2022 Q3 Form 10-K Financial Statement

#000149315222027039 Filed on September 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022
Revenue $206.0K $2.186M
YoY Change -93.18% -27.64%
Cost Of Revenue $626.6K -$238.2K $3.797M
YoY Change -27.67% -107.19% 14.54%
Gross Profit -$90.88K $444.2K -$1.611M
YoY Change -61.58% -251.43% 449.02%
Gross Profit Margin 215.62% -73.67%
Selling, General & Admin $1.900M $7.501M $20.26M
YoY Change -77.87% -56.33% 17.95%
% of Gross Profit 1688.45%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $32.00K -$298.9K $554.4K
YoY Change -75.2% -268.81% -20.47%
% of Gross Profit -67.29%
Operating Expenses $1.900M $7.501M $21.40M
YoY Change -77.87% -56.33% 24.59%
Operating Profit -$1.990M -$7.057M -$23.01M
YoY Change -77.43% -59.61% 31.72%
Interest Expense -$312.2K -$497.3K -$420.9K
YoY Change 57.6% -1800.85% -1539.53%
% of Operating Profit
Other Income/Expense, Net -$451.9K -$180.6K -$1.915M
YoY Change -1.33% 223.91% 3334.61%
Pretax Income -$2.442M -$8.021M -$24.93M
YoY Change -78.01% -62.59% 16.26%
Income Tax -$285.8K -$292.3K
% Of Pretax Income
Net Earnings -$2.440M -$7.024M -$27.03M
YoY Change -82.87% -77.66% -14.03%
Net Earnings / Revenue -3409.44% -1236.39%
Basic Earnings Per Share -$0.17 -$2.86
Diluted Earnings Per Share -$166.5K -$653.3K -$2.858M
COMMON SHARES
Basic Shares Outstanding 16.40M shares 9.458M shares
Diluted Shares Outstanding 14.65M shares 9.458M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.24M $15.17M $15.17M
YoY Change 32.96% -7.21% -7.21%
Cash & Equivalents $24.20M $15.17M
Short-Term Investments
Other Short-Term Assets $3.256M $17.23M $17.24M
YoY Change -82.25% -40.15% -40.14%
Inventory $18.06M $18.72M $18.72M
Prepaid Expenses $14.90K $20.87K
Receivables $1.961M $1.822M $1.822M
Other Receivables $2.205M $3.246M $6.795M
Total Short-Term Assets $53.79M $59.74M $59.74M
YoY Change -9.64% 21.22% 21.22%
LONG-TERM ASSETS
Property, Plant & Equipment $1.265M $1.375M $3.464M
YoY Change -84.35% -76.45% -40.69%
Goodwill
YoY Change
Intangibles $0.00
YoY Change -100.0%
Long-Term Investments $750.0K $617.5K $617.5K
YoY Change 17.67%
Other Assets $7.970K $9.530K $9.530K
YoY Change -40.39% -99.81% -99.81%
Total Long-Term Assets $3.634M $4.091M $4.091M
YoY Change -58.41% -66.03% -66.03%
TOTAL ASSETS
Total Short-Term Assets $53.79M $59.74M $59.74M
Total Long-Term Assets $3.634M $4.091M $4.091M
Total Assets $57.42M $63.83M $63.83M
YoY Change -15.88% 4.09% 4.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.457K $1.547K $1.550K
YoY Change -90.05% -97.98% -97.98%
Accrued Expenses $586.6K $959.9K $959.9K
YoY Change -45.89% 120.97% 120.97%
Deferred Revenue
YoY Change
Short-Term Debt $14.28M $14.42M $14.42M
YoY Change -12.65% 391.54% 391.54%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $20.37M $29.04M $29.04M
YoY Change -29.78% 96.28% 96.28%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.320M $1.473M $1.473M
YoY Change -43.05% 71.4% 71.4%
Total Long-Term Liabilities $1.320M $1.473M $1.473M
YoY Change -43.05% 71.4% 71.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.37M $29.04M $29.04M
Total Long-Term Liabilities $1.320M $1.473M $1.473M
Total Liabilities $21.69M $30.51M $30.11M
YoY Change -30.54% 83.67% 81.28%
SHAREHOLDERS EQUITY
Retained Earnings -$20.81M -$18.37M
YoY Change -312.12%
Common Stock $16.40K $10.98K
YoY Change 39.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $36.11M $33.71M $33.71M
YoY Change
Total Liabilities & Shareholders Equity $57.42M $63.83M $63.83M
YoY Change -15.88% 4.09% 4.09%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022
OPERATING ACTIVITIES
Net Income -$2.440M -$7.024M -$27.03M
YoY Change -82.87% -77.66% -14.03%
Depreciation, Depletion And Amortization $32.00K -$298.9K $554.4K
YoY Change -75.2% -268.81% -20.47%
Cash From Operating Activities -$2.109M $1.043M -$5.713M
YoY Change -59.94% -137.31% -61.01%
INVESTING ACTIVITIES
Capital Expenditures $309.5K
YoY Change
Acquisitions $112.1K $112.1K
YoY Change
Other Investing Activities $11.08M -$3.806M -$36.02M
YoY Change -143.03% -37231.22% -2953.2%
Cash From Investing Activities $11.08M -$3.496M -$36.02M
YoY Change -142.7% -34205.66% -2953.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $9.681M
YoY Change 85.95%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $921.0K 3.183M $28.41M
YoY Change -95.49% -41.83% 292.65%
NET CHANGE
Cash From Operating Activities -$2.109M 1.043M -$5.713M
Cash From Investing Activities $11.08M -3.496M -$36.02M
Cash From Financing Activities $921.0K 3.183M $28.41M
Net Change In Cash $9.073M 729.6K -$13.86M
YoY Change -184.15% -72.84% 125.3%
FREE CASH FLOW
Cash From Operating Activities -$2.109M $1.043M -$5.713M
Capital Expenditures $309.5K
Free Cash Flow -$2.109M -$6.022M
YoY Change -58.38% -58.89%

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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Liabilities And Stockholders Equity
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CY2021Q2 us-gaap Liabilities And Stockholders Equity
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CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022 us-gaap Cost Of Goods And Services Sold
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CY2021 us-gaap Cost Of Goods And Services Sold
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CY2022 SISI Stock Written Off
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CY2021 SISI Stock Written Off
StockWrittenOff
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CY2022 SISI Business And Sales Related Tax
BusinessAndSalesRelatedTax
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CY2021 SISI Business And Sales Related Tax
BusinessAndSalesRelatedTax
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CY2022 us-gaap Cost Of Revenue
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CY2021 us-gaap Cost Of Revenue
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CY2022 us-gaap Gross Profit
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CY2021 us-gaap Gross Profit
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CY2022 us-gaap General And Administrative Expense
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CY2021 us-gaap General And Administrative Expense
