2024 Q1 Form 10-K Financial Statement

#000149315224012467 Filed on April 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $318.6K $391.1K $1.431M
YoY Change -16.32% 1.05% -22.92%
Cost Of Revenue $115.2K $137.6K $494.5K
YoY Change -10.23% -57.71% -25.75%
Gross Profit $203.4K $253.4K $936.6K
YoY Change -19.41% 311.88% -21.33%
Gross Profit Margin 63.84% 64.8% 65.44%
Selling, General & Admin $917.6K $1.269M $3.078M
YoY Change 36.48% 54.5% 32.77%
% of Gross Profit 451.09% 500.54% 328.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.60K $25.99K $75.99K
YoY Change -36.48% 41.17% 5.9%
% of Gross Profit 6.2% 10.26% 8.11%
Operating Expenses $927.0K $1.269M $3.078M
YoY Change 31.24% 54.5% 13.01%
Operating Profit -$723.5K -$1.015M -$2.142M
YoY Change 59.41% 33.65% 39.67%
Interest Expense $23.14K $57.39K $32.74K
YoY Change 220.06% -58.49% -157.11%
% of Operating Profit
Other Income/Expense, Net $27.28K -$6.680K $5.720K
YoY Change 74.96% -92.86% -104.18%
Pretax Income -$696.3K -$965.4K -$2.106M
YoY Change 58.86% 34.68% 26.12%
Income Tax $6.838K $6.290K $3.580K
% Of Pretax Income
Net Earnings -$709.7K -$974.4K -$2.102M
YoY Change 66.66% 33.08% 24.61%
Net Earnings / Revenue -222.73% -249.17% -146.88%
Basic Earnings Per Share -$0.01 -$0.03
Diluted Earnings Per Share -$0.01 -$0.01 -$0.03
COMMON SHARES
Basic Shares Outstanding 76.97M shares 77.10M shares 75.81M shares
Diluted Shares Outstanding 76.97M shares 75.81M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.581M $4.832M $4.832M
YoY Change 219.71% 235.95% 235.95%
Cash & Equivalents $3.581M $4.338M $4.338M
Short-Term Investments
Other Short-Term Assets $592.2K $237.8K $237.8K
YoY Change 186.91% -51.16% -51.16%
Inventory $56.88K $47.91K $47.91K
Prepaid Expenses $476.8K $123.8K
Receivables $37.66K $55.46K $55.46K
Other Receivables $5.520K $11.53K $11.53K
Total Short-Term Assets $4.273M $5.185M $5.185M
YoY Change 199.87% 155.61% 155.61%
LONG-TERM ASSETS
Property, Plant & Equipment $63.08K $521.5K $521.5K
YoY Change -60.69% 266.86% 133.56%
Goodwill
YoY Change
Intangibles $15.80K $17.46K
YoY Change -29.49% -27.39%
Long-Term Investments $21.31K $20.17K $20.17K
YoY Change -0.88% 20.85% 20.85%
Other Assets $0.00 $220.00 $220.00
YoY Change -100.0% -99.96% -99.96%
Total Long-Term Assets $494.3K $559.3K $559.3K
YoY Change -34.65% -26.71% -26.71%
TOTAL ASSETS
Total Short-Term Assets $4.273M $5.185M $5.185M
Total Long-Term Assets $494.3K $559.3K $559.3K
Total Assets $4.767M $5.744M $5.744M
YoY Change 118.55% 105.77% 105.77%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $133.1K $165.4K $165.4K
YoY Change -5.34% 27.8% 27.8%
Accrued Expenses $516.8K $698.5K $698.5K
YoY Change 3.62% 8.36% 8.36%
Deferred Revenue $98.26K $101.6K
YoY Change -71.43% -72.02%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.060K $7.080K $7.080K
YoY Change
Total Short-Term Liabilities $844.3K $1.072M $1.072M
YoY Change -19.65% -12.83% -12.83%
LONG-TERM LIABILITIES
Long-Term Debt $68.50K $72.56K $72.56K
YoY Change
Other Long-Term Liabilities $178.4K $219.5K $219.5K
YoY Change
Total Long-Term Liabilities $246.9K $292.1K $292.1K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $844.3K $1.072M $1.072M
Total Long-Term Liabilities $246.9K $292.1K $292.1K
Total Liabilities $1.091M $1.375M $1.375M
YoY Change 3.85% 11.89% 10.05%
SHAREHOLDERS EQUITY
Retained Earnings -$7.757M -$7.048M
YoY Change 44.42% 42.5%
Common Stock $7.697K $7.711K
YoY Change 2.01% 2.2%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.00
YoY Change
Treasury Stock Shares
Shareholders Equity $3.658M $4.369M $4.369M
YoY Change
Total Liabilities & Shareholders Equity $4.767M $5.744M $5.744M
YoY Change 118.55% 105.77% 105.77%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$709.7K -$974.4K -$2.102M
YoY Change 66.66% 33.08% 24.61%
Depreciation, Depletion And Amortization $12.60K $25.99K $75.99K
YoY Change -36.48% 41.17% 5.9%
Cash From Operating Activities -$1.243M -$1.002M -$2.002M
YoY Change 356.22% 1249.8% 146.63%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $42.32K $52.32K
YoY Change -100.0% 60.67% 62.89%
Acquisitions
YoY Change
Other Investing Activities $35.07K $35.07K
YoY Change
Cash From Investing Activities -$7.250K -$17.25K
YoY Change -72.48% -46.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.408M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$899.00 5.508M 5.398M
YoY Change -87.09% -11116.08% -2402.27%
NET CHANGE
Cash From Operating Activities -$1.243M -1.002M -2.002M
Cash From Investing Activities -7.250K -17.25K
Cash From Financing Activities -$899.00 5.508M 5.398M
Net Change In Cash -$1.252M 4.499M 3.379M
YoY Change 293.08% -3088.16% -391.44%
FREE CASH FLOW
Cash From Operating Activities -$1.243M -$1.002M -$2.002M
Capital Expenditures $0.00 $42.32K $52.32K
Free Cash Flow -$1.243M -$1.044M -$2.054M
YoY Change 299.41% 938.33% 143.44%

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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Stock Issued During Period Value New Issues
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CY2023 us-gaap Stock Repurchased During Period Value
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CY2022 us-gaap Profit Loss
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CY2022 us-gaap Depreciation
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CY2022 us-gaap Amortization Of Intangible Assets
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CY2023 us-gaap Gain Loss On Disposition Of Assets1
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CY2023 us-gaap Marketable Securities Unrealized Gain Loss
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CY2022 us-gaap Marketable Securities Unrealized Gain Loss
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CY2023 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Increase Decrease In Due From Other Related Parties Current
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CY2022 us-gaap Increase Decrease In Inventories
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CY2022 us-gaap Increase Decrease In Other Accounts Payable
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 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
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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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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022 us-gaap Income Taxes Paid Net
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CY2023 ATPC Motor Vehicle Acquired Through Finance Lease
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CY2023 ATPC Operating Lease Rightofuse Assets Obtained In Exchange For Lease Liabilities
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CY2023 us-gaap Use Of Estimates
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CY2023 ATPC Inventory Write Off
InventoryWriteOff
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CY2022 ATPC Inventory Write Off
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CY2023Q4 ATPC Allowance For Doubtful Accounts Receivables Current
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0 usd
CY2022Q4 ATPC Allowance For Doubtful Accounts Receivables Current
AllowanceForDoubtfulAccountsReceivablesCurrent
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CY2023 ATPC Forfeited Coupon Income
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CY2022 ATPC Forfeited Coupon Income
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CY2022 us-gaap Revenues
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CY2023 us-gaap Cost Of Revenue
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InventoryWriteOff
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CY2022 us-gaap Inventory Write Down
InventoryWriteDown
5307 usd
CY2022 ATPC Inventory Write Off
InventoryWriteOff
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0 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
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CY2022 us-gaap Sales Commissions And Fees
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CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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greater than 50% likely of being realized on examination
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CY2022 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
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CY2023 us-gaap Minority Interest Description
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Non-controlling interest consists of 40% of the equity interests of DSY Wellness held by an individual and approximately 0.01% (3 ordinary shares out of 9,590,599 shares) of the equity interests of ASL held by three individuals
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2023 us-gaap Prior Period Reclassification Adjustment Description
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<p id="xdx_84D_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zy7pD6H71TF4" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_867_zSmsPPDOTsHh">Reclassification</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain items of other receivable and prepayments and deposits in the consolidated balance sheet of comparative period have been reclassified to conform to the consolidated financial statements for the current period. The reclassifications have no impact on net loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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CashAndCashEquivalentsAtCarryingValue
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q4 us-gaap Cash
Cash
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CY2022Q4 us-gaap Cash
Cash
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CY2022Q4 us-gaap Time Deposits
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CY2022Q4 us-gaap Time Deposit Liability Uninsured
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CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2023Q4 us-gaap Accounts Receivable Net Current
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55458 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2826 usd
CY2023 ATPC Allowance For Doubtful Accounts Receivable Addition
AllowanceForDoubtfulAccountsReceivableAddition
546 usd
CY2023 ATPC Allowance For Doubtful Accounts Receivable Exchange Rate Effect
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2023Q4 us-gaap Inventory Finished Goods
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CY2022Q4 us-gaap Inventory Finished Goods
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46277 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
5307 usd
CY2023 ATPC Inventory Write Off
InventoryWriteOff
10899 usd
CY2022 ATPC Inventory Write Off
InventoryWriteOff
142466 usd
CY2023Q4 us-gaap Prepaid Expense Current
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CY2023Q4 ATPC Deposits To Supplier
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CY2022Q4 ATPC Deposits To Supplier
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147504 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
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215806 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
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186560 usd
CY2021Q4 ATPC Prepayments And Deposits Allowance For Doubtful Accounts
PrepaymentsAndDepositsAllowanceForDoubtfulAccounts
121095 usd
CY2022 ATPC Prepayments And Deposits Allowance For Doubtful Accounts Write Off
PrepaymentsAndDepositsAllowanceForDoubtfulAccountsWriteOff
