XML 114 R58.htm IDEA: XBRL DOCUMENT v3.21.1
Commitments and Contingencies (Details Narrative)
12 Months Ended
Sep. 16, 2020
USD ($)
Sep. 16, 2020
CNY (¥)
May 13, 2020
CNY (¥)
Nov. 21, 2019
USD ($)
Nov. 21, 2019
CNY (¥)
Sep. 11, 2019
USD ($)
Sep. 11, 2019
CNY (¥)
Aug. 22, 2018
USD ($)
Aug. 22, 2018
CNY (¥)
Oct. 21, 2014
USD ($)
Jul. 31, 2014
USD ($)
Jul. 31, 2014
CNY (¥)
Jul. 31, 2014
USD ($)
Mar. 19, 2014
USD ($)
Jul. 05, 2013
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2020
CNY (¥)
Mar. 12, 2020
USD ($)
Mar. 12, 2020
CNY (¥)
Dec. 31, 2018
USD ($)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
USD ($)
May 26, 2015
USD ($)
May 26, 2015
CNY (¥)
Oct. 21, 2014
CNY (¥)
Jul. 31, 2014
CNY (¥)
Jul. 04, 2014
USD ($)
Jul. 04, 2014
CNY (¥)
May 23, 2014
USD ($)
May 23, 2014
CNY (¥)
Apr. 21, 2014
USD ($)
Apr. 21, 2014
CNY (¥)
Mar. 19, 2014
CNY (¥)
Jul. 05, 2013
CNY (¥)
Repayment of loan default penalties | $ $ 1,700,000                                                                    
Bank of Chengdu [Member] | Chengdu Wetouch Technology Co., Ltd ("Chengdu Wetouch") [Member] | Guarantee to Debt Instrument Loan One [Member]                                                                      
Loan obtained during period | $                     $ 2,600,000   $ 2,600,000                                            
Debt instrument, description                         Sichuan Wetouch, Mr. Guangde Cai and his 60% controlled Xinjiang Wetouch and his 95% controlled Meishan Wetouch, as well as two unrelated individuals acting as counter guarantors for this loan.                                            
Deyang Bank Co., Ltd [Member] | Sichuan Wetouch Mr. Guangde Cai [Member] | Guarantee to Debt Instrument Loan Two [Member]                                                                      
Loan obtained during period | $                                                               $ 1,300,000      
Deyang Bank Co., Ltd [Member] | Sichuan Wetouch Mr. Guangde Cai [Member] | Guarantee to Debt Instrument Loan Three [Member]                                                                      
Loan obtained during period | $                                               $ 2,200,000                      
Sichuan Tianfu Bank Co.,Ltd [Member] | Sichuan Wetouch Mr. Guangde Cai [Member] | Guarantee to Debt Instrument Loan Four [Member]                                                                      
Loan obtained during period | $                                                       $ 2,300,000              
Agricultural Bank of China Co.,Ltd [Member] | Sichuan Wetouch Mr. Guangde Cai [Member] | Guarantee to Debt Instrument Loan Five [Member]                                                                      
Loan obtained during period | $                                                           $ 2,700,000          
Chengdu Bank Co, Ltd Gaoxin Branch [Member] | Sichuan Wetouch Mr. Guangde Cai [Member] | Guarantee to Debt Instrument Loan Six [Member]                                                                      
Loan obtained during period | $                           $ 2,200,000                                          
Sichuan Yitong Financing Guarantee Co.,Ltd [Member] | Sichuan Wetouch Mr. Guangde Cai [Member] | Guarantee to Debt Instrument Loan Seven [Member]                                                                      
Loan obtained during period | $                   $ 3,500,000                                                  
Debt instrument, description                   Sichuan Wetouch, Chengdu Wetouch, Mr.Guangde Cai and his 60% owned Xinjiang Wetouch, together with one unrelated guarantee company Sichuan Yitong Financing Guarantee Co., Ltd.                                                  
Repayment of loan during period | $           $ 1,500,000                                                          
RMB [Member]                                                                      
Repayment of loan default penalties   ¥ 11,800,000                                                                  
RMB [Member] | Xinjiang Wetouch [Member] | Guarantee to Debt Instrument Loan One [Member]                                                                      
Repayment of loan during period     ¥ 5,900,000                                                                
RMB [Member] | Bank of Chengdu [Member] | Chengdu Wetouch Technology Co., Ltd ("Chengdu Wetouch") [Member] | Guarantee to Debt Instrument Loan One [Member]                                                                      
Loan obtained during period                                                     ¥ 17,000,000                
RMB [Member] | Deyang Bank Co., Ltd [Member] | Sichuan Wetouch Mr. Guangde Cai [Member] | Guarantee to Debt Instrument Loan Two [Member]                                                                      
Loan obtained during period                                                                 ¥ 9,000,000    
RMB [Member] | Deyang Bank Co., Ltd [Member] | Sichuan Wetouch Mr. Guangde Cai [Member] | Guarantee to Debt Instrument Loan Three [Member]                                                                      
Loan obtained during period                                                 ¥ 15,000,000                    
RMB [Member] | Sichuan Tianfu Bank Co.,Ltd [Member] | Sichuan Wetouch Mr. Guangde Cai [Member] | Guarantee to Debt Instrument Loan Four [Member]                                                                      
Loan obtained during period                                                         ¥ 14,900,000            
RMB [Member] | Agricultural Bank of China Co.,Ltd [Member] | Sichuan Wetouch Mr. Guangde Cai [Member] | Guarantee to Debt Instrument Loan Five [Member]                                                                      
Loan obtained during period                                                             ¥ 17,300,000        
RMB [Member] | Chengdu Bank Co, Ltd Gaoxin Branch [Member] | Sichuan Wetouch Mr. Guangde Cai [Member] | Guarantee to Debt Instrument Loan Six [Member]                                                                      
Loan obtained during period                                                                   ¥ 15,000,000  
RMB [Member] | Sichuan Yitong Financing Guarantee Co.,Ltd [Member] | Sichuan Wetouch Mr. Guangde Cai [Member] | Guarantee to Debt Instrument Loan Seven [Member]                                                                      
Loan obtained during period                                                   ¥ 26,000,000                  
Repayment of loan during period             ¥ 10,500,000                                                        
Legal case with Chengdu SME Credit Guarantee Co., Ltd. [Member]                                                                      
Loan obtained during period | $                     8,900,000   $ 8,900,000                                            
Repayment of loan during period | $                     8,000,000                                                
Legal case with Chengdu SME Credit Guarantee Co., Ltd. [Member] | Related to 30% of Remaining Loan Repaid By Chengdu SME [Member]                                                                      
Loan, default penalty | $                     800,000   800,000           $ 800,000   $ 800,000                            
Legal case with Chengdu SME Credit Guarantee Co., Ltd. [Member] | Related to 70% of Remaining Loan Repaid By Chengdu SME [Member]                                                                      
Loan, default penalty | $                     $ 900,000   $ 900,000           $ 900,000   $ 900,000                            
Legal case with Chengdu SME Credit Guarantee Co., Ltd. [Member] | Bank of Chengdu [Member]                                                                      
Debt instrument, interest rate                             8.61%                                       8.61%
Legal case with Chengdu SME Credit Guarantee Co., Ltd. [Member] | RMB [Member]                                                                      
Loan obtained during period                                                     55,000,000                
Repayment of loan during period                       ¥ 5,000,000                                              
Debt instrument, maturity date                     Aug. 22, 2018 Aug. 22, 2018                                              
Legal case with Chengdu SME Credit Guarantee Co., Ltd. [Member] | RMB [Member] | Related to 30% of Remaining Loan Repaid By Chengdu SME [Member]                                                                      
Loan, default penalty                                       ¥ 5,800,000   ¥ 5,800,000         5,800,000                
Legal case with Chengdu SME Credit Guarantee Co., Ltd. [Member] | RMB [Member] | Related to 70% of Remaining Loan Repaid By Chengdu SME [Member]                                                                      
Loan, default penalty                                       ¥ 6,000,000   ¥ 6,000,000         ¥ 6,000,000                
Legal case with Chengdu SME Credit Guarantee Co., Ltd. [Member] | Chengdu SME Credit Guarantee Co., Ltd. [Member]                                                                      
Loan, default penalty | $                               $ 1,700,000             $ 1,700,000                        
Repayment of loan during period | $               $ 8,000,000                                                      
Repayment of loan default penalties | $ $ 1,700,000                                                                    
Legal case with Chengdu SME Credit Guarantee Co., Ltd. [Member] | Chengdu SME Credit Guarantee Co., Ltd. [Member] | Bank of Chengdu [Member]                                                                      
Loan obtained during period | $                             $ 9,800,000                                        
Debt instrument, description                             Chengdu SME Credit Guarantee Co., Ltd ("Chengdu SME"), a third party, provided a 70% guarantee and Bank of Chengdu retained 30% of the risk, while Chengdu Wetouch and Mr. Guangde Cai (related parties, see Note 4) provided joint and several liability guarantee for 100% of the loan.                                        
Legal case with Chengdu SME Credit Guarantee Co., Ltd. [Member] | Chengdu SME Credit Guarantee Co., Ltd. [Member] | RMB [Member]                                                                      
Loan, default penalty                                   ¥ 11,800,000                                  
Repayment of loan during period                 ¥ 55,000,000                                                    
Repayment of loan default penalties   ¥ 11,800,000                                                                  
Legal case with Chengdu SME Credit Guarantee Co., Ltd. [Member] | Chengdu SME Credit Guarantee Co., Ltd. [Member] | RMB [Member] | Bank of Chengdu [Member]                                                                      
Loan obtained during period                                                                     ¥ 60,000,000
Legal case with Sichuan Renshou Shigao Tianfu Investment Co., Ltd and Renshou Tengyi Landscaping Co., Ltd. [Member]                                                                      
Asset recovery, value | $                               $ 1,700,000                                      
Legal case with Sichuan Renshou Shigao Tianfu Investment Co., Ltd and Renshou Tengyi Landscaping Co., Ltd. [Member] | Chengdu Bank Co, Ltd [Member]                                                                      
Loan obtained during period | $                           $ 2,200,000                                          
Legal case with Sichuan Renshou Shigao Tianfu Investment Co., Ltd and Renshou Tengyi Landscaping Co., Ltd. [Member] | RMB [Member]                                                                      
Asset recovery, value                                 ¥ 12,000,000                                    
Legal case with Sichuan Renshou Shigao Tianfu Investment Co., Ltd and Renshou Tengyi Landscaping Co., Ltd. [Member] | RMB [Member] | Chengdu Bank Co, Ltd [Member]                                                                      
Loan obtained during period                                                                   ¥ 15,000,000  
Legal case with Sichuan Renshou Shigao Tianfu Investment Co., Ltd and Renshou Tengyi Landscaping Co., Ltd. [Member] | Shigaotianfu Investment and Renshou Tenvi [Member] | Chengdu Bank Co, Ltd [Member]                                                                      
Debt instrument, description                           To support the local economic development as well as Chengdu Wetouch, two government-backed companies, Sichuan Renshou Shigao Tianfu Investment Co., Ltd. ("Shigaotianfu Investment") and Renshou Tengyi Landscaping Co., Ltd. ("Renshou Tenyi") provided their bank deposits of RMB 12.0 million (equivalent to US$1.7 million) as pledge, while Mr. Guangde Cai and Sichuan Wetouch also provided counter-guarantee                                          
Pledged bank deposits for debt, value | $       $ 1,700,000                                                              
Legal case with Sichuan Renshou Shigao Tianfu Investment Co., Ltd and Renshou Tengyi Landscaping Co., Ltd. [Member] | Shigaotianfu Investment and Renshou Tenvi [Member] | RMB [Member] | Chengdu Bank Co, Ltd [Member]                                                                      
Pledged bank deposits for debt, value         ¥ 12,000,000