2022 Q4 Form 20-F Financial Statement

#000121390023034692 Filed on May 01, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $766.4K $17.81M $13.14M
YoY Change -94.17% -52.62% -12.26%
Cost Of Revenue -$79.85K $996.5K $1.028M
YoY Change -107.77% -58.92% -54.32%
Gross Profit $846.3K $16.82M $12.11M
YoY Change -93.01% -52.19% -4.82%
Gross Profit Margin 110.42% 94.41% 92.18%
Selling, General & Admin $3.331M $7.668M $10.95M
YoY Change -69.57% -68.42% -3.37%
% of Gross Profit 393.56% 45.6% 90.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $340.3K
YoY Change -14.76%
% of Gross Profit 2.02%
Operating Expenses $3.331M $14.23M $10.95M
YoY Change -69.57% -41.42% -3.37%
Operating Profit -$2.484M $2.589M $1.162M
YoY Change -313.83% -76.21% -16.63%
Interest Expense $184.6K $382.2K $233.6K
YoY Change -20.99% 4.35% 97.42%
% of Operating Profit 14.76% 20.11%
Other Income/Expense, Net -$83.21K $651.1K -$31.28K
YoY Change 166.02% 238.24% -119.17%
Pretax Income -$2.383M $3.240M $1.364M
YoY Change -274.69% -71.68% -18.56%
Income Tax $4.810K $4.812K $0.00
% Of Pretax Income 0.15% 0.0%
Net Earnings -$2.388M $3.236M $1.364M
YoY Change -275.04% -71.73% -18.56%
Net Earnings / Revenue -311.55% 18.16% 10.38%
Basic Earnings Per Share $0.15
Diluted Earnings Per Share -$0.11 $0.15 $66.47K
COMMON SHARES
Basic Shares Outstanding 21.23M shares 21.11M shares
Diluted Shares Outstanding 21.11M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.19M $17.19M $33.15M
YoY Change -48.14% -48.14% -13.75%
Cash & Equivalents $17.19M $17.19M $29.40M
Short-Term Investments $0.00 $0.00 $3.749M
Other Short-Term Assets $17.10M $18.74M $600.0K
YoY Change 2750.0% 843.98% -79.52%
Inventory
Prepaid Expenses
Receivables $30.00K $29.52K $55.15K
Other Receivables $7.860M $6.221M $2.314M
Total Short-Term Assets $42.18M $42.18M $36.12M
YoY Change 16.79% 16.79% -7.47%
LONG-TERM ASSETS
Property, Plant & Equipment $9.424M $9.458M $9.916M
YoY Change -4.96% -4.62% 2579.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $930.0K $932.6K $3.685M
YoY Change -74.76% -74.69% 582.42%
Other Assets $1.784M $0.00
YoY Change -100.0%
Total Long-Term Assets $11.21M $11.21M $14.72M
YoY Change -23.87% -23.87% 607.73%
TOTAL ASSETS
Total Short-Term Assets $42.18M $42.18M $36.12M
Total Long-Term Assets $11.21M $11.21M $14.72M
Total Assets $53.39M $53.39M $50.84M
YoY Change 5.02% 5.02% 23.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.959M $2.988M $1.625M
YoY Change 82.06% 83.83% -73.18%
Accrued Expenses $120.0K $117.9K $11.49K
YoY Change 944.39% -86.85% -96.98%
Deferred Revenue $449.0K $697.9K
YoY Change -35.66%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.762M $3.762M $3.649M
YoY Change 3.09% 3.09% -51.61%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $10.00K $11.49K
YoY Change
Total Long-Term Liabilities $10.00K $11.49K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.762M $3.762M $3.649M
Total Long-Term Liabilities $10.00K $11.49K $0.00
Total Liabilities $3.773M $3.773M $3.649M
YoY Change 3.4% 3.4% -51.61%
SHAREHOLDERS EQUITY
Retained Earnings $28.32M $25.09M
YoY Change 12.85%
Common Stock $1.542K $1.533K
YoY Change 0.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $481.00 $481.00
YoY Change 0.0%
Treasury Stock Shares 9.610M shares 9.610M shares
Shareholders Equity $49.62M $49.62M $47.19M
YoY Change
Total Liabilities & Shareholders Equity $53.39M $53.39M $50.84M
YoY Change 5.02% 5.02% 23.66%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$2.388M $3.236M $1.364M
YoY Change -275.04% -71.73% -18.56%
Depreciation, Depletion And Amortization $340.3K
YoY Change -14.76%
Cash From Operating Activities -$1.211M
YoY Change -113.42%
INVESTING ACTIVITIES
Capital Expenditures $709.0K
YoY Change -106.83%
Acquisitions
YoY Change
Other Investing Activities $1.367M
YoY Change -81.95%
Cash From Investing Activities $608.5K
YoY Change -121.66%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.000M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $1.000M
YoY Change -50.0%
NET CHANGE
Cash From Operating Activities -$1.211M
Cash From Investing Activities $608.5K
Cash From Financing Activities $1.000M
Net Change In Cash -$412.8K
YoY Change -105.02%
FREE CASH FLOW
Cash From Operating Activities -$1.211M
Capital Expenditures $709.0K
Free Cash Flow -$1.920M
YoY Change -109.89%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
usd
CY2022 us-gaap Partners Capital Account Option Exercise
PartnersCapitalAccountOptionExercise
usd
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
usd
CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
usd
CY2020 ocg Noncash Lease Expense
NoncashLeaseExpense
usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
usd
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
usd
CY2021 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
usd
CY2020 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
usd
CY2020 ocg Decrease In Accounts Receivable Related Party
DecreaseInAccountsReceivableRelatedParty
usd
CY2022 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
usd
CY2020 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
usd
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
usd
CY2020 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
usd
CY2022 ocg Purchase Of Certificate Of Deposits
PurchaseOfCertificateOfDeposits
usd
CY2020 ocg Purchase Of Certificate Of Deposits
PurchaseOfCertificateOfDeposits
usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
usd
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
4703323 usd
CY2022Q4 ocg Accounts Receivables Related Parties
AccountsReceivablesRelatedParties
207 usd
CY2021Q4 ocg Accounts Receivables Related Parties
AccountsReceivablesRelatedParties
47060 usd
CY2022Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
29311 usd
CY2021Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
8093 usd
CY2022Q4 ocg Other Receivables And Prepaid Expenses
OtherReceivablesAndPrepaidExpenses
4441946 usd
CY2021Q4 ocg Other Receivables And Prepaid Expenses
OtherReceivablesAndPrepaidExpenses
1385394 usd
CY2022Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
3421345 usd
CY2021Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
928913 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
600000 usd
CY2022 dei Document Type
DocumentType
20-F
CY2022 dei Document Registration Statement
DocumentRegistrationStatement
false
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Document Shell Company Report
DocumentShellCompanyReport
false
CY2022 dei Entity File Number
EntityFileNumber
001-39734
CY2022 dei Entity Registrant Name
EntityRegistrantName
Oriental Culture Holding, LTD.
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
E9
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
Room 1402
CY2022 dei Entity Address Address Line2
EntityAddressAddressLine2
Richmake Commercial Building
CY2022 dei Entity Address Address Line3
EntityAddressAddressLine3
198-200 Queen’s Road Central
CY2022 dei Entity Address Country
EntityAddressCountry
HK
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Hong Kong
CY2022 dei Security12b Title
Security12bTitle
Ordinary Shares, par value $0.00005
CY2022 dei Trading Symbol
TradingSymbol
OCG
CY2022 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2022Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
21226992 shares
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022 dei Auditor Firm
AuditorFirmId
2388
CY2022 dei Auditor Name
AuditorName
Wei, Wei & Co., LLP
CY2022 dei Auditor Location
AuditorLocation
Flushing, New York
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17188833 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29398047 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
11796388 usd
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
3748900 usd
CY2021Q4 us-gaap Escrow Deposit
EscrowDeposit
600000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
42181353 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
36116407 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9423713 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9904289 usd
CY2021Q4 ocg Escrow Deposits
EscrowDeposits
3136910 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
34345 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11494 usd
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
932552 usd
CY2021Q4 us-gaap Long Term Investments
LongTermInvestments
548151 usd
CY2022Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
816885 usd
CY2021Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
1120021 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1783782 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
4816576 usd
CY2022Q4 us-gaap Assets
Assets
53388848 usd
CY2021Q4 us-gaap Assets
Assets
50837272 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
2959415 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1625494 usd
CY2022Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
28727 usd
CY2022Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
449037 usd
CY2021Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
697863 usd
CY2022Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
290150 usd
CY2021Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
1284235 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
13372 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
29826 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
20808 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11494 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3761509 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
3648912 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11491 usd
CY2022Q4 us-gaap Liabilities
Liabilities
3773000 usd
CY2021Q4 us-gaap Liabilities
Liabilities
3648912 usd
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00005
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00005
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00005
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00005
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
900000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
30836992 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
30654712 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21226992 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21044712 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
1542 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
1533 usd
CY2022Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
9610000 shares
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
9610000 shares
CY2022Q4 us-gaap Treasury Stock Value
TreasuryStockValue
481 usd
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
481 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
22349767 usd
CY2021Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
21884962 usd
CY2021Q4 us-gaap Stockholders Equity Note Subscriptions Receivable
StockholdersEquityNoteSubscriptionsReceivable
1000000 usd
CY2022Q4 ocg Statutory Reserves
StatutoryReserves
124757 usd
CY2021Q4 ocg Statutory Reserves
StatutoryReserves
112347 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
28315319 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
25092043 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1175056 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
1097956 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
49615848 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
47188360 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
53388848 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
50837272 usd
CY2022 ocg Service Revenues Net
ServiceRevenuesNet
17646814 usd
CY2021 ocg Service Revenues Net
ServiceRevenuesNet
37363303 usd
CY2020 ocg Service Revenues Net
ServiceRevenuesNet
17225630 usd
CY2022 ocg Service Revenues Related Party
ServiceRevenuesRelatedParty
166325 usd
CY2021 ocg Service Revenues Related Party
ServiceRevenuesRelatedParty
233157 usd
CY2020 ocg Service Revenues Related Party
ServiceRevenuesRelatedParty
213172 usd
CY2022 us-gaap Revenues
Revenues
17813139 usd
CY2021 us-gaap Revenues
Revenues
37596460 usd
CY2020 us-gaap Revenues
Revenues
17438802 usd
CY2022 us-gaap Cost Of Revenue
CostOfRevenue
996459 usd
CY2021 us-gaap Cost Of Revenue
CostOfRevenue
2425420 usd
CY2020 us-gaap Cost Of Revenue
CostOfRevenue
2642163 usd
CY2022 us-gaap Gross Profit
GrossProfit
16816680 usd
CY2021 us-gaap Gross Profit
GrossProfit
35171040 usd
CY2020 us-gaap Gross Profit
GrossProfit
14796639 usd
CY2022 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7668248 usd
CY2021 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
15598482 usd
CY2020 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4242231 usd
CY2022 ocg Selling And Marketing Related Party
SellingAndMarketingRelatedParty
43590 usd
CY2021 ocg Selling And Marketing Related Party
SellingAndMarketingRelatedParty
359968 usd
CY2020 ocg Selling And Marketing Related Party
SellingAndMarketingRelatedParty
1762652 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6276661 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8103840 usd
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6943803 usd
CY2022 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
238830 usd
CY2021 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
223284 usd
CY2020 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
201865 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
14227329 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
24285574 usd
CY2020 us-gaap Operating Expenses
OperatingExpenses
13150551 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
2589351 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
10885466 usd
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
1646088 usd
CY2022 ocg Gain From Shortterm Investment
GainFromShorttermInvestment
156066 usd
CY2021 ocg Gain From Shortterm Investment
GainFromShorttermInvestment
169065 usd
CY2020 ocg Gain From Shortterm Investment
GainFromShorttermInvestment
93007 usd
CY2022 us-gaap Interest And Other Income
InterestAndOtherIncome
226158 usd
CY2021 us-gaap Interest And Other Income
InterestAndOtherIncome
197237 usd
CY2020 us-gaap Interest And Other Income
InterestAndOtherIncome
139916 usd
CY2022 us-gaap Other Income
OtherIncome
268923 usd
CY2021 us-gaap Other Income
OtherIncome
192505 usd
CY2020 us-gaap Other Income
OtherIncome
169096 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
651147 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
558807 usd
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
402019 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3240498 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
11444273 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
2048107 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4812 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3235686 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
11444273 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2048107 usd
CY2022 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-2273012 usd
CY2021 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
174841 usd
CY2020 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
1144657 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
962674 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11619114 usd
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3192764 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
21108143 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
20484272 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15615729 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
13099272 usd
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
17277210 usd
CY2020 us-gaap Profit Loss
ProfitLoss
2048107 usd
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1144657 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
33569246 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2000000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
11444273 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
174841 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
47188360 usd
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
1000000 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
464814 usd
CY2022 us-gaap Profit Loss
ProfitLoss
3235686 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2273012 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
49615848 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
3235686 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
11444273 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
2048107 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
654709 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
399223 usd
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
308274 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
156066 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
169065 usd
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
93007 usd
CY2020 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-437 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
44602 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
108502 usd
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
usd
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
117432 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2022 ocg Noncash Lease Expense
NoncashLeaseExpense
22890 usd
CY2021 ocg Noncash Lease Expense
NoncashLeaseExpense
23075 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
25590 usd
CY2022 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
464814 usd
CY2022 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
200 usd
CY2021 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-251997 usd
CY2020 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-779503 usd
CY2022 ocg Decrease In Accounts Receivable Related Party
DecreaseInAccountsReceivableRelatedParty
22679 usd
CY2021 ocg Decrease In Accounts Receivable Related Party
DecreaseInAccountsReceivableRelatedParty
7998 usd
CY2022 ocg Decrease In Other Receivables Related Party
DecreaseInOtherReceivablesRelatedParty
3181230 usd
CY2021 ocg Decrease In Other Receivables Related Party
DecreaseInOtherReceivablesRelatedParty
874228 usd
CY2020 ocg Decrease In Other Receivables Related Party
DecreaseInOtherReceivablesRelatedParty
778684 usd
CY2022 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
2662141 usd
CY2021 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-1840109 usd
CY2020 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
1436464 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1515337 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3246292 usd
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4392974 usd
CY2022 ocg Increasedecrease In Accounts Payable Related Parties
IncreasedecreaseInAccountsPayableRelatedParties
28167 usd
CY2021 ocg Increasedecrease In Accounts Payable Related Parties
IncreasedecreaseInAccountsPayableRelatedParties
-1241722 usd
CY2020 ocg Increasedecrease In Accounts Payable Related Parties
IncreasedecreaseInAccountsPayableRelatedParties
952820 usd
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-196548 usd
CY2021 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
443540 usd
CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
51738 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-919371 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
192497 usd
CY2020 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
288331 usd
CY2021 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-7294 usd
CY2020 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
-54273 usd
CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-14427 usd
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-157320 usd
CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
33662 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-24928 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1211385 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9024887 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6610850 usd
CY2022 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
22152510 usd
CY2021 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
44921336 usd
CY2020 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
24422988 usd
CY2022 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
23965569 usd
CY2021 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
42453852 usd
CY2020 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
25285807 usd
CY2022 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
446024 usd
CY2021 ocg Purchase Of Certificate Of Deposits
PurchaseOfCertificateOfDeposits
3136910 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2021 ocg Recognized As Revenues
RecognizedAsRevenues
-36542832 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
708951 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9598351 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9388 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
49613 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
785590 usd
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
9642 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-13178917 usd
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
12613083 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
608471 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2809418 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-11769294 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1000000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2000000 usd
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
18090668 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1000000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2000000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
18090668 usd
CY2022 ocg Effect Of Exchange Rate On Cash And Cash Equivalent
EffectOfExchangeRateOnCashAndCashEquivalent
-809912 usd
CY2021 ocg Effect Of Exchange Rate On Cash And Cash Equivalent
EffectOfExchangeRateOnCashAndCashEquivalent
-126514 usd
CY2020 ocg Effect Of Exchange Rate On Cash And Cash Equivalent
EffectOfExchangeRateOnCashAndCashEquivalent
322580 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-412826 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8088955 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
13254804 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29398047 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21309092 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8054288 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28985221 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
29398047 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21309092 usd
CY2020 ocg Proceeds From Initial Public Offerings Deposited With Escrow
ProceedsFromInitialPublicOfferingsDepositedWithEscrow
600000 usd
CY2022 ocg Initial Recognition Of Rightofuse Assets And Lease Liabilities
InitialRecognitionOfRightofuseAssetsAndLeaseLiabilities
45659 usd
CY2021 ocg Initial Recognition Of Rightofuse Assets And Lease Liabilities
InitialRecognitionOfRightofuseAssetsAndLeaseLiabilities
34608 usd
CY2022 ocg Cash And Cash Equivalents
CashAndCashEquivalents
17188833 usd
CY2021 ocg Cash And Cash Equivalents
CashAndCashEquivalents
29398047 usd
CY2020 ocg Cash And Cash Equivalents
CashAndCashEquivalents
21309092 usd
CY2022 ocg Restricted Cashs
RestrictedCashs
11796388 usd
CY2022 ocg Total Cash Cash Equivalents And Restricted Cash Shown In The Consolidated Statements Of Cash Flows
TotalCashCashEquivalentsAndRestrictedCashShownInTheConsolidatedStatementsOfCashFlows
28985221 usd
CY2021 ocg Total Cash Cash Equivalents And Restricted Cash Shown In The Consolidated Statements Of Cash Flows
TotalCashCashEquivalentsAndRestrictedCashShownInTheConsolidatedStatementsOfCashFlows
29398047 usd
CY2020 ocg Total Cash Cash Equivalents And Restricted Cash Shown In The Consolidated Statements Of Cash Flows
TotalCashCashEquivalentsAndRestrictedCashShownInTheConsolidatedStatementsOfCashFlows
21309092 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 1 – Nature of business and organization</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Oriental Culture Holding Ltd. (“Oriental Culture”) is a holding company incorporated on November 29, 2018, under the laws of the Cayman Islands. Oriental Culture Holding Ltd., its subsidiaries and variable interest entity (“VIE”) and its subsidiaries are hereafter referred to as the “Company”.</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">Oriental Culture has no substantial operations other than holding all of the outstanding share capital of Oriental Culture Development (“Oriental Culture BVI”), China International Assets and Equity of Artworks Exchange Limited (“International Culture”) and HKDAEx Limited. Oriental Culture BVI is also a holding company holding all of the outstanding share capital of HK Oriental Culture Investment Development Limited (“Oriental Culture HK”). Oriental Culture HK is also a holding company holding all of the outstanding equity of Nanjing Rongke Business Consulting Service Co., Ltd. (“Oriental Culture WFOE” or “WFOE”).</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">The Company, through its direct subsidiary Oriental Culture HK and VIE, Jiangsu Yanggu Culture Development Co., Ltd. and subsidiaries (“Jiangsu Yanggu”) and International Culture are engaged in providing online platforms that facilitate the e-commerce trading of artwork and collectables and the online trading of commodities, principally teas. The Company’s headquarters were located in the City of Nanjing, in the People’s Republic of China (the “PRC” or “China”). All of the Company’s business activities are carried out by Oriental Culture HK, Jiangsu Yanggu and Jiangsu Yanggu’s subsidiaries.</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">On May 8, 2019, Oriental Culture completed its reorganization of entities under common control of various shareholders, who collectively owned 100% of the equity interests of Oriental Culture prior to the reorganization. Oriental Culture, Oriental Culture BVI, and Oriental Culture HK, were established as the holding companies of Oriental Culture WFOE. Oriental Culture WFOE is the primary beneficiary of Jiangsu Yanggu and its subsidiaries. Prior to the reorganization, Jiangsu Yanggu and International Culture were under common control, as the same group of shareholders held more than 50% of the voting ownership interest of each entity, and contemporaneous written evidence of agreements to vote a majority of the entities’ shares in concert exists. Oriental Culture, International Culture and Jiangsu Yanggu were under common control, which resulted in the consolidation of International Culture and Jiangsu Yanggu, which was accounted for as a reorganization of entities under common control at their carrying values. The financial statements are prepared on the basis as if the reorganization became effective as of the beginning of the first period presented in the accompanying consolidated financial statements of Oriental Culture.</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">On May 9, 2019, the Company acquired all outstanding equity interest of HKDAEx Limited (“HKDAEx”), which provides the Company’s customers with an additional online trading platform in Hong Kong. Therefore, starting in second half of 2019, the Company expanded its business operations to include online trading of certain commodities, primarily teas on the platform of HKDAEx.</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"><b><span style="text-decoration:underline">Contractual Arrangements</span></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">In the PRC, investment activities by foreign investors are principally governed by the Special Administrative Measures (Negative List) for Foreign Investment Access which is updated from time to time by MOFCOM and NDRC. In June, 2020, the MOFCOM and the NDRC promulgated the Special Administrative Measures (Negative List) for Foreign Investment Access (2020 Version), or the Negative List, which became effective on July 23, 2020. On December 27, 2020, the Special Administrative Measures for foreign investment access (Negative List) (2021 version) was issued and became effective on January 1, 2022, replacing the Special Administrative Measures for foreign investment access (Negative List) (2020 version). The Negative List divides industries into two categories: restricted and prohibited. Industries not listed in the Negative List are generally open to foreign investment unless specifically restricted by other PRC regulations.</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">Oriental Culture is a Cayman Islands company and its subsidiaries including Oriental Culture WFOE is considered a foreign invested enterprise. Although the business the Company conducts through Jiangsu Yanggu is not within the category in which foreign investment is currently restricted or prohibited under the Negative List or other PRC Laws, the Company expects that in the future Jiangsu Yanggu will engage in marketing survey services for online marketplaces. Marketing survey services are within the category in which foreign investment is restricted pursuant to the Negative List. In addition, the Company intends to centralize the Company’s management and operations in the PRC to avoid being restricted to conduct certain business activities which are important for the Company’s current or future business but are currently restricted or might be restricted in the future. As such, Jiangsu Yanggu is controlled through contractual arrangements in lieu of direct equity ownership by the Company or any of its subsidiaries. Such contractual arrangements are comprised of a series of four agreements (collectively the “Contractual Arrangements”), of which the significant terms are as follows:</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"><span style="text-decoration:underline">Contractual Agreements with Jiangsu Yanggu</span></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"><i>Technical Consultation and Services Agreement</i></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">Pursuant to the technical consultation and services agreement between Oriental Culture WFOE and Jiangsu Yanggu, Oriental Culture WFOE has the exclusive right to provide consultation and services to Jiangsu Yanggu in the areas of management, human resources, technology and intellectual property rights. For such services, Jiangsu Yanggu agrees to pay service fees of 100% of its net income to Oriental Culture WFOE and also Oriental Culture WFOE has the obligation to absorb 100% of the losses of Jiangsu Yanggu.</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">The WFOE exclusively owns any intellectual property rights arising from the performance of this Technical Consultation and Services Agreement. The term of the Technical Consultation and Service Agreement is 20 years until May 7, 2039. Oriental Culture WFOE may terminate this agreement at any time by giving 30 days’ written notice to Jiangsu Yanggu.</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"><i>Equity Pledge Agreement</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the Equity Pledge Agreements among Oriental Culture WFOE, Jiangsu Yanggu and Jiangsu Yanggu’s shareholders dated May 8, 2019, each of Jiangsu Yanggu’s shareholders pledged all of their equity interests in Jiangsu Yanggu to Oriental Culture WFOE to guarantee Jiangsu Yanggu’s performance of relevant obligations and indebtedness under the Technical Consultation and Services Agreement and other agreements. If Jiangsu Yanggu breaches its obligations under the Contractual Agreements, Oriental Culture WFOE, as pledgee, will be entitled to certain rights, including the right to dispose of the pledged equity interests in order to recover the damages associated with such breach. The pledge is valid until all of Jiangsu Yanggu’s shareholders are no longer shareholders of Jiangsu Yanggu, or until the satisfaction of all Jiangsu Yanggu’s obligations under the Contractual Agreements.</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"><i>Equity Option Agreement</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Pursuant to the Equity Option Agreement among Oriental Culture WFOE, Jiangsu Yanggu and Jiangsu Yanggu’s shareholders dated May 8, 2019, Oriental Culture WFOE has the exclusive right to require Jiangsu Yanggu’s shareholders to fulfill and complete all approval and registration procedures required under PRC laws for Oriental Culture WFOE to purchase, or designate one or more persons to purchase, each shareholders’ equity interests in Jiangsu Yanggu, in one or multiple transactions, at any time or from time to time, at Oriental Culture WFOE’s sole and absolute discretion. The purchase price shall be the lowest price allowed by PRC laws. The Equity Option Agreement shall remain effective until all the equity interests owned by Jiangsu Yanggu’s shareholders have been legally transferred to Oriental Culture WFOE or its designee(s).</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"><i>Voting Rights Proxy and Financial Supporting Agreements</i></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">Pursuant to the voting rights proxy and financial supporting agreements, as amended, among the shareholders of Jiangsu Yanggu and Oriental Culture WFOE, Jiangsu Yanggu’s shareholders have given Oriental Culture WFOE an irrevocable proxy to act on their behalf on all matters pertaining to Jiangsu Yanggu and to exercise all of their rights as shareholders of Jiangsu Yanggu, including the right to attend shareholders meeting, to exercise voting rights and to transfer all or a part of their equity interests in Jiangsu Yanggu. In consideration of such granted rights, Oriental Culture WFOE agrees to provide the necessary financial support to Jiangsu Yanggu whether or not Jiangsu Yanggu incurs losses, and agrees not to request repayment if Jiangsu Yanggu is unable to do so. The agreements is in effect for 20 years until May 7, 2039. </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">Based on the foregoing contractual arrangements, which grant Oriental Culture WFOE effective control of Jiangsu Yanggu and its subsidiaries and obligates Oriental Culture WFOE to absorb 100% of the risk of loss from its activities, as well as enable Oriental Culture WFOE to receive 100% of the expected residual returns, the Company accounts for Jiangsu Yanggu and its subsidiaries as VIEs. Accordingly, the Company consolidates the accounts of Jiangsu Yanggu and its subsidiaries in accordance with Regulation S-X-3A-02 promulgated by the Securities Exchange Commission (“SEC”), and the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Section 810-10, Consolidation.</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">On January 28, 2021, Oriental Culture WFOE entered into an Amended and Restated Equity Pledge Agreement, an Amended and Restated Equity Option Agreement, and an Amended and Restated Voting Rights Proxy and Financial Supporting Agreement (“Amended and Restated VIE Agreements”) with Jiangsu Yanggu and all shareholders of Jiangsu Yanggu in order to amend and restate the Equity Pledge Agreement, Equity Option Agreement, and Voting Rights Proxy and Financial Supporting Agreement originally entered by the parties in May, 2019 (“Original VIE Agreements”). The Amended and Restated VIE Agreements were made principally to reflect a change of the share ownership of Jiangsu Yanggu as a result of the transfer by Mr. Weipeng Liang of his 10% equity interest in Jiangsu Yanggu to Ms. Yuanyuan Xiao on January 28, 2021. Except for the change of the share ownership of Jiangsu Yanggu due to such equity transfer, there are no other changes to the terms of the Original VIE Agreements.</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">The accompanying consolidated financial statements reflect the activities of the Company and each of the following entities:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: top; border-bottom: black 1.5pt solid; padding-left: 9pt; text-indent: -9pt"><span style="font-size: 10pt"><b>Name</b></span></td> <td style="vertical-align: bottom"> </td> <td style="text-align: center; vertical-align: bottom; border-bottom: black 1.5pt solid"><span style="font-size: 10pt"><b>Background</b></span></td> <td style="vertical-align: bottom"> </td> <td style="border-bottom: black 1.5pt solid; text-align: center"><span style="font-size: 10pt"><b>Ownership</b></span></td></tr> <tr> <td style="vertical-align: top; width: 30%; padding-left: 9pt; text-indent: -9pt"><span style="font-size: 10pt">China International Assets and Equity of Artworks Exchange Limited (“International Culture”)</span></td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="vertical-align: bottom; width: 49%"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">● A Hong Kong company</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">● Incorporated on November 22, 2013, commenced operations in March 2018.</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">● Engages in providing an online platform that facilitates e-commerce of collectible and artwork trading</p></td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="width: 19%"><span style="font-size: 10pt">100%</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td> </td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><span style="font-size: 10pt">HKDAEx Limited (“HKDAEx”)</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">● A Hong Kong company</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">● Incorporated on April 18, 2018</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">● Engages in providing an online platform that facilitates e-commerce of certain commodities trading</p></td> <td style="vertical-align: bottom"> </td> <td><span style="font-size: 10pt">100%</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td> </td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><span style="font-size: 10pt">Oriental Culture BVI</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">● A British Virgin Islands company</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">● Incorporated on December 6, 2018</p></td> <td style="vertical-align: bottom"> </td> <td><span style="font-size: 10pt">100%</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td> </td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><span style="font-size: 10pt">Oriental Culture HK</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">● A Hong Kong company</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">● Incorporated on January 3, 2019</p></td> <td style="vertical-align: bottom"> </td> <td><span style="font-size: 10pt">100% owned by Oriental Culture BVI</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td> </td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><span style="font-size: 10pt">Oriental Culture WFOE</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">● A PRC limited liability company and deemed a wholly foreign owned enterprise (“WFOE”)</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">● Incorporated on May 7, 2019</p></td> <td style="vertical-align: bottom"> </td> <td><span style="font-size: 10pt">100% owned by Oriental Culture HK</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td> </td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><span style="font-size: 10pt">Jiangsu Yanggu</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">● A PRC limited liability company</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">● Incorporated on August 23, 2017, commenced operations in March 2018.</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">● Holding company of Nanjing Yanyu and Nanjing Yanqing</p></td> <td style="vertical-align: bottom"> </td> <td><span style="font-size: 10pt">VIE of Oriental Culture WFOE</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td> </td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><span style="font-size: 10pt">Nanjing Yanyu Information Technology Co., Ltd. (“Nanjing Yanyu”)</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">● A PRC limited liability company</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">● Incorporated on June 7, 2018</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">● Provides support services to Jiangsu Yanggu, International Culture, HKDAEx, Kashi Longrui and Kashi Dongfang</p></td> <td style="vertical-align: bottom"> </td> <td><span style="font-size: 10pt">100% owned by Jiangsu Yanggu</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td> </td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><span style="font-size: 10pt">Nanjing Yanqing Information Technology Co., Ltd. (“Nanjing Yanqing”)</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">● A PRC limited liability company</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">● Incorporated on May 17, 2018</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">● Holding company of Kashi Longrui and Kashi Dongfang</p></td> <td style="vertical-align: bottom"> </td> <td><span style="font-size: 10pt">100% owned by Jiangsu Yanggu</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td> </td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><span style="font-size: 10pt">Kashi Longrui Business Management Service Co., Ltd. (“Kashi Longrui”)</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">● A PRC limited liability company</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">● Incorporated on July 19, 2018</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">● Operating entity provides marketing services</p></td> <td style="vertical-align: bottom"> </td> <td><span style="font-size: 10pt">100% owned by Nanjing Yanqing</span></td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> </td> <td> </td></tr> <tr> <td style="vertical-align: top; padding-left: 9pt; text-indent: -9pt"><span style="font-size: 10pt">Kashi Dongfang Cangpin Culture Development Co., Ltd. (“Kashi Dongfang”)</span></td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">● A PRC limited liability company</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">● Incorporated on August 29, 2018</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">● Operating entity provides listing and warehouse services</p></td> <td style="vertical-align: bottom"> </td> <td><span style="font-size: 10pt">100% owned by Nanjing Yanqing</span></td></tr> </table>
CY2022Q4 srt Financing Receivable Nonaccrual To Outstanding Percent
FinancingReceivableNonaccrualToOutstandingPercent
1 pure
CY2021Q1 us-gaap Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
10 usd
CY2020Q4 us-gaap Deferred Revenue
DeferredRevenue
243355 usd
CY2022 ocg Customer Advances
CustomerAdvances
16803450 usd
CY2022 ocg Proceeds From Initial Public Offerings Deposited With Escrow
ProceedsFromInitialPublicOfferingsDepositedWithEscrow
usd
CY2021 ocg Restricted Cashs
RestrictedCashs
usd
CY2019Q4 ocg Outstanding Ordinary Shares Percentage
OutstandingOrdinarySharesPercentage
0.125 pure
CY2019Q4 ocg Number Of Ordinary Shares
NumberOfOrdinaryShares
3100000 shares
CY2020Q2 ocg Aggregate Number Of Surrendered Shares
AggregateNumberOfSurrenderedShares
6510000 shares
CY2020Q2 ocg Outstanding Ordinary Shares Percentage
OutstandingOrdinarySharesPercentage
0.30 pure
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Use of estimates and assumptions </span></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 preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated financial statements include revenue recognition, allowance for doubtful accounts, the useful lives of property and equipment and intangible assets and impairment of long-lived assets. Actual results could differ from these estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2021 ocg Customer Advances
CustomerAdvances
36991645 usd
CY2022Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
6.96
CY2021Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
6.38
CY2022Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
6.73
CY2021Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
6.45
CY2020Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
6.9
CY2022Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
7.8
CY2021Q4 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
7.8
CY2022Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
7.83
CY2021Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
7.77
CY2020Q4 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
7.76
CY2022Q4 us-gaap Other Short Term Investments
OtherShortTermInvestments
4703323 usd
CY2021Q4 us-gaap Other Short Term Investments
OtherShortTermInvestments
3748900 usd
CY2022 ocg Investment Maturity Period
InvestmentMaturityPeriod
P1Y
CY2020 ocg Restricted Cashs
RestrictedCashs
usd
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage
SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage
0.115 pure
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
11796388 usd
CY2022 ocg Proceeds From Sale Of Short Term Investment
ProceedsFromSaleOfShortTermInvestment
156066 usd
CY2021 ocg Proceeds From Sale Of Short Term Investment
ProceedsFromSaleOfShortTermInvestment
169065 usd
CY2020 ocg Proceeds From Sale Of Short Term Investment
ProceedsFromSaleOfShortTermInvestment
93007 usd
CY2022Q4 us-gaap Other Short Term Investments
OtherShortTermInvestments
4703323 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
usd
CY2020Q4 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
600000 usd
CY2023Q1 ocg Released Amount
ReleasedAmount
600000 usd
CY2022 ocg Leasehold Improvements
LeaseholdImprovements
lesser of lease term or expected useful life
CY2022 ocg Recognized As Revenues
RecognizedAsRevenues
-16993268 usd
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
25590 usd
CY2022Q1 ocg Equity Interest Percentage
EquityInterestPercentage
0.11875 pure
CY2022Q1 us-gaap Capital
Capital
60000000 cny
CY2022Q1 us-gaap Capital
Capital
9200000 usd
CY2022Q4 us-gaap Other Investments
OtherInvestments
430750 usd
CY2022Q4 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.03575 pure
CY2022 us-gaap Interest Income Other
InterestIncomeOther
106302 usd
CY2021 us-gaap Interest Income Other
InterestIncomeOther
58000 usd
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
697863 usd
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
usd
CY2020 us-gaap Interest Income Other
InterestIncomeOther
usd
CY2022 ocg Effect Of Exchange Rate Cash
EffectOfExchangeRateCash
-59008 usd
CY2021 ocg Effect Of Exchange Rate Cash
EffectOfExchangeRateCash
5695 usd
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
449037 usd
CY2021Q4 us-gaap Deferred Revenue
DeferredRevenue
697863 usd
CY2021 ocg Gross Revenue Generated From Contracts
GrossRevenueGeneratedFromContracts
119000 usd
CY2020 ocg Gross Revenue Generated From Contracts
GrossRevenueGeneratedFromContracts
62000 usd
CY2022 ocg Transaction Fee Revenue
TransactionFeeRevenue
1100000 usd
CY2021 ocg Transaction Fee Revenue
TransactionFeeRevenue
3400000 usd
CY2020 ocg Transaction Fee Revenue
TransactionFeeRevenue
2600000 usd
CY2022 ocg Other Revenue From Related Parties
OtherRevenueFromRelatedParties
166325 usd
CY2021 ocg Other Revenue From Related Parties
OtherRevenueFromRelatedParties
233157 usd
CY2020 ocg Other Revenue From Related Parties
OtherRevenueFromRelatedParties
213172 usd
CY2022 ocg Listing Service Fees
ListingServiceFees
-1244251 usd
CY2021 ocg Listing Service Fees
ListingServiceFees
-6900561 usd
CY2020 ocg Listing Service Fees
ListingServiceFees
-8405211 usd
CY2022 ocg Transaction Fees
TransactionFees
-13643958 usd
CY2021 ocg Transaction Fees
TransactionFees
-24462861 usd
CY2020 ocg Transaction Fees
TransactionFees
-7075283 usd
CY2022 ocg Selling And Marketing Service Fees
SellingAndMarketingServiceFees
-2749224 usd
CY2021 ocg Selling And Marketing Service Fees
SellingAndMarketingServiceFees
-5750901 usd
CY2020 ocg Selling And Marketing Service Fees
SellingAndMarketingServiceFees
-1370164 usd
CY2022 ocg Other Revenues
OtherRevenues
-175706 usd
CY2021 ocg Other Revenues
OtherRevenues
-482137 usd
CY2020 ocg Other Revenues
OtherRevenues
-588144 usd
CY2022 us-gaap Revenues
Revenues
17813139 usd
CY2021 us-gaap Revenues
Revenues
37596460 usd
CY2020 us-gaap Revenues
Revenues
17438802 usd
CY2022Q4 ocg Variable Interest Entity Total Liabilities
VariableInterestEntityTotalLiabilities
-4047943 usd
CY2022 ocg Gross Revenue Generated From Contracts
GrossRevenueGeneratedFromContracts
usd
CY2021Q4 ocg Variable Interest Entity Total Liabilities
VariableInterestEntityTotalLiabilities
-3687973 usd
CY2022Q4 ocg Variable Interest Entity Net Assets
VariableInterestEntityNetAssets
40619836 usd
CY2022 ocg Selling And Marketing Expensesrelated Party
SellingAndMarketingExpensesrelatedParty
43590 usd
CY2021 ocg Selling And Marketing Expensesrelated Party
SellingAndMarketingExpensesrelatedParty
359968 usd
CY2020 ocg Selling And Marketing Expensesrelated Party
SellingAndMarketingExpensesrelatedParty
1762652 usd
CY2022 ocg Value Added Tax Percentage Rate
ValueAddedTaxPercentageRate
0.06 pure
CY2022 ocg Tax Benefit Percentage
TaxBenefitPercentage
0.50 pure
CY2022 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Leases</span></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">The Company adopted FASB ASU 2016-02, “Leases” (Topic 842) for the year ended December 31, 2021, and elected the practical expedients that does not require us to reassess: (1) whether any expired or existing contracts are, or contain, leases, (2) lease classification for any expired or existing leases and (3) initial direct costs for any expired or existing leases. For lease terms of twelve months or less, a lessee is permitted to make an accounting policy election not to recognize lease assets and liabilities. The Company also adopted the practical expedient that allows lessees to treat the lease and non-lease components of a lease as a single lease component. Upon adoption, the Company recognized $34,608 of a right of use (“ROU”) assets and same amount of lease liabilities based on the present value of the future minimum rental payments of leases, using an incremental borrowing rate of 4.75% based on the duration of lease terms.</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">Operating lease ROU assets and lease liabilities are recognized at the adoption date or the commencement date, whichever is earlier, based on the present value of lease payments over the lease term. Since the implicit rate for the Company’s leases is not readily determinable, the Company used its incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. The incremental borrowing rate is the rate of interest that the Company would have to pay to borrow, on a collateralized basis, an amount equal to the lease payments, in a similar economic environment and over a similar term.</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">Lease terms used to calculate the present value of lease payments generally do not include any options to extend, renew, or terminate the lease, as the Company does not have reasonable certainty at lease inception that these options will be exercised. The Company generally considers the economic life of its operating lease ROU assets to be comparable to the useful life of similar owned assets. The Company has elected the short-term lease exception, therefore operating lease ROU assets and liabilities do not include leases with a lease term of twelve months or less. Its leases generally do not provide a residual guarantee. The operating lease ROU asset also excludes lease incentives. Lease expense is recognized on a straight-line basis over the lease term.</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">The Company reviews for impairment of its ROU assets consistent with the approach applied for its other long-lived assets. The Company reviews the recoverability of its long-lived assets when events or changes in circumstances occur that indicate that the carrying value of the asset may not be recoverable. The assessment of possible impairment is based on its ability to recover the carrying value of the asset from the expected undiscounted future pre-tax cash flows of the related operations. The Company has elected to include the carrying amount of operating lease liabilities in any tested asset group and include the associated operating lease payments in the undiscounted future pre-tax cash flows.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
34608 usd
CY2022 us-gaap Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
0.0475 pure
CY2021Q4 ocg Employee Advances And Others
EmployeeAdvancesAndOthers
usd
CY2022 us-gaap Other Operating Income
OtherOperatingIncome
240000 usd
CY2022Q4 us-gaap Contract With Customer Refund Liability
ContractWithCustomerRefundLiability
61000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Deductions Other
EffectiveIncomeTaxRateReconciliationDeductionsOther
0.10 pure
CY2022 us-gaap Rental Income Nonoperating
RentalIncomeNonoperating
112000 usd
CY2022 ocg Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
269000 usd
CY2021 ocg Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
193000 usd
CY2020 ocg Allowance For Doubtful Accounts
AllowanceForDoubtfulAccounts
169000 usd
CY2022 ocg Statutory Surplus Reserve Fund
statutorySurplusReserveFund
0.10 pure
CY2022 ocg Registered Capital Percentage
RegisteredCapitalPercentage
0.50 pure
CY2022 ocg Statutory Reserve Fund
StatutoryReserveFund
12410 usd
CY2021 ocg Statutory Reserve Fund
StatutoryReserveFund
0 usd
CY2020 ocg Statutory Reserve Fund
StatutoryReserveFund
0 usd
CY2021Q4 ocg Variable Interest Entity Net Assets
VariableInterestEntityNetAssets
36655086 usd
CY2021Q4 ocg Variable Interest Entity Other Noncurrent Assets
VariableInterestEntityOtherNoncurrentAssets
3801822 usd
CY2022Q4 ocg Variable Interest Entity Total Assets
VariableInterestEntityTotalAssets
44667779 usd
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
124856 usd
CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
105565 usd
CY2020 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
61305 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 pure
CY2022 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 pure
CY2021Q1 us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.10 pure
CY2022Q4 ocg Variable Interest Entity Consolidated Current Assets
VariableInterestEntityConsolidatedCurrentAssets
34200319 usd
CY2021Q4 ocg Variable Interest Entity Consolidated Current Assets
VariableInterestEntityConsolidatedCurrentAssets
26650671 usd
CY2022Q4 ocg Variable Interest Entity Property And Equipment Net
VariableInterestEntityPropertyAndEquipmentNet
9417777 usd
CY2021Q4 ocg Variable Interest Entity Property And Equipment Net
VariableInterestEntityPropertyAndEquipmentNet
9890566 usd
CY2022Q4 ocg Variable Interest Entity Other Noncurrent Assets
VariableInterestEntityOtherNoncurrentAssets
1049683 usd
CY2021Q4 ocg Variable Interest Entity Total Assets
VariableInterestEntityTotalAssets
40343059 usd
CY2022 ocg Withholding Tax Rate
WithholdingTaxRate
0.10 pure
CY2022Q4 ocg Variable Interest Entity Accounts Payable
VariableInterestEntityAccountsPayable
2889312 usd
CY2021Q4 ocg Variable Interest Entity Accounts Payable
VariableInterestEntityAccountsPayable
1483827 usd
CY2022Q4 ocg Variable Interest Entity Accounts Payable Related Parties
VariableInterestEntityAccountsPayableRelatedParties
28727 usd
CY2021Q4 ocg Variable Interest Entity Accounts Payable Related Parties
VariableInterestEntityAccountsPayableRelatedParties
1665 usd
CY2022Q4 ocg Variable Interest Entity Deferred Revenue
VariableInterestEntityDeferredRevenue
449037 usd
CY2021Q4 ocg Variable Interest Entity Deferred Revenue
VariableInterestEntityDeferredRevenue
697863 usd
CY2022Q4 ocg Variable Interest Entity Other Payables And Accrued Liabilities
VariableInterestEntityOtherPayablesAndAccruedLiabilities
667495 usd
CY2021Q4 ocg Variable Interest Entity Other Payables And Accrued Liabilities
VariableInterestEntityOtherPayablesAndAccruedLiabilities
1474792 usd
CY2022Q4 ocg Variable Interest Entity Taxes Payable
VariableInterestEntityTaxesPayable
13372 usd
CY2021Q4 ocg Variable Interest Entity Taxes Payable
VariableInterestEntityTaxesPayable
29826 usd
CY2022Q4 ocg Variable Interest Entity Liabilities
VariableInterestEntityLiabilities
4047943 usd
CY2021Q4 ocg Variable Interest Entity Liabilities
VariableInterestEntityLiabilities
3687973 usd
CY2022 ocg Variable Interest Entity Operating Revenues
VariableInterestEntityOperatingRevenues
17813254 usd
CY2021 ocg Variable Interest Entity Operating Revenues
VariableInterestEntityOperatingRevenues
37596460 usd
CY2020 ocg Variable Interest Entity Operating Revenues
VariableInterestEntityOperatingRevenues
17438918 usd
CY2022 ocg Variable Interest Entity Income From Operations
VariableInterestEntityIncomeFromOperations
6728516 usd
CY2021 ocg Variable Interest Entity Income From Operations
VariableInterestEntityIncomeFromOperations
15203703 usd
CY2020 ocg Variable Interest Entity Income From Operations
VariableInterestEntityIncomeFromOperations
6793583 usd
CY2022 ocg Variable Interest Entity Net Income
VariableInterestEntityNetIncome
7314651 usd
CY2021 ocg Variable Interest Entity Net Income
VariableInterestEntityNetIncome
15762806 usd
CY2020 ocg Variable Interest Entity Net Income
VariableInterestEntityNetIncome
6948599 usd
CY2022Q4 ocg Trade Accounts Receivable
TradeAccountsReceivable
43282 usd
CY2021Q4 ocg Trade Accounts Receivable
TradeAccountsReceivable
156852 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
43075 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
109792 usd
CY2022Q4 ocg Accounts Receivables Net
AccountsReceivablesNet
207 usd
CY2021Q4 ocg Accounts Receivables Net
AccountsReceivablesNet
47060 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.10 pure
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
42087930 usd
CY2022Q4 ocg Rent And Other Deposits
RentAndOtherDeposits
16296 usd
CY2021Q4 ocg Rent And Other Deposits
RentAndOtherDeposits
14716 usd
CY2022Q4 ocg Employee Advances And Others
EmployeeAdvancesAndOthers
2799874 usd
CY2022Q4 ocg Prepaid Taxes And Services Fees
PrepaidTaxesAndServicesFees
915242 usd
CY2021Q4 ocg Prepaid Taxes And Services Fees
PrepaidTaxesAndServicesFees
8095 usd
CY2022Q4 us-gaap Prepaid Taxes
PrepaidTaxes
63682 usd
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
226206 usd
CY2022Q4 ocg Prepaid Service Fee
PrepaidServiceFee
646852 usd
CY2021Q4 ocg Prepaid Service Fee
PrepaidServiceFee
1136377 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4441946 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1385394 usd
CY2020Q4 us-gaap Deposits
Deposits
9900000 usd
CY2020Q4 ocg Second Payment
SecondPayment
3400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-914415 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-575602 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8457598 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9238795 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
599319 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
758044 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
464522 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9423713 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9904289 usd
CY2021Q4 us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
6840.41 shares
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
340296 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
186551 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
122409 usd
CY2022Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
816885 usd
CY2021Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
1120021 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
333135 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
212672 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
185865 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
320713 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
196955 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
161581 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
136099 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1537 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
816885 usd
CY2022Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
157961 usd
CY2021Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
172552 usd
CY2022Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
97052 usd
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
884825 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
35137 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
226858 usd
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
290150 usd
CY2021Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
1284235 usd
CY2021 us-gaap Partners Capital Account Return Of Capital
PartnersCapitalAccountReturnOfCapital
314000 usd
CY2021 ocg Increase Decrease In Deferred Revenue And Customer Advance And Deposits
IncreaseDecreaseInDeferredRevenueAndCustomerAdvanceAndDeposits
119000 usd
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
40203 usd
CY2021Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
789325 usd
CY2020Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
256000 usd
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
20484272 shares
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
34785070 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.25 pure
CY2022 ocg Board Members Voting Percentage
BoardMembersVotingPercentage
0.50 pure
CY2022 ocg Income Tax Maturity
IncomeTaxMaturity
P5Y
CY2022 ocg Tax Savings Amount
TaxSavingsAmount
1933000 usd
CY2021 ocg Tax Savings Amount
TaxSavingsAmount
4198000 usd
CY2020 ocg Tax Savings Amount
TaxSavingsAmount
2427000 usd
CY2022 ocg Decrease In Earnings Per Share Basic And Diluted
DecreaseInEarningsPerShareBasicAndDiluted
0.5
CY2021 ocg Decrease In Earnings Per Share Basic And Diluted
DecreaseInEarningsPerShareBasicAndDiluted
0.2
CY2020 ocg Decrease In Earnings Per Share Basic And Diluted
DecreaseInEarningsPerShareBasicAndDiluted
0.16
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.25 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.211 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.216 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.038 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.034 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.001 pure
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
961468 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
820610 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
10769 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
27125 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
972237 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
847735 usd
CY2021Q4 ocg Deferred Tax Assets Valuation Allowances
DeferredTaxAssetsValuationAllowances
847735 usd
CY2020Q4 ocg Deferred Tax Assets Valuation Allowances
DeferredTaxAssetsValuationAllowances
452009 usd
CY2022 ocg Deferred Tax Assets Valuation Allowance Additions
DeferredTaxAssetsValuationAllowanceAdditions
124502 usd
CY2021 ocg Deferred Tax Assets Valuation Allowance Additions
DeferredTaxAssetsValuationAllowanceAdditions
395726 usd
CY2022Q4 ocg Deferred Tax Assets Valuation Allowances
DeferredTaxAssetsValuationAllowances
972237 usd
CY2021Q4 ocg Deferred Tax Assets Valuation Allowances
DeferredTaxAssetsValuationAllowances
847735 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
4521000 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3786000 usd
CY2022Q4 ocg Value Added Tax Payable
ValueAddedTaxPayable
6858 usd
CY2021Q4 ocg Value Added Tax Payable
ValueAddedTaxPayable
27077 usd
CY2022Q4 ocg Other Taxes Payable
OtherTaxesPayable
6514 usd
CY2021Q4 ocg Other Taxes Payable
OtherTaxesPayable
2749 usd
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
13372 usd
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
29826 usd
CY2022 ocg Schedule Of Accounts Receivable Related Parties
ScheduleOfAccountsReceivableRelatedParties
<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"><b> </b></td><td style="text-align: center; font-weight: bold; padding-bottom: 1.5pt"><b> </b></td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center"><b>Relationship</b></td><td style="text-align: center; padding-bottom: 1.5pt"><b> </b></td> <td style="text-align: center; border-bottom: Black 1.5pt solid"><b>Nature</b></td><td style="text-align: center; padding-bottom: 1.5pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>December 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>2022</b></p></td><td style="text-align: center; padding-bottom: 1.5pt"><b> </b></td><td style="text-align: center; padding-bottom: 1.5pt"><b> </b></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>December 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><b>2021</b></p></td><td style="text-align: center; padding-bottom: 1.5pt"><b> </b></td></tr> <tr style="vertical-align: bottom"> <td style="text-align: left"> </td><td> </td> <td> </td><td> </td> <td> </td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="vertical-align: top; width: 29%; text-align: left; text-indent: -9pt; padding-left: 9pt">Nanjing Culture Exchange Art Property Exchange Co., Ltd. (“Nanjing Culture”)</td><td style="width: 1%"> </td> <td style="vertical-align: top; width: 25%; text-align: left">Mr. Huajun Gao, the general manager and director of Nanjing Culture, and Mr. Aimin Kong, the vice chairman of Nanjing Culture, each beneficially owns 11.5% shares of the Company</td><td style="width: 1%"> </td> <td style="vertical-align: top; width: 20%; text-align: left">Receivable from technological service fee revenue</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">16,345</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">6,070</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="vertical-align: top; text-align: left; padding-bottom: 1.5pt; text-indent: -9pt; padding-left: 9pt">Jinling Cultural Property Exchange Co., Ltd.(“Jinling Cultural”)</td><td style="padding-bottom: 1.5pt"> </td> <td style="vertical-align: top; text-align: left; padding-bottom: 1.5pt">Its major shareholder is also a major shareholder of Jiangsu Yanggu</td><td style="padding-bottom: 1.5pt"> </td> <td style="vertical-align: top; text-align: left; padding-bottom: 1.5pt">Receivable from technological service fee revenue</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">12,966</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">2,023</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt; text-indent: -9pt; padding-left: 9pt">Total</td><td style="padding-bottom: 4pt"> </td> <td style="padding-bottom: 4pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="padding-bottom: 4pt"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">29,311</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">8,093</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
29311000000 usd
CY2021Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
8093000000 usd
CY2022Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
28727 usd
CY2021Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
1665 usd
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
3262 usd
CY2022 ocg Service Revenues Related Party
ServiceRevenuesRelatedParty
166325 usd
CY2021 ocg Service Revenues Related Party
ServiceRevenuesRelatedParty
233157 usd
CY2020 ocg Service Revenues Related Party
ServiceRevenuesRelatedParty
213172 usd
CY2022 ocg Schedule Of Cost Of Revenues
ScheduleOfCostOfRevenues
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Relationship</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nature</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Year Ended<br/> December 31,<br/> 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Year Ended<br/> December 31,<br/> 2021</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; "> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 34%; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 25%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 15%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zhongcang Warehouse Co., Ltd.</span></td><td style="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">An 18% subsidiary of the VIE of the Company</span></td><td style="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="vertical-align: top; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Storage fees</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">304,400</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">730,006</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Advertising Expense
AdvertisingExpense
180000 usd
CY2022 ocg Actual Usage Percentage
ActualUsagePercentage
0.017 pure
us-gaap Contracts In Force Subject To Participation Through Reinsurance Percentage
ContractsInForceSubjectToParticipationThroughReinsurancePercentage
0.0225 pure
us-gaap Contracts In Force Subject To Participation Through Reinsurance Percentage
ContractsInForceSubjectToParticipationThroughReinsurancePercentage
0.015 pure
CY2022 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
51000 usd
CY2021 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
65000 usd
CY2020 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
54000 usd
CY2020Q4 ocg Percentage Of Beneficial Shareholder
PercentageOfBeneficialShareholder
0.115 pure
CY2020 ocg Monthly Rental Expense
MonthlyRentalExpense
14000 usd
CY2022 ocg Total Rental Expense
TotalRentalExpense
151000 usd
CY2021 ocg Total Rental Expense
TotalRentalExpense
158000 usd
CY2020 ocg Total Rental Expense
TotalRentalExpense
148000 usd
CY2019Q4 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
the shareholders of the Company adopted the Second Amended and Restated Articles of Association to effect a 2 for 1 forward share split of the total authorized and issued and outstanding shares of the Company. As a result of the 2 for 1 forward share split, the Company’s total authorized shares are 1,000,000,000 shares comprising of (i) 900,000,000 ordinary shares with a par value of $0.00005 each and (ii) 100,000,000 preferred shares with a par value of $0.00005 each, and the Company’s issued and outstanding ordinary shares increased from 12,400,000 shares to 24,800,000 shares. In addition, all existing shareholders agreed to surrender to the Company as treasury shares, 12.5% of the then outstanding ordinary shares (3,100,000 ordinary shares) for no consideration.
CY2020Q4 ocg Initial Public Offering Price Per Share
InitialPublicOfferingPricePerShare
4
CY2021 us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
1000000 usd
CY2022Q2 ocg Agreegated Shares
AgreegatedShares
182280 shares
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
464814 usd
CY2022 us-gaap Equity Fair Value Adjustment
EquityFairValueAdjustment
557777 usd
CY2022Q4 us-gaap Option Contract Indexed To Equity Settlement Share Fair Value Per Share
OptionContractIndexedToEquitySettlementShareFairValuePerShare
3.06
CY2021 ocg Warrants Issued
WarrantsIssued
600000 shares
CY2021 ocg Weighted Average Exercise Price Issued
WeightedAverageExercisePriceIssued
6
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
600000 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
600000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
6
CY2022 ocg After Tax Percentage
AfterTaxPercentage
0.10 pure
CY2022 ocg Reserve Funds Interest
ReserveFundsInterest
0.50 pure
CY2022Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
40620000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4000000 usd
CY2022Q3 us-gaap Investment Interest Rate
InvestmentInterestRate
0.115 pure
CY2022Q3 us-gaap Short Term Investments
ShortTermInvestments
16500000 usd
CY2022 ocg Lease Commitment Description
LeaseCommitmentDescription
These lease agreements have lease terms expiring between end of June 2022 and July 2024 with a monthly rental of approximately $1,900, $14,000 and $3,900, respectively.
CY2021Q1 ocg Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
34600 usd
CY2021Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
34600 usd
CY2021Q1 ocg Incremental Borrowing Rate
IncrementalBorrowingRate
0.0475 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
21027 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11536 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
32563 usd
CY2022Q4 us-gaap Receivable With Imputed Interest Premium
ReceivableWithImputedInterestPremium
264 usd
CY2022Q4 ocg Operating Lease Liabilities
OperatingLeaseLiabilities
32299 usd
CY2022 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
179552 usd
CY2021 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
186834 usd
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
usd
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
usd
CY2022Q4 ocg Escrow Deposits
EscrowDeposits
usd
CY2021Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15615729 shares
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
pure
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
usd
CY2022 ocg Nature Of Account Payable
NatureOfAccountPayable
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
usd
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
CY2022 ocg Warrants Issued
WarrantsIssued
shares
CY2022 ocg Weighted Average Exercise Price Issued
WeightedAverageExercisePriceIssued
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
00000
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001776067

Files In Submission

Name View Source Status
0001213900-23-034692-index-headers.html Edgar Link pending
0001213900-23-034692-index.html Edgar Link pending
0001213900-23-034692.txt Edgar Link pending
0001213900-23-034692-xbrl.zip Edgar Link pending
f20f2022ex12-1_oriental.htm Edgar Link pending
f20f2022ex12-2_oriental.htm Edgar Link pending
f20f2022ex13-1_oriental.htm Edgar Link pending
f20f2022ex13-2_oriental.htm Edgar Link pending
f20f2022ex15-1_oriental.htm Edgar Link pending
f20f2022ex15-2_oriental.htm Edgar Link pending
f20f2022ex2-2_oriental.htm Edgar Link pending
f20f2022ex4-47_oriental.htm Edgar Link pending
f20f2022ex4-48_oriental.htm Edgar Link pending
f20f2022ex8-1_oriental.htm Edgar Link pending
f20f2022_orientalculture.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
image_002.jpg Edgar Link pending
image_003.jpg Edgar Link pending
image_004.jpg Edgar Link pending
image_005.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
ocg-20221231.xsd Edgar Link pending
f20f2022_orientalculture_htm.xml Edgar Link completed
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
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
ocg-20221231_pre.xml Edgar Link unprocessable
ocg-20221231_def.xml Edgar Link unprocessable
ocg-20221231_lab.xml Edgar Link unprocessable
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
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
ocg-20221231_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable