rssv_10q.htm

Consolidated Balance Sheets

(Unaudited)

	March 31,			December 31,
	2019			2018
ASSETS
Current Assets
Cash and cash equivalents	$	180,522		$	257,391
Accounts receivable		12,185,995			38,165,057
Inventory		2,791,090			1,245,759
Other current assets		88,068			42,275
Due from related parties		945,381			155,075
Total Current Assets		16,191,056			39,865,557
Property and Equipment, net		534,492			551,548
Goodwill		3,199,594			3,199,594
TOTAL ASSETS	$	19,925,142		$	43,616,699

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable	$	7,092,930		$	32,593,531
Accrued liabilities and other payable		1,491,884			95,458
Deferred revenue		45,695			56,416
Due to related parties		1,133,817			1,115,705
Tax payable		214,956			229,729
Total Current Liabilities		9,979,282			34,090,839

Deferred tax liabilities		40,861			40,349
TOTAL LIABILITIES		10,020,143			34,131,188

COMMITMENTS AND CONTINGENCIES		-			-

STOCKHOLDERS’ EQUITY
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; no shares issued and outstanding		-			-
Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 520,976,241 shares issued and outstanding		52,098			52,098
Additional paid-in capital		8,884,686			8,884,686
Retained earnings		1,263,014			991,525
Accumulated other comprehensive loss		(294,799	)		(442,798	)
Total equity		9,904,999			9,485,511
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$	19,925,142		$	43,616,699

The notes are an integral part of these unaudited consolidated financial statements.

F-2

Table of Contents

Consolidated Statements of Operations and Other Comprehensive Income (Loss)

(Unaudited)

	Three Months Ended
	March 31,
	2019			2018

Revenue	$	14,781,045		$	211,032
Cost of goods sold		14,169,390			156,151
Gross Profit		611,655			54,881

Operating Expenses
General and administrative		182,744			190,603
Professional fees		26,245			-
Total Operating Expenses		208,989			190,603

Income (Loss) From Operations		402,666			(135,722	)

Other Income
Other income		134			2,071
Total Other Income		134			2,071

Income (Loss) Before Income Taxes		402,800			(133,651	)
Provision for income taxes		(131,311	)		20,797
Net Income (Loss)	$	271,489		$	(112,854	)

Other Comprehensive Income
Foreign currency translation adjustments	$	147,999		$	37,403
Total Comprehensive Income (Loss)	$	419,488		$	(75,451	)

Basic and Diluted Income (Loss) per Common Share	$	0.00		$	(0.00	)
Basic and Diluted Weighted Average Common Shares Outstanding		520,976,241			400,000,000

The notes are an integral part of these unaudited consolidated financial statements.

F-3

Table of Contents

Consolidated Statements of Shareholders’ Equity

(Unaudited)

*Three Months Ended March 31, 2019*
									Accumulated
	Common Stock				Additional				Other			Total
	Number of Shares		Amount		Paid-in Capital		Retained Earnings		Comprehensive Loss			Stockholders' Equity

Balance - December 31, 2018		520,976,241	$	52,098	$	8,884,686	$	991,525	$	(442,798	)	$	9,485,511

Net income		-		-		-		271,489		-			271,489
Other comprehensive income		-		-		-		-		147,999			147,999

Balance - March 31, 2019		520,976,241	$	52,098	$	8,884,686	$	1,263,014	$	(294,799	)	$	9,904,999

*Three Months Ended March 31, 2018*
										Accumulated
	Common Stock				Additional					Other		Total
	Number of Shares		Amount		Paid-in Capital		Accumulated Deficit			Comprehensive Income		Stockholders' Equity

Balance - December 31, 2017		400,000,000	$	40,000	$	1,166,475	$	(464,343	)	$	15,193	$	757,325

Net loss		-		-		-		(112,854	)		-		(112,854	)
Other comprehensive income		-		-		-		-			37,403		37,403

Balance - March 31, 2018		400,000,000	$	40,000	$	1,166,475	$	(577,197	)	$	52,596	$	681,874

The notes are an integral part of these unaudited consolidated financial statements.

F-4

Table of Contents

Consolidated Statements of Cash Flows

(Unaudited)

	Three Months Ended
	March 31,
	2019			2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	271,489		$	(112,854	)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation		24,027			27,532
Changes in operating assets and liabilities:
Amount due from related parties		(784,101	)		(2,707	)
Accounts receivable		26,771,083			(45,847	)
Inventories		(1,525,401	)		128,628
Other current assets		(45,158	)		11,000
Accounts payable		(26,165,313	)		13,304
Deferred revenue		(11,413	)		604
Amount due to related parties		-			(15,528	)
Tax payable		(19,474	)		(20,797	)
Accrued liabilities and other payable		1,392,750			11,640
Net cash used in operating activities		(91,511	)		(5,025	)

CASH FLOWS FROM FINANCING ACTIVITIES
Bank overdraft		-			(4,071	)
Loans from related parties		11,237			-
Repayments of loans from related parties		(2,489	)		-
Net cash provided by (used in) financing activities		8,748			(4,071	)

Effects on changes in foreign exchange rate		5,894			8,107

Net change in cash and cash equivalents		(76,869	)		(989	)
Cash and cash equivalents - beginning of period		257,391			989
Cash and cash equivalents - end of period	$	180,522		$	-

Supplemental Cash Flow Disclosures
Cash paid for interest	$	-		$	-
Cash paid for income taxes	$	45,485		$	-

The notes are an integral part of these unaudited consolidated financial statements.

F-5

Table of Contents

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Notes to the Consolidated Financial Statements

March 31, 2019

Expressed in United States Dollars

(Unaudited)

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Resort Savers, Inc. (“we,” “us,” “our,” the “Company,” “Resort Savers” or “RSSV”) is a Nevada corporation incorporated on June 25, 2012. It is based in Shenzhen, the People’s Republic of China (the “PRC”). The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, and the Company’s fiscal year end is December 31.

The Company makes investments and acquisitions into sound, transparent markets and industries throughout the world. The Company is principally engaged in the trading of oil, gas and lubricant, as well as an agricultural business and provides nutrition consultancy services and training as well as selling health products through an online store.

Admall Share Exchange and Recapitalization

Admall Sdn. Bhd.

On May 16, 2018, the Company closed the acquisition of Admall Sdn. Bhd., a limited liability company incorporated in Malaysia (“Admall”) by way of share exchange (the “Admall Acquisition”). The Company effected the Admall Acquisition pursuant to the terms of that certain Share Exchange Agreement (the “Admall Agreement”), dated February 9, 2018, by and between the Company, Admall, and Mr. Boon Jin “Patrick” Tan, an individual who prior to the closing of the Admall Acquisition held 100% of the outstanding equity interests of Admall. See Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities Exchange Commission on February 9, 2018, which is incorporated herein by reference, for a detailed description of the Admall Agreement.

At the closing of the Admall Acquisition, the Company acquired 100% of the outstanding equity interests of Admall from Mr. Tan, and the Company issued 400,000,000 shares of its common stock, par value $0.0001 per share (“Common Stock”) to Mr. Tan, which at the time of closing represented approximately 81.47% of the Company’s issued and outstanding Common Stock. As a result, Mr. Tan became a stockholder of the Company and Admall became a wholly-owned subsidiary of the Company. For federal income tax purposes, the Admall Acquisition was intended to qualify as a tax-free reorganization under the provisions of Section 368(a) of the Internal Revenue Code of 1986, as amended.

For financial accounting purposes, the Admall Agreement has been accounted for as a reverse acquisition by Admall and resulted in a recapitalization of the Company, with Admall being the accounting acquirer and the Company as the acquired entity. The consummation of the Admall Agreement resulted in a change of control of RSSV. Accordingly, the historical financial statements prior to the acquisition are those of the accounting acquirer, Admall, and have been prepared to give retroactive effect to the reverse acquisition completed on May 16, 2018 and represent the operations of Admall.

As a result of the above, these consolidated financial statements represent Admall as the accounting acquirer (legal acquiree) and RSSV, from May 16, 2018 forward, as the accounting acquiree (legal acquirer), and the legal capital stock (number and type of equity interests issued) is that of RSSV, the legal parent, in accordance with guidance on reverse acquisitions accounted for as a business combination. Therefore, the Company recognized goodwill of $3,199,594.

F-6

Table of Contents

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Company prepares its financial statements in accordance with rules and regulations of the U.S. Securities and Exchange Commission (SEC) and generally accepted accounting principles (“GAAP”) in the United States of America. The accompanying consolidated financial statements have been prepared in accordance with GAAP for interim financial information in accordance with Article 8 of Regulation S-X and presented in United States dollars.

The amounts shown in these financial statements for periods prior to May 16, 2018 are those of Admall.

In the opinion of the company’s management, the accompanying unaudited interim consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the company as of March 31, 2019 and the results of operations and cash flows for the periods presented. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited interim consolidated financial statements should be read in conjunction with the financial statements and related notes thereto included in the company’s Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC on May 17, 2018.

Principles of Consolidation

At March 31, 2019, the principal subsidiaries of the Company were listed as follows:

Entity Name

Acquisition

Date

Ownership

Jurisdiction

Investments

Held By

Nature of

Operation

Fiscal

Year

Admall Sdn. Bhd.

May 16,

2018

100

Malaysia

RSSV

Nutritional Services

December 31

Xing Rui International Investment Holding Group Co., Ltd. (“Xing Rui”)

December 22,

2014

100

Seychelles

RSSV

Holding

Company

January 31

Xing Rui International Investment Group Ltd. (“Xing Rui HK”)

December 22,

2014

100

Hong Kong,

the PRC

Xing Rui

Holding

Company

January 31

Huaxin Changrong (Shenzhen) Technology Service Co., Ltd. (“Huaxin”) *

August 27,

2015

100

the PRC

Xing Rui

Holding

Company

December 31

Beijing Yandong Tieshan Oil Products Co., Ltd. (“Tieshan Oil”) *

January 29,

2016

the PRC

Huaxin

Trading of oil products

December 31

May 16,

2018

__________

*	The English names used are translated only.

These consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany balances and transactions have been eliminated.

Use of Estimates and Assumptions

The preparation of financial statements in conformity with GAAP 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.

Foreign Currency Translation and Re-measurement

The Company translates its foreign operations to U.S. dollars in accordance with ASC 830, “Foreign Currency Matters”.

F-7

Table of Contents

The Company’s functional currency and reporting currency is the U.S. dollar, and our subsidiaries’ functional currency is the Chinese Yuan Renminbi (“CNY”), Malaysian Ringgit (“MYR”) and Hong Kong Dollar (“HKD”).

The translate its records into U.S. dollar as follows:

	·	Assets and liabilities at the rate of exchange in effect at the balance sheet date
	·	Equities at historical rate
	·	Revenue and expense items at the average rate of exchange prevailing during the period

Concentrations of Credit Risk

The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents, and accounts receivable. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company also reviews its accounts receivable in a timely manner. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.

Tieshan Oil

During the three months ended March 31, 2019, one customer, who is a related party, accounted for 99% of revenues from related party.

As of March 31, 2019 and December 31, 2018, one customer accounted for approximately 94% and 98% of accounts receivable, one vendor accounted for approximately 88% and two vendors for approximately 96% of accounts payable, respectively.

Earnings Per Share of Common Stock

The Company has adopted ASC Topic 260, ”Earnings per Share,” (“EPS”) which requires presentation of basic EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation. In the accompanying financial statements, basic earnings per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period.

The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.

Recent Accounting Pronouncements

Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

NOTE 3 - GOING CONCERN

The Company’s consolidated financial statements are prepared using GAAP applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet had sufficient revenues to cover its operating cost, and requires additional capital to commence its operating plan. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. These factors raise substantial doubt about its ability to continue as a going concern.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan to obtain such resources for the Company include: sales of equity instruments; traditional financing, such as loans; and obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans.

F-8

Table of Contents

There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations. However, there is no assurance that the Company will attain profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE 4 – ACCOUNTS RECEIVABLE

The Company has performed an analysis on all of its accounts receivable and determined that all amounts are collectible by the Company. As such, all accounts receivable are reflected as a current asset and no allowance for bad debt has been recorded as of March 31, 2019 and December 31, 2018. As at March 31, 2019 and December 31, 2018, the Company had accounts receivable of $12,185,995 and $38,165,057, respectively and trade receivables from customers which are related to the Company of $11,478,115 and $37,055,058 are included in accounts receivable.

NOTE 5 – INVENTORIES

Inventories at March 31, 2019 and December 31, 2018 consist of the following:

	March 31,		December 31,
	2019		2018

Finished goods	$	2,791,090	$	1,245,759

NOTE 6 – PROPERTYAND EQUIPMENT

Plant and equipment at March 31, 2019 and December 31, 2018 consist of the following:

	March 31,			December 31,
	2019			2018
Cost:
Computer and software	$	78,138		$	77,157
Furniture and fittings		4,376			4,322
Office equipment		5,252			5,186
Plant and machinery		784,031			773,618
		871,797			860,283
Less: accumulated depreciation		(337,305	)		(308,735	)
Property and Equipment, net	$	534,492		$	551,548

During the three months ended March 31, 2019 and 2018, the Company recorded depreciation of $24,027 and $27,532, respectively.

NOTE 7 –ACCRUED LIABILITIES AND OTHER PAYABLE

The Company’s accounts payable and accrued liabilities consist of the followings:

	March 31,		December 31,
	2019		2018
Accrued expenses	$	70,613	$	45,000
Deposit received		4,524		-
Other payables		1,414,842		50,458
Credit Card		1,905		-
	$	1,491,884	$	95,458

F-9

Table of Contents

NOTE 8 - STOCKHOLDERS’ EQUITY

The capitalization of the Company consists of the following classes of capital stock as of March 31, 2019:

Preferred Stock

The Company has authorized 15,000,000 shares of preferred stock with a par value of $0.0001 per share. The Board of Directors are authorized to divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes. No shares of preferred stock have been issued.

Common Stock

The Company has authorized 1,000,000,000 shares of common stock with a par value of $0.0001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

During the three months ended March 31, 2019, there were no issuances of common stock.

As at March 31, 2019 and December 31, 2018, the Company had 520,976,241 common shares issued and outstanding.

The Company has no stock option plan, warrants or other dilutive securities.

NOTE 9 – RELATED PARTY TRANSACTIONS

Revenue and Expense

During the three months ended March 31, 2019 and 2018, the Company recorded revenue from related party of $14,664,803 and $0 and cost of goods sold from a related party of $14,154,294 and $0 and general and administrative expense from a related party of $4,446 and $0, respectively. As of March 31, 2019 and December 31, 2018, the Company had accounts receivable from related party of $11,478,115 and $37,055,058 and account payable to related party of $6,210,968 and $31,536,276, which is included in accounts payable, respectively

Due from related party

As of March 31, 2019 and December 31, 2018, the Company recorded due from related parties as follows. The loan is non-interest bearing and due on demand.

	March 31,		December 31,
	2019		2018
Prepayment	$	788,334	$	-
Loan to related parties		157,047		155,075
	$	945,381	$	155,075

Due to related party

As of March 31, 2019 and December 31, 2018, the Company recorded due to related parties as follows. The loan is non-interest bearing and due on demand.

March 31,
December 31,
2019
2018
Loan from director
$ 1,013,557 $ 1,022,775
Loan from related parties
120,260 92,930
$ 1,133,817 $ 1,115,705

F-10

Table of Contents

NOTE 10 - SEGMENTED INFORMATION

At March 31, 2019, the Company operates in two industry segments, health beverage and oil and gas, and two geographic segments, Malaysia and China, where majority current assets and equipment are located.

Segment assets and liabilities as of March 31, 2019 and December 31, 2018 were as follows:

March 31, 2019	Holding Company		Oil and gas		Nutritional Services		Total Consolidated
Assets
Current assets	$	3,190	$	13,080,332	$	3,107,534	$	16,191,056
Non-current assets		3,199,594		-		534,492		3,734,086
Liabilities
Current liabilities		172,275		7,234,096		2,572,911		9,979,282
Long term liabilities		-		-		40,861		40,861
Net assets	$	3,030,509	$	5,846,236	$	1,028,254	$	9,904,999

December 31, 2018	Holding Company		Oil and gas		Nutritional Services		Total Consolidated
Assets
Current assets	$	3,545	$	38,020,730	$	1,841,282	$	39,865,557
Non-current assets		1,219,807		1,981,195		550,140		3,751,142
Liabilities
Current liabilities		167,010		32,703,644		1,220,185		34,090,839
Long term liabilities		-		-		40,349		40,349
Net assets	$	1,056,342	$	7,298,281	$	1,130,888	$	9,485,511

Segment revenue and net income (loss) for the three and three months ended March 31, 2019 and 2018 were as follows:

Three Months Ended March 31, 2019	Holding Company			Oil and gas			Nutritional Services			Total Consolidated
Revenue	$	-		$	14,664,803		$	116,242		$	14,781,045
Cost of goods sold		-			(14,118,726	)		(50,664	)		(14,169,390	)
Operating expenses		(5,687	)		(20,834	)		(182,468	)		(208,989	)
Other income		-			-			134			134
Provision for income taxes		-			(131,311	)		-			(131,311	)
Net income (loss)	$	(5,687	)	$	393,932		$	(116,756	)	$	271,489

Three Months Ended March 31, 2018	Holding Company		Oil and gas		Nutritional Services			Total Consolidated
Revenue	$	-	$	-	$	211,032		$	211,032
Cost of goods sold		-		-		(156,151	)		(156,151	)
Operating expenses		-		-		(190,603	)		(190,603	)
Other income		-		-		2,071			2,071
Provision for income taxes		-		-		20,797			20,797
Net loss	$	-	$	-	$	(112,854	)	$	(112,854	)

F-11

Table of Contents

FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Because they discuss future events or conditions, forward-looking statements may include words such as “anticipate,” “believe,” “estimate,” “intend,” “could,” “should,” “would,” “may,” “seek,” “plan,” “might,” “will,” “pursue,” “expect,” “predict,” “project,” “goals,” “strategy,” “future,” “likely,” “forecast,” “potential,” “continue,” negatives thereof or similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding future acquisition or merger targets, business strategies, macro-economic and sector-specific trends, future cash flows, financing plans, plans and objectives of management and any other statements which are not statements of historical facts.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual future results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, inability to successfully conclude acquisitions of target companies or assets which are reasonably capable of generating positive cash flow in the near future, legal and regulatory changes in the jurisdictions in which we operate, volatility or decline in our stock price, mismanagement of our subsidiaries by local managers, potential fluctuation of our quarterly and annual financial and operational results, rapid adverse changes in markets, decline in demand for our goods and services, insufficient revenues to cover our operating costs and such other factors as discussed throughout this Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations of this Quarterly Report on Form 10-Q.

Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Overview

Resort Savers, Inc. was incorporated in the State of Nevada on June 25, 2012. At formation, the Company was authorized to issue 100,000,000 shares of common stock, par value $0.0001 per share (“Common Stock”), and 15,000,000 shares of preferred stock, par value $0.0001 per share (“Preferred Stock”). On July 3, 2018, the Company’s board of directors (the “Board of Directors”) approved a change in our fiscal year end from January 31 to December 31. The Company now operates on a fiscal year ending on December 31. Resort Savers has limited cash on hand. We have sustained losses since inception and have relied solely upon the sale of our securities and loans for funding. Resort Savers has never declared bankruptcy, been in receivership, or been involved in any kind of legal proceeding.

On August 1, 2014, a change of control of the Company occurred, whereby a controlling interest in the Company was sold by Michelle LaCour, our former President, Chief Executive Officer, Chief Financial Officer, Treasurer and Director and a former 5% stockholder, and James LaCour, our former Secretary and Director and a former 5% stockholder, to the following: (1) Zhou Gui Bin (236,733 shares at a purchase price of $0.20 per share); (2) Zhou Wei (236,733 shares at a purchase price of $0.20 per share); and (3) Zong Xin International Investment Holdings Co. LTD (“Zong Xin”) (1,636,734 shares at a purchase price of $0.20 per share). On August 11, 2014, in connection with the transfer of shares described in this paragraph, Ms. LaCour and Mr. LaCour resigned from each of their roles as officers and Directors of the Company, and they were replaced by Zhou Gui Bin as President, CEO and Director, and Zhou Wei as Treasurer, CFO, Secretary and Director.

On September 25, 2014 the Company effected a forward ten-for-one (10-for-1) stock split on its Common Stock, having the equivalent effect of issuing an additional nine shares of Common Stock for each share of Common Stock outstanding immediately prior to the effective date of the forward stock split. All share and per share information has been retroactively restated for financial presentation of prior periods.

3

Table of Contents

Worx America, Inc.

From January 2015 through March 2015, the Company, by and through its wholly owned subsidiary, Xing Rui International Investment Holding Group Co., Ltd. (“Xing Rui”), acquired 20,068,750 shares of common stock (representing 20% of the issued and outstanding common stock) of Worx America, Inc. (“Worx”), a private company based in Houston, Texas, in exchange for $1,650,000 cash and 1,000,000 shares of common stock of Borneo Resource Investments Ltd. (“BRNE”) with a value of $350,000. Specifically, on January 28, 2015, the Company paid $350,000 cash in exchange for 5,403,728 common shares of Worx, on March 20, 2015, the Company paid $1,300,000 cash and transferred 1,000,000 shares of common stock of BRNE in exchange for 14,665,022 common shares of Worx. The Company accounted for this investment using the equity method, with an initial cost of $2,000,000.

Worx designs automated solutions for industrial, environmental and energy industries to improve efficiency and systems output. The Worx automated robotic tank cleaning system reduces tank cleaning time, reduces or eliminates the need for personnel to enter tanks, and may reduce the volume of solvents used to clean a tank.

A description of the products, services, principal market and distribution methods of Worx can be found within this Part I, Item 1 under the heading “Principal Products, Services and Their Markets.”

Shenzhen Amuli Industrial Development Co. Ltd.

On October 1, 2015, the Company issued 3,033,926 shares of its Common Stock to Xu Xiao Yun in exchange for sixty percent (60%) of Shenzhen Amuli Industrial Development Co. Ltd., a PRC corporation (“Amuli”). The equity of Amuli that was transferred by Xu Xiao Yun was held by Huaxin Changrong (Shenzhen) Technology Service Co., Ltd. (“Huaxin”), which was formed by Xing Rui for the purpose of holding the equity of Amuli and other PRC subsidiaries. The purchase price was valued $2,400,000.

On November 19, 2018, the Company disposed of its partial ownership interest in Amuli by causing Huaxin and Amuli to enter into a Share Purchase Agreement (the “Amuli Disposition Agreement”) with Ms. An Wenhui, a citizen of the PRC and minority shareholder of Amuli (the “Purchaser”), pursuant to which, among other things and subject to the terms and conditions contained therein, Huaxin sold its sixty percent (60%) Amuli equity stake (the “Amuli Shares”) to the Purchaser (the “Amuli Disposition”). Pursuant to the Amuli Disposition Agreement, in exchange for the Amuli Shares, the Purchaser paid to Huaxin a cash price of $1 or the equivalent thereof in Chinese Yuan (the “Purchase Price”). Our Board of Directors approved the Amuli Disposition Agreement, the Amuli Disposition and the Purchase Price, because among other reasons the Board of Directors believed that Amuli would not produce significant future income or cash flow. The Amuli Disposition Agreement contains substantially fewer representations and warranties in comparison to other agreements entered into by the Company and its subsidiaries. Additionally, the closing of the Amuli Disposition occurred contemporaneously with the signing of the Amuli Disposition Agreement, which resulted in little or no covenants or closing conditions imposed on the parties. As a result, Amuli is no longer a partially-owned subsidiary of the Company.

Amendment to Articles of Incorporation

On October 9, 2015, we amended our Articles of Incorporation to increase the maximum number of authorized shares of Common Stock to 1,000,000,000 shares. We did not amend the amount of authorized shares of Preferred Stock or par values for Common Stock or Preferred Stock.

Beijing Yandong Tieshan Oil Products Co., Ltd.

On January 29, 2016, the Company entered into an exchange agreement (the “Tieshan Oil Exchange Agreement”) with Mr. Yang Baojin (“Mr. Yang”), a citizen of the PRC, and the Company’s subsidiary Huaxin. Mr. Yang was the president and majority owner of Beijing Yandong Tieshan Oil Products Co., Ltd. (“Tieshan Oil”). Pursuant to the Tieshan Oil Exchange Agreement, the Company issued 4,800,000 shares of its Common Stock to Mr. Yang, who delivered to Huaxin an ownership interest in Tieshan Oil such that Huaxin at the time of closing owned 51% of all ownership interests in Tieshan Oil (the “Tieshan Oil Exchange”). The Company held 1,200,000 shares of its Common Stock in escrow (the “Escrow Shares”) to issue to Mr. Yang twelve months following the closing of the Tieshan Oil Exchange, in connection with the successful performance of certain covenants by Mr. Yang. The Company did not issue the Escrow Shares to Mr. Yang in connection with the Tieshan Oil Exchange.

4

Table of Contents

On May 16, 2018, the Company completed its acquisition of Tieshan Oil by entering into a second share exchange agreement (the “Second Tieshan Oil Exchange Agreement”) with Mr. Yang. Pursuant to the Second Tieshan Oil Exchange Agreement, the Company, through Huaxin, agreed to acquire the remaining 49% of Tieshan Oil held by Mr. Yang, in exchange for the issuance to Mr. Yang of 16,000,000 shares of the Company’s Common Stock (the “Tieshan Oil Acquisition”). The Tieshan Oil Acquisition closed simultaneously with the execution of the Second Tieshan Oil Exchange Agreement.

Apart from the Tieshan Oil Acquisition, neither the Company nor Huaxin has a material relationship with either Mr. Yang or Tieshan Oil.

A description of the products, services, principal market and distribution methods of Tieshan Oil can be found within this Part I, Item 1 under the heading “Principal Products, Services and Their Markets.”

Abandonment of Plans to Acquire Dusun Eco Resort (2005) Sdn. Bhd.

On December 7, 2017, the Company entered into a Share Exchange Agreement (the “Dusun Exchange Agreement”) with Dusun Eco Resort (2005) Sdn. Bhd., a limited liability company registered under the laws of Malaysia (“Dusun Eco”), and the shareholders of Dusun Eco (the “Dusun Sellers”), by which the Company agreed to acquire all of the issued and outstanding stock of Dusun Eco in exchange for the issuance of 400,000,000 shares of the Company’s Common Stock. After further review of the due diligence materials related to the Exchange, our Board of Directors felt that it was in the Company’s best interest to terminate the Dusun Exchange Agreement. On February 9, 2018, the Company, Dusun Eco and the Dusun Sellers entered into a Termination of Share Exchange Agreement (the “Dusun Termination Agreement”), by which the Company, Dusun Eco and the Dusun Sellers agreed to terminate the Dusun Exchange Agreement with no legal consequence to any of the parties to the Dusun Exchange Agreement.

Entry into Share Exchange Agreement with Admall Sdn. Bhd.

On February 9, 2018, the Company entered into a Share Exchange Agreement (the “Admall Exchange Agreement”) with Admall Sdn. Bhd., a limited liability company incorporated in Malaysia (“Admall”), and each of Admall’s shareholders (collectively, the “Admall Sellers”), pursuant to which, among other things and subject to the terms and conditions contained therein, the Company will effect an acquisition of Admall by acquiring from the Sellers all outstanding equity interests of Admall in exchange for 400,000,000 shares of Common Stock of the Company (the “Admall Acquisition”). On May 16, 2018, the Company closed the Admall Acquisition.

Concurrently with the execution of the Admall Exchange Agreement, our Board of Directors appointed Mr. Boon Jin “Patrick” Tan to be the treasurer, CFO and Director of the Company. Mr. Tan is the founder and director of Admall. Apart from the appointment of Mr. Tan as Director and officer of the Company, and the transactions pursuant to the Admall Exchange Agreement, the Company did not have a prior material relationship with Admall or any of the Admall Sellers.

A description of the products, services, principal market and distribution methods of Admall can be found within this Part I, Item 1 under the heading “Principal Products, Services and Their Markets.”

Change of Management

On February 9, 2018, concurrently with the execution of the Admall Exchange Agreement and the Dusun Termination Agreement, Zhou Gui Bin resigned from his positions as President, CEO, Secretary and Director of the Company, and Zhou Wei resigned from his positions as Treasurer, CFO and Director of the Company. The departing Directors approved, by written consent in lieu of special meeting of the Board of Directors, the appointment of Mr. Ding-Shin “DS” Chang and Mr. Boon Jin “Patrick” Tan as the new Directors of the Company and submitted such appointment for approval and ratification by the Company’s stockholders. The Company’s departing Directors also appointed Mr. Ding-Shin “DS” Chang as the Company’s President and CEO, Mr. Boon Jin “Patrick” Tan as the Company’s Treasurer and CFO, and Mr. Liang-Yu “Jacky” Chang as the Company’s Secretary, all of whom are to serve on an at-will basis until their resignation or removal by the Board of Directors.

5

Table of Contents

Change in Fiscal Year End; Change to Bylaws; Reverse Stock Split; Corporate Name Change

On July 3, 2018, our Board of Directors approved a change in our fiscal year end from January 31 to December 31. The Company now operates on a fiscal year ending on December 31. The Company changed its bylaws to reflect the change in fiscal year end.

Contemporaneously with the change in fiscal year end, our Board of Directors approved a reverse one-for-thirty (1-for-30) stock split (the “Reverse Split”) of the Company’s issued and outstanding Common Stock and a change of corporate name from “Resort Savers, Inc.” to “SCGI Group Holding, Inc.” (the “Name Change”).

However, after further consideration of the business needs of the Company, the Board of Directors delayed the implementation of the Reverse Split and Name Change indefinitely.

Results of Operations

Our operations for the three months ended March 31, 2019 and 2018 are outlined below:

Due to reverse acquisition accounting, the Results of operations are not comparable for 2018. Due to acquisition accounting, Admall Sdn. Bhd. (“Admall”) is the accounting acquirer on May 16, 2018 (“acquisition date”), and all operating results prior to May 16, 2018, are those of Admall only. For periods after the acquisition date, results of operations are those of the Company on a consolidated basis.

Three months ended March 31, 2019 compared to three months ended March 31, 2018

Three Months Ended

March 31,

Change

2019

2018

Amount

Revenue

$ 14,781,045

$ 211,032

$ 14,570,013

Cost of Goods Sold

$ 14,169,390

$ 156,151

$ 14,013,239

Gross Profit

$ 611,655

$ 54,881

$ 556,774

Operating expenses

$ 208,989

$ 190,603

$ 18,386

Other Income

$ 134

$ 2,071

$ (1,937 )
Net income (loss)

$ 271,489

$ (112,854 )

$ 384,343

For the three months ended March 31, 2019 and 2018 our results of operations segment, are as follows:

Three Months Ended March 31, 2019

Holding
Company

Oil and gas

Nutritional
Services

Total
Consolidated

Revenue

$ -

$ 14,664,803

$ 116,242

$ 14,781,045

Cost of goods sold

-

(14,118,726 )

(50,664 )

(14,169,390 )
Operating expenses

(5,687 )

(20,834 )

(182,468 )

(208,989 )
Other income

-

-

134

134

Provision for income taxes

-

(131,311 )

-

(131,311 )
Net income (loss)

$ (5,687 )

$ 393,932

$ (116,756 )

$ 271,489

6

Table of Contents

Three Months Ended March 31, 2018

Holding
Company

Oil and gas

Nutritional
Services

Total
Consolidated

Revenue

$ -

$ -

$ 211,032

$ 211,032

Cost of goods sold

-

-

(156,151 )

(156,151 )
Operating expenses

-

-

(190,603 )

(190,603 )
Other income

-

-

2,071

2,071

Provision for income taxes

-

-

20,797

20,797

Net loss

$ -

$ -

$ (112,854 )

$ (112,854 )

Liquidity and Capital Resources

The following table provides selected financial data about our company as of March 31, 2019 and December 31, 2018, respectively.

Working Capital

The following table provides selected financial data about our company as of March 31, 2019 and December 31, 2018, respectively.

March 31,

December 31,

Change

2019

2018

Amount

Cash

$ 180,522

$ 257,391

$ (76,869 )

Current Assets

$ 16,191,056

$ 39,865,557

$ (23,674,501 )
Current Liabilities

$ 9,979,282

$ 34,090,839

$ (24,111,557 )
Working Capital

$ 6,211,774

$ 5,774,718

$ 437,056

The increase in working capital was primarily attributed to a decrease in current liabilities offset by a decrease in current assets. The decrease in current assets was primarily attributed to a decrease in accounts receivable offset by an increase in inventory. The decrease in current liabilities was primarily attributed to a decrease in accounts payable offset by an increase in accrued liabilities and other payable.

Cash Flow

Three Months Ended

March 31,

Change

2019

2018

Amount

Cash Flows used in operating activities

$ (91,511 )

$ (5,025 )

$ (86,486 )
Cash Flows provided by (used in) financing activities

$ 8,748

$ (4,071 )

$ 12,819

Effects on changes in foreign exchange rate

$ 5,894

$ 8,107

$ (2,211 )
Net change in cash during period

$ (76,869 )

$ (989 )

$ (75,880 )

7

Table of Contents

Cash Flow from Operating Activities

During the three months ended March 31, 2019, our Company used $91,511 in operating activities, compared to $5,025 during the three months ended March 31, 2018. During the three months ended March 31, 2019, we generated net income of $271,489 and increased by $24,027 in depreciation and we used cash flow of $387,027 from the net change in current assets and liabilities. During the three months ended March 31, 2018, we incurred a net loss of $112,854 of which $27,532 arose from non-cash expenses and we generated cash flow of $80,297 from the net change in current assets and liabilities.

Cash Flow from Investing Activities

During the three months ended March 31, 2019 and 2018, we did not have any investing activities.

Cash Flow from Financing Activities

During the three months ended March 31, 2019, our Company received $8,748 in financing activities. For the three months ended March 31, 2019, the Company received $11,237 from loans from related parties and repaid loans from related parties for $2,489.

For the three months ended March 31, 2018, our Company used $4,071 for a bank overdraft.

Limited Operating History; Need for Additional Capital

We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to the price and cost increases in supplies and services.

If we are unable to meet our needs for cash from either our operations, or possible alternative sources, then we may be unable to continue, develop, or expand our operations.

Critical Accounting Policies and Estimates

The preparation of financial statements and related disclosures in conformity with U.S. generally accepted accounting principles and the Company’s discussion and analysis of its financial condition and operating results require the Company’s management to make judgments, assumptions and estimates that affect the amounts reported. Management bases its estimates on historical experience and on various other assumptions it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Actual results may differ from these estimates, and such differences may be material.

Revenue Recognition

Revenues are recognized when control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:

·
identify the contract with a customer;

·
identify the performance obligations in the contract;

·
determine the transaction price;

·
allocate the transaction price to performance obligations in the contract; and

·
recognize revenue as the performance obligation is satisfied.

8

Table of Contents

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company,” we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

Management’s Report on Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and communicated to our management, including our president (our principal executive officer and principal financial officer) to allow for timely decisions regarding required disclosure.

As of the end of the quarter covered by this Quarterly Report on Form 10-Q, we carried out an evaluation, under the supervision and with the participation of our president (our principal executive officer, principal financial officer and principle accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Our management’s communication with staff and outside professional advisors is a source of substantial concern and risk, and considering all components of our assessment, our president (our principal executive officer and principal financial officer) concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this Quarterly Report on Form 10-Q.

Changes in Internal Controls

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended March 31, 2019, that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

9

Table of Contents

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

Item 1A. Risk Factors

As a “smaller reporting company,” we are not required to provide the information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

10

Table of Contents

Item 6. Exhibits

Exhibit
Number

Description
31.1*

Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2*

Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1**

Certification of the Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2**

Certification of the Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*

XBRL Instance Document
101.SCH*

XBRL Taxonomy Extension Schema Document
101.CAL*

XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*

XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*

XBRL Taxonomy Extension Label Linkbase Document
101.PRE*

XBRL Taxonomy Extension Presentation Linkbase Document

_________

*
Filed herewith.
**
Deemed furnished and not filed.

11

Table of Contents

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

RESORT SAVERS, INC.

(Registrant)

Dated: June 10, 2019
/s/ DS Chang

Ding-Shin “DS” Chang

President, Chief Executive Officer and Director

(Principal Executive Officer)

EX-31.1 2 rssv_ex311.htm CERTIFICATION rssv_ex311.htm

EXHIBIT 31.1

I, DS Chang, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 of Resort Savers, Inc.;

2	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 10, 2019

/s/ DS Chang
Ding-Shin “DS” Chang
President, Chief Executive Officer and Director
(Principal Executive Officer)

EX-31.2 3 rssv_ex312.htm CERTIFICATION rssv_ex312.htm

EXHIBIT 31.2

I, Patrick Tan, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 of Resort Savers, Inc.;

2	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.	The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

	(a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	(b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	(c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	(d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	(a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	(b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 10, 2019

/s/ Patrick Tan
Boon Jin “Patrick” Tan
Chief Financial Officer, Treasurer and Director
(Principal Financial Officer and Principal Accounting Officer)

EX-32.1 4 rssv_ex321.htm CERTIFICATION rssv_ex321.htm

EXHIBIT 32.1

SECTION 1350 CERTIFICATIONS

This Certificate is being delivered pursuant to the requirements of Section 1350 of Chapter 63 (Mail Fraud) of Title 18 (Crimes and Criminal Procedures) of the United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and shall not, except to the extent required by the Sarbanes-Oxley Act of 2002, be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

The undersigned, who is the Chief Executive Officer of Resort Savers, Inc. (the “Company”), hereby certifies to his knowledge as follows:

The Quarterly Report on Form 10-Q of the Company, which accompanies this Certificate, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and all information contained in this Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.


Dated: June 10, 2019		/s/ DS Chang
		Ding-Shin “DS” Chang
		President, Chief Executive Officer and Director
		(Principal Executive Officer)
		Resort Savers, Inc.

EX-32.2 5 rssv_ex322.htm CERTIFICATION rssv_ex322.htm

EXHIBIT 32.2

SECTION 1350 CERTIFICATIONS

The undersigned, who is the Chief Financial Officer of Resort Savers, Inc. (the “Company”), hereby certifies to his knowledge as follows:


Dated: June 10, 2019		/s/ Patrick Tan
		Boon Jin “Patrick” Tan
		Chief Financial Officer, Treasurer and Director
		(Principal Financial Officer and Principal Accounting Officer)
		Resort Savers, Inc.

EX-101.INS 6 rssv-20190331.xml XBRL INSTANCE DOCUMENT 0001572384 2018-01-01 2018-03-31 0001572384 srt:ParentCompanyMember 2018-01-01 2018-03-31 0001572384 us-gaap:OilAndGasMember 2018-01-01 2018-03-31 0001572384 rssv:NutritionalServicesMember 2018-01-01 2018-03-31 0001572384 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0001572384 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0001572384 rssv:MrTanMember rssv:AdmallAcquisitionMember 2018-05-16 0001572384 rssv:AdmallSdnBhdMember 2018-05-16 0001572384 rssv:MrTanMember rssv:AdmallAcquisitionMember 2018-05-01 2018-05-16 0001572384 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember rssv:TieshanOilMember 2018-10-01 2018-12-31 0001572384 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsPayableMember rssv:TieshanOilMember 2018-10-01 2018-12-31 0001572384 2018-12-31 0001572384 srt:ParentCompanyMember 2018-12-31 0001572384 us-gaap:OilAndGasMember 2018-12-31 0001572384 us-gaap:ComputerSoftwareIntangibleAssetMember 2018-12-31 0001572384 us-gaap:FurnitureAndFixturesMember 2018-12-31 0001572384 us-gaap:OfficeEquipmentMember 2018-12-31 0001572384 us-gaap:MachineryAndEquipmentMember 2018-12-31 0001572384 rssv:NutritionalServicesMember 2018-12-31 0001572384 2019-01-01 2019-03-31 0001572384 srt:ParentCompanyMember 2019-01-01 2019-03-31 0001572384 us-gaap:OilAndGasMember 2019-01-01 2019-03-31 0001572384 rssv:XingRuiInternationalInvestmentHoldingGroupCoLtdMember 2019-01-01 2019-03-31 0001572384 rssv:XingRuiInternationalInvestmentGroupLtdMember 2019-01-01 2019-03-31 0001572384 rssv:HuaxinChangrongShenzhenTechnologyServiceCoLtdMember 2019-01-01 2019-03-31 0001572384 rssv:BeijingYandongTieshanOilProductsCoLtdMember 2019-01-01 2019-03-31 0001572384 us-gaap:CustomerConcentrationRiskMember us-gaap:SalesRevenueNetMember rssv:TieshanOilMember 2019-01-01 2019-03-31 0001572384 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsReceivableMember rssv:TieshanOilMember 2019-01-01 2019-03-31 0001572384 rssv:AdmallSdnBhdMember 2019-01-01 2019-03-31 0001572384 rssv:NutritionalServicesMember 2019-01-01 2019-03-31 0001572384 rssv:BeijingYandongTieshanOilProductsCoLtdTwoMember 2019-01-01 2019-03-31 0001572384 us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsPayableMember rssv:TieshanOilMember 2019-01-01 2019-03-31 0001572384 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001572384 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001572384 2019-03-31 0001572384 srt:ParentCompanyMember 2019-03-31 0001572384 us-gaap:OilAndGasMember 2019-03-31 0001572384 rssv:XingRuiInternationalInvestmentHoldingGroupCoLtdMember 2019-03-31 0001572384 rssv:XingRuiInternationalInvestmentGroupLtdMember 2019-03-31 0001572384 rssv:HuaxinChangrongShenzhenTechnologyServiceCoLtdMember 2019-03-31 0001572384 rssv:BeijingYandongTieshanOilProductsCoLtdMember 2019-03-31 0001572384 rssv:AdmallSdnBhdMember 2019-03-31 0001572384 us-gaap:ComputerSoftwareIntangibleAssetMember 2019-03-31 0001572384 us-gaap:FurnitureAndFixturesMember 2019-03-31 0001572384 us-gaap:OfficeEquipmentMember 2019-03-31 0001572384 us-gaap:MachineryAndEquipmentMember 2019-03-31 0001572384 rssv:NutritionalServicesMember 2019-03-31 0001572384 rssv:BeijingYandongTieshanOilProductsCoLtdTwoMember 2019-03-31 0001572384 2019-06-10 0001572384 2017-12-31 0001572384 2018-03-31 0001572384 us-gaap:CommonStockMember 2017-12-31 0001572384 us-gaap:CommonStockMember 2018-03-31 0001572384 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001572384 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0001572384 us-gaap:RetainedEarningsMember 2017-12-31 0001572384 us-gaap:RetainedEarningsMember 2018-03-31 0001572384 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001572384 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0001572384 us-gaap:CommonStockMember 2018-12-31 0001572384 us-gaap:CommonStockMember 2019-03-31 0001572384 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001572384 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001572384 us-gaap:RetainedEarningsMember 2018-12-31 0001572384 us-gaap:RetainedEarningsMember 2019-03-31 0001572384 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001572384 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 xbrli:shares iso4217:USD iso4217:USDxbrli:shares xbrli:pure rssv:Number Resort Savers, Inc. 0001572384 10-Q 2019-03-31 false --12-31 true true Non-accelerated Filer 520976241 Q1 2019 false

257391

180522

38165057

12185995

1245759

2791090

42275

88068

155075

945381

39865557

3545

38020730

1841282

16191056

3190

13080332

3107534

551548

534492

3199594

43616699

19925142

32593531

7092930

95458

1491884

56416

45695

1115705

1133817

229729

214956

34090839

167010

32703644

1220185

9979282

172275

7234096

2572911

40349

40861

34131188

10020143

52098

8884686

991525

1263014

-442798

-294799

9485511

9904999

757325

40000

1166475

-464343

15193

52098

8884686

991525

1263014

-442798

-294799

43616699

19925142

0.0001

15000000

0.0001

1000000000

520976241

211032

14781045

14664803

116242

14664803

156151

14169390

14118726

50664

54881

611655

190603

182744

26245

190603

208989

5687

20834

182468

-135722

402666

2071

134

2071

134

-133651

402800

-20797

131311

-112854

271489

-112854

-5687

393932

-116756

37403

147999

-75451

419488

-0.00

0.00

400000000

520976241

27532

24027

2707

784101

45847

-26771083

-128628

1525401

-11000

45158

13304

-26165313

604

-11413

-15528

-20797

-19474

11640

1392750

-5025

-91511

-4071

11237

2489

-4071

8748

8107

5894

-989

-76869

257391

180522

989

45485

<p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Basis of Presentation <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company prepares its financial statements in accordance with rules and regulations of the U.S. Securities and Exchange Commission (SEC) and generally accepted accounting principles (“GAAP”) in the United States of America. The accompanying consolidated financial statements have been prepared in accordance with GAAP for interim financial information in accordance with Article 8 of Regulation S-X and presented in United States dollars. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The amounts shown in these financial statements for periods prior to May 16, 2018 are those of Admall. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">In the opinion of the company’s management, the accompanying unaudited interim consolidated financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the company as of March 31, 2019 and the results of operations and cash flows for the periods presented. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited interim consolidated financial statements should be read in conjunction with the financial statements and related notes thereto included in the company’s Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC on May 17, 2018. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Principles of Consolidation <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">At March 31, 2019, the principal subsidiaries of the Company were listed as follows: <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="border-bottom: 1px solid;" valign="bottom"> Entity Name </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: 1px solid;" valign="bottom" width="9%"> Acquisition Date </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: 1px solid;" valign="bottom" width="9%" colspan="2"> Ownership </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: 1px solid;" valign="bottom" width="9%"> Jurisdiction </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: 1px solid;" valign="bottom" width="9%"> Investments Held By </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: 1px solid;" valign="bottom" width="9%"> Nature of Operation </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: 1px solid;" valign="bottom" width="9%"> Fiscal Year </td> <td width="1%"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom"> Admall Sdn. Bhd. </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> May 16, 2018 </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">100</td> <td valign="bottom" width="1%">%</td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Malaysia </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> RSSV </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Nutritional Services </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> December 31 </td> <td width="1%"> </td> </tr> <tr bgcolor="#ffffff"> <td valign="bottom"> Xing Rui International Investment Holding Group Co., Ltd. (“Xing Rui”) </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> December 22, 2014 </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">100</td> <td valign="bottom" width="1%">%</td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Seychelles </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> RSSV </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Holding Company </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> January 31 </td> <td width="1%"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom"> Xing Rui International Investment Group Ltd. (“Xing Rui HK”) </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> December 22, 2014 </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">100</td> <td valign="bottom" width="1%">%</td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Hong Kong, the PRC </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Xing Rui </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Holding Company </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> January 31 </td> <td width="1%"> </td> </tr> <tr bgcolor="#ffffff"> <td valign="bottom"> Huaxin Changrong (Shenzhen) Technology Service Co., Ltd. (“Huaxin”) * </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> August 27,  2015 </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">100</td> <td valign="bottom" width="1%">%</td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> the PRC </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Xing Rui </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Holding Company </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> December 31 </td> <td width="1%"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom"> Beijing Yandong Tieshan Oil Products Co., Ltd. (“Tieshan Oil”) * </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> January 29, 2016 </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">51</td> <td valign="bottom" width="1%">%</td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> the PRC  </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Huaxin </td> <td valign="bottom" width="1%">   </td> <td> Trading of oil products </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> December 31 </td> <td width="1%"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> May 16, 2018 </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">49</td> <td valign="bottom" width="1%">%</td> <td valign="bottom" width="1%">   </td> <td valign="bottom"></td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td width="1%"> </td> </tr> </table> <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">__________ <table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td valign="top" width="4%"> * </td> <td valign="top"> The English names used are translated only. </td> </tr> </table> <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">These consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany balances and transactions have been eliminated. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Use of Estimates and Assumptions <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The preparation of financial statements in conformity with GAAP 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Foreign Currency Translation and Re-measurement <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company translates its foreign operations to U.S. dollars in accordance with ASC 830, “Foreign Currency Matters”. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">   <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company’s functional currency and reporting currency is the U.S. dollar, and our subsidiaries’ functional currency is the Chinese Yuan Renminbi (“CNY”), Malaysian Ringgit (“MYR”) and Hong Kong Dollar (“HKD”). <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The translate its records into U.S. dollar as follows: <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="4%">   </td> <td valign="top" width="4%">·</td> <td valign="top">Assets and liabilities at the rate of exchange in effect at the balance sheet date</td> </tr> <tr> <td>   </td> <td valign="top">·</td> <td valign="top">Equities at historical rate</td> </tr> <tr> <td>   </td> <td valign="top">·</td> <td valign="top">Revenue and expense items at the average rate of exchange prevailing during the period</td> </tr> </table> <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Concentrations of Credit Risk <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents, and accounts receivable. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company also reviews its accounts receivable in a timely manner. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Tieshan Oil <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">During the three months ended March 31, 2019, one customer, who is a related party, accounted for 99% of revenues from related party. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As of March 31, 2019 and December 31, 2018, one customer accounted for approximately 94% and 98% of accounts receivable, one vendor accounted for approximately 88% and two vendors for approximately 96% of accounts payable, respectively. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Earnings Per Share of Common Stock <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company has adopted ASC Topic 260, ”Earnings per Share,” (“EPS”) which requires presentation of basic EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation. In the accompanying financial statements, basic earnings per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Recent Accounting Pronouncements <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

<p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">NOTE 10 - SEGMENTED INFORMATION <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">At March 31, 2019, the Company operates in two industry segments, health beverage and oil and gas, and two geographic segments, Malaysia and China, where majority current assets and equipment are located. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Segment assets and liabilities as of March 31, 2019 and December 31, 2018 were as follows: <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="border-bottom: black 1px solid;" valign="bottom"> March 31, 2019 </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Holding Company </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Oil and gas </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Nutritional Services </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Total Consolidated </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Assets </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Current assets </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">3,190</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">13,080,332</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">3,107,534</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">16,191,056</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Non-current assets </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">3,199,594</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">534,492</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">3,734,086</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Liabilities </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Current liabilities </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">172,275</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">7,234,096</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">2,572,911</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">9,979,282</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Long term liabilities </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">40,861</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">40,861</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Net assets </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">3,030,509</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">5,846,236</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">1,028,254</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">9,904,999</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> </tr> </table> <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">   <table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="border-bottom: black 1px solid;" valign="bottom"> December 31, 2018 </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Holding Company </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Oil and gas </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Nutritional Services </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Total Consolidated </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> </tr> <tr> <td valign="top"> Assets </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Current assets </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">3,545</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">38,020,730</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">1,841,282</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">39,865,557</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Non-current assets </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">1,219,807</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">1,981,195</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">550,140</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">3,751,142</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Liabilities </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Current liabilities </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">167,010</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">32,703,644</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">1,220,185</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">34,090,839</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Long term liabilities </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">40,349</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">40,349</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Net assets </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">1,056,342</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">7,298,281</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">1,130,888</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">9,485,511</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> </tr> </table> <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Segment revenue and net income (loss) for the three and three months ended March 31, 2019 and 2018 were as follows: <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="border-bottom: black 1px solid;" valign="bottom"> Three Months Ended March 31, 2019 </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Holding Company </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Oil and gas </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Nutritional Services </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Total Consolidated </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Revenue </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">14,664,803</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">116,242</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">14,781,045</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Cost of goods sold </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(14,118,726</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(50,664</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(14,169,390</td> <td valign="bottom" width="1%">)</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Operating expenses </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(5,687</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(20,834</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(182,468</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(208,989</td> <td valign="bottom" width="1%">)</td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Other income </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">134</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">134</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Provision for income taxes </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">(131,311</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">(131,311</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">)</td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Net income (loss) </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">(5,687</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">393,932</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">(116,756</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">271,489</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> </tr> </table> <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="border-bottom: black 1px solid;" valign="bottom"> Three Months Ended March 31, 2018 </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Holding Company </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Oil and gas </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Nutritional Services </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Total Consolidated </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Revenue </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">211,032</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">211,032</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Cost of goods sold </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(156,151</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(156,151</td> <td valign="bottom" width="1%">)</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Operating expenses </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(190,603</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(190,603</td> <td valign="bottom" width="1%">)</td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Other income </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">2,071</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">2,071</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Provision for income taxes </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">20,797</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">20,797</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Net loss </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">(112,854</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">(112,854</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">)</td> </tr> </table>

<p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Concentrations of Credit Risk <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents, and accounts receivable. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company also reviews its accounts receivable in a timely manner. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Tieshan Oil <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">During the three months ended March 31, 2019, one customer, who is a related party, accounted for 99% of revenues from related party. <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">As of March 31, 2019 and December 31, 2018, one customer accounted for approximately 94% and 98% of accounts receivable, one vendor accounted for approximately 88% and two vendors for approximately 96% of accounts payable, respectively.

<table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="border-bottom: 1px solid;" valign="bottom"> Entity Name </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: 1px solid;" valign="bottom" width="9%"> Acquisition Date </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: 1px solid;" valign="bottom" width="9%" colspan="2"> Ownership </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: 1px solid;" valign="bottom" width="9%"> Jurisdiction </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: 1px solid;" valign="bottom" width="9%"> Investments Held By </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: 1px solid;" valign="bottom" width="9%"> Nature of Operation </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: 1px solid;" valign="bottom" width="9%"> Fiscal Year </td> <td width="1%"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom"> Admall Sdn. Bhd. </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> May 16, 2018 </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">100</td> <td valign="bottom" width="1%">%</td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Malaysia </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> RSSV </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Nutritional Services </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> December 31 </td> <td width="1%"> </td> </tr> <tr bgcolor="#ffffff"> <td valign="bottom"> Xing Rui International Investment Holding Group Co., Ltd. (“Xing Rui”) </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> December 22, 2014 </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">100</td> <td valign="bottom" width="1%">%</td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Seychelles </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> RSSV </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Holding Company </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> January 31 </td> <td width="1%"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom"> Xing Rui International Investment Group Ltd. (“Xing Rui HK”) </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> December 22, 2014 </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">100</td> <td valign="bottom" width="1%">%</td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Hong Kong, the PRC </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Xing Rui </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Holding Company </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> January 31 </td> <td width="1%"> </td> </tr> <tr bgcolor="#ffffff"> <td valign="bottom"> Huaxin Changrong (Shenzhen) Technology Service Co., Ltd. (“Huaxin”) * </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> August 27,  2015 </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">100</td> <td valign="bottom" width="1%">%</td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> the PRC </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Xing Rui </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Holding Company </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> December 31 </td> <td width="1%"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom"> Beijing Yandong Tieshan Oil Products Co., Ltd. (“Tieshan Oil”) * </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> January 29, 2016 </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">51</td> <td valign="bottom" width="1%">%</td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> the PRC  </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> Huaxin </td> <td valign="bottom" width="1%">   </td> <td> Trading of oil products </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> December 31 </td> <td width="1%"> </td> </tr> <tr bgcolor="#cceeff"> <td valign="bottom">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom"> May 16, 2018 </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">49</td> <td valign="bottom" width="1%">%</td> <td valign="bottom" width="1%">   </td> <td valign="bottom"></td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td width="1%"> </td> </tr> </table> <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">__________ <table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td valign="top" width="4%"> * </td> <td valign="top"> The English names used are translated only. </td> </tr> </table>

<table style="text-align: justify; width: 100%; font: 10pt 'times new roman';" border="0" cellspacing="0" cellpadding="0"> <tr> <td valign="bottom"></td> <td valign="bottom"></td> <td align="center" valign="bottom" colspan="2"> March 31, </td> <td valign="bottom"></td> <td valign="bottom"></td> <td align="center" valign="bottom" colspan="2"> December 31, </td> <td valign="bottom"></td> </tr> <tr> <td valign="bottom"></td> <td valign="bottom"></td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> 2019 </td> <td style="padding-bottom: 1px;" valign="bottom"></td> <td valign="bottom"></td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> 2018 </td> <td style="padding-bottom: 1px;" valign="bottom"></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Loan from director </td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">1,013,557</td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">1,022,775</td> <td valign="bottom" width="1%"></td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Loan from related parties </td> <td valign="bottom" width="1%"></td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%"></td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">120,260</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%"></td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">92,930</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%"></td> </tr> <tr bgcolor="#cceeff"> <td></td> <td valign="bottom" width="1%"></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">1,133,817</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%"></td> <td valign="bottom" width="1%"></td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">1,115,705</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%"></td> </tr> </table>

<p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Segment assets and liabilities as of March 31, 2019 and December 31, 2018 were as follows: <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="border-bottom: black 1px solid;" valign="bottom"> March 31, 2019 </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Holding Company </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Oil and gas </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Nutritional Services </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Total Consolidated </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Assets </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Current assets </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">3,190</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">13,080,332</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">3,107,534</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">16,191,056</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Non-current assets </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">3,199,594</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">534,492</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">3,734,086</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Liabilities </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Current liabilities </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">172,275</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">7,234,096</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">2,572,911</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">9,979,282</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Long term liabilities </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">40,861</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">40,861</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Net assets </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">3,030,509</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">5,846,236</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">1,028,254</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">9,904,999</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> </tr> </table> <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">   <table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="border-bottom: black 1px solid;" valign="bottom"> December 31, 2018 </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Holding Company </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Oil and gas </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Nutritional Services </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Total Consolidated </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> </tr> <tr> <td valign="top"> Assets </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%" colspan="2">   </td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Current assets </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">3,545</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">38,020,730</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">1,841,282</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">39,865,557</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Non-current assets </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">1,219,807</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">1,981,195</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">550,140</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">3,751,142</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Liabilities </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">   </td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Current liabilities </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">167,010</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">32,703,644</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">1,220,185</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">34,090,839</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Long term liabilities </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">40,349</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">40,349</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Net assets </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">1,056,342</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">7,298,281</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">1,130,888</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">9,485,511</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> </tr> </table> <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <p align="justify" style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">Segment revenue and net income (loss) for the three and three months ended March 31, 2019 and 2018 were as follows: <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="border-bottom: black 1px solid;" valign="bottom"> Three Months Ended March 31, 2019 </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Holding Company </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Oil and gas </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Nutritional Services </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Total Consolidated </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Revenue </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">14,664,803</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">116,242</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">14,781,045</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Cost of goods sold </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(14,118,726</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(50,664</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(14,169,390</td> <td valign="bottom" width="1%">)</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Operating expenses </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(5,687</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(20,834</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(182,468</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(208,989</td> <td valign="bottom" width="1%">)</td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Other income </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">134</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">134</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Provision for income taxes </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">(131,311</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">(131,311</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">)</td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Net income (loss) </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">(5,687</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">393,932</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">(116,756</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">271,489</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> </tr> </table> <p style="text-align: justify; widows: 2; text-transform: none; font-style: normal; text-indent: 0px; margin: 0px; font-family: 'times new roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: #000000; font-size: 13px; font-weight: 400; word-spacing: 0px; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">  <table style="text-align: justify; widows: 2; text-transform: none; text-indent: 0px; width: 100%; font: 10pt 'times new roman'; orphans: 2; letter-spacing: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;" border="0" cellspacing="0" cellpadding="0"> <tr> <td style="border-bottom: black 1px solid;" valign="bottom"> Three Months Ended March 31, 2018 </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Holding Company </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Oil and gas </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Nutritional Services </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> <td valign="bottom">   </td> <td align="center" style="border-bottom: black 1px solid;" valign="bottom" width="9%" colspan="2"> Total Consolidated </td> <td style="padding-bottom: 1px;" valign="bottom">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Revenue </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">211,032</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">$</td> <td align="right" valign="bottom" width="9%">211,032</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Cost of goods sold </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(156,151</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(156,151</td> <td valign="bottom" width="1%">)</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Operating expenses </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(190,603</td> <td valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">(190,603</td> <td valign="bottom" width="1%">)</td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Other income </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">-</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">2,071</td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td align="right" valign="bottom" width="9%">2,071</td> <td valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> Provision for income taxes </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">20,797</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 1px solid;" valign="bottom" width="1%">   </td> <td align="right" style="border-bottom: black 1px solid;" valign="bottom" width="9%">20,797</td> <td style="padding-bottom: 1px;" valign="bottom" width="1%">   </td> </tr> <tr bgcolor="#ffffff"> <td valign="top"> Net loss </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">-</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">   </td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">(112,854</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">)</td> <td valign="bottom" width="1%">   </td> <td style="border-bottom: black 3px double;" valign="bottom" width="1%">$</td> <td align="right" style="border-bottom: black 3px double;" valign="bottom" width="9%">(112,854</td> <td style="padding-bottom: 3px;" valign="bottom" width="1%">)</td> </tr> </table>

Nevada 2012-06-25

1.00

400000000

0.8147 1.00

0.0001

2014-12-22

2015-08-27

2016-01-29

2018-05-16

1.00

0.51

1.00

0.49

Seychelles Hong Kong, the PRC the PRC the PRC Malaysia the PRC RSSV Hong Kong, the PRC Xing Rui Huaxin RSSV Huaxin Holding Company Holding Company Holding Company Trading of oil products Nutritional Services Trading of oil products January 31 January 31 December 31 December 31 December 31 December 31 1 1 1 2 1

0.98

0.96

0.99

0.94

0.88

1245759

2791090

860283

77157

4322

5186

773618

871797

78138

4376

5252

784031

308735

337305

45000

70613

4524

50458

1414842

Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought

155075

157047

92930 120260

3751142

1219807

1981195

550140

3734086

3199594

534492

9485511

1056342

7298281

1130888

9904999

3030509

5846236

1028254

400000000

520976241

37403

147999

0 788334 1022775 1013557

14154294

4446

37055058

11478115

31536276

6210968

0 1905 37055058 11478115 The English names used are translated only.

271489

-112854

681874

-577197

52596

No false

EX-101.SCH 7 rssv-20190331.xsd XBRL TAXONOMY EXTENSION SCHEMA 001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 002 - Statement - Condensed Consolidated Balance Sheets link:presentationLink link:definitionLink link:calculationLink 003 - Statement - Condensed Consolidated Balance Sheets (Parentheticals) link:presentationLink link:definitionLink link:calculationLink 004 - Statement - Consolidated Statements of Operations and Other Comprehensive Income (Loss) (Unaudited) link:presentationLink link:definitionLink link:calculationLink 006 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:definitionLink link:calculationLink 005 - Statement - Consolidated Statements of Shareholders' Equity (Unaudited) link:presentationLink link:definitionLink link:calculationLink 007 - Disclosure - ORGANIZATION AND DESCRIPTION OF BUSINESS link:presentationLink link:definitionLink link:calculationLink 008 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:definitionLink link:calculationLink 009 - Disclosure - GOING CONCERN link:presentationLink link:definitionLink link:calculationLink 010 - Disclosure - ACCOUNTS RECEIVABLE link:presentationLink link:definitionLink link:calculationLink 011 - Disclosure - INVENTORIES link:presentationLink link:definitionLink link:calculationLink 012 - Disclosure - PROPERTY AND EQUIPMENT link:presentationLink link:definitionLink link:calculationLink 013 - Disclosure - ACCRUED LIABILITIES AND OTHER PAYABLE link:presentationLink link:definitionLink link:calculationLink 014 - Disclosure - STOCKHOLDERS' EQUITY link:presentationLink link:definitionLink link:calculationLink 015 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:definitionLink link:calculationLink 016 - Disclosure - SEGMENTED INFORMATION link:presentationLink link:definitionLink link:calculationLink 024 - Disclosure - ORGANIZATION AND DESCRIPTION OF BUSINESS (Detail Textuals) link:presentationLink link:definitionLink link:calculationLink 026 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) link:presentationLink link:definitionLink link:calculationLink 027 - Disclosure - ACCOUNTS RECEIVABLES (Detail Textuals) link:presentationLink link:definitionLink link:calculationLink 030 - Disclosure - PROPERTY AND EQUIPMENT (Detail Textuals) link:presentationLink link:definitionLink link:calculationLink 032 - Disclosure - STOCKHOLDERS' EQUITY (Detail Textuals) link:presentationLink link:definitionLink link:calculationLink 035 - Disclosure - RELATED PARTY TRANSACTIONS (Detail Textuals) link:presentationLink link:definitionLink link:calculationLink 017 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:definitionLink link:calculationLink 018 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:definitionLink link:calculationLink 019 - Disclosure - INVENTORIES (Tables) link:presentationLink link:definitionLink link:calculationLink 020 - Disclosure - PROPERTY AND EQUIPMENT (Tables) link:presentationLink link:definitionLink link:calculationLink 021 - Disclosure - ACCRUED LIABILITIES AND OTHER PAYABLE (Tables) link:presentationLink link:definitionLink link:calculationLink 022 - Disclosure - RELATED PARTY TRANSACTIONS (Tables) link:presentationLink link:definitionLink link:calculationLink 023 - Disclosure - SEGMENTED INFORMATION (Tables) link:presentationLink link:definitionLink link:calculationLink 025 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:definitionLink link:calculationLink 028 - Disclosure - INVENTORIES (Details) link:presentationLink link:definitionLink link:calculationLink 029 - Disclosure - PROPERTY AND EQUIPMENT (Details) link:presentationLink link:definitionLink link:calculationLink 031 - Disclosure - ACCRUED LIABILITIES AND OTHER PAYABLE (Details) link:presentationLink link:definitionLink link:calculationLink 033 - Disclosure - RELATED PARTY TRANSACTIONS (Details) link:presentationLink link:definitionLink link:calculationLink 034 - Disclosure - RELATED PARTY TRANSACTIONS (Details 1) link:presentationLink link:definitionLink link:calculationLink 036 - Disclosure - SEGMENTED INFORMATION (Details) link:presentationLink link:definitionLink link:calculationLink 037 - Disclosure - SEGMENTED INFORMATION (Details 1) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 8 rssv-20190331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 rssv-20190331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 rssv-20190331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document And Entity Information [Abstract] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Emerging Growth Company Entity Small Business Entity Filer Category Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Entity-Ex-Transition-Period Statement of Financial Position [Abstract] ASSETS ASSETS Assets Current Assets Current Assets Cash and cash equivalents Cash and cash equivalents Cash for continuing operations Accounts receivable Accounts receivable Inventory Inventory Prepaid and Other current assets Other current assets Total Prepaid expense and other current assets Amount due from related parties Due from related parties Due from related party Current assets Total Current Assets Plant and Equipment, net Property and Equipment, net Goodwill Assets TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Current Liabilities Accounts payable Accounts payable Accrued liabilities and other payable Accrued liabilities and other payable Deferred revenue Deferred revenue Due to related parties Due to related parties Due to related party Tax payable Tax payable Current liabilities Total Current Liabilities Deferred tax liabilities Deferred tax liabilities Long term liabilities Liabilities [Default Label] TOTAL LIABILITIES COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY Preferred stock, $0.0001 par value; 15,000,000 shares authorized; no shares issued and outstanding Preferred stock, $0.0001 par value; 15,000,000 shares authorized; no shares issued and outstanding Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 520,976,241 and 74,976,241 shares issued and outstanding Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 520,976,241 shares issued and outstanding Additional paid-in capital Additional paid-in capital Accumulated deficit Retained earnings Accumulated other comprehensive income (loss) Accumulated other comprehensive loss Stockholders' Equity Attributable to Parent Total equity Balance Balance Liabilities and Equity TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY Preferred stock, par value (in dollars per share) Preferred stock, par value (in dollars per share) Preferred stock, share authorized Preferred stock, shares authorized Preferred stock, share issued Preferred stock, outstanding Common Stock, No Par Value Common stock, par value (in dollars per share) Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Consolidated Statements Of Operations And Other Comprehensive Income Revenue Cost of goods sold Cost of goods sold Gross Profit Gross Profit Operating Expenses General and administrative Professional fees Operating Expenses [Default Label] Total Operating Expenses Operating expenses Operating Income (Loss) Income (Loss) From Operations Other Expense Other Income Other income Other income (expenses) Other income Total Other Income Expenses Total Other Income Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Income (Loss) Before Income Taxes Income Tax Expense (Benefit) Provision for income taxes Net income (loss) Net income Net Income (Loss) Other Comprehensive Income (Loss) Other Comprehensive Income Foreign currency translation adjustments Comprehensive Income (Loss), Net of Tax, Attributable to Parent Total Comprehensive Income (Loss) Total Comprehensive Income (Loss) Attributable to the Shareholders Of Resort Savers, Inc. Total Comprehensive Income (Loss) Basic and Diluted Loss per Common Share Basic and Diluted Income (Loss) per Common Share (in dollars per share) Basic and Diluted Weighted Average Common Shares Outstanding Basic and Diluted Weighted Average Common Shares Outstanding (in shares) Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES Adjustments to reconcile net income (loss) to net cash from operating activities: Adjustments to reconcile net loss to net cash from operating activities: Depreciation Changes in operating assets and liabilities: Increase (Decrease) Due from Other Related Parties Amount due from related parties Amount due from related parties Increase (Decrease) in Accounts Receivable Accounts receivable Accounts receivable Increase (Decrease) in Inventories Inventories Increase (Decrease) in Prepaid Expense and Other Assets Other current assets Other current assets Increase (Decrease) in Accounts Payable and Accrued Liabilities Accounts payable Increase (Decrease) in Deferred Revenue Deferred revenue Amount due to related parties Increase (Decrease) in Income Taxes Payable Tax payable Increase (Decrease) in Other Accounts Payable Accrued liabilities and other payable Net Cash Provided by (Used in) Operating Activities, Continuing Operations Net cash used in operating activities CASH FLOWS FROM FINANCING ACTIVITIES Bank overdraft Loans from related parties Repayments of Long-term Debt Repayments of loans from related parties Net Cash Provided by (Used in) Financing Activities, Continuing Operations Net cash provided by (used in) financing activities Effects on changes in foreign exchange rate Net change in cash and cash equivalents Net change in cash and cash equivalents Cash and Cash Equivalents, at Carrying Value Cash and cash equivalents - beginning of period Cash and cash equivalents - end of period Supplemental Cash Flow Disclosures Cash paid for interest Cash paid for income taxes Statement of Stockholders' Equity [Abstract] Statement [Table] Equity Components [Axis] Equity Component [Domain] Common Stock [Member] Common Stock Additional Paid-in Capital [Member] Additional Paid-in Capital Retained Earnings [Member] Retained Earnings AOCI Attributable to Parent [Member] Accumulated Other Comprehensive Loss Statement [Line Items] Increase (Decrease) in Stockholders' Equity [Roll Forward] Shares, Issued Balance (shares) Balance (shares) Other Comprehensive Income (Loss), Net of Tax Other comprehensive income Notes to Financial Statements NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS ORGANIZATION AND DESCRIPTION OF BUSINESS NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES NOTE 3. GOING CONCERN GOING CONCERN NOTE 4. ACCOUNTS RECEIVABLE ACCOUNTS RECEIVABLE NOTE 5. INVENTORIES INVENTORIES NOTE 7. PLANT AND EQUIPMENT PROPERTY AND EQUIPMENT NOTE 8. ACCRUED LIABILITIES AND OTHER PAYABLE ACCRUED LIABILITIES AND OTHER PAYABLE NOTE 11. STOCKHOLDERS' EQUITY STOCKHOLDERS? EQUITY NOTE 12. RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS NOTE 14. SEGMENTED INFORMATION SEGMENTED INFORMATION rssv_OrganizationAndDescriptionOfBusinessDetailsNarrativeAbstract Title of Individual [Axis] Relationship to Entity [Domain] Mr. Tan [Member] Mr. Tan custom:MrTanMember Business Acquisition [Axis] Business Acquisition, Acquiree [Domain] Admal Acquisition [Member] Admal Acquisition Legal Entity [Axis] Entity [Domain] Admall Sdn Bhd [Member] Admall Sdn Bhd State of incorporation Date of Incorporation Business Acquisition, Ownership percentage acquired Common Stock, Par or Stated Value Per Share Common stock, par value Business acquisition, consideration transfer shares issued Business acquisition consideration transferred shares issued, percentage of outstanding shares Business acquisition consideration transferred shares issued, percentage of outstanding shares. Ownership percentage held by Mr. Tan Ownership percentage held by Mr. Tan Summary Of Significant Accounting Policies Details Narrative (Abstract) Accounting Policies [Table] Schedule of information of accounting policies. Concentration Risk Type [Axis] Concentration Risk Type [Domain] Customer Concentration Risk [Member] Concentrations of Credit Risk Concentration Risk Benchmark [Axis] Concentration Risk Benchmark [Domain] Accounts Payable [Member] Accounts payable Sales Revenue, Net [Member] Sales Revenue Accounts Receivable [Member] Accounts receivable Tieshan Oil [Member] It represent information regarding Tieshan Oil. Tieshan Oil Accounting Policies [Line Items] Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Number of customers Represents number of customers. Number of vendors Number of vendors Concentration risk, percentage Accounts Receivables Bad debt Trade Receivables From Customers Trade receivables from customers Amount of trade receivables from customers. Plant And Equipment rssv_StockholdersEquityDetailsNarrativeAbstract Long-term Debt, Type [Axis] us-gaap_LongtermDebtTypeDomain Convertible Debt [Member] Common stock, voting right Related Party Transactions Related Party Transactions Details Narrative (Abstract) Revenue from related party Revenue from related parties Related Party Costs Cost of goods sold Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party General and administrative expense Accounts Receivable, Related Parties, Current Accounts receivable Accounts Payable, Related Parties, Current Accounts payable Summary Of Significant Accounting Policies Policies (Abstract) Basis of Presentation Principles of Consolidation Use of Estimates Use of Estimates and Assumptions Foreign Currency Translation and Re-measurement Concentrations of Credit Risk Earnings Per Share, Policy [Policy Text Block] Earnings Per Share of Common Stock Recent Accounting Pronouncements Summary Of Significant Accounting Policies Summary Of Significant Accounting Policies Schedule of summary of principal subsidiaries of the company Schedule of property and equipment estimated useful lives Inventories Inventories Tables (Abstract) Schedule of Inventory Name Of Jurisdiction Schedule of property and equipment Bay Worxrail Llc [Member] Schedule Of Accounts Payable And Accrued Liabilities Related Party Transactions Tables (Abstract) Schedule Of Due from RelatedPartyTransaction Schedule of due from related party Schedule Of Due from Related Party Transaction Schedule Of Due to RelatedPartyTransaction Schedule of due to related party Segmented Information Schedule of Segment Reporting Information EX-101.PRE 11 rssv-20190331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R1.htm IDEA: XBRL DOCUMENT

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2019	Jun. 10, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	Resort Savers, Inc.
Entity Central Index Key	0001572384
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	No
Entity Emerging Growth Company	true
Entity Small Business	true
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		520,976,241
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2019
Entity-Ex-Transition-Period	false
Entity Shell Company	false

XML 13 R2.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Current Assets
Cash and cash equivalents	$ 180,522	$ 257,391
Accounts receivable	12,185,995	38,165,057
Inventory	2,791,090	1,245,759
Other current assets	88,068	42,275
Due from related parties	945,381	155,075
Total Current Assets	16,191,056	39,865,557
Property and Equipment, net	534,492	551,548
Goodwill	3,199,594	3,199,594
TOTAL ASSETS	19,925,142	43,616,699
Current Liabilities
Accounts payable	7,092,930	32,593,531
Accrued liabilities and other payable	1,491,884	95,458
Deferred revenue	45,695	56,416
Due to related parties	1,133,817	1,115,705
Tax payable	214,956	229,729
Total Current Liabilities	9,979,282	34,090,839
Deferred tax liabilities	40,861	40,349
TOTAL LIABILITIES	10,020,143	34,131,188
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Preferred stock, $0.0001 par value; 15,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.0001 par value; 1,000,000,000 shares authorized; 520,976,241 shares issued and outstanding	52,098	52,098
Additional paid-in capital	8,884,686	8,884,686
Retained earnings	1,263,014	991,525
Accumulated other comprehensive loss	(294,799)	(442,798)
Total equity	9,904,999	9,485,511
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 19,925,142	$ 43,616,699

XML 14 R3.htm IDEA: XBRL DOCUMENT

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
STOCKHOLDERS' EQUITY
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, share authorized	15,000,000	15,000,000
Preferred stock, share issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	520,976,241	520,976,241
Common stock, shares outstanding	520,976,241	520,976,241

XML 15 R4.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Operations and Other Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Consolidated Statements Of Operations And Other Comprehensive Income
Revenue	$ 14,781,045	$ 211,032
Cost of goods sold	14,169,390	156,151
Gross Profit	611,655	54,881
Operating Expenses
General and administrative	182,744	190,603
Professional fees	26,245
Total Operating Expenses	208,989	190,603
Income (Loss) From Operations	402,666	(135,722)
Other Income
Other income	134	2,071
Total Other Income	134	2,071
Income (Loss) Before Income Taxes	402,800	(133,651)
Provision for income taxes	(131,311)	20,797
Net Income (Loss)	271,489	(112,854)
Other Comprehensive Income
Foreign currency translation adjustments	147,999	37,403
Total Comprehensive Income (Loss)	$ 419,488	$ (75,451)
Basic and Diluted Income (Loss) per Common Share (in dollars per share)	$ 0.00	$ (0.00)
Basic and Diluted Weighted Average Common Shares Outstanding (in shares)	520,976,241	400,000,000

XML 16 R5.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2017	$ 40,000	$ 1,166,475	$ (464,343)	$ 15,193	$ 757,325
Balance (shares) at Dec. 31, 2017	400,000,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			(112,854)		(112,854)
Other comprehensive income				37,403	37,403
Balance at Mar. 31, 2018	$ 40,000	1,166,475	(577,197)	52,596	681,874
Balance (shares) at Mar. 31, 2018	400,000,000
Balance at Dec. 31, 2018	$ 52,098	8,884,686	991,525	(442,798)	9,485,511
Balance (shares) at Dec. 31, 2018	520,976,241
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			271,489		271,489
Other comprehensive income				147,999	147,999
Balance at Mar. 31, 2019	$ 52,098	$ 8,884,686	$ 1,263,014	$ (294,799)	$ 9,904,999
Balance (shares) at Mar. 31, 2019	520,976,241

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669625-108580

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1A
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4573702-111684

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=84234705&loc=SL4591551-111686

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3000-108585

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=108774443&loc=SL4569616-111683

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=84234705&loc=SL4591552-111686

+ Details

XML 17 R6.htm IDEA: XBRL DOCUMENT

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ 271,489	$ (112,854)
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation	24,027	27,532
Changes in operating assets and liabilities:
Amount due from related parties	(784,101)	(2,707)
Accounts receivable	26,771,083	(45,847)
Inventories	(1,525,401)	128,628
Other current assets	(45,158)	11,000
Accounts payable	(26,165,313)	13,304
Deferred revenue	(11,413)	604
Amount due to related parties		(15,528)
Tax payable	(19,474)	(20,797)
Accrued liabilities and other payable	1,392,750	11,640
Net cash used in operating activities	(91,511)	(5,025)
CASH FLOWS FROM FINANCING ACTIVITIES
Bank overdraft		(4,071)
Loans from related parties	11,237
Repayments of loans from related parties	(2,489)
Net cash provided by (used in) financing activities	8,748	(4,071)
Effects on changes in foreign exchange rate	5,894	8,107
Net change in cash and cash equivalents	(76,869)	(989)
Cash and cash equivalents - beginning of period	257,391	989
Cash and cash equivalents - end of period	180,522
Supplemental Cash Flow Disclosures
Cash paid for interest	0	$ 0
Cash paid for income taxes	$ 45,485

XML 18 R7.htm IDEA: XBRL DOCUMENT

ORGANIZATION AND DESCRIPTION OF BUSINESS

3 Months Ended

Mar. 31, 2019

ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Admall Share Exchange and Recapitalization

Admall Sdn. Bhd.

XML 19 R8.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Mar. 31, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The amounts shown in these financial statements for periods prior to May 16, 2018 are those of Admall.

Principles of Consolidation

At March 31, 2019, the principal subsidiaries of the Company were listed as follows:

Entity Name

Acquisition

Date

Ownership

Jurisdiction

Investments

Held By

Nature of

Operation

Fiscal

Year

Admall Sdn. Bhd.

May 16,

2018

100

Malaysia

RSSV

Nutritional Services

December 31

Xing Rui International Investment Holding Group Co., Ltd. (“Xing Rui”)

December 22,

2014

100

Seychelles

RSSV

Holding

Company

January 31

Xing Rui International Investment Group Ltd. (“Xing Rui HK”)

December 22,

2014

100

Hong Kong,

the PRC

Xing Rui

Holding

Company

January 31

Huaxin Changrong (Shenzhen) Technology Service Co., Ltd. (“Huaxin”) *

August 27,

2015

100

the PRC

Xing Rui

Holding

Company

December 31

Beijing Yandong Tieshan Oil Products Co., Ltd. (“Tieshan Oil”) *

January 29,

2016

the PRC

Huaxin

Trading of oil products

December 31

May 16,

2018

__________

*	The English names used are translated only.

These consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany balances and transactions have been eliminated.

Use of Estimates and Assumptions

Foreign Currency Translation and Re-measurement

The Company translates its foreign operations to U.S. dollars in accordance with ASC 830, “Foreign Currency Matters”.

The translate its records into U.S. dollar as follows:

	·	Assets and liabilities at the rate of exchange in effect at the balance sheet date
	·	Equities at historical rate
	·	Revenue and expense items at the average rate of exchange prevailing during the period

Concentrations of Credit Risk

Tieshan Oil

During the three months ended March 31, 2019, one customer, who is a related party, accounted for 99% of revenues from related party.

Earnings Per Share of Common Stock

The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.

Recent Accounting Pronouncements

XML 20 R9.htm IDEA: XBRL DOCUMENT

GOING CONCERN

3 Months Ended

Mar. 31, 2019

GOING CONCERN

NOTE 3 - GOING CONCERN

XML 21 R10.htm IDEA: XBRL DOCUMENT

ACCOUNTS RECEIVABLE

3 Months Ended

Mar. 31, 2019

ACCOUNTS RECEIVABLE

NOTE 4 – ACCOUNTS RECEIVABLE

XML 22 R11.htm IDEA: XBRL DOCUMENT

INVENTORIES

3 Months Ended

Mar. 31, 2019

INVENTORIES

NOTE 5 – INVENTORIES

Inventories at March 31, 2019 and December 31, 2018 consist of the following:

	March 31,		December 31,
	2019		2018

Finished goods	$	2,791,090	$	1,245,759

XML 23 R12.htm IDEA: XBRL DOCUMENT

PROPERTY AND EQUIPMENT

3 Months Ended

Mar. 31, 2019

PROPERTY AND EQUIPMENT

NOTE 6 – PROPERTYAND EQUIPMENT

Plant and equipment at March 31, 2019 and December 31, 2018 consist of the following:

	March 31,			December 31,
	2019			2018
Cost:
Computer and software	$	78,138		$	77,157
Furniture and fittings		4,376			4,322
Office equipment		5,252			5,186
Plant and machinery		784,031			773,618
		871,797			860,283
Less: accumulated depreciation		(337,305	)		(308,735	)
Property and Equipment, net	$	534,492		$	551,548

During the three months ended March 31, 2019 and 2018, the Company recorded depreciation of $24,027 and $27,532, respectively.

XML 24 R13.htm IDEA: XBRL DOCUMENT

ACCRUED LIABILITIES AND OTHER PAYABLE

3 Months Ended

Mar. 31, 2019

ACCRUED LIABILITIES AND OTHER PAYABLE

NOTE 7 –ACCRUED LIABILITIES AND OTHER PAYABLE

The Company’s accounts payable and accrued liabilities consist of the followings:

	March 31,		December 31,
	2019		2018
Accrued expenses	$	70,613	$	45,000
Deposit received		4,524		-
Other payables		1,414,842		50,458
Credit Card		1,905		-
	$	1,491,884	$	95,458

XML 25 R14.htm IDEA: XBRL DOCUMENT

STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2019

STOCKHOLDERS? EQUITY

NOTE 8 - STOCKHOLDERS’ EQUITY

The capitalization of the Company consists of the following classes of capital stock as of March 31, 2019:

Preferred Stock

Common Stock

During the three months ended March 31, 2019, there were no issuances of common stock.

As at March 31, 2019 and December 31, 2018, the Company had 520,976,241 common shares issued and outstanding.

The Company has no stock option plan, warrants or other dilutive securities.

XML 26 R15.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2019

RELATED PARTY TRANSACTIONS

NOTE 9 – RELATED PARTY TRANSACTIONS

Revenue and Expense

Due from related party

As of March 31, 2019 and December 31, 2018, the Company recorded due from related parties as follows. The loan is non-interest bearing and due on demand.

	March 31,		December 31,
	2019		2018
Prepayment	$	788,334	$	-
Loan to related parties		157,047		155,075
	$	945,381	$	155,075

Due to related party

As of March 31, 2019 and December 31, 2018, the Company recorded due to related parties as follows. The loan is non-interest bearing and due on demand.

