$CTNT
CHEETAH NET SUPPLY CHAIN SERVICE INC. Stock $ctnt

$ctnt Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000141057824000749 Filed on May 13, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1
Revenue	$293.9K	$1.508M	$10.21M
YoY Change	-97.6%	-85.23%	-20.36%
Cost Of Revenue	$261.4K	$1.483M	$9.070M
YoY Change	-97.62%	-83.65%	-26.56%
Gross Profit	$32.43K	$25.05K	$1.140M
YoY Change	-97.41%	-97.8%	142.55%
Gross Profit Margin	11.04%	1.66%	11.17%
Selling, General & Admin	$884.8K	$846.5K	$860.0K
YoY Change	25.19%	-1.57%	75.51%
% of Gross Profit	2728.43%	3379.03%	75.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$18.55K	$2.171K
YoY Change
% of Gross Profit	57.2%	8.67%
Operating Expenses	$884.8K	$846.5K	$860.0K
YoY Change	25.19%	-1.57%	75.51%
Operating Profit	-$852.3K	-$821.4K	$280.0K
YoY Change	-256.21%	-393.37%	-1500.0%
Interest Expense	-$36.20K	$62.77K	-$440.0K
YoY Change	-110.81%	-114.26%	-38.03%
% of Operating Profit			-157.14%
Other Income/Expense, Net	-$7.807K	-$33.21K	$0.00
YoY Change	-97.65%
Pretax Income	-$860.2K	-$854.6K	-$150.0K
YoY Change	-504.32%	469.76%	-79.45%
Income Tax	-$247.3K	-$245.7K	-$40.00K
% Of Pretax Income
Net Earnings	-$612.9K	-$608.9K	-$107.9K
YoY Change	-493.52%	464.17%	-80.54%
Net Earnings / Revenue	-208.56%	-40.39%	-1.06%
Basic Earnings Per Share	-$0.03	-$0.03	-$0.01
Diluted Earnings Per Share	-$0.03	-$0.03	-$0.01
COMMON SHARES
Basic Shares Outstanding	10.94M	10.94M	16.67M
Diluted Shares Outstanding	22.38M	18.74M	16.67M

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$6.293M	$903.2K	$60.00K
YoY Change	966.59%	1405.33%
Cash & Equivalents	$6.293M	$903.2K	$60.67K
Short-Term Investments
Other Short-Term Assets	$289.2K	$355.5K	$270.0K
YoY Change	-9.63%	31.67%
Inventory		$200.3K	$7.640M
Prepaid Expenses
Receivables	$5.128M	$4.935M	$2.770M
Other Receivables	$911.5K	$942.2K	$1.060M
Total Short-Term Assets	$13.62M	$7.836M	$11.80M
YoY Change	25.74%	-33.59%
LONG-TERM ASSETS
Property, Plant & Equipment	$418.2K	$58.62K	$90.00K
YoY Change	74.23%	-34.86%
Goodwill	$568.5K	$448.0K
YoY Change
Intangibles	$494.2K	$507.3K
YoY Change
Long-Term Investments
YoY Change
Other Assets	$414.6K	$284.7K	$140.0K
YoY Change	418.29%	103.32%
Total Long-Term Assets	$2.654M	$2.096M	$240.0K
YoY Change	754.55%	773.51%
TOTAL ASSETS
Total Short-Term Assets	$13.62M	$7.836M	$11.80M
Total Long-Term Assets	$2.654M	$2.096M	$240.0K
Total Assets	$16.28M	$9.933M	$12.04M
YoY Change	46.05%	-17.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.366K	$54.13K
YoY Change
Accrued Expenses	$156.5K	$148.9K	$100.0K
YoY Change	160.77%	48.92%
Deferred Revenue
YoY Change
Short-Term Debt	$1.000M	$763.6K	$90.00K
YoY Change	1058.95%	748.47%
Long-Term Debt Due	$33.72K	$33.30K	$30.00K
YoY Change	5.14%	11.0%
Total Short-Term Liabilities	$1.241M	$1.544M	$8.930M
YoY Change	-83.91%	-82.71%
LONG-TERM LIABILITIES
Long-Term Debt	$628.2K	$636.2K	$670.0K
YoY Change	-5.01%	-5.04%
Other Long-Term Liabilities	$592.9K	$634.5K	$0.00
YoY Change	229.39%
Total Long-Term Liabilities	$628.2K	$636.2K	$670.0K
YoY Change	-5.01%	-5.04%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.241M	$1.544M	$8.930M
Total Long-Term Liabilities	$628.2K	$636.2K	$670.0K
Total Liabilities	$2.462M	$2.815M	$9.600M
YoY Change	-71.21%	-70.68%
SHAREHOLDERS EQUITY
Retained Earnings	-$713.6K	-$100.7K
YoY Change	-269.02%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$13.81M	$7.118M	$2.437M
YoY Change
Total Liabilities & Shareholders Equity	$16.28M	$9.933M	$12.04M
YoY Change	46.05%	-17.5%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	-$612.9K	-$608.9K	-$107.9K
YoY Change	-493.52%	464.17%	-80.54%
Depreciation, Depletion And Amortization	$18.55K	$2.171K
YoY Change
Cash From Operating Activities	-$867.7K	$1.696M	$4.110M
YoY Change	-2269.35%	-58.74%	-186.71%
INVESTING ACTIVITIES
Capital Expenditures	$365.0K
YoY Change
Acquisitions		$220.1K
YoY Change
Other Investing Activities	-$500.0K	-$47.62K
YoY Change
Cash From Investing Activities	-$865.0K	-$47.62K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	7.122M	-1.178M	-4.100M
YoY Change	1353.56%	-71.27%	-189.91%
NET CHANGE
Cash From Operating Activities	-867.7K	1.696M	4.110M
Cash From Investing Activities	-865.0K	-47.62K
Cash From Financing Activities	7.122M	-1.178M	-4.100M
Net Change In Cash	5.390M	470.2K	10.00K
YoY Change	916.92%	4602.06%	-105.56%
FREE CASH FLOW
Cash From Operating Activities	-$867.7K	$1.696M	$4.110M
Capital Expenditures	$365.0K
Free Cash Flow	-$1.233M
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2024Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001951667
CY2024Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2024Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q1	dei	Amendment Flag AmendmentFlag	false
CY2024Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	17916000
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	19188329
CY2024Q1	dei	Document Type DocumentType	10-Q
CY2024Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2024Q1	dei	Document Period End Date DocumentPeriodEndDate	2024-03-31
CY2024Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2024Q1	dei	Entity File Number EntityFileNumber	001-41761
