2022 Q1 Form 20-F Financial Statement
#000121390022048236 Filed on August 16, 2022
Income Statement
Concept | 2022 Q1 | 2022 | 2021 Q1 |
---|---|---|---|
Revenue | $42.60M | $89.49M | $49.61M |
YoY Change | -14.12% | 25.19% | 47.18% |
Cost Of Revenue | $44.57M | $85.78M | $41.01M |
YoY Change | 8.67% | 60.91% | 114.59% |
Gross Profit | -$1.963M | $3.711M | $8.598M |
YoY Change | -122.83% | -79.58% | -41.09% |
Gross Profit Margin | -4.61% | 4.15% | 17.33% |
Selling, General & Admin | $34.19M | $49.60M | $9.848M |
YoY Change | 247.13% | 230.91% | 26.38% |
% of Gross Profit | 1336.49% | 114.55% | |
Research & Development | $894.6K | $1.684M | $913.2K |
YoY Change | -2.04% | 1.45% | -25.42% |
% of Gross Profit | 45.38% | 10.62% | |
Depreciation & Amortization | $1.670M | $1.553M | $487.2K |
YoY Change | 242.75% | 82.87% | 41.0% |
% of Gross Profit | 41.85% | 5.67% | |
Operating Expenses | $35.08M | $61.60M | $10.76M |
YoY Change | 225.98% | 269.96% | 19.34% |
Operating Profit | -$37.04M | -$57.89M | -$2.164M |
YoY Change | 1611.93% | -3894.01% | -138.8% |
Interest Expense | -$1.820K | $85.99K | $10.74K |
YoY Change | -116.95% | -23.08% | -206.23% |
% of Operating Profit | |||
Other Income/Expense, Net | $3.030K | $139.5K | -$104.5K |
YoY Change | -102.9% | 11.04% | -270.45% |
Pretax Income | -$47.35M | -$57.75M | -$2.258M |
YoY Change | 1997.45% | -3596.94% | -140.12% |
Income Tax | -$3.876M | -$3.726M | $236.5K |
% Of Pretax Income | |||
Net Earnings | -$39.14M | -$49.19M | -$2.398M |
YoY Change | 1532.05% | -6355.51% | -156.23% |
Net Earnings / Revenue | -91.86% | -54.97% | -4.83% |
Basic Earnings Per Share | -$1.22 | ||
Diluted Earnings Per Share | -$724.2K | -$1.22 | -$87.90K |
COMMON SHARES | |||
Basic Shares Outstanding | 40.49M shares | ||
Diluted Shares Outstanding | 40.49M shares |
Balance Sheet
Concept | 2022 Q1 | 2022 | 2021 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $19.73M | $19.73M | $36.56M |
YoY Change | -46.02% | -46.02% | 8.63% |
Cash & Equivalents | $19.73M | $19.73M | $36.56M |
Short-Term Investments | |||
Other Short-Term Assets | $226.2K | $7.909M | $3.066M |
YoY Change | -92.62% | -64.36% | -28.1% |
Inventory | $1.390M | $1.390M | $1.785M |
Prepaid Expenses | |||
Receivables | $27.45M | $27.45M | $34.56M |
Other Receivables | $89.33K | $89.33K | $0.00 |
Total Short-Term Assets | $56.57M | $56.57M | $95.10M |
YoY Change | -40.51% | -40.51% | 35.88% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $11.25M | $11.25M | $10.51M |
YoY Change | 6.97% | 6.97% | 33.15% |
Goodwill | $10.08M | $162.8K | |
YoY Change | 6093.01% | ||
Intangibles | $10.10M | $1.832M | |
YoY Change | 451.36% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $5.627M | $9.424M | $5.138M |
YoY Change | 9.52% | 83.41% | -20.91% |
Total Long-Term Assets | $40.86M | $40.86M | $17.65M |
YoY Change | 131.52% | 131.52% | 16.77% |
TOTAL ASSETS | |||
Total Short-Term Assets | $56.57M | $56.57M | $95.10M |
Total Long-Term Assets | $40.86M | $40.86M | $17.65M |
Total Assets | $97.43M | $97.43M | $112.7M |
YoY Change | -13.59% | -13.59% | 32.49% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $12.16M | $12.16M | $8.841M |
YoY Change | 37.49% | 37.49% | 470.67% |
Accrued Expenses | $2.190K | $2.190K | -$53.04K |
YoY Change | -104.13% | -104.13% | -148.48% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $2.268M | $2.268M | $2.237M |
YoY Change | 1.4% | 1.4% | -22.25% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $17.93M | $17.93M | $15.11M |
YoY Change | 18.69% | 18.69% | 174.31% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $17.93M | $17.93M | $15.11M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $20.01M | $19.30M | $15.11M |
YoY Change | 32.46% | 7.23% | 174.31% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $12.29M | $61.48M | |
YoY Change | -80.02% | ||
Common Stock | $33.50K | $15.24K | |
YoY Change | 119.81% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $78.13M | $78.13M | $94.75M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $97.43M | $97.43M | $112.7M |
YoY Change | -13.59% | -13.59% | 32.49% |
Cashflow Statement
Concept | 2022 Q1 | 2022 | 2021 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$39.14M | -$49.19M | -$2.398M |
YoY Change | 1532.05% | -6355.51% | -156.23% |
Depreciation, Depletion And Amortization | $1.670M | $1.553M | $487.2K |
YoY Change | 242.75% | 82.87% | 41.0% |
Cash From Operating Activities | -$34.89M | -$28.13M | -$5.734M |
YoY Change | 508.47% | -1068.67% | -412.57% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$2.211M | $2.390M | -$2.603M |
YoY Change | -15.04% | -14.12% | 137.14% |
Acquisitions | $691.1K | ||
YoY Change | -92.43% | ||
Other Investing Activities | -$6.051M | -$6.069M | -$9.388M |
YoY Change | -35.54% | -35.35% | |
Cash From Investing Activities | -$8.263M | -$8.477M | -$11.99M |
YoY Change | -31.09% | -35.89% | 992.54% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $18.88M | ||
YoY Change | 72.15% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 16.86M | $18.83M | 9.467M |
YoY Change | 78.08% | 76.45% | 1.41% |
NET CHANGE | |||
Cash From Operating Activities | -34.89M | -$28.13M | -5.734M |
Cash From Investing Activities | -8.263M | -$8.477M | -11.99M |
Cash From Financing Activities | 16.86M | $18.83M | 9.467M |
Net Change In Cash | -26.29M | -$16.83M | -8.258M |
YoY Change | 218.41% | -679.38% | -181.98% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$34.89M | -$28.13M | -$5.734M |
Capital Expenditures | -$2.211M | $2.390M | -$2.603M |
Free Cash Flow | -$32.68M | -$30.53M | -$3.131M |
YoY Change | 943.61% | -25321.95% | -206.8% |
Facts In Submission
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Happiness Development Group Limited | |
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No. 11, Dongjiao East Road | |
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133405 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-57746308 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
1651340 | usd |
CY2020 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
15532122 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3726227 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
959384 | usd |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2844087 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-54020081 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
691956 | usd |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
12688035 | usd |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-4829471 | usd |
