10-Q Filing

Greenland Technologies Holding Corp. CIK: 1735041 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-069358`
Period End Date	20230630
Filing Date	20230821
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	f10q0623_greenlandtech_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 106 Cash Flow Statement 95 Stockholders Equity 24

Balance Sheet 96 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, net of allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$762.33K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$16.30M	USD	Point-in-time
Ordinary shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.23M	USD	Point-in-time
Ordinary shares, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$3.82M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$3.43M	USD	Point-in-time
Short Term Investment	`ShortTermInvestments`	$7.80M	USD	Point-in-time
Short Term Investment	`ShortTermInvestments`	$5.65M	USD	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	12.98M	shares	Point-in-time
Ordinary shares, issued	`CommonStockSharesIssued`	12.98M	shares	Point-in-time
Notes receivable	`AccountsAndOtherReceivablesNetCurrent`	$28.75M	USD	Point-in-time
Notes receivable	`AccountsAndOtherReceivablesNetCurrent`	$31.37M	USD	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	12.98M	shares	Point-in-time
Ordinary shares, outstanding	`CommonStockSharesOutstanding`	12.98M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,104,705 and $762,325, respectively	`AccountsReceivableNetCurrent`	$20.91M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $1,104,705 and $762,325, respectively	`AccountsReceivableNetCurrent`	$14.34M	USD	Point-in-time
Inventories	`InventoryNet`	$23.10M	USD	Point-in-time
Inventories	`InventoryNet`	$20.22M	USD	Point-in-time
Due from related parties-current	`OtherReceivablesNetCurrent`	$34.68M	USD	Point-in-time
Due from related parties-current	`OtherReceivablesNetCurrent`	$36.67M	USD	Point-in-time
Advance to suppliers	`Supplies`	$1.07M	USD	Point-in-time
Advance to suppliers	`Supplies`	$412.77K	USD	Point-in-time
Prepayments and other current assets	`OtherAssetsCurrent`	$375.50K	USD	Point-in-time
Prepayments and other current assets	`OtherAssetsCurrent`	$1.57M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$132.36M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$133.31M	USD	Point-in-time
Property, plant, equipment and construction in progress, net	`PropertyPlantAndEquipmentNet`	$15.59M	USD	Point-in-time
Property, plant, equipment and construction in progress, net	`PropertyPlantAndEquipmentNet`	$14.13M	USD	Point-in-time
Land use rights, net	`LandUseRightNet`	$3.42M	USD	Point-in-time
Land use rights, net	`LandUseRightNet`	$3.64M	USD	Point-in-time
Other intangible assets	`OtherIntangibleAssetsNet`	$120.95K	USD	Point-in-time
Other intangible assets	`OtherIntangibleAssetsNet`	$147.47K	USD	Point-in-time
Long term investment	`LongTermInvestments`	$250.00K	USD	Point-in-time
Long term investment	`LongTermInvestments`	$300.00K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsDeferredIncome`	$219.21K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsDeferredIncome`	$277.22K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.63M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$2.38M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$283.12K	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$255.98K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$20.88M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$22.75M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$155.12M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$154.20M	USD	Point-in-time
Short-term bank loans	`ShortTermBorrowings`	$8.99M	USD	Point-in-time
Short-term bank loans	`ShortTermBorrowings`	$7.31M	USD	Point-in-time
Notes payable-bank acceptance notes	`NotesPayablebankAcceptanceNotes`	$28.27M	USD	Point-in-time
Notes payable-bank acceptance notes	`NotesPayablebankAcceptanceNotes`	$28.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.98M	USD	Point-in-time
Taxes payables	`TaxesPayableCurrent`	$192.48K	USD	Point-in-time
Taxes payables	`TaxesPayableCurrent`	-	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$217.67K	USD	Point-in-time
Customer deposits	`ContractWithCustomerLiabilityCurrent`	$227.43K	USD	Point-in-time
Due to related parties	`Duetorelatedparties`	$1.69M	USD	Point-in-time
Due to related parties	`Duetorelatedparties`	$1.69M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$1.55M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.43M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$533.16K	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$472.18K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$65.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.21M	USD	Point-in-time
