2024 Q2 Form 20-F Financial Statement

#000121390024092312 Filed on October 30, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 2023 Q2
Revenue $51.60M $51.60M $94.32M
YoY Change -45.29% -45.29% 8.82%
Cost Of Revenue $50.91M $50.91M $92.70M
YoY Change -45.09% -45.09% 8.8%
Gross Profit $694.3K $694.3K $1.615M
YoY Change -57.0% -57.0% 9.74%
Gross Profit Margin 1.35% 1.35% 1.71%
Selling, General & Admin $1.567M $1.567M $1.461M
YoY Change 7.3% 7.3% 8.64%
% of Gross Profit 225.72% 225.72% 90.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.040K $7.300K $1.000K
YoY Change 504.0% 265.0%
% of Gross Profit 0.87% 1.05% 0.06%
Operating Expenses $1.567M $1.567M $1.461M
YoY Change 7.3% 7.3% 8.64%
Operating Profit -$872.9K -$872.9K $153.9K
YoY Change -667.18% -667.18% 21.52%
Interest Expense $246.2K $246.2K $1.370K
YoY Change 17870.07% 17870.07% -60.63%
% of Operating Profit 0.89%
Other Income/Expense, Net $20.61K $266.8K $88.71K
YoY Change -76.77% 200.75% -5.0%
Pretax Income -$606.1K -$606.1K $244.0K
YoY Change -348.41% -348.41% 9.16%
Income Tax $142.4K $142.4K $38.08K
% Of Pretax Income 15.61%
Net Earnings -$748.5K -$748.5K $205.9K
YoY Change -463.53% -463.53% -520.05%
Net Earnings / Revenue -1.45% -1.45% 0.22%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$0.03 -$0.03 $0.01
COMMON SHARES
Basic Shares Outstanding 27.00M shares 25.25M shares
Diluted Shares Outstanding 25.25M shares

Balance Sheet

Concept 2024 Q2 2024 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.834M $4.834M $1.294M
YoY Change 273.68% 273.68% -14.82%
Cash & Equivalents $4.834M $1.294M
Short-Term Investments
Other Short-Term Assets $54.06K $2.124M $17.01K
YoY Change 217.79% 12389.07% 30.44%
Inventory
Prepaid Expenses
Receivables $396.3K $396.3K $264.8K
Other Receivables $9.384M $9.384M $3.029M
Total Short-Term Assets $16.74M $16.74M $4.604M
YoY Change 263.55% 263.55% -79.47%
LONG-TERM ASSETS
Property, Plant & Equipment $7.499K $25.53K $3.730K
YoY Change 101.05% 584.45% 11.34%
Goodwill
YoY Change
Intangibles $5.709K $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $23.74K $23.74K $246.0K
YoY Change -90.35% -90.35% -47.96%
Total Long-Term Assets $54.99K $54.99K $249.7K
YoY Change -77.98% -77.98% -47.54%
TOTAL ASSETS
Total Short-Term Assets $16.74M $16.74M $4.604M
Total Long-Term Assets $54.99K $54.99K $249.7K
Total Assets $16.79M $16.79M $4.854M
YoY Change 245.98% 245.98% -78.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $718.1K $718.1K $573.6K
YoY Change 25.19% 25.19%
Accrued Expenses $52.63K $52.63K $30.53K
YoY Change 72.39% 72.39% -3.14%
Deferred Revenue $1.785M
YoY Change
Short-Term Debt $701.6K $701.6K $138.4K
YoY Change 406.96% 406.96%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.913M $2.913M $3.783M
YoY Change -23.01% -23.01% -82.8%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $7.580K $7.580K
YoY Change
Total Long-Term Liabilities $7.738K $7.580K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.913M $2.913M $3.783M
Total Long-Term Liabilities $7.738K $7.580K $0.00
Total Liabilities $2.920M $2.920M $3.783M
YoY Change -22.8% -22.8% -82.8%
SHAREHOLDERS EQUITY
Retained Earnings -$1.234M -$214.3K
YoY Change 475.52%
Common Stock $14.58M $1.044M
YoY Change 1296.35%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.87M $13.87M $1.071M
YoY Change
Total Liabilities & Shareholders Equity $16.79M $16.79M $4.854M
YoY Change 245.98% 245.98% -78.81%

