Project In Progress	12 Months Ended
Dec. 31, 2019
Project In Progress
Project in progress	NOTE 6 – PROJECT IN PROGRESS Projects in progress represents costs accumulated on two projects at various stages of completion. Payments made by the customers to offset those costs are recorded as Advances from Customers. The Company started the two projects in 2013 and could not complete the projects since the projects' sites were not ready for the installation of energy saving lights. The Company could not estimate the time when the projects could be completed. During 2014 and 2015, the Company performed impairment tests based on the available information and had recorded impairment loss to decrease the net book value of project in progress to the amount received by the end of 2015. These two projects were not completed by the end of 2019.

Project In Progress

12 Months Ended

Dec. 31, 2019

NOTE 6 – PROJECT IN PROGRESS

Projects in progress represents costs accumulated on two projects at various stages of completion. Payments made by the customers to offset those costs are recorded as Advances from Customers. The Company started the two projects in 2013 and could not complete the projects since the projects' sites were not ready for the installation of energy saving lights. The Company could not estimate the time when the projects could be completed. During 2014 and 2015, the Company performed impairment tests based on the available information and had recorded impairment loss to decrease the net book value of project in progress to the amount received by the end of 2015. These two projects were not completed by the end of 2019.

Dongxing International Inc. 10-K