2022 Q3 Form 10-Q Financial Statement

#000121390022050044 Filed on August 22, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $15.49M
YoY Change 434.07%
Cost Of Revenue $16.58M
YoY Change 657.11%
Gross Profit -$1.093M
YoY Change -253.89%
Gross Profit Margin -7.05%
Selling, General & Admin $64.04K $7.485M $0.00
YoY Change -98.91% -18.06% -100.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization -$650.00 $19.39K $61.74K
YoY Change -100.12% -97.22% 517.4%
% of Gross Profit
Operating Expenses $64.04K $20.43M -$9.852M
YoY Change -98.91% 123.69% -1245.61%
Operating Profit -$64.04K -$20.43M $8.760M
YoY Change -98.02% 252.72% -5939.75%
Interest Expense $0.00 $33.00K $16.03K
YoY Change -100.0% 86.23%
% of Operating Profit 0.18%
Other Income/Expense, Net $0.00 -$1.470K -$2.307M
YoY Change -100.0% -100.08%
Pretax Income -$64.04K -$20.40M $6.469M
YoY Change -97.59% 414.6% -259.33%
Income Tax -$35.07K $1.295M
% Of Pretax Income 20.02%
Net Earnings -$4.092M -$20.37M $5.222M
YoY Change 55.05% 534.72% -231.87%
Net Earnings / Revenue 33.72%
Basic Earnings Per Share -$0.04 -$0.50
Diluted Earnings Per Share -$0.04 -$0.50 $113.1K
COMMON SHARES
Basic Shares Outstanding 46.11M shares 41.07M shares
Diluted Shares Outstanding 1.428M shares 41.07M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $250.3K $13.28M $14.59M
YoY Change -97.01% -31.0% 240.05%
Cash & Equivalents $250.3K $13.28M $14.59M
Short-Term Investments $0.00
Other Short-Term Assets $870.00 $1.639M $0.00
YoY Change -100.0% -81.26% -100.0%
Inventory $0.00 $6.494K $3.714K
Prepaid Expenses $872.00 $1.639M
Receivables $30.25K
Other Receivables $1.096M $845.9K $728.4K
Total Short-Term Assets $1.377M $16.17M $15.93M
YoY Change -95.55% -43.43% 32.98%
LONG-TERM ASSETS
Property, Plant & Equipment $1.205K $244.1K $283.9K
YoY Change -99.98% -95.74% 89.26%
Goodwill $2.124M $6.590M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.07M $12.95M $34.30M
YoY Change 26282.52%
Total Long-Term Assets $15.07M $13.21M $34.60M
YoY Change -6.55% -20.14% 162.95%
TOTAL ASSETS
Total Short-Term Assets $1.377M $16.17M $15.93M
Total Long-Term Assets $15.07M $13.21M $34.60M
Total Assets $16.45M $29.37M $50.54M
YoY Change -65.04% -34.89% 101.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.17K $3.305M $3.544M
YoY Change -89.62% 547.9% 213.61%
Accrued Expenses $0.00 $7.100K $13.34K
YoY Change -86.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.709M $16.53M $18.45M
YoY Change -50.36% 138.72% 478.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $5.530K $8.740K
YoY Change -70.87%
Total Long-Term Liabilities $5.530K $8.738K
YoY Change -70.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.709M $16.53M $18.45M
Total Long-Term Liabilities $5.530K $8.738K
Total Liabilities $5.709M $16.53M $18.46M
YoY Change -50.36% 138.8% 473.14%
SHAREHOLDERS EQUITY
Retained Earnings -$49.49M -$45.40M -$26.02M
YoY Change
Common Stock $184.00 $4.611K $4.608K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.74M $12.84M $32.08M
YoY Change
Total Liabilities & Shareholders Equity $16.45M $29.37M $50.54M
YoY Change -65.04% -34.89% 101.02%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$4.092M -$20.37M $5.222M
YoY Change 55.05% 534.72% -231.87%
Depreciation, Depletion And Amortization -$650.00 $19.39K $61.74K
YoY Change -100.12% -97.22% 517.4%
Cash From Operating Activities $107.9K $1.388M $9.088M
YoY Change -100.96% -137.27% -1752.33%
INVESTING ACTIVITIES
Capital Expenditures $130.00 $140.00 -$20.96K
YoY Change -100.35% -100.69% 4.8%
Acquisitions
YoY Change
Other Investing Activities -$12.27M $0.00 -$1.154M
YoY Change -1162.9% -100.0% 2785.72%
Cash From Investing Activities -$12.27M $140.00 -$1.175M
YoY Change -1198.67% -100.64% 1858.73%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 740.0
YoY Change -100.0% -99.33%
NET CHANGE
Cash From Operating Activities 107.9K 1.388M 9.088M
Cash From Investing Activities -12.27M 140.0 -1.175M
Cash From Financing Activities 0.000 740.0
Net Change In Cash -12.16M 1.388M 7.913M
YoY Change 19.83% -137.1% -1682.66%
FREE CASH FLOW
Cash From Operating Activities $107.9K $1.388M $9.088M
Capital Expenditures $130.00 $140.00 -$20.96K
Free Cash Flow $107.8K $1.388M $9.109M
YoY Change -100.96% -137.47% -1818.63%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-37513
dei Entity Registrant Name
EntityRegistrantName
CODE CHAIN NEW CONTINENT LIMITED
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-3709051
dei Entity Address Address Line1
EntityAddressAddressLine1
No 119 South Zhaojuesi Road 2nd Floor
dei Entity Address Address Line2
EntityAddressAddressLine2
Room 1 Chenghua District
dei Entity Address Address Line3
EntityAddressAddressLine3
Chengdu
dei Entity Address City Or Town
EntityAddressCityOrTown
Sichuan
dei Entity Address Country
EntityAddressCountry
CN
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
610047
dei City Area Code
CityAreaCode
+86
dei Local Phone Number
LocalPhoneNumber
028-84112941
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
46109617 shares
dei Security12b Title
Security12bTitle
Common Stock, par value $0.0001
dei Trading Symbol
TradingSymbol
CCNC
dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13283031 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14588330 usd
CY2022Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
845858 usd
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
728361 usd
CY2022Q2 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
391347 usd
CY2021Q4 us-gaap Public Utilities Inventory
PublicUtilitiesInventory
3714 usd
CY2022Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1639131 usd
CY2022Q2 us-gaap Assets Current
AssetsCurrent
16165861 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
15931353 usd
CY2021Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
610948 usd
CY2022Q2 us-gaap Public Utilities Inventory
PublicUtilitiesInventory
6494 usd
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
4611 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
4608 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
244094 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
283896 usd
CY2022Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
13740 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
22733 usd
CY2022Q2 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
12949328 usd
CY2021Q4 us-gaap Prepaid Expense Noncurrent
PrepaidExpenseNoncurrent
27706681 usd
CY2021Q4 us-gaap Goodwill
Goodwill
6590339 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
145 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
255 usd
CY2022Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
12949473 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
34297275 usd
CY2022Q2 us-gaap Assets
Assets
29373168 usd
CY2021Q4 us-gaap Assets
Assets
50535257 usd
CY2022Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
3304867 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
3543839 usd
CY2022Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
5076310 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
5005271 usd
CY2022Q2 us-gaap Due To Other Related Parties Classified Current
DueToOtherRelatedPartiesClassifiedCurrent
466407 usd
