Newater Technology (NEWA) 20-F30 Apr 212020 FY Annual report (foreign)Financial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	12 Months Ended
Document And Entity Information - shares	Dec. 31, 2020	Mar. 15, 2021
Document Information Line Items
Entity Registrant Name	Newater Technology, Inc.
Document Type	20-F
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		10,809,000
Amendment Flag	false
Entity Central Index Key	0001678022
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	true
Entity Shell Company	false
Entity Ex Transition Period	true
Document Annual Report	true
Document Shell Company Report	false
Document Transition Report	false
Entity File Number	001-38170
Entity Incorporation, State or Country Code	D8
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current assets
Cash and cash equivalents	$ 4,462,530	$ 9,944,765
Restricted cash	0	4,021,177
Accounts receivable, net	18,038,582	11,293,625
Accounts receivable - related parties, net	8,806,238	2,392,087
Notes receivable	107,235	360,505
Inventories	21,737,156	13,715,369
Deferred cost of revenue		221,737
Advance to suppliers and other current assets, net	6,196,694	4,515,435
Advance to suppliers and other current assets - related parties	1,678,462
Total current assets	61,026,897	46,464,700
Retentions receivable, non-current	4,651	734,140
Property, plant and equipment, net	22,538,664	24,611,862
Land use rights, net	2,093,873	2,008,096
Intangible asset, net	151,677
Operating lease right-of-use assets, net	93,848	141,016
Deposit on loan agreement		918,643
Long-term investments	1,074,142	2,997,419
Long-term prepaid expenses	6,252,109	184,320
Total assets	93,235,861	78,060,196
Current liabilities
Accounts payable and bank acceptance notes to vendors	8,922,232	8,099,529
Accounts payable - related parties	3,100,923	5,225,004
Loans due within one year	27,268,410	11,809,449
Due to related parties	5,785,045
Advances from customers	2,876,306	5,522,913
Advances from customers - related parties	23,898	7,254,968
Income tax payables	798,991	322,419
Accrued expenses and other payables	5,414,379	6,971,505
Operating lease liabilities, current	35,419	56,852
Deferred income, current	45,958	43,061
Total current liabilities	54,271,561	45,305,700
Deferred income, non-current		43,061
Deferred tax liabilities	75,204	288,687
Operating lease liabilities, non-current	37,604	68,420
Long-term loans, less current portion and unamortized debt issuance costs		1,377,217
Total non-current liabilities	112,808	1,777,385
Total liabilities	54,384,369	47,083,085
Shareholders’ equity
Common shares ($0.001 par value, 200,000,000 shares authorized,10,809,000 shares issued and outstanding as of December 31, 2020 and December 31, 2019)	10,809	10,809
Additional paid-in capital	26,303,348	26,303,348
Statutory reserves	2,941,715	2,267,219
Retained earnings	8,834,286	3,946,021
Accumulated other comprehensive income (loss)	761,334	(1,550,286)
Total shareholders’ equity	38,851,492	30,977,111
Total liabilities and shareholders’ equity	$ 93,235,861	$ 78,060,196

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	10,809,000	10,809,000
Common stock, shares outstanding	10,809,000	10,809,000

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Net revenues	$ 26,350,543	$ 23,716,978	$ 25,973,963
Net revenues from related parties	24,808,223	13,857,014	21,066,741
Total revenues	51,158,766	37,573,992	47,040,704
Cost of revenues	30,284,897	20,233,998	20,474,072
Cost of revenues from related parties	706,401	1,450,627	5,669,252
Total cost of revenues	30,991,298	21,684,625	26,143,324
Gross profit	20,167,468	15,889,367	20,897,380
Operating expenses:
Selling, general and administrative	13,143,993	10,148,039	12,025,924
Total operating expenses	13,143,993	10,148,039	12,025,924
Income from operations	7,023,475	5,741,328	8,871,456
Interest expense	1,757,396	1,087,051	658,290
Interest income	(73,344)	(38,328)	(26,632)
Government grants	(1,985,061)	(946,164)	(627,748)
Loss from equity method investments, net	560,969	17,023
Other expenses (income)	215,501	(153,546)	(1,162)
Total other expenses (income)	475,461	(33,964)	2,748
Income before income taxes provisions	6,548,014	5,775,292	8,868,708
Income tax provisions	985,253	1,463,745	1,657,279
Net income	5,562,761	4,311,547	7,211,429
Other comprehensive income (loss)
Foreign currency translation adjustment	2,311,620	(378,069)	(1,159,084)
Total comprehensive income	$ 7,874,381	$ 3,933,478	$ 6,052,345
Earnings per common share
Basic (in Dollars per share)	$ 0.51	$ 0.40	$ 0.67
Diluted (in Dollars per share)	$ 0.51	$ 0.40	$ 0.67
Weighted average common shares outstanding
Basic (in Shares)	10,809,000	10,809,000	10,809,000
Diluted (in Shares)	10,809,000	10,809,000	10,809,000

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders’ Equity - USD ($)	Common Shares	Additional Paid-in Capital	Retained Earnings (Deficit)	Statutory Reserves	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2017	$ 10,809	$ 15,059,181	$ 5,228,733	$ 705,698	$ (13,133)	$ 20,991,288
Balance (in Shares) at Dec. 31, 2017	10,809,000
Net income			7,211,429			7,211,429
Statutory reserves			(1,060,013)	1,060,013
Foreign currency translation adjustment					(1,159,084)	(1,159,084)
Balance at Dec. 31, 2018	$ 10,809	15,059,181	11,380,149	1,765,711	(1,172,217)	27,043,633
Balance (in Shares) at Dec. 31, 2018	10,809,000
Net income			4,311,547			4,311,547
Statutory reserves			(501,508)	501,508
Capital increase from retained earnings		11,244,167	(11,244,167)
Foreign currency translation adjustment					(378,069)	(378,069)
Balance at Dec. 31, 2019	$ 10,809	26,303,348	3,946,021	2,267,219	(1,550,286)	30,977,111
Balance (in Shares) at Dec. 31, 2019	10,809,000
Net income			5,562,761			5,562,761
Statutory reserves			(674,496)	674,496
Foreign currency translation adjustment					2,311,620	2,311,620
Balance at Dec. 31, 2020	$ 10,809	$ 26,303,348	$ 8,834,286	$ 2,941,715	$ 761,334	$ 38,851,492
Balance (in Shares) at Dec. 31, 2020	10,809,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities
Net income	$ 5,562,761	$ 4,311,547	$ 7,211,429
Adjustments to reconcile net income to net cash used in operating activities:
Loss from equity method investments, net	560,969	17,023
Depreciation and amortization expense	2,159,715	1,549,296	558,327
Deferred income taxes	(220,332)	892,548	(118,199)
Allowance for credit losses	796,800	1,243,709	280,228
Amortization of debt issuance costs	161,911	324,221	103,772
Noncash lease expense	61,260	41,935
Loss on disposal of property, plant and equipment	35,587	1,367	13,256
Changes in assets and liabilities:
Accounts receivable, net	(6,683,358)	(1,509,728)	(5,327,278)
Accounts receivable - related parties, net	(5,915,753)	(1,103,104)	(1,427,078)
Notes receivable	262,542	(356,648)	(7,276)
Inventories	(3,791,230)	(2,923,465)	(5,762,750)
Deferred cost of revenue	223,880	117,910	383,382
Deferred cost of revenue - related party			1,765,856
Advances to suppliers and other current assets, net	(564,652)	(311,090)	(2,035,701)
Advances to suppliers and other current asset - related parties	(1,587,875)
Due from related parties
Retentions receivable, non-current	736,837	(397,157)	(358,505)
Deposit - related party		10,134	(10,583)
Accounts payable and bank acceptance notes to vendors	247,588	2,839,752	996,619
Accounts payable - related parties	(2,341,946)	1,896,054	3,269,238
Deferred income		43,433
Advances from customers	(2,855,229)	2,630,143	2,420,363
Advances from customers - related parties	(7,302,490)	6,733,465	(125,099)
Deferred income, non-current	(43,478)	43,433
Operating lease liabilities	(111,195)	(76,752)
Income tax payables	430,333	(404,231)	267,988
Accrued expenses and other payables	(2,455,366)	(2,322,199)	(4,481,539)
Net cash provided by (used in) operating activities	(22,632,721)	13,291,596	(2,383,550)
Cash flows from investing activities
Cash paid for long-term investment	(2,873,522)	(3,015,119)
Proceeds from disposal of long-term investment	4,574,914
Purchase of intangible asset	(143,491)
Purchase of property, plant and equipment	(1,355,101)	(2,316,967)	(5,511,732)
Proceeds from disposal of property, plant and equipment	40,805	427,261	22,072
Capital expenditure for property, plant and equipment	(5,862,026)		(73,227)
Deposit on acquisition of subsidiary			(200,000)
Net cash used in investing activities	(5,618,421)	(4,904,825)	(5,762,887)
Cash flows from financing activities
Proceeds from related parties	5,386,618
Repayment to related parties			(9,703)
Deposit on loan agreements		(503,939)	(473,698)
Collection of deposits on loan agreements	911,809
Proceeds from loans due within one year	25,405,697	7,454,711	11,493,557
Repayment of loans due within one year	(7,601,156)	(8,046,350)	(11,952,224)
Proceeds from long-term loans		6,376,169	8,631,493
Payment of debt issuance costs		(335,938)	(284,219)
Repayment of long-term loans	(5,762,171)	(7,736,415)	(730,595)
Net cash provided by (used in) financing activities	18,340,797	(2,791,762)	6,674,611
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	406,933	(124,050)	(404,956)
Net change in cash, cash equivalents and restricted cash	(9,503,412)	5,470,959	(1,876,782)
Cash, cash equivalents and restricted cash, beginning of the year	13,965,942	8,494,983	10,371,765
Cash, cash equivalents and restricted cash, end of the year	4,462,530	13,965,942	8,494,983
Supplemental cash flow information
Cash paid for interest	1,555,485	608,431	689,867
Cash paid for income taxes	775,240	977,755	1,507,489
Non-cash investing and financing activities:
Properties acquired with loans			52,161
Liabilities assumed in connection with purchase of property, plant and equipment	158,806	2,980,582	2,636,770
Operating expenses paid by related parties			9,703
Property, plant and equipment transferred from inventories	548,058	2,791,339	1,566,314
Property, plant and equipment transferred from advance to suppliers	72,850
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets
Cash and cash equivalents	4,462,530	9,944,765	2,461,501
Restricted cash		4,021,177	6,033,482
Total cash, cash equivalents and restricted cash	$ 4,462,530	$ 13,965,942	$ 8,494,983

