10-K Filing

IT TECH PACKAGING, INC. CIK: 1358190 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001213900-24-026607`
Period End Date	20231231
Filing Date	20240327
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	ea0202381-10k_ittech_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 38 Cash Flow Statement 80 Stockholders Equity 15

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivable`	$11.74K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivable`	$69.05K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivable`	$881.88K	USD	Point-in-time
Consolidated VIE, liabilities (in Dollars)	`VariableInterestEntityConsolidatedCarryingAmountLiabilities1`	$20.08M	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`	$3.92M	USD	Point-in-time
Cash and bank balances	`Cash`	$9.52M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$472.98K	USD	Point-in-time
Restricted cash	`RestrictedCash`	-	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $11,745 and $881,878 as of December 31, 2023 and December 31, 2022, respectively)	`AccountsReceivableNetCurrent`	$575.53K	USD	Point-in-time
Accounts receivable (net of allowance for doubtful accounts of $11,745 and $881,878 as of December 31, 2023 and December 31, 2022, respectively)	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Inventories	`InventoryNet`	$2.87M	USD	Point-in-time
Inventories	`InventoryNet`	$3.56M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$27.21M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.17M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$28.36M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	$1.03M	USD	Point-in-time
Prepayment on property, plant and equipment	`PrepaidExpenseNoncurrent`	-	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`	$528.65K	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`	$151.57M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$163.97M	USD	Point-in-time
Value-added tax recoverable	`ValueAddedTaxReceivableNoncurrent`	$1.88M	USD	Point-in-time
Value-added tax recoverable	`ValueAddedTaxReceivableNoncurrent`	$2.07M	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`	$194.74M	USD	Point-in-time
Total Assets	`Assets`	$204.45M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$5.60M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$423.57K	USD	Point-in-time
Current portion of long-term loans	`LongTermDebtCurrent`	$4.84M	USD	Point-in-time
Current portion of long-term loans	`LongTermDebtCurrent`	$6.87M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$100.48K	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`	$4.99K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	$136.17K	USD	Point-in-time
Advance from customers	`CustomerAdvancesCurrent`	-	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$165.99K	USD	Point-in-time
Accrued payroll and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$237.84K	USD	Point-in-time
Other payables and accrued liabilities	`OtherAccountsPayableAndAccruedLiabilities`	$12.91M	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`	$17.64M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.42M	USD	Point-in-time
Long-term loans	`LongTermDebtNoncurrent`	$4.20M	USD	Point-in-time
Long-term loans	`LongTermDebtNoncurrent`	$4.50M	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`	$483.87K	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`	$54.00	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $20,084,995 and $16,784,878 as of December 31, 2023 and 2022, respectively)	`Liabilities`	$23.12M	USD	Point-in-time
Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $20,084,995 and $16,784,878 as of December 31, 2023 and 2022, respectively)	`Liabilities`	$26.41M	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 December 31, 2023 and 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 December 31, 2023 and 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`	$-10.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.51M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$93.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$83.63M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$168.34M	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 Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$204.45M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$194.74M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$86.55M	USD	Annual
Diluted Losses per Share	`EarningsPerShareDiluted`	$-1.66	USD	Annual
Diluted Losses per Share	`EarningsPerShareDiluted`	$-0.99	USD	Annual
Revenues	`Revenues`	$100.35M	USD	Annual
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	9.97M	shares	Annual
Cost of sales	`CostOfRevenue`	$95.60M	USD	Annual
Outstanding Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.07M	shares	Annual
Cost of sales	`CostOfRevenue`	$85.55M	USD	Annual
Gross Profit	`GrossProfit`	$4.75M	USD	Annual
Gross Profit	`GrossProfit`	$999.88K	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.08M	USD	Annual
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$10.06M	USD	Annual
Gain (Loss) from disposal and impairment of property, plant and equipment	`GainLossOnDispositionOfAssets1`	$-1.50M	USD	Annual
Gain (Loss) from disposal and impairment of property, plant and equipment	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-9.58M	USD	Annual
Loss from Operations	`OperatingIncomeLoss`	$-5.30M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$24.26K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$315.10K	USD	Annual
Interest expense	`InterestExpense`	$1.03M	USD	Annual
Interest expense	`InterestExpense`	$984.52K	USD	Annual
Gain on acquisition	`GainOnAcquisition`	-	USD	Annual
Gain on acquisition	`GainOnAcquisition`	$30.99K	USD	Annual
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$1.42M	USD	Annual
Gain (Loss) on derivative liability	`UnrealizedGainLossOnDerivatives`	$646.23K	USD	Annual
Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.60M	USD	Annual
Loss before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.86M	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$346.95K	USD	Annual
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$11.71M	USD	Annual
Net Loss	`NetIncomeLoss`	$-16.57M	USD	Annual
Net Loss	`NetIncomeLoss`	$-9.95M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-3.04M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-18.01M	USD	Annual
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-12.99M	USD	Annual
Total Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-34.58M	USD	Annual
Basic Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-1.66	USD	Annual
Basic Losses per Share (in Dollars per share)	`EarningsPerShareBasic`	$-0.99	USD	Annual
Outstanding Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.07M	shares	Annual
Outstanding Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	9.97M	shares	Annual

