10-Q Filing

IT TECH PACKAGING, INC. CIK: 1358190 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-058146`
Period End Date	20210930
Filing Date	20211110
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	f10q0921_ittechpack_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 64 Cash Flow Statement 71 Stockholders Equity 20

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.39K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$54.67K	USD	Point-in-time
Cash and bank balances	`Cash`	$4.14M	USD	Point-in-time
Cash and bank balances	`Cash`	$26.58M	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$17.76M	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$17.95M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	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, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $54,668 and $34,391 as of September 30, 2021 and December 31 2020, respectively)	`AccountsReceivableNet`	$4.12M	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 $54,668 and $34,391 as of September 30, 2021 and December 31 2020, respectively)	`AccountsReceivableNet`	$2.39M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.54M	shares	Point-in-time
Inventories	`InventoryNet`	$1.23M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	99.05M	shares	Point-in-time
Inventories	`InventoryNet`	$7.62M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.05M	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`	$23.00M	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$92.80K	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$935.53K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$62.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.91M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$21.15M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$32.07M	USD	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$2.35M	USD	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$2.29M	USD	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$2.40M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$127.06M	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`	$2.44M	USD	Point-in-time
Deferred tax asset non-current	`DeferredTaxAssetNoncurrent`	$10.56M	USD	Point-in-time
Deferred tax asset non-current	`DeferredTaxAssetNoncurrent`	$13.71M	USD	Point-in-time
Total Assets	`Assets`	$199.87M	USD	Point-in-time
Total Assets	`Assets`	$236.68M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$6.44M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$6.32M	USD	Point-in-time
Current portion of long-term loans from credit union	`LoansPayableToBankCurrent`	$5.13M	USD	Point-in-time
Current portion of long-term loans from credit union	`LoansPayableToBankCurrent`	$5.00M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$206.61K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$182.85K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$592.39K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$354.25K	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers1`	$82.62K	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers1`	$40.08K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$727.43K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$749.72K	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$318.28K	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$224.93K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$4.84M	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$5.12M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$259.65K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$439.69K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.68M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.34M	USD	Point-in-time
Loans from credit union	`DeferredRevenueAndCreditsCurrent`	$4.52M	USD	Point-in-time
Loans from credit union	`DeferredRevenueAndCreditsCurrent`	$4.60M	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$387.09K	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$176.56K	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$354.11K	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$198.35K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$5.13M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$1.12M	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $17,764,728 and $17,950,224 as of September 30, 2021 and December 31, 2020, respectively)	`Liabilities`	$28.71M	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $17,764,728 and $17,950,224 as of September 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 September 30, 2021 and December, 31,2020, respectively	`CommonStockValue`	$28.54K	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 September 30, 2021 and December, 31,2020, respectively	`CommonStockValue`	$99.05K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$88.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$53.99M	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`	$5.74M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.87M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$109.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$105.99M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$207.97M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$175.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$169.09M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$166.00M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$236.68M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$199.87M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$33.36M	USD	1 Quarter
Revenues	`Revenues`	$115.83M	USD	3 Qtrs
Revenues	`Revenues`	$45.09M	USD	1 Quarter
Revenues	`Revenues`	$68.46M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$63.51M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$109.15M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$43.27M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$30.79M	USD	1 Quarter
Gross Profit	`GrossProfit`	$4.96M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$6.68M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$1.82M	USD	1 Quarter
Gross Profit	`GrossProfit`	$2.57M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.02M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.17M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.45M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.39M	USD	1 Quarter
(Loss) Income from Operations	`OperatingIncomeLoss`	$-198.03K	USD	1 Quarter
(Loss) Income from Operations	`OperatingIncomeLoss`	$176.63K	USD	1 Quarter
(Loss) Income from Operations	`OperatingIncomeLoss`	$-3.49M	USD	3 Qtrs
(Loss) Income from Operations	`OperatingIncomeLoss`	$-490.93K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$8.54K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$28.10K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$23.79K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$12.04K	USD	1 Quarter
Subsidy income	`SubsidyIncome`	$-30.00	USD	1 Quarter
Subsidy income	`SubsidyIncome`	$197.86K	USD	3 Qtrs
Subsidy income	`SubsidyIncome`	$61.15K	USD	1 Quarter
Subsidy income	`SubsidyIncome`	$203.17K	USD	3 Qtrs
Interest expense	`InterestExpense`	$281.67K	USD	1 Quarter
Interest expense	`InterestExpense`	$744.59K	USD	3 Qtrs
Interest expense	`InterestExpense`	$844.47K	USD	3 Qtrs
Interest expense	`InterestExpense`	$258.44K	USD	1 Quarter
Loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$1.94M	USD	1 Quarter
Loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$-482.51K	USD	1 Quarter
Loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$2.81M	USD	3 Qtrs
Loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$-510.38K	USD	3 Qtrs
Income (Loss) before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$1.70M	USD	3 Qtrs
Income (Loss) before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$1.47M	USD	1 Quarter
Income (Loss) before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-4.52M	USD	3 Qtrs
Income (Loss) before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-494.63K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-579.42K	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$4.95M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$26.35K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-71.39K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-3.94M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-3.25M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$1.54M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-520.97K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-819.18K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.20M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$6.67M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.13M	USD	3 Qtrs
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$723.39K	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$267.64K	USD	3 Qtrs
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$6.15M	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-2.12M	USD	3 Qtrs
Basic and Diluted Earnings (Losses) per Share (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Basic and Diluted Earnings (Losses) per Share (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.06	USD	3 Qtrs
Basic and Diluted Earnings (Losses) per Share (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.03	USD	1 Quarter
Basic and Diluted Earnings (Losses) per Share (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.15	USD	3 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.20M	shares	1 Quarter
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.82M	shares	3 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.20M	shares	3 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.82M	shares	1 Quarter

