2022 Q4 Form 20-F Financial Statement

#000149315223013554 Filed on April 25, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $13.70M $24.23M $18.42M
YoY Change -25.64% -2.47% 151.46%
Cost Of Revenue $10.17M $17.00M $11.22M
YoY Change -9.36% 9.68% 131.32%
Gross Profit $3.530M $7.230M $7.204M
YoY Change -51.0% -22.61% 190.89%
Gross Profit Margin 25.77% 29.83% 39.11%
Selling, General & Admin $1.607M $6.789M -$222.8K
YoY Change -821.56% -50.0% -102.18%
% of Gross Profit 45.53% 93.9% -3.09%
Research & Development $1.556M $3.607M $2.219M
YoY Change -29.87% -19.48% 6.35%
% of Gross Profit 44.08% 49.88% 30.8%
Depreciation & Amortization $3.216M $7.236M $991.8K
YoY Change 224.22% 95.31% -47.09%
% of Gross Profit 91.09% 100.08% 13.77%
Operating Expenses $3.163M $10.40M $1.996M
YoY Change 58.49% -42.43% -83.77%
Operating Profit $366.9K -$3.166M $5.208M
YoY Change -92.96% -63.67% -153.02%
Interest Expense -$214.9K $556.4K -$681.1K
YoY Change -68.45% -132.01% 8.9%
% of Operating Profit -58.57% -13.08%
Other Income/Expense, Net $1.332M $3.202M $17.23K
YoY Change 7629.31% 501.29% -69.43%
Pretax Income $1.484M -$512.5K $4.545M
YoY Change -67.35% -94.83% -143.73%
Income Tax $65.59K $69.87K $4.450K
% Of Pretax Income 4.42% 0.1%
Net Earnings -$5.081M -$7.082M $4.173M
YoY Change -221.75% -28.65% -141.66%
Net Earnings / Revenue -37.1% -29.22% 22.66%
Basic Earnings Per Share -$0.45
Diluted Earnings Per Share -$0.32 -$0.45 $275.2K
COMMON SHARES
Basic Shares Outstanding 15.60M shares 15.58M shares
Diluted Shares Outstanding 15.58M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.015M $1.015M $4.531M
YoY Change -77.61% -77.61% 413.3%
Cash & Equivalents $1.000M $1.015M $4.531M
Short-Term Investments
Other Short-Term Assets $1.554M $2.881M $2.344M
YoY Change -33.68% 22.91% 505.37%
Inventory $356.4K $356.4K $542.4K
Prepaid Expenses $67.13K
Receivables $9.201M $9.293M $7.110M
Other Receivables $5.851M $5.851M $6.541M
Total Short-Term Assets $19.40M $19.40M $21.07M
YoY Change -7.94% -7.94% 69.5%
LONG-TERM ASSETS
Property, Plant & Equipment $7.834M $7.883M $22.46M
YoY Change -65.12% -64.9% 106.96%
Goodwill $58.92K
YoY Change
Intangibles
YoY Change
Long-Term Investments $87.73K $95.97K $679.8K
YoY Change -87.09% -85.88% 2122.33%
Other Assets $1.776M $1.776M $2.949M
YoY Change -39.79% -39.79% -31.46%
Total Long-Term Assets $9.813M $9.813M $26.09M
YoY Change -62.38% -62.38% 42.19%
TOTAL ASSETS
Total Short-Term Assets $19.40M $19.40M $21.07M
Total Long-Term Assets $9.813M $9.813M $26.09M
Total Assets $29.21M $29.21M $47.16M
YoY Change -38.06% -38.06% 53.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.287M $2.287M $9.873M
YoY Change -76.83% -76.83% -33.86%
Accrued Expenses $4.934M $4.934M $689.5K
YoY Change 615.63% 615.63% 8.47%
Deferred Revenue $622.6K $458.2K
YoY Change 35.89%
Short-Term Debt $7.204M $7.204M $7.792M
YoY Change -7.55% -7.55% 5.43%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $19.57M $19.57M $27.34M
YoY Change -28.42% -28.42% -8.25%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $20.37K $20.37K $561.8K
YoY Change -96.37% -96.37%
Total Long-Term Liabilities $20.37K $20.37K $561.8K
YoY Change -96.37% -96.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.57M $19.57M $27.34M
Total Long-Term Liabilities $20.37K $20.37K $561.8K
Total Liabilities $19.59M $19.59M $27.90M
YoY Change -29.79% -29.79% -27.41%
SHAREHOLDERS EQUITY
Retained Earnings -$208.1M -$202.1M
YoY Change 2.93%
Common Stock $183.9M $183.5M
YoY Change 0.17%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.617M $9.617M $19.25M
YoY Change
Total Liabilities & Shareholders Equity $29.21M $29.21M $47.16M
YoY Change -38.06% -38.06% 53.22%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$5.081M -$7.082M $4.173M
YoY Change -221.75% -28.65% -141.66%
Depreciation, Depletion And Amortization $3.216M $7.236M $991.8K
YoY Change 224.22% 95.31% -47.09%
Cash From Operating Activities -$3.902M -$9.036M $178.6K
YoY Change -2284.5% -44.05% -129.48%
INVESTING ACTIVITIES
Capital Expenditures -$305.6K $1.793M -$10.52M
YoY Change -97.1% -115.88% 593.34%
Acquisitions
YoY Change
Other Investing Activities $2.006M $6.104M -$3.562M
YoY Change -156.32% -325.54% 3168.21%
Cash From Investing Activities $2.312M $4.311M -$14.09M
YoY Change -116.41% -130.79% 765.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $15.25M
YoY Change 2549.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 161.8K $22.72K 17.20M
YoY Change -99.06% -99.93% 509.99%
NET CHANGE
Cash From Operating Activities -3.902M -$9.036M 178.6K
Cash From Investing Activities 2.312M $4.311M -14.09M
Cash From Financing Activities 161.8K $22.72K 17.20M
Net Change In Cash -1.428M -$3.508M 3.294M
YoY Change -143.35% -221.87% 460.96%
FREE CASH FLOW
Cash From Operating Activities -$3.902M -$9.036M $178.6K
Capital Expenditures -$305.6K $1.793M -$10.52M
Free Cash Flow -$3.596M -$10.83M $10.70M
YoY Change -133.6% 123.03% 1073.57%

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CY2021 TAOP Stock Issued During Dissolve Of Variable Interest Entity And Common Stock Value Issued For Acquisition Of Wholly Owned Subsidiary
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CY2022 TAOP Provision For Obsolete Inventories
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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 TAOP Proceeds From Sales Of Cryptocurrencies
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CY2021 TAOP Proceeds From Sales Of Cryptocurrencies
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CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
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CY2021 TAOP Consideration Paid For Acquisition
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CY2022 us-gaap Proceeds From Short Term Debt
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CY2022 us-gaap Repayments Of Short Term Debt
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CY2020 us-gaap Proceeds From Convertible Debt
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CY2021 us-gaap Proceeds From Issuance Of Private Placement
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CY2020 us-gaap Proceeds From Issuance Of Private Placement
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1151738 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
22716 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
33028157 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3072948 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1194576 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
555961 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20782 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3508026 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3434352 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-422752 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4531266 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1096914 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1519666 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1023240 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4531266 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1096914 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
69869 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
454261 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
357092 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1014591 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4525352 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
8649 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
5914 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1023240 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
4531266 usd
CY2020 us-gaap Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
32887 shares
CY2020Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
16667 shares
CY2020Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
18040 usd
CY2020Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right
ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight
53333 shares
CY2020Q3 us-gaap Convertible Debt
ConvertibleDebt
1480000 usd
CY2021Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1000000 usd
CY2021 TAOP Purchase Of Software And Equipment
PurchaseOfSoftwareAndEquipment
6300000 usd
CY2021 TAOP Increase In Accounts Payable And Other Payable
IncreaseInAccountsPayableAndOtherPayable
1400000 usd
CY2021 TAOP Noncash Transactions Received Value
NoncashTransactionsReceivedValue
830000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_801_eus-gaap--NatureOfOperations_zB2V35FbPXhl" 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"><b>1. <span id="xdx_82E_zCGydfoURC9g">ORGANIZATION, PRINCIPAL ACTIVITIES AND MANAGEMENT’S PLANS</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Taoping Inc. (f/k/a China Information Technology, Inc.), together with its subsidiaries (the “Company” or “TAOP”), is a blockchain technology and smart cloud services provider. The Company provides cloud-based display terminal and service of digital advertising distribution network and new media resource sharing platform in the Out-of-Home advertising market in China. It’s integrated end-to-end digital advertising solutions enables customers to distribute and manage ads on the ads display terminals. With multiple cloud data centers deployed, the Company also provides computing power and creates value for the encrypted digital currency industry.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In May 2018, we changed our corporate name from “China Information Technology Inc.” to “Taoping Inc.”, to reflect our current business operations in the new media and IoT industries. In 2021, Information Security Tech International Co. Ltd. (“IST HK”), one of the Company’s Hong Kong subsidiaries then, changed its corporate name to Taoping Group (China) Ltd. to reflect the Company’s current corporate structure to be in line with the new business strategies. As listed in the table below, these services are provided through the Company’s operating subsidiaries, primarily in Hong Kong, mainland China and Kazakhstan.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 9, 2021, the Company consummated an acquisition of <span id="xdx_902_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_dp_uPure_c20210609__us-gaap--BusinessAcquisitionAxis__custom--TaopingNewMediaCoLtdMember_ziF35BV5hlzi">100</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% of the equity interest of Taoping New Media Co., Ltd (“TNM”), a leading media operator in China’s out-of-home digital advertising industry. Mr. Jianghuai Lin, the Chairman and CEO of TAOP, who owns approximately <span id="xdx_90B_ecustom--SharesOutstandingPercentage_iI_dp_uPure_c20210609__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MrJianghuaiLinMember_zfKcj5fWfZKc" title="Outstanding percent">27.1</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% of total shares outstanding of the Company, owned approximately <span id="xdx_90C_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_dp_c20210609__us-gaap--BusinessAcquisitionAxis__custom--TaopingNewMediaCoLtdMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MrJianghuaiLinMember_zdaPXXUn9ZBa">51</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% of TNM. TNM focuses on digital life scenes and mainly engaged in selling out-of-home advertising time slots on its networked smart digital advertising display terminals with artificial intelligence and big data technologies. The acquisition of TNM is expected to enhance TAOP’s presence in the new media and advertising sectors.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In 2021, the Company launched blockchain related new business in cryptocurrency mining operations and newly established subsidiaries in Hong Kong to supplement its diminished Traditional Information Technology (TIT) business segment as a part of new business transformation. However, due to the decreased output and the highly volatile cryptocurrency market, the Company ceased the operation of cryptocurrency mining business by December 2022, and will continue to focus the efforts on its digital adverting, smart display and the newly added smart community and related businesses.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As the cessation of the operation of cryptocurrency mining business represent a strategic shift in the Company’s strategy that will have a major effect on the Company’s operations and financial results, the operations of cryptocurrency mining business have been presented as “discontinued operations” in the Company’s consolidated financial statements. See Note 10.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In September 2021, the Company and the Company’s wholly owned subsidiary, Information Security Technology (China) Co., Ltd. (“IST”) entered into an equity transfer agreement with Mr. Jianghuai Lin, the sole shareholder of iASPEC Technology Group Co., Ltd. (“iASPEC”). Upon closing of the equity transfer, the Company’s variable interest entity structure was dissolved and iASPEC became a wholly owned indirect subsidiary of the Company.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In September 2021, the Company also strategically relocated its global corporate headquarters to Hong Kong to better implement cryptocurrency mining operations and blockchain related new businesses and streamline its international business development, client communication, and service delivery. The office located in Shenzhen, China becomes the TAOP’s regional headquarters in Mainland China.