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Related Party Transactions
9 Months Ended
Sep. 30, 2019
Related Party Transactions  
7. Related Party Transactions

At September 30, 2019 and December 31, 2018, the Company lent funds to the following related parties; these loans were unsecured and non-interest bearing.

 

Entity

 

2019

 

2018

 

Relationship

 

Jinmen Xintai Vegetable Cultivation Professional Cooperative

 

$

642

 

$

74

 

Common Control

 

Hubei Ruizhe Agricultural Co., Ltd.

 

$

609

 

-

 

Common Control

 

Desheng Chen

 

-

 

$

5,480

 

Relative to CEO

 

Xiangyi Yang

 

-

 

-

 

Relative to CEO

 

Hubei Chenyuhui Retail Store

 

$

53,546

 

$

40,152

 

Common Control

 

Jingmen Xintai Asset Management Co., Ltd.

 

-

 

$

275

 

Relative to CEO

 

Jinmen Xintai Cultural Development Co., Ltd

 

-

 

$

30,479

 

Common Control

 

Jingmen Xinxin Cultural Development Co., Ltd.

 

-

 

-

 

Common Control

 

Total

 

$

54,797

 

$

76,460

 

At September 30, 2019 and December 31, 2018, the Company owed funds to the following related parties These advances were unsecured and non-interest bearing and due on demand:

 

Entity

 

2019

 

2018

 

Relationship

 

Jinmen Xintai Vegetable Cultivation Professional Cooperative

 

$

111,121

 

$

4,616

 

Common Control

 

Jinmen Quntai Agriculture Technology Corporation

 

$

21,216

 

$

13,975

 

Common Control

 

Jinmen Shanzhiwei Chuqin Livestock Professional Cooperative

 

$

359,560

 

-

 

Common Control

 

Hubei Chenyuhui Retail Store

 

$

89,297

 

$

45,892

 

Common Control

 

Jinmen Yutai Agricultural Technology Corporation

 

$

40,866

 

$

28,881

 

Common Control

 

Hua Zhang

 

$

18,741,148

 

$

16,868,121

 

Chief Executive Officer

 

Zhangzhi Yu

 

$

7,007

 

-

 

Vice Manager

 

Xuebing Ma

 

$

219,131

 

$

73,270

 

Relative to CEO

 

Total

 

$

19,589,346

 

$

17,034,755