$LICN
Lichen China Ltd

2023 Q4 Form 20-F Financial Statement

#000121390024030414 Filed on April 04, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $23.83M $39.76M $33.81M
YoY Change -29.5% 17.61% -1.43%
Cost Of Revenue $9.341M $15.44M $13.61M
YoY Change -31.38% 13.41% -1.5%
Gross Profit $14.49M $24.32M $20.19M
YoY Change -28.23% 20.44% -1.38%
Gross Profit Margin 60.81% 61.17% 59.73%
Selling, General & Admin $5.085M $11.36M $9.544M
YoY Change -46.72% 19.04% 4.0%
% of Gross Profit 35.09% 46.71% 47.27%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.285M $2.831M $1.901M
YoY Change -32.4% 334.87% -22.28%
% of Gross Profit 8.87% 11.64% 9.41%
Operating Expenses $5.085M $12.06M $9.544M
YoY Change -46.72% 26.37% 4.0%
Operating Profit $9.407M $12.26M $10.65M
YoY Change -11.65% 15.13% -5.75%
Interest Expense $15.00K $38.00K $60.00K
YoY Change -75.0% -36.67% 114.29%
% of Operating Profit 0.16% 0.31% 0.56%
Other Income/Expense, Net $13.00K -$709.0K $34.00K
YoY Change -61.76% -2185.29% -81.91%
Pretax Income $9.435M $11.59M $10.74M
YoY Change -12.17% 7.88% -6.7%
Income Tax $2.454M $3.250M $2.924M
% Of Pretax Income 26.01% 28.05% 27.22%
Net Earnings $6.981M $8.338M $7.818M
YoY Change -10.71% 6.65% -7.61%
Net Earnings / Revenue 29.29% 20.97% 23.13%
Basic Earnings Per Share $0.32
Diluted Earnings Per Share $0.26 $0.32 $0.35
COMMON SHARES
Basic Shares Outstanding 26.07M shares
Diluted Shares Outstanding 26.07M shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $25.86M $25.86M $22.60M
YoY Change 14.41% 14.41% 34.16%
Cash & Equivalents $25.86M $22.60M
Short-Term Investments
Other Short-Term Assets $9.725M $9.725M $996.0K
YoY Change 876.41% 876.41% -60.66%
Inventory $87.00K $87.00K $127.0K
Prepaid Expenses
Receivables $4.463M $4.463M $3.545M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $40.13M $40.13M $27.27M
YoY Change 47.18% 47.18% 14.15%
LONG-TERM ASSETS
Property, Plant & Equipment $14.76M $14.76M $13.30M
YoY Change 10.96% 9.3% -10.97%
Goodwill
YoY Change
Intangibles $6.028M $4.522M
YoY Change 33.3% 16.91%
Long-Term Investments
YoY Change
Other Assets $4.631M $4.631M $141.0K
YoY Change 3184.4% 274.68% -43.6%
Total Long-Term Assets $25.41M $25.41M $19.26M
YoY Change 31.97% 31.97% 1.07%
TOTAL ASSETS
Total Short-Term Assets $40.13M $40.13M $27.27M
Total Long-Term Assets $25.41M $25.41M $19.26M
Total Assets $65.55M $65.55M $46.53M
YoY Change 40.88% 40.88% 8.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $61.00K $61.00K $161.0K
YoY Change -62.11% -62.11% 30.89%
Accrued Expenses $1.319M $1.319M $1.701M
YoY Change -22.46% 18.94% -44.43%
Deferred Revenue $1.034M $1.146M
YoY Change -9.77%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $4.091M $4.091M $5.232M
YoY Change -21.81% -21.81% -14.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $34.00K $34.00K $184.0K
YoY Change -81.52% -81.52%
Total Long-Term Liabilities $34.00K $34.00K $184.0K
YoY Change -81.52% -81.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.091M $4.091M $5.232M
Total Long-Term Liabilities $34.00K $34.00K $184.0K
Total Liabilities $4.125M $4.125M $5.416M
YoY Change -23.84% -23.84%
SHAREHOLDERS EQUITY
Retained Earnings $48.22M $40.83M
YoY Change 18.1% 23.68%
Common Stock $2.301M
YoY Change 230000.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $61.42M $61.42M $41.11M
YoY Change
Total Liabilities & Shareholders Equity $65.55M $65.55M $46.53M
YoY Change 40.88% 40.88% 8.34%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $6.981M $8.338M $7.818M
YoY Change -10.71% 6.65% -7.61%
Depreciation, Depletion And Amortization $1.285M $2.831M $1.901M
YoY Change -32.4% 334.87% -22.28%
Cash From Operating Activities $681.0K $557.0K $5.583M
YoY Change -87.8% -94.83% -23.56%
INVESTING ACTIVITIES
Capital Expenditures $4.435M $5.267M $1.886M
YoY Change 135.15% 85.33% 6635.71%
Acquisitions
YoY Change
Other Investing Activities $10.42M -$4.598M $0.00
YoY Change -100.0%
Cash From Investing Activities $5.987M -$9.865M -$1.886M
YoY Change -417.44% 247.11% -436.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $14.10M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 14.10M 12.00K
YoY Change -100.0% -4411.31%
NET CHANGE
Cash From Operating Activities 681.0K 557.0K 5.583M
Cash From Investing Activities 5.987M -9.865M -1.886M
Cash From Financing Activities 0.000 14.10M 12.00K
Net Change In Cash 6.668M 4.790M 3.709M
YoY Change 79.78% -16.75% -52.84%
FREE CASH FLOW
Cash From Operating Activities $681.0K $557.0K $5.583M
Capital Expenditures $4.435M $5.267M $1.886M
Free Cash Flow -$3.754M -$4.710M $3.697M
YoY Change -201.54% -159.44% -49.19%

Facts In Submission

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Lichen China Limited
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-45000 usd
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
131000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-38000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-11000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
126000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
557000 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
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
3204000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1950000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
28000 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2063000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
892000 usd
CY2023 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
4598000 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
589000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9865000 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
CY2022 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
327000 usd
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
14098000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14098000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-327000 usd
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1533000 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
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3257000 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
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
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8665000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
25856000 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
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2630000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2955000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2976000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
1000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
15000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
23000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
266000 usd
CY2023 licn Purchase Of Intangible Assets Prepaid
PurchaseOfIntangibleAssetsPrepaid
667000 usd
CY2022 licn Purchase Of Intangible Assets Prepaid
PurchaseOfIntangibleAssetsPrepaid
2081000 usd
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 Temporary Equity Shares Subscribed But Unissued
TemporaryEquitySharesSubscribedButUnissued
5000000 shares
CY2021Q2 licn Authorized Share Capital1
AuthorizedShareCapital1
50000000 usd
CY2023 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.
CY2023Q1 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
14098140000 usd
CY2023 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; 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>
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
3430000 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
2000000 usd
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1540000 usd
CY2023Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1 pure
CY2023 licn Exchange Rates End
ExchangeRatesEnd
1
CY2022 licn Exchange Rates End
ExchangeRatesEnd
1
CY2023 licn Exchange Rates End
ExchangeRatesEnd
1
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2023Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
4463215000 usd
CY2022 licn Exchange Rates End
ExchangeRatesEnd
1
CY2023 licn Exchange Rates End
ExchangeRatesEnd
1
CY2022 licn Exchange Rates End
ExchangeRatesEnd
1
CY2023 licn Exchange Rates End
ExchangeRatesEnd
1
CY2022 licn Exchange Rates End
ExchangeRatesEnd
1
CY2023 us-gaap Revenue Recognition Leases Operating
RevenueRecognitionLeasesOperating
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Operating leases</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company, through its subsidiary, leases its office, which are classified as operating leases in accordance with ASC 842. Operating leases are required to record in the balance sheet as right-of-use assets and lease liabilities, initially measured at the present value of the lease payments. The Company has elected the package of practical expedients, which allows the Company not to reassess (1) whether any expired or existing contracts as of the adoption date are or contain a lease, (2) lease classification for any expired or existing leases as of the adoption date, and (3) initial direct costs for any expired or existing leases as of the adoption date. The Company elected the short-term lease exemption for the lease terms that are 12 months or less.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange of a consideration. To assess whether a contract is or contains a lease, the Company assesses whether the contract involves the use of an identified asset, whether it has the right to obtain substantially all the economic benefits from the use of the asset and whether it has the right to control the use of the asset. The right-of-use assets and related lease liabilities are recognized at the lease commencement date. The Company recognizes operating lease expenses on a straight-line basis over the lease term and had no finance leases for any of the periods stated herein.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The right-of-use of asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and less any lease incentive received. All right-of-use assets are reviewed for impairment annually. There was no impairment for right-of-use assets as of December 31, 2023 and 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2023 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
39759000 usd
CY2022 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
33805000 usd
CY2021 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
34295000 usd
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 pure
CY2023Q4 licn Value Added Tax
ValueAddedTax
0.13 pure
CY2023 licn Uncertain Tax Position Percentage To Be Realized
UncertainTaxPositionPercentageToBeRealized
0.50 pure
CY2023Q4 licn Tax Profit
TaxProfit
0.10 pure
CY2023 licn Statutory Reserve Percentage Of Registered Capital
StatutoryReservePercentageOfRegisteredCapital
0.50 pure
CY2023 us-gaap Advertising Expense
AdvertisingExpense
2370000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
1430000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
1350000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25856000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22599000 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
3659000 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
3117000 usd
CY2023Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
804000 usd
CY2022Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
428000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4463000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3545000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
5648000 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
675000 usd
CY2023Q4 us-gaap Supplies
Supplies
11000 usd
CY2022Q4 us-gaap Supplies
Supplies
275000 usd
CY2023Q4 licn Prepayments To Potential Companies
PrepaymentsToPotentialCompanies
3000000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1000000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
66000 usd
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
46000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
9725000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
996000 usd
CY2023Q1 us-gaap Payments For Deposits
PaymentsForDeposits
3000000 usd
CY2023Q2 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
25000000 cny
CY2023Q4 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
15000000 cny
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
18896000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
16887000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4270000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3589000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
14626000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13298000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
15345000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
11689000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
9317000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7167000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6028000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4522000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1638000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1549000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1336000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1005000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
500000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6028000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
129000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
202000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
95000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
88000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
184000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
129000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
272000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
92000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
72000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
6000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
98000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
35000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
133000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
129000 usd
CY2022Q4 us-gaap Loans Payable
LoansPayable
1078000 usd
CY2023Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1224000 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
1021000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
88000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
680000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1312000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1701000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1034000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1146000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1034000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1146000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1150000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1270000 usd
CY2023Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
978000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
367000 usd
CY2023Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
154000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
280000 usd
CY2023Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
457000 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
411000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1589000 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
1058000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3250000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2924000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3052000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3250000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2924000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3052000 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
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.01 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.001 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.001 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
0.006 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
0.006 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Meals And Entertainment
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseMealsAndEntertainment
0.006 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.014 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
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.28 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
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
972000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1200000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
972000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1200000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1200000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1400000 usd
CY2023 licn Deferred Tax Asset Writeoff
DeferredTaxAssetWriteoff
392000 usd
CY2022 licn Deferred Tax Asset Writeoff
DeferredTaxAssetWriteoff
293000 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
164000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
93000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
972000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1200000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Loss Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLossReserves
3550000 usd
CY2023Q4 licn Share Capital Authorized
ShareCapitalAuthorized
50000000 usd
CY2023Q1 us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
14098140000 usd
CY2023 licn Surplus Reserve Tax Rate
SurplusReserveTaxRate
0.10 pure
CY2023 licn Statutory Reserves Fund
StatutoryReservesFund
0.50 pure
CY2023Q4 us-gaap Surplus Notes
SurplusNotes
1740000 usd
CY2022Q4 us-gaap Surplus Notes
SurplusNotes
790000 usd
CY2023 licn Tax
Tax
0.10 pure
CY2023 licn Capital Tax
CapitalTax
0.50 pure
CY2023Q4 us-gaap Cash
Cash
22130000 usd
CY2022Q4 us-gaap Cash
Cash
22600000 usd
CY2023 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22500000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
22500000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26072603 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.38
CY2023 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
usd
CY2021 us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
usd
CY2023 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
CY2022 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
usd
CY2021 us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
usd
CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
usd
CY2023 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
usd
CY2021 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2021 licn Purchase Of Intangible Assets Prepaid
PurchaseOfIntangibleAssetsPrepaid
usd
CY2022Q4 licn Prepayments To Potential Companies
PrepaymentsToPotentialCompanies
usd
CY2022Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
usd
CY2023Q2 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
3530000 usd
CY2023Q4 us-gaap Payments For Other Deposits
PaymentsForOtherDeposits
2120000 usd
CY2023Q4 us-gaap Loans Payable
LoansPayable
usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001876766

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