2022 Q4 Form 20-F Financial Statement
#000121390023039841 Filed on May 15, 2023
Income Statement
Concept | 2022 Q4 | 2022 | 2021 Q4 |
---|---|---|---|
Revenue | $26.91M | $26.91M | $18.63M |
YoY Change | 44.45% | 44.45% | |
Cost Of Revenue | $20.29M | $20.29M | $12.91M |
YoY Change | 57.17% | 57.17% | |
Gross Profit | $6.619M | $6.619M | $5.719M |
YoY Change | 15.72% | 15.72% | |
Gross Profit Margin | 24.6% | 24.6% | 30.7% |
Selling, General & Admin | $1.589M | $1.650M | $1.145M |
YoY Change | 38.83% | 37.82% | |
% of Gross Profit | 24.01% | 24.92% | 20.01% |
Research & Development | $909.8K | $932.3K | $947.5K |
YoY Change | -3.98% | -5.53% | |
% of Gross Profit | 13.75% | 14.09% | 16.57% |
Depreciation & Amortization | $148.0K | $22.50K | $215.1K |
YoY Change | -31.2% | -42.85% | 168.9% |
% of Gross Profit | 2.24% | 0.34% | 3.76% |
Operating Expenses | $2.582M | $2.550M | $2.186M |
YoY Change | 18.09% | 14.16% | |
Operating Profit | $4.037M | $4.069M | $3.533M |
YoY Change | 14.26% | 16.72% | |
Interest Expense | -$473.1K | $473.1K | -$425.9K |
YoY Change | 11.09% | 13.27% | |
% of Operating Profit | -11.72% | 11.63% | -12.05% |
Other Income/Expense, Net | $318.3K | -$154.8K | $636.8K |
YoY Change | -50.03% | -173.4% | |
Pretax Income | $3.914M | $3.914M | $3.697M |
YoY Change | 5.87% | 5.87% | |
Income Tax | $437.8K | $437.8K | $301.9K |
% Of Pretax Income | 11.19% | 11.19% | 8.17% |
Net Earnings | $3.476M | $3.476M | $3.395M |
YoY Change | 2.4% | 2.4% | |
Net Earnings / Revenue | 12.92% | 12.92% | 18.22% |
Basic Earnings Per Share | $0.38 | ||
Diluted Earnings Per Share | $0.38 | $0.38 | $0.28 |
COMMON SHARES | |||
Basic Shares Outstanding | 9.148M shares | ||
Diluted Shares Outstanding | 9.148M shares |
Balance Sheet
Concept | 2022 Q4 | 2022 | 2021 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $7.033M | $7.033M | $5.175M |
YoY Change | 35.9% | 35.9% | |
Cash & Equivalents | $7.067M | $7.033M | $5.175M |
Short-Term Investments | |||
Other Short-Term Assets | $4.751M | $4.751M | $2.608M |
YoY Change | 82.17% | 82.17% | |
Inventory | $6.227M | $6.227M | $3.902M |
Prepaid Expenses | $495.3K | ||
Receivables | $9.961M | $9.961M | $1.754M |
Other Receivables | $95.01K | $263.2K | $55.25K |
Total Short-Term Assets | $28.24M | $28.24M | $13.49M |
YoY Change | 109.25% | 109.25% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.662M | $9.327M | $1.080M |
YoY Change | 53.91% | -6.06% | |
Goodwill | |||
YoY Change | |||
Intangibles | $8.814K | $11.09K | |
YoY Change | -20.54% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $33.49K | $33.49K | $36.25K |
YoY Change | -7.61% | -7.61% | |
Total Long-Term Assets | $9.369M | $9.369M | $9.976M |
YoY Change | -6.08% | -6.08% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $28.24M | $28.24M | $13.49M |
Total Long-Term Assets | $9.369M | $9.369M | $9.976M |
Total Assets | $37.61M | $37.61M | $23.47M |
YoY Change | 60.22% | 60.22% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $4.729M | $4.729M | $4.152M |
YoY Change | 13.91% | 13.91% | |
Accrued Expenses | $790.6K | $790.6K | $626.5K |
YoY Change | 26.2% | 26.2% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $6.227M | $6.227M | $5.756M |
YoY Change | 8.18% | 8.18% | |
Long-Term Debt Due | $4.350M | $4.350M | |
YoY Change | |||
Total Short-Term Liabilities | $18.04M | $18.04M | $11.87M |
YoY Change | 52.03% | 52.03% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $217.5K | $217.5K | $4.708M |
YoY Change | -95.38% | -95.38% | |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $217.5K | $217.5K | $4.708M |
YoY Change | -95.38% | -95.38% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $18.04M | $18.04M | $11.87M |
Total Long-Term Liabilities | $217.5K | $217.5K | $4.708M |
Total Liabilities | $18.26M | $18.26M | $16.58M |
YoY Change | 10.17% | 10.17% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | |||
YoY Change | |||
Common Stock | 5.000M cnies | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $19.34M | $19.34M | $6.894M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $37.61M | $37.61M | $23.47M |
YoY Change | 60.22% | 60.22% |
Cashflow Statement
Concept | 2022 Q4 | 2022 | 2021 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $3.476M | $3.476M | $3.395M |
YoY Change | 2.4% | 2.4% | |
Depreciation, Depletion And Amortization | $148.0K | $22.50K | $215.1K |
YoY Change | -31.2% | -42.85% | 168.9% |
Cash From Operating Activities | -$5.365M | -$4.151M | $4.643M |
YoY Change | -215.55% | -189.41% | -173.0% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $4.724M | $694.8K | $244.2K |
YoY Change | 1834.71% | 184.74% | 43.63% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$4.724M | -$4.896M | -$244.2K |
YoY Change | 1834.71% | 1905.21% | 43.63% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | $1.012M | ||
YoY Change | |||
Cash From Financing Activities | 10.70M | $11.32M | -3.396M |
YoY Change | -415.24% | -433.38% | -133.65% |
NET CHANGE | |||
Cash From Operating Activities | -5.365M | -$4.151M | 4.643M |
Cash From Investing Activities | -4.724M | -$4.896M | -244.2K |
Cash From Financing Activities | 10.70M | $11.32M | -3.396M |
Net Change In Cash | 615.4K | $1.893M | 1.003M |
YoY Change | -38.66% | 88.65% | -71.82% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$5.365M | -$4.151M | $4.643M |
Capital Expenditures | $4.724M | $694.8K | $244.2K |
Free Cash Flow | -$10.09M | -$4.846M | $4.399M |
YoY Change | -329.35% | -210.16% | -167.36% |
Facts In Submission
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2022-12-31 | |
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Erayak Power Solution Group Inc. | |
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No. 528, 4th Avenue | |
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Binhai Industrial Park | |
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Wenzhou | |
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|
3394649 | usd |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2213372 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
611144 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-122397 | usd |
CY2020 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-193531 | usd |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2864817 | usd |
CY2021 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
3517046 | usd |
CY2020 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2406903 | usd |
CY2022 | raya |
Earnings Per Share Attributable To Common Shareholders
EarningsPerShareAttributableToCommonShareholders
|
12000000 | shares |
CY2021 | raya |
Earnings Per Share Attributable To Common Shareholders
EarningsPerShareAttributableToCommonShareholders
|
9000000 | shares |
CY2020 | raya |
Earnings Per Share Attributable To Common Shareholders
EarningsPerShareAttributableToCommonShareholders
|
10000 | shares |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.38 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.4 | |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
221.34 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
9147945 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
1413918 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
10000 | shares |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6894322 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
9584912 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-611144 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3475961 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19344051 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3376377 | usd |
CY2021 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
899 | usd |
CY2021 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
122397 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3394649 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
6894322 | usd |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
969474 | usd |
CY2020 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
193531 | usd |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2213372 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3376377 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3475961 | usd |
CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3394649 | usd |
CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2213372 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
269817 | usd |
CY2021 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
215121 | usd |
CY2020 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
148194 | usd |
CY2021 | raya |
Deferred Tax Assets
DeferredTaxAssets
|
-30633 | usd |
CY2020 | raya |
Deferred Tax Assets
DeferredTaxAssets
|
-648 | usd |
CY2021 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
2649 | usd |
CY2020 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
15112 | usd |
CY2022 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
-31668 | usd |
CY2021 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
47358 | usd |
CY2020 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
30744 | usd |
CY2022 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
27121 | usd |
CY2021 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
70195 | usd |
CY2020 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
56987 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
523774 | usd |
CY2021 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
546362 | usd |
CY2020 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
188879 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
8549354 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-3380552 | usd |
CY2020 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
4078270 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2656056 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
2200180 | usd |
CY2020 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
329435 | usd |
CY2022 | us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
-1227244 | usd |
CY2021 | us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
1109383 | usd |
CY2020 | us-gaap |
Increase Decrease In Materials And Supplies
IncreaseDecreaseInMaterialsAndSupplies
|
730042 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-469085 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
489315 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
41239 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-127332 | usd |
CY2020 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
96160 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Loans
IncreaseDecreaseInOtherLoans
|
172388 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
661080 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
803611 | usd |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
274724 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
164303 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
356061 | usd |
CY2020 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-90921 | usd |
CY2022 | us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
215483 | usd |
CY2021 | us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
-276454 | usd |
CY2020 | us-gaap |
Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
|
338968 | usd |
CY2020 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-6437325 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
265702 | usd |
CY2021 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-195033 | usd |
CY2020 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
569330 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4151135 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
4642892 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7926491 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
694813 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
244017 | usd |
CY2020 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
176649 | usd |
CY2021 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
155 | usd |
CY2020 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
9357 | usd |
CY2022 | raya |
Prepayment For Land And Warehouse Purchase
PrepaymentForLandAndWarehousePurchase
|
4201354 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-4896167 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-244172 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-186006 | usd |
CY2022 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
8381681 | usd |
CY2021 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
4284208 | usd |
CY2020 | us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
3692217 | usd |
CY2022 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
7450134 | usd |
CY2021 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
4182881 | usd |
CY2020 | us-gaap |
Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
|
799373 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
24015431 | usd |
CY2021 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
15311425 | usd |
CY2020 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
6882563 | usd |
CY2022 | raya |
Repayments To Related Parties
RepaymentsToRelatedParties
|
23930302 | usd |
CY2021 | raya |
Repayments To Related Parties
RepaymentsToRelatedParties
|
16172950 | usd |
CY2020 | raya |
Repayments To Related Parties
RepaymentsToRelatedParties
|
5651853 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
10080231 | usd |
CY2021 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
-7285918 | usd |
CY2020 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
6807451 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
1235004 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
4650586 | usd |
CY2022 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1012044 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
11319867 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-3395530 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
10931005 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-381011 | usd |
CY2021 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
109448 | usd |
CY2020 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
231547 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1892554 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1003190 | usd |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2818508 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
5174693 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
4062055 | usd |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1012000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
7067247 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
5174693 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
4062055 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
7032519 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
5174693 | usd |
CY2020Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
460522 | usd |
CY2022Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
34728 | usd |
CY2020Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
3601533 | usd |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
7067247 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
5174693 | usd |
CY2020Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
4062055 | usd |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
123608 | usd |
CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
99690 | usd |
CY2020 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
26669 | usd |
CY2022 | us-gaap |
Dividends And Interest Paid
DividendsAndInterestPaid
|
831755 | usd |
CY2021 | us-gaap |
Dividends And Interest Paid
DividendsAndInterestPaid
|
365752 | usd |
CY2020 | us-gaap |
Dividends And Interest Paid
DividendsAndInterestPaid
|
94631 | usd |
CY2022 | raya |
Deferred Ipo Cost Netted Against Ipo Proceeds In Equity
DeferredIPOCostNettedAgainstIPOProceedsInEquity
|
495319 | usd |
CY2022 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 – ORGANIZATION AND NATURE OF OPERATIONS</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; text-align: justify"><b>Erayak Power Solution Group Inc. (“Erayak Group”)</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Erayak Group was incorporated on June 14, 2019 under the laws of Cayman Islands. Under its memorandum of association, Erayak Group is authorized to issue 500,000,000 ordinary shares of par value of $0.0001 each, comprising of: (i) 450,000,000 Class A Ordinary Shares of par value of USD0.0001 each, and (ii) 50,000,000 Class B Ordinary Shares of par value of USD0.0001 each. There are currently 11,000,000 issued and outstanding Class A Ordinary Shares and 1,000,000 issued and outstanding Class B Ordinary Shares, of which 6,000,000 Class A and 1,000,000 Class B Ordinary Shares are owned by Erayak International Limited, 1,400,000 Class A Ordinary Shares are owned by CEC Science and Innovation Co., Ltd., and 600,000 Class A Ordinary Shares are owned by Grand Merchant Incorporation Limited.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Erayak Group is a holding company and is currently not actively engaging in any business. Erayak Group’s registered agent is Harneys Fiduciary (Cayman) Limited, and its registered office is at 4th Floor, Harbour Place, 103 South Church Street, P.O. Box 10240, Grand Cayman, KY1-1002, Cayman Islands.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid; white-space: nowrap; width: 30%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Entity Name</b></span></td> <td style="white-space: nowrap; width: 1%; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: black 1.5pt solid; white-space: nowrap; width: 15%"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Registered</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Location</b></p></td> <td style="white-space: nowrap; width: 1%; text-align: center"> </td> <td style="vertical-align: bottom; border-bottom: black 1.5pt solid; white-space: nowrap; width: 20%; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Date of Incorporation</b></span></td> <td style="white-space: nowrap; width: 1%; text-align: center"> </td> <td style="vertical-align: bottom; text-align: center; border-bottom: black 1.5pt solid; white-space: nowrap; width: 33%"> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>Ownership as of the</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><b>issuance date of the report</b></p></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Erayak Power Solution Group Inc. (“Erayak Group”)</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Cayman Islands</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">June 14, 2019</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Parent</span></td></tr> <tr style="background-color: White"> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Erayak Power Solution Limited<br/> (“Erayak BVI’)</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">British Virgin Island</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">June 17, 2019</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% by the Parent</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Erayak Power Solution Hong Kong Limited (“Erayak HK”)</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Hong Kong</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">June 26, 2019</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% by Erayak BVI</span></td></tr> <tr style="background-color: White"> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wenzhou Wenjie Technology Limited (“Wenjie”)</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wenzhou, China</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">December 11, 2019</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% by Erayak HK</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Beijing Leiya Meijia Technology Co., Ltd. (“Meijia”)</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Beijing, China</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">May 14, 2019</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% by Wenjie</span></td></tr> <tr style="background-color: White"> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zhejiang Leiya Electronics Limited (“Leiya”)</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wenzhou, China</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">March 5, 2009</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% by Wenjie</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wenzhou New Focus Limited<br/> (“New Focus”)</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Wenzhou, China</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">November 21, 2012</span></td> <td style="text-align: center"> </td> <td style="vertical-align: bottom; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">100% by Leiya</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Erayak Power Solution Limited (“Erayak BVI”)</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Erayak BVI was incorporated on June 17, 2019 under the laws of British Virgin Islands. Under its memorandum of association, Erayak BVI is authorized to issue 50,000 ordinary shares of a single class, par value $1 per ordinary share. There are currently 100 issued and outstanding ordinary shares, of which 100% are owned by Erayak Power Solution Group Limited. Erayak BVI is a holding company and is currently not actively engaging in any business. Erayak BVI’s registered agent is Harneys Corporate Services Limited and its registered office is at Craigmuir Chambers, Road Town, Tortola, VG 1110, British Virgin Islands.