2023 Q1 Form 10-K Financial Statement

#000149315223010029 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $380.8K $387.0K $1.857M
YoY Change -6.89% 84.19% 82.56%
Cost Of Revenue $128.4K $325.5K $666.0K
YoY Change 74.8% 120.72% 124.01%
Gross Profit $252.4K $61.53K $1.191M
YoY Change -24.77% -1.79% 65.44%
Gross Profit Margin 66.29% 15.9% 64.13%
Selling, General & Admin $672.4K $821.0K $2.318M
YoY Change 10.63% 2.03% -9.69%
% of Gross Profit 266.37% 1334.36% 194.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.84K $18.41K $71.75K
YoY Change 3.5% -4.91% -7.72%
% of Gross Profit 7.86% 29.92% 6.03%
Operating Expenses $706.3K $821.0K $2.724M
YoY Change 16.21% 2.03% 6.1%
Operating Profit -$453.9K -$759.5K -$1.533M
YoY Change 66.73% 2.35% -17.01%
Interest Expense $7.230K $138.3K -$57.33K
YoY Change -124.58% -224.13% -88.21%
% of Operating Profit
Other Income/Expense, Net $15.59K -$93.54K -$136.9K
YoY Change 35.71% -636.35% 220.16%
Pretax Income -$438.3K -$716.8K -$1.670M
YoY Change 51.05% -14.26% -30.05%
Income Tax -$4.217K $6.260K -$4.055K
% Of Pretax Income
Net Earnings -$425.8K -$732.2K -$1.687M
YoY Change 42.37% -25.06% -33.17%
Net Earnings / Revenue -111.84% -189.19% -90.86%
Basic Earnings Per Share -$0.01 -$0.02
Diluted Earnings Per Share -$0.01 -$0.01 -$0.02
COMMON SHARES
Basic Shares Outstanding 75.45M shares 75.45M shares 87.82M shares
Diluted Shares Outstanding 75.45M shares 87.82M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.120M $1.438M $1.438M
YoY Change -54.14% -44.63% -44.63%
Cash & Equivalents $1.120M $1.438M $925.3K
Short-Term Investments
Other Short-Term Assets $206.4K $486.9K $486.9K
YoY Change -63.07% -48.06% -48.06%
Inventory $45.42K $46.28K $46.28K
Prepaid Expenses $39.06K
Receivables $4.017K $2.826K $46.42K
Other Receivables $1.850K $10.54K $10.54K
Total Short-Term Assets $1.425M $2.029M $2.029M
YoY Change -57.93% -48.15% -48.15%
LONG-TERM ASSETS
Property, Plant & Equipment $160.5K $142.1K $223.3K
YoY Change -60.0% -34.13% -50.77%
Goodwill
YoY Change
Intangibles $22.41K $24.04K
YoY Change 556.94%
Long-Term Investments $21.50K $16.69K $16.69K
YoY Change -70.37% -81.56% -81.56%
Other Assets $510.3K $499.2K $499.2K
YoY Change 92.77% 88.56% 88.56%
Total Long-Term Assets $756.3K $763.2K $763.2K
YoY Change 1.98% -6.06% -6.06%
TOTAL ASSETS
Total Short-Term Assets $1.425M $2.029M $2.029M
Total Long-Term Assets $756.3K $763.2K $763.2K
Total Assets $2.181M $2.792M $2.792M
YoY Change -47.16% -40.91% -40.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $140.6K $129.4K $129.4K
YoY Change 542.05% 843.44% 843.44%
Accrued Expenses $498.7K $644.6K $644.6K
YoY Change -21.29% -22.9% -22.9%
Deferred Revenue $343.9K $363.0K
YoY Change 29.79%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.051M $1.229M $1.229M
YoY Change -0.69% -6.36% -6.36%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.051M $1.229M $1.229M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.051M $1.229M $1.250M
YoY Change -6.71% -12.93% -11.46%
SHAREHOLDERS EQUITY
Retained Earnings -$5.371M -$4.946M
YoY Change 51.77%
Common Stock $7.545K $7.545K
YoY Change -74.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.118M $1.542M $1.542M
YoY Change
Total Liabilities & Shareholders Equity $2.181M $2.792M $2.792M
YoY Change -47.16% -40.91% -40.91%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$425.8K -$732.2K -$1.687M
YoY Change 42.37% -25.06% -33.17%
Depreciation, Depletion And Amortization $19.84K $18.41K $71.75K
YoY Change 3.5% -4.91% -7.72%
Cash From Operating Activities -$272.6K -$74.22K -$811.7K
YoY Change 80.36% -75.62% -4.04%
INVESTING ACTIVITIES
Capital Expenditures $38.77K $26.34K $32.12K
YoY Change 263300.0% -911.11%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$38.77K -$26.34K -$32.12K
YoY Change -263500.0% 711.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$6.961K -50.00K -$234.5K
YoY Change -1284.83% 1130.15%
NET CHANGE
Cash From Operating Activities -$272.6K -74.22K -$811.7K
Cash From Investing Activities -$38.77K -26.34K -$32.12K
Cash From Financing Activities -$6.961K -50.00K -$234.5K
Net Change In Cash -$318.5K -150.6K -$1.159M
YoY Change -49.84% 33.44%
FREE CASH FLOW
Cash From Operating Activities -$272.6K -$74.22K -$811.7K
Capital Expenditures $38.77K $26.34K $32.12K
Free Cash Flow -$311.3K -$100.6K -$843.8K
YoY Change -66.97% 0.23%

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CY2021 us-gaap General And Administrative Expense
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CY2021 us-gaap Cost Of Goods And Services Sold Amortization
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CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Operating Expenses
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CY2022 us-gaap Investment Income Interest
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CY2022 us-gaap Marketable Securities Unrealized Gain Loss
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CY2021 us-gaap Marketable Securities Unrealized Gain Loss
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CY2021 AATP Preferred Stock Dividend Income Statement Impact
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CY2022 us-gaap Nonoperating Income Expense
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CY2021 us-gaap Nonoperating Income Expense
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax
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CY2021 us-gaap Comprehensive Income Net Of Tax
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CY2022 us-gaap Earnings Per Share Basic
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-0.02
CY2021 us-gaap Earnings Per Share Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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376216452 shares
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5924834 usd
CY2021 AATP Contributions From Noncontrolling Interest Shareholders
ContributionsFromNoncontrollingInterestShareholders
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
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CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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CY2021 us-gaap Marketable Securities Unrealized Gain Loss
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CY2021 AATP Preferred Stock Dividend Income Statement Impact
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Provision For Doubtful Accounts
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Inventories
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CY2022 us-gaap Increase Decrease In Prepaid Taxes
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CY2021 us-gaap Increase Decrease In Prepaid Taxes
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CY2022 us-gaap Increase Decrease In Accounts Payable Related Parties
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
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CY2021 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
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CY2022 us-gaap Payments To Acquire Intangible Assets
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Payments Of Debt Issuance Costs
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234466 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
15210 usd
CY2021 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2597848 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
78511 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
326838 usd
CY2021 AATP Changes In Right Of Use Assets And Lease Liabilities Due To Lease Modifications
ChangesInRightOfUseAssetsAndLeaseLiabilitiesDueToLeaseModifications
3250 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_847_eus-gaap--UseOfEstimates_zkjAIul2wCT" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86C_zVJBrVh7U4Aj">Use of estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated financial statements include allowance for inventories obsolescence, impairment of long-lived assets, allowance for deferred tax assets. Actual results could differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Cash
Cash
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CY2021Q4 us-gaap Cash
Cash
554864 usd
CY2022Q4 us-gaap Time Deposits
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CY2021Q4 us-gaap Time Deposits
TimeDeposits
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CY2022Q4 us-gaap Time Deposit Liability Uninsured
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231187 usd
CY2022 AATP Inventries Write Down
InventriesWriteDown
5307 usd
CY2021 AATP Inventries Write Down
InventriesWriteDown
36241 usd
CY2022 AATP Inventory Write Off
InventoryWriteOff
142466 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
120372 usd
CY2022Q4 AATP Allowance For Doubtful Accounts Receivables Current
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0 usd
CY2021Q4 AATP Allowance For Doubtful Accounts Receivables Current
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CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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0 usd
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
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0 usd
CY2022 AATP Forfeited Coupon Income
ForfeitedCouponIncome
7543 usd
CY2021 AATP Forfeited Coupon Income
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15209 usd
CY2022 us-gaap Revenues
Revenues
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CY2021 us-gaap Revenues
Revenues
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CY2022 us-gaap Cost Of Goods And Services Sold
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666042 usd
CY2022 AATP Inventries Write Down
InventriesWriteDown
5307 usd
CY2022 AATP Inventory Write Off
InventoryWriteOff
142466 usd
CY2021 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2021 AATP Inventries Write Down
InventriesWriteDown
36241 usd
CY2022 us-gaap Advertising Expense
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4688 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
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CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2597848 usd
CY2022 us-gaap Sales Commissions And Fees
SalesCommissionsAndFees
405351 usd
CY2021 us-gaap Sales Commissions And Fees
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CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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133489 usd
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
99488 usd
CY2022 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
greater than 50%
CY2022 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
0 usd
CY2021 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
395 usd
CY2022 us-gaap Minority Interest Description
MinorityInterestDescription
Non-controlling interest consists of 40% of the equity interests of DSY Wellness held by an individual and approximately 0.01% (2 ordinary shares out of 9,590,598 shares) of the equity interests of ASL held by two individuals
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2021Q4 us-gaap Time Deposit Liability Uninsured
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CY2022Q4 us-gaap Accounts Receivable Gross Current
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CY2022Q4 us-gaap Accounts Receivable Net Current
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CY2022Q4 us-gaap Inventory Finished Goods
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CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
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CY2022 AATP Inventries Write Down
InventriesWriteDown
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CY2021 AATP Inventries Write Down
InventriesWriteDown
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CY2022 AATP Inventory Write Off
InventoryWriteOff
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q4 us-gaap Property Plant And Equipment Net
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142149 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2022 us-gaap Depreciation
Depreciation
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CY2021 us-gaap Depreciation
Depreciation
75797 usd
CY2021Q4 AATP Exchange Rate Effect On Investment In Marketable Securites
ExchangeRateEffectOnInvestmentInMarketableSecurites
-1742 usd
CY2022Q4 AATP Receivables From Sales Distributors
ReceivablesFromSalesDistributors
43596 usd
CY2021Q4 AATP Receivables From Sales Distributors
ReceivablesFromSalesDistributors
115379 usd
CY2022Q4 AATP Deposits To Supplier
DepositsToSupplier
147504 usd
CY2021Q4 AATP Deposits To Supplier
DepositsToSupplier
301233 usd
CY2022Q4 AATP Prepaid Expenses Gross
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191100 usd
CY2021Q4 AATP Prepaid Expenses Gross
PrepaidExpensesGross
416612 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
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121095 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
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191100 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
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295517 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2021 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
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121514 usd
CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2022 AATP Allowance For Doubtful Accounts Receivable Exchange Rate Effect
AllowanceForDoubtfulAccountsReceivableExchangeRateEffect
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CY2021 AATP Allowance For Doubtful Accounts Receivable Exchange Rate Effect
AllowanceForDoubtfulAccountsReceivableExchangeRateEffect
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CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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346568 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
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55348 usd
CY2021Q4 us-gaap Capitalized Computer Software Gross
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34453 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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31304 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
30793 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
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24044 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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3660 usd
CY2022 us-gaap Amortization Of Intangible Assets
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2122 usd
CY2021 us-gaap Amortization Of Intangible Assets
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1961 usd
CY2022Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
the company’s common stock at the ratio of 10-for-1 effective July 28, 2022. Under the reverse stock split, each 10 pre-split share of common stock outstanding will automatically combine into 1 new share of common stock of the company. As at July 28, 2022, the Company has an investment of 116,646 common stock of Greenpro Capital Corp. The Company’s investment of 116,646 common stock of Greenpro Capital Corp. was reduced to 11,665 subsequent to the reverse stock split.
CY2022Q4 us-gaap Investment Owned At Cost
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89001 usd
CY2021Q4 us-gaap Investment Owned At Cost
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577035 usd
CY2022Q4 AATP Transfer From Nonmarketable Security
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CY2021Q4 AATP Investments Income Dividend
InvestmentsIncomeDividend
-18939 usd
CY2022Q4 AATP Marketable Securities Unrealized Holding Loss
MarketableSecuritiesUnrealizedHoldingLoss
73519 usd
CY2021Q4 AATP Marketable Securities Unrealized Holding Loss
MarketableSecuritiesUnrealizedHoldingLoss
505231 usd
CY2022Q4 AATP Exchange Rate Effect On Investment In Marketable Securites
ExchangeRateEffectOnInvestmentInMarketableSecurites
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CY2022Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
16687 usd
CY2021Q4 us-gaap Marketable Securities Noncurrent
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89001 usd
CY2022Q4 AATP Customer Deposits
CustomerDeposits
289487 usd
CY2021Q4 AATP Customer Deposits
CustomerDeposits
273581 usd
CY2022Q4 AATP Unexpired Product Coupons
UnexpiredProductCoupons
73531 usd
CY2021Q4 AATP Unexpired Product Coupons
UnexpiredProductCoupons
6108 usd
CY2022Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
363018 usd
CY2021Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
279689 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
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324629 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
436541 usd
CY2022Q4 AATP Accrued Promotion Expenses Current
AccruedPromotionExpensesCurrent
38583 usd
CY2021Q4 AATP Accrued Promotion Expenses Current
AccruedPromotionExpensesCurrent
36024 usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
21164 usd
CY2021Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
22669 usd
CY2022Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
216049 usd
CY2021Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
223781 usd
CY2022Q4 AATP Accrued Tax Penalty Current
AccruedTaxPenaltyCurrent
75000 usd
CY2021Q4 AATP Accrued Tax Penalty Current
AccruedTaxPenaltyCurrent
75000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
37852 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
64340 usd
CY2022Q4 AATP Other Account Payable And Accrued Liabilities
OtherAccountPayableAndAccruedLiabilities
713277 usd
CY2021Q4 AATP Other Account Payable And Accrued Liabilities
OtherAccountPayableAndAccruedLiabilities
858355 usd
CY2022 AATP Commission Payments Descriptions
CommissionPaymentsDescriptions
The eWallet is primarily for the crediting of any commission payment that falls below RM100 (or $22.70).
CY2022Q4 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
100
CY2022Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
100
CY2022Q4 us-gaap Due From Related Parties
DueFromRelatedParties
10534 usd
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
7004 usd
CY2022Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
25611 usd
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
4880 usd
CY2022 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
202475 usd
CY2021 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
718 usd
CY2021 AATP Related Party Other Income
RelatedPartyOtherIncome
4345 usd
CY2022 AATP Related Party Transaction Other Purchases From Related Party
RelatedPartyTransactionOtherPurchasesFromRelatedParty
12323 usd
CY2022 AATP Related Party Other Expenses
RelatedPartyOtherExpenses
100915 usd
CY2021 AATP Related Party Other Expenses
RelatedPartyOtherExpenses
718 usd
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
75452012 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
75452012 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
290460047 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
290460047 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
380167 usd
CY2021Q4 AATP Deferred Tax Liabilities Depreciation
DeferredTaxLiabilitiesDepreciation
-15574 usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
15574 usd
CY2022Q4 us-gaap Deposits
Deposits
513152 usd
CY2022Q4 AATP Non Controlling Interest Paidin Capital
NonControllingInterestPaidinCapital
97 usd
CY2021Q4 AATP Non Controlling Interest Paidin Capital
NonControllingInterestPaidinCapital
97 usd
CY2022Q4 AATP Non Controlling Interest Accumulated Deficit
NonControllingInterestAccumulatedDeficit
20384 usd
CY2021Q4 AATP Non Controlling Interest Accumulated Deficit
NonControllingInterestAccumulatedDeficit
-436 usd
CY2022Q4 AATP Non Controlling Interest Accumulated Other Comprehensive Income
NonControllingInterestAccumulatedOtherComprehensiveIncome
32 usd
CY2021Q4 AATP Non Controlling Interest Accumulated Other Comprehensive Income
NonControllingInterestAccumulatedOtherComprehensiveIncome
3 usd
CY2022Q4 AATP Non Controlling Interest Non Controlling Interest Gross
NonControllingInterestNonControllingInterestGross
20513 usd
CY2021Q4 AATP Non Controlling Interest Non Controlling Interest Gross
NonControllingInterestNonControllingInterestGross
-336 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
20513 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
-336 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-736946 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-706659 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1670134 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2387613 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
22205 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10962 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
104735 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-15017 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
10127 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4055 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
137067 usd
CY2022 AATP Tax Rate Description
TaxRateDescription
In addition, the Tax Cuts and Jobs Act imposed a global intangible low-taxed income (“GILTI”) tax, which is a tax on certain off-shore earnings at an effective rate of 10.5% for tax years (50% deduction of the current enacted tax rate of 21%) with a partial offset for 80% foreign tax credits. If the foreign tax rate is 13.125% or higher, there will be no U.S. corporate tax after the 80% foreign tax credits are applied.
CY2021 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
395 usd
CY2020Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
312608 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
65648 usd
CY2021Q4 AATP Deferred Tax Assets Operating Loss Carryforwards Reduced Amount
DeferredTaxAssetsOperatingLossCarryforwardsReducedAmount
0 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.229 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.170 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.010 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.030 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.012 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.127 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.003 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.057 pure
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
693185 usd
CY2021Q4 us-gaap Deposits
Deposits
554864 usd
CY2022Q4 AATP Deposit For Insurance
DepositForInsurance
231187 usd
CY2021Q4 AATP Deposit For Insurance
DepositForInsurance
295761 usd
CY2021Q2 AATP Lease Expiration Term
LeaseExpirationTerm
2023-05-31
CY2021Q2 AATP Increase Decrease In Rou Assets And Liabilities
IncreaseDecreaseInROUAssetsAndLiabilities
3250 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
9777 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9777 usd
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055 pure
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10864 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
10864 usd
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
84146 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
84146 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1439 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
82707 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
567 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
190547 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
179562 usd

Files In Submission

Name View Source Status
form10-k_htm.xml Edgar Link completed
aatp-20221231_cal.xml Edgar Link unprocessable
aatp-20221231_lab.xml Edgar Link unprocessable
0001493152-23-010029-index-headers.html Edgar Link pending
0001493152-23-010029-index.html Edgar Link pending
0001493152-23-010029.txt Edgar Link pending
0001493152-23-010029-xbrl.zip Edgar Link pending
aatp-20221231.xsd Edgar Link pending
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ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
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aatp-20221231_def.xml Edgar Link unprocessable
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