2024 Q2 Form 10-K Financial Statement
#000141057824000987 Filed on June 05, 2024
Income Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
Revenue | $4.448M | $6.660M | $24.83M |
YoY Change | -36.84% | -38.97% | -68.97% |
Cost Of Revenue | $3.759M | $4.097M | $19.89M |
YoY Change | -36.88% | -57.89% | -71.81% |
Gross Profit | $689.0K | $2.563M | $4.944M |
YoY Change | -36.58% | 116.73% | -47.71% |
Gross Profit Margin | 15.49% | 38.48% | 19.91% |
Selling, General & Admin | $684.6K | $1.502M | $3.756M |
YoY Change | -6.05% | -74.71% | -56.08% |
% of Gross Profit | 99.36% | 58.59% | 75.96% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $504.8K | $417.6K | $1.724M |
YoY Change | -170.91% | -5.33% | -3.15% |
% of Gross Profit | 73.26% | 16.29% | 34.86% |
Operating Expenses | $1.038M | $1.853M | $5.558M |
YoY Change | -14.82% | -75.17% | -52.0% |
Operating Profit | -$349.2K | $710.2K | -$613.9K |
YoY Change | 163.88% | -111.31% | -71.08% |
Interest Expense | -$495.5K | -$1.420M | -$2.394M |
YoY Change | -7.2% | -168.76% | -6084.0% |
% of Operating Profit | -199.87% | ||
Other Income/Expense, Net | -$3.767M | -$1.404M | -$24.55M |
YoY Change | -745.02% | -754.03% | 799.32% |
Pretax Income | -$4.116M | -$22.84M | -$25.17M |
YoY Change | -1011.33% | 470.86% | 418.53% |
Income Tax | $169.1K | $555.8K | $1.095M |
% Of Pretax Income | |||
Net Earnings | -$3.600M | -$7.915M | -$10.13M |
YoY Change | -1152.62% | 5.98% | 20.2% |
Net Earnings / Revenue | -80.93% | -118.84% | -40.79% |
Basic Earnings Per Share | $0.05 | -$0.15 | |
Diluted Earnings Per Share | $0.05 | -$0.12 | -$0.15 |
COMMON SHARES | |||
Basic Shares Outstanding | 68.69M | 68.69M | 68.69M |
Diluted Shares Outstanding | 68.69M | 68.69M |
Balance Sheet
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $42.92M | $46.96M | $46.96M |
YoY Change | 49.85% | 6.33% | 6.33% |
Cash & Equivalents | $27.71M | $23.18M | $20.45M |
Short-Term Investments | $17.42M | $26.51M | $26.51M |
Other Short-Term Assets | $91.46M | $97.76M | $97.76M |
YoY Change | -46.55% | -43.16% | -43.16% |
Inventory | |||
Prepaid Expenses | |||
Receivables | $191.1K | $553.0K | $553.0K |
Other Receivables | $16.10M | $16.20M | $19.23M |
Total Short-Term Assets | $153.7M | $164.5M | $164.5M |
YoY Change | -30.56% | -30.23% | -30.23% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $629.0K | $728.1K | $29.64M |
YoY Change | -23.21% | -27.27% | 25.19% |
Goodwill | $0.00 | ||
YoY Change | -100.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $13.01M | $13.09M | $13.73M |
YoY Change | 5.86% | 2.67% | 2.46% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $42.12M | $43.37M | $43.37M |
YoY Change | 17.32% | 13.18% | 13.18% |
TOTAL ASSETS | |||
Total Short-Term Assets | $153.7M | $164.5M | $164.5M |
Total Long-Term Assets | $42.12M | $43.37M | $43.37M |
Total Assets | $195.8M | $207.9M | $207.9M |
YoY Change | -23.88% | -24.16% | -24.16% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $20.64M | $24.89M | $24.89M |
YoY Change | -21.66% | 11.23% | 11.23% |
Accrued Expenses | $640.4K | $480.4K | $480.4K |
YoY Change | 42.8% | -20.57% | -20.57% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $1.403M | $1.412M | $1.412M |
YoY Change | 1.39% | -1.67% | -1.67% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $89.49M | $91.68M | $91.68M |
YoY Change | -24.77% | -28.53% | -28.53% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | -100.0% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $89.49M | $91.68M | $91.68M |
Total Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
Total Liabilities | $89.49M | $91.68M | $88.61M |
YoY Change | -25.11% | -29.12% | -37.85% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $91.56M | $99.17M | |
YoY Change | -15.21% | -9.27% | |
Common Stock | $8.797M | $8.797M | |
YoY Change | 0.0% | 0.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $110.8M | $119.3M | $119.3M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $195.8M | $207.9M | $207.9M |
YoY Change | -23.88% | -24.16% | -24.16% |
Cashflow Statement
Concept | 2024 Q2 | 2023 Q4 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.600M | -$7.915M | -$10.13M |
YoY Change | -1152.62% | 5.98% | 20.2% |
Depreciation, Depletion And Amortization | $504.8K | $417.6K | $1.724M |
YoY Change | -170.91% | -5.33% | -3.15% |
Cash From Operating Activities | -$622.0K | $9.504M | -$4.059M |
YoY Change | -95.29% | -188.24% | -69.19% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $17.32K | $540.00 | $6.032K |
YoY Change | 884.09% | -121.43% | -96.83% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $4.383M | -$18.59M | -$15.80M |
YoY Change | -284.03% | -161.72% | -969.81% |
Cash From Investing Activities | $4.366M | -$18.60M | -$15.80M |
YoY Change | -283.17% | -161.71% | -1071.88% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | $10.18M | ||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | -24.30M | -24.30M |
YoY Change | -100.0% | -682.59% | -202.26% |
NET CHANGE | |||
Cash From Operating Activities | -622.0K | 9.504M | -4.059M |
Cash From Investing Activities | 4.366M | -18.60M | -15.80M |
Cash From Financing Activities | 0.000 | -24.30M | -24.30M |
Net Change In Cash | 3.744M | -33.39M | -53.89M |
YoY Change | -131.9% | -241.89% | 549.29% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$622.0K | $9.504M | -$4.059M |
