2022 Q4 Form 20-F Financial Statement

#000121390023034610 Filed on May 01, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $13.27M $13.27M $14.69M
YoY Change -9.65% -9.65%
Cost Of Revenue $7.169M $7.169M $7.760M
YoY Change -7.61% -7.61%
Gross Profit $6.103M $6.103M $6.930M
YoY Change -11.94% -11.94%
Gross Profit Margin 45.98% 45.98% 47.18%
Selling, General & Admin $7.541M $7.541M $7.375M
YoY Change 2.24% 2.24%
% of Gross Profit 123.56% 123.56% 106.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $350.1K $701.5K $605.3K
YoY Change -42.16% 15.9% 142.1%
% of Gross Profit 5.74% 11.49% 8.73%
Operating Expenses $7.541M $7.541M $7.375M
YoY Change 2.24% 2.24%
Operating Profit -$1.438M -$1.438M -$444.9K
YoY Change 223.24% 223.24%
Interest Expense -$35.46K $35.46K -$98.03K
YoY Change -63.83% -63.83%
% of Operating Profit
Other Income/Expense, Net $194.8K $159.4K $1.066M
YoY Change -81.72% -83.54%
Pretax Income -$1.279M -$1.279M $523.1K
YoY Change -344.46% -344.46%
Income Tax $9.550K $9.547K $16.28K
% Of Pretax Income 3.11%
Net Earnings -$1.288M -$1.288M $506.8K
YoY Change -354.2% -354.2%
Net Earnings / Revenue -9.71% -9.71% 3.45%
Basic Earnings Per Share -$0.14
Diluted Earnings Per Share -$0.14 -$0.14 $0.04
COMMON SHARES
Basic Shares Outstanding 9.000M shares
Diluted Shares Outstanding 9.000M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.915M $2.915M $3.897M
YoY Change -25.18% -25.18% -4.96%
Cash & Equivalents $2.915M $2.915M $3.897M
Short-Term Investments
Other Short-Term Assets $7.124M $1.597M $6.574M
YoY Change 8.35% 34.45% 788.43%
Inventory $693.5K $693.5K $526.9K
Prepaid Expenses $217.1K
Receivables $1.260M $1.260M $1.135M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.466M $6.466M $6.746M
YoY Change -4.14% -4.14% 12.06%
LONG-TERM ASSETS
Property, Plant & Equipment $5.872M $19.79M $5.448M
YoY Change 7.78% 15.81% -61.5%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.079M $1.069M $6.192M
YoY Change -34.12% -7.69% 538.33%
Total Long-Term Assets $20.86M $20.86M $18.25M
YoY Change 14.32% 14.32% 20.7%
TOTAL ASSETS
Total Short-Term Assets $6.466M $6.466M $6.746M
Total Long-Term Assets $20.86M $20.86M $18.25M
Total Assets $27.33M $27.33M $25.00M
YoY Change 9.33% 9.33% 18.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.425M $1.425M $1.273M
YoY Change 11.89% 11.89% 38.4%
Accrued Expenses $1.770M $1.770M $1.623M
YoY Change 9.11% 9.11% 46.18%
Deferred Revenue $6.958M
YoY Change
Short-Term Debt $435.0K $435.0K $1.559M
YoY Change -72.11% -72.11% -31.91%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.53M $13.53M $12.31M
YoY Change 9.88% 9.88% 30.45%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.449M $12.62M $2.362M
YoY Change -38.67% 28.17% -74.46%
Total Long-Term Liabilities $1.449M $12.62M $2.362M
YoY Change -38.67% 28.17% -75.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.53M $13.53M $12.31M
Total Long-Term Liabilities $1.449M $12.62M $2.362M
Total Liabilities $26.15M $26.15M $22.16M
YoY Change 18.01% 18.01% 17.25%
SHAREHOLDERS EQUITY
Retained Earnings -$183.8K $1.104M
YoY Change -116.65%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.177M $1.177M $2.835M
YoY Change
Total Liabilities & Shareholders Equity $27.33M $27.33M $25.00M
YoY Change 9.33% 9.33% 18.24%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$1.288M -$1.288M $506.8K
YoY Change -354.2% -354.2%
Depreciation, Depletion And Amortization $350.1K $701.5K $605.3K
YoY Change -42.16% 15.9% 142.1%
Cash From Operating Activities $911.3K $551.3K $1.778M
YoY Change -48.75% -68.99% 53.3%
INVESTING ACTIVITIES
Capital Expenditures $860.0K $860.0K $2.038M
YoY Change -57.8% -57.8% 291.93%
Acquisitions
YoY Change
Other Investing Activities $566.4K $0.00 $7.130K
YoY Change 7844.46% -100.0%
Cash From Investing Activities -$293.6K -$860.0K -$2.031M
YoY Change -85.54% -57.65% 290.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.207M $9.929K -178.2K
YoY Change -1338.07% -105.57% -38.54%
NET CHANGE
Cash From Operating Activities 911.3K $551.3K 1.778M
Cash From Investing Activities -293.6K -$860.0K -2.031M
Cash From Financing Activities 2.207M $9.929K -178.2K
Net Change In Cash 2.824M -$981.3K -430.9K
YoY Change -755.46% 337.6% -223.12%
FREE CASH FLOW
Cash From Operating Activities $911.3K $551.3K $1.778M
Capital Expenditures $860.0K $860.0K $2.038M
Free Cash Flow $51.27K -$308.7K -$259.8K
YoY Change -119.73% 18.81% -140.59%

Facts In Submission

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1411004 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1252776 usd
CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
964663 usd
CY2022 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-433848 usd
CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
98362 usd
CY2020 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
27689 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1927407 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1918095 usd
CY2020 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-1130991 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
551348 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1778246 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1245677 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
860034 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2038054 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
574333 usd
CY2021 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
7133 usd
CY2021 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
1550628 usd
CY2021 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
1550628 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-860034 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2030921 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-574333 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
