2022 Q2 Form 20-F Financial Statement
#000121390022072178 Filed on November 14, 2022
Income Statement
Concept | 2022 Q2 | 2022 | 2021 Q2 |
---|---|---|---|
Revenue | $7.090M | $16.52M | $4.454M |
YoY Change | 59.18% | 143.5% | |
Cost Of Revenue | $5.920M | $8.547M | $2.203M |
YoY Change | 168.76% | 106.48% | |
Gross Profit | $1.170M | $7.972M | $2.251M |
YoY Change | -48.03% | 201.44% | |
Gross Profit Margin | 16.5% | 48.26% | 50.54% |
Selling, General & Admin | $10.75M | $13.86M | $6.442M |
YoY Change | 66.86% | 21.78% | -309.31% |
% of Gross Profit | 918.8% | 173.88% | 286.17% |
Research & Development | $68.08M | $68.28M | $369.3K |
YoY Change | 18335.38% | 8248.83% | 3410.36% |
% of Gross Profit | 5818.8% | 856.42% | 16.4% |
Depreciation & Amortization | $2.690M | $1.446M | $2.830M |
YoY Change | -4.95% | -61.11% | |
% of Gross Profit | 229.91% | 18.13% | 125.71% |
Operating Expenses | $78.83M | $82.14M | $6.812M |
YoY Change | 1057.27% | 573.24% | -786.88% |
Operating Profit | -$77.66M | -$78.90M | -$4.561M |
YoY Change | 1602.88% | 725.67% | |
Interest Expense | $0.00 | $0.00 | -$4.550K |
YoY Change | -100.0% | -100.0% | -100.43% |
% of Operating Profit | |||
Other Income/Expense, Net | $1.000M | $1.690M | $0.00 |
YoY Change | 5337.43% | -100.0% | |
Pretax Income | -$76.67M | -$77.20M | -$4.665M |
YoY Change | 1543.52% | 700.95% | -299.92% |
Income Tax | $77.21M | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$76.67M | -$77.21M | -$3.265M |
YoY Change | 2248.31% | 837.16% | -20.84% |
Net Earnings / Revenue | -1081.38% | -467.39% | -73.3% |
Basic Earnings Per Share | -$19.90 | ||
Diluted Earnings Per Share | -$17.04 | -$19.90 | -$35.74K |
COMMON SHARES | |||
Basic Shares Outstanding | 191.8M shares | 3.881M shares | |
Diluted Shares Outstanding | 3.881M shares |
Balance Sheet
Concept | 2022 Q2 | 2022 | 2021 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $900.0K | $900.0K | $174.2K |
YoY Change | 416.68% | 416.68% | -82.38% |
Cash & Equivalents | $872.3K | $900.0K | $174.2K |
Short-Term Investments | |||
Other Short-Term Assets | $17.70M | $17.70M | $4.268M |
YoY Change | 314.73% | 314.73% | 264.77% |
Inventory | |||
Prepaid Expenses | $17.67M | $4.268M | |
Receivables | $2.500M | $2.500M | $3.192M |
Other Receivables | $6.800M | $6.800M | $8.900K |
Total Short-Term Assets | $27.87M | $27.90M | $7.643M |
YoY Change | 264.61% | 265.06% | 141.78% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $30.23K | $0.00 | $9.160M |
YoY Change | -99.67% | -100.0% | 131.42% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | $0.00 | $52.00M |
YoY Change | -100.0% | -100.0% | |
Total Long-Term Assets | $25.60M | $25.60M | $73.43M |
YoY Change | -65.14% | -65.14% | 1755.14% |
TOTAL ASSETS | |||
Total Short-Term Assets | $27.87M | $27.90M | $7.643M |
Total Long-Term Assets | $25.60M | $25.60M | $73.43M |
Total Assets | $53.46M | $53.50M | $81.08M |
YoY Change | -34.06% | -34.01% | 1038.8% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $3.771M | $3.800M | |
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $5.019M | $5.000M | $4.125M |
YoY Change | 21.69% | 21.22% | 679.96% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.019M | $5.000M | $4.125M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $5.019M | $5.000M | $4.125M |
YoY Change | 21.69% | 21.22% | 679.96% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$147.4M | -$70.16M | |
YoY Change | 110.04% | ||
Common Stock | $192.8K | $110.4K | |
YoY Change | 74.69% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $48.44M | $48.40M | $76.95M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $53.46M | $53.50M | $81.08M |
YoY Change | -34.06% | -34.01% | 1038.8% |
Cashflow Statement
Concept | 2022 Q2 | 2022 | 2021 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$76.67M | -$77.21M | -$3.265M |
YoY Change | 2248.31% | 837.16% | -20.84% |
Depreciation, Depletion And Amortization | $2.690M | $1.446M | $2.830M |
YoY Change | -4.95% | -61.11% | |
Cash From Operating Activities | -$22.39M | -$29.40M | $1.871M |
YoY Change | -1296.85% | 948.62% | -171.55% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $10.43M | $39.60K | -$60.06M |
YoY Change | -117.37% | -100.06% | 2902.97% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $1.000M | $1.000M | $1.400M |
YoY Change | -28.58% | -28.58% | 131.32% |
Cash From Investing Activities | -$9.430M | -$14.22M | -$58.66M |
YoY Change | -83.92% | -78.3% | 4105.79% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $43.94M | $52.00M | |
YoY Change | -29.52% | 1054.81% | |
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 24.83M | $44.32M | 56.58M |
YoY Change | -56.12% | -34.35% | 1079.86% |
NET CHANGE | |||
Cash From Operating Activities | -22.39M | -$29.40M | 1.871M |
Cash From Investing Activities | -9.430M | -$14.22M | -58.66M |
Cash From Financing Activities | 24.83M | $44.32M | 56.58M |
Net Change In Cash | -6.990M | $698.1K | -207.1K |
YoY Change | 3274.69% | -185.71% | -126.34% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$22.39M | -$29.40M | $1.871M |
Capital Expenditures | $10.43M | $39.60K | -$60.06M |
Free Cash Flow | -$32.82M | -$29.44M | $61.93M |
YoY Change | -153.0% | -145.92% | -10176.83% |
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CY2020 | hht |
Ordinary Shares Issued For Acquisition Of Equipment
OrdinarySharesIssuedForAcquisitionOfEquipment
|
1963607 | usd |
CY2020 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3444617 | usd |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
-11626597 | usd |
CY2020 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
265124 | usd |
CY2020Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6590498 | usd |
CY2021 | hht |
Stock Issued During Period Value Issued For Sale Of Common Stock
StockIssuedDuringPeriodValueIssuedForSaleOfCommonStock
|
62341025 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
5171591 | usd |
CY2021 | hht |
Ordinary Shares Issued For Acquisition Of Equipment
OrdinarySharesIssuedForAcquisitionOfEquipment
|
3818000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
1550000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
441000 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4096500 | usd |
CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1180400 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-8238513 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
76950501 | usd |
CY2022 | hht |
Stock Issued During Period Value Issued For Sale Of Common Stock
StockIssuedDuringPeriodValueIssuedForSaleOfCommonStock
|
43937202 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4165035 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
31479 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-77208118 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
48443764 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-77208118 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8238513 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
567665 | usd |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-11626597 | usd |
CY2021 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-1400100 | usd |
CY2020 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
6457955 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-77208118 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-9638613 | usd |
CY2020 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-5168642 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
1445573 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
1536178 | usd |
CY2022 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
4450895 | usd |
CY2021 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
2180917 | usd |
CY2022 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
52000000 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4732700 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5717900 | usd |
CY2020 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3444617 | usd |
CY2021 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
99943 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
94984 | usd |
CY2021 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
25092 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-683730 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3191711 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-8900 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
6600 | usd |
CY2022 | hht |
Prepayments And Advance
PrepaymentsAndAdvance
|
15964364 | usd |
CY2021 | hht |
Prepayments And Advance
PrepaymentsAndAdvance
|
3247827 | usd |
CY2020 | hht |
Prepayments And Advance
PrepaymentsAndAdvance
|
1145000 | usd |
CY2020 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-130036 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3770945 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
368466 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
174104 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-3596821 | usd |
CY2021 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
3596821 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-29403078 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-2803980 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-2738989 | usd |
CY2020 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
203854 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-29403078 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2803980 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2535135 | usd |
CY2021 | hht |
Prepayments For Intangible Assets
PrepaymentsForIntangibleAssets
|
52000000 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
39602 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2020000 | usd |
CY2020 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2000000 | usd |
CY2022 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
15180000 | usd |
CY2021 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
12903243 | usd |
CY2020 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
5272 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
999950 | usd |
CY2020 | us-gaap |
Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
|
600000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-14219652 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-66923243 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-1394728 | usd |
CY2021 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
1400100 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-14219652 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-65523143 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1394728 | usd |
CY2020 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
300000 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
352173 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
43937202 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
62341025 | usd |
CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4502901 | usd |
CY2022 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
31479 | usd |
CY2021 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
5171591 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
44320854 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
67512616 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
4802901 | usd |
CY2020 | us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
-7294 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
44320854 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
67512616 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4795607 | usd |
CY2020 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
-1943 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
698124 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-814507 | usd |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
863801 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
174189 | usd |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
988696 | usd |
CY2019Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
347486 | usd |
CY2022Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
872313 | usd |
CY2021Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
174189 | usd |
CY2020Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
1211287 | usd |
CY2020Q2 | hht |
Less Cash And Cash Equivalents Disposed Through Discontinued Operations
LessCashAndCashEquivalentsDisposedThroughDiscontinuedOperations
|
-222591 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
872313 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
174189 | usd |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
988696 | usd |
CY2020 | hht |
Ordinary Share Issued To Repay Other Payables Related Parties And Service Providers
OrdinaryShareIssuedToRepayOtherPayablesRelatedPartiesAndServiceProviders
|
-5630249 | usd |
CY2020 | hht |
Ordinary Shares Issued For Acquisition Of Subsidiary
OrdinarySharesIssuedForAcquisitionOfSubsidiary
|
-1889799 | usd |
CY2021 | hht |
Ordinary Shares Issued For Acquisition Of Equipment
OrdinarySharesIssuedForAcquisitionOfEquipment
|
3818000 | usd |
CY2020 | hht |
Ordinary Shares Issued For Acquisition Of Equipment
OrdinarySharesIssuedForAcquisitionOfEquipment
|
1963607 | usd |
CY2021 | us-gaap |
Stock Issued1
StockIssued1
|
1550000 | usd |
CY2020 | hht |
Other Receivables From Disposal Of Subsidiary
OtherReceivablesFromDisposalOfSubsidiary
|
-1000000 | usd |
CY2022 | hht |
Transfer Of Prepayments To Intangible Assets
TransferOfPrepaymentsToIntangibleAssets
|
2565527 | usd |
CY2022 | hht |
Unpaid Receivable From Disposal Of Equipment
UnpaidReceivableFromDisposalOfEquipment
|
6819050 | usd |
CY2020 | hht |
Reconciliation Of Operating Lease Rightofuse Assets And Lease Liabilities
ReconciliationOfOperatingLeaseRightofuseAssetsAndLeaseLiabilities
|
-1375181 | usd |
CY2020 | hht |
Accounts Receivable Offset With Accounts Payable Upon Execution Of Tri Party Agreements
AccountsReceivableOffsetWithAccountsPayableUponExecutionOfTriPartyAgreements
|
7029929 | usd |
CY2021 | hht |
Other Receivables Offset With Payments For Equipment Purchase
OtherReceivablesOffsetWithPaymentsForEquipmentPurchase
|
1000000 | usd |
CY2021Q2 | hht |
Consideration Received
ConsiderationReceived
|
100 | usd |
CY2021 | hht |
Prepayment Offset With Other Payables For Debt Settlement
PrepaymentOffsetWithOtherPayablesForDebtSettlement
|
150000 | usd |
CY2021Q2 | hht |
Outstanding Equity Interest
OutstandingEquityInterest
|
0.80 | pure |
CY2022Q2 | hht |
Accumulated Deficit
AccumulatedDeficit
|
147400000 | usd |
CY2022 | us-gaap |
Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
|
77200000 | usd |
CY2022Q3 | hht |
Working Capital
WorkingCapital
|
5600000 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Use of estimates and assumptions</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. The significant estimates and assumptions made in the preparation of the Company’s consolidated financial statements include the allowance for credit losses of accounts receivable, other receivables, prepayments and advances and deferred income taxes, stock-based compensation, and fair value and useful lives of property, plant and equipment and intangibles assets. Actual results could be materially different from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022 | hht |
Online Music Education Academy Subscription
OnlineMusicEducationAcademySubscription
|
16519081 | usd |
CY2021 | hht |
Online Music Education Academy Subscription
OnlineMusicEducationAcademySubscription
|
4453957 | usd |
CY2021 | hht |
Online Concert Subscription
OnlineConcertSubscription
|
2330000 | usd |
CY2022 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
16519081 | usd |
CY2021 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
6783957 | usd |
CY2022 | hht |
Intangible Assets Net
IntangibleAssetsNet
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Intangible assets, net</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Intangible assets are stated at cost, less accumulated amortization. Amortization expense is recognized on the straight-line basis over the estimated useful lives of the assets. The Company has obtained copyrights to use the online education academy courses for 3 years to unlimited years. The Company amortizes the copyrights with limited useful life over their useful life using the straight-line method and amortizes the copyrights with unlimited useful life over 5 years, which the copyrights are expected to contribute to the revenue of the Company’s online education academy App.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022 | hht |
Unlimited Useful Life
unlimitedUsefulLife
|
P5Y | |
CY2021 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
99943 | usd |
CY2022 | us-gaap |
Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Deferred revenue</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Deferred revenue represents the Color World Platform subscription fees collected from its members in advance of the revenue being recognized in accordance with the Company’s revenue recognition policy as discussed above.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
|
0.50 | pure |
CY2020Q1 | hht |
Ordinary Shares Percentage
OrdinarySharesPercentage
|
0.05 | pure |
CY2020Q1 | hht |
Exchange For Cash Consideration
ExchangeForCashConsideration
|
600000 | usd |
CY2022 | hht |
Color World Platform Subscription Fees Due From App Payment Collections Agent
ColorWorldPlatformSubscriptionFeesDueFromAppPaymentCollectionsAgent
|
2507981 | usd |
CY2021 | hht |
Color World Platform Subscription Fees Due From App Payment Collections Agent
ColorWorldPlatformSubscriptionFeesDueFromAppPaymentCollectionsAgent
|
3191711 | usd |
CY2021Q2 | hht |
Rent Deposit
RentDeposit
|
8900 | usd |
CY2022Q2 | hht |
Receivables From Disposal Of Sunway Kids
ReceivablesFromDisposalOfSunwayKids
|
6819050 | usd |
CY2022Q2 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
6819050 | usd |
CY2021Q2 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
8900 | usd |
CY2022Q2 | hht |
Prepayment For Online Concert Productions
PrepaymentForOnlineConcertProductions
|
8000000 | usd |
CY2021Q2 | hht |
Prepayment For Online Concert Productions
PrepaymentForOnlineConcertProductions
|
1648000 | usd |
CY2022Q2 | hht |
Prepayment For Live Concert Productions
PrepaymentForLiveConcertProductions
|
5000000 | usd |
CY2022Q2 | hht |
Prepayment For Advertisement
PrepaymentForAdvertisement
|
4666664 | usd |
CY2021Q2 | hht |
Prepayment For Program License Fees
PrepaymentForProgramLicenseFees
|
2615527 | usd |
CY2021Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
4300 | usd |
CY2022Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
17666664 | usd |
CY2022Q2 | hht |
Copyrights Of Online Education Academy Courses
CopyrightsOfOnlineEducationAcademyCourses
|
32198770 | usd |
CY2021Q2 | hht |
Copyrights Of Online Education Academy Courses
CopyrightsOfOnlineEducationAcademyCourses
|
14453243 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
6631812 | usd |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2180917 | usd |
CY2021Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
4267827 | usd |
CY2020 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
0 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
25566958 | usd |
CY2021Q2 | hht |
Prepayment For Software Development Expenditure
PrepaymentForSoftwareDevelopmentExpenditure
|
52000000 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
39602 | usd |
CY2021Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
10676403 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
9374 | usd |
CY2021Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1516189 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
30228 | usd |
CY2021Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
9160214 | usd |
CY2022 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
1445573 | usd |
CY2021 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
1536178 | usd |
CY2020 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
0 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
94984 | usd |
CY2021Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
12272326 | usd |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
4450895 | usd |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2180917 | usd |
CY2022 | us-gaap |
Related Party Costs
RelatedPartyCosts
|
362884 | usd |
CY2021 | us-gaap |
Related Party Costs
RelatedPartyCosts
|
10711 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3770945 | usd |
CY2021 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3596821 | usd |
CY2021 | hht |
Lease Agreement Description
LeaseAgreementDescription
|
The Company has a lease agreement for office space in New York from June 1, 2020 through May 31, 2021, with annual payments of $46,896 and converted to month to month lease in June 2021 and terminated the month to month lease on October 2021. | |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
46896 | usd |
CY2022 | hht |
Lease Agreement Description
LeaseAgreementDescription
|
The Company has a new lease agreement for office space in New York from July 1, 2021 through June 30, 2022, with a rental fee of $3,300 per month. | |
CY2022Q2 | hht |
Rental Fee
RentalFee
|
3300 | usd |
CY2022Q2 | hht |
Rental Fee
RentalFee
|
2886 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
11716701 | usd |
CY2022Q2 | hht |
Operating Leases Future Minimum Payment Due Current
OperatingLeasesFutureMinimumPaymentDueCurrent
|
34626 | usd |
CY2022Q2 | hht |
Operating Leases Future Minimum Payment Due
OperatingLeasesFutureMinimumPaymentDue
|
34626 | usd |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
65580 | usd |
CY2021 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
71000 | usd |
CY2020 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
30000 | usd |
CY2022 | hht |
Loss Before Provision For Income Taxes
LossBeforeProvisionForIncomeTaxes
|
-77208118 | usd |
CY2021 | hht |
Loss Before Provision For Income Taxes
LossBeforeProvisionForIncomeTaxes
|
-8238513 | usd |
CY2020 | hht |
Loss Before Provision For Income Taxes
LossBeforeProvisionForIncomeTaxes
|
-5168642 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.056 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.056 | pure |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.056 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.266 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.266 | pure |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
-0.266 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2020 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2022Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
442051 | usd |
CY2021Q2 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
|
15.2 | |
CY2021Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
278531 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
|
11274650 | usd |
CY2021Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
|
95253 | usd |
CY2021Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
373784 | usd |
CY2022 | hht |
Future Taxable Income For Unlimited Years Percentage
FutureTaxableIncomeForUnlimitedYearsPercentage
|
0.80 | pure |
CY2022Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
442000 | usd |
CY2021Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
279000 | usd |
CY2022Q2 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
11716701 | usd |
CY2021Q2 | us-gaap |
Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
|
373784 | usd |
CY2020Q4 | hht |
Increase In Authorized Shares Description
IncreaseInAuthorizedSharesDescription
|
On November 18, 2020, the Company’s shareholders approved to the authorized share capital of the Company be increased from US$75,000 divided into 75,000,000 ordinary shares of a par value of US$0.001 each to US$200,000 divided into 200,000,000 ordinary shares of a par value of US$0.001 each by the creation of an additional 125,000,000 ordinary shares of a par value of US$0.001 each to rank pari passu in all respects with the existing ordinary shares. | |
CY2022Q4 | hht |
Increase In Authorized Shares Description
IncreaseInAuthorizedSharesDescription
|
On December 1, 2021, the Company’s shareholders approved to the authorized share capital of the Company be increased from US$200,000 divided into 200,000,000 ordinary shares of a par value of US$0.001 each to US$800,000 divided into 800,000,000 ordinary shares of a par value of US$0.001 each by the creation of an additional 600,000,000 ordinary shares of a par value of US$0.001 each to rank pari passu in all respects with the existing ordinary shares. | |
CY2022 | hht |
Increase In Authorized Shares Description
IncreaseInAuthorizedSharesDescription
|
On March 10, 2022, the Board of Directors of the Company approved the 40-for-1 reverse share split of its ordinary shares in accordance with Cayman law and on April 11, 2022, the Company’s shareholders approved the proposal to implement a reverse share split of the Company’s ordinary shares, par value US$0.001 per share, including the Company’s ordinary shares reserved for issuance (the “Original Ordinary Shares”), at a ratio of forty (40)-for-one and at a time during the following six months to be determined by further action of our Board of Directors (or not at all in the determination of the Board of Directors during the same period), such that each 40 Original Ordinary Shares shall be consolidated into one ordinary share of the Company, par value US$0.04 (the “Adjusted Ordinary Shares”), and that the authorized share capital of the Company is consolidated from US$800,000 divided into 800,000,000 Original Ordinary Shares to US$800,000 divided into 20,000,000 Adjusted Ordinary Shares. The Company’s shareholders also approved the proposal to increase the authorized share capital of the Company at a time during the following six months to be determined by further action of the Company’s Board of Directors (or not at all in the determination of the Board of Directors during the same period) from US$800,000 divided into 20,000,000 Adjusted Ordinary Shares to US$32,000,000 divided into 800,000,000 Adjusted Ordinary Shares by the creation of an additional 780,000,000 Adjusted Ordinary Shares to rank pari passu in all respects with the Adjusted Ordinary Shares existing upon approval of the Reverse Split Proposal. The increase in authorized shares and shares reverse split became effective on September 26, 2022. | |
CY2022Q1 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
400000 | shares |
CY2022Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
40 | |
CY2022Q1 | hht |
Gross Proceeds
GrossProceeds
|
16000000 | usd |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4200000 | usd |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
4100000 | usd |
CY2020 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1300000 | usd |
CY2020Q1 | hht |
Aggregate Amount
AggregateAmount
|
4300000 | usd |
CY2021 | hht |
Conversion Of Stock Amount Issued
ConversionOfStockAmountIssued
|
341432 | shares |
CY2021 | hht |
Warrant Down Round Feature Increase Decrease In Equity Amounts
WarrantDownRoundFeatureIncreaseDecreaseInEquityAmounts
|
341432 | shares |
CY2022 | hht |
Gross Proceeds
GrossProceeds
|
31000 | usd |
CY2021 | hht |
Gross Proceeds
GrossProceeds
|
5200000 | usd |
CY2022 | hht |
Convertible Warrant
ConvertibleWarrant
|
3775 | shares |
CY2021Q1 | us-gaap |
Securities Purchased Under Agreements To Resell Setoff Rights Description
SecuritiesPurchasedUnderAgreementsToResellSetoffRightsDescription
|
On February 18, 2021, the Company entered into certain securities purchase agreement (the “SPA”) with certain non-U.S. Persons (the “Purchasers”) as defined in Regulation S of the Securities Act of 1933, as amended pursuant to which the Company agreed to sell an aggregate of 500,000 units. Each unit consists of one restrictive ordinary share of the Company and a warrant (“SPA Warrants”) to purchase one share with an initial exercise price of $53.60 per share. The SPA Warrants are exercisable immediately upon the date of issuance at an initial exercise price of $53.60 per Share, for cash (the “Warrant Shares”). The SPA Warrants may also be exercised cashlessly if at any time after the three-month anniversary of the issuance date, there is no effective registration statement registering, or no current prospectus available for, the resale of the Warrant Shares. The SPA Warrants shall expire three years from its date of issuance. The SPA Warrants are subject to customary anti-dilution provisions reflecting stock dividends and splits or other similar transactions. The SPA Warrants are exercisable immediately, at an exercise price of $53.60 per Ordinary Share and expire 3.0 years from the date of issuance. The fair value of the SPA Warrants was $15,898,047, which was considered a direct cost of the sale of SPA and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $42.40, risk free rate of 0.21%; expected term of 3.0 years; exercise price of the warrants of $53.60, volatility of 141%; and expected future dividends of 0%. | |
CY2022Q3 | hht |
Institutional Investor Description
InstitutionalInvestorDescription
|
The Company issued a warrant to purchase 23,719 ordinary shares to the placement agent (the “Placement Agent Warrants”). The Investor Warrants and Placement Agent Warrants are initially exercisable at $40.00 per Ordinary Share and expire 3.0 years from the date of issuance. The fair value of the Investor Warrants and Placement Agent Warrants were $9,123,701, which was considered a direct cost of the sale of SPA and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $22.40, risk free rate of 0.55%; expected term of 3.0 years; exercise price of the warrants of $40.00, volatility of 140%; and expected future dividends of 0%. | |
CY2022Q1 | hht |
Institutional Investor Description
InstitutionalInvestorDescription
|
On February 21, 2022, the Company and certain institutional investors entered into a SPA 2, pursuant to which the Company agreed to sell such institutional investors units with each unit consisting of one ordinary share and one warrant to purchase one ordinary share, at a purchase price of $16.00 per unit, for net proceeds of approximately $8.7 million (the “Offering”) before deducting placement agent fees and other estimated offering expenses. An aggregate of 625,000 ordinary shares and warrants to purchase an aggregate of 625,000 ordinary shares (the “Investor Warrants”) were agreed to be issued to the investors under the SPA 2. The Investor Warrants are initially exercisable at $16.00 per Ordinary Share and expire 5.0 years from the date of issuance. Pursuant to a placement agent agreement entered into between the Company and FT Global Capital, Inc. (“FT Global”) dated September 24, 2021 (the “September 2021 PAA”), the Company issued to FT Global warrants (the “Tail Fee Warrants”) to purchase 13,632 Ordinary Shares on substantially the same terms as the Investor Warrants sold in SPA 2, except that the Tail Fee Warrants shall not be exercisable for a period of six months and shall expire 36 months after issuance, and shall have no anti-dilution protection other than adjustments based on stock splits, stock dividends, combinations of shares and similar recapitalization transactions. The fair value of the Investor Warrants were $5,008,524, which was considered a direct cost of the sale of SPA and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $9.20, risk free rate of 1.84%; expected term of 5.0 years; exercise price of the warrants of $16.00, volatility of 146%; and expected future dividends of 0%. The fair value of the Tail Fee Warrants were $92,251, which was considered a direct cost of the sale of SPA and included in additional paid-in capital. The fair value has been estimated using the Black-Scholes pricing model with the following assumptions: market value of underlying share of $9.20, risk free rate of 1.73%; expected term of 3.0 years; exercise price of the warrants of $16.00, volatility of 145%; and expected future dividends of 0%. | |
CY2022Q2 | us-gaap |
Due From Banks
DueFromBanks
|
300000 | usd |
CY2021Q2 | us-gaap |
Due From Banks
DueFromBanks
|
0 | usd |
CY2022 | hht |
Insurance Coverage Of Bank
InsuranceCoverageOfBank
|
250000 | usd |
CY2022 | hht |
Insurance Coverage Of Bank
InsuranceCoverageOfBank
|
500000 | hkd |
CY2022 | hht |
Accounts Payable Perentage
AccountsPayablePerentage
|
1 | pure |
CY2021 | hht |
Concentration Risk Percentage
ConcentrationRiskPercentage
|
0.89 | pure |
CY2022Q3 | hht |
Warrant Expire Years
WarrantExpireYears
|
P5Y | |
CY2022Q2 | hht |
Prepayments Noncurrent
PrepaymentsNoncurrent
|
usd | |
CY2021Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
usd | |
CY2022Q2 | us-gaap |
Deferred Revenue Current
DeferredRevenueCurrent
|
usd | |
CY2021Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
usd | |
CY2020 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
usd | |
CY2020 | hht |
Other Income Net
OtherIncomeNet
|
usd | |
CY2022 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
usd | |
CY2022 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
|
||
CY2021 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
usd | |
CY2022 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
usd | |
CY2022 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
usd | |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3880561 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
291001 | shares |
CY2020 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
usd | |
CY2020 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
usd | |
CY2020 | us-gaap |
Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
|
usd | |
CY2021 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
usd | |
CY2021 | hht |
Forfeiture Of Unvested Restricted Ordinary Shares
ForfeitureOfUnvestedRestrictedOrdinaryShares
|
usd | |
CY2022 | hht |
Forfeiture Of Unvested Restricted Ordinary Shares
ForfeitureOfUnvestedRestrictedOrdinaryShares
|
usd | |
CY2022 | hht |
Additional Ordinary Shares Of Round Up Adjustment Value
AdditionalOrdinarySharesOfRoundUpAdjustmentValue
|
usd | |
CY2022 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
usd | |
CY2020 | us-gaap |
Depreciation
Depreciation
|
usd | |
CY2020 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
usd | |
CY2021 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
usd | |
CY2020 | us-gaap |
Research And Development In Process
ResearchAndDevelopmentInProcess
|
usd | |
CY2022 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
usd | |
CY2020 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
usd | |
CY2021 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
usd | |
CY2020 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
usd | |
CY2022 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | |
CY2020 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | |
CY2020 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
usd | |
CY2020 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
usd | |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
usd | |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
usd | |
CY2020 | us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
usd | |
CY2022 | hht |
Increase Decrease In Other Current Liabilities Shareholders
IncreaseDecreaseInOtherCurrentLiabilitiesShareholders
|
usd | |
CY2021 | hht |
Increase Decrease In Other Current Liabilities Shareholders
IncreaseDecreaseInOtherCurrentLiabilitiesShareholders
|
usd | |
CY2020 | hht |
Increase Decrease In Other Current Liabilities Shareholders
IncreaseDecreaseInOtherCurrentLiabilitiesShareholders
|
usd | |
CY2020 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
usd | |
CY2022 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
usd | |
CY2021 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
usd | |
CY2022 | hht |
Prepayments For Intangible Assets
PrepaymentsForIntangibleAssets
|
usd | |
CY2020 | hht |
Prepayments For Intangible Assets
PrepaymentsForIntangibleAssets
|
usd | |
CY2020 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | |
CY2022 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
usd | |
CY2021 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
usd | |
CY2021 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
usd | |
CY2020 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
usd | |
CY2022 | us-gaap |
Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
|
usd | |
CY2021 | us-gaap |
Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
|
usd | |
CY2022 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
usd | |
CY2020 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
usd | |
CY2022 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
usd | |
CY2021 | us-gaap |
Proceeds From Other Debt
ProceedsFromOtherDebt
|
usd | |
CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | |
CY2021 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
usd | |
CY2022Q2 | hht |
Less Cash And Cash Equivalents Disposed Through Discontinued Operations
LessCashAndCashEquivalentsDisposedThroughDiscontinuedOperations
|
usd | |
CY2020 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | |
CY2020 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
usd | |
CY2022 | us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
usd | |
CY2021 | us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
usd | |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
usd | |
CY2021Q2 | hht |
Less Cash And Cash Equivalents Disposed Through Discontinued Operations
LessCashAndCashEquivalentsDisposedThroughDiscontinuedOperations
|
usd | |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2020 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
usd | |
CY2022 | hht |
Ordinary Share Issued To Repay Other Payables Related Parties And Service Providers
OrdinaryShareIssuedToRepayOtherPayablesRelatedPartiesAndServiceProviders
|
usd | |
CY2021 | hht |
Ordinary Share Issued To Repay Other Payables Related Parties And Service Providers
OrdinaryShareIssuedToRepayOtherPayablesRelatedPartiesAndServiceProviders
|
usd | |
CY2022 | hht |
Ordinary Shares Issued For Acquisition Of Subsidiary
OrdinarySharesIssuedForAcquisitionOfSubsidiary
|
usd | |
CY2021 | hht |
Ordinary Shares Issued For Acquisition Of Subsidiary
OrdinarySharesIssuedForAcquisitionOfSubsidiary
|
usd | |
CY2022 | hht |
Ordinary Shares Issued For Acquisition Of Equipment
OrdinarySharesIssuedForAcquisitionOfEquipment
|
usd | |
CY2022 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2020 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2022 | hht |
Other Receivables From Disposal Of Subsidiary
OtherReceivablesFromDisposalOfSubsidiary
|
usd | |
CY2021 | hht |
Other Receivables From Disposal Of Subsidiary
OtherReceivablesFromDisposalOfSubsidiary
|
usd | |
CY2021 | hht |
Transfer Of Prepayments To Intangible Assets
TransferOfPrepaymentsToIntangibleAssets
|
usd | |
CY2020 | hht |
Transfer Of Prepayments To Intangible Assets
TransferOfPrepaymentsToIntangibleAssets
|
usd | |
CY2021 | hht |
Unpaid Receivable From Disposal Of Equipment
UnpaidReceivableFromDisposalOfEquipment
|
usd | |
CY2020 | hht |
Unpaid Receivable From Disposal Of Equipment
UnpaidReceivableFromDisposalOfEquipment
|
usd | |
CY2022 | hht |
Reconciliation Of Operating Lease Rightofuse Assets And Lease Liabilities
ReconciliationOfOperatingLeaseRightofuseAssetsAndLeaseLiabilities
|
usd | |
CY2021 | hht |
Reconciliation Of Operating Lease Rightofuse Assets And Lease Liabilities
ReconciliationOfOperatingLeaseRightofuseAssetsAndLeaseLiabilities
|
usd | |
CY2022 | hht |
Accounts Receivable Offset With Accounts Payable Upon Execution Of Tri Party Agreements
AccountsReceivableOffsetWithAccountsPayableUponExecutionOfTriPartyAgreements
|
usd | |
CY2021 | hht |
Accounts Receivable Offset With Accounts Payable Upon Execution Of Tri Party Agreements
AccountsReceivableOffsetWithAccountsPayableUponExecutionOfTriPartyAgreements
|
usd | |
CY2022 | hht |
Other Receivables Offset With Payments For Equipment Purchase
OtherReceivablesOffsetWithPaymentsForEquipmentPurchase
|
usd | |
CY2020 | hht |
Other Receivables Offset With Payments For Equipment Purchase
OtherReceivablesOffsetWithPaymentsForEquipmentPurchase
|
usd | |
CY2022 | hht |
Prepayment Offset With Other Payables For Debt Settlement
PrepaymentOffsetWithOtherPayablesForDebtSettlement
|
usd | |
CY2020 | hht |
Prepayment Offset With Other Payables For Debt Settlement
PrepaymentOffsetWithOtherPayablesForDebtSettlement
|
usd | |
CY2020 | hht |
Online Music Education Academy Subscription
OnlineMusicEducationAcademySubscription
|
usd | |
CY2022 | hht |
Online Concert Subscription
OnlineConcertSubscription
|
usd | |
CY2020 | hht |
Online Concert Subscription
OnlineConcertSubscription
|
usd | |
CY2020 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
usd | |
CY2022 | us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
usd | |
CY2021 | us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
usd | |
CY2022Q2 | hht |
Rent Deposit
RentDeposit
|
usd | |
CY2021Q2 | hht |
Receivables From Disposal Of Sunway Kids
ReceivablesFromDisposalOfSunwayKids
|
usd | |
CY2021Q2 | hht |
Prepayment For Live Concert Productions
PrepaymentForLiveConcertProductions
|
usd | |
CY2021Q2 | hht |
Prepayment For Advertisement
PrepaymentForAdvertisement
|
usd | |
CY2022Q2 | hht |
Prepayment For Program License Fees
PrepaymentForProgramLicenseFees
|
usd | |
CY2022Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
usd | |
CY2022Q2 | hht |
Prepayment For Software Development Expenditure
PrepaymentForSoftwareDevelopmentExpenditure
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
usd | |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
usd | |
CY2022Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2021Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Address Country
EntityAddressCountry
|
US | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001747661 |