2023 Q1 Form 10-K Financial Statement

#000182912623002018 Filed on March 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $6.580M $12.82M $72.51M
YoY Change
Cost Of Revenue $2.695M $6.750M $39.33M
YoY Change -79.93% -73.11% 130.74%
Gross Profit $3.885M $6.080M $33.18M
YoY Change -63.98% -90.13% -15.44%
Gross Profit Margin 59.05% 47.43% 45.76%
Selling, General & Admin $1.109M $1.470M $3.409M
YoY Change 61.99% -75.9% 8.28%
% of Gross Profit 28.54% 24.18% 10.27%
Research & Development $4.107M $31.68M $49.23M
YoY Change -37.33% 2.52% 115.83%
% of Gross Profit 105.71% 521.05% 148.38%
Depreciation & Amortization $27.05K $310.0K $69.10K
YoY Change -98.41% -81.76% 51.35%
% of Gross Profit 0.7% 5.1% 0.21%
Operating Expenses $7.690M $33.12M $54.39M
YoY Change 2875.72% 25182.44% 7382.39%
Operating Profit -$3.805M -$27.04M -$21.21M
YoY Change -216.17% -143.99% -271.44%
Interest Expense $100.0K $230.0K $250.0K
YoY Change 10001.01% 23611.34% 15143.9%
% of Operating Profit
Other Income/Expense, Net $162.0K $0.00 $156.4K
YoY Change -409.17% -100.0% -1143.5%
Pretax Income -$3.643M -$27.04M -$20.40M
YoY Change 1075.76% 18418.01% 2655.91%
Income Tax -$28.45K $50.00K -$122.8K
% Of Pretax Income
Net Earnings -$3.615M -$26.77M -$20.28M
YoY Change 1066.59% 18233.11% 2639.33%
Net Earnings / Revenue -54.94% -208.81% -27.97%
Basic Earnings Per Share -$68.13
Diluted Earnings Per Share -$0.07 -$0.53 -$0.40
COMMON SHARES
Basic Shares Outstanding 50.81M shares 50.81M shares 2.007M shares
Diluted Shares Outstanding 2.007M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.33M $21.91M $21.91M
YoY Change 69834.64% 44650.82% 44650.82%
Cash & Equivalents $20.33M $21.91M $21.91M
Short-Term Investments
Other Short-Term Assets $880.2K $894.5K $890.0K
YoY Change 1848.53% 839.87% 835.17%
Inventory $274.8K $254.9K $250.0K
Prepaid Expenses
Receivables $9.581M $11.65M $11.65M
Other Receivables $0.00 $10.00K $10.00K
Total Short-Term Assets $31.06M $34.72M $34.72M
YoY Change 41743.93% 23989.62% 23991.04%
LONG-TERM ASSETS
Property, Plant & Equipment $245.9K $238.9K $830.0K
YoY Change -95.53% -18.8% 176.67%
Goodwill $3.081M $3.067M
YoY Change 3.14%
Intangibles
YoY Change
Long-Term Investments $90.00K $0.00 $0.00
YoY Change -99.85% -100.0% -100.0%
Other Assets $80.00K $60.00K $60.00K
YoY Change -84.0% -85.0% -85.0%
Total Long-Term Assets $6.030M $6.185M $6.180M
YoY Change -89.62% -89.35% -89.36%
TOTAL ASSETS
Total Short-Term Assets $31.06M $34.72M $34.72M
Total Long-Term Assets $6.030M $6.185M $6.180M
Total Assets $37.09M $40.90M $40.90M
YoY Change -36.22% -29.74% -29.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.850M $8.870M $8.870M
YoY Change -86.11% -81.13% -81.13%
Accrued Expenses $230.0K $230.0K $1.230M
YoY Change 1143.24% 460.98% 2900.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $60.00K $60.00K
YoY Change
Long-Term Debt Due $400.0K $400.0K
YoY Change
Total Short-Term Liabilities $11.50M $11.76M $11.76M
YoY Change 2817.64% 5616.63% 5615.95%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $390.0K $440.0K $440.0K
YoY Change -81.69% -78.82% -78.82%
Total Long-Term Liabilities $390.0K $440.0K $440.0K
YoY Change -81.69% -78.82% -78.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.50M $11.76M $11.76M
Total Long-Term Liabilities $390.0K $440.0K $440.0K
Total Liabilities $12.02M $12.36M $12.40M
YoY Change 376.28% 441.2% 443.09%
SHAREHOLDERS EQUITY
Retained Earnings -$12.62M -$9.120M
YoY Change 326.21%
Common Stock $5.081K $5.081K
YoY Change 2871.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $25.14M $28.50M $28.50M
YoY Change
Total Liabilities & Shareholders Equity $37.09M $40.90M $40.90M
YoY Change -36.22% -29.74% -29.75%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$3.615M -$26.77M -$20.28M
YoY Change 1066.59% 18233.11% 2639.33%
Depreciation, Depletion And Amortization $27.05K $310.0K $69.10K
YoY Change -98.41% -81.76% 51.35%
Cash From Operating Activities -$1.465M -$24.89M -$20.01M
YoY Change 536.94% 32667.25% 2467.31%
INVESTING ACTIVITIES
Capital Expenditures $31.17K $10.00K $270.8K
YoY Change 4315.01% 1171.63%
Acquisitions
YoY Change
Other Investing Activities -$90.00K -$410.0K $1.980M
YoY Change 8990.91% 42168.04% -103.41%
Cash From Investing Activities -$118.9K -$430.0K $1.710M
YoY Change 11906.06% 44229.9% -102.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$102.3K 280.0K $33.27M
YoY Change -148.45% 211.11% -43.5%
NET CHANGE
Cash From Operating Activities -$1.465M -24.89M -$20.01M
Cash From Investing Activities -$118.9K -430.0K $1.710M
Cash From Financing Activities -$102.3K 280.0K $33.27M
Net Change In Cash -$1.581M -25.04M $14.38M
YoY Change 7854.89% -191683.78% 46516.1%
FREE CASH FLOW
Cash From Operating Activities -$1.465M -$24.89M -$20.01M
Capital Expenditures $31.17K $10.00K $270.8K
Free Cash Flow -$1.496M -$24.90M -$20.28M
YoY Change 548.5% 32680.41% 2432.86%

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0.10
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4878586 usd
CY2021 us-gaap Profit Loss
ProfitLoss
12750031 usd
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
-5025 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
17623592 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-20279224 usd
CY2022 HOLO Cancellation Of Outstanding Shares In Mc Held By Former Mc Shareholders
CancellationOfOutstandingSharesInMcHeldByFormerMcShareholders
-13511 usd
CY2022 HOLO Initial Common Share Of Golden Path
InitialCommonShareOfGoldenPath
171 usd
CY2022 HOLO Initial Common Shares Of Golden Path Subject To Possible Redemption
InitialCommonSharesOfGoldenPathSubjectToPossibleRedemption
575 usd
CY2022 HOLO Shares Converted From Rights
SharesConvertedFromRights
60 usd
CY2022 HOLO Issuance Of Common Stock To Finder
IssuanceOfCommonStockToFinder
38 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
32011551 usd
CY2022 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
218 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest
796039 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
28546995 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-20279224 usd
CY2021 us-gaap Profit Loss
ProfitLoss
12750031 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
1017125 usd
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
1047427 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
236154 usd
CY2022 HOLO Provision For Doubtful Account
ProvisionForDoubtfulAccount
442335 usd
CY2021 HOLO Provision For Doubtful Account
ProvisionForDoubtfulAccount
80875 usd
CY2022 HOLO Deferred Tax Benefits
DeferredTaxBenefits
-130848 usd
CY2021 HOLO Deferred Tax Benefits
DeferredTaxBenefits
-132130 usd
CY2021 HOLO Provision For Inventory Reserve
ProvisionForInventoryReserve
13818 usd
CY2021 us-gaap Interest And Other Income
InterestAndOtherIncome
98249 usd
CY2022 HOLO Impairment Loss For Unconsolidated Entities
ImpairmentLossForUnconsolidatedEntities
-237777 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-488 usd
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-57381 usd
CY2022 HOLO Change In Fair Value Of Warrant Liabilities
ChangeInFairValueOfWarrantLiabilities
656164 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2239932 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1801544 usd
CY2022 HOLO Prepayment And Other Current Assets
PrepaymentAndOtherCurrentAssets
823976 usd
CY2021 HOLO Prepayment And Other Current Assets
PrepaymentAndOtherCurrentAssets
-678662 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-24901 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-448062 usd
CY2022 HOLO Increase Decrease In Customer Advance And Deposits
IncreaseDecreaseInCustomerAdvanceAndDeposits
4858 usd
CY2021 HOLO Increase Decrease In Customer Advance And Deposits
IncreaseDecreaseInCustomerAdvanceAndDeposits
27832 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
2109052 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-943581 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-220287 usd
CY2022 HOLO Increase Decrease In Customer Advances Value
IncreaseDecreaseInCustomerAdvancesValue
378262 usd
CY2021 HOLO Increase Decrease In Customer Advances Value
IncreaseDecreaseInCustomerAdvancesValue
-109613 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
281149 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
324305 usd
CY2022 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-393376 usd
CY2021 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
217038 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-20011706 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
16163402 usd
CY2021 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-7846707 usd
CY2022 HOLO Loan To Third Parties
LoanToThirdParties
-1536561 usd
CY2021 HOLO Loan To Third Parties
LoanToThirdParties
-14166273 usd
CY2022 HOLO Repayments Of Debts
RepaymentsOfDebts
-3517456 usd
CY2021 HOLO Repayments Of Debts
RepaymentsOfDebts
-9087520 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
270756 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21292 usd
CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
94 usd
CY2021 HOLO Investments In Unconsolidated Entities
InvestmentsInUnconsolidatedEntities
-251095 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1710139 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13197753 usd
CY2021 HOLO Amounts Advanced From Related Parties
AmountsAdvancedFromRelatedParties
283436 usd
CY2022 HOLO Amounts Advanced To Related Parties
AmountsAdvancedToRelatedParties
-5986 usd
CY2021 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
1365811 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
55 usd
CY2021 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
1670263 usd
CY2022 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
13375 usd
CY2021 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
183221 usd
CY2022 HOLO Cash Received From Recapitalization
CashReceivedFromRecapitalization
33216420 usd
CY2022 HOLO Proceeds Of Thirdparty Loan
ProceedsOfThirdpartyLoan
74305 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
33271309 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-204237 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-593338 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-42590 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14376404 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2718822 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7533934 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4815112 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21910338 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7533934 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
609 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11306 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
5522 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
3166 usd
CY2022 HOLO Initial Recognition Of Rightofuse Assets And Lease Liabilities
InitialRecognitionOfRightofuseAssetsAndLeaseLiabilities
840185 usd
CY2022Q3 us-gaap Shares Subject To Mandatory Redemption Settlement Terms Number Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermsNumberOfShares
2182470 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
6020500 shares
CY2022 HOLO Reverse Recapitalization Amount
ReverseRecapitalizationAmount
33200000 usd
CY2022Q4 us-gaap Cash
Cash
21900000 usd
CY2022Q4 HOLO Working Capital
WorkingCapital
23000000.0 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_zUVnEPt00Ra9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86C_zXHdCYCCaDM6">Use of estimates and assumptions</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of 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 disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives of property and equipment and intangible assets, impairment of long-lived assets and goodwill, allowance for doubtful accounts, revenue recognition, inventory reserve, purchase price allocation for business combination, uncertain tax position, and deferred taxes. Actual results could differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Foreign Currency Transactions Description
ForeignCurrencyTransactionsDescription
RMB 1.00 to USD 0.1486
CY2021 us-gaap Foreign Currency Transactions Description
ForeignCurrencyTransactionsDescription
USD 0.1569
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
705060 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
296051 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
25584 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
27692 usd
CY2022Q4 HOLO Allowance For Noncurrent Prepayments And Deposits
AllowanceForNoncurrentPrepaymentsAndDeposits
478 usd
CY2021Q4 HOLO Allowance For Noncurrent Prepayments And Deposits
AllowanceForNoncurrentPrepaymentsAndDeposits
518 usd
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0 usd
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
329870 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022 HOLO Impairment Loss For Unconsolidated Entities
ImpairmentLossForUnconsolidatedEntities
-237777 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
25584 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
27692 usd
CY2022Q4 HOLO Performance Obligation
PerformanceObligation
384489 usd
CY2021Q4 HOLO Performance Obligation
PerformanceObligation
67535 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
254879 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
302178 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
555142 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
23308 usd
CY2022Q4 us-gaap Inventory Adjustments
InventoryAdjustments
0 usd
CY2021Q4 us-gaap Inventory Adjustments
InventoryAdjustments
13818 usd
CY2022 HOLO Government Subsidies
GovernmentSubsidies
71156 usd
CY2021 HOLO Government Subsidies
GovernmentSubsidies
12082 usd
CY2022 HOLO Other Income Net
OtherIncomeNet
159255 usd
CY2021 HOLO Other Income Net
OtherIncomeNet
183681 usd
CY2022 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
84257 usd
CY2021 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
42920 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5700000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
900000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5700000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
900000 usd
CY2021Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
14106 usd
CY2022 us-gaap Labor And Related Expense
LaborAndRelatedExpense
688136 usd
CY2021 us-gaap Labor And Related Expense
LaborAndRelatedExpense
535884 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
2182470 shares
CY2022Q3 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
3567530 shares
CY2022Q3 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
575000 shares
CY2022 HOLO Exchange Of Shares Description
ExchangeOfSharesDescription
there were 50,812,035 shares of Common Stock outstanding, comprised of the 4,142,530 shares issued to public investors, 1,735,050 common stock hold by founder/sponsor, 380,000 common stocks issued to Peace Asset, and 44,554,455 common stocks issued to MC shareholders.
