2023 Q4 Form 10-Q Financial Statement

#000121390023086911 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2023 Q1
Revenue $27.52M $33.36M $23.77M
YoY Change -36.04% -11.81% -23.16%
Cost Of Revenue $23.06M $27.99M $21.32M
YoY Change -38.07% -9.46% -18.79%
Gross Profit $4.462M $5.372M $2.453M
YoY Change -23.02% -22.34% -47.65%
Gross Profit Margin 16.21% 16.1% 10.32%
Selling, General & Admin $3.843M $4.241M $4.283M
YoY Change -14.03% -1.57% -2.88%
% of Gross Profit 86.12% 78.94% 174.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $657.5K $615.5K $676.7K
YoY Change 15.56% 11.12% 6.16%
% of Gross Profit 14.74% 11.46% 27.59%
Operating Expenses $4.086M $4.484M $4.283M
YoY Change -8.58% 4.08% -2.88%
Operating Profit $375.8K $888.0K -$1.830M
YoY Change -71.67% -65.97% -765.8%
Interest Expense $235.0K $359.2K -$267.8K
YoY Change -5.59% 119.59%
% of Operating Profit 62.53% 40.45%
Other Income/Expense, Net $380.7K -$166.7K $181.5K
YoY Change -441.55% 57.59% 41154.55%
Pretax Income $270.7K $721.3K -$1.917M
YoY Change -77.72% -71.19% -796.07%
Income Tax $38.54K $352.3K $67.70K
% Of Pretax Income 14.24% 48.85%
Net Earnings $220.7K $365.6K -$1.984M
YoY Change -75.22% -79.59% 1411.18%
Net Earnings / Revenue 0.8% 1.1% -8.35%
Basic Earnings Per Share $0.02 $0.03
Diluted Earnings Per Share $0.02 $0.03 -$0.15
COMMON SHARES
Basic Shares Outstanding 12.29M shares 12.29M shares 12.38M shares
Diluted Shares Outstanding 12.29M shares 12.29M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.62M $21.20M $17.80M
YoY Change -20.34% -7.88% -30.67%
Cash & Equivalents $19.62M $21.20M $17.80M
Short-Term Investments $0.00
Other Short-Term Assets $5.227M $5.580M $4.481M
YoY Change -43.02% 7.97% -0.83%
Inventory $15.94M $18.71M $32.66M
Prepaid Expenses
Receivables $8.473M $5.202M $2.241M
Other Receivables $152.2K $0.00 $104.3K
Total Short-Term Assets $49.41M $50.69M $57.28M
YoY Change -25.17% -26.17% -18.02%
LONG-TERM ASSETS
Property, Plant & Equipment $24.80M $24.68M $22.36M
YoY Change 16.81% 18.58% 104.48%
Goodwill $499.3K $499.3K $499.3K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.545M $2.510M $2.605M
YoY Change 15.08% 19.93% 19.54%
Total Long-Term Assets $28.38M $28.41M $26.44M
YoY Change 13.06% 14.97% 71.23%
TOTAL ASSETS
Total Short-Term Assets $49.41M $50.69M $57.28M
Total Long-Term Assets $28.38M $28.41M $26.44M
Total Assets $77.79M $79.11M $83.72M
YoY Change -14.64% -15.28% -1.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.402M $4.252M $5.783M
YoY Change -59.63% -59.65% 19.47%
Accrued Expenses $2.898M $2.679M $2.931M
YoY Change 1.69% -29.4% -5.95%
Deferred Revenue $928.4K
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.937M $10.21M $14.45M
YoY Change -52.79% -51.69% 2.2%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $613.9K $660.0K $1.039M
YoY Change -45.81% -47.04% -44.49%
Total Long-Term Liabilities $613.9K $660.0K $1.039M
YoY Change -45.81% -47.04% -44.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.937M $10.21M $14.45M
Total Long-Term Liabilities $613.9K $660.0K $1.039M
Total Liabilities $9.551M $10.88M $15.49M
YoY Change -52.4% -51.42% -3.26%
SHAREHOLDERS EQUITY
Retained Earnings $45.41M $45.80M $46.17M
YoY Change
Common Stock $12.53K $12.53K $12.53K
YoY Change 0.0% 0.0% 1.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.169M $1.169M $1.169M
YoY Change 51.45% 113.44%
Treasury Stock Shares
Shareholders Equity $68.15M $68.20M $68.23M
YoY Change
Total Liabilities & Shareholders Equity $77.79M $79.11M $83.72M
YoY Change -14.64% -15.28% -1.87%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2023 Q1
OPERATING ACTIVITIES
Net Income $220.7K $365.6K -$1.984M
YoY Change -75.22% -79.59% 1411.18%
Depreciation, Depletion And Amortization $657.5K $615.5K $676.7K
YoY Change 15.56% 11.12% 6.16%
Cash From Operating Activities -$313.0K $8.160M $948.7K
YoY Change -241.89% -19.29% -116.91%
INVESTING ACTIVITIES
Capital Expenditures $184.3K $580.0K -$7.165M
YoY Change -11.39% -107.7% 1023.02%
Acquisitions
YoY Change
Other Investing Activities -$619.7K -$1.110M -$9.568M
YoY Change -13.15% -342.26% 883.18%
Cash From Investing Activities -$804.0K -$1.690M -$2.403M
YoY Change -12.75% -76.1% 49.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -612.9K -3.700M -5.422M
YoY Change -124.97% 208.76% 776.73%
NET CHANGE
Cash From Operating Activities -313.0K 8.160M 948.7K
Cash From Investing Activities -804.0K -1.690M -2.403M
Cash From Financing Activities -612.9K -3.700M -5.422M
Net Change In Cash -1.730M 2.770M -6.876M
YoY Change -198.66% 50.38% -12.29%
FREE CASH FLOW
Cash From Operating Activities -$313.0K $8.160M $948.7K
Capital Expenditures $184.3K $580.0K -$7.165M
Free Cash Flow -$497.4K $7.580M $8.114M
YoY Change -4041.05% -57.03% -263.17%

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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12294840 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12498431 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12294840 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12416823 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12294840 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12498431 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12294840 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12485512 shares
CY2023Q3 us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
0.05
CY2022Q3 us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
0.05
us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
0.1
us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
0.1
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
69304258 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
294822 usd
us-gaap Treasury Stock Reissued At Lower Than Repurchase Price
TreasuryStockReissuedAtLowerThanRepurchasePrice
-547713 usd
us-gaap Profit Loss
ProfitLoss
3513134 usd
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
1243432 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-333870 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
70987199 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
68234234 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