CY2021 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-94400 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-49190610 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
786356 | usd |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
12688035 | usd |
CY2022 | happ |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Taxes
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTaxes
|
-2523258 | usd |
CY2021 | happ |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Taxes
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTaxes
|
-6113570 | usd |
CY2020 | happ |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Taxes
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTaxes
|
3356032 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-51496823 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
6805526 | usd |
CY2020 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
9332003 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
2873378 | usd |
CY2022 | happ |
Comprehensiveloss Income Attributable To Happiness Development Group Limited
ComprehensivelossIncomeAttributableToHappinessDevelopmentGroupLimited
|
-48799924 | usd |
CY2021 | happ |
Comprehensiveloss Income Attributable To Happiness Development Group Limited
ComprehensivelossIncomeAttributableToHappinessDevelopmentGroupLimited
|
3932148 | usd |
CY2020 | happ |
Comprehensiveloss Income Attributable To Happiness Development Group Limited
ComprehensivelossIncomeAttributableToHappinessDevelopmentGroupLimited
|
9332003 | usd |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.22 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.53 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40485912 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
26160270 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23843836 | shares |
CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
60915647 | usd |
CY2020 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
9342339 | usd |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
12688035 | usd |
CY2020 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-3356032 | usd |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
79589989 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
10725700 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
778423 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
112418 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
691956 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
375000 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
6113570 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
97637056 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
18877600 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
1086231 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
11310540 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-54020081 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
2523258 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
77414604 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-54020081 | usd |
CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
691956 | usd |
CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
12688035 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
2187206 | usd |
CY2021 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
880879 | usd |
CY2020 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
690749 | usd |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
463514 | usd |
CY2022 | happ |
Goodwill Impairment Loss1
GoodwillImpairmentLoss1
|
10407349 | usd |
CY2020 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
117753 | usd |
CY2022 | happ |
Gain Loss On Sale Of Property Plants Equipment
GainLossOnSaleOFPropertyPlantsEquipment
|
434183 | usd |
CY2020 | happ |
Gain Loss On Sale Of Property Plants Equipment
GainLossOnSaleOFPropertyPlantsEquipment
|
38 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-95932 | usd |
CY2022 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-3921856 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1086231 | usd |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
778423 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-23222982 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2106752 | usd |
CY2020 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-393143 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
88495 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-454262 | usd |
CY2021 | happ |
Business Acquisitions Of Hekangyuan
BusinessAcquisitionsOfHekangyuan
|
usd | |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
18877600 | usd |
CY2020 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
3129711 | usd |
CY2022 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
2293900 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-389388 | usd |
CY2020 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
276909 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-12250088 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
8057239 | usd |
CY2020 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1525053 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
329926 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-1718110 | usd |
CY2020 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
4402208 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-4845854 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
6723151 | usd |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-32722 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-15213292 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
3134093 | usd |
CY2020 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-559496 | usd |
CY2021 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
-844718 | usd |
CY2020 | us-gaap |
Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
|
966589 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-317026 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-402825 | usd |
CY2020 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-332182 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-28134783 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2904466 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
10777843 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2390339 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2783440 | usd |
CY2020 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1159355 | usd |
CY2022 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
