$SVMB
Jingbo Technology, Inc.

2024 Q4 Form 10-Q Financial Statement

#000149315224040937 Filed on October 11, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024 Q1
Revenue $784.2K $396.2K $794.9K
YoY Change 102.71% -1.41% -24.67%
Cost Of Revenue $841.4K $697.6K $975.3K
YoY Change 60.8% 11.9% 5.98%
Gross Profit -$57.23K -$301.3K -$180.4K
YoY Change -58.05% 36.04% -233.64%
Gross Profit Margin -7.3% -76.05% -22.69%
Selling, General & Admin $598.2K $1.285M $2.044M
YoY Change -45.78% 9.4% 63.42%
% of Gross Profit
Research & Development $110.4K $85.51K $135.8K
YoY Change 10.06% -12.66% 126.76%
% of Gross Profit
Depreciation & Amortization $158.5K $423.9K
YoY Change -20.63% -66.93%
% of Gross Profit
Operating Expenses $708.6K $1.370M $2.179M
YoY Change -34.39% 4.55% 280.07%
Operating Profit -$765.8K -$1.672M -$2.360M
YoY Change -37.04% 9.1% 438.2%
Interest Expense -$33.25K -$16.93K
YoY Change -16725.0% -14208.33%
% of Operating Profit
Other Income/Expense, Net $40.21K -$2.601M -$432.0K
YoY Change -46.46% -745395.13% -14417.2%
Pretax Income -$725.6K -$4.273M -$2.809M
YoY Change -36.42% 178.9% 545.01%
Income Tax $796.00
% Of Pretax Income
Net Earnings -$752.5K -$4.263M -$2.683M
YoY Change -32.85% 178.25% 516.0%
Net Earnings / Revenue -95.96% -1075.85% -337.48%
Basic Earnings Per Share -$0.01 -$0.80
Diluted Earnings Per Share -$0.01 -$0.80 -$0.65
COMMON SHARES
Basic Shares Outstanding 5.315M shares 5.315M shares 1.062B shares
Diluted Shares Outstanding 83.89M shares 5.315M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.548M $487.4K
YoY Change 139.61% -53.62%
Cash & Equivalents $142.0K $1.279M $142.4K
Short-Term Investments $268.9K $345.0K
Other Short-Term Assets $2.025M $1.649M
YoY Change 34.49% -20.93%
Inventory $134.4K $135.8K $203.8K
Prepaid Expenses
Receivables $347.3K $382.5K $500.6K
Other Receivables $16.36K $1.339M $1.415M
Total Short-Term Assets $6.437M $5.430M $4.256M
YoY Change 88.9% 62.16% -17.18%
LONG-TERM ASSETS
Property, Plant & Equipment $5.673M $5.937M $6.001M
YoY Change -8.93% -4.18% -14.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.680M $1.695M $2.510M
YoY Change -36.51% -37.54% -28.48%
Total Long-Term Assets $7.458M $7.756M $8.611M
YoY Change -17.26% -15.37% -21.08%
TOTAL ASSETS
Total Short-Term Assets $6.437M $5.430M $4.256M
Total Long-Term Assets $7.458M $7.756M $8.611M
Total Assets $13.89M $13.19M $12.87M
YoY Change 11.87% 5.37% -19.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $862.3K $826.4K $643.2K
YoY Change -4.27% 6.29% -29.21%
Accrued Expenses $393.5K $461.8K
YoY Change -33.42% 16.56%
Deferred Revenue $3.865M $120.7K $38.17K
YoY Change
Short-Term Debt $1.381M $1.410M $1.389M
YoY Change -1.47% 317.29% -53.01%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $34.77M $33.64M $28.64M
YoY Change 255.94% 371.68% 341.21%
LONG-TERM LIABILITIES
Long-Term Debt $987.3K $2.918M
YoY Change -96.73% -90.6%
Other Long-Term Liabilities $69.54K $15.50K
YoY Change -31.15% -92.6%
Total Long-Term Liabilities $1.032M $1.057M $2.933M
YoY Change -96.46% -96.51% -90.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $34.77M $33.64M $28.64M
Total Long-Term Liabilities $1.032M $1.057M $2.933M
Total Liabilities $35.80M $34.69M $31.57M
YoY Change -8.0% -7.35% -16.37%
SHAREHOLDERS EQUITY
Retained Earnings -$33.68M -$32.93M -$29.31M
YoY Change -4.78% -3.83% -3.22%
Common Stock $9.536M $9.536M $9.536M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$21.30M -$17.67M
YoY Change
Total Liabilities & Shareholders Equity $13.89M $13.19M $12.87M
YoY Change 11.87% 5.37% -19.83%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024 Q1
OPERATING ACTIVITIES
Net Income -$752.5K -$4.263M -$2.683M
YoY Change -32.85% 178.25% 516.0%
Depreciation, Depletion And Amortization $158.5K $423.9K
YoY Change -20.63% -66.93%
Cash From Operating Activities $170.2K -$3.022M
YoY Change -85.11% -16166.45%
INVESTING ACTIVITIES
Capital Expenditures $154.5K -$143.5K
YoY Change 53.72% -110.53%
Acquisitions
YoY Change
Other Investing Activities $3.300K -$99.67K
YoY Change -97.65% -56.96%
Cash From Investing Activities -$151.2K $43.78K
YoY Change -476.84% -102.75%
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
YoY Change -147.51% 79.12%
NET CHANGE
Cash From Operating Activities 170.2K -3.022M
Cash From Investing Activities -151.2K 43.78K
Cash From Financing Activities 659.4K 3.227M
Net Change In Cash 678.5K 248.7K
YoY Change -420.26% 9.62%
FREE CASH FLOW
Cash From Operating Activities $170.2K -$3.022M
Capital Expenditures $154.5K -$143.5K
Free Cash Flow $15.73K -$2.879M
YoY Change -98.49% 114.32%

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<p id="xdx_80D_eus-gaap--NatureOfOperations_zMFZdzDzLaHd" 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"><b>1. <span id="xdx_82C_zojEMxqETNW2">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; 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; 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; 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_905_eus-gaap--BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_pid_c20170518__20170518__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--DirectorAndCEOMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_zoNY8RlxgtZh" 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_zf9NDkJuAshb" 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; 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; 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_901_ecustom--RestrictedSharesTransferred_c20180319__20180319__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--EngWahKungMember__us-gaap--BusinessAcquisitionAxis__custom--NewReapGlobalLtdMember_z1OrNAk5LCX6" 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; 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; 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_908_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArdenWealthAndTrustMember_zAgjIHhn4iu3" title="Restricted shares transferred"><span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArdenWealthAndTrustMember_zJU98bwZP69c" title="Restricted shares transferred">16,959,684</span></span> were transferred to Arden Wealth and Trust. <span id="xdx_90C_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HongLingShangMember_zhZgXQHVCF99" title="Restricted shares transferred"><span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HongLingShangMember_zgjYksfa8zch" title="Restricted shares transferred">2,000,000</span></span> shares are free trading from HongLing Shang, <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NewReapGlobalLtdMember_zTZCU8Gbgidi" title="Restricted shares transferred"><span id="xdx_90C_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NewReapGlobalLtdMember_zLi4xr8GZIq" title="Restricted shares transferred">559,684</span></span> restricted shares from New Reap Global, LTD and <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--XuedongZhangMember_zwf9gEVZNaz5" title="Restricted shares transferred"><span id="xdx_90F_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--XuedongZhangMember_z9r5wHiCPtH" title="Restricted shares transferred"><span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JingmeiJiangMember_zlezjpXiEVJj" title="Restricted shares transferred"><span id="xdx_902_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JingmeiJiangMember_zeez9BLbfdf" title="Restricted shares transferred"><span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--QianxianMember_zEUQ6gyJjx9d" title="Restricted shares transferred"><span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--QianxianMember_zCd28quUPpMf" title="Restricted shares transferred"><span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--YulanQiMember_zbb9RkyAEq9j" title="Restricted shares transferred"><span id="xdx_902_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--YulanQiMember_zchs9L8BNTR2" title="Restricted shares transferred"><span id="xdx_908_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--BaoxinSongMember_zOQlcAsl4Fhf" title="Restricted shares transferred"><span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--BaoxinSongMember_zzmWIZF7418e" title="Restricted shares transferred"><span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180510__20180510__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JianlongWuMember_zPCUCLbhqXBh" title="Restricted shares transferred"><span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20180530__20180530__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JianlongWuMember_zB0ij3G5bpZj" title="Restricted shares transferred">2,400,000</span></span></span></span></span></span></span></span></span></span></span></span> each from Xuedong Zhang, Jingmei Jiang, Qianxian, Yulan Qi, Baoxin Song, Jianlong Wu. On June 15, 2018 New Reap Global transferred 690,316 restricted shares to EMRD Global Holdings.</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; 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_zbOJhBRa7xyl" 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_zU4Ihi5JidJ9" 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; 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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90E_ecustom--StockPurchaseAgreementsDescription_c20201110__20201110__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementsMember_zDilPsSRMJ1c" 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 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; 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_907_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20220608__20220608__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementsMember_zKe72oQCcPA2" title="Sale of common stock shares">25,095,788</span> shares of common stock of the Company, which represents approximately <span id="xdx_904_ecustom--CommonStockIssuedAndOutstandingPercentage_iI_pid_dp_uPure_c20220608__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementsMember_zsvzJOi2p8Nc" 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_907_eus-gaap--SaleOfStockConsiderationReceivedOnTransaction_c20220608__20220608__us-gaap--TypeOfArrangementAxis__custom--StockPurchaseAgreementsMember_zUSseuIdEwF6" title="Common stock consideration">250,958</span>.</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; 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_z4EVcut717R3" title="Acquired issued and outstanding, percentage">24.54</span>% and <span id="xdx_90C_ecustom--PercentageAcquiredIssuedAndOutstandingOnCommonStock_pid_dp_uPure_c20220608__20220608__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ChenXinxinMember_zlhyus5L4T4" 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_zxf7DmLRVJr9" 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 id="xdx_893_ecustom--ScheduleOfShareAcquiredTableTextBlock_zipg14JN2ro9" 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 style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BE_zhDNkIBWpqJ5" style="display: none">Schedule of Share Acquired by Purchases</span></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> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 75%; margin-right: auto"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid">Purchasers</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" id="xdx_48F_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_zGMy0emK7T01" style="border-bottom: Black 1pt solid; text-align: center">Shares acquired</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">%</td><td style="padding-bottom: 1pt"> </td></tr> <tr id="xdx_41D_20220607__20220608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ZhangYipingMember_zwpz4SJVyTU7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: left">Zhang Yiping</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 14%; 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_zsnLhNZS4zq9" style="width: 14%; text-align: right" title="Ownership percentage of shares acquired">24.54</td><td style="width: 1%; text-align: left">%</td></tr> <tr id="xdx_41B_20220607__20220608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ChenXinxinMember_zsrHH3HfVZRj" 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_zVw5KNKnTQzi" style="text-align: right" title="Ownership percentage of shares acquired">6.46</td><td style="text-align: left">%</td></tr> <tr id="xdx_410_20220607__20220608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--WangYanfangMember_zF7ZBTRtYJa" 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_zzEKxW1CeOub" style="text-align: right" title="Ownership percentage of shares acquired">3.23</td><td style="text-align: left">%</td></tr> <tr id="xdx_419_20220607__20220608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--LiuChenMember_zHFr6leLDkm" 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_z0WRoC8j2l08" 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_989_eus-gaap--StockIssuedDuringPeriodSharesAcquisitions_c20220607__20220608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--LiuYingMember_zY5e9eeWCEy5" 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_989_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20220608__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--LiuYingMember_z2RrNFRsMr88" style="text-align: right" title="Ownership percentage of shares acquired">3.08</td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8AD_zno2pQVBPX3b" 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; 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_zZXRIIxjvhDl" title="Equity method investment, ownership percentage">100</span>%) of the ownership interest of Intellegence was exchanged for <span id="xdx_907_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20221215__20221215__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--IntellegenceParkingGroupLimitedMember_z7X7P7UUAwZ8" 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 acquired 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; 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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Immediately after completion of such share exchange, the Company held a total of <span id="xdx_909_eus-gaap--CommonStockSharesIssued_iI_pid_c20221215__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ZhangGuoweMember_zsIfvO4Ve1jc" title="Common stock, shares, issued"><span id="xdx_908_eus-gaap--CommonStockSharesOutstanding_iI_pid_c20221215__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--ZhangGuoweMember_zqTmrEYXE009" 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 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; 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; 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; 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 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; 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; 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; 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; 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; 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; 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; 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., 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; 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; 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; 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; 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p id="xdx_89C_ecustom--ScheduleOfEconomicBenefitsOwnershipPercentage_znO2kSIWfIHh" 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 style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BF_zRKhmC2zTv37" style="display: none">Schedule of Economic Benefits Ownership Percentage</span></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> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: center">Country/Place and date of</td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Percentage of direct or indirect economic benefits ownership</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center">Companies</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">incorporation/establishment</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">February 29, 2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">February 28, 2023</td><td style="padding-bottom: 1pt"> </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"><span id="xdx_901_ecustom--EntityIncorporationPlaceAndDateOfIncorporation_c20230301__20240229__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_zoNEAoMJJOEe" title="Country/Place and date of incorporation/establishment">Cayman June 29, 2022</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_zzRHMUe3Ddsd" style="width: 14%; text-align: right" title="Percentage of direct or indirect economic benefits ownership">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_981_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_z0OBJgAkBYmi" style="width: 14%; text-align: right" title="Percentage of direct or indirect economic benefits ownership">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"><span id="xdx_90E_ecustom--EntityIncorporationPlaceAndDateOfIncorporation_c20230301__20240229__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_zOGRWESB7Ugb" title="Country/Place and date of incorporation/establishment">Hong Kong July 20, 