10-Q Filing

IT TECH PACKAGING, INC. CIK: 1358190 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-041231`
Period End Date	20210630
Filing Date	20210810
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	f10q0621_ittechpackaging_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 64 Cash Flow Statement 70 Stockholders Equity 20

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$87.88K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.39K	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$17.95M	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$18.43M	USD	Point-in-time
Cash and bank balances	`Cash`	$30.27M	USD	Point-in-time
Cash and bank balances	`Cash`	$4.14M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	-	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $87,876 and $34,391 as of June 30, 2021 and December 31, 2020, respectively)	`AccountsReceivableNet`	$2.39M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $87,876 and $34,391 as of June 30, 2021 and December 31, 2020, respectively)	`AccountsReceivableNet`	$5.59M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	99.05M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.54M	shares	Point-in-time
Inventories	`InventoryNet`	$1.23M	USD	Point-in-time
Inventories	`InventoryNet`	$11.67M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.25M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	99.05M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.54M	shares	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.05M	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$955.53K	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$92.80K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$63.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.91M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$21.36M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$21.15M	USD	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$2.34M	USD	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$2.40M	USD	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$2.35M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$138.56M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$145.14M	USD	Point-in-time
Value-added tax recoverable	`ValueAddedTaxReceivableNoncurrent`	$2.57M	USD	Point-in-time
Value-added tax recoverable	`ValueAddedTaxReceivableNoncurrent`	$2.54M	USD	Point-in-time
Deferred tax asset non-current	`DeferredTaxAssetNoncurrent`	$13.71M	USD	Point-in-time
Deferred tax asset non-current	`DeferredTaxAssetNoncurrent`	$10.08M	USD	Point-in-time
Total Assets	`Assets`	$199.87M	USD	Point-in-time
Total Assets	`Assets`	$238.62M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$6.44M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$6.42M	USD	Point-in-time
Current portion of long-term loans from credit union	`LoansPayableToBankCurrent`	$3.14M	USD	Point-in-time
Current portion of long-term loans from credit union	`LoansPayableToBankCurrent`	$5.00M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$182.85K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$199.54K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$592.39K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$742.72K	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers1`	$83.45K	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers1`	$82.62K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$727.43K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$727.43K	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$224.93K	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$314.22K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$4.87M	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$4.84M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$259.65K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$688.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.34M	USD	Point-in-time
Loans from credit union	`DeferredRevenueAndCreditsCurrent`	$4.60M	USD	Point-in-time
Loans from credit union	`DeferredRevenueAndCreditsCurrent`	$6.55M	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$387.09K	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$315.30K	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$354.11K	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$254.03K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$1.12M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$7.07M	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $18,427,033 and $17,950,224 as of June 30, 2021 and December 31, 2020, respectively)	`Liabilities`	$31.38M	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $18,427,033 and $17,950,224 as of June 30, 2021 and December 31, 2020, respectively)	`Liabilities`	$24.79M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value per share, 99,049,900 and 28,535,816 shares issued and outstanding as of June 30, 2021 and December, 31,2020, respectively	`CommonStockValue`	$99.05K	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value per share, 99,049,900 and 28,535,816 shares issued and outstanding as of June 30, 2021 and December, 31,2020, respectively	`CommonStockValue`	$28.54K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$53.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$88.93M	USD	Point-in-time
Statutory earnings reserve	`RetainedEarningsAppropriated`	$6.08M	USD	Point-in-time
Statutory earnings reserve	`RetainedEarningsAppropriated`	$6.08M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.69M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$109.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$104.45M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$175.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$166.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$207.24M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$162.94M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$199.87M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$238.62M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$35.11M	USD	2 Qtrs
Revenues	`Revenues`	$26.36M	USD	1 Quarter
Revenues	`Revenues`	$70.74M	USD	2 Qtrs
Revenues	`Revenues`	$46.53M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$23.80M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$65.88M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$43.51M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$32.72M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$2.39M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$4.86M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$3.03M	USD	1 Quarter
Gross Profit	`GrossProfit`	$2.56M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.15M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.05M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.36M	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$-292.90K	USD	2 Qtrs
Income (Loss) from Operations	`OperatingIncomeLoss`	$-798.64K	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$431.41K	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$-3.67M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$15.24K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$11.72K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.45K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$16.05K	USD	2 Qtrs
Subsidy income	`SubsidyIncome`	$197.89K	USD	2 Qtrs
Subsidy income	`SubsidyIncome`	$-979.00	USD	1 Quarter
Subsidy income	`SubsidyIncome`	$1.10K	USD	1 Quarter
Subsidy income	`SubsidyIncome`	$142.02K	USD	2 Qtrs
Interest expense	`InterestExpense`	$283.90K	USD	1 Quarter
Interest expense	`InterestExpense`	$562.80K	USD	2 Qtrs
Interest expense	`InterestExpense`	$241.44K	USD	1 Quarter
Interest expense	`InterestExpense`	$486.15K	USD	2 Qtrs
Gain (loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$-27.86K	USD	2 Qtrs
Gain (loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$872.04K	USD	2 Qtrs
Gain (loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$-27.86K	USD	1 Quarter
Gain (loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$4.51M	USD	1 Quarter
Income (Loss) before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-4.02M	USD	2 Qtrs
Income (Loss) before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-1.06M	USD	1 Quarter
Income (Loss) before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$230.28K	USD	2 Qtrs
Income (Loss) before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$4.67M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$5.02M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-605.77K	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$5.12M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-79.44K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.79M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-3.42M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-453.25K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-980.03K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.95M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.47M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$124.18K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.42M	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-2.84M	USD	2 Qtrs
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-5.88M	USD	2 Qtrs
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$2.96M	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-855.85K	USD	1 Quarter
Basic and Diluted Losses per Share (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.10	USD	2 Qtrs
Basic and Diluted Losses per Share (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	1 Quarter
Basic and Diluted Losses per Share (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Basic and Diluted Losses per Share (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.14	USD	2 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.64M	shares	1 Quarter
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.44M	shares	1 Quarter
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	24.44M	shares	2 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.64M	shares	2 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.79M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-3.42M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-453.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-980.03K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.50M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.17M	USD	2 Qtrs
(Gain) Loss on derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$872.04K	USD	2 Qtrs
(Gain) Loss on derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-27.86K	USD	2 Qtrs
(Recovery from) Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$-1.52K	USD	2 Qtrs
(Recovery from) Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$53.07K	USD	2 Qtrs
Share-based compensation and expenses	`AllocatedShareBasedCompensationExpense`	-	USD	2 Qtrs
Share-based compensation and expenses	`AllocatedShareBasedCompensationExpense`	$1.24M	USD	2 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$3.76M	USD	2 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-1.02M	USD	2 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-480.66K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$4.35M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$89.31K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.23M	USD	2 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.06M	USD	2 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.74M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.29M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.41M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$604.82K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$144.21K	USD	2 Qtrs
Advance from customers	`IncreaseDecreaseInAdvanceFromCustomers`	$87.73K	USD	2 Qtrs
Advance from customers	`IncreaseDecreaseInAdvanceFromCustomers`	-	USD	2 Qtrs
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$1.88M	USD	2 Qtrs
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$-860.72K	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-35.99K	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$86.93K	USD	2 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$15.53K	USD	2 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.39M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$425.65K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-968.47K	USD	2 Qtrs
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$5.86M	USD	2 Qtrs
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.57M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$981.15K	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$171.54K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-981.15K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-171.54K	USD	2 Qtrs
Proceeds from issuance of shares and warrants, net	`ProceedsFromIssuanceOfWarrants`	$2.27M	USD	2 Qtrs
Proceeds from issuance of shares and warrants, net	`ProceedsFromIssuanceOfWarrants`	$41.84M	USD	2 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	-	USD	2 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$77.30K	USD	2 Qtrs
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$88.66K	USD	2 Qtrs
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	-	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$41.67M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.27M	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-158.55K	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$201.42K	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$26.13M	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.99M	USD	2 Qtrs
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.27M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.83M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.14M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.84M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.27M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.83M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.14M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.84M	USD	Point-in-time
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$312.34K	USD	2 Qtrs
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$288.46K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$265.45K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.37M	USD	2 Qtrs
Cash and bank balances	`CashBankBalances`	$12.83M	USD	2 Qtrs
Cash and bank balances	`CashBankBalances`	$30.27M	USD	2 Qtrs
Restricted cash	`NonCashRestrictedCash`	-	USD	2 Qtrs
Restricted cash	`NonCashRestrictedCash`	-	USD	2 Qtrs
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`TotalCashEquivalentsAndRestrictedCash`	$12.83M	USD	2 Qtrs
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`TotalCashEquivalentsAndRestrictedCash`	$30.27M	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning	`StockholdersEquity`	$175.08M	USD	Point-in-time
Balance at beginning	`StockholdersEquity`	$166.00M	USD	Point-in-time
Balance at beginning	`StockholdersEquity`	$207.24M	USD	Point-in-time
Balance at beginning	`StockholdersEquity`	$162.94M	USD	Point-in-time
Issuance of shares to institutional investors	`StockIssuedDuringPeriodValueOther`	$8.03M	USD	2 Qtrs
Issuance of shares to institutional investors (in Shares)	`StockIssuedDuringPeriodSharesOther`	14.64M	shares	Point-in-time
Issuance of shares to public investors	`StockIssuedDuringPeriodValuePublicInvestors`	$15.62M	USD	2 Qtrs
Exercise of warrants	`StockIssuedDuringPeriodValueStockOptionsExercised`	$11.36M	USD	2 Qtrs
Issuance of shares to officer and directors	`StockIssuedDuringPeriodValueOfficerAndDirectors`	$1.20M	USD	2 Qtrs
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$1.58M	USD	2 Qtrs
Issuance of shares (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	60,000.00	shares	Point-in-time
Issuance of shares to a consultant	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$42.00K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.95M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.47M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-3.42M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-4.79M	USD	2 Qtrs
Balance at Ending	`StockholdersEquity`	$175.08M	USD	Point-in-time
Balance at Ending	`StockholdersEquity`	$166.00M	USD	Point-in-time
Balance at Ending	`StockholdersEquity`	$207.24M	USD	Point-in-time
Balance at Ending	`StockholdersEquity`	$162.94M	USD	Point-in-time

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