2022 Q2 Form 20-F Financial Statement

#000121390022067720 Filed on October 31, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 2021 Q2
Revenue $765.1K $765.1K $1.838M
YoY Change -58.36% -86.6% 310.65%
Cost Of Revenue $450.3K $450.3K $1.423M
YoY Change -68.36% -88.0% 583.21%
Gross Profit $314.8K $314.8K $414.2K
YoY Change -24.0% -83.94% 73.2%
Gross Profit Margin 41.14% 41.14% 22.54%
Selling, General & Admin $10.41M $10.41M $8.194M
YoY Change 27.03% 0.09% 573.54%
% of Gross Profit 3306.6% 3306.56% 1978.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $278.7K $120.1K
YoY Change 33.53% 38.31%
% of Gross Profit 88.54% 29.0%
Operating Expenses $10.41M $10.41M $8.194M
YoY Change 27.03% 0.09% 573.54%
Operating Profit -$10.09M -$10.09M -$7.780M
YoY Change 29.75% 19.61% 695.96%
Interest Expense -$342.5K -$342.5K $288.7K
YoY Change -218.67% -252.13% -903.84%
% of Operating Profit
Other Income/Expense, Net $62.99K -$3.253M -$362.6K
YoY Change -117.37% -1129.28% -256.54%
Pretax Income -$13.35M -$13.35M -$7.853M
YoY Change 69.95% 69.0% 904.7%
Income Tax $0.00 -$113.5K
% Of Pretax Income
Net Earnings -$24.33M -$24.33M -$7.452M
YoY Change 226.44% 199.1% 866.73%
Net Earnings / Revenue -3179.46% -3179.44% -405.52%
Basic Earnings Per Share -$0.33
Diluted Earnings Per Share -$306.4K -$0.33 -$570.4K
COMMON SHARES
Basic Shares Outstanding 79.39M shares
Diluted Shares Outstanding 79.39M shares

Balance Sheet

Concept 2022 Q2 2022 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $12.99M $12.99M $40.98M
YoY Change -68.3% -68.3% 318.16%
Cash & Equivalents $12.99M $20.73M
Short-Term Investments $19.82M
Other Short-Term Assets $250.3K $3.335M $278.4K
YoY Change -10.11% 1097.87% 157.28%
Inventory $217.5K $217.5K $1.467M
Prepaid Expenses
Receivables $0.00 $407.5K
Other Receivables $30.19M $30.19M $0.00
Total Short-Term Assets $46.73M $46.73M $43.13M
YoY Change 8.34% 8.34% 275.18%
LONG-TERM ASSETS
Property, Plant & Equipment $2.620M $2.740M $4.724M
YoY Change -44.55% -42.01% 129.67%
Goodwill $227.7K
YoY Change
Intangibles $84.86K $66.55K
YoY Change 27.51%
Long-Term Investments $412.7K $1.100M
YoY Change -29.33%
Other Assets $8.291K $63.69M $9.656M
YoY Change -99.91% 559.6% 924.8%
Total Long-Term Assets $67.84M $67.84M $24.02M
YoY Change 182.43% 182.43% 115.66%
TOTAL ASSETS
Total Short-Term Assets $46.73M $46.73M $43.13M
Total Long-Term Assets $67.84M $67.84M $24.02M
Total Assets $114.6M $114.6M $67.15M
YoY Change 70.61% 70.61% 196.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $343.9K $343.9K $119.1K
YoY Change 188.82% 188.81% 85.18%
Accrued Expenses $86.55K $86.55K $263.0K
YoY Change -67.09% -67.09% -28.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.119M $1.119M $853.2K
YoY Change 31.19% 31.18% -50.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $17.82K $17.82K $827.1K
YoY Change -97.85% -97.85% 166.72%
Total Long-Term Liabilities $17.82K $17.82K $827.1K
YoY Change -97.85% -97.85% 166.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.119M $1.119M $853.2K
Total Long-Term Liabilities $17.82K $17.82K $827.1K
Total Liabilities $1.137M $5.389M $7.430M
YoY Change -84.69% -27.47% -3.45%
SHAREHOLDERS EQUITY
Retained Earnings -$42.74M -$18.41M
YoY Change 132.11%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $109.2M $109.2M $59.72M
YoY Change
Total Liabilities & Shareholders Equity $114.6M $114.6M $67.15M
YoY Change 70.61% 70.61% 196.68%

Cashflow Statement

Concept 2022 Q2 2022 2021 Q2
OPERATING ACTIVITIES
Net Income -$24.33M -$24.33M -$7.452M
YoY Change 226.44% 199.1% 866.73%
Depreciation, Depletion And Amortization $278.7K $120.1K
YoY Change 33.53% 38.31%
Cash From Operating Activities -$2.437M -$6.257M -$2.896M
YoY Change -15.84% 83.68% 288.23%
INVESTING ACTIVITIES
Capital Expenditures -$101.1K $461.5K -$756.5K
YoY Change -86.64% -160.5% 1013.33%
Acquisitions
YoY Change
Other Investing Activities -$104.2K -$70.35M -$23.53M