CY2022 HOLO Schedule Of Consummation Of Merger Table Textblock
ScheduleOfConsummationOfMergerTableTextblock
<table cellpadding="0" cellspacing="0" id="xdx_884_ecustom--ScheduleOfConsummationOfMergerTableTextblock_z80JS8HT8k25" style="font: 10pt Times New Roman, Times, Serif; width: 100%" summary="xdx: Disclosure - Reverse Recapitalization (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 0.125in; text-indent: -0.125in; vertical-align: top"><span id="xdx_8B0_z9B2buuqJpWb" style="display: none">Schedule of consummation of Merger</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_496_20221231" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Shares</td> <td style="padding-bottom: 1pt; font-weight: bold"> </td></tr> <tr id="xdx_403_eus-gaap--TemporaryEquitySharesOutstanding_iI_zaMDuxGFlcFg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: left; padding-left: 0.125in; text-indent: -0.125in; vertical-align: top">Ordinary shares of Golden Path, outstanding prior to Merger</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 9%; text-align: right">5,750,000</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--SharesSubjectToMandatoryRedemptionSettlementTermNumberOfShares_iNI_di_z9iMF0w61oA1" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 0.125in; text-indent: -0.125in; vertical-align: top">Less redemption of Golden Path shares</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right">(2,182,470</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_400_ecustom--PublicSharesFollowingRedemptions_iI_zHyO5styHDhj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0.125in; text-indent: -0.125in; vertical-align: top">Public shares following redemptions</td> <td> </td> <td style="text-align: left">$</td> <td style="text-align: right">3,567,530</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--SharesIssuedUponClosingToPublicShareholdersFromRights_iI_zZDX65trM9nj" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 0.125in; text-indent: -0.125in; vertical-align: top">Shares issued upon closing to public shareholders (from rights)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">575,000</td> <td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--FounderSponsorShares_iI_zQiZfSChcTtl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0.125in; text-indent: -0.125in; vertical-align: top">Founder (Sponsor) Shares</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,708,000</td> <td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--SharesIssuedUponClosingToSponsorFromRights_iI_zbHPjPL94D2l" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-left: 0.125in; text-indent: -0.125in; vertical-align: top">Shares issued upon closing to Sponsor (from rights)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">27,050</td> <td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--SharesIssuedUponClosingToFinderEngagedPeaceAsset_iI_zLWxSnYQFsa1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 0.125in; text-indent: -0.125in; vertical-align: top">Shares issued upon closing to Finder (engaged Peace Asset)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">380,000</td> <td style="text-align: left"> </td></tr> <tr id="xdx_405_ecustom--McShares_iI_zdAqo1q0wXxb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1pt; padding-left: 0.125in; text-indent: -0.125in; vertical-align: top">MC shares</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; text-align: right">44,554,455</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--TotalSharesOfCommonStockImmediatelyAfterMerger_iI_z7fixMqu9Iwi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 2.5pt; padding-left: 0.125in; text-indent: -0.125in; vertical-align: top">Total shares of common stock immediately after Merger</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; text-align: right">50,812,035</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2022Q4 us-gaap Temporary Equity Shares Outstanding
TemporaryEquitySharesOutstanding
5750000 shares
CY2022Q4 HOLO Shares Subject To Mandatory Redemption Settlement Term Number Of Shares
SharesSubjectToMandatoryRedemptionSettlementTermNumberOfShares
2182470 shares
CY2022Q4 HOLO Public Shares Following Redemptions
PublicSharesFollowingRedemptions
3567530 shares
