2023 Q1 Form 10-Q Financial Statement

#000149315223005034 Filed on February 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2021 Q4
Revenue $732.6K
YoY Change -7.23%
Cost Of Revenue $782.9K $659.1K $885.7K
YoY Change 10.41% -25.58% -21.69%
Gross Profit -$89.87K -$119.9K -$153.1K
YoY Change -1.27% -21.71% -55.14%
Gross Profit Margin -20.9%
Selling, General & Admin $2.431M $2.323M $1.943M
YoY Change 8.81% 19.56% -39.73%
% of Gross Profit
Research & Development $58.38K
YoY Change
% of Gross Profit
Depreciation & Amortization $338.8K $134.7K $611.5K
YoY Change 200.46% -77.97% 261.32%
% of Gross Profit
Operating Expenses $2.490M $2.323M $1.943M
YoY Change 11.43% 19.56% -39.73%
Operating Profit -$2.580M -$2.443M -$2.096M
YoY Change 10.93% 16.55% -41.2%
Interest Expense -$114.0K -$142.2K $158.3K
YoY Change -198.08% -189.87% 2021.58%
% of Operating Profit
Other Income/Expense, Net -$63.48K -$329.8K -$394.9K
YoY Change -78.49% -16.48% -575.0%
Pretax Income -$2.643M -$2.773M -$2.891M
YoY Change -9.05% -4.09% -52.64%
Income Tax -$33.09K -$6.480K
% Of Pretax Income
Net Earnings -$2.669M -$2.770M -$2.878M
YoY Change -7.75% -3.75% -77.9%
Net Earnings / Revenue -392.82%
Basic Earnings Per Share -$0.13 -$0.16 -$0.32
Diluted Earnings Per Share -$0.13 -$0.16 -$315.3K
COMMON SHARES
Basic Shares Outstanding 20.66M shares 16.40M shares 9.126M shares
Diluted Shares Outstanding 2.052M shares 1.785M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.40M $16.44M $16.62M
YoY Change -0.53% -1.07% -31.77%
Cash & Equivalents $15.40M $16.40M $16.62M
Short-Term Investments
Other Short-Term Assets $2.456M $1.534M $19.55M
YoY Change -86.75% -92.16% -14.24%
Inventory $18.99M $18.18M $21.01M
Prepaid Expenses $21.24K $15.12K
Receivables $3.057M $2.191M $2.425M
Other Receivables $5.929M $2.170M $7.031M
Total Short-Term Assets $45.85M $56.28M $66.64M
YoY Change -29.02% -15.55% 12.95%
LONG-TERM ASSETS
Property, Plant & Equipment $1.312M $1.169M $7.439M
YoY Change -80.3% -84.29% -20.83%
Goodwill $6.575M
YoY Change
Intangibles
YoY Change
Long-Term Investments $596.5K $700.0K $659.2K
YoY Change -2.2% 6.19% -76.78%
Other Assets $6.190K $7.190K $12.38K
YoY Change -44.88% -41.92% -87.85%
Total Long-Term Assets $21.88M $2.780M $8.111M
YoY Change 200.52% -65.73% -44.99%
TOTAL ASSETS
Total Short-Term Assets $45.85M $56.28M $66.64M
Total Long-Term Assets $21.88M $2.780M $8.111M
Total Assets $67.73M $59.06M $74.75M
YoY Change -5.77% -20.99% 1.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $327.8K $1.502K $1.630K
YoY Change 20007.98% -7.85% -98.87%
Accrued Expenses $369.9K $232.7K $1.106M
YoY Change -61.71% -78.96% 1029.13%
Deferred Revenue
YoY Change
Short-Term Debt $1.310M $14.72M $14.84M
YoY Change -90.7% -0.78% 707.92%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $22.55M $20.62M $30.38M
YoY Change -23.15% -32.11% 120.9%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $1.052M $1.008M $2.251M
YoY Change -44.96% -55.21% 122.12%
Total Long-Term Liabilities $1.052M $1.008M $2.251M
YoY Change -44.96% -55.21% 122.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.55M $20.62M $30.38M
Total Long-Term Liabilities $1.052M $1.008M $2.251M
Total Liabilities $25.16M $21.63M $32.52M
YoY Change -19.19% -33.48% 105.13%
SHAREHOLDERS EQUITY
Retained Earnings -$26.25M -$23.58M
YoY Change
Common Stock $20.67K $19.66K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $37.37M $37.82M $42.23M
YoY Change
Total Liabilities & Shareholders Equity $67.73M $59.06M $74.75M
YoY Change -5.77% -20.99% 1.37%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income -$2.669M -$2.770M -$2.878M
YoY Change -7.75% -3.75% -77.9%
Depreciation, Depletion And Amortization $338.8K $134.7K $611.5K
YoY Change 200.46% -77.97% 261.32%
Cash From Operating Activities -$1.066M $322.2K -$345.8K
YoY Change -6.85% -193.18% -85.2%
INVESTING ACTIVITIES
Capital Expenditures $18.49K $0.00 -$112.0K
YoY Change -1349.32% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$1.374M -$8.678M -$6.384M
YoY Change 1902.51% 35.93% -540.22%
Cash From Investing Activities -$1.392M -$8.678M -$6.496M
YoY Change 1886.58% 33.59% -547.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.341M 158.9K 4.799M
YoY Change -23260.97% -96.69% 395.34%
NET CHANGE
Cash From Operating Activities -1.066M 322.2K -345.8K
Cash From Investing Activities -1.392M -8.678M -6.496M
Cash From Financing Activities 1.341M 158.9K 4.799M
Net Change In Cash -1.117M -8.196M -2.043M
YoY Change -8.47% 301.21% -2577.44%
FREE CASH FLOW
Cash From Operating Activities -$1.066M $322.2K -$345.8K
Capital Expenditures $18.49K $0.00 -$112.0K
Free Cash Flow -$1.085M $322.2K -$233.8K
YoY Change -5.12% -237.79%

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437931 usd
CY2021Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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SISI Stock Written Off
StockWrittenOff
462936 usd
SISI Stock Written Off
StockWrittenOff
901581 usd
CY2022Q4 SISI Stock Written Off
StockWrittenOff
221182 usd
