2023 Q4 Form 10-Q Financial Statement

#000121390023085251 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q4
Revenue $20.96M $15.77M $21.37M
YoY Change -1.91% -50.26% -52.56%
Cost Of Revenue $20.71M $15.92M $20.35M
YoY Change 1.81% -44.96% -50.03%
Gross Profit $250.2K -$153.2K $1.026M
YoY Change -75.61% -105.5% -76.33%
Gross Profit Margin 1.19% -0.97% 4.8%
Selling, General & Admin $2.922M $2.335M $1.518M
YoY Change 92.55% -30.73% -36.39%
% of Gross Profit 1167.62% 147.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.656M $3.420M $3.570M
YoY Change 2.41% -5.68% -1.52%
% of Gross Profit 1460.94% 347.89%
Operating Expenses $2.922M $2.335M $1.517M
YoY Change 92.55% -30.73% -36.39%
Operating Profit -$2.672M -$2.485M -$491.4K
YoY Change 443.73% 322.03% -125.19%
Interest Expense -$184.8K $247.8K $454.8K
YoY Change -140.62% -3.45% -83.76%
% of Operating Profit
Other Income/Expense, Net $371.7K
YoY Change
Pretax Income -$3.985M -$1.979M -$35.99K
YoY Change 10972.74% 35.98% -100.76%
Income Tax -$1.070K -$3.236K $11.87M
% Of Pretax Income
Net Earnings -$3.984M -$1.975M -$11.91M
YoY Change -66.54% 4.67% -386.59%
Net Earnings / Revenue -19.0% -12.52% -55.72%
Basic Earnings Per Share -$0.20
Diluted Earnings Per Share -$0.40 -$0.20 -$1.59
COMMON SHARES
Basic Shares Outstanding 10.07M shares 10.07M shares 11.42M shares
Diluted Shares Outstanding 10.07M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.919M $9.400M $9.525M
YoY Change -58.86% -41.31% -14.97%
Cash & Equivalents $3.919M $9.438M $9.525M
Short-Term Investments
Other Short-Term Assets $6.045M $6.300M $27.21M
YoY Change -77.78% -34.66% 146.08%
Inventory $3.555M $5.365M $2.873M
Prepaid Expenses $95.76K $27.46K
Receivables $575.5K $2.794M $0.00
Other Receivables $14.26M $17.10M $21.20M
Total Short-Term Assets $28.36M $41.06M $47.17M
YoY Change -39.88% -15.22% -15.04%
LONG-TERM ASSETS
Property, Plant & Equipment $164.5M $144.6M $151.6M
YoY Change 8.53% -3.3% 17.61%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $900.0K $1.032M
YoY Change -100.0% -92.8% -98.11%
Total Long-Term Assets $166.4M $147.9M $157.3M
YoY Change 5.79% -11.26% -15.45%
TOTAL ASSETS
Total Short-Term Assets $28.36M $41.06M $47.17M
Total Long-Term Assets $166.4M $147.9M $157.3M
Total Assets $194.7M $189.0M $204.4M
YoY Change -4.75% -12.15% -15.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.990K $104.1K $5.025K
YoY Change -0.7% -27.78% -51.02%
Accrued Expenses $2.057M $590.2K $608.5K
YoY Change 238.14% -71.02%
Deferred Revenue
YoY Change
Short-Term Debt $423.6K $800.0K $5.598M
YoY Change -92.43% -84.22% -6.05%
Long-Term Debt Due $6.875M $4.708M $5.060M
YoY Change 35.85% 5075.52% -28.21%
Total Short-Term Liabilities $21.42M $12.02M $17.64M
YoY Change 21.42% -31.65% -13.67%
LONG-TERM LIABILITIES
Long-Term Debt $4.504M $6.562M $4.784M
YoY Change -5.86% 24.73% 52.74%
Other Long-Term Liabilities $483.9K $500.0K $698.6K
YoY Change -30.73% -77.81% -68.51%
Total Long-Term Liabilities $4.988M $6.562M $5.483M
YoY Change -9.03% 191.2% 2.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.42M $12.02M $17.64M
Total Long-Term Liabilities $4.988M $6.562M $5.483M
Total Liabilities $26.41M $19.05M $23.12M
YoY Change 14.2% -21.47% -10.32%
SHAREHOLDERS EQUITY
Retained Earnings $83.63M $87.61M $93.58M
YoY Change -10.63%
Common Stock $89.18M $89.18M $10.07K
YoY Change 885880.9% 781109.15% 1.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $168.3M $169.9M $181.3M
YoY Change
Total Liabilities & Shareholders Equity $194.7M $189.0M $204.4M
YoY Change -4.75% -12.15% -15.36%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q4
OPERATING ACTIVITIES
Net Income -$3.984M -$1.975M -$11.91M
YoY Change -66.54% 4.67% -386.59%
Depreciation, Depletion And Amortization $3.656M $3.420M $3.570M
YoY Change 2.41% -5.68% -1.52%
Cash From Operating Activities $5.381M $1.740M $3.290M
YoY Change 63.55% -49.99% -17.88%
INVESTING ACTIVITIES
Capital Expenditures $13.08M $3.640M $2.852M
YoY Change 358.71% -463.88% -123.21%
Acquisitions
YoY Change
Other Investing Activities $53.57K $0.00 $143.0K
YoY Change -62.54% -100.0%
Cash From Investing Activities -$13.03M -$3.640M -$2.709M
YoY Change 380.94% 320.76% -77.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.410M -820.0K -7.720M
YoY Change -131.22% -593.71% 4.98%
NET CHANGE
Cash From Operating Activities 5.381M 1.740M 3.290M
Cash From Investing Activities -13.03M -3.640M -2.709M
Cash From Financing Activities 2.410M -820.0K -7.720M
Net Change In Cash -5.238M -2.720M -7.139M
YoY Change -26.62% -197.83% -54.35%
FREE CASH FLOW
Cash From Operating Activities $5.381M $1.740M $3.290M
Capital Expenditures $13.08M $3.640M $2.852M
Free Cash Flow -$7.702M -$1.900M $438.1K
YoY Change -1857.96% -142.41% -97.31%

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us-gaap Increase Decrease In Due To Related Parties
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us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Employee Related Liabilities
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119132 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1000945 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
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-413777 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Short Term Debt
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us-gaap Proceeds From Short Term Debt
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us-gaap Repayments Of Bank Debt
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us-gaap Repayments Of Debt And Capital Lease Obligations
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us-gaap Repayments Of Debt And Capital Lease Obligations
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itp Loan To A Related Partynet
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-86927 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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4815791 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11201612 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9437941 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16017403 usd
us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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itp Cash And Bank Balances
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itp Cash And Bank Balances
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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9437941 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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16017403 usd
CY2021Q4 us-gaap Stockholders Equity
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us-gaap Stock Issued During Period Value New Issues
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us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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us-gaap Net Income Loss
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CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
189472698 usd
CY2022Q4 us-gaap Stockholders Equity
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us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
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-5417331 usd
us-gaap Net Income Loss
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-5962026 usd
CY2023Q3 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
us-gaap Variable Interest Entity Ownership Percentage
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1 pure
CY2010Q2 us-gaap Capital
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CY2023Q3 us-gaap Shares Issued Price Per Share
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1
CY2010Q4 itp Percentage Share Of Distributable Profit
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1 pure
itp Subsidary Ownership Percentage
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1 pure
CY2022Q2 us-gaap Share Price
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0.001
CY2023Q3 us-gaap Inventory Raw Materials
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4000994 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
1471436 usd
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
634615 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
132810 usd
CY2023Q3 us-gaap Inventory Finished Goods
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CY2022Q4 us-gaap Inventory Finished Goods
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CY2023Q3 us-gaap Inventory Gross
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CY2022Q4 us-gaap Inventory Gross
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CY2023Q3 us-gaap Inventory Net
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5364777 usd
CY2022Q4 us-gaap Inventory Net
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2872622 usd
CY2023Q3 itp Prepaid Land Lease
PrepaidLandLease
174100 usd
CY2022Q4 itp Prepaid Land Lease
PrepaidLandLease
172300 usd
CY2023Q3 itp Prepayment For Purchase Of Materials
PrepaymentForPurchaseOfMaterials
5231142 usd
CY2022Q4 itp Prepayment For Purchase Of Materials
PrepaymentForPurchaseOfMaterials
12941951 usd
CY2023Q3 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
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CY2022Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
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CY2023Q3 us-gaap Prepaid Expense Current
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CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
27462 usd
CY2023Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
819751 usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
424546 usd
CY2023Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
20049101 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
27207127 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
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285522844 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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286406838 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
140919792 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
134836940 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
144603052 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
151569898 usd
itp Sale Leaseback Transaction Lease Period
SaleLeasebackTransactionLeasePeriod
As of September 30, 2023 and December 31, 2022, land use rights represented twenty three parcels of state-owned lands located in Xushui District and Wei County of Hebei Province in China, with lease terms of 50 years expiring in 2061 and 2068, respectively.
CY2023Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
3755317 usd
CY2022Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
3948953 usd
us-gaap Payments To Acquire Land Held For Use
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5098721 usd
CY2023Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
3423231 usd
CY2022Q3 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
3609985 usd
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
10573288 usd
CY2022 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
11168328 usd
CY2020Q3 us-gaap Net Investment In Lease Sale
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16000000 cny
CY2020Q3 us-gaap Derivative Fixed Interest Rate
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0.156 pure
CY2020Q3 itp Inception Of Lease
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567099 usd
us-gaap Operating Lease Cost
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104460 cny
us-gaap Lease Cost
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104460 cny
us-gaap Operating Lease Payments
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139280 cny
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y10M24D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0756 pure
CY2023Q3 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
835678 usd
CY2022Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
5598311 usd
CY2023Q2 us-gaap Other Notes Payable
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71743 usd
CY2023Q2 itp Working Capital Agreement Due
WorkingCapitalAgreementDue
2023-11-25
CY2023Q2 itp Working Capital Agreement Due
WorkingCapitalAgreementDue
2024-06-28
CY2023Q3 us-gaap Unsecured Debt
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968751 usd
CY2022Q4 us-gaap Other Short Term Borrowings
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5023978 usd
CY2022Q4 us-gaap Unsecured Debt
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574333 usd
CY2023Q3 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0452 pure
CY2022Q3 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0428 pure
us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0466 pure
us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.046 pure
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
11270053 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
9040002 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
11270053 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
9040002 usd
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
4707652 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4835884 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
6562401 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4204118 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
4707652 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3061367 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
3501034 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
11270053 usd
CY2023Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
247628 usd
CY2022Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
248239 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
760807 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
753789 usd
CY2015Q4 us-gaap Loans Payable
LoansPayable
2249279 usd
CY2014Q4 us-gaap Related Party Transaction Date
RelatedPartyTransactionDate
2017-12-10
CY2018Q1 us-gaap Interest Income Other
InterestIncomeOther
20400 usd
us-gaap Loans And Leases Receivable Related Parties Description
LoansAndLeasesReceivableRelatedPartiesDescription
Mr. Zhenyong Liu agreed to extend the loan for additional 3 years and the remaining balance was due on July 12, 2021.
CY2019Q4 us-gaap Interest Expense Other
InterestExpenseOther
94636 usd
CY2023Q3 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
191422 usd
CY2022Q4 us-gaap Other Borrowings
OtherBorrowings
6963982 usd
CY2022Q4 us-gaap Other Borrowings
OtherBorrowings
6963982 usd
CY2022Q4 us-gaap Other Borrowings
OtherBorrowings
50000000 cny
CY2022Q4 us-gaap Other Borrowings
OtherBorrowings
50000000 cny
CY2023Q3 us-gaap Loans Payable
LoansPayable
4264938 usd
CY2023Q3 us-gaap Loans Payable
LoansPayable
30000000 cny
CY2023Q3 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
114579 usd
CY2022Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
3036 usd
CY2023Q3 us-gaap Accrued Rent Current
AccruedRentCurrent
20129 usd
CY2022Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
56646 usd
CY2023Q3 itp Value Added Taxes Payable Current
ValueAddedTaxesPayableCurrent
686 usd
CY2022Q4 itp Value Added Taxes Payable Current
ValueAddedTaxesPayableCurrent
69053 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
590227 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
608465 usd
CY2023Q3 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
2442169 usd
CY2022Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
3294940 usd
CY2023Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
14553 usd
CY2022Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
19524 usd
CY2023Q3 us-gaap Interest Payable Current
InterestPayableCurrent
1203655 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1595354 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
472446 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18540 usd
CY2023Q3 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
4858444 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
5665558 usd
CY2022Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
646283 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-646020 usd
CY2023Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
263 usd
CY2021Q1 us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
2618182 shares
CY2021Q1 itp Common Stock Issued To Purchase Of Warrants
CommonStockIssuedToPurchaseOfWarrants
2618182 shares
CY2021Q1 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
2618182 shares
CY2021Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
14400000 usd
itp Corresponding Price Per Share
CorrespondingPricePerShare
5.5
itp Exercise Price Per Warrant1
ExercisePricePerWarrant1
5.5
CY2021Q1 itp Aggregate Shares Of Common Stock
AggregateSharesOfCommonStock
2927786 shares
CY2021Q1 itp Warrants To Purchase Shares
WarrantsToPurchaseShares
1463893 shares
CY2021Q1 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
1463893 shares
CY2021Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
21900000 usd
itp Warrant Price Per Share
WarrantPricePerShare
7.5
CY2021Q1 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
7.5
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-10
CY2022Q2 itp Stock Issued During Period Price Per Share Reverse Stock Splits
StockIssuedDuringPeriodPricePerShareReverseStockSplits
0.001
CY2022Q3 us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
150000 shares
CY2022Q3 us-gaap Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
156000 usd
CY2020Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
88000 shares
CY2020Q2 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
7.425
CY2020Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
352000 shares
CY2021Q1 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
2618182 shares
CY2021Q1 itp Common Stock Issued To Purchase Stock
CommonStockIssuedToPurchaseStock
2618182 shares
CY2021Q1 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
5.5
CY2021Q1 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
1410690 shares
CY2021Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1207492 shares
CY2021Q1 itp Common Stock Issued To Purchase Stock
CommonStockIssuedToPurchaseStock
1463893 shares
CY2021Q1 us-gaap Warrant Exercise Price Increase
WarrantExercisePriceIncrease
7.5
CY2021Q1 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
6750 shares
CY2021Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1457143 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3016635 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.6907
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3016635 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.6907
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1975368 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-1887318 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10065920 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9991744 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.2
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.19
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1975368 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-1887318 usd
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9991744 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9991744 shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.2
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.19
us-gaap Net Income Loss
NetIncomeLoss
-5962026 usd
us-gaap Net Income Loss
NetIncomeLoss
-4663445 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10065920 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9941288 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.59
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.47
us-gaap Net Income Loss
NetIncomeLoss
-5962026 usd
us-gaap Net Income Loss
NetIncomeLoss
-4663445 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9941288 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9941288 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.47
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2022Q3 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
15062 usd
CY2023Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-3236 usd
CY2022Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
793630 usd
CY2022Q3 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-376405 usd
CY2023Q3 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-3236 usd
CY2022Q3 us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
432287 usd
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
15062 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
348024 usd
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1022037 usd
us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
-1197630 usd
us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
348024 usd
us-gaap Other Tax Expense Benefit
OtherTaxExpenseBenefit
-160531 usd
itp Description Of Carry Forwards Expire
DescriptionOfCarryForwardsExpire
These carry forwards would expire, if not utilized, during the period of 2030 through 2035.
CY2023Q3 itp Deferred Tax Assets Valuation Allowance Percentage
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1 pure
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