2024 Q2 Form 10-K Financial Statement

#000121390024057324 Filed on June 28, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $40.94M $21.57M $117.2M
YoY Change 17.85% -9.25% -15.12%
Cost Of Revenue $36.30M $20.07M $100.3M
YoY Change 24.44% -5.85% -13.75%
Gross Profit $4.640M $1.501M $16.90M
YoY Change -16.66% -38.83% -22.43%
Gross Profit Margin 11.33% 6.95% 14.42%
Selling, General & Admin $5.000M $4.521M $16.58M
YoY Change 18.06% 5.55% -2.24%
% of Gross Profit 107.76% 301.3% 98.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $612.8K $657.9K $2.540M
YoY Change 0.65% -2.79% 4.49%
% of Gross Profit 13.21% 43.84% 15.03%
Operating Expenses $5.469M $4.521M $17.57M
YoY Change 22.19% 5.55% 1.11%
Operating Profit -$828.8K -$3.021M -$665.0K
YoY Change -175.91% 65.03% -115.06%
Interest Expense -$480.2K -$220.4K -$1.204M
YoY Change -223.46% -17.68% -256.69%
% of Operating Profit
Other Income/Expense, Net $600.4K $86.49K $1.748M
YoY Change -301.0% -52.35% -627.99%
Pretax Income -$1.255M -$3.155M -$1.369M
YoY Change -258.24% 64.59% -133.53%
Income Tax $111.7K -$16.36K $672.5K
% Of Pretax Income
Net Earnings -$1.345M -$3.089M -$2.006M
YoY Change -371.7% 55.66% -182.9%
Net Earnings / Revenue -3.29% -14.32% -1.71%
Basic Earnings Per Share -$0.11 -$0.16
Diluted Earnings Per Share -$0.11 -$0.25 -$0.16
COMMON SHARES
Basic Shares Outstanding 12.29M shares 12.29M shares 12.29M shares
Diluted Shares Outstanding 12.29M shares 12.29M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.37M $12.43M $12.43M
YoY Change -38.43% -30.18% -30.18%
Cash & Equivalents $11.37M $12.43M
Short-Term Investments
Other Short-Term Assets $6.148M $5.832M $5.832M
YoY Change 0.81% 30.16% 30.16%
Inventory $20.73M $27.24M $27.24M
Prepaid Expenses
Receivables $9.401M $5.418M $5.418M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $47.64M $50.92M $50.92M
YoY Change -13.06% -11.11% -11.11%
LONG-TERM ASSETS
Property, Plant & Equipment $24.57M $25.00M $26.26M
YoY Change 5.67% 11.82% 12.55%
Goodwill $499.3K $499.3K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.767M $2.569M $2.569M
YoY Change -3.63% -1.4% -1.4%
Total Long-Term Assets $29.02M $29.33M $29.33M
YoY Change 5.26% 10.94% 10.94%
TOTAL ASSETS
Total Short-Term Assets $47.64M $50.92M $50.92M
Total Long-Term Assets $29.02M $29.33M $29.33M
Total Assets $76.66M $80.25M $80.25M
YoY Change -6.93% -4.15% -4.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.300M $6.340M $6.340M
YoY Change -7.59% 9.64% 9.64%
Accrued Expenses $3.426M $4.176M $4.547M
YoY Change 40.13% 42.49% 33.25%
Deferred Revenue $246.0K $10.20K
YoY Change -98.9%
Short-Term Debt $2.131M $0.00 $0.00
YoY Change -31.65%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.14M $14.78M $14.78M
YoY Change -1.48% 2.3% 2.3%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $592.1K $1.036M $1.036M
YoY Change -19.68% -0.28% -0.28%
Total Long-Term Liabilities $592.1K $1.036M $1.036M
YoY Change -19.68% -0.28% -0.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.14M $14.78M $14.78M
Total Long-Term Liabilities $592.1K $1.036M $1.036M
Total Liabilities $13.73M $15.81M $15.86M
YoY Change -2.43% 2.13% 2.42%
SHAREHOLDERS EQUITY
Retained Earnings $39.74M $41.70M
YoY Change -9.68%
Common Stock $12.53K $12.53K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.169M $1.169M
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity $62.90M $64.39M $64.39M
YoY Change
Total Liabilities & Shareholders Equity $76.66M $80.25M $80.25M
YoY Change -6.93% -4.15% -4.15%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$1.345M -$3.089M -$2.006M
YoY Change -371.7% 55.66% -182.9%
Depreciation, Depletion And Amortization $612.8K $657.9K $2.540M
YoY Change 0.65% -2.79% 4.49%
Cash From Operating Activities -$2.201M -$5.382M $2.485M
YoY Change -8984.82% -667.32% -77.01%
INVESTING ACTIVITIES
Capital Expenditures $130.3K $416.9K $1.241M
YoY Change 112.66% -105.82% 71.73%
Acquisitions
YoY Change
Other Investing Activities -$256.7K -$462.1K -$3.902M
YoY Change -85.0% -95.17% -70.11%
Cash From Investing Activities -$387.0K -$879.0K -$5.143M
YoY Change -78.17% -63.42% -62.67%
FINANCING ACTIVITIES
Cash Dividend Paid $614.7K $2.459M
YoY Change 0.0% -1.01%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.516M -614.7K -$2.428M
YoY Change -39.42% -88.66% -38.59%
NET CHANGE
Cash From Operating Activities -$2.201M -5.382M $2.485M
Cash From Investing Activities -$387.0K -879.0K -$5.143M
Cash From Financing Activities $1.516M -614.7K -$2.428M
Net Change In Cash -$1.063M -6.876M -$5.375M
YoY Change -261.15% -0.01% -25.06%
FREE CASH FLOW
Cash From Operating Activities -$2.201M -$5.382M $2.485M
Capital Expenditures $130.3K $416.9K $1.241M
Free Cash Flow -$2.331M -$5.799M $1.243M
YoY Change 6289.35% -171.48% -87.67%

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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2430692 usd
CY2024 us-gaap Share Based Compensation
ShareBasedCompensation
986048 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
413900 usd
CY2024 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-187762 usd
CY2024 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
759764 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
989220 usd
CY2024 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2989214 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-8808532 usd
CY2024 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
-87573 usd
CY2023 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
87573 usd
CY2024 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5415260 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4401654 usd
CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-187140 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-285782 usd
CY2024 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
1553046 usd
CY2023 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
248490 usd
CY2024 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
4456 usd
CY2023 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-198717 usd
CY2024 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
557667 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
942345 usd
CY2024 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1245310 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-185421 usd
CY2023Q1 us-gaap Subsidiary Or Equity Method Investee Cumulative Proceeds Received On All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativeProceedsReceivedOnAllTransactions
64000 usd
CY2023Q4 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
29900000 usd
CY2024 jrsh Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
757627 usd
CY2023 jrsh Increase Decrease In Other Payables
IncreaseDecreaseInOtherPayables
-801574 usd
CY2024 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-918193 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
928393 usd
CY2024 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-824043 usd
CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-977584 usd
CY2024 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1532944 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
92226 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2484541 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10807134 usd
CY2024 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1241226 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
722770 usd
CY2024 jrsh Payments For Construction Of Properties
PaymentsForConstructionOfProperties
3600948 usd
CY2023 jrsh Payments For Construction Of Properties
PaymentsForConstructionOfProperties
5084044 usd
CY2023 jrsh Paymentfor Acquisition Of Ever Winland
PaymentforAcquisitionOfEverWinland
5100000 usd
CY2023 jrsh Paymentfor Acquisition Of Kawkab Venus
PaymentforAcquisitionOfKawkabVenus
2200000 usd
CY2024 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
300762 usd
CY2023 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
668337 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5142936 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-13775151 usd
CY2024 us-gaap Payments Of Dividends
PaymentsOfDividends
2458968 usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
2484127 usd
CY2024 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
31365 usd
CY2023 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
1169046 usd
CY2024 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
7545829 usd
CY2023 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
7197995 usd
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
300166 usd
CY2024 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
7545829 usd
CY2023 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
7197995 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2427603 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3953339 usd
CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-288738 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-250529 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-5374736 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-7171885 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
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14036867 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19411603 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14036867 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19411603 usd
CY2024Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1608498 usd
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1609989 usd
CY2024Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
12428369 usd
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17801614 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
1203596 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
768131 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2253410 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1747635 usd
CY2024 jrsh Equipment Obtained By Utilizing Longterm Deposit
EquipmentObtainedByUtilizingLongtermDeposit
354917 usd
CY2023 jrsh Equipment Obtained By Utilizing Longterm Deposit
EquipmentObtainedByUtilizingLongtermDeposit
237412 usd
CY2023 jrsh Acquisition Of Kawkab Venus By Utilizing Longterm Deposit
AcquisitionOfKawkabVenusByUtilizingLongtermDeposit
500000 usd
CY2024 jrsh Operating Lease Right Of Use Assets Obtained In Exchange For Operating Lease Obligations
OperatingLeaseRightOfUseAssetsObtainedInExchangeForOperatingLeaseObligations
1058820 usd
CY2023 jrsh Operating Lease Right Of Use Assets Obtained In Exchange For Operating Lease Obligations
OperatingLeaseRightOfUseAssetsObtainedInExchangeForOperatingLeaseObligations
190654 usd
CY2023Q1 us-gaap Subsidiary Or Equity Method Investee Cumulative Proceeds Received On All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativeProceedsReceivedOnAllTransactions
500000 hkd
CY2023Q4 us-gaap Subsidiary Or Equity Method Investee Cumulative Proceeds Received On All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativeProceedsReceivedOnAllTransactions
100000 usd
CY2024Q1 us-gaap Minority Interest
MinorityInterest
44341 usd
CY2024 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 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>
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
3097031 usd
CY2024Q1 us-gaap Goodwill
Goodwill
499282 usd
CY2023Q1 us-gaap Goodwill
Goodwill
499282 usd
CY2024Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
10200 usd
CY2023Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
928393 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
10200 usd
CY2024 us-gaap Other Expenses
OtherExpenses
1748317 usd
CY2023 us-gaap Other Expenses
OtherExpenses
1856218 usd
CY2022 jrsh Social Contribution Percentage
SocialContributionPercentage
0.01 pure
CY2023Q1 jrsh Social Contribution Percentage
SocialContributionPercentage
0.01 pure
CY2024Q1 jrsh Social Contribution Percentage
SocialContributionPercentage
0.01 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.50 pure
CY2023Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
2932519 usd
CY2024Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
9479719 usd
CY2024 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 March 31, 2024 and 2023, respectively, $6,547,090 and $7,264,247 of the Company’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 March 31, 2024 and 2023, respectively, $518,485 and $172,939 of the Company’s cash was on deposit at financial institutions in China. Cash maintained in banks within China of less than CNY0.5 million (equivalent to $69,262) per bank is covered by “deposit insurance regulation” promulgated by the State Council of the People’s Republic of China. As of March 31, 2024 and 2023, respectively, $6,682,404 and $11,700,512 of the Company’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 creditworthiness. As of March 31, 2024 and 2023, respectively, $267,954 and $171,496 of the Company’s cash were on deposit in the United States 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"><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 fiscal year ended March 31, 2024 and 2023, two customers accounted for 67% and 12%, and 60% and 17% of the Company’s total revenue, respectively. As of March 31, 2024, four end-customers accounted for 23%, 23%, 10%, and 10%, respectively, of the Company’s total accounts receivable balance. As of March 31, 2023, four end-customers accounted for 50%, 13%, 10%, and 10%, respectively, of the Company’s total accounts receivable balance.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the fiscal years ended March 31, 2024 and 2023, the Company purchased approximately 10% and 11%, respectively, of its total purchase from one major garment supplier. As of March 31, 2024, accounts payable to the Company’s two major suppliers accounted for 22% and 13% 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, respectively.</p>
CY2024Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
14664823 usd
CY2023Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
15240198 usd
CY2024 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>
CY2024 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2024Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
5451334 usd
CY2023Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
2462120 usd
CY2024Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
33821 usd
CY2023Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
221583 usd
CY2024Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
5417513 usd
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
2240537 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
14484116 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
27241573 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
32656833 usd
CY2024 jrsh Inventory Based Orders Received Percentage
InventoryBasedOrdersReceivedPercentage
0.999 pure
CY2023 jrsh Inventory Based Orders Received Percentage
InventoryBasedOrdersReceivedPercentage
0.934 pure
CY2024 jrsh Inventories Held On Hand Unfulfilled Sales Orders Percentage
InventoriesHeldOnHandUnfulfilledSalesOrdersPercentage
0.001 pure
CY2023 jrsh Inventories Held On Hand Unfulfilled Sales Orders Percentage
InventoriesHeldOnHandUnfulfilledSalesOrdersPercentage
0.066 pure
CY2024Q1 jrsh Advances On Inventory Purchases Gross
AdvancesOnInventoryPurchasesGross
3086137 usd
CY2023Q1 jrsh Advances On Inventory Purchases Gross
AdvancesOnInventoryPurchasesGross
1533091 usd
CY2024Q1 us-gaap Supplies
Supplies
3086137 usd
CY2023Q1 us-gaap Supplies
Supplies
1533091 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1259395 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
370802 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
618302 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
989104 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061 pure
CY2024 us-gaap Operating Lease Expense
OperatingLeaseExpense
2561861 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
2696593 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
599970 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
475019 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
275443 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
9281 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1359713 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
100318 usd
CY2024Q1 jrsh Lessee Operating Lease Liability Prepayments
LesseeOperatingLeaseLiabilityPrepayments
270291 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
989104 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
32071337 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
29315676 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16624019 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
14142469 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24998096 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22355574 usd
CY2023Q4 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
874000 jod
CY2023Q4 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
1233000 usd
CY2022Q2 us-gaap Area Of Land
AreaOfLand
4516 sqm
CY2022Q2 us-gaap Area Of Land
AreaOfLand
48608 sqft
CY2024Q1 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAccumulatedDepreciation
6600000 jod
CY2024Q1 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAccumulatedDepreciation
9300000 usd
CY2024Q1 us-gaap Property Plant And Equipment Salvage Value
PropertyPlantAndEquipmentSalvageValue
195000 jod
CY2024Q1 us-gaap Property Plant And Equipment Salvage Value
PropertyPlantAndEquipmentSalvageValue
274000 usd
CY2022Q3 us-gaap Contributions In Aid Of Construction
ContributionsInAidOfConstruction
39600000 hkd
CY2022Q3 us-gaap Contributions In Aid Of Construction
ContributionsInAidOfConstruction
5100000 usd
CY2024 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2539736 usd
CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2430692 usd
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2024Q1 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
CY2024Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12294840 shares
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12294840 shares
CY2024Q1 srt Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
239478 shares
CY2024 us-gaap Sale Of Stock Consideration Received Per Transaction
SaleOfStockConsiderationReceivedPerTransaction
1169046 usd
CY2024 jrsh Statutory Reserve Percentage
StatutoryReservePercentage
0.10 pure
CY2024 jrsh Entitys Share Capital Percentage
EntitysShareCapitalPercentage
1 pure
CY2024 jrsh Aftertax Net Profits Percentage
AftertaxNetProfitsPercentage
0.10 pure
CY2024 jrsh Percentage Of Registered Capital Reserves
PercentageOfRegisteredCapitalReserves
0.50 pure
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
614742 usd
CY2023Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
614742 usd
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
614742 usd
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
614742 usd
CY2024Q1 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
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
137210 shares
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Expirations
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExpirations
57200 shares
CY2018Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1484250 shares
CY2024Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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