CY2021Q4 SISI Stock Written Off
StockWrittenOff
408594 usd
SISI Business And Sales Related Tax
BusinessAndSalesRelatedTax
2 usd
SISI Business And Sales Related Tax
BusinessAndSalesRelatedTax
3257 usd
CY2022Q4 SISI Business And Sales Related Tax
BusinessAndSalesRelatedTax
2 usd
CY2021Q4 SISI Business And Sales Related Tax
BusinessAndSalesRelatedTax
2002 usd
us-gaap Cost Of Revenue
CostOfRevenue
1285690 usd
us-gaap Cost Of Revenue
CostOfRevenue
2653568 usd
CY2022Q4 us-gaap Cost Of Revenue
CostOfRevenue
659115 usd
CY2021Q4 us-gaap Cost Of Revenue
CostOfRevenue
1294265 usd
us-gaap Gross Profit
GrossProfit
-210745 usd
us-gaap Gross Profit
GrossProfit
-1291236 usd
CY2022Q4 us-gaap Gross Profit
GrossProfit
-119868 usd
CY2021Q4 us-gaap Gross Profit
GrossProfit
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4203856 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10506466 usd
CY2022Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2317413 usd
CY2021Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1932810 usd
us-gaap Selling Expense
SellingExpense
18551 usd
us-gaap Selling Expense
SellingExpense
18332 usd
CY2022Q4 us-gaap Selling Expense
SellingExpense
5450 usd
CY2021Q4 us-gaap Selling Expense
SellingExpense
9990 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
1140551 usd
us-gaap Operating Expenses
OperatingExpenses
4222407 usd
us-gaap Operating Expenses
OperatingExpenses
11665349 usd
CY2022Q4 us-gaap Operating Expenses
OperatingExpenses
2322863 usd
CY2021Q4 us-gaap Operating Expenses
OperatingExpenses
1942800 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-4433152 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-12956585 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-2442731 usd
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Impairment Of Investments
ImpairmentOfInvestments
149790 usd
CY2021Q4 us-gaap Impairment Of Investments
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149790 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-6221 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
-106988 usd
CY2022Q4 us-gaap Gain Loss On Investments
GainLossOnInvestments
83 usd
CY2021Q4 us-gaap Gain Loss On Investments
GainLossOnInvestments
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us-gaap Other Nonoperating Income
OtherNonoperatingIncome
28758 usd
us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1443 usd
CY2021Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-813736 usd
CY2022Q4 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
14023 usd
CY2021Q4 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
473 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
355972 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
854318 usd
CY2022Q4 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
201569 usd
CY2021Q4 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
395340 usd
SISI Interest Income Expense Net Excluding Amortization Of Financing Costs
InterestIncomeExpenseNetExcludingAmortizationOfFinancingCosts
-448244 usd
SISI Interest Income Expense Net Excluding Amortization Of Financing Costs
InterestIncomeExpenseNetExcludingAmortizationOfFinancingCosts
67139 usd
CY2022Q4 SISI Interest Income Expense Net Excluding Amortization Of Financing Costs
InterestIncomeExpenseNetExcludingAmortizationOfFinancingCosts
-142317 usd
CY2021Q4 SISI Interest Income Expense Net Excluding Amortization Of Financing Costs
InterestIncomeExpenseNetExcludingAmortizationOfFinancingCosts
237338 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-781679 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-1042514 usd
CY2022Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-329780 usd
CY2021Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5214831 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2772511 usd
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-6478 usd
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2022Q4 us-gaap Profit Loss
ProfitLoss
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CY2021Q4 us-gaap Profit Loss
ProfitLoss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Profit Loss
ProfitLoss
-5214831 usd
us-gaap Profit Loss
ProfitLoss
-17127858 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
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CY2021Q4 us-gaap Profit Loss
ProfitLoss
-2884400 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
1156311 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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CY2022Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6287 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3511 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
16249657 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
8720539 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
17850182 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.32
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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CY2022Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.16
