2022 Q4 Form 20-F Financial Statement
#000121390023034692 Filed on May 01, 2023
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% |
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Richmake Commercial Building | |
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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 |