Long term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$1.93M	USD	Point-in-time
Long term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$2.18M	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$1.81M	USD	Point-in-time
Other long-term liabilities	`OtherLongTermDebtNoncurrent`	$1.64M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.99M	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$3.57M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$70.20M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$68.86M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares, no par value, unlimited shares authorized; 12,978,504 and 12,978,504 shares issued and outstanding as of June 30, 2023 and December 31, 2022.	`CommonStockValue`	-	USD	Point-in-time
Ordinary shares, no par value, unlimited shares authorized; 12,978,504 and 12,978,504 shares issued and outstanding as of June 30, 2023 and December 31, 2022.	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$32.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$32.96M	USD	Point-in-time
Statutory reserves	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired`	$3.84M	USD	Point-in-time
Statutory reserves	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired`	$3.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$41.07M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$37.23M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.80M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.83M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$71.20M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$72.07M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$13.27M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$13.72M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$78.21M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$87.69M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$85.34M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$84.92M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.51M	USD	Point-in-time
TOTAL EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.84M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$155.12M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$154.20M	USD	Point-in-time

Income Statement 106 line items

Line Item	Tag	Value	Unit	Period
Diluted weighted average ordinary shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.33M	shares	1 Quarter
REVENUES	`Revenues`	$20.60M	USD	1 Quarter
Diluted weighted average ordinary shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.98M	shares	1 Quarter
REVENUES	`Revenues`	$23.57M	USD	1 Quarter
Diluted weighted average ordinary shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.33M	shares	2 Qtrs
REVENUES	`Revenues`	$45.72M	USD	2 Qtrs
REVENUES	`Revenues`	$49.91M	USD	2 Qtrs
Diluted weighted average ordinary shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	12.98M	shares	2 Qtrs
COST OF GOODS SOLD	`CostOfRevenue`	$33.27M	USD	2 Qtrs
COST OF GOODS SOLD	`CostOfRevenue`	$15.76M	USD	1 Quarter
Diluted net income per ordinary share	`EarningsPerShareDiluted`	$0.29	USD	2 Qtrs
Diluted net income per ordinary share	`EarningsPerShareDiluted`	$0.13	USD	1 Quarter
Diluted net income per ordinary share	`EarningsPerShareDiluted`	$0.30	USD	2 Qtrs
COST OF GOODS SOLD	`CostOfRevenue`	$16.64M	USD	1 Quarter
Diluted net income per ordinary share	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
COST OF GOODS SOLD	`CostOfRevenue`	$38.70M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$11.21M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$12.45M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$6.93M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$4.84M	USD	1 Quarter
Selling expenses	`SellingExpense`	$1.16M	USD	2 Qtrs
Selling expenses	`SellingExpense`	$961.52K	USD	2 Qtrs
Selling expenses	`SellingExpense`	$574.04K	USD	1 Quarter
Selling expenses	`SellingExpense`	$518.09K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.24M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.52M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.16M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.52M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$862.53K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$2.55M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$1.95M	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$1.43M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.52M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$5.63M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$6.67M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.63M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$5.58M	USD	2 Qtrs
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$2.21M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$3.41M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$5.78M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$9.89K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$75.08K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$22.45K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$44.68K	USD	1 Quarter
Interest expense	`InterestExpense`	$196.66K	USD	2 Qtrs
Interest expense	`InterestExpense`	$146.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$91.65K	USD	1 Quarter
Interest expense	`InterestExpense`	$79.50K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-394.00	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$10.00	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-239.00	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-239.00	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$501.71K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$-128.77K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$288.61K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$762.74K	USD	2 Qtrs
INCOME BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.63M	USD	1 Quarter
INCOME BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.25M	USD	1 Quarter
INCOME BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.00M	USD	2 Qtrs
INCOME BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$6.17M	USD	2 Qtrs
INCOME TAX	`IncomeTaxExpenseBenefit`	$254.43K	USD	1 Quarter
INCOME TAX	`IncomeTaxExpenseBenefit`	$601.67K	USD	2 Qtrs
INCOME TAX	`IncomeTaxExpenseBenefit`	$873.80K	USD	2 Qtrs
INCOME TAX	`IncomeTaxExpenseBenefit`	$304.81K	USD	1 Quarter
NET INCOME	`ProfitLoss`	$5.29M	USD	2 Qtrs
NET INCOME	`ProfitLoss`	$2.38M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$2.94M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$2.46M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$2.91M	USD	1 Quarter
NET INCOME	`ProfitLoss`	$5.40M	USD	2 Qtrs
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.02M	USD	2 Qtrs
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.55M	USD	2 Qtrs
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	$541.06K	USD	1 Quarter
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	`NetIncomeLossAttributableToNoncontrollingInterest`	$892.16K	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO GREENLAND TECHNOLOGIES HOLDING CORPORATION AND SUBSIDIARIES	`NetIncomeLoss`	$3.27M	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO GREENLAND TECHNOLOGIES HOLDING CORPORATION AND SUBSIDIARIES	`NetIncomeLoss`	$2.40M	USD	1 Quarter
NET INCOME ATTRIBUTABLE TO GREENLAND TECHNOLOGIES HOLDING CORPORATION AND SUBSIDIARIES	`NetIncomeLoss`	$3.85M	USD	2 Qtrs
NET INCOME ATTRIBUTABLE TO GREENLAND TECHNOLOGIES HOLDING CORPORATION AND SUBSIDIARIES	`NetIncomeLoss`	$1.49M	USD	1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS):	`OtherComprehensiveIncomeLossNetOfTax`	$-4.08M	USD	1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS):	`OtherComprehensiveIncomeLossNetOfTax`	$-4.27M	USD	2 Qtrs
OTHER COMPREHENSIVE INCOME (LOSS):	`OtherComprehensiveIncomeLossNetOfTax`	$-4.59M	USD	1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS):	`OtherComprehensiveIncomeLossNetOfTax`	$-3.70M	USD	2 Qtrs
Unrealized foreign currency translation income (loss) attributable to Greenland Technologies Holding Corporation and subsidiaries	`UnrealizedForeignCurrencyTranslationIncomelossAttributableToGreenlandTechnologiesHoldin`	$-2.97M	USD	2 Qtrs
Unrealized foreign currency translation income (loss) attributable to Greenland Technologies Holding Corporation and subsidiaries	`UnrealizedForeignCurrencyTranslationIncomelossAttributableToGreenlandTechnologiesHoldin`	$-2.72M	USD	1 Quarter
Unrealized foreign currency translation income (loss) attributable to Greenland Technologies Holding Corporation and subsidiaries	`UnrealizedForeignCurrencyTranslationIncomelossAttributableToGreenlandTechnologiesHoldin`	$-3.19M	USD	1 Quarter
Unrealized foreign currency translation income (loss) attributable to Greenland Technologies Holding Corporation and subsidiaries	`UnrealizedForeignCurrencyTranslationIncomelossAttributableToGreenlandTechnologiesHoldin`	$-2.47M	USD	2 Qtrs
Unrealized foreign currency translation income (loss) attributable to Noncontrolling interest	`UnrealizedForeignCurrencyTranslationIncomeAttributableToNoncontrollingInterest`	$-1.41M	USD	1 Quarter
Unrealized foreign currency translation income (loss) attributable to Noncontrolling interest	`UnrealizedForeignCurrencyTranslationIncomeAttributableToNoncontrollingInterest`	$-1.23M	USD	2 Qtrs
Unrealized foreign currency translation income (loss) attributable to Noncontrolling interest	`UnrealizedForeignCurrencyTranslationIncomeAttributableToNoncontrollingInterest`	$-1.30M	USD	2 Qtrs
Unrealized foreign currency translation income (loss) attributable to Noncontrolling interest	`UnrealizedForeignCurrencyTranslationIncomeAttributableToNoncontrollingInterest`	$-1.36M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$802.36K	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-1.23M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$873.10K	USD	2 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-786.22K	USD	1 Quarter
Noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$251.87K	USD	2 Qtrs
Noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$790.32K	USD	2 Qtrs
Noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-463.25K	USD	1 Quarter
Noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-864.71K	USD	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.33M	shares	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.98M	shares	1 Quarter
Basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	12.98M	shares	2 Qtrs
Basic and diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.33M	shares	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$0.29	USD	2 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$0.30	USD	2 Qtrs
Basic and diluted (in Dollars per share)	`EarningsPerShareBasic`	$0.13	USD	1 Quarter

Cash Flow Statement 95 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$5.29M	USD	2 Qtrs
Net income	`ProfitLoss`	$2.38M	USD	1 Quarter
Net income	`ProfitLoss`	$2.94M	USD	1 Quarter
Net income	`ProfitLoss`	$2.46M	USD	1 Quarter
Net income	`ProfitLoss`	$2.91M	USD	1 Quarter
Net income	`ProfitLoss`	$5.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.07M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.21M	USD	2 Qtrs
Amortization of deferred subsidy	`OtherAmortizationOfDeferredCharges`	-	USD	2 Qtrs
Amortization of deferred subsidy	`OtherAmortizationOfDeferredCharges`	$87.03K	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-394.00	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$10.00	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-239.00	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-239.00	USD	2 Qtrs
Increase in allowance for doubtful accounts	`IncreaseInAllowanceForDoubtfulAccount`	$397.30K	USD	2 Qtrs
Increase in allowance for doubtful accounts	`IncreaseInAllowanceForDoubtfulAccount`	$5.07K	USD	2 Qtrs
Increase in provision for inventory	`IncreaseInProvisionForInventory`	$23.34K	USD	2 Qtrs
Increase in provision for inventory	`IncreaseInProvisionForInventory`	$-55.04K	USD	2 Qtrs
Deferred tax assets	`DeferredTaxAssets`	-	USD	2 Qtrs
Deferred tax assets	`DeferredTaxAssets`	$71.92K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.15M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.01M	USD	2 Qtrs
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$4.21M	USD	2 Qtrs
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$-2.79M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.78M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-643.28K	USD	2 Qtrs
Advance to suppliers	`AdvancesToSuppliers`	$707.63K	USD	2 Qtrs
Advance to suppliers	`AdvancesToSuppliers`	$298.31K	USD	2 Qtrs
Other current and noncurrent assets	`IncreaseDecreaseOtherCurrentAndNoncurrentAssets`	$-5.92M	USD	2 Qtrs
Other current and noncurrent assets	`IncreaseDecreaseOtherCurrentAndNoncurrentAssets`	$3.10M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.44M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.86M	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInSecurityDeposits`	$-99.92K	USD	2 Qtrs
Customer deposits	`IncreaseDecreaseInSecurityDeposits`	$1.41K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$332.44K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-436.37K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-105.98K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-191.61K	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$82.14K	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$147.17K	USD	2 Qtrs
Long-term payables-Unamortized deferred financing costs	`LongtermPayablesUnamortizedDeferredFinancingCosts`	-	USD	2 Qtrs
Long-term payables-Unamortized deferred financing costs	`LongtermPayablesUnamortizedDeferredFinancingCosts`	$-194.10K	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-174.07K	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-438.17K	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-1.67M	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-391.72K	USD	2 Qtrs
Purchases of long term assets	`PaymentsToAcquireLandHeldForUse`	$133.94K	USD	2 Qtrs
Purchases of long term assets	`PaymentsToAcquireLandHeldForUse`	$277.70K	USD	2 Qtrs
Proceeds from government grants for construction	`Proceedsfromgovernmentgrantsforconstruction`	$312.07K	USD	2 Qtrs
Investment in a joint venture	`PaymentsToAcquireInterestInJointVenture`	$50.00K	USD	2 Qtrs
Investment in a joint venture	`PaymentsToAcquireInterestInJointVenture`	-	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-327.70K	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$178.13K	USD	2 Qtrs
Proceeds from short-term bank loans	`ProceedsFromShortTermDebt`	$2.60M	USD	2 Qtrs
Proceeds from short-term bank loans	`ProceedsFromShortTermDebt`	$1.54M	USD	2 Qtrs
Repayments of short-term bank loans	`RepaymentsOfOtherDebt`	$3.89M	USD	2 Qtrs
Repayments of short-term bank loans	`RepaymentsOfOtherDebt`	$769.50K	USD	2 Qtrs
Notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$-6.49M	USD	2 Qtrs
Notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$1.29M	USD	2 Qtrs
Proceeds from related parties	`ProceedsFromRelatedParties`	-	USD	2 Qtrs
Proceeds from related parties	`ProceedsFromRelatedParties`	$214.25K	USD	2 Qtrs
Repayment of loans from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of loans from related parties	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-1.95M	USD	2 Qtrs
Repayment of loans from third parties	`RepaymentsOfOtherLongTermDebt`	$433.01K	USD	2 Qtrs
Repayment of loans from third parties	`RepaymentsOfOtherLongTermDebt`	-	USD	2 Qtrs
Proceeds from third parties	`PrepaymentOfLeasefinancingObligations`	$-1.88M	USD	2 Qtrs
Proceeds from third parties	`PrepaymentOfLeasefinancingObligations`	-	USD	2 Qtrs
Dividend paid	`PaymentsOfDividends`	-	USD	2 Qtrs
Dividend paid	`PaymentsOfDividends`	$703.60K	USD	2 Qtrs
Payment of principal on financing lease obligation	`FinanceLeasePrincipalPayments`	-	USD	2 Qtrs
Payment of principal on financing lease obligation	`FinanceLeasePrincipalPayments`	$192.38K	USD	2 Qtrs
Proceeds from equity and debt financing	`ProceedsFromEquityAndDebtFinancing`	$77.07K	USD	2 Qtrs
Proceeds from equity and debt financing	`ProceedsFromEquityAndDebtFinancing`	-	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$-7.78M	USD	2 Qtrs
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$944.07K	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-9.27M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$224.66K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-905.77K	USD	2 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-491.54K	USD	2 Qtrs
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.73M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.80M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.05M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.04M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.73M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.80M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.05M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.04M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	$265.36K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$548.03K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$152.46K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$224.55K	USD	2 Qtrs
Bank balances and cash	`BankBalancesAndCash`	$15.23M	USD	Point-in-time
Bank balances and cash	`BankBalancesAndCash`	$3.22M	USD	Point-in-time
Bank balances and cash included in assets classified as restricted cash	`BankBalancesAndCashIncludedInAssetsClassifiedAsRestrictedCash`	$4.82M	USD	Point-in-time
Bank balances and cash included in assets classified as restricted cash	`BankBalancesAndCashIncludedInAssetsClassifiedAsRestrictedCash`	$3.82M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$78.21M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$87.69M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$85.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$84.92M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.51M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.84M	USD	Point-in-time
Sale of shares and warrants	`StockIssuedDuringPeriodValueNewIssues`	$77.07K	USD	1 Quarter
Net income	`ProfitLoss`	$5.29M	USD	2 Qtrs
Net income	`ProfitLoss`	$2.38M	USD	1 Quarter
Net income	`ProfitLoss`	$2.94M	USD	1 Quarter
Net income	`ProfitLoss`	$2.46M	USD	1 Quarter
Net income	`ProfitLoss`	$2.91M	USD	1 Quarter
Net income	`ProfitLoss`	$5.40M	USD	2 Qtrs
Dividend	`Dividends`	$703.60K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.08M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.59M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$373.91K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$317.33K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$78.21M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$87.69M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$85.34M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$84.92M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$76.51M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$74.84M	USD	Point-in-time

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