2024 Q2 Form 20-F Financial Statement
#000121390024091443 Filed on October 29, 2024
Income Statement
Concept | 2024 Q2 | 2024 | 2023 Q2 |
---|---|---|---|
Revenue | $48.52M | $48.52M | $28.23M |
YoY Change | 71.88% | 71.88% | 74.72% |
Cost Of Revenue | $45.77M | $45.77M | $26.17M |
YoY Change | 74.91% | 74.91% | 68.73% |
Gross Profit | $2.750M | $2.750M | $2.062M |
YoY Change | 33.38% | 33.38% | 217.86% |
Gross Profit Margin | 5.67% | 5.67% | 7.3% |
Selling, General & Admin | $953.1K | $953.1K | $808.1K |
YoY Change | 17.95% | 17.96% | 191.28% |
% of Gross Profit | 34.65% | 34.66% | 39.19% |
Research & Development | $79.99K | $79.99K | $58.16K |
YoY Change | 37.53% | 37.91% | -43.27% |
% of Gross Profit | 2.91% | 2.91% | 2.82% |
Depreciation & Amortization | $10.57K | $6.700K | |
YoY Change | 25.8% | 318.75% | |
% of Gross Profit | 0.38% | 0.32% | |
Operating Expenses | $1.033M | $1.033M | $866.3K |
YoY Change | 19.26% | 19.3% | 127.99% |
Operating Profit | $1.717M | $1.717M | $1.196M |
YoY Change | 43.61% | 43.58% | 344.92% |
Interest Expense | $34.91K | $34.91K | -$20.90K |
YoY Change | -267.03% | -266.24% | 109.84% |
% of Operating Profit | 2.03% | 2.03% | -1.75% |
Other Income/Expense, Net | -$16.91K | $18.00K | $15.50K |
YoY Change | -209.1% | 12.51% | 1862.03% |
Pretax Income | $1.735M | $1.735M | $1.190M |
YoY Change | 45.77% | 45.82% | 358.56% |
Income Tax | $443.6K | $443.6K | $220.7K |
% Of Pretax Income | 25.56% | 25.56% | 18.54% |
Net Earnings | $1.292M | $1.292M | $969.8K |
YoY Change | 33.2% | 33.16% | 296.48% |
Net Earnings / Revenue | 2.66% | 2.66% | 3.44% |
Basic Earnings Per Share | $0.04 | ||
Diluted Earnings Per Share | $0.04 | $0.04 | $0.03 |
COMMON SHARES | |||
Basic Shares Outstanding | 30.60M shares | ||
Diluted Shares Outstanding | 30.60M shares |
Balance Sheet
Concept | 2024 Q2 | 2024 | 2023 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $6.919M | $6.919M | $1.299M |
YoY Change | 432.65% | 432.65% | |
Cash & Equivalents | $6.656M | $6.656M | $1.203M |
Short-Term Investments | $263.5K | $263.5K | $95.80K |
Other Short-Term Assets | $8.262M | $8.262M | $2.405M |
YoY Change | 243.58% | 243.58% | |
Inventory | |||
Prepaid Expenses | $3.351M | ||
Receivables | $226.7K | $198.7K | -$29.60K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $15.38M | $15.38M | $3.674M |
YoY Change | 318.6% | 318.6% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $126.7K | $126.7K | $233.4K |
YoY Change | -45.7% | -45.7% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | $0.00 | $556.8K |
YoY Change | -100.0% | -100.0% | |
Total Long-Term Assets | $126.7K | $126.7K | $790.1K |
YoY Change | -83.96% | -83.96% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $15.38M | $15.38M | $3.674M |
Total Long-Term Assets | $126.7K | $126.7K | $790.1K |
Total Assets | $15.51M | $15.51M | $4.464M |
YoY Change | 247.35% | 247.35% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $653.7K | $653.7K | $54.70K |
YoY Change | 1095.05% | 1095.05% | |
Accrued Expenses | $102.4K | $102.4K | $131.1K |
YoY Change | -21.86% | -21.86% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $833.5K | $833.5K | $511.4K |
YoY Change | 62.99% | 62.99% | |
Long-Term Debt Due | $27.34K | ||
YoY Change | |||
Total Short-Term Liabilities | $3.867M | $3.867M | $2.577M |
YoY Change | 50.07% | 50.07% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $301.7K | $301.7K | $249.1K |
YoY Change | 21.11% | 21.11% | |
Other Long-Term Liabilities | $66.37K | $66.37K | $72.10K |
YoY Change | -7.95% | -7.95% | |
Total Long-Term Liabilities | $368.0K | $368.1K | $321.2K |
YoY Change | 14.58% | 14.59% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.867M | $3.867M | $2.577M |
Total Long-Term Liabilities | $368.0K | $368.1K | $321.2K |
Total Liabilities | $4.235M | $4.235M | $2.898M |
YoY Change | 46.14% | 46.14% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $723.2K | -$568.5K | |
YoY Change | -227.22% | ||
Common Stock | $10.59M | $2.177M | |
YoY Change | 386.49% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $11.27M | $11.27M | $1.567M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $15.51M | $15.51M | $4.464M |
YoY Change | 247.35% | 247.35% |
Cashflow Statement
Concept | 2024 Q2 | 2024 | 2023 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $1.292M | $1.292M | $969.8K |
YoY Change | 33.2% | 33.16% | 296.48% |
Depreciation, Depletion And Amortization | $10.57K | $6.700K | |
YoY Change | 25.8% | 318.75% | |
Cash From Operating Activities | -$747.6K | -$1.077M | |
YoY Change | -14.28% | -1086.36% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $55.37K | $41.90K | |
YoY Change | 21.69% | 381.61% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$3.074M | ||
YoY Change | |||
Cash From Investing Activities | -$3.129M | -$41.90K | |
YoY Change | 6777.04% | 381.61% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $8.975M | $0.00 | |
YoY Change | 350.05% | -100.0% | |
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $9.324M | -153.0K | |
YoY Change | 417.23% | -318.26% | |
NET CHANGE | |||
Cash From Operating Activities | -$747.6K | -1.077M | |
Cash From Investing Activities | -$3.129M | -41.90K | |
Cash From Financing Activities | $9.324M | -153.0K | |
Net Change In Cash | $5.453M | -1.272M | |
YoY Change | 516.11% | -845.6% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$747.6K | -$1.077M | |
Capital Expenditures | $55.37K | $41.90K | |
Free Cash Flow | -$802.9K | -$1.119M | |
YoY Change | -12.5% | -1213.43% |
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Haoxi Health Technology Limited | |
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Room 801, Tower C, Floor 8, Building 103 | |
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CY2023 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
1037932 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
307624 | usd |
