$SVMB
Jingbo Technology, Inc.

2023 Q2 Form 10-Q Financial Statement

#000149315223013180 Filed on April 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q2
Revenue $1.180M $1.055M $0.00
YoY Change
Cost Of Revenue $1.128M $920.2K $0.00
YoY Change
Gross Profit $52.40K $135.0K $0.00
YoY Change
Gross Profit Margin 4.44% 12.79%
Selling, General & Admin $2.734M $1.251M $9.690K
YoY Change 28112.59% 16332.76% -61.59%
% of Gross Profit 5217.18% 926.52%
Research & Development $69.20K $59.89K
YoY Change -71.91%
% of Gross Profit 132.06% 44.37%
Depreciation & Amortization $167.6K $1.282M
YoY Change 12.26%
% of Gross Profit 319.85% 949.77%
Operating Expenses $2.827M $573.4K $9.690K
YoY Change 29076.47% 7435.4% -61.59%
Operating Profit -$2.775M -$438.5K -$9.690K
YoY Change 28535.71% 5661.8% -61.59%
Interest Expense $200.00 $120.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$18.50K $3.017K
YoY Change -164.81%
Pretax Income -$2.793M -$435.5K -$9.690K
YoY Change 28725.59% 5622.16% -61.59%
Income Tax $200.00 $20.00
% Of Pretax Income
Net Earnings -$2.466M -$435.5K -$9.690K
YoY Change 25350.98% 5622.42% -61.59%
Net Earnings / Revenue -208.98% -41.27%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share -$1.06 -$0.01 -$156.50
COMMON SHARES
Basic Shares Outstanding 1.062B shares 1.062B shares
Diluted Shares Outstanding 1.062B shares

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $850.0K $1.051M $0.00
YoY Change 525350.0% -100.0%
Cash & Equivalents $483.7K $321.3K
Short-Term Investments $366.0K $729.6K
Other Short-Term Assets $1.322M $2.086M $40.00
YoY Change 3304900.0%
Inventory $177.0K $137.3K $79.00K
Prepaid Expenses $35.00
Receivables $409.4K $733.9K $355.6K
Other Receivables $359.0K $1.131M
Total Short-Term Assets $3.118M $5.139M $35.00
YoY Change 8908460.0% 2569270.0% -95.73%
LONG-TERM ASSETS
Property, Plant & Equipment $6.582M $6.990M $6.956M
YoY Change -5.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.884M $3.510M $3.553M
YoY Change -18.82%
Total Long-Term Assets $9.759M $10.91M $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $3.118M $5.139M $35.00
Total Long-Term Assets $9.759M $10.91M $0.00
Total Assets $12.88M $16.05M $35.00
YoY Change 36790288.57% 8024284.0% -95.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $775.3K $908.6K $8.000K
YoY Change 9591.16% 23018.88% -33.33%
Accrued Expenses $536.0K $396.2K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.957M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.902M $6.490M $8.001K
YoY Change 48670.19% 8551.32% -81.08%
LONG-TERM LIABILITIES
Long-Term Debt $32.74M $31.05M $0.00
YoY Change
Other Long-Term Liabilities $122.0K $209.6K
YoY Change
Total Long-Term Liabilities $32.86M $31.26M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.902M $6.490M $8.001K
Total Long-Term Liabilities $32.86M $31.26M $0.00
Total Liabilities $36.76M $37.75M $8.000K
YoY Change 459453.51% 50217.01% -81.08%
SHAREHOLDERS EQUITY
Retained Earnings -$32.75M -$30.29M -$260.6K
YoY Change 12467.67% 19.78%
Common Stock $9.536M $9.536M $252.6K
YoY Change 3674.72% 43.46%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$22.87M -$21.01M -$7.966K
YoY Change
Total Liabilities & Shareholders Equity $12.88M $16.05M $35.00
YoY Change 36790288.57% 8024284.0% -95.73%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q2
OPERATING ACTIVITIES
Net Income -$2.466M -$435.5K -$9.690K
YoY Change 25350.98% 5622.42% -61.59%
Depreciation, Depletion And Amortization $167.6K $1.282M
YoY Change 12.26%
Cash From Operating Activities $129.9K $18.81K -$5.650K
YoY Change -2399.12% -443.88% -35.06%
INVESTING ACTIVITIES
Capital Expenditures $2.454M $1.362M
YoY Change -46.85%
Acquisitions
YoY Change
Other Investing Activities $2.433M -$231.6K
YoY Change -130.83%
Cash From Investing Activities -$21.00K -$1.594M
YoY Change -12.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 64.80K 1.802M 5.450K
YoY Change 1088.99% 34085.39% -31.88%
NET CHANGE
Cash From Operating Activities 129.9K 18.81K -5.650K
Cash From Investing Activities -21.00K -1.594M
Cash From Financing Activities 64.80K 1.802M 5.450K
Net Change In Cash 173.7K 226.8K -200.0
YoY Change -86950.0% -113520.0% -71.43%
FREE CASH FLOW
Cash From Operating Activities $129.9K $18.81K -$5.650K
Capital Expenditures $2.454M $1.362M
Free Cash Flow -$2.324M -$1.343M
YoY Change -47.69%

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CY2023Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-638445 usd
CY2022Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-1829915 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-3265365 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-19392755 usd
us-gaap Net Income Loss
NetIncomeLoss
-5225997 usd
us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
6521665 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
253151 usd
SVMB Additional Paid In Capital Capital Contribution
