10-K Filing

FUSHI COPPERWELD, INC. CIK: 710846 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001144204-12-015193`
Period End Date	20111231
Filing Date	20120315
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	fsin-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 58 Cash Flow Statement 113 Stockholders Equity 34 Comprehensive Income 3

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.24M	shares	Point-in-time
Cash	`Cash`	$65.61M	USD	Point-in-time
Cash	`Cash`	$60.60M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.10M	shares	Point-in-time
Cash	`Cash`	$200.45M	USD	Point-in-time
Cash	`Cash`	$123.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.24M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$65.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.10M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$63.98M	USD	Point-in-time
Inventories	`InventoryNet`	$16.14M	USD	Point-in-time
Inventories	`InventoryNet`	$10.70M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$15.02M	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$6.79M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.33M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$743.21K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$220.68M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$283.25M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$124.18M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$117.41M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$577.59K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$431.44K	USD	Point-in-time
Land use rights	`LandRights`	$13.32M	USD	Point-in-time
Land use rights	`LandRights`	$13.09M	USD	Point-in-time
Deposits for land use right	`DepositsAssetsNoncurrent`	$9.62M	USD	Point-in-time
Deposits for land use right	`DepositsAssetsNoncurrent`	$10.09M	USD	Point-in-time
Goodwill	`Goodwill`	$1.81M	USD	Point-in-time
Goodwill	`Goodwill`	$1.67M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$443.40K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$491.38K	USD	Point-in-time
Total assets	`Assets`	$426.80M	USD	Point-in-time
Total assets	`Assets`	$370.26M	USD	Point-in-time
Current portion of long-term loan	`LongTermDebtCurrent`	$650.00K	USD	Point-in-time
Current portion of long-term loan	`LongTermDebtCurrent`	$650.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.24M	USD	Point-in-time
Amounts due to a related party	`DueToRelatedPartiesCurrent`	$2.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$15.54M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedExpensesAndOtherCurrentLiabilities`	$15.88M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.43M	USD	Point-in-time
Long-term loans	`LongTermLoansFromBank`	$5.69M	USD	Point-in-time
Long-term loans	`LongTermLoansFromBank`	$7.63M	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$672.94K	USD	Point-in-time
Deferred income tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$669.54K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$65.06K	USD	Point-in-time
Total liabilities	`Liabilities`	$25.86M	USD	Point-in-time
Total liabilities	`Liabilities`	$30.64M	USD	Point-in-time
Common stock, $0.006 par value, 100,000,000 shares authorized; 38,240,438 and 38,099,138 shares issued and outstanding as of December 31, 2011 and 2010, respectively	`CommonStockValue`	$228.60K	USD	Point-in-time
Common stock, $0.006 par value, 100,000,000 shares authorized; 38,240,438 and 38,099,138 shares issued and outstanding as of December 31, 2011 and 2010, respectively	`CommonStockValue`	$229.44K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$169.34M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$167.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$140.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$172.51M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$36.11M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$54.09M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$344.40M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$396.17M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$239.54M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$203.11M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$370.26M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$426.80M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$264.97M	USD	Annual
Revenues	`Revenues`	$182.93M	USD	Annual
Revenues	`Revenues`	$287.39M	USD	Annual
Cost of revenues	`CostOfRevenue`	$185.68M	USD	Annual
Cost of revenues	`CostOfRevenue`	$212.43M	USD	Annual
Cost of revenues	`CostOfRevenue`	$128.12M	USD	Annual
Gross profit	`GrossProfit`	$79.29M	USD	Annual
Gross profit	`GrossProfit`	$74.96M	USD	Annual
Gross profit	`GrossProfit`	$54.81M	USD	Annual
Selling expenses	`SellingExpense`	$5.06M	USD	Annual
Selling expenses	`SellingExpense`	$4.87M	USD	Annual
Selling expenses	`SellingExpense`	$5.79M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$20.90M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$13.05M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$15.45M	USD	Annual
Total operating expense	`OperatingExpenses`	$25.96M	USD	Annual
Total operating expense	`OperatingExpenses`	$21.24M	USD	Annual
Total operating expense	`OperatingExpenses`	$17.92M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$36.89M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$58.04M	USD	Annual
Income from operations	`OperatingIncomeLoss`	$49.00M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$369.27K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$895.35K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$811.41K	USD	Annual
Interest expense	`InterestExpense`	$449.09K	USD	Annual
Interest expense	`InterestExpense`	$5.27M	USD	Annual
Interest expense	`InterestExpense`	$903.59K	USD	Annual
Gain (loss) on cross-currency interest swap derivative	`GainLossOnForeignCurrencyFairValueHedgeDerivatives`	$128.86K	USD	Annual
Gain (loss) on cross-currency interest swap derivative	`GainLossOnForeignCurrencyFairValueHedgeDerivatives`	$-4.73M	USD	Annual
Change in fair value of warrants liability	`ChangeInFairValueOfWarrant`	$-752.11K	USD	Annual
Change in fair value of embedded conversion option	`EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet`	$-7.18M	USD	Annual
Foreign currency exchange losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-314.57K	USD	Annual
Foreign currency exchange losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.94M	USD	Annual
Foreign currency exchange losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-623.07K	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-2.98M	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-1.49M	USD	Annual
Total other expense	`NonoperatingIncomeExpense`	$-14.04M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$47.51M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$22.85M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$55.06M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$15.46M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$23.19M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$939.17K	USD	Annual
Net income	`NetIncomeLoss`	$32.05M	USD	Annual
Net income	`NetIncomeLoss`	$21.91M	USD	Annual
Net income	`NetIncomeLoss`	$31.87M	USD	Annual
Foreign currency translation adjustment, net of nil income taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$17.98M	USD	Annual
Foreign currency translation adjustment, net of nil income taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$132.82K	USD	Annual
Foreign currency translation adjustment, net of nil income taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$10.89M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$50.03M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$42.76M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$22.04M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.78	USD	Annual
Basic	`EarningsPerShareBasic`	$0.86	USD	Annual
Basic	`EarningsPerShareBasic`	$0.84	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.84	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.85	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.76	USD	Annual

Cash Flow Statement 113 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$32.05M	USD	Annual
Net income	`NetIncomeLoss`	$21.91M	USD	Annual
Net income	`NetIncomeLoss`	$31.87M	USD	Annual
Provision for (reversal of) bad debt allowance	`ProvisionForReductionOfDoubtfulAccounts`	$-706.15K	USD	Annual
Provision for (reversal of) bad debt allowance	`ProvisionForReductionOfDoubtfulAccounts`	$485.78K	USD	Annual
Provision for (reversal of) bad debt allowance	`ProvisionForReductionOfDoubtfulAccounts`	$-26.18K	USD	Annual
Write-down of inventories	`InventoryWriteDown`	$41.49K	USD	Annual
Write-down of inventories	`InventoryWriteDown`	$79.56K	USD	Annual
Write-down of inventories	`InventoryWriteDown`	$276.90K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$10.24M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$12.45M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$13.78M	USD	Annual
Loss (gain) on disposal of long-lived assets	`GainLossOnSaleOfLongLivedAssets`	$-294.60K	USD	Annual
Loss (gain) on disposal of long-lived assets	`GainLossOnSaleOfLongLivedAssets`	$-117.43K	USD	Annual
Loss (gain) on disposal of long-lived assets	`GainLossOnSaleOfLongLivedAssets`	$13.91K	USD	Annual
Amortization of debt issuance cost	`AmortizationOfFinancingCosts`	$255.67K	USD	Annual
Amortization of debt issuance cost	`AmortizationOfFinancingCosts`	$1.27M	USD	Annual
Deferred income tax expenses (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-4.99M	USD	Annual
Deferred income tax expenses (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-51.94K	USD	Annual
Deferred income tax expenses (benefit)	`DeferredIncomeTaxExpenseBenefit`	$14.28M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$838.03K	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$1.28M	USD	Annual
Share-based compensation expense	`ShareBasedCompensation`	$933.87K	USD	Annual
Unrealized foreign currency exchange loss (gain), net	`UnrealizedGainLossOnForeignCurrencyDerivativesNetOfTax`	$14.95K	USD	Annual
Unrealized foreign currency exchange loss (gain), net	`UnrealizedGainLossOnForeignCurrencyDerivativesNetOfTax`	$-692.70K	USD	Annual
Unrealized foreign currency exchange loss (gain), net	`UnrealizedGainLossOnForeignCurrencyDerivativesNetOfTax`	$-1.88M	USD	Annual
Shareholder's contribution	`NoncashContributionExpense`	$278.50K	USD	Annual
Unrealized loss (gain) on cross-currency interest swap derivative	`UnrealizedGainLossOnDerivatives`	$882.53K	USD	Annual
Unrealized loss (gain) on cross-currency interest swap derivative	`UnrealizedGainLossOnDerivatives`	$-3.16M	USD	Annual
Change in fair value of embedded conversion option	`EmbeddedDerivativeGainLossOnEmbeddedDerivativeNet`	$-7.18M	USD	Annual
Change in fair value of warrants liability	`ChangeInFairValueOfWarrant`	$-752.11K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$18.10M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.84M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.58M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$3.86M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-5.69M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$3.86M	USD	Annual
Advances to suppliers	`IncreaseDecreaseInAdvancePayments`	$5.38M	USD	Annual
Advances to suppliers	`IncreaseDecreaseInAdvancePayments`	$-11.66M	USD	Annual
Advances to suppliers	`IncreaseDecreaseInAdvancePayments`	$-8.72M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-422.08K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$609.30K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$220.55K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.11M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$514.36K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.02M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$4.32M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.65M	USD	Annual
Accrued expenses and other current liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-5.70M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$25.87M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$72.05M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$51.38M	USD	Annual
Payments for acquisitions of Jinchuan and Hongtai	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.38M	USD	Annual
Cash acquired from acquisition of Jinchuan and Hongtai	`CashAcquiredFromAcquisition`	$901.44K	USD	Annual
Proceeds from disposal of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$424.44K	USD	Annual
Proceeds from disposal of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$255.26K	USD	Annual
Proceeds from disposal of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$16.00K	USD	Annual
Purchase of land use rights	`PaymentsToAcquireIntangibleAssets`	$9.48M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.68M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.42M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.06M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.40M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.38M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.63M	USD	Annual
Contingent consideration paid for acquisition of Jinchuan	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.82M	USD	Annual
Proceeds from interest-free loans provided by Mr. Li Fu	`ProceedsFromRelatedPartyDebt`	$23.00M	USD	Annual
Proceeds from interest-free loans provided by Mr. Li Fu	`ProceedsFromRelatedPartyDebt`	$12.19M	USD	Annual
Proceeds from interest-free loans provided by Mr. Li Fu	`ProceedsFromRelatedPartyDebt`	$2.00M	USD	Annual
Repayment of interest-free loans provided by Mr. Li Fu	`RepaymentsOfRelatedPartyDebt`	$12.19M	USD	Annual
Repayment of interest-free loans provided by Mr. Li Fu	`RepaymentsOfRelatedPartyDebt`	$23.00M	USD	Annual
Release of restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$1.00M	USD	Annual
Repayment of borrowings from revolving line of credit	`RepaymentsOfLinesOfCredit`	$4.03M	USD	Annual
Repayment of borrowings from revolving line of credit	`RepaymentsOfLinesOfCredit`	$678.29K	USD	Annual
Payment on capital lease obligation	`RepaymentsOfCapitalLeaseObligations`	$41.47K	USD	Annual
Proceeds from long-term loans	`ProceedsFromIssuanceOfLongTermDebt`	$6.50M	USD	Annual
Proceeds from long-term loans	`ProceedsFromIssuanceOfLongTermDebt`	$2.69M	USD	Annual
Repayment of long-term bank loans	`RepaymentsOfLongTermDebt`	$162.50K	USD	Annual
Repayment of long-term bank loans	`RepaymentsOfLongTermDebt`	$17.55M	USD	Annual
Repayment of long-term bank loans	`RepaymentsOfLongTermDebt`	$650.00K	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	$5.00M	USD	Annual
Repayment of notes payable	`RepaymentsOfNotesPayable`	$35.60M	USD	Annual
Repurchase of convertible notes payable	`RepaymentsOfConvertibleDebt`	$6.06M	USD	Annual
Proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$62.01M	USD	Annual
Proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$623.04K	USD	Annual
Proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$2.09M	USD	Annual
Transaction costs paid in connection with issuance of common stock	`PaymentsOfStockIssuanceCosts`	$3.44M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.28M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-154.26K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.25M	USD	Annual
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.32K	USD	Annual
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.96M	USD	Annual
Effect of foreign currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.12M	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$62.40M	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$77.45M	USD	Annual
Net increase (decrease) in cash	`CashPeriodIncreaseDecrease`	$-5.01M	USD	Annual
Cash at beginning of year	`Cash`	$65.61M	USD	Point-in-time
Cash at beginning of year	`Cash`	$60.60M	USD	Point-in-time
Cash at beginning of year	`Cash`	$200.45M	USD	Point-in-time
Cash at beginning of year	`Cash`	$123.00M	USD	Point-in-time
Cash at end of year	`Cash`	$65.61M	USD	Point-in-time
Cash at end of year	`Cash`	$60.60M	USD	Point-in-time
Cash at end of year	`Cash`	$200.45M	USD	Point-in-time
Cash at end of year	`Cash`	$123.00M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$1.43M	USD	Annual
Interest paid	`InterestPaidNet`	$3.73M	USD	Annual
Interest paid	`InterestPaidNet`	$449.09K	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$5.13M	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$10.15M	USD	Annual
Income taxes paid	`IncomeTaxesPaid`	$8.43M	USD	Annual
Issuance of common stock in connection with the Hongtai acquisition	`StockIssued1`	$2.60M	USD	Annual
Issuance of common stock to extinguish convertible notes payable	`ExtinguishmentOfConvertibleNotesInExchangeForCommonStock`	$4.00M	USD	Annual
Issuance of common stock to settle Kuhn's litigation	`StockIssuedUnderLegalSettlement`	$6.26M	USD	Annual
Accrual for the acquisition of Jinchuan	`AccrualsRelatedToAcquisitions`	$4.82M	USD	Annual

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Issuance of common stock in cash, per share	`StockIssuedDuringPeriodPricePerShareNewIssues`	$8.00	USD	Annual
Issuance of common stock and warrants, warrants liability	`StockIssuedDuringPeriodValueCommonStockWarrants`	$211.44K	USD	Annual
Issuance of common stock in cash, transaction costs	`StockIssuedIssuanceCosts`	$3.44M	USD	Annual
Foreign currency translation adjustment, income taxes	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Foreign currency translation adjustment, income taxes	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Foreign currency translation adjustment, income taxes	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Issuance of common stock and warrants,net of warrants liability of $211,443	`IssuanceOfCommonStockAndWarrantsValue`	$1.71M	USD	Annual
Shareholder's contribution	`AdjustmentsToAdditionalPaidInCapitalOther`	$278.50K	USD	Annual
Beginning Balance	`StockholdersEquity`	$344.40M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$396.17M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$239.54M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$203.11M	USD	Point-in-time
Issuance of common stock for cash	`StockIssuedDuringPeriodValueNewIssues`	$56.36M	USD	Annual
Issuance of common stock to the selling shareholder of Hongtai	`StockIssuedDuringPeriodValueAcquisitions`	$2.60M	USD	Annual
Retirement of common stock	`StockRetiredDuringPeriodValue`	$600.00	USD	Annual
Reclassification of warrants from liability to equity due to removal of cash redemption feature	`ReclassificationOfWarrantLiabilitiesToEquity`	$963.56K	USD	Annual
Exercise of warrants in cash	`StockIssuedDuringPeriodValueStockWarrantsExercised`	$1.85M	USD	Annual
Exercise of warrants in cash	`StockIssuedDuringPeriodValueStockWarrantsExercised`	$600.00K	USD	Annual
Exercise of warrants in cash	`StockIssuedDuringPeriodValueStockWarrantsExercised`	$166.63K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$357.44K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$23.04K	USD	Annual
Share based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$933.87K	USD	Annual
Share based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.28M	USD	Annual
Share based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$838.03K	USD	Annual
Net income	`NetIncomeLoss`	$32.05M	USD	Annual
Net income	`NetIncomeLoss`	$21.91M	USD	Annual
Net income	`NetIncomeLoss`	$31.87M	USD	Annual
Foreign currency translation adjustment, net of nil income taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$17.98M	USD	Annual
Foreign currency translation adjustment, net of nil income taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$132.82K	USD	Annual
Foreign currency translation adjustment, net of nil income taxes	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$10.89M	USD	Annual
Ending Balance	`StockholdersEquity`	$344.40M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$396.17M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$239.54M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$203.11M	USD	Point-in-time

Comprehensive Income 3 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation adjustment, income taxes	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Foreign currency translation adjustment, income taxes	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual
Foreign currency translation adjustment, income taxes	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax`	-	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.