2022 Q2 Form 20-F Financial Statement
#000121390022067175 Filed on October 28, 2022
Income Statement
Concept | 2022 Q2 | 2022 | 2021 Q2 |
---|---|---|---|
Revenue | $12.13M | $32.28M | $25.53M |
YoY Change | -52.47% | 26.46% | 62.71% |
Cost Of Revenue | $10.00M | $26.04M | $18.30M |
YoY Change | -45.34% | 42.25% | 64.02% |
Gross Profit | $2.129M | $6.246M | $7.224M |
YoY Change | -70.53% | -13.55% | 59.5% |
Gross Profit Margin | 17.54% | 19.35% | 28.3% |
Selling, General & Admin | $1.791M | $4.448M | $1.392M |
YoY Change | 28.66% | 219.53% | 1.83% |
% of Gross Profit | 84.15% | 71.22% | 19.27% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $181.1K | $310.3K | $126.8K |
YoY Change | 42.83% | 27.24% | 9.17% |
% of Gross Profit | 8.51% | 4.97% | 1.76% |
Operating Expenses | $1.791M | $4.829M | $1.392M |
YoY Change | 28.66% | 246.88% | 1.83% |
Operating Profit | $337.4K | $1.416M | $5.832M |
YoY Change | -94.21% | -75.71% | 84.43% |
Interest Expense | -$40.71K | $235.3K | -$243.5K |
YoY Change | -83.28% | -196.66% | 93.9% |
% of Operating Profit | -12.06% | 16.61% | -4.17% |
Other Income/Expense, Net | $303.5K | $378.0K | $95.95K |
YoY Change | 216.31% | 293.93% | 107.5% |
Pretax Income | $600.2K | $1.559M | $5.684M |
YoY Change | -89.44% | -72.57% | 84.39% |
Income Tax | $359.0K | $871.2K | $1.417M |
% Of Pretax Income | 59.81% | 55.88% | 24.93% |
Net Earnings | $341.3K | $687.9K | $4.268M |
YoY Change | -92.0% | -83.88% | 75.2% |
Net Earnings / Revenue | 2.81% | 2.13% | 16.72% |
Basic Earnings Per Share | $0.04 | ||
Diluted Earnings Per Share | $19.12K | $0.03 | $239.1K |
COMMON SHARES | |||
Basic Shares Outstanding | 20.95M shares | ||
Diluted Shares Outstanding | 20.95M shares |
Balance Sheet
Concept | 2022 Q2 | 2022 | 2021 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $14.40M | $14.40M | $1.320M |
YoY Change | 990.62% | 990.62% | -4.81% |
Cash & Equivalents | $14.40M | $14.40M | $1.320M |
Short-Term Investments | $0.00 | ||
Other Short-Term Assets | $820.4K | $9.388M | $3.249M |
YoY Change | -74.75% | 188.95% | -10.19% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $26.28M | $27.06M | $27.87M |
Other Receivables | -$14.93K | -$14.93K | -$27.88K |
Total Short-Term Assets | $50.83M | $50.83M | $32.41M |
YoY Change | 56.84% | 56.84% | 57.92% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $71.76K | $533.2K | $243.1K |
YoY Change | -70.48% | 119.28% | -30.44% |
Goodwill | |||
YoY Change | |||
Intangibles | $2.204M | $1.635M | |
YoY Change | 34.8% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $10.01M | $10.80M | $140.8K |
YoY Change | 7010.83% | 7571.83% | -58.01% |
Total Long-Term Assets | $13.54M | $13.54M | $2.019M |
YoY Change | 570.38% | 570.38% | -15.16% |
TOTAL ASSETS | |||
Total Short-Term Assets | $50.83M | $50.83M | $32.41M |
Total Long-Term Assets | $13.54M | $13.54M | $2.019M |
Total Assets | $64.37M | $64.37M | $34.43M |
YoY Change | 86.96% | 86.96% | 50.32% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $966.8K | $966.8K | $1.901M |
YoY Change | -49.14% | -49.14% | -32.0% |
Accrued Expenses | $335.3K | $335.3K | $158.8K |
YoY Change | 111.16% | 111.16% | 14.13% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $3.792M | $3.792M | $5.141M |
YoY Change | -26.24% | -26.24% | 179.58% |
Total Short-Term Liabilities | $10.09M | $10.09M | $13.32M |
YoY Change | -24.26% | -24.26% | 48.23% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.254M | $1.254M | $1.672M |
YoY Change | -25.01% | -25.01% | |
Other Long-Term Liabilities | $250.2K | $250.2K | $104.8K |
YoY Change | 138.81% | 138.81% | -44.86% |
Total Long-Term Liabilities | $1.254M | $1.504M | $1.777M |
YoY Change | -29.43% | -15.35% | 835.38% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $10.09M | $10.09M | $13.32M |
Total Long-Term Liabilities | $1.254M | $1.504M | $1.777M |
Total Liabilities | $11.60M | $11.60M | $15.10M |
YoY Change | -23.21% | -23.16% | 51.25% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $11.03M | $10.50M | |
YoY Change | 5.05% | ||
Common Stock | $24.05K | $17.85K | |
YoY Change | 34.73% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $52.76M | $52.76M | $19.33M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $64.37M | $64.37M | $34.43M |
YoY Change | 86.96% | 86.96% | 50.32% |
Cashflow Statement
Concept | 2022 Q2 | 2022 | 2021 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $341.3K | $687.9K | $4.268M |
YoY Change | -92.0% | -83.88% | 75.2% |
Depreciation, Depletion And Amortization | $181.1K | $310.3K | $126.8K |
YoY Change | 42.83% | 27.24% | 9.17% |
Cash From Operating Activities | -$13.88M | -$19.37M | -$4.114M |
YoY Change | 237.35% | 379.65% | 410.64% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$728.3K | $82.73K | $0.00 |
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$728.3K | -$802.7K | $0.00 |
YoY Change | -100.0% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $33.63M | $0.00 | |
YoY Change | -100.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 671.1K | $33.06M | 1.678M |
YoY Change | -60.0% | 736.76% | 87.87% |
NET CHANGE | |||
Cash From Operating Activities | -13.88M | -$19.37M | -4.114M |
Cash From Investing Activities | -728.3K | -$802.7K | 0.000 |
Cash From Financing Activities | 671.1K | $33.06M | 1.678M |
Net Change In Cash | -13.94M | $13.08M | -2.437M |
YoY Change | 471.99% | -15215.08% | -2739.02% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$13.88M | -$19.37M | -$4.114M |
Capital Expenditures | -$728.3K | $82.73K | $0.00 |
Free Cash Flow | -$13.15M | -$19.45M | -$4.114M |
YoY Change | 219.65% | 381.7% | 410.64% |
Facts In Submission
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---|---|---|---|---|
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Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
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Earnings Per Share Diluted
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0.25 | |
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2022-06-30 | |
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--06-30 | |
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2022 | |
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Pop Culture Group Co., Ltd | |
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E9 | |
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3rd Floor | |
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No. 168 Fengqi RoadJimei District | |
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Xiamen City | |
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CPOP | |
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|
-100070 | usd |
CY2020 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
189996 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
787958 | usd |
CY2021 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
4267542 | usd |
CY2020 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
2435821 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-873803 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
1335757 | usd |
CY2020 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-241839 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-185915 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
5603299 | usd |
CY2020 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
2383978 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-100070 | usd |
CY2020 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
174392 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-85845 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
5603299 | usd |
CY2020 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2209586 | usd |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.25 | |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.16 | |
CY2019Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
7522986 | usd |
CY2020 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
3817842 | usd |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2625817 | usd |
CY2020 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-241839 | usd |
CY2020Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
13724806 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4267542 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1335757 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
19328105 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
|
108437 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
33521725 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
687888 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-873803 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
52772352 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
687888 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
4267542 | usd |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
2625817 | usd |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1307518 | usd |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
195187 | usd |
CY2020 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
324345 | usd |
CY2022 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
310343 | usd |
CY2021 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
243905 | usd |
CY2020 | us-gaap |
Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
|
233353 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-334045 | usd |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-47802 | usd |
CY2020 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-84246 | usd |
CY2022 | pcgcl |
Noncash Lease Expense
NoncashLeaseExpense
|
84552 | usd |
CY2021 | pcgcl |
Noncash Lease Expense
NoncashLeaseExpense
|
107139 | usd |
CY2020 | pcgcl |
Noncash Lease Expense
NoncashLeaseExpense
|
89977 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
1237 | usd |
CY2020 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-19300 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3001954 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
9259862 | usd |
CY2020 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
5672992 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
7542591 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
-1440794 | usd |
CY2020 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
2531334 | usd |
CY2020 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-153586 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1533471 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1504345 | usd |
CY2020 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
44002 | usd |
CY2022 | pcgcl |
Operating Lease Rightofuse Assets
OperatingLeaseRightofuseAssets
|
563300 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
10050789 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-268433 | usd |
CY2020 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
252816 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-898452 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1130593 | usd |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
49588 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-1599990 | usd |
CY2021 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-275888 | usd |
CY2020 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
1762730 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
295333 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
1592715 | usd |
CY2020 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
721743 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
156840 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-52007 | usd |
CY2020 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
54234 | usd |
CY2022 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-225000 | usd |
CY2021 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
225000 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
476367 | usd |
CY2021 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-107550 | usd |
CY2020 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-54112 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-19365046 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4037332 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2604829 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
82733 | usd |
CY2020 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1716 | usd |
CY2020 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
4977 | usd |
CY2022 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
720000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-802733 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
3261 | usd |
CY2022 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
3433810 | usd |
CY2021 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
6341729 | usd |
CY2020 | us-gaap |
Proceeds From Bank Debt
ProceedsFromBankDebt
|
1838833 | usd |
CY2022 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
4956629 | usd |
CY2021 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
3472851 | usd |
CY2020 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
1981799 | usd |
CY2022 | pcgcl |
Proceeds From Longterm Bank Loans
ProceedsFromLongtermBankLoans
|
-245791 | usd |
CY2021 | pcgcl |
Proceeds From Longterm Bank Loans
ProceedsFromLongtermBankLoans
|
1811922 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
33630162 | usd |
CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
3817842 | usd |
CY2022 | pcgcl |
Payment For Deferred Offering Costs
PaymentForDeferredOfferingCosts
|
-1197380 | usd |
CY2021 | pcgcl |
Payment For Deferred Offering Costs
PaymentForDeferredOfferingCosts
|
729977 | usd |
CY2020 | pcgcl |
Payment For Deferred Offering Costs
PaymentForDeferredOfferingCosts
|
409743 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
33058932 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3950823 | usd |
CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
14881478 | shares |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3265133 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
184902 | usd |
CY2021 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
47349 | usd |
CY2020 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
40083 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
13076055 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-39160 | usd |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
703648 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1319977 | usd |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1359137 | usd |
CY2019Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
655489 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14396032 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1319977 | usd |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1359137 | usd |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
398370 | usd |
CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
34765 | usd |
CY2020 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
17408 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
56733 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
235361 | usd |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
126095 | usd |
CY2021Q1 | pcgcl |
Noncontrolling Interests
NoncontrollingInterests
|
0.0645 | pure |
CY2021Q1 | pcgcl |
Wfoe Gained
WFOEGained
|
1 | pure |
CY2022Q2 | us-gaap |
Other Assets
OtherAssets
|
30147583 | usd |
CY2021Q2 | us-gaap |
Other Assets
OtherAssets
|
33067159 | usd |
CY2022Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
11110127 | usd |
CY2021Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
14874342 | usd |
CY2022 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
24761112 | usd |
CY2021 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
24871302 | usd |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
17228698 | shares |
CY2020 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
15688080 | usd |
CY2022 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
1882512 | usd |
CY2021 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
4571795 | usd |
CY2020 | us-gaap |
Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
|
2944550 | usd |
CY2022 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-22495295 | usd |
CY2021 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-3310074 | usd |
CY2020 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-2255959 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-82733 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
3261 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
10463813 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
4378228 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
1777271 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><i>(b) Use of estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires to make 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 and accompanying notes, including allowance for doubtful accounts, the useful lives of property and equipment and intangible asset, impairment of long-lived assets, deferred cost, and valuation for deferred tax assets. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p> | |
CY2020Q2 | pcgcl |
Deferred Revenue Balance
DeferredRevenueBalance
|
1764608 | usd |
CY2021 | us-gaap |
Deferred Revenue Additions
DeferredRevenueAdditions
|
8070036 | usd |
CY2021 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
8185797 | usd |
CY2021Q2 | us-gaap |
Cash
Cash
|
1319977 | usd |
CY2022Q2 | us-gaap |
Cash
Cash
|
14396032 | usd |
CY2022Q2 | us-gaap |
Other Intangible Assets Net
OtherIntangibleAssetsNet
|
2204411 | usd |
CY2022 | pcgcl |
Amortized Straight Line Method
AmortizedStraightLineMethod
|
P10Y | |
CY2021Q2 | pcgcl |
Deferred Revenue Balance
DeferredRevenueBalance
|
1648847 | usd |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20950000 | shares |
CY2020Q2 | us-gaap |
Percentage Of Debt Hedged By Interest Rate Derivatives
PercentageOfDebtHedgedByInterestRateDerivatives
|
0.06 | pure |
CY2021Q2 | us-gaap |
Percentage Of Debt Hedged By Interest Rate Derivatives
PercentageOfDebtHedgedByInterestRateDerivatives
|
0.06 | pure |
CY2022Q2 | us-gaap |
Percentage Of Debt Hedged By Interest Rate Derivatives
PercentageOfDebtHedgedByInterestRateDerivatives
|
0.06 | pure |
CY2022 | us-gaap |
Revenue Recognition Allowances
RevenueRecognitionAllowances
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><i>(m) Revenue recognition</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">On July 1, 2017, the Company adopted ASC 606, Revenue from Contracts with Customers, using the modified retrospective approach. The adoption of ASC 606 did not have a material impact on the Company’s consolidated financial statements.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">ASC 606 establishes principles for reporting information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the Company’s contracts to provide services to customers. The core principle of ASC 606 is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The following five steps are applied to achieve that core principle:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">Step 1: Identify the contract with the customer;</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">Step 2: Identify the performance obligations in the contract;</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">Step 3: Determine the transaction price;</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">Step 4: Allocate the transaction price to the performance obligations in the contract; and</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">Step 5: Recognize revenue when the company satisfies a performance obligation.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">The Company mainly generates revenue from event hosting, event planning and execution, and brand promotion, and other services.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><i>Event hosting - </i>The Company regularly hosts live concerts and hip-hop events, and operates hip-hop related online programs. The portfolio of hip-hop events includes a stage play, dance competitions, cultural and musical festivals, and promotional parties. The Company started to operate online hip-hop programs since 2020. The portfolio of online hip-hop programs includes street dance tutorial programs, collections of street dance performances videos, and collections of short music videos on trendy shoes and clothes related to hip-hop culture. The Company generates revenue from concerts, hip-hop events, and online hip-hop programs by providing sponsorship packages to advertisers in exchange for sponsorship fees or by selling tickets for those concerts.</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 0pt 17.85pt; text-align: justify"><i>Event planning and execution - </i>The Company provides customized event planning and execution services upon requests from its customers, which services generally entail design, logistics, layout of events, and coordination and supervision of the actual event set-up and implementation, and generates revenue through service fees.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><i>Brand promotion - </i>The Company provides brand promotion services, including trademark and logo design, visual identity system design, brand positioning, brand personality design, and digital solutions for service fees.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><i>Other services</i> - The Company sells digital collections to individual collectors, provides music recording services to a corporate client and Software-as-a-Service (“SaaS”) software services to hip-hop dance training institutions for service fees, and distributes advertisements for corporate customers for service fees.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">The Company accounts for a contract of event hosting, event planning and execution, or brand promotion when it has legally enforceable rights and obligations and collectability of consideration is probable. Each contract typically contains one single performance obligation, which is to deliver a successful event, activity, qualified online program or video, or brand solution, and the contract price is fixed. Contract terms typically include a customary requirement for payment within 180 days after the Company successfully provides services, which is indicated by the customer’s signed acknowledgement of completion on such event, activity, online program, or brand solution by providing the Company with completion confirmation forms.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">For event hosting, event planning and execution, and brand promotion, revenue is recognized at a point of time when services are successfully provided (e.g., upon successful carryout of an event), which is indicated by customer’s acknowledgement of completion on such event, activity, online program or video, or brand solution, as the customer neither simultaneously receives and consumes the benefits provided by the Company’s performance nor controls an increasingly enhanced asset or an asset with an alternative use to the customer as the Company performs. Event hosting, event planning and execution, and brand promotion projects are generally short term, which usually take less than three months.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">For digital collections, the PRC operating entities sell digital collections through its own digital collection sales platform. After the customer purchases the digital collection issued on the platform and the digital collection is delivered to the customer, the revenue is recognized.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">For music recording service, revenue is recognized at a point of time when services are successfully provided which is indicated by customer’s acknowledgement of completion on the recording.</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 0pt 17.85pt; text-align: justify">For SaaS software services, revenue is recognized after the completion of the service provision. The PRC operating entities reach an annual framework service contract with the customer and charges a one-time service fee. Revenue is recognized on a monthly average basis within the service period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">For distribution of advertisements, the Company satisfies its performance obligation over time by measuring the progress based on time elapsed, as the customer simultaneously receives and consumes the benefit of service provided, during the period of time when the advertisement is displayed. Payment is usually required within 180 days after the completion of distribution.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">The Company reports revenue on a gross basis for event hosting, event planning and execution, brand promotion, and other services (except for advertisement distribution), as the Company takes risk and control of the event, activities, online program, or brand solution before they are transferred to customers. While in terms of advertisement distribution, the Company reports revenue on a net basis since it only arranges the distribution of advertisements, instead of taking the risk and control of the distribution resources.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">The Company applies a practical expedient to make no adjustment for the promised amount of consideration for the effects of a significant financing component as the Company expects, at contract inception, that the period between when the Company transfers a promised service to a customer and when the customer pays for that service will be one year or less.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">The following table identifies the disaggregation of the Company’s revenue for the years ended June 30, 2022, 2021, and 2020, respectively:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the years ended June 30,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td>Revenue from operations:</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left; padding-left: 9pt">Event hosting</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">14,711,787</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">14,978,643</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">7,630,377</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 9pt">Brand promotion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,733,764</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">750,315</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,241,869</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 9pt">Event planning and execution</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,420,328</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,196,773</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">5,493,851</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 9pt">Other services</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">415,664</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">600,826</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">321,983</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt">Total revenue</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">32,281,543</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">25,526,557</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">15,688,080</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"><i>Deferred revenue</i> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><span>The Company presents the consideration that a customer pays before the Company transfers a service to the customer as a contract liability (deferred revenue) when the payment is made. Deferred revenue is the Company’s obligation to transfer services to a customer for which the Company has received consideration from the customer. As of June 30, 2021 and 2022, the balance of deferred revenue amounted to $1,648,847 and $47,710, respectively, and the movement of deferred revenue was as below. </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%">June 30, 2020</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,764,608</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Addition</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,070,036</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Recognized as revenue within the year ended June 30, 2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(8,185,797</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td>June 30,2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,648,847</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Addition</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,710</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt">Recognized as revenue within the year ended June 30, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,648,847</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt">June 30,2022</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">47,710</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">The Company applies a practical expedient to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less. The Company has no material incremental costs of obtaining contracts with customers that the Company expects the benefit of those costs to be longer than one year which need to be recognized as assets.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p> | |
CY2022 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
32281543 | usd |
CY2021 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
25526557 | usd |
CY2020 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
15688080 | usd |
CY2021Q2 | us-gaap |
Deferred Revenue
DeferredRevenue
|
1648847 | usd |
CY2022Q2 | us-gaap |
Deferred Revenue
DeferredRevenue
|
47710 | usd |
CY2022 | us-gaap |
Deferred Revenue Additions
DeferredRevenueAdditions
|
47710 | usd |
CY2022 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
1648847 | usd |
CY2022Q2 | pcgcl |
Deferred Revenue Balance
DeferredRevenueBalance
|
47710 | usd |
CY2022 | us-gaap |
Revenue Recognition Sales Of Services
RevenueRecognitionSalesOfServices
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><i>(n) Cost of revenue</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">Cost of revenue consists primarily of event design costs, online program production costs, salary and benefits expenses, materials costs, and other related expenses.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p> | |
CY2021Q2 | us-gaap |
Other Intangible Assets Net
OtherIntangibleAssetsNet
|
1635321 | usd |
CY2018Q4 | pcgcl |
Cash Consideration Amount
CashConsiderationAmount
|
2086819 | usd |
CY2020 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
110132 | usd |
CY2021 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
133387 | usd |
CY2022 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
380723 | usd |
CY2022 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
100000 | cny |
CY2022 | us-gaap |
Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
|
-14563 | usd |
CY2022 | us-gaap |
Construction Contractor Contract Duration
ConstructionContractorContractDuration
|
P10Y | |
CY2022 | us-gaap |
Temporary Equity Description
TemporaryEquityDescription
|
The consolidated balance sheet amounts, with the exception of equity, at June 30, 2022 and 2021 were translated at RMB6.6981 to $1.00 and at RMB6.4579 to $1.00, respectively. Equity accounts were stated at their historical rates. The average translation rates applied to consolidated statements of operations and cash flows for the years ended June 30, 2022, 2021, and 2020 were RMB6.4554 to $1.00, RMB6.6228 to $1.00, and RMB7.0319 to $1.00, respectively. | |
CY2021Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
2204928 | usd |
CY2022 | pcgcl |
Less Accumulated Amortization
LessAccumulatedAmortization
|
790742 | usd |
CY2021 | pcgcl |
Less Accumulated Amortization
LessAccumulatedAmortization
|
569607 | usd |
CY2022Q1 | pcgcl |
Cash Consideration Amount
CashConsiderationAmount
|
1300000 | usd |
CY2022Q1 | pcgcl |
Company Authorization
CompanyAuthorization
|
P10Y | |
CY2022Q1 | pcgcl |
Amount Authorized
AmountAuthorized
|
720000 | usd |
CY2020 | pcgcl |
Amortization Expense
AmortizationExpense
|
202494 | usd |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"><i>(u) Concentration and credit risk</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">Substantially all of the Company’s operating activities are transacted in RMB, which is not freely convertible into foreign currencies. All foreign exchange transactions take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other regulatory institutions require submitting a payment application form together with suppliers’ invoices, shipping documents, and signed contracts.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><span>The Company maintains certain bank accounts in the PRC, where under the Deposit Insurance System in China, Hong Kong, and Cayman Islands. In China, a company’s deposits at one bank are insured for a maximum of RMB500,000 in the event of bank failure. In Hong Kong and Cayman Islands, deposits are not insured by Federal Deposit Insurance Corporation (“FDIC”) insurance or other insurance. As of June 30, 2021 and 2022, $1,314,910 and $5,281,823 of the Company’s cash were on deposit at financial institutions in the PRC, respectively, and $5,067 and $9,113,548 of the Company’s cash were on deposit at financial institutions in Hong Kong, respectively.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify">Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposed to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 17.85pt; text-align: justify"><span>The Company’s sales are made to customers that are located primarily in China. The Company has a concentration of its revenue and accounts receivable with specific customers. For the fiscal year ended June 30, 2020, three major customers accounted for approximately 18%, 9%, and 9% of the Company’s total revenue, respectively. For the fiscal year ended June 30, 2021, three major customers accounted for approximately 23%, 12%, and 8% of the Company’s total revenue, respectively. For the fiscal year ended June 30, 2022, three major customers accounted for approximately 30%, 13%, and 7% of the Company’s total revenue, respectively. As of June 30, 2021, the top five customers accounted for 58% of net accounts receivable as of June 30, 2021, with each customer representing 16%, 15%, 10%, 9%, and 8% of the net accounts receivable balance, respectively. As of June 30, 2022, the top five customers accounted for 72% of net accounts receivable as of June 30, 2022, with each customer representing 35%, 14%, 9%, 7%, and 7% </span><span style="font-family: Times New Roman, Times, Serif"> </span><span>of the net accounts receivable balance, respectively. </span></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 0pt 22pt; text-align: justify">For the fiscal year ended June 30, 2022, the Company purchased approximately 8.59%, 7.88%, and 5.63% of its services from three major suppliers, respectively. For the fiscal year ended June 30, 2021, the Company purchased approximately 14%, 13%, and 12% of its services from three major suppliers, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022 | pcgcl |
Company Deposits
CompanyDeposits
|
500000 | cny |
CY2021Q2 | us-gaap |
Deposits
Deposits
|
1314910 | usd |
CY2022Q2 | us-gaap |
Deposits
Deposits
|
5281823 | usd |
CY2021 | us-gaap |
Payments For Deposits
PaymentsForDeposits
|
5067 | usd |
CY2022 | us-gaap |
Payments For Deposits
PaymentsForDeposits
|
9113548 | usd |
CY2021Q2 | pcgcl |
Percentage Of Accounts Receivable
PercentageOfAccountsReceivable
|
0.58 | pure |
CY2022Q2 | pcgcl |
Percentage Of Accounts Receivable
PercentageOfAccountsReceivable
|
0.72 | pure |
CY2021Q1 | pcgcl |
Noncontrolling Interests
noncontrollingInterests
|
0.0645 | pure |
CY2021Q1 | pcgcl |
Wfoe Gained
WFOEGained
|
1 | pure |
CY2020Q3 | pcgcl |
Noncontrolling Interests
noncontrollingInterests
|
0.49 | pure |
CY2022Q2 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
28094299 | usd |
CY2021Q2 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
26101025 | usd |
CY2022Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
1815665 | usd |
CY2021Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
563789 | usd |
CY2022Q2 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
26278634 | usd |
CY2021Q2 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
25537236 | usd |
CY2021 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
180408 | usd |
CY2022 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
1319925 | usd |
CY2022 | pcgcl |
Production Copyright
ProductionCopyright
|
2845857 | usd |
CY2021 | pcgcl |
Production Copyright
ProductionCopyright
|
2204928 | usd |
CY2022 | pcgcl |
Saa S
SaaS
|
149296 | usd |
CY2022Q2 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
783798 | usd |
CY2021Q2 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
2331826 | usd |
CY2021Q2 | us-gaap |
Rental Properties
RentalProperties
|
1197177 | usd |
CY2022Q2 | us-gaap |
Other Receivables
OtherReceivables
|
36559 | usd |
CY2021Q2 | us-gaap |
Other Receivables
OtherReceivables
|
51912 | usd |
CY2022Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
820357 | usd |
CY2021Q2 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
3580915 | usd |
CY2022Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
14930 | usd |
CY2021Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
27887 | usd |
CY2022Q2 | us-gaap |
Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
|
805427 | usd |
CY2021Q2 | us-gaap |
Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
|
3553028 | usd |
CY2021 | pcgcl |
Interest And Debt Expenses
InterestAndDebtExpenses
|
27887 | usd |
CY2022 | pcgcl |
Interest And Debt Expenses
InterestAndDebtExpenses
|
12407 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
103333 | usd |
CY2021Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
167289 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
31570 | usd |
CY2021Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
118896 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
71763 | usd |
CY2021Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
48393 | usd |
CY2022 | us-gaap |
Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
|
30859 | usd |
CY2021 | us-gaap |
Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
|
28902 | usd |
CY2020 | us-gaap |
Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
|
60600 | usd |
CY2022Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
2995153 | usd |
CY2021 | pcgcl |
Amortization Expense
AmortizationExpense
|
215003 | usd |
CY2022 | pcgcl |
Amortization Expense
AmortizationExpense
|
249743 | usd |
CY2022Q2 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
260069 | usd |
CY2022Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
260069 | usd |
CY2022Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
260069 | usd |
CY2022Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
260069 | usd |
CY2022Q2 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
260069 | usd |
CY2022Q2 | us-gaap |
Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
|
904066 | usd |
CY2022Q2 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
2204411 | usd |
CY2022 | us-gaap |
Prepayment Fees On Advances Net
PrepaymentFeesOnAdvancesNet
|
4597232 | usd |
CY2022 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
2800000 | usd |
CY2022 | us-gaap |
Professional Fees
ProfessionalFees
|
925933 | usd |
CY2022Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
886367 | usd |
CY2022 | pcgcl |
Prepayment Of Copyright Licenses
PrepaymentOfCopyrightLicenses
|
580000 | usd |
CY2022Q2 | us-gaap |
Prepaid Royalties
PrepaidRoyalties
|
95798 | usd |
CY2022Q2 | us-gaap |
Security Deposit
SecurityDeposit
|
55425 | usd |
CY2022Q2 | us-gaap |
Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
|
68445 | usd |
CY2022Q2 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
10009200 | usd |
us-gaap |
Dividends Cash
DividendsCash
|
4600000 | usd | |
CY2021Q2 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0558 | pure |
CY2022Q2 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.0486 | pure |
CY2020Q2 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.0721 | pure |
CY2021Q2 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.0626 | pure |
CY2022Q2 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.0487 | pure |
CY2022Q2 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
126336 | usd |
CY2021Q2 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
60347 | usd |
CY2022Q2 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
102873 | usd |
CY2021Q2 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
17220 | usd |
CY2022Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
229209 | usd |
CY2021Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
77567 | usd |
CY2022Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
3946227 | usd |
CY2021Q2 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
3632709 | usd |
CY2022Q2 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
746975 | usd |
CY2021Q2 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
585979 | usd |
CY2022Q2 | us-gaap |
Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
|
2224 | usd |
CY2021Q2 | us-gaap |
Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
|
13703 | usd |
CY2022Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
|
1841 | usd |
CY2022Q2 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
4697267 | usd |
CY2021Q2 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
4232391 | usd |
CY2022Q2 | pcgcl |
Short Term Debt Subtotal
ShortTermDebtSubtotal
|
3433810 | usd |
CY2021Q2 | pcgcl |
Short Term Debt Subtotal
ShortTermDebtSubtotal
|
4955172 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
3792121 | usd |
CY2021Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
5140990 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1254087 | usd |
CY2021Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1672370 | usd |
CY2020 | us-gaap |
Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
|
125186 | usd |
CY2021 | us-gaap |
Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
|
228806 | usd |
CY2022 | us-gaap |
Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Short Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesShortTerm
|
266126 | usd |
CY2021Q1 | pcgcl |
Total Received
TotalReceived
|
10000000 | cny |
CY2021Q1 | pcgcl |
Total Received
TotalReceived
|
1548491 | usd |
CY2021Q1 | pcgcl |
Total Receivable
TotalReceivable
|
13000000 | cny |
CY2021Q1 | pcgcl |
Total Receivable
TotalReceivable
|
2013038 | usd |
CY2021Q4 | pcgcl |
Total Received
TotalReceived
|
10000000 | cny |
CY2021Q4 | pcgcl |
Total Receivable
TotalReceivable
|
1492960 | usd |
CY2021 | pcgcl |
Working Capital
WorkingCapital
|
225000 | usd |
CY2022Q1 | us-gaap |
Payments For Software
PaymentsForSoftware
|
1000000 | cny |
CY2022Q1 | us-gaap |
Payments For Software
PaymentsForSoftware
|
154909 | usd |
CY2018Q1 | pcgcl |
Profits Tax Rates
ProfitsTaxRates
|
2000000 | hkd |
CY2018Q1 | pcgcl |
Percentage Of Profit Taxed
PercentageOfProfitTaxed
|
0.0825 | pure |
CY2018Q1 | us-gaap |
Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
|
0.165 | pure |
CY2022 | pcgcl |
Accounting Standards Rate Percentage1
AccountingStandardsRatePercentage1
|
0.25 | pure |
CY2021 | us-gaap |
Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
|
3000000 | cny |
CY2022 | us-gaap |
Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
|
1000000 | cny |
CY2021Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
44894 | usd |
CY2021 | us-gaap |
Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
|
0.003 | |
CY2022 | pcgcl |
Current Income Tax Provision
CurrentIncomeTaxProvision
|
1205276 | usd |
CY2021 | pcgcl |
Current Income Tax Provision
CurrentIncomeTaxProvision
|
1464674 | usd |
CY2020 | pcgcl |
Current Income Tax Provision
CurrentIncomeTaxProvision
|
541251 | usd |
CY2022 | pcgcl |
Deferred Income Tax Benefit
DeferredIncomeTaxBenefit
|
-334045 | usd |
CY2021 | pcgcl |
Deferred Income Tax Benefit
DeferredIncomeTaxBenefit
|
-47802 | usd |
CY2020 | pcgcl |
Deferred Income Tax Benefit
DeferredIncomeTaxBenefit
|
-84246 | usd |
CY2022Q2 | us-gaap |
Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
|
871231 | usd |
CY2021Q2 | us-gaap |
Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
|
1416872 | usd |
CY2020Q2 | us-gaap |
Other Inventory Net Of Reserves
OtherInventoryNetOfReserves
|
457005 | usd |
CY2022 | dei |
Entity Address Country
EntityAddressCountry
|
CN | |
CY2022 | dei |
Document Accounting Standard
DocumentAccountingStandard
|
U.S. GAAP | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.2104 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.0103 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
0.0071 | pure |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.0215 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
|
0.0881 | pure |
CY2021 | pcgcl |
Effect Of Favorable Tax Rates On Smallscale And Lowprofit Entities
EffectOfFavorableTaxRatesOnSmallscaleAndLowprofitEntities
|
-0.0079 | pure |
CY2020 | pcgcl |
Effect Of Favorable Tax Rates On Smallscale And Lowprofit Entities
EffectOfFavorableTaxRatesOnSmallscaleAndLowprofitEntities
|
-0.0803 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.5588 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.2492 | pure |
CY2020 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.1482 | pure |
CY2021Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
107 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
|
457649 | usd |
CY2021Q2 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
|
140650 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
457649 | usd |
CY2021Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
140757 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
457649 | usd |
CY2021Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
140757 | usd |
CY2021Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
usd | |
CY2022Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2021Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2021Q2 | us-gaap |
Minority Interest
MinorityInterest
|
usd | |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
usd | |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
461399 | usd |
CY2021Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
194747 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
208926 | usd |
CY2021Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
98427 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
250178 | usd |
CY2021Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
104755 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
459104 | usd |
CY2021Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
203182 | usd |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y1M24D | |
CY2022Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0692 | pure |
CY2020 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
89977 | usd |
CY2021 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
107139 | usd |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
84552 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
343008 | usd |
CY2022Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
170699 | usd |
CY2022Q2 | pcgcl |
Lessee Operating Lease Liability Payments Due Thereafter
LesseeOperatingLeaseLiabilityPaymentsDueThereafter
|
102728 | usd |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
616435 | usd |
CY2022Q2 | us-gaap |
Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
|
157331 | usd |
CY2022Q2 | us-gaap |
Present Value Of Future Minimum Lease Payments Sale Leaseback Transactions
PresentValueOfFutureMinimumLeasePaymentsSaleLeasebackTransactions
|
459104 | usd |
CY2020Q1 | us-gaap |
Shares Issued
SharesIssued
|
3760911 | shares |
CY2020Q1 | pcgcl |
Ordinary Per Share
OrdinaryPerShare
|
0.001 | |
CY2019Q4 | us-gaap |
Share Price
SharePrice
|
2015400 | |
CY2019Q4 | pcgcl |
Capital Injection
CapitalInjection
|
2557654 | usd |
CY2020Q2 | pcgcl |
Redesignation Description
RedesignationDescription
|
the Company approved the re-designation of 5,763,077 of the Company’s issued ordinary shares held by Joya Enterprises Limited into 5,763,077 Class B ordinary shares and an aggregate of 9,178,234 of the Company’s issued ordinary shares held by Joya Enterprises Limited and certain other shareholders into 9,178,234 Class A 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 shareholder vote, 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 seven 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. | |
CY2022Q2 | pcgcl |
Net Profit After Income Tax Rate
NetProfitAfterIncomeTaxRate
|
0.10 | pure |
CY2022Q2 | pcgcl |
Registered Capital Percentage
RegisteredCapitalPercentage
|
0.50 | pure |
CY2021Q2 | pcgcl |
Registered Capital Amount
RegisteredCapitalAmount
|
2663330 | usd |
CY2022Q2 | pcgcl |
Registered Capital Amount
RegisteredCapitalAmount
|
2200124 | usd |
CY2020Q2 | pcgcl |
Appropriation Statutory Reserves
AppropriationStatutoryReserves
|
779094 | usd |
CY2021 | us-gaap |
Statutory Accounting Practices Statutory Net Income Amount
StatutoryAccountingPracticesStatutoryNetIncomeAmount
|
462479 | usd |
CY2021Q2 | pcgcl |
Appropriation Statutory Reserves
AppropriationStatutoryReserves
|
1241573 | usd |
CY2022 | us-gaap |
Statutory Accounting Practices Statutory Net Income Amount
StatutoryAccountingPracticesStatutoryNetIncomeAmount
|
257796 | usd |
CY2022Q2 | pcgcl |
Appropriation Statutory Reserves
AppropriationStatutoryReserves
|
1499369 | usd |
CY2021Q2 | pcgcl |
Restricted Net Assets
RestrictedNetAssets
|
6778206 | usd |
CY2022Q2 | us-gaap |
Other Commitment
OtherCommitment
|
1200000 | usd |
CY2020 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
usd | |
CY2021 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
usd | |
CY2021 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
usd | |
CY2022 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
usd | |
CY2021 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
usd | |
CY2022 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
usd | |
CY2021 | pcgcl |
Operating Lease Rightofuse Assets
OperatingLeaseRightofuseAssets
|
usd | |
CY2020 | pcgcl |
Operating Lease Rightofuse Assets
OperatingLeaseRightofuseAssets
|
usd | |
CY2020 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
usd | |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
usd | |
CY2021 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
usd | |
CY2021 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | |
CY2020 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | |
CY2020 | pcgcl |
Proceeds From Longterm Bank Loans
ProceedsFromLongtermBankLoans
|
usd | |
CY2022 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
usd | |
CY2021 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
usd | |
CY2020 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
usd | |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
usd | |
CY2020 | pcgcl |
Interest And Debt Expenses
InterestAndDebtExpenses
|
usd | |
CY2021 | us-gaap |
Prepayment Fees On Advances Net
PrepaymentFeesOnAdvancesNet
|
usd | |
CY2021 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
usd | |
CY2021 | us-gaap |
Professional Fees
ProfessionalFees
|
usd | |
CY2021Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
usd | |
CY2021 | pcgcl |
Prepayment Of Copyright Licenses
PrepaymentOfCopyrightLicenses
|
usd | |
CY2021Q2 | us-gaap |
Prepaid Royalties
PrepaidRoyalties
|
usd | |
CY2021Q2 | us-gaap |
Security Deposit
SecurityDeposit
|
usd | |
CY2021Q2 | us-gaap |
Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
|
usd | |
CY2021Q2 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
usd | |
CY2022Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
usd | |
CY2022Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
usd | |
CY2021Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
usd | |
CY2022Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
usd | |
CY2022 | us-gaap |
Income Tax Holiday Income Tax Benefits Per Share
IncomeTaxHolidayIncomeTaxBenefitsPerShare
|
||
CY2022Q2 | pcgcl |
Restricted Net Assets
RestrictedNetAssets
|
usd | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
00000 | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001807389 |