2024 Q2 Form 10-K Financial Statement
#000149315224014708 Filed on April 16, 2024
Income Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $3.751K | $134.1K | $158.5K |
YoY Change | -45.16% | -27.52% | -55.25% |
Cost Of Revenue | $1.466K | $81.68K | $94.33K |
YoY Change | -4.68% | -52.85% | -61.19% |
Gross Profit | $2.285K | $52.46K | $64.14K |
YoY Change | -56.9% | 343.07% | -42.24% |
Gross Profit Margin | 60.92% | 39.11% | 40.48% |
Selling, General & Admin | $111.1K | $101.4K | $468.8K |
YoY Change | -20.23% | -40.07% | -6.95% |
% of Gross Profit | 4861.18% | 193.23% | 730.83% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $138.00 | $2.820K | $42.39K |
YoY Change | -99.03% | -80.07% | -34.95% |
% of Gross Profit | 6.04% | 5.38% | 66.09% |
Operating Expenses | $111.1K | $101.4K | $468.8K |
YoY Change | -20.23% | -40.07% | -6.95% |
Operating Profit | -$108.8K | -$48.91K | -$404.6K |
YoY Change | -18.78% | -68.91% | 3.03% |
Interest Expense | $260.00 | $340.00 | $590.00 |
YoY Change | 385.71% | 210.53% | |
% of Operating Profit | |||
Other Income/Expense, Net | $395.00 | $0.00 | $937.00 |
YoY Change | 63.9% | -100.0% | -97.63% |
Pretax Income | -$108.4K | -$48.57K | -$403.7K |
YoY Change | -18.93% | -67.29% | 14.28% |
Income Tax | -$100.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$108.3K | -$48.57K | -$403.7K |
YoY Change | -19.01% | -66.58% | 14.01% |
Net Earnings / Revenue | -2887.18% | -36.21% | -254.74% |
Basic Earnings Per Share | -$0.01 | -$0.02 | |
Diluted Earnings Per Share | -$0.01 | $0.00 | -$0.02 |
COMMON SHARES | |||
Basic Shares Outstanding | 20.25M shares | 20.25M shares | 20.25M shares |
Diluted Shares Outstanding | 20.25M shares | 20.25M shares |
Balance Sheet
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $75.49K | $174.9K | $174.9K |
YoY Change | -68.55% | -54.19% | -53.98% |
Cash & Equivalents | $75.49K | $174.9K | $174.9K |
Short-Term Investments | |||
Other Short-Term Assets | $110.7K | $84.61K | $84.61K |
YoY Change | 84.42% | 32.29% | 41.02% |
Inventory | $59.44K | $48.28K | $48.28K |
Prepaid Expenses | |||
Receivables | $38.83K | $38.83K | |
Other Receivables | $0.00 | $3.005K | $3.010K |
Total Short-Term Assets | $245.6K | $349.6K | $349.6K |
YoY Change | -43.06% | -41.75% | -41.73% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $16.58K | $12.98K | $12.98K |
YoY Change | -35.84% | -76.61% | -83.78% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $18.88K | $15.58K | $15.58K |
YoY Change | -34.01% | -80.28% | -80.53% |
TOTAL ASSETS | |||
Total Short-Term Assets | $245.6K | $349.6K | $349.6K |
Total Long-Term Assets | $18.88K | $15.58K | $15.58K |
Total Assets | $264.5K | $365.2K | $365.2K |
YoY Change | -42.5% | -46.23% | -46.3% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $0.00 | ||
YoY Change | -100.0% | ||
Accrued Expenses | $147.4K | $114.4K | $114.4K |
YoY Change | -7.9% | -20.36% | -18.26% |
Deferred Revenue | $104.1K | $68.89K | |
YoY Change | 48.77% | -6.41% | |
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $828.1K | $756.0K | $756.0K |
YoY Change | 20.34% | 14.24% | 14.55% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $828.1K | $756.0K | $756.0K |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $828.1K | $756.0K | $756.0K |
YoY Change | 20.02% | 14.24% | 14.55% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$1.846M | -$1.676M | |
YoY Change | 21.94% | 31.73% | |
Common Stock | $1.292M | $1.292M | |
YoY Change | 0.0% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$563.7K | -$390.8K | -$390.8K |
YoY Change | |||
Total Liabilities & Shareholders Equity | $264.5K | $365.2K | $365.2K |
YoY Change | -42.5% | -46.23% | -46.3% |
Cashflow Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$108.3K | -$48.57K | -$403.7K |
YoY Change | -19.01% | -66.58% | 14.01% |
Depreciation, Depletion And Amortization | $138.00 | $2.820K | $42.39K |
YoY Change | -99.03% | -80.07% | -34.95% |
Cash From Operating Activities | -$66.56K | -$57.17K | -$297.2K |
YoY Change | -4.91% | -1.35% | 73.18% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $4.170K | $750.00 | $746.00 |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$4.170K | -$750.00 | -$746.00 |
YoY Change | -103.25% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 23.50K | 84.52K | $94.52K |
YoY Change | 17.5% | 234.07% | -279.4% |
NET CHANGE | |||
Cash From Operating Activities | -66.56K | -57.17K | -$297.2K |
Cash From Investing Activities | -4.170K | -750.0 | -$746.00 |
Cash From Financing Activities | 23.50K | 84.52K | $94.52K |
Net Change In Cash | -47.23K | 26.60K | -$206.8K |
YoY Change | -5.54% | -181.47% | -9.17% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$66.56K | -$57.17K | -$297.2K |
Capital Expenditures | $4.170K | $750.00 | $746.00 |
Free Cash Flow | -$70.73K | -$57.92K | -$297.9K |
YoY Change | -0.05% | 73.61% |
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|
500 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
16277 | usd |
CY2022 | CFOO |
Gain From Termination Of Lease
GainFromTerminationOfLease
|
8038 | usd |
CY2023 | CFOO |
Non Cash Lease Expenses
NonCashLeaseExpenses
|
50991 | usd |
CY2022 | CFOO |
Non Cash Lease Expenses
NonCashLeaseExpenses
|
55916 | usd |
CY2023 | CFOO |
Adjustment Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-309886 | usd |
CY2022 | CFOO |
Adjustment Noncash Items To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-256812 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
33711 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
5120 | usd |
CY2023 | CFOO |
Increase Decrease In Prepayments And Other Receivables
IncreaseDecreaseInPrepaymentsAndOtherReceivables
|
-7996 | usd |
CY2022 | CFOO |
Increase Decrease In Prepayments And Other Receivables
IncreaseDecreaseInPrepaymentsAndOtherReceivables
|
-64441 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-90300 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-188969 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-14170 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-8013 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
8013 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-29265 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
71460 | usd |
CY2023 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-4717 | usd |
CY2022 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-267181 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
4297 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
24632 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-297169 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-171598 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
746 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
22930 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-746 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
22930 | usd |
CY2023 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
37378 | usd |
CY2022 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
54021 | usd |
CY2023 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
131901 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
1333 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
94523 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-52688 | usd |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-3440 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-26369 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-206832 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-227725 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
381709 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
609434 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
174877 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
381709 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84B_eus-gaap--UseOfEstimates_znmkhGxPQ854" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86B_zrLd5iWJ2uY3">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant areas for which management uses estimates include:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">revenue recognition at point in time and over time;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">sales returns at point in time and allowances;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">inventory;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">estimated lives for tangible and intangible assets; and</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">income tax valuation allowances</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These estimates require the use of judgment as future events and the effect of these events cannot be predicted with certainty. The estimates will change as new events occur, as more experience is acquired and as more information is obtained. We evaluate and update our assumptions and estimates on an ongoing basis and we may consult outside experts to assist as considered necessary.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2023Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
0 | usd |
CY2022Q4 | us-gaap |
Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
|
0 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
|
P10Y | |
CY2023 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
433 | usd |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
500 | usd |
CY2023 | CFOO |
Sales Tax Percentage
SalesTaxPercentage
|
0.17 | pure |
CY2023 | CFOO |
Sales Tax Percentage
SalesTaxPercentage
|
0.17 | pure |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
158475 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
354096 | usd |
CY2023 | us-gaap |
Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
|
greater than fifty percent (50%) likelihood of being realized upon ultimate settlement | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
174877 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
381709 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-206832 | usd |
CY2023Q4 | CFOO |
Working Capital
WorkingCapital
|
-406393 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-1675973 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
158475 | usd |
CY2023 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
94331 | usd |
CY2023 | us-gaap |
Gross Profit
GrossProfit
|
64144 | usd |
CY2023 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
3547 | usd |
CY2023 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
465234 | usd |
CY2023 | us-gaap |
Operating Expenses
OperatingExpenses
|
468781 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-404637 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
354096 | usd |
CY2022 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
243034 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
111062 | usd |
CY2022 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
2988 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
500807 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
503795 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-392733 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
158475 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
354096 | usd |
CY2023Q4 | CFOO |
Purchase Deposits
PurchaseDeposits
|
22631 | usd |
CY2022Q4 | CFOO |
Purchase Deposits
PurchaseDeposits
|
23835 | usd |
CY2023Q4 | CFOO |
Rental And Utility Deposits
RentalAndUtilityDeposits
|
41181 | usd |
CY2022Q4 | CFOO |
Rental And Utility Deposits
RentalAndUtilityDeposits
|
40115 | usd |
CY2023Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
3005 | usd |
CY2022Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
10863 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
66817 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
74813 | usd |
CY2023 | CFOO |
Allowance For Obsolete Inventories
AllowanceForObsoleteInventories
|
0 | usd |
CY2022 | CFOO |
Allowance For Obsolete Inventories
AllowanceForObsoleteInventories
|
0 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
317620 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
322983 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
309878 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
258665 | usd |
CY2023Q4 | CFOO |
Foreign Translation Difference Net
ForeignTranslationDifferenceNet
|
-5239 | usd |
CY2022Q4 | CFOO |
Foreign Translation Difference Net
ForeignTranslationDifferenceNet
|
8823 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
12981 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
55495 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
42390 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
65165 | usd |
CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
68885 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
73602 | usd |
CY2023 | us-gaap |
Lessee Operating Lease Description
LesseeOperatingLeaseDescription
|
The Company leased office and warehouse facilities under various non-cancelable operating leases expiring at the term of 1 to 2 years, through May 16, 2024. | |
CY2023Q4 | CFOO |
Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
|
20796 | usd |
CY2022Q4 | CFOO |
Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
|
20341 | usd |
CY2023Q4 | CFOO |
Operating Lease Liability Current Portion
OperatingLeaseLiabilityCurrentPortion
|
20796 | usd |
CY2022Q4 | CFOO |
Operating Lease Liability Current Portion
OperatingLeaseLiabilityCurrentPortion
|
20341 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
20796 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
20341 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
20252309 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
20252309 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
20252309 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
20252309 | shares |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-403700 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-354078 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20252309 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20252309 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20252309 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20252309 | shares |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
828 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
828 | usd |
CY2023 | us-gaap |
Income Tax Examination Description
IncomeTaxExaminationDescription
|
The Tax Reform Act significantly revised the U.S. corporate income tax regime by, among other things, lowering the U.S. corporate tax rate from 35% to 21% effective January 1, 2018. The Company’s policy is to recognize accrued interest and penalties related to unrecognized tax benefits in its income tax provision. The Company has not accrued or paid interest or penalties which were not material to its results of operations for the years presented | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
154361 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
524244 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
459505 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
524244 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
459505 | usd |
CY2023Q4 | CFOO |
Due To Director Current
DueToDirectorCurrent
|
232344 | usd |
CY2022Q4 | CFOO |
Due To Director Current
DueToDirectorCurrent
|
220794 | usd |