$INHD
INNO HOLDINGS INC.

2024 Q4 Form 10-K Financial Statement

#000149315224049268 Filed on December 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024
Revenue $885.5K
YoY Change 10.72%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $3.679M
YoY Change 67.9%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $87.12K
YoY Change 25.46%
% of Gross Profit
Operating Expenses $4.259M
YoY Change -10.97%
Operating Profit -$3.374M
YoY Change -15.32%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $123.2K
YoY Change -414.25%
Pretax Income -$3.250M
YoY Change -19.21%
Income Tax $800.00
% Of Pretax Income
Net Earnings -$3.214M
YoY Change -17.5%
Net Earnings / Revenue -362.94%
Basic Earnings Per Share -$1.59
Diluted Earnings Per Share -$1.59
COMMON SHARES
Basic Shares Outstanding 3.057M shares 20.75M shares 2.022M shares
Diluted Shares Outstanding 2.022M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.527M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $333.1K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $2.289M
YoY Change 92.5%
LONG-TERM ASSETS
Property, Plant & Equipment $1.301M
YoY Change 49.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.851K
YoY Change -80.12%
Total Long-Term Assets $1.881M
YoY Change 38.6%
TOTAL ASSETS
Total Short-Term Assets $2.289M
Total Long-Term Assets $1.881M
Total Assets $4.169M
YoY Change 63.78%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue $590.3K
YoY Change -48.12%
Short-Term Debt $50.00K
YoY Change -93.67%
Long-Term Debt Due $51.90K
YoY Change 5.07%
Total Short-Term Liabilities $1.313M
YoY Change -68.0%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $58.95K
YoY Change -84.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.313M
Total Long-Term Liabilities $58.95K
Total Liabilities $1.372M
YoY Change -69.44%
SHAREHOLDERS EQUITY
Retained Earnings -$7.739M
YoY Change 71.03%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity
YoY Change
Total Liabilities & Shareholders Equity $4.169M
YoY Change 63.78%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024
OPERATING ACTIVITIES
Net Income -$3.214M
YoY Change -17.5%
Depreciation, Depletion And Amortization $87.12K
YoY Change 25.46%
Cash From Operating Activities -$5.075M
YoY Change 314.0%
INVESTING ACTIVITIES
Capital Expenditures $559.6K
YoY Change 128.51%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$547.1K
YoY Change 123.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $7.144M
YoY Change 401.31%
NET CHANGE
Cash From Operating Activities -$5.075M
Cash From Investing Activities -$547.1K
Cash From Financing Activities $7.144M
Net Change In Cash $1.522M
YoY Change -3427.71%
FREE CASH FLOW
Cash From Operating Activities -$5.075M
Capital Expenditures $559.6K
Free Cash Flow -$5.635M
YoY Change 283.12%

Facts In Submission

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INNO HOLDINGS INC.
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IncreaseDecreaseInAccountsReceivable
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CY2023 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-100000 usd
CY2024 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-61219 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
64389 usd
CY2024 INHD Increase Decrease In Deferred Offering Costs
IncreaseDecreaseInDeferredOfferingCosts
51701 usd
CY2023 INHD Increase Decrease In Deferred Offering Costs
IncreaseDecreaseInDeferredOfferingCosts
538765 usd
CY2024 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
322739 usd
CY2023 us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
-79457 usd
CY2023 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
9851 usd
CY2024 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-480886 usd
CY2023 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
309278 usd
CY2024 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-485595 usd
CY2023 us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
50000 usd
CY2024 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-547568 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
936098 usd
CY2024 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-729359 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-76991 usd
CY2024 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
122787 usd
CY2023 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
46121 usd
CY2023 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-2457 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5075412 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
559629 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
244899 usd
CY2024 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
12569 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-547060 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-244899 usd
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
627000 usd
CY2024 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
503372 usd
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
134861 usd
CY2023 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
230000 usd
CY2024 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
740000 usd
CY2023 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
150000 usd
CY2024 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
49393 usd
CY2023 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
47029 usd
CY2024 us-gaap Payments For Repurchase Of Warrants
PaymentsForRepurchaseOfWarrants
13000 usd
CY2024 INHD Proceeds From Shares Issued For Cash
ProceedsFromSharesIssuedForCash
8450000 usd
CY2023 INHD Proceeds From Shares Issued For Cash
ProceedsFromSharesIssuedForCash
900000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7144235 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1425110 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1521763 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-45730 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4898 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
50628 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1526661 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4898 usd
CY2024 us-gaap Income Taxes Paid
IncomeTaxesPaid
800 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
3500 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
23697 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
43909 usd
CY2024 INHD Noncash Deferred Offering Costs Offset To Apic Upon Ipo Completion
NoncashDeferredOfferingCostsOffsetToApicUponIpoCompletion
590466 usd
CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
356741 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
104690 usd
CY2024 us-gaap Liabilities Assumed1
LiabilitiesAssumed1
39699 usd
CY2024 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80A_eus-gaap--NatureOfOperations_zqs32jtLw351" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 1 — <span id="xdx_82E_z9vWtqucmA1h">Nature of business and organization</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">INNO HOLDINGS, INC., a Texas corporation (the “Company”), was incorporated on September 8, 2021. The Company is principally engaged in the marketing and sale of construction products along with full-scope construction services in the US.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 18, 2022, the Company formed a limited liability company, Castor Building Tech LLC (“CBT”), in California. The Company owned <span id="xdx_90E_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20220118__srt--OwnershipAxis__custom--CastorBuildingTechLLCMember_zGbcvXzhG58a" title="Interest Percentage">53</span>% of the equity interest in CBT. On October 16, 2023, the Company and the noncontrolling interest parties reached a new ownership agreement that the Company’s ownership increased to <span id="xdx_909_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20231016__srt--OwnershipAxis__custom--CastorBuildingTechLLCMember__us-gaap--TypeOfArrangementAxis__custom--NewOwnershipAgreementMember_zBU3ssi3yar4" title="Interest Percentage">55</span>%. According to the new ownership agreement, the ownership percentage change is retroactively effective from January 18, 2022. The impact of historical noncontrolling interest allocation from this ownership percentage change is immaterial.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective as of January 21, 2022, the Company acquired <span id="xdx_903_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_pid_dp_uPure_c20220121__us-gaap--BusinessAcquisitionAxis__custom--InnoMetalStudsCorpMember_z8nu5LVVWVFg" title="Acquired percentage of ordinary shares">100</span>% of the ordinary shares of Inno Metal Studs Corp. (“IMSC”), a Texas corporation incorporated on October 31, 2019. Pursuant to the terms of the Share Purchase Agreement with IMSC’s former sole owner and CEO of the Company, Mr. Dekui Liu, the Company issued <span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20220121__20220121__srt--TitleOfIndividualAxis__custom--MrDekuiLiuMember_zZQEIGHIdEnh" title="Stock issued of common stock, shares">15,170,000</span> shares of its common stock to Mr. Dekui Liu in exchange for his <span id="xdx_90E_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20220121__srt--TitleOfIndividualAxis__custom--MrDekuiLiuMember__srt--OwnershipAxis__custom--InnoMetalStudsCorpMember_zkVLgunxeHP8" title="Owned subsidiary percentage">100</span>% ownership in IMSC. Upon completion of the transaction, IMSC became a <span id="xdx_90D_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pid_dp_uPure_c20220121__srt--TitleOfIndividualAxis__custom--MrDekuiLiuMember__srt--OwnershipAxis__custom--InnoMetalStudsCorpMember_zCFAMMMZ5XF7" title="Owned subsidiary percentage">100</span>% owned subsidiary of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Inno Research Institute LLC (“IRI”), a Texas limited liability company incorporated on September 8, 2021, is a <span id="xdx_90C_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20210908__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--InnoResearchInstituteLLCMember__us-gaap--BusinessAcquisitionAxis__custom--InnoMetalStudsCorpMember_zyRxnCRxGVfl" title="Owned subsidiary percentage">65</span>% owned subsidiary of IMSC. On January 27, 2024, IRI was voluntarily terminated and resulted in a disposal loss of $ <span id="xdx_902_ecustom--SubsidiaryDisposalLoss_c20240127__20240127_zG0ML9f8jIK6" title="Disposal loss">23,715</span>. The R&amp;D activities carried out by IRI will be transferred to Inno AI Tech Corp, a new subsidiary of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 21, 2024, the Company established Inno Disrupts Inc., a wholly owned subsidiary in Texas. The purpose of Inno Disrupts Inc. is to remodel buildings using the Company’s framing steel products, enhance producing and marketing capabilities, manage the designated buildings in US, and other activities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 11, 2024, the Company formed Inno AI Tech Corp., a wholly owned entity to conduct AI tech research and consulting activities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q1 INHD Subsidiary Disposal Loss
SubsidiaryDisposalLoss
23715 usd
CY2024 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_843_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zdDdGOvODRJf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86C_zLZLrxxhK5i2">Reclassifications</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain amounts on the prior year’s consolidated balance sheets, consolidated statements of operations and cash flows were reclassified to conform to the current year presentation, with no effect on ending stockholders’ equity.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
On November 30, 2022, the Company effected a forward stock split (the “Stock Split”) of the Company’s issued and outstanding shares of the common stock at a split ratio of 2-for-1.
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_849_eus-gaap--UseOfEstimates_zhLUHCpSLWz8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_868_z2kv8QTWkoLf">Use of estimates and assumptions</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; 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: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts of assets and liabilities reported and disclosures of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the periods presented. Actual results could differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q3 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
250000 usd
CY2024 us-gaap Impairment Of Leasehold
ImpairmentOfLeasehold
23911 usd
CY2023Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1338395 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1267960 usd
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
70435 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1267960 usd
CY2024 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
59935 usd
CY2023 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
1267960 usd
CY2024 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1327895 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1267960 usd
CY2024 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
59935 usd
CY2023 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1267960 usd
CY2024Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
73109 usd
CY2023Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
134299 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
259965 usd
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
259994 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
333074 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
394293 usd
CY2024Q3 INHD Inventory Allowance For Obsolescence
InventoryAllowanceForObsolescence
0 usd
CY2023Q3 INHD Inventory Allowance For Obsolescence
InventoryAllowanceForObsolescence
0 usd
CY2023Q3 us-gaap Deferred Costs Current
DeferredCostsCurrent
538765 usd
CY2024Q3 us-gaap Prepaid Advertising
PrepaidAdvertising
73750 usd
CY2024Q3 INHD Advance To Other Service Providers
AdvanceToOtherServiceProviders
57624 usd
CY2024Q3 us-gaap Supplies
Supplies
250638 usd
CY2023Q3 us-gaap Supplies
Supplies
87217 usd
CY2024Q3 us-gaap Prepaid Insurance
PrepaidInsurance
36809 usd
CY2023Q3 us-gaap Prepaid Insurance
PrepaidInsurance
3663 usd
CY2023Q3 INHD Prepaid For Services By Stock Grants
PrepaidForServicesByStockGrants
83333 usd
CY2024Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
10052 usd
CY2023Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
6254 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
428873 usd
CY2023Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
180467 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1458123 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
967519 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1458123 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
967519 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
157540 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
97935 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1300583 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
869584 usd
CY2024 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
23911 usd
CY2024 us-gaap Depreciation
Depreciation
87116 usd
CY2023 us-gaap Depreciation
Depreciation
69437 usd
CY2022Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000 usd
CY2022Q3 INHD Floating Prime Rate Percentage
FloatingPrimeRatePercentage
0.010 pure
CY2023Q3 us-gaap Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
560000 usd
CY2021Q4 INHD Unsecured Promissory Note Percentage
UnsecuredPromissoryNotePercentage
0.0475 pure
CY2021Q4 us-gaap Debt Instrument Periodic Payment
DebtInstrumentPeriodicPayment
4661 usd
CY2021Q4 us-gaap Debt Instrument Issued Principal
DebtInstrumentIssuedPrincipal
248500 usd
CY2024 us-gaap Interest Expense Debt
InterestExpenseDebt
6773 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
8903 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
110846 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
160239 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
51898 usd
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
49393 usd
CY2024Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
58948 usd
CY2023Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
110846 usd
CY2024Q3 INHD Payable To Service Providers
PayableToServiceProviders
185793 usd
CY2024Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
74915 usd
CY2024Q3 us-gaap Other Liabilities
OtherLiabilities
27244 usd
CY2023Q3 us-gaap Other Liabilities
OtherLiabilities
92164 usd
CY2024Q3 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
287952 usd
CY2023Q3 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
92164 usd
CY2021Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2279960 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2279960 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1825173 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1825173 shares
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2023Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
38.0
CY2024 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
146333 usd
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
41667 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
9000 usd
CY2023Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
83333 usd
CY2024Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
48.0
CY2024Q3 us-gaap Warrants And Rights Outstanding Maturity Date
WarrantsAndRightsOutstandingMaturityDate
2028-12-18
CY2024Q1 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
10000000 usd
CY2024Q1 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
2140466 usd
CY2024Q1 us-gaap Payments For Underwriting Expense
PaymentsForUnderwritingExpense
700000 usd
CY2024Q1 us-gaap Other Underwriting Expense
OtherUnderwritingExpense
345876 usd
CY2024Q1 us-gaap Legal Fees
LegalFees
595000 usd
CY2024Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
499590 usd
CY2024Q1 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
2140466 usd
CY2024Q1 INHD Payment For Offering Transaction Costs
PaymentForOfferingTransactionCosts
590466 usd
CY2023Q4 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
8450000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1526661 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4898 usd
CY2024Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
757744 usd
CY2024Q1 us-gaap Area Of Land
AreaOfLand
15000 sqft
CY2024Q1 us-gaap Area Of Land
AreaOfLand
2.5 acre
CY2023Q3 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
24710 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
251953 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
221156 usd
CY2023Q3 us-gaap Lease Deposit Liability
LeaseDepositLiability
39699 usd
CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
55000 usd
CY2024Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
44204 usd
CY2024 us-gaap Lease Cost
LeaseCost
770676 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
570295 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
437770 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
60236 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
488094 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
720487 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
109430 usd
CY2024Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.095 pure
CY2023Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.085 pure
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
570295 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
437770 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
60236 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
212277 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
275817 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
60236 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
488094 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
62792 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2556 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
60236 usd
CY2024Q3 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
73000 usd
CY2024Q3 us-gaap Litigation Settlement Amount Awarded To Other Party
LitigationSettlementAmountAwardedToOtherParty
1300000 usd
CY2024Q2 INHD Minimum Bid Price
MinimumBidPrice
1.00
CY2024Q2 us-gaap Share Price
SharePrice
1.00
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0075 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.0075 pure
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
800 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
800 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1532244 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-633247 usd
CY2024 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-1532244 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-633247 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
800 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
8750 usd
CY2024Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1493981 usd
CY2023Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
626793 usd
CY2024Q3 INHD Deferred Tax Assets Depreciation
DeferredTaxAssetsDepreciation
-47602 usd
CY2023Q3 INHD Deferred Tax Assets Depreciation
DeferredTaxAssetsDepreciation
-53588 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Unearned Premiums Reserve
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsUnearnedPremiumsReserve
72917 usd
CY2024Q3 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
8542 usd
CY2023Q3 us-gaap Deferred Tax Assets Investment In Subsidiaries
DeferredTaxAssetsInvestmentInSubsidiaries
18856 usd
CY2023Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
266272 usd
CY2024Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
4406 usd
CY2023Q3 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
1383 usd
CY2024Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
1532244 usd
CY2023Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
868466 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1532244 usd
CY2023Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
868466 usd
CY2024Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
4100000 usd
CY2023Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
2500000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.0002 pure
CY2024 INHD Effective Income Tax Rate Reconciliation At Net Effect Of State Income Tax Deduction And Other Permanent Differences
EffectiveIncomeTaxRateReconciliationAtNetEffectOfStateIncomeTaxDeductionAndOtherPermanentDifferences
-0.2100 pure
CY2023 INHD Effective Income Tax Rate Reconciliation At Net Effect Of State Income Tax Deduction And Other Permanent Differences
EffectiveIncomeTaxRateReconciliationAtNetEffectOfStateIncomeTaxDeductionAndOtherPermanentDifferences
-0.2100 pure
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0002 pure
CY2024Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
0 usd
CY2023Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
0 usd
CY2024Q3 INHD No Insider Trading Flag
NoInsiderTradingFlag
true

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