2024 Q3 Form 10-Q Financial Statement

#000121390024068988 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $18.83M $23.02M
YoY Change -13.75% -2.34%
Cost Of Revenue $13.87M $16.24M
YoY Change -10.92% -2.39%
Gross Profit $4.966M $6.774M
YoY Change -20.78% -2.22%
Gross Profit Margin 26.37% 29.43%
Selling, General & Admin $1.600M $1.665M
YoY Change -27.84% -20.49%
% of Gross Profit 32.21% 24.57%
Research & Development $440.0K $1.123M
YoY Change -64.68% -21.21%
% of Gross Profit 8.86% 16.58%
Depreciation & Amortization $560.4K $502.6K
YoY Change 0.07% -4.01%
% of Gross Profit 11.29% 7.42%
Operating Expenses $2.038M $2.788M
YoY Change -41.15% -20.78%
Operating Profit $2.928M $3.986M
YoY Change 4.34% 16.94%
Interest Expense $227.9K $179.7K
YoY Change 212.33% 126.05%
% of Operating Profit 7.78% 4.51%
Other Income/Expense, Net $208.7K $518.3K
YoY Change -112.54% -502.53%
Pretax Income $703.5K $6.554M
YoY Change -34.48% 101.97%
Income Tax $344.3K $680.8K
% Of Pretax Income 48.93% 10.39%
Net Earnings -$684.4K $4.651M
YoY Change -22.88% 93.86%
Net Earnings / Revenue -3.63% 20.21%
Basic Earnings Per Share -$0.05 $0.34
Diluted Earnings Per Share -$0.05 $0.34
COMMON SHARES
Basic Shares Outstanding 13.59M shares 13.59M shares
Diluted Shares Outstanding 13.59M shares 13.59M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.69M $22.62M
YoY Change -4.68% 8.33%
Cash & Equivalents $17.63M $17.12M
Short-Term Investments $7.054M $5.504M
Other Short-Term Assets $5.472M $6.489M
YoY Change 18.95% 1628.09%
Inventory $21.84M $20.25M
Prepaid Expenses
Receivables $20.27M $21.88M
Other Receivables $27.91M $31.19M
Total Short-Term Assets $100.2M $102.4M
YoY Change -27.89% -23.16%
LONG-TERM ASSETS
Property, Plant & Equipment $13.82M $15.59M
YoY Change 0.68% 10.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $390.4K $475.1K
YoY Change 53.83% 85.62%
Total Long-Term Assets $27.32M $24.32M
YoY Change 33.93% 16.46%
TOTAL ASSETS
Total Short-Term Assets $100.2M $102.4M
Total Long-Term Assets $27.32M $24.32M
Total Assets $127.5M $126.8M
YoY Change -19.97% -17.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.34M $24.79M
YoY Change 2.37% -0.76%
Accrued Expenses $1.700M $1.548M
YoY Change 27.13% 44.28%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $59.70M $63.98M
YoY Change -15.4% -2.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $6.515M $3.995M
YoY Change 91.62% 11.91%
Total Long-Term Liabilities $6.515M $3.995M
YoY Change 92.5% 11.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.70M $63.98M
Total Long-Term Liabilities $6.515M $3.995M
Total Liabilities $66.21M $67.98M
YoY Change -10.46% -1.28%
SHAREHOLDERS EQUITY
Retained Earnings $25.00M $25.69M
YoY Change -37.78% -37.46%
Common Stock $30.29M $30.29M
YoY Change -8.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $57.13M $56.28M
YoY Change
Total Liabilities & Shareholders Equity $127.5M $126.8M
YoY Change -19.97% -17.79%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$684.4K $4.651M
YoY Change -22.88% 93.86%
Depreciation, Depletion And Amortization $560.4K $502.6K
YoY Change 0.07% -4.01%
Cash From Operating Activities $6.059M $11.35M
YoY Change 630.04% -373.54%
INVESTING ACTIVITIES
Capital Expenditures $134.2K $97.15K
YoY Change -56.72% -62.63%
Acquisitions
YoY Change
Other Investing Activities -$1.670K $2.560K
YoY Change -100.09% -100.49%
Cash From Investing Activities -$135.8K -$94.59K
YoY Change -108.76% -81.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.902M -9.826M
YoY Change -1633.85% -322.89%
NET CHANGE
Cash From Operating Activities 6.059M 11.35M
Cash From Investing Activities -135.8K -94.59K
Cash From Financing Activities -6.902M -9.826M
Net Change In Cash -978.8K 1.426M
YoY Change -134.59% -643.33%
FREE CASH FLOW
Cash From Operating Activities $6.059M $11.35M
Capital Expenditures $134.2K $97.15K
Free Cash Flow $5.925M $11.25M
YoY Change 1039.46% -355.2%

Facts In Submission

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13594530 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12978504 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13594530 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12978504 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.3
CY2023Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
317332 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
87693669 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
2940196 usd
CY2023Q2 us-gaap Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
703595 usd
CY2023Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-4591131 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
85339139 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
50653401 usd
CY2024Q1 us-gaap Profit Loss
ProfitLoss
3569248 usd
CY2024Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-908762 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
53313887 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
5873184 usd
CY2024Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-404372 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
58782699 usd
us-gaap Profit Loss
ProfitLoss
9442432 usd
us-gaap Profit Loss
ProfitLoss
5398770 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1092484 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1066325 usd
gtec Amortization Of Deffered Subsidy
AmortizationOfDefferedSubsidy
113743 usd
gtec Amortization Of Deffered Subsidy
AmortizationOfDefferedSubsidy
-87035 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
556 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-239 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
568744 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
397304 usd
gtec Increase In Provision For Inventory
IncreaseInProvisionForInventory
120097 usd
gtec Increase In Provision For Inventory
IncreaseInProvisionForInventory
-55037 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-2904324 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-203057 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-71923 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
308146 usd
gtec Accrued Interest Income Derived From Loan To Rp
AccruedInterestIncomeDerivedFromLoanToRP
2385 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
905066 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
6380475 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8007656 usd
us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
4483926 usd
us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
4208864 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3963162 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1778487 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
353208 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
707627 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1968116 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3096994 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
103191 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1442661 usd
gtec Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
358073 usd
gtec Increase Decrease In Customer Deposit
IncreaseDecreaseInCustomerDeposit
1411 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-735426 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-436370 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-191614 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-190000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
82145 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-298059 usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-174070 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2924158 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-391716 usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
1282177 usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
277696 usd
gtec Repayment Of Loans Lend To Third Parties
RepaymentOfLoansLendToThirdParties
693001 usd
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
50000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1975178 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-327696 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
5544006 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2598040 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
8537769 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
3894173 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
-4492414 usd
us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
1286200 usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
214245 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1876362 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
433007 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
703595 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7486177 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
944072 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-6537197 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
224660 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-626163 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-905766 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28189387 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19729056 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21026027 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19047950 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17119889 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15232289 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3906138 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3815661 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1236359 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
548034 usd
us-gaap Interest Paid Net
InterestPaidNet
50283 usd
us-gaap Interest Paid Net
InterestPaidNet
152462 usd
gtec Transmission Product Sale Of Sets
TransmissionProductSaleOfSets
80496 pure
gtec Transmission Product Sale Of Sets
TransmissionProductSaleOfSets
75097 pure
gtec Electric Industrial Vehicles Description
ElectricIndustrialVehiclesDescription
HEVI’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. In addition, HEVI introduced a line of mobile DC battery chargers that support DC powered EV applications in the North America market. 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.
gtec Percentage Of Outstanding Ordinary Shares
PercentageOfOutstandingOrdinaryShares
0.4569 pure
CY2007Q2 us-gaap Equity Ownership Percentage Excluding Consolidated Entity And Equity Method Investee
EquityOwnershipPercentageExcludingConsolidatedEntityAndEquityMethodInvestee
0.754717 pure
CY2010Q2 us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
2600000 usd
gtec Percentage Of Voting Power
PercentageOfVotingPower
0.50 pure
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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 six months ended June 30, 2024 and 2023 include allowance for expected credit losses, reserve for inventories, fair value of warrant liability, useful life of property, plant and equipment, assumptions used in assessing impairment of long-term assets, estimates used in accounting for leases in accordance with FASB ASC 842, Leases and valuation of deferred tax assets and accruals for taxes due.</p>
CY2024Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
7.2672 pure
CY2023Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
7.0999 pure
CY2024Q2 gtec Foreign Currency Average Exchange Rate Translation1
ForeignCurrencyAverageExchangeRateTranslation1
7.215 pure
CY2023Q2 gtec Foreign Currency Average Exchange Rate Translation1
ForeignCurrencyAverageExchangeRateTranslation1
6.8423 pure
CY2024Q2 us-gaap Short Term Investments
ShortTermInvestments
5504183 usd
CY2024Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
-1180281 usd
CY2024Q2 us-gaap Fair Value Net Asset Liability
FairValueNetAssetLiability
6684464 usd
CY2024Q2 gtec Advance To Supplier
AdvanceToSupplier
640000 usd
CY2023Q4 gtec Advance To Supplier
AdvanceToSupplier
290000 usd
gtec Straightline Method Lease Term
StraightlineMethodLeaseTerm
P50Y
CY2024Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.0004 pure
CY2023Q2 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.0005 pure
gtec Percentage Of Warrants Expenditures Amount
PercentageOfWarrantsExpendituresAmount
0.0046 pure
gtec Percentage Of Warrants Expenditures Amount
PercentageOfWarrantsExpendituresAmount
0.0023 pure
CY2024Q2 us-gaap Revenues
Revenues
23017260 usd
CY2023Q2 us-gaap Revenues
Revenues
23569449 usd
us-gaap Revenues
Revenues
45740851 usd
us-gaap Revenues
Revenues
45718809 usd
CY2024Q2 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
1120000 usd
CY2023Q2 us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
1430000 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
2110000 usd
us-gaap Other Research And Development Expense
OtherResearchAndDevelopmentExpense
2550000 usd
CY2024Q2 us-gaap Other Long Term Debt
OtherLongTermDebt
1380000 usd
CY2023Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
1530000 usd
us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.50 pure
gtec Owned Foreign Enterprise Percentage
OwnedForeignEnterprisePercentage
0.10 pure
gtec Registered Capital Percentage
RegisteredCapitalPercentage
0.50 pure
us-gaap Number Of Reporting Units
NumberOfReportingUnits
1 pure
us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.10 pure
us-gaap General Insurance Expense
GeneralInsuranceExpense
500000 cny
CY2024Q2 us-gaap Time Deposits At Or Above Fdic Insurance Limit
TimeDepositsAtOrAboveFDICInsuranceLimit
250000 usd
CY2024Q2 gtec Bank Account Balance
BankAccountBalance
93754 usd
CY2023Q4 gtec Bank Account Balance
BankAccountBalance
3797076 usd
CY2024Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024Q2 us-gaap Short Term Investments
ShortTermInvestments
5504183 usd
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
2818068 usd
CY2024Q2 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
5544006 usd
CY2024Q2 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
40000000 cny
CY2024Q2 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
5504183 usd
CY2024Q2 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
40000000 cny
CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
9703755 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
8451944 usd
CY2024Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
23295414 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
17351398 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1412545 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
867865 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
21882869 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
16483533 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
867865 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
762325 usd
gtec Additional Provision Charged To Expense
AdditionalProvisionChargedToExpense
-568744 usd
CY2023 gtec Additional Provision Charged To Expense
AdditionalProvisionChargedToExpense
-127646 usd
gtec Effect Of Fx Change
EffectOfFXChange
24064 usd
CY2023 gtec Effect Of Fx Change
EffectOfFXChange
22106 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1412545 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
867865 usd
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
7379602 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
9337110 usd
CY2024Q2 gtec Inventory Revolving Material
InventoryRevolvingMaterial
1121164 usd
CY2023Q4 gtec Inventory Revolving Material
InventoryRevolvingMaterial
1143558 usd
CY2024Q2 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
32026 usd
CY2023Q4 us-gaap Inventory Work In Process And Raw Materials
InventoryWorkInProcessAndRawMaterials
60754 usd
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
2591658 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2501368 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
9638318 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
12192937 usd
CY2024Q2 us-gaap Inventory Adjustments
InventoryAdjustments
511433 usd
CY2023Q4 us-gaap Inventory Adjustments
InventoryAdjustments
638932 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
20251335 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
24596795 usd
srt Significant Changes In Reserves
SignificantChangesInReserves
Changes in the inventory reserves are as follows:    As of     June 30, 2024   December 31, 2023  Beginning balance  $638,932   $375,846  (Reversal of) inventory write-downs   (120,097)   271,233  Effect of foreign exchange change   (7,402)   (8,147) Ending balance  $511,433   $638,932 
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
638932 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
375846 usd
us-gaap Inventory Write Down
InventoryWriteDown
-120097 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
271233 usd
us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
7402 usd
CY2023 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
8147 usd
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
511433 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
638932 usd
CY2024Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
30962280 usd
CY2023Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
27135249 usd
CY2024Q2 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
20520000 usd
CY2024Q2 us-gaap Bank Acceptances Executed
BankAcceptancesExecuted
17420000 usd
CY2023Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
21850000 usd
CY2023Q4 us-gaap Bank Acceptances Executed
BankAcceptancesExecuted
19350000 usd
us-gaap Depreciation
Depreciation
1000000 usd
us-gaap Depreciation
Depreciation
1070000.00 usd
us-gaap Cost Of Revenue
CostOfRevenue
610000 usd
us-gaap Cost Of Revenue
CostOfRevenue
600000 usd
CY2024Q2 us-gaap Other Restricted Assets
OtherRestrictedAssets
1914212 usd
CY2023Q4 us-gaap Other Restricted Assets
OtherRestrictedAssets
2024994 usd
CY2024Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
60010000.00 cny
CY2024Q2 us-gaap Land
Land
4233626 usd
CY2023Q4 us-gaap Land
Land
4333386 usd
CY2024Q2 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
906847 usd
CY2023Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
884881 usd
CY2024Q2 us-gaap Land Improvements
LandImprovements
3326779 usd
CY2023Q4 us-gaap Land Improvements
LandImprovements
3448505 usd
CY2024Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
1100000 usd
CY2023Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
1140000 usd
CY2024Q2 us-gaap Present Value Of Future Insurance Profits Amortization Expense Remainder Of Fiscal Year
PresentValueOfFutureInsuranceProfitsAmortizationExpenseRemainderOfFiscalYear
85285 usd
CY2024Q2 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year One
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearOne
85285 usd
CY2024Q2 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Two
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearTwo
85285 usd
CY2024Q2 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Three
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearThree
85285 usd
CY2024Q2 us-gaap Present Value Of Future Insurance Profits Amortization Expense Year Four
PresentValueOfFutureInsuranceProfitsAmortizationExpenseYearFour
85285 usd
CY2024Q2 gtec Present Value Of Future Insurance Profits Amortization Expense Thereafter
PresentValueOfFutureInsuranceProfitsAmortizationExpenseThereafter
2900354 usd
CY2024Q2 gtec Present Values Of Future Insurance Profits Amortization Expense
PresentValuesOfFutureInsuranceProfitsAmortizationExpense
3326779 usd
CY2024Q2 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
4342574 usd
CY2023Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
9916308 usd
CY2024Q2 gtec Deposit Term
DepositTerm
P3Y
gtec Fixed Deposit Description
FixedDepositDescription
Fixed deposits will expire in 2026.
CY2024Q2 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
31407248 usd
CY2023Q4 us-gaap Notes Payable To Bank Current
NotesPayableToBankCurrent
36712562 usd
CY2024Q2 us-gaap Notes Payable Current
NotesPayableCurrent
31407248 usd
CY2023Q4 us-gaap Notes Payable Current
NotesPayableCurrent
36712562 usd
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
3910000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
5210000 usd
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
20520000 usd
CY2023 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
21850000 usd
CY2024Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
24793173 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
25272528 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
3042296 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
3042296 usd
gtec Short Term Debt Term
ShortTermDebtTerm
P1Y
CY2022Q2 us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
8280000 usd
CY2022Q2 us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
60010000.00 cny
CY2024Q2 us-gaap Derivative Average Fixed Interest Rate
DerivativeAverageFixedInterestRate
0.03122 pure
CY2023Q2 us-gaap Derivative Average Fixed Interest Rate
DerivativeAverageFixedInterestRate
0.03805 pure
CY2024Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
111858 usd
CY2023Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
807615 usd
CY2024Q2 gtec Other Tax Payables
OtherTaxPayables
262458 usd
CY2023Q4 gtec Other Tax Payables
OtherTaxPayables
507464 usd
CY2024Q2 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
108624 usd
CY2023Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
115443 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1548415 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
660985 usd
CY2024Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
2031355 usd
CY2023Q4 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
2091507 usd
CY2024Q2 gtec Subsidy Income
SubsidyIncome
1381686 usd
CY2023Q4 gtec Subsidy Income
SubsidyIncome
1529831 usd
CY2024Q2 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1381686 usd
CY2023Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
1529831 usd
gtec Grant Income Incentives
GrantIncomeIncentives
150000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1871826 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2125542 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
495693 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
487695 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1432987 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1684614 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1928680 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2172309 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y5M1D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y1M2D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0427 pure
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.045 pure
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
308146 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
308407 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
308146 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
308407 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
580899 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
597688 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
615067 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
315756 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2109410 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
180730 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1928680 usd
CY2022Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
4530000 shares
CY2022Q3 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
4.49
CY2023Q1 gtec Warrant Expire Date
WarrantExpireDate
2028-01-26
CY2024Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4530000 shares
CY2023Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4530000 shares
CY2024Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1180281 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
4084605 usd
CY2023Q4 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
4084605 usd
gtec Gain On Investor Warrant Recognized
GainOnInvestorWarrantRecognized
-2904324 usd
CY2024Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1180281 usd
gtec Warrants Expire Year
WarrantsExpireYear
P5Y
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.01
CY2024Q2 us-gaap Share Price
SharePrice
16.5
CY2023Q1 gtec Warrant Expire Date
WarrantExpireDate
2028-01-26
gtec Payment Of Cash
PaymentOfCash
100 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
4650910 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
2399138 usd
us-gaap Net Income Loss
NetIncomeLoss
7153113 usd
us-gaap Net Income Loss
NetIncomeLoss
3846113 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13594530 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12978504 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13594530 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12978504 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13594530 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12978504 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13594530 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12978504 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.3
CY2024Q2 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
4530000 shares
CY2023Q2 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
4530000 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 pure
gtec Schedule Of Noncancellable Future Minimum Lease Payments Operating And Financing Leases
ScheduleOfNoncancellableFutureMinimumLeasePaymentsOperatingAndFinancingLeases
The following are the aggregate non-cancellable future minimum lease payments under operating and financing leases as of June 30, 2024:<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; border-bottom: Black 1.5pt solid">For the years ending June 30,</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; padding-bottom: 1.5pt">2025</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">34,460</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 4pt; padding-left: 9pt">Total lease payments</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">34,460</td><td style="padding-bottom: 4pt; font-weight: bold; text-align: left"> </td></tr> </table>
CY2024Q2 gtec Lessee Payments Remainder Of Fiscal Year
LesseePaymentsRemainderOfFiscalYear
34460 usd
CY2024Q2 gtec Lessee Liability Payments Due
LesseeLiabilityPaymentsDue
34460 usd
CY2024Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
7600000 usd
CY2019Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1340000 usd
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
usd
us-gaap Other Noncash Expense
OtherNoncashExpense
usd
gtec Accrued Interest Income Derived From Loan To Rp
AccruedInterestIncomeDerivedFromLoanToRP
usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
usd
us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
usd
gtec Repayment Of Loans Lend To Third Parties
RepaymentOfLoansLendToThirdParties
usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
us-gaap Payments Of Dividends
PaymentsOfDividends
usd
us-gaap General Insurance Expense
GeneralInsuranceExpense
70000 usd
CY2024Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
usd
gtec Preferred Shares Designated
PreferredSharesDesignated
shares
CY2023 gtec Preferred Shares Designated
PreferredSharesDesignated
shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
shares
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.53
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
usd
us-gaap Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001735041

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