10-Q Filing

IT TECH PACKAGING, INC. CIK: 1358190 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-085251`
Period End Date	20230930
Filing Date	20231109
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	f10q0923_ittechpack_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 77 Cash Flow Statement 80 Stockholders Equity 20

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivable`	$881.88K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivable`	$56.67K	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$12.01M	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$16.78M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	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
Common stock, shares issued	`CommonStockSharesIssued`	10.07M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.07M	shares	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
Cash and bank balances	`Cash`	$9.44M	USD	Point-in-time
Cash and bank balances	`Cash`	$9.52M	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $56,674 and $881,878 as of September 30, 2023 and December 31, 2022, respectively)	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $56,674 and $881,878 as of September 30, 2023 and December 31, 2022, respectively)	`AccountsReceivableNetCurrent`	$2.79M	USD	Point-in-time
Inventories	`InventoryNet`	$2.87M	USD	Point-in-time
Inventories	`InventoryNet`	$5.36M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.21M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$41.06M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.17M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$877.46K	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$1.03M	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$672.72K	USD	Point-in-time
Operating lease right-of-use assets, net	`OperatingLeaseRightOfUseAsset`	$562.61K	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`	-	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$144.60M	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`	$1.89M	USD	Point-in-time
Deferred tax asset non-current	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Deferred tax asset non-current	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Total Assets	`Assets`	$189.00M	USD	Point-in-time
Total Assets	`Assets`	$204.45M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$835.68K	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$5.60M	USD	Point-in-time
Current portion of long-term loans	`LongTermDebtCurrent`	$4.71M	USD	Point-in-time
Current portion of long-term loans	`LongTermDebtCurrent`	$4.84M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$96.75K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$224.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$104.15K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	-	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	$18.75K	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$165.99K	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$299.91K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$4.86M	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$5.67M	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$417.91K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$17.64M	USD	Point-in-time
Long-term loans	`LongTermDebtNoncurrent`	$6.56M	USD	Point-in-time
Long-term loans	`LongTermDebtNoncurrent`	$4.20M	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	$52.31K	USD	Point-in-time
Deferred gain on sale-leaseback	`DeferredGainOnSaleleaseback`	-	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$465.87K	USD	Point-in-time
Lease liability - non-current	`OperatingLeaseLiabilityNoncurrent`	$580.00K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$646.28K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$263.00	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $12,010,014 and $16,784,878 as of September 30, 2023 and December 31, 2022, respectively)	`Liabilities`	$23.12M	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $12,010,014 and $16,784,878 as of September 30, 2023 and December 31, 2022, respectively)	`Liabilities`	$19.05M	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 September 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 September 30, 2023 and December, 31, 2022.	`CommonStockValue`	$10.07K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$89.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$89.17M	USD	Point-in-time
Statutory earnings reserve	`StatutoryEarningsReserve`	$6.08M	USD	Point-in-time
Statutory earnings reserve	`StatutoryEarningsReserve`	$6.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.51M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$87.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$93.58M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$215.75M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$189.47M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$169.94M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$181.32M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$189.00M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$204.45M	USD	Point-in-time

Income Statement 77 line items

Line Item	Tag	Value	Unit	Period
Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.47	USD	3 Qtrs
Revenues	`Revenues`	$31.71M	USD	1 Quarter
Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.19	USD	1 Quarter
Revenues	`Revenues`	$15.77M	USD	1 Quarter
Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.20	USD	1 Quarter
Revenues	`Revenues`	$78.98M	USD	3 Qtrs
Revenues	`Revenues`	$65.58M	USD	3 Qtrs
Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.59	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$15.92M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$64.83M	USD	3 Qtrs
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.94M	shares	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$28.93M	USD	1 Quarter
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.07M	shares	1 Quarter
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.07M	shares	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSoldOverhead`	$75.25M	USD	3 Qtrs
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.99M	shares	1 Quarter
Gross (Loss) Profit	`GrossProfit`	$2.78M	USD	1 Quarter
Gross (Loss) Profit	`GrossProfit`	$749.64K	USD	3 Qtrs
Gross (Loss) Profit	`GrossProfit`	$3.73M	USD	3 Qtrs
Gross (Loss) Profit	`GrossProfit`	$-153.22K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.54M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.37M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.15M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.33M	USD	1 Quarter
Loss on impairment of assets	`GoodwillAndIntangibleAssetImpairment`	$371.68K	USD	3 Qtrs
Loss on impairment of assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	1 Quarter
Loss on impairment of assets	`GoodwillAndIntangibleAssetImpairment`	$-3.46K	USD	1 Quarter
Loss on impairment of assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-586.95K	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-4.81M	USD	3 Qtrs
Loss from Operations	`OperatingIncomeLoss`	$-2.48M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-5.78M	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$16.11K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$20.40K	USD	Point-in-time
Interest income	`InterestIncomeOther`	$283.20K	USD	3 Qtrs
Interest income	`InterestIncomeOther`	$93.30K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$7.73K	USD	1 Quarter
Interest expense	`InterestExpense`	$256.68K	USD	1 Quarter
Interest expense	`InterestExpense`	$786.60K	USD	3 Qtrs
Interest expense	`InterestExpense`	$767.67K	USD	3 Qtrs
Interest expense	`InterestExpense`	$247.82K	USD	1 Quarter
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	$-1.76K	USD	1 Quarter
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	$30.40K	USD	3 Qtrs
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	1 Quarter
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	3 Qtrs
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$646.02K	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
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$660.43K	USD	1 Quarter
Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.61M	USD	3 Qtrs
Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.46M	USD	1 Quarter
Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.82M	USD	3 Qtrs
Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.98M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-3.24K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-160.53K	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$432.29K	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$348.02K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-4.66M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.98M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-5.96M	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-1.89M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-5.42M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-21.77M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.14M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-11.17M	USD	1 Quarter
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-26.43M	USD	3 Qtrs
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-11.38M	USD	3 Qtrs
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-831.76K	USD	1 Quarter
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-13.06M	USD	1 Quarter
Basic and Diluted Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.19	USD	1 Quarter
Basic and Diluted Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.59	USD	3 Qtrs
Basic and Diluted Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.47	USD	3 Qtrs
Basic and Diluted Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.20	USD	1 Quarter
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.99M	shares	1 Quarter
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.07M	shares	3 Qtrs
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.07M	shares	1 Quarter
Outstanding Basic and Diluted (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.94M	shares	3 Qtrs

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-4.66M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-1.98M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-5.96M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-1.89M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.57M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$11.22M	USD	3 Qtrs
(Gain) Loss on derivative liability	`GainLossOnSaleOfDerivatives`	$729.26K	USD	3 Qtrs
(Gain) Loss on derivative liability	`GainLossOnSaleOfDerivatives`	$646.02K	USD	3 Qtrs
(Gain) Loss from disposal and impairment of property, plant and equipment	`GainLossOnDispositionOfAssets1`	$-956.41K	USD	3 Qtrs
(Gain) Loss from disposal and impairment of property, plant and equipment	`GainLossOnDispositionOfAssets1`	-	USD	3 Qtrs
Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$-791.00	USD	3 Qtrs
Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$-815.32K	USD	3 Qtrs
Share-based compensation and expenses	`ShareBasedCompensation`	-	USD	3 Qtrs
Share-based compensation and expenses	`ShareBasedCompensation`	$1.56M	USD	3 Qtrs
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	$-1.76K	USD	1 Quarter
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	$30.40K	USD	3 Qtrs
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	1 Quarter
Gain on acquisition	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	3 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-1.20M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-146.25K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.04M	USD	3 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.97M	USD	3 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$422.09K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-863.17K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.63M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$101.33K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$144.33K	USD	3 Qtrs
Advance from customers	`IncreaseDecreaseInCustomerAdvances`	$19.14K	USD	3 Qtrs
Advance from customers	`IncreaseDecreaseInCustomerAdvances`	-	USD	3 Qtrs
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$120.30K	USD	3 Qtrs
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$-149.83K	USD	3 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-42.74K	USD	3 Qtrs
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$141.77K	USD	3 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$119.13K	USD	3 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.00M	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-413.78K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-265.49K	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$7.43M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$7.49M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.21M	USD	3 Qtrs
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.68M	USD	3 Qtrs
Acquisition of land	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisition of land	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.51M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.19M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.21M	USD	3 Qtrs
Proceeds from short term bank loans	`ProceedsFromShortTermDebt`	$852.99K	USD	3 Qtrs
Proceeds from short term bank loans	`ProceedsFromShortTermDebt`	$602.32K	USD	3 Qtrs
Proceeds from long term loans	`ProceedsFromIssuanceOfOtherLongTermDebt`	$2.56M	USD	3 Qtrs
Proceeds from long term loans	`ProceedsFromIssuanceOfOtherLongTermDebt`	$60.23K	USD	3 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$307.18K	USD	3 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$5.55M	USD	3 Qtrs
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$154.21K	USD	3 Qtrs
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$130.47K	USD	3 Qtrs
Loan to a related party (net)	`LoanToARelatedPartynet`	$4.26M	USD	3 Qtrs
Loan to a related party (net)	`LoanToARelatedPartynet`	$6.64M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$6.84M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$2.00M	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-366.60K	USD	3 Qtrs
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-1.27M	USD	3 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-86.93K	USD	3 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.82M	USD	3 Qtrs
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`	$9.52M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.44M	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`	$9.52M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.44M	USD	Point-in-time
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$1.12M	USD	3 Qtrs
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$248.28K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$1.29M	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$761.80K	USD	3 Qtrs
Cash and bank balances	`CashAndBankBalances`	$16.02M	USD	3 Qtrs
Cash and bank balances	`CashAndBankBalances`	$9.44M	USD	3 Qtrs
Restricted cash	`RestrictedCashEquivalentsCurrent`	-	USD	Point-in-time
Restricted cash	`RestrictedCashEquivalentsCurrent`	-	USD	Point-in-time
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$16.02M	USD	Point-in-time
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$9.44M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$215.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$189.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$169.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$181.32M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	10.07M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	10.07M	shares	Point-in-time
Issuance of shares to officer and directors	`StockIssuedDuringPeriodValueNewIssues`	-	USD	3 Qtrs
Issuance of shares to officer and directors	`StockIssuedDuringPeriodValueNewIssues`	$156.00K	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-21.77M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-5.42M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-4.66M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.98M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.96M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.89M	USD	1 Quarter
Balance	`StockholdersEquity`	$215.75M	USD	Point-in-time
Balance	`StockholdersEquity`	$189.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$169.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$181.32M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	10.07M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	10.07M	shares	Point-in-time

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