2023 Q4 Form 20-F Financial Statement
#000121390024076729 Filed on September 09, 2024
Income Statement
Concept | 2023 Q4 | 2023 | 2022 Q4 |
---|---|---|---|
Revenue | $95.26M | $185.3M | |
YoY Change | -48.61% | ||
Cost Of Revenue | $107.1M | $158.5M | |
YoY Change | -32.4% | ||
Gross Profit | -$11.89M | $26.85M | |
YoY Change | -144.27% | ||
Gross Profit Margin | -12.48% | 14.48% | |
Selling, General & Admin | $3.743M | $3.266M | |
YoY Change | 14.58% | ||
% of Gross Profit | 12.17% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $42.24K | ||
YoY Change | 0.46% | ||
% of Gross Profit | |||
Operating Expenses | $3.743M | $3.266M | |
YoY Change | 14.58% | 1683.63% | |
Operating Profit | -$15.63M | $23.58M | |
YoY Change | -166.27% | ||
Interest Expense | $112.0K | -$101.9K | |
YoY Change | 9.96% | -8449.18% | |
% of Operating Profit | -0.43% | ||
Other Income/Expense, Net | -$147.2K | $129.1K | |
YoY Change | -640.52% | ||
Pretax Income | -$15.78M | $23.61M | |
YoY Change | -166.82% | -13077.93% | |
Income Tax | $2.542K | $11.24K | |
% Of Pretax Income | 0.05% | ||
Net Earnings | -$9.332M | $12.23M | |
YoY Change | -176.29% | -6824.66% | |
Net Earnings / Revenue | -9.8% | 6.6% | |
Basic Earnings Per Share | -$0.18 | ||
Diluted Earnings Per Share | -$0.18 | $0.23 | |
COMMON SHARES | |||
Basic Shares Outstanding | 52.77M shares | 52.42M shares | 50.00M shares |
Diluted Shares Outstanding | 52.42M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $21.57M | ||
YoY Change | -62.99% | ||
Cash & Equivalents | $2.200M | $21.57M | |
Short-Term Investments | |||
Other Short-Term Assets | $7.901M | ||
YoY Change | 4261.37% | ||
Inventory | |||
Prepaid Expenses | |||
Receivables | $983.8K | $3.955M | |
Other Receivables | $0.00 | ||
Total Short-Term Assets | $6.770M | $33.43M | |
YoY Change | -79.75% | 28.0% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $561.9K | $604.1K | |
YoY Change | -6.99% | 388.06% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $1.539M | ||
YoY Change | 62.6% | ||
Total Long-Term Assets | $1.661M | $2.143M | |
YoY Change | -22.47% | 100.24% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $6.770M | $33.43M | |
Total Long-Term Assets | $1.661M | $2.143M | |
Total Assets | $8.431M | $35.57M | |
YoY Change | -76.3% | 30.85% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $261.1K | $750.5K | |
YoY Change | -65.2% | 53.65% | |
Accrued Expenses | $4.422M | $7.983M | |
YoY Change | -44.61% | 31479.43% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $2.977M | ||
YoY Change | 92928.13% | ||
Long-Term Debt Due | $937.5K | $880.6K | |
YoY Change | 6.45% | -2.11% | |
Total Short-Term Liabilities | $14.11M | $23.18M | |
YoY Change | -39.13% | 13.39% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.477M | $2.367M | |
YoY Change | -37.58% | -29.77% | |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $1.477M | $2.367M | |
YoY Change | -37.58% | -29.77% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $14.11M | $23.18M | |
Total Long-Term Liabilities | $1.477M | $2.367M | |
Total Liabilities | $15.70M | $25.55M | |
YoY Change | -38.56% | 7.28% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$5.000M | $4.377M | |
YoY Change | -214.24% | 908.96% | |
Common Stock | $5.278K | $5.000K | |
YoY Change | 5.56% | -90.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$5.407M | $4.534M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $8.431M | $35.57M | |
YoY Change | -76.3% | 30.85% |
Cashflow Statement
Concept | 2023 Q4 | 2023 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$9.332M | $12.23M | |
YoY Change | -176.29% | -6824.66% | |
Depreciation, Depletion And Amortization | $42.24K | ||
YoY Change | 0.46% | ||
Cash From Operating Activities | -$17.80M | ||
YoY Change | -153.72% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $902.0K | ||
YoY Change | -94.68% | ||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$1.578M | ||
YoY Change | -92.8% | ||
NET CHANGE | |||
Cash From Operating Activities | -$17.80M | ||
Cash From Investing Activities | |||
Cash From Financing Activities | -$1.578M | ||
Net Change In Cash | -$19.35M | ||
YoY Change | -272.51% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$17.80M | ||
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
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5000 | usd |
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0.24 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.11 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
52424287 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50000000 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50000000 | shares |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-6656293 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
100041 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
10256622 | usd |
CY2021 | us-gaap |
Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
|
-327848 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3372522 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
7419 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
23596914 | usd |
CY2022 | us-gaap |
Dividends
Dividends
|
16952502 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
10024353 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
-1109455 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
500000 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-15777704 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
902000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-7264806 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-15777704 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
23596914 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
10256622 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
42235 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
42042 | usd |
CY2021 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
40085 | usd |
CY2023 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1076 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-341 | usd |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
208 | usd |
CY2023 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
43517 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2971527 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3871400 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
5409117 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-4065720 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-376537 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
3697909 | usd |
CY2023 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-1137951 | usd |
CY2022 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
935409 | usd |
CY2021 | us-gaap |
Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
|
-96767 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-489327 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
262029 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
183365 | usd |
CY2023 | caco |
Increase Decrease In Advance From Customers
IncreaseDecreaseInAdvanceFromCustomers
|
-6603865 | usd |
CY2022 | caco |
Increase Decrease In Advance From Customers
IncreaseDecreaseInAdvanceFromCustomers
|
3884799 | usd |
CY2021 | caco |
Increase Decrease In Advance From Customers
IncreaseDecreaseInAdvanceFromCustomers
|
394221 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-3107396 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
2025425 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-1232108 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-7390 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
9034 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
356 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-48190 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-17773998 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
33132430 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
632490 | usd |
CY2021 | us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
-300000 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
300000 | usd |
CY2023 | caco |
Net Cash Acquired In The Reverse Recapitalization
NetCashAcquiredInTheReverseRecapitalization
|
23 | usd |
CY2023 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
13222559 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
6467686 | usd |
CY2021 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
50000 | usd |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
13378750 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
2520364 | usd |
CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
1421466 | usd |
CY2023 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
832579 | usd |
CY2022 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
1022130 | usd |
CY2021 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
165442 | usd |
CY2022 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
7419 | usd |
CY2021 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
100041 | usd |
CY2023 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
902000 | usd |
CY2022 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
16952502 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1578365 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-21914535 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1306065 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-19352363 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
11217895 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2238555 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21572336 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10354441 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8115886 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2219973 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
21572336 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
10354441 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
10870 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2503 | usd |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1549 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
60789 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
81413 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
122295 | usd |
CY2021 | us-gaap |
Stock Issued1
StockIssued1
|
327848 | usd |
CY2022 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
522388 | usd |
CY2021 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
56957 | usd |
CY2023 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
252339 | usd |
CY2023 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
500000 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
|
50000000 | shares |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Uses of estimates </i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In preparing the consolidated financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on information as of the date of the consolidated financial statements. Significant accounting estimates required to be made by management include, but are not limited to revenue recognition. Actual results could differ from those estimates.</span></p> | |
CY2023 | us-gaap |
Property Plant And Equipment Dispositions
PropertyPlantAndEquipmentDispositions
|
Over the shorter of the lease term or estimated useful lives | |
CY2023 | caco |
Earnout Ordinary Shares
EarnoutOrdinaryShares
|
35000000 | shares |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
983784 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
3955311 | usd |
CY2023Q4 | caco |
Customer Advances
CustomerAdvances
|
3463413 | usd |
CY2022Q4 | caco |
Customer Advances
CustomerAdvances
|
10067278 | usd |
CY2022 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
10067278 | usd |
CY2023 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
10067278 | usd |
CY2023 | us-gaap |
Revenues
Revenues
|
95257538 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
185349630 | usd |
CY2021 | us-gaap |
Revenues
Revenues
|
121961057 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
|
P1Y | |
CY2023Q4 | us-gaap |
Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
|
20922 | usd |
CY2021Q4 | us-gaap |
Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
|
5922 | usd |
CY2023Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
54551 | usd |
CY2022Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
56802 | usd |
CY2021Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
133173 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Research
EffectiveIncomeTaxRateReconciliationTaxCreditsResearch
|
0.50 | pure |
CY2023Q4 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.486 | pure |
CY2022 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
185300000 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
95300000 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-15800000 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
23600000 | usd |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentrations of risks</i></b></span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">a.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant customers</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the years ended October 31, 2023, one customer accounted for or approximately 15% of the Group’s total revenues. For the years ended October 31, 2022 and 2021, no customer accounted for more than 10% of the Group’s total revenues. As of October 31, 2023, three customers accounted for approximately 23%, 17% and 10% of the Group’s accounts receivable, respectively. As of October 31, 2022, two customers accounted for approximately 30% and 25% of the Group’s accounts receivable, respectively. </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">b.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Significant suppliers</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the year ended October 31, 2023, one related party supplier accounted for approximately 24% of the Group’s total purchases. For the year ended October 31, 2022, one related party supplier accounted for approximately 42.5% of the Group’s total purchases. For the year ended October 31, 2021, one related party supplier accounted for approximately 44% of the Group’s total purchases. As of October 31, 2023, two suppliers accounted for approximately 50% and 46% of the Group’s total accounts payable, respectively. As of October 31, 2022, one supplier accounted for approximately 92% of the Group’s total accounts payable.</p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0px"></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">c.</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cash and cash equivalents</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">The Group maintains cash and cash equivalents with various financial institutions in Singapore and management believes these financial institutions are high credit quality. As of October 31, 2023 and 2022, the aggregate amount of cash and cash equivalents of $2,219,973 and $21,572,030, respectively, was held at major financial institutions in Singapore, where there is a Singapore Dollar 100,000 (or $73,009) deposit insurance limit for a legal entity’s aggregated balance at each bank.</span></p> | |
CY2023Q4 | us-gaap |
Cash
Cash
|
2219973 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
21572030 | usd |
CY2023 | us-gaap |
Legal Fees
LegalFees
|
100000 | sgd |
CY2023 | us-gaap |
Legal Fees
LegalFees
|
73009 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-15800000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-17800000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-5000000 | usd |
CY2023Q4 | caco |
Working Capital
WorkingCapital
|
7300000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2200000 | usd |
CY2023Q4 | caco |
Advance From Customers
AdvanceFromCustomers
|
3500000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2500000 | usd |
CY2023Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
983784 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
3955311 | usd |
CY2023Q4 | caco |
Prepayment For Fuel Other Costs
PrepaymentForFuelOtherCosts
|
3509770 | usd |
CY2022Q4 | caco |
Prepayment For Fuel Other Costs
PrepaymentForFuelOtherCosts
|
6828645 | usd |
CY2023Q4 | caco |
Prepayment For Keyman Insurance Cost
PrepaymentForKeymanInsuranceCost
|
894561 | usd |
CY2022Q4 | caco |
Prepayment For Keyman Insurance Cost
PrepaymentForKeymanInsuranceCost
|
871490 | usd |
CY2023Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
51971 | usd |
CY2022Q4 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
787853 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
4456302 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
8487988 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
3561741 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
6949397 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
|
894561 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
|
1538591 | usd |
CY2022Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
667101 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
744104 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
744104 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
182213 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
139978 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
561891 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
604126 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
42235 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
42042 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
40085 | usd |
CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
4421644 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
7880984 | usd |
CY2023Q4 | caco |
Board Compensation Payable
BoardCompensationPayable
|
75000 | usd |
CY2022Q4 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
102297 | usd |
CY2023Q4 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
904783 | usd |
CY2022Q4 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
509642 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
5401427 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
8492923 | usd |
CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
3700000 | usd |
CY2023Q4 | caco |
Accrued Contract Loss
AccruedContractLoss
|
700000 | usd |
CY2022Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
6900000 | usd |
CY2022Q4 | caco |
Accrued Contract Loss
AccruedContractLoss
|
1000000 | usd |
CY2023Q4 | us-gaap |
Loans Payable To Bank
LoansPayableToBank
|
1497755 | usd |
CY2022Q4 | us-gaap |
Loans Payable To Bank
LoansPayableToBank
|
2330334 | usd |
CY2023Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
916923 | usd |
CY2022Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
916923 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2414678 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
3247257 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
937457 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
880631 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1477221 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
2366626 | usd |
CY2020Q2 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
3650434 | usd |
CY2020Q2 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
5000000 | sgd |
CY2020Q2 | us-gaap |
Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
|
0.03 | pure |
CY2023Q4 | us-gaap |
Loans Payable To Bank
LoansPayableToBank
|
1497755 | usd |
CY2022Q4 | us-gaap |
Loans Payable To Bank
LoansPayableToBank
|
2330334 | usd |
CY2023 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
112022 | usd |
CY2022 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
101877 | usd |
CY2021 | us-gaap |
Interest Expense Borrowings
InterestExpenseBorrowings
|
114204 | usd |
CY2023Q4 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.039 | pure |
CY2022Q4 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.028 | pure |
CY2021Q4 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.026 | pure |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
937457 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
560298 | usd |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
916923 | usd |
CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2414678 | usd |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
92312 | usd |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
98555 | usd |
CY2021 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
64894 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
204750 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
90585 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
109492 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
200077 | usd |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y2M23D | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0365 | pure |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
96371 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
89362 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
22778 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
208511 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
8434 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
200077 | usd |
CY2023 | caco |
Schedule Of Due From Related Parties
ScheduleOfDueFromRelatedParties
|
<span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Due from related parties consisted of the following:</span><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">October 31,<br/> 2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">October 31,<br/> 2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td><span style="font-size: 7pt"> </span></td><td><span style="font-size: 7pt"> </span></td> <td colspan="2" style="text-align: center"><span style="font-size: 7pt"> </span></td><td><span style="font-size: 7pt"> </span></td><td><span style="font-size: 7pt"> </span></td> <td colspan="2" style="text-align: center"><span style="font-size: 7pt"> </span></td><td><span style="font-size: 7pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nanjing Derun Shipping Co., Ltd.<sup>(1)</sup></span></td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-66">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">5,590</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Topsheen Shipping Limited<sup>(2)</sup></span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-67">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">946,065</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Top Wisdom Shipping Management Co. Limited<sup>(3)</sup></span></td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,183</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-68">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-bottom: 4pt">Total</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">4,183</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">951,655</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><sup>(1)</sup></span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The balances mainly represented accounts receivables from Nanjing Derun Shipping Co., Ltd. The balance was collected subsequently.</span></td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><sup>(2)</sup></span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The balances mainly represented prepayments to Topsheen Shipping Limited, which was utilized subsequently.</span></td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 24px; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><sup>(3)</sup></span></td> <td style="text-align: justify; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The balances mainly represented accounts receivables from Top Wisdom Shipping Management Co. Limited. The balance as of October 31, 2023 has been subsequently collected as of August 31, 2024.</span></td></tr> </table> | |
CY2023 | caco |
Working Capital Loan
WorkingCapitalLoan
|
4100000 | usd |
CY2022Q2 | us-gaap |
Supplemental Deferred Purchase Price
SupplementalDeferredPurchasePrice
|
500000 | usd |
CY2022Q2 | us-gaap |
Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
|
16200000 | usd |
CY2022Q2 | us-gaap |
Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
|
127000000 | hkd |
CY2022Q2 | caco |
Installment Consideration Percentage
InstallmentConsiderationPercentage
|
0.30 | pure |
CY2023 | caco |
Arrangement Termination Date
ArrangementTerminationDate
|
2024-02-02 | |
CY2023 | us-gaap |
Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
|
99833 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.27 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.17 | pure |
CY2022Q4 | us-gaap |
Income Tax Examination Increase Decrease In Liability From Prior Year
IncomeTaxExaminationIncreaseDecreaseInLiabilityFromPriorYear
|
4266324 | usd |
CY2021Q4 | us-gaap |
Income Tax Examination Increase Decrease In Liability From Prior Year
IncomeTaxExaminationIncreaseDecreaseInLiabilityFromPriorYear
|
1741872 | usd |
CY2022 | us-gaap |
Basic Earnings Per Share Adjustment Pro Forma
BasicEarningsPerShareAdjustmentProForma
|
0.09 | |
CY2021 | us-gaap |
Basic Earnings Per Share Adjustment Pro Forma
BasicEarningsPerShareAdjustmentProForma
|
0.03 | |
CY2023 | caco |
Net Operating Loss Carrying Forward For Taxable Profit
NetOperatingLossCarryingForwardForTaxableProfit
|
1 | pure |
CY2023 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
3618 | usd |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
11584 | usd |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
1905 | usd |
CY2023 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1076 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-341 | usd |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
208 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2542 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11243 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2113 | usd |
CY2023Q4 | caco |
Deferred Tax Liabilities Depreciations For Tangible Assets
DeferredTaxLiabilitiesDepreciationsForTangibleAssets
|
217 | usd |
CY2022Q4 | caco |
Deferred Tax Liabilities Depreciations For Tangible Assets
DeferredTaxLiabilitiesDepreciationsForTangibleAssets
|
1293 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
217 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
1293 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-15775162 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
23608157 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
10258735 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.17 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.17 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.17 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
-0.022 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.061 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.154 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.182 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.17 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
|
-0.008 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
|
0.051 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
-0.0022 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
0.003 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
0.0002 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0002 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.001 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.0002 | pure |
CY2023Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
56161 | usd |
CY2022Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
10939 | usd |
CY2023Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
56161 | usd |
CY2022Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
10939 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
52774579 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
52774579 | shares |
CY2022 | us-gaap |
Dividends Stock
DividendsStock
|
16952502 | usd |
CY2022Q4 | us-gaap |
Dividends Paidinkind
DividendsPaidinkind
|
2000000 | usd |
CY2022Q4 | us-gaap |
Proceeds From Dividends Received
ProceedsFromDividendsReceived
|
1220000 | usd |
CY2022Q4 | us-gaap |
Partners Capital Attributable To Noncontrolling Interest
PartnersCapitalAttributableToNoncontrollingInterest
|
780000 | usd |
CY2023Q1 | us-gaap |
Dividends Paidinkind
DividendsPaidinkind
|
1220000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Dividends Received
ProceedsFromDividendsReceived
|
122000 | usd |
CY2023 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
902000 | usd |
CY2023 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
2 | pure |
CY2023 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | pure |
CY2023 | us-gaap |
Revenues
Revenues
|
95257538 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
185349630 | usd |
CY2021 | us-gaap |
Revenues
Revenues
|
121961057 | usd |
CY2024Q3 | caco |
Bid Price Per Share
BidPricePerShare
|
1 | |
CY2024Q3 | caco |
Number Of Consecutive Business Days
NumberOfConsecutiveBusinessDays
|
P10D | |
CY2024Q1 | caco |
Remaining Initial Tranche Paid
RemainingInitialTranchePaid
|
1800000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
usd | |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
usd | |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
usd | |
CY2023Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023 | us-gaap |
Selling Expense
SellingExpense
|
usd | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.11 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.24 | |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50000000 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
52424287 | shares |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
usd | |
CY2021 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
usd | |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
usd | |
CY2023 | us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
usd | |
CY2022 | us-gaap |
Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
|
usd | |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
usd | |
CY2022 | caco |
Net Cash Acquired In The Reverse Recapitalization
NetCashAcquiredInTheReverseRecapitalization
|
usd | |
CY2021 | caco |
Net Cash Acquired In The Reverse Recapitalization
NetCashAcquiredInTheReverseRecapitalization
|
usd | |
CY2023 | us-gaap |
Proceeds From Contributed Capital
ProceedsFromContributedCapital
|
usd | |
CY2021 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
usd | |
CY2023 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2022 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2023 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
usd | |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
usd | |
CY2021 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
usd | |
CY2022 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
usd | |
CY2021 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
usd | |
CY2022Q4 | caco |
Earnout Revenue
EarnoutRevenue
|
usd | |
CY2022Q4 | caco |
Earnout Liability
EarnoutLiability
|
usd | |
CY2022Q4 | us-gaap |
Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
|
usd | |
CY2023Q4 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
usd | |
CY2022Q4 | caco |
Board Compensation Payable
BoardCompensationPayable
|
usd | |
CY2023Q4 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
usd | |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
usd | |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
usd | |
CY2023Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
usd | |
CY2020Q2 | us-gaap |
Long Term Debt Term
LongTermDebtTerm
|
P5Y | |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
usd | |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
usd | |
CY2022Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
usd | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
pure | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
|
pure | |
CY2023Q4 | us-gaap |
Income Tax Examination Increase Decrease In Liability From Prior Year
IncomeTaxExaminationIncreaseDecreaseInLiabilityFromPriorYear
|
usd | |
CY2023 | us-gaap |
Basic Earnings Per Share Adjustment Pro Forma
BasicEarningsPerShareAdjustmentProForma
|
||
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001928948 |