2018 Q1 Form 10-Q Financial Statement

#000114420418007370 Filed on February 12, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q4 2017 Q2
Revenue $13.34M $14.13M $8.060M
YoY Change 67.98% 25.92% -0.86%
Cost Of Revenue $8.080M $9.314M $5.790M
YoY Change 51.89% 28.13% -2.69%
Gross Profit $5.260M $4.818M $2.270M
YoY Change 102.11% 21.86% 4.13%
Gross Profit Margin 39.43% 34.09% 28.16%
Selling, General & Admin $1.340M $1.579M $80.00K
YoY Change 43.19% 10.66% -90.48%
% of Gross Profit 25.48% 32.77% 3.52%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $190.0K $150.0K $130.0K
YoY Change 26.67% 7.14% -51.85%
% of Gross Profit 3.61% 3.11% 5.73%
Operating Expenses $1.340M $1.579M $80.00K
YoY Change 43.19% 10.66% -90.48%
Operating Profit $3.920M $3.239M $2.190M
YoY Change 135.19% 28.19% 63.43%
Interest Expense $340.0K $190.0K -$620.0K
YoY Change -35.85% -68.33% -287.88%
% of Operating Profit 8.67% 5.87% -28.31%
Other Income/Expense, Net $490.0K $655.5K $1.230M
YoY Change -20.94% -2.8% 1950.0%
Pretax Income $4.750M $3.895M $2.800M
YoY Change 107.42% 21.66% 61.85%
Income Tax $240.0K $312.2K $420.0K
% Of Pretax Income 5.05% 8.02% 15.0%
Net Earnings $4.550M $3.598M $2.350M
YoY Change 136.68% 26.34% 67.86%
Net Earnings / Revenue 34.11% 25.46% 29.16%
Basic Earnings Per Share
Diluted Earnings Per Share $1.93 $1.54 $1.01
COMMON SHARES
Basic Shares Outstanding 25.21M shares 21.03M shares 21.03M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q1 2017 Q4 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.43M $29.58M $23.31M
YoY Change 19.25% 23.77% 5.43%
Cash & Equivalents $29.35M $23.15M
Short-Term Investments $230.0K $160.0K
Other Short-Term Assets $4.830M $3.370M $2.770M
YoY Change 205.7% 274.44% 2977.78%
Inventory $2.770M $2.500M $2.346M
Prepaid Expenses $139.0K $375.5K
Receivables $24.86M $15.07M $14.48M
Other Receivables $410.0K $981.8K $535.7K
Total Short-Term Assets $61.31M $52.03M $44.73M
YoY Change 43.28% 26.82% 25.88%
LONG-TERM ASSETS
Property, Plant & Equipment $12.46M $11.67M $10.32M
YoY Change 21.32% 13.2% -6.48%
Goodwill $2.153M $0.00
YoY Change
Intangibles $1.134M $0.00
YoY Change
Long-Term Investments $6.700M $6.281M $5.695M
YoY Change 24.61% 21.95% 19.47%
Other Assets $3.960M $4.230M $6.200M
YoY Change -32.08% -28.91% 29.44%
Total Long-Term Assets $27.95M $26.85M $23.56M
YoY Change 22.53% 18.08% 9.48%
TOTAL ASSETS
Total Short-Term Assets $61.31M $52.03M $44.73M
Total Long-Term Assets $27.95M $26.85M $23.56M
Total Assets $89.26M $78.88M $68.28M
YoY Change 36.06% 23.7% 19.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.240M $1.741M $158.1K
YoY Change 647.26% 596.32% -39.16%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.480M $1.204M $2.664M
YoY Change -15.0% -58.49% -3.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $10.50M $7.760M $5.030M
YoY Change 92.66% 27.21% -23.09%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $10.50M $7.760M $5.030M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $11.63M $7.760M $5.031M
YoY Change 113.52% 9.29% -23.05%
SHAREHOLDERS EQUITY
Retained Earnings $43.68M $39.06M
YoY Change 26.68%
Common Stock $21.03K $21.03K
YoY Change 8.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $77.64M $70.01M $62.17M
YoY Change
Total Liabilities & Shareholders Equity $89.26M $78.88M $68.28M
YoY Change 36.06% 23.7% 19.7%

Cashflow Statement

Concept 2018 Q1 2017 Q4 2017 Q2
OPERATING ACTIVITIES
Net Income $4.550M $3.598M $2.350M
YoY Change 136.68% 26.34% 67.86%
Depreciation, Depletion And Amortization $190.0K $150.0K $130.0K
YoY Change 26.67% 7.14% -51.85%
Cash From Operating Activities -$2.440M $4.090M -$1.360M
YoY Change 98.37% -817.54% -142.5%
INVESTING ACTIVITIES
Capital Expenditures -$590.0K $600.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$710.0K $960.0K
YoY Change -191.74% -74.46% -21.31%
Cash From Investing Activities -$410.0K -$1.310M $960.0K
YoY Change -137.61% -52.88% -21.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.020M -1.050M -220.0K
YoY Change -636.84% 94.44% -184.62%
NET CHANGE
Cash From Operating Activities -2.440M 4.090M -1.360M
Cash From Investing Activities -410.0K -1.310M 960.0K
Cash From Financing Activities 1.020M -1.050M -220.0K
Net Change In Cash -1.830M 1.730M -620.0K
YoY Change 454.55% -144.47% -113.25%
FREE CASH FLOW
Cash From Operating Activities -$2.440M $4.090M -$1.360M
Capital Expenditures -$590.0K $600.0K
Free Cash Flow -$1.850M $3.490M
YoY Change

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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-146663 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
564937 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31952 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-488142 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2784496 USD
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
1204533 USD
us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
2697939 USD
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
2743199 USD
us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
2414589 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
73556 USD
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
109882 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1465110 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5787781 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
