2022 Q4 Form 20-F Financial Statement

#000121390023034833 Filed on May 01, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $3.584M $6.474M $1.318M
YoY Change 172.01% 79.82% -74.65%
Cost Of Revenue $3.152M $5.667M $786.1K
YoY Change 300.98% 76.3% -77.26%
Gross Profit $431.9K $806.7K $531.5K
YoY Change -18.74% 109.13% -69.45%
Gross Profit Margin 12.05% 12.46% 40.34%
Selling, General & Admin $8.552M $12.37M $1.314M
YoY Change 550.69% 60.71% 44.32%
% of Gross Profit 1980.24% 1533.18% 247.3%
Research & Development $454.8K $960.6K $186.5K
YoY Change 143.86% 176.87% 20.64%
% of Gross Profit 105.3% 119.08% 35.09%
Depreciation & Amortization $87.64K $621.8K -$124.2K
YoY Change -170.55% -28.99% -51.8%
% of Gross Profit 20.29% 77.08% -23.38%
Operating Expenses $9.007M $16.06M $1.501M
YoY Change 500.13% 99.66% 40.88%
Operating Profit -$8.575M -$15.25M -$969.3K
YoY Change 784.62% 99.18% -243.68%
Interest Expense -$138.3K $321.7K $377.8K
YoY Change -136.61% -231.77% 2213.53%
% of Operating Profit
Other Income/Expense, Net -$433.6K -$145.9K -$380.6K
YoY Change 13.93% -92.46% -164.31%
Pretax Income -$9.657M -$15.40M -$11.61M
YoY Change -16.82% -24.8% -1031.35%
Income Tax -$46.33K -$17.56K $2.980K
% Of Pretax Income
Net Earnings -$8.953M -$15.38M -$12.73M
YoY Change -29.67% -27.13% 58.46%
Net Earnings / Revenue -249.81% -237.57% -966.15%
Basic Earnings Per Share -$38.00
Diluted Earnings Per Share -$2.07 -$3.77 -$461.8K
COMMON SHARES
Basic Shares Outstanding 43.40M shares 38.80M shares
Diluted Shares Outstanding 38.80M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.9K $113.9K $457.5K
YoY Change -75.1% -75.1% -59.18%
Cash & Equivalents $113.9K $113.9K $457.5K
Short-Term Investments
Other Short-Term Assets $4.241M $4.241M $4.514M
YoY Change -6.05% 2.83% -31.98%
Inventory $337.8K $337.8K $463.7K
Prepaid Expenses
Receivables $2.150M $2.234M $7.595M
Other Receivables $610.4K $610.4K $0.00
Total Short-Term Assets $7.537M $7.537M $13.03M
YoY Change -42.16% -42.16% -1.88%
LONG-TERM ASSETS
Property, Plant & Equipment $8.722M $9.147M $9.986M
YoY Change -12.65% -8.4% -71.83%
Goodwill $1.076M
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.504M $2.504M $2.758M
YoY Change -9.22% -9.22% -2.74%
Other Assets $0.00
YoY Change
Total Long-Term Assets $16.52M $16.52M $17.93M
YoY Change -7.86% -7.86% -59.88%
TOTAL ASSETS
Total Short-Term Assets $7.537M $7.537M $13.03M
Total Long-Term Assets $16.52M $16.52M $17.93M
Total Assets $24.06M $24.06M $30.96M
YoY Change -22.3% -22.3% -46.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.625M $2.625M $2.132M
YoY Change 23.14% 23.14% 110.7%
Accrued Expenses $2.994M $2.994M $3.259M
YoY Change -8.11% -8.11% -31.58%
Deferred Revenue $2.551M
YoY Change
Short-Term Debt $6.348M $6.348M $5.592M
YoY Change 13.52% 13.52% -16.05%
Long-Term Debt Due $1.160M $1.106M $0.00
YoY Change -100.0%
Total Short-Term Liabilities $17.67M $17.67M $16.76M
YoY Change 5.42% 5.42% -27.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.160M $1.160M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $158.7K $158.7K $120.6K
YoY Change 31.59% 31.59% -83.53%
Total Long-Term Liabilities $1.160M $1.319M $120.6K
YoY Change 862.18% 993.77% -98.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.67M $17.67M $16.76M
Total Long-Term Liabilities $1.160M $1.319M $120.6K
Total Liabilities $18.98M $19.82M $17.41M
YoY Change 9.05% 13.85% -43.29%
SHAREHOLDERS EQUITY
Retained Earnings -$47.81M -$33.35M
YoY Change 43.38%
Common Stock $43.40K $28.97K
YoY Change 49.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.239M $4.239M $13.55M
YoY Change
Total Liabilities & Shareholders Equity $24.06M $24.06M $30.96M
YoY Change -22.3% -22.3% -46.59%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$8.953M -$15.38M -$12.73M
YoY Change -29.67% -27.13% 58.46%
Depreciation, Depletion And Amortization $87.64K $621.8K -$124.2K
YoY Change -170.55% -28.99% -51.8%
Cash From Operating Activities -$691.4K -$9.962M -$1.788M
YoY Change -61.33% 260.38% -145.18%
INVESTING ACTIVITIES
Capital Expenditures $1.287M $149.5K $372.7K
YoY Change 245.2% -945.38% 1270.83%
Acquisitions
YoY Change
Other Investing Activities $1.067M $5.696M -$1.726M
YoY Change -161.84% -430.04% -3.47%
Cash From Investing Activities -$219.5K $4.243M -$1.353M
YoY Change -83.78% -343.33% -23.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 113.1K $4.756M 3.564M
YoY Change -96.83% 17.48% -340.32%
NET CHANGE
Cash From Operating Activities -691.4K -$9.962M -1.788M
Cash From Investing Activities -219.5K $4.243M -1.353M
Cash From Financing Activities 113.1K $4.756M 3.564M
Net Change In Cash -797.8K -$343.6K 423.3K
YoY Change -288.48% -25.25% -40.69%
