2023 Q3 Form 10-Q Financial Statement

#000121390023096651 Filed on December 19, 2023

View on sec.gov

Income Statement

Concept 2023 Q3
Revenue $2.523M
YoY Change -65.51%
Cost Of Revenue $2.408M
YoY Change -57.98%
Gross Profit $115.2K
YoY Change -92.73%
Gross Profit Margin 4.56%
Selling, General & Admin $3.265M
YoY Change -30.19%
% of Gross Profit 2835.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization -$18.75K
YoY Change -147.52%
% of Gross Profit -16.28%
Operating Expenses $3.265M
YoY Change -30.19%
Operating Profit -$3.150M
YoY Change 1.86%
Interest Expense $35.88K
YoY Change -63.16%
% of Operating Profit
Other Income/Expense, Net $15.62K
YoY Change -102.51%
Pretax Income -$3.134M
YoY Change -15.63%
Income Tax
% Of Pretax Income
Net Earnings -$3.129M
YoY Change -15.72%
Net Earnings / Revenue -124.02%
Basic Earnings Per Share -$0.51
Diluted Earnings Per Share -$0.51
COMMON SHARES
Basic Shares Outstanding 6.430M shares
Diluted Shares Outstanding 6.430M shares

Balance Sheet

Concept 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $994.1K
YoY Change -5.04%
Cash & Equivalents $994.1K
Short-Term Investments
Other Short-Term Assets $12.15M
YoY Change 114.34%
Inventory $7.087M
Prepaid Expenses
Receivables $4.116M
Other Receivables $19.78K
Total Short-Term Assets $24.37M
YoY Change 40.17%
LONG-TERM ASSETS
Property, Plant & Equipment $1.672M
YoY Change -42.04%
Goodwill $2.066M
YoY Change -75.34%
Intangibles $468.2K
YoY Change 2849.24%
Long-Term Investments
YoY Change
Other Assets $3.561M
YoY Change 871.86%
Total Long-Term Assets $10.67M
YoY Change -31.66%
TOTAL ASSETS
Total Short-Term Assets $24.37M
Total Long-Term Assets $10.67M
Total Assets $35.04M
YoY Change 6.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.44M
YoY Change 146.65%
Accrued Expenses $3.561M
YoY Change 12.11%
Deferred Revenue
YoY Change
Short-Term Debt $1.137M
YoY Change -17.8%
Long-Term Debt Due $135.8K
YoY Change -25.87%
Total Short-Term Liabilities $20.16M
YoY Change 6.66%
LONG-TERM LIABILITIES
Long-Term Debt $24.37K
YoY Change -94.87%
Other Long-Term Liabilities $4.717M
YoY Change 37.96%
Total Long-Term Liabilities $4.741M
YoY Change 21.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.16M
Total Long-Term Liabilities $4.741M
Total Liabilities $24.90M
YoY Change 9.24%
SHAREHOLDERS EQUITY
Retained Earnings -$71.43M
YoY Change
Common Stock $6.673K
YoY Change -99.99%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $8.707M
YoY Change
Total Liabilities & Shareholders Equity $35.04M
YoY Change 6.17%

Cashflow Statement

Concept 2023 Q3
OPERATING ACTIVITIES
Net Income -$3.129M
YoY Change -15.72%
Depreciation, Depletion And Amortization -$18.75K
YoY Change -147.52%
Cash From Operating Activities -$1.486M
YoY Change -82.06%
INVESTING ACTIVITIES
Capital Expenditures $603.9K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$603.9K
YoY Change 235.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.036M
YoY Change -77.91%
NET CHANGE
Cash From Operating Activities -1.486M
Cash From Investing Activities -603.9K
Cash From Financing Activities 1.036M
Net Change In Cash -1.054M
YoY Change -72.08%
FREE CASH FLOW
Cash From Operating Activities -$1.486M
Capital Expenditures $603.9K
Free Cash Flow -$2.090M
YoY Change -74.77%

Facts In Submission

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dei Entity Registrant Name
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BIMI International Medical Inc.
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DE
dei Entity Tax Identification Number
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dei Security12b Title
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>1. ORGANIZATION AND BUSINESS BACKGROUND</b></p> <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">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 and on June 21, 2021, we changed our name to BIMI International Medical Inc. 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: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 a stock purchase agreement (the “NF SPA”) 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: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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. 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: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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., to replace Xinronxin as the holding company owning all the retail, wholesale and hospital operations in China.</p> <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">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”, and 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; background-color: white"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 11, 2020, the Company entered into a stock purchase agreement to sell Boqi Zhengji. The sale of the Boqi Zhengji 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: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 15, 2020, the Company entered into an agreement to acquire Chaohu Zhongshan Minimally Invasive Hospital (“Zhongshan”), a private hospital in the Southeast 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: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On April 9, 2021, the Company entered into an 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: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 services segment.</p> <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">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: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On September 10, 2021, the Company entered into an 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: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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. At the signing, 60,000 shares of the Company’s Common Stock (reflecting the Reverse Splits) were delivered as partial consideration for the purchase and on January 4, 2022, we paid RMB 7,227,000 to the seller as partial consideration. The transaction did not close and on December 15, 2022, we entered into a termination agreement with respect to the original purchase agreement. 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 (reflecting the Reverse Splits) previously issued to the sellers and certain third-party beneficiaries. On December 9, 2022, 52,000 shares of Common Stock were returned to the Company and on September 1, 2023, the remaining 8,000 shares of Common Stock were returned to the Company. All cash paid at the time of the acquisition is expected to be returned by December 31, 2023.<b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; background-color: white">On July 5, 2022, we entered into a stock purchase agreement (as amended on February 27, 2023) with Mr. Fnu Oudom, the Chairman of our board of directors, whereby we agreed to acquire 100% of the equity interests in Phenix Bio Inc. (“Phenix”), a developer and distributor of dietary supplements, in consideratio</span><span style="font-family: Times New Roman, Times, Serif">n of $1,800,000. The transaction closed effective March 15, 2023. The aggregate purchase price for the equity interests in Phenix was $180,000 in cash, which was paid on July 7, 2022, plus up to 5,270,000 shares of the Company’s Common Stock (reflecting the Reverse Splits), of which 270,000 shares were issued to Mr. Oudom on June 19, 2023, after shareholder approval was obtained. We agreed to issue 5,000,000 shares of Common Stock to Mr. Oudom in the event that Phenix will generate at least $2,500,000 in net profit in calendar year 2023 or in any fiscal quarter of 2023.</span> Such performance target was met in the second quarter of 2023 and the 5,000,000 shares were issued to Mr. Oudom on December 6, 2023.</p> <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">As of September 30, 2023, the Company has four operating segments: retail pharmacy, wholesale pharmaceuticals, wholesale medical devices and healthcare products.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.05pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The retail pharmacy segment engages in the retail sale of medicine and other healthcare products in the PRC. The retail pharmacy segment sells its medicine and other healthcare products to customers through its directly owned stores. The 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 0pt 9.05pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s wholesale segments are engaged in the distribution of medical devices and pharmaceuticals. The wholesale medical devices segment distributes medical devices, including medical consumables to drug stores, private clinics, pharmaceutical dealers, and hospitals. The wholesale pharmaceuticals segment supplies prescription and OTC medicines, TCM, healthcare supplies and sundry items to clinics, third party pharmacies, hospitals, and other drug vendors.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.05pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s healthcare products are <span style="background-color: white">developed</span> and distributed by Phenix. Phenix owns its formulas and uses out-sourced facilities in the U.S. and Australia to manufacture its products. To date, Phenix has sold all of its products through Meta Time, an online sales platform. Most of the customers were from Asian countries. Phenix currently offers six categories of dietary supplements, a cardiovascular product, an anti-insomnia and depression product, a male aphrodisiac product, a woman’s menopausal syndrome product, a gout product, and an immunity enhancer.</p> <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">As of September 30, 2022, the Company had four operating segments: wholesale medical devices, wholesale pharmaceuticals, medical services, and retail pharmacy.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9.05pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">As of September 30, 2023, the details of the Company’s subsidiaries are as <span style="background-color: white">follows</span></span><span style="background-color: white">:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="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; vertical-align: bottom; 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; vertical-align: bottom; font-weight: bold; text-align: center">Principal activities and<br/> Type of operation</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Effective<br/> ownership 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="vertical-align: top; width: 28%; text-align: left; text-indent: -9pt; padding-left: 9pt">Lasting Wisdom Holdings Limited (“Lasting”)</td><td style="width: 1%"> </td> <td style="vertical-align: top; width: 29%; text-align: left">British Virgin Island, a limited liability company</td><td style="width: 1%"> </td> <td style="vertical-align: top; width: 29%; text-align: left">Investment holding</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Phenix Bio Inc. (“Phenix”)</td><td> </td> <td style="vertical-align: top; text-align: left">California, a corporation</td><td> </td> <td style="vertical-align: top; text-align: left">Distribution of healthcare products</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: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Pukung Limited (“Pukung”)</td><td> </td> <td style="vertical-align: top; text-align: left">Hong Kong, a limited liability company</td><td> </td> <td style="vertical-align: top; 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: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Chongqing Guanzan Technology Co., Ltd. (“Guanzan”)</td><td> </td> <td style="vertical-align: top; text-align: left">The PRC, a limited liability company</td><td> </td> <td style="vertical-align: top; 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; background-color: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Chongqing Shude Pharmaceutical Co., Ltd.(“Shude”)</td><td> </td> <td style="vertical-align: top; text-align: left">The PRC, a limited liability company</td><td> </td> <td style="vertical-align: top; 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; background-color: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Chongqing Lijiantang Pharmaceutical Co., Ltd.(“Lijiantang”)</td><td> </td> <td style="vertical-align: top; text-align: left">The PRC, a limited liability company</td><td> </td> <td style="vertical-align: top; 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: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Bimai Pharmaceutical (Chongqing) Co., Ltd.</td><td> </td> <td style="vertical-align: top; text-align: left">The PRC, a limited liability company</td><td> </td> <td style="vertical-align: top; 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: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Chongqing Guoyitang Hospital Co., Ltd.</td><td> </td> <td style="vertical-align: top; text-align: left">The PRC, a limited liability company</td><td> </td> <td style="vertical-align: top; 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: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Chongqing Huzhongtang Healthy Technology Co., Ltd.</td><td> </td> <td style="vertical-align: top; text-align: left">The PRC, a limited liability company</td><td> </td> <td style="vertical-align: top; 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: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Chaohu Zhongshan Minimally Invasive Hospital Co.,Ltd.</td><td> </td> <td style="vertical-align: top; text-align: left">The PRC, a limited liability company</td><td> </td> <td style="vertical-align: top; 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: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Yunnan Yuxi Minkang Hospital Co., Ltd.</td><td> </td> <td style="vertical-align: top; text-align: left">The PRC, a limited liability company</td><td> </td> <td style="vertical-align: top; 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: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Wuzhou Qiangsheng Hospital Co., Ltd.