120372 usd
CY2022 ATPC Prepayments And Deposits Allowance For Doubtful Accounts Exchange Rate Effect
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CY2023Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2023Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
488717 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
399137 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
346568 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
77858 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
142149 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
77858 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
142149 usd
CY2023 us-gaap Depreciation
Depreciation
70337 usd
CY2022 us-gaap Depreciation
Depreciation
71754 usd
CY2023 ATPC Related Party Office Rental Income
RelatedPartyOfficeRentalIncome
8350 usd
CY2023Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
53095 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
55348 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
35637 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2023 us-gaap Amortization Of Intangible Assets
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CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2122 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.
CY2023Q4 us-gaap Investment Owned At Cost
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CY2022Q4 us-gaap Investment Owned At Cost
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CY2022Q4 ATPC Transfer From Nonmarketable Security
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CY2023Q4 ATPC Marketable Securities Unrealized Holding Gain Loss
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-3493 usd
CY2022Q4 ATPC Marketable Securities Unrealized Holding Gain Loss
MarketableSecuritiesUnrealizedHoldingGainLoss
73519 usd
CY2023Q4 ATPC Exchange Rate Effect On Investment In Marketable Securites
ExchangeRateEffectOnInvestmentInMarketableSecurites
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CY2022Q4 ATPC Exchange Rate Effect On Investment In Marketable Securites
ExchangeRateEffectOnInvestmentInMarketableSecurites
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CY2023Q4 us-gaap Marketable Securities Noncurrent
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20171 usd
CY2022Q4 us-gaap Marketable Securities Noncurrent
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CY2023 us-gaap Related Party Transaction Purchases From Related Party
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295864 usd
CY2022 us-gaap Related Party Transaction Purchases From Related Party
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CY2023Q4 ATPC Customer Deposits
CustomerDeposits
100540 usd
CY2022Q4 ATPC Customer Deposits
CustomerDeposits
289487 usd
CY2023Q4 ATPC Unexpired Product Coupons
UnexpiredProductCoupons
1035 usd
CY2022Q4 ATPC Unexpired Product Coupons
UnexpiredProductCoupons
73531 usd
CY2023Q4 us-gaap Deposit Liability Current
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CY2022Q4 us-gaap Deposit Liability Current
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CY2023Q4 us-gaap Accrued Professional Fees Current
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CY2022Q4 us-gaap Accrued Professional Fees Current
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324629 usd
CY2023Q4 ATPC Accrued Promotion Expenses Current
AccruedPromotionExpensesCurrent
47995 usd
CY2022Q4 ATPC Accrued Promotion Expenses Current
AccruedPromotionExpensesCurrent
38583 usd
CY2023Q4 us-gaap Accrued Payroll Taxes Current
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26104 usd
CY2022Q4 us-gaap Accrued Payroll Taxes Current
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21164 usd
CY2023Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
185137 usd
CY2022Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
216049 usd
CY2023Q4 ATPC Accrued Tax Penalty Current
AccruedTaxPenaltyCurrent
75000 usd
CY2022Q4 ATPC Accrued Tax Penalty Current
AccruedTaxPenaltyCurrent
75000 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
43161 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
37852 usd
CY2023Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
726061 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
713277 usd
CY2023 ATPC Commission Payments Descriptions
CommissionPaymentsDescriptions
The eWallet is primarily for the crediting of any commission payment that falls below RM100 (or $22.70)
CY2023Q4 us-gaap Commissions Payable To Broker Dealers And Clearing Organizations
CommissionsPayableToBrokerDealersAndClearingOrganizations
100
CY2023Q4 us-gaap Contract With Customer Asset Gross
ContractWithCustomerAssetGross
100
CY2023 ATPC Related Party Transaction Other Purchases From Related Party
RelatedPartyTransactionOtherPurchasesFromRelatedParty
13863 usd
CY2022 ATPC Related Party Transaction Other Purchases From Related Party
RelatedPartyTransactionOtherPurchasesFromRelatedParty
12323 usd
CY2023 ATPC Related Party Other Expenses
RelatedPartyOtherExpenses
86519 usd
CY2022 ATPC Related Party Other Expenses
RelatedPartyOtherExpenses
100915 usd
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
77102012 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
77102012 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
75452012 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
75452012 shares
CY2023Q4 ATPC Fair Value Of Warrants
FairValueOfWarrants
38580 usd
CY2023Q4 ATPC Fair Value Of Warrants
FairValueOfWarrants
38580 usd
CY2023Q4 ATPC Non Controlling Interest Paidin Capital
NonControllingInterestPaidinCapital
97 usd
CY2022Q4 ATPC Non Controlling Interest Paidin Capital
NonControllingInterestPaidinCapital
97 usd
CY2023Q4 ATPC Non Controlling Interest Accumulated Deficit
NonControllingInterestAccumulatedDeficit
12434 usd
CY2022Q4 ATPC Non Controlling Interest Accumulated Deficit
NonControllingInterestAccumulatedDeficit
20384 usd
CY2023Q4 ATPC Non Controlling Interest Accumulated Other Comprehensive Income
NonControllingInterestAccumulatedOtherComprehensiveIncome
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CY2022Q4 ATPC Non Controlling Interest Accumulated Other Comprehensive Income
NonControllingInterestAccumulatedOtherComprehensiveIncome
32 usd
CY2023Q4 ATPC Non Controlling Interest Non Controlling Interest Gross
NonControllingInterestNonControllingInterestGross
11779 usd
CY2022Q4 ATPC Non Controlling Interest Non Controlling Interest Gross
NonControllingInterestNonControllingInterestGross
20513 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
11779 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
20513 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-2106360 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
3795 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10962 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-220 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-15017 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3575 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4055 usd
CY2023 ATPC 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
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
-0.2400 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Foreign
EffectiveIncomeTaxRateReconciliationTaxCreditsForeign
-0.240 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.2023 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.259 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0155 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.010 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0017 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.003 pure
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
439492 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
284959 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
664105 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
408226 usd
CY2023Q4 ATPC Unabsorbed Capital Allowance Carry Forward
UnabsorbedCapitalAllowanceCarryForward
5577 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1108955 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
693185 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
219 usd
CY2023Q4 us-gaap Deposits
Deposits
4817213 usd
CY2022Q4 us-gaap Deposits
Deposits
1427963 usd
CY2023Q4 ATPC Deposit For Insurance
DepositForInsurance
4630476 usd
CY2022Q4 ATPC Deposit For Insurance
DepositForInsurance
231187 usd
CY2023Q2 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
upon the expiry of the two-years lease for its office space, the Company entered into a new three-years lease with the same landlord who had earlier leased the same office space to the Company since April 1, 2020.
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
283220 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055 pure
CY2023Q3 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
upon the expiry of the two-years lease for its office space and sales training center, the Company entered into a new three-years lease with the same landlord who had earlier leased the same office space and sales training center to the Company since April 1, 2020.
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
126093 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055 pure
CY2023Q4 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
upon the expiry of the two-years lease for an apartment to serve as staff accommodation, the Company entered into a new two-years lease with the same landlord who had earlier leased the same apartment to the Company since October 1, 2021.
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8940 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055 pure
CY2023Q4 us-gaap Lessee Finance Lease Term Of Contract1
LesseeFinanceLeaseTermOfContract1
P5Y
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
78824 usd
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0863 pure
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
157370 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
161396 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
13094 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
275 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y5M23D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y6M14D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.055 pure
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.086 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
154403 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
12910 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
154394 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
14512 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
74525 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
14512 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
14512 usd
CY2023Q4 ATPC Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
47432 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
383322 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
103879 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
25244 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
24241 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
358078 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
79638 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
40675 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
39825 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
29152 usd

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