Organization

Organization	12 Months Ended
Organization	Dec. 31, 2020
Accounting Policies [Abstract]
ORGANIZATION	Note 1 – ORGANIZATION Newater Technology, Inc. (“Newater Technology”) was incorporated on September 30, 2015 under the laws of the British Virgin Islands. On November 4, 2015, Newater Technology incorporated a wholly owned subsidiary, Newater HK Limited (“Newater HK”) in Hong Kong for the purpose of being a holding company for the equity interest in Yantai Jinzheng Eco-Technology Co., Ltd. (“Jinzheng”). Other than the equity interest in Newater HK, Newater Technology does not conduct any operations or own any material assets or liabilities except for cash. Newater HK does not conduct any operations or own any material assets or liabilities except for cash, other receivable, professional fees payable, and the 100% of the equity interest of Jinzheng which it acquired on January 25, 2016. Jinzheng was founded in Yantai City, Shandong Province, People’s Republic of China (“PRC”) on July 5, 2012 as a limited liability company. Jinzheng had a wholly owned subsidiary, Shandong Jinmo Recycled Water Resource Co., Ltd. (“Jinmo”), which was incorporated on March 19, 2015 and disposed on December 8, 2016. Jinzheng is a service provider and manufacturer of membrane filtration equipment and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater. On January 25, 2016, and February 5, 2016, respectively, Newater HK entered into an equity transfer agreement and a supplementary equity transfer agreement with Yuebiao Li, Zhuo Zhang, and Yue Zhang, the shareholders of Jinzheng at the time, to acquire 100% of the equity interests in Jinzheng (“reorganization”). Immediately before and after the reorganization, the shareholders of Jinzheng controlled Jinzheng and Newater Technology. Therefore, for accounting purposes, the reorganization is accounted for as a transaction between entities under common control. Accordingly, the accompanying consolidated financial statements have been prepared as if the current corporate structure had been in existence throughout the periods presented. The historical costs of all parties are carried forward. On March 27, 2019, Yantai Jinzheng Eco-Technology Co., Ltd Xi’an Branch (“Jinzheng-Xi’an”) was incorporated in PRC as a branch of Jinzheng. On April 24, 2019, Newater Technology America, Inc. (“Newater America”) was incorporated in Delaware U.S. as Newater Technology’s wholly owned subsidiary. Newater America does not own any material assets or liabilities and had no active operation since its incorporation. On April 30, 2019, Jinda Eco-Technology (Hainan) Co., Ltd. (“Jinda”) was incorporated in PRC as Newater HK’s wholly owned subsidiary. Jinda is mainly engaged in the sale and maintenance of water treatment equipment, and consulting services for water treatment technology. On June 14, 2019, Shaanxi Jinyu Zhengde Environmental Engineering Co., Ltd (“Jinyu”) was incorporated in PRC as Jinzheng’s wholly owned subsidiary. On June 11, 2018, Yantai nuclear power R&D Center Water Treatment Research Institute Co., Ltd (“Yantai Nuclear-Power”) was incorporated in the PRC. On July 5, 2019, Jinzheng acquired 70% equity of Yantai Nuclear-Power with a symbolic consideration of approximately $0.3 (RMB 2). Yantai Nuclear-Power does not own any material assets or liabilities and had no active operation since its incorporation. In July 2020, Jinzheng agreed to invest approximately $781,000 (RMB 5,100,000) to acquire 51% of the equity interest in Lancao (Shanghai) Enterprise Management Co., Ltd. (“Shanghai Lancao”). Shanghai Lancao completed related business registration with the local government authorities in July 2020. As of the filing date, the Company has not made any payment for the investment. Shanghai Lancao does not conduct any operations or own any material asset or liabilities. As a result, Newater HK, Jinzheng, Newater America, Jinda, Jinzheng – Xi’an, Jinyu, Yantai Nuclear-Power and Shanghai Lancao are referred to as subsidiaries. Newater Technology and its consolidated subsidiaries are collectively referred to herein as the “Company”, “we” and “us”, unless specific reference is made to an entity.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Note 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principles of Consolidation The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). This basis of accounting differs in certain material respects from that used for the preparation of the books of Jinzheng and other subsidiaries incorporated in the PRC, which are prepared in accordance with the accounting principles and the relevant financial regulations applicable to enterprises with limited liabilities established in the PRC (“PRC GAAP”), the accounting standards used in the places of their domicile. The accompanying consolidated financial statements reflect necessary adjustments not recorded in the books of Jinzheng and other subsidiaries incorporated in the PRC to present them in conformity with U.S. GAAP. The accompanying consolidated financial statements consolidate the financial statements of Newater Technology, its 100% owned subsidiaries Newater HK and Newater America, Newater HK’s 100% owned subsidiaries Jinzheng and Jinda, and Jinzheng’s 100% owned subsidiaries Jinzheng – Xi’an and Jinyu, 70% owned subsidiary Yantai Nuclear-Power and 51% owned subsidiary Shanghai Lancao. All significant intercompany balances and transactions have been eliminated. The results of subsidiaries acquired or disposed of during the respective periods are included in the consolidated statements of income and comprehensive income from the effective date of acquisition or up to the effective date of disposal, as appropriate. Foreign Currency Translation The accompanying consolidated financial statements are presented in United States dollar (“$”), which is the reporting currency of the Company. The functional currency of Newater Technology, Newater America and Newater HK is United States dollar. The functional currency of Jinzheng, Jinzheng – Xi’an, Jinda, Jinyu, Yantai Nuclear-Power and Shanghai Lancao is Renminbi (“RMB”). For the subsidiaries whose functional currencies are RMB, results of operations and cash flows are translated at average exchange rates during the period, assets and liabilities are translated at the exchange rate at the end of the period, and equity is translated at historical exchange rates. The resulting translation adjustments are included in determining other comprehensive income or loss. Transaction gains and losses are reflected in the consolidated statements of income and comprehensive income. Reclassification Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions of future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as operating environment changes. Significant estimates and assumptions by management include, among others, estimated useful lives and impairment of long-lived assets, allowance for credit losses, contingencies and litigation, revenue from project sales recognized over time and provision for income taxes including uncertain tax position. While the Company believes that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual results could differ from those estimates. Estimates and assumptions are periodically reviewed and the effects of revisions are reflected in the financial statements in the period they are determined to be necessary. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and all other highly liquid instruments with original maturities of three months or less. Current Expected Credit Losses On January 1, 2020, the Company adopted FASB Accounting Standards Update (ASU) 2016-13 “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments,” (ASC Topic 326) and its amendments using the modified retrospective approach. As of January 1, 2020, the Company’s accounts receivable, notes receivable and advances to suppliers and other current assets, notes receivable are within the scope of ASC Topic 326. This ASU replaces the incurred loss impairment model with an expected credit loss impairment model for financial instruments. The amendments require entities to consider forward-looking information to estimate expected credit losses, resulting in earlier recognition of losses for receivables that are current or not yet due, which were not considered under the previous accounting guidance. The adoption of this standard did not have a material impact to the Company’s consolidated financial statements, nor did it result in a cumulative effect adjustment as of January 1, 2020. The Company has identified the relevant risk characteristics of its customers and the related receivables, advances to suppliers and other current assets which include type of the products the Company provides or purchased, nature of the customers/suppliers or a combination of these characteristics. Receivables with similar risk characteristics have been grouped into pools. For each pool, the Company considers the historical credit loss experience, current economic conditions, supportable forecasts of future economic conditions, and any recoveries in assessing the lifetime expected credit losses. Other key factors that influence the expected credit loss analysis include customer demographics, payment terms offered in the normal course of business to customers, and industry-specific factors that could impact the Company’s receivables. Additionally, external data and macroeconomic factors are also considered. Retentions Receivable and Warranty Liability Retentions receivable represent the amount withheld by customers until the end of warranty period, usually one to two years from customer acceptance at installation. Accrued warranty expenses are included in accrued expenses and other payables on the accompanying consolidated balance sheets. The movements of accrued warranty expenses for the years ended December 31, 2020 and 2019 are as follows: December 31, December 31, Beginning balance $ 330,626 $ 327,265 Aggregate increase for new warranties issued during current year 304,173 7,608 Effects of foreign exchange rate 22,241 (4,247 ) Ending balance $ 657,040 $ 330,626 Retentions receivable which were expected to be collected within one year of $2,066,111 and $858,902 were included in the balance of accounts receivable, net as of December 31, 2020 and 2019, respectively. Retentions receivable from related parties which were expected to be collected within one year of $70,494 and $273,184 were included in the balance of accounts receivable from related parties, net as of December 31, 2020 and 2019, respectively. Retentions receivable which were expected to be collected after one year of $4,651 and $734,140 were presented as retentions receivable, non-current as of December 31, 2020 and 2019, respectively. Inventories Inventories, consisting of raw materials, work in process and finished goods are stated at the lower of cost or net realizable value utilizing the weighted average method. Cost includes all costs of purchase, cost of conversion and other costs incurred to bring the inventories to their present location and condition. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to sell. The valuation of inventory requires the Company to estimate excess and slow moving inventories. The Company evaluates the recoverability of the inventory based on expected demand and market conditions. Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses. Cost represents the purchase price of the asset and other costs incurred to bring the asset into its existing use. Maintenance, repairs and betterments, including replacement of minor items, are charged to expense; major additions to physical properties are capitalized. Gains and losses on disposal of property, plant and equipment are recognized in the statements of income and comprehensive income based on the net disposal proceeds less the carrying amount of the assets. Depreciation of property, plant and equipment is calculated based on cost, less their estimated residual value, if any, using the straight-line method over their estimated useful lives. Estimated useful lives are as follows: Machinery equipment 10 years Computer software 10 years Kitchen and cookware 5 years Electronic equipment 5 years Office equipment 5 years Motor vehicles 5-10 years Buildings 5-20 years Membrane cushion 3 years Wastewater treatment system, except for membrane cushion 10 years Leasehold improvements The lesser of remaining lease term or 5 years Land Use Rights According to the law of China, the government owns all the land in China. Companies or individuals are authorized to possess and use the land only through land use rights granted by the Chinese government. Land use rights are being amortized using the straight-line method over the estimated useful life of 50 years. Impairment of Long-Lived Assets In accordance with ASC Topic 360, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. There were no impairment charges on long-lived assets for the years ended December 31, 2020, 2019 and 2018. Long-term Investments As of December 31, 2020, the Company’s long-term investments consist of an equity method investment and an equity investment without readily determinable fair value which was accounted for using measurement alternative. Equity Method Investment In accordance with ASC 323, Investments-Equity Method and Joint Ventures, the Company applies the equity method of accounting to equity investments, over which it has significant influence but does not own a majority equity interests or otherwise control. Significant influence is generally considered to exist when the Company has an ownership interest in the voting stock of the investee between 20% and 50%. Under the equity method, the Company initially records its investment at cost and subsequently adjusts the carrying amount of the investment to recognize the Company’s proportionate share of each equity investee’s net income or loss into earnings after the date of investment. If an equity investment no longer qualifies to be accounted for under the equity method due to a decrease in the level of the Company’s ownership, the Company discontinues applying the equity method and uses the previous carrying amount of the investment as the initial basis and stops recording its share of the earnings or losses of its investee on the date of change. The Company continually reviews its investment under equity method to determine whether a decline in fair value to below the carrying value is other-than-temporary. The primary factors in its determination are the duration and severity of the decline in fair value, the financial condition, operating performance and the prospects of the equity investee, and other company specific information such as recent financing rounds. If the decline in fair value is deemed to be other-than-temporary, the carrying value of the equity investee is written down to fair value. The Company makes a qualitative assessment of whether the investments is impaired at each reporting date. Equity Investment Using Measurement Alternative The Company uses the measurement alternative for the investment over which the Company does not have significant influence, and without readily determinable fair value and do not qualify for the net asset value practical expedient in accordance with ASU 2016-01, “Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities”. The Company records the investment at cost, less impairment, and plus or minus subsequent adjustments for observable price changes. Under this measurement alternative, changes in the carrying value of the equity investment are required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. The Company periodically reviews its equity investment for impairment. At each reporting date, an entity that uses the measurement alternative to measure an equity investment without a readily determinable fair value is required to make a qualitative assessment of whether the investment is impaired. The Company regularly evaluates the impairment of its investment based on performance and financial position of the investee as well as other evidence of market value. Such evaluation includes, but is not limited to, reviewing the investee’s cash position, recent financing, projected and historical financial performance, cash flow forecasts and financing needs. An impairment loss recognized equal to the excess of the investment cost over its fair value at the end of each reporting period for which the assessment is made. The fair value would then become the new cost basis of the investment. Long-term prepaid expenses Long-term prepaid expenses represent the prepayment for property and equipment and land use rights. Fair Value of Financial Instruments In August 2018, the FASB issued ASU No. 2018-13 “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement”. This ASU modifies the disclosures related to recurring and nonrecurring fair value measurements. Disclosures related to the transfer of assets between Level 1 and Level 2 hierarchies have been eliminated and various additional disclosures related to Level 3 fair value measurements have been added, modified or removed. The Company adopted this ASU on January 1, 2020 and the adoption did not have a material impact on its consolidated financial statements. For certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, net, notes receivable, inventories, advances to suppliers and other current assets, net, accounts payable, loans due within one year, advances from customers, income tax payables, current portion of operating lease liabilities, current portion of deferred income, and accrued expenses and other payables, the carrying amounts approximate their fair values due to the short maturities. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of amounts due from/to related parties due to their related party nature. Lease Commitments On January 1, 2019, the Company adopted ASU 2016-02, Leases (together with all amendments subsequently issued thereto, “ASC Topic 842”), using the modified retrospective method. The Company elected the transition method which allows entities to initially apply the requirements by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. As a result of electing this transition method, previously reported financial information has not been restated to reflect the application of the new standard to the comparative periods presented. The Company elected the package of practical expedients permitted under the transition guidance within ASC Topic 842, which among other things, allows the Company to carry forward certain historical conclusions reached under ASC Topic 840 regarding lease identification, classification, and the accounting treatment of initial direct costs. The Company elected not to record assets and liabilities on its consolidated balance sheet for new or existing lease arrangements with terms of 12 months or less. The Company recognizes lease expenses for such leases on a straight-line basis over the lease term. In addition, the Company elected the land easement transition practical expedient and did not reassess whether an existing or expired land easement is a lease or contains a lease if it has not historically been accounted for as a lease. The initial lease liability is equal to the future fixed minimum lease payments discounted using the Company’s incremental borrowing rate, on a secured basis. The lease term includes option renewal periods and early termination payments when it is reasonably certain that the Company will exercise those rights. The initial measurement of the right-of-use asset is equal to the initial lease liability plus any initial direct costs and prepayments, less any lease incentives. Payments made under operating leases are charged to the consolidated statements of income and comprehensive income on a straight-line basis over the lease period. The primary impact of applying ASC Topic 842 is the initial recognition of $156,301 lease liabilities and $146,134 right-of-use assets on the Company’s consolidated balance sheet as of January 1, 2019, for leases classified as operating leases under ASC Topic 840, as well as enhanced disclosure of the Company’s leasing arrangements. There is no cumulative effect to retained earnings or other components of equity recognized as of January 1, 2019 and the adoption of this standard did not impact the consolidated statement of income and comprehensive income or consolidated statement of cash flows of the Company. The Company does not have finance lease arrangements as of December 31, 2020 and 2019. Earnings per Share Basic earnings per common share is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the year. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the sum of the weighted average number of common stock outstanding and dilutive potential common stock during the year. Potentially dilutive common shares consist of common stock warrants using the treasury stock method. Common equivalent shares are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive. Revenue Recognition The Company derives its revenues from: (1) sale of products such as membrane filtration equipment and related hardware, and integrated wastewater treatment systems (“product revenues”); (2) sale of engineered wastewater treatment system projects (“project revenues”); and (3) providing wastewater treatment services for landfill leachate, industrial park common effluent treatment plants, etc. (“service revenues”). Products Revenue Products Revenue is derived from contracts with customers, which primarily include the sale of membrane filtration systems and parts. The Company’s sales arrangements do not contain variable consideration. The Company recognizes revenue at a point in time based on management’s evaluation of when performance obligations under the terms of a contract with the customer are satisfied and control of the products has been transferred to the customer. For vast majority of the Company’s product sales, the performance obligations and control of the products transfer to the customer when products are delivered and customer acceptance is made. Project Revenue The general contract terms of wastewater treatment system projects include project management, timeframe of the project, payment terms, rights and obligations of parties, acceptance criteria, and liability for breach of contract. The Company considers these promised goods and services as one performance obligation since its customer cannot benefit from a separate promised goods or service until combining them as a bundle of goods and series that is distinct. For most contracts, revenue is recognized when performance obligation under the terms of a contract with the customer are satisfied and control of the products has been transferred to the customer, which normally occurs when (i) customer-issued formal acceptance was obtained or (ii) the Company has demonstrated the equipment meets the agreed-upon criteria per the contract when formal acceptance is not available. For one long-term contract with a related party, which accounted for 53.3% of the total project revenue in the year ended December 31, 2020, revenue is recognized over time as the Company creates an asset based on criteria that are unique to the customer and the Company has a right to payment for performance completed to date. The Company measures progress toward satisfying a performance obligation using a cost to cost method which is based on the costs incurred to total expected costs in satisfying its performance obligation. The cost of uninstalled materials is excluded from measuring progress toward satisfying a performance obligation as Company only provided a procurement service. Contract asset represents revenues recognized in excess of amounts billed on contract in progress. The contract asset related to this long-term contract is included in “advance to suppliers and other current assets – related parties” in the accompanying balance sheets and will be liquidated in the normal course of the contract completion. The contract asset for the years ended December 31, 2020 and 2019 was $1,270,063 and $0, respectively. The Company usually provides free after-sales service under project revenue, which includes warranty, technical support and training, for a period ranging from one to two years based on each contract. The warranty doesn’t constitute a separate performance obligation since it is a standard warranty to assure the project will function as expected. The actual after-sales expense was $315,852, $467,056 and $275,520 for the years ended December 31, 2020, 2019 and 2018, respectively. Service Revenue Service revenue is derived from the contracts with customers where the Company acts as a solution provider and treats wastewater for customers. The general contract terms of wastewater treatment service include operation management, timeframe of the service, pricing and payment terms, rights and obligations of parties, performance test criteria, and liability for breach of contract. The terms of pricing and payment stipulated in the contract are fixed. The terms of pricing and payment stipulated in the contract are fixed. The Company recognizes service revenue as the performance obligations are satisfied over time, specifically, based on the volume of wastewater treated. Revenue consists of the invoiced value for the sales net of value-added tax (“VAT”), business tax, applicable local government levies, rebates, discounts and returns. The Company chooses its customers with scrutiny and keeps record of collection of receivables. Receivables from customers with solid credit records and history are considered probable to be collected. The Company may subcontract the service stipulated in the contracts with customers to subcontractors including related party subcontractors. If the Company is not primarily responsible for fulfilling the promise to provide the service and does not control the service before it is transferred to the customer, it considers itself an agent in the transaction and recognizes service revenue net of subcontract costs. There were no sales returns and allowances for the years ended December 31, 2020, 2019 and 2018. The Company does not provide unconditional right of return, pricing protection or any other concessions to its customers. Revenue Disaggregation In accordance with ASC 606, the Company disaggregates revenue from contracts with customers by revenue stream. The Company determined that disaggregating revenue into these categories meets the disclosure objective in ASC 606 which is to depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by regional economic factors. The following table summarizes the net revenues generated from different revenue streams: For the Years Ended 2020 2019 2018 Products $ 3,455,606 $ 2,152,846 $ 1,387,955 Projects 18,734,444 16,906,709 6,223,293 Services 4,160,493 4,657,423 18,362,715 Net revenues 26,350,543 23,716,978 25,973,963 Products – related parties 2,390,876 796,121 304,938 Projects – related parties 22,417,347 13,060,893 20,761,803 Net revenues from related parties 24,808,223 13,857,014 21,066,741 Total net revenues $ 51,158,766 $ 37,573,992 $ 47,040,704 Contract Liabilities Contract liabilities are recorded when consideration is received from a customer prior to transferring the goods to the customer or other conditions under the terms of a sales contract. As of December 31, 2020 and 2019, the Company recorded contract liabilities of $2,876,306 and $5,522,913, respectively, which was presented as “Advances from customers” in the accompanying consolidated balance sheets. As of December 31, 2020 and 2019, the Company recorded contract liabilities of $23,898 and $7,254,968, respectively, which was presented as “Advances from customers – related parties” in the accompanying consolidated balance sheets. During the years ended December 31, 2020 and 2019, the Company recognized $4,440,704 and $1,464,271, respectively, of contract liabilities included in the opening balances of advance from customers. During the years ended December 31, 2020 and 2019, the Company recognized $7,680,725 and $525,934, respectively, of contract liabilities included in the opening balances of advance from customers – related parties. The amount was included in net revenues from related parties in the accompanying consolidated statements of income and comprehensive income. During the years ended December 31, 2020 and 2019, the Company recognized $0 and $215,307, respectively, of contract liabilities included in the opening balances of advance from customers. The amount was included in other income in the accompanying consolidated statements of income and comprehensive income. Cost of Revenue and Deferred Cost of Revenue The Company’s cost of revenues primarily consists of (i) materials and equipment costs, (ii) compensation and related overhead expenses for personnel involved in the customization of its products, delivery, installation and maintenance and services (“compensation and overhead costs”), (iii) contractor costs, and (iii) depreciation of equipment used in operations. For products revenue and projects revenue, all costs associated with the sales are expensed when revenues are recognized. For service revenue, when revenue is recognized over time in accordance with the Company’s revenue recognition policies, total costs are deferred and amortized over the same period that associated service revenue is recognized. The costs incurred but not expensed yet are recognized as “deferred cost of revenue” in the accompanying consolidated balance sheets. Government Grants Government grants include cash subsidies received from the PRC government. Such subsidies are issued by the local government to encourage innovation, technology development, research and development. The government grant is recognized in the consolidated statements of income and comprehensive income when cash is received and the relevant performance criteria specified are met. In the years ended December 31, 2020, 2019 and 2018, the Company received government grants of approximately $1,942,000, $1,033,000 and $628,000, and recognized approximately $1,985,000, $946,000 and $628,000, in the consolidated statements of income and comprehensive income, respectively. Research and Development Research and development costs are expensed as incurred. The costs primarily consist of raw materials purchased and consumed in experiments, product testing and other research and development activities and salaries and fees paid for the development and improvement of the Company’s products and systems. Research and development costs for the years ended December 31, 2020, 2019 and 2018 were $2,969,266, $1,826,346 and $2,654,513, respectively. Selling Expenses Selling expenses consist primarily of advertising, salaries, travelling and shipping and handling costs incurred during the selling activities. Advertising and transportation expenses are charged to expense as incurred. Advertising costs in the amounts of $5,875, $57,245 and $6,376 for the years ended December 31, 2020, 2019 and 2018, respectively, are included in selling expenses. The Company elected to account for shipping and handling activities as a fulfillment cost. Shipping and handling costs amounting to $33,125, $87,082 and $35,326 for the years ended December 31, 2020, 2019 and 2018, respectively, are included in selling expenses. Income Taxes The Company accounts for income taxes under the provision of FASB ASC 740-10, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. Comprehensive Income/Loss ASC 220 “Comprehensive Income” established standards for reporting and display of comprehensive income/loss, its components and accumulated balances. Components of comprehensive income/loss include net income/loss and foreign currency translation adjustments. As of December 31, 2020 and 2019, the only component of accumulated other comprehensive income/loss was foreign currency translation adjustments. Concentration of Credit Risk Financial instruments the Company holds that are subject to concentrations of credit risk are cash and cash equivalents, notes receivable and accounts receivable arising from its normal business activities. The Company places its cash and cash equivalents in what it believes to be credit-worthy financial institutions. The Company routinely assesses the credit status of its customers and, based upon factors surrounding the credit risks, establishes an allowance, if required, for uncollectible accounts. The company believes its notes receivable and accounts receivable credit risk exposure beyond such allowance is limited. Related Parties Transactions A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered as a related party transaction when there is a transfer of resources or obligations between related parties. Related parties may be individuals or corporate entities. Segment Reporting The Company uses the “management approach” in determining reportable segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determin

Restricted Cash

Restricted Cash	12 Months Ended
Restricted Cash	Dec. 31, 2020
Restricted Cash [Abstract]
RESTRICTED CASH	Note 3 – RESTRICTED CASH As of December 31, 2019, the amount of restricted cash totaled $4,021,177 included the bank deposit pledged for the bank acceptance notes issued to suppliers in the amount of $488,029, cash deposits pledged in exchange for guarantee service provided by third parties in the amount of $33,148, and certificate of deposits of $3,500,000 in the Newater HK’s offshore bank account pledged for the short-term loan of $2,961,307 from Industrial and Commercial Bank of China. As of December 31, 2020, the restricted cash balance was reduced to zero.

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
Accounts Receivable, Net	Dec. 31, 2020
Receivables [Abstract]
ACCOUNTS RECEIVABLE, NET	Note 4 – ACCOUNTS RECEIVABLE, NET The net book value of accounts receivable consisted of the following as of December 31, 2020 and 2019: December 31, December 31, Accounts receivable $ 19,760,422 $ 11,895,600 Less: Allowance for credit losses (1,721,840 ) (601,975 ) Accounts receivable, net $ 18,038,582 $ 11,293,625 The movement of allowance for credit losses consisted of the following: December 31, December 31, Beginning balance $ 601,975 $ 470,648 Provisions 1,079,371 137,435 Effects of foreign exchange rate 40,494 (6,108 ) Ending balance $ 1,721,840 $ 601,975 As of December 31, 2019, certain accounts receivable were pledged to obtain long-term loans. See Note 11 for details.

Inventories

Inventories	12 Months Ended
Inventories	Dec. 31, 2020
Inventory Disclosure [Abstract]
INVENTORIES	Note 5 – INVENTORIES At December 31, 2020 and 2019, inventories consisted of the following: December 31, December 31, Raw materials $ 6,810,216 $ 4,828,273 Work in process 14,772,318 8,742,220 Finished goods 154,622 144,876 21,737,156 13,715,369 Less: write-down of inventories - - Inventories $ 21,737,156 $ 13,715,369 During the years ended December 31, 2020 and 2019, inventories in the amount of $548,058 and $2,791,339 were transferred into property and equipment as the Company changed the use of the inventories into productive assets, respectively.

