOUNT DUE TO A DIRECTOR As of March 31, 2023 and December 31, 2022, the amount due to a director are $ 214,730 186,716

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 11 – INCOME TAXES The Company’s primary operations are in the PRC, and in accordance with the relevant tax laws and regulations. The corporate income tax rate for each country is as follows: United States of America The Company is registered in the State of Delaware and is subject to United States of America tax law. The U.S. federal income tax rate is 21%. The British Virgin Islands Under the current laws of the British Virgin Islands , ZXG Holding Ltd. is registered as a BVI business company which governs by the International Business Companies Act of British Islands and there is no income tax charged in . Hong Kong Hong Kong Zuixiangui International Holding Co., Ltd. is subject to Hong Kong Profits Tax, which is charged at the statutory income rate of 8.25% People’s Republic of China Zui Xian Gui International Holding (Shenzhen) Ltd. and Shenzhen Zui Xian Gui Brewery Technology Ltd. are operating in the People’s Republic of China (“PRC”) subject to the Corporate Income Tax governed by the Income Tax Law of the People’s Republic of China with a unified statutory income tax rate of 25%. During the period ended March 31, 2023, the operations in People’s Republic of China incurred the net loss of $ 245,492 The following tables provide the reconciliation of the differences between the statutory and effective tax expenses for the three months ended March 31, 2023, and 2022: Schedule of income tax expenses Three months ended 2023 2022 Loss attributed to PRC operations $ (39,100 ) $ - PRC Statutory tax at 25% rate - - Effect of PRC deductions and other reconciling items - - Income tax $ - $ - The difference between the U.S. federal statutory income tax rate and the Company’s effective tax rate was as follows for the period ended March 31, 2023, and 2022: Schedule of effective tax rates Three months ended 2023 2022 U.S. federal statutory income tax rate 21.0 % 21.0 % Higher rate in PRC, net 4.0 % 4.0 % Reconciling items, net operating losses in PRC, election to not recognize tax asset -25.0 % -25.0 % The Company’s effective tax rate - % - %

RELATED PARTIES_ TRANSACTIONS

RELATED PARTIES’ TRANSACTIONS	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTIES’ TRANSACTIONS	NOTE 12 – RELATED PARTIES’ TRANSACTIONS As of March 31, 2023 and December 31,2022, the amount due to a director are $ 214,730 186,716

NET LOSS PER SHARE

NET LOSS PER SHARE	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NOTE 13 – NET LOSS PER SHARE Basic net loss per share is computed using the weighted average number of common shares outstanding during the periods. The dilutive effect of potential common shares outstanding is included in diluted net loss per share. Due to the Company’s net loss from its continuing operations, all potential common share issuances had anti-dilutive effect on net loss per share. The following table sets forth the computation of basic and diluted net loss per share for the three months ended March 31, 2023, and 2022: Schedule of basic and diluted net loss per share Three months ended 2023 2022 Total net loss attributable to common shareholders $ 630,331 $ 4,234 Weighted average common shares outstanding – Basic and diluted 22,131,339,996 20,665,578,306 Loss per shares – basic and diluted: Loss per shares – basic and diluted: $ (0.00 ) $ (0.00 )

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2023
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 14 - STOCKHOLDERS’ EQUITY Authorized Capital Stock Common Stock The Company is authorized to issue 99,995,000,000 0.0001 , 2023, 22,131,339,996 Preferred Stock The Company is authorized to issue 1,500,000 0.0001 , 2023, 20,000 Capital Stock Issued On January 30, 2020, the Company exchanged 1,200,000 shares of old series AA preferred stock for 200,000 shares of new series AA preferred stock. On September 20, 2020, the Company issued 800,000,000 shares of common stock to VS Services, LLC for conversion of note and accrued interests. On September 22, 2020, the Company issued 20,000 series B preferred stock to Chen Ren. On March 7, 2022, 200,000 shares of series AA preferred stock were converted into 12,000,000,000 shares of common stock. 100% 1,465,761,690

