2022 Q4 Form 10-Q Financial Statement

#000121390022072196 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $19.13M $21.79M $23.08M
YoY Change -16.59% -5.62% 39.74%
Cost Of Revenue $15.32M $16.97M $17.99M
YoY Change -20.43% -5.63% 37.1%
Gross Profit $3.815M $4.812M $5.097M
YoY Change 3.49% -5.59% 49.92%
Gross Profit Margin 19.94% 22.09% 22.08%
Selling, General & Admin $2.373M $1.714M $1.454M
YoY Change 86.06% 17.92% 146.36%
% of Gross Profit 62.2% 35.62% 28.52%
Research & Development $2.818M $1.023M $1.372M
YoY Change 28.72% -25.42% 145.04%
% of Gross Profit 73.87% 21.27% 26.92%
Depreciation & Amortization $586.6K $635.9K $625.9K
YoY Change -8.03% 1.59% 6.09%
% of Gross Profit 15.38% 13.21% 12.28%
Operating Expenses $5.511M $2.738M $3.046M
YoY Change 45.23% -10.12% 162.57%
Operating Profit -$1.696M $2.075M $2.052M
YoY Change 1466.43% 1.13% -8.41%
Interest Expense -$58.75K $126.0K -$101.8K
YoY Change 137.09% -223.79% -36.39%
% of Operating Profit 6.07% -4.96%
Other Income/Expense, Net $286.9K $655.8K $231.5K
YoY Change -47.74% 183.34% -118.23%
Pretax Income -$1.469M $2.617M $2.181M
YoY Change -451.57% 19.98% 169.3%
Income Tax -$693.0K $518.9K $927.8K
% Of Pretax Income 19.83% 42.53%
Net Earnings -$992.7K $1.278M $1.028M
YoY Change -402.74% 24.27% 389.69%
Net Earnings / Revenue -5.19% 5.87% 4.45%
Basic Earnings Per Share $0.10 $0.09
Diluted Earnings Per Share -$0.08 $0.10 $90.43K
COMMON SHARES
Basic Shares Outstanding 12.58M shares 12.58M shares 11.33M shares
Diluted Shares Outstanding 12.22M shares 11.33M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.10M $23.55M $9.521M
YoY Change 82.98% 147.35% -8.45%
Cash & Equivalents $16.30M $11.31M $9.021M
Short-Term Investments $7.801M $12.24M $500.0K
Other Short-Term Assets $1.569M $96.32K $6.937M
YoY Change 10705.12% -98.61% 593.72%
Inventory $23.10M $21.88M $20.61M
Prepaid Expenses
Receivables $14.34M $18.34M $21.32M
Other Receivables $65.42M $67.07M $76.05M
Total Short-Term Assets $132.4M $135.3M $134.4M
YoY Change -4.98% 0.67% 125.2%
LONG-TERM ASSETS
Property, Plant & Equipment $15.59M $15.50M $19.40M
YoY Change -17.79% -20.09% -2.5%
Goodwill $3.890K
YoY Change
Intangibles
YoY Change
Long-Term Investments $250.0K
YoY Change
Other Assets $283.1K $242.9K $4.210M
YoY Change 542.09% -94.23% -4.31%
Total Long-Term Assets $22.75M $22.33M $23.62M
YoY Change -2.2% -5.43% -61.6%
TOTAL ASSETS
Total Short-Term Assets $132.4M $135.3M $134.4M
Total Long-Term Assets $22.75M $22.33M $23.62M
Total Assets $155.1M $157.7M $158.1M
YoY Change -4.58% -0.24% 30.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.82M $23.95M $28.29M
YoY Change -14.61% -15.32% 30.96%
Accrued Expenses $569.3K $605.5K $147.4K
YoY Change -41.91% 310.67% -50.85%
Deferred Revenue $227.4K $196.1K
YoY Change -41.37%
Short-Term Debt $8.986M $8.716M $51.55M
YoY Change 2.57% -83.09% 33.55%
Long-Term Debt Due $390.3K
YoY Change -44.24%
Total Short-Term Liabilities $66.21M $70.26M $89.34M
YoY Change -22.53% -21.36% 33.55%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $3.989M $4.122M $2.240M
YoY Change 76.46% 84.06% -2.63%
Total Long-Term Liabilities $3.989M $4.122M $0.00
YoY Change 76.46% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.21M $70.26M $89.34M
Total Long-Term Liabilities $3.989M $4.122M $0.00
Total Liabilities $70.20M $74.38M $98.47M
YoY Change -19.98% -24.46% 25.29%
SHAREHOLDERS EQUITY
Retained Earnings $37.23M $38.22M
YoY Change 10.57%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $71.20M $70.59M $59.58M
YoY Change
Total Liabilities & Shareholders Equity $155.1M $157.7M $158.1M
YoY Change -4.58% -0.24% 30.41%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$992.7K $1.278M $1.028M
YoY Change -402.74% 24.27% 389.69%
Depreciation, Depletion And Amortization $586.6K $635.9K $625.9K
YoY Change -8.03% 1.59% 6.09%
Cash From Operating Activities $13.43M -$4.456M -$5.086M
YoY Change 12284.3% -12.38% 93.38%
INVESTING ACTIVITIES
Capital Expenditures $170.0K $230.0K $420.0K
YoY Change 325.0% -45.24%
Acquisitions
YoY Change
Other Investing Activities -$322.4K $178.0K -$382.4K
YoY Change -789.18% -146.54% -2011.9%
Cash From Investing Activities -$322.4K $178.0K -$382.4K
YoY Change -789.18% -146.54% -2011.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.246M 11.75M 600.2K
YoY Change -559.65% 1857.02% -88.59%
NET CHANGE
Cash From Operating Activities 13.43M -4.456M -5.086M
Cash From Investing Activities -322.4K 178.0K -382.4K
Cash From Financing Activities -8.246M 11.75M 600.2K
Net Change In Cash 4.867M 7.468M -4.868M
YoY Change 149.68% -253.4% -283.71%
FREE CASH FLOW
Cash From Operating Activities $13.43M -$4.456M -$5.086M
Capital Expenditures $170.0K $230.0K $420.0K
Free Cash Flow $13.26M -$4.686M -$5.506M
YoY Change 19269.87% -14.89% 109.35%

Facts In Submission