CY2022Q4 HOLO Shares Issued Upon Closing To Public Shareholders From Rights
SharesIssuedUponClosingToPublicShareholdersFromRights
575000 shares
CY2022Q4 HOLO Founder Sponsor Shares
FounderSponsorShares
1708000 shares
CY2022Q4 HOLO Shares Issued Upon Closing To Sponsor From Rights
SharesIssuedUponClosingToSponsorFromRights
27050 shares
CY2022Q4 HOLO Shares Issued Upon Closing To Finder Engaged Peace Asset
SharesIssuedUponClosingToFinderEngagedPeaceAsset
380000 shares
CY2022Q4 HOLO Mc Shares
McShares
44554455 shares
CY2022Q4 HOLO Total Shares Of Common Stock Immediately After Merger
TotalSharesOfCommonStockImmediatelyAfterMerger
50812035 shares
CY2022Q3 HOLO Net Cash Proceeds
NetCashProceeds
33200000 usd
CY2022Q4 HOLO Rent And Rent Deposits
RentAndRentDeposits
18776 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
12355072 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
11007816 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
705060 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
296051 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
11650012 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
10711765 usd
CY2021Q4 HOLO Allowance For Doubtful Accounts Premium And Other Receivables
AllowanceForDoubtfulAccountsPremiumAndOtherReceivables
296051 usd
CY2020Q4 HOLO Allowance For Doubtful Accounts Premium And Other Receivables
AllowanceForDoubtfulAccountsPremiumAndOtherReceivables
209456 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
442335 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
81661 usd
CY2022 HOLO Exchange Difference
ExchangeDifference
-33326 usd
CY2021 HOLO Exchange Difference
ExchangeDifference
4934 usd
CY2022Q4 HOLO Allowance For Doubtful Accounts Premium And Other Receivables
AllowanceForDoubtfulAccountsPremiumAndOtherReceivables
705060 usd
CY2021Q4 HOLO Allowance For Doubtful Accounts Premium And Other Receivables
AllowanceForDoubtfulAccountsPremiumAndOtherReceivables
296051 usd
CY2022 HOLO Provisions For Doubtful Accounts Value
ProvisionsForDoubtfulAccountsValue
442335 usd
CY2021 HOLO Provisions For Doubtful Accounts Value
ProvisionsForDoubtfulAccountsValue
81661 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
263304 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
233687 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
17159 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
96183 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
280463 usd
CY2021Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
27692 usd
CY2020Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
13556 usd
CY2021 HOLO Provision Recovery For Inventory Reserve
ProvisionRecoveryForInventoryReserve
13818 usd
CY2022 HOLO Inventories Exchange Difference
InventoriesExchangeDifference
-2108 usd
CY2021 HOLO Inventories Exchange Difference
InventoriesExchangeDifference
318 usd
CY2022Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
25584 usd
CY2021Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
27692 usd
CY2022Q4 HOLO Office Equipment Gross
OfficeEquipmentGross
165351 usd
CY2021Q4 HOLO Office Equipment Gross
OfficeEquipmentGross
179526 usd
CY2022Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
153566 usd
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
166221 usd
CY2022Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
355875 usd
CY2021Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
99280 usd
CY2022Q4 HOLO Vehicles Gross
VehiclesGross
6377 usd
CY2021Q4 HOLO Vehicles Gross
VehiclesGross
6902 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
442249 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
405752 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
238920 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
46177 usd
CY2022 us-gaap Depreciation
Depreciation
69104 usd
CY2021 us-gaap Depreciation
Depreciation
45659 usd
CY2022 HOLO Disposal Of Fixed Assets
DisposalOfFixedAssets
488 usd
CY2021 HOLO Disposal Of Fixed Assets
DisposalOfFixedAssets
57381 usd
CY2021Q4 HOLO Rent And Rent Deposits
RentAndRentDeposits
7688 usd
CY2022Q4 HOLO Vat
Vat
129480 usd
CY2021Q4 HOLO Vat
Vat
24735 usd
CY2022Q4 HOLO Professional Service
ProfessionalService
231066 usd
CY2022Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
1928318 usd
CY2021Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
