2023 Q1 Form 10-K Financial Statement

#000121390023024710 Filed on March 30, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $1.960M $2.921M $8.104M
YoY Change 22.21% 1.09% -15.95%
Cost Of Revenue $1.782M $2.878M $8.598M
YoY Change 0.5% 11.24% -7.48%
Gross Profit $177.9K $42.68K -$493.9K
YoY Change -204.99% -85.86% -241.41%
Gross Profit Margin 9.08% 1.46% -6.09%
Selling, General & Admin $562.4K $1.175M $2.963M
YoY Change -17.11% 32.48% 3.87%
% of Gross Profit 316.11% 2753.16%
Research & Development $23.01K $28.00K $185.9K
YoY Change -57.43% -48.2% -41.73%
% of Gross Profit 12.93% 65.6%
Depreciation & Amortization $679.9K $639.4K $2.701M
YoY Change -4.72% -10.03% -12.54%
% of Gross Profit 382.12% 1498.17%
Operating Expenses $575.4K $1.212M $3.055M
YoY Change -22.48% 27.46% -4.82%
Operating Profit -$397.5K -$1.169M -$3.549M
YoY Change -56.4% 80.21% 24.07%
Interest Expense $79.45K -$95.18K $434.6K
YoY Change -167.46% -71.33% -180.64%
% of Operating Profit
Other Income/Expense, Net -$78.50K -$423.9K
YoY Change -33.35% -21.36%
Pretax Income -$476.0K -$1.264M -$3.973M
YoY Change -53.77% 28.9% 16.87%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$476.0K -$1.264M -$3.973M
YoY Change -53.77% 28.9% 16.87%
Net Earnings / Revenue -24.28% -43.28% -49.02%
Basic Earnings Per Share -$0.06 -$0.76
Diluted Earnings Per Share -$0.06 -$0.20 -$0.76
COMMON SHARES
Basic Shares Outstanding 8.458M shares 51.64M shares 5.257M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.167M $2.030M $2.030M
YoY Change -68.59% -58.22% -58.22%
Cash & Equivalents $1.167M $2.030M $2.030M
Short-Term Investments
Other Short-Term Assets $102.8K $77.70K $77.70K
YoY Change 43.15% 32.17% 32.17%
Inventory $3.760M $2.948M $2.948M
Prepaid Expenses $102.8K $77.70K
Receivables $549.1K $421.5K $421.5K
Other Receivables $501.6K $487.6K $487.6K
Total Short-Term Assets $6.081M $5.965M $5.965M
YoY Change -25.53% -34.41% -34.41%
LONG-TERM ASSETS
Property, Plant & Equipment $9.430M $9.973M $10.01M
YoY Change -25.98% -24.9% -25.33%
Goodwill
YoY Change
Intangibles $1.826M $1.807M
YoY Change 1122.59%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $11.28M $11.82M $11.82M
YoY Change -12.44% -12.81% -12.81%
TOTAL ASSETS
Total Short-Term Assets $6.081M $5.965M $5.965M
Total Long-Term Assets $11.28M $11.82M $11.82M
Total Assets $17.36M $17.78M $17.78M
YoY Change -17.52% -21.48% -21.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $848.9K $667.1K $667.1K
YoY Change -8.46% -28.02% -28.02%
Accrued Expenses $113.8K $404.8K $445.3K
YoY Change -49.42% 35.64% 16.03%
Deferred Revenue $136.7K $520.3K
YoY Change 147.73%
Short-Term Debt $6.133M $6.241M $6.241M
YoY Change 42.62% 44.17% 44.17%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.92M $12.74M $12.74M
YoY Change 20.39% 21.17% 21.17%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.92M $12.74M $12.74M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $12.69M $13.49M $13.49M
YoY Change -19.21% -18.87% -18.87%
SHAREHOLDERS EQUITY
Retained Earnings -$36.69M -$36.21M
YoY Change 12.32%
Common Stock $84.50K $74.91K
YoY Change 58.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.669M $4.290M $4.290M
YoY Change
Total Liabilities & Shareholders Equity $17.36M $17.78M $17.78M
YoY Change -17.52% -21.48% -21.48%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$476.0K -$1.264M -$3.973M
YoY Change -53.77% 28.9% 16.87%
Depreciation, Depletion And Amortization $679.9K $639.4K $2.701M
YoY Change -4.72% -10.03% -12.54%
Cash From Operating Activities -$1.468M $584.6K -$409.5K
YoY Change 66.95% -395.08% 63.92%
INVESTING ACTIVITIES
Capital Expenditures -$27.27K $402.0K
YoY Change 286.26% -191.76%
Acquisitions
YoY Change
Other Investing Activities $55.96K
YoY Change
Cash From Investing Activities $55.96K $27.27K -$402.0K
YoY Change -4126.19% -486.26% -8.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $518.2K -672.1K -$1.770M
YoY Change -287.92% -114.55% -138.5%
NET CHANGE
Cash From Operating Activities -$1.468M 584.6K -$409.5K
Cash From Investing Activities $55.96K 27.27K -$402.0K
Cash From Financing Activities $518.2K -672.1K -$1.770M
Net Change In Cash -$863.0K -60.21K -$2.829M
YoY Change -25.38% -101.36% -172.36%
FREE CASH FLOW
Cash From Operating Activities -$1.468M $584.6K -$409.5K
Capital Expenditures -$27.27K $402.0K
Free Cash Flow $611.9K -$811.5K
YoY Change -420.26% -531.15%

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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Repayments Of Construction Loans Payable
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CY2022 us-gaap Proceeds From Long Term Lines Of Credit
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CY2021 us-gaap Proceeds From Long Term Lines Of Credit
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CY2022 us-gaap Proceeds From Lines Of Credit
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CY2022 us-gaap Proceeds From Related Party Debt
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CY2021 us-gaap Proceeds From Related Party Debt
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CY2022 us-gaap Repayments Of Related Party Debt
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CY2021 us-gaap Repayments Of Related Party Debt
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CY2021 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
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CY2021 us-gaap Proceeds From Repayments Of Lines Of Credit
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Interest Paid Net
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AccountsReceivableCollectedWithBankersAcceptances
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CY2021 cphi Accounts Receivable Collected With Bankers Acceptances
AccountsReceivableCollectedWithBankersAcceptances
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CY2022 cphi Inventory Purchased With Bankers Acceptance Note
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CY2021 cphi Inventory Purchased With Bankers Acceptance Note
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022 cphi Conversion Of Officer Wages To Common Stock
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CY2021 us-gaap Stock Issued1
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CY2022Q4 cphi Accumulated Deficit
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CY2022 us-gaap Prior Period Reclassification Adjustment Description
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Reverse Stock Split </i></b>– Effective March 6, 2023, the Company implemented a 1-for -10 reverse stock split as more fully discussed in Note 14. All share and per share disclosures have been retroactively restated to reflect the impact of the reverse stock split.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Conversion Of Stock Shares Issued1
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CY2022Q4 us-gaap Dividends Stock
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CY2022Q4 us-gaap Sale Of Stock Price Per Share
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CY2022 us-gaap Finite Lived Intangible Asset Useful Life
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CY2022 us-gaap-sup Management And Service Fees Rate
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CY2022 us-gaap Use Of Estimates
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<p style="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Accounting Estimates </i>- </b>The methodology used to prepare the Company’s financial statements is in conformity with U.S. GAAP, which requires the management of the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods.  Significant estimates made by management include, but are not limited to, the allowance for doubtful accounts, deferred tax asset valuation allowance, valuation of stock-based compensation, the useful life of property and equipment, valuation of intangible assets and the assumptions used to calculate derivative liabilities. Therefore, actual results could differ from those estimates.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Interest Expense Debt
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CY2021 us-gaap Interest Expense Debt
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2021Q4 us-gaap Contract With Customer Liability Current
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CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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CY2022 us-gaap Concentration Risk Credit Risk
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Credit Risk</i></b> – The carrying amount of accounts receivable included in the balance sheet represents the Company’s exposure to credit risk in relation to its financial assets. No other financial asset carries a significant exposure to credit risk. The Company performs ongoing credit evaluations of each customer’s financial condition. The Company maintains allowances for doubtful accounts and such allowances in aggregate have not exceeded management’s estimates.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has its cash in bank deposits primarily at state owned banks located in the PRC. Historically, deposits in PRC banks have been secured due to the state policy of protecting depositors’ interests. The PRC promulgated a Bankruptcy Law in August 2006, effective June 1, 2007, which contains provisions for the implementation of measures for the bankruptcy of PRC banks. Company bank accounts in China are not subject to a certain insurance coverage and will follow the provisions set forth in the PRC Bankruptcy Law should any bank where the Company has accounts declare bankruptcy.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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CY2022 us-gaap Stock Issued During Period Shares Conversion Of Units
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CY2021Q4 us-gaap Inventory Raw Materials
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CY2022Q4 us-gaap Inventory Work In Process
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CY2021Q4 us-gaap Inventory Work In Process
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CY2021Q4 us-gaap Inventory Net
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CY2021Q4 us-gaap Land And Land Improvements
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CY2021Q4 us-gaap Buildings And Improvements Gross
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CY2021Q4 us-gaap Machinery And Equipment Gross
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CY2022Q4 cphi Motor Vehicle Gross
MotorVehicleGross
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CY2021Q4 cphi Motor Vehicle Gross
MotorVehicleGross
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OfficeEquipmentGross
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CY2021Q4 cphi Office Equipment Gross
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
Depreciation
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CY2022 cphi Intangible Assets Useful Life Description
IntangibleAssetsUsefulLifeDescription
Approved medical formulas are amortized from the date NMPA approval is obtained over their individually identifiable estimated useful life, which range from ten to thirteen years.
CY2022 us-gaap Amortization Of Intangible Assets
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CY2021 us-gaap Amortization Of Intangible Assets
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CY2021Q4 us-gaap Due From Related Parties
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
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CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2021Q4 us-gaap Notes Payable Related Parties Classified Current
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CY2021Q4 us-gaap Notes Payable Related Parties Noncurrent
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CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2022Q4 us-gaap Other Liabilities
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CY2021Q4 us-gaap Other Liabilities
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CY2022 us-gaap Interest Expense Related Party
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CY2021 us-gaap Interest Expense Related Party
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CY2021Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
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CY2022Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
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CY2022Q4 us-gaap Construction Loan
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CY2022Q4 us-gaap Construction Loan
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CY2022Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
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CY2022Q4 us-gaap Construction Loan
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CY2022Q4 us-gaap Construction Loan
ConstructionLoan
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CY2022Q4 us-gaap Construction Loan
ConstructionLoan
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CY2020Q3 us-gaap Construction Loan
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CY2020Q4 us-gaap Payments For Mortgage Deposits
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CY2022Q4 cphi Interest Rate
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CY2021Q3 us-gaap Construction Loan
ConstructionLoan
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CY2021Q3 us-gaap Construction Loan
ConstructionLoan
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CY2022Q4 cphi Interest Amount
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CY2021Q4 cphi Interest Amount
InterestAmount
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CY2021Q3 us-gaap Construction Loan
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CY2021Q3 us-gaap Construction Loan
ConstructionLoan
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DebtInstrumentInterestRateEffectivePercentage
0.0385 pure
CY2013Q2 us-gaap Construction Loan
ConstructionLoan
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CY2013Q2 us-gaap Construction Loan
ConstructionLoan
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CY2021Q4 cphi Interest Rate
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CY2021Q4 us-gaap Debt Instrument Face Amount
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CY2021Q4 us-gaap Debt Instrument Face Amount
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CY2021Q4 us-gaap Debt Instrument Term
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CY2021Q4 cphi Original Issue Discount
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CY2022Q2 us-gaap Debt Instrument Convertible Number Of Equity Instruments
DebtInstrumentConvertibleNumberOfEquityInstruments
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CY2022Q2 us-gaap Debt Instrument Convertible Conversion Price1
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15
CY2022 cphi Convertible Note
ConvertibleNote
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CY2022 cphi Convertible Note Conversion Price
ConvertibleNoteConversionPrice
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CY2022 cphi Interest Accrues On Note Description
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Interest accrues on the outstanding balance of the Note at 5% per annum compounded daily. Upon the occurrence of an Event of Default as defined in the Note, interest accrues at the lesser of 22% per annum or the maximum rate permitted by applicable law. In addition, upon any Event of Default, the Investor may accelerate the outstanding balance payable under the Note, which will increase automatically upon such acceleration by 15% or 5%, depending on the nature of the Event of Default. 
CY2022 cphi Redeem Of Outstanding Note
RedeemOfOutstandingNote
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CY2022 cphi Percentage Of Common Stock Price On Weighted Average Price
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CY2021Q4 cphi Note Redeemable Into Shares
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CY2021Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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CY2022 cphi Note Redeemable Into Shares
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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CY2022 cphi Weighted Average Price
WeightedAveragePrice
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CY2021 cphi Original Issue Discount
OriginalIssueDiscount
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CY2022 us-gaap Interest And Debt Expense
InterestAndDebtExpense
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CY2021 us-gaap Interest And Debt Expense
InterestAndDebtExpense
279979 usd
CY2022Q1 cphi Redeem Of Outstanding Note
RedeemOfOutstandingNote
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CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
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CY2022Q1 us-gaap Shares Issued
SharesIssued
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CY2022Q1 cphi Redeem Of Outstanding Note
RedeemOfOutstandingNote
200000 usd
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
3.129
CY2022Q1 us-gaap Debt Weighted Average Interest Rate
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CY2022Q1 cphi Common Stock Issued To Investor
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CY2022Q2 cphi Redeem Of Outstanding Note
RedeemOfOutstandingNote
200000 usd
CY2022Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.98
CY2022Q2 us-gaap Debt Weighted Average Interest Rate
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CY2022Q2 us-gaap Shares Issued
SharesIssued
101010 shares
CY2022Q3 cphi Redeem Of Outstanding Note
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200000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.755
CY2022Q3 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
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CY2022Q3 us-gaap Shares Issued
SharesIssued
113960 shares
CY2022Q4 cphi Redeem Of Outstanding Note
RedeemOfOutstandingNote
100000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.12
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
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CY2022Q4 cphi Common Stock Issued To Investor1
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CY2022Q4 cphi Redeem Of Outstanding Note
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100000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.829
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
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0.85 pure
CY2022Q4 us-gaap Shares Issued
SharesIssued
120627 shares
CY2022Q4 cphi Redeem Of Outstanding Note
RedeemOfOutstandingNote
310000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.829
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.85 pure
CY2022Q4 us-gaap Shares Issued
SharesIssued
373945 shares
CY2022Q4 cphi Redeem Of Outstanding Note
RedeemOfOutstandingNote
90000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.91
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
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CY2022Q4 us-gaap Shares Issued
SharesIssued
98901 shares
CY2022Q4 cphi Redeem Of Outstanding Note
RedeemOfOutstandingNote
150000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.829
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
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0.85 pure
CY2022Q4 us-gaap Shares Issued
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180905 shares
CY2022 us-gaap Operating Lease Cost
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78092 usd
CY2021 us-gaap Operating Lease Cost
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92085 usd
CY2022 cphi Cash Flow For Operating Lease
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82015 usd
CY2021 cphi Cash Flow For Operating Lease
CashFlowForOperatingLease
98845 usd
CY2022Q4 cphi Operating Lease Rights Of Use Assets
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39046 usd
CY2021Q4 cphi Operating Lease Rights Of Use Assets
OperatingLeaseRightsOfUseAssets
127958 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
40445 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
85282 usd
CY2022 cphi Weighted Averages Remaining Lease Term
WeightedAveragesRemainingLeaseTerm
P0Y6M
CY2022 cphi Weighted Average Discount Rate
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2022 cphi Less Operating Lease Liabilities Current Portion
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0.25 pure
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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4578177 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
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6787 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
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CY2022Q4 us-gaap Deferred Tax Assets Inventory
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34921 usd
CY2021Q4 us-gaap Deferred Tax Assets Inventory
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CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Impairment Losses
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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21985554 usd
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CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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20100000 usd
CY2022 cphi Net Operating Loss Carry Forwards Expiration Description
NetOperatingLossCarryForwardsExpirationDescription
Approximately $6.0 million of these carryforwards expired in December 2022. The Company also has net operating losses for United States federal income tax purposes of approximately $8.7 million of which $5.1 million is available to offset future taxable income, if any, through 2039, and $3.7 million are available for carryforward indefinitely subject to a limitation of 80% of taxable income for each tax year.
CY2022Q4 cphi Valuation Allowance For Deferred Tax Assets
ValuationAllowanceForDeferredTaxAssets
21985554 usd
CY2021Q4 cphi Valuation Allowance For Deferred Tax Assets
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23982509 usd
CY2022Q4 us-gaap Customers Liability For Acceptances Net
CustomersLiabilityForAcceptancesNet
13784 usd
CY2022Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
13784 usd
CY2021Q4 us-gaap Customers Liability For Acceptances Net
CustomersLiabilityForAcceptancesNet
91362 usd
CY2021Q4 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
91362 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022 cphi Aftertax Net Income Percentage
AftertaxNetIncomePercentage
0.10 pure
CY2022 cphi Reserve Account Balances Percentage
ReserveAccountBalancesPercentage
0.50 pure
CY2022 us-gaap Statutory Accounting Practices Statutory Net Income Amount
StatutoryAccountingPracticesStatutoryNetIncomeAmount
8145000 usd
CY2021 us-gaap Statutory Accounting Practices Statutory Net Income Amount
StatutoryAccountingPracticesStatutoryNetIncomeAmount
8145000 usd
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
500000 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
500000 shares
CY2022 cphi Total Option Outstanding
TotalOptionOutstanding
66500 shares
CY2022Q4 cphi Additional Shares Available For Issuance
AdditionalSharesAvailableForIssuance
910000 shares
CY2022Q4 cphi Common Stock Pursuant
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30000 shares
CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
42000 usd
CY2022Q4 cphi Closing Market Price
ClosingMarketPrice
1.4
CY2022Q4 us-gaap Common Stocks Including Additional Paid In Capital
CommonStocksIncludingAdditionalPaidInCapital
90000 usd
CY2022Q4 cphi Purchaseof Common Stock Shares
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60000 shares
CY2022Q4 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
5.6
CY2022Q4 cphi Fair Value Of Options Granted
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36270 usd
CY2022Q4 cphi Closing Market Price
ClosingMarketPrice
1.5
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
1.155 pure
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0384 pure
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y6M
CY2021Q3 cphi Purchaseof Common Stock Shares
PurchaseofCommonStockShares
6500 shares
CY2021Q3 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
14.7
CY2021Q3 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
15243 usd
CY2021Q3 cphi Market Price Per Share
MarketPricePerShare
6.7
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.184 pure
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0075 pure
CY2021Q3 cphi Expected Lifes
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P1Y6M
CY2022Q4 us-gaap Commitments And Contingencies
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CY2021Q4 us-gaap Commitments And Contingencies
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CY2022Q4 us-gaap Preferred Stock Value
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CY2021Q4 us-gaap Preferred Stock Value
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CY2022Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
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CY2022Q4 us-gaap Preferred Stock Shares Outstanding
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.74
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.76
CY2022 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
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CY2022 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
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CY2022 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2021 cphi Conversion Of Officer Wages To Common Stock
ConversionOfOfficerWagesToCommonStock
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CY2022 us-gaap Stock Issued1
StockIssued1
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CY2022Q4 cphi Operating Lease Liabilities Net Of Current Portion
OperatingLeaseLiabilitiesNetOfCurrentPortion
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CY2022 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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CY2021 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001106644

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