10-K Filing

IT TECH PACKAGING, INC. CIK: 1358190 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001213900-22-012344`
Period End Date	20211231
Filing Date	20220315
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	f10k2021_ittechpackaging_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 66 Cash Flow Statement 76 Stockholders Equity 19

Balance Sheet 86 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$69.05K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$34.39K	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$17.92M	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
Cash and bank balances	`Cash`	$11.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash and bank balances	`Cash`	$4.14M	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
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 $69,053 and $34,391 as of December 31, 2021 and December 31, 2020, respectively)	`AccountsReceivableNet`	$4.87M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $69,053 and $34,391 as of December 31, 2021 and December 31, 2020, respectively)	`AccountsReceivableNet`	$2.39M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.54M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	99.05M	shares	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
Inventories	`InventoryNet`	$1.23M	USD	Point-in-time
Inventories	`InventoryNet`	$5.84M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.05M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$25.80M	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$7.80M	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$92.80K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$14.91M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$55.52M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$21.15M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$43.45M	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
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$2.35M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$145.14M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$126.59M	USD	Point-in-time
Value-added tax recoverable	`ValueAddedTaxReceivableNoncurrent`	$2.57M	USD	Point-in-time
Value-added tax recoverable	`ValueAddedTaxReceivableNoncurrent`	$2.43M	USD	Point-in-time
Deferred tax asset non-current	`DeferredTaxAssetNoncurrent`	$13.71M	USD	Point-in-time
Deferred tax asset non-current	`DeferredTaxAssetNoncurrent`	$11.27M	USD	Point-in-time
Total Assets	`Assets`	$199.87M	USD	Point-in-time
Total Assets	`Assets`	$241.54M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$6.44M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$5.96M	USD	Point-in-time
Current portion of long-term loans from credit union	`LoansPayableToBankCurrent`	$6.84M	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`	$210.16K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.26K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$592.39K	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers1`	$39.69K	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`	$291.21K	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`	$5.25M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.11M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$259.65K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$18.34M	USD	Point-in-time
Loans from credit union	`DeferredRevenueAndCreditsCurrent`	$2.98M	USD	Point-in-time
Loans from credit union	`DeferredRevenueAndCreditsCurrent`	$4.60M	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$155.11K	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$387.09K	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$354.11K	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$152.23K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$1.12M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$2.06M	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $17,924,475 and $17,950,224 as of December 31, 2021 and 2020, respectively)	`Liabilities`	$25.79M	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $17,924,475 and $17,950,224 as of December 31, 2021 and 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 December 31, 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 December 31, 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`	$10.50M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$110.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$109.24M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$215.75M	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 Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$241.54M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$199.87M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$45.05M	USD	1 Quarter
Revenues	`Revenues`	$46.53M	USD	1 Quarter
Revenues	`Revenues`	$33.36M	USD	1 Quarter
Revenues	`Revenues`	$24.21M	USD	1 Quarter
Revenues	`Revenues`	$45.09M	USD	1 Quarter
Revenues	`Revenues`	$8.74M	USD	1 Quarter
Revenues	`Revenues`	$100.94M	USD	Annual
Revenues	`Revenues`	$32.48M	USD	1 Quarter
Revenues	`Revenues`	$160.88M	USD	Annual
Revenues	`Revenues`	$26.36M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$95.24M	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$149.86M	USD	Annual
Gross Profit	`GrossProfit`	$-169.72K	USD	1 Quarter
Gross Profit	`GrossProfit`	$5.70M	USD	Annual
Gross Profit	`GrossProfit`	$11.02M	USD	Annual
Gross Profit	`GrossProfit`	$2.56M	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.82M	USD	1 Quarter
Gross Profit	`GrossProfit`	$3.03M	USD	1 Quarter
Gross Profit	`GrossProfit`	$2.57M	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.83M	USD	1 Quarter
Gross Profit	`GrossProfit`	$4.34M	USD	1 Quarter
Gross Profit	`GrossProfit`	$745.32K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$11.16M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.56M	USD	Annual
Gain on acquisition of a subsidiary	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	Annual
Gain on acquisition of a subsidiary	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	Annual
Income (Loss) from Operations	`OperatingIncomeLoss`	$431.41K	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$-198.03K	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$176.63K	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$-1.97M	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$1.95M	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$1.46M	USD	Annual
Income (Loss) from Operations	`OperatingIncomeLoss`	$-5.46M	USD	Annual
Income (Loss) from Operations	`OperatingIncomeLoss`	$-798.64K	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$-724.31K	USD	1 Quarter
Income (Loss) from Operations	`OperatingIncomeLoss`	$-2.87M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$32.03K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$38.77K	USD	Annual
Subsidy income	`SubsidyIncome`	$220.48K	USD	Annual
Subsidy income	`SubsidyIncome`	$198.53K	USD	Annual
Interest expense	`InterestExpense`	$1.03M	USD	Annual
Interest expense	`InterestExpense`	$1.12M	USD	Annual
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$5.88M	USD	Annual
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$-426.06K	USD	Annual
Income (Loss) before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$6.45M	USD	Annual
Income (Loss) before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-6.66M	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$5.55M	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-1.10M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-520.97K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$4.16M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-980.03K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-453.25K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$905.53K	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-5.55M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$-2.44M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.62M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-4.34M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.54M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.76M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$11.80M	USD	Annual
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$5.66M	USD	Annual
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$6.24M	USD	Annual
Basic and Diluted Earnings (Losses) per Share (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.21	USD	Annual
Basic and Diluted Earnings (Losses) per Share (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.02	USD	Annual
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.50M	shares	Annual
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	59.85M	shares	Annual

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-520.97K	USD	1 Quarter
Net income	`NetIncomeLoss`	$4.16M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-980.03K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-453.25K	USD	1 Quarter
Net income	`NetIncomeLoss`	$905.53K	USD	Annual
Net income	`NetIncomeLoss`	$-5.55M	USD	Annual
Net income	`NetIncomeLoss`	$-2.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-1.62M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-4.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$15.79M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$15.36M	USD	Annual
(Gain) Loss on derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$5.88M	USD	Annual
(Gain) Loss on derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-426.06K	USD	Annual
(Recovery from) Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$33.48K	USD	Annual
(Recovery from) Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$-28.09K	USD	Annual
Share-based compensation and expenses	`AllocatedShareBasedCompensationExpense`	$1.26M	USD	Annual
Share-based compensation and expenses	`AllocatedShareBasedCompensationExpense`	-	USD	Annual
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$2.73M	USD	Annual
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-2.36M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-923.43K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.43M	USD	Annual
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.35M	USD	Annual
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.30M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$4.53M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-458.88K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-589.37K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$307.20K	USD	Annual
Advance from customers	`IncreaseDecreaseInAdvanceFromCustomers`	$-21.28K	USD	Annual
Advance from customers	`IncreaseDecreaseInAdvanceFromCustomers`	$-44.37K	USD	Annual
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$1.98M	USD	Annual
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$-785.10K	USD	Annual
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$60.33K	USD	Annual
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-82.52K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$254.97K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-1.11M	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.15M	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$832.95K	USD	Annual
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.44M	USD	Annual
Net Cash (Used in) Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$16.14M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.11M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.07M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$580.21K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.07M	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.53M	USD	Annual
Proceeds from issuance of shares and warrants, net	`ProceedsFromIssuanceOfWarrants`	$41.84M	USD	Annual
Proceeds from issuance of shares and warrants, net	`ProceedsFromIssuanceOfWarrants`	$2.27M	USD	Annual
Proceeds from short term bank loans	`ProceedsFromBankDebt`	$5.89M	USD	Annual
Proceeds from short term bank loans	`ProceedsFromBankDebt`	$6.09M	USD	Annual
Repayment of bank loans	`RepaymentsOfBankDebt`	$6.24M	USD	Annual
Repayment of bank loans	`RepaymentsOfBankDebt`	$6.51M	USD	Annual
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$72.00K	USD	Annual
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$185.05K	USD	Annual
Loan to a related party	`PaymentsOfLoanCosts`	$6.84M	USD	Annual
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$34.19M	USD	Annual
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.05M	USD	Annual
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$632.32K	USD	Annual
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$372.79K	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.70M	USD	Annual
Net Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.06M	USD	Annual
Cash, Cash Equivalents and Restricted Cash - Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.84M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.20M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.14M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.84M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.20M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.14M	USD	Point-in-time
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$592.14K	USD	Annual
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$577.19K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$2.40M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.97M	USD	Annual
Cash and bank balances	`CashBankBalances`	$11.20M	USD	Annual
Cash and bank balances	`CashBankBalances`	$4.14M	USD	Annual
Restricted cash	`NonCashRestrictedCash`	-	USD	Annual
Restricted cash	`NonCashRestrictedCash`	-	USD	Annual
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`TotalCashEquivalentsAndRestrictedCash`	$4.14M	USD	Annual
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`TotalCashEquivalentsAndRestrictedCash`	$11.20M	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$215.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$175.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$166.00M	USD	Point-in-time
Issuance of shares to institutional investors	`StockIssuedDuringPeriodValueOther`	$8.03M	USD	Annual
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	Annual
Exercise of warrants	`StockIssuedDuringPeriodValueStockOptionsExercised`	$11.36M	USD	Annual
Issuance of shares to officer and directors	`StockIssuedDuringPeriodValueOfficerAndDirectors`	$1.20M	USD	Annual
Issuance of shares	`StockIssuedDuringPeriodValueNewIssues`	$1.58M	USD	Annual
Issuance of shares (in Shares)	`StockIssuedDuringPeriodSharesNewIssues`	60,000.00	shares	Point-in-time
Issuance of shares to a consultant	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$42.00K	USD	Annual
Issuance of shares to a consultant	`StockIssuedDuringPeriodValueIssuedForServices`	$14.70K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$4.78M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$11.80M	USD	Annual
Net income (loss)	`ProfitLoss`	$905.53K	USD	Annual
Net income (loss)	`ProfitLoss`	$-5.55M	USD	Annual
Balance	`StockholdersEquity`	$215.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$175.08M	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.