2021 Q3 Form 10-Q Financial Statement
#000149315221028673 Filed on November 15, 2021
Income Statement
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| Revenue | $629.8K | $1.008M |
| YoY Change | -37.52% | -85.7% |
| Cost Of Revenue | $866.3K | $742.3K |
| YoY Change | 16.7% | -86.28% |
| Gross Profit | -$236.6K | $265.6K |
| YoY Change | -189.05% | -83.8% |
| Gross Profit Margin | -37.56% | 26.35% |
| Selling, General & Admin | $8.582M | $1.436M |
| YoY Change | 497.65% | -58.74% |
| % of Gross Profit | 540.57% | |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $129.0K | $204.8K |
| YoY Change | -36.99% | 7.78% |
| % of Gross Profit | 77.09% | |
| Operating Expenses | $8.582M | $1.436M |
| YoY Change | 497.65% | -58.62% |
| Operating Profit | -$8.819M | -$1.170M |
| YoY Change | 653.52% | -36.05% |
| Interest Expense | -$198.1K | $4.230K |
| YoY Change | -4783.69% | -93.96% |
| % of Operating Profit | ||
| Other Income/Expense, Net | -$458.0K | $2.790K |
| YoY Change | -16516.13% | -127.9% |
| Pretax Income | -$11.11M | -$1.163M |
| YoY Change | 854.88% | -34.65% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$14.24M | -$1.058M |
| YoY Change | 1246.4% | -40.92% |
| Net Earnings / Revenue | -2260.91% | -104.91% |
| Basic Earnings Per Share | -$1.71 | |
| Diluted Earnings Per Share | -$1.712M | -$347.9K |
| COMMON SHARES | ||
| Basic Shares Outstanding | 8.315M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 Q3 | 2020 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $18.23M | $23.13M |
| YoY Change | -21.18% | -38.5% |
| Cash & Equivalents | $18.23M | |
| Short-Term Investments | ||
| Other Short-Term Assets | $18.35M | $23.81M |
| YoY Change | -22.94% | 145.43% |
| Inventory | $20.36M | $3.844M |
| Prepaid Expenses | ||
| Receivables | $2.351M | $12.26M |
| Other Receivables | $240.8K | $125.7K |
| Total Short-Term Assets | $59.52M | $63.16M |
| YoY Change | -5.76% | 7.33% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $8.087M | $12.91M |
| YoY Change | -37.38% | -2.09% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | $0.00 | |
| YoY Change | ||
| Long-Term Investments | $637.4K | $4.709M |
| YoY Change | -86.46% | -27.22% |
| Other Assets | $13.37K | $98.96K |
| YoY Change | -86.49% | -74.63% |
| Total Long-Term Assets | $8.738M | $20.04M |
| YoY Change | -56.4% | -10.13% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $59.52M | $63.16M |
| Total Long-Term Assets | $8.738M | $20.04M |
| Total Assets | $68.26M | $83.21M |
| YoY Change | -17.96% | 2.53% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $14.64K | $159.7K |
| YoY Change | -90.83% | -36.13% |
| Accrued Expenses | $1.084M | $92.91K |
| YoY Change | 1066.61% | -78.39% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $16.35M | $2.426M |
| YoY Change | 574.04% | 5.02% |
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $29.01M | $13.82M |
| YoY Change | 109.96% | 38.16% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | $2.318M | $990.6K |
| YoY Change | 133.96% | 57.24% |
| Total Long-Term Liabilities | $2.318M | $990.6K |
| YoY Change | 133.96% | 57.24% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $29.01M | $13.82M |
| Total Long-Term Liabilities | $2.318M | $990.6K |
| Total Liabilities | $31.23M | $16.32M |
| YoY Change | 91.39% | 39.45% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | $3.040K | |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $37.03M | $66.89M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $68.26M | $83.21M |
| YoY Change | -17.96% | 2.53% |
Cashflow Statement
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q3 | us-gaap |
Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
USD | |
| CY2021Q2 | us-gaap |
Long Term Investments
LongTermInvestments
|
USD | |
| CY2021Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
USD | |
| CY2021Q3 | us-gaap |
Disposal Group Including Discontinued Operation Assets Noncurrent
DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent
|
USD | |
| CY2021Q3 | us-gaap |
Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
USD | |
| CY2020Q3 | TYHT |
Stock Written Off
StockWrittenOff
|
USD | |
| CY2020Q3 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
USD | |
| CY2020Q3 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
USD | |
| CY2020Q3 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
USD | |
| CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q3 | TYHT |
Income From Discontinued Operations Net Of Taxes
IncomeFromDiscontinuedOperationsNetOfTaxes
|
USD | |
| CY2020Q3 | TYHT |
Loss On Disposal Of Discontinued Operations
LossOnDisposalOfDiscontinuedOperations
|
USD | |
| CY2021Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
||
| CY2020Q3 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
USD | |
| CY2020Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
USD | |
| CY2020Q3 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
USD | |
| CY2020Q3 | TYHT |
Accrued Interest Expense For Convertible Notes
AccruedInterestExpenseForConvertibleNotes
|
USD | |
| CY2021Q3 | us-gaap |
Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
|
USD | |
| CY2020Q3 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
USD | |
| CY2020Q3 | TYHT |
Investment In Unconsolidated Entity
InvestmentInUnconsolidatedEntity
|
USD | |
| CY2020Q3 | TYHT |
Loan Receivables Additions
LoanReceivablesAdditions
|
USD | |
| CY2020Q3 | TYHT |
Acquisition Of Vie Guangyuan Net Of Cash
AcquisitionOfVieGuangyuanNetOfCash
|
USD | |
| CY2020Q3 | us-gaap |
Payments To Acquire Investments
PaymentsToAcquireInvestments
|
USD | |
| CY2020Q3 | us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
USD | |
| CY2021Q3 | us-gaap |
Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
|
USD | |
| CY2020Q3 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
USD | |
| CY2020Q3 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
USD | |
| CY2021Q3 | us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
USD | |
| CY2020Q3 | us-gaap |
Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
|
USD | |
| CY2021Q3 | us-gaap |
Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
|
USD | |
| CY2021Q3 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
USD | |
| CY2021Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
USD | |
| CY2020Q3 | us-gaap |
Stock Issued1
StockIssued1
|
USD | |
| CY2020Q3 | us-gaap |
Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
|
USD | |
| CY2021Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax
|
USD | |
| CY2021Q3 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
||
| CY2021Q3 | us-gaap |
Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet
|
USD | |
| CY2021Q3 | us-gaap |
Disposal Group Including Discontinued Operation Inventory1
DisposalGroupIncludingDiscontinuedOperationInventory1
|
USD | |
| CY2021Q3 | TYHT |
Advance To Supplier Net Held For Discontinued Operations
AdvanceToSupplierNetHeldForDiscontinuedOperations
|
USD | |
| CY2021Q3 | TYHT |
Advances To Third Parties Ceasation Of Subisiaries And Disposal Of Vie
AdvancesToThirdPartiesCeasationOfSubisiariesAndDisposalOfVIE
|
USD | |
| CY2021Q2 | TYHT |
Advances To Third Parties Ceasation Of Subisiaries And Disposal Of Vie
AdvancesToThirdPartiesCeasationOfSubisiariesAndDisposalOfVIE
|
USD | |
| CY2021Q3 | us-gaap |
Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
|
USD | |
| CY2021Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
USD | |
| CY2021Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
USD | |
| CY2021Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
USD | |
| CY2021Q2 | us-gaap |
Long Term Investments
LongTermInvestments
|
USD | |
| CY2021Q3 | TYHT |
Equity Method Investment Summarized Financial Informations Revenue
EquityMethodInvestmentSummarizedFinancialInformationsRevenue
|
USD | |
| CY2021Q3 | TYHT |
Equity Method Investment Summarized Financial Informations Gross Profit Loss
EquityMethodInvestmentSummarizedFinancialInformationsGrossProfitLoss
|
USD | |
| CY2021Q3 | TYHT |
Equity Method Investment Summarized Financial Information Income Loss From Continuing Operations Before Extraordinary Item
EquityMethodInvestmentSummarizedFinancialInformationIncomeLossFromContinuingOperationsBeforeExtraordinaryItem
|
USD | |
| CY2021Q3 | TYHT |
Equity Method Investment Summarized Financial Informations Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationsNetIncomeLoss
|
USD | |
| CY2021Q3 | us-gaap |
Acquisition Costs
AcquisitionCosts
|
0 | USD |
| CY2021Q3 | us-gaap |
Gain Loss On Sales Of Loans Net
GainLossOnSalesOfLoansNet
|
USD | |
| CY2021Q3 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
USD | |
| CY2021Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | |
| CY2020Q3 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
USD | |
| CY2021Q3 | us-gaap |
Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
IncomeTaxExpenseBenefitContinuingOperationsDiscontinuedOperationsExtraordinaryItems
|
USD | |
| CY2021Q3 | us-gaap |
Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
|
USD | |
| CY2021Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2020Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
USD | |
| CY2021Q3 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2021Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
USD | |
| CY2021Q3 | TYHT |
Deferred Tax Liability Discontinued Operations
DeferredTaxLiabilityDiscontinuedOperations
|
USD | |
| CY2021Q2 | TYHT |
Deferred Tax Liability Discontinued Operations
DeferredTaxLiabilityDiscontinuedOperations
|
USD | |
| CY2021Q3 | TYHT |
Valuation Allowance Held For Discontinued Operations
ValuationAllowanceHeldForDiscontinuedOperations
|
USD | |
| CY2021Q3 | us-gaap |
Disposal Group Including Discontinued Operation Accrued Income Tax Payable
DisposalGroupIncludingDiscontinuedOperationAccruedIncomeTaxPayable
|
USD | |
| CY2021Q3 | us-gaap |
Disposal Group Including Discontinued Operation Accrued Income Taxes Payable
DisposalGroupIncludingDiscontinuedOperationAccruedIncomeTaxesPayable
|
USD | |
| CY2021Q3 | us-gaap |
Disposal Group Including Discontinued Operation Accrued Income Tax Payable Noncurrent
DisposalGroupIncludingDiscontinuedOperationAccruedIncomeTaxPayableNoncurrent
|
USD | |
| CY2021Q2 | us-gaap |
Disposal Group Including Discontinued Operation Accrued Income Tax Payable Noncurrent
DisposalGroupIncludingDiscontinuedOperationAccruedIncomeTaxPayableNoncurrent
|
USD | |
| CY2021Q3 | TYHT |
Assets Held For Discontinued Operations
AssetsHeldForDiscontinuedOperations
|
USD |