Cashflow Statement

Concept 2024 Q2 2024 2023 Q2
OPERATING ACTIVITIES
Net Income -$748.5K -$748.5K $205.9K
YoY Change -463.53% -463.53% -520.05%
Depreciation, Depletion And Amortization $6.040K $7.300K $1.000K
YoY Change 504.0% 265.0%
Cash From Operating Activities $94.62K -$1.353M -$171.3K
YoY Change -155.22% 377.88%
INVESTING ACTIVITIES
Capital Expenditures $660.00 $12.77K $670.00
YoY Change -1.49% 381.74%
Acquisitions
YoY Change
Other Investing Activities -$9.458M -$9.458M
YoY Change
Cash From Investing Activities -$9.458M -$9.471M -$670.00
YoY Change 1411604.48% 357278.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $13.78M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.065M $14.34M 189.6K
YoY Change 4680.44% 9040.59%
NET CHANGE
Cash From Operating Activities 94.62K -$1.353M -171.3K
Cash From Investing Activities -9.458M -$9.471M -670.0
Cash From Financing Activities 9.065M $14.34M 189.6K
Net Change In Cash -298.7K $3.541M 17.62K
YoY Change -1794.95% -2847.24%
FREE CASH FLOW
Cash From Operating Activities $94.62K -$1.353M -$171.3K
Capital Expenditures $660.00 $12.77K $670.00
Free Cash Flow $93.96K -$1.366M -$172.0K
YoY Change -154.62% 377.91%

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CY2024 us-gaap Increase Decrease In Contract With Customer Liability
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CY2023 us-gaap Increase Decrease In Contract With Customer Liability
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CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2024 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2023 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2022 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2024 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2023 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
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CY2024 us-gaap Increase Decrease In Operating Lease Liability
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CY2024 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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CY2023 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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CY2022 us-gaap Increase Decrease In Due To Related Parties
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CY2024 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2024 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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CY2024 ubxg Payment To Loans To Third Parties
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CY2024 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
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CY2024 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2024 us-gaap Proceeds From Short Term Debt
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CY2023 us-gaap Proceeds From Short Term Debt
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CY2024 us-gaap Repayments Of Short Term Debt
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CY2023 ubxg Payment Of Registration Costs
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CY2022 ubxg Payment Of Registration Costs
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2024 us-gaap Net Cash Provided By Used In Financing Activities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2024 us-gaap Interest Paid Net
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CY2023 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2022 us-gaap Income Taxes Paid Net
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CY2024 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2024 us-gaap Use Of Estimates
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Use of estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and judgments are based on historical information, information that is currently available to the Company and on various other assumptions that the Company believes to be reasonable under the circumstances. Significant estimates required to be made by management, include, but are not limited to, the assessment of the allowance for Credit losses, depreciable lives of property and equipment, incremental borrowing rate of lease, and realization of deferred tax assets. Actual results could differ from those estimates.</p>
CY2024Q2 us-gaap Supplies
Supplies
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CY2023Q2 us-gaap Supplies
Supplies
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CY2024 us-gaap Depreciation Expense On Reclassified Assets
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CY2023 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
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CY2022 us-gaap Depreciation Expense On Reclassified Assets
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CY2024Q2 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
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CY2024 us-gaap Revenues
Revenues
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CY2023 us-gaap Revenues
Revenues
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CY2022 us-gaap Revenues
Revenues
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CY2023Q2 us-gaap Contract With Customer Liability Current
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
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0.50 pure
CY2024 us-gaap Concentration Risk Credit Risk
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b><i>Concentration and Risks</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Currency risk</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The revenues and expenses of the Company’s entities in the PRC are generally denominated in RMB and their assets and liabilities are denominated in RMB. The RMB is not freely convertible into foreign currencies. Remittances of foreign currencies into the PRC or remittances of RMB out of the PRC as well as exchange between RMB and foreign currencies require approval by foreign exchange administrative authorities with certain supporting documentation. The State Administration for Foreign Exchange, under the authority of the People’s Bank of China, controls the conversion of RMB into other currencies.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>Concentration and credit risk</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and accounts receivable.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company maintains its bank accounts in the PRC. On May 1, 2015, China’s new Deposit Insurance Regulation came into effect, pursuant to which banking financial institutions, such as commercial banks, established in the PRC are required to purchase deposit insurance for deposits in RMB and in foreign currency placed with them. Such Deposit Insurance Regulation would not be effective in providing complete protection for the Company’s accounts, as its aggregate deposits are much higher than the compensation limit, which is RMB500,000 (approximately $75,000) per bank. As of June 30, 2024, the Company has approximately $902,202 of uninsured funds. However, management believes that the risk of failure of any of these Chinese banks is remote. Bank failure is uncommon in the PRC and the Company believes that those Chinese banks that hold the Company’s cash are financially sound based on public available information.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">The Company conducts credit evaluations on its customers prior to delivery its services. The assessment of customer creditworthiness is primarily based on historical collection records, research of publicly available information and customer on-site visits by senior management. Based on this analysis, the Company determines what credit terms, if any, to offer to each customer individually. If the assessment indicates a likelihood of collection risk, the Company will not deliver the services to the customer or require the customer to pay cash, post letters of credit to secure payment or to make significant down payments.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i><span style="text-decoration:underline">Major customers</span></i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">No customer individually represents greater than 10.0% of total revenues of the Company for the year ended June 30, 2024. For the year ended June 30, 2023, one customer accounted for 12.5% of the Company’s total revenues. No customer individually represents greater than 10.0% of total revenue of the Company for the year ended June 30, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">As of June 30, 2024, two customers accounted for 19.2% and 18.6% of the total balance of accounts receivable respectively. As of June 30, 2023, two customers accounted for 13.1% and 10.5% of the total balance of accounts receivable respectively. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i><span style="text-decoration:underline">Major suppliers</span></i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">For the year ended June 30, 2024, two suppliers accounted for 23.1% and 12.4% of the Company’s total purchases respectively. For the year ended June 30, 2023, two suppliers accounted for 20.4% and 14.2% of the Company’s total purchases respectively. For the year ended June 30, 2022, three suppliers accounted for 20.7%, 17.8% and 11.8% of the Company’s total purchases respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">As of June 30, 2024, four suppliers accounted for 32.2%, 26.5%, 19.2% and 18.9% of the total balance of accounts payable respectively. As of June 30, 2023, five suppliers accounted for 24.1%, 19.6%, 19.3%, 15.5% and 13.7% of the total balance of accounts payable respectively. </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"></p>
CY2024Q2 us-gaap Deposit Assets
DepositAssets
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CY2024Q2 us-gaap Deposit Assets
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CY2024Q2 us-gaap Cash Uninsured Amount
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CY2023Q2 us-gaap Other Assets Current
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CY2024 ubxg Received Amount Including Interest
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CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2023Q1 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
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CY2024Q1 us-gaap Short Term Bank Loans And Notes Payable
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CY2024Q1 us-gaap Short Term Bank Loans And Notes Payable
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CY2024Q2 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
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CY2023Q4 us-gaap Short Term Bank Loans And Notes Payable
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CY2023Q4 us-gaap Short Term Bank Loans And Notes Payable
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280631 usd
CY2023Q4 us-gaap Short Term Debt Percentage Bearing Fixed Interest Rate
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CY2023Q2 us-gaap Accrued Income Taxes Current
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CY2024Q2 ubxg Withholding Tax Payable
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CY2023Q2 ubxg Withholding Tax Payable
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CY2024Q2 ubxg Vat Tax Payable Current
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CY2023Q2 ubxg Vat Tax Payable Current
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CY2024Q2 us-gaap Taxes Payable Current
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CY2023Q2 us-gaap Taxes Payable Current
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CY2023Q2 us-gaap Accrued Payroll Taxes Current
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CY2024Q2 us-gaap Other Accrued Liabilities Current
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CY2023Q2 us-gaap Other Accrued Liabilities Current
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CY2024Q2 us-gaap Accrued Liabilities And Other Liabilities
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CY2023Q2 us-gaap Accrued Liabilities And Other Liabilities
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CY2024 us-gaap Related Party Transaction Description Of Transaction
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CY2024 us-gaap Increase Decrease In Due To Related Parties
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CY2023 us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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CY2022 us-gaap Increase Decrease In Due To Related Parties
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CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020Q4 us-gaap Effective Income Tax Rate Continuing Operations
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CY2024 ubxg Applicable Tax Rate
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CY2023 ubxg Applicable Tax Rate
ApplicableTaxRate
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CY2022 ubxg Applicable Tax Rate
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CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
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CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.63 pure
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.156 pure
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2024 us-gaap Current Income Tax Expense Benefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
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CY2024 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
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CY2022 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
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CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2024Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2023Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2024Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
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CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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CY2024Q2 ubxg Deferred Tax Assets Operating Lease Liabilities
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CY2024Q2 ubxg Deferred Tax Assets Right Of Use Assets
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CY2024Q2 us-gaap Deferred Tax Assets Liabilities Net
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CY2024Q2 us-gaap Operating Loss Carryforwards
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CY2024 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2024Q2 us-gaap Common Stock Shares Authorized
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CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
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CY2024Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
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CY2022Q2 ubxg Cash Consideration During Period
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CY2022Q2 ubxg Cash Consideration During Period
CashConsiderationDuringPeriod
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CY2023Q4 us-gaap Stock Issued During Period Shares New Issues
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CY2023Q4 ubxg Purchase Price
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5
CY2023Q4 ubxg Cash Consideration During Period
CashConsiderationDuringPeriod
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CY2023Q4 ubxg Cash Consideration During Period
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CY2024Q2 ubxg Cash Consideration During Period
CashConsiderationDuringPeriod
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CY2024Q2 ubxg Purchase Price
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CY2024Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
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CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
27000000 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
24000000 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
24000000 shares
CY2024 ubxg Percentage Of Net Aftertax Income
PercentageOfNetAftertaxIncome
0.10 pure
CY2024 ubxg Registered Capital Percentage
RegisteredCapitalPercentage
0.50 pure
CY2024Q2 us-gaap Statutory Accounting Practices Portion Of Excess Retained Earnings Not Taxed
StatutoryAccountingPracticesPortionOfExcessRetainedEarningsNotTaxed
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CY2023Q2 us-gaap Statutory Accounting Practices Portion Of Excess Retained Earnings Not Taxed
StatutoryAccountingPracticesPortionOfExcessRetainedEarningsNotTaxed
300171 usd
CY2024Q2 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
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187696 usd
CY2023Q2 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
447704 usd
CY2024 ubxg Lessee Operating Lease Term Of Contract Description
LesseeOperatingLeaseTermOfContractDescription
The lease term was from November 30, 2023 to November 29, 2026.
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OperatingLeaseRightOfUseAsset
18035 usd
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7374 usd
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OperatingLeaseLiability
14958 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P2Y5M1D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.028 pure
CY2024 us-gaap Operating Lease Expense
OperatingLeaseExpense
13022 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
99437 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
98859 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
7690 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7690 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
15380 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
422 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
14958 usd
CY2024Q4 ubxg Market Value Of Listed Securities Minimum Amount
MarketValueOfListedSecuritiesMinimumAmount
35000000 usd
CY2024 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
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CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q2 us-gaap Other Assets Noncurrent
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CY2024Q2 us-gaap Contract With Customer Liability Current
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CY2023Q2 us-gaap Operating Lease Liability Current
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CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2023Q2 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
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CY2023Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
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CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2023Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2022 us-gaap Interest Expense Nonoperating
InterestExpenseNonoperating
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CY2022 ubxg Stock Issued During Period Value Appropriation To Statutory Reserve
StockIssuedDuringPeriodValueAppropriationToStatutoryReserve
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CY2023 ubxg Stock Issued During Period Value Appropriation To Statutory Reserve
StockIssuedDuringPeriodValueAppropriationToStatutoryReserve
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CY2024 ubxg Stock Issued During Period Value Appropriation To Statutory Reserve
StockIssuedDuringPeriodValueAppropriationToStatutoryReserve
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CY2023 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 ubxg Increase Decrease In Changes In Operating Assets And Liabilities
IncreaseDecreaseInChangesInOperatingAssetsAndLiabilities
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CY2022 ubxg Increase Decrease In Changes In Operating Assets And Liabilities
IncreaseDecreaseInChangesInOperatingAssetsAndLiabilities
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CY2023 ubxg Increase Decrease In Prepaid Expenses And Other Noncurrent Assets
IncreaseDecreaseInPrepaidExpensesAndOtherNoncurrentAssets
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CY2022 ubxg Increase Decrease In Prepaid Expenses And Other Noncurrent Assets
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CY2023 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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CY2023 ubxg Payment To Loans To Third Parties
PaymentToLoansToThirdParties
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CY2022 ubxg Payment To Loans To Third Parties
PaymentToLoansToThirdParties
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CY2023 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
usd
CY2022 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
usd
CY2023 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
usd
CY2022 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
usd
CY2024 ubxg Payment Of Registration Costs
PaymentOfRegistrationCosts
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CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2022 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
usd
CY2024 ubxg Income Tax Examinations By Tax Authority
IncomeTaxExaminationsByTaxAuthority
P5Y
CY2024Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
usd
CY2023Q2 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
usd
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
usd
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
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CY2024 ubxg Accounts Receivable Reduction
AccountsReceivableReduction
usd
CY2023 ubxg Accounts Receivable Reduction
AccountsReceivableReduction
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CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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CY2023 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
usd
CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
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CY2024Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
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CY2023Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
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CY2023Q2 ubxg Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
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CY2023Q2 ubxg Deferred Tax Assets Right Of Use Assets
DeferredTaxAssetsRightOfUseAssets
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CY2023Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
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CY2023Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
usd
CY2023Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
usd
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
pure
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
usd
CY2024 dei Amendment Flag
AmendmentFlag
false
CY2024 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2024 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
000000
CY2024 dei Entity Central Index Key
EntityCentralIndexKey
0001888525

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