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Erayak Power Solution Hong Kong Limited (“Erayak HK”)</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Erayak HK was incorporated on June 26, 2019 under the laws of Hong Kong and is a wholly owned subsidiary of Erayak Power Solution Limited. The paid in capital was zero as of December 31, 2022. Erayak HK did not have any operations as of December 31, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Wenzhou Wenjie Technology Limited (“Wenjie”)</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Wenjie was incorporated on December 11, 2019 in People’s Republic of China (“China” or “PRC”), and is a wholly owned subsidiary of Erayak Power Solution Hong Kong Limited. Wenjie is a wholly-foreign owned enterprise organized under the laws of the PRC. The registered capital is RMB 5,000,000 and the paid in capital was zero as of December 31, 2022. Wenjie did not have any operations as of December 31, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Beijing Leiya Meijia Technology Co., Limited (“Meijia”)</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Meijia was incorporated on May 14, 2019 under the laws of the People’s Republic of China. The registered capital is RMB 100,000, and the paid in capital was zero as of December 31, 2022. Meijia was acquired by Wenjie on January 12, 2021 and did not have any operations as of December 31, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Zhejiang Leiya Electronics Limited (“Leiya”)</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Leiya was incorporated on March 5, 2009 under the laws of the People’s Republic of China. The registered capital is RMB 50,000,000, and the paid in capital is RMB 6,900,000 as of December 31, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The registered principal activities of Leiya are mainly development, production and sales of inverters, chargers and gasoline generators. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Wenzhou New Focus Limited (“New Focus”)</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">New Focus was incorporated on November 21, 2012 in China, and is a wholly owned subsidiary of Leiya. The registered capital is RMB 30,000,000. The paid in capital was RMB 5,000,000 as of December 31, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The principal activity of New Focus is mainly the sale of Leiya’s products, which involves exports to multiple countries.</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"><b>Reorganization</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In or about April and August 2020, the Company completed corporate reorganization to roll several controlled entities (now referred to as the subsidiaries) into one legal corporation (the Company). Shengling Xiang transferred 10% equity of Leiya to Hecang Limited, a Hong Kong entity’s subsidiary, on January 14, 2020. On April 21, 2020, Wenjie acquired 90% equity of Leiya from Shengling Xiang, and 10% from Hecang Limited. As a result, Leiya’s equity interest is 100% held by Wenjie as of April 21, 2020. On August 12, 2020, Chuanlong Lin transferred 100% equity of New Focus to Leiya. Therefore, Leiya holds 100% of equity interest of New Focus as of August 12, 2020. Shengling Xiang, Hecang Limited, and Chuanlong Lin were holding shares on behalf of Lingyi Kong, and therefore, the Company is under the control of Lingyi Kong both before and after the transactions.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">During the years presented in these consolidated financial statements, the control of the entities has never changed (always under the ultimate control of Lingyi Kong). Accordingly, the combination has been treated as a corporate restructuring (reorganization) of entities under common control and thus the current capital structure has been retroactively presented in prior periods as if such structure existed at that time and in accordance with ASC 805-50-45-5, the entities under common control are presented on a combined basis for all periods to which such entities were under common control. The consolidation of the Company and its subsidiaries has been accounted for at historical cost and prepared on the basis as if the aforementioned transactions had become effective as of the beginning of the first period presented in the accompanying consolidated financial statements.</p> | |
CY2022Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
5000000 | cny |
CY2020Q1 | us-gaap |
Health Care Organization Allowance For Doubtful Accounts Percentage Of Accounts Receivable
HealthCareOrganizationAllowanceForDoubtfulAccountsPercentageOfAccountsReceivable
|
0.10 | pure |
CY2020Q3 | us-gaap |
Plan Of Reorganization Description Of Debt Securities Issued Or To Be Issued
PlanOfReorganizationDescriptionOfDebtSecuritiesIssuedOrToBeIssued
|
Wenjie acquired 90% equity of Leiya from Shengling Xiang, and 10% from Hecang Limited. As a result, Leiya’s equity interest is 100% held by Wenjie as of April 21, 2020. | |
CY2020Q2 | us-gaap |
Plan Of Reorganization Description Of Debt Securities Issued Or To Be Issued
PlanOfReorganizationDescriptionOfDebtSecuritiesIssuedOrToBeIssued
|
Chuanlong Lin transferred 100% equity of New Focus to Leiya. Therefore, Leiya holds 100% of equity interest of New Focus as of August 12, 2020. | |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4151135 | usd |
CY2022Q4 | us-gaap |
Partners Capital
PartnersCapital
|
10192102 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and the accompanying notes. Such estimates include, but are not limited to, allowances for doubtful accounts, inventory valuation, useful lives of property, plant and equipment, intangible assets, and income taxes related to realization of deferred tax assets and uncertain tax position. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2022Q4 | us-gaap |
Derivative Forward Exchange Rate1
DerivativeForwardExchangeRate1
|
6.8972 | pure |
CY2021Q4 | us-gaap |
Derivative Forward Exchange Rate1
DerivativeForwardExchangeRate1
|
6.3726 | pure |
CY2020Q4 | us-gaap |
Derivative Forward Exchange Rate1
DerivativeForwardExchangeRate1
|
6.525 | pure |
CY2022Q4 | us-gaap |
Derivative Average Exchange Rate Cap1
DerivativeAverageExchangeRateCap1
|
6.729 | pure |
CY2021Q4 | us-gaap |
Derivative Average Exchange Rate Cap1
DerivativeAverageExchangeRateCap1
|
6.4508 | pure |
CY2020Q4 | us-gaap |
Derivative Average Exchange Rate Cap1
DerivativeAverageExchangeRateCap1
|
6.9042 | pure |
CY2022Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
34728 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Salvage Value Percentage
PropertyPlantAndEquipmentSalvageValuePercentage
|
0.05 | pure |
CY2022 | raya |
Vat Description
VATDescription
|
The Company is subject to a VAT rate of 17% before May 1, 2018, 16% on and after May 1, 2018, and a new VAT rate of 13% effective on April 1, 2019. The VAT may be offset by VAT paid by the Company on raw materials and other materials included in the cost of producing or acquiring its finished products. | |
CY2022 | us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P1Y | |
CY2022Q4 | us-gaap |
Grants Receivable
GrantsReceivable
|
194001 | usd |
CY2021Q4 | us-gaap |
Grants Receivable
GrantsReceivable
|
169827 | usd |
CY2020Q4 | us-gaap |
Grants Receivable
GrantsReceivable
|
220245 | usd |
CY2022 | us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
181556 | usd |
CY2021 | us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
78281 | usd |
CY2020 | us-gaap |
Costs Incurred Exploration Costs
CostsIncurredExplorationCosts
|
24231 | usd |
CY2022 | us-gaap |
Advertising Expense
AdvertisingExpense
|
8513 | usd |
CY2021 | us-gaap |
Advertising Expense
AdvertisingExpense
|
5873 | usd |
CY2020 | us-gaap |
Advertising Expense
AdvertisingExpense
|
11724 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.50 | pure |
CY2022 | raya |
Prc Tax Authorities
PRCTaxAuthorities
|
P5Y | |
CY2022 | raya |
Certain Risks And Concentration
CertainRisksAndConcentration
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Certain Risks and Concentration</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"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company operates in PRC, which may give rise to significant foreign currency risks mainly from fluctuations and the degree of volatility of foreign exchange rates between the USD and the RMB.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Currency Convertibility Risks</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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; text-align: justify"><i>Concentration of Credit Risks</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentration of credit risks consist primarily of cash and cash equivalents, restricted cash, notes receivable. The Company places its cash and cash equivalents, restricted cash, and note receivable in good credit quality financial institutions in Hong Kong and PRC. 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; text-align: justify"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><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. The Company has bank interest bearing loans charged at variable interest rates. And although some bank interest bearing loans are charged at fixed interest rates within the reporting period, the Company is still 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; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Risks and Uncertainties</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The operations of the Company are located in the PRC. Accordingly, the Company’s business, financial condition, and results of operations may be influenced by political, economic, and legal environments in the PRC, as well as by the general state of the PRC economy. The Company’s results may be adversely affected by changes in the political, regulatory and social conditions in the PRC. Although the Company has not experienced losses from these situations and believes that it is in compliance with existing laws and regulations including its organization and structure disclosed in Note1, this may not be indicative of future results.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Liquidity Risks</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i> </i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our primary sources of liquidity consist of existing cash balances, cash flows from our operating activities and availability under our revolving credit facility. Our ability to generate sufficient cash flows from our operating activities is primarily dependent on our sales of converters and power generating products to our customers at margins sufficient to cover fixed and variable expenses.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2022, and 2021, we had cash and cash equivalents of $7,067,247 and $5,174,693, respectively. We believe that our current cash, cash to be generated from our operations and access to loans from our related parties will be sufficient to meet our working capital needs for at least the next twelve months. Although we do not have any amounts committed to be provided by our related parties, due to their relatively small amounts, we do not believe our working capital needs will be negatively impacted without such funds provided by related parties. We are also not dependent upon this offering to meet our liquidity needs for the next twelve months. However, we plan to expand our business to implement our growth strategies in our existing market and strengthen our position in the marketplace. To do so, we will need more capital through equity financing to increase our production and meet market demands.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b> </b></p> | |
CY2022Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
7067247 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
5174693 | usd |
CY2022 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Reclassification of Prior Year Presentation</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; text-align: justify">Prior periods have been reclassified to conform to the current period presentation. The reclassification had no impact on the Consolidated Balance Sheet and Consolidated Statement of Income and Comprehensive Income or Consolidated Statement of Cash Flows.</p> | |
CY2022Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
9963821 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
1756562 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
2478 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
2682 | usd |
CY2022Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
9961343 | usd |
CY2021Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1753880 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
2682 | usd |
CY2021 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2649 | usd |
CY2022 | raya |
Exchange Difference
ExchangeDifference
|
204 | usd |
CY2021 | raya |
Exchange Difference
ExchangeDifference
|
-33 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
|
2478 | usd |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Noncurrent
AllowanceForDoubtfulAccountsReceivableNoncurrent
|
2682 | usd |
CY2022 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
0 | usd |
CY2021 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
2682 | usd |
CY2020 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
0 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
4298235 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
2173972 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
642235 | usd |
CY2021Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
827996 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
1300383 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
948038 | usd |
CY2022Q4 | raya |
Exchange Difference On The Allowance
ExchangeDifferenceOnTheAllowance
|
13397 | usd |
CY2021Q4 | raya |
Exchange Difference On The Allowance
ExchangeDifferenceOnTheAllowance
|
47939 | usd |
CY2022Q4 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
6227456 | usd |
CY2021Q4 | us-gaap |
Inventory Adjustments
InventoryAdjustments
|
3902067 | usd |
CY2022Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
31668 | usd |
CY2021Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
47358 | usd |
CY2022 | us-gaap |
Payments To Suppliers
PaymentsToSuppliers
|
515137 | usd |
CY2021 | us-gaap |
Payments To Suppliers
PaymentsToSuppliers
|
2112852 | usd |
CY2022 | raya |
Advance Payment For Potential Land Purchase
AdvancePaymentForPotentialLandPurchase
|
4201354 | usd |
CY2022 | raya |
Total Advance To Suppliers
TotalAdvanceToSuppliers
|
4716491 | usd |
CY2021 | raya |
Total Advance To Suppliers
TotalAdvanceToSuppliers
|
2112852 | usd |
CY2022 | us-gaap |
Payments To Suppliers And Employees
PaymentsToSuppliersAndEmployees
|
4200000 | usd |
CY2021 | us-gaap |
Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
|
121455 | usd |
CY2020 | us-gaap |
Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
|
57041 | usd |
CY2022 | us-gaap |
Payments To Acquire Land
PaymentsToAcquireLand
|
4000000 | usd |
CY2022 | us-gaap |
Legal Fees
LegalFees
|
200000 | usd |
CY2022 | us-gaap |
Other Expenses
OtherExpenses
|
1354 | usd |
CY2022 | us-gaap |
Payments To Suppliers And Employees
PaymentsToSuppliersAndEmployees
|
4201354 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2646102 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
1861576 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Capital Leased Assets
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAssets
|
983947 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment Excluding Capital Leased Assets
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentExcludingCapitalLeasedAssets
|
781593 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1662155 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1079983 | usd |
CY2022 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
926117 | usd |
CY2021 | us-gaap |
Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
|
323287 | usd |
CY2022 | raya |
Disposal
Disposal
|
0 | usd |
CY2021 | raya |
Disposal
Disposal
|
0 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
268346 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
215121 | usd |
CY2020Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
148194 | usd |
CY2022 | us-gaap |
Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
|
184542 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
13136 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
14060 | usd |
CY2022Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-2851 | usd |
CY2021Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-1709 | usd |
CY2021 | us-gaap |
Servicing Liability At Amortized Value Additions
ServicingLiabilityAtAmortizedValueAdditions
|
157 | usd |
CY2022 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
1471 | usd |
CY2021 | us-gaap |
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
|
1415 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
8814 | usd |
CY2021Q4 | us-gaap |
Intangible Assets Current
IntangibleAssetsCurrent
|
11093 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1314 | usd |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
7500 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1314 | usd |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
6186 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
1314 | usd |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
4872 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
1314 | usd |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
3558 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
1314 | usd |
CY2021Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
2244 | usd |
CY2022 | raya |
Lease Term Period
LeaseTermPeriod
|
P20Y | |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
7665013 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
8849073 | usd |
CY2022Q4 | us-gaap |
Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
|
4777301 | usd |
CY2021Q4 | us-gaap |
Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
|
4078425 | usd |
CY2021 | us-gaap |
Short Term Debt Refinanced Amount
ShortTermDebtRefinancedAmount
|
108503 | usd |
CY2022 | us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
1449864 | usd |
CY2021 | us-gaap |
Proceeds From Loans
ProceedsFromLoans
|
1569218 | usd |
CY2022Q4 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
6227165 | usd |
CY2021Q4 | us-gaap |
Other Short Term Borrowings
OtherShortTermBorrowings
|
5756146 | usd |
CY2022Q4 | raya |
Bank Loan
BankLoan
|
32950000 | cny |
CY2022Q4 | raya |
Bank Loan
BankLoan
|
4777301 | usd |
CY2021Q4 | raya |
Bank Loan
BankLoan
|
25990168 | cny |
CY2021Q4 | raya |
Bank Loan
BankLoan
|
4078425 | usd |
CY2022 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
192198 | usd |
CY2021 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
139764 | usd |
CY2020 | us-gaap |
Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
|
91529 | usd |
CY2022 | us-gaap |
Shortterm Debt Maximum Amount Outstanding During Period
ShorttermDebtMaximumAmountOutstandingDuringPeriod
|
54614 | usd |
CY2022Q4 | raya |
Imputed Interest Expenses
ImputedInterestExpenses
|
10538 | usd |
CY2021Q4 | raya |
Imputed Interest Expenses
ImputedInterestExpenses
|
59657 | usd |
CY2022Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
31500300 | cny |
CY2022Q4 | us-gaap |
Long Term Debt Fair Value
LongTermDebtFairValue
|
4567114 | usd |
CY2022Q4 | raya |
Current Portion Of Longterm
CurrentPortionOfLongterm
|
-30000000 | cny |
CY2022Q4 | raya |
Current Portion Of Longterm
CurrentPortionOfLongterm
|
-4349591 | usd |
CY2022Q4 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
1500300 | cny |
CY2022Q4 | us-gaap |
Other Long Term Debt Current
OtherLongTermDebtCurrent
|
217523 | usd |
CY2021Q4 | us-gaap |
Longterm Construction Loan Current And Noncurrent
LongtermConstructionLoanCurrentAndNoncurrent
|
4707655 | usd |
CY2022 | us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
212451 | usd |
CY2021 | us-gaap |
Interest Expense Long Term Debt
InterestExpenseLongTermDebt
|
153611 | usd |
CY2022 | raya |
Disaggregated Sales
DisaggregatedSales
|
26909025 | usd |
CY2021 | raya |
Disaggregated Sales
DisaggregatedSales
|
18628886 | usd |
CY2020 | raya |
Disaggregated Sales
DisaggregatedSales
|
14121838 | usd |
CY2022 | us-gaap |
Disposal Group Including Discontinued Operation Rental Income
DisposalGroupIncludingDiscontinuedOperationRentalIncome
|
388058 | usd |
CY2021 | us-gaap |
Disposal Group Including Discontinued Operation Rental Income
DisposalGroupIncludingDiscontinuedOperationRentalIncome
|
416692 | usd |
CY2022 | raya |
Selling And Marketing Expenses
SellingAndMarketingExpenses
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 14 – SELLING AND MARKETING EXPENSES</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Selling and marketing expenses as of December 31, 2022, 2021 and 2020 consisted of the following:</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </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: justify">Employee compensation and benefits</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">141,600</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">99,797</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">106,623</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Travel and promotion</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">36,768</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">45,083</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,199</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Transportation</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">181,556</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">78,281</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">47,886</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Insurance</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,813</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,561</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Consulting fee</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,917</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">6,203</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: White"> <td style="text-align: justify">Inspection and certification fees</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">196,732</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">77,352</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">108,062</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Entertainment</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">140,292</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">166,295</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: White"> <td style="text-align: justify; padding-bottom: 1.5pt">Office and miscellaneous</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">16,255</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">30,481</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">12,978</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 4pt">Total</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">720,120</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">506,305</td><td style="padding-bottom: 4pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">325,309</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table> | |
CY2022 | raya |
Salaries
Salaries
|
427525 | usd |
CY2021 | raya |
Salaries
Salaries
|
347434 | usd |
CY2020 | raya |
Salaries
Salaries
|
224691 | usd |
CY2022 | raya |
Contract Services And Supplies
ContractServicesAndSupplies
|
409149 | usd |
CY2021 | raya |
Contract Services And Supplies
ContractServicesAndSupplies
|
541055 | usd |
CY2020 | raya |
Contract Services And Supplies
ContractServicesAndSupplies
|
303494 | usd |
CY2022 | raya |
Utility
Utility
|
2025 | usd |
CY2021 | raya |
Utility
Utility
|
1777 | usd |
CY2020 | raya |
Utility
Utility
|
775 | usd |
CY2022 | raya |
Design Cost
DesignCost
|
46651 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
22499 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
39365 | usd |
CY2020 | us-gaap |
Depreciation
Depreciation
|
46710 | usd |
CY2022 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
24419 | usd |
CY2021 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
57254 | usd |
CY2020 | us-gaap |
Other Research And Development Expense
OtherResearchAndDevelopmentExpense
|
29445 | usd |
CY2022 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
932268 | usd |
CY2021 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
986885 | usd |
CY2020 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
605115 | usd |
CY2022 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
499746 | usd |
CY2021 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
451689 | usd |
CY2020 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
261899 | usd |
CY2022 | us-gaap |
Interest Income Other
InterestIncomeOther
|
26658 | usd |
CY2021 | us-gaap |
Interest Income Other
InterestIncomeOther
|
34041 | usd |
CY2020 | us-gaap |
Interest Income Other
InterestIncomeOther
|
15936 | usd |
CY2022 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
473088 | usd |
CY2021 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
417648 | usd |
CY2020 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
245963 | usd |
CY2020 | us-gaap |
Disposal Group Including Discontinued Operation Rental Income
DisposalGroupIncludingDiscontinuedOperationRentalIncome
|
325839 | usd |
CY2022 | us-gaap |
Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
|
289342 | usd |
CY2021 | us-gaap |
Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
|
300499 | usd |
CY2020 | us-gaap |
Operating Leases Rent Expense Minimum Rentals
OperatingLeasesRentExpenseMinimumRentals
|
3419 | usd |
CY2022 | us-gaap |
Rental Income Nonoperating
RentalIncomeNonoperating
|
98716 | usd |
CY2021 | us-gaap |
Rental Income Nonoperating
RentalIncomeNonoperating
|
116193 | usd |
CY2020 | us-gaap |
Rental Income Nonoperating
RentalIncomeNonoperating
|
322420 | usd |
CY2022 | us-gaap |
Other Income
OtherIncome
|
219530 | usd |
CY2021 | us-gaap |
Other Income
OtherIncome
|
512412 | usd |
CY2020 | us-gaap |
Other Income
OtherIncome
|
213965 | usd |
CY2021 | 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. | |
CY2021 | raya |
Concentration Risk Percentages
ConcentrationRiskPercentages
|
0.10 | pure |
CY2021 | raya |
Total Revenue Percentage
TotalRevenuePercentage
|
0.16 | pure |
CY2021Q4 | us-gaap |
Accounts Receivable From Securitization
AccountsReceivableFromSecuritization
|
46633 | usd |
CY2020Q4 | us-gaap |
Accounts Receivable From Securitization
AccountsReceivableFromSecuritization
|
3198122 | usd |
CY2020 | raya |
Total Accounts Receivable Percentage
TotalAccountsReceivablePercentage
|
0.63 | pure |
CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-23132 | usd |
CY2020Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-4835 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
12692 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
11424 | usd |
CY2020 | us-gaap |
Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
|
62827 | usd |
CY2021 | us-gaap |
Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
|
106348 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
437771 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
2844019 | usd |
CY2021Q4 | us-gaap |
Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
|
5043783 | usd |
CY2022Q4 | us-gaap |
Other Partners Capital
OtherPartnersCapital
|
22696628 | usd |
CY2021Q4 | us-gaap |
Other Partners Capital
OtherPartnersCapital
|
14344678 | usd |
CY2022Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
391151 | usd |
CY2021Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
158198 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
|
0.10 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
|
0.50 | pure |
CY2022Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
916912 | usd |
CY2021Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
568418 | usd |
CY2022 | us-gaap |
Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
|
3887240 | usd |
CY2021 | us-gaap |
Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
|
3786691 | usd |
CY2020 | us-gaap |
Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
|
2636948 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.15 | pure |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.15 | pure |
CY2020 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.15 | pure |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
583086 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
568005 | usd |
CY2020 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
395542 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
|
-139840 | usd |
CY2021 | us-gaap |
Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
|
-148033 | usd |
CY2020 | us-gaap |
Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
|
-67793 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
|
-18166 | usd |
CY2021 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
301916 | usd |
CY2021 | raya |
Number Of Lease
NumberOfLease
|
1 | pure |
CY2020 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
385741 | usd |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
437771 | usd |
CY2021 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
332549 | usd |
CY2020 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
386389 | usd |
CY2021 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-30633 | usd |
CY2020 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
-648 | usd |
CY2022 | us-gaap |
Other Tax Expense Benefit
OtherTaxExpenseBenefit
|
437771 | usd |
CY2021 | us-gaap |
Other Tax Expense Benefit
OtherTaxExpenseBenefit
|
301916 | usd |
CY2020 | us-gaap |
Other Tax Expense Benefit
OtherTaxExpenseBenefit
|
385741 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
36247 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
5116 | usd |
CY2020Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
4153 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
23132 | usd |
CY2020Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
648 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
|
397 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
-7104 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
2757 | usd |
CY2021 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-498 | usd |
CY2020 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-315 | usd |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-33490 | usd |
CY2021 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-36247 | usd |
CY2020 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-5116 | usd |
CY2022 | raya |
Number Of Lease
NumberOfLease
|
1 | pure |
CY2023Q1 | raya |
Paid In Advance
PaidInAdvance
|
1000000 | usd |
CY2022 | raya |
Net Assets As Of The End
NetAssetsAsOfTheEnd
|
0.25 | pure |
CY2021Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
usd | |
CY2022Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
usd | |
CY2021Q4 | us-gaap |
Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
|
usd | |
CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
usd | |
CY2022Q4 | us-gaap |
Other Loans Payable Long Term
OtherLoansPayableLongTerm
|
usd | |
CY2021Q4 | us-gaap |
Other Loans Payable Long Term
OtherLoansPayableLongTerm
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1413918 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
9147945 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
10000 | shares |
CY2021 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
usd | |
CY2021 | raya |
Statutory Reserve
StatutoryReserve
|
usd | |
CY2020 | raya |
Statutory Reserve
StatutoryReserve
|
usd | |
CY2022 | raya |
Deferred Tax Assets
DeferredTaxAssets
|
usd | |
CY2022 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
usd | |
CY2020 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
usd | |
CY2021 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
usd | |
CY2020 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
usd | |
CY2021 | us-gaap |
Increase Decrease In Other Loans
IncreaseDecreaseInOtherLoans
|
usd | |
CY2022 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | |
CY2021 | raya |
Prepayment For Land And Warehouse Purchase
PrepaymentForLandAndWarehousePurchase
|
usd | |
CY2020 | raya |
Prepayment For Land And Warehouse Purchase
PrepaymentForLandAndWarehousePurchase
|
usd | |
CY2022 | us-gaap |
Proceeds From Repayments Of Notes Payable
ProceedsFromRepaymentsOfNotesPayable
|
usd | |
CY2020 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
usd | |
CY2021 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
usd | |
CY2020 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
usd | |
CY2021Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
usd | |
CY2021 | raya |
Deferred Ipo Cost Netted Against Ipo Proceeds In Equity
DeferredIPOCostNettedAgainstIPOProceedsInEquity
|
usd | |
CY2020 | raya |
Deferred Ipo Cost Netted Against Ipo Proceeds In Equity
DeferredIPOCostNettedAgainstIPOProceedsInEquity
|
usd | |
CY2021Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
usd | |
CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
usd | |
CY2022 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
usd | |
CY2022Q4 | us-gaap |
Bad Debt Reserve For Tax Purposes Of Qualified Lender
BadDebtReserveForTaxPurposesOfQualifiedLender
|
usd | |
CY2021Q4 | us-gaap |
Bad Debt Reserve For Tax Purposes Of Qualified Lender
BadDebtReserveForTaxPurposesOfQualifiedLender
|
usd | |
CY2021 | raya |
Advance Payment For Potential Land Purchase
AdvancePaymentForPotentialLandPurchase
|
usd | |
CY2022 | us-gaap |
Servicing Liability At Amortized Value Additions
ServicingLiabilityAtAmortizedValueAdditions
|
usd | |
CY2022 | us-gaap |
Short Term Debt Refinanced Amount
ShortTermDebtRefinancedAmount
|
usd | |
CY2021 | raya |
Design Cost
DesignCost
|
usd | |
CY2020 | raya |
Design Cost
DesignCost
|
usd | |
CY2022 | us-gaap |
Proceeds From Income Tax Refunds
ProceedsFromIncomeTaxRefunds
|
usd | |
CY2022 | us-gaap |
Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
|
usd | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
usd | |
CY2020Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
usd | |
CY2022 | raya |
Material Purchase Commitment
MaterialPurchaseCommitment
|
pure | |
CY2021 | raya |
Material Purchase Commitment
MaterialPurchaseCommitment
|
pure | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001825875 |