2024 Q3 Form 10-K Financial Statement

#000149315224026267 Filed on July 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q1 2024
Revenue $396.2K $794.9K $1.584M
YoY Change -1.41% -24.67% -57.46%
Cost Of Revenue $697.6K $975.3K $2.122M
YoY Change 11.9% 5.98% -48.65%
Gross Profit -$301.3K -$180.4K -$538.3K
YoY Change 36.04% -233.64% 31.49%
Gross Profit Margin -76.05% -22.69% -33.99%
Selling, General & Admin $1.285M $2.044M $4.184M
YoY Change 9.4% 63.42% -15.26%
% of Gross Profit
Research & Development $85.51K $135.8K $334.0K
YoY Change -12.66% 126.76% -15.83%
% of Gross Profit
Depreciation & Amortization $158.5K $423.9K $812.5K
YoY Change -20.63% -66.93% -8.49%
% of Gross Profit
Operating Expenses $1.370M $2.179M $4.570M
YoY Change 4.55% 280.07% -27.24%
Operating Profit -$1.672M -$2.360M -$5.109M
YoY Change 9.1% 438.2% -23.65%
Interest Expense -$33.25K -$16.93K $27.05K
YoY Change -16725.0% -14208.33% 6662.5%
% of Operating Profit
Other Income/Expense, Net -$2.601M -$432.0K -$373.4K
YoY Change -745395.13% -14417.2% 303.58%
Pretax Income -$4.273M -$2.809M -$5.482M
YoY Change 178.9% 545.01% -19.18%
Income Tax
% Of Pretax Income
Net Earnings -$4.263M -$2.683M -$5.296M
YoY Change 178.25% 516.0% -17.19%
Net Earnings / Revenue -1075.85% -337.48% -334.43%
Basic Earnings Per Share -$0.80 -$0.01
Diluted Earnings Per Share -$0.80 -$0.65 -$0.01
COMMON SHARES
Basic Shares Outstanding 5.315M shares 1.062B shares 1.001B shares
Diluted Shares Outstanding 5.315M shares 1.001B shares

Balance Sheet

Concept 2024 Q3 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.548M $487.4K $487.4K
YoY Change 139.61% -53.62% -42.66%
Cash & Equivalents $1.279M $142.4K $142.4K
Short-Term Investments $268.9K $345.0K $345.0K
Other Short-Term Assets $2.025M $1.649M $1.649M
YoY Change 34.49% -20.93% 24.76%
Inventory $135.8K $203.8K $203.8K
Prepaid Expenses
Receivables $382.5K $500.6K $500.6K
Other Receivables $1.339M $1.415M $1.415M
Total Short-Term Assets $5.430M $4.256M $4.256M
YoY Change 62.16% -17.18% 36.5%
LONG-TERM ASSETS
Property, Plant & Equipment $5.937M $6.001M $6.086M
YoY Change -4.18% -14.15% -11.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.695M $2.510M $2.510M
YoY Change -37.54% -28.48% -12.95%
Total Long-Term Assets $7.756M $8.611M $8.611M
YoY Change -15.37% -21.08% -11.77%
TOTAL ASSETS
Total Short-Term Assets $5.430M $4.256M $4.256M
Total Long-Term Assets $7.756M $8.611M $8.611M
Total Assets $13.19M $12.87M $12.87M
YoY Change 5.37% -19.83% -0.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $826.4K $643.2K $643.2K
YoY Change 6.29% -29.21% -17.01%
Accrued Expenses $393.5K $461.8K $461.8K
YoY Change -33.42% 16.56% -13.84%
Deferred Revenue $120.7K $38.17K
YoY Change
Short-Term Debt $1.410M $1.389M $2.087M
YoY Change 317.29% -53.01% 504.86%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $33.64M $28.64M $28.64M
YoY Change 371.68% 341.21% 633.87%
LONG-TERM LIABILITIES
Long-Term Debt $987.3K $2.918M $2.918M
YoY Change -96.73% -90.6% -91.09%
Other Long-Term Liabilities $69.54K $15.50K $15.50K
YoY Change -31.15% -92.6% -87.3%
Total Long-Term Liabilities $1.057M $2.933M $2.933M
YoY Change -96.51% -90.62% -91.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $33.64M $28.64M $28.64M
Total Long-Term Liabilities $1.057M $2.933M $2.933M
Total Liabilities $34.69M $31.57M $30.53M
YoY Change -7.35% -16.37% -14.59%
SHAREHOLDERS EQUITY
Retained Earnings -$32.93M -$29.31M
YoY Change -3.83% -3.22%
Common Stock $9.536M $9.536M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$21.30M -$17.67M -$17.67M
YoY Change
Total Liabilities & Shareholders Equity $13.19M $12.87M $12.87M
YoY Change 5.37% -19.83% -0.08%

Cashflow Statement

Concept 2024 Q3 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$4.263M -$2.683M -$5.296M
YoY Change 178.25% 516.0% -17.19%
Depreciation, Depletion And Amortization $158.5K $423.9K $812.5K
YoY Change -20.63% -66.93% -8.49%
Cash From Operating Activities $170.2K -$3.022M -$1.834M
YoY Change -85.11% -16166.45% -1895.46%
INVESTING ACTIVITIES
Capital Expenditures $154.5K -$143.5K $55.45K
YoY Change 53.72% -110.53% -98.55%
Acquisitions
YoY Change
Other Investing Activities $3.300K -$99.67K $3.630K
YoY Change -97.65% -56.96% -99.84%
Cash From Investing Activities -$151.2K $43.78K -$51.82K
YoY Change -476.84% -102.75% -96.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 659.4K 3.227M $1.707M
YoY Change -147.51% 79.12% -10.75%
NET CHANGE
Cash From Operating Activities 170.2K -3.022M -$1.834M
Cash From Investing Activities -151.2K 43.78K -$51.82K
Cash From Financing Activities 659.4K 3.227M $1.707M
Net Change In Cash 678.5K 248.7K -$182.6K
YoY Change -420.26% 9.62% -147.4%
FREE CASH FLOW
Cash From Operating Activities $170.2K -$3.022M -$1.834M
Capital Expenditures $154.5K -$143.5K $55.45K
Free Cash Flow $15.73K -$2.879M -$1.889M
YoY Change -98.49% 114.32% -49.13%

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CY2024 us-gaap Depreciation And Amortization
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CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2024 SVMB Depreciation Of Rightofuse Assets
DepreciationOfRightofuseAssets
140861 usd
CY2023 SVMB Depreciation Of Rightofuse Assets
DepreciationOfRightofuseAssets
682446 usd
CY2024 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2023 us-gaap Provision For Doubtful Accounts
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CY2024 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2024 SVMB Gain Loss On Sale Of Rightofused Asset
GainLossOnSaleOfRightofusedAsset
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CY2024 us-gaap Increase Decrease In Accounts Receivable
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CY2023 us-gaap Increase Decrease In Accounts Receivable
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CY2024 us-gaap Increase Decrease In Inventories
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CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2024 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1218933 usd
CY2024 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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CY2023 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
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CY2024 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3101910 usd
CY2024 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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CY2023 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
164 usd
CY2024 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
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CY2023 us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
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CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
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CY2024 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
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CY2023 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
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CY2024 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
4357 usd
CY2023 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
50654 usd
CY2024 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-51820 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-839745 usd
CY2024 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
1462158 usd
CY2024 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
2897248 usd
CY2023 us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
6080986 usd
CY2023 us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
2658196 usd
CY2024 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
1150344 usd
CY2023 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
689925 usd
CY2024 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
3802357 usd
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
94036 usd
CY2023 us-gaap Proceeds From Contributions From Parent
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76537 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1707393 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4095216 usd
CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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131250 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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331073 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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199823 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
148505 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
331073 usd
CY2024 us-gaap Income Taxes Paid
IncomeTaxesPaid
185 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
42 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
27050 usd
CY2024 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_801_eus-gaap--NatureOfOperations_zS7NsZ35LoGd" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><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_823_zLuPZK1cTK1l">Organization and Principal Activities</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 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 0 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 0 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_906_eus-gaap--BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_c20170518__20170518__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--DirectorAndCEOMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zTcPe6cBSI43" title="Acquisition of shares">32,500,000</span> shares of common stock, representing <span id="xdx_900_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20170518__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--DirectorAndCEOMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zxx6si1LgvOj" title="Ownership interest rate">68.4</span>% ownership of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 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 0 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_90A_ecustom--RestrictedSharesTransferred_c20180319__20180319__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EngWahKungMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zYyB7NVr7gKh" 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 0 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 0 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_903_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArdenWealthAndTrustMember_zs9XSeD3Gb" title="Restricted shares transferred"><span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArdenWealthAndTrustMember_zVv4NQABspdg" title="Restricted shares transferred">16,959,684</span></span> were transferred to Arden Wealth and Trust. <span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HongLingShangMember_zEipa6yqnZrd" title="Restricted shares transferred"><span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HongLingShangMember_z0SNLlUynim9" title="Restricted shares transferred">2,000,000</span></span> shares are free trading from HongLing Shang, <span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NewReapGlobalLtdMember_zqCNjqNGrLi1" title="Restricted shares transferred"><span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NewReapGlobalLtdMember_zagdYnDiXdU8" title="Restricted shares transferred">559,684</span></span> restricted shares from New Reap Global, LTD and <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JianlongWuMember_zsZz2zgwgXTk" title="Restricted shares transferred"><span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JianlongWuMember_zwHXHpQFT7Wi" 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_90D_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180615__20180615__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EMRDGlobalHoldingsMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zEITTEJ3sN29" 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 0 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 0 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_908_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180626__20180626__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--FortressAdvisorsLLCMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_z2oX5yuA5n1d" title="Restricted shares transferred">3,000,000</span> restricted shares to FORTRESS ADVISORS, LLC and <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180626__20180626__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--BaywallIncMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zpUyqivCQPu2" title="Restricted shares transferred">3,000,000</span> to Baywall Inc.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 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 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_906_ecustom--StockPurchaseAgreementsDescription_c20201110__20201110__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementsMember_zGW0vzISSj74" 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 42,440,316 shares of common stock of the “Company, which represents approximately 68.6% 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 0 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 0 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_905_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20220608__20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember_zCKjNwHv6d36" title="Sale of common stock shares">25,095,788</span> shares of common stock of the Company, which represents approximately <span id="xdx_90D_ecustom--CommonStockIssuedAndOutstandingPercentage_iI_pid_dp_uPure_c20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember_zeiyHMZHAdkf" 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_901_eus-gaap--CommonStockValue_iI_c20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember_zVxEEN3oXOe2" title="Common stock value">250,958</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 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 0 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_907_ecustom--PercentageAcquiredIssuedAndOutstandingOnCommonStock_pid_dp_uPure_c20220608__20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ZhangYipingMember_zw8HSZy9ilU8" title="Acquired issued and outstanding, percentage">24.54</span>% and <span id="xdx_90D_ecustom--PercentageAcquiredIssuedAndOutstandingOnCommonStock_pid_dp_uPure_c20220608__20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ChenXinxinMember_zNdIE8g7NHnf" title="Acquired issued and outstanding, percentage">6.46</span>% of the issued and outstanding shares of the Company, respectively, and the remaining purchasers each acquired less than <span id="xdx_90F_ecustom--PercentageAcquiredIssuedAndOutstandingOnCommonStock_pid_dp_uPure_c20220608__20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember__srt--RangeAxis__srt--MinimumMember_zANOm4cfmUd2" title="Acquired issued and outstanding, percentage">4.99</span>% 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 style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_89A_ecustom--ScheduleOfShareAcquiredTableTextBlock_zRJQClyWJuv3" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B0_zARDEXjVP8rd" style="display: none">Schedule of Share Acquired by Purchases</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 80%; margin-left: 0.5in"> <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_zcMSwmozVwnj" 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_z7Oq06pmfwP3" 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_zXuf0RQsLlql" 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_zeH2B7uUzOu7" 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_zFI1MPCCVVl3" 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_zUTxjTrWZfYe" 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_zf7fIPguGeif" 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_zK7mBSTzcZ43" 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_zbNwrF0YA7W5" 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_98E_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20220607__20220608__srt--TitleOfIndividualAxis__custom--LiuYingMember_zzInnCFILAoe" 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_zMxqB4geEgz1" style="text-align: right" title="Ownership percentage of shares acquired">3.08</td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8A8_znLkicaMQGo1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 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_900_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20221215__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--IntellegenceParkingGroupLimitedMember_zKvkVdDWfnO5" title="Equity method investment, ownership percentage">100</span>%) of the ownership interest of Intellegence was exchanged for <span id="xdx_909_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20221215__20221215__srt--TitleOfIndividualAxis__custom--IntellegenceParkingGroupLimitedMember_zmagrskllZCi" 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 0 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 0 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, the Company will hold a total of <span id="xdx_90F_eus-gaap--CommonStockSharesOutstanding_iI_pid_c20221215__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ZhangGuoweMember_zOpuT559XmI8" title="Common stock, shares, outstanding"><span id="xdx_90D_eus-gaap--CommonStockSharesIssued_iI_pid_c20221215__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ZhangGuoweMember_zDRpiX3ozzPb" title="Common stock, shares, issued">200,000,000</span></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 0 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 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consequently, the Company 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 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 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 0 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 0 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 0 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 0 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 0 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 0 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 0 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 0 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 0 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 0 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 0 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 style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p id="xdx_895_ecustom--ScheduleOfEconomicBenefitsOwnershipPercentage_zOBghd2AgiOj" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B9_z3Q0Z5djnOk3" style="display: none">Schedule of Economic Benefits Ownership Percentage</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 93%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="text-align: center"></td><td style="text-align: center"> </td> <td style="text-align: center">Country/Place and date of</td><td style="text-align: center"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center">Percentage of direct or indirect economic benefits ownership</td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: center">Companies</td><td style="text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">incorporation/establishment</td><td style="text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">February 29, 2024</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">February 28, 2023</td><td style="text-align: center"> </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: 32%; text-align: justify">Intellegence Parking Group Limited</td><td style="width: 2%"> </td> <td style="width: 30%; text-align: justify">Cayman <span id="xdx_904_edei--EntityIncorporationDateOfIncorporation_c20230301__20240229__srt--ConsolidatedEntitiesAxis__custom--IntellegenceParkingGroupLimitedMember_zMIbt1Ne1bT" 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_98A_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_zCSOztjff7Ie" style="width: 14%; text-align: right" 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_98A_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_zHamKVkWRUAi" style="width: 14%; text-align: right" 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_903_edei--EntityIncorporationDateOfIncorporation_c20230301__20240229__srt--ConsolidatedEntitiesAxis__custom--IntellegenceParkingHongKongLimitedMember_zf2vPGIIoATf" 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_c20240229__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_zQWieXhtm901" style="text-align: right" 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_c20230228__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_ziXAhgYGpEp9" style="text-align: right" 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_904_edei--EntityIncorporationDateOfIncorporation_c20230301__20240229__srt--ConsolidatedEntitiesAxis__custom--HuixinZhiyingTechnologyMember_zAhcJ1zDdcff" title="Entity incorporation, date of incorporation">October 24, 2022</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_zuR24pm1tVG4" style="text-align: right" title="Subsidiary, ownership percentage, parent">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_zV48cHOnJzRf" style="text-align: right" 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: 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="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: 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: 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_906_edei--EntityIncorporationDateOfIncorporation_c20230301__20240229__srt--ConsolidatedEntitiesAxis__custom--ZhejiangJingboEcologicalTechnologyVIEMember_zMmE0VQLj5e5" title="Entity incorporation, date of incorporation">December 18, 2019</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyVIEMember_zqNIHo9iSMja" style="text-align: right" title="Subsidiary, ownership percentage, parent">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyVIEMember_zcuUviTg3Vye" style="text-align: right" 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_90A_edei--EntityIncorporationDateOfIncorporation_c20230301__20240229__srt--ConsolidatedEntitiesAxis__custom--HangzhouZhuyiTechnologyCoVIEMember_zTNM4Rz4t9Xb" title="Entity incorporation, date of incorporation">November 13, 2017</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoVIEMember_zOS7tjwBLFXh" style="text-align: right" title="Subsidiary, ownership percentage, parent">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoVIEMember_zLwHZPEXyvla" style="text-align: right" title="Subsidiary, ownership percentage, parent">100</td><td style="text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On March 8, 2023, the Company changed its name from Savmobi Technology, Inc. to Jingbo Technology, Inc.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On February 28, 2024, the Company changed its fiscal year from May 31 to the last day of February</p> <p id="xdx_8A2_zqTuyKCe8Zlf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024 SVMB Schedule Of Economic Benefits Ownership Percentage
ScheduleOfEconomicBenefitsOwnershipPercentage
<p id="xdx_895_ecustom--ScheduleOfEconomicBenefitsOwnershipPercentage_zOBghd2AgiOj" style="font: 10pt Times New Roman, Times, Serif; display: none; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B9_z3Q0Z5djnOk3" style="display: none">Schedule of Economic Benefits Ownership Percentage</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 93%; margin-left: 0.5in"> <tr style="vertical-align: bottom"> <td style="text-align: center"></td><td style="text-align: center"> </td> <td style="text-align: center">Country/Place and date of</td><td style="text-align: center"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; text-align: center">Percentage of direct or indirect economic benefits ownership</td><td style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; text-align: center">Companies</td><td style="text-align: center"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">incorporation/establishment</td><td style="text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">February 29, 2024</td><td style="text-align: center"> </td><td style="text-align: center"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">February 28, 2023</td><td style="text-align: center"> </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: 32%; text-align: justify">Intellegence Parking Group Limited</td><td style="width: 2%"> </td> <td style="width: 30%; text-align: justify">Cayman <span id="xdx_904_edei--EntityIncorporationDateOfIncorporation_c20230301__20240229__srt--ConsolidatedEntitiesAxis__custom--IntellegenceParkingGroupLimitedMember_zMIbt1Ne1bT" 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_98A_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_zCSOztjff7Ie" style="width: 14%; text-align: right" 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_98A_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_zHamKVkWRUAi" style="width: 14%; text-align: right" 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_903_edei--EntityIncorporationDateOfIncorporation_c20230301__20240229__srt--ConsolidatedEntitiesAxis__custom--IntellegenceParkingHongKongLimitedMember_zf2vPGIIoATf" 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_c20240229__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_zQWieXhtm901" style="text-align: right" 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_c20230228__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_ziXAhgYGpEp9" style="text-align: right" 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_904_edei--EntityIncorporationDateOfIncorporation_c20230301__20240229__srt--ConsolidatedEntitiesAxis__custom--HuixinZhiyingTechnologyMember_zAhcJ1zDdcff" title="Entity incorporation, date of incorporation">October 24, 2022</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_zuR24pm1tVG4" style="text-align: right" title="Subsidiary, ownership percentage, parent">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_zV48cHOnJzRf" style="text-align: right" 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: 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="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: 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: 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_906_edei--EntityIncorporationDateOfIncorporation_c20230301__20240229__srt--ConsolidatedEntitiesAxis__custom--ZhejiangJingboEcologicalTechnologyVIEMember_zMmE0VQLj5e5" title="Entity incorporation, date of incorporation">December 18, 2019</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyVIEMember_zqNIHo9iSMja" style="text-align: right" title="Subsidiary, ownership percentage, parent">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyVIEMember_zcuUviTg3Vye" style="text-align: right" 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_90A_edei--EntityIncorporationDateOfIncorporation_c20230301__20240229__srt--ConsolidatedEntitiesAxis__custom--HangzhouZhuyiTechnologyCoVIEMember_zTNM4Rz4t9Xb" title="Entity incorporation, date of incorporation">November 13, 2017</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoVIEMember_zOS7tjwBLFXh" style="text-align: right" title="Subsidiary, ownership percentage, parent">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_984_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoVIEMember_zLwHZPEXyvla" style="text-align: right" title="Subsidiary, ownership percentage, parent">100</td><td style="text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On March 8, 2023, the Company changed its name from Savmobi Technology, Inc. to Jingbo Technology, Inc.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">On February 28, 2024, the Company changed its fiscal year from May 31 to the last day of February</p>
CY2024 us-gaap Profit Loss
ProfitLoss
-5482077 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-18702180 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1833699 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-7107559 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-13956380 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3101910 usd
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zSeMf4cpCAGa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Use of estimates</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 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 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however, actual results could differ materially from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024 SVMB Business Combinationand Non Controlling Interests
BusinessCombinationandNonControllingInterests
<p id="xdx_844_ecustom--BusinessCombinationandNonControllingInterests_zm0p8iuTvKvk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Business Combination and Non-controlling Interests</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 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 0 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_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20221215__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SavmobTechnologyIncMember_zmfdpN9Px8ie" title="Equity method investment, ownership percentage">100</span>%) of the ownership interest of Intellegence was exchanged for <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20221215__20221215__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SavmobTechnologyIncMember_z9MeGK3j8ehl" 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 0 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 0 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 0 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 0 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_906_eus-gaap--CommonStockSharesIssued_iI_c20240229__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ZhangGuoweMember_zn4yUsnj03x8" title="Common stock, shares, issued"><span id="xdx_908_eus-gaap--CommonStockSharesOutstanding_iI_c20240229__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ZhangGuoweMember_zYBI1OdYnWEe" title="Common stock, shares, outstanding">200,000,000</span></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 0 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 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">SVMB and Intellegence consolidated the financial statements through common control. As a result, the Company measured the recognized assets and liabilities combined at their historical cost at the acquisition date. The difference between consideration paid and assets and liabilities received are presented as a component of equity and additional paid-in-capital.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zhejiang Jingbo Ecological Technology and Hangzhou Zhuyi, Linglingyi, Lingshan, Anping, Haikou, Yibin, Xide Tongpo and Taining consolidated the financial statements through acquisition.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 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 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jingbo 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 Jingbo and equity instruments issued by Jingbo. 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 0 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 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In a business combination achieved in stages, Jingbo 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 0 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 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The consolidated financial statements include the financial statements of Jingbo its subsidiaries, the VIEs and VIE’s subsidiaries for which the Company is considered the ultimate primary beneficiary for accounting purposes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 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 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A subsidiary is an entity in which the Company directly or indirectly controls more than one half of the voting power, has the power to appoint or remove the majority of the members of the board of directors, to cast a majority of notes at the meeting of the board of directors or to govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 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 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A VIE is an entity in which the Company’s subsidiary, through contractual agreements, has the power to direct activities of the VIEs that most significantly impact their economic performance, and has the right to receive economic benefits from the VIEs that could potentially be significant to them, and therefore the Company is considered the ultimate primary beneficiary of the entity for accounting purposes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 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 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All transactions and balances among the Company, its subsidiaries, the VIEs and VIEs’ subsidiaries have been eliminated upon consolidation. The results of subsidiaries and VIEs acquired or disposed of during the year are recorded in the consolidated statements of comprehensive loss from the effective dates of acquisition or up to the effective dates of disposal, as appropriate.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024 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.
CY2023 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
3340337 usd
CY2023 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
3367911 usd
CY2023 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
-893264 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9020013 usd
CY2024 us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
1142000 usd
CY2024 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
817422 usd
CY2024 us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
-348510 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8996081 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8996081 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2117844 usd
CY2023 us-gaap Depreciation
Depreciation
1087089 usd
CY2023 us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
568588 usd
CY2023 SVMB Effects Of Currency Translation
EffectsOfCurrencyTranslation
-221905 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2414440 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2414440 usd
CY2024 us-gaap Depreciation
Depreciation
812483 usd
CY2024 us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
107600 usd
CY2024 SVMB Effects Of Currency Translation
EffectsOfCurrencyTranslation
-124068 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2995255 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2995255 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6605573 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6605573 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6000826 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6000826 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
26543 usd
CY2023 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
5434 usd
CY2023 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-2718 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
29259 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
29259 usd
CY2024 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
-1078 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28181 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28181 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12090 usd
CY2023 SVMB Finitelived Intangible Assets Accumlated Depreciation
FinitelivedIntangibleAssetsAccumlatedDepreciation
1918 usd
CY2023 SVMB Finitelived Intangible Assets Accumulated Depreciation Effects Of Currency Translation
FinitelivedIntangibleAssetsAccumulatedDepreciationEffectsOfCurrencyTranslation
-1204 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12804 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
12804 usd
CY2024 SVMB Finitelived Intangible Assets Accumlated Depreciation
FinitelivedIntangibleAssetsAccumlatedDepreciation
2086 usd
CY2024 SVMB Finitelived Intangible Assets Accumulated Depreciation Effects Of Currency Translation
FinitelivedIntangibleAssetsAccumulatedDepreciationEffectsOfCurrencyTranslation
-576 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14314 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14314 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
16455 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13867 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1982 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1982 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1982 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1982 usd
CY2024Q1 SVMB Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
5939 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13867 usd
CY2022Q1 SVMB Operating Lease Right Of Use Asset Cost
OperatingLeaseRightOfUseAssetCost
1756113 usd
CY2023 SVMB Operating Lease Right Of Use Asset Cost Additions
OperatingLeaseRightOfUseAssetCostAdditions
43575 usd
CY2023 SVMB Operating Lease Write Off Asset
OperatingLeaseWriteOffAsset
418398 usd
CY2023 SVMB Operating Lease Right Of Use Asset Cost Effects Of Currency Translation
OperatingLeaseRightOfUseAssetCostEffectsOfCurrencyTranslation
-135506 usd
CY2023Q1 SVMB Operating Lease Right Of Use Asset Cost
OperatingLeaseRightOfUseAssetCost
1245784 usd
CY2024 SVMB Operating Lease Right Of Use Asset Cost Additions
OperatingLeaseRightOfUseAssetCostAdditions
40070 usd
CY2024 SVMB Operating Lease Write Off Asset
OperatingLeaseWriteOffAsset
991465 usd
CY2024 SVMB Operating Lease Right Of Use Asset Cost Effects Of Currency Translation
OperatingLeaseRightOfUseAssetCostEffectsOfCurrencyTranslation
41555 usd
CY2024Q1 SVMB Operating Lease Right Of Use Asset Cost
OperatingLeaseRightOfUseAssetCost
295874 usd
CY2022Q1 SVMB Operating Lease Right Of Use Asset Accumulated Depreciation
OperatingLeaseRightOfUseAssetAccumulatedDepreciation
908018 usd
CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
663885 usd
CY2023 SVMB Operating Lease Right Of Use Asset Amortization Write Off
OperatingLeaseRightOfUseAssetAmortizationWriteOff
418398 usd
CY2023 SVMB Operating Lease Right Of Use Asset Accumulated Depreciation Effects Of Currency Translation
OperatingLeaseRightOfUseAssetAccumulatedDepreciationEffectsOfCurrencyTranslation
-96537 usd
CY2023Q1 SVMB Operating Lease Right Of Use Asset Accumulated Depreciation
OperatingLeaseRightOfUseAssetAccumulatedDepreciation
1056968 usd
CY2024 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
133306 usd
CY2024 SVMB Operating Lease Right Of Use Asset Amortization Write Off
OperatingLeaseRightOfUseAssetAmortizationWriteOff
983334 usd
CY2024 SVMB Operating Lease Right Of Use Asset Accumulated Depreciation Effects Of Currency Translation
OperatingLeaseRightOfUseAssetAccumulatedDepreciationEffectsOfCurrencyTranslation
3393 usd
CY2024Q1 SVMB Operating Lease Right Of Use Asset Accumulated Depreciation
OperatingLeaseRightOfUseAssetAccumulatedDepreciation
210333 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
188816 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
85541 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
310753 usd
CY2023Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
213576 usd
CY2024Q1 us-gaap Deposit Liability Current
DepositLiabilityCurrent
10319 usd
CY2023Q1 us-gaap Deposit Liability Current
DepositLiabilityCurrent
9217 usd
CY2024Q1 us-gaap Loans Payable Current
LoansPayableCurrent
697446 usd
CY2023Q1 us-gaap Loans Payable Current
LoansPayableCurrent
2981052 usd
CY2024Q1 SVMB Advanced To Employees Current
AdvancedToEmployeesCurrent
70902 usd
CY2023Q1 SVMB Advanced To Employees Current
AdvancedToEmployeesCurrent
73013 usd
CY2024Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
972533 usd
CY2024Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
402351 usd
CY2023Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
547767 usd
CY2024Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2464304 usd
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
3934528 usd
CY2023Q1 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
116632 usd
CY2024 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
1462 usd
CY2024 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
4357 usd
CY2024 us-gaap Loans And Leases Receivable Related Parties Period Increase Decrease
LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease
-3564 usd
CY2024Q1 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
110173 usd
CY2022Q1 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
174936 usd
CY2023 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
3837 usd
CY2023 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
50654 usd
CY2023 us-gaap Loans And Leases Receivable Related Parties Period Increase Decrease
LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease
-7650 usd
CY2023Q1 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
116632 usd
CY2023Q1 SVMB Fund Longterm Loans To Related Parties
FundLongtermLoansToRelatedParties
1034046 usd
CY2024 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
33890967 usd
CY2024 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
11072737 usd
CY2024 SVMB Related Parties Exchange Rate Translation
RelatedPartiesExchangeRateTranslation
107668 usd
CY2024Q1 SVMB Fund Longterm Loans To Related Parties
FundLongtermLoansToRelatedParties
23959944 usd
CY2021Q1 SVMB Fund Longterm Loans To Related Parties
FundLongtermLoansToRelatedParties
484753 usd
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
689925 usd
CY2022 us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
94036 usd
CY2022 SVMB Related Parties Exchange Rate Translation
RelatedPartiesExchangeRateTranslation
-46596 usd
CY2022Q1 SVMB Fund Longterm Loans To Related Parties
FundLongtermLoansToRelatedParties
1034046 usd
CY2024 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.
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
234289035.38
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
32952046 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
234289035.38
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
21318081.01
CY2023Q1 us-gaap Debt Instrument Unamortized Premium Noncurrent
DebtInstrumentUnamortizedPremiumNoncurrent
19814872.94
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
232785827.31
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
32740623 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5482077 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-7107323 usd
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1370519 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1776831 usd
CY2024 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
28250 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
19011 usd
CY2024 SVMB Income Tax Reconciliation Income Tax Expense Benefit Deferred Tax Asset Not Recognized During Period
IncomeTaxReconciliationIncomeTaxExpenseBenefitDeferredTaxAssetNotRecognizedDuringPeriod
1342269 usd
CY2023 SVMB Income Tax Reconciliation Income Tax Expense Benefit Deferred Tax Asset Not Recognized During Period
IncomeTaxReconciliationIncomeTaxExpenseBenefitDeferredTaxAssetNotRecognizedDuringPeriod
1758056 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
236 usd
CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
3107917 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
2596691 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
50389 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
44607 usd
CY2024Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3158306 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
2641298 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3158306 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2641298 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
85541 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
80165 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15496 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
82723 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
86015 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
16384 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
83465 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
99107 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
169480 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3446 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
9433 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
95661 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
160047 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
80165 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
79817 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15496 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
80230 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
2917599 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
31053765 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
2917599 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
31053765 usd
CY2024 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.
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
234289035.38
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
32952046 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
234289035.38
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
21318081.01
CY2023Q1 us-gaap Debt Instrument Unamortized Premium Noncurrent
DebtInstrumentUnamortizedPremiumNoncurrent
19814872.94
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
232785827.31
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
32740623 usd
CY2024Q1 us-gaap Minority Interest
MinorityInterest
-1036253 usd
CY2023Q1 us-gaap Minority Interest
MinorityInterest
-842707 usd
CY2024 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.
CY2024Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0345 pure
CY2024 us-gaap Interest Expense Debt
InterestExpenseDebt
1130000 usd
CY2024Q1 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0345 pure
CY2024 us-gaap Debt Instrument Interest Rate Increase Decrease
DebtInstrumentInterestRateIncreaseDecrease
0.10 pure
CY2024 SVMB Increase Decrease In Interest Expense
IncreaseDecreaseInInterestExpense
112955 usd

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