$NXTT
Next Technology Holding Inc. Stock $nxtt

$nxtt Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-K Financial Statement

#000147793223005290 Filed on July 14, 2023

Income Statement

Concept	2023 Q3	2022 Q4	2022
Revenue	$1.634M	$2.474M	$11.67M
YoY Change	-69.48%	-20.69%	-18.84%
Cost Of Revenue	$398.5K	$2.024M	$9.695M
YoY Change	-94.13%	743.31%	261.5%
Gross Profit	$1.235M	$449.2K	$1.976M
YoY Change	-185.89%	-84.4%	-83.11%
Gross Profit Margin	75.61%	18.16%	16.93%
Selling, General & Admin	$13.62M	$1.423M	$11.84M
YoY Change	78.49%	41.0%	107.59%
% of Gross Profit	1102.74%	316.83%	599.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	-$320.0K	$236.6K	$277.8K
YoY Change	-2531.61%	743.09%	674.57%
% of Gross Profit	-25.9%	52.66%	14.06%
Operating Expenses	$13.62M	$1.423M	$11.84M
YoY Change	78.49%	41.0%	107.59%
Operating Profit	-$12.39M	-$974.0K	-$9.867M
YoY Change	36.56%	-152.1%	-264.61%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net	-$5.366M	$328.6K	$636.9K
YoY Change	-2405.44%	627.57%	2627.4%
Pretax Income	-$8.497M	-$645.4K	-$9.230M
YoY Change	-3.85%	-133.71%	1618.74%
Income Tax	-$383.00	-$36.86K	-$82.65K
% Of Pretax Income
Net Earnings	-$12.67M	-$608.5K	-$9.147M
YoY Change	46.4%	-147.87%	-276.74%
Net Earnings / Revenue	-775.69%	-24.6%	-78.38%
Basic Earnings Per Share	-$0.18		-$0.04
Diluted Earnings Per Share	-$0.18	-$0.58	-$7.58
COMMON SHARES
Basic Shares Outstanding	1.055M shares	195.1M shares	223.3M shares
Diluted Shares Outstanding	48.21M shares

Balance Sheet

Concept	2023 Q3	2022 Q4	2022
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.417M	$20.03M	$20.03M
YoY Change	-93.01%	3147.78%	3147.78%
Cash & Equivalents	$1.417M	$20.03M	$20.03M
Short-Term Investments
Other Short-Term Assets	$34.52M	$5.075M	$5.075M
YoY Change	96.42%	83.85%	83.85%
Inventory
Prepaid Expenses	$12.13M	$3.161M
Receivables	$129.8K	$6.828M	$6.828M
Other Receivables	$5.806M	$2.215M	$2.215M
Total Short-Term Assets	$41.88M	$34.14M	$34.14M
YoY Change	-6.29%	107.74%	107.74%
LONG-TERM ASSETS
Property, Plant & Equipment		$1.821M	$1.821M
YoY Change		360.71%	-33.14%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets		$10.00M	$10.00M
YoY Change
Total Long-Term Assets	$0.00	$12.08M	$12.08M
YoY Change	-100.0%	298.3%	298.3%
TOTAL ASSETS
Total Short-Term Assets	$41.88M	$34.14M	$34.14M
Total Long-Term Assets	$0.00	$12.08M	$12.08M
Total Assets	$41.88M	$46.23M	$46.23M
YoY Change	-9.15%	137.43%	137.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$123.3K	$425.1K	$425.1K
YoY Change	-94.08%	5412.97%	583.91%
Accrued Expenses	$270.9K	$298.6K	$298.6K
YoY Change	114.53%	37.56%	-63.28%
Deferred Revenue
YoY Change
Short-Term Debt	$1.417M	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$2.118M	$4.510M	$4.510M
YoY Change	-47.62%	50.38%	50.38%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities		$0.00	$0.00
YoY Change		-100.0%	-100.0%
Total Long-Term Liabilities	$0.00	$0.00	$0.00
YoY Change		-100.0%	-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.118M	$4.510M	$4.510M
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$2.118M	$4.510M	$4.510M
YoY Change	-47.62%	-8.73%	-8.73%
SHAREHOLDERS EQUITY
Retained Earnings	-$16.59M	-$1.714M
YoY Change		-123.06%
Common Stock	$0.00	$0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$39.76M	$41.72M	$41.72M
YoY Change
Total Liabilities & Shareholders Equity	$41.88M	$46.23M	$46.23M
YoY Change	-9.15%	137.43%	137.43%

Cashflow Statement

Concept	2023 Q3	2022 Q4	2022
OPERATING ACTIVITIES
Net Income	-$12.67M	-$608.5K	-$9.147M
YoY Change	46.4%	-147.87%	-276.74%
Depreciation, Depletion And Amortization	-$320.0K	$236.6K	$277.8K
YoY Change	-2531.61%	743.09%	674.57%
Cash From Operating Activities	-$13.77M	$838.8K	-$17.61M
YoY Change	-44.78%	-188.81%	369.13%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$873.0K	$1.689M
YoY Change	-100.0%	-412.91%	305.01%
Acquisitions
YoY Change
Other Investing Activities	-$17.77M	$2.183M	$2.183M
YoY Change
Cash From Investing Activities	-$17.77M	$1.310M	$494.0K
YoY Change	10477.65%	-569.65%	-218.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$37.53M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	12.02M	-1.330M	37.72M
YoY Change	-68.54%	-1808.98%	48370.77%
NET CHANGE
Cash From Operating Activities	-13.77M	838.8K	-17.61M
Cash From Investing Activities	-17.77M	1.310M	494.0K
Cash From Financing Activities	12.02M	-1.330M	37.72M
Net Change In Cash	-19.52M	819.2K	20.61M
YoY Change	-248.97%	-171.5%	-612.08%
FREE CASH FLOW
Cash From Operating Activities	-$13.77M	$838.8K	-$17.61M
Capital Expenditures	$0.00	$873.0K	$1.689M
Free Cash Flow	-$13.77M	-$34.16K	-$19.30M
YoY Change	-44.41%	-94.87%	362.72%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2021Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	2760658	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	992445	usd
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	0	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	23188	usd
CY2022	wtg	Service Revenue Related Party ServiceRevenueRelatedParty	868103	usd
CY2022	us-gaap	Cost Of Revenue CostOfRevenue	9695290	usd
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	0	usd
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	6197520	usd
CY2021Q4	us-gaap	Liabilities Liabilities	4941202	usd
CY2021Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	898497	usd
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	7433305	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	14529322	usd
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	19470524	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-9867003	usd
CY2022	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	636934	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	-82654	usd
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.04
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	223259181	shares
CY2021Q4	us-gaap	Assets Current AssetsCurrent	16436393	usd
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2328950	usd
CY2021Q4	us-gaap	Security Deposit SecurityDeposit	272063	usd
CY2022	dei	Entity Central Index Key EntityCentralIndexKey	0001784970
CY2022	dei	Amendment Flag AmendmentFlag	false
CY2022	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2022	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2022	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
CY2022Q2	dei	Entity Public Float EntityPublicFloat	0	usd
CY2021Q4	us-gaap	Common Stock No Par Value CommonStockNoParValue	0.00
CY2022Q4	us-gaap	Common Stock No Par Value CommonStockNoParValue	0.00
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	305451498	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	195057503	shares
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.00
CY2022Q4	wtg	Rental Deposit RentalDeposit	0	usd
CY2022	dei	Document Type DocumentType	10-K
CY2022	dei	Document Annual Report DocumentAnnualReport	true
CY2022	dei	Document Period End Date DocumentPeriodEndDate	2022-12-31
CY2022	dei	Document Transition Report DocumentTransitionReport	false
CY2022	dei	Entity Registrant Name EntityRegistrantName	WETRADE GROUP INC
CY2022	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	WY
CY2022	dei	Entity Address Address Line1 EntityAddressAddressLine1	Room 101
CY2022	dei	Entity Address Address Line2 EntityAddressAddressLine2	Level 1 Building 8
CY2022	dei	Entity Address Address Line3 EntityAddressAddressLine3	No. 18, Kechuang 10th Street
CY2022	dei	Entity Address City Or Town EntityAddressCityOrTown	Beijing
CY2022	dei	Entity Address Country EntityAddressCountry	CN
CY2022	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	100020
CY2022	dei	City Area Code CityAreaCode	86
CY2022	dei	Local Phone Number LocalPhoneNumber	135-011-76409
CY2022	dei	Security12b Title Security12bTitle	Common Stock, no par value
CY2022	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2022	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2022	dei	Entity Current Reporting Status EntityCurrentReportingStatus	No
CY2022	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	true
CY2022	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2022	dei	Entity Small Business EntitySmallBusiness	true
CY2022	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2022	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2022	dei	Entity Shell Company EntityShellCompany	false
CY2023Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	1054530	shares
CY2022	dei	Auditor Name AuditorName	Assentsure PAC
CY2022	dei	Auditor Location AuditorLocation	Singapore
CY2022	dei	Auditor Firm AuditorFirmId	6783
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	20025495	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	616593	usd
CY2022Q4	wtg	Accounts Receivable Non Related Parties Net AccountsReceivableNonRelatedPartiesNet	6828195	usd
CY2021Q4	wtg	Accounts Receivable Non Related Parties Net AccountsReceivableNonRelatedPartiesNet	5627463	usd
CY2022Q4	wtg	Account Receivable Related Parties Net AccountReceivableRelatedPartiesNet	549606	usd
CY2021Q4	wtg	Account Receivable Related Parties Net AccountReceivableRelatedPartiesNet	3603402	usd
CY2022Q4	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	1614841	usd
CY2021Q4	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	3798130	usd
CY2022Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	50839	usd
CY2021Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	30147	usd
CY2022Q4	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	3160932	usd
CY2022Q4	us-gaap	Due From Related Parties DueFromRelatedParties	1914515	usd
CY2021Q4	us-gaap	Due From Related Parties DueFromRelatedParties	0	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	34144423	usd
CY2022Q4	us-gaap	Prepaid Expense Noncurrent PrepaidExpenseNoncurrent	10000000	usd
CY2021Q4	us-gaap	Prepaid Expense Noncurrent PrepaidExpenseNoncurrent	0	usd
CY2022Q4	wtg	Finite Lived Intangible Assets Amortization Expense FiniteLivedIntangibleAssetsAmortizationExpense	828983	usd
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	395353	usd
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	37765	usd
CY2022Q4	us-gaap	Other Receivables OtherReceivables	240202	usd
CY2022Q4	us-gaap	Security Deposit SecurityDeposit	0	usd
CY2022Q4	us-gaap	Assets Noncurrent AssetsNoncurrent	12084818	usd
CY2021Q4	us-gaap	Assets Noncurrent AssetsNoncurrent	3034131	usd
CY2022Q4	us-gaap	Assets Assets	46229241	usd
CY2021Q4	us-gaap	Assets Assets	19470524	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	143917	usd
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	7710	usd
CY2022Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	281136	usd
CY2021Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	54436	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	298595	usd
CY2021Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	217073	usd
CY2022Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	128979	usd
CY2021Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	711841	usd
CY2022Q4	wtg	Amount Due To Related Parties Current AmountDueToRelatedPartiesCurrent	1291296	usd
CY2021Q4	wtg	Amount Due To Related Parties Current AmountDueToRelatedPartiesCurrent	1105532	usd
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	0	usd
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	596098	usd
CY2022Q4	us-gaap	Other Loans Payable OtherLoansPayable	2365808	usd
CY2021Q4	us-gaap	Other Loans Payable OtherLoansPayable	306270	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	4509731	usd
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	2998960	usd
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	0	usd
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1942242	usd
CY2022Q4	us-gaap	Liabilities Liabilities	4509731	usd
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	195057503	shares
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	0	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	43732196	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-298576	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1714110	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	41719510	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	46229241	usd
CY2022	wtg	Service Revenue Non Related Party ServiceRevenueNonRelatedParty	10803232	usd
CY2021	wtg	Service Revenue Non Related Party ServiceRevenueNonRelatedParty	9734966	usd
CY2021	wtg	Service Revenue Related Party ServiceRevenueRelatedParty	4646329	usd
CY2022	us-gaap	Revenues Revenues	11671335	usd
CY2021	us-gaap	Revenues Revenues	14381295	usd
CY2021	us-gaap	Cost Of Revenue CostOfRevenue	2681939	usd
CY2022	us-gaap	Gross Profit GrossProfit	1976045	usd
CY2021	us-gaap	Gross Profit GrossProfit	11699356	usd
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	11843048	usd
CY2021	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5705063	usd
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	5994293	usd
CY2021	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	303665	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-9230069	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	6297958	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1122283	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-9147415	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	5175675	usd
CY2022	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent	-1197073	usd
CY2021	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent	319762	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-10344488	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	5495437	usd
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.02
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	305451498	shares
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	8893885	usd
CY2021	us-gaap	Related Party Costs RelatedPartyCosts	140000	usd
CY2021	us-gaap	Temporary Equity Foreign Currency Translation Adjustments TemporaryEquityForeignCurrencyTranslationAdjustments	319762	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	5175675	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	14529322	usd
CY2022	wtg	Share Cancellation Amount ShareCancellationAmount	0	usd
CY2022	wtg	Sale Of Common Stock Net Of Fees Amount SaleOfCommonStockNetOfFeesAmount	37057176	usd
CY2022	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	477500	usd
CY2022	us-gaap	Temporary Equity Foreign Currency Translation Adjustments TemporaryEquityForeignCurrencyTranslationAdjustments	-1197073	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-9147415	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	41719510	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-9147415	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	5175675	usd
CY2022	us-gaap	Depreciation Depreciation	263260	usd
CY2021	us-gaap	Depreciation Depreciation	23353	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	14577	usd
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	12519	usd
CY2022	wtg	Related Party Payable Forgiveness RelatedPartyPayableForgiveness	0	usd
CY2021	wtg	Forgiveness Of Related Party Debt ForgivenessOfRelatedPartyDebt	140000	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1200732	usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-2910665	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	2813594	usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable Related Parties IncreaseDecreaseInAccountsReceivableRelatedParties	-3558398	usd
CY2022	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	251371	usd
CY2021	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	244749	usd
CY2022	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-10400274	usd
CY2021	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-2926541	usd
CY2022	wtg	Increase Decrease In Prepaid Expenses Related Parties IncreaseDecreaseInPrepaidExpensesRelatedParties	-1914515	usd
CY2021	wtg	Increase Decrease In Prepaid Expenses Related Parties IncreaseDecreaseInPrepaidExpensesRelatedParties	0	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	136207	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-910	usd
CY2022	wtg	Increase Decrease In Account Payable Related Partie IncreaseDecreaseInAccountPayableRelatedPartie	226700	usd
CY2021	wtg	Increase Decrease In Account Payable Related Partie IncreaseDecreaseInAccountPayableRelatedPartie	51031	usd
CY2022	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	81522	usd
CY2021	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-52178	usd
CY2022	wtg	Increase Decrease In Taxes Payable Current IncreaseDecreaseInTaxesPayableCurrent	-582862	usd
CY2021	wtg	Increase Decrease In Taxes Payable Current IncreaseDecreaseInTaxesPayableCurrent	-177836	usd
CY2022	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	2059538	usd
CY2021	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	250870	usd
CY2022	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-2538340	usd
CY2021	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-585253	usd
CY2022	wtg	Increase Decrease In Right Of Use Assets IncreaseDecreaseInRightOfUseAssets	2328950	usd
CY2021	wtg	Increase Decrease In Right Of Use Assets IncreaseDecreaseInRightOfUseAssets	560200	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-17608419	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3753384	usd
CY2022	us-gaap	Proceeds From Sale Of Loans Receivable ProceedsFromSaleOfLoansReceivable	2183289	usd
CY2021	us-gaap	Proceeds From Sale Of Loans Receivable ProceedsFromSaleOfLoansReceivable	611210	usd
CY2022	wtg	Assets Amortised Expenses AssetsAmortisedExpenses	-995775	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	693560	usd
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	417112	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	493954	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1028322	usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	37534676	usd
CY2021	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
CY2022	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	185764	usd
CY2021	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	689031	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	37720440	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	689031	usd
CY2022	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-1197073	usd
CY2021	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	68665	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	19408902	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-4024010	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	616593	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4640603	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	20025495	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	616593	usd
CY2022	wtg	Forgiveness Of Related Party Debt ForgivenessOfRelatedPartyDebt	0	usd
CY2021	wtg	Related Party Payable Forgiveness RelatedPartyPayableForgiveness	140000	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	0	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	0	usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
CY2021	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	480528	usd
CY2022	wtg	System Services Fees From Related Party Description SystemServicesFeesFromRelatedPartyDescription	We receive 2%-3.5% of the total Gross Merchandise Volume generated in the platform as a system service fee from YCloud users through service agreement with our customers (such as Weijiafu and Changtongfu), depending on the type of service and industry.
CY2022Q4	us-gaap	Receivables From Customers ReceivablesFromCustomers	7377801	usd
CY2021Q4	us-gaap	Receivables From Customers ReceivablesFromCustomers	9230865	usd
CY2021Q4	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	3603402	usd
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.00
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	195057503	shares
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-9147415	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	5175675	usd
CY2022	wtg	Weighted Average Common Shares Outstanding Basic And Diluted WeightedAverageCommonSharesOutstandingBasicAndDiluted	223259181	shares
CY2021	wtg	Weighted Average Common Shares Outstanding Basic And Diluted WeightedAverageCommonSharesOutstandingBasicAndDiluted	305451498	shares
CY2022	wtg	Net Loss Profit Per Share Basic And Diluted NetLossProfitPerShareBasicAndDiluted	-0.04
CY2021	wtg	Net Loss Profit Per Share Basic And Diluted NetLossProfitPerShareBasicAndDiluted	0.02
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	6828195	usd
CY2022	wtg	Gross Transaction Volume Non Related Party GrossTransactionVolumeNonRelatedParty	327183593	usd
CY2021	wtg	Gross Transaction Volume Non Related Party GrossTransactionVolumeNonRelatedParty	292177817	usd
CY2022	wtg	Gross Transaction Volume Related Party GrossTransactionVolumeRelatedParty	26291122	usd
CY2021	wtg	Gross Transaction Volume Related Party GrossTransactionVolumeRelatedParty	139359179	usd
CY2022	us-gaap	Gross Transaction Volume GrossTransactionVolume	353474715	usd
CY2021	us-gaap	Gross Transaction Volume GrossTransactionVolume	431536996	usd
CY2022	wtg	Service Revenue From Ycloud Service ServiceRevenueFromYcloudService	11671335	usd
CY2021	wtg	Service Revenue From Ycloud Service ServiceRevenueFromYcloudService	14381295	usd
CY2022	wtg	Service Revenue From Third Party ServiceRevenueFromThirdParty	10803232	usd
CY2021	wtg	Service Revenue From Third Party ServiceRevenueFromThirdParty	9734966	usd
CY2022	wtg	Service Revenue Related Party ServiceRevenueRelatedParty	868103	usd
CY2021	wtg	Service Revenue Related Party ServiceRevenueRelatedParty	4646329	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	20025495	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	20025495	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	616593	usd
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	14577	usd
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	12519	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	14577	usd
CY2022Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	8611	usd
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5627463	usd
CY2022Q4	us-gaap	Accounts Receivable Related Parties AccountsReceivableRelatedParties	549606	usd
CY2022Q4	wtg	Total Of Accounts Receivables TotalOfAccountsReceivables	7377801	usd
CY2021Q4	wtg	Total Of Accounts Receivables TotalOfAccountsReceivables	9230865	usd
CY2022Q4	wtg	Accounts Receivable Non Related Customer AccountsReceivableNonRelatedCustomer	6828195	usd
CY2021Q4	wtg	Accounts Receivable Non Related Customer AccountsReceivableNonRelatedCustomer	5627463	usd
CY2022Q4	wtg	Accounts Receivable Related Parties Other AccountsReceivableRelatedPartiesOther	549606	usd
CY2021Q4	wtg	Accounts Receivable Related Parties Other AccountsReceivableRelatedPartiesOther	3603402	usd
CY2022Q4	wtg	Number Of Customer NumberOfCustomer	4	integer
CY2021Q4	wtg	Number Of Customer NumberOfCustomer	1	integer
CY2022Q4	wtg	Accrued Interest For The Loan AccruedInterestForTheLoan	23000000	cny
CY2022	wtg	Maturity Date MaturityDate	August 31, 2023
CY2022Q4	us-gaap	Advances To Affiliate AdvancesToAffiliate	50839	usd
CY2021Q4	us-gaap	Advances To Affiliate AdvancesToAffiliate	19302	usd
CY2022Q4	srt	Bank Loans BankLoans	0	usd
CY2021Q4	srt	Bank Loans BankLoans	10845	usd
CY2022Q4	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	50839	usd
CY2021Q4	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	30147	usd
CY2022Q4	wtg	Rental Deposit Non Current RentalDepositNonCurrent	240202	usd
CY2021Q4	wtg	Rental Deposit Non Current RentalDepositNonCurrent	0	usd
CY2022Q4	wtg	Prepayments One PrepaymentsOne	13160932	usd
CY2021Q4	wtg	Prepayments One PrepaymentsOne	2760658	usd
CY2021Q4	wtg	Rental Deposit RentalDeposit	272063	usd
CY2022	wtg	Tenancy Period TenancyPeriod	P5Y
CY2022Q3	wtg	Right Of Use Asset And The Lease Liabilty RightOfUseAssetAndTheLeaseLiabilty	209402	usd
CY2022Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	521296	usd
CY2021Q4	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	745532	usd
CY2022Q4	us-gaap	Management Fee Payable ManagementFeePayable	770000	usd
CY2021Q4	us-gaap	Management Fee Payable ManagementFeePayable	360000	usd
CY2022Q4	wtg	Amount Due To Related Parties AmountDueToRelatedParties	1291296	usd
CY2021Q4	wtg	Amount Due To Related Parties AmountDueToRelatedParties	1105532	usd
CY2022Q4	us-gaap	Management Fee Payable ManagementFeePayable	770000	usd
CY2022Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	128979	usd
CY2021Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	711841	usd
CY2022Q4	wtg	Corporate Income Tax CorporateIncomeTax	0	usd
CY2021Q4	wtg	Corporate Income Tax CorporateIncomeTax	649032	usd
CY2022Q4	wtg	Vat Urban Construction Tax And Levies VatUrbanConstructionTaxAndLevies	128979	usd
CY2021Q4	wtg	Vat Urban Construction Tax And Levies VatUrbanConstructionTaxAndLevies	62809	usd
CY2022Q4	wtg	Total Total	128979	usd
CY2021Q4	wtg	Total Total	711841	usd
CY2022Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	298595	usd
CY2022Q4	us-gaap	Other Loans Payable Current OtherLoansPayableCurrent	2365808	usd
CY2022Q4	us-gaap	Other Loans Payable Current OtherLoansPayableCurrent	2365808	usd
CY2021Q4	us-gaap	Other Loans Payable Current OtherLoansPayableCurrent	306270	usd
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	195057503	shares
CY2022Q3	wtg	Gross Proceeds GrossProceeds	40000000	usd
CY2022Q3	wtg	Net Of Fees NetOfFees	37057176	usd
CY2022Q3	wtg	Total Offering Cost TotalOfferingCost	2942824	usd
CY2022Q3	us-gaap	Share Price SharePrice	4.00
CY2022Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	195032503	shares
CY2022Q3	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	477500	usd
CY2022	us-gaap	Reclassifications Reclassifications	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">NOTE 19 – RECLASSIFICATION</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">A prior year amount have been reclassified for consistency with the current year presentation. This reclassification had no effect on the reported results of operations and performance position. A reclassification has been made to the Consolidated Statements of Cash Flows for the year ended December 31, 2021, to reclassify the loan receivable from cash flow financing activities to cash flow investing activities. </p>

Files In Submission

Name	View Source	Status
0001477932-23-005290-index-headers.html	Edgar Link	pending
0001477932-23-005290-index.html	Edgar Link	pending
0001477932-23-005290.txt	Edgar Link	pending
0001477932-23-005290-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	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
FilingSummary.xml	Edgar Link	unprocessable
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
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
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R69.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R70.htm	Edgar Link	pending
R71.htm	Edgar Link	pending
R72.htm	Edgar Link	pending
R73.htm	Edgar Link	pending
R74.htm	Edgar Link	pending
R75.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
wetg_10k.htm	Edgar Link	pending
wetg_10kimg10.jpg	Edgar Link	pending
wetg_10kimg8.jpg	Edgar Link	pending
wetg_10kimg9.jpg	Edgar Link	pending
wetg_8kimg2.jpg	Edgar Link	pending
wetg_ex211.htm	Edgar Link	pending
wetg_ex311.htm	Edgar Link	pending
wetg_ex312.htm	Edgar Link	pending
wetg_ex321.htm	Edgar Link	pending
wetg_ex322.htm	Edgar Link	pending
wtg-20221231.xsd	Edgar Link	pending
wtg-20221231_def.xml	Edgar Link	unprocessable
wtg-20221231_lab.xml	Edgar Link	unprocessable
wetg_10k_htm.xml	Edgar Link	completed
wtg-20221231_cal.xml	Edgar Link	unprocessable
wtg-20221231_pre.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$NXTT
Next Technology Holding Inc. Stock $nxtt

2023 Q3 Form 10-K Financial Statement

#000147793223005290 Filed on July 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NXTT Next Technology Holding Inc. Stock $nxtt

2023 Q3 Form 10-K Financial Statement

#000147793223005290 Filed on July 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$NXTT
Next Technology Holding Inc. Stock $nxtt