10-Q Filing

IT TECH PACKAGING, INC. CIK: 1358190 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-065618`
Period End Date	20230630
Filing Date	20230810
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	f10q0623_ittechpack_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 73 Cash Flow Statement 76 Stockholders Equity 15

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$881.88K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$48.65K	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$19.10M	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$16.78M	USD	Point-in-time
Cash and bank balances	`Cash`	$11.98M	USD	Point-in-time
Cash and bank balances	`Cash`	$9.52M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Restricted cash	`RestrictedCash`	-	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 $48,646 and $881,878 as of June 30, 2023 and December 31, 2022, respectively)	`AccountsReceivableNet`	-	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $48,646 and $881,878 as of June 30, 2023 and December 31, 2022, respectively)	`AccountsReceivableNet`	$2.42M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.07M	shares	Point-in-time
Inventories	`InventoryNet`	$6.57M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.07M	shares	Point-in-time
Inventories	`InventoryNet`	$2.87M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.21M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.07M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.07M	shares	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.26M	USD	Point-in-time
Due from related parties	`OtherReceivablesNetCurrent`	$7.56M	USD	Point-in-time
Due from related parties	`OtherReceivablesNetCurrent`	$7.46M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.17M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$1.03M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$2.67M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$648.40K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$672.72K	USD	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$1.94M	USD	Point-in-time
Finance lease right-of-use assets, net	`FinanceLeaseRightOfUseAsset`	$1.80M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$142.02M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$151.57M	USD	Point-in-time
Value-added tax recoverable	`ValueAddedTaxReceivableNoncurrent`	$2.07M	USD	Point-in-time
Value-added tax recoverable	`ValueAddedTaxReceivableNoncurrent`	$1.92M	USD	Point-in-time
Deferred tax asset non-current	`DeferredTaxAssetsDeferredIncome`	-	USD	Point-in-time
Deferred tax asset non-current	`DeferredTaxAssetsDeferredIncome`	-	USD	Point-in-time
Total Assets	`Assets`	$204.45M	USD	Point-in-time
Total Assets	`Assets`	$196.74M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$5.74M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$5.60M	USD	Point-in-time
Current portion of long-term loans	`LongTermDebtCurrent`	$4.84M	USD	Point-in-time
Current portion of long-term loans	`LongTermDebtCurrent`	$3.76M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$108.23K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$224.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$127.54K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.03K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	$10.19K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	-	USD	Point-in-time
Due to related parties	`OtherLiabilitiesCurrent`	$727.46K	USD	Point-in-time
Due to related parties	`OtherLiabilitiesCurrent`	$810.63K	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$165.99K	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$308.90K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$6.10M	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$5.67M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$337.68K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$417.91K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.30M	USD	Point-in-time
Long-term loans	`DeferredRevenueAndCreditsCurrent`	$4.20M	USD	Point-in-time
Long-term loans	`DeferredRevenueAndCreditsCurrent`	$7.44M	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$7.20K	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$52.31K	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$580.00K	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$559.03K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$660.69K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$646.28K	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $19,100,011 and $16,784,878 as of June 30, 2023 and December 31, 2022, respectively)	`Liabilities`	$25.97M	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $19,100,011 and $16,784,878 as of June 30, 2023 and December 31, 2022, respectively)	`Liabilities`	$23.12M	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, 10,065,920 shares issued and outstanding as of June 30, 2023 and December, 31, 2022.	`CommonStockValue`	$10.07K	USD	Point-in-time
Common stock, 50,000,000 shares authorized, $0.001 par value per share, 10,065,920 shares issued and outstanding as of June 30, 2023 and December, 31, 2022.	`CommonStockValue`	$10.07K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$89.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$89.17M	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	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$89.59M	USD	Point-in-time
Retained earnings	`RetainedEarningsUnappropriated`	$93.58M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$181.32M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$215.75M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$170.78M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$202.38M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$204.45M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$196.74M	USD	Point-in-time

Income Statement 73 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$47.27M	USD	2 Qtrs
Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Revenues	`Revenues`	$30.02M	USD	1 Quarter
Revenues	`Revenues`	$31.79M	USD	1 Quarter
Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.28	USD	2 Qtrs
Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.40	USD	2 Qtrs
Revenues	`Revenues`	$49.81M	USD	2 Qtrs
Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.12	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$31.15M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$28.84M	USD	1 Quarter
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.92M	shares	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$46.33M	USD	2 Qtrs
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.07M	shares	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$48.91M	USD	2 Qtrs
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.92M	shares	1 Quarter
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.07M	shares	1 Quarter
Gross Profit	`GrossProfit`	$944.48K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$902.86K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$1.18M	USD	1 Quarter
Gross Profit	`GrossProfit`	$634.04K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.87M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.82M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.32M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$5.17M	USD	2 Qtrs
Loss on impairment of assets	`GoodwillAndIntangibleAssetImpairment`	$375.14K	USD	2 Qtrs
Loss on impairment of assets	`GoodwillAndIntangibleAssetImpairment`	$375.14K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-1.24M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-3.29M	USD	2 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-518.68K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-4.23M	USD	2 Qtrs
Interest income	`SubsidyIncome`	$189.91K	USD	2 Qtrs
Interest income	`SubsidyIncome`	$53.64K	USD	1 Quarter
Interest income	`SubsidyIncome`	$8.38K	USD	2 Qtrs
Interest income	`SubsidyIncome`	$4.92K	USD	1 Quarter
Interest expense	`InterestExpense`	$529.92K	USD	2 Qtrs
Interest expense	`InterestExpense`	$270.68K	USD	1 Quarter
Interest expense	`InterestExpense`	$259.11K	USD	1 Quarter
Interest expense	`InterestExpense`	$519.85K	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
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$-166.51K	USD	1 Quarter
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$1.35M	USD	2 Qtrs
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$-14.41K	USD	2 Qtrs
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$960.04K	USD	1 Quarter
Loss before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-531.74K	USD	1 Quarter
Loss before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-3.64M	USD	2 Qtrs
Loss before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-902.23K	USD	1 Quarter
Loss before Income Taxes	`IncomeLossBeforeIncomeTaxes`	$-3.37M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-592.82K	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-243.83K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$351.26K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$351.26K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-2.78M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-287.91K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-3.99M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.25M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-11.52M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-9.06M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-10.60M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-6.56M	USD	2 Qtrs
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-13.37M	USD	2 Qtrs
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-10.32M	USD	1 Quarter
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-10.55M	USD	2 Qtrs
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-11.81M	USD	1 Quarter
Basic and Diluted Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.28	USD	2 Qtrs
Basic and Diluted Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.12	USD	1 Quarter
Basic and Diluted Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic and Diluted Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.40	USD	2 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.92M	shares	1 Quarter
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.07M	shares	1 Quarter
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.92M	shares	2 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.07M	shares	2 Qtrs

Cash Flow Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-2.78M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-287.91K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-3.99M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-1.25M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.15M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.59M	USD	2 Qtrs
(Gain) Loss on derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$-14.41K	USD	2 Qtrs
(Gain) Loss on derivative liability	`GainLossOnDerivativeInstrumentsNetPretax`	$1.35M	USD	2 Qtrs
(Gain) Loss from disposal and impairment of property, plant and equipment	`AllocatedShareBasedCompensationExpense`	$501.93K	USD	2 Qtrs
(Gain) Loss from disposal and impairment of property, plant and equipment	`AllocatedShareBasedCompensationExpense`	-	USD	2 Qtrs
Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$-14.73K	USD	2 Qtrs
Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$-830.85K	USD	2 Qtrs
Gain on acquisition	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$33.18K	USD	2 Qtrs
Gain on acquisition	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	2 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-821.23K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.67M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-845.45K	USD	2 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.96M	USD	2 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.63M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.11M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.94M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$7.59K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$127.22K	USD	2 Qtrs
Advance from customers	`IncreaseDecreaseInCustomerAdvances`	$10.57K	USD	2 Qtrs
Advance from customers	`IncreaseDecreaseInCustomerAdvances`	-	USD	2 Qtrs
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$-90.62K	USD	2 Qtrs
Related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-49.53K	USD	2 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$154.40K	USD	2 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$743.94K	USD	2 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$553.31K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-859.64K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-67.52K	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$5.75M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$3.95M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.57M	USD	2 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$681.64K	USD	2 Qtrs
Acquisition of land	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Acquisition of land	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.64M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.32M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.57M	USD	2 Qtrs
Proceeds from short term bank loans	`ProceedsFromShortTermDebt`	$860.92K	USD	2 Qtrs
Proceeds from short term bank loans	`ProceedsFromShortTermDebt`	-	USD	2 Qtrs
Proceeds from long term loans	`ProceedsFromIssuanceOfOtherLongTermDebt`	$2.58M	USD	2 Qtrs
Proceeds from long term loans	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	2 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	-	USD	2 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$507.94K	USD	2 Qtrs
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$112.14K	USD	2 Qtrs
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$102.90K	USD	2 Qtrs
Loan to a related party (net)	`LoanToARelatedPartynet`	-	USD	2 Qtrs
Loan to a related party (net)	`LoanToARelatedPartynet`	$6.78M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$6.67M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.82M	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-157.00K	USD	2 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-548.71K	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.46M	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`	$14.34M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.52M	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`	$11.98M	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`	$9.52M	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`	$11.98M	USD	Point-in-time
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$199.01K	USD	2 Qtrs
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$165.63K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$418.77K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.09M	USD	2 Qtrs
Cash and bank balances	`CashAndBankBalances`	$11.98M	USD	2 Qtrs
Cash and bank balances	`CashAndBankBalances`	$14.34M	USD	2 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	`TotalCashCashEquivalentsAndRestrictedCash`	$11.98M	USD	2 Qtrs
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`TotalCashCashEquivalentsAndRestrictedCash`	$14.34M	USD	2 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$181.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$215.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$170.78M	USD	Point-in-time
Balance	`StockholdersEquity`	$202.38M	USD	Point-in-time
Issuance of shares to officer and directors	`StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan`	-	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-10.60M	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-6.56M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.78M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-287.91K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-3.99M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-1.25M	USD	1 Quarter
Balance	`StockholdersEquity`	$181.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$215.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$170.78M	USD	Point-in-time
Balance	`StockholdersEquity`	$202.38M	USD	Point-in-time

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