17165 | usd |
CY2021 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
1051138 | usd |
CY2022 | happ |
Business Acquisitions Of Hekangyuan
BusinessAcquisitionsOfHekangyuan
|
7998836 | usd |
CY2022 | happ |
Business Acquisitions Of Baodeng
BusinessAcquisitionsOfBaodeng
|
79584 | usd |
CY2022 | happ |
Deposits Return From Shennong
DepositsReturnFromShennong
|
-1931646 | usd |
CY2021 | happ |
Purchase Of Daji
PurchaseOfDAJI
|
75044 | usd |
CY2021 | happ |
Deposits Paid For Business Acquisitions
DepositsPaidForBusinessAcquisitions
|
-9313225 | usd |
CY2022 | us-gaap |
Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
|
34330 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
43069 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8476879 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-13222847 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1159355 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
10965553 | usd |
CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
9342339 | usd |
CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
37522 | usd |
CY2021 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
375000 | usd |
CY2022 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
2247086 | usd |
CY2021 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
2163037 | usd |
CY2022 | happ |
Percentage Of Maximum Revenue Payment To Customer
PercentageOfMaximumRevenuePaymentToCustomer
|
0.03 | pure |
CY2022 | us-gaap |
Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
|
66646 | usd |
CY2021 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
2118893 | usd |
CY2020 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
2067332 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
18830786 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
10672219 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
10404718 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
955755 | usd |
CY2021Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
3065980 | usd |
CY2022Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
7909233 | usd |
CY2021 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2550149 | usd |
CY2020 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-1169213 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-16825121 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2903987 | usd |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
18853993 | usd |
CY2021Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
36558752 | usd |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
33654765 | usd |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
14800772 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
19733631 | usd |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
36558752 | usd |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
33654765 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
570113 | usd |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
1209381 | usd |
CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
3176269 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
85993 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
111790 | usd |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
98086 | usd |
CY2022 | us-gaap |
Stock Issued1
StockIssued1
|
7386320 | usd |
CY2018Q3 | happ |
Equity Method Investment Interest Description
EquityMethodInvestmentInterestDescription
|
Mr. Wang Xuezhu and other shareholders of Fujian Happiness transferred their 100% ownership interests in Fujian Happiness to Happiness Nanping, which is 100% owned by Happiness Hong Kong. After the reorganization, Happiness Development owns 100% equity interests of Fujian Happiness. Mr. Wang Xuezhu, who owns 52.37% ownership of Happiness Development, became the ultimate controlling shareholder (“the Controlling Shareholder”) of the Company. | |
CY2019Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2019Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
77223100 | shares |
CY2019Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
23000000 | shares |
CY2019Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
23000000 | shares |
CY2019Q4 | happ |
Purchase Percentage
PurchasePercentage
|
0.15 | pure |
CY2021Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
22189744 | usd |
CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
6374373 | usd |
CY2021Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
5545586 | usd |
CY2022Q1 | happ |
Prepayment Of Celebrity Endorsement Fee
PrepaymentOfCelebrityEndorsementFee
|
141774 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
11246815 | usd |
CY2021Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
10514031 | usd |
CY2022 | happ |
Depreciation Expense
DepreciationExpense
|
2100000 | usd |
CY2021 | happ |
Depreciation Expense
DepreciationExpense
|
5100000 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="text-align: justify; margin: 0pt 0; font: 10pt Times New Roman, Times, Serif">In preparing the consolidated financial statements in conformity with US GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on information as of the date of the consolidated financial statements. Significant estimates required to be made by management include, but are not limited to, the valuation of accounts receivable and related allowance for doubtful accounts, useful lives of property and equipment and intangible assets, the recoverability of long-lived assets, inventory reserve, allowance for credit losses, goodwill impairment, income taxes related to realization of deferred tax assets and uncertain tax position, provisions necessary for contingent liabilities and purchase price allocation in connection with the business combination. The current economic environment has increased the degrees of uncertainty inherent in those estimates and assumptions, actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022 | happ |
Business Combination Extend Duration
BusinessCombinationExtendDuration
|
P1Y | |
CY2022 | us-gaap |
Depreciation
Depreciation
|
1553399 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
849454 | usd |
CY2020 | us-gaap |
Depreciation
Depreciation
|
674247 | usd |
CY2022 | happ |
Capitalized Depreciation In Inventories
CapitalizedDepreciationInInventories
|
621654 | usd |
CY2021Q1 | happ |
Prepayment Of Celebrity Endorsement Fee
PrepaymentOfCelebrityEndorsementFee
|
228265 | usd |
CY2022Q1 | us-gaap |
Other Assets
OtherAssets
|
5627099 | usd |
CY2020 | happ |
Business Acquisitions Of Hekangyuan
BusinessAcquisitionsOfHekangyuan
|
usd | |
CY2022 | happ |
Impairment Amount
ImpairmentAmount
|
3 | usd |
CY2021 | happ |
Capitalized Depreciation In Inventories
CapitalizedDepreciationInInventories
|
589610 | usd |
CY2020 | happ |
Capitalized Depreciation In Inventories
CapitalizedDepreciationInInventories
|
555636 | usd |
CY2022 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
505969 | usd |
CY2021 | happ |
Deposits Return From Shennong
DepositsReturnFromShennong
|
usd | |
CY2021 | happ |
Business Acquisitions Of Baodeng
BusinessAcquisitionsOfBaodeng
|
usd | |
CY2022 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
0.01 | usd |
CY2022 | happ |
Sales From Our Product Lines
SalesFromOurProductLines
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">For the years ended March 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2020</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Healthcare products</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">30,323,831</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">45,389,702</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">65,061,953</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left">Online store</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">28,014,109</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">13,473,626</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Internet information and advertising</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10,538,943</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,245,019</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt">Automobile</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">20,611,775</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">3,376,356</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">-</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="font-weight: bold; padding-bottom: 1.5pt">Revenue</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">89,488,658</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">71,484,703</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: right">65,061,953</td><td style="padding-bottom: 1.5pt; font-weight: bold; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022 | us-gaap |
Revenues
Revenues
|
89488658 | usd |
CY2021 | us-gaap |
Revenues
Revenues
|
71484703 | usd |
CY2020 | us-gaap |
Revenues
Revenues
|
65061953 | usd |
CY2022 | happ |
After Tax Profit
AfterTaxProfit
|
0.10 | pure |
CY2022 | happ |
Accumulative Amount Of Reserve
AccumulativeAmountOfReserve
|
0.50 | pure |
CY2021Q1 | us-gaap |
Other Assets
OtherAssets
|
5138105 | usd |
CY2022Q1 | us-gaap |
Grants Receivable
GrantsReceivable
|
11893 | usd |
CY2021Q1 | us-gaap |
Grants Receivable
GrantsReceivable
|
63520 | usd |
CY2022 | happ |
Shipping And Handling Costs
ShippingAndHandlingCosts
|
291170 | usd |
CY2021 | happ |
Shipping And Handling Costs
ShippingAndHandlingCosts
|
1104120 | usd |
CY2020 | happ |
Shipping And Handling Costs
ShippingAndHandlingCosts
|
1869505 | usd |
CY2022 | us-gaap |
Advertising Expense
AdvertisingExpense
|
26210291 | usd |
CY2021 | us-gaap |
Advertising Expense
AdvertisingExpense
|
5720458 | usd |
CY2020 | us-gaap |
Advertising Expense
AdvertisingExpense
|
3856 | usd |
CY2021 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
0 | usd |
CY2021Q4 | happ |
Equity Method Investsment Ownership Percentage
EquityMethodInvestsmentOwnershipPercentage
|
0.70 | pure |
CY2021Q4 | happ |
Consideration Amount
ConsiderationAmount
|
103000000 | cny |
CY2021Q4 | happ |
Consideration Amount
ConsiderationAmount
|
16100000 | usd |
CY2020 | happ |
Deposits Return From Shennong
DepositsReturnFromShennong
|
usd | |
CY2022 | happ |
Description Of Valueadded Tax
DescriptionOfValueaddedTax
|
the applicable VAT rate was 17%, while after May 1, 2018 and before April 1, 2019, the Company is subject to a VAT rate of 16%. After April 1, 2019, the Company is subject to a VAT rate of 13% based on the new Chinese tax law. | |
CY2022Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
1897000 | usd |
CY2022Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
1897000 | usd |
CY2020 | happ |
Business Acquisitions Of Baodeng
BusinessAcquisitionsOfBaodeng
|
usd | |
CY2022Q1 | us-gaap |
Supplies
Supplies
|
4177537 | usd |
CY2021Q1 | us-gaap |
Supplies
Supplies
|
9334225 | usd |
CY2022Q1 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
727765 | usd |
CY2022Q1 | us-gaap |
Deposits
Deposits
|
691070 | usd |
CY2021Q1 | us-gaap |
Deposits
Deposits
|
12174 | usd |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Concentration of Risks</b></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"><i>Exchange Rate Risks</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">The Company operates in China, which may give rise to significant foreign currency risks from fluctuations and the degree of volatility of foreign exchange rates between the US$ and the RMB. As of March 31, 2022 and 2021, cash and cash equivalents of $19,571,668 (RMB 124,244,865) and $36,203,665 (RMB 237,905,147), respectively, is denominated in RMB and is held in PRC.</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"><i>Currency Convertibility Risks</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">Substantially all of the Company’s operating activities are transacted in RMB, which is not freely convertible into foreign currencies. All foreign exchange transactions take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other regulatory institutions requires submitting a payment application form together with other information such as suppliers’ invoices, shipping documents and signed contracts.</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"><i>Concentration of Credit Risks</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">Financial instruments that potentially subject the Company to concentration of credit risks consist primarily of cash and cash equivalents and accounts receivable, the balances of which are stated on the consolidated balance sheets which represent the Company’s maximum exposure. The Company places its cash and cash equivalents in good credit quality financial institutions in China. Concentration of credit risks with respect to accounts receivables is linked to the concentration of revenue. To manage credit risk, the Company performs ongoing credit evaluations of customers’ financial condition.</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"><i>Interest Rate Risks</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">The Company is subject to interest rate risk. Bank interest bearing loans are charged at variable interest rates within the reporting period. The Company is subject to the risk of adverse changes in the interest rates charged by the banks when these loans are refinanced.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> | |
CY2022Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
616405 | usd |
CY2022Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
10101405 | usd |
CY2019Q4 | happ |
Advertisement Supports Expenses
AdvertisementSupportsExpenses
|
1600000 | usd |
CY2018Q4 | happ |
Amount Paid To Celebrity Endorsement Fee
AmountPaidToCelebrityEndorsementFee
|
445533 | usd |
CY2018Q4 | happ |
Amount Paid To Celebrity Endorsement Fee
AmountPaidToCelebrityEndorsementFee
|
3000000 | cny |
CY2022Q1 | happ |
Prepayments To Technical Provider
PrepaymentsToTechnicalProvider
|
669481 | usd |
CY2021Q1 | happ |
Prepayments To Technical Provider
PrepaymentsToTechnicalProvider
|
646752 | usd |
CY2022Q1 | us-gaap |
Value Added Tax Receivable
ValueAddedTaxReceivable
|
560155 | usd |
CY2022Q1 | happ |
Prepayment To Weilanb
PrepaymentToWeilanb
|
448946 | usd |
CY2022Q1 | us-gaap |
Trade Receivables Held For Sale Net Not Part Of Disposal Group
TradeReceivablesHeldForSaleNetNotPartOfDisposalGroup
|
408106 | usd |
CY2021 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
9130613 | usd |
CY2022Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
226173 | usd |
CY2022Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
27911421 | usd |
CY2021Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
34563743 | usd |
CY2022Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
463514 | usd |
CY2022Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
27447907 | usd |
CY2021Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
34563743 | usd |
CY2022Q1 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
463514 | usd |
CY2018Q4 | happ |
Celebrity Endorsement Contract Period
CelebrityEndorsementContractPeriod
|
P5Y | |
CY2022Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
786082 | usd |
CY2021Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
1422941 | usd |
CY2021Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
34717 | usd |
CY2022Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
603479 | usd |
CY2021Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
327721 | usd |
CY2022Q1 | us-gaap |
Inventory Net
InventoryNet
|
1389561 | usd |
CY2021Q1 | us-gaap |
Inventory Net
InventoryNet
|
1785379 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
17621188 | usd |
CY2021Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
16059617 | usd |
CY2022 | happ |
Subsidy Provided Amount
SubsidyProvidedAmount
|
7090000.00 | usd |
CY2021 | happ |
Subsidy Provided Amount
SubsidyProvidedAmount
|
2950000 | usd |
CY2022Q1 | us-gaap |
Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
|
910808 | usd |
CY2021Q1 | us-gaap |
Finite Lived Intangible Asset Acquired In Place Leases
FiniteLivedIntangibleAssetAcquiredInPlaceLeases
|
879886 | usd |
CY2022Q1 | us-gaap |
Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
|
8822973 | usd |
CY2022Q1 | us-gaap |
Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
|
11027 | usd |
CY2022Q1 | us-gaap |
Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
|
1127710 | usd |
CY2021Q1 | us-gaap |
Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
|
1084858 | usd |
CY2022Q1 | us-gaap |
Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
|
10872518 | usd |
CY2021Q1 | us-gaap |
Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
|
1964744 | usd |
CY2022 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
771113 | usd |
CY2021 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
132645 | usd |
CY2022Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
10101405 | usd |
CY2021Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1832099 | usd |
CY2022Q1 | us-gaap |
Impaired Assets To Be Disposed Of By Method Other Than Sale Carrying Value Of Asset
ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleCarryingValueOfAsset
|
93140 | usd |
CY2022 | happ |
Right Use Of Land Square Meters
RightUseOfLandSquareMeters
|
12120 | pure |
CY2021Q1 | us-gaap |
Impaired Assets To Be Disposed Of By Method Other Than Sale Carrying Value Of Asset
ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleCarryingValueOfAsset
|
758504 | usd |
CY2021 | happ |
Right Use Of Land Square Meters
RightUseOfLandSquareMeters
|
29720 | pure |
CY2022 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
633807 | usd |
CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
31425 | usd |
CY2020 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
16502 | usd |
CY2022Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
1897000 | usd |
CY2022Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
1897000 | usd |
CY2022Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
1897000 | usd |
CY2022Q1 | us-gaap |
Goodwill
Goodwill
|
10084201 | usd |
CY2021Q1 | us-gaap |
Goodwill
Goodwill
|
162832 | usd |
CY2022Q1 | us-gaap |
Goodwill Gross
GoodwillGross
|
162832 | usd |
CY2022 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
20237015 | usd |
CY2021 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
162832 | usd |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
-10309745 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-5901 | usd |
CY2022Q1 | us-gaap |
Goodwill
Goodwill
|
10084201 | usd |
CY2021Q1 | us-gaap |
Goodwill
Goodwill
|
162832 | usd |
CY2022 | us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
10309745 | usd |
CY2022Q1 | us-gaap |
Prepaid Advertising
PrepaidAdvertising
|
5485325 | usd |
CY2021Q1 | us-gaap |
Prepaid Advertising
PrepaidAdvertising
|
4909840 | usd |
CY2022Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
2268360 | usd |
CY2021Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
2237000 | usd |
CY2022 | happ |
Description Of Loan Agreement
DescriptionOfLoanAgreement
|
In addition, the Company entered into a loan agreement of $1,065,238 (RMB 7.0 million) bearing interest rate at LPR plus 0.75% on June 9, 2021 and repaid it on June 5, 2022. | |
CY2022Q1 | us-gaap |
Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
|
2169355 | usd |
CY2021Q1 | us-gaap |
Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
|
5821228 | usd |
CY2022 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
85993 | usd |
CY2021 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
111790 | usd |
CY2020 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
98086 | usd |
CY2022 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1086231 | usd |
CY2021 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
778423 | usd |
CY2022 | happ |
Equity Method Investsment Ownership Percentage
EquityMethodInvestsmentOwnershipPercentage
|
1 | pure |
CY2019Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2019Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
100000000 | shares |
CY2019Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0005 | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
77223100 | shares |
CY2019Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
223100 | shares |
happ |
Ordinary Share Issued
OrdinaryShareIssued
|
5100000 | shares | |
happ |
Total Purchase Consideration Amounted
TotalPurchaseConsiderationAmounted
|
10965703 | usd | |
us-gaap |
Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
|
10725700 | usd | |
CY2021Q1 | us-gaap |
Shares Issued
SharesIssued
|
381580 | shares |
CY2021Q1 | us-gaap |
Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
|
778423 | usd |
CY2021Q2 | happ |
Total Consideration Amount
TotalConsiderationAmount
|
351796 | usd |
CY2021Q2 | happ |
Total Consideration Amount
TotalConsiderationAmount
|
2157600 | usd |
CY2021Q2 | happ |
Net Proceeds
NetProceeds
|
2157600 | usd |
CY2021Q4 | happ |
Total Consideration Amount
TotalConsiderationAmount
|
99843 | usd |
CY2021Q4 | happ |
Total Consideration Amount
TotalConsiderationAmount
|
48000000 | cny |
CY2021Q4 | happ |
Total Consideration Amount
TotalConsiderationAmount
|
7500000 | usd |
CY2021Q4 | happ |
Aggregate Share
AggregateShare
|
4200000 | shares |
CY2021Q4 | us-gaap |
Compensation And Benefits Trust
CompensationAndBenefitsTrust
|
3736320 | usd |
CY2021Q4 | us-gaap |
Temporary Equity Value Excluding Additional Paid In Capital
TemporaryEquityValueExcludingAdditionalPaidInCapital
|
0.0005 | usd |
CY2021Q4 | us-gaap |
Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
|
50000 | shares |
CY2021Q4 | us-gaap |
Temporary Equity Shares Issued
TemporaryEquitySharesIssued
|
90000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
10000000 | shares |
CY2021Q4 | us-gaap |
Preferred Stock Value Outstanding
PreferredStockValueOutstanding
|
0.0005 | usd |
CY2022Q1 | us-gaap |
Compensation And Benefits Trust
CompensationAndBenefitsTrust
|
634592 | usd |
CY2022Q1 | happ |
Net Proceeds
NetProceeds
|
10000000 | usd |
CY2022Q1 | happ |
Total Purchase Consideration Amounted
TotalPurchaseConsiderationAmounted
|
12000000 | usd |
CY2022Q1 | happ |
Total Consideration Amount
TotalConsiderationAmount
|
8000000 | usd |
CY2022Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
10000000 | shares |
CY2022Q1 | us-gaap |
Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
|
10000000 | usd |
CY2022Q1 | us-gaap |
Compensation And Benefits Trust
CompensationAndBenefitsTrust
|
3560000 | usd |
CY2022Q1 | happ |
Total Consideration Amount
TotalConsiderationAmount
|
6720000 | usd |
CY2022Q1 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
6720000 | usd |
CY2022 | happ |
Statutory Surplus Reserve Percentage Description
StatutorySurplusReservePercentageDescription
|
Appropriations to the statutory surplus reserve are required to be at least 10% of the after-tax net income determined in accordance with PRC GAAP until the reserve is equal to 50% of the entity’s registered capital. Appropriations to the discretionary surplus reserve are made at the discretion of the Board of Directors. In 2019, $56,077 was appropriated by Fujian Happiness to the statutory surplus reserve and the statutory reserve reached 50% of its registered capital. In 2020, no statutory surplus was appropriated. | |
CY2021Q1 | us-gaap |
Statutory Accounting Practices Statutory Capital And Surplus Balance
StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance
|
5558669 | usd |
CY2022 | us-gaap |
Statutory Accounting Practices Prescribed Practice Amount
StatutoryAccountingPracticesPrescribedPracticeAmount
|
7622765 | usd |
CY2021 | us-gaap |
Statutory Accounting Practices Prescribed Practice Amount
StatutoryAccountingPracticesPrescribedPracticeAmount
|
7622765 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
300000 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
5.12 | |
CY2022 | happ |
Contractual Life In Days Granted
ContractualLifeInDaysGranted
|
P45Y | |
CY2022 | happ |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercised
|
-300000 | shares |
CY2022 | happ |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercised In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageExercisePrice
|
5.12 | |
CY2022 | happ |
Contractual Life In Days Expired
ContractualLifeInDaysExpired
|
P45Y | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
160000 | shares |
CY2020Q1 | happ |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Optionsoutstanding Weighted Average Exercise Prices
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherOptionsoutstandingWeightedAverageExercisePrices
|
6.6 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P4Y7M6D | |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
160000 | shares |
CY2021Q1 | happ |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Optionsoutstanding Weighted Average Exercise Prices
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherOptionsoutstandingWeightedAverageExercisePrices
|
6.6 | |
CY2021 | happ |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms One
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTermsOne
|
P3Y7M6D | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
160000 | shares |
CY2022Q1 | happ |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Optionsoutstanding Weighted Average Exercise Prices
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherOptionsoutstandingWeightedAverageExercisePrices
|
6.6 | |
CY2022 | happ |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms One
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTermsOne
|
P2Y7M6D | |
CY2022 | us-gaap |
Income Tax Examination Description
IncomeTaxExaminationDescription
|
effective from January 1, 2008, both domestically-owned enterprises and foreign-invested enterprises are subject to a uniform tax rate of 25% while preferential tax rates, tax holidays and even tax exemption may be granted on case-by-case basis. EIT grants preferential tax treatment to High and New Technology Enterprises (“HNTEs”). Under this preferential tax treatment, HNTEs are entitled to an income tax rate of 15%, subject to a requirement that they re-apply for HNTE status every three years. Fujian Happiness, the Company’s main operating entity in PRC, was approved as HNTEs and is entitled to a reduced income tax rate of 15% from December 2019 to December 2022. | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.10 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.10 | pure |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.10 | pure |
CY2022 | happ |
Effective Income Tax Rate Reconciliation Deduction
EffectiveIncomeTaxRateReconciliationDeduction
|
0.027 | pure |
CY2021 | happ |
Effective Income Tax Rate Reconciliation Deduction
EffectiveIncomeTaxRateReconciliationDeduction
|
0.074 | pure |
CY2020 | happ |
Effective Income Tax Rate Reconciliation Deduction
EffectiveIncomeTaxRateReconciliationDeduction
|
-0.033 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.177 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.224 | pure |
CY2020 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.183 | pure |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
195678 | usd |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
959384 | usd |
CY2020 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
2844087 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-3921905 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3726227 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
959384 | usd |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2844087 | usd |
CY2020 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
usd | |
CY2020 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.53 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.22 | |
CY2022Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
4402633 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
|
606141 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
3796492 | usd |
CY2022 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
4402633 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
4402633 | usd |
CY2022 | happ |
Intangible Assets Arising From Acquisition
IntangibleAssetsArisingFromAcquisition
|
-2079986 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
-2079986 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
3796492 | usd |
CY2022Q1 | us-gaap |
Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
|
2079986 | usd |
CY2022Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
15078 | usd |
CY2021Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
377025 | usd |
CY2022Q1 | happ |
Value Added Tax Payable
ValueAddedTaxPayable
|
2189 | usd |
CY2021Q1 | happ |
Value Added Tax Payable
ValueAddedTaxPayable
|
-53035 | usd |
CY2022Q1 | happ |
Other Tax Payables
OtherTaxPayables
|
19958 | usd |
CY2021Q1 | happ |
Other Tax Payables
OtherTaxPayables
|
10533 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
37225 | usd |
CY2021Q1 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
334523 | usd |
CY2021Q1 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
75044 | usd |
CY2021Q1 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
510000 | cny |
CY2022Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
-11544 | usd |
CY2022Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
|
162832 | usd |
CY2022Q1 | us-gaap |
Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
|
76244 | usd |
CY2022Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
|
75044 | usd |
CY2022Q1 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
75044 | usd |
CY2021Q4 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
7500000 | usd |
CY2021Q4 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
48000000 | cny |
CY2021Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
|
9100000 | usd |
CY2021Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
|
60000000 | cny |
CY2022Q1 | happ |
Over Paid
OverPaid
|
12000000 | cny |
CY2022Q1 | happ |
Over Paid
OverPaid
|
1900000 | usd |
CY2022 | us-gaap |
Exchange Fees
ExchangeFees
|
300000 | usd |
CY2022Q1 | us-gaap |
Discontinued Operation Equity Method Investment Retained After Disposal Ownership Interest Prior To Disposal
DiscontinuedOperationEquityMethodInvestmentRetainedAfterDisposalOwnershipInterestPriorToDisposal
|
1 | pure |
CY2022Q1 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
12000000 | usd |
CY2022 | us-gaap |
Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
|
95932 | usd |
CY2021 | us-gaap |
Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
|
0 | usd |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40485912 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
40485912 | shares |
CY2021 | happ |
Statutory Reserve
StatutoryReserve
|
usd | |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
usd | |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
usd | |
CY2021 | happ |
Goodwill Impairment Loss1
GoodwillImpairmentLoss1
|
usd | |
CY2020 | happ |
Goodwill Impairment Loss1
GoodwillImpairmentLoss1
|
usd | |
CY2022 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
usd | |
CY2021 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
usd | |
CY2021 | happ |
Gain Loss On Sale Of Property Plants Equipment
GainLossOnSaleOFPropertyPlantsEquipment
|
usd | |
CY2021 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
usd | |
CY2022 | us-gaap |
Risks And Uncertainties In Entitys Business
RisksAndUncertaintiesInEntitysBusiness
|
Significant customers and suppliers are those that account for greater than 10% of the Company’s revenues and purchases. | |
CY2022 | happ |
Total Revenues Percentage
TotalRevenuesPercentage
|
0.10 | pure |
CY2021 | happ |
Total Revenues Percentage
TotalRevenuesPercentage
|
0.10 | pure |
CY2021Q1 | us-gaap |
Percentage Of Fifo Inventory
PercentageOfFIFOInventory
|
0.1684 | pure |
CY2020Q1 | us-gaap |
Percentage Of Fifo Inventory
PercentageOfFIFOInventory
|
0.1667 | pure |
CY2021Q1 | us-gaap |
Due To Correspondent Brokers
DueToCorrespondentBrokers
|
645635 | usd |
CY2020Q1 | us-gaap |
Due To Correspondent Brokers
DueToCorrespondentBrokers
|
0 | usd |
CY2022 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
353001 | |
CY2021Q1 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
usd | |
CY2021Q1 | us-gaap |
Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
|
usd | |
CY2021Q1 | us-gaap |
Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
|
usd | |
CY2021Q1 | happ |
Common Stock Value1
CommonStockValue1
|
usd | |
CY2021 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
usd | |
CY2022 | happ |
Purchase Of Daji
PurchaseOfDAJI
|
usd | |
CY2020 | happ |
Purchase Of Daji
PurchaseOfDAJI
|
usd | |
CY2022 | happ |
Deposits Paid For Business Acquisitions
DepositsPaidForBusinessAcquisitions
|
usd | |
CY2020 | happ |
Deposits Paid For Business Acquisitions
DepositsPaidForBusinessAcquisitions
|
usd | |
CY2021 | us-gaap |
Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
|
usd | |
CY2021 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
usd | |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
usd | |
CY2022 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
usd | |
CY2021 | us-gaap |
Stock Issued1
StockIssued1
|
usd | |
CY2021Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
usd | |
CY2022Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
usd | |
CY2021Q1 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
usd | |
CY2021Q1 | happ |
Prepayment To Weilanb
PrepaymentToWeilanb
|
usd | |
CY2021Q1 | us-gaap |
Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
|
usd | |
CY2021Q1 | us-gaap |
Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
|
usd | |
CY2021 | us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
usd | |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
shares | |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
||
CY2022 | happ |
Contractual Life In Days Options Outstanding Beginning Balance
ContractualLifeInDaysOptionsOutstandingBeginningBalance
|
||
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
usd | |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
|
shares | |
CY2021Q1 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
|
||
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
|
||
CY2021Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
usd | |
CY2022 | happ |
Intrinsic Value Option Granted
IntrinsicValueOptionGranted
|
usd | |
CY2022 | happ |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Cancelled1
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndCancelled1
|
shares | |
CY2022 | happ |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeited And Cancelled
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeitedAndCancelled
|
||
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
|
||
CY2022 | happ |
Intrinsic Value Option Forfeited
IntrinsicValueOptionForfeited
|
usd | |
CY2022 | happ |
Intrinsic Value Option Expired
IntrinsicValueOptionExpired
|
usd | |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
|
shares | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
||
CY2022 | happ |
Contractual Life In Days Options Outstanding
ContractualLifeInDaysOptionsOutstanding
|
||
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
usd | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
shares | |
CY2022Q1 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
|
||
CY2022 | happ |
Contractual Life In Days Options Exercisable Ending Balance
ContractualLifeInDaysOptionsExercisableEndingBalance
|
||
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
usd | |
CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
usd | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
shares | |
CY2021 | happ |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised Weighted Average Granted Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedWeightedAverageGrantedPrice
|
||
CY2021 | happ |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Granted Weighted Average Remaining Contractual Terms
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantedWeightedAverageRemainingContractualTerms
|
||
CY2021 | happ |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Granted
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueGranted
|
usd | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
shares | |
CY2021 | happ |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised Weighted Average Forfeited
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedWeightedAverageForfeited
|
||
CY2021 | happ |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Forfeited Weighted Average Remaining Contractual Terms
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedWeightedAverageRemainingContractualTerms
|
||
CY2021 | happ |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Forfeited
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueForfeited
|
usd | |
CY2021 | happ |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedInPeriod
|
shares | |
CY2021 | happ |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instrument Other Than Options Exercised In Periods
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentOtherThanOptionsExercisedInPeriods
|
||
CY2021 | happ |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Exercised Weighted Average Remaining Contractual Terms
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsExercisedWeightedAverageRemainingContractualTerms
|
||
CY2021 | happ |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Exercised
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueExercised
|
usd | |
CY2021Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
usd | |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
usd | |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2020 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2021Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
usd | |
CY2020Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
usd | |
CY2021Q1 | us-gaap |
Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
|
usd | |
CY2020Q1 | us-gaap |
Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
|
usd | |
CY2021Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2020Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2020Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2019Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2022 | happ |
Writeoff
Writeoff
|
usd | |
CY2021 | happ |
Writeoff
Writeoff
|
usd | |
CY2020 | happ |
Writeoff
Writeoff
|
usd | |
CY2021 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
usd | |
CY2020 | us-gaap |
Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
|
usd | |
CY2021Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2020Q1 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2021 | happ |
Intangible Assets Arising From Acquisition
IntangibleAssetsArisingFromAcquisition
|
usd | |
CY2020 | happ |
Intangible Assets Arising From Acquisition
IntangibleAssetsArisingFromAcquisition
|
usd | |
CY2021Q1 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
usd | |
CY2020Q1 | us-gaap |
Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
|
usd | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001751876 |