$ITP
IT TECH PACKAGING, INC.

2024 Q4 Form 10-Q Financial Statement

#000121390024099096 Filed on November 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $25.08M
YoY Change 59.03%
Cost Of Revenue $23.16M
YoY Change 45.5%
Gross Profit $1.917M
YoY Change -1351.37%
Gross Profit Margin 7.64%
Selling, General & Admin $3.382M
YoY Change 44.83%
% of Gross Profit 176.36%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.382M
YoY Change 44.83%
Operating Profit -$1.464M
YoY Change -41.07%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.628M
YoY Change -17.71%
Income Tax $345.7K
% Of Pretax Income
Net Earnings -$1.974M
YoY Change -0.07%
Net Earnings / Revenue -7.87%
Basic Earnings Per Share -$0.20
Diluted Earnings Per Share -$0.20
COMMON SHARES
Basic Shares Outstanding 10.07M shares 10.07M shares
Diluted Shares Outstanding 10.07M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $4.893M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $5.733M
Prepaid Expenses
Receivables $1.727M
Other Receivables
Total Short-Term Assets $32.97M
YoY Change -19.69%
LONG-TERM ASSETS
Property, Plant & Equipment $154.8M
YoY Change 7.02%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $157.0M
YoY Change 6.16%
TOTAL ASSETS
Total Short-Term Assets $32.97M
Total Long-Term Assets $157.0M
Total Assets $190.0M
YoY Change 0.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $604.7K
YoY Change 2.46%
Deferred Revenue
YoY Change
Short-Term Debt $856.2K
YoY Change 7.03%
Long-Term Debt Due $4.365M
YoY Change -7.27%
Total Short-Term Liabilities $20.75M
YoY Change 72.6%
LONG-TERM LIABILITIES
Long-Term Debt $4.567M
YoY Change -30.41%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.567M
YoY Change -30.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.75M
Total Long-Term Liabilities $4.567M
Total Liabilities $25.69M
YoY Change 34.86%
SHAREHOLDERS EQUITY
Retained Earnings $77.83M
YoY Change -11.17%
Common Stock $89.18M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $164.3M
YoY Change
Total Liabilities & Shareholders Equity $190.0M
YoY Change 0.54%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$1.974M
YoY Change -0.07%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities
YoY Change
NET CHANGE
Cash From Operating Activities
Cash From Investing Activities
Cash From Financing Activities
Net Change In Cash
YoY Change
FREE CASH FLOW
Cash From Operating Activities
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q3 itp Effect Of Dilution
EffectOfDilution
CY2023Q3 itp Effect Of Dilution
EffectOfDilution
itp Effect Of Dilution
EffectOfDilution
itp Effect Of Dilution
EffectOfDilution
CY2023Q3 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-34577
dei Entity Registrant Name
EntityRegistrantName
IT TECH PACKAGING, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-4158835
dei Entity Address Address Line1
EntityAddressAddressLine1
Science Park
dei Entity Address Address Line2
EntityAddressAddressLine2
Juli Rd
dei Entity Address Address Line3
EntityAddressAddressLine3
Xushui District
dei Entity Address City Or Town
EntityAddressCityOrTown
Baoding City
dei Entity Address Country
EntityAddressCountry
CN
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
072550
dei City Area Code
CityAreaCode
(86)
dei Local Phone Number
LocalPhoneNumber
312-8698215
dei Security12b Title
Security12bTitle
Common Stock, par value $0.001
dei Trading Symbol
TradingSymbol
ITP
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
10065920 shares
CY2024Q3 us-gaap Cash
Cash
4414848 usd
CY2023Q4 us-gaap Cash
Cash
3918938 usd
CY2024Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
478066 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
472983 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
42533 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
11745 usd
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1727370 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
575526 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
5732539 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
3555235 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
19384595 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
18981290 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
32974897 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
28357901 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
459612 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
528648 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
154755386 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
163974022 usd
CY2024Q3 us-gaap Value Added Tax Receivable Noncurrent
ValueAddedTaxReceivableNoncurrent
1828344 usd
CY2023Q4 us-gaap Value Added Tax Receivable Noncurrent
ValueAddedTaxReceivableNoncurrent
1883078 usd
CY2024Q3 us-gaap Assets
Assets
190018239 usd
CY2023Q4 us-gaap Assets
Assets
194743649 usd
CY2024Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
856238 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
423567 usd
CY2024Q3 us-gaap Loans Payable Current
LoansPayableCurrent
4365385 usd
CY2023Q4 us-gaap Loans Payable Current
LoansPayableCurrent
6874497 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
249976 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
100484 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
4991 usd
CY2024Q3 us-gaap Customer Advances Current
CustomerAdvancesCurrent
37101 usd
CY2023Q4 us-gaap Customer Advances Current
CustomerAdvancesCurrent
136167 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
362996 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
237842 usd
CY2024Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
13800118 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
12912517 usd
CY2024Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
349828 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
20754624 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
21418934 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4566601 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4503932 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
372966 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
483866 usd
CY2024Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
3 usd
CY2023Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
54 usd
CY2024Q3 itp Variable Interest Entity Consolidated Carrying Amount Liabilities1
VariableInterestEntityConsolidatedCarryingAmountLiabilities1
19074627 usd
CY2023Q4 itp Variable Interest Entity Consolidated Carrying Amount Liabilities1
VariableInterestEntityConsolidatedCarryingAmountLiabilities1
20084995 usd
CY2024Q3 us-gaap Liabilities
Liabilities
25694194 usd
CY2023Q4 us-gaap Liabilities
Liabilities
26406786 usd
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares
CY2024Q3 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
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10065920 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10065920 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10065920 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10065920 shares