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 15 – SUBSEQUENT EVENTS In accordance with FASB ASC 855-10 Subsequent Events, the Company has analyzed its operations subsequent to March 31, 2023, to the date these unaudited condensed consolidated financial statements were issued and has determined that it does not have any material subsequent events to disclose in these consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The Company’s financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that 1) recorded transactions are valid; 2) valid transactions are recorded; and 3) transactions are recorded in the proper period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the Company for the respective periods being presented.
Principle of consolidation	Principle of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany accounts and transactions have been eliminated. The results of subsidiaries acquired during the respective periods are included in the consolidated statements of operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. The portion of the income or loss applicable to noncontrolling interests in subsidiaries is reflected in the consolidated statements of operations. As of March 31, 2023 Schedule of Company’s major subsidiaries Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation ZXG Holdings Limited (“ZXGBVI”) May 16, 2022 Trans Global Group, Inc. Investment holding The British Virgin Islands (“BVI”) Hong Kong Zuixiangui International Holding Co., Ltd. (“ZXGHK”) March 22, 2021 ZXG Holdings Limited Investment holding Hong Kong, PRC Zui Xian Gui International Holding (Shenzhen) Ltd. (“ZXGWFOE”) September 15, 2021 Hong Kong Zuixiangui International Holding Co., Ltd. Investment holding PRC Shenzhen Zui Xian Gui Brewery Technology Ltd. (“ZXGSZ”) July 24, 2019 Zui Xian Gui International Holding (Shenzhen) Ltd. Trading of beverages PRC
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to income taxes and contingencies. The Company bases its estimates on historical experience, known or expected trends, and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.
Foreign currency translation and re-measurement	Foreign currency translation and re-measurement The functional currency of the Company is the Chinese Renminbi (“RMB”). The Company, whose translates their accounts into the U.S. dollar as follows: ● Assets and liabilities at the rate of exchange in effect at the balance sheet date ● Equities at the historical rate ● Revenue and expense items at the average rate of exchange prevailing during the period Adjustments arising from such translations are included in accumulated other comprehensive income in stockholders’ equity. Schedule of foreign exchange rate As of and for the three months ended March 31, 2023 2022 Spot USD: RMB exchange rate $ 7.11594 $ 6.34110 Average USD: RMB exchange rate $ 6.84264 $ 6.34833 The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US Dollars at the rates used in translation.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents consist of highly liquid investments with maturities of three months or less when purchased. Cash and cash equivalents are on deposit with financial institutions without any restrictions. As of , 2023 and December 31, 2022, cash equivalents amounted to $ 2,647 7,136
Other receivables	Other receivables Other receivables are stated at the customer obligations due under normal trade terms net of allowance for doubtful accounts.
Property, plant and equipment, net	Property, plant and equipment, net Property, plant and equipment are carried at cost less accumulated depreciation. Depreciation is provided over their estimated useful lives, using the straight-line method. Estimated useful lives of the property and equipment are as follows: Schedule of estimated useful lives of property and equipment Office equipment 5 The cost of maintenance and repairs is charged to expenses as incurred, whereas significant renewals and betterments are capitalized.
Intangible assets, net	Intangible assets, net Intangible assets with definite lives are stated at cost less accumulated amortization and consist mainly of distribution channel that was acquired in the acquisition of ZXGBVI. Amortization is calculated on the straight-line basis over the following estimated useful lives: Schedule of estimated useful lives Categories Estimated useful life Distribution channel 5
Operating leases	Operating leases The Company recognizes its leases in accordance with ASC 842 - Leases. Under ASC 842, 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. The initial lease liability is equal to the future fixed minimum lease payments discounted using the Company’s incremental borrowing rate, on a secured basis. The lease term includes option renewal periods and early termination payments when it is reasonably certain that the Company will exercise those rights. The initial measurement of the ROU asset is equal to the initial lease liability plus any initial direct costs and prepayments, less any lease incentives. The Company elected the short-term lease exemption for contracts with lease terms of 12 months or less. 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.
