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RZZN Jialijia

Document And Entity Information

Document And Entity Information - shares3 Months Ended
Mar. 31, 2021Sep. 13, 2021
Document Information Line Items
Entity Registrant NameJialijia Group Corp Ltd
Document Type10-Q
Current Fiscal Year End Date--12-31
Entity Common Stock, Shares Outstanding4,858,784
Amendment Flagfalse
Entity Central Index Key0001659559
Entity Current Reporting StatusYes
Entity Filer CategoryNon-accelerated Filer
Document Period End DateMar. 31,
2021
Document Fiscal Year Focus2021
Document Fiscal Period FocusQ1
Entity Small Businesstrue
Entity Emerging Growth Companyfalse
Entity Shell Companytrue
Entity File Number333-209900
Entity Incorporation, State or Country CodeNV
Entity Interactive Data CurrentYes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)Mar. 31, 2021Dec. 31, 2020
Current Assets
Cash and cash equivalents $ 13,880 $ 13,933
Prepaid expenses and other current assets2,930 2,943
Total Current Assets16,810 16,876
Property, plant, and equipment, net
Total Assets16,810 16,876
Current Liabilities
Accrued expenses116,720 108,903
Due to related parties3,232,954 3,235,771
Other current liabilities2,839 2,852
Total Current Liabilities3,352,513 3,347,526
Total Liabilities3,352,513 3,347,526
Equity (Deficit)
Common stock, $.001 par value, 1,000,000,000 shares authorized, 647,705 shares issued and outstanding as of March 31, 2021 and December 31, 2020647 647
Additional paid in capital2,609,532 2,609,532
Treasury stock(120,000)(120,000)
Accumulated deficit(4,891,818)(4,875,603)
Accumulated other comprehensive loss(104,226)(112,951)
Total Stockholders’ Deficit(2,505,865)(2,498,375)
Noncontrolling interests(829,838)(832,275)
Total Deficit(3,335,703)(3,330,650)
Total Liabilities and Deficit $ 16,810 $ 16,876

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / sharesMar. 31, 2021Dec. 31, 2020
Statement of Financial Position [Abstract]
Common stock, par value (in Dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized1,000,000,000 1,000,000,000
Common stock, shares issued647,705 647,705
Common stock, shares outstanding647,705 647,705

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Income Statement [Abstract]
Net revenue
Cost of revenue
Gross profit
General and administrative expenses17,194 13,119
Total operating expense17,194 13,119
Loss from operations(17,194)(13,119)
Provision for income tax
Net loss(17,194)(13,119)
Net loss attributable to noncontrolling interest(979)(702)
Net loss attributable to the Jialijia Group Corporation Ltd.(16,215)(12,417)
Net loss(17,194)(13,119)
Other comprehensive income (loss):
Foreign currency translation gain12,141 55,516
Comprehensive (loss) income(5,053)42,397
Comprehensive income attributable to noncontrolling interest2,437 14,288
Comprehensive (loss) income attributable to Jialijia Group Corporation Ltd. $ (7,490) $ 28,109
Net Loss Per Common Share:
Net loss per common share - basic and diluted (in Dollars per share) $ (0.03) $ (0.02)
Basic and diluted (in Shares)647,705 635,296

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity (Deficit) (Unaudited) - USD ($)Common StockAdditional Paid-in CapitalSubscriptions ReceivableTreasury StockAccumulated DeficitAccumulated Other Comprehensive LossNon- controlling interestTotal
Balance at Dec. 31, 2019 $ 635 $ 2,602,099 $ (7,821) $ (120,000) $ (4,806,088) $ 19,615 $ (777,210) $ (3,088,770)
Balance (in Shares) at Dec. 31, 2019635,296
Foreign currency translation 40,526 14,990 55,516
Net loss (12,417) (702)(13,119)
Balance at Mar. 31, 2020 $ 635 2,602,099 (7,821)(120,000)(4,818,505)60,141 (762,922)(3,046,373)
Balance (in Shares) at Mar. 31, 2020635,296
Balance at Dec. 31, 2020 $ 647 2,609,532 (120,000)(4,875,603)(112,951)(832,275)(3,330,650)
Balance (in Shares) at Dec. 31, 2020647,705
Foreign currency translation 8,725 3,416 12,141
Net loss (16,215) (979)(17,194)
Balance at Mar. 31, 2021 $ 647 $ 2,609,532 $ (120,000) $ (4,891,818) $ (104,226) $ (829,838) $ (3,335,703)
Balance (in Shares) at Mar. 31, 2021647,705

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss $ (17,194) $ (13,119)
Adjustments to reconcile net loss to net cash provided by operating activities:
Accrued expenses and other current liabilities8,092 9,775
Net cash used in operating activities(9,102)(3,344)
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from loans from related parties9,105 4,712
Net cash provided by financing activities9,105 4,712
EFFECT OF EXCHANGE RATE CHANGE ON CASH AND CASH EQUIVALENTS(56)(30)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS(53)1,338
CASH AND CASH EQUIVALENTS, BEGINNING BALANCE13,933 395
CASH AND CASH EQUIVALENTS, ENDING BALANCE13,880 1,733
SUPPLEMENTAL DISCLOSURES:
Income tax paid
Interest paid

