Related Party Transactions (Details Narrative) - USD ($) |
12 Months Ended | ||||
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Jul. 09, 2020 |
Dec. 31, 2017 |
Mar. 31, 2021 |
Dec. 31, 2020 |
Mar. 31, 2020 |
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Accounts payable | $ 15,000 | $ 15,000 | |||
Additional deposit | 100,000 | ||||
Prepayment deposit | $ 1,044,590 | $ 49,162 | |||
Cenntro Automotive Group [Member] | |||||
Equity method investment, ownership percentage | 3.37% | ||||
Accounts payable | $ 13,469 | $ 69,825 | |||
Cenntro Automotive Group [Member] | Common Stock [Member] | |||||
Equity method investment, ownership percentage | 19.00% | ||||
Supply Chain Agreements [Member] | Cenntro Automotive Group [Member] | |||||
Payments to acquire property and equipment percentage | 100.00% | ||||
Original term of contract description | Under a memo of understanding signed between the Company and Cenntro on March 22, 2020, the Company agrees to purchase 300 units within the following twelve months of signing the memo of understanding, and 500 and 800 in each of the following respective twelve-month periods. | ||||
Prepayment for inventory | $ 1,200,000 |
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- Definition Additional deposit. No definition available.
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- Definition Payments to acquire property and equipment percentage. No definition available.
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- Definition Prepayment for inventory. No definition available.
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- Definition Amount for accounts payable to related parties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate of all deposit liabilities held by the entity, including foreign and domestic, interest and noninterest bearing; may include demand deposits, saving deposits, Negotiable Order of Withdrawal (NOW) and time deposits among others. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Describes the terms of a significant arrangement with a supplier (excluding an unconditional purchase obligation) to acquire goods or services over a period of time beyond one year or the normal operating cycle, if longer, which may include identification of the goods or services to be purchased, pricing, effects on pricing of failing to reach minimum quantities required to be purchased, cancellation rights, and termination provisions. No definition available.
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