2023 Q2 Form 10-K Financial Statement

#000121390023036407 Filed on May 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $5.558M $11.83M $11.83M
YoY Change 12.79% 530.18% -56.31%
Cost Of Revenue $2.674M $9.880M $9.880M
YoY Change -27.78% 429.18% -56.05%
Gross Profit $2.884M $1.950M $1.950M
YoY Change 135.35% 19054.72% -57.58%
Gross Profit Margin 51.89% 16.48% 16.48%
Selling, General & Admin $1.585M $11.90M $11.90M
YoY Change -54.78% 274.18% -6.3%
% of Gross Profit 54.94% 610.4% 610.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $80.00K $58.32K $77.94K
YoY Change 118.46% -10.24% -68.07%
% of Gross Profit 2.77% 2.99% 4.0%
Operating Expenses $1.585M $11.90M $17.29M
YoY Change -54.78% 274.18% 36.09%
Operating Profit $1.299M -$9.953M -$15.34M
YoY Change -157.02% 213.89% 89.2%
Interest Expense $34.62K -$176.4K $170.5K
YoY Change -68.97% 75.57% -152.78%
% of Operating Profit 2.66%
Other Income/Expense, Net -$125.1K -$6.108M -$6.284M
YoY Change -93.27% 2207.68% 1725.38%
Pretax Income $1.174M -$21.62M -$21.62M
YoY Change -128.38% -27.11% -38.05%
Income Tax $6.090K $6.092K
% Of Pretax Income
Net Earnings $1.054M -$22.39M -$22.39M
YoY Change -125.43% -24.53% -35.99%
Net Earnings / Revenue 18.97% -189.29% -189.29%
Basic Earnings Per Share $0.23 -$8.38
Diluted Earnings Per Share $0.23 -$8.40 -$8.38
COMMON SHARES
Basic Shares Outstanding 4.385M shares 38.43M shares 2.665M shares
Diluted Shares Outstanding 4.596M shares 2.665M shares

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.930M $2.337M $2.337M
YoY Change -61.66% -51.3% -51.3%
Cash & Equivalents $1.932M $2.337M $2.337M
Short-Term Investments
Other Short-Term Assets $10.48M $9.137M $9.137M
YoY Change 41.78% 92.41% 92.41%
Inventory $7.183M $7.654M $7.654M
Prepaid Expenses
Receivables $6.380M $3.208M $3.208M
Other Receivables $30.00K $899.9K $899.9K
Total Short-Term Assets $26.00M $23.24M $23.24M
YoY Change 7.52% 9.81% 9.81%
LONG-TERM ASSETS
Property, Plant & Equipment $1.690M $1.703M $4.646M
YoY Change -45.7% -51.63% -44.48%
Goodwill $2.066M $2.066M
YoY Change -75.34% -75.34%
Intangibles $448.9K $16.18K
YoY Change 2573.32% -10.29%
Long-Term Investments $1.800M $1.800M
YoY Change
Other Assets $3.620M $3.951M $3.951M
YoY Change 1735.98% 1803.77% 1803.77%
Total Long-Term Assets $10.66M $12.48M $12.48M
YoY Change -33.52% -26.46% -26.46%
TOTAL ASSETS
Total Short-Term Assets $26.00M $23.24M $23.24M
Total Long-Term Assets $10.66M $12.48M $12.48M
Total Assets $36.66M $35.71M $35.71M
YoY Change -8.85% -6.33% -6.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $9.610M $10.79M $10.79M
YoY Change 64.29% 46.96% 46.96%
Accrued Expenses $3.270M $3.078M $3.078M
YoY Change 6.01% -0.16% -0.16%
Deferred Revenue
YoY Change
Short-Term Debt $1.135M $818.4K $1.927M
YoY Change -31.5% -54.52% -72.51%
Long-Term Debt Due $101.2K $106.0K $106.0K
YoY Change -72.58% -71.3% -71.3%
Total Short-Term Liabilities $19.39M $25.36M $25.36M
YoY Change -9.85% 14.8% 14.8%
LONG-TERM LIABILITIES
Long-Term Debt $126.3K $314.8K $314.8K
YoY Change -73.22% -41.49% -41.49%
Other Long-Term Liabilities $4.630M $4.820M $4.820M
YoY Change 20.57% 15.82% 15.82%
Total Long-Term Liabilities $4.755M $314.8K $5.135M
YoY Change 10.29% -93.3% 9.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.39M $25.36M $25.36M
Total Long-Term Liabilities $4.755M $314.8K $5.135M
Total Liabilities $24.15M $30.50M $31.67M
YoY Change -6.49% 13.83% 17.57%
SHAREHOLDERS EQUITY
Retained Earnings -$68.30M -$70.14M
YoY Change 46.44%
Common Stock $6.259K $3.765K
YoY Change -99.99% -99.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.89M $4.048M $4.048M
YoY Change
Total Liabilities & Shareholders Equity $36.66M $35.71M $35.71M
YoY Change -8.85% -6.33% -6.33%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $1.054M -$22.39M -$22.39M
YoY Change -125.43% -24.53% -35.99%
Depreciation, Depletion And Amortization $80.00K $58.32K $77.94K
YoY Change 118.46% -10.24% -68.07%
Cash From Operating Activities -$570.0K -$2.925M -$10.26M
YoY Change -118.35% -329.93% 703.87%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions $2.768M $1.800M
YoY Change
Other Investing Activities -$356.9K -$536.9K
YoY Change -402.0% -554.32%
Cash From Investing Activities -$356.9K -$536.9K
YoY Change -132.21% -22.92%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.000M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 330.0K 4.075M $8.434M
YoY Change 33.51% 150.7% 37.34%
NET CHANGE
Cash From Operating Activities -570.0K -2.925M -$10.26M
Cash From Investing Activities -356.9K -$536.9K
Cash From Financing Activities 330.0K 4.075M $8.434M
Net Change In Cash -240.0K 793.4K -$2.273M
YoY Change -107.16% -80.2% -154.53%
FREE CASH FLOW
Cash From Operating Activities -$570.0K -$2.925M -$10.26M
Capital Expenditures
Free Cash Flow -$10.26M
YoY Change 2124.32%

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<p style="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. ORGANIZATION AND BUSINESS BACKGROUND</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">BIMI International Medical, Inc. (the “Company” or “BIMI”) was incorporated in the State of Delaware as Galli Process, Inc. on October 31, 2000. On February 7, 2002, the Company changed its name to Global Broadcast Group, Inc. On November 12, 2004, the Company changed its name to Diagnostic Corporation of America. On March 15, 2007, the Company changed its name to NF Energy Saving Corporation of America, and on August 24, 2009, the Company changed its name to NF Energy Saving Corporation. On December 16, 2019, the Company changed its name to BOQI International Medical Inc., to reflect the Company’s refocus of its business from the energy saving industry to the health care industry. Since March 7, 2012, the common stock of the Company (the “Common Stock”) has been traded on the Nasdaq Capital Market.