	March 31,		December 31,
	2019		2018
Loan from director	$	1,013,557	$	1,022,775
Loan from related parties		120,260		92,930
	$	1,133,817	$	1,115,705

XML 27 R16.htm IDEA: XBRL DOCUMENT

SEGMENTED INFORMATION

3 Months Ended

Mar. 31, 2019

Summary Of Significant Accounting Policies Policies (Abstract)

SEGMENTED INFORMATION

NOTE 10 - SEGMENTED INFORMATION

Segment assets and liabilities as of March 31, 2019 and December 31, 2018 were as follows:

March 31, 2019	Holding Company		Oil and gas		Nutritional Services		Total Consolidated
Assets
Current assets	$	3,190	$	13,080,332	$	3,107,534	$	16,191,056
Non-current assets		3,199,594		-		534,492		3,734,086
Liabilities
Current liabilities		172,275		7,234,096		2,572,911		9,979,282
Long term liabilities		-		-		40,861		40,861
Net assets	$	3,030,509	$	5,846,236	$	1,028,254	$	9,904,999

December 31, 2018	Holding Company		Oil and gas		Nutritional Services		Total Consolidated
Assets
Current assets	$	3,545	$	38,020,730	$	1,841,282	$	39,865,557
Non-current assets		1,219,807		1,981,195		550,140		3,751,142
Liabilities
Current liabilities		167,010		32,703,644		1,220,185		34,090,839
Long term liabilities		-		-		40,349		40,349
Net assets	$	1,056,342	$	7,298,281	$	1,130,888	$	9,485,511

Segment revenue and net income (loss) for the three and three months ended March 31, 2019 and 2018 were as follows:

Three Months Ended March 31, 2019	Holding Company			Oil and gas			Nutritional Services			Total Consolidated
Revenue	$	-		$	14,664,803		$	116,242		$	14,781,045
Cost of goods sold		-			(14,118,726	)		(50,664	)		(14,169,390	)
Operating expenses		(5,687	)		(20,834	)		(182,468	)		(208,989	)
Other income		-			-			134			134
Provision for income taxes		-			(131,311	)		-			(131,311	)
Net income (loss)	$	(5,687	)	$	393,932		$	(116,756	)	$	271,489

Three Months Ended March 31, 2018	Holding Company		Oil and gas		Nutritional Services			Total Consolidated
Revenue	$	-	$	-	$	211,032		$	211,032
Cost of goods sold		-		-		(156,151	)		(156,151	)
Operating expenses		-		-		(190,603	)		(190,603	)
Other income		-		-		2,071			2,071
Provision for income taxes		-		-		20,797			20,797
Net loss	$	-	$	-	$	(112,854	)	$	(112,854	)

XML 28 R17.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Mar. 31, 2019

Basis of Presentation

Basis of Presentation

The amounts shown in these financial statements for periods prior to May 16, 2018 are those of Admall.

Principles of Consolidation

Principles of Consolidation

At March 31, 2019, the principal subsidiaries of the Company were listed as follows:

Entity Name

Acquisition

Date

Ownership

Jurisdiction

Investments

Held By

Nature of

Operation

Fiscal

Year

Admall Sdn. Bhd.

May 16,

2018

100

Malaysia

RSSV

Nutritional Services

December 31

Xing Rui International Investment Holding Group Co., Ltd. (“Xing Rui”)

December 22,

2014

100

Seychelles

RSSV

Holding

Company

January 31

Xing Rui International Investment Group Ltd. (“Xing Rui HK”)

December 22,

2014

100

Hong Kong,

the PRC

Xing Rui

Holding

Company

January 31

Huaxin Changrong (Shenzhen) Technology Service Co., Ltd. (“Huaxin”) *

August 27,

2015

100

the PRC

Xing Rui

Holding

Company

December 31

Beijing Yandong Tieshan Oil Products Co., Ltd. (“Tieshan Oil”) *

January 29,

2016

the PRC

Huaxin

Trading of oil products

December 31

May 16,

2018

__________

*	The English names used are translated only.

These consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany balances and transactions have been eliminated.

Use of Estimates and Assumptions

Use of Estimates and Assumptions

Foreign Currency Translation and Re-measurement

Foreign Currency Translation and Re-measurement

The Company translates its foreign operations to U.S. dollars in accordance with ASC 830, “Foreign Currency Matters”.

The translate its records into U.S. dollar as follows:

	·	Assets and liabilities at the rate of exchange in effect at the balance sheet date
	·	Equities at historical rate
	·	Revenue and expense items at the average rate of exchange prevailing during the period

Concentrations of Credit Risk

Concentrations of Credit Risk

Tieshan Oil

During the three months ended March 31, 2019, one customer, who is a related party, accounted for 99% of revenues from related party.

Earnings Per Share of Common Stock

Earnings Per Share of Common Stock

The Company has no potentially dilutive securities, such as options or warrants, currently issued and outstanding.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

XML 29 R18.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2019

Summary Of Significant Accounting Policies

Schedule of summary of principal subsidiaries of the company

Entity Name

Acquisition

Date

Ownership

Jurisdiction

Investments

Held By

Nature of

Operation

Fiscal

Year

Admall Sdn. Bhd.

May 16,

2018

100

Malaysia

RSSV

Nutritional Services

December 31

Xing Rui International Investment Holding Group Co., Ltd. (“Xing Rui”)

December 22,

2014

100

Seychelles

RSSV

Holding

Company

January 31

Xing Rui International Investment Group Ltd. (“Xing Rui HK”)

December 22,

2014

100

Hong Kong,

the PRC

Xing Rui

Holding

Company

January 31

Huaxin Changrong (Shenzhen) Technology Service Co., Ltd. (“Huaxin”) *

August 27,

2015

100

the PRC

Xing Rui

Holding

Company

December 31

Beijing Yandong Tieshan Oil Products Co., Ltd. (“Tieshan Oil”) *

January 29,

2016

the PRC

Huaxin

Trading of oil products

December 31

May 16,

2018

__________

*	The English names used are translated only.

XML 30 R19.htm IDEA: XBRL DOCUMENT

INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2019

Inventories Tables (Abstract)

Schedule of Inventory

	March 31,		December 31,
	2019		2018

Finished goods	$	2,791,090	$	1,245,759

XML 31 R20.htm IDEA: XBRL DOCUMENT

PROPERTY AND EQUIPMENT (Tables)

3 Months Ended

Mar. 31, 2019

Name Of Jurisdiction

Schedule of property and equipment

	March 31,			December 31,
	2019			2018
Cost:
Computer and software	$	78,138		$	77,157
Furniture and fittings		4,376			4,322
Office equipment		5,252			5,186
Plant and machinery		784,031			773,618
		871,797			860,283
Less: accumulated depreciation		(337,305	)		(308,735	)
Property and Equipment, net	$	534,492		$	551,548

XML 32 R21.htm IDEA: XBRL DOCUMENT

ACCRUED LIABILITIES AND OTHER PAYABLE (Tables)

3 Months Ended

Mar. 31, 2019

Bay Worxrail Llc [Member]

Schedule Of Accounts Payable And Accrued Liabilities

	March 31,		December 31,
	2019		2018
Accrued expenses	$	70,613	$	45,000
Deposit received		4,524		-
Other payables		1,414,842		50,458
Credit Card		1,905		-
	$	1,491,884	$	95,458

XML 33 R22.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of due from related party

	March 31,		December 31,
	2019		2018
Prepayment	$	788,334	$	-
Loan to related parties		157,047		155,075
	$	945,381	$	155,075

Schedule of due to related party

	March 31,		December 31,
	2019		2018
Loan from director	$	1,013,557	$	1,022,775
Loan from related parties		120,260		92,930
	$	1,133,817	$	1,115,705

XML 34 R23.htm IDEA: XBRL DOCUMENT

SEGMENTED INFORMATION (Tables)

3 Months Ended

Mar. 31, 2019

Segmented Information

Schedule of Segment Reporting Information

Segment assets and liabilities as of March 31, 2019 and December 31, 2018 were as follows:

March 31, 2019	Holding Company		Oil and gas		Nutritional Services		Total Consolidated
Assets
Current assets	$	3,190	$	13,080,332	$	3,107,534	$	16,191,056
Non-current assets		3,199,594		-		534,492		3,734,086
Liabilities
Current liabilities		172,275		7,234,096		2,572,911		9,979,282
Long term liabilities		-		-		40,861		40,861
Net assets	$	3,030,509	$	5,846,236	$	1,028,254	$	9,904,999

December 31, 2018	Holding Company		Oil and gas		Nutritional Services		Total Consolidated
Assets
Current assets	$	3,545	$	38,020,730	$	1,841,282	$	39,865,557
Non-current assets		1,219,807		1,981,195		550,140		3,751,142
Liabilities
Current liabilities		167,010		32,703,644		1,220,185		34,090,839
Long term liabilities		-		-		40,349		40,349
Net assets	$	1,056,342	$	7,298,281	$	1,130,888	$	9,485,511

Segment revenue and net income (loss) for the three and three months ended March 31, 2019 and 2018 were as follows:

Three Months Ended March 31, 2019	Holding Company			Oil and gas			Nutritional Services			Total Consolidated
Revenue	$	-		$	14,664,803		$	116,242		$	14,781,045
Cost of goods sold		-			(14,118,726	)		(50,664	)		(14,169,390	)
Operating expenses		(5,687	)		(20,834	)		(182,468	)		(208,989	)
Other income		-			-			134			134
Provision for income taxes		-			(131,311	)		-			(131,311	)
Net income (loss)	$	(5,687	)	$	393,932		$	(116,756	)	$	271,489

Three Months Ended March 31, 2018	Holding Company		Oil and gas		Nutritional Services			Total Consolidated
Revenue	$	-	$	-	$	211,032		$	211,032
Cost of goods sold		-		-		(156,151	)		(156,151	)
Operating expenses		-		-		(190,603	)		(190,603	)
Other income		-		-		2,071			2,071
Provision for income taxes		-		-		20,797			20,797
Net loss	$	-	$	-	$	(112,854	)	$	(112,854	)

XML 35 R24.htm IDEA: XBRL DOCUMENT

ORGANIZATION AND DESCRIPTION OF BUSINESS (Detail Textuals) - USD ($)	1 Months Ended	3 Months Ended
	May 16, 2018	Mar. 31, 2019	Dec. 31, 2018
State of incorporation		Nevada
Date of Incorporation		Jun. 25, 2012
Common stock, par value		$ 0.0001	$ 0.0001
Goodwill		$ 3,199,594	$ 3,199,594
Admall Sdn Bhd
Ownership percentage held by Mr. Tan	100.00%
Mr. Tan \| Admal Acquisition
Business Acquisition, Ownership percentage acquired	100.00%
Common stock, par value	$ 0.0001
Business acquisition, consideration transfer shares issued	400,000,000
Business acquisition consideration transferred shares issued, percentage of outstanding shares	81.47%

XML 36 R25.htm IDEA: XBRL DOCUMENT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)

3 Months Ended

Mar. 31, 2019

Admall Sdn Bhd

Xing Rui International Investment Holding Group Co., Ltd. ('"Xing Rui")

May 16, 2018

100.00%

Malaysia

RSSV

Nutritional Services

December 31

Xing Rui International Investment Group Ltd. ("Xing Rui HK")

Dec. 22, 2014

100.00%

Seychelles

RSSV

Holding Company

January 31

Huaxin Changrong (Shenzhen) Technology Service Co., Ltd. ("Huaxin")

Dec. 22, 2014

100.00%

Hong Kong, the PRC

Hong Kong, the PRC

Holding Company

January 31

Beijing Yandong Tieshan Oil Products Co., Ltd. ("Tieshan Oil") One

Acquisition Date

Aug. 27, 2015

^[1]

Ownership

100.00%

^[1]

Name of Jurisdiction

the PRC

^[1]

Investments Held By

Xing Rui

^[1]

Nature of operation

Holding Company

^[1]

Fiscal Year

December 31

^[1]

Beijing Yandong Tieshan Oil Products Co., Ltd. ("Tieshan Oil") Two

Acquisition Date

Jan. 29, 2016

^[1]

Ownership

51.00%

^[1]

Name of Jurisdiction

the PRC

^[1]

Investments Held By

Huaxin

^[1]

Nature of operation

Trading of oil products

^[1]

Fiscal Year

December 31

^[1]