2024 Q1 Form 10-Q Financial Statement
#000164033424000290 Filed on February 21, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 |
---|---|---|
Revenue | $79.00 | $23.40K |
YoY Change | -99.7% | -71.17% |
Cost Of Revenue | $264.00 | $68.85K |
YoY Change | -99.4% | 117.48% |
Gross Profit | -$185.00 | -$45.45K |
YoY Change | -98.96% | -191.85% |
Gross Profit Margin | -234.18% | -194.26% |
Selling, General & Admin | $754.6K | $523.6K |
YoY Change | -7.53% | -39.26% |
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $104.4K | $105.0K |
YoY Change | 7.4% | 102.07% |
% of Gross Profit | ||
Operating Expenses | $754.6K | -$523.6K |
YoY Change | -192.47% | -160.74% |
Operating Profit | -$754.8K | -$569.0K |
YoY Change | -9.47% | -29.97% |
Interest Expense | $45.18K | $43.72K |
YoY Change | 233.46% | -96.76% |
% of Operating Profit | ||
Other Income/Expense, Net | -$111.0K | $42.70K |
YoY Change | -161.18% | -96.83% |
Pretax Income | -$865.8K | -$526.3K |
YoY Change | 32.7% | -75.64% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | ||
Net Earnings | -$865.8K | -$526.3K |
YoY Change | 22.23% | -75.64% |
Net Earnings / Revenue | -1095913.92% | -2249.69% |
Basic Earnings Per Share | $0.00 | $0.00 |
Diluted Earnings Per Share | $0.00 | $0.00 |
COMMON SHARES | ||
Basic Shares Outstanding | 1.192B shares | 1.176B shares |
Diluted Shares Outstanding | 1.184B shares | 1.180B shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $567.4K | $928.3K |
YoY Change | 135.07% | 155.33% |
Cash & Equivalents | $567.4K | $928.3K |
Short-Term Investments | ||
Other Short-Term Assets | $279.5K | $318.3K |
YoY Change | -56.43% | -60.08% |
Inventory | $232.5K | $230.4K |
Prepaid Expenses | ||
Receivables | $9.290K | $9.360K |
Other Receivables | $178.3K | $184.5K |
Total Short-Term Assets | $1.267M | $1.671M |
YoY Change | 27.31% | 29.43% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $3.763M | $3.902M |
YoY Change | -48.26% | 64.95% |
Goodwill | ||
YoY Change | ||
Intangibles | $33.16M | $33.24M |
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $80.00K | $80.00K |
YoY Change | -34.52% | -98.43% |
Total Long-Term Assets | $37.54M | $37.80M |
YoY Change | -1.86% | -1.43% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.267M | $1.671M |
Total Long-Term Assets | $37.54M | $37.80M |
Total Assets | $38.81M | $39.47M |
YoY Change | -1.12% | -0.42% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $207.3K | $95.45K |
YoY Change | 605.92% | 96.87% |
Accrued Expenses | $625.3K | $790.3K |
YoY Change | 4.36% | 92.17% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $211.4K | $161.4K |
YoY Change | 111.44% | 222.88% |
Long-Term Debt Due | $183.3K | $177.7K |
YoY Change | 6.86% | 4.84% |
Total Short-Term Liabilities | $1.549M | $1.670M |
YoY Change | 41.43% | 4.67% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $1.129M | $1.143M |
YoY Change | -0.63% | 66.44% |
Other Long-Term Liabilities | $11.25K | $17.60K |
YoY Change | -85.01% | -56.37% |
Total Long-Term Liabilities | $1.140M | $1.161M |
YoY Change | -2.64% | 59.63% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.549M | $1.670M |
Total Long-Term Liabilities | $1.140M | $1.161M |
Total Liabilities | $2.689M | $2.830M |
YoY Change | 16.6% | 21.88% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$12.23M | -$11.37M |
YoY Change | 16.31% | 15.88% |
Common Stock | $1.193M | $1.192M |
YoY Change | 2286.25% | 1.6% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $36.12M | $36.64M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $38.81M | $39.47M |
YoY Change | -1.12% | -0.42% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$865.8K | -$526.3K |
YoY Change | 22.23% | -75.64% |
Depreciation, Depletion And Amortization | $104.4K | $105.0K |
YoY Change | 7.4% | 102.07% |
Cash From Operating Activities | -$537.2K | -$475.1K |
YoY Change | -0.98% | 21.89% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $15.22K | $1.400K |
YoY Change | 243.57% | -96.9% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% |
Cash From Investing Activities | -$15.22K | -$1.400K |
YoY Change | -118.84% | -93.36% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 40.36K | 244.9K |
YoY Change | -78.37% | 207.21% |
NET CHANGE | ||
Cash From Operating Activities | -537.2K | -475.1K |
Cash From Investing Activities | -15.22K | -1.400K |
Cash From Financing Activities | 40.36K | 244.9K |
Net Change In Cash | -512.1K | -231.7K |
YoY Change | 86.1% | -30.05% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$537.2K | -$475.1K |
Capital Expenditures | $15.22K | $1.400K |
Free Cash Flow | -$552.4K | -$476.5K |
YoY Change | 1.0% | 9.54% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
57028 | usd | |
vrdr |
Weighted Average Incremental Borrowing Rate
WeightedAverageIncrementalBorrowingRate
|
0.05 | pure | |
us-gaap |
Finance Lease Interest Expense
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|
23925 | usd | |
us-gaap |
Finance Lease Interest Expense
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|
8688 | usd | |
CY2023Q4 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
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Finance Lease Liability Payments Due Year Two
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Finance Lease Liability Payments Due Year Three
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Finance Lease Liability Payments Due Year Four
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Finance Lease Liability Payments Due Year Five
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Finance Lease Liability Payments Due After Year Five
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Finance Lease Liability Payments Due
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Finance Lease Liability Undiscounted Excess Amount
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|
144614 | usd |
us-gaap |
Pension Contributions
PensionContributions
|
14909 | usd | |
CY2023Q4 | us-gaap |
Shares Issued
SharesIssued
|
1000000 | shares |
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001506929 | ||
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Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | ||
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Entity Emerging Growth Company
EntityEmergingGrowthCompany
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false | ||
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Document Fiscal Period Focus
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Q2 | ||
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Document Fiscal Year Focus
DocumentFiscalYearFocus
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2024 | ||
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Common Stock Shares To Be Issued Per Share Amount
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|
0.001 | |
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Preferred Stock Par Or Stated Value Per Share
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0.001 | |
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Preferred Stock Shares Authorized
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Preferred Stock Shares Issued
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Preferred Stock Shares Outstanding
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Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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Common Stock Par Or Stated Value Per Share
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|
0.001 | |
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Interest Expenses
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Document Type
DocumentType
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10-Q | ||
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2023-12-31 | ||
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000-55276 | ||
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Entity Registrant Name
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Verde Resources, Inc. | ||
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Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
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NV | ||
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Entity Tax Identification Number
EntityTaxIdentificationNumber
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32-0457838 | ||
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2 Cityplace Drive | ||
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Suite 200 | ||
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St. Louis | ||
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MO | ||
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63141 | ||
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City Area Code
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323 | ||
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538-5799 | ||
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Entity Current Reporting Status
EntityCurrentReportingStatus
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Yes | ||
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Entity Interactive Data Current
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Cost Of Revenue
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Cost Of Revenue
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|
31656 | usd |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
139361 | usd | |
us-gaap |
Cost Of Revenue
CostOfRevenue
|
79595 | usd | |
CY2023Q4 | us-gaap |
Gross Profit
GrossProfit
|
-45449 | usd |
CY2022Q4 | us-gaap |
Gross Profit
GrossProfit
|
49484 | usd |
us-gaap |
Gross Profit
GrossProfit
|
-97487 | usd | |
us-gaap |
Gross Profit
GrossProfit
|
27857 | usd | |
CY2023Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
523588 | usd |
CY2022Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
862080 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
980182 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1672522 | usd | |
CY2023Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
-523588 | usd |
CY2022Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
-862080 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
-980182 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
-1672522 | usd | |
CY2023Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-569037 | usd |
CY2022Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-812596 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1077669 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-1644665 | usd | |
CY2023Q4 | us-gaap |
Interest Expense
InterestExpense
|
43717 | usd |
CY2022Q4 | us-gaap |
Interest Expense
InterestExpense
|
1349548 | usd |
us-gaap |
Interest Expense
InterestExpense
|
84923 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
1879660 | usd | |
CY2022Q4 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1347670 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
1870 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1872007 | usd | |
CY2023Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-526338 | usd |
CY2022Q4 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2160266 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-1075799 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-3516672 | usd | |
CY2023Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022Q4 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-526338 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2160266 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-1075799 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-3516672 | usd | |
CY2023Q4 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
17701 | usd |
CY2022Q4 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-91188 | usd |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-6736 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-11368 | usd | |
CY2023Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-508637 | usd |
CY2022Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-2251454 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1082535 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-3528040 | usd | |
CY2023Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
CY2022Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.00 | ||
CY2023Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
CY2022Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | ||
CY2023Q4 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
1179634810 | shares |
CY2022Q4 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
867178851 | shares |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
1179634810 | shares | |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
867178851 | shares | |
CY2023Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1180310441 | shares |
CY2022Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
867178851 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1180310441 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
867178851 | shares | |
us-gaap |
Profit Loss
ProfitLoss
|
-1075799 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-3516672 | usd | |
us-gaap |
Accumulated Depreciation Depletion And Amortization Reclassifications From Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1
|
207586 | usd | |
us-gaap |
Accumulated Depreciation Depletion And Amortization Reclassifications From Property Plant And Equipment1
AccumulatedDepreciationDepletionAndAmortizationReclassificationsFromPropertyPlantAndEquipment1
|
79907 | usd | |
us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
51429 | usd | |
us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
65822 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
44274 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
307457 | usd | |
vrdr |
Finance Cost Interest Element Of Promissory Notes Non Cash
FinanceCostInterestElementOfPromissoryNotesNonCash
|
49490 | usd | |
vrdr |
Finance Cost Interest Element Of Promissory Notes Non Cash
FinanceCostInterestElementOfPromissoryNotesNonCash
|
1870972 | usd | |
us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
23925 | usd | |
us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
8688 | usd | |
vrdr |
Payments Of Deposit For Acquisition Of Subsidiary Company
PaymentsOfDepositForAcquisitionOfSubsidiaryCompany
|
21512 | usd | |
vrdr |
Payments Of Deposit For Acquisition Of Subsidiary Company
PaymentsOfDepositForAcquisitionOfSubsidiaryCompany
|
0 | usd | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
2069 | usd | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
0 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
30117 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
0 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
0 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
600 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-735 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-4489 | usd | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
33526 | usd | |
us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
110088 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
132718 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
17320 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
21218 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
30250 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-39864 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
83991 | usd | |
vrdr |
Increase Discrease In Advanced From Director
IncreaseDiscreaseInAdvancedFromDirector
|
-15659 | usd | |
vrdr |
Increase Discrease In Advanced From Director
IncreaseDiscreaseInAdvancedFromDirector
|
200 | usd | |
vrdr |
Advanced From Related Parties
AdvancedFromRelatedParties
|
19577 | usd | |
vrdr |
Advanced From Related Parties
AdvancedFromRelatedParties
|
202117 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-825634 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-990787 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
0 | usd | |
us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
23000 | usd | |
vrdr |
Net Cash Flows On Acquisition Of Subsidiary Company
NetCashFlowsOnAcquisitionOfSubsidiaryCompany
|
0 | usd | |
vrdr |
Net Cash Flows On Acquisition Of Subsidiary Company
NetCashFlowsOnAcquisitionOfSubsidiaryCompany
|
1140 | usd | |
us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
1403 | usd | |
us-gaap |
Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
|
469466 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1403 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-445326 | usd | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
66635 | usd | |
us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
26494 | usd | |
vrdr |
Drawdown Of Bank Loan
DrawdownOfBankLoan
|
0 | usd | |
vrdr |
Drawdown Of Bank Loan
DrawdownOfBankLoan
|
100000 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
29561 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
50000 | usd | |
us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
23925 | usd | |
us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
8688 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
55375 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | usd | |
us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
164359 | usd | |
us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
0 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1541828 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1376280 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1641441 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1391098 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
814404 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-45015 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-86533 | usd | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
|
-10342 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
727871 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-55357 | usd | |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
200409 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
418917 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
928280 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
363560 | usd |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
0 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
36220536 | usd |
CY2023Q3 | vrdr |
Share To Be Issued For Private Placement Amount
ShareToBeIssuedForPrivatePlacementAmount
|
1276828 | usd |
CY2023Q3 | vrdr |
Common Stock Subject To Forfeiture Amount
CommonStockSubjectToForfeitureAmount
|
-175985 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-549461 | usd |
CY2023Q3 | vrdr |
Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
|
-24437 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
36747481 | usd |
CY2023Q4 | vrdr |
Share To Be Issued For Private Placement Amount
ShareToBeIssuedForPrivatePlacementAmount
|
50001 | usd |
CY2023Q4 | vrdr |
Shares To Be Issued To Service Provider Amount
SharesToBeIssuedToServiceProviderAmount
|
134000 | usd |
CY2023Q4 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
0 | usd |
CY2023Q4 | vrdr |
Shares Issued For Private Placement Amount
SharesIssuedForPrivatePlacementAmount
|
215000 | usd |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-526338 | usd |
CY2023Q4 | vrdr |
Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
|
17701 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
36637845 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14148917 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
232500 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Employee Benefit Plan
StockIssuedDuringPeriodValueEmployeeBenefitPlan
|
1344200 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1356406 | usd |
CY2022Q3 | vrdr |
Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
|
79820 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14449031 | usd |
CY2022Q4 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
643000 | usd |
CY2022Q4 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
0 | usd |
CY2022Q4 | vrdr |
Shares Issued For Private Placement Amount
SharesIssuedForPrivatePlacementAmount
|
53080 | usd |
CY2022Q4 | vrdr |
Shares Issued For Conversion Of Promissory Note Pn Amount
SharesIssuedForConversionOfPromissoryNotePnAmount
|
20355000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2160266 | usd |
CY2022Q4 | vrdr |
Foreign Currency Translation Adjustment
ForeignCurrencyTranslationAdjustment
|
-91188 | usd |
CY2022Q4 | vrdr |
Fair Value Adjustment On Conversion Of Pn
FairValueAdjustmentOnConversionOfPn
|
4064450 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
37313107 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America 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 amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s periodic filings with the Securities and Exchange Commission include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In preparing these unaudited condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates.</p> | ||
us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents, accounts receivable and related party receivables, advance to suppliers and other receivables and deposits. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management also assesses the financial strength and credit worthiness of any parties to which it extends funds or trades with, and as such, it believes that any associated credit risk exposures are limited.</p> | ||
vrdr |
Risks And Uncertainties Policytextblock
RisksAndUncertaintiesPolicytextblock
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company is venturing into the production and distribution of renewable commodities that are subject to significant risks and uncertainties, including financial, operational, technological, and other risks associated with a production operation for renewable commodities, including the potential risk of business failure.</p> | ||
us-gaap |
Depreciation
Depreciation
|
79907 | usd | |
CY2023Q4 | us-gaap |
Depreciation
Depreciation
|
104988 | usd |
CY2022Q4 | us-gaap |
Depreciation
Depreciation
|
51955 | usd |
us-gaap |
Depreciation
Depreciation
|
207586 | usd | |
us-gaap |
Depreciation
Depreciation
|
79907 | usd | |
CY2023Q4 | vrdr |
Land And Building At Carrying Value
LandAndBuildingAtCarryingValue
|
712899 | usd |
CY2023Q2 | vrdr |
Land And Building At Carrying Value
LandAndBuildingAtCarryingValue
|
723981 | usd |
CY2023Q4 | vrdr |
Plant And Machinery At Carrying Value
PlantAndMachineryAtCarryingValue
|
268275 | usd |
CY2023Q4 | vrdr |
Motor Vehicles At Carrying Values
MotorVehiclesAtCarryingValues
|
575138 | usd |
CY2023Q2 | vrdr |
Plant And Machinery At Carrying Value
PlantAndMachineryAtCarryingValue
|
295701 | usd |
CY2023Q2 | vrdr |
Motor Vehicles At Carrying Values
MotorVehiclesAtCarryingValues
|
553674 | usd |
CY2023Q4 | us-gaap |
Notes Payable To Bank
NotesPayableToBank
|
537280 | usd |
CY2023Q2 | us-gaap |
Notes Payable To Bank
NotesPayableToBank
|
487790 | usd |
CY2022Q1 | us-gaap |
Share Price
SharePrice
|
0.0611 | |
CY2022Q4 | vrdr |
Issuance Shares Of Restricted Common Stock
IssuanceSharesOfRestrictedCommonStock
|
333142389 | shares |
CY2022Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
0.0611 | |
CY2023Q4 | vrdr |
Interest Expenses
InterestExpenses
|
25343 | usd |
CY2022Q4 | vrdr |
Interest Expenses
InterestExpenses
|
1344745 | usd |
CY2023Q4 | vrdr |
Interest Payable Attributable To Promissory Notes
InterestPayableAttributableToPromissoryNotes
|
3402 | usd |
vrdr |
Interest Expenses
InterestExpenses
|
49490 | usd | |
vrdr |
Interest Expenses
InterestExpenses
|
1879660 | usd | |
vrdr |
Interest Payable Attributable To Promissory Notes
InterestPayableAttributableToPromissoryNotes
|
6805 | usd | |
CY2023Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
571764 | usd |
CY2023Q4 | vrdr |
Lease Liability Operating And Finance
LeaseLiabilityOperatingAndFinance
|
823997 | usd |
CY2023Q2 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
633109 | usd |
CY2023Q2 | vrdr |
Lease Liability Operating And Finance
LeaseLiabilityOperatingAndFinance
|
830890 | usd |
CY2023Q4 | us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
32775 | usd |
CY2022Q4 | us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
25714 | usd |
us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
61345 | usd | |
us-gaap |
Lease Income
LeaseIncome
|
720000 | usd | |
vrdr |
Lease Term
LeaseTerm
|
P7Y | ||
CY2023Q4 | vrdr |
Lease Liability Accretion
LeaseLiabilityAccretion
|
1990 | usd |
vrdr |
Lease Liability Accretion
LeaseLiabilityAccretion
|
4204 | usd | |
CY2022Q4 | vrdr |
Lease Liability Accretion
LeaseLiabilityAccretion
|
2828 | usd |
vrdr |
Lease Liability Accretion
LeaseLiabilityAccretion
|
3813 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
65549 | usd | |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
65867 | usd | |
vrdr |
Lease Expense Operating And Finance
LeaseExpenseOperatingAndFinance
|
89474 | usd | |
vrdr |
Lease Expense Operating And Finance
LeaseExpenseOperatingAndFinance
|
74555 | usd | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.24 | pure | |
us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.24 | pure | |
vrdr |
Income Tax Expense At Statutory Rate
IncomeTaxExpenseAtStatutoryRate
|
-73394 | usd | |
CY2023Q4 | vrdr |
Lease Liability Operating And Finance
LeaseLiabilityOperatingAndFinance
|
823997 | usd |
CY2023Q4 | vrdr |
Operating And Finance Lease Labilities Current
OperatingAndFinanceLeaseLabilitiesCurrent
|
200431 | usd |
CY2023Q4 | vrdr |
Operating And Finance Lease Labilities Non Current
OperatingAndFinanceLeaseLabilitiesNonCurrent
|
623566 | usd |
CY2023Q4 | vrdr |
Present Value Of Lease Liabilities
PresentValueOfLeaseLiabilities
|
823997 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
10000000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1192370791 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1176200278 | shares |
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
vrdr |
Deferred Tax Assets
DeferredTaxAssets
|
1202226 | usd | |
CY2023Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
5724886 | usd |
vrdr |
Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance Three
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowanceThree
|
0.80 | pure | |
vrdr |
Loss Before Income Taxes
LossBeforeIncomeTaxes
|
-305808 | usd | |
vrdr |
Loss Before Income Taxes
LossBeforeIncomeTaxes
|
-351417 | usd | |
us-gaap |
Pension Contributions
PensionContributions
|
8869 | usd | |
vrdr |
Income Tax Expense At Statutory Rate
IncomeTaxExpenseAtStatutoryRate
|
-84340 | usd | |
vrdr |
Non Deductible Items
NonDeductibleItems
|
26122 | usd | |
vrdr |
Non Deductible Items
NonDeductibleItems
|
6178 | usd | |
vrdr |
Operating Losses Unable To Carried Forward
OperatingLossesUnableToCarriedForward
|
1255 | usd | |
vrdr |
Operating Losses Unable To Carried Forward
OperatingLossesUnableToCarriedForward
|
157 | usd | |
vrdr |
Valuation Allowance
ValuationAllowance
|
46017 | usd | |
vrdr |
Valuation Allowance
ValuationAllowance
|
78005 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2023Q4 | vrdr |
Us Tax Regime
UsTaxRegime
|
1202226 | usd |
CY2023Q2 | vrdr |
Us Tax Regime
UsTaxRegime
|
1079890 | usd |
CY2023Q4 | vrdr |
Malaysia Tax Regime
MalaysiaTaxRegime
|
163167 | usd |
CY2023Q2 | vrdr |
Malaysia Tax Regime
MalaysiaTaxRegime
|
113516 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1365393 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1193406 | usd |
CY2023Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
0 | usd |