Condensed Parent Company Only Financial Statement (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Parent Company Only Financial Statement Tables Abstract

Schedule of condensed comparative balance sheets

Condensed Comparative Balance Sheets

	December 31,
	2019		2018
Cash and cash equivalents	$	3,095	$	5,170
Total Current Assets		3,095		5,170
Intercompany receivables		8,084,779		8,384,779
Investment in subsidiary		11,705,241		11,705,241
TOTAL ASSETS	$	19,793,115	$	20,095,190
Total liabilities - other payables	$	2,401,344	$	2,181,033
Total Stockholders' Equity		17,391,771		17,914,157
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	19,793,115	$	20,095,190

Schedule of condensed comparative statements of operations

Condensed Comparative Statements of Operations 

	For the Years
	Ended December 31,
	2019			2018
General and administrative expenses	$	522,386		$	525,151
Net loss	$	(522,386	)	$	(525,151	)

Schedule of condensed comparative statements of cash Flows

Condensed Comparative Statements of Cash Flows

	For the Years
	Ended December 31,
	2019			2018
Cash Flows from Operating Activities:
Net loss	$	(522,386	)	$	(525,151	)
Changes in assets and liabilities:
Total liabilities		220,311			259,600
Net Cash Used in Operating Activities		(302,075	)		(265,551	)
Net Cash Used in Investing Activities		-			-
Cash Flows from Financing Activities:
Change in intercompany receivables		300,000			193,000
Net Cash Used in Financing Activities		300,000			193,000
Net Decrease in Cash and Cash Equivalents		(2,075	)		(72,551	)
Cash and Cash Equivalents at Beginning of Period		5,170			77,722
Cash and Cash Equivalents at End of Period	$	3,095		$	5,171