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-3.94M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-3.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.54M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-520.97K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.30M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$11.73M	USD	3 Qtrs
(Gain) Loss on derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$2.81M	USD	3 Qtrs
(Gain) Loss on derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-510.38K	USD	3 Qtrs
Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$2.97K	USD	3 Qtrs
Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$20.12K	USD	3 Qtrs
Share-based compensation and expenses	`AllocatedShareBasedCompensationExpense`	-	USD	3 Qtrs
Share-based compensation and expenses	`AllocatedShareBasedCompensationExpense`	$1.24M	USD	3 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-561.05K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-529.13K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-1.58M	USD	3 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$3.24M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.74M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$272.86K	USD	3 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.92M	USD	3 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.10M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.76M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.40M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-242.36K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$50.68K	USD	3 Qtrs
Advance from customers	`IncreaseDecreaseInAdvanceFromCustomers`	$-43.16K	USD	3 Qtrs
Advance from customers	`IncreaseDecreaseInAdvanceFromCustomers`	$76.76K	USD	3 Qtrs
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$-821.94K	USD	3 Qtrs
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$1.77M	USD	3 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$92.21K	USD	3 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-43.02K	USD	3 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$522.35K	USD	3 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.29M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-795.49K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$178.90K	USD	3 Qtrs
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.44M	USD	3 Qtrs
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$2.37M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.14M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.78M	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$572.31K	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.78M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.57M	USD	3 Qtrs
Proceeds from issuance of shares and warrants, net	`ProceedsFromIssuanceOfWarrants`	$2.27M	USD	3 Qtrs
Proceeds from issuance of shares and warrants, net	`ProceedsFromIssuanceOfWarrants`	$41.84M	USD	3 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$154.58K	USD	3 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	-	USD	3 Qtrs
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$32.32K	USD	3 Qtrs
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$135.61K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$41.55M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.24M	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$333.58K	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$109.47K	USD	3 Qtrs
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.37M	USD	3 Qtrs
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$22.43M	USD	3 Qtrs
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`	$8.21M	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 - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.58M	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`	$8.21M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.84M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$26.58M	USD	Point-in-time
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$485.07K	USD	3 Qtrs
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$509.78K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.52M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.78M	USD	3 Qtrs
Cash and bank balances	`CashBankBalances`	$26.58M	USD	3 Qtrs
Cash and bank balances	`CashBankBalances`	$8.21M	USD	3 Qtrs
Restricted cash	`NonCashRestrictedCash`	-	USD	3 Qtrs
Restricted cash	`NonCashRestrictedCash`	-	USD	3 Qtrs
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`TotalCashEquivalentsAndRestrictedCash`	$8.21M	USD	3 Qtrs
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`TotalCashEquivalentsAndRestrictedCash`	$26.58M	USD	3 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$207.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$175.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$169.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$166.00M	USD	Point-in-time
Issuance of shares to institutional investors	`StockIssuedDuringPeriodValueOther`	$8.03M	USD	3 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	3 Qtrs
Exercise of warrants	`StockIssuedDuringPeriodValueStockOptionsExercised`	$11.36M	USD	3 Qtrs
Issuance of shares to officer and directors	`StockIssuedDuringPeriodValueOfficerAndDirectors`	$1.20M	USD	3 Qtrs
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$1.58M	USD	3 Qtrs
Issuance of shares (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	60,000.00	shares	Point-in-time
Issuance of shares to a consultant	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$42.00K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.13M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$4.20M	USD	3 Qtrs
Net income	`ProfitLoss`	$-3.25M	USD	3 Qtrs
Net income	`ProfitLoss`	$-3.94M	USD	3 Qtrs
Balance	`StockholdersEquity`	$207.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$175.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$169.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$166.00M	USD	Point-in-time

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