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
10066 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
10066 usd
CY2024Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
89172771 usd
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
89172771 usd
CY2024Q3 itp Statutory Earnings Reserve
StatutoryEarningsReserve
6080574 usd
CY2023Q4 itp Statutory Earnings Reserve
StatutoryEarningsReserve
6080574 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-8770123 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-10555534 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
77830757 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
83628986 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
164324045 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
168336863 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
190018239 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
194743649 usd
CY2024Q3 us-gaap Revenues
Revenues
25081500 usd
CY2023Q3 us-gaap Revenues
Revenues
15771560 usd
us-gaap Revenues
Revenues
58195129 usd
us-gaap Revenues
Revenues
65582351 usd
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
23164119 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
15924783 usd
us-gaap Cost Of Revenue
CostOfRevenue
52613335 usd
us-gaap Cost Of Revenue
CostOfRevenue
64832715 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
1917381 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
-153223 usd
us-gaap Gross Profit
GrossProfit
5581794 usd
us-gaap Gross Profit
GrossProfit
749636 usd
CY2024Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3381502 usd
CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2334746 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9999833 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6153513 usd
CY2023Q3 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
3456 usd
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-371680 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1464121 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2484513 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-4418039 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-5775557 usd
CY2024Q3 us-gaap Interest Income Other
InterestIncomeOther
7313 usd
CY2023Q3 us-gaap Interest Income Other
InterestIncomeOther
93298 usd
us-gaap Interest Income Other
InterestIncomeOther
12303 usd
us-gaap Interest Income Other
InterestIncomeOther
283203 usd
CY2024Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
171430 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
247818 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
593271 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
767668 usd
CY2024Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
2 usd
CY2023Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
660429 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
51 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
646020 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1628236 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1978604 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4998956 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5614002 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
345710 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3236 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
799273 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
348024 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-1973946 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-1975368 usd
us-gaap Net Income Loss
NetIncomeLoss
-5798229 usd
us-gaap Net Income Loss
NetIncomeLoss
-5962026 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2843180 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1143608 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1785411 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5417331 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
869234 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-831760 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4012818 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-11379357 usd
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.2
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.2
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.2
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.2
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.59
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.59
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10065920 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10065920 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10065920 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10065920 shares
us-gaap Net Income Loss
NetIncomeLoss
-5798229 usd
us-gaap Net Income Loss
NetIncomeLoss
-5962026 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10346181 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
10573288 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
51 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
646020 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-956406 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
30262 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-815317 usd
us-gaap Inventory Write Down
InventoryWriteDown
-2951 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1160996 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2037003 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
122747 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-7968553 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2108280 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2631661 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-4979 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
101328 usd
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
-99219 usd
us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
19140 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-365452 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
120298 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
121000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
141773 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1651302 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
119132 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
345270 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-413777 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2831111 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7494114 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
315152 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9211711 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-315152 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9211711 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
845082 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
852988 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2558963 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
2957788 usd
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
5549150 usd
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
130470 usd
itp Loan To A Related Partynet
LoanToARelatedPartynet
4264938 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2112706 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1997269 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
97740 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-366599 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
500993 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-86927 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
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4892914 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9437941 usd
us-gaap Interest Paid Net
InterestPaidNet
382493 usd
us-gaap Interest Paid Net
InterestPaidNet
1118672 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
454003 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
761801 usd
CY2024Q3 us-gaap Cash
Cash
4414848 usd
CY2023Q3 us-gaap Cash
Cash
9437941 usd
CY2024Q3 us-gaap Restricted Cash Equivalents Current
RestrictedCashEquivalentsCurrent
478066 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4892914 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9437941 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
181323892 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5417331 usd
us-gaap Net Income Loss
NetIncomeLoss
-5962026 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
169944535 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
168336863 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1785411 usd
us-gaap Net Income Loss
NetIncomeLoss
-5798229 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
164324045 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
us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
1 pure
CY2010Q2 us-gaap Capital
Capital
60000000 usd
CY2024Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1
CY2024Q3 itp Percentage Share Of Distributable Profit
PercentageShareOfDistributableProfit
1 pure
CY2024Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
478066 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
472983 usd
CY2024Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
4110074 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
372968 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
303433 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
300207 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1319032 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2885019 usd
CY2024Q3 us-gaap Inventory Gross
InventoryGross
5732539 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
3558194 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
2959 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
5732539 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
3555235 usd
CY2024Q3 itp Prepaid Land Lease
PrepaidLandLease
7135 usd
CY2024Q3 itp Prepayment For Purchase Of Materials
PrepaymentForPurchaseOfMaterials
5737653 usd
CY2023Q4 itp Prepayment For Purchase Of Materials
PrepaymentForPurchaseOfMaterials
5446823 usd
CY2024Q3 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
13494151 usd
CY2023Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
13409459 usd
CY2024Q3 itp Prepaid Gas
PrepaidGas
134291 usd
CY2023Q4 itp Prepaid Gas
PrepaidGas
116372 usd
CY2024Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
11365 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
8636 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
19384595 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
18981290 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
311230960 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
308421734 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
156475574 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
144447712 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
154755386 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
163974022 usd
CY2023Q4 itp Property Plant And Equipment Lease Term
PropertyPlantAndEquipmentLeaseTerm
P50Y
CY2024Q3 itp Property Plant And Equipment Lease Term
PropertyPlantAndEquipmentLeaseTerm
P50Y
CY2024Q3 itp Land Use Right Net Value
LandUseRightNetValue
4875045 usd
CY2023Q4 itp Land Use Right Net Value
LandUseRightNetValue
4910034 usd
CY2024Q3 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
251593 usd
CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3483298 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3423231 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
10346181 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
10573288 usd
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
1 year from November 2023 to November 2024
us-gaap Operating Lease Cost
OperatingLeaseCost
74717 cny
us-gaap Lease Cost
LeaseCost
74717 cny
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
285413 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
142706 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
142706 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
142706 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
713531 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
90589 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
622942 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
249976 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
372966 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M24D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0756 pure
CY2024Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
856238 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
423567 usd
CY2023Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
285413 usd
CY2023Q4 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
0.055 pure
CY2024Q3 itp Working Capital Loan
WorkingCapitalLoan
142706 usd
CY2024Q3 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
0.0345 pure
CY2024Q3 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
142707 usd
CY2024Q3 us-gaap Unsecured Debt
UnsecuredDebt
713531 usd
CY2023Q4 us-gaap Unsecured Debt
UnsecuredDebt
423567 usd
CY2024Q3 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0447 pure
CY2023Q3 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0452 pure
us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0447 pure
us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0466 pure
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
8931986 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
11378429 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
8931986 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
11378429 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
4365385 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
6874497 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4566601 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4503932 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
4365385 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
4281188 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
285413 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
8931986 usd
CY2019Q2 us-gaap Long Term Debt Term
LongTermDebtTerm
P5Y
CY2019Q4 itp Loan Agreement Term
LoanAgreementTerm
P3Y
CY2023Q4 us-gaap Long Term Debt Maturity Date
LongTermDebtMaturityDate
2026-12-05
CY2024Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
171430 usd
CY2023Q3 us-gaap Interest And Debt Expense
InterestAndDebtExpense
247628 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
593271 usd
us-gaap Interest And Debt Expense
InterestAndDebtExpense
760807 usd
CY2018Q1 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
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
263342 usd
CY2024Q3 us-gaap Other Receivables
OtherReceivables
727433 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
727433 usd
CY2024Q3 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
117171 usd
CY2023Q4 us-gaap Accrued Utilities Current
AccruedUtilitiesCurrent
3054 usd
CY2024Q3 itp Value Added Taxes Payable Current
ValueAddedTaxesPayableCurrent
226354 usd
CY2023Q4 itp Value Added Taxes Payable Current
ValueAddedTaxesPayableCurrent
696 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
604748 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
598319 usd
CY2024Q3 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
10988359 usd
CY2023Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
11175858 usd
CY2024Q3 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
15185 usd
CY2023Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
47040 usd
CY2024Q3 us-gaap Interest Payable Current
InterestPayableCurrent
1295773 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
1070708 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
552528 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
16842 usd
CY2024Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
13800118 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
12912517 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
473785 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
54 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
51 usd
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
3 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 us-gaap Stockholders Equity Other Shares
StockholdersEquityOtherShares
2927786 shares
CY2021Q1 itp Common Stock Issued To Purchase Of Warrants
CommonStockIssuedToPurchaseOfWarrants
1463893 shares
CY2021Q1 us-gaap Debt Conversion Converted Instrument Warrants Or Options Issued1
DebtConversionConvertedInstrumentWarrantsOrOptionsIssued1
1463893 shares
CY2021Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
21900000 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
CY2020Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
88000 shares
CY2024Q3 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
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1973946 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1975368 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10065920 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10065920 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.2
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.2
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1973946 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-1975368 usd
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.2
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.2
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5798229 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5962026 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10065920 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10065920 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.59
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5798229 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5962026 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10065920 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.58
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.59
us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal
0.21 pure
CY2024Q3 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
345710 usd
CY2023Q3 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
-3236 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
345710 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3236 usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
36793 usd
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
762480 usd
us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
348024 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
799273 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
348024 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
62499 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
530581 usd
itp Description Of Carry Forwards Expire
DescriptionOfCarryForwardsExpire
These carry forwards would expire, if not utilized, during the period of 2030 through 2035.
CY2024Q3 itp Deferred Tax Assets Valuation Allowance Percentage
DeferredTaxAssetsValuationAllowancePercentage
1 pure
CY2023Q4 itp Deferred Tax Assets Valuation Allowance Percentage
DeferredTaxAssetsValuationAllowancePercentage
1 pure
CY2024Q3 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
18523562 usd
CY2023Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
16922756 usd
CY2024Q3 itp Deferred Tax Assets Impairment Of Amortization Property Plant And Equipment Current
DeferredTaxAssetsImpairmentOfAmortizationPropertyPlantAndEquipmentCurrent
591670 usd
CY2023Q4 itp Deferred Tax Assets Impairment Of Amortization Property Plant And Equipment Current
DeferredTaxAssetsImpairmentOfAmortizationPropertyPlantAndEquipmentCurrent
585380 usd
CY2024Q3 itp Deferred Tax Assets Miscellaneous Current
DeferredTaxAssetsMiscellaneousCurrent
788086 usd
CY2023Q4 itp Deferred Tax Assets Miscellaneous Current
DeferredTaxAssetsMiscellaneousCurrent
135714 usd
CY2024Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
168315 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
274525 usd
CY2024Q3 itp Deferred Tax Assets Gain Loss On Asset Disposal
DeferredTaxAssetsGainLossOnAssetDisposal
64754 usd
CY2023Q4 itp Deferred Tax Assets Gain Loss On Asset Disposal
DeferredTaxAssetsGainLossOnAssetDisposal
64065 usd
CY2024Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
20006879 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
17854310 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
20006879 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
17854310 usd
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.212 pure
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.002 pure
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
CY2024Q3 itp Effect Of Tax And Book Difference
EffectOfTaxAndBookDifference
0.109 pure
CY2023Q3 itp Effect Of Tax And Book Difference
EffectOfTaxAndBookDifference
-0.026 pure
CY2024Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.571 pure
CY2023Q3 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.222 pure
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.212 pure
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.002 pure
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.16 pure
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.062 pure
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
itp Effect Of Tax And Book Difference
EffectOfTaxAndBookDifference
0.021 pure
itp Effect Of Tax And Book Difference
EffectOfTaxAndBookDifference
-0.286 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.431 pure
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.026 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.16 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.062 pure
itp Income Tax Statute Of Limitations Period
IncomeTaxStatuteOfLimitationsPeriod
P5Y
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1500000 shares
itp Lease Expirations Period
LeaseExpirationsPeriod
December 31, 2031
us-gaap Payments For Rent
PaymentsForRent
140847 usd
us-gaap Payments For Rent
PaymentsForRent
1000000 cny
CY2024Q3 itp Commitments For Purchase Or Construction Of Capital Assets
CommitmentsForPurchaseOrConstructionOfCapitalAssets
3524845 usd
CY2023Q4 itp Commitments For Purchase Or Construction Of Capital Assets
CommitmentsForPurchaseOrConstructionOfCapitalAssets
3499936 usd
CY2024Q3 itp Longterm Loan From Financial Institutions
LongtermLoanFromFinancialInstitutions
4423895 usd
CY2023Q4 itp Longterm Loan From Financial Institutions
LongtermLoanFromFinancialInstitutions
31000000 cny
CY2010Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 pure
CY2023Q3 us-gaap Revenues
Revenues
15771560 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
-153223 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3423231 usd
CY2023Q3 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
3456 usd
CY2023Q3 us-gaap Interest Income Other
InterestIncomeOther
93298 usd
CY2023Q3 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
247818 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3236 usd
CY2023Q3 us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-1975368 usd
us-gaap Revenues
Revenues
58195129 usd
us-gaap Gross Profit
GrossProfit
5581794 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
10346181 usd
us-gaap Interest Income Other
InterestIncomeOther
12303 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
593271 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
799273 usd
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-5798229 usd
us-gaap Revenues
Revenues
65582351 usd
us-gaap Gross Profit
GrossProfit
749636 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
10573288 usd
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
-371680 usd
us-gaap Interest Income Other
InterestIncomeOther
283203 usd
us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
767668 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
348024 usd
us-gaap Net Income Loss Allocated To Limited Partners
NetIncomeLossAllocatedToLimitedPartners
-5962026 usd
CY2024Q3 us-gaap Assets
Assets
190018239 usd
CY2023Q4 us-gaap Assets
Assets
194743649 usd
CY2015Q2 itp Deposit Insurance Regulations
DepositInsuranceRegulations
500000 cny
CY2015Q2 itp Deposit Insurance Regulations
DepositInsuranceRegulations
71353 usd
CY2024Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
31937875 cny
CY2024Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
4557735 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q3 us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
usd
us-gaap Gain Loss On Sales Of Assets And Asset Impairment Charges
GainLossOnSalesOfAssetsAndAssetImpairmentCharges
usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
us-gaap Inventory Write Down
InventoryWriteDown
usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
usd
us-gaap Repayments Of Debt And Capital Lease Obligations
RepaymentsOfDebtAndCapitalLeaseObligations
usd
itp Loan To A Related Partynet
LoanToARelatedPartynet
usd
CY2023Q3 us-gaap Restricted Cash Equivalents Current
RestrictedCashEquivalentsCurrent
usd
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
usd
CY2023Q4 itp Prepaid Land Lease
PrepaidLandLease
usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
cny
us-gaap Operating Lease Payments
OperatingLeasePayments
cny
us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
usd
CY2023 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
usd
us-gaap Interest Expense Other
InterestExpenseOther
usd
us-gaap Interest Expense Other
InterestExpenseOther
usd
CY2024Q3 us-gaap Interest Expense Other
InterestExpenseOther
usd
CY2023Q3 us-gaap Interest Expense Other
InterestExpenseOther
usd
us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
usd
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
usd
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
usd
CY2024Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
usd
CY2023Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
usd
CY2024Q3 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
usd
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
usd
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
usd
us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
usd
CY2024Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2024Q3 itp Effect Of Different Tax Jurisdiction
EffectOfDifferentTaxJurisdiction
pure
CY2023Q3 itp Effect Of Different Tax Jurisdiction
EffectOfDifferentTaxJurisdiction
pure
itp Effect Of Different Tax Jurisdiction
EffectOfDifferentTaxJurisdiction
pure
itp Effect Of Different Tax Jurisdiction
EffectOfDifferentTaxJurisdiction
pure
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001358190

Files In Submission

Name View Source Status
0001213900-24-099096-index-headers.html Edgar Link pending
0001213900-24-099096-index.html Edgar Link pending
0001213900-24-099096.txt Edgar Link pending
0001213900-24-099096-xbrl.zip Edgar Link pending
ea0220602-10q_ittech.htm Edgar Link pending
ea022060201ex31-1_ittech.htm Edgar Link pending
ea022060201ex31-2_ittech.htm Edgar Link pending
ea022060201ex32-1_ittech.htm Edgar Link pending
ea0220602-10q_ittech_htm.xml Edgar Link completed
ea022060201ex32-2_ittech.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
image_002.jpg Edgar Link pending
image_003.jpg Edgar Link pending
image_004.jpg Edgar Link pending
image_005.jpg Edgar Link pending
image_006.jpg Edgar Link pending
itp-20240930.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
itp-20240930_def.xml Edgar Link unprocessable
itp-20240930_lab.xml Edgar Link unprocessable
itp-20240930_pre.xml Edgar Link unprocessable
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
itp-20240930_cal.xml Edgar Link unprocessable