Advances to Suppliers and Other

Advances to Suppliers and Other Current Assets, Net	12 Months Ended
Advances to Suppliers and Other Current Assets, Net	Dec. 31, 2020
Advances To Suppliers And Other Current Assets Net [Abstract]
ADVANCES TO SUPPLIERS AND OTHER CURRENT ASSETS, NET	Note 6 – ADVANCES TO SUPPLIERS AND OTHER CURRENT ASSETS, NET As of December 31, 2020 and 2019, advances to suppliers and other current assets consisted of the following: December 31, December 31, 2020 2019 VAT-input $ 31,701 $ 69,388 Deposits 321,834 294,242 Prepaid expense 53,986 833,211 Others 459,374 72,450 Total other current assets 866,895 1,269,291 Advances to suppliers 5,571,690 3,776,962 Total 6,438,585 5,046,253 Less: allowance for credit losses (241,891 ) (530,818 ) Advances to suppliers and other current assets, net $ 6,196,694 $ 4,515,435 Other current assets include the value added tax pending for deduction and verification, advances to employees for business travel and other miscellaneous receivables such as utility fees, social insurance, personal income tax paid in advance on behalf of employees, as well as deposits, which include guarantee deposits, rent deposits and security deposits for bidding customer projects. The movement of allowance for credit losses consisted of the following: December 31, December 31, 2020 2019 Beginning balance $ 530,818 $ 60,277 Provisions - 479,071 Write-off (237,114 ) (7,748 ) Effects of foreign exchange rate (51,813 ) (782 ) Ending balance 241,891 530,818

Property, Plant and Equipment,

Property, Plant and Equipment, Net	12 Months Ended
Property, Plant and Equipment, Net	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	Note 7 – PROPERTY, PLANT AND EQUIPMENT, NET As of December 31, 2020 and 2019, property, plant and equipment consisted of the following: December 31, December 31, 2020 2019 Machinery equipment $ 10,090,267 $ 9,860,468 Electronic equipment 357,035 245,366 Office equipment 235,290 289,473 Motor vehicles 1,813,319 1,057,208 Buildings 11,339,637 10,666,163 Computer software 229,876 108,105 Kitchen and cookware 116,685 111,010 Construction in progress 450,035 465,217 Leasehold improvements 79,791 74,762 Membrane cushion 82,526 390,660 Wastewater treatment system, except for membrane cushion 1,091,201 3,348,847 Total property, plant and equipment 25,885,662 26,617,279 Less: accumulated depreciation (3,346,998 ) (2,005,417 ) Property, plant and equipment, net $ 22,538,664 $ 24,611,862 During the year ended December 31, 2020, the liabilities assumed in connection with purchase of property, plant and equipment totaled $158,806. The liabilities were included in accrued expenses and other payables in the accompanying consolidated balance sheet as of December 31, 2020. Depreciation expense for the years ended December 31, 2020, 2019 and 2018, was $2,116,121, $1,505,747, and $512,333, respectively. Certain property, plant and equipment have been pledged to obtain long-term loans. See Note 11 for details.

Land Use Rights, Net

Land Use Rights, Net	12 Months Ended
Land Use Rights, Net	Dec. 31, 2020
Land Use Rights Net [Abstract]
LAND USE RIGHTS, NET	Note 8 – LAND USE RIGHTS, NET As of December 31, 2020 and 2019, land use rights consisted of the following: December 31, December 31, Cost $ 2,304,068 $ 2,158,848 Less: accumulated amortization (210,195 ) (150,752 ) Land use rights, net $ 2,093,873 $ 2,008,096 Amortization expense for the years ended December 31, 2020, 2019 and 2018 was $43,594, $43,549, and $45,994, respectively.

Long-Term Investments

Long-Term Investments	12 Months Ended
Long-Term Investments	Dec. 31, 2020
Long-Term Investments [Abstract]
LONG-TERM INVESTMENTS	Note 9 – LONG-TERM INVESTMENTS Equity Method Investment On August 2, 2019, the Company invested (approximately $144,000 (RMB 1,000,000) in Yantai Hengqingyuan Eco-Technology Co., Ltd. (“Hengqingyuan”), an environmental technology development company that was newly established in 2019, representing a 20% equity interest in Hengqingyuan. Yantai Guotai Investment Co., Ltd., a government-controlled entity, owns the other 80% equity interest of Hengqingyuan. The investment is accounted for under equity method in accordance with ASC 323. During the years ended December 31, 2020 and 2019, the Company recognized its proportionate share of Hengqingyuan’s net loss in the amount of $32,082 and $17,023, respectively, in the consolidated statements of income and comprehensive income. Equity Investment Using Measurement Alternative On December 31, 2019, the Company invested approximately $2,870,000 (RMB 20,000,000) in Yantai Jincai Eco-Technology Co., Ltd (“Jincai”), an environmental technology development company that was newly established in 2019, representing a 40% equity interest in Jincai. Yantai Caijin Investment Holdings Co. (“Caijin”), a government-controlled entity, owns the other 60% equity interest of Jincai. The investment was accounted for under equity method in accordance with ASC 323. On January 2, 2020, the owners of Jincai increased their respective invested capital in Jincai, as a result, the Company invested additional amount of approximately $2,873,000 (RMB 20,000,000) in Jincai with its equity interest percentage remains the same. On November 25, 2020, the Company sold 30% of its equity interest in Jincai to Yantai Zhengcaiqingyuan Investment Holdings Co., Ltd (“Zhengcaiqingyuan”), a government-controlled entity, for consideration of approximately $4,561,000 (RMB 30,000,000), and reduced the Company’s equity interest to 10%. The Company lost the significant influence with retained investment and discontinues using equity method accounting following the disposal. During the period from January 1, 2020 through November 25, 2020, the Company recognized its proportionate share of Jincai’s net loss in the amount of $214,000 (RMB 1,479,704) in the consolidated statements of income and comprehensive income. The Company also recognized a loss on equity investment of approximately $1,901,000 (RMB 13,117,789) as a result of the elimination of intra-entity profit related to the sale of equipment to Jincai. As of November 25, 2020, the carrying amount of the 40% equity interest in Jincai was approximately $3,891,000 (RMB 25,402,506). The difference between the consideration received and the carrying amount of the 30% equity interest was recorded as a gain from disposal of equity investment of approximately $1,677,000 (RMB 10,948,120) in the consolidated statements of income and comprehensive income. The carrying amount of the investment in Jincai after the disposal was approximately $973,000 (RMB 6,350,627) as of December 31, 2020. Since Jincai does not have readily determinable fair value as a privately held company, the Company elected to use the measurement alternative to measure the investment at cost, which is the carrying amount as of November 25, 2020, and subsequently adjusted for any impairment and observable price changes. The Company reviews its investments for impairment based on performance and financial position of the investees as well as other evidence of market value. The Company did not record any impairment loss associated with its investments in Hengqingyuan and Jincai for the years ended December 31, 2020 and 2019. On March 20, 2020, Jincai entered into a loan agreement with Shanghai Pudong Development Bank to borrow approximately $14,100,000 (RMB 100,000,000) due on March 19, 2023 for business purpose. The loan bears an annual interest rate of approximately 5.43% payable monthly. The loan is guaranteed by Jincai’s owners, Caijin and Jinzheng. The loan is also jointly guaranteed by Yuebiao Li, the Chief Executive Officer and Chairman of the Board, and his wife.

Deferred Tax Liabilities, Net

Deferred Tax Liabilities, Net	12 Months Ended
Deferred Tax Liabilities, Net	Dec. 31, 2020
Deferred Tax Liabilities, Net [Abstract]
DEFERRED TAX LIABILITIES, NET	Note 10 – DEFERRED TAX LIABILITIES, NET The components of the deferred tax liabilities are as follows: December 31, December 31, Deferred tax liabilities, non-current Unpaid accrued expenses $ 72,834 $ 56,262 Warranty 98,847 49,594 Allowance for credit losses 357,080 263,566 Others (603,965 ) (658,109 ) Deferred tax liabilities, non-current (75,204 ) (288,687 ) Less: valuation allowance - - Total deferred tax liabilities, non-current $ (75,204 ) $ (288,687 ) Deferred taxation is calculated under the asset and liability method in respect of taxation effect arising from all timing differences, which are expected with reasonable probability to realize in the foreseeable future. The Company’s subsidiary registered in the PRC is subject to income taxes within the PRC at the applicable tax rate.

Loans

Loans	12 Months Ended
Loans	Dec. 31, 2020
Debt Disclosure [Abstract]
LOANS	Note 11 – LOANS Loans are comprised of the following as of December 31, 2020 and 2019: December 31, December 31, Industrial and Commercial Bank of China, Yantai Economic Development Zone Branch $ - $ 3,014,296 Bank of China, Yantai Bonded Port Area Branch 1,225,547 1,148,303 China Citic Bank, Yantai Branch 3,063,866 - Agricultural Bank of China, Yantai Laishan Branch - 1,291,841 Postal Savings Bank of China, Yantai Laishan Branch - 2,066,946 Qingdao Yikou Industrial Automation Equipment Co., Ltd. - 83,252 Yantai Zhengda City Construction Development Co. 22,978,997 - Total short-term loans 27,268,410 7,604,638 Qingdao Metro Finance Leasing Co., Ltd. - 4,306,138 ZGC Sci-Tech Leasing Co., Ltd - 1,436,251 Total loans 27,268,410 13,347,027 Less: short-term loans and current portion of long-term loans 27,268,410 11,809,449 Less: unamortized debt issuance costs - 160,361 Long-term loans - due over one year $ - $ 1,377,217 On November 1, 2017, the Company entered into a loan agreement with the Bank of China, Yantai Bonded Port Area Branch to borrow approximately $1,230,000 (RMB 8,000,000) due on November 1, 2018 for working capital purposes. The loan bears an annual interest rate of 5.873% payable quarterly in arrears and pledged with an apartment owned by Yue Zhang. The loan was also jointly guaranteed by Yantai Runtai Medical Co., Ltd. (“Runtai”), Yuebiao Li and his wife, Xiaojun Chen, husband of Zhuo Zhang, and Yue Zhang. The Company paid off the loan in full on October 17, 2018. On October 29, 2018 the Company entered into another loan with the same bank in the amount of approximately $1,148,000 (RMB 8,000,000) due on October 28, 2019 for working capital purposes. On March 20, 2019, the Company paid off the loan in full and on March 21, 2019, the Company renewed the loan agreement with the same principal amount and extended the maturity to March 20, 2020. According to the agreement, the loan bears an annual interest rate of 4.860% payable quarterly and pledged with an apartment owned by Yue Zhang. The loan was also jointly guaranteed by Yuebiao Li and his wife. On February 14, 2020, the Company paid off the loan in full and on February 18, 2020, the Company entered into a loan agreement with the same principal amount and extended the maturity to February 18, 2021 with an annual interest rate of 4.350%. The loan is jointly guaranteed by Yuebiao Li and his wife and pledged with an apartment owned by Yue Zhang. On September 30, 2019 and December 9, 2019, the Company entered into two loan agreements to borrow approximately $1,824,459 (RMB13,000,000) and $1,136,846 (RMB8,000,000) from Industrial and Commercial Bank of China, Yantai Economic Development Zone Branch, for the period from September 30, 2019 to September 29, 2020, and December 9, 2019 to December 10, 2020, respectively. These two loans bear annual interest rates of 4.350% and 4.785%, respectively, and are pledged with certificates of deposit in the total amount of $3,500,000 using the funds from the IPO of Newater HK. The Company paid off these two loans in full as of December 31, 2020. The amount of the certificates of deposit were included in restricted cash as of December 31, 2019 and expired as of December 31, 2020. On July 16, 2018, the Company entered into a loan agreement to borrow approximately $311,154 (RMB 2,080,000) from Qingdao Yikou Industrial Automation Equipment Co., Ltd. for the period from July 16, 2018 to July 15, 2019 with an annual interest rate of 5.500%. The Company repaid approximately $144,322 (RMB 1,000,000) on November 22, 2018, $70,867 (RMB500,000) on August 9, 2019 and $83,271 (RMB580,000) on January 3, 2020. On September 16, 2019, the Company entered into a loan agreement to borrow approximately $1,292,000 (RMB 9,000,000) from Agricultural Bank of China, Yantai Laishan Branch, for the period from September 16, 2019 to August 27, 2020 with an annual interest rate of 4.785%. The loan is guaranteed by Yuebiao Li and Zhuo Zhang, the Chief Financial Officer and principal shareholder, and pledged by the Company’s Plant 1 factory located at 1 Ruida Road, Yantai City, Shandong Province and the Company’s gatehouse. The Company paid off this loan in full as of December 31, 2020. On September 11, 2019, the Company entered into a loan agreement to borrow approximately $2,068,000 (RMB 14,400,000) from China Post Savings Bank, Yantai Laishan Branch, for the period from September 11, 2019 to September 10, 2020 with an annual interest rate of 4.785%. The loan is guaranteed by Yuebiao Li, and pledged by the No. 3 office building located at 1 Ruida Road, Yantai City, Shandong Province and the Company’s gatehouse. The Company paid off this loan in full as of December 31, 2020. On March 24, 2020, the Company entered into a loan agreement to borrow approximately $2,829,054 (RMB20,000,000) from China Citic Bank, Yantai Branch for the period from March 24, 2020 to March 23, 2021 with an annual interest rate of approximately 4.8025%. The loan is guaranteed by Yuebiao Li and his wife, and pledged by the No. 2 factory located at 1 Ruida road, Yantai City, Shandong Province. On July 29, 2020, the Company entered into a loan agreement to borrow approximately $21,433,164 (RMB150,000,000) from Yantai Zhengda City Construction Development Co. for the period from July 29, 2020 to July 28, 2021 with an annual interest rate of 11%. The loan is pledged by 60,000,000 stock shares of Jinzheng Eco-Technology Co., Ltd. owned by Newater HK. On April 28, 2018, the Company obtained a loan from Qingdao Metro Leasing Co., Ltd. (“Qingdao Metro Loan I”) in the amount of approximately $4,736,979 (RMB 30,000,000). The loan bears an annual interest rate of 6.00% payable quarterly and is due in 36 months. The loan is guaranteed by Yuebiao Li and his wife, Zhuo Zhang and her husband and pledged by the Company’s equipment with the original cost of approximately $6,019,799 (RMB 38,124,292). The loan is also pledged by the 30% equity ownership of Jinzheng owned by Newater HK. The Company paid a security deposit of approximately $473,698 (RMB 3,000,000) and debt issuance costs of approximately $284,219 (RMB 1,800,000) in cash. On January 15, 2019, the Company obtained another two-year loan from Qingdao Metro Leasing Co., Ltd (“Qingdao Metro Loan II”) in the amount of $4,440,245 (RMB30,000,000). The loan is guaranteed by Yuebiao Li and his wife, Zhuo Zhang and her husband and pledged by the Company’s equipment with the original cost of approximately $5,808,000 (RMB40,460,000) and accounts receivable from a customer. In addition, the loan is also pledged by the 30% equity ownership of Jinzheng owned by Newater HK. The Company paid a security deposit of approximately $310,817 (RMB 2,100,000) and debt issuance costs of approximately $266,415 (RMB 1,800,000) in cash As of December 31, 2019, current portion of Qingdao Metro Loan I and Qingdao Metro Loan II totaled $3,593,445 (RMB25,034,817) and the long-term portion totaled $712,692 (RMB4,965,183). The balance was presented in the balance of the accompanying consolidated balance sheet, including $122,280 (RMB851,900) of unamortized debt issuance costs which was included in the balance of loans due over one year in the accompanying consolidated balance sheet. As of December 31, 2020, the Company paid the loan in full and received the deposits on these loan agreement in full. On March 29, 2019, the Company obtained a loan from ZGC Sci-Tech Leasing Co., Ltd. in the amount of approximately $1,936,000 (RMB 13,000,000). The loan bears an annual interest rate of 7.20% payable quarterly and is due in 36 months. The loan is pledged by the Company’s wastewater treatment equipment with the original cost of approximately $2,510,000 (RMB 17,486,660) and the accounts receivable from two wastewater treatment projects. The loan is further guaranteed by Yuebiao Li and Zhuo Zhang. The Company paid a security deposit approximately $193,122 (RMB1,300,000) and debt issuance costs of approximately $69,524 (RMB468,000) in cash. As of December 31, 2019, current portion of the loan totaled $611,364 (RMB 4,259,253) and the long-term portion totaled $824,886 (RMB 5,746,819). The unamortized debt issuance costs of $38,081 (RMB265,303) were included in the balance of loans due over one year in the accompanying consolidated balance sheet. As of December 31, 2020, the Company paid the loan in full and received the deposit on this loan agreement in full. During the year ended December 31, 2020, the total interest cost incurred and charged to expense was $1,757,396. During the year ended December 31, 2019, the total interest cost incurred was $1,430,295, of which $1,087,051 was recognized as expense and $343,244 was capitalized in the construction in progress.

Operating Lease

Operating Lease	12 Months Ended
Operating Lease	Dec. 31, 2020
Disclosure Text Block [Abstract]
OPERATING LEASE	Note 12 – OPERATING LEASE The Company entered into various operating lease agreements for agencies outside Yantai City, Shangdong Province, and its old factory in Yantai City. The remaining lease term of the Company’s leases ranges from approximately 0.2 to 2.3 years. The estimated effect of lease renewal and termination options, as applicable, was included in the consolidated financial statements in current period. Lease expense is recognized on a straight-line basis over the lease term. For the year ended December 31, 2020, the Company had operating lease costs of $67,254 and short-term lease costs of $97,354. For the year ended December 31, 2019, the Company had operating lease costs of $49,826 and short-term lease costs of $52,632. Cash paid for amounts included in the measurement of operating lease liabilities was $71,060 and $75,960 during the years ended December 31, 2020 and 2019, respectively. As of December 31, 2020, the weighted average remaining lease term was 2.03 years and the weighted average discount rate was 6.00%. The following table summarizes the maturity of our operating lease liabilities as of December 31, 2020: 2021 $ 38,299 2022 38,298 Thereafter - Total 76,597 Less: imputed interest 3,574 Total lease liabilities $ 73,023

Related Party Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	Note 13 – RELATED PARTY TRANSACTIONS The Company had transactions with the following related parties in the years ended December 31, 2020, 2019 and 2018: Name of Related Party Nature of Relationship Yuebiao Li Principal shareholder, Chairman of the Board and Chief Executive Officer (“CEO”) Zhuo Zhang Principal shareholder, Director, Chief Financial Officer (“CFO”) Yue Zhang Principal shareholder, Zhuo Zhang’s sister Xiaojun Chen Husband of Zhuo Zhang Heilongjiang Binteer Environmental Protection Equipment Manufacturing Co., Ltd. (“Heilongjiang Binteer”) Established by Yuebiao Li, in May 2014, Mr. Li transferred his 60% equity interest to his brother, Yuefeng Li. Yuefeng Li then transferred his 60% equity interest to a third party individual for zero consideration in March 2016. Significantly influenced by the Company. Yantai Hengqingyuan Eco- Technology Co., Ltd. (“Hengqingyuan”) Jinzheng holds 20% equity interest. Yantai Jincai Eco-Technology Co., Ltd. (“Jincai”) Jinzheng holds 10% equity interest. Entity A and its subsidiaries Entity A is 45% owned by Entity D Entity B Significantly influenced by the Company Entity C Significantly influenced by the Company Entity D and its subsidiaries Significantly influenced by the Company Sude (Dalate) Environmental Protection Technology Co., Ltd. (“Sude”) Yuebiao Li is the legal person. The Company primarily provides products such as membranes, components and wastewater filtration equipment to Heilongjiang Binteer, Hengqingyuan, Jinca, Sude, Entity A and its subsidiaries, Entity B and Entity D’s subsidiary. The Company purchased membrane modules, membrane filters, and other components of water treatment equipment from Entity D’s subsidiary. The Company also subcontracted wastewater treatment service to Entity C, Entity D’s subsidiary, Entity A and its subsidiaries. The following related party transactions occurred for the years ended December 31, 2020, 2019 and 2018: For the Years Ended December 31, 2020 2019 2018 SALES TO: Heilongjiang Binteer $ - $ 6,792 $ - Hengqingyuan - 1,921,811 - Jincai 22,096,716 - - Entity A and its subsidiaries 373,514 11,030,663 20,750,159 Entity B - - 107,894 Entity D’s subsidiary 773,312 897,748 208,688 Sude 1,564,681 - - Total net revenues from related parties $ 24,808,223 $ 13,857,014 $ 21,066,741 PURCHASE FROM: Entity D’s subsidiary $ 1,101,751 $ 2,112,484 $ 1,592,537 Total purchase from related party $ 1,101,751 $ 2,112,484 $ 1,592,537 WASTEWATER TREATMENT SERVICE PROVIDED BY: Entity C $ - $ 2,536,720 $ 5,279,255 Entity A and its subsidiaries 4,700,387 7,521,286 5,918,396 Entity D’s subsidiary 2,485,675 2,182,473 291,150 Total wastewater treatment service provided by related parties $ 7,186,062 $ 12,240,479 $ 11,488,801 COST OF REVENUES FROM: Entity C $ - $ - $ 4,296,375 Entity D’s subsidiary 706,401 1,450,627 1,372,877 Total cost of revenues from related parties: $ 706,401 $ 1,450,627 $ 5,669,252 For the Years Ended ACCOUNTS RECEIVABLE FROM RELATED PARTIES 2020 2019 Entity A and its subsidiaries $ 377,154 $ 1,460,103 Jincai 4,677,921 - Entity B 666,307 624,312 Entity D’s subsidiary 1,882,205 931,984 Sude 1,868,958 - Accounts receivable from related parties 9,472,545 3,016,399 Less: allowance for credit losses (666,307 ) (624,312 ) Accounts receivable - related parties, net $ 8,806,238 $ 2,392,087 MOVEMENT OF ALLOWANCE FOR CREDIT LOSSES FOR ACCOUNTS RECEIVABLE FROM RELATED PARTIES: Beginning balance $ 624,312 $ - Provisions - 624,312 Write-off - - Effect of foreign exchange rate 41,995 - Ending balance $ 666,307 $ 624,312 ADVANCES FROM CUSTOMERS - RELATED PARTIES Entity A and its subsidiaries $ - $ 72,904 Heilongjiang Binteer 23,898 5,167 Jincai - 7,176,897 Advances from customers – related parties $ 23,898 $ 7,254,968 ACCOUNTS PAYABLE - RELATED PARTIES Entity C $ - $ 1,318,692 Entity A and its subsidiaries 3,100,923 2,537,333 Entity D’ subsidiaries - 1,368,979 Accounts payable – related parties $ 3,100,923 $ 5,225,004 ADVANCE TO SUPPLIERS AND OTHER CURRENT ASSETS – RELATED PARTIES Advance to Suppliers Entity D’s subsidiaries $ 408,399 $ - Contract Asset Jincai $ 1,270,063 $ - Advance to suppliers and other current assets – related parties $ 1,678,462 $ - Due to related parties On December 31, 2020, the Company borrowed approximately $2,297,900 (RMB15,000,000) from Yuebiao Li with no interest bearing. The maturity date of the loan was January 31, 2021. During the year ended December 31, 2020, the Company also borrowed funds from Jincai with no interest bearing for its operation. As of December 31, 2020, the balance due to Jincai was approximately $3,089,000 (RMB 22,763,041). As of December 31, 2020 and 2019, due to related parties consisted of the following: For the Years Ended 2020 2019 Yuebiao Li $ 2,297,900 $ - Jincai 3,487,145 - Total $ 5,785,045 $ -

Income Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	Note 14 – INCOME TAXES British Virgin Islands (“BVI”) Under the current laws of BVI, Newater Technology is not subject to tax on income or capital gain. In addition, payments of dividends by the Company to their shareholders are not subject to withholding tax in the BVI. United States The Company’s subsidiary, Newater America is incorporated in the State of Delaware and is subject to United States Federal and state income tax at a statutory rate of 21%. No provision for the U.S Federal income tax has been made as Newater America had no taxable income in this jurisdiction for the reporting periods. Hong Kong The Company’s subsidiary, Newater HK, is incorporated in Hong Kong and has no operating profit or tax liabilities during the period. Newater HK is subject to tax at 8.25% on assessable profits up to $256,410 (HK$2,000,000) and 16.5% on any part of assessable profits over $256,410 for the years ended December 31, 2020 and 2019. PRC The Company’s subsidiaries, Jinzheng, Jinda, Jinzheng – Xi’an, Yantai Nuclear – Power and Shanghai Lancao are incorporated in the PRC and are subject to PRC Enterprise Income Tax (“EIT”) on the taxable income in accordance with the relevant PRC income tax laws. On March 16, 2007, the National People’s Congress enacted a new enterprise income tax law, which took effect on January 1, 2008. The law applies a uniform 25% enterprise income tax rate to both foreign invested enterprises and domestic enterprises. According to the tax law, entities that qualify as high technology enterprises (“HNTE”) supported by the PRC government are allowed a 15% preferential tax rate instead of the uniform tax rate of 25%. The qualification of HNTE will be renewed after evaluation by relevant government authorities every three years. According to tax law, entities established in Hainan Province that qualify as encouraged industrial enterprises are allowed 15% preferential tax rate instead of the uniform tax rate of 25%. For the years ended December 31, 2020, 2019 and 2018, Jinzheng was qualified as a HNTE and is entitled to the preferential tax rate of 15%. For the year ended December 31, 2020, Jinda was qualified as an encouraged industrial enterprise located in Hainan Province and is entitled to the preferential tax rate of 15%. The provision for income taxes consists of the following: For the Years Ended 2020 2019 2018 Current $ 1,751,750 $ 571,198 $ 1,775,477 Deferred (766,497 ) 892,547 (118,198 ) Total $ 985,253 $ 1,463,745 $ 1,657,279 The reconciliations of the statutory income tax rate and the Company’s effective income tax rate are as follows: For the Years Ended 2020 2019 2018 HK statutory income tax rate 8.25 % 8.25 % 8.25 % Valuation allowance recognized with respect to the loss in the HK company (8.25 )% (8.25 )% (8.25 )% PRC statutory income tax rate 25.00 % 25.00 % 25.00 % Effect of income tax exemptions and reliefs (7.46 )% (6.91 )% (8.53 )% Effect of additional deduction allowed for R&D expense (7.20 )% (5.31 )% (4.39 )% Effect of expenses not deductible for tax purposes 6.06 % 4.67 % 1.44 % Others (1.35 )% 7.89 % - Total 16.40 % 25.34 % 13.52 % Accounting for Uncertainty in Income Taxes The tax authority of the PRC government conducts periodic and ad hoc tax filing reviews on business enterprises operating in the PRC after those enterprises complete their relevant tax filings. Therefore, the Company’s PRC entities’ tax filings results are subject to change. It is therefore uncertain as to whether the PRC tax authority may take different views about the Company’s PRC entities’ tax filings, which may lead to additional tax liabilities. ASC 740 requires recognition and measurement of uncertain income tax positions using a “more-likely-than-not” approach. The management evaluated the Company’s tax positions and concluded that no provision for uncertainty in income taxes was necessary as of December 31, 2020 and 2019.

Statutory Reserves

Statutory Reserves	12 Months Ended
Statutory Reserves	Dec. 31, 2020
Statutory Reserves [Abstract]
STATUTORY RESERVES	Note 15 – STATUTORY RESERVES According

Earnings Per Share

Earnings Per Share	12 Months Ended
Earnings Per Share	Dec. 31, 2020
Earnings Per Share [Abstract]
EARNINGS PER SHARE	Note 16 – EARNINGS PER SHARE The following table presents a reconciliation of basic and diluted net income per share for the years ended December 31, 2020, 2019 and 2018: For the Years Ended 2020 2019 2018 Net income available to common shareholders for basic and diluted net income per common share $ 5,562,761 $ 4,311,547 $ 7,211,429 Weighted average common shares outstanding – basic 10,809,000 10,809,000 10,809,000 Effect of dilutive securities: Warrants issued to third party - - - Weighted average common shares outstanding – diluted 10,809,000 10,809,000 10,809,000 Net income per common share – basic $ 0.51 $ 0.40 $ 0.67 Net income per common share – diluted $ 0.51 $ 0.40 $ 0.67

Concentrations of Credit Risk a

Concentrations of Credit Risk and Major Customers and Suppliers	12 Months Ended
	Dec. 31, 2020
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF CREDIT RISK AND MAJOR CUSTOMERS AND SUPPLIERS	Note 17 – CONCENTRATIONS OF CREDIT RISK AND MAJOR CUSTOMERS AND SUPPLIERS Customers For the years ended December 31, 2020, 2019 and 2018, customers accounting for 10% or more of the Company’s revenues were as follows: For the Years Ended Customer 2020 2019 2018 Everbright Environmental Energy (Jinan) Co., Ltd. * % 12.81 % * % Entity A and its subsidiaries * % 28.21 % 40.25 % Government of Jiangshan Town, Laixi District, Qingdao City, Shandong Province, PRC (“Jiangshan Town”) * % * % 35.87 % Jincai, a related party 42.91 % * % * % Yantai Ruineng Eco-Technology, Ltd. (“Ruineng”) 14.94 % * % * % * Less than 10% Ruineng, Jincai, and Liaoning Beifang Environmental Protection Co., Ltd. accounted for 33.81%, 17.21% and 13.71% of the total accounts receivable as of December 31, 2020, respectively. Liaoning Beifang Environmental Protection Co., Ltd, Jiangshan Town, and Changchun Guangtaiyuan Environmental Protection Technology Co., Ltd. accounted for 25.20%, 11.89% and 10.17% of the total accounts receivable as of December 31, 2019, respectively. Suppliers For the years ended December 31, 2020, 2019 and 2018, suppliers accounting for 10% or more of the Company’s purchase were as follows: For the Years Ended December 31, Supplier 2020 2019 2018 Dalian Huarui Heavy Industry Group Limited by Share Ltd. (“Dalian Huarui”) 17.57 % * % * % Entity A and its subsidiaries * % 12.47 % 14.70 % Entity Entity A and Entity C accounted for 19.75% and 10.26% of the total accounts payable as of December 31, 2019, respectively.

Contingencies

Contingencies	12 Months Ended
Contingencies	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	Note 18 – CONTINGENCIES Guarantees The Company provided two guarantees for the loans borrowed by Yantai Runtai Medical Co., Ltd. from Weihai Commercial Bank in the amount of approximately $782,607 (RMB 5,000,000) and $737,800 (RMB 5,000,000) for the period from June 7, 2018 and May 9, 2020 until two years after the due dates of the loans, respectively. The Company provided a guarantee for a loan borrowed by Jincai from Shanghai Pudong Development Bank in the amount of approximately $14,427,932 (RMB 100,000,000) for a period from March 9, 2020 until two years after the due date of the loan. Legal proceedings On August 25, 2020, Qingdao Longde Water Engineering Co. (“Longde”) brought a lawsuit against Jinzheng, alleging for unpaid construction fees in the amount of approximately $2,718,000 (RMB 17,740,000). On October 14, 2020, Longde applied for the property preservation to seal Jinzheng’s matured claims in the amount of approximately $2,718,000 (RMB 17,740,000) and the court granted Longde’s application. The trial was held on April 8, 2021, the verdict hasn’t been concluded yet. Based on the information currently available, the Company was unable to make a reasonable estimate of a liability because of the uncertainty related to the outcome and/or the amount or range of loss. Accordingly, the Company did not accrue any provision for the contingencies as of December 31, 2020. As additional information becomes available or as circumstances change, the Company will adjust its assessment and estimates of such liabilities accordingly. On September 29, 2020, the Company announced that it has entered into an agreement and plan of merger (the “Merger Agreement”) with Crouching Tiger Holding Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (the “Parent”), and Green Forest Holding Limited, a company with limited liability incorporated under the laws of the British Virgin Islands and a wholly-owned subsidiary of the Parent (the “Merger Sub”) in connection with the Company’s going private transaction. On February 22, 2021, the independent committee of the Company received an unsolicited, preliminary, and non-binding acquisition proposal letter from Fulcan Capital Partners LLC, a Nevada limited liability company and an unaffiliated shareholder of the Company (“Fulcan”), to acquire all outstanding ordinary shares of the Company, which is intended to be a competing offer to the proposed going private transaction described above. On March 16, 2021, Fulcan obtained an injunction (the “Injunction Order”) in the BVI Commercial Court (the “BVI Court”). The Court Order was sought by Fulcan following the independent committee’s rejection of Fulcan’s proposal to purchase all outstanding ordinary shares of the Company not owned by Fulcan and an affiliate. The Injunction Order enjoins the Company, its members of the board of the directors, Yuebiao Li, Zhuo Zhang, Hengtong Li, Zhicun Chen, Yan Shen, and Tigerwind Group Limited, a special purpose vehicle wholly owned by Yuebiao Li, (collectively, the “Defendants”) from taking any steps to proceed with the proposed merger transaction contemplated under the Merger Agreement. On April 9, 2021, the Company and the other Defendants filed an application to discharge the Injunction Order (the “Application”). The hearing of the Application is fixed on June 17, 2021. The management of the Company is of the view that the Injunction Order and the claim are groundless and intends to vigorously defend against Fulcan’s claims. The Company expects to prevail on merits but cannot predict with certainty the results of the litigation.