Capital Expenditures | $17.32K | $540.00 | $6.032K |
Free Cash Flow | -$639.3K | $9.504M | -$4.065M |
YoY Change | -95.16% | -188.25% | -69.59% |
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CY2022 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-4853387 | |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1095356 | |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
4542509 | |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-26261818 | |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-9395896 | |
CY2023 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-16130919 | |
CY2022 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-967308 | |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10130899 | |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-8428588 | |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.15 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.15 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.12 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.12 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
68691925 | |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
68691925 | |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
68691925 | |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
68691925 | |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-26261818 | |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-9395896 | |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-2284323 | |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-16547215 | |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-28546141 | |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-25943111 | |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-16279763 | |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-2223365 | |
CY2023 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-12266378 | |
CY2022 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-23719746 | |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
170621624 | |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-9395896 | |
CY2022 | srre |
Company Cancellation
CompanyCancellation
|
0 | |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
60000 | |
CY2022 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
0 | |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
16547215 | |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
144738513 | |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
144738513 | |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-26261818 | |
CY2023 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
2284323 | |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
116192372 | |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
-26261818 | |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
-9395896 | |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1723524 | |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1779670 | |
CY2023 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-34020 | |
CY2022 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-27559 | |
CY2023 | srre |
Bad Debts Recovered
BadDebtsRecovered
|
-804919 | |
CY2023 | srre |
Impairment Of Real Estate Property Under Development
ImpairmentOfRealEstatePropertyUnderDevelopment
|
19590407 | |
CY2023 | srre |
Goodwill Impairment Loss Operating Activities
GoodwillImpairmentLossOperatingActivities
|
1243194 | |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
353443 | |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
149204 | |
CY2023 | srre |
Increase Decrease In Net Cash From Directors
IncreaseDecreaseInNetCashFromDirectors
|
-1 | |
CY2022 | srre |
Increase Decrease In Net Cash From Directors
IncreaseDecreaseInNetCashFromDirectors
|
891 | |
CY2023 | srre |
Increase Decrease In Real Estate Property Under Development
IncreaseDecreaseInRealEstatePropertyUnderDevelopment
|
-10096668 | |
CY2022 | srre |
Increase Decrease In Real Estate Property Under Development
IncreaseDecreaseInRealEstatePropertyUnderDevelopment
|
-44764605 | |
CY2023 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-10893953 | |
CY2022 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-83545766 | |
CY2023 | us-gaap |
Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
|
2292261 | |
CY2022 | us-gaap |
Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
|
-29472050 | |
CY2023 | srre |
Increase Decrease In Other Receivables And Deposits
IncreaseDecreaseInOtherReceivablesAndDeposits
|
-433213 | |
CY2022 | srre |
Increase Decrease In Other Receivables And Deposits
IncreaseDecreaseInOtherReceivablesAndDeposits
|
-3330221 | |
CY2022 | srre |
Increase Decrease In Deferred Tax Assets
IncreaseDecreaseInDeferredTaxAssets
|
-808115 | |
CY2022 | us-gaap |
Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
|
-901258 | |
CY2023 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
2898312 | |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-644540 | |
CY2023 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-109135 | |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-502641 | |
CY2023 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
-968883 | |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
99955 | |
CY2023 | us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
-3419 | |
CY2022 | us-gaap |
Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
-119403 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4058654 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-13174908 | |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6032 | |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
190148 | |
CY2023 | srre |
Proceeds From Transactional Financial Assets
ProceedsFromTransactionalFinancialAssets
|
-15798715 | |
CY2022 | srre |
Proceeds From Transactional Financial Assets
ProceedsFromTransactionalFinancialAssets
|
1816348 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-15804747 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
1626200 | |
CY2023 | srre |
Proceeds From Affiliate
ProceedsFromAffiliate
|
-14118909 | |
CY2023 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
10177675 | |
CY2022 | srre |
Increase Decrease On Restricted Cash
IncreaseDecreaseOnRestrictedCash
|
-23759027 | |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-24296584 | |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
23759027 | |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-9733394 | |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-3910009 | |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-53893379 | |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-8300010 | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
77070510 | |
CY2021Q4 | srre |
Cash And Cash Equivalents Excluding Restricted Cash
CashAndCashEquivalentsExcludingRestrictedCash
|
24901044 | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
23177131 | |
CY2022Q4 | srre |
Cash And Cash Equivalents Excluding Restricted Cash
CashAndCashEquivalentsExcludingRestrictedCash
|
33201354 | |
CY2023 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
2095507 | |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
4542509 | |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1159475 | |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1485288 | |
CY2022Q4 | srre |
Foreign Exchange Currency Translation Rate
ForeignExchangeCurrencyTranslationRate
|
1 | |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in accordance 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 and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> | |
CY2023 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Concentrations of Credit Risk</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially expose the Company to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, accounts receivable, other receivables and deposits, and amount due from an unconsolidated affiliate. The Company places its cash and cash equivalents with reputable financial institutions with high credit ratings.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">The Company conducts credit evaluations of customers and generally does not require collateral or other security from customers. The Company establishes an allowance for doubtful accounts primarily based upon the age of the receivables and factors relevant to determining the credit risk of specific customers. The amount of receivables ultimately not collected by the Company has generally been consistent with management’s expectations and the allowance established for doubtful accounts.</p> | |
CY2022Q4 | srre |
Number Of Customer
NumberOfCustomer
|
0 | |
CY2023Q4 | srre |
Number Of Customer
NumberOfCustomer
|
0 | |
CY2022 | srre |
Concentration Risk Threshold Percentage
ConcentrationRiskThresholdPercentage
|
0.10 | |
CY2023 | srre |
Concentration Risk Threshold Percentage
ConcentrationRiskThresholdPercentage
|
0.10 | |
CY2023Q4 | srre |
Foreign Exchange Currency Translation Rate
ForeignExchangeCurrencyTranslationRate
|
1 | |
CY2023Q4 | srre |
Foreign Exchange Currency Translation Rate
ForeignExchangeCurrencyTranslationRate
|
7.0827 | |
CY2022Q4 | srre |
Foreign Exchange Currency Translation Rate
ForeignExchangeCurrencyTranslationRate
|
6.9646 | |
CY2023 | srre |
Impairment Of Real Estate Property Under Development
ImpairmentOfRealEstatePropertyUnderDevelopment
|
19600000 | |
CY2023Q4 | srre |
Accumulated Impairment Loss Of Real Estate Property Under Development
AccumulatedImpairmentLossOfRealEstatePropertyUnderDevelopment
|
19600000 | |
CY2023 | srre |
Real Estate Investment Property Estimated Useful Lives
RealEstateInvestmentPropertyEstimatedUsefulLives
|
20 years | |
CY2022 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
0 | |
CY2023 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
0 | |
CY2023 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
1132629 | |
CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
0 | |
CY2023 | srre |
Significant Influence Percentage Description
SignificantInfluencePercentageDescription
|
0.20 | |
CY2022 | srre |
Impairment Loss On Investments Unconsolidated Affiliates
ImpairmentLossOnInvestmentsUnconsolidatedAffiliates
|
0 | |
CY2023 | srre |
Impairment Loss On Investments Unconsolidated Affiliates
ImpairmentLossOnInvestmentsUnconsolidatedAffiliates
|
0 | |
CY2022 | srre |
Impairment Of Other Investments
ImpairmentOfOtherInvestments
|
0 | |
CY2023 | srre |
Impairment Of Other Investments
ImpairmentOfOtherInvestments
|
0 | |
CY2023Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
24885181 | |
CY2023Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
2723667 | |
CY2022Q4 | us-gaap |
Restricted Cash Current
RestrictedCashCurrent
|
43869156 | |
CY2023Q4 | us-gaap |
Deferred Rent Asset Net Current
DeferredRentAssetNetCurrent
|
719354 | |
CY2022Q4 | us-gaap |
Deferred Rent Asset Net Current
DeferredRentAssetNetCurrent
|
735860 | |
CY2023Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
48462 | |
CY2022Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
28153 | |
CY2023Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
6242218 | |
CY2022Q4 | us-gaap |
Prepaid Taxes
PrepaidTaxes
|
7783185 | |
CY2023Q4 | srre |
Other Other Receivables Current
OtherOtherReceivablesCurrent
|
2283757 | |
CY2022Q4 | srre |
Other Other Receivables Current
OtherOtherReceivablesCurrent
|
1859000 | |
CY2023Q4 | srre |
Other Receivables And Deposit Net Current
OtherReceivablesAndDepositNetCurrent
|
9321913 | |
CY2022Q4 | srre |
Other Receivables And Deposit Net Current
OtherReceivablesAndDepositNetCurrent
|
10733460 | |
CY2023Q4 | us-gaap |
Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
|
1265984 | |
CY2022Q4 | us-gaap |
Allowance For Doubtful Other Receivables Current
AllowanceForDoubtfulOtherReceivablesCurrent
|
1233179 | |
CY2023Q4 | srre |
Other Other Receivables Current
OtherOtherReceivablesCurrent
|
2283757 | |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
22372938 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3195199 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3278646 | |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2467105 | |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2277569 | |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
728094 | |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1001077 | |
CY2023Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
41123783 | |
CY2022Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
33367887 | |
CY2023Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
12213208 | |
CY2022Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
10694748 | |
CY2023Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
28910575 | |
CY2022Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
22673139 | |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1495096 | |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1495096 | |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
100289 | |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
178251 | |
CY2022 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
0 | |
CY2023 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
0 | |
CY2023Q4 | srre |
Due To Due From Officers Or Stockholders Current
DueToDueFromOfficersOrStockholdersCurrent
|
472104 | |
CY2022Q4 | srre |
Due To Due From Officers Or Stockholders Current
DueToDueFromOfficersOrStockholdersCurrent
|
480109 | |
CY2023Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
44572 | |
CY2022Q4 | us-gaap |
Accrued Bonuses Current
AccruedBonusesCurrent
|
185124 | |
CY2023Q4 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
188355 | |
CY2022Q4 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
164566 | |
CY2023Q4 | srre |
Accrued Bid Bond Current
AccruedBidBondCurrent
|
78763 | |
CY2022Q4 | srre |
Accrued Bid Bond Current
AccruedBidBondCurrent
|
90457 | |
CY2023Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
6850685 | |
CY2022Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
6954170 | |
CY2023Q4 | srre |
Dividends Payable To Non Controlling Interest Current
DividendsPayableToNonControllingInterestCurrent
|
189977 | |
CY2022Q4 | srre |
Dividends Payable To Non Controlling Interest Current
DividendsPayableToNonControllingInterestCurrent
|
193198 | |
CY2023Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
7352352 | |
CY2022Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
7587515 | |
CY2023 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
-3479331 | |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
35509699 | |
CY2023 | srre |
Income Tax Expenses
IncomeTaxExpenses
|
1095356 | |
CY2022 | srre |
Income Tax Expenses
IncomeTaxExpenses
|
5569826 | |
CY2017Q4 | srre |
Income Tax Expenses
IncomeTaxExpenses
|
0 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
|
0.315 | |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
|
-0.334 | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.000 | |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.315 | |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.1569 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
0 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
0 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
0 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
0 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
0 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
0 | |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
27919 | |
CY2023Q4 | srre |
Lessee Operating Lease Liability Payments Due Year Two To Five
LesseeOperatingLeaseLiabilityPaymentsDueYearTwoToFive
|
0 | |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
27919 | |
CY2023Q4 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q4 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q4 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
CY2023Q4 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |