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Concentrations | 6 Months Ended
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Jun. 30, 2020
Risks and Uncertainties [Abstract] |
CONCENTRATIONS | NOTE 11 - CONCENTRATIONS Customers The following table sets forth information as to each customer that accounted for 10% or more of the Company's revenues for the three and six months ended June 30, 2020 and 2019.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
Customer |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
A (Beijing Daopei, a related party) |  |  | * |  |  |  | 14 | % |  |  | * |  |  |  | * |
B (Hebei Daopei, a related party) |  |  | * |  |  |  | 14 | % |  |  | * |  |  |  | * |
C |  |  | 28 | % |  |  | 20 | % |  |  | 29 | % |  |  | 24 | %
D |  |  | 17 | % |  |  | 14 | % |  |  | 17 | % |  |  | 16 | %
E |  |  | 14 | % |  |  | * |  |  |  | 14 | % |  |  | * |
| * | Less than 10%
Two customers, whose outstanding receivable accounted for 10% or more of the Company's total outstanding accounts receivable, accounts receivable – related party, and rent receivable at June 30, 2020, accounted for 78.7% of the Company's total outstanding accounts receivable, accounts receivable – related party, and rent receivable at June 30, 2020. Two customers, whose outstanding receivable accounted for 10% or more of the Company's total outstanding accounts receivable, accounts receivable – related party, and rent receivable at December 31, 2019, accounted for 93.0% of the Company's total outstanding accounts receivable, accounts receivable – related party, and rent receivable at December 31, 2019. Suppliers No supplier accounted for 10% or more of the Company's purchase during the three and six months ended June 30, 2020. Four suppliers accounted for 10% or more of the Company's purchase during the three and six months ended June 30, 2019. One supplier, whose outstanding payable accounted for 10% or more of the Company's total outstanding accounts payable at June 30, 2020, accounted for 93.6% of the Company's total outstanding accounts payable at June 30, 2020. One supplier, whose outstanding payable accounted for 10% or more of the Company's total outstanding accounts payable at December 31, 2019, accounted for 90.8% of the Company's total outstanding accounts payable at December 31, 2019.

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 275 -URI http://asc.fasb.org/topic&trid=2134479 + Details
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- References No definition available. + Details
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