2023 Q2 Form 10-Q Financial Statement
#000121390023037911 Filed on May 10, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
Revenue | $57.51K | $21.42K | $0.00 |
YoY Change | 21200.0% | -100.0% | |
Cost Of Revenue | $62.63K | $19.08K | $10.00 |
YoY Change | 3478.86% | 190730.0% | -100.0% |
Gross Profit | -$5.120K | $2.333K | -$10.00 |
YoY Change | 245.95% | -23430.0% | -100.0% |
Gross Profit Margin | -8.9% | 10.89% | |
Selling, General & Admin | $574.4K | $152.6K | $136.4K |
YoY Change | -38.57% | 11.9% | -17.95% |
% of Gross Profit | 6542.09% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $159.3K | $179.2K | $264.5K |
YoY Change | -22.73% | -32.26% | -21.72% |
% of Gross Profit | 7679.85% | ||
Operating Expenses | $604.5K | $331.8K | $315.9K |
YoY Change | -63.29% | 5.03% | -1.85% |
Operating Profit | -$609.6K | -$329.5K | -$315.9K |
YoY Change | -63.01% | 4.28% | -292.05% |
Interest Expense | $26.24K | ||
YoY Change | -83.38% | ||
% of Operating Profit | |||
Other Income/Expense, Net | -$8.000K | $39.18K | -$60.00 |
YoY Change | -100.7% | -65395.0% | -60.0% |
Pretax Income | -$591.3K | -$290.3K | -$278.9K |
YoY Change | 68.46% | 4.08% | -239.43% |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$591.3K | -$290.3K | -$278.9K |
YoY Change | 67.07% | 4.08% | -373.37% |
Net Earnings / Revenue | -1028.24% | -1355.47% | |
Basic Earnings Per Share | $0.00 | $0.00 | |
Diluted Earnings Per Share | -$0.01 | $0.00 | -$4.256K |
COMMON SHARES | |||
Basic Shares Outstanding | 65.54M shares | 65.54M shares | 65.54M shares |
Diluted Shares Outstanding | 65.54M shares | 65.54M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $47.25K | $43.34M | $47.41M |
YoY Change | -99.89% | -8.59% | 15.31% |
Cash & Equivalents | $47.25K | $43.34M | $47.41M |
Short-Term Investments | |||
Other Short-Term Assets | $40.88M | $225.6K | $259.4K |
YoY Change | 16591.38% | -13.0% | 12.02% |
Inventory | $40.61K | $399.2K | $861.5K |
Prepaid Expenses | $17.92K | ||
Receivables | $9.331K | $16.94K | |
Other Receivables | $1.921K | $28.93K | $33.46K |
Total Short-Term Assets | $40.97M | $44.00M | $48.58M |
YoY Change | -10.15% | -9.43% | 2.9% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $2.727M | $2.905M | $4.031M |
YoY Change | -13.64% | -27.94% | -4.31% |
Goodwill | |||
YoY Change | |||
Intangibles | $964.8K | $1.027M | |
YoY Change | -31.7% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | $2.990K | |
YoY Change | -100.0% | -52.24% | |
Total Long-Term Assets | $4.112M | $4.505M | $5.653M |
YoY Change | -20.16% | -20.32% | -9.93% |
TOTAL ASSETS | |||
Total Short-Term Assets | $40.97M | $44.00M | $48.58M |
Total Long-Term Assets | $4.112M | $4.505M | $5.653M |
Total Assets | $45.08M | $48.50M | $54.23M |
YoY Change | -11.16% | -10.56% | 1.39% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $286.9K | $305.0K | $347.0K |
YoY Change | -14.35% | -12.11% | -13.04% |
Accrued Expenses | $90.99K | $111.4K | $169.7K |
YoY Change | -43.98% | -34.36% | -35.84% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $5.154M | $5.770M | $7.457M |
YoY Change | -23.75% | -22.62% | -5.93% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $5.973M | $6.586M | $9.504M |
YoY Change | -24.82% | -30.71% | 4.57% |
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 | $5.973M | $6.586M | $9.504M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $5.973M | $6.586M | $9.504M |
YoY Change | -24.82% | -30.71% | 4.57% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $41.29M | $41.88M | |
YoY Change | -0.98% | ||
Common Stock | $528.5K | $6.554K | |
YoY Change | 7964.4% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $39.11M | $41.92M | $44.73M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $45.08M | $48.50M | $54.23M |
YoY Change | -11.16% | -10.56% | 1.39% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$591.3K | -$290.3K | -$278.9K |
YoY Change | 67.07% | 4.08% | -373.37% |
Depreciation, Depletion And Amortization | $159.3K | $179.2K | $264.5K |
YoY Change | -22.73% | -32.26% | -21.72% |
Cash From Operating Activities | -$42.76M | -$22.40K | $172.7K |
YoY Change | 4894.6% | -112.97% | -76.73% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cash From Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 0.000 | 0.000 |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -42.76M | -22.40K | 172.7K |
Cash From Investing Activities | 0.000 | 0.000 | 0.000 |
Cash From Financing Activities | 0.000 | 0.000 | 0.000 |
Net Change In Cash | -42.76M | -22.40K | 172.7K |
YoY Change | 4894.6% | -112.97% | -76.66% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$42.76M | -$22.40K | $172.7K |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | -$22.40K | $172.7K | |
YoY Change | -112.97% | -76.8% |
Facts In Submission
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2023-03-31 | ||
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CHINA HEALTH INDUSTRIES HOLDINGS, INC. | ||
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DE | ||
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86-0827216 | ||
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3199-1 Longxiang Road | ||
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Songbei District | ||
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182570 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-873833 | usd | |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-177887 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-237473 | usd |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
1066508 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-828878 | usd | |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-112401 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-41449 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-883938 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-44955 | usd | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.0044 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.0043 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.0028 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.0133 | ||
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
65539737 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
65539737 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
65539737 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
65539737 | shares | |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
44774641 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-873833 | usd | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
828878 | usd | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
44729686 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
42802719 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
182570 | usd | |
us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-1066508 | usd | |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
41918781 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
44771135 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-278922 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
237473 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
44729686 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
42031182 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-290288 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
177887 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
41918781 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
182570 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-873833 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
527413 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
624443 | usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-10659 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2282640 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-2117 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
6 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-108165 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
82142 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-13109 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
11573 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-17633 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-64442 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-242894 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
1112417 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-41682 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
54746 | usd | |
us-gaap |
Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
|
-46571 | usd | |
us-gaap |
Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
|
-50673 | usd | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
5202 | usd | |
us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
-9016 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
489796 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2971902 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-1943153 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
90374 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1453357 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
3062276 | usd | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
44789999 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
44346744 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
43336642 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
47409020 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | ||
chhe |
Loan From Related Party For The Construction Of A Facility
LoanFromRelatedPartyForTheConstructionOfAFacility
|
usd | ||
chhe |
Loan From Related Party For The Construction Of A Facility
LoanFromRelatedPartyForTheConstructionOfAFacility
|
usd | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates and Assumptions</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">The preparation of financial statements in conformity with US GAAP requires Management to make estimates and judgments that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities on the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Management 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 the Company’s operating environment changes. Significant estimates and assumptions by Management include, among others, useful life of long-lived assets and intangible assets, valuation of inventory, accounts receivable and notes receivable, impairment analysis of long-lived assets, construction in progress, intangible assets, and deferred taxes. While Management believes that the estimates and assumptions used in the preparation of the 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 financial statements in the period they are determined to be necessary.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
CY2023Q1 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
43336642 | usd |
CY2022Q2 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
44789999 | usd |
CY2023Q1 | us-gaap |
Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
|
usd | |
CY2022Q2 | us-gaap |
Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
|
usd | |
CY2023Q1 | us-gaap |
Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
|
56896 | usd |
CY2022Q2 | us-gaap |
Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
|
58336 | usd |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
47565 | usd |
CY2022Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
48769 | usd |
CY2023Q1 | chhe |
Advances To Suppliers
AdvancesToSuppliers
|
207717 | usd |
CY2022Q2 | chhe |
Advances To Suppliers
AdvancesToSuppliers
|
214915 | usd |
chhe |
Percentage Of Enterprises Tax Rate
PercentageOfEnterprisesTaxRate
|
0.25 | pure | |
CY2023Q1 | us-gaap |
Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
|
usd | |
CY2022Q2 | us-gaap |
Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
|
usd | |
chhe |
Depreciation Expense Charged To Cost Of Goods Sold
DepreciationExpenseChargedToCostOfGoodsSold
|
usd | ||
chhe |
Depreciation Expense Charged To Cost Of Goods Sold
DepreciationExpenseChargedToCostOfGoodsSold
|
usd | ||
chhe |
Income Tax Services Rate Percentage
IncomeTaxServicesRatePercentage
|
0.16 | pure | |
chhe |
Value Added Tax Payables
ValueAddedTaxPayables
|
30534 | usd | |
CY2022 | chhe |
Value Added Tax Payables
ValueAddedTaxPayables
|
29835 | usd |
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Concentrations of Business and Credit Risks</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">All of the Company’s manufacturing is located in the PRC. There can be no assurance that the Company will be able to successfully continue to manufacture its products and failure to do so would have a material adverse effect on the Company’s financial position, results of operations and cash flows. Moreover, the success of the Company’s operations is subject to numerous contingencies, some of which are beyond management’s control. These contingencies include general economic conditions, prices of raw materials, competition, governmental and political conditions, and changes in regulations. Since the Company is dependent on trade in the PRC, the Company is subject to various additional political, economic and other uncertainties. Among other risks, the Company’s operations will be subject to the risks of restrictions on transfer of funds, domestic customs, changing taxation policies, foreign exchange restrictions, and political and governmental regulations. The Company operates in China, which may give rise to significant foreign currency risks from fluctuations and the degree of volatility of foreign exchange rates between USD and the Chinese currency RMB. The results of operations denominated in foreign currency are translated at the average rate of exchange during the reporting periods.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
CY2022Q2 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
usd | |
CY2023Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
119990 | usd |
CY2022Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
213055 | usd |
CY2023Q1 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
87430 | usd |
CY2022Q2 | us-gaap |
Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
|
90303 | usd |
CY2023Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
3136 | usd |
CY2022Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
82412 | usd |
CY2023Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
188604 | usd |
CY2022Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
135459 | usd |
CY2023Q1 | us-gaap |
Inventory Net
InventoryNet
|
399160 | usd |
CY2022Q2 | us-gaap |
Inventory Net
InventoryNet
|
521229 | usd |
CY2023Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
573416 | usd |
CY2022Q2 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
579402 | usd |
CY2012Q2 | chhe |
Estimated Total Cost Of Construction
EstimatedTotalCostOfConstruction
|
1860000 | usd |
CY2012Q2 | chhe |
Estimated Total Cost Of Construction
EstimatedTotalCostOfConstruction
|
12800000 | cny |
CY2023Q1 | chhe |
Construction In Progress Percentage
ConstructionInProgressPercentage
|
0.7136 | pure |
CY2023Q1 | chhe |
Cost Of Construction In Progress
costOfConstructionInProgress
|
1329984 | usd |
CY2023Q1 | chhe |
Cost Of Construction In Progress
costOfConstructionInProgress
|
9133796 | cny |
CY2023Q1 | chhe |
Construction In Progress Amount
ConstructionInProgressAmount
|
764882 | usd |
CY2023Q1 | chhe |
Construction In Progress Amount
ConstructionInProgressAmount
|
5252904 | cny |
CY2023Q1 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
usd | |
us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
usd | ||
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3827381 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3879752 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
2904725 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
3158021 | usd |
us-gaap |
Depreciation
Depreciation
|
179555 | usd | |
us-gaap |
Depreciation
Depreciation
|
260224 | usd | |
chhe |
Depreciation Expense Charged To Operations
DepreciationExpenseChargedToOperations
|
179555 | usd | |
chhe |
Depreciation Expense Charged To Operations
DepreciationExpenseChargedToOperations
|
260224 | usd | |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-5276573 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-5050012 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1026537 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1412603 | usd |
CY2023Q1 | us-gaap |
Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
|
P10Y | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
347858 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
364219 | usd | |
us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
usd | ||
us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
usd | ||
us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
5770209 | usd | |
CY2022 | us-gaap |
Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
|
6759761 | usd |
CY2023Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
1029615 | usd |
CY2022Q2 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
1096936 | usd |
CY2023Q1 | chhe |
Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
|
-11891 | usd |
CY2022Q2 | chhe |
Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
|
-12192 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1017724 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1084744 | usd |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
usd | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | ||
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-290288 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-278922 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
182570 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-873833 | usd | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.0044 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.0043 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.0028 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.0133 | ||
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
65539737 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
65539737 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
65539737 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
65539737 | shares | |
chhe |
Number Of Suppliers
NumberOfSuppliers
|
1 | pure | |
chhe |
Number Of Customers
NumberOfCustomers
|
1 | pure | |
dei |
City Area Code
CityAreaCode
|
86-451 | ||
CY2023Q1 | us-gaap |
Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
|
usd | |
CY2023Q1 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
CY2022Q1 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | |
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | ||
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
usd | ||
CY2023Q1 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
usd | |
CY2022Q1 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
usd | |
us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
usd | ||
us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
usd | ||
CY2023Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | |
CY2022Q1 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | ||
us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
usd | ||
CY2023Q1 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
usd | |
CY2022Q1 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
usd | ||
us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
usd | ||
CY2023Q1 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
usd | |
CY2022Q1 | us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
usd | ||
us-gaap |
Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
|
usd | ||
us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
usd | ||
us-gaap |
Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
|
usd | ||
CY2023Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2022Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2023Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2022Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.0028 | ||
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.0043 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.0044 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.0133 | ||
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
65539737 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
65539737 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
65539737 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
65539737 | shares | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001309057 |