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As a result of the Company’s business transformation and its exit from the TIT business, the Company disposed of <span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20220607__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--IASPECTechnologyGroupCoLtdiASPECMember_zDCbW3q65SEg" title="Equity method investment, ownership percentage">100</span>% equity interests of iASPEC (excluding iASPEC’s subsidiaries) which mainly conducted TAOP’s TIT business to an unrelated third party for <span id="xdx_907_eus-gaap--DisposalGroupIncludingDiscontinuedOperationConsideration_iI_dxL_c20220607__us-gaap--DisposalGroupClassificationAxis__custom--IASPECTechnologyGroupCoLtdiASPECMember_zHD1IhcdXnU5" title="Disposal group including discontinued operation, consideration::XDX::-"><span style="-sec-ix-hidden: xdx2ixbrl1026">nil</span></span> consideration on June 7, 2022. The disposition resulted in a total recorded income of approximately $<span id="xdx_904_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOtherIncome_pn6n6_c20220101__20221231__us-gaap--DisposalGroupClassificationAxis__custom--IASPECTechnologyGroupCoLtdiASPECMember_zmPD6PQgxXy5" title="Disposal group including discontinued operation other , Income">3.0</span> million for the Company for the year ended December 31, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_891_eus-gaap--ScheduleOfVariableInterestEntitiesTextBlock_zWVTp9w6KyHj" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> <span id="xdx_8BD_zXsAmw8YRF2j" style="display: none">SCHEDULE OF SUBSIDIARIES AND VARIABLE INTEREST ENTITY</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">December 31,</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">2022</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">2021</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">2020</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Entities</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Subsidiaries</td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">% owned</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">% owned</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">% owned</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Location</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span id="xdx_908_ecustom--Entities_c20220101__20221231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zwaYrXmfWS51" title="Entities">Taoping Inc</span>.</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><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: center"><span id="xdx_905_ecustom--Location_c20220101__20221231__srt--ConsolidatedEntitiesAxis__srt--ParentCompanyMember_zXI9KgNceCBe" title="Location">British Virgin Islands</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 24%; text-align: left"><span id="xdx_90F_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingHoldingsLimitedMember_zca2Znx76tak" title="Entities">Taoping Holdings Limited (THL)</span></td><td style="width: 2%"> </td> <td style="width: 15%; text-align: right"><span id="xdx_901_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingHoldingsLimitedMember_zQ7tOKi9bXzg" title="Subsidiaries/VIE">Subsidiary</span></td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><span id="xdx_906_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingHoldingsLimitedMember_zjtY2APU6LA" title="Percentage owned">100</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><span id="xdx_90E_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--TaopingHoldingsLimitedMember_zfA6qJTJ5Frg" title="Percentage owned">100</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right"><span id="xdx_90D_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20200101__20201231__dei--LegalEntityAxis__custom--TaopingHoldingsLimitedMember_zFKdHnVghRg" title="Percentage owned">100</span></td><td style="width: 1%; text-align: left">%</td><td style="width: 2%"> </td> <td style="width: 18%; text-align: center"><span id="xdx_901_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingHoldingsLimitedMember_zRiuA47bcfLl" title="Location">British Virgin Islands</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span id="xdx_904_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingGroupChinaLtdISTHKMember_zVDtFow0qnD" title="Entities">Taoping Group (China) Ltd. (IST HK)</span></td><td> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingGroupChinaLtdISTHKMember_zpKo5Ao3B4nc" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingGroupChinaLtdISTHKMember_zCBtDRjlhHcj" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--TaopingGroupChinaLtdISTHKMember_zjJpLMMnGv38" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20200101__20201231__dei--LegalEntityAxis__custom--TaopingGroupChinaLtdISTHKMember_z8NL2ncAe6K6" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"><span id="xdx_904_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingGroupChinaLtdISTHKMember_zraDhyhpwsRa" title="Location">Hong Kong, China</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_901_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalAssetsAsiaLimitedTDALMember_zK0e34AkHuH9" title="Entities">Taoping Digital Assets (Asia) Limited (TDAL)</span></td><td> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalAssetsAsiaLimitedTDALMember_zUq7iiDOM1Y5" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalAssetsAsiaLimitedTDALMember_zOTCgxwAPhd1" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_c20210101__20211231__dei--LegalEntityAxis__custom--TaopingDigitalAssetsAsiaLimitedTDALMember_zrRreF2Hgfp7">100</span></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><td> </td> <td style="text-align: center"><span id="xdx_900_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingGroupChinaLtdISTHKMember_zXXhXP3SbXnb" title="Location">Hong Kong, China</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span id="xdx_90A_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalAssetsHongKongLimitedTDLMember_zVy7ZfE3Wqc7">Taoping Digital Assets (Hong Kong) Limited (TDL)</span></td><td> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalAssetsHongKongLimitedTDLMember_z4fAsNTDY2Cf" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalAssetsHongKongLimitedTDLMember_zfNfNCMMjXhj" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_c20210101__20211231__dei--LegalEntityAxis__custom--TaopingDigitalAssetsHongKongLimitedTDLMember_z3nK3xqsNk62">100</span></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><td> </td> <td style="text-align: center"><span id="xdx_90A_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalAssetsHongKongLimitedTDLMember_zrSqwiwtano2" title="Location">Hong Kong, China</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_900_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingCapitalLimitedTCLMember_zGdPeddTcrZ6">Taoping