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gtec Unrealized Foreign Currency Translation Incomeloss Attributable To Greenland Technologies Holding
UnrealizedForeignCurrencyTranslationIncomelossAttributableToGreenlandTechnologiesHolding
-5446475 usd
gtec Unrealized Foreign Currency Translation Incomeloss Attributable To Greenland Technologies Holding
UnrealizedForeignCurrencyTranslationIncomelossAttributableToGreenlandTechnologiesHolding
-31313 usd
CY2022Q3 gtec Unrealized Foreign Currency Translation Income Attributable To Noncontrolling Interest
UnrealizedForeignCurrencyTranslationIncomeAttributableToNoncontrollingInterest
-1577604 usd
CY2021Q3 gtec Unrealized Foreign Currency Translation Income Attributable To Noncontrolling Interest
UnrealizedForeignCurrencyTranslationIncomeAttributableToNoncontrollingInterest
-171821 usd
gtec Unrealized Foreign Currency Translation Income Attributable To Noncontrolling Interest
UnrealizedForeignCurrencyTranslationIncomeAttributableToNoncontrollingInterest
-2807188 usd
gtec Unrealized Foreign Currency Translation Income Attributable To Noncontrolling Interest
UnrealizedForeignCurrencyTranslationIncomeAttributableToNoncontrollingInterest
1532 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1696553 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
594654 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-894195 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5906356 usd
CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-757375 usd
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
53360 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
32949 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
912954 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12222387 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11329530 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11628243 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10715132 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.1
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.55
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50661462 usd
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
51000 usd
CY2021Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1858841 usd
CY2021Q1 us-gaap Profit Loss
ProfitLoss
2443239 usd
CY2021Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-258229 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
54756313 usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
6366256 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
3152323 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
833963 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
65108855 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
1253529 usd
CY2021Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
114224 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
66476608 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
74844666 usd
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
77069 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
2914798 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
373910 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
78210443 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
2379426 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4075452 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
76514417 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9119494 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
2098193 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-4441025 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
83291079 usd
us-gaap Profit Loss
ProfitLoss
7392417 usd
us-gaap Profit Loss
ProfitLoss
6849091 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1849467 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1874166 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-695 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-959 usd
gtec Increase In Allowance For Doubtful Accounts
IncreaseInAllowanceForDoubtfulAccounts
-4967 usd
gtec Increase In Provision For Inventory
IncreaseInProvisionForInventory
22846 usd
gtec Deferred Tax Asset
DeferredTaxAsset
2023 usd
us-gaap Share Based Compensation
ShareBasedCompensation
66200 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4385421 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8723305 usd
us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
-2179528 usd
us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
5813094 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1342340 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5015669 usd
gtec Advance To Suppliers Cost
AdvanceToSuppliersCost
-307852 usd
gtec Advance To Suppliers Cost
AdvanceToSuppliersCost
245300 usd
gtec Increase Decrease Other Current And Noncurrent Assets
IncreaseDecreaseOtherCurrentAndNoncurrentAssets
-11399931 usd
gtec Increase Decrease Other Current And Noncurrent Assets
IncreaseDecreaseOtherCurrentAndNoncurrentAssets
78818 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2231682 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
5982220 usd
gtec Customer Deposit
CustomerDeposit
-162262 usd
gtec Customer Deposit
CustomerDeposit
-34905 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
776504 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-559803 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-103755 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
21435 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-319062 usd
gtec Longterm Payablesunamortized Deferred Financing Cost
LongtermPayablesunamortizedDeferredFinancingCost
-190033 usd
gtec Longterm Payablesunamortized Deferred Financing Cost
LongtermPayablesunamortizedDeferredFinancingCost
-196662 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-884806 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-685761 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
10848438 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
8632927 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-300700 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6121235 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5864423 usd
us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
363543 usd
us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
852269 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
719628 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
166508 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
356085 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
9918787 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
18652874 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-4279261 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
16349406 usd
gtec Proceeds From Related Parties
ProceedsFromRelatedParties
210942 usd
gtec Proceeds From Related Parties
ProceedsFromRelatedParties
418856 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-1908456 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-1747808 usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
309449 usd
gtec Proceeds From Third Parties
ProceedsFromThirdParties
154725 usd
gtec Payment Of Principal On Financing Lease Obligation
PaymentOfPrincipalOnFinancingLeaseObligation
188341 usd
gtec Payment Of Principal On Financing Lease Obligation
PaymentOfPrincipalOnFinancingLeaseObligation
386572 usd
gtec Proceeds From Equity And Debt Finaning
ProceedsFromEquityAndDebtFinaning
9196563 usd
gtec Proceeds From Equity And Debt Finaning
ProceedsFromEquityAndDebtFinaning
8209897 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3961098 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12669108 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1804052 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
6118924 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-969309 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
134379 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17800892 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9403053 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15027531 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15656356 usd
gtec Bank Balances And Cash
BankBalancesAndCash
11306600 usd
gtec Bank Balances And Cash
BankBalancesAndCash
9020787 usd
gtec Bank Balances And Cash Included In Assets Classified As Restricted Cash
BankBalancesAndCashIncludedInAssetsClassifiedAsRestrictedCash
3720931 usd
gtec Bank Balances And Cash Included In Assets Classified As Restricted Cash
BankBalancesAndCashIncludedInAssetsClassifiedAsRestrictedCash
6635569 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
615632 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1168461 usd
us-gaap Interest Paid Net
InterestPaidNet
320526 usd
us-gaap Interest Paid Net
InterestPaidNet
533027 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
75900000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
71700000 usd
gtec Transmission Product Sale Of Sets
TransmissionProductSaleOfSets
102144 pure
gtec Transmission Product Sale Of Sets
TransmissionProductSaleOfSets
110082 pure
gtec Electric Industrial Vehicles Description
ElectricIndustrialVehiclesDescription
These products have become available for purchase in the United States (“U.S.”) market. In July 2022, Greenland launched its new GEL-5000 all-electric 5.0 ton rated load lithium wheeled front loader. In August 2022, Greenland launched a 54,000 square foot industrial electric vehicle assembly site in Baltimore, Maryland to support local services, assembly and distribution of its electric industrial heavy equipment product line.
gtec Percentage Of Outstanding Ordinary Shares
PercentageOfOutstandingOrdinaryShares
0.5352 pure
gtec Voting Power Percentage
VotingPowerPercentage
0.50 pure
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the 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 disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. Actual results could differ from those estimates. Significant estimates in the nine months ended September 30, 2022 and 2021 include allowance for doubtful accounts, reserve for inventories, useful life of property, plant and equipment, assumptions used in assessing impairment of long-term assets and valuation of deferred tax assets and accruals for taxes due.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
7.1135 pure
CY2021Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
6.4434 pure
CY2022Q3 us-gaap Derivative Average Forward Exchange Rate1
DerivativeAverageForwardExchangeRate1
6.6369 pure
CY2021Q3 us-gaap Derivative Average Forward Exchange Rate1
DerivativeAverageForwardExchangeRate1
6.4631 pure
CY2022Q3 gtec Allowance Of Doubtful Accounts
AllowanceOfDoubtfulAccounts
770000 usd
CY2021Q4 gtec Allowance Of Doubtful Accounts
AllowanceOfDoubtfulAccounts
860000 usd
CY2022Q3 gtec Advance To Supplier
AdvanceToSupplier
680000 usd
CY2021Q4 gtec Advance To Supplier
AdvanceToSupplier
430000 usd
gtec Straightline Method Lease Term
StraightlineMethodLeaseTerm
P50Y
gtec Implicit Interest Rate
ImplicitInterestRate
0.05 pure
gtec Accounting For Around Percentage
AccountingForAroundPercentage
0.0007 pure
gtec Total Revenue Of Greenland
TotalRevenueOfGreenland
0.0011 pure
CY2022Q3 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
21786862 usd
CY2021Q3 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
23084793 usd
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
71696324 usd
us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
75899994 usd
CY2022Q3 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
11738244 usd
CY2022Q3 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
83500000 cny
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1023443 usd
CY2021Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1372215 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2968572 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3337056 usd
CY2022Q3 us-gaap Other Long Term Debt
OtherLongTermDebt
1830000 usd
CY2021Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
2210000 usd
us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.50 pure
gtec Owned Foreign Enterprise Percentage
OwnedForeignEnterprisePercentage
0.10 pure
gtec Registered Capital Percentage
RegisteredCapitalPercentage
0.50 pure
us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.10 pure
CY2022Q3 us-gaap Short Term Investments
ShortTermInvestments
12243140 usd
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
2105938 usd
CY2022Q3 us-gaap Other Short Term Investments
OtherShortTermInvestments
500000 usd
CY2022Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
11743140 usd
CY2022Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
83534823 cny
CY2022Q3 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
19118808 usd
CY2021Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
16774321 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
774452 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
859319 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
18344356 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
15915002 usd
gtec Schedule Of Allowance For Doubtful Accounts
ScheduleOfAllowanceForDoubtfulAccounts
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">As of,</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>September 30,<br/> 2022</b></p></td><td style="text-align: center; padding-bottom: 1.5pt"> </td><td style="text-align: center; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>December 31,<br/> 2021</b></p></td><td style="text-align: center; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Beginning balance</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">859,319</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">986,532</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">(Reversal of) Provision for doubtful accounts</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,967</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(149,172</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Effect of FX change</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(89,834</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">21,959</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt">Ending balance</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">774,452</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">859,319</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table>
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
859319 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
986532 usd
gtec Additional Provision For Doubtful Accounts
AdditionalProvisionForDoubtfulAccounts
4967 usd
CY2021 gtec Additional Provision For Doubtful Accounts
AdditionalProvisionForDoubtfulAccounts
-149172 usd
gtec Effect Of Fx Change
EffectOfFXChange
-89834 usd
CY2021 gtec Effect Of Fx Change
EffectOfFXChange
21959 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
774452 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
859319 usd
CY2022Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
7835115 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
9789196 usd
CY2022Q3 gtec Revolving Materials
RevolvingMaterials
-1057572 usd
CY2021Q4 gtec Revolving Materials
RevolvingMaterials
-1078292 usd
CY2022Q3 gtec Consigned Processing Materials
ConsignedProcessingMaterials
-9828 usd
CY2021Q4 gtec Consigned Processing Materials
ConsignedProcessingMaterials
-67706 usd
CY2022Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
