XML 50 R42.htm IDEA: XBRL DOCUMENT v3.22.2.2
Related Party Transactions (Tables)
6 Months Ended
Jun. 30, 2022
Related Party Transactions [Abstract]  
Schedule of related parties with transactions and related party relationships
Name of Related Party   Relationship to the Company
Mr. Hengfang Li   CEO and Chairman of the Board of Directors
Ms. Hong Ma   Wife of the CEO
Q Green Techcon Private Limited   Owned by the minority Shareholder of REIT India
Shexian Ruibo Environmental Science and Technology Co., Ltd (Shexian Ruibo)   The Company owns 41.67% ownership interest in Shexian Ruibo
Hunyuan Baiyang Food Co., Ltd.   An entity controlled by the CEO
Handan Ruisheng Construction Material Co., Ltd.   An entity controlled by Shexian Ruibo
Zhongtou Ruitu Information Service (Beijing) Co., Ltd   An entity controlled by the CEO's son, Mr. Xinyang Li and CEO's daughter, Ms. Xinran Li
Bei Qi Yin Jian Yi Le (Haikou) Smart Move Science Technology Co., Ltd.   Hainan Yile IoT owns 45% ownership interest in this company
Handan Ruisheng Construction Material Technology Co., Ltd.   An entity controlled by Shexian Ruibo

 

Schedule of due to related parties
   June 30,
2022
  

December 31,

2021

 
   (Unaudited)     
Mr. Hengfang Li  $171,333   $472,439 

 

Schedule of accounts receivable from related parties
   June 30,
2022
   December 31, 2021 
   (Unaudited)     
Accounts receivable – related party        
Hunyuan Baiyang Food Co., Ltd.   38,146    40,088 
Bei Qi Yin Jian Yi Le (Haikou) Smart Move Science Technology Co., Ltd.   48,073    50,520 
Q Green Techcon Private Limited   
-
    2,981 
Total accounts receivable from related party  $86,219   $93,589 

 

Schedule of advance to suppliers, related party
   June 30,
2022
   December 31,
2021
 
   (Unaudited)     
Advance to supplier – related party        
Q Green Techcon Private Limited  $
-
   $174,099 
Shexian Ruibo*   3,927,885    3,656,118 
Handan Ruisheng Construction Material Co., Ltd.   9,682    12,403 
Total  $3,937,567   $3,842,620 

  

Schedule of advance from related parties
   June 30,
2022
   December 31, 2021 
Advance from – related parties        
- Q Green Techcon Private Limited  $192,830   $
           -
 
Total  $192,830   $
-
 

Schedule of sales to related parties
  

For the six months ended

June 30,

 
   2022   2021 
   (Unaudited)   (Unaudited) 
Sales to related parties        
Hunyuan Baiyang Food Co., Ltd.  $
   $61,019 
Bei Qi Yin Jian Yi Le (Haikou) Smart Move Science Technology Co., Ltd.   6,987    
 
 
Q Green Techcon Private Limited        44,849 
Total  $6,987   $105,868 

  

Schedule of purchases from related parties
  

For the six months ended

June 30,

 
   2022   2021 
   (Unaudited)   (Unaudited) 
Purchase from a relate party        
Shexian Ruibo Environmental Science and Technology Co., Ltd.  $280,378   $593,961 
Q Green Techcon Private Limited.   276,768    228,248 
Total  $557,145   $822,209