Related Party Transactions	12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 6 – RELATED PARTY TRANSACTIONS A member of the Company's board of directors ("Board") had previously advanced the Company an aggregate amount of $1,354,567 as of December 31, 2019 and 2018 which are recorded as "Other payables – related parties" on the accompanying consolidated balance sheets. The advances bear interest at a rate of 1.0% per year. Total interest expense for each of the years ended December 31, 2019 and 2018 was $13,546 and $13,546, respectively. The Company received net advances totaling $667,440 and $278,596 from its Chairperson, Chief Executive Officer and Interim Chief Financial Officer. These amounts are recorded as Other payables – related parties on the accompanying consolidated balance sheets as of December 31, 2019 and December 31, 2018, respectively. On July 8, 2019 the Company entered into a loan agreement to borrow cash of RMB 4,770,000 ($691,459) with its Chairperson, Chief Executive Officer and Interim Chief Financial Officer. The loan bears interest at a rate of 4.35% and is payable within one year of the loan agreement. Total interest expense related to the loan for the year ended December 31, 2019 was $12,393. Compensation payable to the Chairperson, Chief Executive Officer and Interim Chief Financial Officer is included in Other payables in the accompanying consolidated balance sheet totaling $2,307,986 and $2,071,986 as of December 31, 2019 and December 31, 2018, respectively.

Related Party Transactions

12 Months Ended

Dec. 31, 2019

NOTE 6 – RELATED PARTY TRANSACTIONS

A member of the Company's board of directors ("Board") had previously advanced the Company an aggregate amount of $1,354,567 as of December 31, 2019 and 2018 which are recorded as "Other payables – related parties" on the accompanying consolidated balance sheets. The advances bear interest at a rate of 1.0% per year. Total interest expense for each of the years ended December 31, 2019 and 2018 was $13,546 and $13,546, respectively.

The Company received net advances totaling $667,440 and $278,596 from its Chairperson, Chief Executive Officer and Interim Chief Financial Officer. These amounts are recorded as Other payables – related parties on the accompanying consolidated balance sheets as of December 31, 2019 and December 31, 2018, respectively. On July 8, 2019 the Company entered into a loan agreement to borrow cash of RMB 4,770,000 ($691,459) with its Chairperson, Chief Executive Officer and Interim Chief Financial Officer. The loan bears interest at a rate of 4.35% and is payable within one year of the loan agreement. Total interest expense related to the loan for the year ended December 31, 2019 was $12,393. Compensation payable to the Chairperson, Chief Executive Officer and Interim Chief Financial Officer is included in Other payables in the accompanying consolidated balance sheet totaling $2,307,986 and $2,071,986 as of December 31, 2019 and December 31, 2018, respectively.