CY2024 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2024 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.01 | |
CY2024 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
30600000 | shares |
CY2024 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
30600000 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
27613333 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
27613333 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25000000 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25000000 | shares |
CY2021Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1931018 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
244587 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
157709 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
63037 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1465685 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
969752 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1994258 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
68180 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1566505 | usd |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1291667 | usd |
CY2024 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
8413396 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
387 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11271955 | usd |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
1291667 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
969752 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
244587 | usd |
CY2024 | us-gaap |
Depreciation
Depreciation
|
10567 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
8393 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
2212 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
217900 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
4279 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-665618 | usd |
CY2024 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
2723828 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
2473178 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
|
-439423 | usd |
CY2024 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
175298 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-51862 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-8088 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
623168 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1201034 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1604129 | usd |
CY2024 | us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
-328077 | usd |
CY2023 | us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
1393774 | usd |
CY2022 | us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
-369220 | usd |
CY2024 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
60069 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
14406 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-31572 | usd |
CY2024 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
708658 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
330316 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-29025 | usd |
CY2024 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
90377 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
7618 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-90409 | usd |
CY2024 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
90377 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
29402 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-87689 | usd |
CY2024 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
3398 | usd |
CY2023 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
16072 | usd |
CY2022 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
-4063 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-747576 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-872132 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-675361 | usd |
CY2024 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
55367 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
45500 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
8698 | usd |
CY2024 | us-gaap |
Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
|
3073684 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-3129051 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-45500 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8698 | usd |
CY2024 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
478404 | usd |
CY2023 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
453123 | usd |
CY2022 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
329869 | usd |
CY2024 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
115934 | usd |
CY2023 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
345604 | usd |
CY2022 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
52062 | usd |
CY2024 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-14329 | usd |
CY2023 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
21038 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
-811260 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
1302752 | usd |
CY2024 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
8975416 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1994258 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
163920 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
259311 | usd |
CY2023 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
579558 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9323557 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1802568 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
933219 | usd |
CY2024 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
5601 | usd |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
24756 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-11534 | usd |
CY2024 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
5452531 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
909692 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
237626 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1203203 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
293511 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
55886 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6655734 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1203203 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
293511 | usd |
CY2024 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
27570 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
7388 | usd |
CY2024 | us-gaap |
Interest Paid Net
InterestPaidNet
|
37265 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
19775 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
206 | usd |
CY2023 | hao |
Operating Right Of Use Asset
OperatingRightOfUseAsset
|
89544 | usd |
CY2022 | hao |
Operating Right Of Use Asset
OperatingRightOfUseAsset
|
88528 | usd |
CY2024 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2022-08-05 | |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>(c) Use of estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In preparing the CFS in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the CFS, as well as the reported amounts of revenue and expenses during the reporting periods. Significant items subject to such estimates and assumptions include, but are not limited to, the assessment of the allowance for doubtful accounts, useful lives of property and equipment and intangible assets, the recoverability of long-lived assets, uncertain tax position, purchase price allocations for business combination, impairment assessment for goodwill and realization of deferred tax assets. Actual results could differ from those estimates.</p> | |
CY2024 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
94963 | usd |
CY2023 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
86186 | usd |
CY2022 | us-gaap |
Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
|
41144 | usd |
CY2024 | hao |
Value Added Tax Percentage
ValueAddedTaxPercentage
|
0.06 | pure |
CY2024Q2 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
7.1268 | pure |
CY2023Q2 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
7.2258 | pure |
CY2022Q2 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
6.7114 | pure |
CY2024Q2 | us-gaap |
Derivative Forward Exchange Rate1
DerivativeForwardExchangeRate1
|
7.1592 | pure |
CY2023Q2 | us-gaap |
Derivative Forward Exchange Rate1
DerivativeForwardExchangeRate1
|
6.9415 | pure |
CY2022Q2 | us-gaap |
Derivative Forward Exchange Rate1
DerivativeForwardExchangeRate1
|
6.4571 | pure |
CY2015Q2 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
500000 | cny |
CY2015Q2 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
70000 | usd |
CY2024Q2 | hao |
Advances For Products And Services Purchasing From Third Parties
AdvancesForProductsAndServicesPurchasingFromThirdParties
|
5174302 | usd |
CY2023Q2 | hao |
Advances For Products And Services Purchasing From Third Parties
AdvancesForProductsAndServicesPurchasingFromThirdParties
|
2404680 | usd |
CY2024Q2 | us-gaap |
Supplies
Supplies
|
5174302 | usd |
CY2023Q2 | us-gaap |
Supplies
Supplies
|
2404680 | usd |
CY2024Q2 | hao |
Loans To Third Parties
LoansToThirdParties
|
3087665 | usd |
CY2024Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
263445 | usd |
CY2023Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
95840 | usd |
CY2024Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
3351110 | usd |
CY2024Q2 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
28063 | usd |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
37366 | usd |
CY2024Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3323047 | usd |
CY2023Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
58474 | usd |
CY2024 | us-gaap |
Short Term Debt Terms
ShortTermDebtTerms
|
1 year | |
CY2024Q2 | us-gaap |
Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
|
0.08 | pure |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
37366 | usd |
CY2022Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
2980 | usd |
CY2024 | us-gaap |
Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
|
-9303 | usd |
CY2023 | us-gaap |
Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
|
34386 | usd |
CY2024Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
28063 | usd |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
37366 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
156448 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
154305 | usd |
CY2024Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
29705 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
10469 | usd |
CY2024Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
126743 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
143836 | usd |
CY2024Q2 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
653694 | usd |
CY2023Q2 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
27312 | usd |
us-gaap |
Payments For Rent
PaymentsForRent
|
431460 | cny | |
us-gaap |
Payments For Rent
PaymentsForRent
|
65103 | usd | |
CY2024 | us-gaap |
Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
|
On June 21, 2021, Haoxi BJ extended the lease to June 30, 2023 | |
CY2021Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
675120 | cny |
CY2021Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
104555 | usd |
CY2022Q3 | us-gaap |
Payments For Rent
PaymentsForRent
|
660000 | cny |
CY2022Q3 | us-gaap |
Payments For Rent
PaymentsForRent
|
92189 | usd |
CY2023Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
89544 | usd |
CY2023Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
89544 | usd |
CY2024 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
176676 | usd |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
182218 | usd |
CY2024Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y | |
