2024 Q2 Form 20-F Financial Statement

#000121390024095922 Filed on November 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 2023 Q2
Revenue $10.79M $14.00M
YoY Change -22.92%
Cost Of Revenue $8.086M $8.247M
YoY Change -1.94%
Gross Profit $2.708M $5.758M
YoY Change -52.98%
Gross Profit Margin 25.08% 41.11%
Selling, General & Admin $3.340M $4.510M
YoY Change 1.32%
% of Gross Profit 123.37% 78.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $460.7K $248.0K
YoY Change -7.61%
% of Gross Profit 17.02% 4.31%
Operating Expenses $4.425M $4.510M
YoY Change -1.89%
Operating Profit -$1.717M $1.248M
YoY Change -237.65%
Interest Expense -$375.5K
YoY Change
% of Operating Profit -30.09%
Other Income/Expense, Net $155.8K -$5.460K
YoY Change -140.9%
Pretax Income -$1.562M $866.7K
YoY Change -280.17%
Income Tax -$187.7K $252.6K
% Of Pretax Income 29.15%
Net Earnings -$1.371M $616.8K
YoY Change -322.29%
Net Earnings / Revenue -12.7% 4.4%
Basic Earnings Per Share -$0.08
Diluted Earnings Per Share -$0.08 $0.03
COMMON SHARES
Basic Shares Outstanding 17.00M shares 17.00M shares
Diluted Shares Outstanding 17.00M shares

Balance Sheet

Concept 2024 Q2 2024 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.02K
YoY Change -55.81%
Cash & Equivalents $234.2K $541.1K
Short-Term Investments
Other Short-Term Assets $1.793M
YoY Change 107.17%
Inventory $1.750M $1.547M
Prepaid Expenses
Receivables $12.29M $11.87M
Other Receivables $0.00
Total Short-Term Assets $15.72M $15.29M
YoY Change 2.8% 23.69%
LONG-TERM ASSETS
Property, Plant & Equipment $2.791M $3.092M
YoY Change -9.74% -15.23%
Goodwill
YoY Change
Intangibles $539.9K $547.4K
YoY Change -1.36%
Long-Term Investments $2.629M
YoY Change
Other Assets $169.9K $73.22K
YoY Change 132.08% -96.74%
Total Long-Term Assets $9.361M $10.06M
YoY Change -6.97% 25.55%
TOTAL ASSETS
Total Short-Term Assets $15.72M $15.29M
Total Long-Term Assets $9.361M $10.06M
Total Assets $25.08M $25.35M
YoY Change -1.08% 24.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.695M $4.360M
YoY Change 7.67% 21.0%
Accrued Expenses $72.08K $74.78K
YoY Change -3.61% -88.83%
Deferred Revenue $1.027M $1.029M
YoY Change -0.22%
Short-Term Debt $9.681M
YoY Change 47.37%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $17.02M $19.51M
YoY Change -12.76% 29.83%
LONG-TERM LIABILITIES
Long-Term Debt $297.6K
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.807M $297.5K
YoY Change 1179.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.02M $19.51M
Total Long-Term Liabilities $3.807M $297.5K
Total Liabilities $20.82M $19.80M
YoY Change 5.15% 32.34%
SHAREHOLDERS EQUITY
Retained Earnings $1.584M $2.955M
YoY Change -46.4%
Common Stock $2.238M $2.238M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.317M $5.607M
YoY Change
Total Liabilities & Shareholders Equity $25.08M $25.35M
YoY Change -1.08% 24.42%

Cashflow Statement

Concept 2024 Q2 2024 2023 Q2
OPERATING ACTIVITIES
Net Income -$1.371M $616.8K
YoY Change -322.29%
Depreciation, Depletion And Amortization $460.7K $248.0K
YoY Change -7.61%
Cash From Operating Activities -$646.5K -$1.071M
YoY Change 1.9%
INVESTING ACTIVITIES
Capital Expenditures $153.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$2.737M
YoY Change
Cash From Investing Activities -$87.19K -$2.890M
YoY Change -97.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $419.5K 4.044M
YoY Change -89.36%
NET CHANGE
Cash From Operating Activities -$646.5K -1.071M
Cash From Investing Activities -$87.19K -2.890M
Cash From Financing Activities $419.5K 4.044M
Net Change In Cash -$306.9K 83.46K
YoY Change -183.15%
FREE CASH FLOW
Cash From Operating Activities -$646.5K -$1.071M
Capital Expenditures $153.0K
Free Cash Flow -$1.224M
YoY Change

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CY2023 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
498650 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
541793 usd
CY2024 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
14839 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-547 usd
CY2024 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1084649 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1213483 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
378294 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-93655 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-223230 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-214530 usd
CY2024 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
391851 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5049769 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5003595 usd
CY2024 us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
172208 usd
CY2023 us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
-14694 usd
CY2022 us-gaap Increase Decrease In Notes Receivable Current
IncreaseDecreaseInNotesReceivableCurrent
-7434 usd
CY2024 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
201638 usd
CY2023 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
299526 usd
CY2022 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
617272 usd
CY2024 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
182119 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-460389 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1790126 usd
CY2023 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-297666 usd
CY2022 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-886753 usd
CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-35262 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
195641 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2597 usd
CY2024 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
273650 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1054719 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
775007 usd
CY2024 lbgj Increase Decrease Advances From Customers
IncreaseDecreaseAdvancesFromCustomers
-16578 usd
CY2023 lbgj Increase Decrease Advances From Customers
IncreaseDecreaseAdvancesFromCustomers
294836 usd
CY2022 lbgj Increase Decrease Advances From Customers
IncreaseDecreaseAdvancesFromCustomers
-1723413 usd
CY2024 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-102435 usd
CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
639275 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
1687572 usd
CY2024 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-26077 usd
CY2023 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
85253 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-78634 usd
CY2024 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
74527 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-39880 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
317688 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-646479 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-634414 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-410271 usd
CY2024 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
104523 usd
CY2023 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
175962 usd
CY2022 us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
84899 usd
CY2024 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
17334 usd
CY2023 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
144 usd
CY2022 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
1548683 usd
CY2023 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
2737161 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-87189 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2912979 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1633582 usd
CY2024 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
7969044 usd
CY2023 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
14461012 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
8146072 usd
CY2024 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
7422258 usd
CY2023 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
10425427 usd
CY2022 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
4843199 usd
CY2024 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
127300 usd
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
91238 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
255900 usd
CY2022 us-gaap Payments Of Dividends
PaymentsOfDividends
929210 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
419486 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3944347 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2117763 usd
CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7262 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-27857 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6723 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-306920 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
369097 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
67187 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
541127 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
172030 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
104843 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
234207 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
541127 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
172030 usd
CY2024Q2 us-gaap Cash
Cash
153914 usd
CY2023Q2 us-gaap Cash
Cash
76019 usd
CY2022Q2 us-gaap Cash
Cash
172030 usd
CY2024Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
80293 usd
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
465108 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
234207 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
541127 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
172030 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
425736 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
375286 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
291901 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
59 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
167010 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
983 usd
CY2024 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2021-07-08
CY2022Q3 us-gaap Other Additional Capital
OtherAdditionalCapital
16990000 usd
CY2024 us-gaap Profit Loss
ProfitLoss
-1373887 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-646479 usd
CY2024Q2 us-gaap Other Loans Payable
OtherLoansPayable
10700000 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Use of estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In preparing the CFS in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the dates of the CFS, as well as the reported amounts of revenue and expenses during the reporting periods. Significant items subject to such estimates and assumptions include, but are not limited to, the assessment of the allowance for doubtful accounts, the valuation of inventories, useful lives of property and equipment and intangible assets, the recoverability of long-lived assets, uncertain tax positions and realization of deferred tax assets. Actual results could differ from those estimates.</p>
CY2024Q2 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
500000 cny
CY2024Q2 us-gaap Bank Owned Life Insurance
BankOwnedLifeInsurance
70158 usd
CY2024Q2 us-gaap Notes Receivable Net
NotesReceivableNet
172348 usd
CY2024Q2 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P50Y
CY2024 us-gaap Interest Costs Incurred
InterestCostsIncurred
208751 usd
CY2023 us-gaap Interest Costs Incurred
InterestCostsIncurred
214351 usd
us-gaap Interest Costs Incurred
InterestCostsIncurred
229782 usd
CY2024 lbgj Vat Rate
VATRate
0.13 pure
CY2024Q2 us-gaap Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
10470000 usd
CY2023Q2 us-gaap Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
10890000 usd
CY2022Q2 us-gaap Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
8210000 usd
CY2024Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
15518614 usd
CY2023Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
14919199 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
2561803 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1569858 usd
CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
12956811 usd
CY2023Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
13322341 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12286665 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
11874127 usd
CY2024Q2 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
670146 usd
CY2023Q2 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
1448214 usd
CY2024Q2 us-gaap Accounts Receivable Net Noncurrent
AccountsReceivableNetNoncurrent
670146 usd
CY2024Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
2860000 usd
CY2023Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
3020000.00 usd
CY2024Q2 lbgj Accounts Receivable Warranty Deposit
AccountsReceivableWarrantyDeposit
2857115 usd
CY2024Q2 lbgj Advances For Products And Services
AdvancesForProductsAndServices
1246130 usd
CY2023Q2 lbgj Advances For Products And Services
AdvancesForProductsAndServices
1030020 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
254612 usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
113202 usd
CY2024Q2 us-gaap Supplies
Supplies
991518 usd
CY2023Q2 us-gaap Supplies
Supplies
916818 usd
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
524470 usd
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
439157 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1125824 usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1037427 usd
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
100074 usd
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
70033 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
1750369 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
1546617 usd
CY2024 us-gaap Maturities Of Time Deposits Description
MaturitiesOfTimeDepositsDescription
May 2026
CY2024Q2 lbgj Fixed Deposit
FixedDeposit
19000000 cny
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
10000000 cny
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1400000 usd
CY2021Q4 us-gaap Area Of Land
AreaOfLand
13000 sqm
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6753901 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
6607460 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3963010 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3515567 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2790891 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3091893 usd
CY2024 us-gaap Depreciation
Depreciation
447443 usd
CY2023 us-gaap Depreciation
Depreciation
483216 usd
CY2022 us-gaap Depreciation
Depreciation
525201 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
751635 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
741337 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
211710 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
193983 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
539925 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
547354 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15020 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
15434 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16592 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
15033 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
15033 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
15033 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
15033 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
15033 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
464762 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
539925 usd
CY2024Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
864458 usd
CY2023Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
779115 usd
CY2024Q2 lbgj Interestfree Borrowing From Third Parties
InterestfreeBorrowingFromThirdParties
80100 usd
CY2023Q2 lbgj Interestfree Borrowing From Third Parties
InterestfreeBorrowingFromThirdParties
82868 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
72079 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
74777 usd
CY2024Q2 us-gaap Deposits
Deposits
14032 usd
CY2023Q2 us-gaap Deposits
Deposits
13839 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3060 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
325 usd
CY2024Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
1033729 usd
CY2023Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
950924 usd
CY2024 lbgj Schedule Of Other Related Party Balances
ScheduleOfOtherRelatedPartyBalances
The following are related party balances which are non-interest bearing as of June 30, 2024 and 2023:<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2024</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">US$</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">US$</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold">Amounts due to related parties:</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left; text-indent: -9pt; padding-left: 9pt">Fan Hu (1)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">107,476</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">111,705</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">Huang Feng (1)</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">24,098</td><td style="padding-bottom: 1.5pt; text-align: left"> </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">43,807</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="padding-bottom: 4pt; text-indent: -9pt; padding-left: 9pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">131,574</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">155,512</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in; text-align: left"><span style="font-size: 10pt">(1)</span></td><td style="text-align: justify"><span style="font-size: 10pt">The balances mainly are for expenses paid on behalf of the Company for daily operations.</span></td> </tr></table>
CY2022 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
42167 usd
CY2024 lbgj Nonproject Installation And Maintenance Revenue
NonprojectInstallationAndMaintenanceRevenue
107476 usd
CY2023 lbgj Nonproject Installation And Maintenance Revenue
NonprojectInstallationAndMaintenanceRevenue
90353 usd
CY2022 lbgj Nonproject Installation And Maintenance Revenue
NonprojectInstallationAndMaintenanceRevenue
195788 usd
CY2024 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
131016 usd
CY2023 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
136796 usd
CY2022 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
102568 usd
CY2024 lbgj Brand Charge
BrandCharge
97092 usd
CY2023 lbgj Brand Charge
BrandCharge
15392 usd
CY2022 lbgj Brand Charge
BrandCharge
74157 usd
CY2024 lbgj Waste Sales
WasteSales
23830 usd
CY2023 lbgj Waste Sales
WasteSales
14449 usd
CY2022 lbgj Waste Sales
WasteSales
23643 usd
CY2024 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
98502 usd
CY2024 us-gaap Government Assistance Nonoperating Income
GovernmentAssistanceNonoperatingIncome
119267 usd
CY2024 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
19628 usd
CY2023 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
29573 usd
CY2022 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
21227 usd
CY2024 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
10383 usd
CY2023 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
292024 usd
CY2022 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
17931 usd
CY2024 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
586428 usd
CY2023 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-5461 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
399452 usd
CY2024Q2 lbgj Value Added Tax Deductions
ValueAddedTaxDeductions
499883 cny
CY2024Q2 lbgj Value Added Tax Deductions
ValueAddedTaxDeductions
-70084 usd
CY2024Q2 us-gaap Government Assistance Award Amount
GovernmentAssistanceAwardAmount
350800 cny
CY2024Q2 us-gaap Government Assistance Award Amount
GovernmentAssistanceAwardAmount
49183 usd
us-gaap Income Taxes Paid
IncomeTaxesPaid
274678 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationRepatriationOfForeignEarnings
0.25 pure
CY2025Q4 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.15 pure
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1561607 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
866731 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1438221 usd
CY2024 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
1834 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
475841 usd
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
807648 usd
CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-189554 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-223230 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-214530 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-187720 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
252611 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
593118 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
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
CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
-0.069 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.182 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.094 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.01 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.313 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.046 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.019 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.01 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.107 pure
CY2024 lbgj Effective Income Tax Rate Net Loss Carryforward
EffectiveIncomeTaxRateNetLossCarryforward
-0.018 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.013 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.003 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.012 pure
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.121 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.291 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.412 pure
CY2022Q4 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.15 pure
us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
4.6 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
0.107 pure
CY2024Q2 lbgj Deferred Tax Assets Allowance For Expected Credit Losses
DeferredTaxAssetsAllowanceForExpectedCreditLosses
533345 usd
CY2023Q2 lbgj Deferred Tax Assets Allowance For Expected Credit Losses
DeferredTaxAssetsAllowanceForExpectedCreditLosses
338928 usd
CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
94662 usd
CY2024Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
533345 usd
CY2023Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
433591 usd
CY2022 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
508000 cny
CY2022 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-73000 usd
CY2024Q2 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
684000 cny
CY2024Q2 us-gaap Deferred Tax Assets Deferred Income
DeferredTaxAssetsDeferredIncome
95000 usd
CY2024 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
1460000 usd
CY2024Q2 lbgj Value Added Tax Payable
ValueAddedTaxPayable
1014959 usd
CY2023Q2 lbgj Value Added Tax Payable
ValueAddedTaxPayable
1055946 usd
CY2024Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2168507 usd
CY2023Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2185651 usd
CY2024Q2 lbgj Dividend Withholding Tax Payable
DividendWithholdingTaxPayable
88521 usd
CY2023Q2 lbgj Dividend Withholding Tax Payable
DividendWithholdingTaxPayable
87308 usd
CY2024Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
1240 usd
CY2023Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
589 usd
CY2024Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
3273227 usd
CY2023Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
3329494 usd
CY2024Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1655031 usd
CY2024Q2 lbgj Concentration Risk Percentage
ConcentrationRiskPercentage
0.107 pure
CY2023Q2 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1827320 usd
CY2023Q2 lbgj Concentration Risk Percentage
ConcentrationRiskPercentage
0.122 pure
CY2022Q2 us-gaap Payments For Legal Settlements
PaymentsForLegalSettlements
30000 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
32584 usd
CY2024 us-gaap Payments For Rent
PaymentsForRent
50323 usd
CY2023 us-gaap Payments For Rent
PaymentsForRent
50885 usd
CY2022 us-gaap Payments For Rent
PaymentsForRent
17415 usd
CY2024 lbgj Percentage Of Consolidated Net Assets
PercentageOfConsolidatedNetAssets
0.25 pure
CY2024 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2023Q2 us-gaap Notes Receivable Net
NotesReceivableNet
usd
CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023 lbgj Appropriation To Statutory Reserves
AppropriationToStatutoryReserves
usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2024 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
usd
CY2022 us-gaap Proceeds From Sale Of Other Property Plant And Equipment
ProceedsFromSaleOfOtherPropertyPlantAndEquipment
usd
CY2024 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
usd
CY2023 us-gaap Payments To Acquire Land Held For Use
PaymentsToAcquireLandHeldForUse
usd
CY2024 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
usd
CY2022 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
usd
CY2024 us-gaap Payments Of Dividends
PaymentsOfDividends
usd
CY2023 us-gaap Payments Of Dividends
PaymentsOfDividends
usd
CY2022Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
usd
CY2024Q2 us-gaap Cash
Cash
154000 usd
CY2024 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
usd
CY2023 us-gaap Related Party Transaction Amounts Of Transaction
RelatedPartyTransactionAmountsOfTransaction
usd
CY2023 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
usd
CY2022 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
usd
CY2023 us-gaap Government Assistance Nonoperating Income
GovernmentAssistanceNonoperatingIncome
usd
CY2022 us-gaap Government Assistance Nonoperating Income
GovernmentAssistanceNonoperatingIncome
usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
pure
CY2023 lbgj Effective Income Tax Rate Net Loss Carryforward
EffectiveIncomeTaxRateNetLossCarryforward
pure
CY2022 lbgj Effective Income Tax Rate Net Loss Carryforward
EffectiveIncomeTaxRateNetLossCarryforward
pure
CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
usd
CY2024 dei Amendment Flag
AmendmentFlag
false
CY2024 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2024 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
000000
CY2024 dei Entity Central Index Key
EntityCentralIndexKey
0001896425

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