2022 Q4 Form 10-Q Financial Statement
#000121390022071540 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $89.17K | $12.16M | |
YoY Change | -99.32% | 21.39% | |
Cost Of Revenue | $2.744M | ||
YoY Change | 52.62% | ||
Gross Profit | $9.415M | ||
YoY Change | 14.56% | ||
Gross Profit Margin | 77.43% | ||
Selling, General & Admin | $127.5K | $125.4K | $3.667M |
YoY Change | -96.35% | -96.58% | 68.88% |
% of Gross Profit | 38.94% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $2.130K | $2.166K | $837.9K |
YoY Change | -99.75% | -99.74% | 28.96% |
% of Gross Profit | 8.9% | ||
Operating Expenses | $133.0K | $132.5K | $8.336M |
YoY Change | -98.52% | -98.41% | 38.36% |
Operating Profit | -$132.5K | $1.079M | |
YoY Change | -112.28% | -50.81% | |
Interest Expense | -$344.5K | ||
YoY Change | 8.44% | ||
% of Operating Profit | -31.93% | ||
Other Income/Expense, Net | -$1.740K | -$720.00 | |
YoY Change | -100.57% | -87.19% | |
Pretax Income | -$45.56K | -$132.5K | $733.7K |
YoY Change | -102.97% | -118.05% | -60.77% |
Income Tax | $0.00 | $192.2K | |
% Of Pretax Income | 26.2% | ||
Net Earnings | -$45.56K | -$132.5K | $368.5K |
YoY Change | -105.24% | -135.94% | -51.89% |
Net Earnings / Revenue | -51.09% | 3.03% | |
Basic Earnings Per Share | $0.00 | $0.03 | |
Diluted Earnings Per Share | $0.00 | $0.00 | $19.56K |
COMMON SHARES | |||
Basic Shares Outstanding | 58.37M shares | 58.37M shares | 18.63M shares |
Diluted Shares Outstanding | 58.37M shares | 18.84M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $58.62K | $11.08K | $527.6K |
YoY Change | -93.15% | -97.9% | -35.03% |
Cash & Equivalents | $58.62K | $11.08K | $527.6K |
Short-Term Investments | |||
Other Short-Term Assets | $736.4K | $818.2K | $2.395M |
YoY Change | -77.5% | -65.84% | 96.32% |
Inventory | $562.0K | $1.745M | |
Prepaid Expenses | |||
Receivables | $7.418M | ||
Other Receivables | $2.987K | $3.037K | $68.57K |
Total Short-Term Assets | $798.9K | $832.3K | $12.15M |
YoY Change | -94.24% | -93.15% | 88.6% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $38.99K | $39.94K | $55.69M |
YoY Change | -99.93% | -99.93% | 28.37% |
Goodwill | |||
YoY Change | |||
Intangibles | $303.2K | ||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $3.153M | ||
YoY Change | -1.19% | ||
Total Long-Term Assets | $57.13K | $61.49K | $58.84M |
YoY Change | -99.91% | -99.9% | 26.35% |
TOTAL ASSETS | |||
Total Short-Term Assets | $798.9K | $832.3K | $12.15M |
Total Long-Term Assets | $57.13K | $61.49K | $58.84M |
Total Assets | $856.0K | $893.8K | $71.00M |
YoY Change | -98.87% | -98.74% | 33.91% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $24.71K | $8.000K | $10.81M |
YoY Change | -99.8% | -99.93% | 84.91% |
Accrued Expenses | $18.52K | $17.53K | $2.183M |
YoY Change | -99.01% | -99.2% | 259.04% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $280.3K |
YoY Change | -100.0% | -100.0% | -46.96% |
Long-Term Debt Due | $49.71K | $2.287M | |
YoY Change | -97.33% | 39.83% | |
Total Short-Term Liabilities | $43.23K | $27.53K | $17.70M |
YoY Change | -99.75% | -99.84% | 88.41% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $15.35M |
YoY Change | -100.0% | -100.0% | 2.48% |
Other Long-Term Liabilities | $1.430K | $5.520K | $2.693M |
YoY Change | -99.97% | -99.79% | 1851.58% |
Total Long-Term Liabilities | $1.430K | $5.520K | $18.04M |
YoY Change | -99.99% | -99.97% | 19.36% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $43.23K | $27.53K | $17.70M |
Total Long-Term Liabilities | $1.430K | $5.520K | $18.04M |
Total Liabilities | $44.66K | $33.05K | $50.17M |
YoY Change | -99.92% | -99.93% | 38.26% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$23.71M | -$23.66M | |
YoY Change | 1162.76% | ||
Common Stock | $58.37K | $58.37K | |
YoY Change | 213.32% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $811.3K | $860.8K | $20.83M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $856.0K | $893.8K | $71.00M |
YoY Change | -98.87% | -98.74% | 33.91% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$45.56K | -$132.5K | $368.5K |
YoY Change | -105.24% | -135.94% | -51.89% |
Depreciation, Depletion And Amortization | $2.130K | $2.166K | $837.9K |
YoY Change | -99.75% | -99.74% | 28.96% |
Cash From Operating Activities | $67.33K | $867.3K | $3.759M |
YoY Change | -92.12% | -76.93% | -12.91% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$1.730K | -$1.850K | -$2.814M |
YoY Change | -100.15% | -99.93% | -20.43% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $0.00 | -$1.534M |
YoY Change | -100.0% | -100.0% | 40.6% |
Cash From Investing Activities | $1.720K | -$1.850K | -$4.348M |
YoY Change | -99.82% | -99.96% | -6.04% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | -100.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | -900.0K | 745.0K |
YoY Change | -100.0% | -220.82% | -196.03% |
NET CHANGE | |||
Cash From Operating Activities | 67.33K | 867.3K | 3.759M |
Cash From Investing Activities | 1.720K | -1.850K | -4.348M |
Cash From Financing Activities | 0.000 | -900.0K | 745.0K |
Net Change In Cash | 69.05K | -34.59K | 156.2K |
YoY Change | -73.5% | -122.14% | -114.38% |
FREE CASH FLOW | |||
Cash From Operating Activities | $67.33K | $867.3K | $3.759M |
Capital Expenditures | -$1.730K | -$1.850K | -$2.814M |
Free Cash Flow | $69.06K | $869.2K | $6.573M |
YoY Change | -121.92% | -86.78% | -16.3% |
Facts In Submission
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|
-0.0004 | |
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.007 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-0.0021 | ||
CY2021Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.0295 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-0.8228 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
0.1142 | ||
CY2021Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.0291 | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
-0.8228 | ||
us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
0.1129 | ||
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.0023 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.0291 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.8298 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.112 | ||
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.0023 | |
CY2021Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.0287 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.8298 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.1108 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
58366569 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18628569 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40583562 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
18393563 | shares | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
58366569 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18838569 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40583562 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
18603563 | shares | |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
28840425 | usd |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
495922 | usd |
CY2021Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-73749 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
29262598 | usd |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
1023087 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
141428 | usd |
CY2021Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
471855 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
30898968 | usd |
CY2021Q3 | us-gaap |
Profit Loss
ProfitLoss
|
541495 | usd |
CY2021Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
7355 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
31447818 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
33102180 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
2638816 | usd |
CY2022Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
208210 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
35949206 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-34984724 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-127290 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
1056510 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
60000 | usd |
CY2022Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
-970560 | usd |
CY2022Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
6356 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
989498 | usd |
CY2022Q3 | us-gaap |
Profit Loss
ProfitLoss
|
-132460 | usd |
CY2022Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
3741 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
860779 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-33675739 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
2060504 | usd | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-33393670 | usd | |
us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
2100025 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-282069 | usd | |
us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-39521 | usd | |
us-gaap |
Depreciation
Depreciation
|
3671 | usd | |
jrss |
Warrant Expenses
WarrantExpenses
|
-7 | usd | |
jrss |
Warrant Expenses
WarrantExpenses
|
1636 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
163643 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
3037 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-58000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-62000 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
2001 | usd | |
us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
99739 | usd | |
us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
1493 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-172305 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-146 | usd | |
us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
3171627 | usd | |
us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
7378627 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2999322 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
7378481 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
46367 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-46367 | usd | |
us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
-2783041 | usd | |
us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
-6444421 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2829408 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-6444421 | usd | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
69260 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
60000 | usd | |
jrss |
Derivative Financial Instrument
DerivativeFinancialInstrument
|
-7 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
129267 | usd | |
us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
-867508 | usd | |
us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
-1260015 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-738241 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1260015 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-276560 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8770 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-844887 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-317185 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
855971 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
844827 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
11084 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
527642 | usd |
CY2022Q3 | us-gaap |
Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
|
11084 | usd |
CY2021Q3 | us-gaap |
Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
|
30905 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
496737 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
11084 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
527642 | usd |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
13086 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
25194 | usd | |
us-gaap |
Interest Paid Discontinued Operations
InterestPaidDiscontinuedOperations
|
406544 | usd | |
us-gaap |
Interest Paid Discontinued Operations
InterestPaidDiscontinuedOperations
|
1076691 | usd | |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
1056510 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
970560 | usd | |
CY2022Q2 | jrss |
Equity Method Investment Ownership Percent
EquityMethodInvestmentOwnershipPercent
|
0.70 | pure |
CY2022Q2 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
5392000 | shares |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>C. Use of estimates</i></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">The preparation of 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, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ from those estimates. Significant items subject to such estimates and assumptions include valuation allowances for receivables and recoverability of carrying amount and the estimated useful lives of long-lived assets. These estimates are often based on complex judgments and assumptions that management believes to be reasonable but are inherently uncertain and unpredictable. Actual results could differ from these estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> </p> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>E. Concentration of Credit Risk</i></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">Financial instruments that potentially subject the Company to concentrations of credit risk are cash, accounts receivable and other receivables arising from its normal business activities. The Company places its cash in what it believes to be credit-worthy financial institutions. The majority of sales are either cash receipt in advance or cash receipt upon delivery. For the nine months ended September 30, 2022 and 2021, no customer accounted for more than 10% of net revenue. As of September 30, 2022 and December 31, 2021, no customer accounted for more than 5% of net accounts receivable, respectively. For those credit sales, the Company routinely assesses the financial strength of its customers and, based upon factors surrounding the credit risk, establishes an allowance, if required, for uncollectible accounts and, as a consequence, believes that its accounts receivable credit risk exposure beyond such allowance is limited.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
jrss |
Summary Of Changes In Warrant Liability Table Textblock
SummaryOfChangesInWarrantLiabilityTableTextblock
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: justify">Balance at January 1, 2022</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">7</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Change in fair value of warrant liability</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(7</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 4pt">Balance at September 30, 2022 (Unaudited)</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right"><div style="-sec-ix-hidden: hidden-fact-102">-</div></td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> | ||
CY2021Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
7 | usd |
us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
-7 | usd | |
us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | pure | |
CY2022Q2 | jrss |
Negotiated Value
NegotiatedValue
|
1056510 | usd |
CY2022Q2 | us-gaap |
Other Expenses
OtherExpenses
|
981858 | usd |
CY2022Q2 | jrss |
Expense Term Year
ExpenseTermYear
|
P3Y | |
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
81821 | usd |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
163643 | usd | |
us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.25 | pure | |
us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>O. Reclassification</i></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">The comparative figures before April 1, 2022 have been reclassified to conform to current year presentation to reflect the disposal of a component of business derived from the recognition of a spin-off transaction on April 28, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | ||
CY2022Q3 | us-gaap |
Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
|
5392000 | shares |
us-gaap |
Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
|
0.70 | pure | |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
43370 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3433 | usd |
CY2022Q3 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
39937 | usd |
CY2022Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2166 | usd |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
3671 | usd | |
CY2022Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
1528 | usd |
CY2022Q1 | jrss |
Lease Payment Term
LeasePaymentTerm
|
P23M | |
CY2022Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
21555 | usd |
CY2022Q3 | jrss |
Total Lease Assets
TotalLeaseAssets
|
21555 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
16034 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
5521 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
21555 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
3935 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
16231 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
1389 | usd |
CY2022Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
21555 | usd |
CY2022Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
4323 | usd |
CY2021Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
352600 | usd |
CY2021Q3 | us-gaap |
Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
|
352600 | usd |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
10435 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
902327 | usd | |
us-gaap |
Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
|
902327 | usd | |
jrss |
Lease Asset
LeaseAsset
|
30552 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
8997 | usd | |
CY2022Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
21555 | usd |
CY2022Q3 | us-gaap |
Due From Other Related Parties
DueFromOtherRelatedParties
|
2001 | usd |
CY2021Q4 | us-gaap |
Due From Other Related Parties
DueFromOtherRelatedParties
|
1456919 | usd |
CY2022Q1 | jrss |
Owned Percentage
OwnedPercentage
|
1 | pure |
CY2022Q2 | us-gaap |
Shares Issued
SharesIssued
|
39130000 | shares |
CY2022Q2 | jrss |
Acquired Shares
AcquiredShares
|
8000000 | shares |
CY2022Q2 | jrss |
Owned Shares
OwnedShares
|
47130000 | shares |
CY2022Q2 | jrss |
Common Stock Percentage
CommonStockPercentage
|
0.807 | pure |
CY2022Q1 | jrss |
Total Share Issued
TotalShareIssued
|
6000000 | shares |
CY2022Q1 | us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
60000 | usd |
CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.01 | |
CY2022Q2 | jrss |
Transfer Agreement Description
TransferAgreementDescription
|
Runteng entered into an agreement regarding a transfer of Jiarun’s equity with Zhang Junsheng. Pursuant to the transfer agreement, Runteng transferred to Mr. Zhang equity interest in Jiarun, representing 70% of equity interest in Jiarun and Mr. Zhang transferred to Runteng 5,392,000 shares of the Company’s common stock. On May 27, 2022, the Company cancelled the respecrtive 5,392,000 shares of the Company’s common stock. Since this transaction required certain authoritative approval before effective, the publication of these transactions were delay so as to obtain all parties consent and advance authoritative approval. As of May 27, 2022, the issued and outstanding share number of the Company was 58,366,569, the balance of the number of shares held by Mr. Zhang and Mr. Zhong were nil (0%) and 4,7130,000 (80.7%), respectively. | |
CY2022Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
58366569 | shares |
CY2022Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
58366569 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
18628569 | shares |
CY2021Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
18628569 | shares |
CY2021Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
usd | ||
CY2022Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
usd | |
dei |
City Area Code
CityAreaCode
|
+86-760 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
88963658 | ||
CY2021Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
usd | |
CY2021Q4 | us-gaap |
Deferred Costs Current
DeferredCostsCurrent
|
usd | |
CY2022Q3 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
usd | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
usd | |
CY2021Q4 | jrss |
Right Of Use Asset Net Noncurrent
RightOfUseAssetNetNoncurrent
|
usd | |
CY2022Q3 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
usd | |
CY2022Q3 | us-gaap |
Revenues
Revenues
|
usd | |
CY2021Q3 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
usd | |
us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
usd | ||
CY2021Q3 | us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
usd | |
us-gaap |
Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
|
usd | ||
CY2021Q3 | jrss |
Rentals And Leases
RentalsAndLeases
|
usd | |
jrss |
Rentals And Leases
RentalsAndLeases
|
usd | ||
CY2022Q3 | jrss |
Warrant Expense
WarrantExpense
|
usd | |
CY2021Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
usd | ||
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
usd | ||
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
CY2022Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
usd | |
CY2022Q3 | jrss |
Foreign Currency Translation Adjustment From Discontinued Operations
ForeignCurrencyTranslationAdjustmentFromDiscontinuedOperations
|
usd | |
CY2022Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
||
CY2022Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
|
||
CY2022Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
usd | |
us-gaap |
Depreciation
Depreciation
|
usd | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | ||
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
usd | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
usd | ||
us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
usd | ||
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
usd | ||
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | ||
jrss |
Derivative Financial Instrument
DerivativeFinancialInstrument
|
usd | ||
us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
usd | ||
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
|
usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | ||
us-gaap |
Interest Expense
InterestExpense
|
usd | ||
us-gaap |
Interest Expense
InterestExpense
|
usd | ||
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
usd | ||
us-gaap |
Stock Issued1
StockIssued1
|
usd | ||
CY2022Q3 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
usd | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
usd | |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
usd | |
CY2021Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
usd | |
CY2021Q3 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
usd | ||
CY2022Q3 | us-gaap |
Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
|
usd | |
us-gaap |
Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
|
usd | ||
us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
usd | ||
us-gaap |
Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
|
usd | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Address Country
EntityAddressCountry
|
CN | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001597892 |