2022 Q3 Form 10-Q Financial Statement
#000121390022050044 Filed on August 22, 2022
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
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10-Q | ||
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true | ||
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2022-06-30 | ||
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2022 | ||
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001-37513 | ||
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CODE CHAIN NEW CONTINENT LIMITED | ||
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NV | ||
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47-3709051 | ||
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No 119 South Zhaojuesi Road 2nd Floor | ||
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Room 1 Chenghua District | ||
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Chengdu | ||
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Sichuan | ||
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CN | ||
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+86 | ||
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028-84112941 | ||
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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 |