445831 usd
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1903563 usd
CY2020 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2175000 usd
CY2022 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
1474129 usd
CY2021 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
2683814 usd
CY2020 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
2168388 usd
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
293007 usd
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
209291 usd
CY2022 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
1076717 usd
CY2021 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
572712 usd
CY2020 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-791036 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
38490 usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
263708 usd
CY2020 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
274246 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9929 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-178240 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-849379 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-682585 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
206659 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
413812 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-981342 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-224256 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
235777 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3896812 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4121068 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3885291 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2915470 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3896812 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4121068 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3896812 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4098546 usd
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3874288 usd
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
22522 usd
CY2019Q4 us-gaap Restricted Cash
RestrictedCash
11003 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3896812 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4121068 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3885291 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2915470 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3896812 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4098546 usd
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
22522 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2915470 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3896812 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4121068 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
5282 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
9981 usd
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
103160 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
37277 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
66688 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
113848 usd
CY2022 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
463556 usd
CY2021 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
682618 usd
CY2020 us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
7283 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
5160825 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2420359 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4687623 usd
CY2021 us-gaap Debt Instrument Decrease Forgiveness
DebtInstrumentDecreaseForgiveness
502298 usd
CY2009Q3 us-gaap Capital
Capital
6000000 cny
CY2009Q3 us-gaap Capital
Capital
880000 usd
CY2022 cih Revenueproducing Assets
RevenueproducingAssets
1626516 usd
CY2022Q4 us-gaap Flight Equipment Accumulated Depreciation
FlightEquipmentAccumulatedDepreciation
934222 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
692294 usd
CY2021 cih Revenueproducing Assets
RevenueproducingAssets
1692838 usd
CY2021Q4 us-gaap Flight Equipment Accumulated Depreciation
FlightEquipmentAccumulatedDepreciation
762803 usd
CY2021Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
930035 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
7123635 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
6574394 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4078979 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
6191804 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
11202614 usd
CY2021Q4 us-gaap Other Assets
OtherAssets
12766198 usd
CY2022Q4 us-gaap Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
5858647 usd
CY2021Q4 us-gaap Asset Acquisition Contingent Consideration Liability Current
AssetAcquisitionContingentConsiderationLiabilityCurrent
6619273 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1448744 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
2362218 usd
CY2022Q4 us-gaap Other Liabilities
OtherLiabilities
7307391 usd
CY2021Q4 us-gaap Other Liabilities
OtherLiabilities
8981491 usd
CY2022 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
5198990 usd
CY2021 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
8251610 usd
CY2020 us-gaap Interest Revenue Expense Net
InterestRevenueExpenseNet
7831994 usd
CY2022 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
829557 usd
CY2021 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
1875684 usd
CY2020 us-gaap Income Loss Including Portion Attributable To Noncontrolling Interest
IncomeLossIncludingPortionAttributableToNoncontrollingInterest