AdditionalPaidInCapitalCapitalContribution
20000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-17823936 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Net Income Loss
NetIncomeLoss
-3990160 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
724795 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-21699053 usd
us-gaap Net Income Loss
NetIncomeLoss
-3990160 usd
us-gaap Net Income Loss
NetIncomeLoss
-5225997 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
765174 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1141874 usd
SVMB Depreciation Of Rightofuse Assets
DepreciationOfRightofuseAssets
516741 usd
SVMB Depreciation Of Rightofuse Assets
DepreciationOfRightofuseAssets
511093 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
392964 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
123852 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
61466 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2166269 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
346182 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
96430 usd
us-gaap Increase Decrease In Payables To Customers
IncreaseDecreaseInPayablesToCustomers
839023 usd
us-gaap Increase Decrease In Payables To Customers
IncreaseDecreaseInPayablesToCustomers
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SVMB Increase Decrease In Other Current Payables
IncreaseDecreaseInOtherCurrentPayables
-91388 usd
SVMB Increase Decrease In Other Current Payables
IncreaseDecreaseInOtherCurrentPayables
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us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
4852 usd
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-7320 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
130067 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-220705 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-27804 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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SVMB Repaid For Rightofuse Assets
RepaidForRightofuseAssets
553832 usd
SVMB Repaid For Rightofuse Assets
RepaidForRightofuseAssets
170348 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
336089 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
927727 usd
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
1361981 usd
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
2562382 usd
SVMB Payments For Proceeds Of Intangible Assets
PaymentsForProceedsOfIntangibleAssets
13816 usd
SVMB Payments For Proceeds Of Intangible Assets
PaymentsForProceedsOfIntangibleAssets
-13803 usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
20000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1593540 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1811200 usd
SVMB Amount Due To Related Party
AmountDueToRelatedParty
-632211 usd
SVMB Amount Due To Related Party
AmountDueToRelatedParty
58686 usd
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
187167 usd
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
1814795 usd
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
8262916 usd
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-598825 usd
SVMB Proceeds From Paid In Capital
ProceedsFromPaidInCapital
6944130 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1848181 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14961193 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-4551 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2226 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
222286 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
63278 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
108787 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
135903 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
331073 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
199181 usd
SVMB Interest Received
InterestReceived
279 usd
SVMB Interest Received
InterestReceived
2497 usd
CY2023Q1 SVMB Advances To Employees
AdvancesToEmployees
529652 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zTNMqQOUP6ck" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_zmLXpnRavWpd">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. The management makes its best estimate of the outcome for these items based on information available when the financial statements are prepared, however, actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
SVMB Business Combinationand Non Controlling Interests
BusinessCombinationandNonControllingInterests
<p id="xdx_844_ecustom--BusinessCombinationandNonControllingInterests_z7GTW41gLQvh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86E_znXJO2qKXSr6">Business Combination and non-controlling interests</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; 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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company accounts for its business combinations using the acquisition method of accounting in accordance with ASC 805 — “Business Combinations”. The cost of an acquisition is measured as the aggregate of the acquisition date fair value of the assets transferred to the sellers, liabilities incurred by the Company and equity instruments issued by the Company. Transaction costs directly attributable to the acquisition are expensed as incurred. Identifiable assets acquired and liabilities assumed are measured separately at their fair values as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of (i) the total costs of acquisition, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the consolidated statements of comprehensive loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; 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"><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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In a business combination achieved in stages, the Company re-measures the previously held equity interest in the acquiree immediately before obtaining control at its acquisition date fair value and the re-measurement gain or loss, if any, is recognized in the consolidated statements of comprehensive loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt; 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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the Company’s majority-owned subsidiaries, non-controlling interests are recognized to reflect the portion of their equity which is not attributable, directly or indirectly, to the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q2 SVMB Advances To Employees
AdvancesToEmployees
421501 usd
CY2023Q1 us-gaap Other Assets
OtherAssets
165453 usd
CY2022Q2 us-gaap Other Assets
OtherAssets
212062 usd
CY2023Q1 us-gaap Prepaid Taxes
PrepaidTaxes
197240 usd
CY2022Q2 us-gaap Prepaid Taxes
PrepaidTaxes
100243 usd
CY2023Q1 us-gaap Property Plant And Equipment Salvage Value Percentage
PropertyPlantAndEquipmentSalvageValuePercentage
0 pure
us-gaap Lessee Finance Lease Description
LesseeFinanceLeaseDescription
As the lessee, a lease is a finance lease if any of the following conditions exists: a) ownership is transferred to the lessee by the end of the lease term, b) there is a bargain purchase option, c) the lease term is at least 75% of the asset’s estimated remaining economic life, or d) the present value of the minimum lease payments at the beginning of the lease term is 90% or more of the fair value of the leased asset to the lessor at the inception date.
CY2023Q1 SVMB Prepayment
Prepayment
1381116 usd
CY2022Q2 SVMB Prepayment
Prepayment
2874771 usd
CY2023Q1 us-gaap Deposit Assets
DepositAssets
729607 usd
CY2022Q2 us-gaap Deposit Assets
DepositAssets
653538 usd
CY2023Q1 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
917484 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3920552 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
6329690 usd
CY2023Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
989648 usd
CY2022Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
1039335 usd
CY2023Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
4424598 usd
CY2022Q2 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
4502229 usd
CY2023Q1 SVMB Vehicles
Vehicles
126455 usd
CY2022Q2 SVMB Vehicles
Vehicles
98523 usd
CY2023Q1 us-gaap Capitalized Costs Support Equipment And Facilities
CapitalizedCostsSupportEquipmentAndFacilities
3228761 usd
CY2022Q2 us-gaap Capitalized Costs Support Equipment And Facilities
CapitalizedCostsSupportEquipmentAndFacilities
3310905 usd
CY2023Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
1172031 usd
CY2022Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
363367 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9941493 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9314359 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2951602 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2357960 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6989891 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6956399 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
29259 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16100 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12804 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2818 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
16455 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13282 usd
SVMB Income Tax Reconciliation Income Tax Expense Benefit Effect Of Different Tax Rates
IncomeTaxReconciliationIncomeTaxExpenseBenefitEffectOfDifferentTaxRates
17832 usd
CY2022 SVMB Income Tax Reconciliation Income Tax Expense Benefit Effect Of Different Tax Rates
IncomeTaxReconciliationIncomeTaxExpenseBenefitEffectOfDifferentTaxRates
1721 usd
CY2022Q2 SVMB Operating Lease Right Of Use Asset Cost
OperatingLeaseRightOfUseAssetCost
2218295 usd
SVMB Operating Lease Right Of Use Asset Cost Effects Of Currency Translation
OperatingLeaseRightOfUseAssetCostEffectsOfCurrencyTranslation
-86418 usd
CY2023Q1 SVMB Operating Lease Right Of Use Asset Cost
OperatingLeaseRightOfUseAssetCost
2131877 usd
CY2022Q2 SVMB Operating Lease Right Of Use Asset Accumulated Depreciation
OperatingLeaseRightOfUseAssetAccumulatedDepreciation
1271999 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
515630 usd
SVMB Operating Lease Right Of Use Asset Accumulated Depreciation Effects Of Currency Translation
OperatingLeaseRightOfUseAssetAccumulatedDepreciationEffectsOfCurrencyTranslation
-49553 usd
CY2023Q1 SVMB Operating Lease Right Of Use Asset Accumulated Depreciation
OperatingLeaseRightOfUseAssetAccumulatedDepreciation
1738076 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
946296 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
393801 usd
SVMB Income Tax Reconciliation Income Tax Expense Benefit Deferred Tax Asset Not Recognized During Period
IncomeTaxReconciliationIncomeTaxExpenseBenefitDeferredTaxAssetNotRecognizedDuringPeriod
4987690 usd
CY2022 SVMB Income Tax Reconciliation Income Tax Expense Benefit Deferred Tax Asset Not Recognized During Period
IncomeTaxReconciliationIncomeTaxExpenseBenefitDeferredTaxAssetNotRecognizedDuringPeriod
8618604 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
393801 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
138799 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
209581 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
180862 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
283082 usd
CY2023Q1 us-gaap Deposit Liability Current
DepositLiabilityCurrent
9532 usd
CY2022Q2 us-gaap Deposit Liability Current
DepositLiabilityCurrent
9891 usd
CY2023Q1 us-gaap Loans Payable Current
LoansPayableCurrent
2956715 usd
CY2022Q2 us-gaap Loans Payable Current
LoansPayableCurrent
507388 usd
CY2023Q1 SVMB Advanced To Employees Current
AdvancedToEmployeesCurrent
76553 usd
CY2022Q2 SVMB Advanced To Employees Current
AdvancedToEmployeesCurrent
75048 usd
CY2023Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1155012 usd
CY2022Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
752324 usd
CY2023Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
4378674 usd
CY2022Q2 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
1627733 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
616620 usd
us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The Tax Act reduces the U.S. statutory corporate tax rate from 35% to 21% for our tax years beginning in 2018, which resulted in the re-measurement of the federal portion of our deferred tax assets from the 35% to 21% tax rate.
CY2018Q1 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
2000000 hkd
CY2018Q1 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
the qualifying group entity will be taxed at 8.25%, and profits above HKD 2 million will be taxed at 16.5%
CY2018Q1 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
2000000 hkd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3990121 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-6627893 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-997530 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1723721 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
592070 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
658774 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
230589 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
321294 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
822659 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
980068 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
474279 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
42520 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
348380 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
937548 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
138799 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
637110 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
209581 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
300438 usd
CY2023Q1 us-gaap Minority Interest
MinorityInterest
-685128 usd
CY2022Q2 us-gaap Minority Interest
MinorityInterest
-626651 usd
SVMB Statutory Reserve Description
StatutoryReserveDescription
Pursuant to the laws applicable to the PRC’s Foreign Investment Enterprises, the Company must make appropriations from after-tax profit to non-distributable reserve funds. Subject to certain cumulative limits, the general reserve requires annual appropriations of 10% of after-tax profits as determined under the PRC laws and regulations at each year-end until the balance reaches 50% of the PRC entity registered capital; the other reserve appropriations are at the Company’s discretion.

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