2023 Q2 Form 10-K Financial Statement
#000149315223022881 Filed on June 29, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2023 |
---|---|---|---|
Revenue | $1.053M | $1.292M | $7.944M |
YoY Change | -55.9% | -54.76% | -37.4% |
Cost Of Revenue | $815.6K | $1.080M | $6.103M |
YoY Change | -57.73% | -53.32% | -42.57% |
Gross Profit | $236.9K | $211.8K | $1.841M |
YoY Change | -48.12% | -60.91% | -10.77% |
Gross Profit Margin | 22.51% | 16.4% | 23.17% |
Selling, General & Admin | $497.9K | $698.0K | $2.304M |
YoY Change | 21.26% | 14.52% | 8.66% |
% of Gross Profit | 210.15% | 329.6% | 125.14% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $33.98K | $80.02K | $344.9K |
YoY Change | -5.3% | 90.34% | 118.85% |
% of Gross Profit | 14.34% | 37.79% | 18.73% |
Operating Expenses | $497.9K | $698.0K | $2.304M |
YoY Change | 21.26% | 14.52% | 8.66% |
Operating Profit | -$260.9K | -$486.2K | -$462.9K |
YoY Change | -666.03% | 617.43% | 712.0% |
Interest Expense | $1.293M | -$1.499M | -$1.499M |
YoY Change | 52492.15% | -129359.48% | 72333.82% |
% of Operating Profit | |||
Other Income/Expense, Net | $112.5K | $3.211M | $3.304M |
YoY Change | 120.2% | 11529.16% | 1957.73% |
Pretax Income | -$2.727M | $1.225M | $1.342M |
YoY Change | -2884.11% | -3242.32% | 1222.1% |
Income Tax | $1.264K | $3.200K | $22.14K |
% Of Pretax Income | 0.26% | 1.65% | |
Net Earnings | -$2.729M | $1.222M | $1.320M |
YoY Change | -2922.69% | -2840.5% | 1591.87% |
Net Earnings / Revenue | -259.26% | 94.62% | 16.61% |
Basic Earnings Per Share | -$0.83 | $0.04 | |
Diluted Earnings Per Share | -$0.83 | $0.21 | $0.37 |
COMMON SHARES | |||
Basic Shares Outstanding | 37.40M shares | 35.45M shares | 30.34M shares |
Diluted Shares Outstanding | 3.274M shares | 35.68M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $18.32M | $18.28M | $18.28M |
YoY Change | 720.45% | 1214.61% | 1214.61% |
Cash & Equivalents | $487.2K | $562.7K | $562.7K |
Short-Term Investments | $17.83M | $17.72M | $17.72M |
Other Short-Term Assets | $7.712M | $1.332M | $1.332M |
YoY Change | 497.45% | 12.77% | 12.77% |
Inventory | $265.7K | $285.5K | $285.5K |
Prepaid Expenses | $16.03K | $10.91K | |
Receivables | $1.963M | $1.859M | $1.859M |
Other Receivables | $8.959M | $1.283M | $1.283M |
Total Short-Term Assets | $37.21M | $23.04M | $23.04M |
YoY Change | 443.18% | 305.0% | 305.0% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $586.5K | $921.6K | $921.6K |
YoY Change | -22.68% | 10.19% | -87.49% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $57.88K | $14.84M | $14.84M |
YoY Change | 47011.21% | 47011.21% | |
Total Long-Term Assets | $3.377M | $18.26M | $18.26M |
YoY Change | -45.27% | 146.85% | 146.85% |
TOTAL ASSETS | |||
Total Short-Term Assets | $37.21M | $23.04M | $23.04M |
Total Long-Term Assets | $3.377M | $18.26M | $18.26M |
Total Assets | $40.59M | $41.30M | $41.30M |
YoY Change | 211.73% | 215.6% | 215.6% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $254.3K | -$88.32K | -$114.5K |
YoY Change | -79.67% | -106.62% | -108.58% |
Accrued Expenses | $462.5K | $1.045M | $1.071M |
YoY Change | -78.02% | -27.72% | -72.72% |
Deferred Revenue | $2.152K | ||
YoY Change | -9.39% | ||
Short-Term Debt | $130.2K | $137.5K | $137.5K |
YoY Change | -8.71% | -9.01% | -9.01% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.060M | $3.526M | $3.526M |
YoY Change | -72.41% | -66.07% | -66.07% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $8.510M | $11.22M | $11.22M |
YoY Change | |||
Other Long-Term Liabilities | $4.695M | $2.436M | $2.436M |
YoY Change | 161.0% | -11.94% | -11.94% |
Total Long-Term Liabilities | $13.20M | $13.66M | $13.66M |
YoY Change | 634.15% | 393.67% | 393.67% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.060M | $3.526M | $3.526M |
Total Long-Term Liabilities | $13.20M | $13.66M | $13.66M |
Total Liabilities | $16.27M | $17.18M | $17.18M |
YoY Change | 26.17% | 30.57% | 30.57% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$8.180M | -$5.451M | |
YoY Change | 22.83% | -19.32% | |
Common Stock | $32.41M | $29.78M | |
YoY Change | 373.69% | 335.23% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $24.33M | $24.12M | $24.12M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $40.59M | $41.30M | $41.30M |
YoY Change | 211.73% | 215.6% | 215.6% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$2.729M | $1.222M | $1.320M |
YoY Change | -2922.69% | -2840.5% | 1591.87% |
Depreciation, Depletion And Amortization | $33.98K | $80.02K | $344.9K |
YoY Change | -5.3% | 90.34% | 118.85% |
Cash From Operating Activities | -$1.111M | -$41.04K | -$1.569M |
YoY Change | -499.57% | -105.8% | -243.84% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$3.668M | -$21.17M | |
YoY Change | |||
Cash From Investing Activities | -$3.668M | -$21.17M | |
YoY Change | 16687.87% | 10584.51% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $22.72M | ||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $969.8K | 2.605M | 21.85M |
YoY Change | 57.47% | 1425.36% | -1691.33% |
NET CHANGE | |||
Cash From Operating Activities | -$1.111M | -41.04K | -1.569M |
Cash From Investing Activities | -3.668M | -21.17M | |
Cash From Financing Activities | $969.8K | 2.605M | 21.85M |
Net Change In Cash | -$141.1K | -1.104M | -891.5K |
YoY Change | -115.78% | -229.02% | 85.7% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.111M | -$41.04K | -$1.569M |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | -$1.111M | -$41.04K | -$1.569M |
YoY Change | -499.57% | -105.63% | -221.74% |
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41302881 | usd |
CY2022Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
13087060 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7944171 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
12690633 | usd |
CY2023 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
6103110 | usd |
CY2022 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
10627379 | usd |
CY2023 | us-gaap |
Gross Profit
GrossProfit
|
1841061 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
2063254 | usd |
CY2023 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
78769 | usd |
CY2022 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
206251 | usd |
CY2023 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2225207 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1914008 | usd |
CY2023 | us-gaap |
Operating Expenses
OperatingExpenses
|
2303976 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
2120259 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-462915 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-57005 | usd |
CY2023 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-2983538 | usd |
CY2023 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
8463 | usd |
CY2022 | us-gaap |
Interest And Other Income
InterestAndOtherIncome
|
7818 | usd |
CY2023 | us-gaap |
Interest Expense
InterestExpense
|
1507842 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
9891 | usd |
CY2023 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
320556 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
160570 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1341800 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
101492 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
22143 | usd |
CY2023 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-223 | usd |
CY2022 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-654 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1569159 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1090872 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
23494 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1319657 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
77998 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-151511 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
67867 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1471168 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
10131 | usd |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
30340967 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
26693004 | shares |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
35680006 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
26693004 | shares |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-81498 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-81498 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
67867 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
77998 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-71367 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-71367 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
22721993 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-151511 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1319657 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24121794 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
24121794 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1319657 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
77998 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
344896 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
157604 | usd |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1493541 | usd |
CY2023 | ATXG |
Investment Income
InvestmentIncome
|
218750 | usd |
CY2023 | ATXG |
Fair Value Gain Or Loss
FairValueGainOrLoss
|
2983539 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-306081 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2592548 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
18932 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-3838 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
99609 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
826012 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
1321003 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-108951 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1262127 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1786890 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
870849 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
763489 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
198122 | usd |
CY2023 | us-gaap |
Payments To Acquire Available For Sale Securities Debt
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
17500000 | usd |
CY2023 | ATXG |
Payment For Longterm Receivables
PaymentForLongtermReceivables
|
2500000 | usd |
CY2023 | ATXG |
Cash Decreased In Disposal Of Subsidiaries
CashDecreasedInDisposalOfSubsidiaries
|
1168153 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-21168153 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-198122 | usd |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
3337373 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
4512014 | usd |
CY2023 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
4461510 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
5878286 | usd |
CY2023 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
2018 | usd |
CY2022 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
6531 | usd |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
15000000 | usd |
CY2023 | ATXG |
Payment For Restricted Cash
PaymentForRestrictedCash
|
14750000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
22721993 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
21845838 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1372803 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-891474 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-480053 | usd |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
63541 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
25620 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1390644 | usd |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1845077 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
562711 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1390644 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
116 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
21442 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
23494 | usd |
CY2022 | ATXG |
Right Of Use Asset Obtained Exchange For Operating Lease Liability
RightOfUseAssetObtainedExchangeForOperatingLeaseLiability
|
470763 | usd |
CY2023 | ATXG |
Transfer Of Rightofuse Assets Due To Disposal Of Subsidiary
TransferOfRightofuseAssetsDueToDisposalOfSubsidiary
|
-3025985 | usd |
CY2023 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<p id="xdx_80A_eus-gaap--BasisOfAccounting_zUjrspIVO3Mb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><b style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2. <span id="xdx_82C_zIeXGtAmdrr3">BASIS OF PRESENTATION</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The accompanying consolidated financial statements of the Company and its subsidiaries are prepared pursuant to the rules and regulations of the U.S Securities and Exchanges Commission (“SEC”) and in conformity with generally accepted accounting principles in the U.S. (“US GAAP”). All material inter-company accounts and transactions have been eliminated in consolidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"> </p> | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84E_eus-gaap--UseOfEstimates_z0OGFuJAXxCh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><b style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a) <span id="xdx_863_zKxTyvfP4tM9">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify">The preparation of the consolidated financial statements in conformity with US 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.25in; text-align: justify"> </p> | |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2022Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2023 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd |
CY2022 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
20000.00 | usd |
CY2023 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5339039 | shares |
CY2023Q1 | us-gaap |
Debt Securities Current
DebtSecuritiesCurrent
|
17718750 | usd |
CY2022Q3 | us-gaap |
Debt Securities Current
DebtSecuritiesCurrent
|
17500000 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.025 | pure |
CY2023Q1 | ATXG |
Coupon Receivable
CouponReceivable
|
218750 | usd |
CY2023Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
19484 | usd |
CY2022Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
184498 | usd |
CY2023Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
9373 | usd |
CY2022Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
1327 | usd |
CY2023Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
256671 | usd |
CY2022Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
80771 | usd |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
285528 | usd |
CY2022Q1 | us-gaap |
Inventory Net
InventoryNet
|
266596 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
10913 | usd |
CY2022Q1 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
14046 | usd |
CY2023Q1 | us-gaap |
Deposit Assets
DepositAssets
|
40341 | usd |
CY2022Q1 | us-gaap |
Deposit Assets
DepositAssets
|
64653 | usd |
CY2023Q1 | ATXG |
Receivable Of Consideration On Disposals Of Subsidiaries
ReceivableOfConsiderationOnDisposalsOfSubsidiaries
|
708457 | usd |
CY2022Q1 | ATXG |
Receivable Of Consideration On Disposals Of Subsidiaries
ReceivableOfConsiderationOnDisposalsOfSubsidiaries
|
269798 | usd |
CY2023Q1 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
199485 | usd |
CY2022Q1 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
226713 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
959196 | usd |
CY2022Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
575210 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1195053 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1294521 | usd |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
545933 | usd |
CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
458102 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
649120 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
836419 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
137818 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
132152 | usd |
CY2023Q1 | us-gaap |
Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
|
2500000 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2023 | ATXG |
Effective Income Tax Rate Reconciliation At Computed Expected Expenses
EffectiveIncomeTaxRateReconciliationAtComputedExpectedExpenses
|
335450 | usd |
CY2022 | ATXG |
Effective Income Tax Rate Reconciliation At Computed Expected Expenses
EffectiveIncomeTaxRateReconciliationAtComputedExpectedExpenses
|
25373 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
-6089 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
|
-350 | usd |
CY2023 | ATXG |
Income Tax Reconciliation Change In Enacted Tax Rate Permanent Difference
IncomeTaxReconciliationChangeInEnactedTaxRatePermanentDifference
|
-309661 | usd |
CY2022 | ATXG |
Income Tax Reconciliation Change In Enacted Tax Rate Permanent Difference
IncomeTaxReconciliationChangeInEnactedTaxRatePermanentDifference
|
-106866 | usd |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
2443 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
105337 | usd |
CY2023 | ATXG |
Income Tax Expense Benefits
IncomeTaxExpenseBenefits
|
22143 | usd |
CY2022 | ATXG |
Income Tax Expense Benefits
IncomeTaxExpenseBenefits
|
23494 | usd |
CY2023Q1 | ATXG |
Accumulated Tax Losses
AccumulatedTaxLosses
|
2100000 | usd |
CY2022Q1 | ATXG |
Accumulated Tax Losses
AccumulatedTaxLosses
|
1900000 | usd |
CY2023Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
6600000 | usd |
CY2022Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
4800000 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7944171 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
12690633 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-462915 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-57005 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
344896 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
157604 | usd |
CY2023 | us-gaap |
Interest Expense
InterestExpense
|
1507842 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
9891 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
41302881 | usd |
CY2022Q1 | us-gaap |
Assets
Assets
|
13087060 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
7944171 | usd |
CY2023Q1 | us-gaap |
Noncurrent Assets
NoncurrentAssets
|
1011640 | usd |
CY2023Q1 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
63935 | usd |
CY2022Q1 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
78776 | usd |
CY2023Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
445985 | usd |
CY2022Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
259647 | usd |
CY2023Q1 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
34988 | usd |
CY2022Q1 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
55814 | usd |
CY2023Q1 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
25739 | usd |
CY2022Q1 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
27882 | usd |
CY2023Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
26226 | usd |
CY2022Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
20835 | usd |
CY2022Q1 | ATXG |
Customers Deposits
CustomersDeposits
|
871730 | usd |
CY2022Q1 | ATXG |
Advance Payment From Shareholder
AdvancePaymentFromShareholder
|
125000 | usd |
CY2023Q1 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
9970 | usd |
CY2022Q1 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
5789 | usd |
CY2023Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
606843 | usd |
CY2022Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1445473 | usd |
CY2023Q1 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
15000000 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
16700000 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
|
0.05 | pure |
CY2023Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
1.25 | |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1.25 | |
CY2023Q1 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
3900000 | usd |
CY2023Q1 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
2000000.0 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Convertible Beneficial Conversion Feature
DebtInstrumentConvertibleBeneficialConversionFeature
|
1200000 | usd |
CY2023 | ATXG |
Fair Value Conversion Option
FairValueConversionOption
|
300000 | usd |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
15000000.0 | usd |
CY2023 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
15000000 | usd |
CY2023Q1 | ATXG |
Agent Fees
AgentFees
|
700000 | usd |
CY2023Q1 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2023Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
1.25 | |
CY2023Q1 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
168000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0475 | pure |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
3341042 | usd |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
3862342 | usd |
CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
78663 | usd |
CY2022 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
84089 | usd |
CY2023 | us-gaap |
Lease Cost
LeaseCost
|
3419705 | usd |
CY2022 | us-gaap |
Lease Cost
LeaseCost
|
3946431 | usd |
CY2023 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
3419705 | usd |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
3946431 | usd |
CY2022 | ATXG |
Right Of Use Asset Obtained In Exchange For Operating Leases Liability
RightOfUseAssetObtainedInExchangeForOperatingLeasesLiability
|
470763 | usd |
CY2023 | ATXG |
Transfer Of Rightofuse Assets Due To Disposal Of Subsidiary
TransferOfRightofuseAssetsDueToDisposalOfSubsidiary
|
-3025985 | usd |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y2M12D | |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y9M18D | |
CY2023Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0475 | pure |
CY2022Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0475 | pure |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
133138 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
122409 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
38881 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
294428 | usd |
CY2023Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
21940 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
272488 | usd |
CY2023Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
250000 | usd |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
250000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
35454670 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
35454670 | shares |
CY2022Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
26693004 | shares |
CY2022Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
26693004 | shares |
CY2023 | ATXG |
Description On Statutory Reserve
DescriptionOnStatutoryReserve
|
In accordance with the relevant laws and regulations of the PRC, the subsidiary of the Company established in the PRC is required to transfer 10% of its profit after taxation prepared in accordance with the accounting regulations of the PRC to the statutory reserve until the reserve balance reaches 50% of the subsidiary’s paid-up capital. Such reserve may be used to offset accumulated losses or increase the registered capital of the subsidiary, subject to the approval from the PRC authorities, and are not available for dividend distribution to the shareholders | |
CY2023 | ATXG |
Statutory Reserve Appropriation Amount
StatutoryReserveAppropriationAmount
|
14636 | usd |
CY2023Q1 | ATXG |
Paidup Statutory Reserve
PaidupStatutoryReserve
|
28457 | usd |
CY2022Q1 | ATXG |
Paidup Statutory Reserve
PaidupStatutoryReserve
|
13821 | usd |
CY2023 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
218750 | usd |
CY2022 | us-gaap |
Fee Income
FeeIncome
|
70000 | usd |
CY2022 | us-gaap |
Public Utilities Allowance For Funds Used During Construction Capitalized Interest
PublicUtilitiesAllowanceForFundsUsedDuringConstructionCapitalizedInterest
|
17541 | usd |
CY2023 | ATXG |
Penalty Income From Customers Defaults
PenaltyIncomeFromCustomersDefaults
|
76160 | usd |
CY2022 | ATXG |
Penalty Income From Customers Defaults
PenaltyIncomeFromCustomersDefaults
|
45382 | usd |
CY2023 | ATXG |
Subsidy From Government
SubsidyFromGovernment
|
30302 | usd |
CY2022 | ATXG |
Subsidy From Government
SubsidyFromGovernment
|
61901 | usd |
CY2023 | ATXG |
Donations
Donations
|
8029 | usd |
CY2023 | us-gaap |
Other Income
OtherIncome
|
3373 | usd |
CY2022 | us-gaap |
Other Income
OtherIncome
|
828 | usd |
CY2023 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
320556 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
160570 | usd |
CY2023Q1 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
0.0687 | pure |
CY2022Q1 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
0.0634 | pure |
CY2023 | ATXG |
Revenue And Expenses Foreign Currency Translated Average Exchange Rates
RevenueAndExpensesForeignCurrencyTranslatedAverageExchangeRates
|
0.0685 | pure |
CY2022 | ATXG |
Revenue And Expenses Foreign Currency Translated Average Exchange Rates
RevenueAndExpensesForeignCurrencyTranslatedAverageExchangeRates
|
0.0642 | pure |
CY2023 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
137468 | usd |
CY2023 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
944255 |