2376709 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2620821 usd
CY2022Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
10605624 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
12271252 usd
CY2021Q4 us-gaap Inventory Adjustments
InventoryAdjustments
-23793 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
21884848 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
25803474 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
23793 usd
gtec Inventory Writedowns
InventoryWritedowns
22846 usd
CY2021 gtec Inventory Writedowns
InventoryWritedowns
-23536 usd
gtec Inventory Effect Of Fx Change
InventoryEffectOfFXChange
947 usd
CY2021 gtec Inventory Effect Of Fx Change
InventoryEffectOfFXChange
-257 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
23793 usd
gtec Schedual Of Notes Receivable
SchedualOfNotesReceivable
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">As of</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">September 30,<br/> 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">December 31,<br/> 2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Bank notes receivable:</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">29,245,250</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">36,075,366</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Commercial notes receivable</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,361,268</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,475,755</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 4pt">Total</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">31,606,518</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">37,551,121</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022Q3 gtec Bank Notes Receivable
BankNotesReceivable
29245250 usd
CY2021Q4 gtec Bank Notes Receivable
BankNotesReceivable
36075366 usd
CY2022Q3 gtec Commercial Note Receivable
CommercialNoteReceivable
2361268 usd
CY2021Q4 gtec Commercial Note Receivable
CommercialNoteReceivable
1475755 usd
CY2022Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
31606518 usd
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
37551121 usd
CY2022Q3 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
21570000 usd
CY2022Q3 us-gaap Security Deposit
SecurityDeposit
20510000 usd
CY2021Q4 us-gaap Notes Receivable Related Parties
NotesReceivableRelatedParties
28140000 usd
CY2021Q4 us-gaap Security Deposit
SecurityDeposit
24890000 usd
CY2022Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
11423025 usd
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
12751105 usd
CY2022Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
20144114 usd
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
21930452 usd
CY2022Q3 gtec Motor Vehicles
MotorVehicles
306108 usd
CY2021Q4 gtec Motor Vehicles
MotorVehicles
341697 usd
CY2022Q3 gtec Electronic Equipment
ElectronicEquipment
209940 usd
CY2021Q4 gtec Electronic Equipment
ElectronicEquipment
206122 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
32083187 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
35229376 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16663779 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16679022 usd
CY2022Q3 gtec Property Plants And Equipment Net
PropertyPlantsAndEquipmentNet
15419408 usd
CY2021Q4 gtec Less Accumulated Amortization
LessAccumulatedAmortization
792753 usd
CY2022Q3 gtec Land Use Rights Net
LandUseRightsNet
3550039 usd
CY2021Q4 gtec Land Use Rights Net
LandUseRightsNet
4035198 usd
CY2022Q3 gtec Land Use Rights Assets Net
LandUseRightsAssetsNet
3550000 usd
CY2021Q4 gtec Property Plants And Equipment Net
PropertyPlantsAndEquipmentNet
18550354 usd
CY2022Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
84347 usd
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
407199 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15503755 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18957553 usd
us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
1250000 usd
CY2022Q3 gtec Construction In Progress Fixed Assets
ConstructionInProgressFixedAssets
0.3 usd
CY2022Q3 gtec Buildings Net
BuildingsNet
9136858 usd
CY2021Q4 gtec Buildings Net
BuildingsNet
11314916 usd
CY2021Q4 gtec Machiner Net
MachinerNet
2201707 usd
CY2022Q3 gtec Restricted Assets Total
RestrictedAssetsTotal
9136858 usd
CY2021Q4 gtec Restricted Assets Total
RestrictedAssetsTotal
13516623 usd
CY2022Q3 gtec Ownershipof Buildings For Net Book Value
OwnershipofBuildingsForNetBookValue
65000000 cny
CY2022Q3 gtec Ownershipof Buildings For Net Book Value
OwnershipofBuildingsForNetBookValue
9140000 usd
CY2022Q3 gtec Loan Facility With Maximum Exposure
LoanFacilityWithMaximumExposure
167730000 cny
CY2019Q1 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
3080000.00 usd
CY2019Q1 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
21250000 cny
CY2019Q1 gtec Initial Term
InitialTerm
P3Y
CY2019Q2 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
2120000 usd
CY2019Q2 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
14660000 cny
CY2019Q2 gtec Initial Term
InitialTerm
P2Y
CY2020Q2 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
1420000 usd
CY2020Q2 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
10000000 cny
CY2020Q2 gtec Initial Term
InitialTerm
P2Y
gtec Schedule Of Land Use Rights
ScheduleOfLandUseRights
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">As of</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">September 30,<br/> 2022</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31,<br/> 2021</td><td style="text-align: center; padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Land use rights, cost</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">4,325,101</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">4,827,951</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Less: Accumulated amortization</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(775,062</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(792,753</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt">Land use rights, net</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,550,039</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">4,035,198</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
