2022 Q4 Form 20-F Financial Statement

#000121390023034685 Filed on May 01, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $33.81M $33.81M $34.30M
YoY Change -1.43% -1.43%
Cost Of Revenue $13.61M $13.61M $13.82M
YoY Change -1.5% -1.5%
Gross Profit $20.19M $20.19M $20.48M
YoY Change -1.38% -1.38%
Gross Profit Margin 59.73% 59.73% 59.7%
Selling, General & Admin $9.544M $9.544M $9.177M
YoY Change 4.0% 4.0%
% of Gross Profit 47.27% 47.27% 44.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.901M $651.0K $2.446M
YoY Change -22.28% -1.36% 122.36%
% of Gross Profit 9.41% 3.22% 11.95%
Operating Expenses $9.544M $9.544M $9.177M
YoY Change 4.0% 4.0%
Operating Profit $10.65M $10.65M $11.30M
YoY Change -5.75% -5.75%
Interest Expense $60.00K $60.00K $28.00K
YoY Change 114.29% 114.29%
% of Operating Profit 0.56% 0.56% 0.25%
Other Income/Expense, Net $34.00K $34.00K $188.0K
YoY Change -81.91% -81.91%
Pretax Income $10.74M $10.74M $11.51M
YoY Change -6.7% -6.7%
Income Tax $2.924M $2.924M $3.052M
% Of Pretax Income 27.22% 27.22% 26.51%
Net Earnings $7.818M $7.818M $8.462M
YoY Change -7.61% -7.61%
Net Earnings / Revenue 23.13% 23.13% 24.67%
Basic Earnings Per Share $0.35
Diluted Earnings Per Share $0.35 $0.35 $0.32
COMMON SHARES
Basic Shares Outstanding 22.50M shares
Diluted Shares Outstanding 22.50M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.60M $22.60M $16.85M
YoY Change 34.16% 34.16%
Cash & Equivalents $22.60M $16.85M
Short-Term Investments
Other Short-Term Assets $996.0K $996.0K $2.532M
YoY Change -60.66% -60.66%
Inventory $127.0K $127.0K $150.0K
Prepaid Expenses
Receivables $3.545M $3.545M $3.942M
Other Receivables $0.00 $0.00 $419.0K
Total Short-Term Assets $27.27M $27.27M $23.89M
YoY Change 14.15% 14.15%
LONG-TERM ASSETS
Property, Plant & Equipment $13.30M $13.50M $14.94M
YoY Change -10.97% -9.62%
Goodwill
YoY Change
Intangibles $4.522M $3.868M
YoY Change 16.91%
Long-Term Investments
YoY Change
Other Assets $141.0K $1.236M $250.0K
YoY Change -43.6% 394.4%
Total Long-Term Assets $19.26M $19.26M $19.06M
YoY Change 1.07% 1.07%
TOTAL ASSETS
Total Short-Term Assets $27.27M $27.27M $23.89M
Total Long-Term Assets $19.26M $19.26M $19.06M
Total Assets $46.53M $46.53M $42.94M
YoY Change 8.34% 8.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $161.0K $161.0K $123.0K
YoY Change 30.89% 30.89%
Accrued Expenses $1.701M $1.109M $3.061M
YoY Change -44.43% -63.77%
Deferred Revenue $1.146M
YoY Change
Short-Term Debt $0.00 $0.00 $345.0K
YoY Change -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.232M $5.232M $6.111M
YoY Change -14.38% -14.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $184.0K $184.0K
YoY Change
Total Long-Term Liabilities $184.0K $184.0K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.232M $5.232M $6.111M
Total Long-Term Liabilities $184.0K $184.0K $0.00
Total Liabilities $5.416M $5.416M
YoY Change -11.37%
SHAREHOLDERS EQUITY
Retained Earnings $40.83M $33.01M
YoY Change 23.68%
Common Stock $2.301M $1.000K
YoY Change 230000.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $41.11M $41.11M $36.83M
YoY Change
Total Liabilities & Shareholders Equity $46.53M $46.53M $42.94M
YoY Change 8.34% 8.34%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income $7.818M $7.818M $8.462M
YoY Change -7.61% -7.61%
Depreciation, Depletion And Amortization $1.901M $651.0K $2.446M
YoY Change -22.28% -1.36% 122.36%
Cash From Operating Activities $5.583M $10.77M $7.304M
YoY Change -23.56% 47.4% 35.01%
INVESTING ACTIVITIES
Capital Expenditures $1.886M $2.842M $28.00K
YoY Change 6635.71% 10050.0% -97.59%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $589.0K
YoY Change -100.0% -100.0%
Cash From Investing Activities -$1.886M -$2.842M $561.0K
YoY Change -436.19% -606.6% -148.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.00K -$327.0K 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 5.583M $10.77M 7.304M
Cash From Investing Activities -1.886M -$2.842M 561.0K
Cash From Financing Activities 12.00K -$327.0K 0.000
Net Change In Cash 3.709M $5.754M 7.865M
YoY Change -52.84% -29.66% 88.61%
FREE CASH FLOW
Cash From Operating Activities $5.583M $10.77M $7.304M
Capital Expenditures $1.886M $2.842M $28.00K
Free Cash Flow $3.697M $7.924M $7.276M
YoY Change -49.19% 8.91% 71.2%

Facts In Submission

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CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-11000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
126000 usd
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-11000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
10766000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7304000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8350000 usd
CY2022 licn Rightofuseasset Costs
RightofuseassetCosts
-1950000 usd
CY2021 licn Rightofuseasset Costs
RightofuseassetCosts
-28000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
892000 usd
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1160000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
589000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2842000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
561000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1160000 usd
CY2022 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
327000 usd
CY2020 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4348000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-327000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4348000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1843000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
315000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
433000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5754000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8180000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3275000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16845000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8665000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5390000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22599000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16845000 usd
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.28
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8665000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2955000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2976000 usd
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2310000 usd
CY2022 us-gaap Dividends And Interest Paid
DividendsAndInterestPaid
1000 usd
CY2021 us-gaap Dividends And Interest Paid
DividendsAndInterestPaid
15000 usd
CY2020 us-gaap Dividends And Interest Paid
DividendsAndInterestPaid
15000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
266000 usd
CY2022 licn Purchase Of Intangible Assets Prepaid In Prior Year
PurchaseOfIntangibleAssetsPrepaidInPriorYear
2081000 usd
CY2022 licn Owns Interests In Its Subsidiaries
OwnsInterestsInItsSubsidiaries
1 pure
CY2021Q2 licn Authorized Share Capital1
AuthorizedShareCapital1
50000000 hkd
CY2021Q2 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
5000000 shares
CY2021Q2 us-gaap Share Price
SharePrice
0.01
CY2021Q2 us-gaap Dividend Income Operating
DividendIncomeOperating
50000000 hkd
CY2021Q2 us-gaap Dividend Income Operating
DividendIncomeOperating
50000000 usd
CY2021Q2 us-gaap Temporary Equity Shares Subscribed But Unissued
TemporaryEquitySharesSubscribedButUnissued
5000000 shares
CY2021Q2 licn Authorized Share Capital1
AuthorizedShareCapital1
50000000 usd
CY2021Q4 us-gaap Subsidiary Of Limited Liability Company Or Limited Partnership Business Purpose
SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipBusinessPurpose
(a) 1,000,000,000 Class A Ordinary Shares with a nominal or par value of US$0.00004 each and (b) 250,000,000 Class B Ordinary Shares with a nominal or par value of US$0.00004, each in accordance with section 13 of the Cayman Islands Companies Act.
CY2022 us-gaap Regulated Operating Revenue
RegulatedOperatingRevenue
33805 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="text-decoration:underline">Use of estimate and assumptions</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i> </i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the Company’s 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 and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods presented. Estimates are adjusted to reflect actual experience when necessary. Significant accounting estimates reflected in the Company’s consolidated financial statements include, allowance for doubtful accounts, useful lives of long-lived assets, impairment of long-lived assets and uncertain tax position. Actual results could differ from these estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p>
CY2022Q4 licn Accumulated Other Comprehensive Income
AccumulatedOtherComprehensiveIncome
-2000000 usd
CY2021Q4 licn Accumulated Other Comprehensive Income
AccumulatedOtherComprehensiveIncome
1540000 usd
CY2020Q4 licn Accumulated Other Comprehensive Income
AccumulatedOtherComprehensiveIncome
810000 usd
CY2022 licn Translation Of Foreign Currencies
TranslationOfForeignCurrencies
1 usd
CY2022 licn Exchange Rates End
ExchangeRatesEnd
1
CY2021 licn Exchange Rates End
ExchangeRatesEnd
1
CY2022 licn Exchange Rates End
ExchangeRatesEnd
1
CY2021 licn Exchange Rates End
ExchangeRatesEnd
1
CY2022 licn Exchange Rates End
ExchangeRatesEnd
1
CY2021 licn Exchange Rates End
ExchangeRatesEnd
1
CY2022 licn Exchange Rates End
ExchangeRatesEnd
1
CY2021 licn Exchange Rates End
ExchangeRatesEnd
1
CY2021 us-gaap Regulated Operating Revenue
RegulatedOperatingRevenue
34295 usd
CY2020 us-gaap Regulated Operating Revenue
RegulatedOperatingRevenue
30667 usd
CY2021 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
660000 usd
CY2020 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
810000 usd
CY2022Q4 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P3Y
CY2021Q4 licn Unbilled Receivables
UnbilledReceivables
403000 usd
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2022Q4 licn Totalr Receivables
TotalrReceivables
3545000 usd
CY2021Q4 licn Totalr Receivables
TotalrReceivables
3942000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
70000.00 usd
CY2022Q4 licn Value Added Tax
ValueAddedTax
0.17 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.50 pure
CY2022Q4 licn Tax Profit
TaxProfit
0.10 pure
CY2022 us-gaap Public Utilities Approved Equity Capital Structure Percentage
PublicUtilitiesApprovedEquityCapitalStructurePercentage
0.50 pure
CY2022 us-gaap Advertising Expense
AdvertisingExpense
1430000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
1350000 usd
CY2020 us-gaap Advertising Expense
AdvertisingExpense
1100000 usd
CY2022 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
650000 usd
CY2022Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
22599000 usd
CY2021Q4 us-gaap Cash Cash Equivalents And Short Term Investments
CashCashEquivalentsAndShortTermInvestments
16845000 usd
CY2022Q4 licn Accounts Receivables
AccountsReceivables
3117000 usd
CY2021Q4 licn Accounts Receivables
AccountsReceivables
3539000 usd
CY2022Q4 licn Unbilled Receivables
UnbilledReceivables
428000 usd
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2022 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
675000 usd
CY2021 us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
2196000 usd
CY2022Q4 us-gaap Supplies
Supplies
275000 usd
CY2021Q4 us-gaap Supplies
Supplies
290000 usd
CY2022Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
46000 usd
CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
46000 usd
CY2022Q4 licn Total Prepaid Expenses And Other Current Assets
TotalPrepaidExpensesAndOtherCurrentAssets
996000 usd
CY2021Q4 licn Total Prepaid Expenses And Other Current Assets
TotalPrepaidExpensesAndOtherCurrentAssets
2532000 usd
CY2022Q4 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
0.17 usd
CY2022Q4 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
1200000 cny
CY2022Q4 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
500000 usd
CY2022Q4 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
3500000 cny
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
16887000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18171000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3589000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3234000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13298000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14937000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
11689000 usd
CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
9631000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7167000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5763000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4522000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3868000 usd
CY2022 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
1940000 usd
CY2021 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
1770000 usd
CY2020 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
1420000 usd
CY2022 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
20000.00 usd
CY2021 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
20000.00 usd
CY2020 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
20000.00 usd
CY2022 us-gaap Present Value Of Future Insurance Profits Weighted Average Amortization Period
PresentValueOfFutureInsuranceProfitsWeightedAverageAmortizationPeriod
P5Y3M3D
CY2021 us-gaap Present Value Of Future Insurance Profits Weighted Average Amortization Period
PresentValueOfFutureInsuranceProfitsWeightedAverageAmortizationPeriod
P5Y3M10D
CY2020 us-gaap Present Value Of Future Insurance Profits Weighted Average Amortization Period
PresentValueOfFutureInsuranceProfitsWeightedAverageAmortizationPeriod
P5Y14D
CY2022Q4 us-gaap Other Deferred Costs Gross
OtherDeferredCostsGross
266000 usd
CY2022Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
64000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
202000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
202000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
88000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
184000 usd
CY2022Q4 licn Total Leases
TotalLeases
272000 usd
CY2022Q4 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.035 pure
CY2022Q4 licn Lessee Operating Lease Liability Payment Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentDueNextTwelveMonths
93330000 usd
CY2022Q4 licn Lessee Operating Lease Liability Payment Due Year Two
LesseeOperatingLeaseLiabilityPaymentDueYearTwo
186658000 usd
CY2022Q4 licn Total Undiscounted Cash Flows
TotalUndiscountedCashFlows
279988000 usd
CY2022Q4 licn Total Financing Lease Liabilities
TotalFinancingLeaseLiabilities
271650000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
8338000 usd
CY2022 us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.035 pure
CY2022Q4 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P2Y3M
CY2022 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
815000 usd
CY2021 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
588000 usd
CY2020 us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
776000 usd
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.287 pure
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
usd
CY2020 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
usd
CY2022Q4 us-gaap Due From Related Parties
DueFromRelatedParties
1078000 usd
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
106000 usd
CY2021Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
1782000 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1021000 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1110000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
680000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
169000 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
1701000 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
3061000 usd
CY2022 licn Schedule Of Unearned Revenue
ScheduleOfUnearnedRevenue
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</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="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">In thousands of USD</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: justify; padding-bottom: 1.5pt">Unearned revenue</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">1,146</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">1,273</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: justify; padding-bottom: 4pt">Total</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">1,146</td><td style="padding-bottom: 4pt; 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">1,273</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"> </p>
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
1146000 usd
CY2021 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
1273000 usd
CY2022Q4 licn Unearned Revenues
UnearnedRevenues
1146000 usd
CY2021Q4 licn Unearned Revenues
UnearnedRevenues
1273000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1273 usd
CY2021Q4 licn Common Stock Value1
CommonStockValue1
usd
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22500000 shares
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
367000 usd
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
434000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
280000 usd
CY2021Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
320000 usd
CY2022 us-gaap Taxes Other
TaxesOther
411000 usd
CY2021 us-gaap Taxes Other
TaxesOther
449000 usd
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
1058000 usd
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
1203000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
0.165 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2924000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3052000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2589000 usd
CY2022Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
2924000 usd
CY2021Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
3052000 usd
CY2020Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
2589000 usd
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
CY2020 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 Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.001 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.001 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.005 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciationAndAmortization
0.006 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciationAndAmortization
0.006 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Depreciation And Amortization
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseDepreciationAndAmortization
0.006 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.008 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.011 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.026 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.265 pure
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.268 pure
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1200000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1400000 usd
CY2022Q4 us-gaap Tax Credit Carryforward Valuation Allowance
TaxCreditCarryforwardValuationAllowance
1200000 usd
CY2021Q4 us-gaap Tax Credit Carryforward Valuation Allowance
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Write Off Of Deferred Debt Issuance Cost
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CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1400000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Loss Reserves
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CY2022 us-gaap Deferred Tax Expense From Stock Options Exercised
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CY2021 us-gaap Deferred Tax Expense From Stock Options Exercised
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 licn Tax
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CY2022 licn Capital Tax
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 licn Purchase Of Intangible Assets Prepaid In Prior Year
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