Concentrations

12 Months Ended

Dec. 31, 2019

Risks and Uncertainties [Abstract]

CONCENTRATIONS

NOTE 12 – CONCENTRATIONS

Customers Concentrations

The following table sets forth information as to each customer that accounted for 10% or more of the Company's revenues for the years ended December 31, 2019 and 2018.

	For the year ended December 31,
Customers	2019					2018
	Amount		%			Amount		%
A		3,026,072		23	%		N/A		N/A
B		2,297,573		18	%		N/A		N/A
C		N/A		N/A			2,096,121		16	%
D		N/A		N/A			1,952,652		15	%

Suppliers Concentrations

The following table sets forth information as to each supplier that accounted for 10% or more of the Company's purchase for the years ended December 31, 2019 and 2018.

	For the year ended December 31,
Suppliers	2019					2018
	Amount		%			Amount		%
A		3,357,250		54	%		3,651,430		43	%
B		1,649,276		26	%		N/A		N/A
C		616,587		10	%		N/A		N/A
D		-		-			840,657		10	%

Credit Risks

The Company's operations are carried out in the PRC. Accordingly, the Company's business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC's economy. The Company's operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America. The Company's results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.

Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and trade accounts receivable. Substantially all of the Company's cash is maintained with state-owned banks within the PRC, and none of these deposits are covered by insurance. The Company has not experienced any losses in such accounts and believes it is not exposed to any risks on its cash in bank accounts. A significant portion of the Company's sales are credit sales which are primarily to customers whose ability to pay is dependent upon the industry economics prevailing in these areas; however, concentrations of credit risk with respect to trade accounts receivables is limited due to generally short payment terms. The Company also performs ongoing credit evaluations of its customers to help further reduce credit risk. At December 31, 2019 and 2018, the Company's cash balances by geographic area were as follows:

	December 31,				December 31,
	2019				2018
United States	$	-	0	%	$	-	0	%
China		103,868	100	%		12,778	100	%
Total cash and cash equivalents	$	103,868	100	%	$	12,778	100	%