CY2021Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.32
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.36
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.96
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
7481203 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature
361252 usd
us-gaap Noncontrolling Interest Decrease From Deconsolidation
NoncontrollingInterestDecreaseFromDeconsolidation
1072667 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
814306 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
41834442 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
33312888 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9347000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
527636 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
612000 usd
us-gaap Profit Loss
ProfitLoss
-5214831 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-1156311 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
37428382 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
36648903 usd
CY2021Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5106203 usd
CY2021Q4 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
2150000 usd
CY2021Q4 us-gaap Profit Loss
ProfitLoss
-2884400 usd
CY2021Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
813736 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
41834442 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
35728866 usd
CY2022Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3347000 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
-2772511 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
1125027 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
37428382 usd
us-gaap Profit Loss
ProfitLoss
-5214831 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
166703 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
740533 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
871799 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5815640 usd
us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
-4350 usd
us-gaap Inventory Lifo Reserve Effect On Income Net
InventoryLIFOReserveEffectOnIncomeNet
128773 usd
SISI Stock Written Off Due To Natural Disaster
StockWrittenOffDueToNaturalDisaster
462936 usd
SISI Stock Written Off Due To Natural Disaster
StockWrittenOffDueToNaturalDisaster
901581 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
375369 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
522866 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
1140551 usd
us-gaap Impairment Of Investments
ImpairmentOfInvestments
149790 usd
SISI Restricted Shares Issued For Management
RestrictedSharesIssuedForManagement
612000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
355972 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
854318 usd
SISI Accrued Interest Expense For Convertible Notes
AccruedInterestExpenseForConvertibleNotes
479641 usd
SISI Accrued Interest Expense For Convertible Notes
AccruedInterestExpenseForConvertibleNotes
414778 usd
SISI Accrued Interest Expense For Related Parties
AccruedInterestExpenseForRelatedParties
9320 usd
SISI Accrued Interest Income Due From Related Parties
AccruedInterestIncomeDueFromRelatedParties
173799 usd
SISI Accrued Interest Income Due From Related Parties
AccruedInterestIncomeDueFromRelatedParties
411167 usd
SISI Accrued Interest Income Due From Third Parties
AccruedInterestIncomeDueFromThirdParties
119978 usd
SISI Accrued Interest Income Due From Third Parties
AccruedInterestIncomeDueFromThirdParties
78422 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
398966 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
46681 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
-1161579 usd
us-gaap Increase Decrease In Prepaid Supplies
IncreaseDecreaseInPrepaidSupplies
-1577386 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
468786 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
948863 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
42521 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
4559032 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
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us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
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us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
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us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
615173 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
2559798 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-473376 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
308637 usd
SISI Payments For Loans To Third Party
PaymentsForLoansToThirdParty
50155 usd
SISI Payments For Loans To Third Party
PaymentsForLoansToThirdParty
12200000 usd
SISI Repayments Of Loans To Third Parties
RepaymentsOfLoansToThirdParties
-11240791 usd
SISI Payments For Loans To Related Party
PaymentsForLoansToRelatedParty
6633811 usd
SISI Repayments Of Loans From Related Parties
RepaymentsOfLoansFromRelatedParties
-214949 usd
SISI Investment In Unconsolidated Entity
InvestmentInUnconsolidatedEntity
750000 usd
SISI Increases Decreases Prepayment For Business Acquisition
IncreasesDecreasesPrepaymentForBusinessAcquisition
9000000 usd
SISI Acquisition Of Vie Guangyuan Net Of Cash
AcquisitionOfVieGuangyuanNetOfCash
-112070 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
12669913 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2405585 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1250000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
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us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
754308 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
17000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1079991 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
25235511 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
421826 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1277376 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16442607 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16620895 usd
us-gaap Stock Issued1
StockIssued1
527636 usd
us-gaap Stock Issued1
StockIssued1
7970876 usd
SISI Issuance Of Common Shares For Proceeds Received In Prior Year
IssuanceOfCommonSharesForProceedsReceivedInPriorYear
5000000 usd
SISI Issuance Of Common Shares For Business Acquisition
IssuanceOfCommonSharesForBusinessAcquisition
3097000 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1275378 usd
SISI Reduction Of Rightofuse Assets And Operating Lease Obligations
ReductionOfRightofuseAssetsAndOperatingLeaseObligations
645711 usd
SISI Repayments Of Loans To Third Parties Offset By Other Payables
RepaymentsOfLoansToThirdPartiesOffsetByOtherPayables
3156610 usd
CY2022Q4 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
9000000 usd
CY2022Q4 us-gaap Shares Issued
SharesIssued
3260000 shares
CY2022Q4 us-gaap Share Price
SharePrice
0.001
us-gaap Profit Loss
ProfitLoss
-5214831 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q2 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
us-gaap Use Of Estimates
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<p id="xdx_841_eus-gaap--UseOfEstimates_zRtetnUD8k8g" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86A_z8iC1GSESGJg">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the unaudited condensed 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 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 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 0"><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 0"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2017Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.35 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2018 us-gaap Income Tax Expense Benefit
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q4 us-gaap Inventory Valuation Reserves
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CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1249543 usd
CY2022Q4 SISI Allowance For Uncollectible Advances To Suppliers
AllowanceForUncollectibleAdvancesToSuppliers
11979135 usd
CY2022Q2 SISI Allowance For Uncollectible Advances To Suppliers
AllowanceForUncollectibleAdvancesToSuppliers
13544627 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)
us-gaap Property Plant And Equipment Estimated Useful Lives
PropertyPlantAndEquipmentEstimatedUsefulLives
Lesser of useful life and lease term
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
CY2022Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.1450 pure
CY2022Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.1493 pure
SISI Foreign Currency Exchange Rate Translation One
ForeignCurrencyExchangeRateTranslationOne
0.1433 pure
SISI Foreign Currency Exchange Rate Translation One
ForeignCurrencyExchangeRateTranslationOne
0.1555 pure
CY2022Q4 SISI Foreign Currency Exchange Rate Translation One
ForeignCurrencyExchangeRateTranslationOne
0.1406 pure
CY2021Q4 SISI Foreign Currency Exchange Rate Translation One
ForeignCurrencyExchangeRateTranslationOne
0.1564 pure
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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-2769873 usd
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
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CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
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CY2021Q4 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16249657 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8720539 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17850182 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9126082 shares
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.32
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.60
CY2022Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.16
CY2021Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
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us-gaap Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.96
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.32
us-gaap Prior Period Reclassification Adjustment Description
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<p id="xdx_845_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zpQmp1C2ve1l" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_862_zZy1ii5CGOW7">New Accounting Pronouncements</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. ASU 2016-13 was subsequently amended by Accounting Standards Update 2018-19, <i>Codification Improvements to Topic 326, Financial Instruments—Credit Losses, </i>Accounting Standards Update 2019-04 <i>Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments</i>, and Accounting Standards Update 2019-05, <i>Targeted Transition Relief.</i> For public entities, ASU 2016-13 and its amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. For all other entities, this guidance and its amendments will be effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early application will be permitted for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. In November 2019, the FASB issued ASU 2019-10, “Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842)” (“ASU 2019-10”). ASU 2019-10 (i) provides a framework to stagger effective dates for future major accounting standards and (ii) amends the effective dates for certain major new accounting standards to give implementation relief to certain types of entities. Specifically, ASU 2019-10 changes some effective dates for certain new standards on the following topics in the FASB Accounting Standards Codification (ASC): (a) Derivatives and Hedging (ASC 815) – now effective for fiscal years beginning after December 15, 2020 and interim periods within fiscal years beginning after December 15, 2021; (b) Leases (ASC 842) - now effective for fiscal years beginning after December 15, 2020 and interim periods within fiscal years beginning after December 15, 2021; (c) Financial Instruments — Credit Losses (ASC 326) - now effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years; and (d) Intangibles — Goodwill and Other (ASC 350) - now effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company plans to adopt this guidance effective July 1, 2023 and the adoption of this ASU is not expected to have a material impact on its financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes. The FASB is issuing this Update as part of its initiative to reduce complexity in accounting standards (the “Simplification Initiative”). The objective of the Simplification Initiative is to identify, evaluate, and improve areas of GAAP for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The specific areas of potential simplification in this ASU were submitted by stakeholders as part of the Simplification Initiative. For public business entities, the amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company adopted this ASU on July 1, 2021 and the adoption of this ASU did not have a material impact on its financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company believes that other recent accounting pronouncement updates will not have a material effect on the Company’s unaudited condensed consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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CY2022Q2 us-gaap Inventory Work In Process
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CY2022Q2 us-gaap Accounts Receivable Gross
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q4 us-gaap Accounts Receivable Net
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CY2022Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
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SISI Advances To Suppliers Charge To Expenses
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CY2022 SISI Advances To Suppliers Charge To Expenses
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CY2022 SISI Cessation Of Subsidiaries And Disposal Of Variable Interest Entities
CessationOfSubsidiariesAndDisposalOfVariableInterestEntities
-7524110 usd
SISI Accounts Receivable Foreign Currency Translation Adjustments
AccountsReceivableForeignCurrencyTranslationAdjustments
213002 usd
CY2022 SISI Accounts Receivable Foreign Currency Translation Adjustments
AccountsReceivableForeignCurrencyTranslationAdjustments
272345 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2022Q4 us-gaap Inventory Raw Materials
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CY2022Q2 us-gaap Inventory Raw Materials
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CY2022Q4 us-gaap Inventory Valuation Reserves
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CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1249543 usd
CY2022Q4 SISI Inventory Net Including Discontinued Operation
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18184515 usd
CY2022Q2 SISI Inventory Net Including Discontinued Operation
InventoryNetIncludingDiscontinuedOperation
18718524 usd
us-gaap Inventory Write Down
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CY2022Q4 us-gaap Inventory Finished Goods
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CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1191275 usd
us-gaap Inventory Write Down
InventoryWriteDown
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CY2022Q4 us-gaap Inventory Write Down
InventoryWriteDown
221182 usd
CY2021Q4 us-gaap Inventory Write Down
InventoryWriteDown
408594 usd
CY2022Q4 SISI Gross Advances On Inventory Purchases
GrossAdvancesOnInventoryPurchases
11979135 usd
CY2022Q2 SISI Gross Advances On Inventory Purchases
GrossAdvancesOnInventoryPurchases
13548178 usd
CY2022Q4 SISI Advances To Suppliers Doubtful Accounts
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11979135 usd
CY2022Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13544627 usd
CY2022Q2 SISI Advances On Inventory Purchases Including Discontnuing Operaton
AdvancesOnInventoryPurchasesIncludingDiscontnuingOperaton
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CY2022Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13544627 usd
CY2021Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
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SISI Advances To Suppliers Charge To Expense
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CY2022 SISI Advances To Suppliers Charge To Expense
AdvancesToSuppliersChargeToExpense
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CY2022 SISI Advances To Suppliers Ceasation Of Subisiaries And Disposal Of Vie
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SISI Advances To Suppliers Foreign Currency Translation Adjustments
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CY2022 SISI Advances To Suppliers Foreign Currency Translation Adjustments
AdvancesToSuppliersForeignCurrencyTranslationAdjustments
503337 usd
CY2022Q4 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
11979135 usd
CY2022Q2 SISI Advances To Suppliers Doubtful Accounts
AdvancesToSuppliersDoubtfulAccounts
13544627 usd
CY2022Q4 SISI Loans To Third Parties
LoansToThirdParties
2072174 usd
CY2022Q2 SISI Loans To Third Parties
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16345717 usd
CY2022Q4 us-gaap Other Receivables Net Current
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CY2022Q2 us-gaap Other Receivables Net Current
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CY2022Q4 us-gaap Short Term Investments
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CY2022Q2 us-gaap Short Term Investments
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CY2022Q4 us-gaap Prepaid Expense Current
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CY2022Q2 us-gaap Prepaid Expense Current
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CY2022Q4 SISI Other Current Assets Gross
OtherCurrentAssetsGross
5212573 usd
CY2022Q2 SISI Other Current Assets Gross
OtherCurrentAssetsGross
19777143 usd
CY2022Q4 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
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CY2022Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
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CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
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CY2022Q2 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
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CY2022Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
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CY2021Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
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us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2022 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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CY2022 SISI Advances To Third Parties Ceasation Of Subisiaries And Disposal Of Vie
AdvancesToThirdPartiesCeasationOfSubisiariesAndDisposalOfVIE
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SISI Advances To Third Parties Foreign Currency Translation Adjustments
AdvancesToThirdPartiesForeignCurrencyTranslationAdjustments
199100 usd
CY2022 SISI Advances To Third Parties Foreign Currency Translation Adjustments
AdvancesToThirdPartiesForeignCurrencyTranslationAdjustments
241020 usd
CY2022Q4 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
3678932 usd
CY2022Q2 SISI Advances To Third Parties Doubtful Accounts
AdvancesToThirdPartiesDoubtfulAccounts
2545565 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q2 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3388640 usd
CY2022Q4 SISI Impairment For Property And Equipment
ImpairmentForPropertyAndEquipment
-694016 usd
CY2022Q2 SISI Impairment For Property And Equipment
ImpairmentForPropertyAndEquipment
-714802 usd
CY2022Q4 SISI Property Plant And Equipment Net Including Discontinued Operations
PropertyPlantAndEquipmentNetIncludingDiscontinuedOperations
1168891 usd
CY2022Q2 SISI Property Plant And Equipment Net Including Discontinued Operations
PropertyPlantAndEquipmentNetIncludingDiscontinuedOperations
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
214731 usd
CY2022Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2021Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Impairment Of Long Lived Assets Held For Use
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CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
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CY2022Q4 us-gaap Leasehold Improvements Gross
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CY2022Q2 us-gaap Leasehold Improvements Gross
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CY2022Q4 SISI Less Accumulated Amortization For Farmland Leasehold
LessAccumulatedAmortizationForFarmlandLeasehold
2354411 usd
CY2022Q2 SISI Less Accumulated Amortization For Farmland Leasehold
LessAccumulatedAmortizationForFarmlandLeasehold
2424927 usd
CY2022Q4 SISI Less Impairment For Farmland Leasehold Improvements
LessImpairmentForFarmlandLeaseholdImprovements
694016 usd
CY2022Q2 SISI Less Impairment For Farmland Leasehold Improvements
LessImpairmentForFarmlandLeaseholdImprovements
714802 usd
CY2022Q4 us-gaap Equity Method Investments
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700000 usd
CY2022Q4 us-gaap Long Term Investments
LongTermInvestments
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CY2022Q2 us-gaap Long Term Investments
LongTermInvestments
617446 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2022Q2 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2022Q4 us-gaap Operating Lease Liability
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CY2022Q2 us-gaap Operating Lease Liability
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SISI Schedule Of Weighted Average Remaining Lease Terms And Discount Rate Of Operating Lease
ScheduleOfWeightedAverageRemainingLeaseTermsAndDiscountRateOfOperatingLease
<p id="xdx_890_ecustom--ScheduleOfWeightedAverageRemainingLeaseTermsAndDiscountRateOfOperatingLease_zgtrccv9LGMk" style="font: 10pt Times New Roman, Times, Serif; margin: 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 December 31, 2022 and June 30, 2022:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span id="xdx_8B2_zQ7r7bGYMNGb" style="display: none">SCHEDULE OF WEIGHTED AVERAGE REMAINING LEASE TERMS AND DISCOUNT RATES FOR OPERATING LEASES</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 99%"> <tr style="vertical-align: bottom"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></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 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31,</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></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 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 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"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td colspan="2" style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Remaining lease term and discount rate:</span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 64%; text-align: left; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Weighted average remaining lease term (years)</span></td><td style="width: 2%; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 2.5pt double; width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_902_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20221231_zTJlJXKkWLc8" title="Weighted average remaining lease term (years)">9.13</span></span></td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="width: 2%; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td style="border-bottom: Black 2.5pt double; width: 14%; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_905_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtY_c20220630_zTwuLckBJkqg" title="Weighted average remaining lease term (years)">6.88</span></span></td><td style="width: 1%; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Weighted average discount rate</span></td><td style="padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_98C_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20221231_zzSJ4Tpos1a6" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average discount rate"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.37</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</span></td><td style="padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="border-bottom: Black 2.5pt double; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td><td id="xdx_989_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pid_dp_uPure_c20220630_ztdnuYZ4y7Ye" style="border-bottom: Black 2.5pt double; text-align: right" title="Weighted average discount rate"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.30</span></td><td style="padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">%</span></td></tr> </table>
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