2024 Q2 Form 10-Q Financial Statement
#000121390024068952 Filed on August 14, 2024
Income Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 Q2 |
---|---|---|---|
Revenue | $2.329M | $1.789M | $7.284M |
YoY Change | -68.03% | -97.81% | -96.94% |
Cost Of Revenue | $2.543M | $2.814M | $7.394M |
YoY Change | -65.61% | -95.95% | -94.58% |
Gross Profit | -$214.0K | -$1.025M | -$110.0K |
YoY Change | 94.55% | -108.41% | -100.11% |
Gross Profit Margin | -9.19% | -57.29% | -1.51% |
Selling, General & Admin | $414.0K | $492.0K | $854.0K |
YoY Change | -51.52% | -90.1% | -99.26% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $919.0K | $1.477M | $1.674M |
YoY Change | -45.1% | -87.81% | -89.96% |
% of Gross Profit | |||
Operating Expenses | $414.0K | $492.0K | $854.0K |
YoY Change | -51.52% | -90.1% | -99.29% |
Operating Profit | -$628.0K | -$1.517M | -$964.0K |
YoY Change | -34.85% | -121.0% | -95.08% |
Interest Expense | $9.000K | $133.0K | -$183.0K |
YoY Change | -104.92% | -89.98% | -102.43% |
% of Operating Profit | |||
Other Income/Expense, Net | -$3.000K | -$325.0K | -$2.000K |
YoY Change | 50.0% | -100.01% | |
Pretax Income | -$704.0K | -$1.709M | -$1.115M |
YoY Change | -36.86% | -125.62% | -48.28% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$704.0K | -$1.709M | -$1.115M |
YoY Change | -36.86% | -103.22% | -84.63% |
Net Earnings / Revenue | -30.23% | -95.53% | -15.31% |
Basic Earnings Per Share | -$0.27 | -$0.11 | |
Diluted Earnings Per Share | -$0.27 | -$0.97 | -$0.91 |
COMMON SHARES | |||
Basic Shares Outstanding | 2.611M shares | 2.098M shares | 1.286M shares |
Diluted Shares Outstanding | 2.611M shares | 1.286M shares |
Balance Sheet
Concept | 2024 Q2 | 2023 Q4 | 2023 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $287.0K | $43.00K | $215.0K |
YoY Change | 33.49% | -87.09% | -98.39% |
Cash & Equivalents | $287.0K | $43.00K | $215.0K |
Short-Term Investments | |||
Other Short-Term Assets | $8.947M | $436.0K | $3.558M |
YoY Change | 151.46% | -94.7% | -97.52% |
Inventory | |||
Prepaid Expenses | $2.285M | ||
Receivables | $441.0K | $5.485M | $5.485M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $9.675M | $8.944M | $9.258M |
YoY Change | 4.5% | -36.37% | -95.91% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $12.06M | $12.70M | $13.56M |
YoY Change | -11.01% | -5.23% | -90.94% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $2.922M | $2.897M | $2.886M |
YoY Change | 1.25% | 0.42% | -92.71% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $14.99M | $15.60M | $16.44M |
YoY Change | -8.86% | -4.23% | -96.62% |
TOTAL ASSETS | |||
Total Short-Term Assets | $9.675M | $8.944M | $9.258M |
Total Long-Term Assets | $14.99M | $15.60M | $16.44M |
Total Assets | $24.66M | $24.54M | $25.70M |
YoY Change | -4.04% | -19.12% | -96.4% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $90.00K | $128.0K | $155.0K |
YoY Change | -41.94% | -96.3% | -98.7% |
Accrued Expenses | $50.00K | ||
YoY Change | -99.91% | ||
Deferred Revenue | $670.0K | $792.0K | |
YoY Change | |||
Short-Term Debt | $510.0K | $125.0K | $453.0K |
YoY Change | 12.58% | -97.92% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $5.069M | $5.101M | $658.0K |
YoY Change | 670.36% | -53.9% | -99.89% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $6.739M | ||
YoY Change | -92.57% | ||
Total Long-Term Liabilities | $0.00 | $0.00 | $6.739M |
YoY Change | -100.0% | -92.57% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $5.069M | $5.101M | $658.0K |
Total Long-Term Liabilities | $0.00 | $0.00 | $6.739M |
Total Liabilities | $5.069M | $5.101M | $7.397M |
YoY Change | -31.47% | -53.9% | -98.93% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$188.0M | -$186.6M | |
YoY Change | 1.54% | ||
Common Stock | $207.6M | $206.0M | |
YoY Change | 326949.21% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $19.59M | $19.44M | $18.30M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $24.66M | $24.54M | $25.70M |
YoY Change | -4.04% | -19.12% | -96.4% |
Cashflow Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$704.0K | -$1.709M | -$1.115M |
YoY Change | -36.86% | -103.22% | -84.63% |
Depreciation, Depletion And Amortization | $919.0K | $1.477M | $1.674M |
YoY Change | -45.1% | -87.81% | -89.96% |
Cash From Operating Activities | $3.497M | $1.397M | $2.411M |
YoY Change | 45.04% | -101.77% | -101.78% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $3.420M | $674.0K | $1.827M |
YoY Change | 87.19% | -129.78% | -97.12% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$24.00K | -$2.119M | $0.00 |
YoY Change | -86.12% | -100.0% | |
Cash From Investing Activities | -$3.444M | -$2.793M | -$1.827M |
YoY Change | 88.51% | -78.52% | -43.66% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 202.0K | 1.224M | -417.0K |
YoY Change | -148.44% | -98.14% | -96.62% |
NET CHANGE | |||
Cash From Operating Activities | 3.497M | 1.397M | 2.411M |
Cash From Investing Activities | -3.444M | -2.793M | -1.827M |
Cash From Financing Activities | 202.0K | 1.224M | -417.0K |
Net Change In Cash | 255.0K | -172.0K | 167.0K |
YoY Change | 52.69% | -99.34% | -100.11% |
FREE CASH FLOW | |||
Cash From Operating Activities | $3.497M | $1.397M | $2.411M |
Capital Expenditures | $3.420M | $674.0K | $1.827M |
Free Cash Flow | $77.00K | $723.0K | $584.0K |
YoY Change | -86.82% | -100.94% | -100.29% |
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us-gaap |
Net Income Loss
NetIncomeLoss
|
-1435000 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1014000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
571000 | usd | |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19592000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18300000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-135000 | usd |
CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
138000 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18303000 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
20296000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-704000 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19592000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1115000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1435000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1674000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1781000 | usd | |
us-gaap |
Crypto Asset Realized Gain Loss Nonoperating
CryptoAssetRealizedGainLossNonoperating
|
34000 | usd | |
us-gaap |
Crypto Asset Realized Gain Loss Nonoperating
CryptoAssetRealizedGainLossNonoperating
|
256000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
25000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
138000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
571000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3417000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-5044000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1531000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2270000 | usd | |
btct |
Increase Decrease In Change Of Crypto Assets
IncreaseDecreaseInChangeOfCryptoAssets
|
-51000 | usd | |
btct |
Increase Decrease In Change Of Crypto Assets
IncreaseDecreaseInChangeOfCryptoAssets
|
123000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
50000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-3300000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-38000 | usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
420000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2411000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3669000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1827000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
4025000 | usd | |
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
647000 | usd | |
us-gaap |
Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
|
390000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1827000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4282000 | usd | |
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
721000 | usd | |
us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
417000 | usd | |
us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
336000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
472000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-417000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
857000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
167000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
244000 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
48000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
43000 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
215000 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
287000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
50000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
15000 | usd | |
CY2019Q3 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
1000 | shares |
CY2020Q1 | btct |
Issued And Outstanding Percentage
IssuedAndOutstandingPercentage
|
1 | pure |
us-gaap |
Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
|
0.1519 | pure | |
us-gaap |
Stock Issued During Period Shares Stock Splits
StockIssuedDuringPeriodSharesStockSplits
|
48391607 | shares | |
CY2020Q1 | us-gaap |
Investment Company Committed Capital
InvestmentCompanyCommittedCapital
|
4000 | usd |
CY2020Q1 | us-gaap |
Investment Company Committed Capital
InvestmentCompanyCommittedCapital
|
6000 | usd |
CY2020Q1 | btct |
Investment Finance Cost
InvestmentFinanceCost
|
12000 | usd |
btct |
Investment Termination Cost
InvestmentTerminationCost
|
4000 | usd | |
CY2017Q4 | us-gaap |
Stock Or Units Available For Distributions
StockOrUnitsAvailableForDistributions
|
30000000 | shares |
CY2017Q4 | us-gaap |
Stock Issued1
StockIssued1
|
1 | cny |
us-gaap |
Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
|
148270000 | cny | |
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: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>(a)</i></b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of estimates</i></b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The preparation of the Company’s consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the balance sheet date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include, but are not limited to, estimate of standalone selling prices of each unit of accounting in multiple elements arrangements, estimate of breakage, the fair value of identifiable assets acquired, liabilities assumed and non-controlling interests in business combinations, the useful lives of long-lived assets including intangible assets, the fair value of the reporting unit for the goodwill impairment test, the allowance for doubtful accounts receivable and other receivables, the realization of deferred tax assets, the fair value of share-based compensation awards, lease liabilities, right-of-use assets and the recoverability of long-lived assets. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements.</p> | ||
CY2023Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
5485000 | usd |
CY2024Q2 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
441000 | usd |
CY2023Q4 | btct |
Prepayment For Equipment Current
PrepaymentForEquipmentCurrent
|
2285000 | usd |
CY2024Q2 | btct |
Prepayment For Equipment Current
PrepaymentForEquipmentCurrent
|
7463000 | usd |
CY2023Q4 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
328000 | usd |
CY2024Q2 | us-gaap |
Deposits Assets Current
DepositsAssetsCurrent
|
328000 | usd |
CY2023Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
367000 | usd |
CY2024Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
341000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
2980000 | usd |
CY2024Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
8132000 | usd |
CY2023Q4 | us-gaap |
Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
|
436000 | usd |
CY2024Q2 | us-gaap |
Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
|
815000 | usd |
CY2022Q4 | us-gaap |
Crypto Asset Fair Value
CryptoAssetFairValue
|
91000 | usd |
CY2023Q4 | us-gaap |
Crypto Asset Fair Value
CryptoAssetFairValue
|
436000 | usd |
CY2023 | us-gaap |
Crypto Asset Mining
CryptoAssetMining
|
2882000 | usd |
us-gaap |
Crypto Asset Mining
CryptoAssetMining
|
939000 | usd | |
CY2023 | btct |
Exchange Of Cryptocurrency
ExchangeOfCryptocurrency
|
-2537000 | usd |
btct |
Exchange Of Cryptocurrency
ExchangeOfCryptocurrency
|
-560000 | usd | |
CY2023Q4 | us-gaap |
Crypto Asset Fair Value
CryptoAssetFairValue
|
436000 | usd |
CY2024Q2 | us-gaap |
Crypto Asset Fair Value
CryptoAssetFairValue
|
815000 | usd |
CY2022Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.06 | |
CY2022Q4 | us-gaap |
Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
|
7120478000 | cny |
us-gaap |
Equity Method Investment Deferred Gain On Sale
EquityMethodInvestmentDeferredGainOnSale
|
1000000 | usd | |
us-gaap |
Equity Method Investment Deferred Gain On Sale
EquityMethodInvestmentDeferredGainOnSale
|
25000000 | usd | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
17241000 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
18384000 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
4539000 | usd |
CY2024Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6320000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
12702000 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
12064000 | usd |
us-gaap |
Depreciation
Depreciation
|
1674 | usd | |
us-gaap |
Depreciation
Depreciation
|
1781 | usd | |
us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.0825 | pure | |
CY2023Q4 | btct |
Loans Pledged As Collateral Amount
LoansPledgedAsCollateralAmount
|
4.09 | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-135000 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-704000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1115000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1435000 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1285549 | shares |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2610785 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1229652 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2577607 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1285549 | shares |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
2610785 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1229652 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
2577607 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.11 | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.27 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.91 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.56 | ||
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.11 | |
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.27 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.91 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.56 | ||
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
138000 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
571000 | usd | |
CY2018Q3 | btct |
Authorized Share Capital
AuthorizedShareCapital
|
380000 | hkd |
CY2018Q3 | us-gaap |
Common Unit Authorized
CommonUnitAuthorized
|
38000000 | shares |
CY2018Q3 | us-gaap |
Share Price
SharePrice
|
0.01 | |
CY2018Q4 | us-gaap |
Common Unit Issued
CommonUnitIssued
|
318601222 | shares |
CY2018Q4 | us-gaap |
Share Price
SharePrice
|
0.0001 | |
CY2018Q4 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
47035 | shares |
CY2018Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.01 | |
CY2020Q1 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
48391607 | shares |
CY2020Q1 | us-gaap |
Investment Company Committed Capital
InvestmentCompanyCommittedCapital
|
6000 | usd |
CY2020Q1 | us-gaap |
Investment Company Committed Capital
InvestmentCompanyCommittedCapital
|
4000 | usd |
CY2020Q1 | us-gaap |
Investment Company Committed Capital
InvestmentCompanyCommittedCapital
|
6000 | usd |
CY2020Q2 | btct |
Investment Termination Cost
InvestmentTerminationCost
|
4000 | usd |
CY2020Q1 | us-gaap |
Shares Outstanding
SharesOutstanding
|
3050701 | shares |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
|
0.01 | pure | |
CY2024Q2 | btct |
Ordinary Share Issued
OrdinaryShareIssued
|
531005 | shares |
btct |
Additional Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
AdditionalShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
|
0.01 | pure | |
CY2021Q3 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
22500000 | shares |
CY2021Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.3 | |
CY2021Q4 | us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
33333334 | shares |
CY2021Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.6 | |
CY2022Q3 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
1470475 | shares |
CY2022Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.3 | |
CY2022Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
3532841 | shares |
CY2022Q4 | us-gaap |
Common Unit Issuance Value
CommonUnitIssuanceValue
|
7120478000 | cny |
CY2023Q3 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
1000000 | usd |
CY2023Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
5 | |
CY2023Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.06 | |
CY2024Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
303497 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2097535 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
2097535 | shares |
CY2024Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2610785 | shares |
CY2024Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
2610785 | shares |
CY2020Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
12705000 | shares |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
6192286.8 | usd | |
btct |
Warrants To Purchase Ordinary Shares
WarrantsToPurchaseOrdinaryShares
|
2629812 | shares | |
us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
1.4 | ||
CY2024Q2 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
11.5 | |
btct |
Warrants Outstanding Percentage
WarrantsOutstandingPercentage
|
0.555 | pure | |
btct |
Net Proceed From Issuance Of Warrant
NetProceedFromIssuanceOfWarrant
|
5730000 | usd | |
CY2021Q1 | btct |
Warrants To Purchase Ordinary Shares
WarrantsToPurchaseOrdinaryShares
|
336001 | shares |
CY2021Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
2.5 | |
CY2021Q3 | btct |
Warrants To Purchase Ordinary Shares
WarrantsToPurchaseOrdinaryShares
|
177500000 | shares |
CY2021Q3 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.0001 | |
CY2021Q3 | btct |
Beneficially Owned Percentage
BeneficiallyOwnedPercentage
|
0.0499 | pure |
CY2021Q3 | btct |
Share Outstanding Percentage
ShareOutstandingPercentage
|
0.0999 | pure |
us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
the Company became exercisable for 1/30 ordinary share of the Company, and the exercise price of Company’s outstanding warrants was increased to US$9.00, adjusted from $0.30 prior to the Reverse Split and representing the temporarily reduced price based on the Company’s Tender Offer Statement on Schedule TO, as amended and supplemented, originally filed by the Company with the U.S. Securities and Exchange Commission on December 7, 2020 (the “Tender Offer”). Based on the terms of the Tender Offer, following the date on which the closing price of the Company’s ordinary shares has been equal to or greater than $90.00 per share for at least twenty (20) trading days during the preceding thirty (30) trading day period, the exercise price of the Company’s outstanding warrants would be increased to US$345.00. | ||
btct |
Ordinary Shares Description
OrdinarySharesDescription
|
the Company offered 22,899,047 ordinary shares, par value US$0.003 per share, consisting of (a) 1,470,475 ordinary shares issuable upon the exercise of pre-funded warrants (the “Pre-Funded Warrants”) and (b) 21,428,572 ordinary shares issuable upon the exercise of investor warrants (the “Investor Warrants”). Each Pre-Funded Warrant is exercisable for $0.001 per ordinary share and may be exercised at any time until all the Pre-Funded Warrants are exercised in full; and each Investor Warrant has an exercise price of $0.70 per share, is exercisable on or after August 8, 2022 and will expire on August 9, 2027. | ||
us-gaap |
Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
|
390000 | usd | |
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
647000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
4290000 | usd | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q2 | us-gaap |
Interest Income Other
InterestIncomeOther
|
usd | |
us-gaap |
Interest Income Other
InterestIncomeOther
|
usd | ||
CY2024Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | ||
CY2023Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | |
CY2024Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | |
CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
usd | |
us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
usd | ||
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
usd | ||
us-gaap |
Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
|
usd | ||
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
usd | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | ||
CY2020Q1 | us-gaap |
Investment Company Committed Capital
InvestmentCompanyCommittedCapital
|
6000 | usd |
CY2023Q2 | us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
usd | |
CY2024Q2 | us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
usd | |
us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
usd | ||
us-gaap |
Amount Of Dilutive Securities Stock Options And Restrictive Stock Units
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnits
|
usd | ||
us-gaap |
Proceeds From Collection Of Advance To Affiliate
ProceedsFromCollectionOfAdvanceToAffiliate
|
usd | ||
us-gaap |
Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
|
usd | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001796514 |