2022</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_zdJUrB02NLEc" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_zvNGtM4sXAVd" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">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"><span id="xdx_90E_ecustom--EntityIncorporationPlaceAndDateOfIncorporation_c20230301__20240229__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_ztDSyrp4UaE7" title="Country/Place and date of incorporation/establishment">PRC October 24, 2022</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_zPNvXykTtcJ6" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_zsntA1tQAUr3" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">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"><span id="xdx_90F_ecustom--EntityIncorporationPlaceAndDateOfIncorporation_c20230301__20240229__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyCoMember_zZbXoIq7NqN" title="Country/Place and date of incorporation/establishment">PRC December 18, 2019</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyCoMember_zoxT8uJXQIXc" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyCoMember_zqtFszF4EH1a" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">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"><span id="xdx_909_ecustom--EntityIncorporationPlaceAndDateOfIncorporation_c20230301__20240229__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoMember_ze0HXq6WcIZ3" title="Country/Place and date of incorporation/establishment">PRC November 13, 2017</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoMember_zHMDAtIVU8Tj" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">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_c20230228__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoMember_zfUCIcv4TCyj" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">100</td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8A9_zXcMPPlMA419" 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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 8, 2023, the Company changed its name from Savmobi Technology, Inc. to Jingbo Technology, Inc by filing a certificate of amendment with the Nevada Secretary of State. On February 8, 2024, Financial Industry Regulatory Authority (“FINRA”) announced the Company’s name change.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 28, 2024, the Company changed its fiscal year from May 31 to the last day of February.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On March 14, 2024, Leshan Zhuyi Qifeng Intelligent Technology Development Co. was incorporated under the laws of PRC which is <span id="xdx_902_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20240314__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--HangzhouZhuyiMember_z868KkafAdcb" title="Equity method investment, ownership percentage">65</span>% owned by Hangzhou Zhuyi. It mainly focuses on smart parking projects.</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; 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; 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_89C_ecustom--ScheduleOfEconomicBenefitsOwnershipPercentage_znO2kSIWfIHh" 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 style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BF_zRKhmC2zTv37" style="display: none">Schedule of Economic Benefits Ownership Percentage</span></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> </td><td style="padding-bottom: 1pt"> </td> <td style="padding-bottom: 1pt; text-align: center">Country/Place and date of</td><td style="padding-bottom: 1pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; text-align: center">Percentage of direct or indirect economic benefits ownership</td><td style="padding-bottom: 1pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; text-align: center">Companies</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: center">incorporation/establishment</td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">February 29, 2024</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; text-align: center">February 28, 2023</td><td style="padding-bottom: 1pt"> </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"><span id="xdx_901_ecustom--EntityIncorporationPlaceAndDateOfIncorporation_c20230301__20240229__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_zoNEAoMJJOEe" title="Country/Place and date of incorporation/establishment">Cayman June 29, 2022</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_98D_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_zzRHMUe3Ddsd" style="width: 14%; text-align: right" title="Percentage of direct or indirect economic benefits ownership">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_981_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--IntellegenceParkingGroupLimitedMember_z0OBJgAkBYmi" style="width: 14%; text-align: right" title="Percentage of direct or indirect economic benefits ownership">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"><span id="xdx_90E_ecustom--EntityIncorporationPlaceAndDateOfIncorporation_c20230301__20240229__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_zOGRWESB7Ugb" title="Country/Place and date of incorporation/establishment">Hong Kong July 20, 2022</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_zdJUrB02NLEc" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--IntellegenceParkingHongKongLimitedMember_zvNGtM4sXAVd" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">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"><span id="xdx_90E_ecustom--EntityIncorporationPlaceAndDateOfIncorporation_c20230301__20240229__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_ztDSyrp4UaE7" title="Country/Place and date of incorporation/establishment">PRC October 24, 2022</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98A_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_zPNvXykTtcJ6" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--HuixinZhiyingTechnologyMember_zsntA1tQAUr3" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">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"><span id="xdx_90F_ecustom--EntityIncorporationPlaceAndDateOfIncorporation_c20230301__20240229__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyCoMember_zZbXoIq7NqN" title="Country/Place and date of incorporation/establishment">PRC December 18, 2019</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyCoMember_zoxT8uJXQIXc" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">100</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20230228__srt--OwnershipAxis__custom--ZhejiangJingboEcologicalTechnologyCoMember_zqtFszF4EH1a" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">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"><span id="xdx_909_ecustom--EntityIncorporationPlaceAndDateOfIncorporation_c20230301__20240229__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoMember_ze0HXq6WcIZ3" title="Country/Place and date of incorporation/establishment">PRC November 13, 2017</span></td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_dp_c20240229__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoMember_zHMDAtIVU8Tj" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">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_c20230228__srt--OwnershipAxis__custom--HangzhouZhuyiTechnologyCoMember_zfUCIcv4TCyj" style="text-align: right" title="Percentage of direct or indirect economic benefits ownership">100</td><td style="text-align: left">%</td></tr> </table>
us-gaap Profit Loss
ProfitLoss
-5477514 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-21507425 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
642133 usd
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
CY2024Q3 SVMB Advances To Employees
AdvancesToEmployees
633287 usd
CY2024Q1 SVMB Prepaid Expense And Other Assets Gross
PrepaidExpenseAndOtherAssetsGross
3439485 usd
CY2024Q3 SVMB Allowance For Doubtful Debt
AllowanceForDoubtfulDebt
148717 usd
CY2024Q1 SVMB Allowance For Doubtful Debt
AllowanceForDoubtfulDebt
146491 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3609839 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3292994 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8996081 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8996081 usd
us-gaap Property Plant And Equipment Additions
PropertyPlantAndEquipmentAdditions
450745 usd
us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
1208298 usd
us-gaap Property Plant And Equipment Transfers And Changes
PropertyPlantAndEquipmentTransfersAndChanges
140234 usd
CY2024Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8378762 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
us-gaap Depreciation
Depreciation
349320 usd
us-gaap Accumulated Depreciation Depletion And Amortization Sale Of Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1
950660 usd
SVMB Effects Of Currency Translation
EffectsOfCurrencyTranslation
48343 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2442258 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2442258 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6000826 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6000826 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5936504 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5936504 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28181 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28181 usd
us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
428 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28609 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
28609 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
SVMB Finitelived Intangible Assets Accumlated Depreciation
FinitelivedIntangibleAssetsAccumlatedDepreciation
3352 usd
SVMB Finitelived Intangible Assets Accumulated Depreciation Effects Of Currency Translation
FinitelivedIntangibleAssetsAccumulatedDepreciationEffectsOfCurrencyTranslation
201 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17867 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
17867 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13867 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10742 usd
CY2024Q1 SVMB Operating Lease Right Of Use Asset Cost
OperatingLeaseRightOfUseAssetCost
295874 usd
SVMB Operating Lease Right Of Use Asset Cost Additions
OperatingLeaseRightOfUseAssetCostAdditions
65658 usd
SVMB Operating Lease Write Off Asset
OperatingLeaseWriteOffAsset
-22402 usd
SVMB Operating Lease Right Of Use Asset Cost Effects Of Currency Translation
OperatingLeaseRightOfUseAssetCostEffectsOfCurrencyTranslation
4291 usd
CY2024Q3 SVMB Operating Lease Right Of Use Asset Cost
OperatingLeaseRightOfUseAssetCost
343421 usd
CY2024Q1 SVMB Operating Lease Right Of Use Asset Accumulated Depreciation
OperatingLeaseRightOfUseAssetAccumulatedDepreciation
210333 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
32323 usd
SVMB Operating Lease Right Of Use Asset Amortization Write Off
OperatingLeaseRightOfUseAssetAmortizationWriteOff
-15879 usd
SVMB Operating Lease Right Of Use Asset Accumulated Depreciation Effects Of Currency Translation
OperatingLeaseRightOfUseAssetAccumulatedDepreciationEffectsOfCurrencyTranslation
3274 usd
CY2024Q3 SVMB Operating Lease Right Of Use Asset Accumulated Depreciation
OperatingLeaseRightOfUseAssetAccumulatedDepreciation
230051 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
85541 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
113370 usd
SVMB Right Of Use Assets Description
RightOfUseAssetsDescription
Right of use assets consisted of 6 contracts renting offices, warehouses and parking lots. Contracted terms ranged from two to fifteen years with the earliest start date being January 1, 2020.
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
347640 usd
CY2024Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
310753 usd
CY2024Q3 us-gaap Deposit Liability Current
DepositLiabilityCurrent
9013 usd
CY2024Q1 us-gaap Deposit Liability Current
DepositLiabilityCurrent
10319 usd
CY2024Q3 us-gaap Loans Payable Current
LoansPayableCurrent
309119 usd
CY2024Q1 us-gaap Loans Payable Current
LoansPayableCurrent
697446 usd
CY2024Q1 SVMB Advanced To Employees Current
AdvancedToEmployeesCurrent
70902 usd
CY2024Q3 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
2961918 usd
CY2024Q1 us-gaap Customer Refund Liability Current
CustomerRefundLiabilityCurrent
972533 usd
CY2024Q3 us-gaap Other Liabilities
OtherLiabilities
3230563 usd
CY2024Q1 us-gaap Other Liabilities
OtherLiabilities
402351 usd
CY2024Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
6858253 usd
CY2024Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
2464304 usd
CY2024Q1 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
110173 usd
us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
2126 usd
us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
98184 usd
us-gaap Loans And Leases Receivable Related Parties Period Increase Decrease
LoansAndLeasesReceivableRelatedPartiesPeriodIncreaseDecrease
1885 usd
CY2024Q3 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
16000 usd
CY2024Q1 SVMB Fund Longterm Loans To Related Parties
FundLongtermLoansToRelatedParties
23959944 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
276000 usd
us-gaap Repayment Of Notes Receivable From Related Parties
RepaymentOfNotesReceivableFromRelatedParties
257579 usd
SVMB Related Parties Exchange Rate Translation
RelatedPartiesExchangeRateTranslation
347742 usd
CY2024Q3 SVMB Fund Longterm Loans To Related Parties
FundLongtermLoansToRelatedParties
24326108 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.
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
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.25 pure
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5477500 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-3297541 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-1369375 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-824385 usd
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
11772 usd
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
21179 usd
SVMB Income Tax Reconciliation Income Tax Expense Benefit Deferred Tax Asset Not Recognized During Period
IncomeTaxReconciliationIncomeTaxExpenseBenefitDeferredTaxAssetNotRecognizedDuringPeriod
1357617 usd
SVMB Income Tax Reconciliation Income Tax Expense Benefit Deferred Tax Asset Not Recognized During Period
IncomeTaxReconciliationIncomeTaxExpenseBenefitDeferredTaxAssetNotRecognizedDuringPeriod
803206 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14 usd
CY2024Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
3614325 usd
CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
3107917 usd
CY2024Q3 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
51155 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
50389 usd
CY2024Q3 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3665480 usd
CY2024Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
3158306 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3665480 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3158306 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
113370 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
45868 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
69544 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
49369 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
82723 usd
CY2024Q3 SVMB Lessee Operating Lease Liability Payments Due Year One To Five
LesseeOperatingLeaseLiabilityPaymentsDueYearOneToFive
35873 usd
CY2024Q1 SVMB Lessee Operating Lease Liability Payments Due Year One To Five
LesseeOperatingLeaseLiabilityPaymentsDueYearOneToFive
16384 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
50776 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
136018 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
99107 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
20606 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3446 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
115412 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
95661 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
45868 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
80165 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
69544 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
15496 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
987306 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
2917599 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
-202931 usd
CY2024Q1 us-gaap Minority Interest
MinorityInterest
-1036253 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.
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
50000000 shares

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