CY2022Q3 gtec Land Use Rights Cost
LandUseRightsCost
4325101 usd
CY2021Q4 gtec Land Use Rights Cost
LandUseRightsCost
4827951 usd
CY2022Q3 gtec Less Accumulated Amortization
LessAccumulatedAmortization
775062 usd
CY2021Q4 gtec Land Use Rights Assets Net
LandUseRightsAssetsNet
4040000.00 usd
CY2022Q3 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year One
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearOne
92714 usd
CY2022Q3 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Two
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearTwo
92714 usd
CY2022Q3 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Three
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearThree
92714 usd
CY2022Q3 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Four
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearFour
92714 usd
CY2022Q3 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Five
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearFive
92714 usd
CY2022Q3 gtec Present Value Of Future Insurance Profits Amortization Expense Thereafter
PresentValueOfFutureInsuranceProfitsAmortizationExpenseThereafter
3086469 usd
CY2022Q3 gtec Present Values Of Future Insurance Profits Amortization Expense
PresentValuesOfFutureInsuranceProfitsAmortizationExpense
3550039 usd
CY2022Q3 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
33716344 usd
CY2021Q4 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
42093061 usd
CY2022Q3 us-gaap Notes Payable To Bank
NotesPayableToBank
33716344 usd
CY2021Q4 us-gaap Notes Payable To Bank
NotesPayableToBank
42093061 usd
CY2022Q3 gtec Restricted Cash And Cash Equivalents Value
RestrictedCashAndCashEquivalentsValue
3720000 usd
CY2021Q4 gtec Restricted Cash And Cash Equivalents Value
RestrictedCashAndCashEquivalentsValue
6740000 usd
CY2022Q3 gtec Note Receivable Date Of Issuance
NoteReceivableDateOfIssuance
21570000 usd
CY2021Q4 gtec Note Receivable Date Of Issuance
NoteReceivableDateOfIssuance
28140000 usd
CY2022Q3 gtec Land Use Right
LandUseRight
3550000 usd
CY2021Q4 gtec Land Use Right
LandUseRight
4040000.00 usd
gtec Percentage Of Bank Charges
PercentageOfBankCharges
0.0005 pure
CY2022Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
23954824 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
29064132 usd
CY2022Q3 gtec Collateralized Bank Loans
CollateralizedBankLoans
7310044 usd
CY2021Q4 gtec Collateralized Bank Loans
CollateralizedBankLoans
7976336 usd
CY2022Q3 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
1405778 usd
CY2021Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
784609 usd
CY2022Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
8715822 usd
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
8760945 usd
us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
Total
CY2022Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
8715822 usd
CY2021 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
Total
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
8760945 usd
gtec Short Term Debt Loan
ShortTermDebtLoan
P1Y
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.042484 pure
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.045547 pure
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
31779 usd
CY2022Q3 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
143126 usd
CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
946678 usd
CY2022Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
1222877 usd
CY2022Q3 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
256359 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
219970 usd
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1622362 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1198427 usd
CY2022Q3 gtec Other Long Term Liability Debt Of Subsidy
OtherLongTermLiabilityDebtOfSubsidy
1828340 usd
CY2021Q4 gtec Other Long Term Liability Debt Of Subsidy
OtherLongTermLiabilityDebtOfSubsidy
2212938 usd
CY2022Q3 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
1828340 usd
CY2021Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
2212938 usd
gtec Grant Incomedecreased
GrantIncomedecreased
380000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
191129 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2835406 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
589784 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
590353 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
585087 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
602022 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
619551 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
157877 usd
CY2022Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3144674 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
197915 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
197915 usd
CY2019Q1 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
3080000.00 usd
CY2019Q1 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
21250000 cny
CY2019Q1 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P3Y
CY2019Q2 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
2120000 usd
CY2019Q2 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
14660000 cny
CY2019Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P2Y
CY2020Q2 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
1420000 usd
CY2020Q2 us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
10000000 cny
CY2020Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P2Y
us-gaap Common Stock Voting Rights
CommonStockVotingRights
Holders of the Company’s ordinary shares are entitled to one vote for each share.
CY2022Q3 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
12579530 shares
CY2021Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
12579530 shares
CY2022Q3 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
11329530 shares
CY2021Q4 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
11329530 shares
us-gaap Conversion Of Stock Description
ConversionOfStockDescription
In connection with the Business Combination, all the outstanding rights of the Company were converted into 468,200 ordinary shares on a one-tenth (1/10) ordinary share per right basis if holders of the rights elected to convert their rights into underlying ordinary shares. 
gtec Stockholders Equity Decription
StockholdersEquityDecription
On October 24, 2020, the Company’s board of directors held a meeting and executed resolutions to approve the issuance of 120,000 ordinary shares to Raymond Wang, the Company’s chief executive officer, to offset unpaid salary to him in the amount of $120,833.33 and the issuance of 135,000 ordinary shares to Jing Jin, the Company’s chief financial officer, to offset unpaid salary to him in the amount of $60,000 and his personal loan to the Company in the amount of $75,000. On November 10, 2020, the Company issued 135,000 ordinary shares to Jing Jin. On December 30, 2020 and February 8, 2021, the Company issued 69,000 and 51,000 ordinary shares to Raymond Wang, respectively. In February 2021, the Company issued 48,344 ordinary shares from the exercise of warrants by certain warrantholders. On March 4, 2021, the Company issued 132,000 ordinary shares to Chardan from the exercise of Chardan’s unit purchase option to purchase 120,000 units. On April 19, 2021, the Company issued 2,500 ordinary shares to each of Peter Zuguang Wang, Charles Athle Nelson, Everett Xiaolin Wang, Ming Zhao and Bo Shen. On April 20, 2021, the Company issued 2,700 ordinary shares to Xiaqing Yang. On June 30, 2021, the Company closed a firm commitment offering of 857,844 ordinary shares at $8.16 per share with gross proceeds of $7,000,007 under its effective shelf registration statement. On July 27, 2022, the Company closed a firm commitment offering of 1,250,000 ordinary shares at $4.17 per share with gross proceeds of $5,212,500 under its effective shelf registration statement. 
gtec Voting Rights Description
VotingRightsDescription
Rights — Each holder of a right was entitled to receive one-tenth (1/10) of one ordinary share upon consummation of the Business Combination.  
gtec Warrants Description
WarrantsDescription
the Public Warrants (together with the Private Warrants (as defined below), the “Warrants”), may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants. The Public Warrants have been exercisable since October 24, 2019. No Public Warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to such ordinary shares. Notwithstanding the foregoing, if a registration statement covering the ordinary shares issuable upon the exercise of the Public Warrants is not effective within 90 days from the consummation of a Business Combination, the holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise the Public Warrants on a cashless basis pursuant to an available exemption from registration under the Securities Act of 1933, as amended. If an exemption from registration is not available, holders will not be able to exercise their Public Warrants on a cashless basis. The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.
gtec Private Warrants Description
PrivateWarrantsDescription
Private warrants include (i) the 282,000 warrants underlying the units issued to the Sponsor and Chardan in a private placement in connection with our initial public offering (“Private Unit Warrants”), and (ii) 120,000 warrants held by Chardan upon the exercise of its unit purchase option to purchase 120,000 units in March 2021 (“Option Warrants,” together with Private Unit Warrants, the “Private Warrants”).