Organization and Business

Organization and Business3 Months Ended
Mar. 31, 2021
Organization and Business [Abstract]
Organization and BusinessNote
1. Organization and Business Jialijia
Group Corporation Limited (the “Company”), formerly known as Rizzen, Inc., was incorporated as a corporation under the laws
of the State of Nevada on October 21, 2015. On
July 10, 2019, the Company entered into a share purchase/exchange agreement (the “Exchange Agreement”) with Jialijia Zhongtai
Chunfeng Group Co., Limited (“Jialijia Zhongtai Chunfeng”, formerly Huazhongyun Group Co., Limited), a company incorporated
under the laws of Hong Kong, and Na Jin, the sole shareholder of Jialijia Zhongtai Chunfeng (the “Shareholder”) and the Chief
Executive Officer of the Company. Jialijia Zhongtai Chunfeng owned 300,000 shares (the “Company Shares”) of the Company,
which represented approximately 82% of the shares of the Company’s common stock, issued and outstanding, at the time of execution
of the Exchange Agreement. The Shareholder owned an aggregate of 10,000 ordinary shares of Jialijia Zhongtai Chunfeng (“Jialijia
Zhongtai Chunfeng Shares”), which constituted all of the issued and outstanding shares of Jialijia Zhongtai Chunfeng. Pursuant
to the Exchange Agreement, among other matters, the Shareholder sold and transferred the Jialijia Zhongtai Chunfeng Shares in exchange
for all of the Company Shares. As a result, the Shareholder directly owned the Company Shares, which represented approximately 82% of
the issued and outstanding shares of the Company’s common stock at the time of execution of the Exchange Agreement and Jialijia
Zhongtai Chunfeng became a wholly-owned subsidiary of the Company. Dajiwanqi
Holding (Changzhou) Co., Ltd. (“Dajiwanqi (Changzhou)”, formerly Jialijia Jixiang Investment (Changzhou) Co., Ltd.) is a
company incorporated under the laws of the People’s Republic of China (the “PRC”) on June 13, 2017. Jialijia Zhongtai
Chunfeng owned all of the equity interests in Dajiwanqi (Changzhou) (“WFOE”), a wholly-foreign owned entity formed under
the laws of PRC. Rucheng Wenchuan Gas Co., Ltd. (“Rucheng Wenchuan”) was incorporated under the laws of the PRC on March
30, 2006. On
January 7, 2019, Dajiwanqi (Changzhou) entered into an equity transfer agreement (the “Equity Transfer”) with Mr. Jiannan
Wu, the shareholder who owned 94.77% of Rucheng Wenchuan’s outstanding shares. Pursuant to the Equity Transfer, Mr. Jiannan Wu
agreed to transfer 70% of his ownership of Rucheng Wenchuan to Dajiwanqi (Changzhou), in exchange of RMB 1,000,000 and 143,000 common
shares of the Company owned by Jialijia Zhongtai Chunfeng. Immediately after the equity transfer agreement, Dajiwanqi (Changzhou) owns
70% of the ownership and becomes the controlling shareholder of Rucheng Wenchuan. Both Jialijia Zhongtai Chunfeng and Dajiwanqi (Changzhou)
are holding companies and have not carried out substantive business operations of their own. Rucheng Wenchuan is primarily engaged in
the production and sale of gases for industrial and medical purposes, such as oxygen and nitrogen, in the PRC. Pursuant
to the Exchange Agreement, on August 29, 2019 (the “Closing Date”), Na Jin sold and transferred the Jialijia Zhongtai Chunfeng
Shares to the Company in exchange for all of the Company Shares and the Company received all of the outstanding Jialijia Zhongtai Chunfeng
Shares. As a result, on the Closing Date, Na Jin directly owned Company Shares representing approximately 48% of the issued and outstanding
shares of the Company’s common stock, Jialijia Zhongtai Chunfeng became a wholly-owned subsidiary of the Company and the Company
owned 70% of the outstanding equity interest in Rucheng Wenchuan through Jialijia Zhongtai Chunfeng and WFOE. The
acquisition of Jialijia Zhongtai Chunfeng and WFOE was treated as a reverse merger (the “Reverse Merger”) for accounting
purposes. As a result of the consummation of the Reverse Merger on August 29, 2019, the Company, through its subsidiaries, entered into
the business of producing and selling gases for industrial and medical purposes, such as oxygen and nitrogen, in the PRC. The Company
has not commenced its gas production or generated any revenues. On
August 7, 2020, Jialijia Jixiang Investment (Changzhou) Co., Ltd. changed its name to Dajiwanqi Holding (Changzhou) Co., Ltd. On
August 28, 2020, Huazhongyun Group Co., Limited changed its name to Calico Darji Group Holdings Co., Limited and then to Jialijia Zhongtai
Chunfeng Group Co., Limited on June 1, 2021. On
December 26, 2020, Jialijia Zhongtai Chunfeng entered into a share exchange agreement with Shenzhen Lintai Biotechnology Co., Limited
(“Shenzhen Lintai”), a company incorporated under the laws of PRC; pursuant to which Jialijia Zhongtai Chunfeng agreed to
exchange 26% of the Company’s common stock held by Jialijia Zhongtai Chunfeng for 100% of the equity interest of Shenzhen Lintai.
As of March 31, 2021, this share exchange agreement has not been closed due to the required governmental procedures and documents necessary
to consider the share exchange completed have not been completed and obtained by the Company. On
March 5, 2021, Jialijia Zhongtai Chunfeng formed a wholly-owned subsidiary, Zhongtai Chunfeng Wanqi (Chengdu) Industrial Group Co., Limited,
under the laws of the PRC.

Basis of Presentation

Basis of Presentation3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Basis of PresentationNote 2.
Basis of Presentation The
accompanying unaudited interim consolidated financial statements and information have been prepared in accordance with accounting principles
generally accepted in the United States and in accordance with the SEC's regulations for interim financial information and with the instructions
for Form 10-Q. Accordingly, they do not include all of the information and disclosures required by accounting principles generally accepted
in the United States for complete financial statements. In the opinion of management, these financial statements contain all normal and
recurring adjustments considered necessary to present fairly the Company's financial position, results of operations, comprehensive income,
cash flows, and stockholders’ equity for the periods presented. The results for the three months ended March 31, 2021 are not necessarily
indicative of the results to be expected for the full year. These
unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements
and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange
Commission.

Going Concern

Going Concern3 Months Ended
Mar. 31, 2021
Going Concern [Abstract]
Going ConcernNote
3. Going Concern These
consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement
of liabilities and commitments in the normal course of business. As reflected in the Company’s accompanying consolidated financial
statements, for the three months ended March 31, 2021, the Company had a net loss of $17,194. Additionally, the Company had an accumulated
deficit of $4,891,818 and working capital deficit of $3,335,703 as of March 31, 2021, and has not yet generated revenues. 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. The Company can give no assurances that any additional capital that it is able to obtain, if any, will be sufficient
to meet its needs. If
the Company is unable to successfully commence its business operations in a short period of time, or unable to raise additional capital
or secure additional lending, the Company may need to curtail or cease its operations. The Company believes that these matters raise
substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements
do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities
that might be necessary should the Company be unable 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 plans to obtain
such resources for the Company include obtaining capital from the sale of its equity, and short-term and long-term borrowings from banks,
stockholders or other related party(ies). However, management cannot provide any assurance that the Company will be successful in
accomplishing any of its plans.

Summary of Significant Accounti

Summary of Significant Accounting Policies3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting PoliciesNote
4. Summary of Significant Accounting Policies Basis
of Accounting The
financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States
of America (“GAAP”). Principles
of consolidation The
consolidated financial statements include the financial statements of Jialijia Group Corporation Limited, Jialijia Zhongtai Chunfeng,
Dajiwanqi (Changzhou) and its 70% owned subsidiary, Rucheng Wenchuan Gas Co., Ltd., and Zhongtai Chunfeng Wanqi (Chengdu), All inter-company
transactions and balances are eliminated in consolidation. Use
of Estimates The
preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 and the amount of revenues and expenses during the reporting periods.
Management makes these estimates using the best information available at the time the estimates are made. However, actual results could
differ materially from those results. Cash
and Cash Equivalents The
Company considers all cash on hand and in banks, certificates of deposit with banks and other highly-liquid investments with maturities
of three months or less, when purchased, to be cash and cash equivalents. There is no insurance securing these deposits in the PRC. The
Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts. Property
and Equipment Property
and equipment are recorded at cost less accumulated depreciation. Gains or losses on disposals are reflected as gain or loss in the period
of disposal. All ordinary repair and maintenance costs are expensed as incurred. Depreciation
for financial reporting purposes is provided using the straight-line method over the estimated useful lives of the assets:
Estimated
Buildings 20 years
Machinery and equipment 10 years
Office equipment 5 years
Vehicles 5 years Costs
incurred in constructing new facilities, including progress payments and other costs related to construction, are capitalized and transferred
to property, plant and equipment on completion, at which time depreciation commences. Impairment
of Long-lived Assets The
Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an
asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of
the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds
the fair value. Assets
are grouped and evaluated at the lowest level for their identifiable cash flows that are largely independent of the cash flows of other
groups of assets. The Company considers historical performance and future estimated results in its evaluation of potential impairment
and then compares the carrying amount of the asset to the future estimated cash flows expected to result from the use of the asset. If
the carrying amount of the asset exceeds estimated expected undiscounted future cash flows, the Company measures the amount of impairment
by comparing the carrying amount of the asset to its fair value. The estimation of fair value is generally measured by discounting expected
future cash flows as the rate the Company utilizes to evaluate potential investments. The Company estimates fair value based on the information
available, judgments and projections are considered necessary. No impairment loss was recorded for the three months ended March 31, 2021
and 2020, respectively. Impairment
of Goodwill Goodwill
represents the excess of the purchase price over the fair value of net assets acquired in business combinations under the purchase method
of accounting. Goodwill is assessed for impairment annually or if an event occurs or circumstances change that would indicate the carrying
amount may be impaired. The impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the
fair value of the asset. No impairment of goodwill was recorded for the three months ended March 31, 2021 and 2020, respectively. Income
Taxes The
Company accounts for income taxes using an asset and liability approach which allows for the recognition and measurement of deferred
tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred
taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more
likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is
uncertain. Under
ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained
in a tax examination, with a tax examination being presumed to occur. The evaluation of a tax position is a two-step process. The first
step is to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including the resolution
of any related appeals or litigations based on the technical merits of that position. The second step is to measure a tax position that
meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position
is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Tax positions
that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in
which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized
in the first subsequent financial reporting period in which the threshold is no longer met. Penalties and interest incurred related to
underpayment of income tax are classified as income tax expense in the year incurred. Foreign
Currency Translation The
Company uses the United States dollar (“U.S. dollars”) for financial reporting purposes. The functional currency of the Company
and its subsidiaries is the Chinese Yuan or Renminbi (“RMB”). The Company’s subsidiaries maintain their books and records
in their functional currency, being the primary currency of the economic environment in which their operations are conducted. For the
Company and its subsidiaries whose functional currencies are other than the U.S. dollar, all asset and liability accounts were translated
at the exchange rate on the balance sheet date; stockholders’ equity is translated at the historical rates and items in the income
statement and cash flow statements are translated at the average rate in each applicable period. Translation adjustments resulting from
this process are included in accumulated other comprehensive income in the statement of shareholders’ equity. The resulting translation
gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency
are included in the results of operations as incurred. Fair
Values of Financial Instruments ASC
820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the
principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement
date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize
the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level
1 – quoted prices in active markets for identical assets or liabilities. Level
2 – quoted prices for similar assets and liabilities in active markets or inputs that are observable Level
3 – inputs that are unobservable The
Company’s financial instruments primarily consist of cash and cash equivalents, other receivables, advances to suppliers, accrued
expenses, other payables, and related party borrowings. As of the balance sheet dates, the estimated fair values of the financial instruments
were not materially different from their carrying values as presented on the balance sheets. This is attributed to the short maturities
of the instruments and that interest rates on the borrowings approximate those that would have been available for loans of similar remaining
maturity and risk profile at respective balance sheet dates. Recent
Accounting Pronouncements Management
has considered all recent accounting pronouncements issued and their potential effect on the consolidated financial statements. The Company’s
management believes that these recent pronouncements will not have a material effect on its consolidated financial statements.

Property, Plant, and Equipment,

Property, Plant, and Equipment, Net3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant, and Equipment, NetNote
5. Property, Plant, and Equipment, Net Property,
plant, and equipment consisted of the following:
March 31, 2021 December 31, 2020
Machinery and equipment $ 1,682,822 $ 1,689,734
Buildings 33,465 33,602
1,716,287 1,723,336
Less: Accumulated depreciation (1,249,507 ) (1,254,639 )
Less: Accumulated impairment (466,780 ) (468,697 )
Property, plant, and equipment, net $ - $ - Depreciation
expense for the three months ended March 31, 2021 and 2020 were $0 and $0, respectively.

Accrued Expenses

Accrued Expenses3 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]
Accrued ExpensesNote
6. Accrued Expenses Accrued
expenses consist of the following:
March 31, December 31,
2021 2020
Accrued local taxes $ 57,248 $ 54,248
Accrued professional fees 57,572 54,471
Payroll and others 1,900 184
$ 116,720 $ 108,903

Income Tax

Income Tax3 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income TaxNote
7. Income Tax United
States The
Company was incorporated in the United States of America and is subject to United States federal taxation. No provisions for income taxes
have been made, as there was no taxable income from U.S. operations for the three months ended March 31, 2021 and 2020. The U.S. Tax
Cuts and Jobs Act (the “Act”) was enacted on December 22, 2017. Effective in 2018, the Tax Act reduces the U.S. statutory
tax rate from 35% to 21%. PRC The
PRC Enterprise Income Tax Law, EIT Law, and Implementing Rules impose a unified enterprise income tax rate of 25% on all domestic-invested
enterprises and foreign investment enterprises in PRC, unless they qualify under certain limited exceptions. As such, the Company’s
subsidiaries in PRC are subject to an enterprise income tax rate of 25%. The Company had recorded no income tax provisions for the three
months ended March 31, 2021 and 2020. Provision
for income tax expense (benefit) consists of the following:
For
the Three Months Ended
2021 2020
Current
USA $ - $ -
China - -
Deferred
USA - -
China - -
Total provision for income
tax expense (benefit) $ - $ - The
following is a reconciliation of the statutory tax rate to the effective tax rate:
For
the Three Months Ended
2021 2020
U.S.
statutory tax benefit (21.0 )% (21.0 )%
Change
in deferred tax asset valuation allowance 21.0 % 21.0 %
PRC statutory
tax benefit (25.0 )% (25.0 )%
Change
in deferred tax asset valuation allowance 25.0 % 25.0 %
Effective
income tax rate 0.0 % 0.0 % The
Company periodically evaluates the likelihood of the realization of deferred tax assets, and adjusts the carrying amount of the deferred
tax assets by the valuation allowance to the extent that the future realization of the deferred tax assets is not judged to be more likely
than not. The Company considers many factors when assessing the likelihood of future realization of its deferred tax assets, including
its recent cumulative earnings experience by taxing jurisdiction, expectations of future taxable income or loss, the carryforward periods
available to the Company for tax reporting purposes, and other relevant factors. As
of March 31, 2021 and December 31, 2020, based on the weight of available evidence, including cumulative losses in recent years and expectations
of future taxable income, the Company determined that it was more likely than not that its deferred tax assets would not be realized
and have a 100% valuation allowance associated with its deferred tax assets.

Related Party Transactions and

Related Party Transactions and Balances3 Months Ended
Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions and BalancesNote
8. Related Party Transactions and Balances The
related parties of the company with whom transactions are reported in these consolidated financial statements are as follows:
Name of entity or Individual Relationship with the Company
Shenzhen Wenchuan Gas Co.,
Ltd. Mr. Jiannan Wu is the legal
representative and president of this entity
Rucheng County Minhang
Special Gas Co., Ltd Mr. Jiannan Wu is the legal
representative and president of this entity
Jiannan Wu Major shareholder of Rucheng
Wenchuan
Dongzhi Zhang Chairman of the Board
Na Jin Shareholder, director,
Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) Due
to related parties:
March 31, December 31,
2021 2020
Shenzhen Wenchuan Gas Co., Ltd. $ 2,599,864 $ 2,610,542
Dongzhi Zhang 441,681 433,034
Rucheng County Minhang Special Gas Co., Ltd. 52,921 53,138
Na Jin 121,393 121,892
Jiannan Wu 17,095 17,165
$ 3,232,954 $ 3,235,771 Due
to related parties were advances from its related parties for the Company’s purchase of equipment and daily operating expenses.
The balances are unsecured, non-interest bearing, and payable on demand.

Equity

Equity3 Months Ended
Mar. 31, 2021
Stockholders' Equity Note [Abstract]
EquityNote
9. Equity The
Company has authorized 1,000,000,000 shares of Common Stock at par value of $0.001. On
May 28, 2020, by unanimous written consent in lieu of a meeting, the Board adopted resolutions authorizing a one (1)-for-twenty (20)
reverse stock split and on June 24, 2020 filed Articles of Amendment to effect the reverse stock split with the Secretary of State of
the State of Nevada. The reverse stock split becomes effective on June 19, 2020. All share and earnings per share information has been
retroactively adjusted to reflect the reverse stock split. On
June 30, 2020, the Company entered into stock subscription agreements with 7 individuals, pursuant to which the Company agreed to issue
an aggregate of 12,409 shares of the Company’s common stock for the purchase price of $0.6 per share. These shares were issued
on June 30, 2020. As
of March 31, 2021, Jialijia Zhongtai Chunfeng owned 300,000 shares of the Company. These shares have been reclassified and recorded as
treasury stock at the cost of $0.4 per share, as a result of the Reverse Merger.

Subsequent Events

Subsequent Events3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent EventsNote
10. Subsequent Events In
April and May 2021, the Company entered into stock subscription agreements with 200 individuals, pursuant to which the Company agreed
to issue an aggregate of 2,278,373 shares of the Company’s common stock for the purchase price of $0.04 per share. In addition,
the Company entered into stock subscription agreements with 10 individuals, pursuant to which the Company agreed to issue an aggregate
of 1,932,706 shares of the Company’s common stock for the purchase price of $0.03 per share, of which 1,847,656 shares were subscribed
by Dongzhi Zhang, the Company’s Chairman of the Board. All of these shares were issued in July 2021. The
Company has evaluated subsequent events through the date which the consolidated financial statements were available to be issued and
determined that no subsequent events require disclosure in accordance with FsASB ASC Topic 855, “Subsequent Events.”

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Basis of AccountingBasis
of Accounting The
financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States
of America (“GAAP”).
Principles of consolidationPrinciples
of consolidation The
consolidated financial statements include the financial statements of Jialijia Group Corporation Limited, Jialijia Zhongtai Chunfeng,
Dajiwanqi (Changzhou) and its 70% owned subsidiary, Rucheng Wenchuan Gas Co., Ltd., and Zhongtai Chunfeng Wanqi (Chengdu), All inter-company
transactions and balances are eliminated in consolidation.
Use of EstimatesUse
of Estimates The
preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 and the amount of revenues and expenses during the reporting periods.
Management makes these estimates using the best information available at the time the estimates are made. However, actual results could
differ materially from those results.
Cash and Cash EquivalentsCash
and Cash Equivalents The
Company considers all cash on hand and in banks, certificates of deposit with banks and other highly-liquid investments with maturities
of three months or less, when purchased, to be cash and cash equivalents. There is no insurance securing these deposits in the PRC. The
Company has not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts.
Property and EquipmentProperty
and Equipment Property
and equipment are recorded at cost less accumulated depreciation. Gains or losses on disposals are reflected as gain or loss in the period
of disposal. All ordinary repair and maintenance costs are expensed as incurred. Depreciation
for financial reporting purposes is provided using the straight-line method over the estimated useful lives of the assets:
Estimated
Buildings 20 years
Machinery and equipment 10 years
Office equipment 5 years
Vehicles 5 years Costs
incurred in constructing new facilities, including progress payments and other costs related to construction, are capitalized and transferred
to property, plant and equipment on completion, at which time depreciation commences.
Impairment of Long-lived AssetsImpairment
of Long-lived Assets The
Company evaluates long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an
asset may not be recoverable through the estimated undiscounted cash flows expected to result from the use and eventual disposition of
the assets. Whenever any such impairment exists, an impairment loss will be recognized for the amount by which the carrying value exceeds
the fair value. Assets
are grouped and evaluated at the lowest level for their identifiable cash flows that are largely independent of the cash flows of other
groups of assets. The Company considers historical performance and future estimated results in its evaluation of potential impairment
and then compares the carrying amount of the asset to the future estimated cash flows expected to result from the use of the asset. If
the carrying amount of the asset exceeds estimated expected undiscounted future cash flows, the Company measures the amount of impairment
by comparing the carrying amount of the asset to its fair value. The estimation of fair value is generally measured by discounting expected
future cash flows as the rate the Company utilizes to evaluate potential investments. The Company estimates fair value based on the information
available, judgments and projections are considered necessary. No impairment loss was recorded for the three months ended March 31, 2021
and 2020, respectively.
Impairment of GoodwillImpairment
of Goodwill Goodwill
represents the excess of the purchase price over the fair value of net assets acquired in business combinations under the purchase method
of accounting. Goodwill is assessed for impairment annually or if an event occurs or circumstances change that would indicate the carrying
amount may be impaired. The impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds the
fair value of the asset. No impairment of goodwill was recorded for the three months ended March 31, 2021 and 2020, respectively.
Income TaxesIncome
Taxes The
Company accounts for income taxes using an asset and liability approach which allows for the recognition and measurement of deferred
tax assets based upon the likelihood of realization of tax benefits in future years. Under the asset and liability approach, deferred
taxes are provided for the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial
reporting purposes and the amounts used for income tax purposes. A valuation allowance is provided for deferred tax assets if it is more
likely than not these items will either expire before the Company is able to realize their benefits, or that future deductibility is
uncertain. Under
ASC 740, a tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained
in a tax examination, with a tax examination being presumed to occur. The evaluation of a tax position is a two-step process. The first
step is to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including the resolution
of any related appeals or litigations based on the technical merits of that position. The second step is to measure a tax position that
meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position
is measured at the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement. Tax positions
that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in
which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized
in the first subsequent financial reporting period in which the threshold is no longer met. Penalties and interest incurred related to
underpayment of income tax are classified as income tax expense in the year incurred.
Foreign Currency TranslationForeign
Currency Translation The
Company uses the United States dollar (“U.S. dollars”) for financial reporting purposes. The functional currency of the Company
and its subsidiaries is the Chinese Yuan or Renminbi (“RMB”). The Company’s subsidiaries maintain their books and records
in their functional currency, being the primary currency of the economic environment in which their operations are conducted. For the
Company and its subsidiaries whose functional currencies are other than the U.S. dollar, all asset and liability accounts were translated
at the exchange rate on the balance sheet date; stockholders’ equity is translated at the historical rates and items in the income
statement and cash flow statements are translated at the average rate in each applicable period. Translation adjustments resulting from
this process are included in accumulated other comprehensive income in the statement of shareholders’ equity. The resulting translation
gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency
are included in the results of operations as incurred.
Fair Values of Financial InstrumentsFair
Values of Financial Instruments ASC
820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the
principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement
date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize
the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: Level
1 – quoted prices in active markets for identical assets or liabilities. Level
2 – quoted prices for similar assets and liabilities in active markets or inputs that are observable Level
3 – inputs that are unobservable The
Company’s financial instruments primarily consist of cash and cash equivalents, other receivables, advances to suppliers, accrued
expenses, other payables, and related party borrowings. As of the balance sheet dates, the estimated fair values of the financial instruments
were not materially different from their carrying values as presented on the balance sheets. This is attributed to the short maturities
of the instruments and that interest rates on the borrowings approximate those that would have been available for loans of similar remaining
maturity and risk profile at respective balance sheet dates.
Recent Accounting PronouncementsRecent
Accounting Pronouncements Management
has considered all recent accounting pronouncements issued and their potential effect on the consolidated financial statements. The Company’s
management believes that these recent pronouncements will not have a material effect on its consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]
Schedule of estimated useful livesEstimated
Buildings 20 years
Machinery and equipment 10 years
Office equipment 5 years
Vehicles 5 years

Property, Plant, and Equipmen_2

Property, Plant, and Equipment, Net (Tables)3 Months Ended
Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of property, plant, and equipmentMarch 31, 2021 December 31, 2020
Machinery and equipment $ 1,682,822 $ 1,689,734
Buildings 33,465 33,602
1,716,287 1,723,336
Less: Accumulated depreciation (1,249,507 ) (1,254,639 )
Less: Accumulated impairment (466,780 ) (468,697 )
Property, plant, and equipment, net $ - $ -

Accrued Expenses (Tables)

Accrued Expenses (Tables)3 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]
Schedule of accrued expensesMarch 31, December 31,
2021 2020
Accrued local taxes $ 57,248 $ 54,248
Accrued professional fees 57,572 54,471
Payroll and others 1,900 184
$ 116,720 $ 108,903

Income Tax (Tables)

Income Tax (Tables)3 Months Ended
Mar. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of provision for income tax expense (benefit)For
the Three Months Ended
2021 2020
Current
USA $ - $ -
China - -
Deferred
USA - -
China - -
Total provision for income
tax expense (benefit) $ - $ -
Schedule of statutory tax rate to the effective tax rateFor
the Three Months Ended
2021 2020
U.S.
statutory tax benefit (21.0 )% (21.0 )%
Change
in deferred tax asset valuation allowance 21.0 % 21.0 %
PRC statutory
tax benefit (25.0 )% (25.0 )%
Change
in deferred tax asset valuation allowance 25.0 % 25.0 %
Effective
income tax rate 0.0 % 0.0 %

Related Party Transactions an_2

Related Party Transactions and Balances (Tables)3 Months Ended
Mar. 31, 2021
Related Party Transactions [Abstract]
Schedule of related partiesName of entity or Individual Relationship with the Company
Shenzhen Wenchuan Gas Co.,
Ltd. Mr. Jiannan Wu is the legal
representative and president of this entity
Rucheng County Minhang
Special Gas Co., Ltd Mr. Jiannan Wu is the legal
representative and president of this entity
Jiannan Wu Major shareholder of Rucheng
Wenchuan
Dongzhi Zhang Chairman of the Board
Na Jin Shareholder, director,
Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”)
Schedule of due to related partiesMarch 31, December 31,
2021 2020
Shenzhen Wenchuan Gas Co., Ltd. $ 2,599,864 $ 2,610,542
Dongzhi Zhang 441,681 433,034
Rucheng County Minhang Special Gas Co., Ltd. 52,921 53,138
Na Jin 121,393 121,892
Jiannan Wu 17,095 17,165
$ 3,232,954 $ 3,235,771

Organization and Business (Deta

Organization and Business (Details) - CNY (¥)Jul. 10, 2019Jan. 07, 2019Dec. 26, 2020Aug. 29, 2019Mar. 31, 2021
Jialijia Zhongtai Chunfeng [Member]
Organization and Business (Details) [Line Items]
Shares owned (in Shares)300,000
Jialijia Zhongtai Chunfeng [Member] | Exchange Agreement [Member]
Organization and Business (Details) [Line Items]
Issued and outstanding shares percentage82.00%82.00%
Aggregate of ordinary shares (in Shares)10,000
Ownership percentage100.00%70.00%
Agreed to exchange percentage26.00%
Mr. Jiannan Wu [Member] | Equity Transfer [Member]
Organization and Business (Details) [Line Items]
Ownership percentage94.77%
Na Jin [Member] | Exchange Agreement [Member]
Organization and Business (Details) [Line Items]
Issued and outstanding shares percentage48.00%
Ownership percentage70.00%
Rucheng Wenchuan's [Member] | Exchange Agreement [Member]
Organization and Business (Details) [Line Items]
Shares owned (in Shares)143,000
Dajiwanqi (Changzhou) [Member] | Exchange Agreement [Member]
Organization and Business (Details) [Line Items]
Ownership percentage70.00%
RMB [Member] | Rucheng Wenchuan's [Member] | Exchange Agreement [Member]
Organization and Business (Details) [Line Items]
Exchange common shares (in Yuan Renminbi) ¥ 1,000,000

Going Concern (Details)

Going Concern (Details)3 Months Ended
Mar. 31, 2021USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss $ 17,194
Accumulated deficit4,891,818
Working capital deficit $ 3,335,703

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)3 Months Ended
Mar. 31, 2021
Summary of Significant Accounting Policies (Details) [Line Items]
Tax position rate50.00%
Rucheng Wenchuan Gas Co., Ltd [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Ownership, percentage70.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives3 Months Ended
Mar. 31, 2021
Buildings [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated Useful Life20 years
Machinery and equipment [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated Useful Life10 years
Office equipment [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated Useful Life5 years
Vehicles [Member]
Summary of Significant Accounting Policies (Details) - Schedule of estimated useful lives [Line Items]
Estimated Useful Life5 years

Property, Plant, and Equipmen_3

Property, Plant, and Equipment, Net (Details) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense $ 0 $ 0

Property, Plant, and Equipmen_4

Property, Plant, and Equipment, Net (Details) - Schedule of property, plant, and equipment - USD ($)Mar. 31, 2021Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross $ 1,716,287 $ 1,723,336
Less: Accumulated depreciation(1,249,507)(1,254,639)
Less: Accumulated impairment(466,780)(468,697)
Property, plant, and equipment, net
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross1,682,822 1,689,734
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant, and equipment, gross $ 33,465 $ 33,602

Accrued Expenses (Details) - Sc

Accrued Expenses (Details) - Schedule of accrued expenses - USD ($)Mar. 31, 2021Dec. 31, 2020
Schedule of accrued expenses [Abstract]
Accrued local taxes $ 57,248 $ 54,248
Accrued professional fees57,572 54,471
Payroll and others1,900 184
Total accrued expenses $ 116,720 $ 108,903

Income Tax (Details)

Income Tax (Details)1 Months Ended3 Months Ended12 Months Ended
Dec. 31, 2018Mar. 31, 2021Dec. 31, 2020
Income Tax (Details) [Line Items]
Income tax rate25.00%
Valuation allowance deferred tax assets, percentage100.00%100.00%
Maximum [Member]
Income Tax (Details) [Line Items]
U.S. statutory tax rate35.00%
Minimum [Member]
Income Tax (Details) [Line Items]
U.S. statutory tax rate21.00%
PRC [Member]
Income Tax (Details) [Line Items]
Income tax rate25.00%

Income Tax (Details) - Schedule

Income Tax (Details) - Schedule of provision for income tax expense (benefit) - USD ($)3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Current
USA
China
Deferred
USA
China
Total provision for income tax expense (benefit)

Income Tax (Details) - Schedu_2

Income Tax (Details) - Schedule of statutory tax rate to the effective tax rate3 Months Ended
Mar. 31, 2021Mar. 31, 2020
Schedule of statutory tax rate to the effective tax rate [Abstract]
U.S. statutory tax benefit(21.00%)(21.00%)
Change in deferred tax asset valuation allowance21.00%21.00%
PRC statutory tax benefit(25.00%)(25.00%)
Change in deferred tax asset valuation allowance25.00%25.00%
Effective income tax rate0.00%0.00%

Related Party Transactions an_3

Related Party Transactions and Balances (Details) - Schedule of related parties3 Months Ended
Mar. 31, 2021
Shenzhen Wenchuan Gas Co., Ltd. [Member]
Related Party Transaction [Line Items]
Relationship with the CompanyMr. Jiannan Wu is the legal representative and president of this entity
Rucheng County Minhang Special Gas Co., Ltd. [Member]
Related Party Transaction [Line Items]
Relationship with the CompanyMr. Jiannan Wu is the legal representative and president of this entity
Jiannan Wu [Member]
Related Party Transaction [Line Items]
Relationship with the CompanyMajor shareholder of Rucheng Wenchuan
Dongzhi Zhang [Member]
Related Party Transaction [Line Items]
Relationship with the CompanyChairman of the Board
Na Jin [Member]
Related Party Transaction [Line Items]
Relationship with the CompanyShareholder, director, Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO")

Related Party Transactions an_4

Related Party Transactions and Balances (Details) - Schedule of due to related parties - USD ($)Mar. 31, 2021Dec. 31, 2020
Related Party Transactions and Balances (Details) - Schedule of due to related parties [Line Items]
Due to related parties $ 3,232,954 $ 3,235,771
Shenzhen Wenchuan Gas Co., Ltd. [Member]
Related Party Transactions and Balances (Details) - Schedule of due to related parties [Line Items]
Due to related parties2,599,864 2,610,542
Dongzhi Zhang [Member]
Related Party Transactions and Balances (Details) - Schedule of due to related parties [Line Items]
Due to related parties441,681 433,034
Rucheng County Minhang Special Gas Co., Ltd. [Member]
Related Party Transactions and Balances (Details) - Schedule of due to related parties [Line Items]
Due to related parties52,921 53,138
Na Jin [Member]
Related Party Transactions and Balances (Details) - Schedule of due to related parties [Line Items]
Due to related parties121,393 121,892
Jiannan Wu [Member]
Related Party Transactions and Balances (Details) - Schedule of due to related parties [Line Items]
Due to related parties $ 17,095 $ 17,165

Equity (Details)

Equity (Details)1 Months Ended3 Months Ended
Jun. 30, 2020$ / sharessharesMay 28, 2020Mar. 31, 2021$ / sharessharesDec. 31, 2020$ / sharesshares
Equity (Details) [Line Items]
Common stock, shares authorized | shares1,000,000,000 1,000,000,000
Common stock, par value | $ / shares $ 0.001 $ 0.001
Reverse stock split, descriptionthe Board adopted resolutions authorizing a one (1)-for-twenty (20) reverse stock split and on June 24, 2020 filed Articles of Amendment to effect the reverse stock split with the Secretary of State of the State of Nevada. The reverse stock split becomes effective on June 19, 2020. All share and earnings per share information has been retroactively adjusted to reflect the reverse stock split.
Number of individuals7
Purchase of aggregate common stock | shares12,409
Common stock price, per share | $ / shares $ 0.6
Jialijia Zhongtai Chunfeng [Member]
Equity (Details) [Line Items]
Shares owned | shares300,000
Treasury stock | $ / shares $ 0.4

Subsequent Events (Details)

Subsequent Events (Details)3 Months Ended
Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent event, descriptionthe Company entered into stock subscription agreements with 200 individuals, pursuant to which the Company agreed to issue an aggregate of 2,278,373 shares of the Company’s common stock for the purchase price of $0.04 per share. In addition, the Company entered into stock subscription agreements with 10 individuals, pursuant to which the Company agreed to issue an aggregate of 1,932,706 shares of the Company’s common stock for the purchase price of $0.03 per share, of which 1,847,656 shares were subscribed by Dongzhi Zhang, the Company’s Chairman of the Board. All of these shares were issued in July 2021.