Revenue recognition	Revenue recognition The Company follows the guidance of ASC 606, revenue from contracts with customers is recognized using the following five steps: 1. Identify the contract(s) with a customer; 2. Identify the performance obligations in the contract; 3. Determine the transaction price; 4. Allocate the transaction price to the performance obligations in the contract; and 5. Recognize revenue when (or as) the entity satisfies a performance obligation. Under Topic 606, revenues are recognized when the promised products have been confirmed of delivery or services have been transferred to the consumers in amounts that reflect the consideration the customer expects to be entitled to in exchange for those services. The Company presents value added taxes (“VAT”) as reductions of revenues. The Company recognizes revenues net of value added taxes (“VAT”) and relevant charges. We generate revenue primarily from the sales of beverages directly to agents, wholesalers and end users. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or delivered to our customers. We account for packaging, shipping and handling fees as a fulfillment cost.
Contract liabilities	Contract liabilities Contract liabilities consist mainly of advances from customers. On certain occasions, the Company may receive prepayments from downstream retailers or wholesales customers for wines prior to them taking possession of the Company’s products. The Company records these receipts as customer advances until the control of the products has been transferred the customers. As of March 31, 2023 and December 31, 2022, the Company had customer advances of $ 470,802 470,281 0
Value-added taxes	Value-added taxes Revenue is recognized net of value-added taxes (“VAT”). The VAT is based on gross sales price and VAT rates applicable to the Company is 3% for the period from the beginning of July 2019 till the end of February 2020, then changed to 1% from the beginning of 2020 till the end of February 2022. The VAT rate applicable to companies from March 2022 to March 2023 is 13%. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded as VAT payable if output VAT is larger than input VAT and is recorded as VAT recoverable if input VAT is larger than output VAT. All of the VAT returns filed by the Company’s subsidiaries in the PRC, have been and remain subject to examination by the PRC tax authorities for five years from the date of filing. VAT payables are included in accrued liabilities.
Income Taxes	Income Taxes The Company follows FASB ASC Subtopic 740, Income Taxes, for recording the provision for income taxes. Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled. Deferred income tax expenses or benefits are based on the changes in the asset or liability each period. If available evidence suggests that it is more likely than not that some portion or all of the deferred tax assets will not be realized, a valuation allowance is required to reduce the deferred tax assets to the amount that is more likely than not to be realized. Future changes in such valuation allowance are included in the provision for deferred income taxes in the period of change.
Stock-based Compensation	Stock-based Compensation The Company follows FASB ASC Subtopic 718, Stock Compensation, for accounting for stock-based compensation. The guidance requires that new, modified and unvested share-based payment transactions with employees, such as grants of stock options and restricted stock, be recognized in the consolidated financial statements based on their fair value at the grant date and recognized as compensation expense over their vesting periods. The Company also follows the guidance for equity instruments issued to consultants.
Earnings (loss) per Share	Earnings (loss) per Share The Company computes earnings (loss) per share (“EPS”) in accordance with ASC Topic 260, “Earnings per share”. Basic EPS is measured as the income or loss available to common shareholders divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options, and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS.
Related party transactions	Related party transactions Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2021, the FASB issued ASU 2021-03, “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 but not applicable for us for the period ending December 31, 2022. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance as of March 30, 2021. An entity should not retroactively adopt the amendments in this update for interim financial statements already issued in the year of adoption. We are evaluating the effects, if any, of the adoption of this guidance on our financial position, results of operations and cash flows. In June 2022, the FASB issued ASU No. 2022-03, 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, 2023. Implementation on a prospective or retrospective basis varies by specific disclosure requirement. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Schedule of Company’s major subsidiaries	Schedule of Company’s major subsidiaries Entity Name Date of Incorporation Parent Entity Nature of Operation Place of Incorporation ZXG Holdings Limited (“ZXGBVI”) May 16, 2022 Trans Global Group, Inc. Investment holding The British Virgin Islands (“BVI”) Hong Kong Zuixiangui International Holding Co., Ltd. (“ZXGHK”) March 22, 2021 ZXG Holdings Limited Investment holding Hong Kong, PRC Zui Xian Gui International Holding (Shenzhen) Ltd. (“ZXGWFOE”) September 15, 2021 Hong Kong Zuixiangui International Holding Co., Ltd. Investment holding PRC Shenzhen Zui Xian Gui Brewery Technology Ltd. (“ZXGSZ”) July 24, 2019 Zui Xian Gui International Holding (Shenzhen) Ltd. Trading of beverages PRC
Schedule of foreign exchange rate	Schedule of foreign exchange rate As of and for the three months ended March 31, 2023 2022 Spot USD: RMB exchange rate $ 7.11594 $ 6.34110 Average USD: RMB exchange rate $ 6.84264 $ 6.34833
Schedule of estimated useful lives of property and equipment	Schedule of estimated useful lives of property and equipment Office equipment 5
Schedule of estimated useful lives	Schedule of estimated useful lives Categories Estimated useful life Distribution channel 5

PREPAYMENTS AND OTHER RECEIVA_2

PREPAYMENTS AND OTHER RECEIVABLES (Tables)	3 Months Ended
	Mar. 31, 2023
Prepayments And Other Receivables
Schedule of Prepayments and other receivables	Schedule of Prepayments and other receivables As of March 31, December 31, Prepayments $ 4,912 $ 161,420 Other receivables 309,190 188,046 Less: Allowance for doubtful accounts (137,656 ) (141,776 ) Other receivables, net 171,534 46,270 Total prepayments and other receivables $ 176,446 $ 207,690

AMOUNT DUE FROM THE RELATED P_2

AMOUNT DUE FROM THE RELATED PARTIES (Tables)	3 Months Ended
	Mar. 31, 2023
Amount Due From Related Parties
Schedule of due from the related party	Schedule of due from the related party As of March 31, December 31, Guizhou Zui Xian Gui Liquor Co., Ltd. Ren Chen is the legal representative and shareholder of the Guizhou Zui Xian Gui Liquor Co., Ltd. $ 45,770 $ 47,141 Shenzhen Zui Xian Gui Supply Chain Co., Ltd. Ren Chen is the legal representative and shareholder of the Shenzhen Zui Xian Gui Supply Chain Co., Ltd. 6,216 6,402 Zhiyu Lv Manager of the ZXGSZ 140 126 Total amount due from the related party $ 52,126 $ 53,669

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Schedule of property, plant and equipment As of March 31, December 31, Office equipment $ 1,929 $ 2074 Less: Accumulated depreciations (338 ) (242 ) Total property, plant and equipment, net $ 1,591 $ 1,832

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of intangible assets	Schedule of intangible assets As of March 31, December 31, Distributor channel $ 11,749,874 $ 11,749,874 Less: Accumulated amortization (1,745,511 ) (1,170,280 ) Less: Effect on exchange rate (303,413 ) (325,536 ) Total $ 9,700,950 $ 10,254,058
Schedule of future amortization costs of intangible assets	Schedule of future amortization costs of intangible assets 2023 $ 1,659,325 2024 2,212,433 2025 2,212,433 2026 2,212,433 Thereafter 1,106,215 Effect on exchange rate 298,111 Total $ 9,700,950

ACCRUED LIABILITIES AND OTHER_2

ACCRUED LIABILITIES AND OTHER PAYABLES (Tables)	3 Months Ended
	Mar. 31, 2023
Payables and Accruals [Abstract]
Schedule of accrued liabilities and other payables	Schedule of accrued liabilities and other payables As of March 31, December 31, Accrued liabilities $ 56,500 $ 57,500 Other payables 13,132 19,369 Total Accrued liabilities and other payables $ 69,632 $ 76,869

CONTRACT LIABILITIES (Tables)

CONTRACT LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2023
Other Liabilities Disclosure [Abstract]
Schedule of contract liabilities	Schedule of contract liabilities As of March 31, December 31, Contract liabilities $ 470,802 $ 470,281

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of income tax expenses	Schedule of income tax expenses Three months ended 2023 2022 Loss attributed to PRC operations $ (39,100 ) $ - PRC Statutory tax at 25% rate - - Effect of PRC deductions and other reconciling items - - Income tax $ - $ -
Schedule of effective tax rates	Schedule of effective tax rates Three months ended 2023 2022 U.S. federal statutory income tax rate 21.0 % 21.0 % Higher rate in PRC, net 4.0 % 4.0 % Reconciling items, net operating losses in PRC, election to not recognize tax asset -25.0 % -25.0 % The Company’s effective tax rate - % - %

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of basic and diluted net loss per share	Schedule of basic and diluted net loss per share Three months ended 2023 2022 Total net loss attributable to common shareholders $ 630,331 $ 4,234 Weighted average common shares outstanding – Basic and diluted 22,131,339,996 20,665,578,306 Loss per shares – basic and diluted: Loss per shares – basic and diluted: $ (0.00 ) $ (0.00 )

ORGANIZATION AND BUSINESS BAC_2

ORGANIZATION AND BUSINESS BACKGROUND (Details Narrative) - shares	Aug. 08, 2022	Jun. 30, 2022
Exchange of shares		1,465,761,689
Mrs. Woo Shuk Fan [Member]
Percentage of ownership	100%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended
	Mar. 31, 2023
ZXG Holdings Limited [Member]
Date of Incorporation	May 16, 2022
Parent Entity	Trans Global Group, Inc.
Nature of Operation	Investment holding
Place of Incorporation	The British Virgin Islands (“BVI”)
Hong Kong Zuixiangui International Holding Co., Ltd. [Member]
Date of Incorporation	Mar. 22, 2021
Parent Entity	ZXG Holdings Limited
Nature of Operation	Investment holding
Place of Incorporation	Hong Kong, PRC
Zui Xian Gui International Holding (Shenzhen) Ltd. [Member]
Date of Incorporation	Sep. 15, 2021
Parent Entity	Hong Kong Zuixiangui International Holding Co., Ltd.
Nature of Operation	Investment holding
Place of Incorporation	PRC
Shenzhen Zui Xian Gui Brewery Technology Ltd. [Member]
Date of Incorporation	Jul. 24, 2019
Parent Entity	Zui Xian Gui International Holding (Shenzhen) Ltd.
Nature of Operation	Trading of beverages
Place of Incorporation	PRC

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)	Mar. 31, 2023	Mar. 31, 2022
Spot USD: RMB exchange rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign exchange rate	7.11594	6.34110
Average USD: RMB exchange rate [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Foreign exchange rate	6.84264	6.34833

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)	Mar. 31, 2023
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 3)	Mar. 31, 2023
Distribution Channel [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	5 years

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Accounting Policies [Abstract]
Cash equivalents	$ 2,647		$ 7,136
Customer advances	470,802		$ 470,281
Contract liability opening balance	$ 0	$ 0

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated losses	$ 5,057,837	$ 4,427,506
Working capital deficit	$ 940,414

PREPAYMENTS AND OTHER RECEIVA_3

PREPAYMENTS AND OTHER RECEIVABLES (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Prepayments And Other Receivables
Prepayments	$ 4,912	$ 161,420
Other receivables	309,190	188,046
Less: Allowance for doubtful accounts	(137,656)	(141,776)
Other receivables, net	171,534	46,270
Total prepayments and other receivables	$ 176,446	$ 207,690

AMOUNT DUE FROM THE RELATED P_3

AMOUNT DUE FROM THE RELATED PARTIES (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Total amount due from the related party	$ 52,126	$ 53,669
Guizhou Zui Xian Gui Liquor Co., Ltd. [Member]
Related Party Transaction [Line Items]
Total amount due from the related party	45,770	47,141
Shenzhen Zui Xian Gui Supply Chain Co., Ltd. [Member]
Related Party Transaction [Line Items]
Total amount due from the related party	6,216	6,402
Zhiyu Lv [Member]
Related Party Transaction [Line Items]
Total amount due from the related party	$ 140	$ 126

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Office equipment	$ 1,929	$ 2,074
Less: Accumulated depreciations	(338)	(242)
Total property, plant and equipment, net	$ 1,591	$ 1,832

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 96	$ 0

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Distributor channel	$ 11,749,874	$ 11,749,874
Less: Accumulated amortization	(1,745,511)	(1,170,280)
Less: Effect on exchange rate	(303,413)	(325,536)
Total	$ 9,700,950	$ 10,254,058

INTANGIBLE ASSETS (Details 1)

INTANGIBLE ASSETS (Details 1) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
2023	$ 1,659,325
2024	2,212,433
2025	2,212,433
2026	2,212,433
Thereafter	1,106,215
Effect on exchange rate	298,111
Total	$ 9,700,950	$ 10,254,058

INTANGIBLE ASSETS (Details Narr

INTANGIBLE ASSETS (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 575,231	$ 0

ACCRUED LIABILITIES AND OTHER_3

ACCRUED LIABILITIES AND OTHER PAYABLES (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Payables and Accruals [Abstract]
Accrued liabilities	$ 56,500	$ 57,500
Other payables	13,132	19,369
Total Accrued liabilities and other payables	$ 69,632	$ 76,869

CONTRACT LIABILITIES (Details)

CONTRACT LIABILITIES (Details) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Contract liabilities	$ 470,802	$ 470,281

AMOUNT DUE TO A DIRECTOR (Detai

AMOUNT DUE TO A DIRECTOR (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Amount Due To Director
Due to director	$ 214,730	$ 186,716

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Loss attributed to PRC operations	$ (39,100)
PRC Statutory tax at 25% rate
Effect of PRC deductions and other reconciling items
Income tax

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
U.S. federal statutory income tax rate	21%	21%
Higher rate in PRC, net	4%	4%
Reconciling items, net operating losses in PRC, election to not recognize tax asset	(25.00%)	(25.00%)
The Company's effective tax rate

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statutory income rate	21%	21%
Net loss	$ 245,492
HONG KONG
Statutory income rate	8.25%

RELATED PARTIES_ TRANSACTIONS (

RELATED PARTIES’ TRANSACTIONS (Details Narrative) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Due to related party	$ 214,730	$ 186,716

NET LOSS PER SHARE (Details)

NET LOSS PER SHARE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Total net loss attributable to common shareholders	$ 630,331	$ 4,234
Weighted Average Number of shares outstanding - Basic	22,131,339,996	20,665,578,306
Weighted Average Number of shares outstanding - Diluted	22,131,339,996	20,665,578,306
Loss per shares – basic and diluted:
Loss per shares - Basic	$ 0	$ 0
Loss per shares - Diluted	$ 0	$ 0

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - $ / shares	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Aug. 08, 2022
Class of Stock [Line Items]
Common stock, shares authorized	99,995,000,000	99,995,000,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares issued	22,131,339,996	22,131,339,996
Common stock, shares outstanding	22,131,339,996	22,131,339,996
Preferred stock, shares authorized	1,500,000	1,500,000
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares issued	20,000	20,000
Preferred stock, shares outstanding	20,000	20,000
Common stock, description	On January 30, 2020, the Company exchanged 1,200,000 shares of old series AA preferred stock for 200,000 shares of new series AA preferred stock. On September 20, 2020, the Company issued 800,000,000 shares of common stock to VS Services, LLC for conversion of note and accrued interests. On September 22, 2020, the Company issued 20,000 series B preferred stock to Chen Ren. On March 7, 2022, 200,000 shares of series AA preferred stock were converted into 12,000,000,000 shares of common stock.
Share Exchange Agreement [Member]
Class of Stock [Line Items]
Exchange of shares			1,465,761,690
Share Exchange Agreement [Member] | ZXGBVI [Member]
Class of Stock [Line Items]
Ownership interest			100%
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued	20,000
Preferred stock, shares outstanding	20,000