CY2021Q4 us-gaap Due To Other Related Parties Classified Current
DueToOtherRelatedPartiesClassifiedCurrent
466407 usd
CY2022Q2 ccnc Customer Deposits
CustomerDeposits
4699464 usd
CY2021Q4 ccnc Customer Deposits
CustomerDeposits
7171255 usd
CY2022Q2 ccnc Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
7098 usd
CY2021Q4 ccnc Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
13338 usd
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
2971979 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
2246418 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
16526125 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
18446528 usd
CY2022Q2 ccnc Operating Lease Liabilities Noncurrent
OperatingLeaseLiabilitiesNoncurrent
5530 usd
CY2021Q4 ccnc Operating Lease Liabilities Noncurrent
OperatingLeaseLiabilitiesNoncurrent
8738 usd
CY2022Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
5530 usd
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
8738 usd
CY2022Q2 us-gaap Liabilities
Liabilities
16531655 usd
CY2021Q4 us-gaap Liabilities
Liabilities
18455266 usd
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
46109617 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
46109617 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
46077110 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
46077110 shares
CY2022Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
74272259 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
83034373 usd
CY2022Q2 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
16403618 usd
CY2021Q4 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
25165728 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-45401397 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-26019119 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
369658 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
225857 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
12841513 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
32079991 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
29373168 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
50535257 usd
CY2021Q2 ccnc Revenue From Wuge Doorplates
RevenueFromWugeDoorplates
3495731 usd
ccnc Revenue From Wuge Doorplates
RevenueFromWugeDoorplates
7616615 usd
ccnc Revenue From Wuge Doorplates
RevenueFromWugeDoorplates
6876290 usd
CY2021Q2 us-gaap Revenues
Revenues
3495731 usd
us-gaap Revenues
Revenues
7616615 usd
us-gaap Revenues
Revenues
6876290 usd
CY2021Q2 ccnc Wuge Digital Door Signs
WugeDigitalDoorSigns
153893 usd
ccnc Wuge Digital Door Signs
WugeDigitalDoorSigns
5527950 usd
ccnc Wuge Digital Door Signs
WugeDigitalDoorSigns
158686 usd
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
153893 usd
us-gaap Cost Of Revenue
CostOfRevenue
5527950 usd
us-gaap Cost Of Revenue
CostOfRevenue
158686 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
3341838 usd
us-gaap Gross Profit
GrossProfit
2088665 usd
us-gaap Gross Profit
GrossProfit
6717604 usd
CY2022Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7485438 usd
CY2021Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9135385 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
8341973 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
26896267 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
12949329 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
12949329 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
20434767 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
9135385 usd
us-gaap Operating Expenses
OperatingExpenses
21291302 usd
us-gaap Operating Expenses
OperatingExpenses
26896267 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-20434767 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-5793547 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-19202637 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-20178663 usd
CY2022Q2 us-gaap Interest Income Other
InterestIncomeOther
33643 usd
CY2021Q2 us-gaap Interest Income Other
InterestIncomeOther
17623 usd
us-gaap Interest Income Other
InterestIncomeOther
65251 usd
us-gaap Interest Income Other
InterestIncomeOther
19362 usd
CY2022Q2 ccnc Interest Expenses
InterestExpenses
636 usd
CY2021Q2 ccnc Interest Expenses
InterestExpenses
-104 usd
ccnc Interest Expenses
InterestExpenses
935 usd
CY2022Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1465 usd
CY2021Q2 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1810962 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
70830 usd
us-gaap Net Income Loss
NetIncomeLoss
-29553783 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2563618 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1816443 usd
CY2022Q2 us-gaap Other Income
OtherIncome
31542 usd
CY2021Q2 us-gaap Other Income
OtherIncome
1828689 usd
us-gaap Other Income
OtherIncome
135146 usd
us-gaap Other Income
OtherIncome
1835805 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-20403225 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3964858 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-19067491 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18342858 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-35071 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-734913 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
314787 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-20368154 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-3229945 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-19382278 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-18342858 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
23571 usd
CY2021Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
20956 usd
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
-11234496 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-20368154 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-3208989 usd
us-gaap Net Income Loss
NetIncomeLoss
-19382278 usd
us-gaap Net Income Loss
NetIncomeLoss
-29553783 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest
114893 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest
28133 usd
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest
143801 usd
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToNoncontrollingInterest
-739444 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-20253261 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-3180856 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-19238477 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-30293227 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41065559 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34681765 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41065559 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
34681765 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.5
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.47
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.53
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.32
CY2022Q2 ccnc Earnings Per Share Available To Common Shareholders
EarningsPerShareAvailableToCommonShareholders
-0.5
CY2021Q2 ccnc Earnings Per Share Available To Common Shareholders
EarningsPerShareAvailableToCommonShareholders
-0.09
ccnc Earnings Per Share Available To Common Shareholders