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Until October 14, 2019, the Company, through NF Energy Saving Investment Limited and its subsidiaries (the “NF Group”), operated in the energy saving enhancement technology industry in the People’s Republic of China (the “PRC”). The NF Group focused on providing services relating to energy saving technology, optimization design, energy saving reconstruction of pipeline networks and contractual energy management for the electric power, petrochemical, coal, metallurgy, construction, and municipal infrastructure development industries in the PRC and the manufacture and sales of energy-saving flow control equipment. In late 2019, the Company committed to a plan to dispose of all its equity interests in the NF Group and on March 31, 2020, the Company entered into an agreement to sell the NF Group. The sale of the NF Group closed on June 23, 2020.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">On October 14, 2019, the Company acquired 100% of the equity interests in Lasting Wisdom Holdings Limited (“Lasting”), a limited company incorporated under the laws of the British Virgin Islands (“BVI”). Lasting has limited operating activities since incorporation except for holding the ownership interest in Pukung Limited (“Pukung”), a company organized under the laws of Hong Kong. Pukung owns 100% of the equity interest in Beijing Xinrongxin Industrial Development Co., Ltd. (“Xinrongxin”), a company organized under the laws of the PRC. Xinrongxin owns all the ownership interest of Dalian Boqi Zhengji Pharmacy Chain Co., Ltd. (“Boqi Zhengji”). Boqi Zhengji operated 16 retail pharmacy stores in China at the time of the acquisition (collectively, the “Boqi Pharmacy Group”). Lasting, Pukung, Xinrongxin and Boqi Zhengji are hereinafter collectively referred to as the “Boqi Zhengji Group”. Xinrongxin also owns 100% equity interests in Dalian Boyi Technology Co., Ltd. (“Dalian Boyi”), a subsidiary established in January 2020 and responsible for the Company’s R&amp;D and other technology related functions.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">On June 24, 2020, the Company established a wholly owned subsidiary Boyi (Liaoning) Technology Co. Ltd (“Liaoning Boyi”), in order to be qualified to participate in local healthcare projects. On December 22, 2020, the Company established another subsidiary, Bimai Pharmaceutical (Chongqing) Co., Ltd. (“Chongqing Bimai”), to replace Xinronxin as the holding company for all the retail, wholesale and hospital operations in China.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">On March 18, 2020, the Company, through its wholly owned subsidiary, Xinrongxin, acquired 100% of the equity interests in Chongqing Guanzan Technology Co., Ltd. (“Guanzan”). Guanzan held an 80% equity interest in Chongqing Shude Pharmaceutical Co., Ltd. (“Shude”, collectively with Guanzan, the “Guanzan Group”). Guanzan also owns 100% equity interest in Chongqing Lijiantang Pharmaceutical Co. Ltd., a subsidiary established in May 2020. Lijiantang operates 4 retail pharmacy stores in China (collectively, the “Lijiantang Pharmacy Group”,”).</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">On December 11, 2020, the Company entered into a stock purchase agreement to sell Boqi Zhengji. The sale of the Boqi Zhengji was closed by the end of 2020, although the government record was not updated until February 2, 2021 due to the Chinese government’s alternative working schedule and other delays caused by COVID-19.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">On December 9, 2020, the Company entered into an agreement to acquire 100% of the equity interests in Chongqing Guoyitang Hospital (“Guoyitang”), the owner and operator of a private general hospital in Chongqing City, a city in Southwest China. The transaction closed on February 2, 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">On December 15, 2020, the Company entered into a stock purchase agreement to acquire Chaohu Zhongshan Minimally Invasive Hospital (“Zhongshan”), a private hospital in the east region of China. The transaction closed on February 5, 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">On April 9, 2021, the Company entered into a stock purchase agreement to acquire three private hospitals in the PRC, Wuzhou Qiangsheng Hospital (“Qiangsheng”), Suzhou Eurasia Hospital(“Eurasia”) and Yunnan Yuxi MinKang hospital (“Minkang”). The transaction closed on May 6, 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">On April 21, 2021, Bimai Hospital Management (Chongqing) Co. Ltd. was incorporated in the PRC by the Company to manage the operations of the Company’s medical devices segment.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">On April 21, 2021, Pusheng Pharmaceutical Co., Ltd. was incorporated in the PRC by the Company to manage its wholesale distribution of generic drugs.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">On September 10, 2021, the Company entered into a stock purchase agreement to acquire 100% of the equity interests in Chongqing Zhuoda Pharmaceutical Co., LTD (“Zhuoda”). The transaction closed on October 8, 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; ">On December 20, 2021, the Company entered into a stock purchase agreement to acquire Bengbu Mali OB-GYN Hospital Co., Ltd. (“Mali Hospital”). We agreed to purchase all the issued and outstanding equity interests in Mali Hospital in consideration of $16,750,000. On January 4, 2022, we paid RMB7,227,000 to the seller as partial consideration. The transaction did not close and on December 15, 2022, the Company entered into a termination agreement with respect to the purchase of Mali Hospital. Pursuant to the termination agreement, the original agreement will terminate effective as of the date of the return of the 60,000 shares of the Company’s common stock previously issued to the sellers of Mali Hospital and certain third-party beneficiaries. Such return is expected to take place promptly. The Company did not incur any penalties as a result of the termination of the Original Agreement. As of the date of this annual report, we have not received the refund of RMB7,227,000 we paid on January 4, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Pharmacy Group engages in the retail sale of medicine and other healthcare products in the PRC. The Pharmacy Group sells its medicine and other healthcare products to customers through its directly-owned stores. The Pharmacy Group offers a wide range of products, including prescription and over-the-counter (“OTC”) drugs, nutritional supplements, traditional Chinese medicines, personal and family care products and medical devices, as well as miscellaneous items.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Company’s wholesale segments are engaged in the distribution of medical devices and pharmaceuticals.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The Company’s medical services segments are engaged in providing medical services in the hospitals.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">As of December 31,2022, the details of the Company’s major subsidiaries are as follows:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-indent: -0.125in; padding-left: 0.125in; border-bottom: Black 1.5pt solid; text-align: left; font-weight: bold; vertical-align: bottom">Name</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Place of incorporation and<br/> kind of legal entity</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Principal activities and<br/> place of operation</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Effective <br/> interest held(%)</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; width: 32%; text-align: left">Lasting Wisdom Holdings Limited</td><td style="width: 1%"> </td> <td style="width: 24%; text-align: left">British Virgin Island, a limited liability company</td><td style="width: 1%"> </td> <td style="width: 24%; text-align: left">Investment holding</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 15%; text-align: right">100</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Pukung Limited</td><td> </td> <td style="text-align: left">Hong Kong, a limited liability company</td><td> </td> <td style="text-align: left">Investment holding</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Beijing Xinrongxin Industrial Development Co., Ltd.</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Investment holding</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Boyi (Liaoning) Technology Co., Ltd</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">IT Technology service research and development</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Dalian Boyi Technology Co., Ltd</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">IT Technology service research and development</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Chongqing Guanzan Technology Co., Ltd.</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Wholesale distribution of medical devices in the PRC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Chongqing Shude Pharmaceutical Co., Ltd.</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Wholesale distribution of generic drugs in the PRC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">95</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Chongqing Lijiantang Pharmaceutical Co., Ltd.</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Wholesale distribution of generic drugs in the PRC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Bimai Pharmaceutical (Chongqing) Co., Ltd.</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Investment holding</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Chongqing Guoyitang Hospital Co., Ltd.</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Hospital in the PRC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Chongqing Huzhongtang Healthy Technology Co., Ltd.</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Wholesale distribution of generic drugs in the PRC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Chaohu Zhongshan Minimally Invasive Hospital Co.,Ltd.</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Hospital in the PRC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Yunnan Yuxi Minkang Hospital Co., Ltd.</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Hospital in the PRC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Wuzhou Qiangsheng Hospital Co., Ltd.</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Hospital in the PRC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Suzhou Eurasia Hospital Co., Ltd.</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Hospital in the PRC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Bimai Hospital Management (Chongqing) Co. Ltd</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Hospital management in the PRC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-indent: -0.125in; padding-left: 0.125in; text-align: left; vertical-align: top"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-indent: -0.125in; padding-left: 0.125in; vertical-align: top; text-align: left">Pusheng Pharmaceutical Co., Ltd</td><td> </td> <td style="text-align: left">The PRC, a limited liability company</td><td> </td> <td style="text-align: left">Wholesale distribution of generic drugs in the PRC</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">100</td><td style="text-align: left"> </td></tr> </table>
CY2021Q4 us-gaap Interest And Fee Income Loans Consumer Home Equity
InterestAndFeeIncomeLoansConsumerHomeEquity
16750000 usd
CY2022Q1 us-gaap Interest And Fee Income Loans Consumer Home Equity
InterestAndFeeIncomeLoansConsumerHomeEquity
7227000 cny
CY2022Q1 us-gaap Customer Refundable Fees
CustomerRefundableFees
7227000 cny
CY2022Q4 bimi Allowance For Obsolete Inventories
AllowanceForObsoleteInventories
59567 usd
CY2022 us-gaap Other Operating Income
OtherOperatingIncome
22393259 usd
CY2021 us-gaap Other Operating Income
OtherOperatingIncome
34985956 usd
CY2022 us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
10255206 usd
CY2021 us-gaap Payments For Other Operating Activities
PaymentsForOtherOperatingActivities
4436774 usd
CY2022Q4 bimi Net Current Liabilities Percentage
NetCurrentLiabilitiesPercentage
21266.72 pure
CY2021Q4 bimi Net Current Liabilities Percentage
NetCurrentLiabilitiesPercentage
9324.92 pure
CY2022Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
70143785 usd
CY2021Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
47900930 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
2252401 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
2091927 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in; font-size: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font-size: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Use of estimates</b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The preparation of the consolidated financial statements in conformity with the U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities on the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and judgments on historical experience and on various other assumptions and information that are believed to be reasonable under the circumstances. Estimates and assumptions of future events and their effects cannot be perceived with certainty and, accordingly, these estimates may change as new events occur, as more experience is acquired, as additional information is obtained and as our operating environment changes. Significant estimates and assumptions made by management include, among others, useful lives and impairment of long-lived assets, impairment of goodwill, collectability of accounts receivable, advances to suppliers, allowance for doubtful accounts, reserve of inventory and valuation of derivative liabilities. While the Company believes that the estimates and assumptions used in the preparation of the consolidated financial statements are appropriate, actual results could differ from those estimates. Estimates and assumptions are periodically reviewed and the effects of revisions are reflected in the consolidated financial statements in the period they are determined to be necessary.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p>
CY2021 bimi Addition During The Year
AdditionDuringTheYear
usd
CY2022 bimi Accounts Receivables Contractual Term
AccountsReceivablesContractualTerm
P90D
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1380929 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
53698 usd
CY2021Q4 bimi Allowance For Obsolete Inventories
AllowanceForObsoleteInventories
93884 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
5385811 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
26128171 usd
CY2022Q4 bimi Foreign Currency Exchange Rate Translations Annual Average
ForeignCurrencyExchangeRateTranslationsAnnualAverage
6.7261 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.50 pure
CY2022Q4 bimi Percentage Of Income Tax Examination Minimum Likelihood Of Tax Benefits Being Realized Upon Settlement
PercentageOfIncomeTaxExaminationMinimumLikelihoodOfTaxBenefitsBeingRealizedUponSettlement
0.13 pure
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
6.9646 pure
CY2021Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
6.3757 pure
CY2022Q4 bimi Shares Issued For Interest Payment
SharesIssuedForInterestPayment
usd
CY2021Q4 bimi Foreign Currency Exchange Rate Translations Annual Average
ForeignCurrencyExchangeRateTranslationsAnnualAverage
6.4515 pure
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 pure
CY2020Q4 us-gaap Business Combination Contingent Consideration Asset
BusinessCombinationContingentConsiderationAsset
7374000 usd
CY2022Q4 us-gaap Other Minority Interests
OtherMinorityInterests
46295 usd
CY2022 bimi Non Controlling Equity Interest Percentage
NonControllingEquityInterestPercentage
0.20 pure
CY2021Q2 us-gaap Investment Company Committed Capital
InvestmentCompanyCommittedCapital
4892293 usd
CY2020Q4 bimi Partial Consideration
PartialConsideration
6100723 usd
CY2020Q4 bimi Partial Consideration
PartialConsideration
40000000 cny
CY2021Q1 bimi Common Stock Shares
CommonStockShares
400000 shares
CY2022 bimi Heacquisitionoftheqiangshengeurasiaandminkanghospitals
HEACQUISITIONOFTHEQIANGSHENGEURASIAANDMINKANGHOSPITALS
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>7.</b></span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>THE ACQUISITION OF THE QIANGSHENG, EURASIA AND MINKANG HOSPITALS</b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">On April 9, 2021, the Company and Chongqing Bimai entered into a stock purchase agreement to acquire three private hospitals in the PRC, the Qiangsheng, Eurasia and Minkang hospitals. Pursuant to the agreement, the Company agreed to purchase all the issued and outstanding equity interests in the three hospitals in consideration of approximately $25,023,555 (RMB162,000,000) to paid by the issuance of 4,000,000 shares of Common Stock, the value of which was agreed to be RMB 78 million or $12 million and the payment of RMB 84,000,000 (approximately $13,008,734) in cash (the “Cash Consideration”). The first payment of the Cash Consideration was RMB 20,000,000 (approximately $3,097,317). The second and third payments of the Cash Consideration of RMB 64,000,000 (approximately $9,911,416) were subject to post-closing adjustments based on the performance of Qiangsheng, Eurasia and Minkang in 2021 and 2022. The sellers had the right to receive the second and third payments in the form of shares of Common Stock valued at $15.00 per share or in cash. The transaction closed on May 6, 2021, at which time 4,000,000 shares of Common Stock were issued. As a result of the performance failure by the three hospitals for the year ended December 31, 2021, the sellers are not eligible to receive any contingent payments.