Capital Limited (TCL)</span></td><td> </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingCapitalLimitedTCLMember_zHDVCjEN5KT8" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingCapitalLimitedTCLMember_z4SaQVW2AStd" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_c20210101__20211231__dei--LegalEntityAxis__custom--TaopingCapitalLimitedTCLMember_zXxMI4jqKrji">100</span></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><td> </td> <td style="text-align: center"><span id="xdx_904_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingCapitalLimitedTCLMember_zidz0qfaTAr3" title="Location">Hong Kong, China</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span id="xdx_90C_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--AlphaDigitalGroupLtdADGMember_za7EWDFL809i">Alpha Digital Group Ltd. (ADG)</span></td><td> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--AlphaDigitalGroupLtdADGMember_z6aRf5SJmQv5">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--AlphaDigitalGroupLtdADGMember_zV9uR87BuNc7"><span style="-sec-ix-hidden: xdx2ixbrl1086">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_c20210101__20211231__dei--LegalEntityAxis__custom--AlphaDigitalGroupLtdADGMember_zIVHrOf4EYA2">100</span></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><td> </td> <td style="text-align: center"><span id="xdx_906_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--AlphaDigitalGroupLtdADGMember_zmm2OYKgGSi5" title="Location">Cayman, Island</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_901_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--KazakhTaopingOperationManagementCoLtdKTOMember_zMLZzo14yrdl">Kazakh Taoping Operation Management Co. Ltd. (KTO)</span></td><td> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--KazakhTaopingOperationManagementCoLtdKTOMember_zrgio7JnKEt1">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--KazakhTaopingOperationManagementCoLtdKTOMember_zfzEbHUAYgeh">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_c20210101__20211231__dei--LegalEntityAxis__custom--KazakhTaopingOperationManagementCoLtdKTOMember_zxbS70yRiCf4">100</span></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><td> </td> <td style="text-align: center"><span id="xdx_901_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--KazakhTaopingOperationManagementCoLtdKTOMember_zvAARE5XsYw2" title="Location">Kazakhstan</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span id="xdx_903_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--KazakhTaopingDataCenterCoLtdKTDMember_zrIY836GXcch">Kazakh Taoping Data Center Co. Ltd. (KTD)</span></td><td> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--KazakhTaopingDataCenterCoLtdKTDMember_zQZALscb6N71">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--KazakhTaopingDataCenterCoLtdKTDMember_z16vGIkW2zbj">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_c20210101__20211231__dei--LegalEntityAxis__custom--KazakhTaopingDataCenterCoLtdKTDMember_zZYLcMFiD4s7">100</span></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><td> </td> <td style="text-align: center"><span id="xdx_906_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--KazakhTaopingDataCenterCoLtdKTDMember_z7znZSKf3ys3" title="Location">Kazakhstan</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_90A_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--InformationSecurityTechMember_zLARFyyNtCaj">Information Security Tech. (China) Co., Ltd. (IST)</span></td><td> </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--InformationSecurityTechMember_zv8TkQlRoAw4">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--InformationSecurityTechMember_zg4dvIguBr7f" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--InformationSecurityTechMember_zcmtw9ObTegb" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20200101__20201231__dei--LegalEntityAxis__custom--InformationSecurityTechMember_z8burhn38Iub" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"><span id="xdx_90A_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--InformationSecurityTechMember_zTpZdwhiBkg3">Shenzhen, China</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span id="xdx_90F_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--TopCloudSoftwareChinaCoLtdTopCloudMember_z3DPpPAEr2Ni">TopCloud Software (China) Co., Ltd. (TopCloud)</span></td><td> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--TopCloudSoftwareChinaCoLtdTopCloudMember_zsbdR2BJZMg2" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--TopCloudSoftwareChinaCoLtdTopCloudMember_z6muCtO9TQ9h" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--TopCloudSoftwareChinaCoLtdTopCloudMember_z7lWRkzchqAb" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20200101__20201231__dei--LegalEntityAxis__custom--TopCloudSoftwareChinaCoLtdTopCloudMember_zaVHjSrogDR7" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"><span id="xdx_905_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--TopCloudSoftwareChinaCoLtdTopCloudMember_zDqoCYmpIgcd" title="Location">Shenzhen, China</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_90D_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--InformationSecurityIOTTechCoLtdISIOTMember_zQHmdMUBagS">Information Security IoT Tech. Co., Ltd. (ISIOT)</span></td><td> </td> <td style="text-align: right"><span id="xdx_90D_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--InformationSecurityIOTTechCoLtdISIOTMember_zXqP2sSaqCD1" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--InformationSecurityIOTTechCoLtdISIOTMember_zlCYjMtTVbM2" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_908_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--InformationSecurityIOTTechCoLtdISIOTMember_zj6gVgG7JKHc" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20200101__20201231__dei--LegalEntityAxis__custom--InformationSecurityIOTTechCoLtdISIOTMember_zzI2lxbTObp3" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: center"><span id="xdx_908_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--InformationSecurityIOTTechCoLtdISIOTMember_z84ODmXN9E07">Shenzhen, China</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span id="xdx_900_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--IASPECTechnologyGroupCoLtdiASPECMember_zYpuPbgJPwMa">iASPEC Technology Group Co., Ltd. (iASPEC)</span></td><td> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--IASPECTechnologyGroupCoLtdiASPECMember_zuoRU1OpzWRg" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--IASPECTechnologyGroupCoLtdiASPECMember_znre6d8OJxX" title="Percentage owned"><span style="-sec-ix-hidden: xdx2ixbrl1136">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--IASPECTechnologyGroupCoLtdiASPECMember_ziiWWJkXXEJ6" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">VIE</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_90F_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--IASPECTechnologyGroupCoLtdiASPECMember_zcaVsZOjzj16" title="Location">Shenzhen, China</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_905_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--BiznestInternetTechCoLtdBiznestMember_zEYaUypBIEH1">Biznest Internet Tech. Co., Ltd. (Biznest)</span></td><td> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--BiznestInternetTechCoLtdBiznestMember_z4mTIdLhfvHe" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--BiznestInternetTechCoLtdBiznestMember_zoEeEkqXr2W1" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--BiznestInternetTechCoLtdBiznestMember_z2Xqy6DpFsDe" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">VIE</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_906_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--BiznestInternetTechCoLtdBiznestMember_zFlejGHGFkfi" title="Location">Shenzhen, China</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span id="xdx_908_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--IASPECBocomIoTTechCoLtdBocomMember_zCFn7Ib2IHZ4">iASPEC Bocom IoT Tech. Co., Ltd. (Bocom)</span></td><td> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--IASPECBocomIoTTechCoLtdBocomMember_zfKsaSkRwgh8" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--IASPECBocomIoTTechCoLtdBocomMember_zl5Jx9Z2WPZh" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--IASPECBocomIoTTechCoLtdBocomMember_zLGhwfLQCRF8" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">VIE</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: center"><span id="xdx_902_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--IASPECBocomIoTTechCoLtdBocomMember_zZChDlk5FOSf" title="Location">Shenzhen, China</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_902_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingNewMediaCoLtdTNMMember_zUZL6lLiMex4">Taoping New Media Co., Ltd. (TNM)</span></td><td> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingNewMediaCoLtdTNMMember_zvp2jblQAaOj" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90E_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingNewMediaCoLtdTNMMember_zJrrpgbkbrT6" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90A_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--TaopingNewMediaCoLtdTNMMember_zAtFyb5zeB76" title="Percentage owned">100</span></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><td> </td> <td style="text-align: center"><span id="xdx_90D_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingNewMediaCoLtdTNMMember_zOCkhJtdAOka" title="Location">Shenzhen, China</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span id="xdx_902_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--ShenzhenTaopingEducationTechnologyCoLtdSZTETMember_zwu1WusjqHh3">Shenzhen Taoping Education Technology Co., Ltd. (SZTET)</span></td><td> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--ShenzhenTaopingEducationTechnologyCoLtdSZTETMember_z1EguMeDW8bb" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--ShenzhenTaopingEducationTechnologyCoLtdSZTETMember_zF4weDiJfMLa" title="Percentage owned"><span style="-sec-ix-hidden: xdx2ixbrl1172">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--ShenzhenTaopingEducationTechnologyCoLtdSZTETMember_zA4LXUIx8xoj" title="Percentage owned">51</span></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><td> </td> <td style="text-align: center"><span id="xdx_907_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--ShenzhenTaopingEducationTechnologyCoLtdSZTETMember_zVUwKVKBvFob" title="Location">Shenzhen, China</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_90B_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--WuhuTaopingEducationTechnologyCoLtdWHTETMember_z9KA180nQZak">Wuhu Taoping Education Technology Co., Ltd. (WHTET)</span></td><td> </td> <td style="text-align: right"><span id="xdx_903_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--WuhuTaopingEducationTechnologyCoLtdWHTETMember_zazu74IKxwG5" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_907_eus-gaap--VariableInterestEntityOwnershipPercentage_pid_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--WuhuTaopingEducationTechnologyCoLtdWHTETMember_zZfr14KOLuD9" title="Percentage owned"><span style="-sec-ix-hidden: xdx2ixbrl1181">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--WuhuTaopingEducationTechnologyCoLtdWHTETMember_zC2whyiAaU34" title="Percentage owned">51</span></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><td> </td> <td style="text-align: center"><span id="xdx_904_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--WuhuTaopingEducationTechnologyCoLtdWHTETMember_zfo1tCyAafoa" title="Location">Wuhu, China</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span id="xdx_90B_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalTechDongguanCoLtdTDTDGMember_zVIhmVAlqpv5">Taoping Digital Tech. (Dongguan) Co., Ltd. (TDTDG)</span></td><td> </td> <td style="text-align: right"><span id="xdx_902_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalTechDongguanCoLtdTDTDGMember_zzK6tenqyOt7" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalTechDongguanCoLtdTDTDGMember_zUyzrhBIZdy7" title="Percentage owned"><span style="-sec-ix-hidden: xdx2ixbrl1190">-</span></span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--TaopingDigitalTechDongguanCoLtdTDTDGMember_zh1zpJMTO4Tk" title="Percentage owned">100</span></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><td> </td> <td style="text-align: center"><span id="xdx_901_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalTechDongguanCoLtdTDTDGMember_zzgQK0wC7Dx7" title="Location">Dongguan, China</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_900_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--TopCloudTechChenzhouCoLtdTCTCZMember_zgIpM6Uq9bSb">TopCloud Tech. (Chenzhou) Co., Ltd. (TCTCZ)</span></td><td> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--TopCloudTechChenzhouCoLtdTCTCZMember_zNqH5ynVpwfl" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--TopCloudTechChenzhouCoLtdTCTCZMember_zNuDzz4YJVR2" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--TopCloudTechChenzhouCoLtdTCTCZMember_zo09wFqFmoD8" title="Percentage owned">100</span></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><td> </td> <td style="text-align: center"><span id="xdx_902_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--TopCloudTechChenzhouCoLtdTCTCZMember_zdUUawnfNuVh" title="Location">Chenzhou, China</span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left"><span id="xdx_90D_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalTechJiangsuCoLtdTDTJSMember_zIxjU2EEmGul">Taoping Digital Tech. (Jiangsu) Co., Ltd. (TDTJS)</span></td><td> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--TopCloudTechChenzhouCoLtdTCTCZMember_zN4kP91QNAij" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalTechJiangsuCoLtdTDTJSMember_zSP7hqHz0Yt" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--TaopingDigitalTechJiangsuCoLtdTDTJSMember_zByCdVddkWaf" title="Percentage owned">100</span></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><td> </td> <td style="text-align: center"><span id="xdx_908_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--TaopingDigitalTechJiangsuCoLtdTDTJSMember_z3LqOcD7Iymj" title="Location">Jiangsu, China</span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left"><span id="xdx_90E_ecustom--Entities_c20220101__20221231__dei--LegalEntityAxis__custom--ZhenjiangTaopingIoTTechCoLtdZJIOTMember_zF0Yj9axnCF8">Zhenjiang Taoping IoT Tech. Co., Ltd (ZJIOT)</span></td><td> </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--VariableInterestEntitySimilarEntityAggregationDescription_c20220101__20221231__dei--LegalEntityAxis__custom--ZhenjiangTaopingIoTTechCoLtdZJIOTMember_zl9TGV6q99Of" title="Subsidiaries/VIE">Subsidiary</span></td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_900_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20220101__20221231__dei--LegalEntityAxis__custom--ZhenjiangTaopingIoTTechCoLtdZJIOTMember_zGAfaXOzAUE6" title="Percentage owned">100</span></td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_eus-gaap--VariableInterestEntityOwnershipPercentage_dp_uPure_c20210101__20211231__dei--LegalEntityAxis__custom--ZhenjiangTaopingIoTTechCoLtdZJIOTMember_zrEG1JOgnI43" title="Percentage owned">100</span></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><td> </td> <td style="text-align: center"><span id="xdx_905_ecustom--Location_c20220101__20221231__dei--LegalEntityAxis__custom--ZhenjiangTaopingIoTTechCoLtdZJIOTMember_zTfLwR81zZd2" title="Location">Zhenjiang, China</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><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; text-align: center"/> <p id="xdx_8A3_zOJtsxizPv35" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><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"><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; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>TAOPING INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Dissolution of the Variable Interest Entity Structure</span></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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">iASPEC was a VIE of the Company. To comply with PRC laws and regulations that restrict foreign ownership of companies that provide public security information technology and Geographic Information Systems software operating services to certain government and other customers, the Company used to operate the restricted aspect of its business through iASPEC.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In September 2021, we dissolved the variable interest entity structure by exercising the purchase option under certain Option Agreement among IST, iASPEC and its shareholders, to purchase all of the equity interests in iASPEC at an aggregate exercise price of $<span id="xdx_909_eus-gaap--StockOptionExercisePriceIncrease_c20210901__20210930_z8tYNx92hvji" title="Aggregate exercise price">1,800,000</span>. On September 18, 2021, Taoping Inc. and IST entered into an equity transfer agreement with iASPEC and iASPEC’s then sole shareholder, Mr. Lin, under which Mr. Lin sold and transferred to IST all of the equity interests in and any and all rights and benefits relating thereto of iASPEC in exchange for <span id="xdx_90D_eus-gaap--StockIssuedDuringPeriodSharesRestrictedStockAwardGross_pid_c20210917__20210918__srt--TitleOfIndividualAxis__custom--TaopingIncMember_ziwvzenG3e07" title="Number of shares restricted">612,245</span> unregistered ordinary shares of Taoping Inc., as determined by dividing $<span id="xdx_902_eus-gaap--StockIssuedDuringPeriodValueRestrictedStockAwardGross_pp0p0_c20210917__20210918__srt--TitleOfIndividualAxis__custom--TaopingIncMember_zXj1lDQt1fsf" title="Number of shares restricted, value">1,800,000</span> by the volume-weighted average closing price of ordinary shares for the consecutive five (5) trading days immediately prior to September 18, 2021. The parties thereafter completed the equity transfer through applicable PRC governmental registration(s).</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon the closing of the equity transfer, the Company’s variable interest entity structure was dissolved and iASPEC became a wholly owned indirect subsidiary of the Company. The amended and restated MSA was automatically terminated.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Going Concern and Management’s Plans</span></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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In 2022, COVID-19 pandemic was largely contained in China. As a result of the gradual recovery of the market conditions and customer demands, the Company’s revenue of continuing operations achieved 25.0% for year 2022 year-over-year increase. The Company has also significantly improved profitability by $<span id="xdx_90D_ecustom--ImprovedProfitability_pn5n6_c20220101__20221231_zSqdvFYKSWK9">2.8 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million by reducing net loss to $<span id="xdx_902_eus-gaap--ProfitLoss_iN_pn5n6_di_c20220101__20221231_zY90y2ALiz3" title="Profit loss">7.1 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million. Cash and cash equivalents at December 31, 2022 was $<span id="xdx_90F_eus-gaap--Cash_iI_pn5n6_c20221231_zUAglkFAPXzl">1.0</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million, compared to cash and cash equivalents of $<span id="xdx_90C_eus-gaap--Cash_iI_pn5n6_c20211231_z7izpweHZmMe">4.5</span></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million a year ago.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company incurred a net loss of approximately $<span id="xdx_909_eus-gaap--NetIncomeLoss_iN_pn5n6_di_c20220101__20221231_ze0lc5zvwHi2" title="Net income loss">7.1 </span>million for year ended December 31, 2022, compared to a net loss of $<span id="xdx_909_eus-gaap--ProfitLoss_iN_pn5n6_di_c20210101__20211231_zIP1sBU9Goo4" title="Net income loss">9.9</span> million for 2021. The improved profitability was mainly due to the decrease of provision of allowance of credit losses and the expenses of stock-based compensation. As of December 31, 2022, the Company had a working capital deficit of approximately $<span id="xdx_90E_ecustom--WorkingCapitalDeficiency_iNI_pn5n6_di_c20221231_zYuyPptvoRQa" title="Working capital deficiency">0.2 </span>million, improved from a working capital deficit of $<span id="xdx_90D_ecustom--WorkingCapitalDeficiency_iNI_pn5n6_di_c20211231_zRtyulcgxbT3" title="Working capital deficiency">3.9</span> million as of December 31, 2021.</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"><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; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>TAOPING INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In June 2021, the Company completed an acquisition of <span id="xdx_90B_eus-gaap--BusinessCombinationStepAcquisitionEquityInterestInAcquireePercentage_iI_dp_uPure_c20210630__us-gaap--BusinessAcquisitionAxis__custom--TaopingNewMediaCoLtdMember_zIBsrCvfXNN6">100</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">% of equity of TNM to offer more comprehensive services of the new media sharing platform and enhance revenue generation from new media and advertising sectors. As a result of the acquisition, revenue from advertising nearly doubled for year 2022, as compared with year 2021. In April 2021, the Company also formed a blockchain business segment and engages in cryptocurrency mining activities as the first initiative of this sector to supplement the diminished Traditional Information Technology (TIT) business segment as a part of new business transformation. However, due to the decreased output and the highly volatile cryptocurrency market, revenue generated from cryptocurrency mining decreased to $<span id="xdx_909_eus-gaap--Revenues_pn5n6_c20220101__20221231__srt--ProductOrServiceAxis__custom--CryptocurrencyMiningMember_z1NXJLpcDXs6">4.1 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million in 2022, as compared to $<span id="xdx_906_ecustom--GrossProfitFromMiningBusiness_pn5n6_c20210101__20211231__srt--ProductOrServiceAxis__custom--CryptocurrencyMiningMember_zJI9OTVupaMj">5.5 </span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">million in 2021. In December 2022, the Company ceased its cryptocurrency mining business, and will continue to focus the efforts on its digital adverting, smart display and the newly added smart community and related businesses.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s two core competencies, the Taoping national sales network and the highly scalable and compatible cloud platform, and its strong software development capability, make it a valued partner by many other smart-community customers and solution providers. </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In addition to seeking strategic acquisition to expand its digital advertising business, the Company continues to explore business opportunity in the smart community and new energy sectors. From late 2022 to April 2023, the Company has entered into a series of long-term strategic cooperation agreements with various customers to provide Taoping’s cloud-based intelligent product solutions, including smart large screen, IoT smart rest station and off-grid wastewater treatment solution, which are expected to generate significant revenue growth and operating cashflow for the Company for year 2023 and beyond.</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"/></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: 0; text-align: justify">If the Company’s execution of business strategies is not successful in addressing its current financial concerns, additional capital raise from issuing equity security or debt instrument or additional loan facility may occur to support required cash flows. The Company’s existing $<span id="xdx_900_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn5n6_c20221231__us-gaap--CreditFacilityAxis__us-gaap--RevolvingCreditFacilityMember_zWYe8WKIhXt4" title="Revolving bank loan">7.2</span> million revolving bank loan, which was collateralized with the Company’s office property, provides important capital support for its operation. In addition, it is in the process of renewing the bank facility line with a total value of approximately $<span id="xdx_90E_eus-gaap--LineOfCredit_iI_pn5n6_c20221231__us-gaap--CreditFacilityAxis__us-gaap--RevolvingCreditFacilityMember_zYduHIajTjPk" title="Total bank facility">11.9</span> million. From equity financing perspective, the Company’s effective F-3 registration statement facilitates potential future equity offerings. In conclusion, the Company believes that it has the ability to raise needed capital to fund its operations and business growth, and is able to operate as a going concern.</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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">However, the Company can make no assurances that financing will be available for the amounts we need, or on terms commercially acceptable to us, if at all. If one or all of these events do not occur or subsequent capital raise was insufficient to bridge financial and liquidity shortfall, substantial doubt exists about the Company’s ability to continue as a going concern. The consolidated financial statements have been prepared assuming that the Company will continue as a going concern and, accordingly, do not include any adjustments that might result from the outcome of this uncertainty.</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>
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<p id="xdx_848_eus-gaap--UseOfEstimates_zjtrzaE22TN5" 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 style="text-decoration: underline">(b) <span id="xdx_860_zhlwZC8ecTV9">Use of Estimates</span></span></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; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with U.S. generally accepted accounting principles 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 revenue and expenses during the reporting period. The Company’s significant estimates include its accounts receivable, assessment of credit losses, fair value of stock options and warrants, valuation allowance of deferred tax assets, useful lives of property and equipment, the recoverability of long-lived assets, revenue recognition, valuation of prepayments, goodwill, and other intangible assets, inventories, cryptocurrencies, purchase price allocation of business combination, right-of-use assets, and lease liabilities. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>TAOPING INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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us-gaap Debt Instrument Covenant Description
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The revenue is to increase incrementally by 15% in every six months going forward until the contract expires four years after the commencing date of the operation
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1775540 usd
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
2948681 usd
CY2022 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
1200000 usd
CY2021 us-gaap Cost Of Goods And Services Sold Amortization
CostOfGoodsAndServicesSoldAmortization
1400000 usd
CY2021 TAOP Discontinued Operation
DiscontinuedOperation
354000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P16M8D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2022Q4 us-gaap Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
8232 usd
CY2022 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
1900000 usd
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
800000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
87734 usd
CY2022Q4 TAOP Initial Investments
InitialInvestments
711000 usd
CY2022 TAOP Impairment Of Continuing Operations
ImpairmentOfContinuingOperations
100000 usd
CY2022 TAOP Impairment Of Discontinued Operations
ImpairmentOfDiscontinuedOperations
200000 usd
CY2021 TAOP Impairment Of Continuing Operations
ImpairmentOfContinuingOperations
90000.00 usd
CY2022Q4 TAOP Advances From Unrelated Thirdparties
AdvancesFromUnrelatedThirdparties
395359 usd
CY2021Q4 TAOP Advances From Unrelated Thirdparties
AdvancesFromUnrelatedThirdparties
647586 usd
CY2022Q4 TAOP Other Taxes Payable
OtherTaxesPayable
4216786 usd
CY2021Q4 TAOP Other Taxes Payable
OtherTaxesPayable
3665976 usd
CY2022Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
215889 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
9279 usd
CY2022Q4 us-gaap Due To Employees Current
DueToEmployeesCurrent
41782 usd
CY2021Q4 us-gaap Due To Employees Current
DueToEmployeesCurrent
87889 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
126528 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
359743 usd
CY2022Q4 TAOP Other Payables And Accrued Expenses Current
OtherPayablesAndAccruedExpensesCurrent
4996344 usd
CY2021Q4 TAOP Other Payables And Accrued Expenses Current
OtherPayablesAndAccruedExpensesCurrent
4770473 usd
CY2022Q4 TAOP Annual Tax Profits
AnnualTaxProfits
0.10 pure
CY2022Q4 TAOP Statutory Reserve Percentage
StatutoryReservePercentage
0.50 pure
CY2022Q4 TAOP General Reserve
GeneralReserve
10200000 usd
CY2021Q4 TAOP General Reserve
GeneralReserve
14000000.0 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
67184 shares
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
118000 usd
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
2950000 usd
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
298000 usd
CY2020 TAOP Stock Options And Warrants Issued For Services
StockOptionsAndWarrantsIssuedForServices
-89000 usd
CY2022 TAOP Shares Issued For Services
SharesIssuedForServices
-23100 usd
CY2021 TAOP Shares Issued For Services
SharesIssuedForServices
-187000 usd
CY2020 TAOP Shares Issued For Services
SharesIssuedForServices
-357000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23100 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3137000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
744000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P0Y7M6D
CY2021 us-gaap Interest Expense Other
InterestExpenseOther
928352 usd
CY2020 us-gaap Interest Expense Other
InterestExpenseOther
1018013 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-512502 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-11757164 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-18402524 usd
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
297681 shares
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.4
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
282500 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.4
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
15181 shares
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
2.4
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
0 usd
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
200000 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
200000 usd
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
100000 usd
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
600000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOutstandingNumber
57366 shares
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
24233463 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
19390579 usd
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11062775 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-3165637 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-10140756 usd
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
-17366729 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3201613 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-692687 usd
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-22580 usd
CY2022 us-gaap Investment Income Interest
InvestmentIncomeInterest
7956 usd
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
4631 usd
CY2020 us-gaap Investment Income Interest
InvestmentIncomeInterest
4798 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
556434 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
69869 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5321 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-71316 usd
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-582371 usd
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-11762485 usd
CY2020 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-18331208 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-6499276 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
1837626 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-7081647 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-9924859 usd
CY2020 us-gaap Profit Loss
ProfitLoss
-18331208 usd
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-636433 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-7081647 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-9924859 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-17694775 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
2950070 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
298091 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3543931 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2232420 usd
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3479644 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
645493 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5541717 usd
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
13521182 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
63716 usd
CY2021 us-gaap Inventory Write Down
InventoryWriteDown
-82255 usd
CY2020 us-gaap Inventory Write Down
InventoryWriteDown
5625 usd
CY2022Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
1326265 usd
CY2021Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation Current
AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent
11851842 usd
CY2022Q4 us-gaap Assets
Assets
29208815 usd
CY2021Q4 us-gaap Assets
Assets
47155491 usd

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