2023 Q4 Form 20-F Financial Statement

#000121390024044727 Filed on May 17, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $5.005M $5.931M $6.216M
YoY Change -19.47% -4.58% -34.83%
Cost Of Revenue $3.656M $4.592M $6.458M
YoY Change -43.39% -28.89% 31.54%
Gross Profit $1.349M $1.339M -$242.4K
YoY Change -656.46% -652.1% -105.24%
Gross Profit Margin 26.95% 22.57% -3.9%
Selling, General & Admin $4.504M $5.656M $6.699M
YoY Change -67.75% -15.58% 102.39%
% of Gross Profit 333.87% 422.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization -$34.23K $75.77K $206.0K
YoY Change -120.67% -63.22% 272.94%
% of Gross Profit -2.54% 5.66%
Operating Expenses $4.504M $5.656M $6.699M
YoY Change -73.36% -15.58% 102.39%
Operating Profit -$3.155M -$9.500M -$17.15M
YoY Change -81.6% -44.61% -1402.16%
Interest Expense -$71.62K $312.5K $1.337M
YoY Change -94.62% -76.63% 23236.09%
% of Operating Profit
Other Income/Expense, Net $27.18K -$288.0K $319.1K
YoY Change -98.35% -190.26% 15934.22%
Pretax Income -$3.239M -$9.788M -$16.83M
YoY Change -80.76% -41.85% -1370.49%
Income Tax $66.23K $66.25K -$70.00
% Of Pretax Income
Net Earnings -$2.851M -$9.389M -$16.83M
YoY Change -83.03% -44.22% -2168.46%
Net Earnings / Revenue -56.95% -158.3% -270.8%
Basic Earnings Per Share -$2.31 -$0.76
Diluted Earnings Per Share -$0.45 -$2.31 -$0.76
COMMON SHARES
Basic Shares Outstanding 4.066M shares 4.066M shares 22.09M shares
Diluted Shares Outstanding 4.066M shares 22.09M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.215M $1.215M $3.164M
YoY Change -61.61% -61.61% -63.01%
Cash & Equivalents $1.171M $1.171M $2.329M
Short-Term Investments $43.73K $43.73K $834.3K
Other Short-Term Assets $1.275M $759.4K $434.0K
YoY Change 193.77% 74.97% -72.78%
Inventory $955.5K $955.5K $628.2K
Prepaid Expenses
Receivables $9.177K $167.4K $254.3K
Other Receivables $7.375M $7.375M $7.768M
Total Short-Term Assets $10.47M $10.47M $12.25M
YoY Change -14.5% -14.5% -44.88%
LONG-TERM ASSETS
Property, Plant & Equipment $339.6K $879.8K $1.367M
YoY Change -47.05% -35.66% 12.13%
Goodwill
YoY Change
Intangibles $11.83K
YoY Change -4.56%
Long-Term Investments
YoY Change
Other Assets $26.73K $26.73K $66.78K
YoY Change -59.98% -59.97% -88.05%
Total Long-Term Assets $918.3K $918.3K $3.078M
YoY Change -70.16% -70.16% -48.12%
TOTAL ASSETS
Total Short-Term Assets $10.47M $10.47M $12.25M
Total Long-Term Assets $918.3K $918.3K $3.078M
Total Assets $11.39M $11.39M $15.33M
YoY Change -25.68% -25.68% -45.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.300K $7.300K $6.990K
YoY Change 4.43% -88.36%
Accrued Expenses $2.173M $2.173M $663.0K
YoY Change 227.71% 227.71% -12.59%
Deferred Revenue $1.047M
YoY Change -22.06%
Short-Term Debt $0.00 $0.00 $2.835M
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $6.729M $6.729M $8.335M
YoY Change -19.27% -19.27% 107.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $362.2K $362.2K $910.4K
YoY Change -60.21% -60.21% -49.46%
Total Long-Term Liabilities $362.2K $362.2K $910.4K
YoY Change -60.21% -60.21% -49.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.729M $6.729M $8.335M
Total Long-Term Liabilities $362.2K $362.2K $910.4K
Total Liabilities $7.091M $7.160M $9.382M
YoY Change -23.3% -23.68% 54.11%
SHAREHOLDERS EQUITY
Retained Earnings -$18.66M
YoY Change 99.74%
Common Stock $7.928K
YoY Change -67.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.230M $4.230M $5.944M
YoY Change
Total Liabilities & Shareholders Equity $11.39M $11.39M $15.33M
YoY Change -25.68% -25.68% -45.56%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income -$2.851M -$9.389M -$16.83M
YoY Change -83.03% -44.22% -2168.46%
Depreciation, Depletion And Amortization -$34.23K $75.77K $206.0K
YoY Change -120.67% -63.22% 272.94%
Cash From Operating Activities -$2.800M -$5.476M -$8.873M
YoY Change -38.83% -38.28% 84.42%
INVESTING ACTIVITIES
Capital Expenditures -$10.00K $24.65K
YoY Change -161.39% -107.96%
Acquisitions
YoY Change
Other Investing Activities $440.5K $1.281M $261.5K
YoY Change -63.29% 389.63% -122.24%
Cash From Investing Activities $450.5K $1.281M $236.9K
YoY Change -61.94% 440.58% -115.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.569M -$115.7K
YoY Change -3183.24% -100.9%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.859M $3.189M $3.627M
YoY Change -578.59% -12.06% -71.77%
NET CHANGE
Cash From Operating Activities -2.800M -$5.476M -$8.873M
Cash From Investing Activities 450.5K $1.281M $236.9K
Cash From Financing Activities 2.859M $3.189M $3.627M
Net Change In Cash 509.6K -$1.006M -$5.009M
YoY Change -112.77% -79.92% -176.45%
FREE CASH FLOW
Cash From Operating Activities -$2.800M -$5.476M -$8.873M
Capital Expenditures -$10.00K $24.65K
Free Cash Flow -$2.790M -$5.476M -$8.897M
YoY Change -39.26% -38.45% 97.65%

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Use of Estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. Actual results and outcomes may differ from management’s estimates and assumptions. In particular, the novel coronavirus (“COVID-19”) pandemic and the resulting adverse impacts to global economic conditions, as well as our operations, may impact future estimates including, but not limited to, our allowance for loan losses, inventory valuations, fair value measurements, asset impairment charges and discount rate assumptions. Certain prior year amounts have been reclassified to conform to the current year’s presentation. Amounts and percentages may not total due to rounding.</p>
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
397414 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
145664 usd
CY2023 jzxn Provisions
Provisions
261301 usd
CY2022 jzxn Provisions
Provisions
143003 usd
CY2021 jzxn Provisions
Provisions
37591 usd
CY2022Q4 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
265836 usd
CY2022Q4 us-gaap Security Deposit
SecurityDeposit
568467 usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
834303 usd
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
407451 usd
CY2021Q4 us-gaap Interest Receivable
InterestReceivable
724337 usd
CY2023 us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
ReceivableWithImputedInterestEffectiveYieldInterestRate
0.1175 pure
CY2023Q4 jzxn Loan To Related Franchisees Gross
LoanToRelatedFranchiseesGross
17993467 usd
CY2022Q4 jzxn Loan To Related Franchisees Gross
LoanToRelatedFranchiseesGross
17678913 usd
CY2023 jzxn Receivable With Imputed Interests Effective Yield Interest Rate
ReceivableWithImputedInterestsEffectiveYieldInterestRate
0.1175 pure
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
2072010 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
2076767 usd
CY2023Q4 jzxn Loan To Related Franchisees Net Of Discount
LoanToRelatedFranchiseesNetOfDiscount
15921457 usd
CY2022Q4 jzxn Loan To Related Franchisees Net Of Discount
LoanToRelatedFranchiseesNetOfDiscount
15602146 usd
CY2023Q4 jzxn Loan To Related Franchisees Net Of Discount
LoanToRelatedFranchiseesNetOfDiscount
15921457 usd
CY2022Q4 jzxn Loan To Related Franchisees Net Of Discount
LoanToRelatedFranchiseesNetOfDiscount
15602146 usd
CY2023 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-11554072 usd
CY2022 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-7309516 usd
CY2023Q4 jzxn Loan To Related Franchisees Net Of Discount And Allowances Current
LoanToRelatedFranchiseesNetOfDiscountAndAllowancesCurrent
4367385 usd
CY2022Q4 jzxn Loan To Related Franchisees Net Of Discount And Allowances Current
LoanToRelatedFranchiseesNetOfDiscountAndAllowancesCurrent
8292630 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7309516 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
832170 usd
CY2023 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
4417126 usd
CY2022 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
7267026 usd
CY2023 jzxn Financing Receivable Effect Of Translation Adjustment
FinancingReceivableEffectOfTranslationAdjustment
-172570 usd
CY2022 jzxn Financing Receivable Effect Of Translation Adjustment
FinancingReceivableEffectOfTranslationAdjustment
-789680 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
11554072 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7309516 usd
CY2023 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
4417126 usd
CY2022 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
7267026 usd
CY2021 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
309023 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4367385 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
8292630 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
790068 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
935573 usd
CY2023Q4 jzxn Excess Input Vat Credits
ExcessInputVATCredits
30405 usd
CY2022Q4 jzxn Excess Input Vat Credits
ExcessInputVATCredits
28242 usd
CY2023Q4 jzxn Cash Advance To Employee Current
CashAdvanceToEmployeeCurrent
38493 usd
CY2022Q4 jzxn Cash Advance To Employee Current
CashAdvanceToEmployeeCurrent
35915 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1275000 usd
CY2023Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
2133966 usd
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
999730 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1275000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
663946 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
921094 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
324372 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
284107 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
339574 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
636987 usd
CY2023 us-gaap Depreciation
Depreciation
75213 usd
CY2022 us-gaap Depreciation
Depreciation
206014 usd
CY2021 us-gaap Depreciation
Depreciation
89207 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
17670 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
17711 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5842 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5318 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
11828 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
12393 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
556 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3783 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2201 usd
CY2023 jzxn Equity Method Investment Ownership
EquityMethodInvestmentOwnership
The franchisees were originally incorporated with the Company shown as a 51.0% owner and subsequently as a 1.25% owner. The intent of having such ownership percentage in the franchisees was to enable the franchisees to register their respective individual business name to include the words “Jiuzi” as required by the local business bureau. Subsequent to the successful registration by the franchisees and completion of the Company’s obligations under the franchise and license agreement, the Company will decrease its ownership interest in these franchisees to 0%. The Company’s percentage of shareholding is nominal, inconsequential, and symbolic. The Company’s equity interest of 51.0% and 1.25% in the franchisees were symbolic in nature.
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
158197 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
214946 usd
CY2023Q4 jzxn Related Party Transaction Loan Gross
RelatedPartyTransactionLoanGross
17993467 usd
CY2023Q4 jzxn Related Party Transaction Loan Discount
RelatedPartyTransactionLoanDiscount
2072010 usd
CY2023Q4 jzxn Related Party Transaction Allowance
RelatedPartyTransactionAllowance
-11554072 usd
CY2023Q4 jzxn Related Party Transaction Loan Net
RelatedPartyTransactionLoanNet
4367385 usd
CY2022Q4 jzxn Related Party Transaction Loan Gross
RelatedPartyTransactionLoanGross
17678913 usd
CY2022Q4 jzxn Related Party Transaction Loan Discount
RelatedPartyTransactionLoanDiscount
2076767 usd
CY2022Q4 jzxn Related Party Transaction Allowance
RelatedPartyTransactionAllowance
-7309516 usd
CY2022Q4 jzxn Related Party Transaction Loan Net
RelatedPartyTransactionLoanNet
8292630 usd
CY2023Q4 jzxn Unearned Franchise Fees Current
UnearnedFranchiseFeesCurrent
15466 usd
CY2023Q4 jzxn Customer Deposit
CustomerDeposit
49200 usd
CY2022Q4 jzxn Customer Deposit
CustomerDeposit
21529 usd
CY2023Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
64666 usd
CY2022Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
21529 usd
CY2022Q4 jzxn Unearned Franchise Fee Noncurrent
UnearnedFranchiseFeeNoncurrent
150494 usd
CY2023Q4 jzxn Contract Liability
ContractLiability
64666 usd
CY2022Q4 jzxn Contract Liability
ContractLiability
172023 usd
CY2023 jzxn Requirement Amount
RequirementAmount
20000000 cny
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
180925 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
241498 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
83639 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
226057 usd
CY2023 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
222296 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y6M25D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.047 pure
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
540172 usd
CY2023Q4 jzxn Unearned Franchise Fee Current
UnearnedFranchiseFeeCurrent
15466 usd
CY2022Q4 jzxn Unearned Franchise Fee Current
UnearnedFranchiseFeeCurrent
21529 usd
CY2022Q4 jzxn Unearned Franchise Fee Noncurrent
UnearnedFranchiseFeeNoncurrent
150494 usd
CY2023Q4 jzxn Unearned Franchise Fee
UnearnedFranchiseFee
15466 usd
CY2022Q4 jzxn Unearned Franchise Fee
UnearnedFranchiseFee
172023 usd
CY2023Q4 jzxn Total Related Parties Receivables
TotalRelatedPartiesReceivables
473663 usd
CY2022Q4 jzxn Total Related Parties Receivables
TotalRelatedPartiesReceivables
67153 usd
CY2023 jzxn Outstanding Receivable
OutstandingReceivable
23165 usd
CY2023 jzxn Related Parties Payables
RelatedPartiesPayables
749825 usd
CY2022 jzxn Related Parties Payables
RelatedPartiesPayables
6849 usd
CY2023 us-gaap Cost Maintenance
CostMaintenance
172883 usd
CY2022 us-gaap Cost Maintenance
CostMaintenance
236290 usd
CY2023Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
172883 usd
CY2022Q4 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
236290 usd
CY2023 jzxn Number Of Operating Leases
NumberOfOperatingLeases
1 pure
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
112382 usd
CY2023Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
2686879 usd
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
2643268 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
725903 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
391092 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
768185 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
222296 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
203491 usd
CY2023Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
425787 usd
CY2021Q4 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
6000000 usd
CY2021Q4 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
6000000 usd
CY2021Q4 us-gaap Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
0.05 pure
CY2021Q4 us-gaap Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
0.05 pure
CY2021Q4 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
2500000 usd
CY2022Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
2500000 usd
CY2023Q4 us-gaap Convertible Debt
ConvertibleDebt
1000000 usd
CY2021Q4 jzxn Convertible Debenture Outstanding
ConvertibleDebentureOutstanding
1300000 usd
CY2023Q1 jzxn Gross Proceeds
GrossProceeds
250000 usd
CY2023Q1 jzxn Total Proceeds Percentage
TotalProceedsPercentage
0.50 pure
CY2022Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
2835400 usd
CY2023 us-gaap Interest Expense Debt
InterestExpenseDebt
137701 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
1337377 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
11 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
868805 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
888933 usd
CY2023Q4 jzxn Company Income Tax1
CompanyIncomeTax1
1702093 usd
CY2022Q4 jzxn Company Income Tax1
CompanyIncomeTax1
1641952 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
115981 usd
CY2023 us-gaap Contract With Customer Asset Purchase
ContractWithCustomerAssetPurchase
1047079 usd
CY2022 us-gaap Contract With Customer Asset Purchase
ContractWithCustomerAssetPurchase
1343442 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1047079 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1343442 usd
CY2023 jzxn Share Issued
ShareIssued
4065609 shares
CY2022 jzxn Share Issued
ShareIssued
1363629 shares
CY2020Q4 jzxn Treasury Stock Acquired Share
TreasuryStockAcquiredShare
5 shares
CY2023Q4 jzxn Capital Units Par Value
CapitalUnitsParValue
0.018
CY2023 jzxn Shareholder Holding
ShareholderHolding
1 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
277778 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Other Share Increase Decrease
ShareBasedCompensationArrangementByShareBasedPaymentAwardOtherShareIncreaseDecrease
2 shares
CY2021Q2 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
288889 shares
CY2021Q2 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
90
CY2022Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
11111 shares
CY2022Q4 us-gaap Compensation Expense Excluding Cost Of Good And Service Sold
CompensationExpenseExcludingCostOfGoodAndServiceSold
60000 usd
CY2022Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
162138 shares
CY2022 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
2236684 usd
CY2023Q4 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
598943 shares
CY2023 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
1720800 usd
CY2023 jzxn Net Cash Proceeds
NetCashProceeds
3568599 usd
CY2023Q4 us-gaap Shares Issued
SharesIssued
177778 shares
CY2023Q4 us-gaap Compensation And Benefits Trust
CompensationAndBenefitsTrust
2717326 usd
CY2023 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
our Board of Directors declared a reverse share split at a ratio of 1-for-18
CY2023Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.018
CY2023Q2 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
1200000 usd
CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
1 shares
CY2023Q3 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
62242 shares
CY2023Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
0.018
CY2023Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
66600 usd
CY2023Q4 jzxn Aggregate Shares Units
AggregateSharesUnits
113636360 shares
CY2023Q4 jzxn Number Of Ordinary Shares
NumberOfOrdinaryShares
1 pure
CY2023Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.1
CY2023 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
CY2023 us-gaap Revenues
Revenues
5931000 usd
CY2023 jzxn Sales Revenues Percentage
SalesRevenuesPercentage
1 pure
CY2022 us-gaap Revenues
Revenues
5923302 usd
CY2022 jzxn Sales Revenues Percentage
SalesRevenuesPercentage
1 pure
CY2021 us-gaap Revenues
Revenues
9285628 usd
CY2021 jzxn Sales Revenues Percentage
SalesRevenuesPercentage
1 pure
CY2023 us-gaap Cost Of Revenue
CostOfRevenue
4592471 usd
CY2023 jzxn Direct Costs Percentage
DirectCostsPercentage
1 pure
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
6316831 usd
CY2022 jzxn Direct Costs Percentage
DirectCostsPercentage
1 pure
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
4854235 usd
CY2021 jzxn Direct Costs Percentage
DirectCostsPercentage
1 pure
CY2023 us-gaap Gross Profit
GrossProfit
1338529 usd
CY2023 jzxn Gross Profitloss Percentage
GrossProfitlossPercentage
1 pure
CY2022 us-gaap Gross Profit
GrossProfit
-393529 usd
CY2022 jzxn Gross Profitloss Percentage
GrossProfitlossPercentage
1 pure
CY2021 us-gaap Gross Profit
GrossProfit
4431393 usd
CY2021 jzxn Gross Profitloss Percentage
GrossProfitlossPercentage
1 pure
CY2023 jzxn Profit Tax Rate
ProfitTaxRate
0.25 pure
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-9787522 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-16361708 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1139666 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2021 us-gaap Income Tax Effects Allocated Directly To Equity Other
IncomeTaxEffectsAllocatedDirectlyToEquityOther
284917 usd
CY2023 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
66250 usd
CY2022 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
-71 usd
CY2021 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
254914 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
66250 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-71 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
539831 usd
CY2023 us-gaap Payments To Suppliers
PaymentsToSuppliers
3124414 usd
CY2023 jzxn Third Party Sales Revenue
ThirdPartySalesRevenue
-1537964 usd
CY2023 jzxn Third Party Sales Revenues Percentage
ThirdPartySalesRevenuesPercentage
0.26 pure
CY2022 jzxn Third Party Sales Revenue
ThirdPartySalesRevenue
-4885750 usd
CY2022 jzxn Third Party Sales Revenues Percentage
ThirdPartySalesRevenuesPercentage
0.82 pure
CY2021 jzxn Third Party Sales Revenue
ThirdPartySalesRevenue
-1192558 usd
CY2021 jzxn Third Party Sales Revenues Percentage
ThirdPartySalesRevenuesPercentage
0.13 pure
CY2023 jzxn Related Party Sales Revenues
RelatedPartySalesRevenues
2969586 usd
CY2023 jzxn Related Party Sales Revenues Percentage
RelatedPartySalesRevenuesPercentage
0.50 pure
CY2022 jzxn Related Party Sales Revenues
RelatedPartySalesRevenues
596198 usd
CY2022 jzxn Related Party Sales Revenues Percentage
RelatedPartySalesRevenuesPercentage
0.10 pure
CY2022 jzxn Third Party Franchise Revenues
ThirdPartyFranchiseRevenues
229818 usd
CY2022 jzxn Third Party Franchise Revenues Percentage
ThirdPartyFranchiseRevenuesPercentage
0.04 pure
CY2021 jzxn Third Party Franchise Revenues
ThirdPartyFranchiseRevenues
251359 usd
CY2021 jzxn Third Party Franchise Revenues Percentage
ThirdPartyFranchiseRevenuesPercentage
0.03 pure
CY2023 jzxn Related Party Franchise Revenues
RelatedPartyFranchiseRevenues
-1334705 usd
CY2023 jzxn Related Party Franchise Revenues Percentage
RelatedPartyFranchiseRevenuesPercentage
0.23 pure
CY2022 jzxn Related Party Franchise Revenues
RelatedPartyFranchiseRevenues
-53945 usd
CY2022 jzxn Related Party Franchise Revenues Percentage
RelatedPartyFranchiseRevenuesPercentage
0.01 pure
CY2021 jzxn Related Party Franchise Revenues
RelatedPartyFranchiseRevenues
-7841711 usd
CY2021 jzxn Related Party Franchise Revenues Percentage
RelatedPartyFranchiseRevenuesPercentage
0.84 pure
CY2023 jzxn Third Party Other Revenues
ThirdPartyOtherRevenues
-56670 usd
CY2023 jzxn Third Party Other Revenues Percentage
ThirdPartyOtherRevenuesPercentage
0.01 pure
CY2022 jzxn Third Party Other Revenues
ThirdPartyOtherRevenues
-159589 usd
CY2022 jzxn Third Party Other Revenues Percentage
ThirdPartyOtherRevenuesPercentage
0.03 pure
CY2023 jzxn Related Party Other Revenues
RelatedPartyOtherRevenues
-32075 usd
CY2023 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
5931000 usd
CY2023 jzxn Related Party Revenues Percentage Total
RelatedPartyRevenuesPercentageTotal
1 pure
CY2022 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
5923302 usd
CY2022 jzxn Related Party Revenues Percentage Total
RelatedPartyRevenuesPercentageTotal
1 pure
CY2021 us-gaap Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
9285628 usd
CY2021 jzxn Related Party Revenues Percentage Total
RelatedPartyRevenuesPercentageTotal
1 pure
CY2022Q4 us-gaap Policy Loans Receivable
PolicyLoansReceivable
usd
CY2023Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
usd
CY2022Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
usd
CY2023Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
usd
CY2023Q4 us-gaap Other Long Term Debt Noncurrent
OtherLongTermDebtNoncurrent
usd
CY2022 jzxn Provision For Credit Loss On Loans Receivable
ProvisionForCreditLossOnLoansReceivable
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CY2021 jzxn Provision For Credit Loss On Loans Receivable
ProvisionForCreditLossOnLoansReceivable
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CY2023Q4 jzxn Total Cost Concentration
TotalCostConcentration
1014162 usd
CY2023 jzxn Concentration Risk Percentage Total
ConcentrationRiskPercentageTotal
0.17 pure
CY2022Q4 jzxn Total Cost Concentration
TotalCostConcentration
697056 usd
CY2022 jzxn Concentration Risk Percentage Total
ConcentrationRiskPercentageTotal
0.10 pure
CY2021Q4 jzxn Total Cost Concentration
TotalCostConcentration
1280955 usd
CY2021 jzxn Concentration Risk Percentage Total
ConcentrationRiskPercentageTotal
0.94 pure
CY2023Q3 us-gaap Asset Acquisition Consideration Transferred
AssetAcquisitionConsiderationTransferred
151580 usd
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DisposalGroupDeferredGainOnDisposal
619121 usd
CY2023Q4 us-gaap Capital Units Net Amount
CapitalUnitsNetAmount
150000 usd
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CommonStockDividendsShares
1000000000 shares
CY2023 jzxn Purchase Price Value
PurchasePriceValue
6000 usd
CY2023 jzxn Number Of Ordinary Shares
NumberOfOrdinaryShares
1 pure
CY2023 jzxn Aggregate Shares
AggregateShares
113636360 shares
CY2023 us-gaap Stock Option Exercise Price Increase
StockOptionExercisePriceIncrease
1.1
CY2023Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.44
CY2023 jzxn Aggregate Purchase Price
AggregatePurchasePrice
50000000 usd
CY2023 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
usd
CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
usd
CY2021 jzxn Decrease Increase In Other Long Term Liabilities
DecreaseIncreaseInOtherLongTermLiabilities
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CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
usd
CY2022 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
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CY2021 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
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CY2022 us-gaap Provision For Other Losses
ProvisionForOtherLosses
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CY2021 us-gaap Provision For Other Losses
ProvisionForOtherLosses
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CY2021 jzxn Increase Decrease In Advances To Suppliers
IncreaseDecreaseInAdvancesToSuppliers
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CY2023 jzxn Increase Decrease Advances To Suppliers Related Party
IncreaseDecreaseAdvancesToSuppliersRelatedParty
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CY2022 jzxn Increase Decrease Advances To Suppliers Related Party
IncreaseDecreaseAdvancesToSuppliersRelatedParty
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CY2023 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
usd
CY2022 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
usd
CY2023 jzxn Increase Decrease Other Current Assets St Security Deposits
IncreaseDecreaseOtherCurrentAssetsSTSecurityDeposits
usd
CY2022 jzxn Increase Decrease Other Current Assets St Security Deposits
IncreaseDecreaseOtherCurrentAssetsSTSecurityDeposits
usd
CY2021 jzxn Increase Decrease Other Current Assets St Security Deposits
IncreaseDecreaseOtherCurrentAssetsSTSecurityDeposits
usd
CY2023 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
usd
CY2021 us-gaap Increase Decrease In Prepaid Taxes
IncreaseDecreaseInPrepaidTaxes
usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
usd
CY2022 us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
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CY2021 us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
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CY2021 jzxn Increase Decrease In Due To Related Parties Loans
IncreaseDecreaseInDueToRelatedPartiesLoans
usd
CY2023 jzxn Inter Company Investments
InterCompanyInvestments
usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2021 jzxn Redemption Disposal Of Investments
RedemptionDisposalOfInvestments
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CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2021 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2023 jzxn Proceeds From Owners Injection Of Capital
ProceedsFromOwnersInjectionOfCapital
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CY2021 jzxn Proceeds From Owners Injection Of Capital
ProceedsFromOwnersInjectionOfCapital
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CY2023 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
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CY2021 us-gaap Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
usd
CY2022 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
usd
CY2021 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
usd
CY2021Q4 us-gaap Restricted Cash Current
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CY2023 jzxn Interest Received
InterestReceived
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CY2022 jzxn Interest Received
InterestReceived
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CY2021 jzxn Interest Received
InterestReceived
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CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2021 us-gaap Debt Conversion Converted Instrument Amount1
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CY2022 us-gaap Advertising Expense
AdvertisingExpense
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CY2021 us-gaap Inventory Write Down
InventoryWriteDown
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
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CY2023Q4 us-gaap Interest Receivable
InterestReceivable
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CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
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CY2022Q4 jzxn Unearned Franchise Fees Current
UnearnedFranchiseFeesCurrent
usd
CY2023Q4 jzxn Unearned Franchise Fee Noncurrent
UnearnedFranchiseFeeNoncurrent
usd
CY2023Q4 jzxn Unearned Franchise Fee Noncurrent
UnearnedFranchiseFeeNoncurrent
usd
CY2022 jzxn Outstanding Receivable
OutstandingReceivable
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
usd
CY2023Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
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CY2023 us-gaap Income Tax Effects Allocated Directly To Equity Other
IncomeTaxEffectsAllocatedDirectlyToEquityOther
usd
CY2022 us-gaap Income Tax Effects Allocated Directly To Equity Other
IncomeTaxEffectsAllocatedDirectlyToEquityOther
usd
CY2021 jzxn Related Party Sales Revenues
RelatedPartySalesRevenues
usd
CY2021 jzxn Related Party Sales Revenues Percentage
RelatedPartySalesRevenuesPercentage
pure
CY2023 jzxn Third Party Franchise Revenues
ThirdPartyFranchiseRevenues
usd
CY2023 jzxn Third Party Franchise Revenues Percentage
ThirdPartyFranchiseRevenuesPercentage
pure
CY2021 jzxn Third Party Other Revenues
ThirdPartyOtherRevenues
usd
CY2021 jzxn Third Party Other Revenues Percentage
ThirdPartyOtherRevenuesPercentage
pure
CY2023 jzxn Related Party Other Revenues Percentage
RelatedPartyOtherRevenuesPercentage
pure
CY2022 jzxn Related Party Other Revenues
RelatedPartyOtherRevenues
usd
CY2022 jzxn Related Party Other Revenues Percentage
RelatedPartyOtherRevenuesPercentage
pure
CY2021 jzxn Related Party Other Revenues
RelatedPartyOtherRevenues
usd
CY2021 jzxn Related Party Other Revenues Percentage
RelatedPartyOtherRevenuesPercentage
pure
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001816172

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