484250 usd
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
31365 usd
us-gaap Profit Loss
ProfitLoss
864059 usd
us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
1229484 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-154500 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
68229924 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
70586086 usd
CY2022Q3 us-gaap Treasury Stock Reissued At Lower Than Repurchase Price
TreasuryStockReissuedAtLowerThanRepurchasePrice
-547713 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
1791752 usd
CY2022Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
626716 usd
CY2022Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-216210 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
70987199 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
68292115 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
243448 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
368944 usd
CY2023Q3 us-gaap Dividends Share Based Compensation
DividendsShareBasedCompensation
614742 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-59841 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
68229924 usd
us-gaap Profit Loss
ProfitLoss
864059 usd
us-gaap Profit Loss
ProfitLoss
3513134 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1224322 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1184940 usd
us-gaap Share Based Compensation
ShareBasedCompensation
484250 usd
us-gaap Share Based Compensation
ShareBasedCompensation
294822 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-66980 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
416090 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
548849 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2894162 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-7018987 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-87573 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-13942970 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
8171427 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-814878 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-336710 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
1910244 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
986600 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1530458 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-251048 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
679586 usd
jrsh Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
-265431 usd
jrsh Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
-749837 usd
jrsh Increase Decrease In Noncontrolling Interest
IncreaseDecreaseInNoncontrollingInterest
312 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-696006 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
465405 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-336984 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-455604 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
-1704261 usd
us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
262106 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8178880 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9637757 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
635878 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
379600 usd
jrsh Payments For Construction Of Properties
PaymentsForConstructionOfProperties
2575669 usd
jrsh Payments For Construction Of Properties
PaymentsForConstructionOfProperties
2641614 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
5100000 usd
us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
2200000 usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
247610 usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
129650 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3459157 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-10450864 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
1229484 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
1243432 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
31365 usd
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
547713 usd
us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
3118339 usd
us-gaap Repayments Of Other Short Term Debt
RepaymentsOfOtherShortTermDebt
901055 usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
300166 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
3118339 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2007185 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1198119 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-985181 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-123491 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-334064 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3398113 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2132352 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19411603 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26583488 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22809716 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24451136 usd
CY2023Q3 jrsh Cash And Restricted Cash End Of Year
CashAndRestrictedCashEndOfYear
22809716 usd
CY2022Q3 jrsh Cash And Restricted Cash End Of Year
CashAndRestrictedCashEndOfYear
24451136 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1608074 usd
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1437339 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21201642 usd
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23013797 usd
us-gaap Interest Paid Net
InterestPaidNet
748185 usd
us-gaap Interest Paid Net
InterestPaidNet
251437 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
2371705 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
1096934 usd
jrsh Investment Of Noncontrolling Interest
InvestmentOfNoncontrollingInterest
358620 usd
jrsh Investment Of Noncontrolling Interest
InvestmentOfNoncontrollingInterest
232877 usd
jrsh Acquisition Of Kawkab Venus By Utilizing Longterm Deposit
AcquisitionOfKawkabVenusByUtilizingLongtermDeposit
500000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
177068 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
68932 usd
CY2023Q1 jrsh Declared Capital
DeclaredCapital
500000 hkd
CY2023Q1 jrsh Declared Capital
DeclaredCapital
64000 usd
CY2023 jrsh Inventories Held On Hand Unfulfilled Sales Orders Percentage
InventoriesHeldOnHandUnfulfilledSalesOrdersPercentage
0.066 pure
CY2023Q3 us-gaap Minority Interest
MinorityInterest
33281 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the unaudited condensed consolidated financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates.</p>
CY2023Q3 us-gaap Goodwill
Goodwill
499282 usd
CY2023Q1 us-gaap Goodwill
Goodwill
499282 usd
CY2023Q3 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
232387 usd
CY2023Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
928393 usd
us-gaap Recognition Of Deferred Revenue
RecognitionOfDeferredRevenue
232387 usd
CY2023Q3 us-gaap Customer Advances Current
CustomerAdvancesCurrent
232387 usd
CY2023Q1 us-gaap Customer Advances Current
CustomerAdvancesCurrent
928393 usd
us-gaap Proceeds From Deposits From Customers
ProceedsFromDepositsFromCustomers
232387 usd
CY2023Q3 us-gaap Other Expenses
OtherExpenses
656536 usd
CY2022Q3 us-gaap Other Expenses
OtherExpenses
516614 usd
us-gaap Other Expenses
OtherExpenses
1099019 usd
us-gaap Other Expenses
OtherExpenses
925803 usd
jrsh Income Tax Description
IncomeTaxDescription
In accordance with Development Zone law, Jerash Garments and its subsidiaries were subject to corporate income tax in Jordan at a rate of 18% or 20% plus a 1% social contribution starting from January 1, 2022 to December 31, 2022. Effective January 1, 2023, the income tax rate increased to 19% or 20%, plus a 1% social contribution.
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.16 pure
us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.50 pure
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Reclassification</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Certain prior period amounts have been reclassified to conform to the current period presentation. Such reclassifications had no effect on net income or cash flow as previously reported. </p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Concentrations and Credit Risk</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Credit risk</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. As of September 30, 2023 and March 31, 2023, respectively, $7,881,037 and $7,264,247 of the Company’s cash was 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 September 30, 2023 and March 31, 2023, $306,337 and $172,939 of the Company’s cash was on deposit at financial institutions in China, respectively. Cash maintained in banks within China of less than CNY 0.5 million (equivalent to $68,548) per bank are covered by “deposit insurance regulation” promulgated by the State Council of the People’s Republic of China. As of September 30, 2023 and March 31, 2023, $14,334,696 and $11,700,512 of the Company’s cash was on deposit at financial institutions in Hong Kong, respectively, 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 creditworthiness. As of September 30, 2023 and March 31, 2023, $138,851 and $171,496 of the Company’s cash was on deposit in the United States, respectively, and are insured by the Federal Deposit Insurance Corporation up to $250,000.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Advance to suppliers are typically unsecured and derived from deposit placed to suppliers to secure the quantity of raw materials and garments for production. The Company is exposed to credit risk in that the supplier will not deliver the required quantity to the Company. The risk is mitigated by the Company’s assessment of its production requirement and its suppliers’ creditworthiness and its ongoing monitoring of outstanding balances.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 301.5pt 0pt 0"><span style="text-decoration:underline">Customer and vendor concentration risk</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company’s sales are made primarily in the United States. Its operating results could be adversely affected by U.S. government policies on importing business, foreign exchange rate fluctuations, and changes in local market conditions. The Company has a concentration of its revenue and purchases with specific customers and suppliers. For the three months ended September 30, 2023, one customer account for 73% of the Company’s total revenue. For six months ended September 30, 2023, two customers accounted for 69% and 13% of the Company’s total revenue, respectively. For the three and six months ended September 30, 2022, two end-customers accounted for 64% and 11%, and 65% and 16% of the Company’s total revenue, respectively. As of September 30, 2023, five customers accounted of 18%, 17%, 17%, 16%, and 14% of the Company’s total accounts receivable balance, respectively. As of March 31, 2023, four customers accounted for 50%, 13%, 10%, and 10% of the Company’s total accounts receivable balance, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the three months ended September 30, 2023, there was no major supplier. For the six months ended September 30, 2023, the Company purchased approximately 11% of its garments from one major supplier. For the three months ended September 30, 2022, the Company purchased approximately 23%, 20%, and 10% of its raw materials form three major suppliers, respectively. For the six months ended September 30, 2022, the Company purchased approximately 15% and 13%, of its raw material from two major suppliers, respectively. As of September 30, 2023, accounts payable to the Company’s two major suppliers accounted for 18% and 16% of the total accounts payable balance, respectively. As of March 31, 2023, accounts payable to the Company’s one major supplier accounted for 36% of the total accounts payable balance.</p>
jrsh Inventory Based Orders Received Percentage
InventoryBasedOrdersReceivedPercentage
0.922 pure
CY2023 jrsh Inventory Based Orders Received Percentage
InventoryBasedOrdersReceivedPercentage
0.934 pure
jrsh Inventories Held On Hand Unfulfilled Sales Orders Percentage
InventoriesHeldOnHandUnfulfilledSalesOrdersPercentage
0.078 pure
CY2023Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
5356282 usd
CY2023Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
2462120 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
154603 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
221583 usd
CY2023Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
5201679 usd
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
2240537 usd
CY2023Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
7767360 usd
CY2023Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
15240198 usd
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1946332 usd
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
2932519 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
9000171 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
14484116 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
18713863 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
32656833 usd
CY2023Q3 jrsh Advances On Inventory Purchases Gross
AdvancesOnInventoryPurchasesGross
3443334 usd
CY2023Q1 jrsh Advances On Inventory Purchases Gross
AdvancesOnInventoryPurchasesGross
1533091 usd
CY2023Q3 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
3443334 usd
CY2023Q1 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
1533091 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
718418 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
974761 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
345171 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
481502 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
246341 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
287247 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
591512 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
768749 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M12D
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y7M6D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061 pure
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061 pure
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
653933 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
626994 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1304707 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1266713 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
315977 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
285155 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
151180 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
5395 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
757707 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
39289 usd
CY2023Q3 jrsh Lessee Operating Lease Liability Prepayments
LesseeOperatingLeaseLiabilityPrepayments
-126906 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
591512 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
31509710 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29315676 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15352326 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14142469 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24682883 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22355574 usd
jrsh Estimated Construction Cost Description
EstimatedConstructionCostDescription
Through September 30, 2023, the Company had paid approximately JOD 874,000 (approximately $1,233,000). The project is completed and start to use in July 2023.
CY2022Q2 us-gaap Area Of Land
AreaOfLand
4516 sqm
CY2022Q2 us-gaap Area Of Land
AreaOfLand
48608 sqft
CY2022Q2 us-gaap Contributions In Aid Of Construction
ContributionsInAidOfConstruction
8800000 usd
CY2023Q3 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAccumulatedDepreciation
6000000 jod
CY2023Q3 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAccumulatedDepreciation
8500000 usd
CY2022Q3 us-gaap Contributions In Aid Of Construction
ContributionsInAidOfConstruction
39600000 hkd
CY2022Q3 us-gaap Contributions In Aid Of Construction
ContributionsInAidOfConstruction
5100000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
615546 usd
CY2022Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
553941 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1224322 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1184940 usd
CY2023Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2023Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12294840 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12294840 shares
CY2023Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
239478 shares
us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
1169046 usd
jrsh Statutory Reserve Percentage
StatutoryReservePercentage
0.10 pure
jrsh Entitys Share Capital Percentage
EntitysShareCapitalPercentage
1 pure
jrsh Aftertax Net Profits Percentage
AftertaxNetProfitsPercentage
0.10 pure
jrsh Percentage Of Registered Capital Reserves
PercentageOfRegisteredCapitalReserves
0.50 pure
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
614742 usd
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
614742 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2022Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2022Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2022Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
618886 usd
CY2022Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
621809 usd
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
626716 usd
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
616716 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
137210 shares
CY2018Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1484250 shares
CY2023Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1029150 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
986500 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
150000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y3M18D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
200000 shares
CY2022Q2 jrsh Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Option
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOption
200000 usd
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Fair Value Of Shares Subject To Repurchase Obligation
EmployeeStockOwnershipPlanESOPFairValueOfSharesSubjectToRepurchaseObligation
1937695 usd
us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
1331025 usd
jrsh Sharebased Compensation Arrangement By Sharebased Payment Award Rs Us Remained
SharebasedCompensationArrangementBySharebasedPaymentAwardRSUsRemained
405100 shares
CY2023Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
243448 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
484250 usd
us-gaap Restricted Stock Expense
RestrictedStockExpense
294822 usd
CY2022Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
300166 usd
CY2023Q3 us-gaap Payments For Fees
PaymentsForFees
340699 usd
CY2022Q3 us-gaap Payments For Fees
PaymentsForFees
163595 usd
us-gaap Payments For Fees
PaymentsForFees
696946 usd
us-gaap Payments For Fees
PaymentsForFees
251437 usd
CY2023Q2 jrsh Document Received
DocumentReceived
10000000 usd
CY2023Q3 us-gaap Minority Interest
MinorityInterest
33281 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
555100 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1193700 shares
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
365617 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
1791752 usd
us-gaap Net Income Loss
NetIncomeLoss
862143 usd
us-gaap Net Income Loss
NetIncomeLoss
3513134 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12294840 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12498431 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12294840 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12416823 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
68689 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12294840 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12498431 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12294840 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12485512 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.03
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.28
CY2023Q3 jrsh Total Revenue Percentage
TotalRevenuePercentage
0.897 pure
CY2022Q3 jrsh Total Revenue Percentage
TotalRevenuePercentage
0.938 pure
jrsh Total Revenue Percentage
TotalRevenuePercentage
0.92 pure
jrsh Total Revenue Percentage
TotalRevenuePercentage
0.936 pure
CY2023Q3 us-gaap Revenues
Revenues
33357108 usd
CY2022Q3 us-gaap Revenues
Revenues
37825695 usd
us-gaap Revenues
Revenues
68092765 usd
us-gaap Revenues
Revenues
71262256 usd
CY2019Q3 us-gaap Capital Units
CapitalUnits
3000000 hkd
CY2019Q3 us-gaap Capital Units
CapitalUnits
385000 usd
CY2020Q4 us-gaap Capital Units
CapitalUnits
15000000 hkd
CY2020Q4 us-gaap Capital Units
CapitalUnits
1900000 usd
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
15000000 hkd
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
1900000 usd
us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
10000000 hkd
us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
1300000 usd
us-gaap Income Tax Holiday Description
IncomeTaxHolidayDescription
Jerash Garments, Jerash Embroidery, Chinese Garments, Paramount, Jerash The First, MK Garments, and Kawkab Venus are subject to the regulations of the Income Tax Department in Jordan. In accordance with the Investment Encouragement Law, Jerash Garments’ export sales to overseas customers were entitled to a 100% income tax exemption for a period of 10 years commencing on the first day of production. This exemption had been extended for five years until December 31, 2018. Effective January 1, 2019, the Jordanian government reclassified the area where Jerash Garments and its subsidiaries are to a Development Zone. In accordance with the Development Zone law, Jerash Garments and its subsidiaries were subject to income tax at income tax rate of 18% or 20% plus a 1% social contribution from January 1, 2022 to December 31, 2022. Effective from January 1, 2023, the income tax rate raised to 19% or 20% plus 1% social contribution.
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.488 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.429 pure
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023Q3 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
usd
CY2023Q1 us-gaap Minority Interest
MinorityInterest
usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
usd
jrsh Increase Decrease In Noncontrolling Interest
IncreaseDecreaseInNoncontrollingInterest
usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
usd
us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
usd
us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
usd
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
jrsh Acquisition Of Kawkab Venus By Utilizing Longterm Deposit
AcquisitionOfKawkabVenusByUtilizingLongtermDeposit
usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
usd
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
usd
CY2023Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
usd
CY2023Q3 jrsh Allowance For Doubtful Accounts Receivable From Suppliers
AllowanceForDoubtfulAccountsReceivableFromSuppliers
usd
CY2023Q1 jrsh Allowance For Doubtful Accounts Receivable From Suppliers
AllowanceForDoubtfulAccountsReceivableFromSuppliers
usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
usd
CY2023Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2023Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
shares
CY2023Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P1Y
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P2Y
CY2022Q3 us-gaap Restricted Stock Expense
RestrictedStockExpense
usd
CY2023Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
usd
CY2023Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
usd
CY2023Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
usd
CY2023Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
usd
CY2023Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
shares
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
shares
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Entity Central Index Key
EntityCentralIndexKey
0001696558

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