370082 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-1122302 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6197062 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1734320 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23154551 USD
CY2016Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22009374 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
29351613 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23743694 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
492206 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
219682 USD
us-gaap Interest Paid Net
InterestPaidNet
69498 USD
us-gaap Interest Paid Net
InterestPaidNet
71586 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-189270 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
152508 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
1640458 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-785057 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
4550705 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-18931 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
298297 USD
tyht Proceeds From Repayments Of Loans To Third Parties
ProceedsFromRepaymentsOfLoansToThirdParties
830889 USD
tyht Proceeds From Repayments Of Loans To Third Parties
ProceedsFromRepaymentsOfLoansToThirdParties
0 USD
tyht Proceeds From Repayments Of Loans To Related Parties
ProceedsFromRepaymentsOfLoansToRelatedParties
0 USD
tyht Proceeds From Repayments Of Loans To Related Parties
ProceedsFromRepaymentsOfLoansToRelatedParties
501119 USD
tyht Payments For Advances To Third Parties
PaymentsForAdvancesToThirdParties
0 USD
tyht Payments For Advances To Third Parties
PaymentsForAdvancesToThirdParties
979465 USD
tyht Proceeds From Payments Of Stock Isuuance Costs Payable
ProceedsFromPaymentsOfStockIsuuanceCostsPayable
0 USD
tyht Proceeds From Payments Of Stock Isuuance Costs Payable
ProceedsFromPaymentsOfStockIsuuanceCostsPayable
843844 USD
CY2017Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
66204620 USD
CY2017Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
60250443 USD
CY2017Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
3440695 USD
CY2017Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
4662387 USD
CY2017Q4 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet
62763925 USD
CY2017Q2 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets And Liabilities Net
VariableInterestEntityConsolidatedCarryingAmountAssetsAndLiabilitiesNet
55588056 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
54748 USD
CY2017Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
48450 USD
CY2017Q4 tyht Advances To Suppliers
AdvancesToSuppliers
31401 USD
CY2017Q2 tyht Advances To Suppliers
AdvancesToSuppliers
17618 USD
CY2017Q4 tyht Value Added Tax Rate
ValueAddedTaxRate
0.17 pure
us-gaap Depreciation And Amortization
DepreciationAndAmortization
281924 USD
CY2017Q4 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
3231563 USD
CY2017Q2 us-gaap Leasehold Improvements Gross
LeaseholdImprovementsGross
3102803 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
34186 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
34186 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
34186 USD
CY2017Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1346437 USD
CY2017Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1026666 USD
CY2017Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
840683 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4940550 USD
CY2017Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4470470 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
276438 USD
CY2017Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.1537 pure
CY2017Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.1475 pure
CY2017Q4 tyht Foreign Currency Transactions Weighted Average Exchange Rate
ForeignCurrencyTransactionsWeightedAverageExchangeRate
0.1512 pure
CY2016Q4 tyht Foreign Currency Transactions Weighted Average Exchange Rate
ForeignCurrencyTransactionsWeightedAverageExchangeRate
0.1463 pure
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1917212 USD
CY2017Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
848609 USD
CY2017Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
1167553 USD
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
763041 USD
CY2017Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
672966 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1709290 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
1641181 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
323869 USD
CY2017Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
294550 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
19394 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
15045 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
34186 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
34186 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1214491 USD
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
6280999 USD
CY2017Q2 us-gaap Equity Method Investments
EquityMethodInvestments
5695080 USD
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
37175436 USD
CY2017Q2 us-gaap Equity Method Investment Summarized Financial Information Current Assets
EquityMethodInvestmentSummarizedFinancialInformationCurrentAssets
32880168 USD
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
274606 USD
CY2017Q2 us-gaap Equity Method Investment Summarized Financial Information Noncurrent Assets
EquityMethodInvestmentSummarizedFinancialInformationNoncurrentAssets
281162 USD
CY2017Q4 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
29603101 USD
CY2017Q2 us-gaap Equity Method Investment Summarized Financial Information Current Liabilities
EquityMethodInvestmentSummarizedFinancialInformationCurrentLiabilities
26328322 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
18018250 USD
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
14651055 USD
us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
2353334 USD
us-gaap Equity Method Investment Summarized Financial Information Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationGrossProfitLoss
1947737 USD
us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
816023 USD
us-gaap Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Items
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItems
815437 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
715617 USD
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
819935 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
36700000 CNY
tyht Operating Leases Further Amortization Expense In Two Years
OperatingLeasesFurtherAmortizationExpenseInTwoYears
485309 USD
tyht Operating Leases Further Amortization Expense In Three Years
OperatingLeasesFurtherAmortizationExpenseInThreeYears
331125 USD
tyht Operating Leases Further Amortization Expense In Four Years
OperatingLeasesFurtherAmortizationExpenseInFourYears
220993 USD
tyht Operating Leases Further Amortization Expense In Five Years
OperatingLeasesFurtherAmortizationExpenseInFiveYears
220993 USD
tyht Operating Leases Further Amortization Expense Thereafter Years
OperatingLeasesFurtherAmortizationExpenseThereafterYears
1955200 USD
tyht Operating Leases Further Amortization Expense
OperatingLeasesFurtherAmortizationExpense
3698929 USD
tyht Operating Leases Further Amortization Expense Next Twelve Months
OperatingLeasesFurtherAmortizationExpenseNextTwelveMonths
485309 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
69498 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
71586 USD
us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.0558 pure
us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.0546 pure
CY2017Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
33470 USD
CY2016Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
32283 USD
CY2017Q4 us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.0583 pure
CY2016Q4 us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
0.0543 pure
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1601634 USD
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
636558 USD
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
548811 USD
CY2017Q4 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
327222 USD
CY2016Q4 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
343292 USD
CY2017Q4 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-15044 USD
CY2016Q4 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-39541 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
28882 USD
CY2017Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
24598 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
257035 USD
CY2017Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsReserves
209236 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
116525 USD
CY2017Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
111882 USD
CY2017Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
402442 USD
CY2017Q2 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
345716 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
116525 USD
CY2017Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
111882 USD
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
285917 USD
CY2017Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
233834 USD
tyht Deferred Tax Assets Valuation Allowance Exchange Rate Adjustments
DeferredTaxAssetsValuationAllowanceExchangeRateAdjustments
4643 USD
CY2016Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
114122 USD
CY2017 tyht Deferred Tax Assets Valuation Allowance Exchange Rate Adjustments
DeferredTaxAssetsValuationAllowanceExchangeRateAdjustments
-2240 USD
tyht Value Added Tax Rate Percentage
ValueAddedTaxRatePercentage
0.17 pure
CY2017Q4 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
1752850 USD
CY2017Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
1541548 USD
CY2017Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
258680 USD
CY2017Q2 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
60685 USD
CY2017Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
13238 USD
CY2017Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent
6693 USD
tyht Statutory Surplus Reserve Percentage
StatutorySurplusReservePercentage
0.1 pure
tyht Statutory Reserve Percentage On Registered Capital
StatutoryReservePercentageOnRegisteredCapital
0.5 pure
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
566962 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
435075 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
260134 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
216816 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
216816 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
3974959 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
5670762 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
269022 USD
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
324173 USD
CY2017Q4 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
140566 USD
CY2016Q4 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
159271 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
210793 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
210793 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
90340 USD
CY2017Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
511926 USD
us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
108408 USD
us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
106673 USD
CY2017Q4 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
54437 USD
CY2016Q4 us-gaap Operating Leases Income Statement Sublease Revenue
OperatingLeasesIncomeStatementSubleaseRevenue
53337 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1134099 USD
CY2017Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
0 USD
CY2017Q4 us-gaap Goodwill
Goodwill
2152975 USD
CY2017Q2 us-gaap Goodwill
Goodwill
0 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
283525 USD
CY2017Q2 us-gaap Deferred Tax Liabilities Current
DeferredTaxLiabilitiesCurrent
0 USD
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2017Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2017Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21034072 shares
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21034072 shares
CY2017Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21034072 shares
CY2017Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21034072 shares
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
0 USD
us-gaap Interest Income Related Party
InterestIncomeRelatedParty
87220 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
602267 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
0 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
52698 USD
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
0 USD
us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
121959 USD
us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
2074198 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
200000 USD
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
22830 USD
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
0 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><i>Use of Estimates</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of the unaudited condensed consolidated financial statements in conformity with US GAAP requires management 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 unaudited condensed consolidated financial statements as well as the reported amounts of revenue and expenses during the reporting periods. Significant estimates required to be made by management include, but are not limited to, useful lives of property, plant, and equipment, and intangible assets, the recoverability of long-lived assets and the valuation of accounts receivable, accrued expenses, taxes payable and inventory reserves. Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><strong><i>Reclassification</i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications have no effect on the results of operations and cash flows.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
tyht Foreign Currency Transactions Weighted Average Exchange Rate
ForeignCurrencyTransactionsWeightedAverageExchangeRate
0.1506 pure
tyht Foreign Currency Transactions Weighted Average Exchange Rate
ForeignCurrencyTransactionsWeightedAverageExchangeRate
0.1482 pure
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
16611440 USD
CY2017Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14790866 USD
CY2017Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
139456 USD
CY2016Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
134557 USD
CY2017Q4 us-gaap Adjustment For Amortization
AdjustmentForAmortization
9749 USD
CY2016Q4 us-gaap Adjustment For Amortization
AdjustmentForAmortization
6703 USD
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P50Y
CY2017Q4 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
312017 USD
CY2016Q4 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2016 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5600000 USD
us-gaap Lease Expiration Date1
LeaseExpirationDate1
2020-05-31
CY2017Q4 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
830180 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1682604 USD
CY2016Q4 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
882405 USD
CY2017Q4 us-gaap Contractual Obligation
ContractualObligation
20000000 CNY

Files In Submission

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0001144204-18-007370-index-headers.html Edgar Link pending
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0001144204-18-007370.txt Edgar Link pending
0001144204-18-007370-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
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tv484902_10q.htm Edgar Link pending
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tv484902_img1.jpg Edgar Link pending
tyht-20171231.xml Edgar Link completed
tyht-20171231.xsd Edgar Link pending
tyht-20171231_cal.xml Edgar Link unprocessable
tyht-20171231_def.xml Edgar Link unprocessable
tyht-20171231_lab.xml Edgar Link unprocessable
tyht-20171231_pre.xml Edgar Link unprocessable