2024 Q3 Form 20-F Financial Statement
#000192998024000320 Filed on August 01, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q1 | 2024 |
---|---|---|---|
Revenue | $250.9K | $6.545M | |
YoY Change | -99.44% | -93.33% | |
Cost Of Revenue | $247.0K | $6.536M | |
YoY Change | -99.42% | -92.98% | |
Gross Profit | $3.890K | $9.141K | |
YoY Change | -99.85% | -99.82% | |
Gross Profit Margin | 1.55% | 0.14% | |
Selling, General & Admin | -$7.906M | $2.823M | |
YoY Change | -118.59% | -95.6% | |
% of Gross Profit | -203236.5% | 30882.23% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $354.5K | $1.126K | |
YoY Change | -81.05% | -99.93% | |
% of Gross Profit | 9111.83% | 12.32% | |
Operating Expenses | -$7.906M | -$4.631M | |
YoY Change | -118.17% | -106.3% | |
Operating Profit | $7.910M | -$4.622M | |
YoY Change | -119.29% | -93.24% | |
Interest Expense | -$40.04K | $39.17K | |
YoY Change | 100.2% | -45.83% | |
% of Operating Profit | -0.51% | ||
Other Income/Expense, Net | $3.874M | $831.5K | |
YoY Change | -348.08% | ||
Pretax Income | -$13.54M | -$3.790M | |
YoY Change | -72.31% | -94.49% | |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | |||
Net Earnings | -$18.32M | -$6.980M | |
YoY Change | -65.01% | -90.27% | |
Net Earnings / Revenue | -7303.95% | -106.64% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$3.87 | -$2.13 | |
COMMON SHARES | |||
Basic Shares Outstanding | 612.3K shares | 4.733M shares | |
Diluted Shares Outstanding | 4.733M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q1 | 2024 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $944.2K | $944.2K | |
YoY Change | -72.23% | -72.23% | |
Cash & Equivalents | $944.2K | $944.2K | |
Short-Term Investments | |||
Other Short-Term Assets | $47.35K | $1.896M | |
YoY Change | -82.06% | -56.91% | |
Inventory | |||
Prepaid Expenses | |||
Receivables | $11.36K | $11.36K | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $2.852M | $2.852M | |
YoY Change | -70.86% | -70.9% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $12.60K | $12.60K | |
YoY Change | -99.85% | -99.85% | |
Goodwill | $3.376M | ||
YoY Change | -47.7% | ||
Intangibles | $1.488M | ||
YoY Change | -84.24% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Total Long-Term Assets | $4.877M | $4.877M | |
YoY Change | -81.63% | -81.6% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.852M | $2.852M | |
Total Long-Term Assets | $4.877M | $4.877M | |
Total Assets | $7.729M | $7.729M | |
YoY Change | -78.73% | -78.71% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $2.560M | $2.560M | |
YoY Change | -80.98% | -86.23% | |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.560M | $2.560M | |
YoY Change | -87.78% | -87.81% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.560M | $2.560M | |
Total Long-Term Liabilities | $0.00 | $0.00 | |
Total Liabilities | $2.560M | $2.148M | |
YoY Change | -88.6% | -90.05% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$61.96M | ||
YoY Change | 4.21% | ||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $5.581M | $5.581M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $7.729M | $7.729M | |
YoY Change | -78.73% | -78.71% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q1 | 2024 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$18.32M | -$6.980M | |
YoY Change | -65.01% | -90.27% | |
Depreciation, Depletion And Amortization | $354.5K | $1.126K | |
YoY Change | -81.05% | -99.93% | |
Cash From Operating Activities | -$169.6K | -$11.88M | |
YoY Change | -98.68% | -43.69% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $543.0K | $11.70M | |
YoY Change | 352.53% | 8255.99% | |
Cash From Investing Activities | $543.0K | $11.70M | |
YoY Change | 239.4% | 12996.86% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | $0.00 | |
YoY Change | -100.0% | -100.0% | |
NET CHANGE | |||
Cash From Operating Activities | -169.6K | -$11.88M | |
Cash From Investing Activities | 543.0K | $11.70M | |
Cash From Financing Activities | 0.000 | $0.00 | |
Net Change In Cash | 373.4K | -$1.105M | |
YoY Change | -103.34% | -93.25% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$169.6K | -$11.88M | |
Capital Expenditures | $0.00 | $0.00 | |
Free Cash Flow | -$169.6K | -$11.88M | |
YoY Change | -98.68% | -43.82% |
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2560191 | usd |
CY2024 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
1807850 | usd |
CY2023 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd |
CY2022 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
0 | usd |
CY2024 | us-gaap |
Operating Expenses
OperatingExpenses
|
-4630795 | usd |
CY2023 | us-gaap |
Operating Expenses
OperatingExpenses
|
-4965976 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
-11422292 | usd |
CY2024 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4621654 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4549093 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-11165032 | usd |
CY2024 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
345 | usd |
CY2023 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
316 | usd |
CY2022 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1539 | usd |
CY2024 | us-gaap |
Interest Expense
InterestExpense
|
39167 | usd |
CY2023 | us-gaap |
Interest Expense
InterestExpense
|
0 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
0 | usd |
CY2024 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
870303 | usd |
CY2023 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
21728 | usd |
CY2022 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
964198 | usd |
CY2024 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
831481 | usd |
CY2023 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
22044 | usd |
CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
965737 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-3790173 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-4527049 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-10199295 | usd |
CY2024 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
2996 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
696 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-3790173 | usd |
CY2023 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-4530045 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-10199991 | usd |
CY2024 | pavs |
Net Loss From Discontinued Operations Before Tax
NetLossFromDiscontinuedOperationsBeforeTax
|
-13780209 | usd |
CY2023 | pavs |
Net Loss From Discontinued Operations Before Tax
NetLossFromDiscontinuedOperationsBeforeTax
|
-64202987 | usd |
CY2022 | pavs |
Net Loss From Discontinued Operations Before Tax
NetLossFromDiscontinuedOperationsBeforeTax
|
-47547013 | usd |
CY2024 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
7547428 | usd |
CY2023 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | usd |
CY2022 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
0 | usd |
CY2024 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-95630 | usd |
CY2023 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
3454084 | usd |
CY2022 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-3726923 | usd |
CY2024 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-6137151 | usd |
CY2023 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-67657071 | usd |
CY2022 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-43820090 | usd |
CY2024 | us-gaap |
Profit Loss
ProfitLoss
|
-9927324 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-72187116 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-54020081 | usd |
CY2024 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
198867 | usd |
CY2023 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-448242 | usd |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-4829471 | usd |
CY2024 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-10126191 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-71738874 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-49190610 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
3222698 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
-4435667 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
2523258 | usd |
CY2024 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-6704626 | usd |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-76622783 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-51496823 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-274960 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-272988 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
2696899 | usd |
CY2024 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6979586 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-76895771 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-48799924 | usd |
CY2024 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.75 | |
CY2023 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.72 | |
CY2022 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.13 | |
CY2024 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-2.89 | |
CY2023 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-11.92 | |
CY2022 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
|
-1.08 | |
CY2024 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4732726 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5678081 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
40485912 | shares |
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 |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
0 | usd |
CY2022 | pavs |
Net Income Loss During Period
NetIncomeLossDuringPeriod
|
-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 |
CY2023 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
6000000 | usd |
CY2023 | pavs |
Stock Issued During Period For Share Sonsolidation Amount
StockIssuedDuringPeriodForShareSonsolidationAmount
|
0 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
7081250 | usd |
CY2023 | pavs |
Convention Of Class A Ordinary Shares Into Class B Ordinary Shares Amount
ConventionOfClassAOrdinarySharesIntoClassBOrdinarySharesAmount
|
0 | usd |
CY2023 | pavs |
Net Income Loss During Period
NetIncomeLossDuringPeriod
|
-72187116 | usd |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-4435667 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
13873071 | usd |
CY2024 | pavs |
Share Cancellation Amount
ShareCancellationAmount
|
-2000000 | usd |
CY2024 | pavs |
Net Income Loss During Period
NetIncomeLossDuringPeriod
|
3757255 | usd |
CY2024 | pavs |
Stock Issued During Period For Discontinued Operations Disposal
StockIssuedDuringPeriodForDiscontinuedOperationsDisposal
|
-13684579 | usd |
CY2024 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
3222698 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
5168445 | usd |
CY2024 | us-gaap |
Profit Loss
ProfitLoss
|
-9927324 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-72187116 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-54020081 | usd |
CY2024 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
381126 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
58751 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
34610 | usd |
CY2024 | pavs |
Goodwill Impairment Loss1
GoodwillImpairmentLoss1
|
1807850 | usd |
CY2023 | pavs |
Goodwill Impairment Loss1
GoodwillImpairmentLoss1
|
0 | usd |
CY2022 | pavs |
Goodwill Impairment Loss1
GoodwillImpairmentLoss1
|
0 | usd |
CY2024 | pavs |
Gain Loss On Sale Of Property Plants Equipment
GainLossOnSaleOFPropertyPlantsEquipment
|
0 | usd |
CY2023 | pavs |
Gain Loss On Sale Of Property Plants Equipment
GainLossOnSaleOFPropertyPlantsEquipment
|
-87122 | usd |
CY2022 | pavs |
Gain Loss On Sale Of Property Plants Equipment
GainLossOnSaleOFPropertyPlantsEquipment
|
0 | usd |
CY2024 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
0 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1086231 | usd |
CY2024 | pavs |
Gain On Disposal Of Discontinued Operations
GainOnDisposalOfDiscontinuedOperations
|
7547428 | usd |
CY2023 | pavs |
Gain On Disposal Of Discontinued Operations
GainOnDisposalOfDiscontinuedOperations
|
3039676 | usd |
CY2022 | pavs |
Gain On Disposal Of Discontinued Operations
GainOnDisposalOfDiscontinuedOperations
|
0 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
11360 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-13516 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
13516 | usd |
CY2024 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
0 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-344479 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
344479 | usd |
CY2024 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
588607 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-1034655 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
4342157 | usd |
CY2024 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
0 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-310859 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
311111 | usd |
CY2024 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-557791 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-2180921 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
2904231 | usd |
CY2024 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
0 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
4712 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
4275 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-16443534 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-75553620 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-55001997 | usd |
CY2024 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
4568288 | usd |
CY2023 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
72586577 | usd |
CY2022 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
44503488 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-11875246 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2967042 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-10498509 | usd |
CY2024 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
273650 | usd |
CY2024 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
-11698379 | usd |
CY2023 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
0 | usd |
CY2022 | us-gaap |
Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
|
0 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
11698379 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
0 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-273650 | usd |
CY2024 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
0 | usd |
CY2023 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
89322 | usd |
CY2022 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
-8205471 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
11698379 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
89322 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-8479121 | usd |
CY2024 | pavs |
Ordinary Shares Issued For Cash
OrdinarySharesIssuedForCash
|
0 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
3000000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
18877600 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
0 | usd |
CY2023 | pavs |
Ordinary Shares Issued For Cash
OrdinarySharesIssuedForCash
|
3000000 | usd |
CY2022 | pavs |
Ordinary Shares Issued For Cash
OrdinarySharesIssuedForCash
|
18877600 | usd |
CY2024 | us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
0 | usd |
CY2023 | us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
145524 | usd |
CY2022 | us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
-46814 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
0 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
3145524 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
18830786 | usd |
CY2024 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-928253 | usd |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1477741 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
95575 | usd |
CY2024 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1105120 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1745545 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-51269 | usd |
CY2024 | pavs |
Cash And Cash Equivalents Of Continuing Operations Beginning Of Year
CashAndCashEquivalentsOfContinuingOperationsBeginningOfYear
|
2049362 | usd |
CY2023 | pavs |
Cash And Cash Equivalents Of Continuing Operations Beginning Of Year
CashAndCashEquivalentsOfContinuingOperationsBeginningOfYear
|
303817 | usd |
CY2022 | pavs |
Cash And Cash Equivalents Of Continuing Operations Beginning Of Year
CashAndCashEquivalentsOfContinuingOperationsBeginningOfYear
|
355086 | usd |
CY2024 | pavs |
Cash And Cash Equivalents Of Discontinued Operations Beginning Of Year
CashAndCashEquivalentsOfDiscontinuedOperationsBeginningOfYear
|
1306125 | usd |
CY2023 | pavs |
Cash And Cash Equivalents Of Discontinued Operations Beginning Of Year
CashAndCashEquivalentsOfDiscontinuedOperationsBeginningOfYear
|
19429814 | usd |
CY2022 | pavs |
Cash And Cash Equivalents Of Discontinued Operations Beginning Of Year
CashAndCashEquivalentsOfDiscontinuedOperationsBeginningOfYear
|
36203666 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3355487 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19733631 | usd |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
36558752 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
944242 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3355487 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
19733631 | usd |
CY2024 | pavs |
Less Cash And Cash Equivalents Of Discontinued Operations End Of Year
LessCashAndCashEquivalentsOfDiscontinuedOperationsEndOfYear
|
0 | usd |
CY2023 | pavs |
Less Cash And Cash Equivalents Of Discontinued Operations End Of Year
LessCashAndCashEquivalentsOfDiscontinuedOperationsEndOfYear
|
1306125 | usd |
CY2022 | pavs |
Less Cash And Cash Equivalents Of Discontinued Operations End Of Year
LessCashAndCashEquivalentsOfDiscontinuedOperationsEndOfYear
|
19429814 | usd |
CY2024 | pavs |
Cash And Cash Equivalents Of Continuing Operations End Of Year
CashAndCashEquivalentsOfContinuingOperationsEndOfYear
|
944242 | usd |
CY2023 | pavs |
Cash And Cash Equivalents Of Continuing Operations End Of Year
CashAndCashEquivalentsOfContinuingOperationsEndOfYear
|
2049362 | usd |
CY2022 | pavs |
Cash And Cash Equivalents Of Continuing Operations End Of Year
CashAndCashEquivalentsOfContinuingOperationsEndOfYear
|
303817 | usd |
CY2024 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
90742 | usd |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd |
CY2024 | us-gaap |
Interest Paid Net
InterestPaidNet
|
29298 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2022 | pavs |
Stock Issued For Cash
StockIssuedForCash
|
0 | usd |
CY2023 | pavs |
Stock Issued For Cash
StockIssuedForCash
|
3000000 | usd |
CY2024 | pavs |
Stock Issued For Cash
StockIssuedForCash
|
0 | usd |
CY2018Q3 | pavs |
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 Fuzhou, which is 100% owned by Happiness Hong Kong. After the reorganization, Paranovus Cayman owns 100% equity interests of Fujian Happiness. Mr. Wang Xuezhu, who owns 52.37% ownership of Paranovus Cayman, became the ultimate controlling shareholder (“the Controlling Shareholder”) of the Company | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
77223100 | shares |
CY2024 | us-gaap |
Profit Loss
ProfitLoss
|
-9927324 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-11875246 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-61957019 | usd |
CY2024Q2 | us-gaap |
Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
|
750000 | usd |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">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, plant and equipment, net 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> | |
CY2024 | pavs |
Sales From Our Product Lines
SalesFromOurProductLines
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="10" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>For the years ended March 31,</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2024</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2023</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2022</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Automobile</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">6,544,819</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">23,332,223</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">20,758,645</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><strong>Revenue</strong></p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;"><strong>$</strong></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;"><strong>6,544,819</strong></td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;"><strong>$</strong></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;"><strong>23,332,223</strong></td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;vertical-align:bottom;white-space: nowrap;"><strong>$</strong></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;"><strong>20,758,645</strong></td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | |
CY2024 | us-gaap |
Revenues
Revenues
|
6544819 | usd |
CY2023 | us-gaap |
Revenues
Revenues
|
23332223 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
20758645 | usd |
CY2024 | pavs |
After Tax Profit
AfterTaxProfit
|
0.10 | pure |
CY2024 | pavs |
Accumulative Amount Of Reserve
AccumulativeAmountOfReserve
|
0.50 | pure |
CY2024 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><em>Exchange Rate Risks</em></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The Company operates in China, which may give rise to significant foreign currency risks from fluctuations and the degree of volatility of foreign exchange rates between the US$ and the RMB. As of March 31, 2024 and 2023, cash and cash equivalents of $602,235 (RMB 4,272,854) and $1,825,187 (RMB 12,542,139), respectively, is denominated in RMB and is held in PRC.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><em>Currency Convertibility Risks</em></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; 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-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><em>Concentration of Credit Risks</em></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; 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-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><em>Interest Rate Risks</em></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; 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> | |
CY2024Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
11360 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
0 | usd |
CY2024Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
11360 | usd |
CY2023Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
0 | usd |
CY2024Q1 | us-gaap |
Supplies
Supplies
|
74362 | usd |
CY2023Q1 | us-gaap |
Supplies
Supplies
|
1229829 | usd |
CY2024Q1 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
273643 | usd |
CY2023Q1 | us-gaap |
Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
|
0 | usd |
CY2024Q1 | pavs |
Advance Payment Of Intangible Asset
AdvancePaymentOfIntangibleAsset
|
1500000 | usd |
CY2023Q1 | pavs |
Advance Payment Of Intangible Asset
AdvancePaymentOfIntangibleAsset
|
0 | usd |
CY2024Q1 | pavs |
Vat Deductibles
VatDeductibles
|
752 | usd |
CY2023Q1 | pavs |
Vat Deductibles
VatDeductibles
|
0 | usd |
CY2024Q1 | pavs |
Investment Receivables From The Investors
InvestmentReceivablesFromTheInvestors
|
0 | usd |
CY2023Q1 | pavs |
Investment Receivables From The Investors
InvestmentReceivablesFromTheInvestors
|
2000000 | usd |
CY2024Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
47352 | usd |
CY2023Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
77673 | usd |
CY2024Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
1896109 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
3307502 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
20275 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
20934 | usd |
CY2024Q1 | pavs |
Less Accumulated Depreciation
LessAccumulatedDepreciation
|
7679 | usd |
CY2023Q1 | pavs |
Less Accumulated Depreciation
LessAccumulatedDepreciation
|
7464 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
12596 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
13470 | usd |
CY2024 | us-gaap |
Depreciation
Depreciation
|
1126 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
27084 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
34610 | usd |
CY2024 | us-gaap |
Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
|
5894 | usd |
CY2023Q1 | pavs |
Finite Lived Proprietary Technology Gross
FiniteLivedProprietaryTechnologyGross
|
1900000 | usd |
CY2023Q1 | us-gaap |
Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
|
1900000 | usd |
CY2024Q1 | us-gaap |
Other Finite Lived Intangible Assets Gross
OtherFiniteLivedIntangibleAssetsGross
|
1900000 | usd |
CY2024Q1 | pavs |
Finite Lived Proprietary Technology Gross
FiniteLivedProprietaryTechnologyGross
|
1900000 | usd |
CY2024 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
411667 | usd |
CY2023 | us-gaap |
Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
|
31667 | usd |
CY2024Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1488333 | usd |
CY2023Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1868333 | usd |
CY2023 | us-gaap |
Sale Leaseback Transaction Transaction Costs Financing Activities
SaleLeasebackTransactionTransactionCostsFinancingActivities
|
1900000 | usd |
CY2024 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
380000 | usd |
CY2023 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
31667 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
380000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
380000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
380000 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
348333 | usd |
CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1488333 | usd |
CY2024Q1 | us-gaap |
Goodwill Gross
GoodwillGross
|
5184036 | usd |
CY2023Q1 | us-gaap |
Goodwill Gross
GoodwillGross
|
5184036 | usd |
CY2024Q1 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
1807850 | usd |
CY2023Q1 | us-gaap |
Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
|
0 | usd |
CY2024Q1 | pavs |
Goodwill Net
GoodwillNet
|
3376186 | usd |
CY2023Q1 | pavs |
Goodwill Net
GoodwillNet
|
5184036 | usd |
CY2024 | pavs |
Scheduleofcarrying Amount Of Goodwilltabletextblock
ScheduleofcarryingAmountOfGoodwilltabletextblock
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><strong>As of </strong><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>March 31,</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="width:9%;vertical-align:bottom;text-align:center;"><strong>As of </strong><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>March 31,</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2024</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:center;"><strong>2023</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Goodwill</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5,184,036</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Acquisitions (Note 12)</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">-</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">5,184,036</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Impairment</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">(1,807,850 </td><td style="PADDING-BOTTOM: 1px;width:1%;vertical-align:bottom;white-space: nowrap;">)</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">-</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in">Goodwill, net</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">3,376,186</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">5,184,036</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | |
CY2024 | us-gaap |
Goodwill Transfers
GoodwillTransfers
|
5184036 | usd |
CY2023 | us-gaap |
Goodwill Transfers
GoodwillTransfers
|
0 | usd |
CY2024 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
0 | usd |
CY2023 | us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
5184036 | usd |
CY2024 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
-1807850 | usd |
CY2023 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
0 | usd |
CY2024Q1 | us-gaap |
Goodwill
Goodwill
|
3376186 | usd |
CY2023Q1 | us-gaap |
Goodwill
Goodwill
|
5184036 | usd |
CY2024 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
-1807850 | usd |
CY2024Q1 | us-gaap |
Customer Advances Current
CustomerAdvancesCurrent
|
73953 | usd |
CY2023Q1 | us-gaap |
Customer Advances Current
CustomerAdvancesCurrent
|
655922 | usd |
CY2024Q1 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
7277 | usd |
CY2023Q1 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
9900 | usd |
CY2024Q1 | pavs |
Loan Payable To The Third Party
LoanPayableToTheThirdParty
|
2289167 | usd |
CY2023Q1 | pavs |
Loan Payable To The Third Party
LoanPayableToTheThirdParty
|
0 | usd |
CY2024Q1 | pavs |
Deposit
Deposit
|
50000 | usd |
CY2023Q1 | pavs |
Deposit
Deposit
|
0 | usd |
CY2024Q1 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
139984 | usd |
CY2023Q1 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
57488 | usd |
CY2024Q1 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
2560381 | usd |
CY2023Q1 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
723310 | usd |
CY2023Q4 | pavs |
Aggregate Loan Amount
AggregateLoanAmount
|
2250000 | usd |
CY2024 | us-gaap |
Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
|
0.08 | pure |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
160000 | shares |
CY2020Q1 | pavs |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Optionsoutstanding Weighted Average Exercise Prices
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherOptionsoutstandingWeightedAverageExercisePrices
|
6.60 | |
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 | |
CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
0 | usd |
CY2021 | pavs |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Granted
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueGranted
|
0 | usd |
CY2021 | pavs |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Forfeited
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueForfeited
|
0 | usd |
CY2021 | pavs |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Exercised
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueExercised
|
0 | usd |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
160000 | shares |
CY2021Q1 | pavs |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Optionsoutstanding Weighted Average Exercise Prices
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherOptionsoutstandingWeightedAverageExercisePrices
|
6.60 | |
CY2021 | pavs |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms One
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTermsOne
|
P3Y7M6D | |
CY2021Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
0 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
160000 | shares |
CY2022Q1 | pavs |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Optionsoutstanding Weighted Average Exercise Prices
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherOptionsoutstandingWeightedAverageExercisePrices
|
6.60 | |
CY2022 | pavs |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms One
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTermsOne
|
P2Y7M6D | |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
0 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
8000 | shares |
CY2023Q1 | pavs |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Optionsoutstanding Weighted Average Exercise Prices
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherOptionsoutstandingWeightedAverageExercisePrices
|
132.00 | |
CY2023 | pavs |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms One
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTermsOne
|
P1Y7M6D | |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
0 | usd |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
8000 | shares |
CY2024Q1 | pavs |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Optionsoutstanding Weighted Average Exercise Prices
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherOptionsoutstandingWeightedAverageExercisePrices
|
132.00 | |
CY2024 | pavs |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms One
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTermsOne
|
P0Y7M6D | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
|
0 | usd |
CY2024 | 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 | |
CY2024Q1 | pavs |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Percent
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxPercent
|
0.15 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.250 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.250 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.250 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.100 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.100 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
|
0.100 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
-0.001 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
|
-0.001 | pure |
CY2024 | pavs |
Effective Income Tax Rate Reconciliation Deduction
EffectiveIncomeTaxRateReconciliationDeduction
|
-0.150 | pure |
CY2023 | pavs |
Effective Income Tax Rate Reconciliation Deduction
EffectiveIncomeTaxRateReconciliationDeduction
|
-0.149 | pure |
CY2022 | pavs |
Effective Income Tax Rate Reconciliation Deduction
EffectiveIncomeTaxRateReconciliationDeduction
|
-0.149 | pure |
CY2024 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
0 | usd |
CY2023 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
2996 | usd |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
696 | usd |
CY2024 | us-gaap |
Other Tax Expense Benefit
OtherTaxExpenseBenefit
|
0 | usd |
CY2023 | us-gaap |
Other Tax Expense Benefit
OtherTaxExpenseBenefit
|
2996 | usd |
CY2022 | us-gaap |
Other Tax Expense Benefit
OtherTaxExpenseBenefit
|
696 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
137376 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
88609 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
530886 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
137376 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
88609 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
530886 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2024Q1 | pavs |
Value Added Tax Payable
ValueAddedTaxPayable
|
0 | usd |
CY2023Q1 | pavs |
Value Added Tax Payable
ValueAddedTaxPayable
|
8694 | usd |
CY2024Q1 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
0 | usd |
CY2023Q1 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
293 | usd |
CY2024Q1 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
0 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
8987 | usd |
CY2021Q1 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
|
1900000 | usd |
CY2022 | pavs |
Exchange Gain Amount
ExchangeGainAmount
|
300000 | usd |
CY2022Q1 | us-gaap |
Discontinued Operation Equity Method Investment Retained After Disposal Ownership Interest Prior To Disposal
DiscontinuedOperationEquityMethodInvestmentRetainedAfterDisposalOwnershipInterestPriorToDisposal
|
1 | pure |
CY2022Q1 | pavs |
Over Paid
OverPaid
|
12000000.0 | cny |
CY2023Q2 | pavs |
Cash Consideration For Equity Interests
CashConsiderationForEquityInterests
|
11300000 | usd |
CY2023Q3 | pavs |
Cash Consideration For Equity Interests
CashConsiderationForEquityInterests
|
700000 | usd |
CY2024 | 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 | |
CY2022Q3 | us-gaap |
Percentage Of Fifo Inventory
PercentageOfFIFOInventory
|
0.10 | pure |
CY2024 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
|
0.10 | pure |