2024 Q1 Form 10-Q Financial Statement

#000149315224002374 Filed on January 16, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q2
Revenue $794.9K $386.9K $1.180M
YoY Change -24.67%
Cost Of Revenue $975.3K $523.3K $1.128M
YoY Change 5.98% -74.9%
Gross Profit -$180.4K -$136.4K $52.40K
YoY Change -233.64% -77.14%
Gross Profit Margin -22.69% -35.26% 4.44%
Selling, General & Admin $2.044M $1.103M $2.734M
YoY Change 63.42% 4362.99% 28112.59%
% of Gross Profit 5217.18%
Research & Development $135.8K $100.3K $69.20K
YoY Change 126.76% -62.54%
% of Gross Profit 132.06%
Depreciation & Amortization $423.9K $190.5K $167.6K
YoY Change -66.93% -31.08%
% of Gross Profit 319.85%
Operating Expenses $2.179M $1.080M $2.827M
YoY Change 280.07% 4268.96% 29076.47%
Operating Profit -$2.360M -$1.216M -$2.775M
YoY Change 438.2% 95.74% 28535.71%
Interest Expense -$16.93K $9.725K $200.00
YoY Change -14208.33% 5978.13%
% of Operating Profit
Other Income/Expense, Net -$432.0K $75.10K -$18.50K
YoY Change -14417.2% -197.1%
Pretax Income -$2.809M -$1.141M -$2.793M
YoY Change 545.01% 4517.03% 28725.59%
Income Tax $200.00
% Of Pretax Income
Net Earnings -$2.683M -$1.121M -$2.466M
YoY Change 516.0% 4433.22% 25350.98%
Net Earnings / Revenue -337.48% -289.66% -208.98%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share -$0.65 $0.00 -$1.06
COMMON SHARES
Basic Shares Outstanding 1.062B shares 1.062B shares 1.062B shares
Diluted Shares Outstanding 1.062B shares 1.062B shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $487.4K $458.0K $850.0K
YoY Change -53.62%
Cash & Equivalents $142.4K $61.38K $483.7K
Short-Term Investments $345.0K $397.0K $366.0K
Other Short-Term Assets $1.649M $1.588M $1.322M
YoY Change -20.93% 3304900.0%
Inventory $203.8K $206.8K $177.0K
Prepaid Expenses
Receivables $500.6K $449.4K $409.4K
Other Receivables $1.415M $705.0K $359.0K
Total Short-Term Assets $4.256M $3.408M $3.118M
YoY Change -17.18% 8908460.0%
LONG-TERM ASSETS
Property, Plant & Equipment $6.001M $6.230M $6.582M
YoY Change -14.15% -5.38%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.510M $2.646M $2.884M
YoY Change -28.48% -18.82%
Total Long-Term Assets $8.611M $9.013M $9.759M
YoY Change -21.08%
TOTAL ASSETS
Total Short-Term Assets $4.256M $3.408M $3.118M
Total Long-Term Assets $8.611M $9.013M $9.759M
Total Assets $12.87M $12.42M $12.88M
YoY Change -19.83% 36790288.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $643.2K $900.7K $775.3K
YoY Change -29.21% 9591.16%
Accrued Expenses $461.8K $673.0K $536.0K
YoY Change 16.56%
Deferred Revenue $38.17K
YoY Change
Short-Term Debt $1.389M $1.401M
YoY Change -53.01%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.64M $9.768M $3.902M
YoY Change 341.21% 20855.74% 48670.19%
LONG-TERM LIABILITIES
Long-Term Debt $2.918M $29.12M $32.74M
YoY Change -90.6%
Other Long-Term Liabilities $15.50K $26.00K $122.0K
YoY Change -92.6%
Total Long-Term Liabilities $2.933M $29.14M $32.86M
YoY Change -90.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.64M $9.768M $3.902M
Total Long-Term Liabilities $2.933M $29.14M $32.86M
Total Liabilities $31.57M $38.91M $36.76M
YoY Change -16.37% 83384.94% 459453.51%
SHAREHOLDERS EQUITY
Retained Earnings -$29.31M -$35.36M -$32.75M
YoY Change -3.22% 11718.06% 12467.67%
Common Stock $9.536M $9.536M $9.536M
YoY Change 0.0% 3674.72% 3674.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$17.67M -$25.42M -$22.87M
YoY Change
Total Liabilities & Shareholders Equity $12.87M $12.42M $12.88M
YoY Change -19.83% 36790288.57%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q2
OPERATING ACTIVITIES
Net Income -$2.683M -$1.121M -$2.466M
YoY Change 516.0% 4433.22% 25350.98%
Depreciation, Depletion And Amortization $423.9K $190.5K $167.6K
YoY Change -66.93% -31.08%
Cash From Operating Activities -$3.022M $45.20K $129.9K
YoY Change -16166.45% -258.37% -2399.12%
INVESTING ACTIVITIES
Capital Expenditures -$143.5K $98.40K $2.454M
YoY Change -110.53% -71.63%
Acquisitions
YoY Change
Other Investing Activities -$99.67K -$37.30K $2.433M
YoY Change -56.96% -190.1%
Cash From Investing Activities $43.78K -$135.7K -$21.00K
YoY Change -102.75% -55.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.227M -131.7K 64.80K
YoY Change 79.12% -561.46% 1088.99%
NET CHANGE
Cash From Operating Activities -3.022M 45.20K 129.9K
Cash From Investing Activities 43.78K -135.7K -21.00K
Cash From Financing Activities 3.227M -131.7K 64.80K
Net Change In Cash 248.7K -222.2K 173.7K
YoY Change 9.62% -86950.0%
FREE CASH FLOW
Cash From Operating Activities -$3.022M $45.20K $129.9K
Capital Expenditures -$143.5K $98.40K $2.454M
Free Cash Flow -$2.879M -$53.20K -$2.324M
YoY Change 114.32% -85.83%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-31
dei Entity Central Index Key
EntityCentralIndexKey
0001647822
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2023Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
usd
CY2022Q4 us-gaap Interest Expense
InterestExpense
usd
us-gaap Interest Expense
InterestExpense
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
usd
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
usd
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
usd
SVMB Finite Lived Intangible Assets Disposals During Year
FiniteLivedIntangibleAssetsDisposalsDuringYear
usd
SVMB Finitelived Intangible Assets Accumulated Depreciation Disposals
FinitelivedIntangibleAssetsAccumulatedDepreciationDisposals
usd
SVMB Operating Lease Right Of Use Asset Amortization Write Off
OperatingLeaseRightOfUseAssetAmortizationWriteOff
usd
CY2023Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-11-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
333-206804
dei Entity Registrant Name
EntityRegistrantName
Savmobi Technology, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NV
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-3240707
dei Entity Address Address Line1
EntityAddressAddressLine1
Building B8
dei Entity Address Address Line2
EntityAddressAddressLine2
China Zhigu
dei Entity Address Address Line3
EntityAddressAddressLine3
Yinhu Street, Fuyang District
dei Entity Address City Or Town
EntityAddressCityOrTown
Hangzhou, Zhejiang
dei Entity Address Country
EntityAddressCountry
CN
dei City Area Code
CityAreaCode
+86
dei Local Phone Number
LocalPhoneNumber
57187197085
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
No
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
1061900000 shares
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
61381 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
483705 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1370 usd
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
10273 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
449446 usd
CY2023Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
409380 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
206787 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
177034 usd
CY2023Q4 SVMB Amounts Due From Related Parties
AmountsDueFromRelatedParties
16000 usd
CY2023Q2 SVMB Amounts Due From Related Parties
AmountsDueFromRelatedParties
16000 usd
CY2023Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2672554 usd
CY2023Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2021604 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
3407538 usd
CY2023Q2 us-gaap Assets Current
AssetsCurrent
3117996 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6229645 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6581823 usd
CY2023Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
14487 usd
CY2023Q2 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
15543 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
122621 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
277184 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2646268 usd
CY2023Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2884090 usd
CY2023Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
9013021 usd
CY2023Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
9758640 usd
CY2023Q4 us-gaap Assets
Assets
12420559 usd
CY2023Q2 us-gaap Assets
Assets
12876636 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1401345 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
900698 usd
CY2023Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
775293 usd
CY2023Q4 SVMB Advances From Customers
AdvancesFromCustomers
4126950 usd
CY2023Q2 SVMB Advances From Customers
AdvancesFromCustomers
622069 usd
CY2023Q4 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
1608082 usd
CY2023Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
1301624 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
25872 usd
CY2023Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
18737 usd
CY2023Q4 SVMB Amounts Due To Related Parties
AmountsDueToRelatedParties
1619070 usd
CY2023Q2 SVMB Amounts Due To Related Parties
AmountsDueToRelatedParties
1057721 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
85663 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
126659 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
9767680 usd
CY2023Q2 us-gaap Liabilities Current
LiabilitiesCurrent
3902103 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
29118893 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
32740623 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25759 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
121555 usd
CY2023Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
29144652 usd
CY2023Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
32862178 usd
CY2023Q4 us-gaap Liabilities
Liabilities
38912332 usd
CY2023Q2 us-gaap Liabilities
Liabilities
36764281 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000000 shares
CY2023Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1061900000 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1061900000 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1061900000 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
1061900000 shares
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
1061900 usd
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
1061900 usd
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
8474336 usd
CY2023Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
8474336 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-35364940 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-32751349 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
411772 usd
CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
344031 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
-1074841 usd
CY2023Q2 us-gaap Minority Interest
MinorityInterest
-1016563 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-26491773 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-23887645 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12420559 usd
CY2023Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
12876636 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
386855 usd
CY2022Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
691489 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
788759 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1487868 usd
CY2023Q4 us-gaap Cost Of Revenue
CostOfRevenue
523272 usd
CY2022Q4 us-gaap Cost Of Revenue
CostOfRevenue
887865 usd
us-gaap Cost Of Revenue
CostOfRevenue
1146680 usd
us-gaap Cost Of Revenue
CostOfRevenue
2084574 usd
CY2023Q4 us-gaap Gross Profit
GrossProfit
-136417 usd
CY2022Q4 us-gaap Gross Profit
GrossProfit
-196376 usd
us-gaap Gross Profit
GrossProfit
-357921 usd
us-gaap Gross Profit
GrossProfit
-596706 usd
CY2023Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
62368 usd
CY2022Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
117136 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
160853 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
300585 usd
CY2023Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1040838 usd
CY2022Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
720663 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2119238 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2323961 usd
CY2023Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
100313 usd
CY2022Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
261258 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
198219 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
267779 usd
CY2023Q4 SVMB Asset Impairment Charge
AssetImpairmentCharge
123557 usd
CY2022Q4 SVMB Asset Impairment Charge
AssetImpairmentCharge
11540 usd
SVMB Asset Impairment Charge
AssetImpairmentCharge
87448 usd
SVMB Asset Impairment Charge
AssetImpairmentCharge
11540 usd
CY2023Q4 us-gaap Operating Expenses
OperatingExpenses
1079962 usd
CY2022Q4 us-gaap Operating Expenses
OperatingExpenses
1087517 usd
us-gaap Operating Expenses
OperatingExpenses
2390862 usd
us-gaap Operating Expenses
OperatingExpenses
2880785 usd
CY2023Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1216379 usd
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-1283893 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2748783 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-3477491 usd
CY2023Q4 us-gaap Interest Income Other
InterestIncomeOther
162 usd
CY2022Q4 us-gaap Interest Income Other
InterestIncomeOther
59 usd
us-gaap Interest Income Other
InterestIncomeOther
320 usd
us-gaap Interest Income Other
InterestIncomeOther
163 usd
CY2023Q4 us-gaap Interest Expense
InterestExpense
9725 usd
us-gaap Interest Expense
InterestExpense
9725 usd
CY2023Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
84659 usd
CY2022Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-13692 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
84850 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-77337 usd
CY2023Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
75096 usd
CY2022Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-13633 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
75445 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-77174 usd
CY2023Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1141283 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1297526 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2673338 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3554665 usd
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19 usd
CY2023Q4 us-gaap Profit Loss
ProfitLoss
-1141283 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
-1297545 usd
us-gaap Profit Loss
ProfitLoss
-2673338 usd
us-gaap Profit Loss
ProfitLoss
-3554684 usd
CY2023Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-418299 usd
CY2022Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
518624 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
67684 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1182216 usd
CY2023Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-1559582 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-778921 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2605654 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2372468 usd
CY2023Q4 us-gaap Net Income Loss
NetIncomeLoss
-1120566 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
-1266866 usd
us-gaap Net Income Loss
NetIncomeLoss
-2613591 usd
us-gaap Net Income Loss
NetIncomeLoss
-3506927 usd
CY2023Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
20717 usd
CY2022Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
30679 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
59747 usd
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
47757 usd
CY2023Q4 us-gaap Profit Loss
ProfitLoss
-1141283 usd
CY2022Q4 us-gaap Profit Loss
ProfitLoss
-1297545 usd
us-gaap Profit Loss
ProfitLoss
-2673338 usd
us-gaap Profit Loss
ProfitLoss
-3554684 usd
CY2023Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1540587 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-752512 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2545850 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2337106 usd
CY2023Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-18995 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-26409 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-59804 usd
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-35362 usd
CY2023Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-1559582 usd
CY2022Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-778921 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2605654 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-2372468 usd
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.02
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.57
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.57
CY2023Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1061900000 shares
CY2023Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1061900000 shares
CY2022Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61900000 shares
CY2022Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1061900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1061900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61900000 shares
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-18433688 usd
us-gaap Profit Loss
ProfitLoss
-3554684 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
1182216 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-20806156 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-23887645 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-23887645 usd
us-gaap Profit Loss
ProfitLoss
-2673338 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent
67684 usd
SVMB Stock Issued During Period Value Disposal Of Subsidiaries
StockIssuedDuringPeriodValueDisposalOfSubsidiaries
1526 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-26491773 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-26491773 usd
us-gaap Profit Loss
ProfitLoss
-2673338 usd
us-gaap Profit Loss
ProfitLoss
-3554684 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
390716 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
604337 usd
SVMB Depreciation Of Rightofuse Assets
DepreciationOfRightofuseAssets
63313 usd
SVMB Depreciation Of Rightofuse Assets
DepreciationOfRightofuseAssets
342786 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-87448 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-40691 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
129896 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
66257 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
27247 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
602210 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
588717 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-225356 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-199216 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3897562 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2206691 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1188385 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-947514 usd
SVMB Repaid For Rightofuse Assets
RepaidForRightofuseAssets
31203 usd
SVMB Repaid For Rightofuse Assets
RepaidForRightofuseAssets
39976 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
134547 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
114618 usd
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
198902 usd
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
1049086 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
13787 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-95558 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-988231 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
563442 usd
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
120402 usd
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1389275 usd
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
1880161 usd
us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-3472271 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1519554 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2000563 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-4500 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-7952 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-431227 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
56866 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
493978 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
108787 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
62751 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
165653 usd
SVMB Interest Received
InterestReceived
320 usd
SVMB Interest Received
InterestReceived
163 usd
us-gaap Interest Paid Net
InterestPaidNet
