2018 Q2 Form 10-Q Financial Statement

#000114420418044056 Filed on August 13, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2 2017 Q1
Revenue $18.36M $21.35M $12.17M
YoY Change -13.99% 15.34% 70.21%
Cost Of Revenue $13.70M $16.50M $7.960M
YoY Change -16.94% 12.08% 55.77%
Gross Profit $4.660M $4.853M $4.210M
YoY Change -3.97% 28.04% 106.37%
Gross Profit Margin 25.38% 22.73% 34.59%
Selling, General & Admin $5.185M $1.418M $1.410M
YoY Change 265.74% 49.22% -21.67%
% of Gross Profit 111.26% 29.21% 33.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $319.3K $287.8K $290.0K
YoY Change 10.95% -17.78% -12.12%
% of Gross Profit 6.85% 5.93% 6.89%
Operating Expenses $5.185M $1.418M $1.420M
YoY Change 265.74% 50.8% -21.11%
Operating Profit -$524.8K $3.435M $2.790M
YoY Change -115.28% 20.53% 1062.5%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $5.580K -$6.316K -$20.00K
YoY Change -188.35% -68.42% -33.33%
Pretax Income -$519.2K $3.429M $2.770M
YoY Change -115.14% 21.15% 1219.05%
Income Tax $366.0K $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings -$885.2K $3.431M $2.790M
YoY Change -125.8% 20.83% 1113.04%
Net Earnings / Revenue -4.82% 16.07% 22.93%
Basic Earnings Per Share -$0.08 $0.37
Diluted Earnings Per Share -$0.08 $0.37 $317.4K
COMMON SHARES
Basic Shares Outstanding 10.82M shares 9.315M shares
Diluted Shares Outstanding 10.82M shares 9.315M shares

Balance Sheet

Concept 2018 Q2 2017 Q2 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $12.93M $1.459M $3.654M
Short-Term Investments
Other Short-Term Assets $17.05M $2.610M $4.950M
YoY Change 553.26%
Inventory $20.01M $15.57M $19.15M
Prepaid Expenses
Receivables $13.24M $18.06M $2.776M
Other Receivables $0.00 $660.0K $3.370M
Total Short-Term Assets $50.29M $36.90M $30.26M
YoY Change 36.3%
LONG-TERM ASSETS
Property, Plant & Equipment $2.984M $3.050M $3.160M
YoY Change -2.17%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.670M $480.0K $480.0K
YoY Change 664.58%
Total Long-Term Assets $6.657M $3.530M $3.639M
YoY Change 88.58%
TOTAL ASSETS
Total Short-Term Assets $50.29M $36.90M $30.26M
Total Long-Term Assets $6.657M $3.530M $3.639M
Total Assets $56.95M $40.43M $33.90M
YoY Change 40.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.134M $12.26M $10.25M
YoY Change -90.75%
Accrued Expenses $1.235M $520.0K $464.5K
YoY Change 137.46%
Deferred Revenue
YoY Change
Short-Term Debt $7.060M $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.35M $13.92M $11.88M
YoY Change -25.64%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.590M
YoY Change
Total Long-Term Liabilities $1.590M $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $10.35M $13.92M $11.88M
Total Long-Term Liabilities $1.590M $0.00 $0.00
Total Liabilities $11.94M $14.23M $11.88M
YoY Change -16.08%
SHAREHOLDERS EQUITY
Retained Earnings $30.06M $20.54M
YoY Change
Common Stock $11.33K $8.788K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $44.70M $26.20M $21.70M
YoY Change
Total Liabilities & Shareholders Equity $56.95M $40.43M $33.90M
YoY Change 40.86%

Cashflow Statement

Concept 2018 Q2 2017 Q2 2017 Q1
OPERATING ACTIVITIES
Net Income -$885.2K $3.431M $2.790M
YoY Change -125.8% 20.83% 1113.04%
Depreciation, Depletion And Amortization $319.3K $287.8K $290.0K
YoY Change 10.95% -17.78% -12.12%
Cash From Operating Activities -$10.11M -$4.245M $1.130M
YoY Change 138.2% -1110.74% -34.3%
INVESTING ACTIVITIES
Capital Expenditures $481.8K $184.9K -$120.0K
YoY Change 160.58% -184.04% -88.68%
Acquisitions
YoY Change
Other Investing Activities $340.0K -$340.0K
YoY Change
Cash From Investing Activities -$481.8K $151.8K -$460.0K
YoY Change -417.3% -169.02% -56.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.930M $1.212M
YoY Change 637.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $14.93M $1.904M 0.000
YoY Change 684.23%
NET CHANGE
Cash From Operating Activities -$10.11M -$4.245M 1.130M
Cash From Investing Activities -$481.8K $151.8K -460.0K
Cash From Financing Activities $14.93M $1.904M 0.000
Net Change In Cash $4.340M -$2.189M 670.0K
YoY Change -298.24% -1194.52% 1.52%
FREE CASH FLOW
Cash From Operating Activities -$10.11M -$4.245M $1.130M
Capital Expenditures $481.8K $184.9K -$120.0K
Free Cash Flow -$10.59M -$4.430M $1.250M
YoY Change 139.14% -792.19% -55.04%

Facts In Submission

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<div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify;"><div style="font-weight:bold;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Concentrations and Credit Risk</div></div></div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; background: none;"><div style="text-decoration: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-align:start; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;">Credit risk</div></div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; background: none;"><div style="text-decoration: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. As of June 30, 2018 and March 31, 2018, $2,788,427 and $4,192,448 of the Company&#8217;s cash were on deposit at financial institutions in Jordan, where there currently is no rule or regulation requiring such financial institutions to maintain insurance to cover bank deposits in the event of bank failure. As of June 30, 2018 and March 31, 2018, $10,108,271 and $4,402,910 of the Company&#8217;s cash were on deposit at financial institutions in Hong Kong, which are insured by the Hong Kong Deposit Protection Board subject to certain limitations. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness. As of June 30, 2018 and March 31, 2018, $32,677 and $2,472 of the Company&#8217;s cash was on deposit in the United States and are insured by the Federal Deposit Insurance Corporation (&#8220;FDIC&#8221;) up to $250,000.</div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; background: none;"><div style="text-decoration: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Accounts receivable are typically unsecured and derived from revenue earned from customers, and therefore are exposed to credit risk. The risk is mitigated by the Company's assessment of its customers' creditworthiness and its ongoing monitoring of outstanding balances.</div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-align:start; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="text-decoration:underline;display:inline;">Customer and vendor concentration risk</div></div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">Prior to August 2016, substantially all of the Company&#8217;s sales were made to end-customers,&#160;which&#160;are located primarily in the United States (see Note 12)&#160;through its affiliate (see Note 9)</div><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">. Thereafter, the Company began selling directly to its customers. The Company&#8217;s operating results could be adversely affected by&#160;U.S. government policy on exporting business, foreign exchange rate fluctuations, and change of local market conditions. The Company has a concentration of its revenues and purchases with specific customers and suppliers. For the three months ended June 30, 2018, two end-customers accounted for 91% and 8%, respectively of total revenue. For the three months ended June 30, 2017, two end-customers accounted for 82% and 11%, respectively of total revenue. As of June 30, 2018, two customers accounted for 91% and 8% of the total accounts receivable balance, respectively. As of March 31, 2018, two customers accounted for 57% and 22% of the total accounts receivable balance, respectively.</div></div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; background: none;"><div style="text-decoration: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">&#160;</div></div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">For the three months ended June 30, 2018, the Company purchased approximately 30% and 13% of its raw materials from two major suppliers. For the three months ended June 30, 2017, the Company purchased&#160;</div>approximately&#160;<div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">92%&#160;</div>of its raw materials from one supplier.&#160;As of June 30, 2018, accounts payable to the&#160;two&#160;major suppliers accounted for 23% and 14% of the total accounts payable balance. As of March 31, 2018, there was a net prepaid balance to the major supplier.</div><div style="color: rgb(0, 0, 0); font: 10pt &quot;times new roman&quot;, times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0px; text-align: justify; background: none;"><div style="text-decoration: none; font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">&#160;</div></div><div style="color:#000000; font:10pt 'times new roman', times, serif; letter-spacing:normal; orphans:2; text-indent:0px; text-transform:none; white-space:normal; widows:2; word-spacing:0px; -webkit-text-stroke-width:0px; text-decoration-style:initial; text-decoration-color:initial; margin:0px; text-align:justify"><div style="font-family: &quot;times new roman&quot;, times, serif; font-size: 10pt; background: none; color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;;display:inline;">A loss of any&#160;of these customers or suppliers could adversely affect the operating results or cash flows of the Company.</div></div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q2 us-gaap Common Stock Shares Outstanding
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8787500 shares
CY2018Q2 us-gaap Assets
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56950438 USD
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43268281 USD
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CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3205980 USD
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CY2017Q2 us-gaap Increase Decrease In Other Accounts Payable
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CY2018Q2 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
366000 USD
CY2017Q2 us-gaap Increase Decrease In Accrued Taxes Payable
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0 USD
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CY2018Q2 jrsh Retained Earnings Appropriation Description
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Appropriations to the statutory reserve are required to be 10% of net income until the reserve is equal to 100% of the entity&#8217;s share capital.
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CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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22316 USD
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CY2017Q2 us-gaap Net Cash Provided By Used In Operating Activities
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175000 USD
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CY2018Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2017Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2018Q1 us-gaap Retained Earnings Appropriated
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71699 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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145 USD
CY2017Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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-3087 USD
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CY2018Q2 us-gaap Payments To Acquire Property Plant And Equipment
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CY2017Q2 us-gaap Payments To Acquire Property Plant And Equipment
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CY2018Q2 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
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0 USD
CY2017Q2 us-gaap Proceeds From Payments For Long Term Loans For Related Parties
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CY2018Q2 us-gaap Liabilities Current
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CY2018Q1 us-gaap Liabilities Current
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CY2017Q2 us-gaap Comprehensive Income Net Of Tax
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CY2018Q2 us-gaap Stock Issued During Period Shares New Issues
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CY2018Q2 us-gaap Accrued Income Taxes Noncurrent
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1591000 USD
CY2018Q1 us-gaap Accrued Income Taxes Noncurrent
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CY2017Q2 us-gaap Net Cash Provided By Used In Investing Activities
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151848 USD
CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.14 pure
CY2017Q2 us-gaap Effective Income Tax Rate Continuing Operations
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0.14 pure
CY2018Q2 us-gaap Liabilities
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11941733 USD
CY2018Q1 us-gaap Liabilities
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9211421 USD
CY2018Q2 us-gaap Earnings Per Share Basic
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CY2017Q2 us-gaap Earnings Per Share Basic
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CY2018Q2 us-gaap Commitments And Contingencies
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USD
CY2018Q1 us-gaap Commitments And Contingencies
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CY2018Q1 us-gaap Additional Paid In Capital
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CY2018Q2 us-gaap Proceeds From Issuance Of Warrants
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30 USD
CY2018Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2017Q2 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0 pure
CY2017Q2 us-gaap Proceeds From Short Term Debt
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CY2018Q2 jrsh Due From Shareholders Classified As Financing Activities
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0 USD
CY2017Q2 jrsh Due From Shareholders Classified As Financing Activities
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CY2018Q2 us-gaap Income Tax Holiday Income Tax Benefits Per Share
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CY2017Q2 us-gaap Income Tax Holiday Income Tax Benefits Per Share
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0.05
CY2018Q2 us-gaap Preferred Stock Value
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0 USD
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CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2018Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0 pure
CY2018Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2017Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
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CY2018Q2 us-gaap Income Tax Holiday Description
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In accordance with the Investment Encouragement Law, Jerash Garments' export sales to overseas customers are entitled to a 100% income tax exemption for a period of 10 years commencing at the first day of production. This exemption has been extended for 5 years until December 31, 2018.
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425539 USD
CY2017Q2 us-gaap Income Tax Holiday Aggregate Dollar Amount
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504675 USD
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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10822143 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018Q2 us-gaap Proceeds From Short Term Debt
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CY2018Q1 us-gaap Preferred Stock Value
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CY2018Q2 us-gaap Common Stock Value
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CY2018Q1 us-gaap Common Stock Value
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CY2018Q2 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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CY2017Q2 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
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CY2018Q2 us-gaap Proceeds From Issuance Of Common Stock
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CY2017Q2 us-gaap Proceeds From Issuance Of Common Stock
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CY2018Q2 us-gaap Stockholders Equity
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CY2018Q2 us-gaap Liabilities And Stockholders Equity
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56950438 USD
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43268281 USD
CY2018Q2 jrsh Warrants Issued To Placement Agent With Private Placement
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CY2017Q2 jrsh Warrants Issued To Placement Agent With Private Placement
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107900 USD
CY2017Q2 jrsh Prepaid Stock Issuance Cost Netted With Proceeds From Private Placement
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239105 USD
CY2018Q2 jrsh Prepaid Stock Issuance Cost Netted With Proceeds From Private Placement
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308179 USD
CY2018Q2 us-gaap Earnings Per Share Diluted
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CY2017Q2 us-gaap Earnings Per Share Diluted
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CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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9315467 shares
CY2018Q2 us-gaap Deferred Income Tax Liabilities
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CY2018Q2 us-gaap Share Based Compensation
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CY2017Q2 us-gaap Share Based Compensation
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CY2018Q2 us-gaap Deferred Tax Liabilities Current
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175000 USD
CY2018Q2 jrsh Increase In Income Tax Expense
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CY2017Q2 us-gaap Net Cash Provided By Used In Financing Activities
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1904207 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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3429 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2018Q2 us-gaap Revenues
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CY2018Q2 jrsh Income Tax Payable Term
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P8Y
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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0 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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989500 shares
CY2018Q2 us-gaap Stock Issued During Period Shares Stock Options Exercised
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0 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
989500 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2018Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
7.00
CY2018Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
CY2018Q2 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.00
CY2017Q2 us-gaap Capital Units
CapitalUnits
107990 USD
CY2017Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
116578 USD
CY2016Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
0 USD
CY2018Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1484250 shares
CY2018Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.3155 pure
CY2018Q2 jrsh Percentage Of Flate Fee
PercentageOfFlateFee
0.0035 pure
CY2018Q2 jrsh Fair Value Of Options
FairValueOfOptions
3.24
CY2018Q2 us-gaap Line Of Credit Facility Expiration Period
LineOfCreditFacilityExpirationPeriod
P120D

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