YoY Change -99.56% 169.54% 9914.26%
Cash From Investing Activities -$205.3K -$72.14M -$24.29M
YoY Change -99.15% 168.55% 7917.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $54.35M
YoY Change 12.76%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.439M $68.72M 37.30M
YoY Change -117.27% 42.14% 721.42%
NET CHANGE
Cash From Operating Activities -2.437M -$6.257M -2.896M
Cash From Investing Activities -205.3K -$72.14M -24.29M
Cash From Financing Activities -6.439M $68.72M 37.30M
Net Change In Cash -9.082M -$8.124M 10.11M
YoY Change -189.82% -144.94% 189.6%
FREE CASH FLOW
Cash From Operating Activities -$2.437M -$6.257M -$2.896M
Capital Expenditures -$101.1K $461.5K -$756.5K
Free Cash Flow -$2.336M -$6.719M -$2.140M
YoY Change 9.19% 154.15% 215.56%

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On August 26, 2020, the Company’s board of directors approved a 1 for 10 reverse split of its ordinary shares.
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<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>(c)</i></b></span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of estimates</i></b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
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CY2022 btb Total
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CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>(aa)</i></b></span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Reclassification</i></b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain items in the financial statements of comparative period have been reclassified to conform to the financial statements for the current period, primarily for the effects of discontinued operations of 39Pu (see Note 4 for detail) and reverse split of the Company’s ordinary shares (see Note 11 for detail).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q2 us-gaap Time Deposits At Carrying Value
TimeDepositsAtCarryingValue
12000000 usd
CY2021Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
500000 cny
CY2022Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
75000 usd
CY2022 btb Purchase Of Shares Percentage
PurchaseOfSharesPercentage
0.51 pure
CY2022Q2 us-gaap Cash
Cash
44078 usd
CY2021Q2 us-gaap Cash
Cash
432789 usd
CY2022Q2 btb Shortterm Investment
ShorttermInvestment
647819 usd
CY2021Q2 btb Shortterm Investment
ShorttermInvestment
2526328 usd
CY2022Q2 btb Intangible Asset
IntangibleAsset
1672 usd
CY2021Q2 btb Intangible Asset
IntangibleAsset
2106 usd
CY2022Q2 btb Right Of Use Assets
RightOfUseAssets
234047 usd
CY2021Q2 btb Right Of Use Assets
RightOfUseAssets
981264 usd
CY2022Q2 us-gaap Assets Net
AssetsNet
3072221 usd
CY2021Q2 us-gaap Assets Net
AssetsNet
16729113 usd
CY2022Q2 btb Other Current Liabilities
OtherCurrentLiabilities
51818 usd
CY2021Q2 btb Other Current Liabilities
OtherCurrentLiabilities
323313 usd
CY2022Q2 btb Income Tax Payable
IncomeTaxPayable
142447 usd
CY2021Q2 btb Income Tax Payable
IncomeTaxPayable
147759 usd
CY2022Q2 btb Lease Liabilities
LeaseLiabilities
124263 usd
CY2021 btb Loan Agreement Amount
LoanAgreementAmount
16.7 usd
CY2021Q4 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
0.067 pure
CY2021Q4 us-gaap Certain Loans Acquired In Transfer Accounted For As Available For Sale Debt Securities Acquired During Period Cash Flows Expected To Be Collected At Acquisition
CertainLoansAcquiredInTransferAccountedForAsAvailableForSaleDebtSecuritiesAcquiredDuringPeriodCashFlowsExpectedToBeCollectedAtAcquisition
12300000 usd
CY2021Q4 btb Extended Loans Years
ExtendedLoansYears
P1Y
CY2022Q2 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
80918 usd
CY2022 btb Loan Agreement Amount
LoanAgreementAmount
35.8 usd
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
963052 usd
CY2022Q1 btb Business Combination Goodwill
BusinessCombinationGoodwill
227683 usd
CY2022Q1 btb Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Foreign Exchange Adjustments