EarningsPerShareAvailableToCommonShareholders
-0.47
ccnc Earnings Per Share Available To Common Shareholders
EarningsPerShareAvailableToCommonShareholders
-0.85
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
21912755 usd
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
6160000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
22539996 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
250223 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6820 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1211929 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
22539996 usd
ccnc Stock Issued During Period Value Issuance Of Common Stock For Cash
StockIssuedDuringPeriodValueIssuanceOfCommonStockForCash
16923850 usd
ccnc Cancellation Of Common Stock
CancellationOfCommonStock
-1615939 usd
ccnc Stock Issued During Period Value Foreign Currency Translation
StockIssuedDuringPeriodValueForeignCurrencyTranslation
-739444 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
38191053 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
32079991 usd
us-gaap Net Income Loss
NetIncomeLoss
-19382278 usd
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
7680000 usd
ccnc Cancellation Of Common Stock
CancellationOfCommonStock
-16442111 usd
us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
8762110 usd
ccnc Stock Issued During Period Value Foreign Currency Translation
StockIssuedDuringPeriodValueForeignCurrencyTranslation
143801 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
12841513 usd
us-gaap Net Income Loss
NetIncomeLoss
-19382278 usd
us-gaap Net Income Loss
NetIncomeLoss
-29553783 usd
us-gaap Depreciation
Depreciation
33839 usd
us-gaap Depreciation
Depreciation
706506 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
100 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
12949329 usd
ccnc Issuance Of Common Stock For Employee Compensation
IssuanceOfCommonStockForEmployeeCompensation
16923850 usd
ccnc Issuance Of Common Stock For Bonus
IssuanceOfCommonStockForBonus
2563618 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-11234496 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
6590339 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
1810323 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
419522 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-772 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-457499 usd
us-gaap Increase Decrease In Notes Receivable Related Parties Current
IncreaseDecreaseInNotesReceivableRelatedPartiesCurrent
-196621 usd
us-gaap Increase Decrease In Notes Receivable Related Parties Current
IncreaseDecreaseInNotesReceivableRelatedPartiesCurrent
266098 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3059 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
589361 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
70306 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
8041896 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
200245 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
43303 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-253170 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
65785 usd
ccnc Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
-2198487 usd
ccnc Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
5141680 usd
ccnc Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
502 usd
ccnc Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-3227 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
861864 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
207128 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1074693 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3333791 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
961706 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6820 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22795027 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-223786 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3368 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
255031 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1305299 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
18252675 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14588330 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
998717 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13283031 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19251392 usd
us-gaap Interest Paid Net
InterestPaidNet
935 usd
us-gaap Interest Paid Net
InterestPaidNet
7708 usd
ccnc Issuance Of Common Stock For Bonus One
IssuanceOfCommonStockForBonusOne
2563618 usd
ccnc Issuance Of Common Stock For Purchase Bitcoin Mining Machines
IssuanceOfCommonStockForPurchaseBitcoinMiningMachines
6160000 usd
ccnc Issuance Of Common Stock For Warrants Conversion
IssuanceOfCommonStockForWarrantsConversion
16923850 usd
us-gaap Stock Issued1
StockIssued1
7680000 usd
ccnc Cancellation Of Common Stocks
CancellationOfCommonStocks
16442111 usd
ccnc Cancellation Of Common Stocks
CancellationOfCommonStocks
1615939 usd
ccnc Bitcoin Revenue
BitcoinRevenue
1810323 usd
ccnc Initial Recognition Of Rightofuse Assets And Lease Liabilities
InitialRecognitionOfRightofuseAssetsAndLeaseLiabilities
12628 usd
CY2021Q1 ccnc Business Combination Description
BusinessCombinationDescription
Pursuant to the agreement, on March 31, 2021, CCNC sold all the issued and outstanding ordinary shares of Tongrong WFOE to the Buyer at a purchase price of $2.464.411 and caused 426, 369 shares of common stock of CCNC owned by the Payee to be cancelled.
ccnc Agreement Term
AgreementTerm
P20Y
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
706506 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
14600 usd
CY2022Q2 ccnc Less Interest
LessInterest
-1972 usd
CY2022Q2 ccnc Present Value Of Lease Liabilities
PresentValueOfLeaseLiabilities
12628 usd
ccnc Disposal Group Not Discontinued Operation Interest Expense
DisposalGroupNotDiscontinuedOperationInterestExpense
-7708 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Use of estimates and assumptions</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the unaudited condensed consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s unaudited condensed consolidated financial statements include the useful lives of intangible assets, deferred revenues and plant and equipment, impairment of long-lived assets, collectability of receivables, inventory valuation allowance, present value of lease liabilities and realization of deferred tax assets. Actual results could differ from these estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
369658 usd
CY2021 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
225857 usd
us-gaap Foreign Currency Translation Adjustment Description
ForeignCurrencyTranslationAdjustmentDescription
The shareholders’ equity accounts were stated at their historical rate. The average translation rates applied to statement of income accounts for the six months ended June 30, 2022 and 2021 were 6.48 RMB and 6.98 RMB, respectively. Cash flows are also translated at average translation rates for the periods, therefore, amounts reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheet.
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
4890734 usd
ccnc Disposal Group Not Discontinued Operation Cost Of Revenues Abstract Fuel Materials
DisposalGroupNotDiscontinuedOperationCostOfRevenuesAbstractFuelMaterials
4690388 usd
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
4690388 usd
us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
200346 usd
ccnc Disposal Group Including Discontinued Operation Selling Generaland Administrative Expenses
DisposalGroupIncludingDiscontinuedOperationSellingGeneralandAdministrativeExpenses
160254 usd
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.50 pure
CY2022Q2 ccnc Deposite Amount
DepositeAmount
7616615 usd
CY2021Q2 ccnc Revenues Wuge Digital Door Signs
RevenuesWugeDigitalDoorSigns
3495731 usd
ccnc Revenues Wuge Digital Door Signs
RevenuesWugeDigitalDoorSigns
7616615 usd
ccnc Revenues Wuge Digital Door Signs
RevenuesWugeDigitalDoorSigns
6876290 usd
CY2021Q2 ccnc Total Revenues
TotalRevenues
3495731 usd
ccnc Total Revenues
TotalRevenues
7616615 usd
ccnc Total Revenues
TotalRevenues
6876290 usd
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
160254 usd
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
40092 usd
ccnc Disposal Group Not Discontinued Operation Interest Income
DisposalGroupNotDiscontinuedOperationInterestIncome
75 usd
CY2022 us-gaap Impairment Charge On Reclassified Assets
ImpairmentChargeOnReclassifiedAssets
1160000 usd
us-gaap Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
2464411 usd
ccnc Cancellation Of Common Stock Shares
CancellationOfCommonStockShares
426369 shares
CY2022Q2 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
5.78
CY2022Q1 ccnc Variable Interest Entity Of Consolidated Carrying Amount Liabilities
VariableInterestEntityOfConsolidatedCarryingAmountLiabilities
14034817 usd
CY2021Q4 ccnc Variable Interest Entity Of Consolidated Carrying Amount Liabilities
VariableInterestEntityOfConsolidatedCarryingAmountLiabilities
15833781 usd
CY2022Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
9079348 shares
CY2021Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
10500000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4539674 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5250000 shares
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
824000 shares
us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
7200000 usd
CY2022Q2 ccnc Variable Interest Entity Of Consolidated Assets Current
VariableInterestEntityOfConsolidatedAssetsCurrent
17544124 usd
CY2021Q4 ccnc Variable Interest Entity Of Consolidated Assets Current
VariableInterestEntityOfConsolidatedAssetsCurrent
17258309 usd
CY2022Q2 ccnc Variable Interest Entity Consolidated Assets Property Plants And Equipment
VariableInterestEntityConsolidatedAssetsPropertyPlantsAndEquipment
244239 usd
CY2021Q4 ccnc Variable Interest Entity Consolidated Assets Property Plants And Equipment
VariableInterestEntityConsolidatedAssetsPropertyPlantsAndEquipment
284151 usd
CY2022Q2 ccnc Variable Interest Entity Of Consolidated Assets Noncurrent
VariableInterestEntityOfConsolidatedAssetsNoncurrent
287465 usd
CY2021Q4 ccnc Variable Interest Entity Of Consolidated Assets Noncurrent
VariableInterestEntityOfConsolidatedAssetsNoncurrent
1825048 usd
CY2021Q4 ccnc Variable Interest Entity Consolidated Assets Goodwill
VariableInterestEntityConsolidatedAssetsGoodwill
6590339 usd
CY2022Q2 ccnc Variable Interest Entity Of Consolidated Carrying Amount Assets
VariableInterestEntityOfConsolidatedCarryingAmountAssets
18075828 usd
CY2021Q4 ccnc Variable Interest Entity Of Consolidated Carrying Amount Assets
VariableInterestEntityOfConsolidatedCarryingAmountAssets
25957847 usd
CY2022Q2 ccnc Variable Interest Entity Of Consolidated Liabilities Current
VariableInterestEntityOfConsolidatedLiabilitiesCurrent
14029287 usd
CY2021Q4 ccnc Variable Interest Entity Of Consolidated Liabilities Current
VariableInterestEntityOfConsolidatedLiabilitiesCurrent
15825043 usd
CY2022Q2 ccnc Variable Interest Entity Of Consolidated Liabilities Noncurrent
VariableInterestEntityOfConsolidatedLiabilitiesNoncurrent
5530 usd
CY2021Q4 ccnc Variable Interest Entity Of Consolidated Liabilities Noncurrent
VariableInterestEntityOfConsolidatedLiabilitiesNoncurrent
8738 usd
CY2022Q2 ccnc Variable Interest Entity Of Consolidated Carrying Amount Liabilities
VariableInterestEntityOfConsolidatedCarryingAmountLiabilities
14034817 usd
CY2021Q4 ccnc Variable Interest Entity Of Consolidated Carrying Amount Liabilities
VariableInterestEntityOfConsolidatedCarryingAmountLiabilities
15833781 usd
CY2022Q2 ccnc Variable Interest Entity Of Consolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityOfConsolidatedCarryingAmountAssetsAndLiabilitiesNet
4041011 usd
CY2021Q4 ccnc Variable Interest Entity Of Consolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityOfConsolidatedCarryingAmountAssetsAndLiabilitiesNet
10124066 usd
CY2022Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
3242309 usd
CY2021Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
3202771 usd
CY2022Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
1510965 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
1622689 usd
CY2022Q1 ccnc Variable Interest Entity Of Other Payables Related Party
VariableInterestEntityOfOtherPayablesRelatedParty
3111588 usd
CY2021Q4 ccnc Variable Interest Entity Of Other Payables Related Party
VariableInterestEntityOfOtherPayablesRelatedParty
2841242 usd
CY2022Q1 ccnc Variable Interest Entity Of Consolidated Tax Payables
VariableInterestEntityOfConsolidatedTaxPayables
1457863 usd
CY2021Q4 ccnc Variable Interest Entity Of Consolidated Tax Payables
VariableInterestEntityOfConsolidatedTaxPayables
973748 usd
CY2022Q1 ccnc Customer Advance Current
CustomerAdvanceCurrent
4699464 usd
CY2021Q4 ccnc Customer Advance Current
CustomerAdvanceCurrent
7171255 usd
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
7098 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
13338 usd
CY2022Q1 ccnc Variable Interest Entity Of Consolidated Liabilities Current
VariableInterestEntityOfConsolidatedLiabilitiesCurrent
14029287 usd
CY2021Q4 ccnc Variable Interest Entity Of Consolidated Liabilities Current
VariableInterestEntityOfConsolidatedLiabilitiesCurrent
15825043 usd
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5530 usd
CY2021Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
8738 usd
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
6494 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
3714 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
6494 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
3714 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
334174 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
344143 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
90080 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
60247 usd
CY2022Q2 ccnc Property Plant And Equipments Net
PropertyPlantAndEquipmentsNet
244094 usd
CY2021Q4 ccnc Property Plant And Equipments Net
PropertyPlantAndEquipmentsNet
283896 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33839 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
746917 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
784584 usd
CY2022Q2 ccnc Finite Lived Intangible Assets Nets
FiniteLivedIntangibleAssetsNets
145 usd
CY2021Q4 ccnc Finite Lived Intangible Assets Nets
FiniteLivedIntangibleAssetsNets
255 usd
ccnc Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
100 usd
ccnc Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
100 usd
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
6590339 usd
CY2022Q2 us-gaap Goodwill Gross
GoodwillGross
6590339 usd
ccnc Name Of Related Party
NameOfRelatedParty
Total
CY2022Q2 ccnc Other Receivable Related Party
OtherReceivableRelatedParty
391347 usd
CY2021Q4 ccnc Other Receivable Related Party
OtherReceivableRelatedParty
610948 usd
ccnc Name Of Related Party
NameOfRelatedParty
Total
CY2022Q2 ccnc Other Payable Related Parties Current
OtherPayableRelatedPartiesCurrent
466407 usd
CY2021Q4 ccnc Other Payable Related Parties Current
OtherPayableRelatedPartiesCurrent
466407 usd
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
145699 usd
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
2749956 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
5191512 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2749956 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5191512 usd
CY2022Q2 ccnc Value Added Tax Taxes Payable
ValueAddedTaxTaxesPayable
-1457863 usd
CY2021Q4 ccnc Value Added Tax Taxes Payable
ValueAddedTaxTaxesPayable
-973748 usd
CY2022Q2 ccnc Income Taxes Payable
IncomeTaxesPayable
1514116 usd
CY2021Q4 ccnc Income Taxes Payable
IncomeTaxesPayable
1272670 usd
CY2022Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
2971979 usd
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
2246418 usd
CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
58000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
58000 usd
CY2022Q2 us-gaap Liability For Future Policy Benefits Interest Rate
LiabilityForFuturePolicyBenefitsInterestRate
0.0475 pure
CY2022Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y
us-gaap Payments For Rent
PaymentsForRent
10173 usd
us-gaap Payments For Rent
PaymentsForRent
66705 usd
CY2021Q4 ccnc Share Based Compensation Arrangement By Share Based Payment Award Warrant Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantOutstandingNumber
9079348 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4539674 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.75
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
8389 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5733 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
478 usd
ccnc Statutory Reserve Description
StatutoryReserveDescription
Makesi WFOE and Wuge are required to set aside at least 10% of their after-tax profits each year, if any, to fund certain statutory reserve funds until such reserve funds reach 50% of its registered capital.
CY2021Q1 us-gaap Significant Purchase Commitment Description
SignificantPurchaseCommitmentDescription
On February 23, 2021, the Company entered into an asset purchase agreement with Sichuan RiZhanYun Jisuan Co., Ltd. (the “Seller”), which was amended and restated on April 16, 2021, and further amended on May 28, 2021. Pursuant to the asset purchase agreement, the Company purchased a total of 10,000 Bitcoin mining machines (the “Assets”) for a total purchase price of RMB 40,000,000 or US$6,160,000 based on the exchange rate as of April 8, 2021 (the “Purchase Price”), payable in the form of 1,587,800 shares of common stock of the Company, valued at US$3.88 per share, which is the closing bid price of the common stock of the Company on the Nasdaq Stock Market on April 8, 2021. The Seller shall cause revenue and any other source of income from the operation of the Assets to be paid to the Company, payable in cryptocurrency to be deposited into a cryptocurrency wallet held by the Company on a daily basis. The Company shall issue to the Seller or its designees RMB 5,000,000 or US$770,000 worth of common stock of the Company (the “Bonus Shares”) if the Assets generate an average net profit per day/10,000 machines (the “Daily Profit”) on behalf of the Company during the one-year period from March 19, 2021 to March 19, 2022 (the “Valuation Period”) equals to RMB 200,000 or US$30,800 and if the Assets generate an average net profit per month/10,000 machines (the “Monthly Profit”) on behalf of the Company during the Valuation Period equals to RMB 6,000,000 or US$924,000. If the Daily Profit is more than RMB 200,000 or US$30,800 and the Monthly Profit is more than RMB 6,000,000 or US$924,000, the Company shall issue to the Seller or its designees additional shares of common stock in proportion to the amount that is in excess. If the Daily Profit is less than RMB 200,000 or US$30,800 or the Monthly Profit is less than RMB 6,000,000 or US$924,000, the Company shall not issue to the Seller or its designees any Bonus Shares and such month is deemed a “Re-evaluated Month”. At the end of the Valuation Period, the Monthly Profit of such Re-evaluated Month(s) shall be aggregated (the “Aggregate Profit”), and the Company shall issue RMB5,000,000 or US$770,000 worth of common stock of the Company for every RMB6,000,000 or US$924,000 in Aggregate Profit on a pro rata basis. Such Daily Profit and Monthly Profit shall be determined on a monthly basis on the first day of the next month. Such Bonus Shares and additional shares, when applicable, shall be issued on the fifteenth day of the next month.  For any month that has 28 days or 31 days, the Monthly Profit is calculated based on the actual number of days in the month. Notwithstanding the foregoing, no share pursuant to this Agreement shall be issued earlier than May 24, 2021 in any event. The total number of shares of common stock, including the Bonus Shares, issuable to the Seller or its designees pursuant to the Agreement shall in no event be more than 19.99% of the total shares issued and outstanding of Company as of the February 23, 2021, the date of the asset purchase agreement. On June 1, 2021, the Company issued to a designee of the Seller 2,513,294 shares of common stock, consisted of (i) the Purchase Price in the form of 1,587,800 shares of common stock and (ii) 925,494 Bonus Shares, valued at US$2.51 per share, which is the closing bid price of the common stock of the Company on the Nasdaq Stock Market on May 12, 2021, for meeting and exceeding the Daily Profit and Monthly Profit benchmark. On July 28, 2021, the Company entered into an asset purchase agreement with certain seller(the “Seller”) pursuant to which the Company agreed to purchase from the Seller digital currency mining machines for a total purchase price of RMB 106,388,672.43, or US$ 16,442,109.95 (based on the exchange rate between RMB and USD of 1: 6.4705 as of July 8, 2021), payable in the form of 7,647,493 shares of common stock of the Company(“CCNC Shares”). The CCNC Shares are valued at $2.15 per share. The Company plans to use the assets to further develop its digital currency mining operation. On February 23, 2022, the Company entered into a termination agreement (the “Termination Agreement) with the Seller to terminate the Asset Purchase Agreement and forfeit the transaction. The parties agreed that the CCNC Shares shall be cancelled within 15 business days from the date of the Termination Agreement. As previously disclosed in the report on Form 8-K filed by Code Chain New Continent Limited (the “Company”) on August 3, 2021, the Company entered into an asset purchase agreement (the “Asset Purchase Agreement”) with certain seller (the “Seller”) on July 28, 2021, pursuant to which the Company agreed to purchase from the Seller digital currency mining machines (the “Assets”) for a total purchase price of RMB 106,388,672.43, or US$ 16,442,109.95 (based on the exchange rate between RMB and USD of 1: 6.4705 as of July 8, 2021), payable in the form of 7,647,493 shares of common stock of the Company (the “CCNC Shares”). The CCNC Shares were valued at $2.15 per share. The CCNC Shares were issued to four assignees of the Seller on August 26, 2021. On February 23, 2022, the Company entered into a termination agreement (the “Termination Agreement) with the Seller to terminate the Asset Purchase Agreement and forfeit the transaction. The parties agreed that the CCNC Shares shall be cancelled within 15 business days from the date of the Termination Agreement. On April 14, 2022, the Company entered into a Share Purchase Agreement (“SPA”) with Shanghai Yuanma Food and Beverage Management Co., Ltd., a PRC company (“Yuan Ma”), and all the shareholders of Yuan Ma (“Yuanma Shareholders”). Yuanma Shareholders are Wei Xu, the Chief Executive Officer and Chairman of the Board of the Company, and Jiangsu Lingkong Network Joint Stock Co., Ltd., which is controlled by Wei Xu. Pursuant to the SPA, the Company agreed to issue an aggregate of 7,680,000 shares of common stock of the Company, valued at $1.00 per share, to the Yuanma Shareholders, in exchange for Yuanma Shareholders’ agreement to enter into and to cause Yuan Ma to enter into certain agreements (“VIE Agreements”) with Makesi IoT Technology (Shanghai) Co., Ltd.
CY2021Q1 ccnc Original Agreement Description
OriginalAgreementDescription
The Company shall issue to the Seller or its designees RMB 5,000,000 or US$770,000 worth of common stock of the Company (the “Bonus Shares”) if the Assets generate an average net profit per day/10,000 machines (the “Daily Profit”) on behalf of the Company during the one-year period from March 19, 2021 to March 19, 2022 (the “Valuation Period”) equals to RMB 200,000 or US$30,800 and if the Assets generate an average net profit per month/10,000 machines (the “Monthly Profit”) on behalf of the Company during the Valuation Period equals to RMB 6,000,000 or US$924,000. If the Daily Profit is more than RMB 200,000 or US$30,800 and the Monthly Profit is more than RMB 6,000,000 or US$924,000, the Company shall issue to the Seller or its designees additional shares of common stock in proportion to the amount that is in excess. If the Daily Profit is less than RMB 200,000 or US$30,800 or the Monthly Profit is less than RMB 6,000,000 or US$924,000, the Company shall not issue to the Seller or its designees any Bonus Shares and such month is deemed a “Re-evaluated Month”. At the end of the Valuation Period, the Monthly Profit of such Re-evaluated Month(s) shall be aggregated (the “Aggregate Profit”), and the Company shall issue RMB5,000,000 or US$770,000 worth of common stock of the Company for every RMB6,000,000 or US$924,000 in Aggregate Profit on a pro rata basis. Such Daily Profit and Monthly Profit shall be determined on a monthly basis on the first day of the next month. Such Bonus Shares and additional shares, when applicable, shall be issued on the fifteenth day of the next month.  For any month that has 28 days or 31 days, the Monthly Profit is calculated based on the actual number of days in the month. Notwithstanding the foregoing, no share pursuant to this Agreement shall be issued earlier than May 24, 2021 in any event. The total number of shares of common stock, including the Bonus Shares, issuable to the Seller or its designees pursuant to the Agreement shall in no event be more than 19.99% of the total shares issued and outstanding of Company as of the February 23, 2021, the date of the asset purchase agreement.
CY2021Q2 ccnc Bonus Shares
BonusShares
925494 shares
CY2021Q2 ccnc Bonus Shares Value Per Share
BonusSharesValuePerShare
2.51
CY2021Q3 us-gaap Significant Purchase Commitment Description
SignificantPurchaseCommitmentDescription
On July 28, 2021, the Company entered into an asset purchase agreement with certain seller(the “Seller”) pursuant to which the Company agreed to purchase from the Seller digital currency mining machines for a total purchase price of RMB 106,388,672.43, or US$ 16,442,109.95 (based on the exchange rate between RMB and USD of 1: 6.4705 as of July 8, 2021), payable in the form of 7,647,493 shares of common stock of the Company(“CCNC Shares”). The CCNC Shares are valued at $2.15 per share. The Company plans to use the assets to further develop its digital currency mining operation.
CY2021Q3 ccnc Total Purchase Price
TotalPurchasePrice
106388672.43 cny
CY2021Q3 ccnc Total Purchase Price
TotalPurchasePrice
16442109.95 usd
CY2021Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
2.15
ccnc Share Based Compensation Arrangement By Share Based Payment Award Warrants Outstanding Weighted Average Remaining Contractual Term Grants
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsOutstandingWeightedAverageRemainingContractualTermGrants
P2Y1M17D
CY2022Q2 ccnc Share Based Compensation Arrangement By Share Based Payment Award Warrant Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantOutstandingNumber
9079348 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
4539674 shares
CY2022Q2 ccnc Share Based Compensation Arrangement By Share Based Payment Award Warrants Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsWeightedAverageExercisePrice
5.75
ccnc Share Based Compensation Arrangement By Share Based Payment Award Warrants Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsOutstandingWeightedAverageRemainingContractualTerm
P0Y7M9D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
824000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
5
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P2Y1M17D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
824000 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
5
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P0Y7M9D
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
usd
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
usd
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
usd
CY2022Q2 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
usd
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
usd
ccnc Disposal Group Including Discontinued Operation Revenue Fuel Materials
DisposalGroupIncludingDiscontinuedOperationRevenueFuelMaterials
4890734 usd
ccnc Disposal Group Including Discontinued Operation Other Incomeexpense Net
DisposalGroupIncludingDiscontinuedOperationOtherIncomeexpenseNet
8 usd
ccnc Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Other Income Expense Net
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationOtherIncomeExpenseNet
-7625 usd
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
32467 usd
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
8896 usd
ccnc Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Netincome
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNETINCOME
23571 usd
CY2022Q2 us-gaap Goodwill
Goodwill
usd
CY2022Q2 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
usd
CY2021Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
usd
CY2022Q2 ccnc Revenue From Wuge Doorplates
RevenueFromWugeDoorplates
usd
CY2022Q2 ccnc Wuge Digital Door Signs
WugeDigitalDoorSigns
usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
usd
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
usd
ccnc Interest Expenses
InterestExpenses
usd
CY2022Q2 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
usd
CY2021Q2 us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
usd
us-gaap Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
usd
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41065559 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41065559 shares
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.47
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.50
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.00
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.32
CY2022Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
CY2021Q2 ccnc Earnings Per Share Available To Common Shareholders Diluted
EarningsPerShareAvailableToCommonShareholdersDiluted
-0.09
ccnc Earnings Per Share Available To Common Shareholders Diluted
EarningsPerShareAvailableToCommonShareholdersDiluted
-0.47
CY2022Q2 ccnc Earnings Per Share Available To Common Shareholders Diluted
EarningsPerShareAvailableToCommonShareholdersDiluted
-0.50
ccnc Earnings Per Share Available To Common Shareholders Diluted
EarningsPerShareAvailableToCommonShareholdersDiluted
0.85
ccnc Issuance Of Common Stock For Employee Compensation
IssuanceOfCommonStockForEmployeeCompensation
usd
ccnc Issuance Of Common Stock For Bonus
IssuanceOfCommonStockForBonus
usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
usd
us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
usd
us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
usd
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
ccnc Purchase Of Financial Products
PurchaseOfFinancialProducts
usd
ccnc Purchase Of Financial Products
PurchaseOfFinancialProducts
usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
ccnc Issuance Of Common Stock For Bonus One
IssuanceOfCommonStockForBonusOne
usd
ccnc Issuance Of Common Stock For Purchase Bitcoin Mining Machines
IssuanceOfCommonStockForPurchaseBitcoinMiningMachines
usd
ccnc Issuance Of Common Stock For Warrants Conversion
IssuanceOfCommonStockForWarrantsConversion
usd
ccnc Bitcoin Revenue
BitcoinRevenue
usd
ccnc Initial Recognition Of Rightofuse Assets And Lease Liabilities
InitialRecognitionOfRightofuseAssetsAndLeaseLiabilities
usd
CY2022Q2 ccnc Revenues Wuge Digital Door Signs
RevenuesWugeDigitalDoorSigns
usd
CY2022Q2 ccnc Trading And Others
TradingAndOthers
usd
CY2021Q2 ccnc Trading And Others
TradingAndOthers
usd
ccnc Trading And Others
TradingAndOthers
usd
ccnc Trading And Others
TradingAndOthers
usd
CY2022Q2 ccnc Total Revenues
TotalRevenues
usd
CY2022Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
usd
ccnc Disposal Of Company
DisposalOfCompany
usd
CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
usd
CY2022Q2 ccnc Deferred Tax Assets Bad Debt Allowance
DeferredTaxAssetsBadDebtAllowance
usd
CY2021Q4 ccnc Deferred Tax Assets Bad Debt Allowance
DeferredTaxAssetsBadDebtAllowance
usd
CY2022Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2022Q2 ccnc Other Taxes Payable
OtherTaxesPayable
usd
CY2021Q4 ccnc Other Taxes Payable
OtherTaxesPayable
usd
ccnc Share Based Compensation Arrangement By Share Based Payment Award Warrant Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantGrantsInPeriodGross
shares
ccnc Share Based Compensation Arrangement By Share Based Payment Award Warrant Exercisable Grants
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantExercisableGrants
shares
ccnc Share Based Compensation Arrangement By Share Based Payment Award Warrants Weighted Average Exercise Price Grants
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsWeightedAverageExercisePriceGrants
ccnc Share Based Compensation Arrangement By Share Based Payment Award Warrant Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantForfeituresInPeriod
shares
ccnc Share Based Compensation Arrangement By Share Based Payment Award Warrant Exercisable Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantExercisableForfeituresInPeriod
shares
ccnc Share Based Compensation Arrangement By Share Based Payment Award Warrants Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardWarrantsForfeituresInPeriodWeightedAverageExercisePrice
ccnc Stock Issued During Period Shares Stock Warrant Exercised
StockIssuedDuringPeriodSharesStockWarrantExercised
shares
ccnc Share Based Compensation Arrangement By Share Based Payment Award Exercisable Warrant Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardExercisableWarrantExercised
shares
ccnc Share Based Compensation Arrangements By Share Based Payment Award Warrant Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardWarrantExercisesInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
ccnc Disposal Group Including Discontinued Operation Revenue Fuel Materials
DisposalGroupIncludingDiscontinuedOperationRevenueFuelMaterials
usd
us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
usd
ccnc Disposal Group Not Discontinued Operation Cost Of Revenues Abstract Fuel Materials
DisposalGroupNotDiscontinuedOperationCostOfRevenuesAbstractFuelMaterials
usd
us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold
usd
us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
DisposalGroupIncludingDiscontinuedOperationGrossProfitLoss
usd
ccnc Disposal Group Including Discontinued Operation Selling Generaland Administrative Expenses
DisposalGroupIncludingDiscontinuedOperationSellingGeneralandAdministrativeExpenses
usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
usd
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
usd
ccnc Disposal Group Not Discontinued Operation Interest Income
DisposalGroupNotDiscontinuedOperationInterestIncome
usd
ccnc Disposal Group Not Discontinued Operation Interest Expense
DisposalGroupNotDiscontinuedOperationInterestExpense
usd
ccnc Disposal Group Including Discontinued Operation Investment Income
DisposalGroupIncludingDiscontinuedOperationInvestmentIncome
usd
ccnc Disposal Group Including Discontinued Operation Investment Income
DisposalGroupIncludingDiscontinuedOperationInvestmentIncome
usd
ccnc Disposal Group Including Discontinued Operation Other Incomeexpense Net
DisposalGroupIncludingDiscontinuedOperationOtherIncomeexpenseNet
usd
ccnc Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Other Income Expense Net
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationOtherIncomeExpenseNet
usd
us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
usd
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
usd
ccnc Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Netincome
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNETINCOME
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001641398
CY2022Q2 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
usd
CY2022Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q2 us-gaap Preferred Stock Value
PreferredStockValue
usd
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares

Files In Submission

Name View Source Status
0001213900-22-050044-index-headers.html Edgar Link pending
0001213900-22-050044-index.html Edgar Link pending
0001213900-22-050044.txt Edgar Link pending
0001213900-22-050044-xbrl.zip Edgar Link pending
ccnc-20220630.xsd Edgar Link pending
f10q0622ex31-1_codechain.htm Edgar Link pending
f10q0622ex31-2_codechain.htm Edgar Link pending
f10q0622ex32-1_codechain.htm Edgar Link pending
f10q0622ex32-2_codechain.htm Edgar Link pending
f10q0622_codechain.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
ccnc-20220630_cal.xml Edgar Link unprocessable
ccnc-20220630_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
ccnc-20220630_def.xml Edgar Link unprocessable
ccnc-20220630_lab.xml Edgar Link unprocessable
f10q0622_codechain_htm.xml Edgar Link completed
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending