2023 Q2 Form 10-Q Financial Statement

#000121390023041534 Filed on May 19, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $23.57M $22.15M $29.31M
YoY Change 14.4% -24.42% 19.09%
Cost Of Revenue $16.64M $16.63M $22.94M
YoY Change 5.57% -27.52% 17.58%
Gross Profit $6.928M $5.523M $6.368M
YoY Change 43.16% -13.26% 24.86%
Gross Profit Margin 29.39% 24.94% 21.73%
Selling, General & Admin $2.094M $2.029M $1.669M
YoY Change 18.77% 21.56% 58.99%
% of Gross Profit 30.22% 36.74% 26.22%
Research & Development $1.425M $1.120M $1.083M
YoY Change 65.26% 3.45% 12.77%
% of Gross Profit 20.57% 20.28% 17.0%
Depreciation & Amortization $523.6K $542.7K $631.2K
YoY Change -10.1% -14.01% 1.8%
% of Gross Profit 7.56% 9.83% 9.91%
Operating Expenses $3.519M $3.149M $3.002M
YoY Change 34.04% 4.91% 33.42%
Operating Profit $3.409M $2.374M $3.366M
YoY Change 53.97% -29.47% 18.1%
Interest Expense $79.50K $66.49K -$92.45K
YoY Change -13.25% -171.92% -48.64%
% of Operating Profit 2.33% 2.8% -2.75%
Other Income/Expense, Net -$128.8K $417.4K $261.0K
YoY Change -125.67% 59.9% -9.99%
Pretax Income $3.245M $2.755M $3.534M
YoY Change 23.2% -22.03% 19.0%
Income Tax $304.8K $296.9K $619.4K
% Of Pretax Income 9.39% 10.77% 17.53%
Net Earnings $2.399M $1.447M $2.915M
YoY Change 61.31% -50.36% 19.3%
Net Earnings / Revenue 10.18% 6.53% 9.95%
Basic Earnings Per Share $0.18 $0.11 $0.16
Diluted Earnings Per Share $0.18 $0.11 $157.7K
COMMON SHARES
Basic Shares Outstanding 12.98M shares 12.98M shares 11.33M shares
Diluted Shares Outstanding 12.98M shares 12.98M shares 11.33M shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.89M $21.37M $10.92M
YoY Change 91.88% 95.69% 34.82%
Cash & Equivalents $15.23M $15.40M $6.854M
Short-Term Investments $5.653M $5.969M $4.067M
Other Short-Term Assets $375.5K $611.6K $7.044M
YoY Change 320.01% -91.32% 113.46%
Inventory $20.22M $22.50M $24.96M
Prepaid Expenses
Receivables $20.91M $19.38M $24.72M
Other Receivables $34.68M $36.83M $73.32M
Total Short-Term Assets $133.3M $135.2M $141.0M
YoY Change 3.09% -4.11% 16.21%
LONG-TERM ASSETS
Property, Plant & Equipment $14.13M $15.17M $18.63M
YoY Change -16.88% -18.58% -4.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $300.0K $300.0K
YoY Change
Other Assets $256.0K $255.3K $4.752M
YoY Change 477.37% -94.63% 13.13%
Total Long-Term Assets $20.88M $22.26M $23.38M
YoY Change -0.89% -4.79% -1.76%
TOTAL ASSETS
Total Short-Term Assets $133.3M $135.2M $141.0M
Total Long-Term Assets $20.88M $22.26M $23.38M
Total Assets $154.2M $157.4M $164.3M
YoY Change 2.53% -4.21% 13.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.98M $28.42M $32.26M
YoY Change -3.33% -11.89% 13.19%
Accrued Expenses $1.073M $861.2K $177.0K
YoY Change 506.45% 386.64% 76.96%
Deferred Revenue $217.7K $196.0K
YoY Change -20.01%
Short-Term Debt $7.309M $7.717M $46.90M
YoY Change -19.52% -83.55% -3.3%
Long-Term Debt Due $199.0K
YoY Change -75.13%
Total Short-Term Liabilities $65.29M $65.90M $83.93M
YoY Change -9.14% -21.48% -4.73%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.570M $3.830M $2.199M
YoY Change 77.31% 74.17% -4.39%
Total Long-Term Liabilities $3.570M $3.830M $0.00
YoY Change 77.31% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.29M $65.90M $83.93M
Total Long-Term Liabilities $3.570M $3.830M $0.00
Total Liabilities $68.86M $69.73M $99.94M
YoY Change -6.79% -30.23% 3.68%
SHAREHOLDERS EQUITY
Retained Earnings $41.07M $38.68M
YoY Change 11.18%
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 $72.07M $72.85M $64.40M
YoY Change
Total Liabilities & Shareholders Equity $154.2M $157.4M $164.3M
YoY Change 2.53% -4.21% 13.26%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $2.399M $1.447M $2.915M
YoY Change 61.31% -50.36% 19.3%
Depreciation, Depletion And Amortization $523.6K $542.7K $631.2K
YoY Change -10.1% -14.01% 1.8%
Cash From Operating Activities -$4.148M $3.756M $1.261M
YoY Change 41.76% 197.87% -131.53%
INVESTING ACTIVITIES
Capital Expenditures $260.0K $20.00K $100.0K
YoY Change 766.67% -80.0% -33.33%
Acquisitions
YoY Change
Other Investing Activities -$522.9K $195.2K $1.010K
YoY Change -395.23% 19228.71% -101.44%
Cash From Investing Activities -$522.9K $195.2K $1.010K
YoY Change -395.23% 19228.32% -101.44%
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 4.409M -$3.464M -5.957M
YoY Change -341.14% -41.84% -222.31%
NET CHANGE
Cash From Operating Activities -4.148M $3.756M 1.261M
Cash From Investing Activities -522.9K $195.2K 1.010K
Cash From Financing Activities 4.409M -$3.464M -5.957M
Net Change In Cash -262.4K $487.0K -4.694M
YoY Change -94.27% -110.37% -686.81%
FREE CASH FLOW
Cash From Operating Activities -$4.148M $3.756M $1.261M
Capital Expenditures $260.0K $20.00K $100.0K
Free Cash Flow -$4.408M $3.736M $1.161M
YoY Change 49.12% 221.81% -127.98%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q4 gtec Fixed Assets Decoration
FixedAssetsDecoration
usd
CY2023Q1 dei Entity Address Address Line2
EntityAddressAddressLine2
Building 400 Suite 130
CY2023Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
East Windsor
CY2023Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
CY2023Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
08512
CY2023Q1 dei City Area Code
CityAreaCode
1 (888)
CY2023Q1 dei Local Phone Number
LocalPhoneNumber
827-4832
CY2023Q1 dei Security12b Title
Security12bTitle
Ordinary shares, no par value
CY2023Q1 dei Trading Symbol
TradingSymbol
GTEC
CY2023Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2023Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023Q1 dei Document Type
DocumentType
10-Q
CY2023Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q1 dei Document Period End Date
DocumentPeriodEndDate
2023-03-31
CY2023Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q1 dei Entity File Number
EntityFileNumber
001-38605
CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
D8
CY2023Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
50 Millstone Road
CY2023Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2023Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2023Q1 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2023Q1 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
12978504 shares
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15401387 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16295695 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4859230 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
3433361 usd
CY2023Q1 us-gaap Short Term Investments
ShortTermInvestments
5968897 usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
7800723 usd
CY2023Q1 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
28979885 usd
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
28748879 usd
CY2023Q1 gtec Accounts Receivable Net Of Allowance For Doubtful Accounts
AccountsReceivableNetOfAllowanceForDoubtfulAccounts
1005569 usd
CY2022Q4 gtec Accounts Receivable Net Of Allowance For Doubtful Accounts
AccountsReceivableNetOfAllowanceForDoubtfulAccounts
762325 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
19383411 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
14337760 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
22502791 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
23096382 usd
CY2023Q1 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
36829529 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
36669907 usd
CY2023Q1 gtec Advance To Suppliers
AdvanceToSuppliers
626646 usd
CY2022Q4 gtec Advance To Suppliers
AdvanceToSuppliers
412766 usd
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
611559 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1568687 usd
CY2023Q1 us-gaap Assets Current
AssetsCurrent
135163335 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
132364160 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15165621 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15585214 usd
CY2023Q1 gtec Land Use Right Net
LandUseRightNet
3632351 usd
CY2022Q4 gtec Land Use Right Net
LandUseRightNet
3639067 usd
CY2023Q1 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
133422 usd
CY2022Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
147465 usd
CY2023Q1 us-gaap Long Term Investments
LongTermInvestments
300000 usd
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
250000 usd
CY2023Q1 gtec Defered Tax Assets
DeferedTaxAssets
271609 usd
CY2022Q4 gtec Defered Tax Assets
DeferedTaxAssets
219207 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2503903 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2627110 usd
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
255339 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
283118 usd
CY2023Q1 us-gaap Assets Noncurrent
AssetsNoncurrent
22262245 usd
CY2022Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
22751181 usd
CY2023Q1 us-gaap Assets
Assets
157425580 usd
CY2022Q4 us-gaap Assets
Assets
155115341 usd
CY2023Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
7717398 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
8986255 usd
CY2023Q1 gtec Notes Payablebank Acceptance Notes
NotesPayablebankAcceptanceNotes
25230911 usd
CY2022Q4 gtec Notes Payablebank Acceptance Notes
NotesPayablebankAcceptanceNotes
28272472 usd
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
28421937 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
24817165 usd
CY2023Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
158802 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
192478 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
196028 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
227432 usd
CY2023Q1 gtec Duetorelatedparties
Duetorelatedparties
1693605 usd
CY2022Q4 gtec Duetorelatedparties
Duetorelatedparties
1693315 usd
CY2023Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2001331 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1547390 usd
CY2023Q1 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
482122 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
472182 usd
CY2023Q1 us-gaap Liabilities Current
LiabilitiesCurrent
65902134 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
66208689 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2048848 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2176130 usd
CY2023Q1 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
1780929 usd
CY2022Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
1812759 usd
CY2023Q1 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
3829777 usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
3988889 usd
CY2023Q1 us-gaap Liabilities
Liabilities
69731911 usd
CY2022Q4 us-gaap Liabilities
Liabilities
70197578 usd
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
12978504 shares
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12978504 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12978504 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
12978504 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12978504 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12978504 shares
CY2023Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
32955927 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
32955927 usd
CY2023Q1 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
3842331 usd
CY2022Q4 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired
3842331 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
38675236 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
37228261 usd
CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2619067 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2831419 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
72854427 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
71195100 usd
CY2023Q1 us-gaap Minority Interest
MinorityInterest
14839242 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
13722663 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
87693669 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
84917763 usd
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
157425580 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
155115341 usd
CY2023Q1 us-gaap Revenues
Revenues
22149360 usd
CY2022Q1 us-gaap Revenues
Revenues
29306957 usd
CY2023Q1 us-gaap Cost Of Revenue
CostOfRevenue
16625930 usd
CY2022Q1 us-gaap Cost Of Revenue
CostOfRevenue
22938983 usd
CY2023Q1 us-gaap Gross Profit
GrossProfit
5523430 usd
CY2022Q1 us-gaap Gross Profit
GrossProfit
6367974 usd
CY2023Q1 us-gaap Selling Expense
SellingExpense
387485 usd
CY2022Q1 us-gaap Selling Expense
SellingExpense
639647 usd
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1641904 usd
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1279746 usd
CY2023Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1119891 usd
CY2022Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1082594 usd
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
3149280 usd
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
3001987 usd
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2374150 usd
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3365987 usd
CY2023Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
30393 usd
CY2022Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
12562 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
66493 usd
CY2022Q1 us-gaap Interest Expense
InterestExpense
105009 usd
CY2022Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-404 usd
CY2023Q1 gtec Other Operating Income Loss
OtherOperatingIncomeLoss
417382 usd
CY2022Q1 gtec Other Operating Income Loss
OtherOperatingIncomeLoss
261032 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2755432 usd
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3534168 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
296858 usd
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
619370 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
2458574 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
2914798 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1011599 usd
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1127746 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1446975 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
1787052 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
317332 usd
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
373910 usd
CY2023Q1 gtec Unrealized Foreign Currency Translation Incomeloss Attributable To Greenland Technologies Holdin
UnrealizedForeignCurrencyTranslationIncomelossAttributableToGreenlandTechnologiesHoldin
212352 usd
CY2022Q1 gtec Unrealized Foreign Currency Translation Incomeloss Attributable To Greenland Technologies Holdin
UnrealizedForeignCurrencyTranslationIncomelossAttributableToGreenlandTechnologiesHoldin
248082 usd
CY2023Q1 gtec Unrealized Foreign Currency Translation Income Attributable To Noncontrolling Interest
UnrealizedForeignCurrencyTranslationIncomeAttributableToNoncontrollingInterest
104980 usd
CY2022Q1 gtec Unrealized Foreign Currency Translation Income Attributable To Noncontrolling Interest
UnrealizedForeignCurrencyTranslationIncomeAttributableToNoncontrollingInterest
125828 usd
CY2023Q1 gtec Machiner Net
MachinerNet
usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1659327 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
2035134 usd
CY2023Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1116579 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1253574 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12978504 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11329530 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
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 Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
373910 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
78210443 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
84917763 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
2458574 usd
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
317332 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
87693669 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
2458574 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
2914798 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
542713 usd
CY2022Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
631150 usd
CY2022Q1 gtec Loss On Disposal Of Property And Equipments
LossOnDisposalOfPropertyAndEquipments
404 usd
CY2023Q1 gtec Increase In Allowance For Doubtful Account
IncreaseInAllowanceForDoubtfulAccount
240845 usd
CY2022Q1 gtec Increase In Allowance For Doubtful Account
IncreaseInAllowanceForDoubtfulAccount
5203 usd
CY2023Q1 gtec Increase In Provision For Inventory
IncreaseInProvisionForInventory
-59521 usd
CY2022Q1 gtec Increase In Provision For Inventory
IncreaseInProvisionForInventory
23930 usd
CY2023Q1 gtec Deferred Tax Assets
DeferredTaxAssets
51647 usd
CY2022Q1 gtec Deferred Tax Assets
DeferredTaxAssets
534516 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5243127 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8726726 usd
CY2023Q1 us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
107492 usd
CY2022Q1 us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
4225481 usd
CY2023Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-636181 usd
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-999943 usd
CY2023Q1 gtec Advances To Suppliers
AdvancesToSuppliers
212885 usd
CY2022Q1 gtec Advances To Suppliers
AdvancesToSuppliers
195582 usd
CY2023Q1 gtec Increase Decrease Other Current And Noncurrent Assets
IncreaseDecreaseOtherCurrentAndNoncurrentAssets
2874700 usd
CY2022Q1 gtec Increase Decrease Other Current And Noncurrent Assets
IncreaseDecreaseOtherCurrentAndNoncurrentAssets
-2016804 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3510741 usd
CY2022Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3042556 usd
CY2023Q1 gtec Customer Deposit
CustomerDeposit
-32504 usd
CY2022Q1 gtec Customer Deposit
CustomerDeposit
53207 usd
CY2023Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-574123 usd
CY2022Q1 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1103368 usd
CY2023Q1 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-34633 usd
CY2022Q1 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-108679 usd
CY2023Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-8611 usd
CY2022Q1 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
58839 usd
CY2023Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-301935 usd
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-166858 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3756318 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1261046 usd
CY2023Q1 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
16929 usd
CY2022Q1 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
101188 usd
CY2023Q1 gtec Proceeds From Government Grants For Construction
ProceedsFromGovernmentGrantsForConstruction
-262145 usd
CY2022Q1 gtec Proceeds From Government Grants For Construction
ProceedsFromGovernmentGrantsForConstruction
-102200 usd
CY2023Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
50000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
195216 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1012 usd
CY2023Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1169197 usd
CY2022Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1578233 usd
CY2023Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
2481621 usd
CY2022Q1 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
789116 usd
CY2023Q1 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-3175115 usd
CY2022Q1 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-5244491 usd
CY2022Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-1578233 usd
CY2023Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
438449 usd
CY2023Q1 gtec Prepayment Of Leasefinancing Obligations
PrepaymentOfLeasefinancingObligations
-1461497 usd
CY2022Q1 gtec Proceeds From Equity And Debt Financing
ProceedsFromEquityAndDebtFinancing
77069 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3464491 usd
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5956538 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
487043 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-4694480 usd
CY2023Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44518 usd
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
78040 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
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20260617 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13184452 usd
CY2023Q1 gtec Bank Balances And Cash
BankBalancesAndCash
15401387 usd
CY2022Q1 gtec Bank Balances And Cash
BankBalancesAndCash
6853839 usd
CY2023Q1 gtec Bank Balances And Cash Included In Assets Classified As Restricted Cash
BankBalancesAndCashIncludedInAssetsClassifiedAsRestrictedCash
4859230 usd
CY2022Q1 gtec Bank Balances And Cash Included In Assets Classified As Restricted Cash
BankBalancesAndCashIncludedInAssetsClassifiedAsRestrictedCash
6330613 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
77073 usd
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
99343 usd
CY2023Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
22150000 usd
CY2023Q1 gtec Transmission Product Sale Of Sets
TransmissionProductSaleOfSets
36841 pure
CY2022Q1 gtec Transmission Product Sale Of Sets
TransmissionProductSaleOfSets
41902 pure
CY2023Q1 gtec Other Short Terms Borrowings
OtherShortTermsBorrowings
493943 usd
CY2023Q1 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.
CY2023Q1 gtec Percentage Of Outstanding Ordinary Shares
PercentageOfOutstandingOrdinaryShares
0.4786 pure
CY2023Q1 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 three months ended March 31, 2023 and 2022 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>
CY2023Q1 gtec Other Short Terms Borrowings
OtherShortTermsBorrowings
3400005 cny
CY2023Q1 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
6.8676 pure
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
6.8972 pure
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.50 pure
CY2023Q1 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
5845987 usd
CY2023Q1 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
40000000 cny
CY2023Q1 gtec Allowance Of Doubtful Accounts
AllowanceOfDoubtfulAccounts
1010000.00 usd
CY2022Q4 gtec Allowance Of Doubtful Accounts
AllowanceOfDoubtfulAccounts
760000 usd
CY2023Q1 gtec Advance To Supplier
AdvanceToSupplier
630000 usd
CY2022Q4 gtec Advance To Supplier
AdvanceToSupplier
410000 usd
CY2023Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
5968897 usd
CY2023Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
40992000 cny
CY2023Q1 gtec Straightline Method Lease Term
StraightlineMethodLeaseTerm
P50Y
CY2023Q1 gtec Implicit Interest Rate
ImplicitInterestRate
0.05 pure
CY2023Q1 gtec Total Revenue Of Greenland
TotalRevenueOfGreenland
0.0052 pure
CY2022Q1 gtec Accounting For Around Percentage
AccountingForAroundPercentage
0.0063 pure
CY2023Q1 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
22149360 usd
CY2022Q1 us-gaap Excise And Sales Taxes
ExciseAndSalesTaxes
29306957 usd
CY2023Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1119891 usd
CY2022Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1082594 usd
CY2023Q1 us-gaap Other Long Term Debt
OtherLongTermDebt
1780000 usd
CY2022Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
1810000 usd
CY2023Q1 gtec Owned Foreign Enterprise Percentage
OwnedForeignEnterprisePercentage
0.10 pure
CY2023Q1 gtec Registered Capital Percentage
RegisteredCapitalPercentage
0.50 pure
CY2022Q4 gtec Machiner Net
MachinerNet
usd
CY2023Q1 us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.10 pure
CY2023Q1 gtec Income Short Term Investment Other
IncomeShortTermInvestmentOther
5968897 usd
CY2022Q4 gtec Income Short Term Investment Other
IncomeShortTermInvestmentOther
7800723 usd
CY2023Q1 us-gaap Other Short Term Investments
OtherShortTermInvestments
500000 usd
CY2023Q1 us-gaap Concentration Risk Net Assets Amount Geographic Area
ConcentrationRiskNetAssetsAmountGeographicArea
6874352 usd
CY2023Q1 gtec Concentration Risk Percentage
ConcentrationRiskPercentage
0.3104 pure
CY2022Q1 us-gaap Concentration Risk Net Assets Amount Geographic Area
ConcentrationRiskNetAssetsAmountGeographicArea
11282447 usd
CY2022Q1 gtec Concentration Risk Percentage
ConcentrationRiskPercentage
0.385 pure
CY2023Q1 us-gaap Accounts Receivable Gross
AccountsReceivableGross
20388980 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
15100085 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
1005569 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
762325 usd
CY2023Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
19383411 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
14337760 usd
CY2023Q1 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> </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> </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">March 31,<br/> 2023</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/> 2022</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">Beginning balance</td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 9%; font-weight: bold; text-align: right">762,325</td><td style="width: 1%; font-weight: bold; text-align: left"> </td><td style="width: 1%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td><td style="width: 9%; font-weight: bold; text-align: right">859,319</td><td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Provision for doubtful accounts</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">240,845</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(32,316</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">2,399</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">(64,678</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">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">1,005,569</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">762,325</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table>
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
762325 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
859319 usd
CY2023Q1 gtec Additional Provision For Doubtful Accounts
AdditionalProvisionForDoubtfulAccounts
240845 usd
CY2022 gtec Additional Provision For Doubtful Accounts
AdditionalProvisionForDoubtfulAccounts
-32316 usd
CY2023Q1 gtec Effect Of Fx Change
EffectOfFXChange
2399 usd
CY2022 gtec Effect Of Fx Change
EffectOfFXChange
-64678 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1005569 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
762325 usd
CY2023Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
8334550 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
7975097 usd
CY2023Q1 gtec Revolving Materials
RevolvingMaterials
1157825 usd
CY2022Q4 gtec Revolving Materials
RevolvingMaterials
1122313 usd
CY2023Q1 gtec Consigned Processing Materials
ConsignedProcessingMaterials
40270 usd
CY2022Q4 gtec Consigned Processing Materials
ConsignedProcessingMaterials
15056 usd
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
2480940 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2255453 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
10925583 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
12104309 usd
CY2023Q1 us-gaap Inventory Adjustments
InventoryAdjustments
-436377 usd
CY2022Q4 us-gaap Inventory Adjustments
InventoryAdjustments
-375846 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
22502791 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
23096382 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
375846 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
23793 usd
CY2023Q1 us-gaap Inventory Write Down
InventoryWriteDown
59521 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
359534 usd
CY2023Q1 gtec Inventory Effect Of Fx Change
InventoryEffectOfFXChange
1010 usd
CY2022 gtec Inventory Effect Of Fx Change
InventoryEffectOfFXChange
-7481 usd
CY2023Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
436377 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
375846 usd
CY2022Q4 gtec Property Plants And Equipment Net
PropertyPlantsAndEquipmentNet
15568136 usd
CY2023Q1 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">March 31,<br/> 2023</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/> 2022</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">$</td><td style="width: 9%; text-align: right">26,025,808</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">26,713,919</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">2,954,077</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">2,034,960</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">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">28,979,885</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">28,748,879</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"> </p>
CY2023Q1 gtec Bank Notes Receivable
BankNotesReceivable
26025808 usd
CY2022Q4 gtec Bank Notes Receivable
BankNotesReceivable
26713919 usd
CY2023Q1 gtec Commercial Note Receivable
CommercialNoteReceivable
2954077 usd
CY2022Q4 gtec Commercial Note Receivable
CommercialNoteReceivable
2034960 usd
CY2023Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
28979885 usd
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
28748879 usd
CY2023Q1 gtec Security For Issuance Amount
SecurityForIssuanceAmount
16520000 usd
CY2023Q1 gtec Notes Receivable
NotesReceivable
17610000 usd
CY2022Q4 gtec Security For Issuance Amount
SecurityForIssuanceAmount
15510000 usd
CY2022Q4 gtec Notes Receivable
NotesReceivable
13270000 usd
CY2023Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
11832035 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
11781256 usd
CY2023Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
21123822 usd
CY2022Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
21010613 usd
CY2023Q1 gtec Motor Vehicles
MotorVehicles
317068 usd
CY2022Q4 gtec Motor Vehicles
MotorVehicles
315708 usd
CY2023Q1 gtec Electronic Equipment
ElectronicEquipment
235462 usd
CY2022Q4 gtec Electronic Equipment
ElectronicEquipment
223806 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
33508387 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
33331383 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
18359517 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
17763247 usd
CY2023Q1 gtec Property Plants And Equipment Net
PropertyPlantsAndEquipmentNet
15148470 usd
CY2023Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
17151 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
17078 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15165621 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15585214 usd
CY2022Q1 gtec Cost Of Revenue And Inventories
CostOfRevenueAndInventories
380000 usd
CY2022Q1 gtec Construction In Progress Fixed Assets
ConstructionInProgressFixedAssets
0.31 usd
CY2023Q1 gtec Buildings Net
BuildingsNet
9527131 usd
CY2022Q4 gtec Buildings Net
BuildingsNet
9599313 usd
CY2023Q1 gtec Restricted Assets Total
RestrictedAssetsTotal
9527131 usd
CY2022Q4 gtec Restricted Assets Total
RestrictedAssetsTotal
9599313 usd
CY2023Q1 gtec Ownershipof Buildings For Net Book Value
OwnershipofBuildingsForNetBookValue
65430000 cny
CY2023Q1 gtec Ownershipof Buildings For Net Book Value
OwnershipofBuildingsForNetBookValue
9530000 usd
CY2023Q1 gtec Loan Facility With Maximum Exposure
LoanFacilityWithMaximumExposure
167730000 cny
CY2023Q1 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">March 31,<br/> 2023</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/> 2022</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">Land use rights, cost</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">4,479,964</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">4,460,738</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">(847,613</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">(821,671</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">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,632,351</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 4pt double; font-weight: bold; text-align: right">3,639,067</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>
CY2023Q1 gtec Land Use Rights Cost
LandUseRightsCost
-4479964 usd
CY2022Q4 gtec Land Use Rights Cost
LandUseRightsCost
-4460738 usd
CY2023Q1 gtec Less Accumulated Amortization
LessAccumulatedAmortization
847613 usd
CY2022Q4 gtec Less Accumulated Amortization
LessAccumulatedAmortization
821671 usd
CY2023Q1 gtec Land Use Rights Net
LandUseRightsNet
3632351 usd
CY2022Q4 gtec Land Use Rights Net
LandUseRightsNet
3639067 usd
CY2023Q1 gtec Land Use Rights Assets Net
LandUseRightsAssetsNet
3630000 usd
CY2022Q4 gtec Land Use Rights Assets Net
LandUseRightsAssetsNet
3640000 usd
CY2023Q4 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year One
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearOne
89931 usd
CY2023Q4 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Two
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearTwo
89931 usd
CY2023Q4 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Three
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearThree
89931 usd
CY2023Q4 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Four
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearFour
89931 usd
CY2023Q4 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Five
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearFive
89931 usd
CY2023Q4 gtec Present Value Of Future Insurance Profits Amortization Expense Thereafter
PresentValueOfFutureInsuranceProfitsAmortizationExpenseThereafter
3182696 usd
CY2023Q4 gtec Present Values Of Future Insurance Profits Amortization Expense
PresentValuesOfFutureInsuranceProfitsAmortizationExpense
3632351 usd
CY2023Q1 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
25230911 usd
CY2022Q4 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
28272472 usd
CY2023Q1 us-gaap Notes Payable To Bank
NotesPayableToBank
25230911 usd
CY2022Q4 us-gaap Notes Payable To Bank
NotesPayableToBank
28272472 usd
CY2023Q1 gtec Restricted Cash And Cash Equivalents Value
RestrictedCashAndCashEquivalentsValue
4860000 usd
CY2022Q4 gtec Restricted Cash And Cash Equivalents Value
RestrictedCashAndCashEquivalentsValue
3430000 usd
CY2023Q1 gtec Note Receivable Date Of Issuance
NoteReceivableDateOfIssuance
16520000 usd
CY2022Q4 gtec Note Receivable Date Of Issuance
NoteReceivableDateOfIssuance
15510000 usd
CY2022Q4 gtec Land Use Right
LandUseRight
3630000 usd
CY2023Q1 gtec Land Use Right
LandUseRight
3630000 usd
CY2023Q1 gtec Percentage Of Bank Charges
PercentageOfBankCharges
0.0005 pure
CY2023Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
28421937 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
24817165 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1547390 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2023Q1 gtec Restricted Stock Vested Not Issued
RestrictedStockVestedNotIssued
usd
CY2023Q1 gtec Collateralized Bank Loans
CollateralizedBankLoans
6552508 usd
CY2022Q4 gtec Collateralized Bank Loans
CollateralizedBankLoans
7536392 usd
CY2023Q1 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
1164890 usd
CY2022Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
1449863 usd
CY2023Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
7717398 usd
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
8986255 usd
CY2022 us-gaap Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
Total
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
8986255 usd
CY2023Q1 gtec Short Term Debt Loan
ShortTermDebtLoan
P1Y
CY2023Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0388 pure
CY2022Q1 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.04344 pure
CY2023Q1 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
159569 usd
CY2022Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
747923 usd
CY2023Q1 gtec Other Tax Payables
OtherTaxPayables
817634 usd
CY2022Q4 gtec Other Tax Payables
OtherTaxPayables
141772 usd
CY2023Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
162977 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
88403 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
861151 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
569292 usd
CY2023Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
2001331 usd
CY2023Q1 gtec Other Long Term Liability Debt Of Subsidy
OtherLongTermLiabilityDebtOfSubsidy
1780929 usd
CY2022Q4 gtec Other Long Term Liability Debt Of Subsidy
OtherLongTermLiabilityDebtOfSubsidy
1812759 usd
CY2023Q1 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
1780929 usd
CY2022Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
1812759 usd
CY2022 gtec Grant Incomedecreased
GrantIncomedecreased
30000.00 usd
CY2023Q1 us-gaap Long Term Debt Term
LongTermDebtTerm
P5Y6M29D
CY2023Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
146106 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
597777 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
579901 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
593457 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
610686 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
470641 usd
CY2023Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
2852462 usd
CY2023Q1 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
12978504 shares
CY2022Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
12978504 shares
CY2022Q4 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
12978504 shares
CY2023Q1 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
12978504 shares
CY2019 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
3875458 shares
CY2019 us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
81400 shares
CY2019 us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
1906542 shares
CY2023Q1 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. 
CY2022Q3 gtec Commitment Offering Ordinary Shares
CommitmentOfferingOrdinaryShares
1250000 shares
CY2022Q3 gtec Prefunded Warrants Shares
PrefundedWarrantsShares
398974 shares
CY2022Q3 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
4.17
CY2022Q3 gtec Prefunded Warrant Price
PrefundedWarrantPrice
4.169
CY2022Q3 us-gaap Sale Leaseback Transaction Gross Proceeds Investing Activities
SaleLeasebackTransactionGrossProceedsInvestingActivities
6876222 usd
CY2023Q1 gtec Warrants Expire Year
WarrantsExpireYear
P5Y
CY2023Q1 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”).
CY2023Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4705312 shares
CY2023Q1 gtec Payment Of Cash
PaymentOfCash
100 usd
CY2023Q1 gtec Purchase Option Outstanding Units
PurchaseOptionOutstandingUnits
120000 shares
CY2023Q1 gtec Income Loss From Continuing Operation Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationIncludingPortionAttributableToNoncontrollingInterest
1446975 usd
CY2022Q1 gtec Income Loss From Continuing Operation Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationIncludingPortionAttributableToNoncontrollingInterest
1787052 usd
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12978504 shares
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11329530 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12978504 shares
CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11329530 shares
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.11
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2023Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
22149360 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
29306957 usd
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.1753 pure
CY2023Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2023Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
0 usd
CY2020Q4 us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
69770000 cny
CY2020Q3 us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
37950000 cny
CY2022Q2 us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
60010000.00 cny
CY2023Q1 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="font-weight: bold; text-align: justify; border-bottom: Black 1.5pt solid">For the years ending March 31,</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">Operating <br/>Leases</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: justify">2024</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">597,777</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">2025</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">579,901</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">2026</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">593,457</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">2027</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">610,686</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Thereafter</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">470,641</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 0.125in">Total lease payments</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,852,462</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table>
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
597777 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
579901 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
593457 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
610686 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
470641 usd
CY2023Q1 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
2852462 usd
CY2023Q1 gtec Due To Related Partie Current
DueToRelatedPartieCurrent
1693605 usd
CY2022Q4 gtec Due To Related Partie Current
DueToRelatedPartieCurrent
1693315 usd
CY2023Q1 gtec Due From Related Partycurrent
DueFromRelatedPartycurrent
36829529 usd
CY2022Q4 gtec Due From Related Partycurrent
DueFromRelatedPartycurrent
36669907 usd
CY2023Q1 us-gaap Other Receivables
OtherReceivables
36610000 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
36460000 usd
CY2023Q1 dei Entity Registrant Name
EntityRegistrantName
Greenland Technologies Holding Corp.
CY2023Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
00-0000000
CY2023Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2023Q1 gtec Loss On Disposal Of Property And Equipments
LossOnDisposalOfPropertyAndEquipments
usd
CY2023Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
usd
CY2022Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
usd
CY2022Q1 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
usd
CY2023Q1 gtec Proceeds From Related Parties
ProceedsFromRelatedParties
usd
CY2022Q1 gtec Proceeds From Related Parties
ProceedsFromRelatedParties
usd
CY2023Q1 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
usd
CY2022Q1 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
usd
CY2022Q1 gtec Prepayment Of Leasefinancing Obligations
PrepaymentOfLeasefinancingObligations
usd
CY2023Q1 gtec Proceeds From Equity And Debt Financing
ProceedsFromEquityAndDebtFinancing
usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2022Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2023Q1 gtec Fixed Assets Decoration
FixedAssetsDecoration
usd
CY2022Q1 gtec Restricted Stock Vested Not Issued
RestrictedStockVestedNotIssued
usd
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001735041

Files In Submission

Name View Source Status
0001213900-23-041534-index-headers.html Edgar Link pending
0001213900-23-041534-index.html Edgar Link pending
0001213900-23-041534.txt Edgar Link pending
0001213900-23-041534-xbrl.zip Edgar Link pending
f10q0323ex10-3_greenlandtech.htm Edgar Link pending
f10q0323ex31-1_greenlandtech.htm Edgar Link pending
f10q0323ex31-2_greenlandtech.htm Edgar Link pending
f10q0323ex32-1_greenlandtech.htm Edgar Link pending
f10q0323ex32-2_greenlandtech.htm Edgar Link pending
f10q0323_greenlandtech.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gtec-20230331.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
gtec-20230331_cal.xml Edgar Link unprocessable
gtec-20230331_def.xml Edgar Link unprocessable
gtec-20230331_lab.xml Edgar Link unprocessable
gtec-20230331_pre.xml Edgar Link unprocessable
f10q0323_greenlandtech_htm.xml Edgar Link completed
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R89.htm Edgar Link pending
R9.htm Edgar Link pending
R90.htm Edgar Link pending
R91.htm Edgar Link pending
R92.htm Edgar Link pending
R93.htm Edgar Link pending
R94.htm Edgar Link pending
R95.htm Edgar Link pending
R96.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending