10-Q Filing

IT TECH PACKAGING, INC. CIK: 1358190 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-045916`
Period End Date	20220630
Filing Date	20220809
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	f10q0622_ittechpack_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 76 Cash Flow Statement 72 Stockholders Equity 18

Balance Sheet 88 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`	$51.32K	USD	Point-in-time
Cash and bank balances	`Cash`	$14.34M	USD	Point-in-time
Cash and bank balances	`Cash`	$11.20M	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$16.67M	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$17.92M	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
Accounts receivable (net of allowance for doubtful accounts of $51,319 and $69,053 as of June 30, 2022 and December 31, 2021, respectively)	`AccountsReceivableNet`	$3.82M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $51,319 and $69,053 as of June 30, 2022 and December 31, 2021, respectively)	`AccountsReceivableNet`	$4.87M	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
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	99.05M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	99.05M	shares	Point-in-time
Inventories	`InventoryNet`	$6.63M	USD	Point-in-time
Inventories	`InventoryNet`	$5.84M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.81M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$25.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	99.05M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	99.05M	shares	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$7.80M	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$844.43K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$55.52M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$48.45M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	-	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`	$2.09M	USD	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$2.29M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$161.20M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$126.59M	USD	Point-in-time
Value-added tax recoverable	`ValueAddedTaxReceivableNoncurrent`	$2.23M	USD	Point-in-time
Value-added tax recoverable	`ValueAddedTaxReceivableNoncurrent`	$2.43M	USD	Point-in-time
Deferred tax asset non-current	`DeferredIncomeTaxAssetsNet`	$11.50M	USD	Point-in-time
Deferred tax asset non-current	`DeferredIncomeTaxAssetsNet`	$11.27M	USD	Point-in-time
Total Assets	`Assets`	$225.46M	USD	Point-in-time
Total Assets	`Assets`	$241.54M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$5.96M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$5.96M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$523.45K	USD	Point-in-time
Current portion of long-term loans from credit union	`LoansPayableToBankCurrent`	$4.41M	USD	Point-in-time
Current portion of long-term loans from credit union	`LoansPayableToBankCurrent`	$6.84M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$224.22K	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`	$17.10K	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers1`	$39.69K	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers1`	$37.71K	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`	$228.62K	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$291.21K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$5.25M	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$5.51M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$219.31K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.43M	USD	Point-in-time
Loans from credit union	`DeferredRevenueAndCreditsCurrent`	$4.92M	USD	Point-in-time
Loans from credit union	`DeferredRevenueAndCreditsCurrent`	$2.98M	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$100.82K	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$155.11K	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$20.30K	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$152.23K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$2.06M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$716.90K	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $16,668,603 and $17,924,475 as of June 30, 2022 and December 31, 2021, respectively)	`Liabilities`	$23.09M	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $16,668,603 and $17,924,475 as of June 30, 2022 and December 31, 2021, respectively)	`Liabilities`	$25.79M	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 shares issued and outstanding as of June 30, 2022 and December, 31,2021.	`CommonStockValue`	$99.05K	USD	Point-in-time
Common stock, 500,000,000 shares authorized, $0.001 par value per share, 99,049,900 shares issued and outstanding as of June 30, 2022 and December, 31,2021.	`CommonStockValue`	$99.05K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$88.93M	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 (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-102.44K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$110.15M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$107.37M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$202.38M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$207.24M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$175.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$215.75M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$225.46M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$241.54M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$70.74M	USD	2 Qtrs
Basic and Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.10	USD	2 Qtrs
Revenues	`Revenues`	$31.79M	USD	1 Quarter
Basic and Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.03	USD	2 Qtrs
Revenues	`Revenues`	$46.53M	USD	1 Quarter
Basic and Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.00	USD	1 Quarter
Basic and Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Revenues	`Revenues`	$47.27M	USD	2 Qtrs
Outstanding Basic and Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.05M	shares	1 Quarter
Outstanding Basic and Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.64M	shares	2 Qtrs
Outstanding Basic and Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	99.05M	shares	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$65.88M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$46.33M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$31.15M	USD	1 Quarter
Outstanding Basic and Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	46.64M	shares	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$43.51M	USD	1 Quarter
Gross Profit	`GrossProfit`	$944.48K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$3.03M	USD	1 Quarter
Gross Profit	`GrossProfit`	$634.04K	USD	1 Quarter
Gross Profit	`GrossProfit`	$4.86M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.15M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.17M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.87M	USD	1 Quarter
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	2 Qtrs
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	$-1.84K	USD	1 Quarter
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	$32.16K	USD	2 Qtrs
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	1 Quarter
(Loss) Income from Operations	`OperatingIncomeLoss`	$-4.19M	USD	2 Qtrs
(Loss) Income from Operations	`OperatingIncomeLoss`	$-292.90K	USD	2 Qtrs
(Loss) Income from Operations	`OperatingIncomeLoss`	$-1.24M	USD	1 Quarter
(Loss) Income from Operations	`OperatingIncomeLoss`	$431.41K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.38K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$16.05K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.92K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$11.72K	USD	1 Quarter
Subsidy income	`SubsidyIncome`	$197.89K	USD	2 Qtrs
Subsidy income	`SubsidyIncome`	$1.10K	USD	1 Quarter
Subsidy income	`SubsidyIncome`	-	USD	2 Qtrs
Subsidy income	`SubsidyIncome`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$562.80K	USD	2 Qtrs
Interest expense	`InterestExpense`	$259.11K	USD	1 Quarter
Interest expense	`InterestExpense`	$283.90K	USD	1 Quarter
Interest expense	`InterestExpense`	$529.92K	USD	2 Qtrs
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$960.04K	USD	1 Quarter
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$872.04K	USD	2 Qtrs
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$1.35M	USD	2 Qtrs
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$4.51M	USD	1 Quarter
(Loss) Income before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-3.37M	USD	2 Qtrs
(Loss) Income before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-531.74K	USD	1 Quarter
(Loss) Income before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$230.28K	USD	2 Qtrs
(Loss) Income before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$4.67M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-592.82K	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$5.02M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$5.12M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-243.83K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-453.25K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-287.91K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-4.79M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-2.78M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.95M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-10.60M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-11.52M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.42M	USD	1 Quarter
Total Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-13.37M	USD	2 Qtrs
Total Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-2.84M	USD	2 Qtrs
Total Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-11.81M	USD	1 Quarter
Total Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$2.96M	USD	1 Quarter
Basic and Diluted Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic and Diluted Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Basic and Diluted Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.10	USD	2 Qtrs
Basic and Diluted Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.64M	shares	2 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	99.05M	shares	1 Quarter
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	99.05M	shares	2 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	46.64M	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-453.25K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-287.91K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-4.79M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-2.78M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.59M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$8.17M	USD	2 Qtrs
(Gain) Loss on derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$1.35M	USD	2 Qtrs
(Gain) Loss on derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$872.04K	USD	2 Qtrs
Gain on acquisition	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	2 Qtrs
Gain on acquisition	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$33.18K	USD	2 Qtrs
(Recovery from) Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$-14.73K	USD	2 Qtrs
(Recovery from) Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$53.07K	USD	2 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-472.24K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-821.23K	USD	2 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$4.35M	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$3.76M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-845.45K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.23M	USD	2 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.96M	USD	2 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$8.06M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.41M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.11M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$144.21K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$7.59K	USD	2 Qtrs
Related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	2 Qtrs
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$-860.72K	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$86.93K	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-49.53K	USD	2 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$15.53K	USD	2 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$553.31K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$425.65K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-859.64K	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.57M	USD	2 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$3.95M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$171.54K	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$681.64K	USD	2 Qtrs
Acquisition of land	`AcquisitionOfLand`	$6.64M	USD	2 Qtrs
Acquisition of land	`AcquisitionOfLand`	-	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-171.54K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.32M	USD	2 Qtrs
Proceeds from issuance of shares and warrants, net	`ProceedsFromBankDebt`	$41.84M	USD	2 Qtrs
Proceeds from issuance of shares and warrants, net	`ProceedsFromBankDebt`	-	USD	2 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$77.30K	USD	2 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	-	USD	2 Qtrs
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$88.66K	USD	2 Qtrs
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$102.90K	USD	2 Qtrs
Loan repaid by a related party	`LoanRepaidByARelatedParty`	$6.78M	USD	2 Qtrs
Loan repaid by a related party	`LoanRepaidByARelatedParty`	-	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$6.67M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$41.67M	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$201.42K	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-157.00K	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$26.13M	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.14M	USD	2 Qtrs
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.20M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.34M	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`	$30.27M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.20M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.34M	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`	$30.27M	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`	$165.63K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$265.45K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.09M	USD	2 Qtrs
Cash and bank balances	`CashBankBalances`	$14.34M	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`	$30.27M	USD	2 Qtrs
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`TotalCashEquivalentsAndRestrictedCash`	$14.34M	USD	2 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$202.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$207.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$175.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$215.75M	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
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.95M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-10.60M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-453.25K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-287.91K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-4.79M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-2.78M	USD	2 Qtrs
Balance	`StockholdersEquity`	$202.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$207.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$175.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$215.75M	USD	Point-in-time

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