2023 Q1 Form 10-K Financial Statement
#000121390023025456 Filed on March 31, 2023
Income Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
Revenue | $22.15M | $19.13M | $90.83M |
YoY Change | -24.42% | -16.59% | -8.1% |
Cost Of Revenue | $16.63M | $15.32M | $71.00M |
YoY Change | -27.52% | -20.43% | -10.41% |
Gross Profit | $5.523M | $3.815M | $19.83M |
YoY Change | -13.26% | 3.49% | 1.23% |
Gross Profit Margin | 24.94% | 19.94% | 21.84% |
Selling, General & Admin | $2.029M | $2.373M | $8.089M |
YoY Change | 21.56% | 86.06% | 67.24% |
% of Gross Profit | 36.74% | 62.2% | 40.78% |
Research & Development | $1.120M | $2.818M | $5.787M |
YoY Change | 3.45% | 28.72% | 4.71% |
% of Gross Profit | 20.28% | 73.87% | 29.18% |
Depreciation & Amortization | $542.7K | $586.6K | $2.436M |
YoY Change | -14.01% | -8.03% | -3.02% |
% of Gross Profit | 9.83% | 15.38% | 12.28% |
Operating Expenses | $3.149M | $5.511M | $13.88M |
YoY Change | 4.91% | 45.23% | 22.33% |
Operating Profit | $2.374M | -$1.696M | $5.959M |
YoY Change | -29.47% | 1466.43% | -27.78% |
Interest Expense | $66.49K | -$58.75K | $403.0K |
YoY Change | -171.92% | 137.09% | -177.65% |
% of Operating Profit | 2.8% | 6.76% | |
Other Income/Expense, Net | $417.4K | $286.9K | $1.706M |
YoY Change | 59.9% | -47.74% | 23.71% |
Pretax Income | $2.755M | -$1.469M | $7.316M |
YoY Change | -22.03% | -451.57% | -19.7% |
Income Tax | $296.9K | -$693.0K | $699.7K |
% Of Pretax Income | 10.77% | 9.56% | |
Net Earnings | $1.447M | -$992.7K | $3.560M |
YoY Change | -50.36% | -402.74% | -43.19% |
Net Earnings / Revenue | 6.53% | -5.19% | 3.92% |
Basic Earnings Per Share | $0.11 | $0.30 | |
Diluted Earnings Per Share | $0.11 | -$0.08 | $0.27 |
COMMON SHARES | |||
Basic Shares Outstanding | 12.98M shares | 12.58M shares | 11.89M shares |
Diluted Shares Outstanding | 12.98M shares | 11.89M shares |
Balance Sheet
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $21.37M | $24.10M | $24.10M |
YoY Change | 95.69% | 82.98% | 82.98% |
Cash & Equivalents | $15.40M | $16.30M | $16.30M |
Short-Term Investments | $5.969M | $7.801M | $7.801M |
Other Short-Term Assets | $611.6K | $1.569M | $5.415M |
YoY Change | -91.32% | 10705.12% | -24.67% |
Inventory | $22.50M | $23.10M | $23.10M |
Prepaid Expenses | |||
Receivables | $19.38M | $14.34M | $14.34M |
Other Receivables | $36.83M | $65.42M | $65.42M |
Total Short-Term Assets | $135.2M | $132.4M | $132.4M |
YoY Change | -4.11% | -4.98% | -4.98% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $15.17M | $15.59M | $18.21M |
YoY Change | -18.58% | -17.79% | -4.34% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $300.0K | $250.0K | $250.0K |
YoY Change | |||
Other Assets | $255.3K | $283.1K | $4.141M |
YoY Change | -94.63% | 542.09% | -1.88% |
Total Long-Term Assets | $22.26M | $22.75M | $22.75M |
YoY Change | -4.79% | -2.2% | -2.2% |
TOTAL ASSETS | |||
Total Short-Term Assets | $135.2M | $132.4M | $132.4M |
Total Long-Term Assets | $22.26M | $22.75M | $22.75M |
Total Assets | $157.4M | $155.1M | $155.1M |
YoY Change | -4.21% | -4.58% | -4.58% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $28.42M | $24.82M | $24.82M |
YoY Change | -11.89% | -14.61% | -14.61% |
Accrued Expenses | $861.2K | $569.3K | $1.931M |
YoY Change | 386.64% | -41.91% | 97.06% |
Deferred Revenue | $196.0K | $227.4K | |
YoY Change | -41.37% | ||
Short-Term Debt | $7.717M | $8.986M | $37.26M |
YoY Change | -83.55% | 2.57% | -27.05% |
Long-Term Debt Due | $0.00 | ||
YoY Change | -100.0% | ||
Total Short-Term Liabilities | $65.90M | $66.21M | $66.21M |
YoY Change | -21.48% | -22.53% | -22.53% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | $3.830M | $3.989M | $3.989M |
YoY Change | 74.17% | 76.46% | 76.46% |
Total Long-Term Liabilities | $3.830M | $3.989M | $3.989M |
YoY Change | 76.46% | 76.46% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $65.90M | $66.21M | $66.21M |
Total Long-Term Liabilities | $3.830M | $3.989M | $3.989M |
Total Liabilities | $69.73M | $70.20M | $83.92M |
YoY Change | -30.23% | -19.98% | -16.32% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $38.68M | $37.23M | |
YoY Change | 10.57% | ||
Common Stock | $0.00 | $0.00 | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $72.85M | $71.20M | $71.20M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $157.4M | $155.1M | $155.1M |
YoY Change | -4.21% | -4.58% | -4.58% |
Cashflow Statement
Concept | 2023 Q1 | 2022 Q4 | 2022 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.447M | -$992.7K | $3.560M |
YoY Change | -50.36% | -402.74% | -43.19% |
Depreciation, Depletion And Amortization | $542.7K | $586.6K | $2.436M |
YoY Change | -14.01% | -8.03% | -3.02% |
Cash From Operating Activities | $3.756M | $13.43M | $7.313M |
YoY Change | 197.87% | 12284.3% | -227.06% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $20.00K | $170.0K | $530.0K |
YoY Change | -80.0% | 325.0% | -40.45% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $195.2K | -$322.4K | $33.69K |
YoY Change | 19228.71% | -789.18% | -105.27% |
Cash From Investing Activities | $195.2K | -$322.4K | $33.69K |
YoY Change | 19228.32% | -789.18% | -105.27% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $438.4K | ||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$3.464M | -8.246M | -$4.284M |
YoY Change | -41.84% | -559.65% | -129.62% |
NET CHANGE | |||
Cash From Operating Activities | $3.756M | 13.43M | $7.313M |
Cash From Investing Activities | $195.2K | -322.4K | $33.69K |
Cash From Financing Activities | -$3.464M | -8.246M | -$4.284M |
Net Change In Cash | $487.0K | 4.867M | $3.062M |
YoY Change | -110.37% | 149.68% | -62.04% |
FREE CASH FLOW | |||
Cash From Operating Activities | $3.756M | $13.43M | $7.313M |
Capital Expenditures | $20.00K | $170.0K | $530.0K |
Free Cash Flow | $3.736M | $13.26M | $6.783M |
YoY Change | 221.81% | 19269.87% | -202.07% |
Facts In Submission
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Common Stock Value
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usd | |
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2022-12-31 | |
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2022 | |
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GREENLAND TECHNOLOGIES HOLDING CORPORATION | |
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D8 | |
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50 Millstone Road | |
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Building 400 Suite 130 | |
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East Windsor | |
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NJ | |
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08512 | |
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1 (888) | |
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Ordinary shares, no par value | |
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|
2630226 | usd |
CY2021 | us-gaap |
Selling Expense
SellingExpense
|
1868156 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5459020 | usd |
CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3948850 | usd |
CY2022 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5786946 | usd |
CY2021 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5526546 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
13876192 | usd |
CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
11343552 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5958542 | usd |
CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
8250068 | usd |
CY2022 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
56817 | usd |
CY2021 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
68295 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
402968 | usd |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
587264 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-1511 | usd |
CY2021 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
1785 | usd |
CY2022 | gtec |
Other Operating Income Loss
OtherOperatingIncomeLoss
|
1705506 | usd |
CY2021 | gtec |
Other Operating Income Loss
OtherOperatingIncomeLoss
|
1378597 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
7316386 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
9111481 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
699691 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1843260 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
6616695 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
7268221 | usd |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
3057130 | usd |
CY2021 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1002643 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3559565 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6265578 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-5740161 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1476710 | usd |
CY2022 | gtec |
Unrealized Foreign Currency Translation Incomeloss Attributable To Greenland Technologies Holdin
UnrealizedForeignCurrencyTranslationIncomelossAttributableToGreenlandTechnologiesHoldin
|
-3845818 | usd |
CY2021 | gtec |
Unrealized Foreign Currency Translation Incomeloss Attributable To Greenland Technologies Holdin
UnrealizedForeignCurrencyTranslationIncomelossAttributableToGreenlandTechnologiesHoldin
|
1077324 | usd |
CY2022 | gtec |
Unrealized Foreign Currency Translation Income Attributable To Noncontrolling Interest
UnrealizedForeignCurrencyTranslationIncomeAttributableToNoncontrollingInterest
|
-1894343 | usd |
CY2021 | gtec |
Unrealized Foreign Currency Translation Income Attributable To Noncontrolling Interest
UnrealizedForeignCurrencyTranslationIncomeAttributableToNoncontrollingInterest
|
399386 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-286253 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
7342902 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
1162787 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
1402029 | usd |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11886876 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10840638 | shares |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.3 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.58 | |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
50661462 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
66200 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
8209897 | usd |
CY2021 | gtec |
Debt Of The Cancelled Company
DebtOfTheCancelledCompany
|
1775869 | usd |
CY2021 | gtec |
Proceeds From Nc Is Investment
ProceedsFromNCIsInvestment
|
5386307 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
7268221 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
1476710 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
74844666 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
9196563 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
6616695 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-5740161 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
84917763 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
6616695 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
7268221 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2436114 | usd |
CY2021 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2511996 | usd |
CY2022 | gtec |
Loss On Prepayment Of Financing Lease Obligations
LossOnPrepaymentOfFinancingLeaseObligations
|
1511 | usd |
CY2021 | gtec |
Loss On Prepayment Of Financing Lease Obligations
LossOnPrepaymentOfFinancingLeaseObligations
|
-1785 | usd |
CY2022 | gtec |
Increase In Allowance For Doubtful Accounts
IncreaseInAllowanceForDoubtfulAccounts
|
32316 | usd |
CY2021 | gtec |
Increase In Allowance For Doubtful Accounts
IncreaseInAllowanceForDoubtfulAccounts
|
149172 | usd |
CY2022 | gtec |
Increase In Provision For Inventory
IncreaseInProvisionForInventory
|
-359534 | usd |
CY2021 | gtec |
Increase In Provision For Inventory
IncreaseInProvisionForInventory
|
-23536 | usd |
CY2022 | gtec |
Deferred Tax Asset
DeferredTaxAsset
|
-90259 | usd |
CY2021 | gtec |
Deferred Tax Asset
DeferredTaxAsset
|
20398 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-406963 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
3025758 | usd |
CY2022 | us-gaap |
Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
|
-6074159 | usd |
CY2021 | us-gaap |
Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
|
5945558 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-400982 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
9970187 | usd |
CY2022 | gtec |
Advance To Suppliers Cost
AdvanceToSuppliersCost
|
-11187 | usd |
CY2021 | gtec |
Advance To Suppliers Cost
AdvanceToSuppliersCost
|
23463 | usd |
CY2022 | gtec |
Increase Decrease Other Current And Noncurrent Assets
IncreaseDecreaseOtherCurrentAndNoncurrentAssets
|
-7795981 | usd |
CY2021 | gtec |
Increase Decrease Other Current And Noncurrent Assets
IncreaseDecreaseOtherCurrentAndNoncurrentAssets
|
-1424031 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2080206 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
6461841 | usd |
CY2022 | gtec |
Customer Deposit
CustomerDeposit
|
-133803 | usd |
CY2021 | gtec |
Customer Deposit
CustomerDeposit
|
12994 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
2115816 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
|
-867079 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
94634 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
|
106887 | usd |
CY2022 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
183066 | usd |
CY2021 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-405732 | usd |
CY2022 | gtec |
Longterm Payablesunamortized Deferred Financing Cost
LongtermPayablesunamortizedDeferredFinancingCost
|
-186800 | usd |
CY2021 | gtec |
Longterm Payablesunamortized Deferred Financing Cost
LongtermPayablesunamortizedDeferredFinancingCost
|
-3945 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-1045677 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-392029 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
7313245 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5755940 | usd |
CY2022 | us-gaap |
Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
|
525128 | usd |
CY2021 | us-gaap |
Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
|
897385 | usd |
CY2022 | gtec |
Proceeds From Government Grants For Construction
ProceedsFromGovernmentGrantsForConstruction
|
-808821 | usd |
CY2021 | gtec |
Proceeds From Government Grants For Construction
ProceedsFromGovernmentGrantsForConstruction
|
-255405 | usd |
CY2021 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
3570 | usd |
CY2022 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
250000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
33693 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-638980 | usd |
CY2022 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
11697621 | usd |
CY2021 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
8666025 | usd |
CY2022 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
10786753 | usd |
CY2021 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
18724388 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-10847677 | usd |
CY2021 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
15416006 | usd |
CY2022 | gtec |
Proceeds From Related Parties
ProceedsFromRelatedParties
|
281406 | usd |
CY2021 | gtec |
Proceeds From Related Parties
ProceedsFromRelatedParties
|
419311 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-2159416 | usd |
CY2021 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-4045048 | usd |
CY2022 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
1481087 | usd |
CY2021 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
310443 | usd |
CY2021 | gtec |
Prepayment Of Leasefinancing Obligations
PrepaymentOfLeasefinancingObligations
|
-155222 | usd |
CY2022 | gtec |
Payment Of Principal On Financing Lease Obligation
PaymentOfPrincipalOnFinancingLeaseObligation
|
185136 | usd |
CY2021 | gtec |
Payment Of Principal On Financing Lease Obligation
PaymentOfPrincipalOnFinancingLeaseObligation
|
776108 | usd |
CY2022 | gtec |
Proceeds From Equity And Debt Finaning
ProceedsFromEquityAndDebtFinaning
|
9196563 | usd |
CY2021 | gtec |
Proceeds From Equity And Debt Finaning
ProceedsFromEquityAndDebtFinaning
|
8209897 | usd |
CY2021 | gtec |
Proceeds From Nc Is Investment
ProceedsFromNCIsInvestment
|
5386307 | usd |
CY2021 | gtec |
Reduction Of Capital
ReductionOfCapital
|
66200 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-4284479 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
14462981 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
3062459 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
8068061 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-1134295 | usd |
CY2021 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
329778 | 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 |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19729056 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
17800892 | usd |
CY2022 | gtec |
Bank Balances And Cash
BankBalancesAndCash
|
16295695 | usd |
CY2021 | gtec |
Bank Balances And Cash
BankBalancesAndCash
|
11062590 | usd |
CY2022 | gtec |
Bank Balances And Cash Included In Assets Classified As Restricted Cash
BankBalancesAndCashIncludedInAssetsClassifiedAsRestrictedCash
|
3433361 | usd |
CY2021 | gtec |
Bank Balances And Cash Included In Assets Classified As Restricted Cash
BankBalancesAndCashIncludedInAssetsClassifiedAsRestrictedCash
|
6738302 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
695315 | usd |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1631703 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
405174 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
637967 | usd |
CY2021 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
98840000 | usd |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
90830000 | usd |
CY2022 | gtec |
Transmission Product Sale Of Sets
TransmissionProductSaleOfSets
|
129686 | pure |
CY2021 | gtec |
Transmission Product Sale Of Sets
TransmissionProductSaleOfSets
|
141431 | pure |
CY2022 | gtec |
Forklift Manufacturers Description
ForkliftManufacturersDescription
|
more than 100 forklift manufacturers in the PRC. | |
CY2022 | gtec |
Electric Industrial Vehicles Description
ElectricIndustrialVehiclesDescription
|
Greenland’s electric industrial vehicle products currently include GEF-series electric forklifts, a series of lithium powered forklifts with three models ranging in size from 1.8 tons to 3.5 tons, GEL-1800, a 1.8 ton rated load lithium powered electric wheeled front loader, GEX-8000, an all-electric 8.0 ton rated load lithium powered wheeled excavator, and GEL-5000, an all-electric 5.0 ton rated load lithium wheeled front loader. These products are available for purchase in the United States (“U.S.”) market. 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 products line. | |
CY2022 | gtec |
Percentage Of Outstanding Ordinary Shares
PercentageOfOutstandingOrdinaryShares
|
0.4786 | pure |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Use of Estimates</b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 years ended December 31, 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.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022Q4 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
6.8972 | pure |
CY2021Q4 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
6.3726 | pure |
CY2022Q4 | us-gaap |
Derivative Average Forward Exchange Rate1
DerivativeAverageForwardExchangeRate1
|
6.7518 | pure |
CY2021Q4 | us-gaap |
Derivative Average Forward Exchange Rate1
DerivativeAverageForwardExchangeRate1
|
6.4424 | pure |
CY2022 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
90830674 | usd |
CY2022Q4 | gtec |
Allowance Of Doubtful Accounts
AllowanceOfDoubtfulAccounts
|
760000 | usd |
CY2021Q4 | gtec |
Allowance Of Doubtful Accounts
AllowanceOfDoubtfulAccounts
|
860000 | usd |
CY2022Q4 | gtec |
Advance To Supplier
AdvanceToSupplier
|
410000 | usd |
CY2021Q4 | gtec |
Advance To Supplier
AdvanceToSupplier
|
430000 | usd |
CY2021 | gtec |
Accounting For Around Percentage
AccountingForAroundPercentage
|
0.0101 | pure |
CY2022 | gtec |
Straightline Method Lease Term
StraightlineMethodLeaseTerm
|
P50Y | |
CY2022 | gtec |
Implicit Interest Rate
ImplicitInterestRate
|
0.05 | pure |
CY2021 | gtec |
Revenue Recognition Description
RevenueRecognitionDescription
|
The Company derives revenues from the processing, distribution and sale of its products. The Company recognizes its revenues net of value-added taxes (“VAT”). The Company is subject to VAT which had been levied at the rate of 17% on the invoiced value of sales until April 30, 2018, after which date the rate was reduced to 16%. VAT rate was further reduced to 13% starting from April 1, 2019. Output VAT is borne by customers in addition to the invoiced value of sales and input VAT is borne by the Company in addition to the invoiced value of purchases to the extent not refunded for export sales. | |
CY2022 | gtec |
Total Revenue Of Greenland
TotalRevenueOfGreenland
|
0 | pure |
CY2021 | us-gaap |
Excise And Sales Taxes
ExciseAndSalesTaxes
|
98839900 | usd |
CY2022 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5786946 | usd |
CY2021 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5526546 | usd |
CY2022Q4 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
1810000 | usd |
CY2021Q4 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
2210000 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
|
0.50 | pure |
CY2022 | gtec |
Owned Foreign Enterprise Percentage
OwnedForeignEnterprisePercentage
|
0.10 | pure |
CY2022 | gtec |
Registered Capital Percentage
RegisteredCapitalPercentage
|
0.50 | pure |
CY2022 | us-gaap |
Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
|
0.10 | pure |
CY2022Q4 | gtec |
Income Short Term Investment Other
IncomeShortTermInvestmentOther
|
7800723 | usd |
CY2021Q4 | gtec |
Income Short Term Investment Other
IncomeShortTermInvestmentOther
|
2105938 | usd |
CY2022Q4 | us-gaap |
Other Short Term Investments
OtherShortTermInvestments
|
500000 | usd |
CY2022Q4 | gtec |
Other Short Terms Borrowings
OtherShortTermsBorrowings
|
7405433 | usd |
CY2022Q4 | gtec |
Other Short Terms Borrowings
OtherShortTermsBorrowings
|
50000000 | cny |
CY2022Q4 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
50565049 | cny |
CY2022Q4 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
469480 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
15100085 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Related Parties
AccountsReceivableRelatedParties
|
16774321 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
762325 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
859319 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
14337760 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
15915002 | usd |
CY2022 | 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><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif">As of,,</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif">December 31,<br/> 2022</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid"><span style="font-family: Times New Roman, Times, Serif">December 31,<br/> 2021</span></td><td style="padding-bottom: 1.5pt; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Beginning balance</span></td><td style="width: 1%; font-weight: bold"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="width: 9%; font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif">859,319</span></td><td style="width: 1%; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="width: 1%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">986,532</span></td><td style="width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">Provision for doubtful accounts</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(32,316</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif">(149,172</span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif">Effect of FX change</span></td><td style="padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(64,678</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td style="padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; text-align: right"><span style="font-family: Times New Roman, Times, Serif">21,959</span></td><td style="padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif">Ending balance</span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif">762,325</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font-weight: bold; padding-bottom: 4pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right"><span style="font-family: Times New Roman, Times, Serif">859,319</span></td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></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 |
CY2022 | gtec |
Additional Provision For Doubtful Accounts
AdditionalProvisionForDoubtfulAccounts
|
-32316 | usd |
CY2021 | gtec |
Additional Provision For Doubtful Accounts
AdditionalProvisionForDoubtfulAccounts
|
-149172 | usd |
CY2022 | gtec |
Effect Of Fx Change
EffectOfFXChange
|
-64678 | usd |
CY2021 | gtec |
Effect Of Fx Change
EffectOfFXChange
|
21959 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
762325 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
859319 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
7975097 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
9789196 | usd |
CY2022Q4 | gtec |
Revolving Materials
RevolvingMaterials
|
1122313 | usd |
CY2021Q4 | gtec |
Revolving Materials
RevolvingMaterials
|
1078292 | usd |
CY2022Q4 | gtec |
Consigned Processing Materials
ConsignedProcessingMaterials
|
15056 | usd |
CY2021Q4 | gtec |
Consigned Processing Materials
ConsignedProcessingMaterials
|
67706 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
2255453 | usd |
CY2021Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
2620821 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
12104309 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
12271252 | usd |
CY2022Q4 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
-375846 | usd |
CY2021Q4 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
-23793 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
23096382 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
25803474 | usd |
CY2021Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
23793 | usd |
CY2022 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
359534 | usd |
CY2021 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
23536 | usd |
CY2022 | gtec |
Inventory Effect Of Fx Change
InventoryEffectOfFXChange
|
-7481 | usd |
CY2021 | gtec |
Inventory Effect Of Fx Change
InventoryEffectOfFXChange
|
257 | usd |
CY2022Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
375846 | usd |
CY2021Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
23793 | usd |
CY2022 | 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">December 31, <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">26,713,919</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">36,075,366</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Commercial notes receivable</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,034,960</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,475,755</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; padding-bottom: 4pt">Total</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">28,748,879</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: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022Q4 | gtec |
Bank Notes Receivable
BankNotesReceivable
|
26713919 | usd |
CY2021Q4 | gtec |
Bank Notes Receivable
BankNotesReceivable
|
36075366 | usd |
CY2022Q4 | gtec |
Commercial Note Receivable
CommercialNoteReceivable
|
2034960 | usd |
CY2021Q4 | gtec |
Commercial Note Receivable
CommercialNoteReceivable
|
1475755 | usd |
CY2022Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
28748879 | usd |
CY2021Q4 | us-gaap |
Receivables Net Current
ReceivablesNetCurrent
|
37551121 | usd |
CY2022Q4 | gtec |
Security For Issuance Amount
SecurityForIssuanceAmount
|
15510000 | usd |
CY2022Q4 | gtec |
Notes Receivable
NotesReceivable
|
13270000 | usd |
CY2021Q4 | gtec |
Security For Issuance Amount
SecurityForIssuanceAmount
|
28140000 | usd |
CY2021Q4 | gtec |
Notes Receivable
NotesReceivable
|
24890000 | usd |
CY2022Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
11781256 | usd |
CY2021Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
12751105 | usd |
CY2022Q4 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
21010613 | usd |
CY2021Q4 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
21930452 | usd |
CY2022Q4 | gtec |
Motor Vehicles
MotorVehicles
|
315708 | usd |
CY2021Q4 | gtec |
Motor Vehicles
MotorVehicles
|
341697 | usd |
CY2022Q4 | gtec |
Electronic Equipment
ElectronicEquipment
|
223806 | usd |
CY2021Q4 | gtec |
Electronic Equipment
ElectronicEquipment
|
206122 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
33331383 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
35229376 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
17763247 | usd |
CY2022Q4 | gtec |
Less Accumulated Amortization
LessAccumulatedAmortization
|
821671 | usd |
CY2021Q4 | gtec |
Less Accumulated Amortization
LessAccumulatedAmortization
|
792753 | usd |
CY2022Q4 | gtec |
Land Use Rights Net
LandUseRightsNet
|
3639067 | usd |
CY2021Q4 | gtec |
Land Use Rights Net
LandUseRightsNet
|
4035198 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
16679022 | usd |
CY2022Q4 | gtec |
Property Plants And Equipment Net
PropertyPlantsAndEquipmentNet
|
15568136 | usd |
CY2021Q4 | gtec |
Property Plants And Equipment Net
PropertyPlantsAndEquipmentNet
|
18550354 | usd |
CY2022Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
17078 | usd |
CY2021Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
407199 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
15585214 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
18957553 | usd |
CY2022Q4 | gtec |
Buildings Net
BuildingsNet
|
9599313 | usd |
CY2021Q4 | gtec |
Buildings Net
BuildingsNet
|
11314916 | usd |
CY2021Q4 | gtec |
Machiner Net
MachinerNet
|
2201707 | usd |
CY2022Q4 | gtec |
Restricted Assets Total
RestrictedAssetsTotal
|
9599313 | usd |
CY2021Q4 | gtec |
Restricted Assets Total
RestrictedAssetsTotal
|
13516623 | usd |
CY2022Q4 | gtec |
Ownershipof Buildings For Net Book Value
OwnershipofBuildingsForNetBookValue
|
65000000 | cny |
CY2022Q4 | gtec |
Ownershipof Buildings For Net Book Value
OwnershipofBuildingsForNetBookValue
|
9140000 | usd |
CY2022Q4 | 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 | |
CY2022 | 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: right"> </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: right"> </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/> 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></p></td><td style="padding-bottom: 1.5pt"> </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">4,460,738</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">4,827,951</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Less: Accumulated amortization</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(821,671</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(792,753</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left; padding-bottom: 4pt">Land use rights, net</td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,639,067</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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2022Q4 | gtec |
Land Use Rights Cost
LandUseRightsCost
|
-4460738 | usd |
CY2021Q4 | gtec |
Land Use Rights Cost
LandUseRightsCost
|
-4827951 | usd |
CY2022Q4 | gtec |
Land Use Rights Assets Net
LandUseRightsAssetsNet
|
3640000 | usd |
CY2021Q4 | gtec |
Land Use Rights Assets Net
LandUseRightsAssetsNet
|
4040000.00 | usd |
CY2022Q4 | us-gaap |
Present Value Of Future Insurance Profits Amortization Expense Year One
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearOne
|
91136 | usd |
CY2022Q4 | us-gaap |
Present Value Of Future Insurance Profits Amortization Expense Year Two
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearTwo
|
91136 | usd |
CY2022Q4 | us-gaap |
Present Value Of Future Insurance Profits Amortization Expense Year Three
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearThree
|
91136 | usd |
CY2022Q4 | us-gaap |
Present Value Of Future Insurance Profits Amortization Expense Year Four
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearFour
|
91136 | usd |
CY2022Q4 | us-gaap |
Present Value Of Future Insurance Profits Amortization Expense Year Five
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearFive
|
91136 | usd |
CY2022Q4 | gtec |
Present Value Of Future Insurance Profits Amortization Expense Thereafter
PresentValueOfFutureInsuranceProfitsAmortizationExpenseThereafter
|
3183387 | usd |
CY2022Q4 | gtec |
Present Values Of Future Insurance Profits Amortization Expense
PresentValuesOfFutureInsuranceProfitsAmortizationExpense
|
3639067 | usd |
CY2022Q4 | us-gaap |
Notes Payable To Bank Current
NotesPayableToBankCurrent
|
28272472 | usd |
CY2021Q4 | us-gaap |
Notes Payable To Bank Current
NotesPayableToBankCurrent
|
42093061 | usd |
CY2022Q4 | us-gaap |
Notes Payable To Bank
NotesPayableToBank
|
28272472 | usd |
CY2021Q4 | us-gaap |
Notes Payable To Bank
NotesPayableToBank
|
42093061 | usd |
CY2022Q4 | gtec |
Restricted Cash And Cash Equivalents Value
RestrictedCashAndCashEquivalentsValue
|
3430000 | usd |
CY2021Q4 | gtec |
Restricted Cash And Cash Equivalents Value
RestrictedCashAndCashEquivalentsValue
|
6740000 | usd |
CY2022Q4 | gtec |
Note Receivable Date Of Issuance
NoteReceivableDateOfIssuance
|
15510000 | usd |
CY2021Q4 | gtec |
Note Receivable Date Of Issuance
NoteReceivableDateOfIssuance
|
28140000 | usd |
CY2022Q4 | gtec |
Land Use Right
LandUseRight
|
3640000 | usd |
CY2021Q4 | gtec |
Land Use Right
LandUseRight
|
4040000.00 | usd |
CY2022 | gtec |
Percentage Of Bank Charges
PercentageOfBankCharges
|
0.0005 | pure |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
24817165 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
29064132 | usd |
CY2022Q4 | gtec |
Collateralized Bank Loans
CollateralizedBankLoans
|
7536392 | usd |
CY2021Q4 | gtec |
Collateralized Bank Loans
CollateralizedBankLoans
|
7976336 | usd |
CY2022Q4 | us-gaap |
Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
|
1449863 | usd |
CY2021Q4 | us-gaap |
Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
|
784609 | usd |
CY2022Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
8986255 | usd |
CY2021Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
8760945 | usd |
CY2022 | us-gaap |
Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
|
Total | |
CY2022Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
8986255 | usd |
CY2021 | us-gaap |
Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
|
Total | |
CY2021Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
8760945 | usd |
CY2022 | gtec |
Short Term Debt Loan
ShortTermDebtLoan
|
P1Y | |
CY2022 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.041 | pure |
CY2021 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.04628 | pure |
CY2022Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
747923 | usd |
CY2021Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
946678 | usd |
CY2022Q4 | gtec |
Other Tax Payables
OtherTaxPayables
|
141772 | usd |
CY2021Q4 | gtec |
Other Tax Payables
OtherTaxPayables
|
31779 | usd |
CY2022Q4 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
88403 | usd |
CY2021Q4 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
44283 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
569292 | usd |
CY2021Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
175687 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
1547390 | usd |
CY2021Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
1198427 | usd |
CY2022Q4 | gtec |
Other Long Term Liability Debt Of Subsidy
OtherLongTermLiabilityDebtOfSubsidy
|
1812759 | usd |
CY2021Q4 | gtec |
Other Long Term Liability Debt Of Subsidy
OtherLongTermLiabilityDebtOfSubsidy
|
2212938 | usd |
CY2022Q4 | us-gaap |
Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
|
1812759 | usd |
CY2021Q4 | us-gaap |
Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
|
2212938 | usd |
CY2022 | gtec |
Grant Incomedecreased
GrantIncomedecreased
|
400000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Term
LongTermDebtTerm
|
P5Y6M29D | |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
337235 | usd |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
2835406 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
2627110 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
472182 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2176130 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2648312 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
593781 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
585127 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
589272 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
606354 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
624034 | usd |
CY2022Q4 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
2998568 | 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 | |
CY2022Q4 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
12978504 | shares |
CY2021Q4 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
12978504 | shares |
CY2022Q4 | us-gaap |
Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
|
11329530 | shares |
CY2021Q4 | us-gaap |
Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
|
11329530 | shares |
CY2022 | gtec |
Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
|
0.3 | |
CY2021 | gtec |
Earning Per Share Basic And Diluted
EarningPerShareBasicAndDiluted
|
0.58 | |
CY2021 | gtec |
Transfer To Statutory Reserve
TransferToStatutoryReserve
|
usd | |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
usd | |
CY2022 | gtec |
Prepayment Of Leasefinancing Obligations
PrepaymentOfLeasefinancingObligations
|
usd | |
CY2022 | gtec |
Proceeds From Nc Is Investment
ProceedsFromNCIsInvestment
|
usd | |
CY2018Q3 | gtec |
Initial Business Combination Description
InitialBusinessCombinationDescription
|
Each unit consists of one ordinary share, no par value, one warrant to purchase one-half of one ordinary share and one right to receive one-tenth of one ordinary share upon the consummation of its initial business combination. | |
CY2022 | 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. | |
CY2020Q4 | gtec |
Stockholders Equity Decription
StockholdersEquityDecription
|
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 warrant holders. 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 and 398,974 pre-funded warrants at $4.17 per share and $4.169 per pre-funded warrant with gross proceeds of $6,876,222 under its effective shelf registration statement.Rights — Each holder of a right was entitled to receive one-tenth (1/10) of one ordinary share upon consummation of the Business Combination. As of December 31, 2022, all of the existing Rights were converted into 468,200 ordinary shares as a result of the Business Combination. Warrants — Redeemable warrants sold as part of the units in the Company initial public offering, or 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. | |
CY2022 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
one | |
CY2022 | gtec |
Warrants Expire Year
WarrantsExpireYear
|
P5Y | |
CY2022 | 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”). | |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
4705312 | shares |
CY2022 | gtec |
Payment Of Cash
PaymentOfCash
|
100 | usd |
CY2022 | gtec |
Purchase Option Outstanding Units
PurchaseOptionOutstandingUnits
|
120000 | shares |
CY2022 | gtec |
Income Loss From Continuing Operation Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationIncludingPortionAttributableToNoncontrollingInterest
|
3559565 | usd |
CY2021 | gtec |
Income Loss From Continuing Operation Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationIncludingPortionAttributableToNoncontrollingInterest
|
6265578 | usd |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11886876 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10840638 | shares |
CY2022 | gtec |
Weighted Average Shares Of Common Stock
WeightedAverageSharesOfCommonStock
|
11886876 | usd |
CY2021 | gtec |
Weighted Average Shares Of Common Stock
WeightedAverageSharesOfCommonStock
|
10840638 | usd |
CY2022 | gtec |
Reduction Of Capital
ReductionOfCapital
|
usd | |
CY2022 | gtec |
Revenue
Revenue
|
90830674 | usd |
CY2021 | gtec |
Revenue
Revenue
|
98839900 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.0956 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.2023 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2022Q4 | 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 |
CY2022 | 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="text-align: left; font-weight: bold; border-bottom: Black 1.5pt solid">For the years ending December 31,</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="text-align: center; border-bottom: Black 1.5pt solid"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Operating</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Leases</b></p></td><td style="padding-bottom: 1.5pt"> </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">593,781</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">585,127</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">589,272</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">606,354</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">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">624,034</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 9pt">Total lease payments</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">2,998,568</td><td style="text-align: left"> </td></tr> </table> | |
CY2022Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
|
593781 | usd |
CY2022Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
|
585127 | usd |
CY2022Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
|
589272 | usd |
CY2022Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
|
606354 | usd |
CY2022Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
|
624034 | usd |
CY2022Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
|
2998568 | usd |
CY2020Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
usd | |
CY2022Q4 | gtec |
Fixed Assets Decoration
FixedAssetsDecoration
|
usd | |
CY2021Q4 | gtec |
Fixed Assets Decoration
FixedAssetsDecoration
|
usd | |
CY2022Q4 | gtec |
Machiner Net
MachinerNet
|
usd | |
CY2022Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
usd | |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
usd | |
CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
usd | |
CY2022 | gtec |
Restricted Stock Vested Not Issued
RestrictedStockVestedNotIssued
|
usd | |
CY2021 | gtec |
Restricted Stock Vested Not Issued
RestrictedStockVestedNotIssued
|
usd | |
CY2022 | gtec |
Due To Related Partie Current
DueToRelatedPartieCurrent
|
1693315 | usd |
CY2021 | gtec |
Due To Related Partie Current
DueToRelatedPartieCurrent
|
3619459 | usd |
CY2022Q4 | gtec |
Due From Related Partycurrent
DueFromRelatedPartycurrent
|
36669907 | usd |
CY2021Q4 | gtec |
Due From Related Partycurrent
DueFromRelatedPartycurrent
|
39679565 | usd |
CY2022Q4 | us-gaap |
Other Receivables
OtherReceivables
|
36460000 | usd |
CY2021Q4 | us-gaap |
Other Receivables
OtherReceivables
|
39460000 | usd |
CY2022Q2 | dei |
Entity Public Float
EntityPublicFloat
|
35100000000000 | usd |
CY2021Q4 | us-gaap |
Other Intangible Assets Net
OtherIntangibleAssetsNet
|
usd | |
CY2021Q4 | us-gaap |
Long Term Investments
LongTermInvestments
|
usd | |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
usd | |
CY2022Q4 | us-gaap |
Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001735041 |