1288630 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Uses of estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i> </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In preparing the consolidated financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. These estimates are based on information as of the date of the consolidated financial statements. Significant estimates required to be made by management include, but are not limited to, the valuation of accounts receivable, useful lives of property and equipment, the recoverability of long-lived assets, provision necessary for contingent liabilities, and revenue recognition. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 us-gaap Proceeds From Sale Of Lease Receivables
ProceedsFromSaleOfLeaseReceivables
1081885 usd
CY2022 us-gaap Lease Income
LeaseIncome
341396 usd
CY2021 us-gaap Lease Income
LeaseIncome
141499 usd
CY2020 us-gaap Lease Income
LeaseIncome
598990 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
6958160 usd
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
6051683 usd
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
4920442 usd
CY2021 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
4823134 usd
CY2020 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
2936748 usd
CY2022 cih Aggregate Amount
AggregateAmount
6958160 usd
CY2022 cih Effective Income Tax Rate Reconciliation Tax Examination Percent
EffectiveIncomeTaxRateReconciliationTaxExaminationPercent
0.50 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.03 pure
CY2022 cih Deemed Taxables Net Income
DeemedTaxablesNetIncome
150000 cny
CY2022Q4 us-gaap Cash
Cash
2747940 usd
CY2021Q4 us-gaap Cash
Cash
3647342 usd
CY2022 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
115452 usd
CY2021 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
162018 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.10 pure
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.10 pure
CY2020Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.10 pure
CY2022 cih Total Purchases Percenatge
TotalPurchasesPercenatge
0.10 pure
CY2021 cih Total Purchases Percenatge
TotalPurchasesPercenatge
0.147 pure
CY2020 cih Total Purchases Percenatge
TotalPurchasesPercenatge
0.215 pure
CY2022 cih Operating Activities
OperatingActivities
600000 usd
CY2021 cih Operating Activities
OperatingActivities
1800000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
981342 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
201734 usd
CY2022 cih Working Capitals
WorkingCapitals
7100000 usd
CY2022 us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
7000000 usd
CY2022 cih Realizes Deferred Revenue
RealizesDeferredRevenue
2800000 usd
CY2022 us-gaap Dividends Cash
DividendsCash
2900000 usd
CY2022 cih Decreased Percentage
DecreasedPercentage
0.097 pure
CY2022 us-gaap Liability For Asbestos And Environmental Claims Net Incurred Loss1
LiabilityForAsbestosAndEnvironmentalClaimsNetIncurredLoss1
1300000 usd
CY2022 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
12000000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1260453 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1134532 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1260453 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1134532 usd
CY2022 cih Financial Statements Accounts Receivable
FinancialStatementsAccountsReceivable
0.44 pure
CY2022Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
600000 usd
CY2022Q4 us-gaap Accounts Receivable Fair Value Disclosure
AccountsReceivableFairValueDisclosure
700000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.0002 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.0005 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.0004 pure
CY2022 us-gaap Payments To Suppliers
PaymentsToSuppliers
512900 usd
CY2021 us-gaap Payments To Suppliers
PaymentsToSuppliers
70228 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
217064 usd
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
257479 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
103274 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
110338 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
833238 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
438045 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
540689 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
418247 usd
CY2022Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
60904 usd
CY2021Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
38959 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
91913 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
69656 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
693506 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
526862 usd
CY2022Q4 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P12M
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
14584 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
13921825 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11644192 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1770398 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1622642 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12620070 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
9846224 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
14390468 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11468866 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y6M10D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y2M19D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0435 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0487 pure
CY2022Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.0395 pure
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
2333412 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
2636019 usd
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
1749258 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2433761 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2151340 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1924110 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1793273 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1761804 usd
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
7478878 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
17543166 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3152698 usd
CY2022Q4 us-gaap Present Value Of Future Minimum Lease Payments Sale Leaseback Transactions
PresentValueOfFutureMinimumLeasePaymentsSaleLeasebackTransactions
14390468 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9547 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16277 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14584 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1618358 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1333182 usd
CY2022Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
85149 usd
CY2021Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
65471 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
596579 usd
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
509426 usd
CY2022Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
6289217 usd
CY2021Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
4307500 usd
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
1337565 usd
CY2022Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
8589303 usd
CY2021Q4 us-gaap Lines Of Credit Current
LinesOfCreditCurrent
7553144 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2717528 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2105426 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5871775 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5447718 usd
CY2022Q4 us-gaap Investments
Investments
18100000 cny
CY2022Q4 us-gaap Investments
Investments
2600000 usd
CY2022 cih Construction And Renovation
ConstructionAndRenovation
13100000 cny
CY2022 cih Construction And Renovation
ConstructionAndRenovation
1900000 usd
CY2022Q4 us-gaap Property Plant And Equipment Collections Not Capitalized
PropertyPlantAndEquipmentCollectionsNotCapitalized
1400000 cny
CY2022Q4 us-gaap Property Plant And Equipment Collections Not Capitalized
PropertyPlantAndEquipmentCollectionsNotCapitalized
200000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous
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During the years ended December 31, 2022, 2021, and 2020, Xinjiang United Family and all its three branch offices qualified as small-scaled minimal profit enterprises. Based on the EIT Law of PRC, and according to the Announcement on Issues Related to the Implementation of Inclusive Income Tax Reduction and Exemption Policy for Small and Low Profit Enterprises issued by the State Administration of Taxation on January 18, 2019, from January 1, 2019 to December 31, 2021, once an enterprise meets certain requirements and is identified as a small-scale minimal profit enterprise, the portion of its taxable income not more than RMB1 million is subject to a reduced rate of 5% and the portion between RMB1 million and RMB3 million is subject to a reduced rate of 10%. Furthermore, according to the Announcement on Implementing the Preferential Income Tax Policies for Small-Scale Minimal Profit Enterprise and Individually-Owned Businesses on April 2, 2021, the portion of its taxable income not more than RMB1 million is further reduced to 2.5% during the period from January 1, 2021 to December 31, 2022 and the portion between RMB1 million and RMB3 million remained at a reduced rate of 10%.
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The authorized number of ordinary shares was 50,000 shares with par value of $1 per share and 100 ordinary shares were issued, prior to the 1,000-for-1 forward split and the share issuances described below. The issuance of these 100 ordinary shares, and the 1,000-for-1 forward split and the share issuances are considered as a part of the Reorganization of the Company
CY2021Q1 cih Shareholders And Board Of Directors Description
ShareholdersAndBoardOfDirectorsDescription
(i) a forward split of the Company’s ordinary shares at a ratio of 1,000-for-1 share to increase the authorized ordinary shares from 50,000 shares to 50,000,000 shares and subdivide the 100 ordinary shares of a par value of $1 then outstanding into 100,000 ordinary shares of a par value of $0.001 (the “1,000-for-1 forward split”); (ii) the creation of Class A Ordinary Shares and Class B Ordinary Shares. Holders of Class A Ordinary Shares and Class B Ordinary Shares have the same rights except for voting and conversion rights. In respect of matters requiring a vote of all shareholders, each holder of Class A Ordinary Shares will be entitled to one vote per one Class A Ordinary Share and each holder of Class B Ordinary Shares will be entitled to 10 votes per one Class B Ordinary Share. The Class A Ordinary Shares are not convertible into shares of any other class. The Class B Ordinary Shares are convertible into Class A Ordinary Shares at any time after issuance at the option of the holder on a one-to-one basis; and (iii) issuances of Class A Ordinary Shares and Class B Ordinary Shares to the existing shareholders, to increase the number of total ordinary shares issued and outstanding prior to the completion of this offering from 100,000 to 9,000,000 (the “share issuances”). The Company believes the 1,000-for-1 forward split and the share issuances should be considered as a part of the Reorganization of the Company and accounted for on a retroactive basis pursuant to ASC 260.
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Files In Submission

Name View Source Status
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