CY2024Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0475 | pure |
CY2023Q1 | hao |
Down Payment
DownPayment
|
200000 | cny |
CY2023Q1 | hao |
Down Payment
DownPayment
|
28063 | usd |
CY2023Q1 | hao |
Loan Repayment Period
LoanRepaymentPeriod
|
P3Y | |
CY2023Q1 | us-gaap |
Repayments Of Debt Maturing In More Than Three Months
RepaymentsOfDebtMaturingInMoreThanThreeMonths
|
24698 | cny |
CY2023Q1 | us-gaap |
Repayments Of Debt Maturing In More Than Three Months
RepaymentsOfDebtMaturingInMoreThanThreeMonths
|
3466 | usd |
CY2024 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
5706 | usd |
CY2024Q2 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
4336 | usd |
CY2024Q2 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
1110 | usd |
CY2024Q2 | us-gaap |
Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
|
3226 | usd |
CY2024 | us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P20M | |
CY2024 | hao |
Required Rate Of Return Required By Lender Rate
RequiredRateOfReturnRequiredByLenderRate
|
0.0699 | pure |
CY2024 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
70701 | usd |
CY2024Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
833521 | usd |
CY2023Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
511409 | usd |
CY2024Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
301678 | usd |
CY2024Q2 | us-gaap |
Loans Payable
LoansPayable
|
115934 | usd |
CY2024Q2 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
395475 | usd |
CY2023Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
511409 | usd |
CY2024 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
41186 | usd |
CY2023 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
19775 | usd |
CY2024 | hao |
Future Income Tax Description
FutureIncomeTaxDescription
|
The PRC State Tax Bureau further stipulates that annual taxable income less than RMB 3 million ($420,000) is subject to an effective EIT rate of 5% from January 1 to December 31, 2027. | |
CY2024 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
443582 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
220653 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
15008 | usd |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.25 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.25 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
|
-0.25 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
0 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
-0.065 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
|
-0.192 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.25 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.185 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.058 | pure |
CY2024Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
142115 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
142115 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
384553 | usd |
CY2024Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
142115 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
142115 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
384553 | usd |
CY2024Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
142115 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
142115 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
384553 | usd |
CY2024Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
142115 | usd |
CY2024Q2 | hao |
Value Added Tax Payable
ValueAddedTaxPayable
|
366720 | usd |
CY2023Q2 | hao |
Value Added Tax Payable
ValueAddedTaxPayable
|
75133 | usd |
CY2022Q2 | hao |
Value Added Tax Payable
ValueAddedTaxPayable
|
-24298 | usd |
CY2024Q2 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
675842 | usd |
CY2023Q2 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
250868 | usd |
CY2022Q2 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
35490 | usd |
CY2024Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
|
1796 | usd |
CY2023Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
|
2092 | usd |
CY2022Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
|
410 | usd |
CY2024Q2 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
1044357 | usd |
CY2023Q2 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
328093 | usd |
CY2022Q2 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
11601 | usd |
CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
usd | |
CY2024Q2 | us-gaap |
Deferred Costs
DeferredCosts
|
usd | |
CY2024Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
usd | |
CY2024Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
usd | |
CY2024Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
usd | |
CY2023 | us-gaap |
Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
|
usd | |
CY2024 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | |
CY2024 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
usd | |
CY2024 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
usd | |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2024 | hao |
Operating Right Of Use Asset
OperatingRightOfUseAsset
|
usd | |
CY2024Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
usd | |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
usd | |
CY2024Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
usd | |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
usd | |
CY2023Q2 | hao |
Loans To Third Parties
LoansToThirdParties
|
usd | |
CY2023Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
usd | |
CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
usd | |
CY2024Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
usd | |
CY2024Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2023Q2 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2024 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2024 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2024 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
00000 | |
CY2024 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001954594 |