2023 Q4 Form 20-F Financial Statement

#000121390024070853 Filed on August 20, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $0.00 $5.136M $0.00
YoY Change -13.59%
Cost Of Revenue $3.454M
YoY Change -21.61%
Gross Profit $1.682M
YoY Change 9.37%
Gross Profit Margin 32.74%
Selling, General & Admin $1.266M $1.277M $120.0K
YoY Change 955.28% 12.93%
% of Gross Profit 75.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.17K
YoY Change -68.99%
% of Gross Profit 1.85%
Operating Expenses $1.266M $1.640M $120.0K
YoY Change 955.28% 43.94%
Operating Profit $42.24K
YoY Change -89.41%
Interest Expense $310.9K $1.831M $590.0K
YoY Change -47.31% 82.06%
% of Operating Profit 4333.96%
Other Income/Expense, Net $66.18K
YoY Change -220.94%
Pretax Income -$955.5K $108.4K $470.0K
YoY Change -303.3% -68.48%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings -$955.5K $130.2K $470.0K
YoY Change -303.3% -71.61%
Net Earnings / Revenue 2.53%
Basic Earnings Per Share $0.18
Diluted Earnings Per Share -$0.25 $0.18 $0.10
COMMON SHARES
Basic Shares Outstanding 615.1K shares
Diluted Shares Outstanding 615.1K shares

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $42.22K $42.22K $50.00K
YoY Change -15.56% -22.84%
Cash & Equivalents $54.10K $27.56K
Short-Term Investments
Other Short-Term Assets $8.560K $8.560K $40.00K
YoY Change -78.6% -76.87% -85.71%
Inventory $126.3K $46.91K
Prepaid Expenses
Receivables $9.374K $13.00K
Other Receivables
Total Short-Term Assets $1.201M $50.78K $2.399M
YoY Change -49.91% -44.64% 756.65%
LONG-TERM ASSETS
Property, Plant & Equipment $162.2K $122.7K
YoY Change 32.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $21.27M $21.27M $70.69M
YoY Change -69.91% -69.92%
Other Assets
YoY Change
Total Long-Term Assets $446.0K $21.27M $506.3K
YoY Change -11.92% -69.92% -14.52%
TOTAL ASSETS
Total Short-Term Assets $1.201M $50.78K $2.399M
Total Long-Term Assets $446.0K $21.27M $506.3K
Total Assets $1.647M $21.32M $2.905M
YoY Change -43.29% -69.88% 937.49%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $172.6K $617.4K $104.7K
YoY Change 64.95%
Accrued Expenses $50.00K
YoY Change 25.0%
Deferred Revenue $7.937K $1.360M
YoY Change -99.42%
Short-Term Debt $1.625M $1.625M $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.122M $2.242M $2.556M
YoY Change -56.08% 4384.54% 922.26%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $3.480M $3.480M $2.420M
YoY Change 43.78% 44.08%
Total Long-Term Liabilities $119.0K $3.480M $248.6K
YoY Change -52.15% 44.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.122M $2.242M $2.556M
Total Long-Term Liabilities $119.0K $3.480M $248.6K
Total Liabilities $1.241M $5.722M $2.804M
YoY Change -55.73% 132.12% 1021.71%
SHAREHOLDERS EQUITY
Retained Earnings -$461.4K -$591.5K
YoY Change -22.01%
Common Stock $4.332M $1.465M
YoY Change 195.7% 468.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $896.1K $15.60M $563.1K
YoY Change
Total Liabilities & Shareholders Equity $1.647M $21.32M $2.905M
YoY Change -43.29% -69.88% 937.49%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income -$955.5K $130.2K $470.0K
YoY Change -303.3% -71.61%
Depreciation, Depletion And Amortization $31.17K
YoY Change -68.99%
Cash From Operating Activities -$141.5K -$1.766M -$40.00K
YoY Change 253.82% -203.23%
INVESTING ACTIVITIES
Capital Expenditures $69.85K
YoY Change -26.05%
Acquisitions
YoY Change
Other Investing Activities $18.30M $51.25M $0.00
YoY Change -173.55%
Cash From Investing Activities $18.30M -$69.85K $0.00
YoY Change -26.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $192.3K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.15M $1.881M 0.000
YoY Change -215.16%
NET CHANGE
Cash From Operating Activities -141.5K -$1.766M -40.00K
Cash From Investing Activities 18.30M -$69.85K 0.000
Cash From Financing Activities -18.15M $1.881M 0.000
Net Change In Cash 3.470K $45.51K -40.00K
YoY Change -108.67% -362.58%
FREE CASH FLOW
Cash From Operating Activities -$141.5K -$1.766M -$40.00K
Capital Expenditures $69.85K
Free Cash Flow -$1.836M
YoY Change -213.58%

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CY2023 nivf Waiver Of Related Party Balance
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2023 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Inventories
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CY2023 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 Other Receivables
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CY2023 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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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 Other Accounts Payable And Accrued Liabilities
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CY2023 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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CY2023 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Increase Decrease In Finance Receivables
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CY2021 us-gaap Increase Decrease In Finance Receivables
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 nivf Proceeds From Amount Due From Aspaci
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CY2023 us-gaap Finance Lease Principal Payments
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CY2021 us-gaap Finance Lease Principal Payments
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CY2022 us-gaap Proceeds From Issuance Of Other Long Term Debt
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CY2021 us-gaap Proceeds From Issuance Of Other Long Term Debt
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CY2023 us-gaap Proceeds From Issuance Of Common Stock
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CY2023 nivf Paymentof Interest
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CY2023 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2022 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2021 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
45510 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54104 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27556 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
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CY2023 us-gaap Interest Paid Net
InterestPaidNet
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2023Q4 us-gaap Policyholder Dividends Rate On Policy Earnings
PolicyholderDividendsRateOnPolicyEarnings
0.15 pure
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
54104 usd
CY2023Q4 us-gaap Other Secured Financings
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CY2023 us-gaap Proceeds From Issuance Of Secured Debt
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><span style="text-decoration:underline">Use of estimates</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The preparation of the 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 estimates required to be made by management include, but are not limited to, contingent tax liability for Kyrgyzstan. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements.</p>
CY2023Q4 us-gaap Property Plant And Equipment Salvage Value Percentage
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0 pure
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
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CY2023Q4 nivf Revenue Rate
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0.40 pure
CY2023 us-gaap Number Of Operating Segments
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CY2023Q4 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Finance Lease Liability
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CY2023 us-gaap Subordinated Borrowing Interest Rate
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0.00125 pure
CY2023Q4 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.066 pure
CY2022Q4 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
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CY2023 us-gaap Concentration Risk Credit Risk
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><span style="text-decoration:underline">Concentration of risks</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><i>Concentration of credit risk</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Financial instruments that potentially expose us to concentrations of credit risk consist primarily of cash and cash equivalents and account receivable. The Company places cash and cash equivalents with financial institutions with high credit ratings and quality.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Accounts receivable primarily comprise of amounts receivable from the service customers. The Company conducts credit evaluations of customers, and generally does not require collateral or other security from its customers. The Company establishes an allowance for doubtful accounts primarily based upon the factors surrounding the credit risk of specific customers.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><i>Concentration of customers</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">As of December 31, 2023 and 2022, two and Nil customers which individually contributed more than 10% of trade receivable, accounted for 96.3% and <span style="-sec-ix-hidden: hidden-fact-83">Nil</span> of the Company’s trade receivable respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">None of the customers contributed more than 10% of revenue for years ended December 31, 2023, 2022 and 2021.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Concentration of suppliers</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">As of December 31, 2023 and 2022, one and four suppliers which individually contributed more than 10% of trade payable, accounted for 30.6% and 69.8% of the Company’s trade payable respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">For the year ended December 31, 2023, 2022 and 2021, Nil, two and two vendors which contributed more than 10% of total purchases of the Company, accounted for <span style="-sec-ix-hidden: hidden-fact-84">Nil</span>, 55.3% and 35.6% of the Company’s total purchases respectively.</p>
CY2023 us-gaap Debt Instrument Convertible Threshold Percentage Of Stock Price Trigger
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2023Q4 us-gaap Accounts Receivable Net Current
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CY2022Q4 us-gaap Accounts Receivable Net Current
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CY2023Q4 us-gaap Accounts Receivable Net Current
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CY2022Q4 us-gaap Accounts Receivable Net Current
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CY2022Q4 us-gaap Inventory Gross
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CY2022Q4 us-gaap Inventory Net
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CY2023Q4 us-gaap Deposit Assets
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CY2022Q4 us-gaap Deposit Assets
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CY2023Q4 us-gaap Deferred Offering Costs
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CY2023Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
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CY2022Q4 us-gaap Premiums Receivable Allowance For Doubtful Accounts
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CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
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CY2022Q4 nivf Allowances For Expected Credit Loss
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CY2023 nivf Allowances For Expected Credit Loss Reversal Of Provision Provision
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CY2022 nivf Allowances For Expected Credit Loss Reversal Of Provision Provision
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CY2022 nivf Allowances For Expected Credit Loss Effect Of Currency Translation Adjustment
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CY2023Q4 nivf Allowances For Expected Credit Loss
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CY2022Q4 nivf Allowances For Expected Credit Loss
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CY2023Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2023 us-gaap Depreciation
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CY2022 us-gaap Depreciation
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CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
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CY2023Q4 us-gaap Accrued Income Taxes Current
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CY2022Q4 us-gaap Accrued Income Taxes Current
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CY2022Q4 us-gaap Accounts Payable Other Current
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CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
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CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
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CY2022Q4 us-gaap Contract With Customer Liability
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CY2021Q4 us-gaap Contract With Customer Liability
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CY2023 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
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CY2022 us-gaap Contract With Customer Liability Increase Decrease For Contract Acquired In Business Combination
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CY2023 us-gaap Contract With Customer Liability Revenue Recognized
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CY2022 us-gaap Contract With Customer Liability Revenue Recognized
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CY2023Q4 us-gaap Contract With Customer Refund Liability
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CY2023Q4 us-gaap Contract With Customer Liability
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CY2022Q4 us-gaap Contract With Customer Liability
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
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CY2023Q4 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2023Q4 us-gaap Operating Lease Liability Noncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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CY2023Q4 us-gaap Operating Lease Liability
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CY2022Q4 us-gaap Operating Lease Liability
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CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2023 us-gaap Short Term Lease Cost
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CY2022 us-gaap Short Term Lease Cost
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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CY2023Q4 us-gaap Operating Lease Liability
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CY2023Q4 us-gaap Common Stock Shares Authorized
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CY2023 us-gaap Common Stock Voting Rights
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CY2023Q4 us-gaap Common Stock Shares Issued
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CY2022Q4 us-gaap Common Stock Shares Issued
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CY2023Q4 us-gaap Common Stock Value
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CY2022Q4 us-gaap Common Stock Value
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CY2023 us-gaap Issuance Of Stock And Warrants For Services Or Claims
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CY2023 nivf Stock Issued During Period Value Settlement Of Subscription Receivable
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CY2023Q4 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
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CY2022Q4 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
319872 usd
CY2022Q3 us-gaap Excess Stock Shares Issued
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41830 shares
CY2022Q3 us-gaap Other Borrowings
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641025 usd
CY2022Q3 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
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CY2023Q1 us-gaap Amount Of Regulatory Assistance Received1
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CY2023Q1 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
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192308 usd
CY2023Q1 us-gaap Excess Stock Shares Issued
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CY2023Q1 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
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CY2023Q4 us-gaap Stock Issued During Period Shares Acquisitions
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CY2023Q4 us-gaap Excess Stock Shares Issued
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CY2023Q4 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
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CY2022Q4 us-gaap Additional Paid In Capital Common Stock
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CY2021Q4 us-gaap Additional Paid In Capital Common Stock
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CY2022 nivf Stock Issued During Period Value Directors Remuneration
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CY2023 nivf Issuance Of Shares Additionalpaidincapital
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CY2022 nivf Issuance Of Shares Additionalpaidincapital
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CY2023Q4 us-gaap Additional Paid In Capital Common Stock
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