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4705312 shares
gtec Payment Of Cash
PaymentOfCash
100 usd
gtec Purchase Option Outstanding Units
PurchaseOptionOutstandingUnits
120000 shares
CY2022Q3 gtec Income Loss From Continuing Operation Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationIncludingPortionAttributableToNoncontrollingInterest
1277964 usd
CY2021Q3 gtec Income Loss From Continuing Operation Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationIncludingPortionAttributableToNoncontrollingInterest
1028348 usd
gtec Income Loss From Continuing Operation Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationIncludingPortionAttributableToNoncontrollingInterest
4552280 usd
gtec Income Loss From Continuing Operation Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationIncludingPortionAttributableToNoncontrollingInterest
5937669 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12222387 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11329530 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11628243 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10715132 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12222387 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11329530 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11628243 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10715132 shares
CY2022Q3 gtec Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.1
CY2021Q3 gtec Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.09
gtec Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.39
gtec Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
0.55
CY2022Q3 us-gaap Revenues
Revenues
21786862 usd
CY2021Q3 us-gaap Revenues
Revenues
23084793 usd
us-gaap Revenues
Revenues
71696324 usd
us-gaap Revenues
Revenues
75899994 usd
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.1585 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.2122 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2022Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 usd
CY2021Q1 gtec Settlement To Counter Party
SettlementToCounterParty
65000 usd
gtec Schedule Of Noncancellable Future Minimum Lease Payments Operating And Financing Leases
ScheduleOfNoncancellableFutureMinimumLeasePaymentsOperatingAndFinancingLeases
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"/><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Years ending September 30,</b></p></td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Amount</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left">2023</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">589,784</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">2024</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">590,353</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">585,087</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">602,022</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">619,551</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt">Thereafter</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">157,877</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 4pt">Total</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,144,674</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table>
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
589784 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
590353 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
585087 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
602022 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
619551 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
157877 usd
CY2022Q3 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
3144674 usd
gtec Due To Related Partie Current
DueToRelatedPartieCurrent
1594227 usd
CY2021 gtec Due To Related Partie Current
DueToRelatedPartieCurrent
3619459 usd
CY2022Q3 gtec Due From Related Partycurrent
DueFromRelatedPartycurrent
35462308 usd
CY2021Q4 gtec Due From Related Partycurrent
DueFromRelatedPartycurrent
39679565 usd
CY2022Q3 us-gaap Due From Other Related Parties Noncurrent
DueFromOtherRelatedPartiesNoncurrent
35350000 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
39460000 usd
gtec Withdraw Funds From Related Parties
WithdrawFundsFromRelatedParties
210942 usd
gtec Withdraw Funds From Related Parties
WithdrawFundsFromRelatedParties
418856 usd
gtec Deposit Funds With Related Parties
DepositFundsWithRelatedParties
1908456 usd
gtec Deposit Funds With Related Parties
DepositFundsWithRelatedParties
1747808 usd
CY2021Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
usd
CY2022Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
usd
CY2022Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
usd
CY2022Q3 us-gaap Long Term Loans Payable
LongTermLoansPayable
usd
CY2021Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
usd
CY2022Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2021 us-gaap Common Stock Shares Authorized Unlimited
CommonStockSharesAuthorizedUnlimited
Unlimited
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10715132 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11329530 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12222387 shares
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2021Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
usd
gtec Increase In Allowance For Doubtful Accounts
IncreaseInAllowanceForDoubtfulAccounts
usd
gtec Deferred Tax Asset
DeferredTaxAsset
usd
us-gaap Share Based Compensation
ShareBasedCompensation
usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
usd
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
usd
gtec Proceeds From Third Parties
ProceedsFromThirdParties
usd
CY2022Q3 us-gaap Inventory Adjustments
InventoryAdjustments
usd
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
usd
CY2022Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
usd
CY2022Q3 gtec Machiner Net
MachinerNet
usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
usd
CY2022Q3 us-gaap Dilutive Securities
DilutiveSecurities
usd
CY2021Q3 us-gaap Dilutive Securities
DilutiveSecurities
usd
us-gaap Dilutive Securities
DilutiveSecurities
usd
us-gaap Dilutive Securities
DilutiveSecurities
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001735041

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