$ITP
IT TECH PACKAGING, INC. Stock $itp

$itp Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000121390024041827 Filed on May 10, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1
Revenue	$26.25M	$6.864M	$19.79M
YoY Change	-12.56%	-65.32%	27.83%
Cost Of Revenue	$22.98M	$6.465M	$20.07M
YoY Change	-20.3%	-67.79%	32.28%
Gross Profit	$3.265M	$399.1K	-$277.0K
YoY Change	176.75%	-244.08%	-189.22%
Gross Profit Margin	12.44%	5.81%	-1.4%
Selling, General & Admin	$2.718M	$3.901M	$2.495M
YoY Change	105.35%	56.32%	-24.4%
% of Gross Profit	83.23%	977.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.381M	$3.482M	$3.686M
YoY Change	-2.39%	-5.55%	-2.31%
% of Gross Profit	103.55%	872.38%
Operating Expenses	$2.718M	$3.901M	$2.495M
YoY Change	105.35%	56.32%	-24.4%
Operating Profit	$547.8K	-$3.502M	-$2.772M
YoY Change	-205.6%	26.31%	-7.29%
Interest Expense	$211.6K	$210.3K	$249.2K
YoY Change	-21.84%	-15.6%	108.98%
% of Operating Profit	38.62%
Other Income/Expense, Net
YoY Change
Pretax Income	$339.0K	-$3.710M	-$2.733M
YoY Change	-137.58%	35.73%	-3.67%
Income Tax	$416.8K	$36.79K
% Of Pretax Income	122.93%
Net Earnings	-$77.75K	-$3.747M	-$2.733M
YoY Change	-93.8%	37.08%	9.84%
Net Earnings / Revenue	-0.3%	-54.58%	-13.81%
Basic Earnings Per Share	-$0.01	-$0.37	-$0.27
Diluted Earnings Per Share	-$0.01	-$0.37	-$0.27
COMMON SHARES
Basic Shares Outstanding	10.07M shares	10.07M shares	10.07M shares
Diluted Shares Outstanding	10.07M shares	10.07M shares	10.07M shares

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$5.144M	$4.514M	$16.75M
YoY Change	-57.06%	-73.05%	9.07%
Cash & Equivalents	$6.044M	$5.418M	$16.75M
Short-Term Investments
Other Short-Term Assets	$5.878M	$5.253M	$18.73M
YoY Change	-69.49%	-71.96%	125.99%
Inventory	$5.282M	$3.492M	$5.970M
Prepaid Expenses			$27.83K
Receivables	$2.638M	$2.386M	$2.232M
Other Receivables	$727.4K	$727.4K	$7.795M
Total Short-Term Assets	$33.43M	$30.01M	$51.48M
YoY Change	-29.9%	-41.7%	5.9%
LONG-TERM ASSETS
Property, Plant & Equipment	$155.6M	$160.2M	$149.8M
YoY Change	9.58%	6.93%	-15.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets		$0.00	$881.9K
YoY Change		-100.0%	-92.44%
Total Long-Term Assets	$157.9M	$162.6M	$155.4M
YoY Change	5.96%	4.64%	-18.4%
TOTAL ASSETS
Total Short-Term Assets	$33.43M	$30.01M	$51.48M
Total Long-Term Assets	$157.9M	$162.6M	$155.4M
Total Assets	$191.4M	$192.6M	$206.8M
YoY Change	-2.73%	-6.89%	-13.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$241.8K
YoY Change
Accrued Expenses	$594.6K	$597.3K	$616.7K
YoY Change	1.39%	-3.15%	-74.54%
Deferred Revenue
YoY Change
Short-Term Debt			$5.674M
YoY Change			-5.19%
Long-Term Debt Due	$6.818M	$8.117M	$5.265M
YoY Change	81.25%	54.17%	-25.8%
Total Short-Term Liabilities	$22.92M	$24.57M	$18.13M
YoY Change	32.46%	35.54%	-9.07%
LONG-TERM LIABILITIES
Long-Term Debt	$4.490M	$3.242M	$7.102M
YoY Change	-39.63%	-54.35%	130.78%
Other Long-Term Liabilities	$498.7K	$491.9K	$524.5K
YoY Change	-59.35%	-6.21%	-70.99%
Total Long-Term Liabilities	$4.490M	$3.242M	$7.626M
YoY Change	-48.18%	-57.49%	56.1%
TOTAL LIABILITIES
Total Short-Term Liabilities	$22.92M	$24.57M	$18.13M
Total Long-Term Liabilities	$4.490M	$3.242M	$7.626M
Total Liabilities	$27.91M	$28.31M	$25.76M
YoY Change	7.47%	9.91%	3.76%
SHAREHOLDERS EQUITY
Retained Earnings	$79.80M	$79.88M
YoY Change
Common Stock	$89.18M	$89.18M	$10.07K
YoY Change	885880.9%	885880.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$163.5M	$164.3M	$181.1M
YoY Change
Total Liabilities & Shareholders Equity	$191.4M	$192.6M	$206.8M
YoY Change	-2.73%	-6.89%	-13.46%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	-$77.75K	-$3.747M	-$2.733M
YoY Change	-93.8%	37.08%	9.84%
Depreciation, Depletion And Amortization	$3.381M	$3.482M	$3.686M
YoY Change	-2.39%	-5.55%	-2.31%
Cash From Operating Activities	$721.9K	$624.4K	$4.810M
YoY Change	-22.94%	-87.02%	9.03%
INVESTING ACTIVITIES
Capital Expenditures	$53.61K	$9.030K	$295.0K
YoY Change	-98.98%	-96.94%	-180.06%
Acquisitions
YoY Change
Other Investing Activities			$0.00
YoY Change			-100.0%
Cash From Investing Activities	-$53.61K	-$9.027K	-$295.0K
YoY Change	-98.98%	-96.94%	-95.89%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-390.0	$422.5K	$2.565M
YoY Change	-100.15%	-83.53%	-62.8%
NET CHANGE
Cash From Operating Activities	721.9K	$624.4K	$4.810M
Cash From Investing Activities	-53.61K	-$9.027K	-$295.0K
Cash From Financing Activities	-390.0	$422.5K	$2.565M
Net Change In Cash	667.9K	$1.026M	$7.226M
YoY Change	-116.39%	-85.81%	75.02%
FREE CASH FLOW
Cash From Operating Activities	$721.9K	$624.4K	$4.810M
Capital Expenditures	$53.61K	$9.030K	$295.0K
Free Cash Flow	$668.3K	$615.4K	$4.515M
YoY Change	-115.42%	-86.37%	-5.54%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.27
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10065920	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10065920	shares
CY2024Q1	dei	Document Type DocumentType	10-Q
CY2024Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2024Q1	dei	Document Period End Date DocumentPeriodEndDate	2024-03-31
CY2024Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2024Q1	dei	Entity File Number EntityFileNumber	001-34577
CY2024Q1	dei	Entity Registrant Name EntityRegistrantName	IT TECH PACKAGING, INC.
CY2024Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2024Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	20-4158835
CY2024Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	Science Park
CY2024Q1	dei	Entity Address Address Line2 EntityAddressAddressLine2	Juli Rd
CY2024Q1	dei	Entity Address Address Line3 EntityAddressAddressLine3	Xushui District
CY2024Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Baoding City
CY2024Q1	dei	Entity Address Country EntityAddressCountry	CN
CY2024Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	072550
CY2024Q1	dei	City Area Code CityAreaCode	(86)
CY2024Q1	dei	Local Phone Number LocalPhoneNumber	312-8698215
CY2024Q1	dei	Security12b Title Security12bTitle	Common Stock, par value $0.001
CY2024Q1	dei	Trading Symbol TradingSymbol	ITP
CY2024Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2024Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2024Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2024Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2024Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2024Q1	dei	Entity Shell Company EntityShellCompany	false
CY2024Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	10065920	shares
CY2024Q1	us-gaap	Cash Cash	4514020	usd
CY2023Q4	us-gaap	Cash Cash	3918938	usd
CY2024Q1	us-gaap	Restricted Cash RestrictedCash	903540	usd
CY2023Q4	us-gaap	Restricted Cash RestrictedCash	472983	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	48697	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	11745	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	2386177	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	575526	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	3492364	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	3555235	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	17677417	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	18981290	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	30014832	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	28357901	usd
CY2024Q1	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	503221	usd
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	528648	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	160205120	usd
CY2023Q4	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	423567	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	163974022	usd
CY2024Q1	us-gaap	Value Added Tax Receivable Noncurrent ValueAddedTaxReceivableNoncurrent	1872931	usd
CY2023Q4	us-gaap	Value Added Tax Receivable Noncurrent ValueAddedTaxReceivableNoncurrent	1883078	usd
CY2024Q1	us-gaap	Assets Assets	192596104	usd
CY2023Q4	us-gaap	Assets Assets	194743649	usd
CY2024Q1	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	845666	usd
CY2024Q1	us-gaap	Loans Payable Current LoansPayableCurrent	8116984	usd
CY2023Q4	us-gaap	Loans Payable Current LoansPayableCurrent	6874497	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	102154	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	100484	usd
CY2024Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	241779	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	4991	usd
CY2024Q1	us-gaap	Customer Advances Current CustomerAdvancesCurrent	110787	usd
CY2023Q4	us-gaap	Customer Advances Current CustomerAdvancesCurrent	136167	usd
CY2024Q1	us-gaap	Notes Payable Current NotesPayableCurrent	246501	usd
CY2024Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	310687	usd
CY2023Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	237842	usd
CY2024Q1	us-gaap	Other Accounts Payable And Accrued Liabilities OtherAccountsPayableAndAccruedLiabilities	13869095	usd
CY2023Q4	us-gaap	Other Accounts Payable And Accrued Liabilities OtherAccountsPayableAndAccruedLiabilities	12912517	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	24573748	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	21418934	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3241720	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4503932	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	491908	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	483866	usd
CY2024Q1	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	20	usd
CY2023Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	54	usd
CY2024Q1	itp	Variable Interest Entity Consolidated Carrying Amount Liabilities1 VariableInterestEntityConsolidatedCarryingAmountLiabilities1	21648803	usd
CY2023Q4	itp	Variable Interest Entity Consolidated Carrying Amount Liabilities1 VariableInterestEntityConsolidatedCarryingAmountLiabilities1	20084995	usd
CY2024Q1	us-gaap	Liabilities Liabilities	28307396	usd
CY2023Q4	us-gaap	Liabilities Liabilities	26406786	usd
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	10065920	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	10065920	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	10065920	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	10065920	shares
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	10066	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	10066	usd
CY2024Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	89172771	usd
CY2023Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	89172771	usd
CY2024Q1	itp	Statutory Earnings Reserve StatutoryEarningsReserve	6080574	usd
CY2023Q4	itp	Statutory Earnings Reserve StatutoryEarningsReserve	6080574	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-10857153	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-10555534	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	79882450	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	83628986	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	164288708	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	168336863	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	192596104	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	194743649	usd
CY2024Q1	us-gaap	Revenues Revenues	6863841	usd
CY2023Q1	us-gaap	Revenues Revenues	19790877	usd
CY2024Q1	us-gaap	Cost Of Revenue CostOfRevenue	6464728	usd
CY2023Q1	us-gaap	Cost Of Revenue CostOfRevenue	20067876	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	399113	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	-276999	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	3900783	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2495362	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3501670	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-2772361	usd
CY2024Q1	us-gaap	Interest Income Other InterestIncomeOther	2183	usd
CY2023Q1	us-gaap	Interest Income Other InterestIncomeOther	136268	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	210290	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	249169	usd
CY2024Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	34	usd
CY2023Q1	us-gaap	Unrealized Gain Loss On Derivatives UnrealizedGainLossOnDerivatives	152097	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3709743	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2733165	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	36793	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-3746536	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-2733165	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-301619	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	2502756	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-4048155	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-230409	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.37
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.27
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10065920	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10065920	shares
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-3746536	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	-2733165	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3481788	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	3686243	usd
CY2024Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	34	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Derivatives GainLossOnSaleOfDerivatives	152097	usd
CY2023Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-12926	usd
CY2024Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	36942	usd
CY2023Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-246386	usd
CY2024Q1	us-gaap	Inventory Write Down InventoryWriteDown	-2951	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1847112	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1988921	usd
CY2024Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1276805	usd
CY2023Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-9461336	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-59612	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	3062782	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	236603	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	-5101	usd
CY2024Q1	us-gaap	Increase Decrease In Customer Advances IncreaseDecreaseInCustomerAdvances	-25123	usd
CY2024Q1	us-gaap	Increase Decrease In Notes Payable Current IncreaseDecreaseInNotesPayableCurrent	246299	usd
CY2024Q1	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-187484	usd
CY2023Q1	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-128625	usd
CY2024Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	73213	usd
CY2023Q1	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	126986	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	1022398	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	263712	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-424198	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	624420	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	4809928	usd
CY2024Q1	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	9027	usd
CY2023Q1	us-gaap	Payments To Acquire Other Property Plant And Equipment PaymentsToAcquireOtherPropertyPlantAndEquipment	295018	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-9027	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-295018	usd
CY2024Q1	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	422488	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	2623410	usd
CY2023Q1	itp	Loan To A Related Partynet LoanToARelatedPartynet	-2915	usd
CY2023Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	55849	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	422488	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2564646	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-12242	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	146516	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	1025639	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	7226072	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4391921	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	9524868	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5417560	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	16750940	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	137340	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	84040	usd
CY2024Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	36793	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	424198	usd
CY2024Q1	itp	Cash And Bank Balances CashAndBankBalances	4514020	usd
CY2023Q1	itp	Cash And Bank Balances CashAndBankBalances	16750940	usd
CY2024Q1	us-gaap	Restricted Cash Equivalents Current RestrictedCashEquivalentsCurrent	903540	usd
CY2024Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	5417560	usd
CY2023Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	16750940	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	181323892	usd
CY2022Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	2502756	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-2733165	usd
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	181093483	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	168336863	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-301619	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	-3746536	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	164288708	usd
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q2	us-gaap	Stockholders Equity Reverse Stock Split StockholdersEquityReverseStockSplit	1-for-10
CY2024Q1	us-gaap	Variable Interest Entity Ownership Percentage VariableInterestEntityOwnershipPercentage	1	pure
CY2009Q2	us-gaap	Capital Capital	60000000	usd
CY2024Q1	us-gaap	Shares Issued Price Per Share SharesIssuedPricePerShare	1
CY2010Q4	itp	Percentage Share Of Distributable Profit PercentageShareOfDistributableProfit	1	pure
CY2024Q1	itp	Subsidary Ownership Percentage SubsidaryOwnershipPercentage	1	pure
CY2024Q1	us-gaap	Restricted Cash Current RestrictedCashCurrent	472163	usd
CY2023Q4	us-gaap	Restricted Cash Current RestrictedCashCurrent	472983	usd
CY2024Q1	us-gaap	Inventory Raw Materials InventoryRawMaterials	1262424	usd
CY2023Q4	us-gaap	Inventory Raw Materials InventoryRawMaterials	372968	usd
CY2024Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	299686	usd
CY2023Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	300207	usd
CY2024Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	1930254	usd
CY2023Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	2885019	usd
CY2024Q1	us-gaap	Inventory Gross InventoryGross	3492364	usd
CY2023Q4	us-gaap	Inventory Gross InventoryGross	3558194	usd
CY2023Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2959	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	3492364	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	3555235	usd
CY2024Q1	itp	Prepayment For Purchase Of Materials PrepaymentForPurchaseOfMaterials	4175436	usd
CY2023Q4	itp	Prepayment For Purchase Of Materials PrepaymentForPurchaseOfMaterials	5446823	usd
CY2024Q1	us-gaap	Value Added Tax Receivable ValueAddedTaxReceivable	13327542	usd
CY2023Q4	us-gaap	Value Added Tax Receivable ValueAddedTaxReceivable	13409459	usd
CY2024Q1	itp	Prepaid Gas PrepaidGas	164655	usd
CY2023Q4	itp	Prepaid Gas PrepaidGas	116372	usd
CY2024Q1	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	9784	usd
CY2023Q4	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	8636	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	17677417	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	18981290	usd
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	307887049	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	308421734	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	147681929	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	144447712	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	160205120	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	163974022	usd
CY2023Q4	itp	Property Plant And Equipment Lease Term PropertyPlantAndEquipmentLeaseTerm	P50Y
CY2024Q1	itp	Property Plant And Equipment Lease Term PropertyPlantAndEquipmentLeaseTerm	P50Y
CY2024Q1	itp	Land Use Right Net Value LandUseRightNetValue	4872632	usd
CY2023Q4	itp	Land Use Right Net Value LandUseRightNetValue	4910034	usd
CY2024Q1	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	306528	usd
CY2024Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3481788	usd
CY2023	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3686243	usd
CY2020Q3	us-gaap	Sale Leaseback Transaction Lease Term SaleLeasebackTransactionLeaseTerm	P3Y
CY2020Q3	us-gaap	Sale Leaseback Transaction Imputed Interest Rate SaleLeasebackTransactionImputedInterestRate	0.156	pure
CY2020Q3	itp	Sale Leaseback Transaction Interest Rate Amount SaleLeasebackTransactionInterestRateAmount	567099	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	38865	usd
CY2023Q1	itp	Sale Leaseback Arrangement Interest Expenses SaleLeasebackArrangementInterestExpenses	4490	usd
CY2024Q1	us-gaap	Operating Lease Cost OperatingLeaseCost	35236	cny
CY2024Q1	us-gaap	Lease Cost LeaseCost	35236	cny
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	140944	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	140944	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	140944	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	140944	usd
CY2019Q2	us-gaap	Long Term Debt Term LongTermDebtTerm	P3Y
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	140944	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	704722	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	110660	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	594062	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	102154	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	491908	usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y4M24D
CY2024Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0756	pure
CY2024Q1	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	845666	usd
CY2023Q4	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	423567	usd
CY2023Q4	us-gaap	Other Short Term Borrowings OtherShortTermBorrowings	281889	usd
CY2023Q4	us-gaap	Short Term Debt Percentage Bearing Fixed Interest Rate ShortTermDebtPercentageBearingFixedInterestRate	0.055	pure
CY2024Q1	us-gaap	Unsecured Debt UnsecuredDebt	704722	usd
CY2023Q4	us-gaap	Unsecured Debt UnsecuredDebt	423567	usd
CY2024Q1	us-gaap	Short Term Debt Weighted Average Interest Rate Over Time ShortTermDebtWeightedAverageInterestRateOverTime	0.0448	pure
CY2023Q1	us-gaap	Short Term Debt Weighted Average Interest Rate Over Time ShortTermDebtWeightedAverageInterestRateOverTime	0.0472	pure
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	11358704	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	11378429	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	11358704	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	11378429	usd
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	8116984	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	6874497	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3241720	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	4503932	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	8116984	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	2114165	usd
CY2024Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	1127555	usd
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	11358704	usd
CY2024Q1	us-gaap	Other Accounts Payable And Accrued Liabilities OtherAccountsPayableAndAccruedLiabilities	13869095	usd
CY2024Q1	itp	Loan Agreement Term LoanAgreementTerm	P3Y
CY2023Q4	us-gaap	Long Term Debt Maturity Date LongTermDebtMaturityDate	2026-12-05
CY2024Q1	us-gaap	Interest And Debt Expense InterestAndDebtExpense	209586	usd
CY2023Q1	us-gaap	Interest And Debt Expense InterestAndDebtExpense	244679	usd
CY2021Q3	us-gaap	Loans Held For Sale Term LoansHeldForSaleTerm	P3Y
CY2019Q4	itp	Interest Expenses InterestExpenses	94636	shares
CY2022Q4	us-gaap	Other Borrowings OtherBorrowings	7059455	usd
CY2022Q4	us-gaap	Other Borrowings OtherBorrowings	7059455	usd
CY2022Q4	us-gaap	Other Borrowings OtherBorrowings	50000000	cny
CY2022Q4	us-gaap	Other Borrowings OtherBorrowings	50000000	cny
CY2023Q3	us-gaap	Loans Payable LoansPayable	4235673	usd
CY2023Q3	us-gaap	Loans Payable LoansPayable	30000000	cny
CY2023Q1	us-gaap	Interest And Fee Income Other Loans InterestAndFeeIncomeOtherLoans	131553	usd
CY2024Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	727433	usd
CY2023Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	727433	usd
CY2024Q1	us-gaap	Notes Payable Current NotesPayableCurrent	246501	usd
CY2024Q1	itp	Percentage Of Handling Change PercentageOfHandlingChange	0.0005	pure
CY2024Q1	us-gaap	Accrued Utilities Current AccruedUtilitiesCurrent	160199	usd
CY2023Q4	us-gaap	Accrued Utilities Current AccruedUtilitiesCurrent	3054	usd
CY2024Q1	itp	Value Added Taxes Payable Current ValueAddedTaxesPayableCurrent	77633	usd
CY2023Q4	itp	Value Added Taxes Payable Current ValueAddedTaxesPayableCurrent	696	usd
CY2024Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	597282	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	598319	usd
CY2024Q1	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	11147449	usd
CY2023Q4	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	11175858	usd
CY2024Q1	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	9966	usd
CY2023Q4	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	47040	usd
CY2024Q1	us-gaap	Interest Payable Current InterestPayableCurrent	1141860	usd
CY2023Q4	us-gaap	Interest Payable Current InterestPayableCurrent	1070708	usd
CY2024Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	734706	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	16842	usd
CY2021Q1	itp	Warrant Price Per Share WarrantPricePerShare	7.5
CY2021Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	7.5
CY2023Q4	us-gaap	Other Accounts Payable And Accrued Liabilities OtherAccountsPayableAndAccruedLiabilities	12912517	usd
CY2023Q4	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	54	usd
CY2024Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	34	usd
CY2024Q1	us-gaap	Derivative Liabilities Noncurrent DerivativeLiabilitiesNoncurrent	20	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
CY2021Q1	itp	Corresponding Price Per Share CorrespondingPricePerShare	5.5
CY2021Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	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
CY2022Q2	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
CY2024Q1	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	itp	Warrent Expire Date WarrentExpireDate	2026-01-20
CY2021Q1	us-gaap	Excess Stock Shares Issued ExcessStockSharesIssued	1410690	shares
CY2021Q1	itp	Common Stock Issued To Purchase Stock CommonStockIssuedToPurchaseStock	1463893	shares
CY2021Q1	us-gaap	Warrant Exercise Price Increase WarrantExercisePriceIncrease	7.5
CY2021Q1	itp	Warrent Expire Date WarrentExpireDate	2026-03-01
CY2021Q1	us-gaap	Excess Stock Shares Issued ExcessStockSharesIssued	6750	shares
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-3746536	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2733165	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10065920	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10065920	shares
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.37
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.27
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-3746536	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-2733165	usd
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10065920	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10065920	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10065920	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10065920	shares
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.37
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.27
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation Tax Settlements State And Local EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal	0.21	pure
CY2024Q1	us-gaap	Current Federal Tax Expense Benefit CurrentFederalTaxExpenseBenefit	36793	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	36793	usd
CY2023Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	62499	usd
CY2022Q4	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	530581	usd
CY2024Q1	itp	Description Of Carry Forwards Expire DescriptionOfCarryForwardsExpire	These carry forwards would expire, if not utilized, during the period of 2030 through 2035.
CY2024Q1	itp	Deferred Tax Assets Valuation Allowance Percentage DeferredTaxAssetsValuationAllowancePercentage	1	pure
CY2023Q4	itp	Deferred Tax Assets Valuation Allowance Percentage DeferredTaxAssetsValuationAllowancePercentage	1	pure
CY2024Q1	us-gaap	Deferred Tax Assets Property Plant And Equipment DeferredTaxAssetsPropertyPlantAndEquipment	17378268	usd
CY2023Q4	us-gaap	Deferred Tax Assets Property Plant And Equipment DeferredTaxAssetsPropertyPlantAndEquipment	16922756	usd
CY2024Q1	itp	Deferred Tax Assets Impairment Of Amortization Property Plant And Equipment Current DeferredTaxAssetsImpairmentOfAmortizationPropertyPlantAndEquipmentCurrent	584365	usd
CY2023Q4	itp	Deferred Tax Assets Impairment Of Amortization Property Plant And Equipment Current DeferredTaxAssetsImpairmentOfAmortizationPropertyPlantAndEquipmentCurrent	585380	usd
CY2024Q1	itp	Deferred Tax Assets Miscellaneous Current DeferredTaxAssetsMiscellaneousCurrent	642735	usd
CY2023Q4	itp	Deferred Tax Assets Miscellaneous Current DeferredTaxAssetsMiscellaneousCurrent	135714	usd
CY2024Q1	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	151335	usd
CY2023Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards Domestic DeferredTaxAssetsOperatingLossCarryforwardsDomestic	274525	usd
CY2024Q1	itp	Deferred Tax Assets Gain Loss On Asset Disposal DeferredTaxAssetsGainLossOnAssetDisposal	63954	usd
CY2023Q4	itp	Deferred Tax Assets Gain Loss On Asset Disposal DeferredTaxAssetsGainLossOnAssetDisposal	64065	usd
CY2024Q1	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	18692749	usd
CY2023Q4	us-gaap	Deferred Tax Assets Gross DeferredTaxAssetsGross	17854310	usd
CY2024Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	18692749	usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	17854310	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	0.01	pure
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation Other Reconciling Items Percent EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent	0	pure
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential	0.25	pure
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential	0.25	pure
CY2024Q1	itp	Effect Of Expenses Not Deductible For Prc Tax Purposes EffectOfExpensesNotDeductibleForPrcTaxPurposes	-0.034	pure
CY2023Q1	itp	Effect Of Expenses Not Deductible For Prc Tax Purposes EffectOfExpensesNotDeductibleForPrcTaxPurposes	-0.167	pure
CY2024Q1	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.226	pure
CY2023Q1	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	-0.083	pure
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	-0.01	pure
CY2024Q1	itp	Income Tax Statute Of Limitations Period IncomeTaxStatuteOfLimitationsPeriod	P5Y
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	150000	shares
CY2022Q3	us-gaap	Employee Stock Ownership Plan Esop Number Of Suspense Shares EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares	150000	shares
CY2022Q3	us-gaap	Equity Fair Value Disclosure EquityFairValueDisclosure	156000	usd
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	1500000	shares
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CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent		usd
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CY2024Q1	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment		usd
CY2023Q1	us-gaap	Inventory Write Down InventoryWriteDown		usd
CY2023Q1	us-gaap	Increase Decrease In Customer Advances IncreaseDecreaseInCustomerAdvances		usd
CY2023Q1	us-gaap	Increase Decrease In Notes Payable Current IncreaseDecreaseInNotesPayableCurrent		usd
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CY2023Q1	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt		usd
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CY2024Q1	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations		usd
CY2023Q1	us-gaap	Restricted Cash Equivalents Current RestrictedCashEquivalentsCurrent		usd
CY2024Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves		usd
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CY2023Q4	itp	Prepaid Land Lease PrepaidLandLease		usd
CY2024Q1	us-gaap	Short Term Lease Cost ShortTermLeaseCost		cny
CY2024Q1	us-gaap	Operating Lease Payments OperatingLeasePayments		cny
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CY2024Q1	us-gaap	Short Term Borrowings ShortTermBorrowings		usd
CY2024Q1	us-gaap	Related Party Transaction Amounts Of Transaction RelatedPartyTransactionAmountsOfTransaction		usd
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CY2024Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding		usd
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CY2024Q1	us-gaap	Current Foreign Tax Expense Benefit CurrentForeignTaxExpenseBenefit		usd
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CY2023	us-gaap	Deferred Foreign Income Tax Expense Benefit DeferredForeignIncomeTaxExpenseBenefit		usd
CY2024Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet		usd
CY2023Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet		usd
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations		pure
CY2024Q1	dei	Amendment Flag AmendmentFlag	false
CY2024Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2024Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001358190

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0001213900-24-041827-index.html	Edgar Link	pending
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report.css	Edgar Link	pending
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$ITP
IT TECH PACKAGING, INC. Stock $itp

2024 Q2 Form 10-Q Financial Statement

#000121390024041827 Filed on May 10, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ITP IT TECH PACKAGING, INC. Stock $itp

2024 Q2 Form 10-Q Financial Statement

#000121390024041827 Filed on May 10, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ITP
IT TECH PACKAGING, INC. Stock $itp