2087224 usd
CY2022Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2137916 usd
CY2021Q4 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
2314093 usd
CY2022Q4 HOLO Noncompete Agreements
NoncompeteAgreements
333469 usd
CY2021Q4 HOLO Noncompete Agreements
NoncompeteAgreements
360949 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2170317 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1348044 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2229386 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3414222 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
948021 usd
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1001768 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
914588 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
667044 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
647666 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
88 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2229386 usd
CY2022Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
457875 usd
CY2021Q4 HOLO Professional Service
ProfessionalService
10462 usd
CY2022Q4 HOLO Other Services
OtherServices
57282 usd
CY2021Q4 HOLO Other Services
OtherServices
41072 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
894479 usd
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
98063 usd
CY2022Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
59144 usd
CY2021Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
53998 usd
CY2022Q4 HOLO Other Non Current
OtherNonCurrent
1794 usd
CY2021Q4 HOLO Other Non Current
OtherNonCurrent
17092 usd
CY2022Q4 HOLO Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
-478 usd
CY2021Q4 HOLO Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
-518 usd
CY2022Q4 HOLO Prepayment And Deposit
PrepaymentAndDeposit
60460 usd
CY2021Q4 HOLO Prepayment And Deposit
PrepaymentAndDeposit
70572 usd
CY2021Q4 HOLO Allowance For Doubtful Account Premiums And Other Receivables
AllowanceForDoubtfulAccountPremiumsAndOtherReceivables
518 usd
CY2020Q4 HOLO Allowance For Doubtful Account Premiums And Other Receivables
AllowanceForDoubtfulAccountPremiumsAndOtherReceivables
1303 usd
CY2021 HOLO Recovery Of Doubtful Accounts
RecoveryOfDoubtfulAccounts
-786 usd
CY2022 HOLO Exchange Difference Doubtful Debts
ExchangeDifferenceDoubtfulDebts
-40 usd
CY2021 HOLO Exchange Difference Doubtful Debts
ExchangeDifferenceDoubtfulDebts
1 usd
CY2022Q4 HOLO Allowance For Doubtful Account Premiums And Other Receivables
AllowanceForDoubtfulAccountPremiumsAndOtherReceivables
478 usd
CY2021Q4 HOLO Allowance For Doubtful Account Premiums And Other Receivables
AllowanceForDoubtfulAccountPremiumsAndOtherReceivables
518 usd
CY2022Q4 us-gaap Goodwill
Goodwill
3067317 usd
CY2021Q4 us-gaap Goodwill
Goodwill
3320082 usd
CY2021Q4 us-gaap Goodwill
Goodwill
3320082 usd
CY2022Q4 us-gaap Goodwill
Goodwill
3067317 usd
CY2021Q4 us-gaap Investments
Investments
251095 usd
CY2021Q3 us-gaap Loans Payable
LoansPayable
10000000
CY2021Q3 us-gaap Loans Payable
LoansPayable
1575746 usd
CY2021Q4 us-gaap Loans Payable
LoansPayable
4200000
CY2021Q4 us-gaap Loans Payable
LoansPayable
661813 usd
CY2021Q4 us-gaap Loans Payable
LoansPayable
14200000
CY2021Q4 us-gaap Loans Payable
LoansPayable
2228465 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
162321
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
25474 usd
CY2022 HOLO Loan Agreement Description
LoanAgreementDescription
the Company entered into a RMB 50,806,587 (USD 7,853,126) loan agreement with a third party to provide funds for their operations with 4.35% annual interest rate, no collateral and is due on August 31, 2022. On October 12, 2021, the Company entered into an amended loan agreement with the third party to increase the loan amount by RMB 25,100,000 (USD 3,939,047) which is due on October 12, 2022. As of December 31, 2021, the loan receivable and related accrued interest was RMB 12,703,387 (USD 1,993,595), and RMB 626,054 (USD 98,249), respectively, which were subsequently received in March 2022. In January 2022, the Company further funded RMB 10,000,000 (USD 1,575,746) to the borrower. As of December 31, 2022, the loan balance RMB 10,000,000 (USD 1,405,778) and related accrued interest RMB 251,326 (USD 35,331) was fully received.
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
1964501 usd
CY2021Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
1549492 usd
CY2022Q4 us-gaap Due From Related Parties
DueFromRelatedParties
8740 usd
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
3139 usd
CY2022Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
50745 usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
334985 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2500 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.2451 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.2476 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.0201 pure
CY2022Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
59444 usd
CY2022 HOLO Income Tax Description
IncomeTaxDescription
The Ministry of Finance (“MOF”) and State Administration of Taxation (“SAT”) on January 17, 2019 jointly issued Cai Shui 2019 No. 13. This clarified that from January 1, 2019 to December 31, 2021, eligible small enterprises whose RMB 1,000,000 of annual taxable income is eligible for a 75% reduction on a rate of 20% (i.e., effective rate is 5%) and the income between RMB 1,000,000 and RMB 3,000,000 is eligible for 50% reduction on a rate of 20% (i.e., effective rate is 10%). On April 2, 2021, MOF and SAT further jointly issued Cai Shui 2021 No. 12, which clarified that from January 1, 2022 to December 31, 2022, eligible small enterprises whose RMB 1,000,000 of annual taxable income is eligible for an extra 50% reduction base on Cai Shui 2019 No. 13 (i.e., effective rate is 2.5%). On March 14, 2022, MOF and SAT further jointly issued Cai Shui 2022 No. 13, which clarified that from January 1, 2022 to December 31, 2022, eligible small enterprises whose income between RMB 1,000,000 and RMB 3,000,000 is eligible for an extra 50% reduction base on Cai Shui 2019 No. 13 (i.e., effective rate is 5%). For the years ended December 30, 2021 and 2022, Shenzhen Tianyuemeng and Shenzhen Yunao were eligible to employ this policy.
CY2022 HOLO Tax Savings
TaxSavings
186403 usd
CY2021 HOLO Tax Savings
TaxSavings
431109 usd
CY2022 us-gaap Impairment Effect On Earnings Per Share After Tax
ImpairmentEffectOnEarningsPerShareAfterTax
0.004
CY2021 us-gaap Impairment Effect On Earnings Per Share After Tax
ImpairmentEffectOnEarningsPerShareAfterTax
0.008
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
8075 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7398 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-130848 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-132130 usd
CY2022 HOLO Income Tax Expense Benefitnet
IncomeTaxExpenseBenefitnet
-122773 usd
CY2021 HOLO Income Tax Expense Benefitnet
IncomeTaxExpenseBenefitnet
-124732 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2500 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.0044 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
-0.0083 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Research And Development
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseResearchAndDevelopment
0.0124 pure
CY2022 HOLO Effective Income Tax Rate Reconciliation Permanent Difference
EffectiveIncomeTaxRateReconciliationPermanentDifference
-0.0006 pure
CY2021 HOLO Effective Income Tax Rate Reconciliation Permanent Difference
EffectiveIncomeTaxRateReconciliationPermanentDifference
-0.0037 pure
CY2022 HOLO Effective Income Tax Rate Reconciliation Tax Rate Difference Outside China1
EffectiveIncomeTaxRateReconciliationTaxRateDifferenceOutsideChina1
0.0004 pure
CY2021 HOLO Effective Income Tax Rate Reconciliation Tax Rate Difference Outside China1
EffectiveIncomeTaxRateReconciliationTaxRateDifferenceOutsideChina1
-0.0004 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0071 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0097 pure
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
37242 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
36847 usd
CY2021Q4 HOLO Income Tax Reconciliation Depreciation And Amortization
IncomeTaxReconciliationDepreciationAndAmortization
485 usd
CY2022Q4 HOLO Deferred Tax Assets Impairment Loss For Investment
DeferredTaxAssetsImpairmentLossForInvestment
34797 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
494364 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
240058 usd
CY2022Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
3838 usd
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
6923 usd
CY2022Q4 HOLO Deferred Tax Assets Right Of Use
DeferredTaxAssetsRightOfUse
2045 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
442832 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
160172 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
129454 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
124141 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
289884 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
435968 usd
CY2022Q4 HOLO Deferred Income Tax Liability Net
DeferredIncomeTaxLiabilityNet
-289884 usd
CY2021Q4 HOLO Deferred Income Tax Liability Net
DeferredIncomeTaxLiabilityNet
-435968 usd
CY2022Q4 HOLO Deferred Taxes Assets Liabilities Net
DeferredTaxesAssetsLiabilitiesNet
160430 usd
CY2021Q4 HOLO Deferred Taxes Assets Liabilities Net
DeferredTaxesAssetsLiabilitiesNet
311827 usd
CY2022Q4 HOLO Deferred Tax Assets Valuation Allowance Increased
DeferredTaxAssetsValuationAllowanceIncreased
282660 usd
CY2021Q4 HOLO Deferred Tax Assets Valuation Allowance Increased
DeferredTaxAssetsValuationAllowanceIncreased
56096 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
4714514 usd
CY2022 HOLO Vat Rate On Services
VatRateOnServices
0.06 pure
CY2022 HOLO Vat Rate On Goods
VatRateOnGoods
0.13 pure
CY2022Q4 HOLO Vat Taxes Payable
VatTaxesPayable
7199 usd
CY2021Q4 HOLO Vat Taxes Payable
VatTaxesPayable
414665 usd
CY2022Q4 HOLO Income Taxes Payable
IncomeTaxesPayable
68660 usd
CY2021Q4 HOLO Income Taxes Payable
IncomeTaxesPayable
72359 usd
CY2022Q4 HOLO Other Taxes Payable
OtherTaxesPayable
11460 usd
CY2021Q4 HOLO Other Taxes Payable
OtherTaxesPayable
22900 usd
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
87319 usd
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
509924 usd
CY2022Q4 us-gaap Cash And Due From Banks
CashAndDueFromBanks
500000
CY2022Q4 HOLO Deposited
Deposited
151119985
CY2022Q4 HOLO Deposited
Deposited
21910338 usd
CY2021Q4 HOLO Deposited
Deposited
48006979
CY2021Q4 HOLO Deposited
Deposited
7533934 usd
CY2022Q4 HOLO Uninsured Cash
UninsuredCash
140010910
CY2022Q4 HOLO Uninsured Cash
UninsuredCash
20299674 usd
CY2021Q4 HOLO Uninsured Cash
UninsuredCash
39962354
CY2021Q4 HOLO Uninsured Cash
UninsuredCash
6271457 usd
CY2020Q4 HOLO Exchange For Issue Of Aggregate Shares
ExchangeForIssueOfAggregateShares
44554455 shares
CY2020Q4 HOLO Number Of Common Stock Shares Per Value
NumberOfCommonStockSharesPerValue
0.0001 shares
CY2022Q4 HOLO Statutory Reserve
StatutoryReserve
6121025 usd
CY2021Q4 HOLO Statutory Reserve
StatutoryReserve
5739184 usd
CY2022Q4 HOLO Retained Earnings For Statutory Reserves
RetainedEarningsForStatutoryReserves
381841 usd
CY2021Q4 HOLO Retained Earnings For Statutory Reserves
RetainedEarningsForStatutoryReserves
429785 usd
CY2022Q4 HOLO Statutory Reserves
StatutoryReserves
1722262 usd
CY2021Q4 HOLO Statutory Reserves
StatutoryReserves
1340421 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5700000
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
900000 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
5700000
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
900000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y11M4D
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
281363 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
95067 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
361079 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
264965 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
181569 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
139546 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
80576 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
666656 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
61875 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
604781 usd
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
236409 usd
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
159095 usd
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
119733 usd
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
74064 usd
CY2022Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
589301 usd
CY2021Q2 HOLO Warrants Description
WarrantsDescription
Each Public Unit consists of one ordinary share of the Company, $0.0001 par value per share, one right and one redeemable warrant (the “Public Warrant”). Each Public Warrant entitles the holder to purchase one-half (1/2) of an ordinary share at an exercise price of $11.50
CY2022Q4 us-gaap Share Price
SharePrice
2.27
CY2021Q4 us-gaap Share Price
SharePrice
9.96
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0402 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0126 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.652 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.598 pure
CY2022Q4 HOLO Exercise Price
ExercisePrice
11.50
CY2021Q4 HOLO Exercise Price
ExercisePrice
11.50
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P4Y8M15D
CY2021Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2021Q4 HOLO Aggregate Value Of Warrants
AggregateValueOfWarrants
640000 usd
HOLO Change In Fair Value Of Warrants
ChangeInFairValueOfWarrants
77883 usd
CY2022Q4 HOLO Aggregate Value Of Warrants
AggregateValueOfWarrants
62000.000 usd
CY2022 HOLO Change In Fair Value Of Warrants
ChangeInFairValueOfWarrants
656000 usd
CY2022Q2 HOLO Warrant Liability
WarrantLiability
717873 usd
CY2022Q4 HOLO Warrant Liability
WarrantLiability
61709 usd

Files In Submission

Name View Source Status
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0001829126-23-002018.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
holo-20221231.xsd Edgar Link pending
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