Cash Flow Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-16.57M	USD	Annual
Net Loss	`NetIncomeLoss`	$-9.95M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.79M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$14.23M	USD	Annual
(Gain) Loss on derivative liability	`GainLossOnSaleOfDerivatives`	$646.23K	USD	Annual
(Gain) Loss on derivative liability	`GainLossOnSaleOfDerivatives`	$1.42M	USD	Annual
(Gain) Loss from disposal and impairment of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
(Gain) Loss from disposal and impairment of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.61M	USD	Annual
(Recovery from) Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$843.78K	USD	Annual
(Recovery from) Allowance for bad debts	`ProvisionForDoubtfulAccounts`	$34.19K	USD	Annual
Allowances for inventories, net	`InventoryWriteDown`	-	USD	Annual
Allowances for inventories, net	`InventoryWriteDown`	$2.97K	USD	Annual
Share-based compensation and expenses	`ShareBasedCompensation`	-	USD	Annual
Share-based compensation and expenses	`ShareBasedCompensation`	$156.00K	USD	Annual
Gain on acquisition	`GainOnAcquisitionofOperatingActivities`	-	USD	Annual
Gain on acquisition	`GainOnAcquisitionofOperatingActivities`	$30.99K	USD	Annual
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	Annual
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$10.26M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.75M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-280.97K	USD	Annual
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-9.32M	USD	Annual
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.98M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$736.27K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-2.55M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.50K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$50.00	USD	Annual
Advance from customers	`IncreaseDecreaseInCustomerAdvances`	$136.69K	USD	Annual
Advance from customers	`IncreaseDecreaseInCustomerAdvances`	$-37.45K	USD	Annual
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$-478.02K	USD	Annual
Related parties	`IncreaseDecreaseInDueToRelatedParties`	$444.29K	USD	Annual
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-103.68K	USD	Annual
Accrued payroll and employee benefits	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$74.91K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-596.70K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$677.84K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-614.74K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-412.50K	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$12.87M	USD	Annual
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$10.72M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$22.29M	USD	Annual
Purchases of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$4.53M	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$53.57K	USD	Annual
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Acquisition of land	`PaymentsToAcquireLandHeldForUse`	$6.36M	USD	Annual
Acquisition of land	`PaymentsToAcquireLandHeldForUse`	-	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.24M	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.90M	USD	Annual
Proceeds from issuance of shares and warrants, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from issuance of shares and warrants, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from short term bank loans	`ProceedsFromShortTermDebt`	$6.21M	USD	Annual
Proceeds from short term bank loans	`ProceedsFromShortTermDebt`	$1.28M	USD	Annual
Proceeds from long term loans	`ProceedsFromIssuanceOfLongTermDebt`	$3.77M	USD	Annual
Proceeds from long term loans	`ProceedsFromIssuanceOfLongTermDebt`	$59.20K	USD	Annual
Repayment of bank loans	`RepaymentsOfBankDebt`	$6.07M	USD	Annual
Repayment of bank loans	`RepaymentsOfBankDebt`	$7.65M	USD	Annual
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$74.15K	USD	Annual
Payment of capital lease obligation	`RepaymentsOfDebtAndCapitalLeaseObligations`	$206.11K	USD	Annual
Loan to a related party (net)	`LoanToARelatedPartynet`	$-874.75K	USD	Annual
Loan to a related party (net)	`LoanToARelatedPartynet`	$7.09M	USD	Annual
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-879.60K	USD	Annual
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$4.41M	USD	Annual
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-618.00K	USD	Annual
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-174.84K	USD	Annual
Net Decrease in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.68M	USD	Annual
Net Decrease in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.13M	USD	Annual
Cash, Cash Equivalents and Restricted Cash - Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.52M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.39M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.20M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.52M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.39M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash - End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.20M	USD	Point-in-time
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$1.48M	USD	Annual
Cash paid for interest, net of capitalized interest cost	`InterestPaidNet`	$320.57K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$759.46K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$2.05M	USD	Annual
Cash and bank balances	`CashAndBankBalances`	$3.92M	USD	Annual
Cash and bank balances	`CashAndBankBalances`	$9.52M	USD	Annual
Restricted cash	`RestrictedCashEquivalentsCurrent`	-	USD	Point-in-time
Restricted cash	`RestrictedCashEquivalentsCurrent`	$472.98K	USD	Point-in-time
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.39M	USD	Point-in-time
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$9.52M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$168.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$181.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$215.75M	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`	$156.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-18.01M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent`	$-3.04M	USD	Annual
Net Loss	`NetIncomeLoss`	$-16.57M	USD	Annual
Net Loss	`NetIncomeLoss`	$-9.95M	USD	Annual
Balance	`StockholdersEquity`	$168.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$181.32M	USD	Point-in-time
Balance	`StockholdersEquity`	$215.75M	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.