CY2024Q1	dei	Entity Registrant Name EntityRegistrantName	Cheetah Net Supply Chain Service Inc.
CY2024Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NC
CY2024Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	81-3509120
CY2024Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	6201 Fairview Road, Suite 225
CY2024Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Charlotte
CY2024Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	NC
CY2024Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	28210
CY2024Q1	dei	City Area Code CityAreaCode	704
CY2024Q1	dei	Local Phone Number LocalPhoneNumber	826-7280
CY2024Q1	dei	Security12b Title Security12bTitle	Class A common stock, par value $0.0001 per share
CY2024Q1	dei	Trading Symbol TradingSymbol	CTNT
CY2024Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2024Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2024Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2024Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2024Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2024Q1	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2024Q1	dei	Entity Shell Company EntityShellCompany	false
CY2024Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	10938329
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	903204
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	508241
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	17916000
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	432998
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4935009
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	6494695
CY2024Q1	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	500000
CY2023Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	672500
CY2024Q1	us-gaap	Inventory Net InventoryNet	200296
CY2023Q4	us-gaap	Inventory Net InventoryNet	1515270
CY2024Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	942165
CY2023Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	410920
CY2024Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	355517
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	294154
CY2024Q1	us-gaap	Assets Current AssetsCurrent	7836191
CY2023Q4	us-gaap	Assets Current AssetsCurrent	9820537
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	58624
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	797888
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	190823
CY2024Q1	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	284646
CY2023Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	47905
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	507286
CY2024Q1	us-gaap	Goodwill Goodwill	447984
CY2024Q1	us-gaap	Assets Assets	9932619
CY2023Q4	us-gaap	Assets Assets	10059265
CY2024Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	54131
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	40430
CY2024Q1	ctnt	Long Term Debt Current Excluding Loans Payable Lines Of Credit And Letters Of Credit LongTermDebtCurrentExcludingLoansPayableLinesOfCreditAndLettersOfCredit	33301
CY2023Q4	ctnt	Long Term Debt Current Excluding Loans Payable Lines Of Credit And Letters Of Credit LongTermDebtCurrentExcludingLoansPayableLinesOfCreditAndLettersOfCredit	32887
CY2023Q4	ctnt	Loans Payable From Letter Of Credit Financing Current LoansPayableFromLetterOfCreditFinancingCurrent	1004565
CY2024Q1	ctnt	Short Term Line Of Credit ShortTermLineOfCredit	688711
CY2023Q4	ctnt	Short Term Line Of Credit ShortTermLineOfCredit	688711
CY2024Q1	ctnt	Loans Payable From Premium Finance Current LoansPayableFromPremiumFinanceCurrent	74908
CY2023Q4	ctnt	Loans Payable From Premium Finance Current LoansPayableFromPremiumFinanceCurrent	148621
CY2023Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	13423
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	148916
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	39703
CY2024Q1	ctnt	Accrued And Other Current Liabilities AccruedAndOtherCurrentLiabilities	544298
CY2023Q4	ctnt	Accrued And Other Current Liabilities AccruedAndOtherCurrentLiabilities	390451
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	1544265
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2358791
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	636243
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	644725
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	634538
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	151121
CY2024Q1	us-gaap	Liabilities Liabilities	2815046
CY2023Q4	us-gaap	Liabilities Liabilities	3154637
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	19188329
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	7816343
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	6994595
CY2024Q1	us-gaap	Stockholders Equity Note Subscriptions Receivable StockholdersEquityNoteSubscriptionsReceivable	600000
CY2023Q4	us-gaap	Stockholders Equity Note Subscriptions Receivable StockholdersEquityNoteSubscriptionsReceivable	600000
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-100689
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	7117573
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	6904628
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	9932619
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	10059265
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1507785
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	10214442
CY2024Q1	ctnt	Cost Of Vehicles CostOfVehicles	1314973
CY2023Q1	ctnt	Cost Of Vehicles CostOfVehicles	8504503
CY2024Q1	ctnt	Fulfillment Expenses FulfillmentExpenses	125261
CY2023Q1	ctnt	Fulfillment Expenses FulfillmentExpenses	566882
CY2024Q1	ctnt	Ocean Freight Service Cost OceanFreightServiceCost	42500
CY2024Q1	us-gaap	Cost Of Revenue CostOfRevenue	1482734
CY2023Q1	us-gaap	Cost Of Revenue CostOfRevenue	9071385
CY2024Q1	us-gaap	Gross Profit GrossProfit	25051
CY2023Q1	us-gaap	Gross Profit GrossProfit	1143057
CY2024Q1	us-gaap	Selling Expense SellingExpense	78840
CY2023Q1	us-gaap	Selling Expense SellingExpense	277783
CY2024Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	767642
CY2023Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	581070
CY2024Q1	us-gaap	Operating Expenses OperatingExpenses	846482
CY2023Q1	us-gaap	Operating Expenses OperatingExpenses	858853
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-821431
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	284204
CY2024Q1	us-gaap	Interest Expense InterestExpense	62765
CY2023Q1	us-gaap	Interest Expense InterestExpense	437059
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	29552
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1934
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-33213
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-435125
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-854644
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-150921
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-245714
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-42988
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-608930
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-107933
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.03
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.03
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	18740917
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	18740917
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16666000
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16666000
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	6904628
CY2024Q1	ctnt	Adjustments To Additional Paid In Capital Warrant Termination AdjustmentsToAdditionalPaidInCapitalWarrantTermination	78125
CY2024Q1	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	900000
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-608930
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	7117573
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	1845355
CY2023Q1	ctnt	Amount Of Stock Issued From Subscriptions AmountOfStockIssuedFromSubscriptions	700000
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-107933
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	2437422
CY2024Q1	us-gaap	Profit Loss ProfitLoss	-608930
CY2023Q1	us-gaap	Profit Loss ProfitLoss	-107933
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	38560
CY2023Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	46865
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2171
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	8714
CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-247343
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-56409
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1607041
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-4321099
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1314973
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1676792
CY2024Q1	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	488560
CY2023Q1	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	161901
CY2024Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	34362
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-213661
CY2023Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	1554030
CY2024Q1	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	111928
CY2023Q1	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	23456
CY2024Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-8475
CY2023Q1	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-49365
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1695717
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4106711
CY2024Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	220117
CY2024Q1	us-gaap	Proceeds From Payments For Long Term Loans For Related Parties ProceedsFromPaymentsForLongTermLoansForRelatedParties	172500
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-47617
CY2024Q1	ctnt	Payments For Termination Of Warrants PaymentsForTerminationOfWarrants	78125
CY2023Q1	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement	700000
CY2023Q1	ctnt	Repayments Of Inventory Financing RepaymentsOfInventoryFinancing	3229800
CY2024Q1	ctnt	Proceeds From Letter Of Credit Financing ProceedsFromLetterOfCreditFinancing	25971
CY2023Q1	ctnt	Proceeds From Letter Of Credit Financing ProceedsFromLetterOfCreditFinancing	6491954
CY2024Q1	ctnt	Repayments Of Letter Of Credit Financing RepaymentsOfLetterOfCreditFinancing	1030536
CY2023Q1	ctnt	Repayments Of Letter Of Credit Financing RepaymentsOfLetterOfCreditFinancing	8016326
CY2023Q1	ctnt	Repayments Of Loans From Dealers Finance RepaymentsOfLoansFromDealersFinance	41747
CY2024Q1	ctnt	Repayments Of Premium Finance RepaymentsOfPremiumFinance	73713
CY2024Q1	ctnt	Repayments Of Long Term Borrowings RepaymentsOfLongTermBorrowings	8068
CY2023Q1	ctnt	Repayments Of Long Term Borrowings RepaymentsOfLongTermBorrowings	8503
CY2024Q1	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	13423
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1177894
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-4104422
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	470206
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	2289
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	432998
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	58381
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	903204
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	60670
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	7552
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	130136
CY2024Q1	ctnt	Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Value Of Shares Issued NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationValueOfSharesIssued	900000
CY2024Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2
CY2024Q1	us-gaap	Use Of Estimates UseOfEstimates	<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Uses of estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">In preparing the unaudited condensed consolidated financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. These estimates are based on information as of the date of the unaudited condensed consolidated financial statements. Significant estimates required to be made by management include, but are not limited to, the valuation of accounts receivables, the valuation of inventory, the revenue recognition, and the realization of deferred tax assets. Actual results could differ from those estimates.</p>
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0
CY2024Q1	us-gaap	Allowance For Notes And Loans Receivable Current AllowanceForNotesAndLoansReceivableCurrent	0
CY2024Q1	us-gaap	Inventory Adjustments InventoryAdjustments	0
CY2023Q4	us-gaap	Inventory Adjustments InventoryAdjustments	0
CY2024Q1	us-gaap	Operating Lease Impairment Loss OperatingLeaseImpairmentLoss	0
CY2023	us-gaap	Operating Lease Impairment Loss OperatingLeaseImpairmentLoss	0
CY2024Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1507785
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	10214442
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1507785
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	10214442
CY2024Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	2
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0
CY2024Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	0
CY2024Q1	ctnt	Shipping And Handling Expenses ShippingAndHandlingExpenses	20610
CY2023Q1	ctnt	Shipping And Handling Expenses ShippingAndHandlingExpenses	213460
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4935009
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	6494695
CY2024Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	4899545
CY2024Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	0
CY2023Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	0
CY2024Q1	us-gaap	Other Receivables Gross Current OtherReceivablesGrossCurrent	942165
CY2023Q4	us-gaap	Other Receivables Gross Current OtherReceivablesGrossCurrent	410920
CY2024Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	942165
CY2023Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	410920
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	60795
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	2171
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	58624
CY2024Q1	us-gaap	Lessee Operating Lease Existence Of Option To Extend LesseeOperatingLeaseExistenceOfOptionToExtend	true
CY2024Q1	us-gaap	Lessee Operating Lease Renewal Term LesseeOperatingLeaseRenewalTerm	P3Y
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	797888
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	190823
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	148916
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	39703
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	634538
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	151121
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	783454
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	190824
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y29D
CY2023Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y2M1D
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.145
CY2023Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.178
CY2024Q1	ctnt	Weighted Average Incremental Borrowing Rate Percentage WeightedAverageIncrementalBorrowingRatePercentage	0.145
CY2024Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	86205
CY2023Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	55605
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	183952
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	253349
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	262664
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	199776
CY2024Q1	ctnt	Lessee Operating Lease Liability To Be Paid After Year Three LesseeOperatingLeaseLiabilityToBePaidAfterYearThree	126976
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	1026717
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	243263
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	783454
CY2023Q4	ctnt	Loans Payable From Letter Of Credit Financing Current LoansPayableFromLetterOfCreditFinancingCurrent	1004565
CY2024Q1	ctnt	Loans Payable From Letter Of Credit Financing Current LoansPayableFromLetterOfCreditFinancingCurrent	0
CY2024Q1	us-gaap	Line Of Credit LineOfCredit	688711
CY2023Q4	us-gaap	Line Of Credit LineOfCredit	688711
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	669544
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	677612
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	33301
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	32887
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	636243
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	644725
CY2024Q1	us-gaap	Interest Expense Debt InterestExpenseDebt	7552
CY2023Q1	us-gaap	Interest Expense Debt InterestExpenseDebt	7945
CY2024Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	-128
CY2023Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	11917
CY2024Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	5156
CY2023Q1	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	1504
CY2024Q1	us-gaap	Current Federal State And Local Tax Expense Benefit CurrentFederalStateAndLocalTaxExpenseBenefit	5028
CY2023Q1	us-gaap	Current Federal State And Local Tax Expense Benefit CurrentFederalStateAndLocalTaxExpenseBenefit	13421
CY2024Q1	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-166147
CY2023Q1	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-34168
CY2024Q1	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-84595
CY2023Q1	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-22241
CY2024Q1	us-gaap	Deferred Federal State And Local Tax Expense Benefit DeferredFederalStateAndLocalTaxExpenseBenefit	-250742
CY2023Q1	us-gaap	Deferred Federal State And Local Tax Expense Benefit DeferredFederalStateAndLocalTaxExpenseBenefit	-56409
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-245714
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-42988
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.210
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.000
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation State And Local Income Taxes EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes	0.107
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.081
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation Nondeductible Expense EffectiveIncomeTaxRateReconciliationNondeductibleExpense	0.000
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	0.000
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation Other Adjustments EffectiveIncomeTaxRateReconciliationOtherAdjustments	-0.032
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.291
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.285
CY2024Q1	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	291272
CY2023Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	47905
CY2024Q1	us-gaap	Deferred Tax Assets Other DeferredTaxAssetsOther	-6626
CY2024Q1	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	284646
CY2023Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	47905
CY2024Q1	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	1008541
CY2024Q1	us-gaap	Deferred Tax Assets Operating Loss Carryforwards State And Local DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal	1138074
CY2022	ctnt	Maximum Income Tax Threshold Amount MaximumIncomeTaxThresholdAmount	27000000
CY2022Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2022Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2023Q1	us-gaap	Loss Contingency Damages Sought Value LossContingencyDamagesSoughtValue	86355
CY2023Q4	us-gaap	Loss Contingency Accrual Payments LossContingencyAccrualPayments	55000
CY2023Q4	us-gaap	Loss Contingency Damages Paid Value LossContingencyDamagesPaidValue	27500
CY2024Q1	us-gaap	Loss Contingency Damages Paid Value LossContingencyDamagesPaidValue	27500
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
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0001410578-24-000749-index.html	Edgar Link	pending
0001410578-24-000749.txt	Edgar Link	pending
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ctnt-20240331.xsd	Edgar Link	pending
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ctnt-20240331_cal.xml	Edgar Link	unprocessable

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CHEETAH NET SUPPLY CHAIN SERVICE INC. Stock $ctnt

2024 Q2 Form 10-Q Financial Statement

#000141057824000749 Filed on May 13, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CTNT CHEETAH NET SUPPLY CHAIN SERVICE INC. Stock $ctnt

2024 Q2 Form 10-Q Financial Statement

#000141057824000749 Filed on May 13, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CTNT
CHEETAH NET SUPPLY CHAIN SERVICE INC. Stock $ctnt