Subsequent Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	Note 19 – SUBSEQUENT EVENTS On January 22, 2021, the Company extended the due date of consignment loan borrowed from Yantai Zhengda City Construction Development Co. of RMB 150,000,000 from January 28, 2021 to July 28, 2021. On February 1, 2021, the Company entered into a loan agreement with Yantai Jinfang Eco-Technology Co., Ltd. to borrow approximately $919,000 (RMB 6,000,000) at interest rate of 13% due in 6 months. On the same date, the Company also entered into a loan agreement with Puhui Eco Technology (Hainan), Inc. to borrow approximately $613,000 (RMB 4,000,000) at interest rate of 13% due in 6 months. On February 1, 2021, the Company established Shandong Jince Eco-Technology Design Institute Co., Ltd., a wholly-owned subsidiary with registered capital of approximately $460,000 (RMB 3,000,000). On February 7, 2021, the Company entered into a loan agreement with Bank of China, Yantai Bonded Port Area Branch, to borrow approximately $1,226,000 (RMB 8,000,000). The loan bears an annual interest rate of 3.75% due in one year and pledged with property owned by Yue Zhang valued at approximately $2,006,000 (RMB 13,100,000). The loan is guaranteed by Yuebiao Li and his wife. On February 9, 2021, the Company entered into a loan agreement with Qingdao Metro Financial Leasing Co., Ltd. to borrow $5,107,000 (RMB 33,340,000) at interest rate of 5.4625%, due in 36 months. The loan is pledged by the production machine owned by Yantai Jinzheng Eco-Technology Co., Ltd. valued at RMB 42,577,245. The loan is guaranteed by Yuebiao Li and his wife as well as Zhuo Zhang and his wife. On March 12, 2021, the Company entered into a loan agreement with Shanghai Pudong Development Bank to borrow approximately $3,064,000 (RMB 20,000,00) at interest rate of 4.35%, due on March 7, 2022. The loan is pledged by plant and buildings owned by Yantai Jinzheng Eco-Technology Co., Ltd. and guaranteed by Yuebiao Li and her husband. On March 22, 2021, the Company entered into a loan agreement with Neimenggu Sude Eco-Technology Co., Ltd., 54.5% owned by Yuebiao Li, to borrow approximately $460,000 (RMB 3,000,000) at interest rate of 4.35% due in one year. The Company repaid loans principals in the total amount of approximately $4,300,000 to Bank of China and China Citic Bank. On February 7, 2021, the Company acquired 100% of the equity interest of Shandong Kasong Construction Engineering Co., Ltd (“Shandong Kasong”) from Weifang Langfeng Information Technology Co., Ltd. Also see Note 18 for information related to the Company’s going private transaction.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
Accounting Policies, by Policy (Policies)	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). This basis of accounting differs in certain material respects from that used for the preparation of the books of Jinzheng and other subsidiaries incorporated in the PRC, which are prepared in accordance with the accounting principles and the relevant financial regulations applicable to enterprises with limited liabilities established in the PRC (“PRC GAAP”), the accounting standards used in the places of their domicile. The accompanying consolidated financial statements reflect necessary adjustments not recorded in the books of Jinzheng and other subsidiaries incorporated in the PRC to present them in conformity with U.S. GAAP. The accompanying consolidated financial statements consolidate the financial statements of Newater Technology, its 100% owned subsidiaries Newater HK and Newater America, Newater HK’s 100% owned subsidiaries Jinzheng and Jinda, and Jinzheng’s 100% owned subsidiaries Jinzheng – Xi’an and Jinyu, 70% owned subsidiary Yantai Nuclear-Power and 51% owned subsidiary Shanghai Lancao. All significant intercompany balances and transactions have been eliminated. The results of subsidiaries acquired or disposed of during the respective periods are included in the consolidated statements of income and comprehensive income from the effective date of acquisition or up to the effective date of disposal, as appropriate.
Foreign Currency Translation	Foreign Currency Translation The accompanying consolidated financial statements are presented in United States dollar (“$”), which is the reporting currency of the Company. The functional currency of Newater Technology, Newater America and Newater HK is United States dollar. The functional currency of Jinzheng, Jinzheng – Xi’an, Jinda, Jinyu, Yantai Nuclear-Power and Shanghai Lancao is Renminbi (“RMB”). For the subsidiaries whose functional currencies are RMB, results of operations and cash flows are translated at average exchange rates during the period, assets and liabilities are translated at the exchange rate at the end of the period, and equity is translated at historical exchange rates. The resulting translation adjustments are included in determining other comprehensive income or loss. Transaction gains and losses are reflected in the consolidated statements of income and comprehensive income.
Reclassification	Reclassification Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications had no impact on net earnings and financial position.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions of future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as operating environment changes. Significant estimates and assumptions by management include, among others, estimated useful lives and impairment of long-lived assets, allowance for credit losses, contingencies and litigation, revenue from project sales recognized over time and provision for income taxes including uncertain tax position. While the Company believes that the estimates and assumptions used in the preparation of the financial statements are appropriate, actual results could differ from those estimates. Estimates and assumptions are periodically reviewed and the effects of revisions are reflected in the financial statements in the period they are determined to be necessary.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand and all other highly liquid instruments with original maturities of three months or less.
Current Expected Credit Losses	Current Expected Credit Losses On January 1, 2020, the Company adopted FASB Accounting Standards Update (ASU) 2016-13 “Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments,” (ASC Topic 326) and its amendments using the modified retrospective approach. As of January 1, 2020, the Company’s accounts receivable, notes receivable and advances to suppliers and other current assets, notes receivable are within the scope of ASC Topic 326. This ASU replaces the incurred loss impairment model with an expected credit loss impairment model for financial instruments. The amendments require entities to consider forward-looking information to estimate expected credit losses, resulting in earlier recognition of losses for receivables that are current or not yet due, which were not considered under the previous accounting guidance. The adoption of this standard did not have a material impact to the Company’s consolidated financial statements, nor did it result in a cumulative effect adjustment as of January 1, 2020. The Company has identified the relevant risk characteristics of its customers and the related receivables, advances to suppliers and other current assets which include type of the products the Company provides or purchased, nature of the customers/suppliers or a combination of these characteristics. Receivables with similar risk characteristics have been grouped into pools. For each pool, the Company considers the historical credit loss experience, current economic conditions, supportable forecasts of future economic conditions, and any recoveries in assessing the lifetime expected credit losses. Other key factors that influence the expected credit loss analysis include customer demographics, payment terms offered in the normal course of business to customers, and industry-specific factors that could impact the Company’s receivables. Additionally, external data and macroeconomic factors are also considered.
Retentions Receivable and Warranty Liability	Retentions Receivable and Warranty Liability Retentions receivable represent the amount withheld by customers until the end of warranty period, usually one to two years from customer acceptance at installation. Accrued warranty expenses are included in accrued expenses and other payables on the accompanying consolidated balance sheets. The movements of accrued warranty expenses for the years ended December 31, 2020 and 2019 are as follows: December 31, December 31, Beginning balance $ 330,626 $ 327,265 Aggregate increase for new warranties issued during current year 304,173 7,608 Effects of foreign exchange rate 22,241 (4,247 ) Ending balance $ 657,040 $ 330,626 Retentions receivable which were expected to be collected within one year of $2,066,111 and $858,902 were included in the balance of accounts receivable, net as of December 31, 2020 and 2019, respectively. Retentions receivable from related parties which were expected to be collected within one year of $70,494 and $273,184 were included in the balance of accounts receivable from related parties, net as of December 31, 2020 and 2019, respectively. Retentions receivable which were expected to be collected after one year of $4,651 and $734,140 were presented as retentions receivable, non-current as of December 31, 2020 and 2019, respectively.
Inventories	Inventories Inventories, consisting of raw materials, work in process and finished goods are stated at the lower of cost or net realizable value utilizing the weighted average method. Cost includes all costs of purchase, cost of conversion and other costs incurred to bring the inventories to their present location and condition. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of completion and the estimated costs necessary to sell. The valuation of inventory requires the Company to estimate excess and slow moving inventories. The Company evaluates the recoverability of the inventory based on expected demand and market conditions.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation and impairment losses. Cost represents the purchase price of the asset and other costs incurred to bring the asset into its existing use. Maintenance, repairs and betterments, including replacement of minor items, are charged to expense; major additions to physical properties are capitalized. Gains and losses on disposal of property, plant and equipment are recognized in the statements of income and comprehensive income based on the net disposal proceeds less the carrying amount of the assets. Depreciation of property, plant and equipment is calculated based on cost, less their estimated residual value, if any, using the straight-line method over their estimated useful lives. Estimated useful lives are as follows: Machinery equipment 10 years Computer software 10 years Kitchen and cookware 5 years Electronic equipment 5 years Office equipment 5 years Motor vehicles 5-10 years Buildings 5-20 years Membrane cushion 3 years Wastewater treatment system, except for membrane cushion 10 years Leasehold improvements The lesser of remaining lease term or 5 years
Land Use Rights	Land Use Rights According to the law of China, the government owns all the land in China. Companies or individuals are authorized to possess and use the land only through land use rights granted by the Chinese government. Land use rights are being amortized using the straight-line method over the estimated useful life of 50 years.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets In accordance with ASC Topic 360, the Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable, or at least annually. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value. There were no impairment charges on long-lived assets for the years ended December 31, 2020, 2019 and 2018.
Long-term Investments	Long-term Investments As of December 31, 2020, the Company’s long-term investments consist of an equity method investment and an equity investment without readily determinable fair value which was accounted for using measurement alternative. Equity Method Investment In accordance with ASC 323, Investments-Equity Method and Joint Ventures, the Company applies the equity method of accounting to equity investments, over which it has significant influence but does not own a majority equity interests or otherwise control. Significant influence is generally considered to exist when the Company has an ownership interest in the voting stock of the investee between 20% and 50%. Under the equity method, the Company initially records its investment at cost and subsequently adjusts the carrying amount of the investment to recognize the Company’s proportionate share of each equity investee’s net income or loss into earnings after the date of investment. If an equity investment no longer qualifies to be accounted for under the equity method due to a decrease in the level of the Company’s ownership, the Company discontinues applying the equity method and uses the previous carrying amount of the investment as the initial basis and stops recording its share of the earnings or losses of its investee on the date of change. The Company continually reviews its investment under equity method to determine whether a decline in fair value to below the carrying value is other-than-temporary. The primary factors in its determination are the duration and severity of the decline in fair value, the financial condition, operating performance and the prospects of the equity investee, and other company specific information such as recent financing rounds. If the decline in fair value is deemed to be other-than-temporary, the carrying value of the equity investee is written down to fair value. The Company makes a qualitative assessment of whether the investments is impaired at each reporting date. Equity Investment Using Measurement Alternative The Company uses the measurement alternative for the investment over which the Company does not have significant influence, and without readily determinable fair value and do not qualify for the net asset value practical expedient in accordance with ASU 2016-01, “Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities”. The Company records the investment at cost, less impairment, and plus or minus subsequent adjustments for observable price changes. Under this measurement alternative, changes in the carrying value of the equity investment are required to be made whenever there are observable price changes in orderly transactions for the identical or similar investment of the same issuer. The Company periodically reviews its equity investment for impairment. At each reporting date, an entity that uses the measurement alternative to measure an equity investment without a readily determinable fair value is required to make a qualitative assessment of whether the investment is impaired. The Company regularly evaluates the impairment of its investment based on performance and financial position of the investee as well as other evidence of market value. Such evaluation includes, but is not limited to, reviewing the investee’s cash position, recent financing, projected and historical financial performance, cash flow forecasts and financing needs. An impairment loss recognized equal to the excess of the investment cost over its fair value at the end of each reporting period for which the assessment is made. The fair value would then become the new cost basis of the investment.
Long-term prepaid expenses	Long-term prepaid expenses Long-term prepaid expenses represent the prepayment for property and equipment and land use rights.
Fair Value of Financial Instruments	Fair Value of Financial Instruments In August 2018, the FASB issued ASU No. 2018-13 “Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement”. This ASU modifies the disclosures related to recurring and nonrecurring fair value measurements. Disclosures related to the transfer of assets between Level 1 and Level 2 hierarchies have been eliminated and various additional disclosures related to Level 3 fair value measurements have been added, modified or removed. The Company adopted this ASU on January 1, 2020 and the adoption did not have a material impact on its consolidated financial statements. For certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, net, notes receivable, inventories, advances to suppliers and other current assets, net, accounts payable, loans due within one year, advances from customers, income tax payables, current portion of operating lease liabilities, current portion of deferred income, and accrued expenses and other payables, the carrying amounts approximate their fair values due to the short maturities. Transactions involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive, free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated. It is not, however, practical to determine the fair value of amounts due from/to related parties due to their related party nature.
Lease Commitments	Lease Commitments On January 1, 2019, the Company adopted ASU 2016-02, Leases (together with all amendments subsequently issued thereto, “ASC Topic 842”), using the modified retrospective method. The Company elected the transition method which allows entities to initially apply the requirements by recognizing a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. As a result of electing this transition method, previously reported financial information has not been restated to reflect the application of the new standard to the comparative periods presented. The Company elected the package of practical expedients permitted under the transition guidance within ASC Topic 842, which among other things, allows the Company to carry forward certain historical conclusions reached under ASC Topic 840 regarding lease identification, classification, and the accounting treatment of initial direct costs. The Company elected not to record assets and liabilities on its consolidated balance sheet for new or existing lease arrangements with terms of 12 months or less. The Company recognizes lease expenses for such leases on a straight-line basis over the lease term. In addition, the Company elected the land easement transition practical expedient and did not reassess whether an existing or expired land easement is a lease or contains a lease if it has not historically been accounted for as a lease. The initial lease liability is equal to the future fixed minimum lease payments discounted using the Company’s incremental borrowing rate, on a secured basis. The lease term includes option renewal periods and early termination payments when it is reasonably certain that the Company will exercise those rights. The initial measurement of the right-of-use asset is equal to the initial lease liability plus any initial direct costs and prepayments, less any lease incentives. Payments made under operating leases are charged to the consolidated statements of income and comprehensive income on a straight-line basis over the lease period. The primary impact of applying ASC Topic 842 is the initial recognition of $156,301 lease liabilities and $146,134 right-of-use assets on the Company’s consolidated balance sheet as of January 1, 2019, for leases classified as operating leases under ASC Topic 840, as well as enhanced disclosure of the Company’s leasing arrangements. There is no cumulative effect to retained earnings or other components of equity recognized as of January 1, 2019 and the adoption of this standard did not impact the consolidated statement of income and comprehensive income or consolidated statement of cash flows of the Company. The Company does not have finance lease arrangements as of December 31, 2020 and 2019.
Earnings per Share	Earnings per Share Basic earnings per common share is computed by dividing net income attributable to common shareholders by the weighted-average number of common shares outstanding during the year. Diluted earnings per share is computed by dividing net income attributable to common stockholders by the sum of the weighted average number of common stock outstanding and dilutive potential common stock during the year. Potentially dilutive common shares consist of common stock warrants using the treasury stock method. Common equivalent shares are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive.
Revenue Recognition	Revenue Recognition The Company derives its revenues from: (1) sale of products such as membrane filtration equipment and related hardware, and integrated wastewater treatment systems (“product revenues”); (2) sale of engineered wastewater treatment system projects (“project revenues”); and (3) providing wastewater treatment services for landfill leachate, industrial park common effluent treatment plants, etc. (“service revenues”). Products Revenue Products Revenue is derived from contracts with customers, which primarily include the sale of membrane filtration systems and parts. The Company’s sales arrangements do not contain variable consideration. The Company recognizes revenue at a point in time based on management’s evaluation of when performance obligations under the terms of a contract with the customer are satisfied and control of the products has been transferred to the customer. For vast majority of the Company’s product sales, the performance obligations and control of the products transfer to the customer when products are delivered and customer acceptance is made. Project Revenue The general contract terms of wastewater treatment system projects include project management, timeframe of the project, payment terms, rights and obligations of parties, acceptance criteria, and liability for breach of contract. The Company considers these promised goods and services as one performance obligation since its customer cannot benefit from a separate promised goods or service until combining them as a bundle of goods and series that is distinct. For most contracts, revenue is recognized when performance obligation under the terms of a contract with the customer are satisfied and control of the products has been transferred to the customer, which normally occurs when (i) customer-issued formal acceptance was obtained or (ii) the Company has demonstrated the equipment meets the agreed-upon criteria per the contract when formal acceptance is not available. For one long-term contract with a related party, which accounted for 53.3% of the total project revenue in the year ended December 31, 2020, revenue is recognized over time as the Company creates an asset based on criteria that are unique to the customer and the Company has a right to payment for performance completed to date. The Company measures progress toward satisfying a performance obligation using a cost to cost method which is based on the costs incurred to total expected costs in satisfying its performance obligation. The cost of uninstalled materials is excluded from measuring progress toward satisfying a performance obligation as Company only provided a procurement service. Contract asset represents revenues recognized in excess of amounts billed on contract in progress. The contract asset related to this long-term contract is included in “advance to suppliers and other current assets – related parties” in the accompanying balance sheets and will be liquidated in the normal course of the contract completion. The contract asset for the years ended December 31, 2020 and 2019 was $1,270,063 and $0, respectively. The Company usually provides free after-sales service under project revenue, which includes warranty, technical support and training, for a period ranging from one to two years based on each contract. The warranty doesn’t constitute a separate performance obligation since it is a standard warranty to assure the project will function as expected. The actual after-sales expense was $315,852, $467,056 and $275,520 for the years ended December 31, 2020, 2019 and 2018, respectively. Service Revenue Service revenue is derived from the contracts with customers where the Company acts as a solution provider and treats wastewater for customers. The general contract terms of wastewater treatment service include operation management, timeframe of the service, pricing and payment terms, rights and obligations of parties, performance test criteria, and liability for breach of contract. The terms of pricing and payment stipulated in the contract are fixed. The terms of pricing and payment stipulated in the contract are fixed. The Company recognizes service revenue as the performance obligations are satisfied over time, specifically, based on the volume of wastewater treated. Revenue consists of the invoiced value for the sales net of value-added tax (“VAT”), business tax, applicable local government levies, rebates, discounts and returns. The Company chooses its customers with scrutiny and keeps record of collection of receivables. Receivables from customers with solid credit records and history are considered probable to be collected. The Company may subcontract the service stipulated in the contracts with customers to subcontractors including related party subcontractors. If the Company is not primarily responsible for fulfilling the promise to provide the service and does not control the service before it is transferred to the customer, it considers itself an agent in the transaction and recognizes service revenue net of subcontract costs. There were no sales returns and allowances for the years ended December 31, 2020, 2019 and 2018. The Company does not provide unconditional right of return, pricing protection or any other concessions to its customers. Revenue Disaggregation In accordance with ASC 606, the Company disaggregates revenue from contracts with customers by revenue stream. The Company determined that disaggregating revenue into these categories meets the disclosure objective in ASC 606 which is to depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by regional economic factors. The following table summarizes the net revenues generated from different revenue streams: For the Years Ended 2020 2019 2018 Products $ 3,455,606 $ 2,152,846 $ 1,387,955 Projects 18,734,444 16,906,709 6,223,293 Services 4,160,493 4,657,423 18,362,715 Net revenues 26,350,543 23,716,978 25,973,963 Products – related parties 2,390,876 796,121 304,938 Projects – related parties 22,417,347 13,060,893 20,761,803 Net revenues from related parties 24,808,223 13,857,014 21,066,741 Total net revenues $ 51,158,766 $ 37,573,992 $ 47,040,704 Contract Liabilities Contract liabilities are recorded when consideration is received from a customer prior to transferring the goods to the customer or other conditions under the terms of a sales contract. As of December 31, 2020 and 2019, the Company recorded contract liabilities of $2,876,306 and $5,522,913, respectively, which was presented as “Advances from customers” in the accompanying consolidated balance sheets. As of December 31, 2020 and 2019, the Company recorded contract liabilities of $23,898 and $7,254,968, respectively, which was presented as “Advances from customers – related parties” in the accompanying consolidated balance sheets. During the years ended December 31, 2020 and 2019, the Company recognized $4,440,704 and $1,464,271, respectively, of contract liabilities included in the opening balances of advance from customers. During the years ended December 31, 2020 and 2019, the Company recognized $7,680,725 and $525,934, respectively, of contract liabilities included in the opening balances of advance from customers – related parties. The amount was included in net revenues from related parties in the accompanying consolidated statements of income and comprehensive income. During the years ended December 31, 2020 and 2019, the Company recognized $0 and $215,307, respectively, of contract liabilities included in the opening balances of advance from customers. The amount was included in other income in the accompanying consolidated statements of income and comprehensive income.
Cost of Revenue and Deferred Cost of Revenue	Cost of Revenue and Deferred Cost of Revenue The Company’s cost of revenues primarily consists of (i) materials and equipment costs, (ii) compensation and related overhead expenses for personnel involved in the customization of its products, delivery, installation and maintenance and services (“compensation and overhead costs”), (iii) contractor costs, and (iii) depreciation of equipment used in operations. For products revenue and projects revenue, all costs associated with the sales are expensed when revenues are recognized. For service revenue, when revenue is recognized over time in accordance with the Company’s revenue recognition policies, total costs are deferred and amortized over the same period that associated service revenue is recognized. The costs incurred but not expensed yet are recognized as “deferred cost of revenue” in the accompanying consolidated balance sheets.
Government Grants	Government Grants Government grants include cash subsidies received from the PRC government. Such subsidies are issued by the local government to encourage innovation, technology development, research and development. The government grant is recognized in the consolidated statements of income and comprehensive income when cash is received and the relevant performance criteria specified are met. In the years ended December 31, 2020, 2019 and 2018, the Company received government grants of approximately $1,942,000, $1,033,000 and $628,000, and recognized approximately $1,985,000, $946,000 and $628,000, in the consolidated statements of income and comprehensive income, respectively.
Research and Development	Research and Development Research and development costs are expensed as incurred. The costs primarily consist of raw materials purchased and consumed in experiments, product testing and other research and development activities and salaries and fees paid for the development and improvement of the Company’s products and systems. Research and development costs for the years ended December 31, 2020, 2019 and 2018 were $2,969,266, $1,826,346 and $2,654,513, respectively.
Selling Expenses	Selling Expenses Selling expenses consist primarily of advertising, salaries, travelling and shipping and handling costs incurred during the selling activities. Advertising and transportation expenses are charged to expense as incurred. Advertising costs in the amounts of $5,875, $57,245 and $6,376 for the years ended December 31, 2020, 2019 and 2018, respectively, are included in selling expenses. The Company elected to account for shipping and handling activities as a fulfillment cost. Shipping and handling costs amounting to $33,125, $87,082 and $35,326 for the years ended December 31, 2020, 2019 and 2018, respectively, are included in selling expenses.
Income Taxes	Income Taxes The Company accounts for income taxes under the provision of FASB ASC 740-10, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.
Comprehensive Income/Loss	Comprehensive Income/Loss ASC 220 “Comprehensive Income” established standards for reporting and display of comprehensive income/loss, its components and accumulated balances. Components of comprehensive income/loss include net income/loss and foreign currency translation adjustments. As of December 31, 2020 and 2019, the only component of accumulated other comprehensive income/loss was foreign currency translation adjustments.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments the Company holds that are subject to concentrations of credit risk are cash and cash equivalents, notes receivable and accounts receivable arising from its normal business activities. The Company places its cash and cash equivalents in what it believes to be credit-worthy financial institutions. The Company routinely assesses the credit status of its customers and, based upon factors surrounding the credit risks, establishes an allowance, if required, for uncollectible accounts. The company believes its notes receivable and accounts receivable credit risk exposure beyond such allowance is limited.
Related Parties Transactions	Related Parties Transactions A related party is generally defined as (i) any person that holds 10% or more of the Company’s securities and their immediate families, (ii) the Company’s management, (iii) someone that directly or indirectly controls, is controlled by or is under common control with the Company, or (iv) anyone who can significantly influence the financial and operating decisions of the Company. A transaction is considered as a related party transaction when there is a transfer of resources or obligations between related parties. Related parties may be individuals or corporate entities.
Segment Reporting	Segment Reporting The Company uses the “management approach” in determining reportable segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The Company’s chief operating decision maker has been identified as the chief executive officer of the Company who reviews financial information of operating segments based on U.S. GAAP. The chief operating decision maker now reviews analysis reports on a customer-by-customer basis. This analysis is only presented at the revenue level with no allocation of direct or indirect costs.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, “Simplifying the Accounting for Income Taxes”. This ASU provides an exception to the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. This update also (1) requires an entity to recognize a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, (2) requires an entity to evaluate when a step-up in the tax basis of goodwill should be considered part of the business combination in which goodwill was originally recognized for accounting purposes and when it should be considered a separate transaction, and (3) requires that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The standard is effective for the Company for fiscal years beginning after December 15, 2020, with early adoption permitted. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, “Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815”, which clarifies the interaction of the accounting for equity investments under Topic 321 and investments accounted for under the equity method of accounting in Topic 323 and the accounting for certain forward contracts and purchased options accounted for under Topic 815. The standard is effective for public business entities for fiscal years beginning after December 15, 2020 and for interim periods within those fiscal years. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Dec. 31, 2020
Accounting Policies [Abstract]
Schedule of accrued warranty expenses	December 31, December 31, Beginning balance $ 330,626 $ 327,265 Aggregate increase for new warranties issued during current year 304,173 7,608 Effects of foreign exchange rate 22,241 (4,247 ) Ending balance $ 657,040 $ 330,626
Summary of depreciation of property, plant and equipment	Machinery equipment 10 years Computer software 10 years Kitchen and cookware 5 years Electronic equipment 5 years Office equipment 5 years Motor vehicles 5-10 years Buildings 5-20 years Membrane cushion 3 years Wastewater treatment system, except for membrane cushion 10 years Leasehold improvements The lesser of remaining lease term or 5 years
Schedule of segmental and revenue analysis	For the Years Ended 2020 2019 2018 Products $ 3,455,606 $ 2,152,846 $ 1,387,955 Projects 18,734,444 16,906,709 6,223,293 Services 4,160,493 4,657,423 18,362,715 Net revenues 26,350,543 23,716,978 25,973,963 Products – related parties 2,390,876 796,121 304,938 Projects – related parties 22,417,347 13,060,893 20,761,803 Net revenues from related parties 24,808,223 13,857,014 21,066,741 Total net revenues $ 51,158,766 $ 37,573,992 $ 47,040,704