</td><td> </td> <td style="vertical-align: top; text-align: left">The PRC, a limited liability company</td><td> </td> <td style="vertical-align: top; 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: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Suzhou Eurasia Hospital Co., Ltd.</td><td> </td> <td style="vertical-align: top; text-align: left">The PRC, a limited liability company</td><td> </td> <td style="vertical-align: top; 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: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Bimai Hospital Management (Chongqing) Co. Ltd</td><td> </td> <td style="vertical-align: top; text-align: left">The PRC, a limited liability company</td><td> </td> <td style="vertical-align: top; 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: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </td><td> </td> <td style="text-align: left; vertical-align: top"> </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="vertical-align: top; text-align: left; text-indent: -9pt; padding-left: 9pt">Pusheng Pharmaceutical Co., Ltd</td><td> </td> <td style="vertical-align: top; text-align: left">The PRC, a limited liability company</td><td> </td> <td style="vertical-align: top; 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 bimi Purchased Common Stock Shares
PurchasedCommonStockShares
60000 shares
CY2022Q1 us-gaap Interest And Fee Income Loans Consumer Home Equity
InterestAndFeeIncomeLoansConsumerHomeEquity
7227000 cny
CY2022Q4 bimi Common Stock Shares Not Received
CommonStockSharesNotReceived
52000 shares
CY2023Q3 bimi Cash Considerations Amount
CashConsiderationsAmount
8000 shares
CY2023Q3 bimi Consideration Amount
ConsiderationAmount
1800000 usd
CY2023Q3 us-gaap Temporary Equity Accretion Of Interest
TemporaryEquityAccretionOfInterest
180000 usd
CY2023Q3 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
5270000 shares
CY2023Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
270000 shares
CY2023Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
2500000 usd
CY2023Q4 us-gaap Shares Issued
SharesIssued
5000000 shares
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 pure
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 pure
us-gaap Other Operating Income
OtherOperatingIncome
1406401 usd
us-gaap Other Operating Income
OtherOperatingIncome
13171851 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
71400000 usd
CY2022Q2 us-gaap Subordinated Debt
SubordinatedDebt
5000000 usd
CY2022Q2 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
1250000 shares
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1 to 10 reverse split
CY2022Q3 us-gaap Deposit Assets
DepositAssets
180000 usd
CY2022Q4 us-gaap Cash
Cash
6116207 usd
CY2023Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
1000 shares
us-gaap Dividends Cash
DividendsCash
3055 usd
us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><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: justify">The preparation of these condensed consolidated financial statements in conformity with the US GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities on the date of these condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. 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, collectability of accounts receivable, advances to suppliers, allowance for doubtful accounts, reserve for inventory obsolescence, fair value of goodwill and valuation of derivative liabilities. While the Company believes that the estimates and assumptions used in the preparation of these condensed 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>
CY2022Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
5400000 usd
CY2022Q4 bimi Equity Interest Rate
EquityInterestRate
0.87 pure
CY2022Q4 us-gaap Cash
Cash
40000000 cny
CY2022Q4 bimi Return Common Shares
ReturnCommonShares
80000 shares
CY2022Q4 bimi Return Common Shares
ReturnCommonShares
43600 shares
CY2023Q3 bimi Allowance For Obsolete Inventories
AllowanceForObsoleteInventories
26775 usd
CY2022Q4 bimi Allowance For Obsolete Inventories
AllowanceForObsoleteInventories
27602 usd
CY2022 us-gaap Goodwill Impairment Loss Net Of Tax
GoodwillImpairmentLossNetOfTax
5385811 usd
us-gaap Impairment Of Tangible Assets Other Descriptors
ImpairmentOfTangibleAssetsOtherDescriptors
As a result of the impairments recognized on December 31, 2022, the remaining goodwill of the Company was related to the acquisitions of Guanzan and Zhongshan.
CY2023Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
673217 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.50 pure
CY2023Q3 bimi Percentage Of Income Tax Examination Minimum Likelihood Of Tax Benefits Being Realized Upon Settlement
PercentageOfIncomeTaxExaminationMinimumLikelihoodOfTaxBenefitsBeingRealizedUponSettlement
0.13 pure
CY2022Q4 bimi Owner Equity Percentage
OwnerEquityPercentage
0.87 pure
CY2023Q3 bimi Return Common Shares
ReturnCommonShares
36400 shares
CY2023Q3 us-gaap Foreign Currency Exchange Rate Remeasurement1
ForeignCurrencyExchangeRateRemeasurement1
7.1798 pure
CY2022Q3 us-gaap Foreign Currency Exchange Rate Remeasurement1
ForeignCurrencyExchangeRateRemeasurement1
7.0998 pure
CY2023Q3 bimi Foreign Currency Exchange Rate Translations Annual Average
ForeignCurrencyExchangeRateTranslationsAnnualAverage
7.0148 pure
CY2022Q3 bimi Foreign Currency Exchange Rate Translations Annual Average
ForeignCurrencyExchangeRateTranslationsAnnualAverage
6.6068 pure
CY2022Q3 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
383317 usd
CY2020Q1 us-gaap Share Price
SharePrice
2.86
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
3065181 usd
CY2020Q4 us-gaap Business Combination Contingent Consideration Asset
BusinessCombinationContingentConsiderationAsset
7602181 usd
CY2020Q4 us-gaap Assets Net
AssetsNet
-687949 usd
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
6914232 usd
CY2023Q3 us-gaap Other Minority Interests
OtherMinorityInterests
46295 usd
bimi Non Controlling Equity Interest Percentage
NonControllingEquityInterestPercentage
0.20 pure
CY2021Q2 us-gaap Investment Company Committed Capital
InvestmentCompanyCommittedCapital
4892293 usd
CY2020Q4 bimi Partial Consideration Paid Amount
PartialConsiderationPaidAmount
20000000 cny
CY2020Q4 bimi Partial Consideration Paid Amount
PartialConsiderationPaidAmount
3096119 usd
CY2021Q1 bimi Partial Consideration
PartialConsideration
40037 usd
CY2023Q3 us-gaap Excess Stock Shares Authorized
ExcessStockSharesAuthorized
39037 shares
CY2023Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
1000 shares
CY2021Q2 us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
80000 shares
CY2021Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
78000000 cny
CY2021Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
12000000 usd
CY2021Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
84000000 cny
CY2021Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
13008734 usd
CY2022Q4 bimi Equity Method Investments Summarized Financial Information Minority Interest
EquityMethodInvestmentsSummarizedFinancialInformationMinorityInterest
0.90 pure
CY2022Q4 us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
80000 shares
CY2022Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
20000000 cny
CY2022Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2767860 usd
CY2022Q4 bimi Common Stock Returned Shares
CommonStockReturnedShares
43600 shares
CY2023Q3 bimi Common Stock Returned Shares
CommonStockReturnedShares
36400 shares
CY2023Q3 us-gaap Business Combination Contingent Consideration Asset Current
BusinessCombinationContingentConsiderationAssetCurrent
1498200 usd
CY2023Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
573458 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
924742 usd
CY2022Q4 bimi Common Stock Shares Amount
CommonStockSharesAmount
44000 shares
CY2022Q3 bimi Equity Interests Percentage
EquityInterestsPercentage
1 pure
CY2022Q3 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
180000 usd
CY2022Q3 bimi Share Issued Payment
ShareIssuedPayment
270000 shares
CY2023Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5000000 shares
CY2023Q2 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5000000 shares
bimi Consideration Value Of Shares
ConsiderationValueOfShares
270000 shares
us-gaap Income Loss From Subsidiaries Net Of Tax
IncomeLossFromSubsidiariesNetOfTax
259636 usd
CY2023Q3 us-gaap Loss On Contract Termination
LossOnContractTermination
30131 usd
CY2023Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
827 pure
CY2023Q3 bimi Inventory Reserves
InventoryReserves
26775 usd
CY2022Q4 bimi Inventory Reserves
InventoryReserves
27602 usd
bimi Accrued Allowance Of Inventory
AccruedAllowanceOfInventory
26775 usd
bimi Accrued Allowance Of Inventory
AccruedAllowanceOfInventory
27077 usd
us-gaap Salaries And Wages
SalariesAndWages
475217 usd
us-gaap Proceeds From Issuance Of Long Term Debt And Capital Securities Net
ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
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CY2023Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
8019335 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
4813160 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3903371 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1604874 usd
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4115964 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3208286 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1604874 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
322145 usd
us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
2298497 usd
us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
1282729 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3903371 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1604874 usd
CY2022Q4 us-gaap Goodwill Gross
GoodwillGross
2065666 usd
us-gaap Payments To Suppliers
PaymentsToSuppliers
8737956 usd
CY2022 us-gaap Payments To Suppliers
PaymentsToSuppliers
6589759 usd
CY2023Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
6579144 usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
7067613 usd
CY2023Q3 bimi Healthcare Products
HealthcareProducts
319075 usd
CY2023Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
215347 usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
614231 usd
CY2023Q3 bimi Less Impairment Allowance
LessImpairmentAllowance
-26775 usd
CY2022Q4 bimi Less Impairment Allowance
LessImpairmentAllowance
-27602 usd
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
7086791 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
7654242 usd
CY2022Q4 bimi Inventory Reserves
InventoryReserves
27602 usd
CY2021Q4 bimi Inventory Reserves
InventoryReserves
103178 usd
CY2022 us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
75576 usd
CY2023Q3 bimi Rental Security Deposits
RentalSecurityDeposits
124749 usd
CY2022Q4 bimi Rental Security Deposits
RentalSecurityDeposits
132960 usd
CY2023Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
54438 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
56121 usd
CY2022 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
180000 usd
us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
147560 usd
CY2022 us-gaap Increase Decrease In Earnest Money Deposits Outstanding
IncreaseDecreaseInEarnestMoneyDepositsOutstanding
166765 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
21533 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
24337 usd
CY2023Q3 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
87048 usd
CY2022Q4 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
66986 usd
CY2023Q3 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
830193 usd
CY2022Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
881014 usd
CY2023Q3 us-gaap Other Payables To Broker Dealers And Clearing Organizations
OtherPayablesToBrokerDealersAndClearingOrganizations
29191 usd
CY2022Q4 us-gaap Other Payables To Broker Dealers And Clearing Organizations
OtherPayablesToBrokerDealersAndClearingOrganizations
42771 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
16376 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
23875 usd
CY2023Q3 us-gaap Premiums And Other Receivables Net
PremiumsAndOtherReceivablesNet
1278336 usd
CY2022Q4 us-gaap Premiums And Other Receivables Net
PremiumsAndOtherReceivablesNet
1527079 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
23875 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
26080 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-7499 usd
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
-2205 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
16376 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
23875 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
16376 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
23420 usd
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
8376217 usd
CY2022 bimi Disposal Of Zhuoda
DisposalOfZhuoda
924740 usd
CY2022 us-gaap Goodwill Impairment Loss Net Of Tax
GoodwillImpairmentLossNetOfTax
5385811 usd
CY2023Q3 us-gaap Goodwill
Goodwill
2065666 usd
CY2022Q4 us-gaap Goodwill
Goodwill
2065666 usd
CY2022 us-gaap Goodwill Transfers
GoodwillTransfers
1392449 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2581496 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2642346 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
909868 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
938926 usd
CY2023Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
1671628 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
1703420 usd
us-gaap Depreciation
Depreciation
73752 usd
us-gaap Depreciation
Depreciation
86111 usd
CY2023Q3 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
6233 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
19679 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
500000 usd
CY2023Q3 bimi H Less Accumulated Amortization
HLessAccumulatedAmortization
-38070 usd
CY2022Q4 bimi H Less Accumulated Amortization
HLessAccumulatedAmortization
-3496 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
468163 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
16183 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37500 usd
us-gaap Goodwill Transfers
GoodwillTransfers
673217 usd
CY2023Q3 bimi Operating Lease Right Of Use Asset Total
OperatingLeaseRightOfUseAssetTotal
2907606 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2574751 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
809424 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
830940 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
785644 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
757958 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingAfterYearFive
320075 usd
bimi Total Minimum Lease Payments
TotalMinimumLeasePayments
3504041 usd
bimi Less Amounts Representing Interest
LessAmountsRepresentingInterest
-330672 usd
CY2023Q3 bimi Operating Lease Total
OperatingLeaseTotal
3173369 usd
CY2022 us-gaap Salaries And Wages
SalariesAndWages
411043 usd
CY2023Q3 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
2360333 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
2135333 usd
CY2023Q3 bimi Accrued Operating Expenses
AccruedOperatingExpenses
-900 usd
CY2023Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
1136522 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
818425 usd
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
35354 usd
us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
35743 usd
CY2023Q2 us-gaap Other Borrowings
OtherBorrowings
348199 usd
bimi Interest Rate Description
InterestRateDescription
The loan is due on May 20, 2024, with an interest rate of 8.91%.
CY2023Q3 us-gaap Other Borrowings
OtherBorrowings
105853 usd
CY2023Q1 us-gaap Debt Conversion Converted Instrument Expiration Or Due Date Day Month And Year
DebtConversionConvertedInstrumentExpirationOrDueDateDayMonthAndYear
2024-03-21
CY2022Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
682470 usd
CY2023Q3 us-gaap Other Loans Payable
OtherLoansPayable
160183 usd
CY2022Q4 us-gaap Other Loans Payable
OtherLoansPayable
420751 usd
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
135809 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
105965 usd
CY2023Q3 us-gaap Long Term Loans Payable
LongTermLoansPayable
24374 usd
CY2022Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
314786 usd
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
29507 usd
us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
51682 usd
CY2022Q3 us-gaap Other Long Term Debt
OtherLongTermDebt
912500 usd
CY2022Q3 us-gaap Long Term Debt Term
LongTermDebtTerm
P2Y
CY2022Q3 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.144 pure
CY2021Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
148571 usd
CY2023Q3 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.1296 pure
CY2022Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
300000 usd
CY2021Q3 us-gaap Other Long Term Debt
OtherLongTermDebt
39839 usd
CY2021Q3 us-gaap Long Term Debt Term
LongTermDebtTerm
P2Y
CY2021Q3 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.1368 pure
CY2021Q1 us-gaap Other Long Term Debt
OtherLongTermDebt
243154 usd
CY2021Q1 us-gaap Long Term Debt Term
LongTermDebtTerm
P3Y
CY2021Q1 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
LongTermDebtPercentageBearingVariableInterestRate
0.08 pure
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3592 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
599 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
4191 usd
CY2020Q2 us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
6550000 usd
CY2020Q2 bimi Discount Rate
DiscountRate
0.1985 pure
CY2023Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
142.25
CY2021Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
129.5
us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
The Company implemented a reverse stock split on February 2, 2022, at the ratio of 5 to 1.
CY2022Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
1108785 usd
CY2022Q4 us-gaap Convertible Debt
ConvertibleDebt
1108785 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.71 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.71 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0087 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0087 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y5M1D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y5M1D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.78 pure
bimi Trading Days
TradingDays
P10D
CY2022 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
3000 usd
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
414044 shares
CY2022Q4 bimi Accrued Operating Expenses
AccruedOperatingExpenses
-900 usd
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
430806 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
630098 usd
CY2023Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
3265456 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
3175574 usd
CY2019Q4 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
500000 usd
CY2021Q4 bimi Employment Agreement Term
EmploymentAgreementTerm
P1Y
CY2021Q4 bimi Salaries And Wage
SalariesAndWage
1000000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
100000 shares
us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
300000 usd
CY2021Q3 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
250000 usd
CY2023Q3 us-gaap Accounts Payable And Accrued Liabilities Noncurrent
AccountsPayableAndAccruedLiabilitiesNoncurrent
265833 usd
bimi Unpaid Cash Of Salary
UnpaidCashOfSalary
1000000 usd
CY2023Q3 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
6964 usd
CY2023Q3 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
524195 usd
CY2022Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
2980441 usd
CY2023Q3 us-gaap Longterm Construction Loan Current And Noncurrent
LongtermConstructionLoanCurrentAndNoncurrent
27699 usd
us-gaap Professional Fees
ProfessionalFees
248690 usd
us-gaap Interest Income Interest Earning Asset
InterestIncomeInterestEarningAsset
172730 usd
CY2022Q4 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
2000000 usd
CY2022Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.06 pure
CY2022 bimi Closing Price Percentage Of Common Stock
ClosingPricePercentageOfCommonStock
0.60 pure
CY2022 us-gaap Common Stock Convertible Conversion Price Decrease
CommonStockConvertibleConversionPriceDecrease
0.25
CY2022 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
1330000 shares
CY2022Q3 us-gaap Registration Payment Arrangement Maximum Potential Consideration
RegistrationPaymentArrangementMaximumPotentialConsideration
5000000 usd
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
3000000 usd
CY2023Q1 us-gaap Investment Company Purchase Premium Per Share
InvestmentCompanyPurchasePremiumPerShare
1.5
CY2023Q3 bimi Cash Received
CashReceived
1600000 usd
CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
2500000 usd
CY2022Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
500000 usd
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6673006 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3764780 shares
CY2021Q1 bimi Aggregate Principal Amounts
AggregatePrincipalAmounts
74473 usd
CY2023Q3 bimi Shares Return
SharesReturn
39037 shares
CY2022Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
10000 shares
CY2022 bimi Aggregate Principals Amount
AggregatePrincipalsAmount
2097000 usd
CY2022 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
1138248 shares
CY2022Q4 bimi Common Stock Shares
CommonStockShares
1234715 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
44445 shares
CY2022Q4 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
2000000 usd
CY2023Q3 us-gaap Shares Issued
SharesIssued
2420 shares
CY2023Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
3000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
891762 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
414044 shares
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-1146581 usd
us-gaap Net Income Loss From Continuing Operations Available To Common Shareholders Basic
NetIncomeLossFromContinuingOperationsAvailableToCommonShareholdersBasic
-12214648 usd
us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-259820 usd
us-gaap Net Income Loss From Discontinued Operations Available To Common Shareholders Basic
NetIncomeLossFromDiscontinuedOperationsAvailableToCommonShareholdersBasic
-957203 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-1406401 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-13171851 usd
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
4967278 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
24037736 shares
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.23
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.51
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.05
us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.04
bimi Total Loss Per Share
TotalLossPerShare
-0.28
bimi Total Loss Per Share
TotalLossPerShare
-0.55
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
11278496 usd
bimi Cost Of Revenues
CostOfRevenues
6589020 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
111252 usd
bimi Profitloss
Profitloss
-1146581 usd
CY2023Q3 bimi Total Assets
TotalAssets
29517638 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
10476224 usd
bimi Cost Of Revenues
CostOfRevenues
8928138 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
86111 usd
bimi Profitloss
Profitloss
-12214648 usd
CY2022Q3 bimi Total Assets
TotalAssets
25155283 usd
us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
usd
bimi Net Proceeds From Stock Purchase
NetProceedsFromStockPurchase
usd
bimi Schedule Of Revenues From Each Types Of Products Table Txet Block
ScheduleOfRevenuesFromEachTypesOfProductsTableTxetBlock
For the nine months ended September 30, 2023 and 2022, respectively, the Company reported revenues for each segment as follows:<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the nine months ended<br/> September 30,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</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</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,399,622</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">3,404,533</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Healthcare products</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,319,657</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-124">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; text-indent: -9pt; padding-left: 9pt">Wholesale pharmaceuticals</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,091,937</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,453,109</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">Pharmacy retail</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">467,280</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">618,582</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt; text-indent: -9pt; padding-left: 9pt">Total</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">11,278,496</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">10,476,224</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table>
bimi Total Revenue
TotalRevenue
11278496 usd
bimi Total Revenue
TotalRevenue
10476224 usd
bimi Cost Of Revenues1
CostOfRevenues1
5308005 usd
bimi Percentage Of Total Revenue
PercentageOfTotalRevenue
0.4706 pure
bimi Shares Of Common Stock Were Returned
SharesOfCommonStockWereReturned
1000 shares
CY2023Q3 bimi Common Stock Returned
CommonStockReturned
36400 shares
us-gaap Dividends Sharebased Compensation Stock
DividendsSharebasedCompensationStock
3000000 usd
CY2023Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
1.5
CY2022Q3 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
5000000 shares
bimi Aggregate Amount
AggregateAmount
2500000 usd
dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
CY2022Q4 us-gaap Other Receivables
OtherReceivables
usd
CY2023Q3 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
usd
CY2023Q3 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
usd
us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
usd
CY2023Q3 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.09
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.23
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.02
CY2022Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.02
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
GainOrLossOnSaleOfStockInSubsidiary
usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
usd
bimi Issuance Of Common Stock Upon Conversion Of Convertible Notes
IssuanceOfCommonStockUponConversionOfConvertibleNotes
usd
CY2023Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
usd
CY2022Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
usd
CY2023Q3 us-gaap Convertible Long Term Notes Payable
ConvertibleLongTermNotesPayable
usd
CY2022Q4 bimi Healthcare Products
HealthcareProducts
usd
us-gaap Inventory Lifo Reserve Period Charge
InventoryLIFOReservePeriodCharge
usd
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
pure
us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
usd
bimi Disposal Of Zhuoda
DisposalOfZhuoda
usd
us-gaap Goodwill Impairment Loss Net Of Tax
GoodwillImpairmentLossNetOfTax
usd
CY2023Q3 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
usd
CY2023Q3 us-gaap Convertible Debt
ConvertibleDebt
usd
CY2023Q3 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
usd
CY2022Q4 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
usd
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
usd
CY2022 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24037736 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4967278 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001213660

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