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Related Party Transaction | 12 Months Ended
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Dec. 31, 2019
Related Party Transactions [Abstract] |
RELATED PARTY TRANSACTION | 6. RELATED PARTY TRANSACTION As of December 31, 2019, the amount due to the related parties was $1.27 million, which consisted of the followings:
Name of Related Party from Whom Amounts were Received |  | Amount (US$) |  |  | Relationship |  | Note
Yongke Xue |  |  | 28,539 |  |  | Chairman of the Company |  | Loan payable
Shanchun Huang |  |  | 71,672 |  |  | Chief Executive Officer of the Company |  | Loan payable
Shenzhen TianShunDa Equity Investment Fund Management Co., Ltd., |  |  | 573,142 |  |  | Holds 26.36% of equity shares of SkyPeople China |  | Interest free loan*
InUnion Chain Ltd. ("INU") |  |  | 209,957 |  |  | The Company is the 10% equity shareholder of INU |  | Accounts payables
Zhi Yan |  |  | 40,710 |  |  | Chief Technology Officer of the Company |  | Loan payable
Jing chen |  |  | 6,527 |  |  | Chief Financial Officer of the Company |  | Payable to employee
Zeyao Xue |  |  | 310,746 |  |  | Son of the Chairman of the Company and a shareholder of the Company Chief Operating Officer of the Company |  | Loan payable
Kai Xu |  |  | 26,808 |  |  | Chief Operating Officer of the Company |  | Payable to employee
As of December 31, 2019, the amount due from the related parties was $3.40 million, which consisted of the followings:
Name of Related Party to Whom the Amounts were Paid |  | Amount (US$) |  |  | Relationship |  | Note
Shaanxi Chunlv Ecological Agriculture Co. Ltd. |  |  | 3,356,070 |  |  | Holds 20.0% interest in CCM logistics |  | Interest free loan*
Quangoutong Commercial Holdings (Xi'an) Co., Ltd ("Quangoutong") |  |  | 22,935 |  |  | Shaanxi Fullmart Convenient Chain Supermarket Co., Ltd. ("Fullmart") holds 16.67% equity of its subsidiary. The subsidiary is 83.33% owned by Quangoutong |  | Service fee due
Shaanxi Quangou Convenient Island Co. Ltd. |  |  | 23,828 |  |  | Fullmart holds 33.33% its equity |  | Interest free loan*
● | The interest free loans have been approved by the Company's Audit Committee.
In fiscal year 2019, the Company purchased health insurance of $209,958 from InUnion Chain Ltd ("INU"), and the Company is the 10% equity shareholder of INU. The Company's subsidiary sold fruit beverages to a related entity, Shaanxi Fullmart Convenient Chain Supermarket Co., Ltd. ("Fullmart") for approximately $8,810 for the year ended December 31, 2018. The sales to this related party were consistent with pricing and terms offered to third parties. The remaining accounts receivable balances were $0 as of December 31, 2018. Fullmart is a company indirectly owned by our Chairman and CEO, Mr. Yongke Xue.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
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