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
Accounts Receivable, Net (Tables)	Dec. 31, 2020
Receivables [Abstract]
Schedule of net book value of accounts receivable	December 31, December 31, Accounts receivable $ 19,760,422 $ 11,895,600 Less: Allowance for credit losses (1,721,840 ) (601,975 ) Accounts receivable, net $ 18,038,582 $ 11,293,625
Schedule of movement allowance for doubtful accounts	December 31, December 31, Beginning balance $ 601,975 $ 470,648 Provisions 1,079,371 137,435 Effects of foreign exchange rate 40,494 (6,108 ) Ending balance $ 1,721,840 $ 601,975

Inventories (Tables)

Inventories (Tables)	12 Months Ended
Inventories (Tables)	Dec. 31, 2020
Inventory Disclosure [Abstract]
Schedule of inventories	December 31, December 31, Raw materials $ 6,810,216 $ 4,828,273 Work in process 14,772,318 8,742,220 Finished goods 154,622 144,876 21,737,156 13,715,369 Less: write-down of inventories - - Inventories $ 21,737,156 $ 13,715,369

Advances to Suppliers and Oth_2

Advances to Suppliers and Other Current Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Advances To Suppliers And Other Current Assets Net [Abstract]
Schedule of advances to suppliers and other current assets	December 31, December 31, 2020 2019 VAT-input $ 31,701 $ 69,388 Deposits 321,834 294,242 Prepaid expense 53,986 833,211 Others 459,374 72,450 Total other current assets 866,895 1,269,291 Advances to suppliers 5,571,690 3,776,962 Total 6,438,585 5,046,253 Less: allowance for credit losses (241,891 ) (530,818 ) Advances to suppliers and other current assets, net $ 6,196,694 $ 4,515,435
Schedule of movement of allowance for doubtful accounts	December 31, December 31, 2020 2019 Beginning balance $ 530,818 $ 60,277 Provisions - 479,071 Write-off (237,114 ) (7,748 ) Effects of foreign exchange rate (51,813 ) (782 ) Ending balance 241,891 530,818

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	12 Months Ended
Property, Plant and Equipment, Net (Tables)	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	December 31, December 31, 2020 2019 Machinery equipment $ 10,090,267 $ 9,860,468 Electronic equipment 357,035 245,366 Office equipment 235,290 289,473 Motor vehicles 1,813,319 1,057,208 Buildings 11,339,637 10,666,163 Computer software 229,876 108,105 Kitchen and cookware 116,685 111,010 Construction in progress 450,035 465,217 Leasehold improvements 79,791 74,762 Membrane cushion 82,526 390,660 Wastewater treatment system, except for membrane cushion 1,091,201 3,348,847 Total property, plant and equipment 25,885,662 26,617,279 Less: accumulated depreciation (3,346,998 ) (2,005,417 ) Property, plant and equipment, net $ 22,538,664 $ 24,611,862

Land Use Rights, Net (Tables)

Land Use Rights, Net (Tables)	12 Months Ended
Land Use Rights, Net (Tables)	Dec. 31, 2020
Land Use Rights Net [Abstract]
Schedule of land use rights	December 31, December 31, Cost $ 2,304,068 $ 2,158,848 Less: accumulated amortization (210,195 ) (150,752 ) Land use rights, net $ 2,093,873 $ 2,008,096

Deferred Tax Liabilities, Net (

Deferred Tax Liabilities, Net (Tables)	12 Months Ended
Deferred Tax Liabilities, Net (Tables)	Dec. 31, 2020
Deferred Tax Liabilities, Net [Abstract]
Schedule of the deferred tax assets, net	December 31, December 31, Deferred tax liabilities, non-current Unpaid accrued expenses $ 72,834 $ 56,262 Warranty 98,847 49,594 Allowance for credit losses 357,080 263,566 Others (603,965 ) (658,109 ) Deferred tax liabilities, non-current (75,204 ) (288,687 ) Less: valuation allowance - - Total deferred tax liabilities, non-current $ (75,204 ) $ (288,687 )

Loans (Tables)

Loans (Tables)	12 Months Ended
Loans (Tables)	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of loans	December 31, December 31, Industrial and Commercial Bank of China, Yantai Economic Development Zone Branch $ - $ 3,014,296 Bank of China, Yantai Bonded Port Area Branch 1,225,547 1,148,303 China Citic Bank, Yantai Branch 3,063,866 - Agricultural Bank of China, Yantai Laishan Branch - 1,291,841 Postal Savings Bank of China, Yantai Laishan Branch - 2,066,946 Qingdao Yikou Industrial Automation Equipment Co., Ltd. - 83,252 Yantai Zhengda City Construction Development Co. 22,978,997 - Total short-term loans 27,268,410 7,604,638 Qingdao Metro Finance Leasing Co., Ltd. - 4,306,138 ZGC Sci-Tech Leasing Co., Ltd - 1,436,251 Total loans 27,268,410 13,347,027 Less: short-term loans and current portion of long-term loans 27,268,410 11,809,449 Less: unamortized debt issuance costs - 160,361 Long-term loans - due over one year $ - $ 1,377,217

Operating Lease (Tables)

Operating Lease (Tables)	12 Months Ended
Operating Lease (Tables)	Dec. 31, 2020
Disclosure Text Block [Abstract]
Schedule of maturity of operating lease liabilities	2021 $ 38,299 2022 38,298 Thereafter - Total 76,597 Less: imputed interest 3,574 Total lease liabilities $ 73,023

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
Related Party Transactions (Tables)	Dec. 31, 2020
Related Party Transactions [Abstract]
Schedule of related parties	Name of Related Party Nature of Relationship Yuebiao Li Principal shareholder, Chairman of the Board and Chief Executive Officer (“CEO”) Zhuo Zhang Principal shareholder, Director, Chief Financial Officer (“CFO”) Yue Zhang Principal shareholder, Zhuo Zhang’s sister Xiaojun Chen Husband of Zhuo Zhang Heilongjiang Binteer Environmental Protection Equipment Manufacturing Co., Ltd. (“Heilongjiang Binteer”) Established by Yuebiao Li, in May 2014, Mr. Li transferred his 60% equity interest to his brother, Yuefeng Li. Yuefeng Li then transferred his 60% equity interest to a third party individual for zero consideration in March 2016. Significantly influenced by the Company. Yantai Hengqingyuan Eco- Technology Co., Ltd. (“Hengqingyuan”) Jinzheng holds 20% equity interest. Yantai Jincai Eco-Technology Co., Ltd. (“Jincai”) Jinzheng holds 10% equity interest. Entity A and its subsidiaries Entity A is 45% owned by Entity D Entity B Significantly influenced by the Company Entity C Significantly influenced by the Company Entity D and its subsidiaries Significantly influenced by the Company Sude (Dalate) Environmental Protection Technology Co., Ltd. (“Sude”) Yuebiao Li is the legal person.
Schedule of net revenues from related parties	For the Years Ended December 31, 2020 2019 2018 SALES TO: Heilongjiang Binteer $ - $ 6,792 $ - Hengqingyuan - 1,921,811 - Jincai 22,096,716 - - Entity A and its subsidiaries 373,514 11,030,663 20,750,159 Entity B - - 107,894 Entity D’s subsidiary 773,312 897,748 208,688 Sude 1,564,681 - - Total net revenues from related parties $ 24,808,223 $ 13,857,014 $ 21,066,741 PURCHASE FROM: Entity D’s subsidiary $ 1,101,751 $ 2,112,484 $ 1,592,537 Total purchase from related party $ 1,101,751 $ 2,112,484 $ 1,592,537 WASTEWATER TREATMENT SERVICE PROVIDED BY: Entity C $ - $ 2,536,720 $ 5,279,255 Entity A and its subsidiaries 4,700,387 7,521,286 5,918,396 Entity D’s subsidiary 2,485,675 2,182,473 291,150 Total wastewater treatment service provided by related parties $ 7,186,062 $ 12,240,479 $ 11,488,801 COST OF REVENUES FROM: Entity C $ - $ - $ 4,296,375 Entity D’s subsidiary 706,401 1,450,627 1,372,877 Total cost of revenues from related parties: $ 706,401 $ 1,450,627 $ 5,669,252
Schedule of accounts receivable from related parties	For the Years Ended ACCOUNTS RECEIVABLE FROM RELATED PARTIES 2020 2019 Entity A and its subsidiaries $ 377,154 $ 1,460,103 Jincai 4,677,921 - Entity B 666,307 624,312 Entity D’s subsidiary 1,882,205 931,984 Sude 1,868,958 - Accounts receivable from related parties 9,472,545 3,016,399 Less: allowance for credit losses (666,307 ) (624,312 ) Accounts receivable - related parties, net $ 8,806,238 $ 2,392,087 MOVEMENT OF ALLOWANCE FOR CREDIT LOSSES FOR ACCOUNTS RECEIVABLE FROM RELATED PARTIES: Beginning balance $ 624,312 $ - Provisions - 624,312 Write-off - - Effect of foreign exchange rate 41,995 - Ending balance $ 666,307 $ 624,312 ADVANCES FROM CUSTOMERS - RELATED PARTIES Entity A and its subsidiaries $ - $ 72,904 Heilongjiang Binteer 23,898 5,167 Jincai - 7,176,897 Advances from customers – related parties $ 23,898 $ 7,254,968 ACCOUNTS PAYABLE - RELATED PARTIES Entity C $ - $ 1,318,692 Entity A and its subsidiaries 3,100,923 2,537,333 Entity D’ subsidiaries - 1,368,979 Accounts payable – related parties $ 3,100,923 $ 5,225,004 ADVANCE TO SUPPLIERS AND OTHER CURRENT ASSETS – RELATED PARTIES Advance to Suppliers Entity D’s subsidiaries $ 408,399 $ - Contract Asset Jincai $ 1,270,063 $ - Advance to suppliers and other current assets – related parties $ 1,678,462 $ -
Schedule of cost of revenues from related parties	For the Years Ended 2020 2019 Yuebiao Li $ 2,297,900 $ - Jincai 3,487,145 - Total $ 5,785,045 $ -

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes	For the Years Ended 2020 2019 2018 Current $ 1,751,750 $ 571,198 $ 1,775,477 Deferred (766,497 ) 892,547 (118,198 ) Total $ 985,253 $ 1,463,745 $ 1,657,279
Schedule of reconciliations statutory income tax rate	For the Years Ended 2020 2019 2018 HK statutory income tax rate 8.25 % 8.25 % 8.25 % Valuation allowance recognized with respect to the loss in the HK company (8.25 )% (8.25 )% (8.25 )% PRC statutory income tax rate 25.00 % 25.00 % 25.00 % Effect of income tax exemptions and reliefs (7.46 )% (6.91 )% (8.53 )% Effect of additional deduction allowed for R&D expense (7.20 )% (5.31 )% (4.39 )% Effect of expenses not deductible for tax purposes 6.06 % 4.67 % 1.44 % Others (1.35 )% 7.89 % - Total 16.40 % 25.34 % 13.52 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
Earnings Per Share (Tables)	Dec. 31, 2020
Earnings Per Share [Abstract]
Schedule of reconciliation of basic and diluted net income per share	For the Years Ended 2020 2019 2018 Net income available to common shareholders for basic and diluted net income per common share $ 5,562,761 $ 4,311,547 $ 7,211,429 Weighted average common shares outstanding – basic 10,809,000 10,809,000 10,809,000 Effect of dilutive securities: Warrants issued to third party - - - Weighted average common shares outstanding – diluted 10,809,000 10,809,000 10,809,000 Net income per common share – basic $ 0.51 $ 0.40 $ 0.67 Net income per common share – diluted $ 0.51 $ 0.40 $ 0.67

Concentrations of Credit Risk_2

Concentrations of Credit Risk and Major Customers and Suppliers (Tables)	12 Months Ended
	Dec. 31, 2020
Customer Concentration Risk [Member]
Concentrations of Credit Risk and Major Customers and Suppliers (Tables) [Line Items]
Schedules of concentrations of credit risk	For the Years Ended Customer 2020 2019 2018 Everbright Environmental Energy (Jinan) Co., Ltd. * % 12.81 % * % Entity A and its subsidiaries * % 28.21 % 40.25 % Government of Jiangshan Town, Laixi District, Qingdao City, Shandong Province, PRC (“Jiangshan Town”) * % * % 35.87 % Jincai, a related party 42.91 % * % * % Yantai Ruineng Eco-Technology, Ltd. (“Ruineng”) 14.94 % * % * % * Less than 10%
Supplier Concentration Risk [Member]
Concentrations of Credit Risk and Major Customers and Suppliers (Tables) [Line Items]
Schedules of concentrations of credit risk	For the Years Ended December 31, Supplier 2020 2019 2018 Dalian Huarui Heavy Industry Group Limited by Share Ltd. (“Dalian Huarui”) 17.57 % * % * % Entity A and its subsidiaries * % 12.47 % 14.70 %

Organization (Details)

Organization (Details)	Jul. 05, 2019USD ($)	Jul. 05, 2019CNY (¥)	Jul. 31, 2020USD ($)	Jul. 31, 2020CNY (¥)	Jul. 17, 2020	Feb. 05, 2016	Jan. 25, 2016
Organization (Details) [Line Items]
Investment amount			$ 781,000	¥ 5,100,000
Equity interest rate					51.00%
Yantai Jinzheng Eco Technology Co Ltd [Member]
Organization (Details) [Line Items]
Equity interest percentage						100.00%	100.00%
Yantai nuclear power R & D Center Water Treatment Research Institute Co., Ltd [Member]
Organization (Details) [Line Items]
Equity interest percentage	70.00%	70.00%
Business combination, consideration transferred	$ 300,000	¥ 2,000,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Jan. 02, 2019
Summary of Significant Accounting Policies (Details) [Line Items]
Summary of significant accounting policies, description	The accompanying consolidated financial statements consolidate the financial statements of Newater Technology, its 100% owned subsidiaries Newater HK and Newater America, Newater HK’s 100% owned subsidiaries Jinzheng and Jinda, and Jinzheng’s 100% owned subsidiaries Jinzheng – Xi’an and Jinyu, 70% owned subsidiary Yantai Nuclear-Power and 51% owned subsidiary Shanghai Lancao. All significant intercompany balances and transactions have been eliminated.
Land use rights estimated useful life	50 years
Ownership percentage	20.00%
Voting stock percentage	50.00%
Lease liabilities				$ 156,301
Right of use assets				$ 146,134
Accounted project revenues percentage	53.30%
Contract liabilities, description	$1,270,063	$0
Sales expense	$ 315,852	$ 467,056	$ 275,520
Advances from customers	2,876,306	5,522,913
Advances from customers - related parties	23,898	7,254,968
Contract liabilities included opening balance	0	215,307
Grants receivable	1,942,000	1,033,000	628,000
Government grants	1,985,000	946,000	628,000
Research and development costs	2,969,266	1,826,346	2,654,513
Advertising cost	5,875	57,245	6,376
Shipping and handling costs amount	$ 33,125	87,082	$ 35,326
securities percentage	10.00%
Minimum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Technical support and training for period	1 year
Maximum [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Technical support and training for period	2 years
Advances from Customers [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Contract liabilities included opening balance	$ 4,440,704	1,464,271
Advances from Customers – Related Parties [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Contract liabilities included opening balance	$ 7,680,725	$ 525,934

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Schedule of accrued warranty expenses - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of accrued warranty expenses [Abstract]
Beginning balance	$ 330,626	$ 327,265
Aggregate increase for new warranties issued during current year	304,173	7,608
Effects of foreign exchange rate	22,241	(4,247)
Ending balance	$ 657,040	$ 330,626

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment	12 Months Ended
	Dec. 31, 2020
Machinery equipment [Member]
Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment [Line Items]
Property plant and equipment, useful life	10 years
Computer software [Member]
Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment [Line Items]
Property plant and equipment, useful life	10 years
Kitchen and cookware [Member]
Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment [Line Items]
Property plant and equipment, useful life	5 years
Electronic equipment [Member]
Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment [Line Items]
Property plant and equipment, useful life	5 years
Office equipment [Member]
Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment [Line Items]
Property plant and equipment, useful life	5 years
Motor vehicles [Member] \| Minimum [Member]
Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment [Line Items]
Property plant and equipment, useful life	5 years
Motor vehicles [Member] \| Maximum [Member]
Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment [Line Items]
Property plant and equipment, useful life	10 years
Buildings [Member] \| Minimum [Member]
Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment [Line Items]
Property plant and equipment, useful life	5 years
Buildings [Member] \| Maximum [Member]
Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment [Line Items]
Property plant and equipment, useful life	20 years
Membrane cushion [Member]
Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment [Line Items]
Property plant and equipment, useful life	3 years
Wastewater treatment system, except for membrane cushion [Member]
Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment [Line Items]
Property plant and equipment, useful life	10 years
Leasehold improvements [Member]
Summary of Significant Accounting Policies (Details) - Summary of depreciation of property, plant and equipment [Line Items]
Property plant and equipment, useful life	5 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details) - Schedule of segmental and revenue analysis - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net revenues	$ 26,350,543	$ 23,716,978	$ 25,973,963
Net revenues from related parties	24,808,223	13,857,014	21,066,741
Total net revenues	51,158,766	37,573,992	47,040,704
Products [Member]
Segment Reporting Information [Line Items]
Net revenues	3,455,606	2,152,846	1,387,955
Projects [Member]
Segment Reporting Information [Line Items]
Net revenues	18,734,444	16,906,709	6,223,293
Services [Member]
Segment Reporting Information [Line Items]
Net revenues	4,160,493	4,657,423	18,362,715
Products – related parties [Member]
Segment Reporting Information [Line Items]
Net revenues	2,390,876	796,121	304,938
Projects – related parties [Member]
Segment Reporting Information [Line Items]
Net revenues	$ 22,417,347	$ 13,060,893	$ 20,761,803

Restricted Cash (Details)

Restricted Cash (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Restricted Cash (Details) [Line Items]
Restricted cash	$ 0	$ 4,021,177
Cash deposits		33,148
Initial public offering, and certificate of deposits		3,500,000
Industrial and Commercial Bank of China [Member]
Restricted Cash (Details) [Line Items]
Short-term loan		2,961,307
Suppliers [Member]
Restricted Cash (Details) [Line Items]
Restricted cash		$ 488,029

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Details) - Schedule of net book value of accounts receivable - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Schedule of net book value of accounts receivable [Abstract]
Accounts receivable	$ 19,760,422	$ 11,895,600
Less: Allowance for doubtful accounts	(1,721,840)	(601,975)
Accounts receivable, net	$ 18,038,582	$ 11,293,625

Accounts Receivable, Net (Det_2

Accounts Receivable, Net (Details) - Schedule of movement allowance for doubtful accounts - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of movement allowance for doubtful accounts [Abstract]
Beginning balance	$ 601,975	$ 470,648
Provisions	1,079,371	137,435
Effects of foreign exchange rate	40,494	(6,108)
Ending balance	$ 1,721,840	$ 601,975

Inventories (Details)

Inventories (Details) - USD ($)	12 Months Ended
Inventories (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Inventories amount	$ 548,058	$ 2,791,339	$ 1,566,314

Inventories (Details) - Schedul

Inventories (Details) - Schedule of inventories - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Schedule of inventories [Abstract]
Raw materials	$ 6,810,216	$ 4,828,273
Work in process	14,772,318	8,742,220
Finished goods	154,622	144,876
Inventories, gross	21,737,156	13,715,369
Less: write-down of inventories
Inventories	$ 21,737,156	$ 13,715,369

Advances to Suppliers and Oth_3

Advances to Suppliers and Other Current Assets, Net (Details) - Schedule of advances to suppliers and other current assets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Schedule of advances to suppliers and other current assets [Abstract]
VAT-input	$ 31,701	$ 69,388
Deposits	321,834	294,242
Prepaid expense	53,986	833,211
Others	459,374	72,450
Total other current assets	866,895	1,269,291
Advances to suppliers	5,571,690	3,776,962
Total	6,438,585	5,046,253
Less: allowance for credit losses	(241,891)	(530,818)
Advances to suppliers and other current assets, net	$ 6,196,694	$ 4,515,435

Advances to Suppliers and Oth_4

Advances to Suppliers and Other Current Assets, Net (Details) - Schedule of movement of allowance for doubtful accounts - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of movement of allowance for doubtful accounts [Abstract]
Beginning balance	$ 530,818	$ 60,277
Provisions		479,071
Write-off	(237,114)	(7,748)
Effects of foreign exchange rate	(51,813)	(782)
Ending balance	$ 241,891	$ 530,818

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($)	12 Months Ended
Property, Plant and Equipment, Net (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Property, plant and equipment	$ 158,806	$ 2,980,582	$ 2,636,770
Depreciation expense	$ 2,116,121	$ 1,505,747	$ 512,333

Property, Plant and Equipment_4

Property, Plant and Equipment, Net (Details) - Schedule of property, plant and equipment - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 25,885,662	$ 26,617,279
Less: accumulated depreciation	(3,346,998)	(2,005,417)
Property, plant and equipment, net	22,538,664	24,611,862
Machinery equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	10,090,267	9,860,468
Electronic equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	357,035	245,366
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	235,290	289,473
Motor vehicles [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	1,813,319	1,057,208
Buildings [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	11,339,637	10,666,163
Computer software [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	229,876	108,105
Kitchen and cookware [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	116,685	111,010
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	450,035	465,217
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	79,791	74,762
Membrane cushion [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	82,526	390,660
Wastewater treatment system, except for membrane cushion [Member]
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 1,091,201	$ 3,348,847

Land Use Rights, Net (Details)

Land Use Rights, Net (Details) - USD ($)	12 Months Ended
Land Use Rights, Net (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Land Use Rights Net [Abstract]
Amortization of Intangible Assets	$ 43,594	$ 43,549	$ 45,994

Land Use Rights, Net (Details)

Land Use Rights, Net (Details) - Schedule of land use rights - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Schedule of land use rights [Abstract]
Cost	$ 2,304,068	$ 2,158,848
Less: accumulated amortization	(210,195)	(150,752)
Land use rights, net	$ 2,093,873	$ 2,008,096

Long-Term Investments (Details)

Long-Term Investments (Details)	1 Months Ended	12 Months Ended
Long-Term Investments (Details)	Nov. 25, 2020USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Nov. 25, 2020CNY (¥)	Mar. 20, 2020USD ($)	Mar. 20, 2020CNY (¥)	Jan. 02, 2020USD ($)	Jan. 02, 2020CNY (¥)	Dec. 31, 2019CNY (¥)	Aug. 02, 2019USD ($)	Aug. 02, 2019CNY (¥)
Yantai Hengqingyuan Eco-Technology Co., Ltd. [Member]
Long-Term Investments (Details) [Line Items]
Investments										$ 144,000	¥ 1,000,000
Hengqingyuan [Member]
Long-Term Investments (Details) [Line Items]
Equity interest, percentage										20.00%	20.00%
Yantai Guotai Investment Co., Ltd., [Member]
Long-Term Investments (Details) [Line Items]
Equity interest, percentage										80.00%	80.00%
Net loss		$ 32,082	$ 17,023
Jincai [Member]
Long-Term Investments (Details) [Line Items]
Investments	$ 214,000		$ 2,870,000	¥ 1,479,704	$ 14,100,000	¥ 100,000,000	$ 2,873,000	¥ 20,000,000	¥ 20,000,000
Equity interest, percentage			40.00%		5.43%	5.43%			40.00%
Interest transfer, description	The difference between the consideration received and the carrying amount of the 30% equity interest was recorded as a gain from disposal of equity investment of approximately $1,677,000 (RMB 10,948,120) in the consolidated statements of income and comprehensive income.
Jincai [Member] \| Equity Investment [Member]
Long-Term Investments (Details) [Line Items]
Investments	$ 1,901,000			¥ 13,117,789
Equity interest, percentage	40.00%			40.00%
Jincai [Member] \| Equity Investment Using Measurement Alternative [Member]
Long-Term Investments (Details) [Line Items]
Investments	$ 3,891,000			¥ 25,402,506
Caijin [Member]
Long-Term Investments (Details) [Line Items]
Equity interest, percentage			60.00%						60.00%
Zhengcaiqingyuan [Member]
Long-Term Investments (Details) [Line Items]
Investments	$ 4,561,000			¥ 30,000,000
Equity interest, percentage	30.00%			30.00%
Interest	10.00%			10.00%

Deferred Tax Liabilities, Net_2

Deferred Tax Liabilities, Net (Details) - Schedule of the deferred tax liabilities - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deferred tax liabilities, non-current
Unpaid accrued expenses	$ 72,834	$ 56,262
Warranty	98,847	49,594
Allowance for doubtful accounts	357,080	263,566
Others	(603,965)	(658,109)
Deferred tax liabilities, non-current	(75,204)	(288,687)
Less: valuation allowance
Deferred tax liabilities, non-current	$ (75,204)	$ (288,687)

Loans (Details)

Dec. 09, 2019

Sep. 11, 2019

Jul. 29, 2020

Mar. 24, 2020

Feb. 14, 2020

Sep. 16, 2019

Mar. 29, 2019

Apr. 28, 2018

Dec. 31, 2020USD ($)

Dec. 31, 2019USD ($)

Dec. 31, 2020CNY (¥)

Mar. 20, 2019

Oct. 29, 2018USD ($)

Oct. 29, 2018CNY (¥)

Nov. 01, 2017USD ($)

Nov. 01, 2017CNY (¥)

Loans (Details) [Line Items]

Short term borrowing amount

$ 27,268,410

$ 11,809,449

Interest rate description

On February 14, 2020, the Company paid off the loan in full and on February 18, 2020, the Company entered into a loan agreement with the same principal amount and extended the maturity to February 18, 2021 with an annual interest rate of 4.350%.

Short term loan, description

the Company entered into a loan agreement to borrow approximately $2,068,000 (RMB 14,400,000) from China Post Savings Bank, Yantai Laishan Branch, for the period from September 11, 2019 to September 10, 2020 with an annual interest rate of 4.785%. The loan is guaranteed by Yuebiao Li, and pledged by the No. 3 office building located at 1 Ruida Road, Yantai City, Shandong Province and the Company’s gatehouse. The Company paid off this loan in full as of December 31, 2020.

the Company entered into a loan agreement to borrow approximately $21,433,164 (RMB150,000,000) from Yantai Zhengda City Construction Development Co. for the period from July 29, 2020 to July 28, 2021 with an annual interest rate of 11%. The loan is pledged by 60,000,000 stock shares of Jinzheng Eco-Technology Co., Ltd. owned by Newater HK.

the Company entered into a loan agreement to borrow approximately $1,292,000 (RMB 9,000,000) from Agricultural Bank of China, Yantai Laishan Branch, for the period from September 16, 2019 to August 27, 2020 with an annual interest rate of 4.785%. The loan is guaranteed by Yuebiao Li and Zhuo Zhang, the Chief Financial Officer and principal shareholder, and pledged by the Company’s Plant 1 factory located at 1 Ruida Road, Yantai City, Shandong Province and the Company’s gatehouse. The Company paid off this loan in full as of December 31, 2020. On September 11, 2019, the Company entered into a loan agreement to borrow approximately $2,068,000 (RMB 14,400,000) from China Post Savings Bank, Yantai Laishan Branch, for the period from September 11, 2019 to September 10, 2020 with an annual interest rate of 4.785%. The loan is guaranteed by Yuebiao Li, and pledged by the No. 3 office building located at 1 Ruida Road, Yantai City, Shandong Province and the Company’s gatehouse. The Company paid off this loan in full as of December 31, 2020.

the Company obtained a loan from ZGC Sci-Tech Leasing Co., Ltd. in the amount of approximately $1,936,000 (RMB 13,000,000). The loan bears an annual interest rate of 7.20% payable quarterly and is due in 36 months. The loan is pledged by the Company’s wastewater treatment equipment with the original cost of approximately $2,510,000 (RMB 17,486,660) and the accounts receivable from two wastewater treatment projects. The loan is further guaranteed by Yuebiao Li and Zhuo Zhang. The Company paid a security deposit approximately $193,122 (RMB1,300,000) and debt issuance costs of approximately $69,524 (RMB468,000) in cash. As of December 31, 2019, current portion of the loan totaled $611,364 (RMB 4,259,253) and the long-term portion totaled $824,886 (RMB 5,746,819).

the Company obtained a loan from Qingdao Metro Leasing Co., Ltd. (“Qingdao Metro Loan I”) in the amount of approximately $4,736,979 (RMB 30,000,000). The loan bears an annual interest rate of 6.00% payable quarterly and is due in 36 months. The loan is guaranteed by Yuebiao Li and his wife, Zhuo Zhang and her husband and pledged by the Company’s equipment with the original cost of approximately $6,019,799 (RMB 38,124,292). The loan is also pledged by the 30% equity ownership of Jinzheng owned by Newater HK. The Company paid a security deposit of approximately $473,698 (RMB 3,000,000) and debt issuance costs of approximately $284,219 (RMB 1,800,000) in cash. On January 15, 2019, the Company obtained another two-year loan from Qingdao Metro Leasing Co., Ltd (“Qingdao Metro Loan II”) in the amount of $4,440,245 (RMB30,000,000). The loan is guaranteed by Yuebiao Li and his wife, Zhuo Zhang and her husband and pledged by the Company’s equipment with the original cost of approximately $5,808,000 (RMB40,460,000) and accounts receivable from a customer. In addition, the loan is also pledged by the 30% equity ownership of Jinzheng owned by Newater HK. The Company paid a security deposit of approximately $310,817 (RMB 2,100,000) and debt issuance costs of approximately $266,415 (RMB 1,800,000) in cash As of December 31, 2019, current portion of Qingdao Metro Loan I and Qingdao Metro Loan II totaled $3,593,445 (RMB25,034,817) and the long-term portion totaled $712,692 (RMB4,965,183). The balance was presented in the balance of the accompanying consolidated balance sheet, including $122,280 (RMB851,900) of unamortized debt issuance costs which was included in the balance of loans due over one year in the accompanying consolidated balance sheet. As of December 31, 2020, the Company paid the loan in full and received the deposits on these loan agreement in full. On March 29, 2019, the Company obtained a loan from ZGC Sci-Tech Leasing Co., Ltd.

On September 30, 2019 and December 9, 2019, the Company entered into two loan agreements to borrow approximately $1,824,459 (RMB13,000,000) and $1,136,846 (RMB8,000,000) from Industrial and Commercial Bank of China, Yantai Economic Development Zone Branch, for the period from September 30, 2019 to September 29, 2020, and December 9, 2019 to December 10, 2020, respectively.

Unamortized debt issuance costs

$ 38,081

¥ 265,303

Interest cost

$ 1,757,396

1,087,051

Interest cost

1,430,295

Construction in progress

$ 343,244

Yantai Bonded Port Area Branch [Member]

Loans (Details) [Line Items]

Short term borrowing amount

$ 1,148,000

¥ 8,000,000

$ 1,230,000

¥ 8,000,000

Annual interest rate

4.86%

5.873%

Yantai Economic Development Zone Branch [Member]

Loans (Details) [Line Items]

Short term loan, description

These two loans bear annual interest rates of 4.350% and 4.785%, respectively, and are pledged with certificates of deposit in the total amount of $3,500,000 using the funds from the IPO of Newater HK. The Company paid off these two loans in full as of December 31, 2020. The amount of the certificates of deposit were included in restricted cash as of December 31, 2019 and expired as of December 31, 2020.

China Citic Bank – Yantai Branch [Member]

Loans (Details) [Line Items]

Short term loan, description

the Company entered into a loan agreement to borrow approximately $2,829,054 (RMB20,000,000) from China Citic Bank, Yantai Branch for the period from March 24, 2020 to March 23, 2021 with an annual interest rate of approximately 4.8025%. The loan is guaranteed by Yuebiao Li and his wife, and pledged by the No. 2 factory located at 1 Ruida road, Yantai City, Shandong Province.

Loans (Details) - Schedule of l

Loans (Details) - Schedule of loans	Feb. 07, 2021USD ($)	Feb. 07, 2021CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Short-term Debt [Line Items]
Total short-term loans			$ 27,268,410	$ 7,604,638
Total loans			27,268,410	13,347,027
Less: short-term loans and current portion of long-term loans			27,268,410	11,809,449
Less: unamortized debt issuance costs				160,361
Long term loans - due over one year	$ 2,006,000	¥ 13,100,000		1,377,217
Industrial and Commercial Bank of China, Yantai Economic Development Zone Branch []Member
Short-term Debt [Line Items]
Total short-term loans				3,014,296
Bank of China, Yantai Bonded Port Area Branch [Member]
Short-term Debt [Line Items]
Total short-term loans			1,225,547	1,148,303
China Citic Bank, Yantai Branch [Member]
Short-term Debt [Line Items]
Total short-term loans			3,063,866
Agricultural Bank of China, Yantai Laishan Branch [Member]
Short-term Debt [Line Items]
Total short-term loans				1,291,841
Postal Savings Bank of China, Yantai Laishan Branch [Member]
Short-term Debt [Line Items]
Total short-term loans				2,066,946
Qingdao Yikou Industrial Automation Equipment Co., Ltd. [Member]
Short-term Debt [Line Items]
Total short-term loans				83,252
Yantai Zhengda City Construction Development Co. [Member]
Short-term Debt [Line Items]
Total short-term loans			$ 22,978,997
Qingdao Metro Finance Leasing Co., Ltd. [Member]
Short-term Debt [Line Items]
Total loans				4,306,138
ZGC Sci-Tech Leasing Co., Ltd [Member]
Short-term Debt [Line Items]
Total loans				$ 1,436,251

Operating Lease (Details)

Operating Lease (Details) - USD ($)	12 Months Ended
Operating Lease (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Disclosure Text Block [Abstract]
Lease, description	The remaining lease term of the Company’s leases ranges from approximately 0.2 to 2.3 years. The estimated effect of lease renewal and termination options, as applicable, was included in the consolidated financial statements in current period.
Operating lease costs	$ 67,254	$ 49,826
Short-term lease costs	97,354	52,632
Operating lease liabilities	$ 71,060	$ 75,960
Weighted average remaining lease term	2 years 10 days
Weighted average discount rate	6.00%

Operating Lease (Details) - Sch

Operating Lease (Details) - Schedule of maturity of operating lease liabilities	Dec. 31, 2020USD ($)
Schedule of maturity of operating lease liabilities [Abstract]
2021	$ 38,299
2022	38,298
Thereafter
Total	76,597
Less: imputed interest	3,574
Total lease liabilities	$ 73,023

Related Party Transactions (Det

Related Party Transactions (Details)	12 Months Ended
Related Party Transactions (Details)	Dec. 31, 2020USD ($)	Dec. 31, 2020CNY (¥)
Related Party Transactions (Details) [Line Items]
Repaid amount	$ 3,089,000	¥ 22,763,041
Yueibiao [Member]
Related Party Transactions (Details) [Line Items]
Related party description	the Company borrowed approximately $2,297,900 (RMB15,000,000) from Yuebiao Li with no interest bearing. The maturity date of the loan was January 31, 2021. During the year ended December 31, 2020, the Company also borrowed funds from Jincai with no interest bearing for its operation.	the Company borrowed approximately $2,297,900 (RMB15,000,000) from Yuebiao Li with no interest bearing. The maturity date of the loan was January 31, 2021. During the year ended December 31, 2020, the Company also borrowed funds from Jincai with no interest bearing for its operation.

Related Party Transactions (D_2

Related Party Transactions (Details) - Schedule of related parties	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Yuebiao Li [Member]
Related Party Transactions (Details) - Schedule of related parties [Line Items]
Nature of Relationship	Principal shareholder, Chairman of the Board and Chief Executive Officer ("CEO")	Principal shareholder, Chairman of the Board and Chief Executive Officer ("CEO")
Zhuo Zhang [Member]
Related Party Transactions (Details) - Schedule of related parties [Line Items]
Nature of Relationship	Principal shareholder, Director, Chief Financial Officer ("CFO")	Principal shareholder, Director, Chief Financial Officer ("CFO")
Yue Zhang [Member]
Related Party Transactions (Details) - Schedule of related parties [Line Items]
Nature of Relationship	Principal shareholder, Zhuo Zhang's sister	Principal shareholder, Zhuo Zhang's sister
Xiaojun Chen [Member]
Related Party Transactions (Details) - Schedule of related parties [Line Items]
Nature of Relationship	Husband of Zhuo Zhang	Husband of Zhuo Zhang
Heilongjiang Binteer [Member]
Related Party Transactions (Details) - Schedule of related parties [Line Items]
Nature of Relationship	Established by Yuebiao Li, in May 2014, Mr. Li transferred his 60% equity interest to his brother, Yuefeng Li. Yuefeng Li then transferred his 60% equity interest to a third party individual for zero consideration in March 2016. Significantly influenced by the Company.	Established by Yuebiao Li, in May 2014, Mr. Li transferred his 60% equity interest to his brother, Yuefeng Li. Yuefeng Li then transferred his 60% equity interest to a third party individual for zero consideration in March 2016. Significantly influenced by the Company.
Hengqingyuan [Member]
Related Party Transactions (Details) - Schedule of related parties [Line Items]
Nature of Relationship	Jinzheng holds 20% equity interest.	Jinzheng holds 20% equity interest.
Jincai [Member]
Related Party Transactions (Details) - Schedule of related parties [Line Items]
Nature of Relationship	Jinzheng holds 10% equity interest.	Jinzheng holds 10% equity interest.
Entity A and its subsidiaries [Member]
Related Party Transactions (Details) - Schedule of related parties [Line Items]
Nature of Relationship	Entity A is 45% owned by Entity D	Entity A is 45% owned by Entity D
Entity B [Member]
Related Party Transactions (Details) - Schedule of related parties [Line Items]
Nature of Relationship	Significantly influenced by the Company	Significantly influenced by the Company
Entity C [Member]
Related Party Transactions (Details) - Schedule of related parties [Line Items]
Nature of Relationship	Significantly influenced by the Company	Significantly influenced by the Company
Entity D and its subsidiaries [Member]
Related Party Transactions (Details) - Schedule of related parties [Line Items]
Nature of Relationship	Significantly influenced by the Company	Significantly influenced by the Company
Sude (Dalate) Environmental Protection Technology Co., Ltd (“Sude”) [Member]
Related Party Transactions (Details) - Schedule of related parties [Line Items]
Nature of Relationship	Yuebiao Li is the legal person.	Yuebiao Li is the legal person.

Related Party Transactions (D_3

Related Party Transactions (Details) - Schedule of net revenues from related parties - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
SALES TO:
Total net revenues from related parties	$ 24,808,223	$ 13,857,014	$ 21,066,741
PURCHASE FROM:
Total purchase from related party	1,101,751	2,112,484	1,592,537
WASTEWATER TREATMENT SERVICE PROVIDED BY:
Total wastewater treatment service provided by related parties	7,186,062	12,240,479	11,488,801
COST OF REVENUES FROM:
Total cost of revenues from related parties:	706,401	1,450,627	5,669,252
Heilongjiang Binteer [Member]
SALES TO:
Total net revenues from related parties		6,792
Hengqingyuan [Member]
SALES TO:
Total net revenues from related parties		1,921,811
Jincai [Member]
SALES TO:
Total net revenues from related parties	22,096,716
Entity A and its subsidiaries [Member]
SALES TO:
Total net revenues from related parties	373,514	11,030,663	20,750,159
Entity B [Member]
SALES TO:
Total net revenues from related parties			107,894
Entity D’s subsidiary [Member]
SALES TO:
Total net revenues from related parties	773,312	897,748	208,688
PURCHASE FROM:
Total purchase from related party	1,101,751	2,112,484	1,592,537
WASTEWATER TREATMENT SERVICE PROVIDED BY:
Total wastewater treatment service provided by related parties	2,485,675	2,182,473	291,150
COST OF REVENUES FROM:
Total cost of revenues from related parties:	706,401	1,450,627	1,372,877
Sude [Member]
SALES TO:
Total net revenues from related parties	1,564,681
Entity C [Member]
WASTEWATER TREATMENT SERVICE PROVIDED BY:
Total wastewater treatment service provided by related parties		2,536,720	5,279,255
COST OF REVENUES FROM:
Total cost of revenues from related parties:			4,296,375
Entity A and its subsidiaries [Member]
WASTEWATER TREATMENT SERVICE PROVIDED BY:
Total wastewater treatment service provided by related parties	$ 4,700,387	$ 7,521,286	$ 5,918,396

Related Party Transactions (D_4

Related Party Transactions (Details) - Schedule of accounts receivable from related parties - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Related Party Transactions (Details) - Schedule of accounts receivable from related parties [Line Items]
Accounts receivable from related parties	$ 9,472,545	$ 3,016,399
Less: allowance for credit losses	(666,307)	(624,312)
Accounts receivable - related parties, net	8,806,238	2,392,087
MOVEMENT OF ALLOWANCE FOR CREDIT LOSSES FOR ACCOUNTS RECEIVABLE FROM RELATED PARTIES:
Beginning balance	624,312
Provisions		624,312
Write-off
Effect of foreign exchange rate	41,995
Ending balance	666,307	624,312
ADVANCES FROM CUSTOMERS - RELATED PARTIES
Entity A and its subsidiaries	23,898	7,254,968
ACCOUNTS PAYABLE - RELATED PARTIES
Advances from customers – related parties	3,100,923	5,225,004
ADVANCE TO SUPPLIERS AND OTHER CURRENT ASSETS – RELATED PARTIES
Advance to suppliers and other current assets – related parties	1,678,462
Entity A and its subsidiaries [Member]
Related Party Transactions (Details) - Schedule of accounts receivable from related parties [Line Items]
Accounts receivable from related parties	377,154	1,460,103
ADVANCES FROM CUSTOMERS - RELATED PARTIES
Entity A and its subsidiaries		72,904
Jincai [Member]
Related Party Transactions (Details) - Schedule of accounts receivable from related parties [Line Items]
Accounts receivable from related parties	4,677,921
ADVANCES FROM CUSTOMERS - RELATED PARTIES
Entity A and its subsidiaries		7,176,897
ADVANCE TO SUPPLIERS AND OTHER CURRENT ASSETS – RELATED PARTIES
Contract Asset	1,270,063
Entity B [Member]
Related Party Transactions (Details) - Schedule of accounts receivable from related parties [Line Items]
Accounts receivable from related parties	666,307	624,312
Entity D’s subsidiaries [Member]
Related Party Transactions (Details) - Schedule of accounts receivable from related parties [Line Items]
Accounts receivable from related parties	1,882,205	931,984
ACCOUNTS PAYABLE - RELATED PARTIES
Advances from customers – related parties		1,368,979
ADVANCE TO SUPPLIERS AND OTHER CURRENT ASSETS – RELATED PARTIES
Advance to Suppliers	408,399
Sude [Member]
Related Party Transactions (Details) - Schedule of accounts receivable from related parties [Line Items]
Accounts receivable from related parties	1,868,958
Heilongjiang Binteer [Member]
ADVANCES FROM CUSTOMERS - RELATED PARTIES
Entity A and its subsidiaries	23,898	5,167
Entity C [Member]
ACCOUNTS PAYABLE - RELATED PARTIES
Advances from customers – related parties		1,318,692
Entity A and its subsidiary [Member]
ACCOUNTS PAYABLE - RELATED PARTIES
Advances from customers – related parties	$ 3,100,923	$ 2,537,333

Related Party Transactions (D_5

Related Party Transactions (Details) - Schedule of cost of revenues from related parties - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Related Party Transactions (Details) - Schedule of cost of revenues from related parties [Line Items]
Total	$ 5,785,045
Yuebiao Li [Member]
Related Party Transactions (Details) - Schedule of cost of revenues from related parties [Line Items]
Total	2,297,900
Jincai [Member]
Related Party Transactions (Details) - Schedule of cost of revenues from related parties [Line Items]
Total	$ 3,487,145

Income Taxes (Details)

Income Taxes (Details)	12 Months Ended
Income Taxes (Details)	Dec. 31, 2020
Income Taxes (Details) [Line Items]
Federal and state income tax at statutory rate	21.00%
Description of income tax	The Company’s subsidiary, Newater HK, is incorporated in Hong Kong and has no operating profit or tax liabilities during the period. Newater HK is subject to tax at 8.25% on assessable profits up to $256,410 (HK$2,000,000) and 16.5% on any part of assessable profits over $256,410 for the years ended December 31, 2020 and 2019.
Enterprise income tax rate	25.00%
Preferential tax rate	15.00%
Uniform tax rate	25.00%
Preferential tax rate	15.00%
According to Tax Law [Member]
Income Taxes (Details) [Line Items]
Uniform tax rate	25.00%
Preferential tax rate	15.00%
Jinzheng [Member]
Income Taxes (Details) [Line Items]
Preferential tax rate	15.00%

Income Taxes (Details) - Schedu

Income Taxes (Details) - Schedule of provision for income taxes - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of provision for income taxes [Abstract]
Current	$ 1,751,750	$ 571,198	$ 1,775,477
Deferred	(766,497)	892,547	(118,198)
Total	$ 985,253	$ 1,463,745	$ 1,657,279

Income Taxes (Details) - Sche_2

Income Taxes (Details) - Schedule of reconciliations statutory income tax rate	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of reconciliations statutory income tax rate [Abstract]
HK statutory income tax rate	8.25%	8.25%	8.25%
Valuation allowance recognized with respect to the loss in the HK company	(8.25%)	(8.25%)	(8.25%)
PRC statutory income tax rate	25.00%	25.00%	25.00%
Effect of income tax exemptions and reliefs	(7.46%)	(6.91%)	(8.53%)
Effect of additional deduction allowed for R&D expense	(7.20%)	(5.31%)	(4.39%)
Effect of expenses not deductible for tax purposes	6.06%	4.67%	1.44%
Others	(1.35%)	7.89%
Total	16.40%	25.34%	13.52%

Statutory Reserves (Details)

Statutory Reserves (Details) - USD ($)	12 Months Ended
Statutory Reserves (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Statutory Reserves [Abstract]
Statutory reserves, description	According to the Company Law in the PRC, companies are required to set aside 10% of their after-tax profit to general reserves each year, based on the PRC accounting standards, until the cumulative total of such reserves reaches 50% of the registered capital.
Statutory reserves	$ 2,941,715	$ 2,267,219

Earnings Per Share (Details) -

Earnings Per Share (Details) - Schedule of reconciliation of basic and diluted net income per share - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of reconciliation of basic and diluted net income per share [Abstract]
Net income available to common shareholders for basic and diluted net income per common share (in Dollars)	$ 5,562,761	$ 4,311,547	$ 7,211,429
Weighted average common shares outstanding – basic	10,809,000	10,809,000	10,809,000
Effect of dilutive securities:
Warrants issued to third party
Weighted average common shares outstanding – diluted	10,809,000	10,809,000	10,809,000
Net income per common share – basic (in Dollars per share)	$ 0.51	$ 0.40	$ 0.67
Net income per common share – diluted (in Dollars per share)	$ 0.51	$ 0.40	$ 0.67

Concentrations of Credit Risk_3

Concentrations of Credit Risk and Major Customers and Suppliers (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Ruineng [Member] \| Accounts Receivable [Member]
Concentrations of Credit Risk and Major Customers and Suppliers (Details) [Line Items]
Concentrations of credit risk, percentage	33.81%
Jincai [Member] \| Accounts Receivable [Member]
Concentrations of Credit Risk and Major Customers and Suppliers (Details) [Line Items]
Concentrations of credit risk, percentage	17.21%
Liaoning Beifang Environmental Protection Co., Ltd [Member] \| Accounts Receivable [Member]
Concentrations of Credit Risk and Major Customers and Suppliers (Details) [Line Items]
Concentrations of credit risk, percentage	13.71%	25.20%
Jiangshan Town [Member] \| Accounts Receivable [Member]
Concentrations of Credit Risk and Major Customers and Suppliers (Details) [Line Items]
Concentrations of credit risk, percentage		11.89%
Changchun Guangtaiyuan Environmental Protection Technology Co., Ltd [Member] \| Accounts Receivable [Member]
Concentrations of Credit Risk and Major Customers and Suppliers (Details) [Line Items]
Concentrations of credit risk, percentage		10.17%
Entity C [Member] \| Accounts Payable [Member]
Concentrations of Credit Risk and Major Customers and Suppliers (Details) [Line Items]
Concentrations of credit risk, percentage	25.89%	10.26%
Dalian Huarui accounted [Member] \| Accounts Payable [Member]
Concentrations of Credit Risk and Major Customers and Suppliers (Details) [Line Items]
Concentrations of credit risk, percentage	24.95%
Entity A [Member] \| Accounts Payable [Member]
Concentrations of Credit Risk and Major Customers and Suppliers (Details) [Line Items]
Concentrations of credit risk, percentage		19.75%
Customer [Member]
Concentrations of Credit Risk and Major Customers and Suppliers (Details) [Line Items]
Concentrations of credit risk, percentage	10.00%
Suppliers [Member]
Concentrations of Credit Risk and Major Customers and Suppliers (Details) [Line Items]
Concentrations of credit risk, percentage	10.00%	10.00%	10.00%

Concentrations of Credit Risk_4

Concentrations of Credit Risk and Major Customers and Suppliers (Details) - Schedules of concentrations of credit risk	12 Months Ended
	Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018
Everbright Environmental Energy (Jinan) Co., Ltd [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage		[1]	12.81%			[1]
Entity A and its subsidiaries [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage		[1]	28.21%		40.25%
Government of Jiangshan Town, Laixi District, Qingdao City, Shandong Province, PRC (“Jiangshan Town”) [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage		[1]		[1]	35.87%
Jincai, a related party [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	42.91%			[1]		[1]
Yantai Ruineng Eco-Technology, Ltd. (“Ruineng”) [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	14.94%			[1]		[1]

[1]	Less than 10%

Concentrations of Credit Risk_5

Concentrations of Credit Risk and Major Customers and Suppliers (Details) - Schedules of concentrations of credit risk	12 Months Ended
	Dec. 31, 2020		Dec. 31, 2019		Dec. 31, 2018
Dalian Huarui Heavy Industry Group Limited by Share Ltd. (“Dalian Huarui”) [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage	17.57%			[1]		[1]
Entity A and its subsidiaries [Member]
Concentration Risk [Line Items]
Concentrations of credit risk, percentage		[1]	12.47%		14.70%

[1]	Less than 10%

Contingencies (Details)

Contingencies (Details)	Oct. 14, 2020USD ($)	Oct. 14, 2020CNY (¥)	Dec. 31, 2020	Aug. 25, 2020USD ($)	Aug. 25, 2020CNY (¥)
Contingencies (Details) [Line Items]
Unpaid construction fees				$ 2,718,000	¥ 17,740,000
Maturing claim amount	$ 2,718,000	¥ 17,740,000
Weihai Commercial Bank [Member]
Contingencies (Details) [Line Items]
Guarantee contract, description			The Company provided two guarantees for the loans borrowed by Yantai Runtai Medical Co., Ltd. from Weihai Commercial Bank in the amount of approximately $782,607 (RMB 5,000,000) and $737,800 (RMB 5,000,000) for the period from June 7, 2018 and May 9, 2020 until two years after the due dates of the loans, respectively.
Shanghai Pudong Development Bank [Member]
Contingencies (Details) [Line Items]
Guarantee contract, description			The Company provided a guarantee for a loan borrowed by Jincai from Shanghai Pudong Development Bank in the amount of approximately $14,427,932 (RMB 100,000,000) for a period from March 9, 2020 until two years after the due date of the loan.

Subsequent Events (Details)

Mar. 12, 2021USD ($)

Feb. 09, 2021USD ($)

Feb. 07, 2021USD ($)

Feb. 01, 2021USD ($)

Mar. 22, 2021USD ($)

Mar. 22, 2021CNY (¥)

Feb. 09, 2021CNY (¥)

Feb. 07, 2021CNY (¥)

Feb. 01, 2021CNY (¥)

Jan. 22, 2021CNY (¥)

Dec. 31, 2020USD ($)

Dec. 31, 2019USD ($)

Subsequent Events (Details) [Line Items]

Loan borrowed

$ 18,038,582

$ 11,293,625

Long-term Debt, Excluding Current Maturities

$ 2,006,000

¥ 13,100,000

$ 1,377,217

Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Loan agreement percentage

54.50%

Equity interest, percentage

100.00%

Yantai Zhengda City Construction Development Co. [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Loan borrowed | ¥

¥ 150,000,000

Yantai Jinfang Eco-Technology Co., Ltd [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Loan borrowed

$ 919,000

¥ 6,000,000

Interest rate percentage

13.00%

Due

6 months

Puhui Eco Technology (Hainan), Inc [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Loan borrowed

$ 613,000

4,000,000

Interest rate percentage

13.00%

Due

6 months

Shandong Jince Eco-Technology Design Institute Co., Ltd [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Registered capital

$ 460,000

¥ 3,000,000

Bank of China, Yantai Bonded Port Area Branch [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Loan borrowed

$ 1,226,000

¥ 8,000,000

Interest rate percentage

3.75%

Due

1 year

Qingdao Metro Financial Leasing Co., Ltd [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Loan borrowed

$ 5,107,000

¥ 33,340,000

Interest rate percentage

5.4625%

Due

36 months

Yantai Jinzheng Eco-Technology Co., Ltd [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Loan borrowed

$ 42,577,245

Shanghai Pudong Development Bank [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Loan borrowed

$ 3,064,000

Interest rate percentage

4.35%

Neimenggu Sude Eco-Technology Co., Ltd [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Loan borrowed

$ 460,000

¥ 3,000,000

Interest rate percentage

4.35%

Due

1 year

Bank Of China [Member] | Subsequent Event [Member]

Subsequent Events (Details) [Line Items]

Repaid loans principal amount

$ 4,300,000