2023 Q1 Form 10-K Financial Statement

#000182912623002347 Filed on March 29, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $17.83M $619.2M $87.13M
YoY Change
Cost Of Revenue $12.88M $484.5M $68.18M
YoY Change -28.3% 39.38%
Gross Profit $4.956M $134.7M $18.95M
YoY Change -8.16% -42.77%
Gross Profit Margin 27.79% 21.75% 21.75%
Selling, General & Admin $1.017M $40.50M $5.132M
YoY Change 25.72% -2.77%
% of Gross Profit 20.53% 30.07% 27.08%
Research & Development $5.227M $99.00M $13.93M
YoY Change 63.19% -16.05%
% of Gross Profit 105.47% 73.5% 73.49%
Depreciation & Amortization $107.2K $9.250M $1.375M
YoY Change -68.78% -3.64% -7.61%
% of Gross Profit 2.16% 6.87% 7.25%
Operating Expenses $6.369M $137.0M $26.81M
YoY Change 3699.4% 89325.59% 3315.18%
Operating Profit -$1.413M -$2.300M -$7.861M
YoY Change -220.09% -197.66%
Interest Expense $800.0K -$3.000M $1.100M
YoY Change -13024.07% 15590.38% -4126.35%
% of Operating Profit
Other Income/Expense, Net $153.5K $2.247M $375.9K
YoY Change -155.43% -27.7%
Pretax Income -$1.260M -$54.90M -$7.485M
YoY Change 624.74% 31759.33% 821.31%
Income Tax $5.239K -$4.000M -$564.8K
% Of Pretax Income
Net Earnings -$1.265M -$51.20M -$6.964M
YoY Change 627.75% 29612.16% 757.15%
Net Earnings / Revenue -7.09% -8.27% -7.99%
Basic Earnings Per Share -$11.75
Diluted Earnings Per Share -$0.20 -$1.28 -$1.18
COMMON SHARES
Basic Shares Outstanding 43.86M shares 6.050M shares 3.986M shares
Diluted Shares Outstanding 3.986M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $144.3M $294.8M $294.8M
YoY Change 503213.57% 918566.25% 918566.25%
Cash & Equivalents $21.01M $42.75M $294.8M
Short-Term Investments
Other Short-Term Assets $247.2M $65.30M $65.30M
YoY Change 390450.24% 390450.24%
Inventory $130.5K $900.0K
Prepaid Expenses $10.18M $3.723M
Receivables $1.649M $2.602M $17.90M
Other Receivables $400.0K $1.900M $1.900M
Total Short-Term Assets $58.72M $55.21M $380.8M
YoY Change 204710.08% 113020.36% 780068.0%
LONG-TERM ASSETS
Property, Plant & Equipment $133.9K $145.3K $2.000M
YoY Change 97.62%
Goodwill $15.47M $15.26M
YoY Change -30.47%
Intangibles
YoY Change
Long-Term Investments $174.6K $172.3K $1.200M
YoY Change -99.63% -99.63% -97.42%
Other Assets $16.78M $16.73M $1.300M
YoY Change 7628582.73% 7604790.45% 590809.09%
Total Long-Term Assets $16.92M $16.88M $116.4M
YoY Change -63.84% -63.68% 150.49%
TOTAL ASSETS
Total Short-Term Assets $58.72M $55.21M $380.8M
Total Long-Term Assets $16.92M $16.88M $116.4M
Total Assets $75.64M $72.09M $497.2M
YoY Change 61.59% 54.96% 968.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.40M $14.10M $14.10M
YoY Change
Accrued Expenses $1.100M $1.000M $1.000M
YoY Change 1447.99% 968.83% 968.83%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.414M $4.803M $33.10M
YoY Change 813.48% 928.62% 6988.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $400.0K $200.0K $200.0K
YoY Change -74.52% -87.18% -87.18%
Total Long-Term Liabilities $400.0K $200.0K $200.0K
YoY Change -74.52% -87.18% -87.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.414M $4.803M $33.10M
Total Long-Term Liabilities $400.0K $200.0K $200.0K
Total Liabilities $8.721M $5.075M $36.80M
YoY Change 250.07% 150.39% 1715.51%
SHAREHOLDERS EQUITY
Retained Earnings $17.88M $19.14M
YoY Change -1067.05%
Common Stock $43.86K $43.86K
YoY Change 2924.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $66.67M $66.76M $460.4M
YoY Change
Total Liabilities & Shareholders Equity $75.64M $72.09M $497.2M
YoY Change 61.59% 54.96% 968.83%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$1.265M -$51.20M -$6.964M
YoY Change 627.75% 29612.16% 757.15%
Depreciation, Depletion And Amortization $107.2K $9.250M $1.375M
YoY Change -68.78% -3.64% -7.61%
Cash From Operating Activities -$2.762M $15.63M $1.955M
YoY Change 1492.46% -13853.96% -361.33%
INVESTING ACTIVITIES
Capital Expenditures $54.46K $1.080M $160.9K
YoY Change -70.68% 365.52% 346.88%
Acquisitions
YoY Change
Other Investing Activities -$1.390M $28.79M $19.68M
YoY Change 934640.26% -142.36%
Cash From Investing Activities -$256.9K $27.71M $2.764M
YoY Change 899575.32% -105.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$19.61M -27.79M -$2.423M
YoY Change -11636.53% -19950.0% -105.13%
NET CHANGE
Cash From Operating Activities -$2.762M 15.63M $1.955M
Cash From Investing Activities -$256.9K 27.71M $2.764M
Cash From Financing Activities -$19.61M -27.79M -$2.423M
Net Change In Cash -$21.74M 15.55M $26.48K
YoY Change 52719.29% -16.88%
FREE CASH FLOW
Cash From Operating Activities -$2.762M $15.63M $1.955M
Capital Expenditures $54.46K $1.080M $160.9K
Free Cash Flow -$2.816M $14.55M $1.794M
YoY Change 684.1% -4309.58% -328.81%

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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2021 us-gaap Net Income Loss
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2021 us-gaap Other Comprehensive Income Loss Tax
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CY2022 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
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CY2021 mlgo Weighted Average Number Of Ordinary Shares Outstandingbasic And Diluted
WeightedAverageNumberOfOrdinarySharesOutstandingbasicAndDiluted
39603961 shares
CY2022 mlgo Weighted Average Number Of Ordinary Shares Outstandingbasic And Diluted
WeightedAverageNumberOfOrdinarySharesOutstandingbasicAndDiluted
39860291 shares
CY2021 mlgo Earnings Per Ordinary Share Basic And Diluted
EarningsPerOrdinaryShareBasicAndDiluted
0.22
CY2022 mlgo Earnings Per Ordinary Share Basic And Diluted
EarningsPerOrdinaryShareBasicAndDiluted
-0.17
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
49010911 usd
CY2021 mlgo Noncontrolling Interests Acquired
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51 usd
CY2021 us-gaap Profit Loss
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CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Noncontrolling Interest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 mlgo Disposal Of Noncontrolling Interest
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CY2022 mlgo Shares Issued In Connection With Reverse Recapitalization
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Depreciation Depletion And Amortization
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CY2022 us-gaap Depreciation Depletion And Amortization
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CY2021 mlgo Provision For Doubtful Account
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CY2022 mlgo Provision For Doubtful Account
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CY2021 us-gaap Deferred Income Taxes And Tax Credits
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CY2022 mlgo Loss From Short Term Investment
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CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2021 us-gaap Goodwill Impairment Loss Net Of Tax
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2861000 usd
CY2022 us-gaap Goodwill Impairment Loss Net Of Tax
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CY2022 us-gaap Asset Impairment Charges
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CY2022 us-gaap Gain Or Loss On Sale Of Stock In Subsidiary
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CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
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CY2021 us-gaap Amortization Of Debt Discount Premium
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CY2022 mlgo Change In Fair Value Of Warrant Liability
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CY2021 mlgo Change In Fair Value Of Business Acquisition Payables
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Prepaid Expense
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CY2022 us-gaap Increase Decrease In Prepaid Expense
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CY2021 us-gaap Increase Decrease In Other Receivables
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CY2022 us-gaap Increase Decrease In Other Receivables
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CY2021 us-gaap Increase Decrease In Inventories
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CY2022 us-gaap Increase Decrease In Inventories
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CY2021 mlgo Increase Decrease In Prepaid Expenses And Deposits
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CY2022 mlgo Increase Decrease In Prepaid Expenses And Deposits
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CY2021 us-gaap Increase Decrease In Accounts Payable Trade
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CY2022 us-gaap Increase Decrease In Accounts Payable Trade
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CY2021 us-gaap Increase Decrease In Deferred Revenue
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CY2022 us-gaap Increase Decrease In Deferred Revenue
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CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
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CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-124450 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-137126 usd
CY2021 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-693806 usd
CY2022 us-gaap Increase Decrease In Income Taxes
IncreaseDecreaseInIncomeTaxes
-56804 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
15272446 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1955358 usd
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
16011638 usd
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
16323138 usd
CY2021 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
16011638 usd
CY2022 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
16164918 usd
CY2021 mlgo Payment Of Cost Method Investment
PaymentOfCostMethodInvestment
93002 usd
CY2022 mlgo Payment Of Cost Method Investment
PaymentOfCostMethodInvestment
89205 usd
CY2021 us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
3100054 usd
CY2021 mlgo Proceeds From Cash Received From Acquisition
ProceedsFromCashReceivedFromAcquisition
25054 usd
CY2022 mlgo Proceeds From Cash Received From Acquisition
ProceedsFromCashReceivedFromAcquisition
302 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
36010 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
160923 usd
CY2021 mlgo Loan To Third Party
LoanToThirdParty
-3279857 usd
CY2022 mlgo Loan To Third Party
LoanToThirdParty
3172000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6483869 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2763954 usd
CY2022 mlgo Advance To Parent
AdvanceToParent
5741573 usd
CY2021 mlgo Repayment To Parent
RepaymentToParent
4485078 usd
CY2022 mlgo Repayment To Parent
RepaymentToParent
29891621 usd
CY2021 mlgo Proceeds From Parent
ProceedsFromParent
3192813 usd
CY2022 mlgo Proceeds From Parent
ProceedsFromParent
12548920 usd
CY2021 mlgo Deferred Merger Costs
DeferredMergerCosts
556567 usd
CY2021 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
1182468 usd
CY2021 mlgo Payments To Banking Facility
PaymentsToBankingFacility
3182468 usd
CY2021 mlgo Proceeds From Loan Related Party
ProceedsFromLoanRelatedParty
870518 usd
CY2021 mlgo Payments To Loan Related Party
PaymentsToLoanRelatedParty
870518 usd
CY2022 mlgo Cash Received From Recapitalization Of Microalgo
CashReceivedFromRecapitalizationOfMicroalgo
20661356 usd
CY2021 mlgo Capital Contribution From Noncontrolling Interests
CapitalContributionFromNoncontrollingInterests
51 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3848781 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2422918 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
675890 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2269919 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5615686 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26475 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
37104109 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42719795 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42719795 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42746270 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
675478 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
185906 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
17536 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
2992 usd
CY2022 mlgo Deferred Offering Cost To Offset Proceed From Recapitailzation
DeferredOfferingCostToOffsetProceedFromRecapitailzation
548586 usd
CY2021 mlgo Operating Lease Rightofuse Assets Obtained In Exchange For Operating Lease Liabilities
OperatingLeaseRightofuseAssetsObtainedInExchangeForOperatingLeaseLiabilities
96398 usd
CY2022 mlgo Operating Lease Rightofuse Assets Obtained In Exchange For Operating Lease Liabilities
OperatingLeaseRightofuseAssetsObtainedInExchangeForOperatingLeaseLiabilities
110352 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_zdwpCaXgVDmc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_861_zBmNxOMSW5N3">Use of estimates and assumptions</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives of property and equipment and intangible assets, impairment of long-lived assets and goodwill, allowance for doubtful accounts, provision for contingent liabilities, revenue recognition, right-of-use assets and lease liabilities, deferred taxes and uncertain tax position, the fair value of contingent consideration related to business acquisitions and allocation of expenses from the Parent and Beijing WiMi. Actual results could differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q4 mlgo Accumulated Other Comprehensive Income
AccumulatedOtherComprehensiveIncome
2895054 usd
CY2022Q4 mlgo Accumulated Other Comprehensive Income
AccumulatedOtherComprehensiveIncome
1622503 usd
CY2022Q4 mlgo Allowance For Prepaid Services Fees
AllowanceForPrepaidServicesFees
0 usd
CY2022Q4 mlgo Vehicles Gross
VehiclesGross
172507 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
225858 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2021Q4 mlgo Allowance For Inventories
AllowanceForInventories
0 usd
CY2022Q4 mlgo Allowance For Inventories
AllowanceForInventories
0 usd
CY2021Q4 mlgo Allowance For Prepaid Services Fees
AllowanceForPrepaidServicesFees
0 usd
CY2021Q4 mlgo Allowance For Other Receivables And Prepaid Expenses
AllowanceForOtherReceivablesAndPrepaidExpenses
0 usd
CY2022Q4 mlgo Allowance For Other Receivables And Prepaid Expenses
AllowanceForOtherReceivablesAndPrepaidExpenses
0 usd
CY2021 us-gaap Receivable With Imputed Interest Effective Yield Interest Rate
ReceivableWithImputedInterestEffectiveYieldInterestRate
0.0385 pure
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0 usd
CY2022Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
0 usd
CY2021 us-gaap Revenues
Revenues
82035289 usd
CY2022 us-gaap Revenues
Revenues
87132230 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
0 usd
CY2021 us-gaap Revenues
Revenues
82035289 usd
CY2022 us-gaap Revenues
Revenues
87132230 usd
CY2021 us-gaap Revenues
Revenues
82035289 usd
CY2022 us-gaap Revenues
Revenues
87132230 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
279 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
0 usd
CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
16300000 usd
CY2021 mlgo Government Subsidies
GovernmentSubsidies
45378 usd
CY2022 mlgo Government Subsidies
GovernmentSubsidies
184778 usd
CY2021 mlgo Input Vat Credit
InputVatCredit
260149 usd
CY2022 mlgo Input Vat Credit
InputVatCredit
73415 usd
CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
100000 usd
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
15700000 usd
CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
16000000.0 usd
CY2021 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
300000 usd
CY2021Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
75655 usd
CY2021 us-gaap Labor And Related Expense
LaborAndRelatedExpense
213314 usd
CY2022 us-gaap Labor And Related Expense
LaborAndRelatedExpense
278978 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
242406 usd
CY2022Q4 us-gaap Minority Interest
MinorityInterest
255655 usd
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022 mlgo Weighted Average Shares Outstanding
WeightedAverageSharesOutstanding
43856706 shares
CY2022 mlgo Venus Shares Issued To Joyous Jd Limited
VenusSharesIssuedToJoyousJdLimited
214000 shares
CY2022 mlgo Venus Shares Issued To Underwriter
VenusSharesIssuedToUnderwriter
75000 shares
CY2022 mlgo Reverse Capitalization Description
ReverseCapitalizationDescription
MicroAlgo has 4,825,000 warrants issued and outstanding, consisting of (i) 4,600,000 warrants held by previous public investors of Venus; and (ii) 225,000 warrants held by the Sponsor of Venus.
CY2022 mlgo Schedule Of Consummation Of Merger Table Textblock
ScheduleOfConsummationOfMergerTableTextblock
<table cellpadding="0" cellspacing="0" id="xdx_882_ecustom--ScheduleOfConsummationOfMergerTableTextblock_zfLLzbnlAQYc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Reverse Recapitalization (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left"><span id="xdx_8BA_zrNkuWHnQUz4" style="display: none">Schedule of consummation of Merger</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49B_20220101__20221231_zkIZt9NOcDh4" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--VenusPublicSharesAfterRedemption_i_pdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; width: 88%; text-align: left">Venus public shares after redemption</td> <td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 9%; text-align: right">2,106,245</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--VenusSharesConvertedFromRights_i_pdd" style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Venus shares converted from rights</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">482,500</td> <td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--VenusSponsorShares_i_pdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Venus Sponsor shares</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,375,000</td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--VenusSharesIssuedToUnderwriter_i_pdd" style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Venus shares issued to underwriter</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">75,000</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--VenusSharesIssuedInBusinessCombination_i_pdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Venus shares issued in the Business Combination</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">39,603,961</td> <td style="text-align: left"> </td></tr> <tr id="xdx_401_ecustom--VenusSharesIssuedToJoyousJdLimited_i_pdd" style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Venus shares issued to Joyous JD Limited</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">214,000</td> <td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--WeightedAverageSharesOutstanding_i_pdd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Weighted average shares outstanding</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">43,856,706</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--PercentOfSharesOwnedByViyiShareholders_dp_zLef8y5GjsQk" style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Percent of shares owned by VIYI shareholders</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">90.3</td> <td style="text-align: left">%</td></tr> <tr id="xdx_40A_ecustom--PercentOfSharesOwnedByUnderwriter_dp_zd2o7HhyNRL6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Percent of shares owned by underwriter</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">0.17</td> <td style="text-align: left">%</td></tr> <tr id="xdx_405_ecustom--PercentOfSharesOwnedByVenus_dp_zmHHbvVJ6rW6" style="vertical-align: bottom; background-color: White"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Percent of shares owned by Venus</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">9.04</td> <td style="text-align: left">%</td></tr> <tr id="xdx_40E_ecustom--PercentOfSharesOwnedByJoyousJdLimited_dp_zudbOjHvuEgg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; text-indent: -0.125in; padding-left: 0.125in; text-align: left">Percent of shares owned by Joyous JD limited</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">0.49</td> <td style="text-align: left">%</td></tr> </table>
CY2022 mlgo Venus Public Shares After Redemption
VenusPublicSharesAfterRedemption
2106245 shares
CY2022 mlgo Venus Shares Converted From Rights
VenusSharesConvertedFromRights
482500 shares
CY2022 mlgo Venus Sponsor Shares
VenusSponsorShares
1375000 shares
CY2022 mlgo Venus Shares Issued To Underwriter
VenusSharesIssuedToUnderwriter
75000 shares
CY2022 mlgo Venus Shares Issued In Business Combination
VenusSharesIssuedInBusinessCombination
39603961 shares
CY2022 mlgo Venus Shares Issued To Joyous Jd Limited
VenusSharesIssuedToJoyousJdLimited
214000 shares
CY2022 mlgo Weighted Average Shares Outstanding
WeightedAverageSharesOutstanding
43856706 shares
CY2022 mlgo Percent Of Shares Owned By Viyi Shareholders
PercentOfSharesOwnedByViyiShareholders
0.903 pure
CY2022 mlgo Percent Of Shares Owned By Underwriter
PercentOfSharesOwnedByUnderwriter
0.0017 pure
CY2022 mlgo Percent Of Shares Owned By Venus
PercentOfSharesOwnedByVenus
0.0904 pure
CY2022 mlgo Percent Of Shares Owned By Joyous Jd Limited
PercentOfSharesOwnedByJoyousJdLimited
0.0049 pure
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Adjustment For Amortization
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Investments
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CY2022Q4 us-gaap Investments
Investments
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GoodwillImpairmentLoss
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Goodwill
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CY2022Q4 us-gaap Goodwill
Goodwill
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CY2022Q4 mlgo Amount Due From Parents
AmountDueFromParents
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ProceedsFromRelatedPartyDebt
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ProceedsFromRelatedPartyDebt
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IncomeTaxExpenseBenefit
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EffectiveIncomeTaxRateReconciliationTaxRateDifferenceOutsideChina1
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EffectiveIncomeTaxRateReconciliationPermanentDifference
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EffectiveIncomeTaxRateReconciliationPermanentDifference
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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EffectiveIncomeTaxRateContinuingOperations
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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DeferredTaxAssetsOperatingLossCarryforwards
1832369 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
69111 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
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CY2021Q4 mlgo Deferred Taxes Assets Liabilities Net
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CY2021 us-gaap Income Tax Examination Penalties And Interest Expense
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CY2021Q4 mlgo Vat Taxes Payable
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OtherTaxesPayable
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OtherTaxesPayable
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CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
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CY2022Q4 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
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CY2022Q4 us-gaap Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
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OperatingLeaseRightOfUseAsset
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OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y
CY2021 us-gaap Short Term Lease Cost
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RentExpenses
239983 usd
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ImpairmentLessorAssetUnderOperatingLease
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LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2021Q1 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
4600000 shares
CY2021Q1 us-gaap Common Stock Voting Rights
CommonStockVotingRights
Each Unit consists of one ordinary share, par value $0.001 per share (“Share”), one warrant (“Warrant”) entitling its holder to purchase one-half of one Share at a price of $11.50 per Share, and one right to receive one-tenth (1/10) of one Share upon the consummation of the Company’s initial business combination.
CY2021Q4 mlgo Retained Earnings For Statutory Reserves
RetainedEarningsForStatutoryReserves
1420145 usd
CY2022Q4 mlgo Retained Earnings For Statutory Reserves
RetainedEarningsForStatutoryReserves
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CY2022Q4 mlgo Retained Earnings For Statutory Reserves
RetainedEarningsForStatutoryReserves
1798310 usd
CY2021Q4 mlgo Statutory Reserve
StatutoryReserve
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CY2022Q4 mlgo Statutory Reserve
StatutoryReserve
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CY2022Q4 mlgo Statutory Reserve
StatutoryReserve
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CY2022 mlgo Paidincapital And Statutory Reserve
PaidincapitalAndStatutoryReserve
201281466 cny
CY2022 mlgo Paidincapital And Statutory Reserve
PaidincapitalAndStatutoryReserve
28900650 usd
CY2021Q2 mlgo Warrants Description
WarrantsDescription
Each public warrant entitles the holder thereof to purchase one-half (1/2) of one ordinary share at a price of $11.50 per full share, subject to adjustment as described in this prospectus.
CY2021Q1 mlgo Aggregate Value Of Warrants
AggregateValueOfWarrants
380000 usd
CY2021Q4 mlgo Aggregate Value Of Warrants
AggregateValueOfWarrants
123750000 usd
CY2022Q4 mlgo Change In Fair Value Of Warrants
ChangeInFairValueOfWarrants
123750 usd
CY2021 us-gaap Revenues
Revenues
82035289 usd
CY2022 us-gaap Revenues
Revenues
87132230 usd

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