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CY2022 us-gaap Selling Expense
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CY2021 us-gaap Selling Expense
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CY2022 us-gaap Asset Impairment Charges
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CY2022 us-gaap Operating Expenses
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CY2021 us-gaap Operating Expenses
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CY2022 us-gaap Operating Income Loss
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CY2021 us-gaap Operating Income Loss
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CY2022 us-gaap Impairment Of Investments
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CY2022 us-gaap Gain Loss On Investments
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CY2022 SISI Other Nonoperating Income Expenses
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CY2021 SISI Other Nonoperating Income Expenses
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CY2022 us-gaap Amortization Of Financing Costs
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CY2022 SISI Interest Income Expense Net Excluding Amortization Of Financing Costs
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CY2021 SISI Interest Income Expense Net Excluding Amortization Of Financing Costs
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29236 usd
CY2022 us-gaap Nonoperating Income Expense
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CY2021 us-gaap Nonoperating Income Expense
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CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Income Tax Expense Benefit
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CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Before Income Tax
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CY2022 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
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CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022 us-gaap Net Income Loss
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CY2021 us-gaap Net Income Loss
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2022 us-gaap Comprehensive Income Net Of Tax
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CY2021 us-gaap Comprehensive Income Net Of Tax
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CY2022 us-gaap Weighted Average Number Of Shares Issued Basic
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CY2021 us-gaap Weighted Average Number Of Shares Issued Basic
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CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.86
CY2021 us-gaap Earnings Per Share Basic
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-7.14
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2021 us-gaap Earnings Per Share Basic
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CY2021 us-gaap Stock Issued During Period Value New Issues
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CY2021 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
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CY2021 us-gaap Profit Loss
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Stock Issued During Period Value New Issues
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CY2022 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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CY2022 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
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361252 usd
CY2022 us-gaap Noncontrolling Interest Decrease From Deconsolidation
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CY2022 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Profit Loss
ProfitLoss
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2022 us-gaap Income Loss From Continuing Operations
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CY2021 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2021 us-gaap Depreciation Depletion And Amortization
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CY2022 us-gaap Gain Loss On Disposition Of Assets1
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CY2021 us-gaap Gain Loss On Disposition Of Assets1
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CY2022 us-gaap Provision For Doubtful Accounts
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CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2022 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
113139 usd
CY2021 us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
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CY2022 SISI Stock Written Off Due To Natural Disaster
StockWrittenOffDueToNaturalDisaster
1574241 usd
CY2021 SISI Stock Written Off Due To Natural Disaster
StockWrittenOffDueToNaturalDisaster
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
1140551 usd
CY2022 SISI Impairment Loss On Unconsolidated Entities
ImpairmentLossOnUnconsolidatedEntities
165349 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
741644 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
2268344 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1379777 usd
CY2022 SISI Accrued Interest Expense For Convertible Notes
AccruedInterestExpenseForConvertibleNotes
830401 usd
CY2022 SISI Accrued Interest Expense For Related Parties
AccruedInterestExpenseForRelatedParties
9390 usd
CY2022 SISI Accrued Interest Income Due From Related Parties
AccruedInterestIncomeDueFromRelatedParties
266656 usd
CY2022 SISI Accrued Interest Income Due From Third Parties
AccruedInterestIncomeDueFromThirdParties
592401 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
834891 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2833647 usd
CY2022 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
-2851460 usd
CY2021 us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
3345800 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1645742 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4605123 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
1438448 usd
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
506128 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-75008 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
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CY2022 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
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CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
530 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
3845658 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable
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-274912 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2021 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5712562 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
309456 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1549 usd
CY2022 SISI Payments For Loans To Related Party
PaymentsForLoansToRelatedParty
15802850 usd
CY2022 SISI Payment Made For Loans To Related Parties
PaymentMadeForLoansToRelatedParties
6597593 usd
CY2022 SISI Investment In Unconsolidated Entity
InvestmentInUnconsolidatedEntity
750000 usd
CY2022 SISI Acquisition Of Vie Guangyuan Net Of Cash
AcquisitionOfVieGuangyuanNetOfCash
112070 usd
CY2022 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
12669913 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
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CY2021 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1262305 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
9681171 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5206423 usd
CY2022 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2021 us-gaap Proceeds From Repayments Of Related Party Debt
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CY2022 us-gaap Proceeds From Convertible Debt
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17000000 usd
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
3000000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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28412235 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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CY2021 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
28412235 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
7235931 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2804343 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13859163 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
29024394 usd
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
32371372 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15165231 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
29024394 usd
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
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12681483 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15165231 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16342911 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
668477 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
115806 usd
CY2022 us-gaap Stock Issued1
StockIssued1
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CY2022 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1936837 usd
CY2021 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
668302 usd
CY2022 SISI Reduction Of Rightofuse Assets And Operating Lease Obligations
ReductionOfRightofuseAssetsAndOperatingLeaseObligations
1048857 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-27067139 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-32056433 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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-5712562 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14649557 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9458077 shares
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_zjWoQ46qXRQ5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><i><span id="xdx_869_zIdWijQR1YBa">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">The preparation of the consolidated financial statements in conformity with U.S. 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 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 and equipment, and intangible assets, the recoverability of long-lived assets, and the valuation of accounts receivable, advances to suppliers, deferred taxes, and inventory reserves. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2021Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4401048 shares
CY2022 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-2.60
CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-4.86
CY2022 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-0.26
CY2021 us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
-2.28
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.86
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.14
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
13481021 usd
CY2022 us-gaap Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
Lesser of useful life and lease term
CY2017Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.35 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.21 pure
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
744766 usd
CY2022 SISI Transition Tax Payments Description
TransitionTaxPaymentsDescription
The Company elects to pay the transition tax over an eight-year period using specified percentages (eight percent per year for the first five years, 15 percent in year six, 20 percent in year seven, and 25 percent in year eight)
CY2022 SISI Value Added Tax Rate Description
ValueAddedTaxRateDescription
Before May 1, 2018, all of the Company’s products that were sold in the PRC were subject to a Chinese value-added tax at a rate of 17% of the gross sales price. After May 1, 2018, the Company was subject a tax rate of 16%, and after April 1, 2019, the tax rate was further reduced to 13% based on the new Chinese tax law
CY2022Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.1493 pure
CY2021Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.1549 pure
CY2022 SISI Foreign Currency Exchange Rate Translation One
ForeignCurrencyExchangeRateTranslationOne
0.1549 pure
CY2021 SISI Foreign Currency Exchange Rate Translation One
ForeignCurrencyExchangeRateTranslationOne
0.1510 pure
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2022 us-gaap Prior Period Reclassification Adjustment Description
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<p id="xdx_84E_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zb9aTLsGCBni" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><i><span id="xdx_861_zBUYBbjL2nzf">Reclassifications</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">Certain prior year balances were reclassified to conform to the current year’s presentation with consideration of reflecting the Company’s Ankang Longevity Group as discontinued operations. None of these reclassifications had an impact on reported financial position or cash flows for any of the periods presented.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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CY2021Q2 us-gaap Accounts Receivable Gross
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CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q2 SISI Accounts Receivable Net Including Discontinuing Operation
AccountsReceivableNetIncludingDiscontinuingOperation
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CY2021Q2 SISI Accounts Receivable Net Including Discontinuing Operation
AccountsReceivableNetIncludingDiscontinuingOperation
6159728 usd
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net
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3473057 usd
CY2022Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1821554 usd
CY2021Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
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CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2021 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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CY2022 SISI Cessation Of Subsidiaries And Disposal Of Variable Interest Entities
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CY2022 SISI Accounts Receivable Foreign Currency Translation Adjustments
AccountsReceivableForeignCurrencyTranslationAdjustments
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CY2021 SISI Accounts Receivable Foreign Currency Translation Adjustments
AccountsReceivableForeignCurrencyTranslationAdjustments
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q2 us-gaap Inventory Raw Materials
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CY2021Q2 us-gaap Inventory Raw Materials
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CY2022Q2 us-gaap Inventory Work In Process
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CY2021Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
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CY2022Q2 us-gaap Inventory Finished Goods
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1191275 usd
CY2021Q2 us-gaap Inventory Finished Goods
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CY2022Q2 us-gaap Inventory Valuation Reserves
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CY2021Q2 us-gaap Inventory Valuation Reserves
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1349288 usd
CY2022Q2 SISI Inventory Net Including Discontinued Operation
InventoryNetIncludingDiscontinuedOperation
18718524 usd
CY2021Q2 SISI Inventory Net Including Discontinued Operation
InventoryNetIncludingDiscontinuedOperation
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CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Inventory1
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CY2022Q2 us-gaap Inventory Net
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CY2021Q2 us-gaap Inventory Net
InventoryNet
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CY2022 us-gaap Inventory Write Down
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CY2021 us-gaap Inventory Write Down
InventoryWriteDown
3942784 usd
CY2022Q2 SISI Gross Advances On Inventory Purchases
GrossAdvancesOnInventoryPurchases
13548178 usd
CY2021Q2 SISI Gross Advances On Inventory Purchases
GrossAdvancesOnInventoryPurchases
21810781 usd
CY2022Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
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CY2021Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13320307 usd
CY2022Q2 SISI Advances On Inventory Purchases Including Discontnuing Operaton
AdvancesOnInventoryPurchasesIncludingDiscontnuingOperaton
3551 usd
CY2021Q2 SISI Advances On Inventory Purchases Including Discontnuing Operaton
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CY2021Q2 SISI Advance To Supplier Net Held For Discontinued Operations
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CY2022Q2 us-gaap Advances On Inventory Purchases
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CY2021Q2 us-gaap Advances On Inventory Purchases
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CY2021Q2 SISI Advances To Suppliers Doubtful Accounts
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13320307 usd
CY2020Q2 SISI Advances To Suppliers Doubtful Accounts
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3342590 usd
CY2022 SISI Advances To Suppliers Charge To Expense
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CY2021 SISI Advances To Suppliers Charge To Expense
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CY2022 SISI Advances To Suppliers Ceasation Of Subisiaries And Disposal Of Vie
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CY2022 SISI Advances To Suppliers Foreign Currency Translation Adjustments
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CY2021 SISI Advances To Suppliers Foreign Currency Translation Adjustments
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CY2022Q2 SISI Advances To Suppliers Doubtful Accounts
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13544627 usd
CY2021Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13320307 usd
CY2022Q2 SISI Loan To Third Parties
LoanToThirdParties
16345717 usd
CY2021Q2 SISI Loan To Third Parties
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CY2022Q2 us-gaap Other Receivables Net Current
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3246293 usd
CY2021Q2 us-gaap Other Receivables Net Current
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2770136 usd
CY2022Q2 us-gaap Short Term Investments
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164261 usd
CY2021Q2 us-gaap Short Term Investments
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CY2022Q2 us-gaap Prepaid Expense Current
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20872 usd
CY2021Q2 us-gaap Prepaid Expense Current
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46453 usd
CY2022Q2 SISI Other Current Assets Gross
OtherCurrentAssetsGross
19777143 usd
CY2021Q2 SISI Other Current Assets Gross
OtherCurrentAssetsGross
4862707 usd
CY2022Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2545565 usd
CY2021Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
995760 usd
CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
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CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
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3866947 usd
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Other Assets
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CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
17231578 usd
CY2021Q2 us-gaap Other Assets Current
OtherAssetsCurrent
1343338 usd
CY2022Q2 SISI Loans To Third Parties
LoansToThirdParties
12500000 usd
CY2021Q2 SISI Advances To Third Parties Doubtful Accounts
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CY2020Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
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CY2022 SISI Advances To Third Parties Charge To Expense
AdvancesToThirdPartiesChargeToExpense
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CY2021 SISI Advances To Third Parties Charge To Expense
AdvancesToThirdPartiesChargeToExpense
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CY2022 SISI Advances To Third Parties Ceasation Of Subisiaries And Disposal Of Vie
AdvancesToThirdPartiesCeasationOfSubisiariesAndDisposalOfVIE
-326491 usd
CY2022 SISI Advances To Third Parties Foreign Currency Translation Adjustments
AdvancesToThirdPartiesForeignCurrencyTranslationAdjustments
-241020 usd
CY2021 SISI Advances To Third Parties Foreign Currency Translation Adjustments
AdvancesToThirdPartiesForeignCurrencyTranslationAdjustments
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CY2022Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2545565 usd
CY2021Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
995760 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
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5478914 usd
CY2021Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
12494308 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3388640 usd
CY2021Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6556839 usd
CY2022Q2 SISI Impairment For Property And Equipment
ImpairmentForPropertyAndEquipment
-714802 usd
CY2022Q2 SISI Property Plant And Equipment Net Including Discontinued Operations
PropertyPlantAndEquipmentNetIncludingDiscontinuedOperations
1375472 usd
CY2021Q2 SISI Property Plant And Equipment Net Including Discontinued Operations
PropertyPlantAndEquipmentNetIncludingDiscontinuedOperations
5937469 usd
CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
3683525 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1375472 usd
CY2021Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2253944 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2021Q3 us-gaap Equity Method Investments
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750000 usd
CY2022Q2 us-gaap Long Term Investments
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CY2019Q3 us-gaap Operating Lease Right Of Use Asset
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CY2019Q3 us-gaap Operating Lease Liability
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450123 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2088149 usd
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3585703 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
959909 usd
CY2021Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
434411 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1025967 usd
CY2021Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
352863 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1985876 usd
CY2021Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
787274 usd
CY2022 SISI Schedule Of Weighted Average Remaining Lease Terms And Discount Rate Of Operating Lease
ScheduleOfWeightedAverageRemainingLeaseTermsAndDiscountRateOfOperatingLease
<p id="xdx_891_ecustom--ScheduleOfWeightedAverageRemainingLeaseTermsAndDiscountRateOfOperatingLease_zJvs2Jl3dz6d" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The weighted average remaining lease terms and discount rates for all of operating leases were as follows as of <span style="background-color: white">June 30, 2022 and 2021</span>:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BB_zTuTqkM8JGae" style="display: none">SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES FOR OPERATING LEASES</span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>June 30,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2022</b></span></p></td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>June 30,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>2021</b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td> </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="text-align: left">Remaining lease term and discount rate:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 60%; text-align: left; padding-bottom: 2.5pt">Weighted average remaining lease term (years)</td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right"><span id="xdx_908_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20220630_zSxorYA1Uvud" title="Weighted average remaining lease term (years)">6.88</span></td><td style="width: 2%; padding-bottom: 2.5pt; text-align: left"> </td><td style="width: 2%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; width: 16%; text-align: right"><span id="xdx_903_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20210630_zXUmOzkaUeQj" title="Weighted average remaining lease term (years)">7.25</span></td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt">Weighted average discount rate</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_903_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_uPure_c20220630_zZH7epCleOS7" title="Weighted average discount rate">5.30</span></td><td style="padding-bottom: 2.5pt; text-align: left">%</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; text-align: right"><span id="xdx_907_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_uPure_c20210630_z8XPLZaS8Ckg" title="Weighted average discount rate">5.00</span></td><td style="padding-bottom: 2.5pt; text-align: left">%</td></tr> </table>
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CY2021Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2021Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0500 pure
CY2022 us-gaap Operating Lease Impairment Loss
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
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2305660 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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319784 usd
CY2022Q2 us-gaap Operating Lease Liability
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CY2021Q2 us-gaap Short Term Borrowings
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1858202 usd
CY2021 us-gaap Short Term Debt Interest Rate Increase
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CY2022Q2 SISI Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Due From Related Party
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDueFromRelatedParty
108296 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
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CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
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CY2022Q2 SISI Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Right Of Use Assets
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1127130 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
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166107 usd
CY2022Q2 SISI Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets And Other Payables
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CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
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1013492 usd
CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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112070 usd
CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
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16224379 usd
CY2022Q2 us-gaap Due From Related Parties Current
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6794987 usd
CY2021Q2 us-gaap Due From Related Parties Current
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CY2022 us-gaap Interest Income Other
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CY2022Q2 us-gaap Due To Related Parties Current
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CY2021Q2 us-gaap Due To Related Parties Current
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1159407 usd
CY2022Q2 us-gaap Due To Related Parties Current
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2798800 usd
CY2021Q2 us-gaap Due To Related Parties Current
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CY2022 us-gaap Interest And Debt Expense
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018 us-gaap Income Tax Expense Benefit
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744766 usd
CY2022 us-gaap Income Tax Examination Description
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The Company elects to pay the transition tax over an eight-year period using specified percentages (eight percent per year for the first five years, 15 percent in year six, 20 percent in year seven, and 25 percent in year eight).
CY2022 us-gaap Current Income Tax Expense Benefit
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-6454 usd
CY2021 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2022 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
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CY2021 us-gaap Income Tax Expense Benefit Continuing Operations Discontinued Operations Extraordinary Items
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43701 usd
CY2021 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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43701 usd
CY2022 us-gaap Income Tax Expense Benefit
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-292266 usd
CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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1252245 usd
CY2021Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Reserves
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CY2022Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2021Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2021Q2 SISI Deferred Tax Liability Distribution Rights
DeferredTaxLiabilityDistributionRights
-285699 usd
CY2021Q2 us-gaap Deferred Income Tax Liabilities
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CY2021Q2 us-gaap Deferred Tax Assets Liabilities Net
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CY2021Q2 SISI Deferred Tax Liability Continuing Operations
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CY2021Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2020Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022 SISI Current Year Addition Valuation Allowance
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CY2021 SISI Current Year Addition Valuation Allowance
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CY2021Q2 SISI Valuation Allowance Held For Discontinued Operations
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CY2022Q2 SISI Valuation Allowance Held For Continuing Operations
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CY2021Q2 SISI Valuation Allowance Held For Continuing Operations
ValuationAllowanceHeldForContinuingOperations
447694 usd
CY2022 SISI Description Of Applicable Value Added Tax Rate
DescriptionOfApplicableValueAddedTaxRate
The applicable VAT rate was 17% before May 1, 2018 for products sold in the PRC and decreased to 16% thereafter, and after April 1, 2019, the tax rate was further reduced to 13% based on the new Chinese tax law. The amount of VAT liability is determined by applying the applicable tax rate to the invoiced amount of goods sold (output VAT) less VAT paid on purchases made with the relevant supporting invoices (input VAT). Under commercial practice in the PRC, the Company pays VAT based on tax invoices issued
CY2022 us-gaap Income Tax Examination Penalties Expense
IncomeTaxExaminationPenaltiesExpense
0 usd
CY2021 us-gaap Income Tax Examination Penalties Expense
IncomeTaxExaminationPenaltiesExpense
0 usd
CY2022Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
992780 usd
CY2021Q2 us-gaap Accrued Income Taxes
AccruedIncomeTaxes
3376499 usd
CY2022Q2 us-gaap Sales And Excise Tax Payable Current And Noncurrent
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34925 usd
CY2021Q2 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
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CY2022Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
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3375 usd
CY2021Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current And Noncurrent
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CY2022Q2 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
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CY2021Q2 us-gaap Taxes Payable Current And Noncurrent
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CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Accrued Income Tax Payable
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1743673 usd
CY2022Q2 SISI Tax Payable Continuing Operations
TaxPayableContinuingOperations
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CY2021Q2 SISI Tax Payable Continuing Operations
TaxPayableContinuingOperations
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CY2022Q2 SISI Income Tax Payable Current
IncomeTaxPayableCurrent
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CY2021Q2 SISI Income Tax Payable Current
IncomeTaxPayableCurrent
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CY2021Q2 us-gaap Disposal Group Including Discontinued Operation Accrued Income Taxes Payable
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CY2022Q2 us-gaap Taxes Payable Current
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CY2021Q2 us-gaap Taxes Payable Current
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CY2022Q2 us-gaap Accrued Income Taxes Noncurrent
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CY2021Q2 us-gaap Accrued Income Taxes Noncurrent
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CY2022Q2 SISI Income Tax Payable Noncurrent Continuing Operations
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CY2021Q2 SISI Income Tax Payable Noncurrent Continuing Operations
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506441 usd
CY2022 SISI Statutory Surplus Reserve Percentage
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0.10 pure
CY2022 SISI Statutory Reserve Percentage On Registered Capital
StatutoryReservePercentageOnRegisteredCapital
0.50 pure
CY2022Q2 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
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CY2021Q2 us-gaap Statutory Accounting Practices Statutory Capital And Surplus Required
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4198107 usd
CY2019Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
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CY2019Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
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CY2019Q3 us-gaap Share Price
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5.54
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CY2019Q3 us-gaap Share Price
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4.68
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
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1500203 usd
CY2020Q4 us-gaap Stock Issued During Period Shares New Issues
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CY2020Q4 us-gaap Share Price
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2.73
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3024000 usd
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6000000 usd
CY2021Q4 us-gaap Loss Contingency Damages Sought Value
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9000000 usd
CY2021Q4 us-gaap Loss Contingency Damages Awarded Value
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10000000 usd
CY2021Q4 us-gaap Debt Securities
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1500000 usd
CY2021Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
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982500 shares
CY2021Q4 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
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CY2022 us-gaap Number Of Operating Segments
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4 integer
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2022 us-gaap Cost Of Revenue
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CY2022 us-gaap Disposal Group Including Discontinued Operation Costs Of Goods Sold
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CY2022 us-gaap Gross Profit
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CY2022 us-gaap Disposal Group Including Discontinued Operation Gross Profit Loss
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CY2022 SISI Gross Profit Loss Contribution Percentage
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-0.737 pure
CY2022 SISI Disposal Group Including Discontinued Operation Gross Profit Loss Contribution Percentage
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-0.737 pure
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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-3249977 usd
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-1.402 pure
CY2021 SISI Disposal Group Including Discontinued Operation Gross Profit Loss Contribution Percentage
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-0.293 pure
CY2022Q2 us-gaap Assets
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63826017 usd
CY2021Q2 us-gaap Assets
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61318599 usd
CY2021Q2 SISI Assets Held For Discontinued Operations
AssetsHeldForDiscontinuedOperations
-24702773 usd
CY2022Q2 SISI Assets Held For Continuing Operations
AssetsHeldForContinuingOperations
63826017 usd
CY2021Q2 SISI Assets Held For Continuing Operations
AssetsHeldForContinuingOperations
36615826 usd

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