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3. Concentration of Credit Risk
3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Concentration of Credit Risk

NOte 3 - concentration of credit risk

 

We maintain our cash balance in several banks in China and United States. The consolidated cash balances as of March 31, 2019 and December 31, 2018 were $37,447 and $50,397, respectively. The cash balances in China as of March 31, 2019 and December 31, 2018 were $21,255 and $41,831, respectively. In China, a depositor has up to RMB 500,000 insured by the People’s Bank of China Financial Stability Bureau (“FSD”) which were within the insured limit. The cash balances in our US account as of March 31, 2019 and December 31, 2018 were $16,192 and $8,566, respectively, which were within federal insured limit of $250,000.