10-Q Filing

IT TECH PACKAGING, INC. CIK: 1358190 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-071225`
Period End Date	20220930
Filing Date	20221110
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	f10q0922_ittechpack_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 76 Cash Flow Statement 79 Stockholders Equity 19

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`	$61.27K	USD	Point-in-time
Cash and bank balances	`Cash`	$16.02M	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$17.92M	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$17.42M	USD	Point-in-time
Cash and bank balances	`Cash`	$11.20M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	-	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	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
Accounts receivable (net of allowance for doubtful accounts of $61,270 and $69,053 as of September 30, 2022 and December 31, 2021, respectively)	`AccountsReceivableNet`	$4.24M	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $61,270 and $69,053 as of September 30, 2022 and December 31, 2021, respectively)	`AccountsReceivableNet`	$4.87M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.92M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.42M	shares	Point-in-time
Inventories	`InventoryNet`	$4.44M	USD	Point-in-time
Inventories	`InventoryNet`	$5.84M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$22.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.92M	shares	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$25.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.42M	shares	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$938.80K	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$7.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$48.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$55.52M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$43.45M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$1.27M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$659.91K	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`	$1.94M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$149.54M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$126.59M	USD	Point-in-time
Value-added tax recoverable	`ValueAddedTaxReceivableNoncurrent`	$2.43M	USD	Point-in-time
Value-added tax recoverable	`ValueAddedTaxReceivableNoncurrent`	$2.07M	USD	Point-in-time
Deferred tax asset non-current	`DeferredIncomeTaxAssetsNet`	$11.24M	USD	Point-in-time
Deferred tax asset non-current	`DeferredIncomeTaxAssetsNet`	$11.27M	USD	Point-in-time
Total Assets	`Assets`	$215.14M	USD	Point-in-time
Total Assets	`Assets`	$241.54M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$5.63M	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`	$4.18M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$272.15K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$210.16K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$144.21K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.26K	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers1`	$35.65K	USD	Point-in-time
Advance from customers	`AdvanceFromCustomers1`	$39.69K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$727.86K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$727.43K	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$221.53K	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`	$5.64M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$746.69K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$20.43M	USD	Point-in-time
Loans from credit union	`DeferredRevenueAndCreditsCurrent`	$4.69M	USD	Point-in-time
Loans from credit union	`DeferredRevenueAndCreditsCurrent`	$2.98M	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$73.31K	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$155.11K	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$568.95K	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`	$1.33M	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $17,417,813 and $17,924,475 as of September 30, 2022 and December 31, 2021, respectively)	`Liabilities`	$25.79M	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $17,417,813 and $17,924,475 as of September 30, 2022 and December 31, 2021, respectively)	`Liabilities`	$24.26M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, 50,000,000 shares authorized, $0.001 par value per share, 11,415,920 and 9,915,920 shares issued and outstanding as of September 30, 2022 and December, 31, 2021, respectively.	`CommonStockValue`	$9.92K	USD	Point-in-time
Common stock, 50,000,000 shares authorized, $0.001 par value per share, 11,415,920 and 9,915,920 shares issued and outstanding as of September 30, 2022 and December, 31, 2021, respectively.	`CommonStockValue`	$11.42K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$89.02M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$90.58M	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`	$-11.27M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$10.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$105.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$110.15M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$190.88M	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 stockholders equity	`StockholdersEquity`	$207.97M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$215.14M	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
Diluted (Losses) Earnings per Share	`EarningsPerShareDiluted`	$-0.06	USD	3 Qtrs
Revenues	`Revenues`	$115.83M	USD	3 Qtrs
Diluted (Losses) Earnings per Share	`EarningsPerShareDiluted`	$-0.07	USD	3 Qtrs
Diluted (Losses) Earnings per Share	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Revenues	`Revenues`	$45.09M	USD	1 Quarter
Revenues	`Revenues`	$78.98M	USD	3 Qtrs
Diluted (Losses) Earnings per Share	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Revenues	`Revenues`	$31.71M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$28.93M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$109.15M	USD	3 Qtrs
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.45M	shares	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$43.27M	USD	1 Quarter
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.20M	shares	3 Qtrs
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	54.20M	shares	1 Quarter
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	71.45M	shares	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$75.25M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$6.68M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$1.82M	USD	1 Quarter
Gross Profit	`GrossProfit`	$3.73M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$2.78M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.02M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.37M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.17M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.54M	USD	3 Qtrs
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	$30.40K	USD	3 Qtrs
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	1 Quarter
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	$-1.76K	USD	1 Quarter
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-4.78M	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-490.93K	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-198.03K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-588.71K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$12.04K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$28.10K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$16.11K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$7.73K	USD	1 Quarter
Subsidy income	`SubsidyIncome`	-	USD	3 Qtrs
Subsidy income	`SubsidyIncome`	-	USD	1 Quarter
Subsidy income	`SubsidyIncome`	$-30.00	USD	1 Quarter
Subsidy income	`SubsidyIncome`	$197.86K	USD	3 Qtrs
Interest expense	`InterestExpense`	$256.68K	USD	1 Quarter
Interest expense	`InterestExpense`	$281.67K	USD	1 Quarter
Interest expense	`InterestExpense`	$844.47K	USD	3 Qtrs
Interest expense	`InterestExpense`	$786.60K	USD	3 Qtrs
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$1.94M	USD	1 Quarter
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$2.81M	USD	3 Qtrs
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$729.26K	USD	3 Qtrs
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$-617.37K	USD	1 Quarter
(Loss) Income before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-1.46M	USD	1 Quarter
(Loss) Income before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$1.47M	USD	1 Quarter
(Loss) Income before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$1.70M	USD	3 Qtrs
(Loss) Income before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-4.82M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-71.39K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$432.29K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$4.95M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-160.53K	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-1.89M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-3.25M	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$-4.66M	USD	3 Qtrs
Net (Loss) Income	`NetIncomeLoss`	$1.54M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-819.18K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.13M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-11.17M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-21.77M	USD	3 Qtrs
Total Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-2.12M	USD	3 Qtrs
Total Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-13.06M	USD	1 Quarter
Total Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-26.43M	USD	3 Qtrs
Total Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$723.39K	USD	1 Quarter
Basic and Diluted (Losses) Earnings per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.06	USD	3 Qtrs
Basic and Diluted (Losses) Earnings per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.07	USD	3 Qtrs
Basic and Diluted (Losses) Earnings per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic and Diluted (Losses) Earnings per Share (in Dollars per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	71.45M	shares	3 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	54.20M	shares	3 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	71.45M	shares	1 Quarter
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	54.20M	shares	1 Quarter

Cash Flow Statement 79 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-1.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-3.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-4.66M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.54M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.73M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$11.22M	USD	3 Qtrs
(Gain) Loss on derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$2.81M	USD	3 Qtrs
(Gain) Loss on derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$729.26K	USD	3 Qtrs
Gain on acquisition	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	3 Qtrs
Gain on acquisition	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$32.50K	USD	3 Qtrs
(Recovery from) Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$-791.00	USD	3 Qtrs
(Recovery from) Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$20.12K	USD	3 Qtrs
Share-based compensation and expenses	`ShareBasedCompensation`	-	USD	3 Qtrs
Share-based compensation and expenses	`ShareBasedCompensation`	$1.56M	USD	3 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-1.20M	USD	3 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-529.13K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-376.40K	USD	1 Quarter
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$3.24M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.74M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-146.25K	USD	3 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.92M	USD	3 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$422.09K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-863.17K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.40M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-242.36K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$144.33K	USD	3 Qtrs
Advance from customers	`IncreaseDecreaseInCustomerAdvances`	$-43.16K	USD	3 Qtrs
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$-821.94K	USD	3 Qtrs
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$-149.83K	USD	3 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$92.21K	USD	3 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-42.74K	USD	3 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$522.35K	USD	3 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.00M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-265.49K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$178.90K	USD	3 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.44M	USD	3 Qtrs
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$7.43M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.78M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.68M	USD	3 Qtrs
Acquisition of land	`AcquisitionOfLand`	-	USD	3 Qtrs
Acquisition of land	`AcquisitionOfLand`	$6.51M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.19M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.78M	USD	3 Qtrs
Proceeds from issuance of shares and warrants, net	`ProceedsFromBankDebt`	-	USD	3 Qtrs
Proceeds from issuance of shares and warrants, net	`ProceedsFromBankDebt`	$41.84M	USD	3 Qtrs
Proceeds from short term bank loans	`ProceedsFromShortTermDebt`	-	USD	3 Qtrs
Proceeds from short term bank loans	`ProceedsFromShortTermDebt`	$602.32K	USD	3 Qtrs
Proceeds from long term loans	`ProceedsFromIssuanceOfOtherLongTermDebt`	$60.23K	USD	3 Qtrs
Proceeds from long term loans	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	3 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$307.18K	USD	3 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$154.58K	USD	3 Qtrs
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$154.21K	USD	3 Qtrs
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$135.61K	USD	3 Qtrs
Loan repaid by a related party	`LoanRepaidByARelatedParty`	-	USD	3 Qtrs
Loan repaid by a related party	`LoanRepaidByARelatedParty`	$6.64M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$41.55M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$6.84M	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.26M	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$109.47K	USD	3 Qtrs
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.82M	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`	$16.02M	USD	Point-in-time
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`	$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`	$16.02M	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`	$26.58M	USD	Point-in-time
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$248.28K	USD	3 Qtrs
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$485.07K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.29M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.52M	USD	3 Qtrs
Cash and bank balances	`CashBankBalances`	$26.58M	USD	3 Qtrs
Cash and bank balances	`CashBankBalances`	$16.02M	USD	3 Qtrs
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`TotalCashEquivalentsAndRestrictedCash`	$16.02M	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 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$190.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$175.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$215.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$207.97M	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`	1.46M	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	`StockIssuedDuringPeriodValueIssuedForServices`	$1.56M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.13M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-21.77M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.89M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.25M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-4.66M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.54M	USD	1 Quarter
Balance	`StockholdersEquity`	$190.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$175.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$215.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$207.97M	USD	Point-in-time

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