FREE CASH FLOW
Cash From Operating Activities -$691.4K -$9.962M -$1.788M
Capital Expenditures $1.287M $149.5K $372.7K
Free Cash Flow -$1.978M -$10.11M -$2.161M
YoY Change -8.45% 268.15% -154.97%

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NetCashProvidedByUsedInFinancingActivities
4048147 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1177839 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
619717 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-203651 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
120615 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-343600 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-663345 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
135125 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
457495 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1120840 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
985715 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
113895 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
457495 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1120840 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
62702 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
113895 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
457495 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations
1058138 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
321686 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
990580 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
1505452 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
3268 usd
CY2022 reto Rightofassets Obtained In Exchange For Operating Lease Obligations
RightofassetsObtainedInExchangeForOperatingLeaseObligations
493731 usd
CY2021 reto Rightofassets Obtained In Exchange For Operating Lease Obligations
RightofassetsObtainedInExchangeForOperatingLeaseObligations
132336 usd
CY2020 reto Rightofassets Obtained In Exchange For Operating Lease Obligations
RightofassetsObtainedInExchangeForOperatingLeaseObligations
402778 usd
CY2022 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
50545 usd
CY2021 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
64230 usd
CY2020 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
410614 usd
CY2022 reto Purchase Of Noncontrolling Interest
PurchaseOfNoncontrollingInterest
0.30 pure
CY2022 reto Transfer From Accounts Payable To Fixed Assets
TransferFromAccountsPayableToFixedAssets
743000 usd
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4666938 usd
CY2022 us-gaap Stock Issued1
StockIssued1
1799314 usd
CY2021 us-gaap Stock Issued1
StockIssued1
3930000 usd
CY2022 reto Withdrawal Of Capital By Original Minority Shareholder In Reit Changjiang
WithdrawalOfCapitalByOriginalMinorityShareholderInREITChangjiang
2843432 usd
CY2021 reto Share To Be Issued For Acquisition Of Reit Mingde
ShareToBeIssuedForAcquisitionOfREITMingde
1573800 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 financial statements in conformity with U.S. GAAP requires the Company to make 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.</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">Significant estimates required to be made by management include, but are not limited to, the valuation of accounts receivable, inventories, advances to suppliers, useful lives of property, plant and equipment, intangible assets, the recoverability of long-lived assets, provision necessary for contingent liabilities, revenue recognition under the input method, and realization of deferred tax assets. 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 reto Allowances For Doubtful Accounts Receivables
AllowancesForDoubtfulAccountsReceivables
1771761 usd
CY2021Q4 reto Allowances For Doubtful Accounts Receivables
AllowancesForDoubtfulAccountsReceivables
904052 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
31527 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
12116 usd
CY2022Q4 reto Allowances For Doubtful Accounts Advances To Suppliers
AllowancesForDoubtfulAccountsAdvancesToSuppliers
449517 usd
CY2021Q4 reto Allowances For Doubtful Accounts Advances To Suppliers
AllowancesForDoubtfulAccountsAdvancesToSuppliers
965843 usd
CY2022 reto Impairment Loss
ImpairmentLoss
6856458 cny
CY2020Q1 reto Equity Percentage Of Ownership
EquityPercentageOfOwnership
1 pure
CY2020Q1 reto Cash Consideration
CashConsideration
39900000 cny
CY2020Q1 reto Cash Consideration
CashConsideration
5700000 usd
CY2019Q4 reto Acquisition Deposit Received Amount
AcquisitionDepositReceivedAmount
9700000 cny
CY2022 reto Impairment Loss
ImpairmentLoss
1018870 usd
CY2021 us-gaap Impairment Charge On Reclassified Assets
ImpairmentChargeOnReclassifiedAssets
4300000 usd
CY2020 us-gaap Impairment Charge On Reclassified Assets
ImpairmentChargeOnReclassifiedAssets
2300000 usd
CY2022 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
46209 usd
CY2021 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
142673 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
3922686 usd
CY2022Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1645000 usd
CY2022Q4 us-gaap Convertible Debt
ConvertibleDebt
3415500 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
194117 usd
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
467383 usd
CY2022Q4 us-gaap Other Loans Payable
OtherLoansPayable
1799314 usd
CY2022 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
3922686 usd
CY2022 reto Shipping Handling And Transportation Cost
ShippingHandlingAndTransportationCost
151500 usd
CY2021 reto Shipping Handling And Transportation Cost
ShippingHandlingAndTransportationCost
367873 usd
CY2020 reto Shipping Handling And Transportation Cost
ShippingHandlingAndTransportationCost
216301 usd
CY2020Q4 us-gaap Grants Receivable Noncurrent
GrantsReceivableNoncurrent
490560 usd
CY2022Q4 us-gaap Grants Receivable
GrantsReceivable
18563 usd
CY2021Q4 us-gaap Grants Receivable
GrantsReceivable
269061 usd
CY2022Q4 reto Bank Loans Outstanding
BankLoansOutstanding
1300000 usd
CY2022Q2 reto Value Added Tax Percentage
ValueAddedTaxPercentage
0.13 pure
CY2022Q4 reto Foreign Currency Translation Spot Rate
ForeignCurrencyTranslationSpotRate
1 usd
CY2021Q4 reto Foreign Currency Translation Spot Rate
ForeignCurrencyTranslationSpotRate
1 usd
CY2020Q4 reto Foreign Currency Translation Spot Rate
ForeignCurrencyTranslationSpotRate
1 usd
CY2022Q4 reto Foreign Currency Translation Average Rate
ForeignCurrencyTranslationAverageRate
1 usd
CY2021Q4 reto Foreign Currency Translation Average Rate
ForeignCurrencyTranslationAverageRate
1 usd
CY2020Q4 reto Foreign Currency Translation Average Rate
ForeignCurrencyTranslationAverageRate
1 usd
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Reclassifications</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In connection with the discontinued operations of a business, certain prior-year amounts have been reclassified for consistency with the current-year presentation. These reclassifications had no effect on the reported results of operations. The assets and liabilities related to the discontinued operations are classified as assets/liabilities held for sale as of December 31, 2022 and 2021, while results of operations related to the discontinued operations, including comparatives, were reported as losses from discontinued operations. Certain prior-year balance sheet accounts have been reclassified to conform to the current-year presentation.<b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>Concentrations and Credit Risk </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">A majority of the Company’s transactions are denominated in RMB and a significant portion of the Company and its subsidiaries’ assets and liabilities are denominated in RMB. RMB is not freely convertible into foreign currencies. In the PRC, certain foreign exchange transactions are required by law to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China (“PBOC”). Remittances in currencies other than RMB by the Company in China must be processed through the PBOC or other China foreign exchange regulatory bodies which require certain supporting documentation in order to affect the remittance.</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, $97,554 and $357,462 of the Company’s cash and cash equivalents was on deposit at financial institutions in the PRC. These deposits were insured per PRC’s new Deposit Insurance Regulation for up to RMB500,000 for one bank. In addition, as of December 31, 2022 and 2021, $11,631 and $52,727 of the Company’s cash and cash equivalents was on deposit at financial institutions in the Republic of India (“India”) which is insured under the Deposit Insurance and Credit Guarantee Corporation for up to 100,000 Indian Rupee (approximately $1,403).</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">For the year ended December 31, 2022, one customer accounted for 21% of the Company’s total revenue. For the year ended December 31, 2021, one customer accounted for 11% of the Company’s total revenue. For the year ended December31, 2020, no single customer accounted for more than 10% of the Company’s total revenue.</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, three customers accounted for 24% ,18% and 11% of the Company’s consolidated accounts receivable, respectively. As of December 31, 2021, one customer accounted for 15% of the Company’s consolidated accounts receivable.</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">For the years ended December 31, 2022, 2021 and 2020, the Company purchased approximately 19%, 53% and 43% of its raw materials from one major suppliers, respectively.</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, two suppliers accounted for 35% and 26% of the total accounts payable balance, respectively. As of December 31, 2021, one supplier accounted for 47% of the total accounts payable balance.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
CY2022 us-gaap Insurance Recoveries
InsuranceRecoveries
500000 cny
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
11631 usd
CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
52727 usd
CY2022 reto Fdic Insurance Limits
FDICInsuranceLimits
100000 shares
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
1403 usd
CY2020 reto Concentration Risk Percentage
ConcentrationRiskPercentage
0.10 pure
CY2022 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
2900000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.80 pure
CY2021 us-gaap Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
3600000 usd
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.065 pure
CY2022Q4 us-gaap Present Value Of Future Insurance Profits Gross
PresentValueOfFutureInsuranceProfitsGross
400000 usd
CY2022 reto Gross Profit From Continued Operation Percentage
GrossProfitFromContinuedOperationPercentage
1.09 pure
CY2021Q4 us-gaap Present Value Of Future Insurance Profits Gross
PresentValueOfFutureInsuranceProfitsGross
400000 usd
CY2021 us-gaap Deferred Policy Acquisition Cost Amortization Expense Effect Of Adjustments To Estimated Gross Profit Or Estimated Gross Margin
DeferredPolicyAcquisitionCostAmortizationExpenseEffectOfAdjustmentsToEstimatedGrossProfitOrEstimatedGrossMargin
800000 usd
CY2022 us-gaap Other Than Temporary Impairment Losses Investments Heldtomaturity Securities Portion Recognized In Earnings Net Qualitative Disclosures Percentage Of Nonperforming Assets
OtherThanTemporaryImpairmentLossesInvestmentsHeldtomaturitySecuritiesPortionRecognizedInEarningsNetQualitativeDisclosuresPercentageOfNonperformingAssets
0.13 pure
CY2021 us-gaap Other Than Temporary Impairment Losses Investments Heldtomaturity Securities Portion Recognized In Earnings Net Qualitative Disclosures Percentage Of Nonperforming Assets
OtherThanTemporaryImpairmentLossesInvestmentsHeldtomaturitySecuritiesPortionRecognizedInEarningsNetQualitativeDisclosuresPercentageOfNonperformingAssets
0.11 pure
CY2022 reto Net Loss
NetLoss
15400000 usd
CY2021 reto Net Loss
NetLoss
22100000 usd
CY2022 reto Working Capital Deficit
WorkingCapitalDeficit
10100000 usd
CY2022Q4 us-gaap Investments And Cash
InvestmentsAndCash
100000 usd
CY2022Q4 reto Accounts Receivable Outstanding
AccountsReceivableOutstanding
2200000 usd
CY2022Q4 reto Accounts Receivable From Third Parties
AccountsReceivableFromThirdParties
2100000 usd
CY2022Q4 reto Accounts Receivable From Related Party
AccountsReceivableFromRelatedParty
100000 usd
CY2022Q4 reto Accounts Receivable Collected Back
AccountsReceivableCollectedBack
300000 usd
CY2022Q2 reto Percentage Of Accounts Receivable Collected Back
PercentageOfAccountsReceivableCollectedBack
0.077 pure
CY2019Q4 reto Acquisition Deposit Received Amount
AcquisitionDepositReceivedAmount
1500000 usd
CY2020Q4 reto Acquisition Deposit Additinal Amount Received
AcquisitionDepositAdditinalAmountReceived
26600000 cny
CY2020Q4 reto Acquisition Deposit Additinal Amount Received
AcquisitionDepositAdditinalAmountReceived
4100000 usd
CY2021Q4 reto Remaining Amount Received
RemainingAmountReceived
3600000 cny
CY2021Q4 reto Remaining Amount Received
RemainingAmountReceived
600000 usd
CY2021Q4 reto Percentage Of Ownership Interest
PercentageOfOwnershipInterest
1 pure
CY2021Q4 reto Cash Consideration
CashConsideration
60000000 cny
CY2021Q4 reto Cash Consideration
CashConsideration
9400000 usd
CY2021 reto Cash Received
CashReceived
15000000 cny
CY2021 reto Cash Received
CashReceived
2100000 usd
CY2021 reto Loss Of Disposition
LossOfDisposition
6335508 usd
CY2022 reto Remaining Balance Amount
RemainingBalanceAmount
1067945 usd
CY2022 reto Allowance For Uncollectible Balance
AllowanceForUncollectibleBalance
1067945 usd
CY2021Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
1 pure
CY2021Q4 us-gaap Asset Acquisition Consideration Transferred Equity Interest Issued And Issuable
AssetAcquisitionConsiderationTransferredEquityInterestIssuedAndIssuable
1569000 usd
CY2021Q4 us-gaap Asset Acquisition Consideration Transferred Equity Interest Issued And Issuable
AssetAcquisitionConsiderationTransferredEquityInterestIssuedAndIssuable
10000000 cny
CY2022Q1 us-gaap Asset Acquisition Consideration Transferred Other Assets
AssetAcquisitionConsiderationTransferredOtherAssets
10000000 cny
CY2022Q1 us-gaap Excess Stock Shares Issued
ExcessStockSharesIssued
2580000 shares
CY2022Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.61
CY2022Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6.39 cny
CY2022Q4 us-gaap Cash Available For Distributions
CashAvailableForDistributions
10000000 cny
CY2022 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
21601 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
271258 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets
292859 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
7731 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
2581119 usd
CY2022Q4 us-gaap Goodwill
Goodwill
1075778 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
3957487 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
1233447 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities
370856 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
1604303 usd
CY2022Q4 us-gaap Business Combination Acquisition Of Less Than100 Percent Noncontrolling Interest Fair Value
BusinessCombinationAcquisitionOfLessThan100PercentNoncontrollingInterestFairValue
784184 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Less Noncontrolling Interest
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterest
1569000 usd
CY2022Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
3922211 usd
CY2021Q4 us-gaap Accounts Receivable Gross
AccountsReceivableGross
1345755 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1771761 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
904052 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2150450 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
441703 usd
CY2022Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
83736 usd
CY2021Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
93589 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2234186 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
535292 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
904052 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
6888710 usd
CY2022 reto Bad Debt Provision
BadDebtProvision
981811 usd
CY2021 reto Bad Debt Provision
BadDebtProvision
1949778 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
22290 usd
CY2021 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
7722231 usd
CY2021 us-gaap Notes Reduction
NotesReduction
299544 usd
CY2022 reto Foreign Exchange Translation
ForeignExchangeTranslation
-91812 usd
CY2021 reto Foreign Exchange Translation
ForeignExchangeTranslation
87339 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
1771761 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
904052 usd
CY2022Q4 reto Bad Debt Reserve
BadDebtReserve
-1771761 usd
CY2021Q4 reto Bad Debt Reserve
BadDebtReserve
-904052 usd
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
2234186 usd
CY2021Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
535292 usd
CY2022Q4 reto Proceeds From Raw Material Prepayments For Equipment Production
ProceedsFromRawMaterialPrepaymentsForEquipmentProduction
466619 usd
CY2021Q4 reto Proceeds From Raw Material Prepayments For Equipment Production
ProceedsFromRawMaterialPrepaymentsForEquipmentProduction
751409 usd
CY2022Q4 reto Proceeds From Land Reclamation Prepayments
ProceedsFromLandReclamationPrepayments
436792 usd
CY2021Q4 reto Proceeds From Land Reclamation Prepayments
ProceedsFromLandReclamationPrepayments
472640 usd
CY2021Q4 reto Proceeds Prepayment To Construction Subcontractors
ProceedsPrepaymentToConstructionSubcontractors
23394 usd
CY2022Q4 reto Advances To Suppliers Gross
AdvancesToSuppliersGross
903411 usd
CY2021Q4 reto Advances To Suppliers Gross
AdvancesToSuppliersGross
1247443 usd
CY2022Q4 reto Allowances For Doubtful Accounts Advances To Suppliers
AllowancesForDoubtfulAccountsAdvancesToSuppliers
449517 usd
CY2021Q4 reto Allowances For Doubtful Accounts Advances To Suppliers
AllowancesForDoubtfulAccountsAdvancesToSuppliers
965843 usd
CY2022Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
453894 usd
CY2021Q4 us-gaap Advances On Inventory Purchases
AdvancesOnInventoryPurchases
281600 usd
CY2022 reto Construction Material Description
ConstructionMaterialDescription
It usually takes 3 to 6 months for the suppliers to deliver raw material for our equipment production and takes up to 6 to 12 months for the suppliers to deliver the construction materials.
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
965843 usd
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1112374 usd
CY2022 reto Bad Debt For Provision
BadDebtForProvision
-454072 usd
CY2021 reto Bad Debt For Provision
BadDebtForProvision
259861 usd
CY2021 us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-62254 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
22161 usd
CY2022Q4 reto Notes Receivables Gross
NotesReceivablesGross
449517 usd
CY2021Q4 reto Notes Receivables Gross
NotesReceivablesGross
965843 usd
CY2020 reto Recorded An Impairment
RecordedAnImpairment
2300000 usd
CY2021 reto Properties Aggregate Carrying Value
PropertiesAggregateCarryingValue
200000 usd
CY2022Q4 us-gaap Inventory Raw Materials
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148145 usd
CY2021Q4 us-gaap Inventory Raw Materials
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135049 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
221180 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
340798 usd
CY2022Q4 us-gaap Inventory Gross
InventoryGross
369325 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
475847 usd
CY2022Q4 us-gaap Inventory Adjustments
InventoryAdjustments
31527 usd
CY2021Q4 us-gaap Inventory Adjustments
InventoryAdjustments
12116 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
337798 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
463731 usd
CY2022Q4 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
20835 usd
CY2021Q4 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
119995 usd
CY2020Q4 us-gaap Inventory Net Of Allowances Customer Advances And Progress Billings
InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings
123280 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
334246 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
351844 usd
CY2022Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
67905 usd
CY2021Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
38020 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
402151 usd
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
389864 usd
CY2021 reto Properties Aggregate Carrying Value
PropertiesAggregateCarryingValue
1100000 cny
CY2022 us-gaap Depreciation
Depreciation
414841 usd
CY2021 us-gaap Depreciation
Depreciation
835054 usd
CY2020 us-gaap Depreciation
Depreciation
802996 usd
CY2022 us-gaap Proceeds From Rents Received
ProceedsFromRentsReceived
421585 usd
CY2021 us-gaap Proceeds From Rents Received
ProceedsFromRentsReceived
283168 usd
CY2020 us-gaap Proceeds From Rents Received
ProceedsFromRentsReceived
122699 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
306824 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
35154 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
271185 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
114761 usd
CY2022 us-gaap Payments For Operating Activities
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294115 usd
CY2022Q4 reto Rightofuse Assets
RightofuseAssets
424999 usd
CY2022Q4 reto Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
277036 usd
CY2022Q4 reto Operating Lease Liabilities Noncurrent
OperatingLeaseLiabilitiesNoncurrent
158650 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
435686 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y8M23D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0742 pure
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
3922686 usd
CY2022Q4 us-gaap Debt Instrument Face Amount
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100000 usd
CY2022Q4 us-gaap Conversion Of Stock Shares Converted1
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290773 shares
CY2022Q4 us-gaap Debt Instrument Face Amount
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350000 usd
CY2022 reto Unrealized Loss Expense
unrealizedLossExpense
467383 usd
CY2021 reto Unrealized Loss Expense
unrealizedLossExpense
1908830 usd
CY2022 us-gaap Interest Expense Debt
InterestExpenseDebt
194117 usd
CY2021 us-gaap Interest Expense Debt
InterestExpenseDebt
132516 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
295403 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
164903 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
460306 usd
CY2022 reto Receivable With Imputed Interest Net Amounts
ReceivableWithImputedInterestNetAmounts
24620 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
435686 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
19135990 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
17964310 usd
CY2021Q4 reto Construction In Progress Cip
ConstructionInProgressCIP
2584252 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3413535 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3255669 usd
CY2022Q4 reto Impairment Of Fixed Assets
ImpairmentOfFixedAssets
7000020 usd
CY2021Q4 reto Impairment Of Fixed Assets
ImpairmentOfFixedAssets
7585291 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
8722435 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
9707602 usd
CY2021 reto Recorded An Impairment
RecordedAnImpairment
4300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
5299016 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4357104 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-429362 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-246075 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4869654 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4111029 usd
CY2022Q4 us-gaap Area Of Land
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74278 sqm
CY2021Q4 us-gaap Area Of Land
AreaOfLand
74278 sqm
CY2022Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
1400000 usd
CY2021Q4 us-gaap Federal Home Loan Bank Advances Long Term
FederalHomeLoanBankAdvancesLongTerm
1500000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
206964 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
34671 usd
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
29695 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
160446 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
160446 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
160446 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
160446 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
160446 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
4067424 usd
CY2022Q4 reto Estimated Future Amortization Expense
EstimatedFutureAmortizationExpense
4869654 usd
CY2022 us-gaap Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
1068078 shares
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
90000 usd
CY2022Q1 us-gaap Legal Fees
LegalFees
15000 usd
CY2022 us-gaap Other Expenses
OtherExpenses
310500 usd
CY2022Q4 reto Short Term Loan Borrowing
ShortTermLoanBorrowing
1319490 usd
CY2021Q4 reto Short Term Loan Borrowing
ShortTermLoanBorrowing
2353500 usd
CY2021Q4 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
0.0705 pure
CY2022Q3 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
0.0455 pure
CY2021Q4 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
ShortTermDebtPercentageBearingFixedInterestRate
0.05655 pure
CY2022 reto Repaid Amount1
RepaidAmount1
3400000 cny
CY2022 reto Repaid Amount1
RepaidAmount1
500000 usd
CY2022 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
132921 usd
CY2021 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
372881 usd
CY2020 us-gaap Interest Expense Short Term Borrowings
InterestExpenseShortTermBorrowings
473845 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1160000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1160000 usd
CY2020 us-gaap Interest Expense Long Term Debt
InterestExpenseLongTermDebt
90074 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
569974 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
2 pure
CY2022Q4 us-gaap Related Party Transaction Due From To Related Party Noncurrent
RelatedPartyTransactionDueFromToRelatedPartyNoncurrent
1106233 usd
CY2021Q4 us-gaap Related Party Transaction Due From To Related Party Noncurrent
RelatedPartyTransactionDueFromToRelatedPartyNoncurrent
1593977 usd
CY2021Q1 us-gaap Compensating Balance Amount
CompensatingBalanceAmount
145000 usd
CY2021Q1 us-gaap Securities Borrowed
SecuritiesBorrowed
362500 usd
CY2021Q1 us-gaap Securities Borrowed
SecuritiesBorrowed
2500000 cny
CY2022Q1 us-gaap Related Party Transaction Due From To Related Party Current
RelatedPartyTransactionDueFromToRelatedPartyCurrent
101500 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
68150 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-3849305 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-5118519 usd
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1179508 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
181088 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
889716 usd
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-164071 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
1749333 usd
CY2021 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
1564644 usd
CY2020 us-gaap Income Tax Reconciliation Tax Credits Foreign
IncomeTaxReconciliationTaxCreditsForeign
401488 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
240150 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
260213 usd
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
251178 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
171393 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
588191 usd
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
826034 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1970079 usd
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
2339650 usd
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
937209 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17562 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3469 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
9398680 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
13889029 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
3280706 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
5998540 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
6585045 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1437326 usd
CY2022 reto Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interests
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterests
15397220 usd
CY2021 reto Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interests
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterests
20474074 usd
CY2020 reto Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interests
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterests
4718032 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
3469 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
569974 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-17562 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-17562 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3469 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
569974 usd
CY2022Q4 reto Provision Of Doubtful Accounts
ProvisionOfDoubtfulAccounts
531902 usd
CY2021Q4 reto Provision Of Doubtful Accounts
ProvisionOfDoubtfulAccounts
323107 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5443492 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
4482385 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5975394 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
4805492 usd
CY2022 reto Value Added Tax Description
ValueAddedTaxDescription
The applicable VAT rate is 13% for products sold in the PRC.
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
359391 usd
CY2021Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
422678 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
1702591 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2156850 usd
CY2022Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
15106 usd
CY2021Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
20242 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
2077088 usd
CY2021Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
2599770 usd
CY2022Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
2100000 usd
CY2021Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
2600000 usd
CY2022Q4 reto Operating Lease Commitment
OperatingLeaseCommitment
460306 usd
CY2022Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
1319490 usd
CY2022Q4 us-gaap Contractual Obligation
ContractualObligation
1779796 usd
CY2022 reto Schedule Of The Balances Resulting From Normal Course Of Business With Related Parties
ScheduleOfTheBalancesResultingFromNormalCourseOfBusinessWithRelatedParties
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="white-space: nowrap"> </td><td style="white-space: nowrap; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; white-space: nowrap; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>December 31, </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>2022</b></p></td><td style="white-space: nowrap; padding-bottom: 1.5pt"> </td><td style="white-space: nowrap; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; white-space: nowrap; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>December 31,</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>2021</b></p></td><td style="white-space: nowrap; padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td>Accounts receivable from– related parties</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; width: 76%; text-align: left">Q Green Techcon Private Limited</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right"><div style="-sec-ix-hidden: hidden-fact-194">-</div></td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">2,981</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 0.125in; text-align: left">Hunyuan Baiyang Food Co., Ltd.</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">37,048</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">40,088</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: left">Bei Qi Yin Jian Yi Le (Haikou) Smart Move Science Technology Co., Ltd.</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">46,688</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">50,520</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 0in; text-align: justify">Total accounts receivable from related party</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">83,736</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">93,589</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
CY2022 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
83736 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
93589 usd
CY2022Q4 reto Advance To Supplier Related Party
AdvanceToSupplierRelatedParty
3787036 usd
CY2021Q4 reto Advance To Supplier Related Party
AdvanceToSupplierRelatedParty
3842620 usd
CY2021Q4 reto Account Payables Related Parties Current
AccountPayablesRelatedPartiesCurrent
10199 usd
CY2022 us-gaap Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
304875 usd
CY2021 us-gaap Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
281784 usd
CY2020 us-gaap Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
228814 usd
CY2022 reto Cost Of Revenue Related Party
CostOfRevenueRelatedParty
471849 usd
CY2021 reto Cost Of Revenue Related Party
CostOfRevenueRelatedParty
175053 usd
CY2020 reto Cost Of Revenue Related Party
CostOfRevenueRelatedParty
148034 usd
CY2022 reto Purchase From Related Party
PurchaseFromRelatedParty
1407921 usd
CY2021 reto Purchase From Related Party
PurchaseFromRelatedParty
464784 usd
CY2020 reto Purchase From Related Party
PurchaseFromRelatedParty
2876993 usd
CY2022 reto Description Of Appropriations To Statutory Surplus Reserve
DescriptionOfAppropriationsToStatutorySurplusReserve
Appropriations to the statutory surplus reserve are required to be at least 10% of the after-tax net income determined in accordance with PRC GAAP until the reserve is equal to 50% of the entity’s registered capital.
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
43398885 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
28965034 shares
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550000 cny
CY2021Q4 us-gaap Due From Related Parties Current
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CY2021Q4 reto Due To A Minority Shareholder
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CY2022Q4 reto Account Payable Related Party
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CY2022Q4 us-gaap Due To Related Parties Current
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CY2021Q4 us-gaap Due To Related Parties Noncurrent
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CY2022Q4 us-gaap Commitments And Contingencies
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CY2021Q4 us-gaap Commitments And Contingencies
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CY2022 us-gaap Asset Impairment Charges
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CY2021 us-gaap Goodwill Impairment Loss
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CY2020 us-gaap Goodwill Impairment Loss
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CY2022 reto Loss From Disposal Of Reit Changjiang
LossFromDisposalOfREITChangjiang
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CY2020 reto Loss From Disposal Of Reit Changjiang
LossFromDisposalOfREITChangjiang
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CY2021 reto Gain From Dissolution Of Subsidiaries
GainFromDissolutionOfSubsidiaries
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CY2020 reto Gain From Dissolution Of Subsidiaries
GainFromDissolutionOfSubsidiaries
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CY2022 reto Gain From Disposal Of Guan Reit
GainFromDisposalOfGuanREIT
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CY2021 reto Gain From Disposal Of Guan Reit
GainFromDisposalOfGuanREIT
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CY2020 reto Share Of Losses In Equity Method Investments
ShareOfLossesInEquityMethodInvestments
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CY2020 reto Change In Fair Value Convertible Debt
ChangeInFairValueConvertibleDebt
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CY2022 reto Net Loss From Discontinued Operation Net Of Taxes
NetLossFromDiscontinuedOperationNetOfTaxes
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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CY2022 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Basic Share
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020 reto Stock Issued During Period Value Change In Statutory Reserve
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CY2020 reto Appropriation To Statutory Reserve
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CY2021 reto Appropriation To Statutory Reserve
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CY2021 reto Stock Issued During Period Value Change In Capital Related To Disposal
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CY2021 reto Stock Issued During Period Value Change In Statutory Reserve
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CY2022 us-gaap Stock Issued During Period Value Acquisitions
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CY2022 reto Appropriation To Statutory Reserve
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CY2020 us-gaap Gains Losses On Extinguishment Of Debt
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CY2022 reto Payments To Acquire Equity Method Investment
PaymentsToAcquireEquityMethodInvestment
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CY2020 reto Deposit Made For Acquisition
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CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2021 reto Transfer From Accounts Payable To Fixed Assets
TransferFromAccountsPayableToFixedAssets
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CY2020 reto Transfer From Accounts Payable To Fixed Assets
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2020 us-gaap Stock Issued1
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CY2021 reto Withdrawal Of Capital By Original Minority Shareholder In Reit Changjiang
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CY2020 reto Withdrawal Of Capital By Original Minority Shareholder In Reit Changjiang
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CY2020 reto Share To Be Issued For Acquisition Of Reit Mingde
ShareToBeIssuedForAcquisitionOfREITMingde
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CY2022 us-gaap Impairment Charge On Reclassified Assets
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CY2022Q4 reto Proceeds Prepayment To Construction Subcontractors
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CY2022 us-gaap Financing Receivable Accrued Interest Writeoff
FinancingReceivableAccruedInterestWriteoff
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CY2022Q4 reto Construction In Progress Cip
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CY2022 reto Recorded An Impairment
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CY2021Q4 us-gaap Debt Instrument Carrying Amount
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q4 us-gaap Deferred Tax Assets Net
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CY2022Q4 reto Account Payables Related Parties Current
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CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
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CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
shares
CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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CY2022 dei Amendment Flag
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false
CY2022 dei Document Fiscal Period Focus
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CY2022 dei Document Shell Company Report
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CY2022 dei Entity Central Index Key
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