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedForeignExchangeAdjustments
196690 usd
CY2022Q1 btb Total Net Assets
TotalNetAssets
1387425 usd
CY2022Q1 us-gaap Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
329711 usd
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
1057714 usd
CY2022Q1 btb Total Purchase Consideration
TotalPurchaseConsideration
1387425 usd
CY2022Q1 us-gaap Dividends Cash
DividendsCash
459792 usd
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
105638 usd
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
50158 usd
CY2022Q1 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
802137 usd
CY2022Q1 us-gaap Property Plant And Equipment Net Excluding Capital Leased Assets
PropertyPlantAndEquipmentNetExcludingCapitalLeasedAssets
1417725 usd
CY2022Q2 btb Hunan Liangxi Cultural Media Co Ltd Liangxi
HunanLiangxiCulturalMediaCoLtdLiangxi
1182195 usd
CY2022Q2 btb Urban Tea Management Inc Meno
UrbanTeaManagementIncMeno
310000 usd
CY2021Q2 btb Urban Tea Management Inc Meno
UrbanTeaManagementIncMeno
310000 usd
CY2022Q2 btb Guokui Management Inc Guokui
GuokuiManagementIncGuokui
320000 usd
CY2021Q2 btb Guokui Management Inc Guokui
GuokuiManagementIncGuokui
320000 usd
CY2021Q2 btb Cyy
CYY
394822 usd
CY2021Q2 btb Store Master Food Trading Co Ltd
StoreMasterFoodTradingCoLtd
714478 usd
CY2022Q2 btb Share Of Results Equity Method Investment
ShareOfResultsEquityMethodInvestment
-299194 usd
CY2021Q2 btb Share Of Results Equity Method Investment
ShareOfResultsEquityMethodInvestment
-182287 usd
CY2022Q2 btb Impairment Of Investment In Equity Investees
ImpairmentOfInvestmentInEquityInvestees
-412707 usd
CY2022Q2 btb Equity Method Investment
EquityMethodInvestment
1100294 usd
CY2021Q2 btb Equity Method Investment
EquityMethodInvestment
1557013 usd
CY2022Q2 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
1227070 usd
CY2022 btb Equity Interest Rate
EquityInterestRate
0.49 pure
CY2021Q2 us-gaap Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
310000 usd
CY2021Q2 us-gaap Investments And Cash
InvestmentsAndCash
400000 usd
CY2021 btb Equity Interest Rate
EquityInterestRate
0.80 pure
CY2022Q2 us-gaap Other Investments
OtherInvestments
412707 usd
CY2021 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
195048 usd
CY2020 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
22245 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0084 pure
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0105 pure
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
616627 usd
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
179176 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2619696 usd
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
758302 usd
CY2021Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
1005234 usd
CY2022Q2 btb Deposits For Mining Equipment
DepositsForMiningEquipment
66244707 usd
CY2021Q2 btb Deposits For Mining Equipment
DepositsForMiningEquipment
8630005 usd
CY2022Q2 btb Impairment Of Deposits For Mining Equipment
ImpairmentOfDepositsForMiningEquipment
-2561110 usd
CY2022Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
63683597 usd
CY2021Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
9635239 usd
CY2022 btb Accrued Impairment
AccruedImpairment
2561110 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
120043 usd
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
183908 usd
CY2022Q2 btb Operating Leases Liabilities Current
OperatingLeasesLiabilitiesCurrent
86547 usd
CY2021Q2 btb Operating Leases Liabilities Current
OperatingLeasesLiabilitiesCurrent
147205 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17820 usd
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
17990 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
104367 usd
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
165015 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y1M17D
CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y1M6D
CY2022 btb Rent Expense
RentExpense
164454 usd
CY2021 btb Rent Expense
RentExpense
226055 usd
CY2020 btb Rent Expense
RentExpense
377261 usd
CY2020Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
the Company’s board approved a 1 for 10 reverse split of its ordinary shares (the “Reverse Split”), which became effective on August 27, 2020
CY2021 us-gaap Other Expenses
OtherExpenses
4630000 usd
CY2019Q2 btb Purchase Of Ordinary Shares
PurchaseOfOrdinaryShares
179942 shares
CY2021Q3 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
15000000 shares
CY2021Q3 btb Purchase Of Warrants
PurchaseOfWarrants
15000000 shares
CY2021Q4 btb Warrants To Purchase Shares
WarrantsToPurchaseShares
4450000 shares
CY2021Q4 btb Aggregate Purchase Price Value
AggregatePurchasePriceValue
6.68 usd
CY2022 us-gaap Other Expenses
OtherExpenses
5620000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0104 pure
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5702 pure
CY2022 btb Granted In September Private Placement Number Of Shares
GrantedInSeptemberPrivatePlacementNumberOfShares
4717333 shares
CY2022 btb Granted In September Private Placement Weighted Average Life
GrantedInSeptemberPrivatePlacementWeightedAverageLife
P5Y6M
CY2022 btb Granted In September Private Placement Expiration Datesin Dollars Per Share
GrantedInSeptemberPrivatePlacementExpirationDatesinDollarsPerShare
March 15, 2027
CY2022 btb Granted In October Private Placement Number Of Shares
GrantedInOctoberPrivatePlacementNumberOfShares
5271551 shares
CY2022 btb Granted In October Private Placement Weighted Average Life
GrantedInOctoberPrivatePlacementWeightedAverageLife
P5Y6M
CY2022 btb Granted In October Private Placement Expiration Datesin Dollars
GrantedInOctoberPrivatePlacementExpirationDatesinDollars
April 13, 2027
CY2022 btb Granted In November Private Placement Number Of Shares
GrantedInNovemberPrivatePlacementNumberOfShares
9246837 shares
CY2022 btb Granted In November Private Placement Weighted Average Life
GrantedInNovemberPrivatePlacementWeightedAverageLife
P5Y6M
CY2022 btb Granted In November Private Placement Expiration Date
GrantedInNovemberPrivatePlacementExpirationDate
May 4, 2028
CY2022 btb Repurchase Of Warrants Issued In April Registered Direct Offering Number Of Sharesin Dollars
RepurchaseOfWarrantsIssuedInAprilRegisteredDirectOfferingNumberOfSharesinDollars
-5549000 shares
CY2022 btb Repurchase Of Warrants Issued In April Registered Direct Offering Expiration Datesin Dollars
RepurchaseOfWarrantsIssuedInAprilRegisteredDirectOfferingExpirationDatesinDollars
October 29, 2026
CY2022 btb Repurchase Of Warrants Issued In July Registered Direct Offering Number Of Sharesin Dollars
RepurchaseOfWarrantsIssuedInJulyRegisteredDirectOfferingNumberOfSharesinDollars
-10549000 shares
CY2022 btb Repurchase Of Warrants Issued In July Registered Direct Offering Expiration Datesin Dollars
RepurchaseOfWarrantsIssuedInJulyRegisteredDirectOfferingExpirationDatesinDollars
July 15, 2026
CY2022 btb Repurchase Of Warrants Registered Direct Offering Total Number Of Sharesin Dollars
RepurchaseOfWarrantsRegisteredDirectOfferingTotalNumberOfSharesinDollars
32089918 shares
CY2022 btb Repurchase Of Warrants Registered Direct Offering Total Weighted Average Life
RepurchaseOfWarrantsRegisteredDirectOfferingTotalWeightedAverageLife
P4Y10M17D
CY2020 btb Warrant Purchase Description
WarrantPurchaseDescription
the Company had warrants to purchase 239,675 Class A ordinary shares, among which 35,973 shares shall be exercised at $13.1 per share and 203,702 shares shall be exercised at $0.51. These warrants were classified as liability with changes in fair value charged to consolidated statements of operations and comprehensive loss. During February through March 2021, the investors exercised warrants to purchase 179,942 ordinary shares.
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.875
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.05
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
4.65
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.89
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.88
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
1.05
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0046 pure
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5638 pure
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5637 pure
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5642 pure
CY2022 btb Initial Exercise Price
InitialExercisePrice
1.5
CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
3.6
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
1.5
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0046 pure
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0079 pure
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5587 pure
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.5462 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
CY2022 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-25823675 usd
CY2021 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-8043113 usd
CY2020 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-2122427 usd
CY2022 btb Net Loss From Continuing Operations
NetLossFromContinuingOperations
-13347104 usd
CY2021 btb Net Loss From Continuing Operations
NetLossFromContinuingOperations
-8226323 usd
CY2020 btb Net Loss From Continuing Operations
NetLossFromContinuingOperations
-2090126 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-12476571 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
183210 usd
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-32301 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79385028 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10151051 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3322733 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.33
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.79
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.64
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.17
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.81
CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.63
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.16
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.02
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2022 btb Effect Of Different Tax Rates Available To Different Jurisdiction
EffectOfDifferentTaxRatesAvailableToDifferentJurisdiction
-0.125 pure
CY2021 btb Effect Of Different Tax Rates Available To Different Jurisdiction
EffectOfDifferentTaxRatesAvailableToDifferentJurisdiction
-0.148 pure
CY2020 btb Effect Of Different Tax Rates Available To Different Jurisdiction
EffectOfDifferentTaxRatesAvailableToDifferentJurisdiction
-0.011 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.001 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.125 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.102 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.238 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6123858 usd
CY2021Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4449630 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
6123858 usd
CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4449630 usd
CY2022 btb Expire Description
ExpireDescription
expire in the tax year ending December 31, 2024.
CY2021 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
8779594 usd
CY2021 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
374970 usd
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
-8226323 usd
CY2020 us-gaap Provision For Other Losses
ProvisionForOtherLosses
usd
CY2021 btb Due From Related Partie
DueFromRelatedPartie
usd
CY2021Q3 us-gaap Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
1300000 usd
CY2021Q3 us-gaap Related Party Transaction Rate
RelatedPartyTransactionRate
0.01 pure
CY2021Q3 us-gaap Related Party Transaction Date
RelatedPartyTransactionDate
2023-05-29
CY2022Q2 us-gaap Due From Other Related Parties Current
DueFromOtherRelatedPartiesCurrent
1300000 usd
CY2022 us-gaap Related Party Transaction Description Of Transaction
RelatedPartyTransactionDescriptionOfTransaction
the Company had no balances due from or due to related parties.
CY2021 btb Impairment Of Deposits For Property And Equipment
ImpairmentOfDepositsForPropertyAndEquipment
usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
CY2020 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2022 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
765094 usd
CY2022 us-gaap Other Cost Of Operating Revenue
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CY2022 dei Amendment Flag
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CY2022 dei Document Fiscal Period Focus
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0001543268
CY2022 dei Trading Symbol
TradingSymbol
BTB

Files In Submission

Name View Source Status
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0001213900-22-067720-index.html Edgar Link pending
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btb-20220630.xsd Edgar Link pending
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