9725 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_801_eus-gaap--NatureOfOperations_zy133MdSOW8d" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span id="Su_005"></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1.</b></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_82C_zpmDSxJJTGw2">Organization and Principal Activities</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 6, 2015, SavMobi Technology Inc. (“the Company”), was incorporated in the State of Nevada and established a fiscal year end of May 31. Initially the business platform was in providing application software to a global vendor platform to connect people to businesses and provide a new shopping experience.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 18, 2017, Lakwinder Singh Sidhu, the Company’s former Director and CEO, completed a transaction with New Reap Global Ltd., by which New Reap Global Ltd. acquired <span id="xdx_901_eus-gaap--BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_c20170517__20170518__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--DirectorAndCEOMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zgPB1WIxHHSl" title="Acquisition of shares">32,500,000</span> shares of common stock, representing <span id="xdx_904_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20170518__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--DirectorAndCEOMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zeqqa9k5dYDf" title="Ownership interest rate">68.4</span>% ownership of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 19, 2018 New Reap Global transferred <span id="xdx_90D_ecustom--RestrictedSharesTransferred_c20180318__20180319__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EngWahKungMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zH7c5bmhjYA5" title="Restricted shares transferred">250,000</span> restricted shares to Eng Wah Kung.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 10, 2018 and May 30, 2018, <span id="xdx_90B_ecustom--RestrictedSharesTransferred_c20180529__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArdenWealthAndTrustMember_zMGybJ2P6XCg" title="Restricted shares transferred"><span id="xdx_90A_ecustom--RestrictedSharesTransferred_c20180509__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArdenWealthAndTrustMember_zwnPDmYAcnKd" title="Restricted shares transferred">16,959,684</span></span> were transferred to Arden Wealth and Trust. <span id="xdx_90B_ecustom--RestrictedSharesTransferred_c20180529__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HongLingShangMember_zxTSUMpfq9O8" title="Restricted shares transferred"><span id="xdx_90C_ecustom--RestrictedSharesTransferred_c20180509__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HongLingShangMember_z361Ui6E2ua9" title="Restricted shares transferred">2,000,000</span></span> shares are free trading from HongLing Shang, <span id="xdx_906_ecustom--RestrictedSharesTransferred_c20180529__20180530__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zYavkrFsLnD3" title="Restricted shares transferred"><span id="xdx_909_ecustom--RestrictedSharesTransferred_c20180509__20180510__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zc5HzUAvI6pj" title="Restricted shares transferred">559,684</span></span> restricted shares from New Reap Global, LTD and <span id="xdx_902_ecustom--RestrictedSharesTransferred_c20180529__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JianlongWuMember_zBi9ZMbjj5nf" title="Restricted shares transferred"><span id="xdx_908_ecustom--RestrictedSharesTransferred_c20180509__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JianlongWuMember_z0vD6kt9sy9k" title="Restricted shares transferred">2,400,000</span></span> each from Xuedong Zhang, Jingmei Jiang, Qianxian, Yulan Qi, Baoxin Song, Jianlong Wu. On June 15, 2018 New Reap Global transferred <span id="xdx_90C_ecustom--RestrictedSharesTransferred_c20180614__20180615__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EMRDGlobalHoldingsMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zLo0phlN0wY5" title="Restricted shares transferred">690,316</span> restricted shares to EMRD Global Holdings.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 26, 2018 New Reap Global transferred <span id="xdx_90D_ecustom--RestrictedSharesTransferred_c20180625__20180626__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--FortressAdvisorsLLCMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zGU1PHpjf7Xb" title="Restricted shares transferred">3,000,000</span> restricted shares to FORTRESS ADVISORS, LLC and <span id="xdx_90E_ecustom--RestrictedSharesTransferred_c20180625__20180626__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--BaywallIncMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_ztzFcX7u9avk" title="Restricted shares transferred">3,000,000</span> to Baywall Inc.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90D_ecustom--StockPurchaseAgreementsDescription_c20201109__20201110__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementsMember_zPsYT9lNhfZ4" title="Stock purchase agreements description">On November 10, 2020, ten (10) shareholders of the Company, including affiliates Arden Wealth &amp; Trust (Switzerland) AG and New Reap Global Limited, entered into stock purchase agreements with an aggregate of nineteen (19) non-U.S. accredited investors to sell an aggregate of <span id="xdx_904_eus-gaap--TreasuryStockCommonShares_iI_c20201110__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementsMember_zRj6FQVnl3bg" title="Purchase of common stock">42,440,316</span> shares of common stock of the “Company, which represents approximately <span id="xdx_90F_ecustom--CommonStockIssuedAndOutstandingPercentage_iI_pid_dp_uPure_c20201110__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementsMember_zBRVk1gxKKG" title="Common stock issued and outstanding percentage">68.6</span>% of the issued and outstanding shares of common stock of the Company</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 8, 2022, three (3) shareholders of the Company, including Ma Hongyu, Ye Caiyun, and Li Wenzhe entered into stock purchase agreements with an aggregate of five (5) non-U.S. accredited investors (the “Purchase Agreements”) to sell an aggregate of <span id="xdx_900_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20220607__20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember_zwYocKJ9RHjf" title="Sale of common stock shares">25,095,788</span> shares of common stock of the Company, which represents approximately <span id="xdx_90C_ecustom--CommonStockIssuedAndOutstandingPercentage_iI_pid_dp_uPure_c20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember_zmgtCf4zV1Sk" title="Common stock issued and outstanding, percentage">40.54</span>% of the issued and outstanding shares of common stock of the Company, for consideration of $<span id="xdx_906_eus-gaap--CommonStockValue_iI_c20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember_zrh79ivYgctj" title="Common stock value">250,958</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Purchase Agreements were fully executed and delivered on June 8, 2022. Zhang Yiping and Chen Xinxin acquired approximately <span id="xdx_90C_ecustom--PercentageAcquiredIssuedAndOutstandingOnCommonStock_pid_dp_uPure_c20220607__20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ZhangYipingMember_zsvuRFdQNbU1" title="Acquired issued and outstanding, percentage">24.54</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% and <span id="xdx_908_ecustom--PercentageAcquiredIssuedAndOutstandingOnCommonStock_pid_dp_uPure_c20220607__20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ChenXinxinMember_zkZtF56svVt4" title="Acquired issued and outstanding, percentage">6.46</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% of the issued and outstanding shares of the Company, respectively, and the remaining purchasers each acquired less than <span id="xdx_901_ecustom--PercentageAcquiredIssuedAndOutstandingOnCommonStock_pid_dp_uPure_c20220607__20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember__srt--RangeAxis__srt--MinimumMember_zrdc62p6xFIk" title="Acquired issued and outstanding, percentage">4.99</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% of the issued and outstanding shares.After the change of ownership, the Company’s current principal offices is located in Building B8, China Zhigu, Yinhu Street, Fuyang District, Hangzhou, Zhejiang, China. </span></p> <p id="xdx_89A_ecustom--ScheduleOfShareAcquiredTableTextBlock_zg4WtKwUdaYa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span id="xdx_8B9_zRfc6qoysPzh" style="display: none">Schedule of Share Acquired by Purchases</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; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid">Purchasers</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_48A_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_zghDVCmqzKWg" style="border-bottom: Black 1.5pt solid; text-align: center">Shares acquired</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">%</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_41A_20220607__20220608__srt--TitleOfIndividualAxis__custom--ZhangYipingMember_zUtjqhKdX0b8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Zhang Yiping</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 16%; text-align: right">15,189,500</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_985_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20220608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ZhangYipingMember_ztmxsMYipYQ9" style="width: 16%; text-align: right" title="Ownership percentage of shares acquired">24.54</td><td style="width: 1%; text-align: left">%</td></tr> <tr id="xdx_41F_20220607__20220608__srt--TitleOfIndividualAxis__custom--ChenXinxinMember_zW88YFjx0o3e" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Chen Xinxin</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20220608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ChenXinxinMember_zHuoVTHeZL7e" style="text-align: right" title="Ownership percentage of shares acquired">6.46</td><td style="text-align: left">%</td></tr> <tr id="xdx_419_20220607__20220608__srt--TitleOfIndividualAxis__custom--WangYanfangMember_zI75iMNiBbc1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Wang Yanfang</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20220608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--WangYanfangMember_zqZggTQA81we" style="text-align: right" title="Ownership percentage of shares acquired">3.23</td><td style="text-align: left">%</td></tr> <tr id="xdx_41F_20220607__20220608__srt--TitleOfIndividualAxis__custom--LiuChenMember_zwpZPuqw8xx3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Liu Chen</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,000,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20220608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--LiuChenMember_zyoR3s7m0lEk" style="text-align: right" title="Ownership percentage of shares acquired">3.23</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Liu Ying</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20220607__20220608__srt--TitleOfIndividualAxis__custom--LiuYingMember_zVIAJvbXnE1i" style="text-align: right" title="Shares acquired">1,906,288</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20220608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--LiuYingMember_zisxANIzdf67" style="text-align: right" title="Ownership percentage of shares acquired">3.08</td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8A3_zErysK0tbzUh" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On December 15, 2022, the Company entered into a share exchange agreement (the “Share Exchange Agreement”) with Intellegence Parking Group Limited (“Intellegence”), a Cayman Island company formed on June 29, 2022, Chen Xinxin (“Xinxin”), the officer and director, and control shareholder of Intelligence and the shareholders of Intelligence (the “Shareholders”). Under the Share Exchange Agreement, One Hundred Percent (<span id="xdx_907_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20221215__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SavmobTechnologyIncMember_zUbyQCwP8t9a" title="Equity method investment, ownership percentage">100</span>%) of the ownership interest of Intellegence was exchanged for <span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20220628__20220629__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SavmobTechnologyIncMember_zw5Xd4NBQxG3" title="Number of shares issued">1,000,000,000</span> shares of common stock of SVMB issued to the Shareholders, in accordance with the Share Exchange Agreement. The former stockholders of Intellegence will acquire a majority of the issued and outstanding common stock as a result of the share exchange transaction. The transaction has been accounted for as a recapitalization of the Company, whereby Intellegence is the accounting acquirer.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Immediately after completion of such share exchange, SVMB will hold a total of <span id="xdx_900_eus-gaap--CommonStockSharesIssued_iI_c20231130__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ZhangGuoweMember_zXNZMwCA4pJc" title="Common stock, shares, issued">200,000,000</span> issued and outstanding shares of Intellegence. Zhang Guowei is the sole director of Intellegence Parking Group Limited.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consequently, SVMB has ceased to fall under the definition of shell company as define in Rule 12b-2 under the Exchange Act of 1934, as amended (the “Exchange Act”) and Intellegence is now a wholly owned subsidiary.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intellegence Parking Group Limited (“Intellegence Parking”) was incorporated on June 29, 2022 under the laws of Cayman Islands. It is controlled by Guowei Zhang, Xiujuan Chen, Hongwei Li and Chuchu Zhang. Intellegence Parking is an investment holding company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Intellegence Parking (Hong Kong) Limited (“Intellegence HK”) was incorporated on July 20, 2022 under the laws of Hong Kong SAR. Intelligence HK is a wholly subsidiary of Intellegence Parking since incorporation and it is an investment holding company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Huixin Zhiying (Hangzhou) Technology Co. (“Huixin”) was incorporated on October 24, 2022 under the laws of PRC. It is a wholly owned subsidiary of Intellegence HK since incorporation and it is an investment holding company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zhongxiang Huji Town Zhuyi Techonology Co. (“Huji”) was incorporated on August 14, 2023, which is a wholly subsidiary of Hangzhou Zhuyi. It mainly focuses on smart parking projects and smart parking mobile applications.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to the Business Operation Agreement entered into among Huixin WFOE and Zhejiang Jingbo Ecological Technology Co. between November 15 and 11, 2022, the Company obtained control over these PRC domestic companies by entering into a series of contractual arrangements with these PRC domestic companies and their respective Nominee Shareholders. These contractual agreements include power of attorney, exclusive option agreement, exclusive business cooperation agreements, equity pledge agreements, and other operating agreements. These contractual agreements can be extended at the relevant PRC subsidiaries’ options prior to the expiration date. As a result, the Company maintains the ability to control these PRC domestic companies, is entitled to substantially all of the economic benefits from these PRC domestic companies and is obligated to absorb all expected losses of these PRC domestic companies.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company consolidated its financial statements due to common control.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s major subsidiaries, VIEs and VIE’s subsidiaries are described as follows:</span> </p> <p id="xdx_895_ecustom--ScheduleOfEconomicBenefitsOwnershipPercentage_zSGmJZyMfJu7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span id="xdx_8BC_zlR8yNgDe5P5" style="display: none">Schedule of Economic Benefits Ownership Percentage</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: 92%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="text-align: center"></td><td> </td> <td style="text-align: center">Country/Place and date of</td><td> </td> <td colspan="6" style="text-align: center">Percentage of direct or indirect economic benefits ownership</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: center">Companies</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">incorporation/establishment</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center">November 30,</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">2023</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">2022</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Major Subsidiaries</td><td> </td> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 50%; text-align: justify">Intellegence Parking Group Limited</td><td style="width: 2%"> </td> <td style="width: 12%; text-align: justify">Cayman <span id="xdx_90D_edei--EntityIncorporationDateOfIncorporation_c20230601__20231130__srt--ConsolidatedEntitiesAxis__custom--IntellegenceParkingGroupLimitedMember_z5Go7xeA0dk2" title="Entity incorporation, date of incorporation">June 29, 2022</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20231130__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_z2CHKfTXU8yf" style="width: 14%; text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20221130__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_zrwyFZ38wojk" style="width: 14%; text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Intellegence Parking (Hong Kong) Limited</td><td> </td> <td style="text-align: justify">Hong Kong <span id="xdx_90D_edei--EntityIncorporationDateOfIncorporation_c20230601__20231130__srt--ConsolidatedEntitiesAxis__custom--IntellegenceParkingHongKongLimitedMember_zcljXQFsOyKd" title="Entity incorporation, date of incorporation">July 20, 2022</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20231130__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_zofNwnHvGWV" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20221130__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_zOlIBWYbEpc4" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Huixin Zhiying (Hangzhou) Technology Co.</td><td> </td> <td style="text-align: justify">PRC <span id="xdx_902_edei--EntityIncorporationDateOfIncorporation_c20230601__20231130__srt--ConsolidatedEntitiesAxis__custom--HuixinZhiyingTechnologyMember_zgNrx8ealnSl" title="Entity incorporation, date of incorporation">October 24, 2022</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20231130__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_ziNsfcChVRNa" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20221130__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_zKpcPn5qOled" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Major VIEs (Including VIE’s Subsidiaries)</td><td> </td> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Zhejiang Jingbo Ecological Technology Co.</td><td> </td> <td style="text-align: justify">PRC <span id="xdx_90F_edei--EntityIncorporationDateOfIncorporation_c20230601__20231130__srt--ConsolidatedEntitiesAxis__custom--ZhejiangJingboEcologicalTechnologyVIEMember_zei8IMAMm4ld" title="Entity incorporation, date of incorporation">December 18, 2019</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20231130__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyVIEMember_zDPFD5f5kZ3e" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20221130__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyVIEMember_zkWkblg6Lwhk" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Hangzhou Zhuyi Technology Co.</td><td> </td> <td style="text-align: justify">PRC <span id="xdx_903_edei--EntityIncorporationDateOfIncorporation_c20230601__20231130__srt--ConsolidatedEntitiesAxis__custom--HangzhouZhuyiTechnologyCoVIEMember_zP2HfnVDJc8j" title="Entity incorporation, date of incorporation">November 13, 2017</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20231130__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoVIEMember_zDtvds4B7Pb6" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20221130__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoVIEMember_zQLBJfP39y31" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td></tr> </table> <p id="xdx_8AC_z8HdZyAXuZE3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
SVMB Schedule Of Economic Benefits Ownership Percentage
ScheduleOfEconomicBenefitsOwnershipPercentage
<p id="xdx_895_ecustom--ScheduleOfEconomicBenefitsOwnershipPercentage_zSGmJZyMfJu7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span id="xdx_8BC_zlR8yNgDe5P5" style="display: none">Schedule of Economic Benefits Ownership Percentage</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: 92%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="text-align: center"></td><td> </td> <td style="text-align: center">Country/Place and date of</td><td> </td> <td colspan="6" style="text-align: center">Percentage of direct or indirect economic benefits ownership</td><td> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: center">Companies</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">incorporation/establishment</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center">November 30,</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">2023</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">2022</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Major Subsidiaries</td><td> </td> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 50%; text-align: justify">Intellegence Parking Group Limited</td><td style="width: 2%"> </td> <td style="width: 12%; text-align: justify">Cayman <span id="xdx_90D_edei--EntityIncorporationDateOfIncorporation_c20230601__20231130__srt--ConsolidatedEntitiesAxis__custom--IntellegenceParkingGroupLimitedMember_z5Go7xeA0dk2" title="Entity incorporation, date of incorporation">June 29, 2022</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_980_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20231130__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_z2CHKfTXU8yf" style="width: 14%; text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98F_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20221130__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_zrwyFZ38wojk" style="width: 14%; text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Intellegence Parking (Hong Kong) Limited</td><td> </td> <td style="text-align: justify">Hong Kong <span id="xdx_90D_edei--EntityIncorporationDateOfIncorporation_c20230601__20231130__srt--ConsolidatedEntitiesAxis__custom--IntellegenceParkingHongKongLimitedMember_zcljXQFsOyKd" title="Entity incorporation, date of incorporation">July 20, 2022</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20231130__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_zofNwnHvGWV" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20221130__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_zOlIBWYbEpc4" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Huixin Zhiying (Hangzhou) Technology Co.</td><td> </td> <td style="text-align: justify">PRC <span id="xdx_902_edei--EntityIncorporationDateOfIncorporation_c20230601__20231130__srt--ConsolidatedEntitiesAxis__custom--HuixinZhiyingTechnologyMember_zgNrx8ealnSl" title="Entity incorporation, date of incorporation">October 24, 2022</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98E_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20231130__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_ziNsfcChVRNa" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20221130__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_zKpcPn5qOled" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify"> </td><td> </td> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Major VIEs (Including VIE’s Subsidiaries)</td><td> </td> <td style="text-align: justify"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: center"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Zhejiang Jingbo Ecological Technology Co.</td><td> </td> <td style="text-align: justify">PRC <span id="xdx_90F_edei--EntityIncorporationDateOfIncorporation_c20230601__20231130__srt--ConsolidatedEntitiesAxis__custom--ZhejiangJingboEcologicalTechnologyVIEMember_zei8IMAMm4ld" title="Entity incorporation, date of incorporation">December 18, 2019</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20231130__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyVIEMember_zDPFD5f5kZ3e" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20221130__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyVIEMember_zkWkblg6Lwhk" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Hangzhou Zhuyi Technology Co.</td><td> </td> <td style="text-align: justify">PRC <span id="xdx_903_edei--EntityIncorporationDateOfIncorporation_c20230601__20231130__srt--ConsolidatedEntitiesAxis__custom--HangzhouZhuyiTechnologyCoVIEMember_zP2HfnVDJc8j" title="Entity incorporation, date of incorporation">November 13, 2017</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20231130__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoVIEMember_zDtvds4B7Pb6" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_986_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20221130__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoVIEMember_zQLBJfP39y31" style="text-align: center" title="Subsidiary, ownership percentage, parent">100%</td><td style="text-align: left"> </td></tr> </table>
us-gaap Profit Loss
ProfitLoss
-2673338 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-26491773 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-6783522 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-23887645 usd
us-gaap Depreciation
Depreciation
389726 usd
us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
21508 usd
SVMB Effects Of Currency Translation
EffectsOfCurrencyTranslation
-7569 usd
CY2023Q4 SVMB Prepayment
Prepayment
490887 usd
CY2023Q2 SVMB Prepayment
Prepayment
591277 usd
CY2023Q4 us-gaap Prepaid Rent
PrepaidRent
435869 usd
CY2023Q2 us-gaap Prepaid Rent
PrepaidRent
438256 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
397020 usd
CY2023Q2 us-gaap Deposit Assets
DepositAssets
366478 usd
CY2023Q4 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
327619 usd
CY2023Q2 us-gaap Accounts Notes And Loans Receivable Net Current
AccountsNotesAndLoansReceivableNetCurrent
342882 usd
CY2023Q4 SVMB Advances To Employees
AdvancesToEmployees
522190 usd
CY2023Q2 SVMB Advances To Employees
AdvancesToEmployees
125508 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
137942 usd
CY2023Q2 us-gaap Other Assets
OtherAssets
157164 usd
CY2023Q4 us-gaap Prepaid Taxes
PrepaidTaxes
361027 usd
CY2023Q2 us-gaap Prepaid Taxes
PrepaidTaxes
39 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2672554 usd
CY2023Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2021604 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9534924 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9534924 usd
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
198902 usd
us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
156053 usd
us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
-34378 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9543395 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9543395 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2953101 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2953101 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3313750 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3313750 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6581823 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6581823 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6229645 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6229645 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28529 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28529 usd
us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-104 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28425 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28425 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12986 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12986 usd
SVMB Finitelived Intangible Assets Accumlated Depreciation
FinitelivedIntangibleAssetsAccumlatedDepreciation
990 usd
SVMB Finitelived Intangible Assets Accumulated Depreciation Effects Of Currency Translation
FinitelivedIntangibleAssetsAccumulatedDepreciationEffectsOfCurrencyTranslation
-38 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13938 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13938 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
15543 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
14487 usd
CY2023Q2 SVMB Operating Lease Right Of Use Asset Cost
OperatingLeaseRightOfUseAssetCost
2118650 usd
SVMB Operating Lease Right Of Use Asset Cost Additions
OperatingLeaseRightOfUseAssetCostAdditions
21945 usd
SVMB Operating Lease Write Off Asset
OperatingLeaseWriteOffAsset
-110862 usd
SVMB Operating Lease Right Of Use Asset Cost Effects Of Currency Translation
OperatingLeaseRightOfUseAssetCostEffectsOfCurrencyTranslation
-8492 usd
CY2023Q4 SVMB Operating Lease Right Of Use Asset Cost
OperatingLeaseRightOfUseAssetCost
2021241 usd
CY2023Q2 SVMB Operating Lease Right Of Use Asset Accumulated Depreciation
OperatingLeaseRightOfUseAssetAccumulatedDepreciation
1841466 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
63313 usd
SVMB Operating Lease Right Of Use Asset Accumulated Depreciation Effects Of Currency Translation
OperatingLeaseRightOfUseAssetAccumulatedDepreciationEffectsOfCurrencyTranslation
-6159 usd
CY2023Q4 SVMB Operating Lease Right Of Use Asset Accumulated Depreciation
OperatingLeaseRightOfUseAssetAccumulatedDepreciation
1898620 usd
CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
277184 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
122621 usd
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
1401345 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2673338 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3554665 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
518258 usd
CY2023Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
338657 usd
CY2023Q4 us-gaap Deposit Liability Current
DepositLiabilityCurrent
96017 usd
CY2023Q2 us-gaap Deposit Liability Current
DepositLiabilityCurrent
27194 usd
CY2023Q4 us-gaap Loans Payable Current
LoansPayableCurrent
413397 usd
CY2023Q2 us-gaap Loans Payable Current
LoansPayableCurrent
344585 usd
CY2023Q4 SVMB Advanced To Employees Current
AdvancedToEmployeesCurrent
69368 usd
CY2023Q2 SVMB Advanced To Employees Current
AdvancedToEmployeesCurrent
70305 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
511042 usd
CY2023Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
520883 usd
CY2023Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
1608082 usd
CY2023Q2 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
1301624 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
29118893 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
32740623 usd
CY2023Q4 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
498266 usd
CY2023Q4 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
14305 usd
CY2023 us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
713753 usd
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
16552 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
221267008.77
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
33211152 usd
us-gaap Long Term Debt Description
LongTermDebtDescription
Zhibo extended the above contracts to September 30, 2025 when they expired in 2022. Repayments and interest expenses are not required until September 30, 2024. Interest expenses calculated on an annual rate of 3% will be paid monthly from 1 October, 2024. Principle will be fully repaid upon maturity.
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-668335 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-888666 usd
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
25669 usd
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1546 usd
SVMB Income Tax Reconciliation Income Tax Expense Benefit Deferred Tax Asset Not Recognized During Period
IncomeTaxReconciliationIncomeTaxExpenseBenefitDeferredTaxAssetNotRecognizedDuringPeriod
642666 usd
SVMB Income Tax Reconciliation Income Tax Expense Benefit Deferred Tax Asset Not Recognized During Period
IncomeTaxReconciliationIncomeTaxExpenseBenefitDeferredTaxAssetNotRecognizedDuringPeriod
887120 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
221267008.77
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
33211152 usd
us-gaap Long Term Debt Description
LongTermDebtDescription
Zhibo extended the above contracts to September 30, 2025 when they expired in 2022. Repayments and interest expenses are not required until September 30, 2024. Interest expenses calculated on an annual rate of 3% will be paid monthly from 1 October, 2024. Principle will be fully repaid upon maturity.
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
122621 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
85663 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25759 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
89062 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
136710 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
26593 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
127793 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
115655 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
264503 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
4233 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
16289 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
111422 usd
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
248214 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
85663 usd
CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
126659 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
25759 usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
121555 usd
CY2023Q4 us-gaap Minority Interest
MinorityInterest
-1074841 usd
CY2023Q2 us-gaap Minority Interest
MinorityInterest
-1016563 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.

Files In Submission

Name View Source Status
0001493152-24-002374-index-headers.html Edgar Link pending
0001493152-24-002374-index.html Edgar Link pending
0001493152-24-002374.txt Edgar Link pending
0001493152-24-002374-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
form10-q_001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
form10-q_htm.xml Edgar Link completed
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
svmb-20231130.xsd Edgar Link pending
svmb-20231130_cal.xml Edgar Link unprocessable
svmb-20231130_def.xml Edgar Link unprocessable
svmb-20231130_pre.xml Edgar Link unprocessable
svmb-20231130_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable