$NXTT
Next Technology Holding Inc.

2024 Q4 Form 10-Q Financial Statement

#000121390024098963 Filed on November 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q4
Revenue $403.3K
YoY Change -83.7%
Cost Of Revenue -$193.6K
YoY Change -109.56%
Gross Profit $596.9K
YoY Change 32.89%
Gross Profit Margin 148.01%
Selling, General & Admin $567.0K
YoY Change -95.84%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $567.0K -$11.65M
YoY Change -95.84% -918.62%
Operating Profit -$567.0K $12.25M
YoY Change -95.42% -1357.46%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $2.304M -$5.997M
YoY Change -142.93% -1925.27%
Pretax Income $1.737M $6.250M
YoY Change -120.44% -1068.41%
Income Tax $364.7K -$31.86K
% Of Pretax Income 21.0% -0.51%
Net Earnings $1.378M $10.65M
YoY Change -110.88% -1850.15%
Net Earnings / Revenue 2640.74%
Basic Earnings Per Share
Diluted Earnings Per Share $0.20 $5.72
COMMON SHARES
Basic Shares Outstanding 6.976M shares 6.976M shares 2.625M shares
Diluted Shares Outstanding 6.976M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $668.4K $668.4K
YoY Change -52.83% -96.66%
Cash & Equivalents $668.4K $668.4K
Short-Term Investments
Other Short-Term Assets $65.16M $47.33M
YoY Change 88.75% 832.58%
Inventory
Prepaid Expenses $12.13M $12.13M
Receivables $0.00 $1.133M
Other Receivables $206.7K $0.00
Total Short-Term Assets $66.04M $49.13M
YoY Change 57.7% 43.9%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $13.40M
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $13.40M $0.00
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $66.04M $49.13M
Total Long-Term Assets $13.40M $0.00
Total Assets $79.43M $49.13M
YoY Change 89.69% 6.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $926.5K
YoY Change 117.96%
Accrued Expenses $0.00
YoY Change -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.692M $4.208M
YoY Change 27.06% -6.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.692M $4.208M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $5.358M $4.208M
YoY Change 152.91% -6.69%
SHAREHOLDERS EQUITY
Retained Earnings $2.357M -$11.63M
YoY Change -114.21% 578.75%
Common Stock $71.72M $56.35M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $74.08M $44.93M
YoY Change
Total Liabilities & Shareholders Equity $79.43M $49.13M
YoY Change 89.69% 6.28%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q4
OPERATING ACTIVITIES
Net Income $1.378M $10.65M
YoY Change -110.88% -1850.15%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$80.80K $16.66M
YoY Change -99.41% 1886.06%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.615M
YoY Change -173.96%
Cash From Investing Activities -$1.615M
YoY Change -223.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 80.70K 4.507M
YoY Change -99.33% -438.92%
NET CHANGE
Cash From Operating Activities -80.80K 16.66M
Cash From Investing Activities -1.615M
Cash From Financing Activities 80.70K 4.507M
Net Change In Cash -100.0 19.55M
YoY Change -100.0% 2286.78%
FREE CASH FLOW
Cash From Operating Activities -$80.80K $16.66M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2024Q3 us-gaap Revenues
Revenues
usd
CY2023Q3 us-gaap Revenues
Revenues
usd
CY2024Q3 us-gaap Cost Of Revenue
CostOfRevenue
usd
us-gaap Cost Of Revenue
CostOfRevenue
usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
usd
us-gaap Gross Profit
GrossProfit
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
WY
dei Entity Address Address Line1
EntityAddressAddressLine1
Room 519, 05/F Block T3
dei Entity Address Address Line2
EntityAddressAddressLine2
Qianhai Premier Finance Centre Unit 2
dei Entity Address Address Line3
EntityAddressAddressLine3
Guiwan Area
dei Entity Address City Or Town
EntityAddressCityOrTown
Shenzhen
dei City Area Code
CityAreaCode
(86)
dei Local Phone Number
LocalPhoneNumber
158 2117 2322
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
6976410 shares
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
668387 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
668387 usd
CY2024Q3 us-gaap Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
53037144 usd
CY2023Q4 us-gaap Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
35137576 usd
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12125500 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12125500 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
66037755 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
48931463 usd
CY2024Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
13396000 usd
CY2024Q3 us-gaap Assets
Assets
79433755 usd
CY2023Q4 us-gaap Assets
Assets
48931463 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
800000 usd
CY2024Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
130415 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
130415 usd
CY2024Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1082500 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1600000 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
2691503 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4223087 usd
CY2024Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
2666078 usd
CY2024Q3 us-gaap Liabilities
Liabilities
5357581 usd
CY2023Q4 us-gaap Liabilities
Liabilities
4223087 usd
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6976410 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6976410 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2625130 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2625130 shares
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
71718790 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
56348650 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2357384 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-11640274 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
74076174 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
44708376 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
79433755 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
48931463 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
270864 usd
us-gaap Cost Of Revenue
CostOfRevenue
270864 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
1229136 usd
us-gaap Gross Profit
GrossProfit
1229136 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
566983 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
234800 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1242128 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
537576 usd
CY2024Q3 us-gaap Operating Expenses
OperatingExpenses
566983 usd
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
234800 usd
us-gaap Operating Expenses
OperatingExpenses
1242128 usd
us-gaap Operating Expenses
OperatingExpenses
537576 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-566983 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
994336 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-1242128 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
691560 usd
CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2303789 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-14406397 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
17899568 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-14406396 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1736806 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13412061 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
16657440 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-13714836 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
364730 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2666078 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1372076 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-13412061 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
13991362 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-13714836 usd
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
6296 usd
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
301392 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
6296 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1552178 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1378372 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-13110669 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
13997658 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-15267014 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.2
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.2
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-9.47
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-9.47
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.59
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.59
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-11.66
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-11.66
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.001
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.001
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.21
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.21
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.001
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.001
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-1.32
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-1.32
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6976410 shares
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6976410 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1416813 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1416813 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5404232 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5404232 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1176618 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1176618 shares
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
72697802 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1372076 usd
CY2024Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
6296 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
74076174 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
44708376 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
15370140 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
13991362 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
6296 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
74076174 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
39860993 usd
CY2023Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
12616454 usd
CY2023Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
301392 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-13412061 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
39366778 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
41706762 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
12616454 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
310576 usd
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-1552178 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-13714836 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
39366778 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
13991362 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-13714836 usd
nxtt Fair Value Gain Loss From Digital Assets
FairValueGainLossFromDigitalAssets
17899568 usd
nxtt Fair Value Gain Loss From Digital Assets
FairValueGainLossFromDigitalAssets
-3059342 usd
nxtt Gainloss From Discontinued Operation
GainlossFromDiscontinuedOperation
-6296 usd
nxtt Gainloss From Discontinued Operation
GainlossFromDiscontinuedOperation
1552178 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1000000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-50000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-800000 usd
us-gaap Increase Decrease In Management Fee Payable
IncreaseDecreaseInManagementFeePayable
92000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
49500 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
270864 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
813000 usd
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
2666078 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-81332 usd
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-11886808 usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
32881236 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-81332 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
20994428 usd
us-gaap Payment For Acquisition Crypto Asset
PaymentForAcquisitionCryptoAsset
12125500 usd
nxtt Payment To Proceeds From Digital Assets
PaymentToProceedsFromDigitalAssets
-24990000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-37115500 usd
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-512808 usd
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
87440 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
594140 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12616454 usd
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
81332 usd
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
12703894 usd
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
4500000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
81332 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17203894 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
310576 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1393398 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
668387 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22926 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
668387 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1416324 usd
us-gaap Nature Of Operations
NatureOfOperations
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 1</b> – <b>NATURE OF BUSINESS </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Business</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Next Technology Holdings Inc (Formerly known as WeTrade Group, Inc) was incorporated in the State of Wyoming on March 28, 2019. We currently pursue two corporate strategies. One business strategy is to continue providing software development services, and the other strategy is to acquire and hold bitcoin.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Software development</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We provide AI-enabled software development services to our customers, which included developing, designing, and implementing various SAAS software solutions for businesses of all types, including industrial and other businesses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Bitcoin Acquisition Strategy</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our bitcoin acquisition strategy generally involves acquiring bitcoin with our liquid assets that exceed working capital requirements, and from time to time, subject to market conditions, issuing debt or equity securities or engaging in other capital raising transactions with the objective of using the proceeds to purchase bitcoin.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We view our bitcoin holdings as long-term holdings and expect to continue to accumulate bitcoin. We have not set any specific target for the amount of bitcoin we seek to hold, and we will continue to monitor market conditions in determining whether to engage in additional financings to purchase additional bitcoin.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This overall strategy also contemplates that we may (i) periodically sell bitcoin for general corporate purposes, including to generate cash for treasury management or in connection with strategies that generate tax benefits in accordance with applicable law, (ii) enter into additional capital raising transactions that are collateralized by our bitcoin holdings, and (iii) consider pursuing additional strategies to create income streams or otherwise generate funds using our bitcoin holdings.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We believe that, due to its limited supply, bitcoin offers the opportunity for appreciation in value if its adoption increases and has the potential to serve as a hedge against inflation in the long-term.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table presents a roll-forward of our bitcoin holdings, including additional information related to our bitcoin purchases, and digital asset impairment losses during the period:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Digital asset<br/> original cost<br/> basis</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Gain from<br/> digital asset</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Market<br/> Value of<br/> digital asset</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Approximate<br/> number of<br/> Bitcoin held</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 52%; font-weight: bold; padding-bottom: 1.5pt">Balance at December 31, 2023</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">24,990,000</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">10,147,576</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">35,137,576</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">833</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Digital asset purchase</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-55">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-56">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-57">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-58">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Fair value change during the period</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-59">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">17,899,568</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">17,899,568</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-60">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; padding-bottom: 1.5pt">Balance at September 30, 2024</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">24,990,000</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">28,047,144</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">53,037,144</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">833</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table>
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2019-03-28
CY2024Q3 us-gaap Crypto Asset Number Of Units
CryptoAssetNumberOfUnits
833 bitcoin
CY2023Q4 us-gaap Crypto Asset Number Of Units
CryptoAssetNumberOfUnits
833 bitcoin
CY2024Q3 us-gaap Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
53037144 usd
CY2023Q4 us-gaap Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
35137576 usd
us-gaap Crypto Asset Unrealized Gain Operating
CryptoAssetUnrealizedGainOperating
17899568 usd
CY2023 us-gaap Crypto Asset Unrealized Gain Operating
CryptoAssetUnrealizedGainOperating
10147576 usd
CY2024Q3 us-gaap Crypto Asset Number Of Units
CryptoAssetNumberOfUnits
833 bitcoin
CY2024Q3 us-gaap Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
53040000.00 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with US GAAP requires management to make judgement estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Management believes that the estimates used in preparing the financial statements are reasonable and prudent; however, actual results could differ from these estimates. Significant accounting estimates include the allowance for expected credit loss, valuation of deferred tax assets, and certain accrued liabilities such as contingent liabilities.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.50 pure
CY2024Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1372076 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-13412061 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
13991362 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-13714836 usd
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6976410 shares
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
6976410 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1416813 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1416813 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5404232 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5404232 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1176618 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1176618 shares
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.2
CY2024Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.2
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-9.47
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-9.47
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.59
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.59
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-11.66
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-11.66
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
668387 usd
CY2023Q4 us-gaap Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
35137576 usd
CY2023 us-gaap Crypto Asset Purchase
CryptoAssetPurchase
24990000 usd
us-gaap Crypto Asset Unrealized Gain Operating
CryptoAssetUnrealizedGainOperating
17899568 usd
CY2023 us-gaap Crypto Asset Unrealized Gain Operating
CryptoAssetUnrealizedGainOperating
10147576 usd
CY2024Q3 us-gaap Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
53037144 usd
CY2023Q4 us-gaap Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
35137576 usd
us-gaap Crypto Asset Unrealized Gain Operating
CryptoAssetUnrealizedGainOperating
17899568 usd
CY2023 us-gaap Crypto Asset Unrealized Gain Operating
CryptoAssetUnrealizedGainOperating
10147576 usd
nxtt Amended Btc Transaction Description
AmendedBTCTransactionDescription
the Company indicated its intent to exercise the option to purchase 5,000 BTC out of the Total BTC pursuant to the Amended BTC Contract (the “Amended 5,000 BTC Transaction”). According to the terms of the Amended BTC Contract, the previously-made Prepayment Amount will be applied towards the total purchase price for the Amended 5,000 BTC Transaction
CY2024Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.02
CY2024Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.02
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
300000000 usd
nxtt Payment From Penalty
PaymentFromPenalty
18000000 usd
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6976410 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
6976410 shares
CY2024Q3 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
142147488 shares
CY2024Q3 us-gaap Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
142147488 shares
nxtt Percentage Of Common Stock Voting Power
PercentageOfCommonStockVotingPower
0.20 pure
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12125500 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12125500 usd
CY2024Q3 us-gaap Crypto Asset Number Of Units
CryptoAssetNumberOfUnits
1000 pure
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
12125500 usd
nxtt Prepayment Percentage
PrepaymentPercentage
0.40 pure
CY2024Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
80000000 shares
CY2024Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.6
nxtt Percentage Of Fair Market Value
PercentageOfFairMarketValue
0.70 pure
CY2024Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
13396000 usd
CY2024Q3 us-gaap Advances To Affiliate
AdvancesToAffiliate
282533 usd
CY2024Q3 us-gaap Management Fee Payable
ManagementFeePayable
896000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
800000 usd
CY2024Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1082500 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1600000 usd
CY2024Q3 us-gaap Accrued Professional Fees Current And Noncurrent
AccruedProfessionalFeesCurrentAndNoncurrent
1082500 usd
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6976410 shares
CY2019Q3 us-gaap Share Price
SharePrice
3
CY2020Q1 nxtt Number Of Shareholder
NumberOfShareholder
2 pure
CY2020Q1 us-gaap Share Price
SharePrice
3
CY2020Q3 nxtt Number Of Shareholder
NumberOfShareholder
2 pure
CY2020Q3 us-gaap Common Stock Other Shares Outstanding
CommonStockOtherSharesOutstanding
101766666 shares
CY2022Q3 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
477500 usd
us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1 for 185
CY2023Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
12616454 usd
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2625130 shares
CY2024Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3940000 shares
CY2024Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13396000 usd
CY2024Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1974140 usd
CY2024Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1974140 usd
CY2024Q2 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
1974140 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
1974140 usd
us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
411280 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6976410 shares
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
dei Entity Registrant Name
EntityRegistrantName
Next Technology Holding Inc.
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
00-0000000
dei Entity Address Country
EntityAddressCountry
CN
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
usd
CY2024Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
CY2023Q4 us-gaap Common Stock No Par Value
CommonStockNoParValue
us-gaap Revenues
Revenues
usd
us-gaap Revenues
Revenues
usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
usd
us-gaap Increase Decrease In Management Fee Payable
IncreaseDecreaseInManagementFeePayable
usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
usd
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
usd
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
usd
us-gaap Payment For Acquisition Crypto Asset
PaymentForAcquisitionCryptoAsset
usd
nxtt Payment To Proceeds From Digital Assets
PaymentToProceedsFromDigitalAssets
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
us-gaap Revenues
Revenues
usd
CY2022Q4 us-gaap Crypto Asset Fair Value Current
CryptoAssetFairValueCurrent
usd
us-gaap Crypto Asset Purchase
CryptoAssetPurchase
usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
usd
CY2024Q3 us-gaap Common Stock No Par Value
CommonStockNoParValue
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
100020
dei Entity Central Index Key
EntityCentralIndexKey
0001784970
dei Entity File Number
EntityFileNumber
001-41450

Files In Submission

Name View Source Status
0001213900-24-098963-index-headers.html Edgar Link pending
0001213900-24-098963-index.html Edgar Link pending
0001213900-24-098963.txt Edgar Link pending
0001213900-24-098963-xbrl.zip Edgar Link pending
ea0221228-10q_nexttech.htm Edgar Link pending
ea022122801ex31-1_nexttech.htm Edgar Link pending
ea022122801ex31-2_nexttech.htm Edgar Link pending
ea022122801ex32-1_nexttech.htm Edgar Link pending
ea022122801ex32-2_nexttech.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
nxtt-20240930.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
nxtt-20240930_lab.xml Edgar Link unprocessable
ea0221228-10q_nexttech_htm.xml Edgar Link completed
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
nxtt-20240930_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
nxtt-20240930_cal.xml Edgar Link unprocessable
nxtt-20240930_pre.xml Edgar Link unprocessable