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The following summarizes the identified assets acquired and liabilities assumed pursuant to the Qiangsheng, Eurasia and Minkang acquisitions as of May 6, 2021:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; padding-left: 0in; font-weight: bold; text-align: left">Items</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 0in; font-weight: bold; text-align: left">Assets</td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; width: 88%; text-align: left">Cash and cash equivalents</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">12,341</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Accounts receivable, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">41,836</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Inventories, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">156,576</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Advances and other receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">40,620</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Property, plant and equipment, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">653,104</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Operating lease-right of use assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,168,709</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Goodwill</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,067,529</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0in; font-weight: bold; text-align: left">Liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Accounts payable, trade</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(355,980</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Advances from customers</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(36,798</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Tax payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(345,870</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Other payables and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(311,174</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Lease liability-current</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(365,788</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in; text-align: left">Lease liability-non current</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,988,195</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0in; font-weight: bold; text-align: left">Total net assets</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">8,736,910</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">The fair value of all assets acquired and liabilities assumed is the estimated book value of the Qiangsheng, Eurasia and Minkang hospitals. Goodwill represents the excess of the fair value of purchase price over the amounts assigned to the fair value of the assets acquired and the liabilities assumed of Qiangsheng, Eurasia and Minkang Hospitals at the acquisition date.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.05pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On December 28, 2022, we entered into an agreement to transfer 90% of the equity interests in Qiangsheng, Minkang and Eurasia to the previous owners. As consideration for the transfer, the sellers agreed to return to us the 80,000 shares of Common Stock which were previously issued upon the acquisition of the three hospitals. The sales of Qiangsheng, Minkang and Eurasia are expected to close in the second quarter of 2023.</p>
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CY2021Q4 us-gaap Debt Instrument Description
DebtInstrumentDescription
the “November SPA”) with the same two Institutional Investors to sell them a series of senior convertible notes (the “2021 Notes”) with an original issue discount of 20% and ranking senior to all outstanding and future indebtedness of the Company in a private placement. Each Institutional Investor paid $3,250,000 in cash for a 2021 Note in the face amount of $3,900,000. The November SPA also provided for the issuance of additional 2021 Notes in an aggregate original principal amount not to exceed $3,900,000 under certain circumstances. The November SPA also contains provisions about the Market Event Price. The 2021 Notes, which were issued on November 22, 2021, mature on the eighteen-month anniversary of the issuance date, are payable by the Company in installments and are convertible at the election of the Institutional Investors at the conversion price of $3.25 (post-Split Price and subject to the Event Market Price Adjustment), which is subject to adjustment in the event of default. Each Institutional Investor also received a warrant (the “Institutional Investor 2021 Warrant”) to purchase 180,000 shares of Common Stock at an initial exercise price of $3.55 per share (subject to the Event Market Price Adjustment). The placement agent for the private placement received a warrant (the “Placement Agent 2021 Warrant”, together with the Institutional Investor 2021 Warrant, the “2021 Warrants”) to purchase up to 8% of the aggregate number of shares of Common Stock at an initial exercise price of $3.55 per share (post-Split Price and subject to the Event Market Price Adjustment), subject to increase based on the number of shares Common Stock issued pursuant to the 2021 Notes.
CY2022Q4 bimi Convertible Note Principal
ConvertibleNotePrincipal
1108785 usd
CY2021Q4 bimi Convertible Note Principal
ConvertibleNotePrincipal
7800000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
2588840 usd
CY2022Q4 us-gaap Convertible Debt
ConvertibleDebt
1108785 usd
CY2021Q4 us-gaap Convertible Debt
ConvertibleDebt
5211160 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.71 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.71 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0087 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0087 pure
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y5M1D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y5M1D
CY2022Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
4600441 usd
CY2021Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
730285 usd
CY2022 us-gaap Loan Processing Fee
LoanProcessingFee
2000000 usd
CY2022Q4 us-gaap Longterm Construction Loan Current And Noncurrent
LongtermConstructionLoanCurrentAndNoncurrent
1620000 usd
CY2022Q4 bimi Payroll Payable Current
PayrollPayableCurrent
411043 usd
CY2021Q4 bimi Payroll Payable Current
PayrollPayableCurrent
671147 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
2135333 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1005833 usd
CY2022Q4 bimi Accrued Operating Expenses
AccruedOperatingExpenses
-900 usd
CY2021Q4 bimi Acquisition Payable
AcquisitionPayable
403305 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
630097 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
3175574 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2080285 usd
CY2019Q4 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
500000 usd
CY2021Q4 bimi Employment Agreement Term
EmploymentAgreementTerm
P1Y
CY2021 us-gaap Exchange Fees
ExchangeFees
usd
CY2021Q4 us-gaap Salaries And Wages
SalariesAndWages
1000000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
100000 shares
CY2021Q3 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
250000 usd
CY2022 bimi Employment Agreement Term
EmploymentAgreementTerm
P1Y
CY2022 us-gaap Salaries And Wages
SalariesAndWages
500000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
500000 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
15806052 shares
CY2021Q1 bimi Aggregate Principal Amounts
AggregatePrincipalAmounts
74473 usd
CY2022Q1 us-gaap Deferred Compensation Arrangement With Individual Fair Value Of Shares Issued
DeferredCompensationArrangementWithIndividualFairValueOfSharesIssued
500000 usd
CY2022Q1 us-gaap Deferred Compensation Arrangement With Individual Shares Issued
DeferredCompensationArrangementWithIndividualSharesIssued
500000 shares
CY2022Q3 us-gaap Shares Issued
SharesIssued
12500000 shares
CY2022Q3 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
5 usd
CY2022Q4 us-gaap Shares Issued
SharesIssued
44000 shares
CY2022Q4 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
15806052 shares
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
6276080 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.165 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.25 pure
CY2022 bimi Income Loss Before Income Taxes
IncomeLossBeforeIncomeTaxes
-3479593 usd
CY2021 bimi Income Loss Before Income Taxes
IncomeLossBeforeIncomeTaxes
-1076954 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-869899 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-269239 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1481 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
9057 usd
CY2022 bimi Income Tax Reconciliation Nonprofitable Expense
IncomeTaxReconciliationNonprofitableExpense
874510 usd
CY2021 bimi Income Tax Reconciliation Nonprofitable Expense
IncomeTaxReconciliationNonprofitableExpense
596660 usd
CY2021 bimi Tax Effect Of Preferential Tax Rate
TaxEffectOfPreferentialTaxRate
-306806 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6092 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
29674 usd
CY2022 bimi Effective Vat Rate Percentage
EffectiveVatRatePercentage
0.13 pure
CY2022 bimi Value Added Tax Payable
ValueAddedTaxPayable
7893 usd
CY2021 bimi Value Added Tax Payable
ValueAddedTaxPayable
11163 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
642 usd
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
usd
CY2022 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-21628406 usd
CY2021 us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-34693619 usd
CY2022 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-689650 usd
CY2021 us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-228126 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-22318056 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-34921745 usd
CY2022 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
2664653 shares
CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
536293 shares
CY2022 bimi Continuing Operations
ContinuingOperations
-8.12
CY2021 bimi Continuing Operations
ContinuingOperations
-64.69
CY2022 bimi Income Loss From Discontinued Operations Basic And Diluted
IncomeLossFromDiscontinuedOperationsBasicAndDiluted
-0.26
CY2021 bimi Income Loss From Discontinued Operations Basic And Diluted
IncomeLossFromDiscontinuedOperationsBasicAndDiluted
-0.43
CY2022 bimi Total Loss Per Share
TotalLossPerShare
-8.38
CY2021 bimi Total Loss Per Share
TotalLossPerShare
-65.12
CY2022 bimi Statutory Reserve
StatutoryReserve
0.10 pure
CY2022 bimi Aftertax Net Income
AftertaxNetIncome
0.50 pure
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 pure
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
11830379 usd
CY2022 bimi Cost Of Revenues
CostOfRevenues
9880429 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
77939 usd
CY2022 bimi Profitloss
Profitloss
-21628406 usd
CY2021Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
usd
CY2022Q4 bimi Total Assets
TotalAssets
29853668 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
21319610 usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
usd
CY2021 bimi Cost Of Revenues
CostOfRevenues
18893667 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
170532 usd
CY2021 bimi Profitloss
Profitloss
-34693619 usd
CY2021Q4 bimi Total Assets
TotalAssets
29699202 usd
CY2022 bimi Total Revenues From Reportable Segments
TotalRevenuesFromReportableSegments
12813333 usd
CY2022 bimi Elimination Of Intersegments Revenues
EliminationOfIntersegmentsRevenues
-982954 usd
CY2022 bimi Total Consolidated Revenues
TotalConsolidatedRevenues
11830379 usd
CY2022 bimi Total Loss From Reportable Segments
TotalLossFromReportableSegments
-2727636 usd
CY2022 bimi Elimination Of Intersegments Profit Or Loss
EliminationOfIntersegmentsProfitOrLoss
-696567 usd
CY2022 bimi Amortization Of Discount Of Notes And Convertible Notes
AmortizationOfDiscountOfNotesAndConvertibleNotes
-3260788 usd
CY2022 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
14943415 usd
CY2022 bimi Total Net Loss
TotalNetLoss
-21628406 usd
CY2022Q4 bimi Total Assets From Reportable Segments
TotalAssetsFromReportableSegments
36787755 usd
CY2022Q4 bimi Elimination Of Intersegments Receivables
EliminationOfIntersegmentsReceivables
-15662215 usd
CY2022Q4 bimi Other Unallocated Assets Phenix Bio Inc
OtherUnallocatedAssetsPhenixBioInc
1800000 usd
CY2022Q4 bimi Other Unallocated Assets Xinrongxin
OtherUnallocatedAssetsXinrongxin
4167 usd
CY2022Q4 bimi Other Unallocated Assets Liaoning Boyi
OtherUnallocatedAssetsLiaoningBoyi
30654 usd
CY2022Q4 bimi Other Unallocated Assets Dalian Boyi
OtherUnallocatedAssetsDalianBoyi
3975 usd
CY2022Q4 bimi Other Unallocated Assets Chongqing Bimai
OtherUnallocatedAssetsChongqingBimai
1624154 usd
CY2022Q4 bimi Other Unallocated Assets Bimi
OtherUnallocatedAssetsBIMI
5265178 usd
CY2022Q4 bimi Total Consolidated Assets
TotalConsolidatedAssets
29853668 usd
CY2021 bimi Total Revenues From Reportable Segments
TotalRevenuesFromReportableSegments
25685842 usd
CY2021 bimi Other Revenues
OtherRevenues
14165 usd
CY2021 bimi Elimination Of Intersegments Revenues
EliminationOfIntersegmentsRevenues
-4380397 usd
CY2021 bimi Total Consolidated Revenues
TotalConsolidatedRevenues
21319610 usd
CY2021 bimi Total Loss From Reportable Segments
TotalLossFromReportableSegments
482368 usd
CY2021 bimi Elimination Of Intersegments Profit Or Loss
EliminationOfIntersegmentsProfitOrLoss
-671410 usd
CY2021 bimi Amortization Of Discount Of Notes And Convertible Notes
AmortizationOfDiscountOfNotesAndConvertibleNotes
-2252401 usd
CY2021 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
15201469 usd
CY2021 bimi Total Net Loss
TotalNetLoss
-17642912 usd
CY2021Q4 bimi Total Assets From Reportable Segments
TotalAssetsFromReportableSegments
36523225 usd
CY2021Q4 bimi Elimination Of Intersegments Receivables
EliminationOfIntersegmentsReceivables
-25344121 usd
CY2021Q4 bimi Other Unallocated Assets Dalian Boyi
OtherUnallocatedAssetsDalianBoyi
21955 usd
CY2021Q4 bimi Other Unallocated Assets Chongqing Bimai
OtherUnallocatedAssetsChongqingBimai
18173386 usd
CY2021Q4 bimi Other Unallocated Assets Liaoning Boyi
OtherUnallocatedAssetsLiaoningBoyi
33847 usd
CY2021Q4 bimi Other Unallocated Assets Xinrongxin
OtherUnallocatedAssetsXinrongxin
3188516 usd
CY2021Q4 bimi Other Unallocated Assets Bimi
OtherUnallocatedAssetsBIMI
5531557 usd
CY2021Q4 bimi Total Consolidated Assets
TotalConsolidatedAssets
38128365 usd
CY2021 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
usd
CY2022 bimi Schedule Of Revenues From Each Types Of Products Table Txet Block
ScheduleOfRevenuesFromEachTypesOfProductsTableTxetBlock
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">For the years ended<br/> December 31,</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; vertical-align: bottom"> </td></tr> <tr style="vertical-align: bottom"> <td style="vertical-align: bottom; text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2022</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold; vertical-align: bottom"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt; vertical-align: bottom"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; vertical-align: bottom; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left; text-indent: -9pt; padding-left: 9pt">Medical devices wholesale</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">4,142,455</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">3,445,107</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Pharmaceuticals wholesale</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,831,328</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,495,373</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Medical services</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-176">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,048,318</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Pharmacy retail</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">856,596</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">316,647</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">Others</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-177">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">14,165</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 4pt; text-indent: -9pt; padding-left: 9pt">Total</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">11,830,379</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">21,319,610</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: left"> </p>
CY2022 bimi Total Revenue
TotalRevenue
11830379 usd
CY2021 bimi Total Revenue
TotalRevenue
21319610 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.10 pure
CY2021 bimi Accounts Receivable Percentage
AccountsReceivablePercentage
0.10 pure
CY2022Q4 us-gaap Investment Sold Not Yet Purchased Percent Of Net Assets
InvestmentSoldNotYetPurchasedPercentOfNetAssets
0.10 pure
CY2022Q4 us-gaap Shares Issued
SharesIssued
200000 shares
CY2022Q4 us-gaap Shares Issued
SharesIssued
400000 shares
CY2022Q3 us-gaap Other Cash Equivalents At Carrying Value
OtherCashEquivalentsAtCarryingValue
180000 usd
CY2022Q3 us-gaap Shares Issued
SharesIssued
5270000 shares
CY2022Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
270000 shares
CY2022Q3 bimi Aggregate Net Profit
AggregateNetProfit
2500000 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
2000000 usd
CY2022Q4 us-gaap Accounts Payable Interest Bearing Interest Rate
AccountsPayableInterestBearingInterestRate
0.06 pure
CY2022Q4 bimi Conversion Price
ConversionPrice
0.4
CY2022Q4 us-gaap Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
0.60 pure
CY2022Q4 us-gaap Share Price
SharePrice
0.25
CY2022Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group Current
AssetsHeldForSaleNotPartOfDisposalGroupCurrent
usd
CY2021Q4 us-gaap Long Term Investments
LongTermInvestments
usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
usd
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
usd
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3764780 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3764780 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
850222 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
850222 shares
CY2021Q4 bimi Accrued Operating Expenses
AccruedOperatingExpenses
usd
CY2022Q4 bimi Social Security Payable
SocialSecurityPayable
usd
CY2021Q4 bimi Social Security Payable
SocialSecurityPayable
usd
CY2022 bimi Common Stock To Be Issued Upon Conversion Of Convertible Promissory Notes
CommonStockToBeIssuedUponConversionOfConvertiblePromissoryNotes
usd
CY2021 bimi Common Stock To Be Issued Upon Conversion Of Convertible Promissory Notes
CommonStockToBeIssuedUponConversionOfConvertiblePromissoryNotes
usd
CY2022Q4 bimi Acquisition Payable
AcquisitionPayable
usd
CY2022Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
usd
CY2021Q4 us-gaap Other Long Term Debt Current
OtherLongTermDebtCurrent
usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
usd
CY2022 bimi Tax Effect Of Preferential Tax Rate
TaxEffectOfPreferentialTaxRate
usd
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2664653 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
536293 shares
CY2022 bimi Other Revenues
OtherRevenues
usd
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001213660
CY2022Q2 dei Entity Public Float
EntityPublicFloat
0 usd

Files In Submission

Name View Source Status
bimi-20221231_pre.xml Edgar Link unprocessable
f10k2022_bimiinter_htm.xml Edgar Link completed
0001213900-23-036407-index-headers.html Edgar Link pending
0001213900-23-036407-index.html Edgar Link pending
0001213900-23-036407.txt Edgar Link pending
0001213900-23-036407-xbrl.zip Edgar Link pending
bimi-20221231.xsd Edgar Link pending
ex3-10_001.jpg Edgar Link pending
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