$YGMZ
MingZhu Logistics Holdings Ltd Stock $ygmz

$ygmz Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 20-F Financial Statement

#000121390024043662 Filed on May 15, 2024

Income Statement

Concept	2024 Q2	2023 Q4	2023 Q2
Revenue		$32.91M	$56.09M
YoY Change		-38.76%	-7.03%
Cost Of Revenue		$31.49M	$54.44M
YoY Change		-35.88%	-2.19%
Gross Profit		$1.421M	$1.653M
YoY Change		-69.34%	-64.63%
Gross Profit Margin		4.32%	2.95%
Selling, General & Admin		-$329.8K	$2.555M
YoY Change		-107.24%	-7.61%
% of Gross Profit		-23.21%	154.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization		$27.25K	$851.3K
YoY Change		-93.23%	-75.26%
% of Gross Profit		1.92%	51.5%
Operating Expenses		-$329.8K	$2.555M
YoY Change		-107.24%	-7.61%
Operating Profit		$1.751M	-$901.9K
YoY Change		2142.04%	-147.27%
Interest Expense		-$36.71K	-$413.6K
YoY Change		-95.29%	-36.6%
% of Operating Profit		-2.1%
Other Income/Expense, Net		-$234.6K	$469.7K
YoY Change		-123.64%	-46.55%
Pretax Income		$1.479M	-$845.8K
YoY Change		406.66%	-139.63%
Income Tax		$308.7K	-$40.17K
% Of Pretax Income		20.87%
Net Earnings		-$8.774M	-$805.6K
YoY Change		-3594.13%	-148.97%
Net Earnings / Revenue		-26.66%	-1.44%
Basic Earnings Per Share
Diluted Earnings Per Share		-$0.29	-$0.04
COMMON SHARES
Basic Shares Outstanding	37.11M shares		22.96M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2023 Q4	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.676M	$4.307M
YoY Change	-35.5%	16.09%
Cash & Equivalents	$3.676M
Short-Term Investments
Other Short-Term Assets	$17.26M	$10.67M
YoY Change	-39.69%	142.79%
Inventory
Prepaid Expenses
Receivables	$31.57M	$15.50M
Other Receivables	$31.34M	$39.96M
Total Short-Term Assets	$83.84M	$70.43M
YoY Change	26.55%	2.91%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.463M	$7.339M
YoY Change	-83.88%	-27.53%
Goodwill		$22.03M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$940.2K	$3.301M
YoY Change	-67.58%	-66.13%
Total Long-Term Assets	$43.51M	$43.88M
YoY Change	-3.75%	-19.2%
TOTAL ASSETS
Total Short-Term Assets	$83.84M	$70.43M
Total Long-Term Assets	$43.51M	$43.88M
Total Assets	$127.4M	$114.3M
YoY Change	14.26%	-6.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$18.43M	$40.52M
YoY Change	81.87%	283.35%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$6.810M	$13.84M
YoY Change	-32.06%	46.55%
Long-Term Debt Due	$391.2K	$920.8K
YoY Change	-33.35%	128.31%
Total Short-Term Liabilities	$82.68M	$66.98M
YoY Change	33.47%	16.48%
LONG-TERM LIABILITIES
Long-Term Debt	$121.1K	$962.4K
YoY Change	-52.21%	83.13%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$121.1K	$962.4K
YoY Change	-91.42%	83.13%
TOTAL LIABILITIES
Total Short-Term Liabilities	$82.68M	$66.98M
Total Long-Term Liabilities	$121.1K	$962.4K
Total Liabilities	$82.80M	$67.94M
YoY Change	30.69%	17.09%
SHAREHOLDERS EQUITY
Retained Earnings	$4.902M
YoY Change	-36.38%
Common Stock	$27.53K
YoY Change	19.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$44.56M	$46.36M
YoY Change
Total Liabilities & Shareholders Equity	$127.4M	$114.3M
YoY Change	14.26%	-6.87%

Cashflow Statement

Concept	2023 Q4	2023 Q2
OPERATING ACTIVITIES
Net Income	-$8.774M	-$805.6K
YoY Change	-3594.13%	-148.97%
Depreciation, Depletion And Amortization	$27.25K	$851.3K
YoY Change	-93.23%	-75.26%
Cash From Operating Activities	-$6.680M	-$3.966M
YoY Change	-8636.2%	-1.65%
INVESTING ACTIVITIES
Capital Expenditures		$0.00
YoY Change		-100.0%
Acquisitions
YoY Change
Other Investing Activities	$58.85K	$31.10K
YoY Change	-97.47%	-92.43%
Cash From Investing Activities	$58.85K	$31.10K
YoY Change	-98.39%	-103.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	5.850M	2.703M
YoY Change	-386.32%	-4.69%
NET CHANGE
Cash From Operating Activities	-6.680M	-3.966M
Cash From Investing Activities	58.85K	31.10K
Cash From Financing Activities	5.850M	2.703M
Net Change In Cash	-770.9K	-1.231M
YoY Change	-145.49%	-42.15%
FREE CASH FLOW
Cash From Operating Activities	-$6.680M	-$3.966M
Capital Expenditures		$0.00
Free Cash Flow		-$3.966M
YoY Change		47.51%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023	dei	Document Type DocumentType	20-F
CY2023	dei	Document Registration Statement DocumentRegistrationStatement	false
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-12-31
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Document Shell Company Report DocumentShellCompanyReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-39564
CY2023	dei	Entity Registrant Name EntityRegistrantName	MingZhu Logistics Holdings Limited
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	E9
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	27F, Yantian Modern Industry Service Center
CY2023	dei	Entity Address Address Line2 EntityAddressAddressLine2	No. 3018 Shayan Road
CY2023	dei	Entity Address Address Line3 EntityAddressAddressLine3	Yantian District
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Shenzhen
CY2023	dei	Entity Address Country EntityAddressCountry	CN
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	518081
CY2023	dei	Security12b Title Security12bTitle	Ordinary shares, par value US$0.001 per share
CY2023	dei	Trading Symbol TradingSymbol	YGMZ
CY2023	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2024Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	37106322	shares
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2023	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023	dei	Auditor Name AuditorName	Audit Alliance LLP
CY2023	dei	Auditor Location AuditorLocation	Singapore
CY2023	dei	Auditor Firm AuditorFirmId	3487
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3676382	usd
CY2022Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3853468	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	31566845	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	16100703	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	17261010	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	7033669	usd
CY2023Q4	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	184942	usd
CY2022Q4	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	60226	usd
CY2023Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	29156394	usd
CY2022Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	27150487	usd
CY2022Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current AssetsHeldForSaleNotPartOfDisposalGroupCurrent	10252085	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	83841763	usd
CY2022Q4	us-gaap	Assets Current AssetsCurrent	66250385	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1462795	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1459760	usd
CY2023Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	105845	usd
CY2022Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	238228	usd
CY2023Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	834307	usd
CY2022Q4	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	922434	usd
CY2023Q4	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	41109592	usd
CY2022Q4	us-gaap	Intangible Assets Net Including Goodwill IntangibleAssetsNetIncludingGoodwill	19079839	usd
CY2022Q4	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent	9348639	usd
CY2023Q4	us-gaap	Assets Noncurrent AssetsNoncurrent	43512539	usd
CY2022Q4	us-gaap	Assets Noncurrent AssetsNoncurrent	31048900	usd
CY2023Q4	us-gaap	Assets Assets	127354302	usd
CY2022Q4	us-gaap	Assets Assets	97299285	usd
CY2023Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	6809651	usd
CY2022Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	9355398	usd
CY2023Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	18431506	usd
CY2022Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	6932212	usd
CY2023Q4	us-gaap	Accounts Payable And Other Accrued Liabilities Current AccountsPayableAndOtherAccruedLiabilitiesCurrent	33568108	usd
CY2022Q4	us-gaap	Accounts Payable And Other Accrued Liabilities Current AccountsPayableAndOtherAccruedLiabilitiesCurrent	14300067	usd
CY2023Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	2199851	usd
CY2022Q4	us-gaap	Taxes Payable Current TaxesPayableCurrent	2374260	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	391178	usd
CY2022Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	586935	usd
CY2023Q4	ygmz	Current Portion Of Capital Lease And Financing Obligations CurrentPortionOfCapitalLeaseAndFinancingObligations	9529	usd
CY2022Q4	ygmz	Current Portion Of Capital Lease And Financing Obligations CurrentPortionOfCapitalLeaseAndFinancingObligations	52584	usd
CY2023Q4	ygmz	Longterm Loans From Other Financial Institutions LongtermLoansFromOtherFinancialInstitutions	13054470	usd
CY2022Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	8074978	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	82676261	usd
CY2022Q4	us-gaap	Liabilities Current LiabilitiesCurrent	47785299	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	121088	usd
CY2022Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	253352	usd
CY2022Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Noncurrent LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent	1158642	usd
CY2023Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	121088	usd
CY2022Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	1411994	usd
CY2023Q4	us-gaap	Liabilities Liabilities	82797349	usd
CY2022Q4	us-gaap	Liabilities Liabilities	49197293	usd
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	27529372	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	27529372	shares
CY2022Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	22960277	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	22960277	shares
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	27529	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	22960	usd
CY2023Q4	us-gaap	Stockholders Equity Note Subscriptions Receivable StockholdersEquityNoteSubscriptionsReceivable	847086	usd
CY2022Q4	us-gaap	Stockholders Equity Note Subscriptions Receivable StockholdersEquityNoteSubscriptionsReceivable	847086	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	41220949	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	41734546	usd
CY2023Q4	ygmz	Statutory Reserves StatutoryReserves	890021	usd
CY2022Q4	ygmz	Statutory Reserves StatutoryReserves	1036841	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	4901797	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	7704538	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1636257	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1549807	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	44556953	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	48101992	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	127354302	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	97299285	usd
CY2023	us-gaap	Revenues Revenues	89002243	usd
CY2022	us-gaap	Revenues Revenues	63515071	usd
CY2021	us-gaap	Revenues Revenues	17358914	usd
CY2023	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1865856	usd
CY2022	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2706303	usd
CY2023	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	359352	usd
CY2022	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	109346	usd
CY2021	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	367633	usd
CY2023	us-gaap	Costs And Expenses CostsAndExpenses	88153345	usd
CY2022	us-gaap	Costs And Expenses CostsAndExpenses	63615123	usd
CY2021	us-gaap	Costs And Expenses CostsAndExpenses	17846718	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	848898	usd
CY2022	us-gaap	Operating Income Loss OperatingIncomeLoss	-100052	usd
CY2021	us-gaap	Operating Income Loss OperatingIncomeLoss	-487804	usd
CY2023	us-gaap	Interest Expense InterestExpense	450323	usd
CY2022	us-gaap	Interest Expense InterestExpense	789306	usd
CY2021	us-gaap	Interest Expense InterestExpense	396188	usd
CY2023	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	33372	usd
CY2022	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	45522	usd
CY2021	us-gaap	Other Nonoperating Expense OtherNonoperatingExpense	360032	usd
CY2023	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	268454	usd
CY2022	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	1102722	usd
CY2021	us-gaap	Other Nonoperating Income OtherNonoperatingIncome	441025	usd
CY2023	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-215240	usd
CY2022	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	267894	usd
CY2021	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-315195	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	633658	usd
CY2022	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	167842	usd
CY2021	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	802999	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	268567	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	226169	usd
CY2021	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	135414	usd
CY2023	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	365091	usd
CY2022	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-58327	usd
CY2021	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	-938413	usd
CY2023	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax	-7437854	usd
CY2023	ygmz	Discontinued Operation Income Taxes Expenses From Discontinued Operations DiscontinuedOperationIncomeTaxesExpensesFromDiscontinuedOperations	-5357	usd
CY2022	ygmz	Discontinued Operation Income Taxes Expenses From Discontinued Operations DiscontinuedOperationIncomeTaxesExpensesFromDiscontinuedOperations	-303873	usd
CY2023	us-gaap	Discontinued Operation Tax Effect Of Discontinued Operation DiscontinuedOperationTaxEffectOfDiscontinuedOperation	2501640	usd
CY2022	us-gaap	Discontinued Operation Tax Effect Of Discontinued Operation DiscontinuedOperationTaxEffectOfDiscontinuedOperation	-2258388	usd
CY2023	us-gaap	Discontinued Operation Tax Effect Of Adjustment To Prior Period Gain Loss On Disposal DiscontinuedOperationTaxEffectOfAdjustmentToPriorPeriodGainLossOnDisposal	7437854	usd
CY2022	us-gaap	Discontinued Operation Tax Effect Of Adjustment To Prior Period Gain Loss On Disposal DiscontinuedOperationTaxEffectOfAdjustmentToPriorPeriodGainLossOnDisposal	7437854	usd
CY2021	us-gaap	Discontinued Operation Tax Effect Of Adjustment To Prior Period Gain Loss On Disposal DiscontinuedOperationTaxEffectOfAdjustmentToPriorPeriodGainLossOnDisposal	7437854	usd
CY2023	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	-9944851	usd
CY2022	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	1954515	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-9579760	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	1896188	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-938413	usd
CY2023	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-86450	usd
CY2022	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-1409431	usd
CY2021	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-640974	usd
CY2023	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-9666210	usd
CY2022	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	486758	usd
CY2021	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1579387	usd
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	25701734	shares
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	21429877	shares
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	19035038	shares
CY2023	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	25157299	shares
CY2022	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20885442	shares
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	15237432	shares
CY2023	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.01
CY2021	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	-0.05
CY2023	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Basic Share DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare	-0.38
CY2022	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Basic Share DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare	0.09
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.37
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.09
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2023	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.01
CY2021	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	-0.06
CY2023	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerDilutedShare	-0.39
CY2022	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerDilutedShare	0.09
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.38
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.09
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.06
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	21274290	usd
CY2021	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	21978711	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-938413	usd
CY2021	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-640974	usd
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	41673614	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	1896188	usd
CY2022	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-1409431	usd
CY2022	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	5941621	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	48101992	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-9579760	usd
CY2023	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-86450	usd
CY2023	us-gaap	Stock Issued During Period Value Acquisitions StockIssuedDuringPeriodValueAcquisitions	-509028	usd
CY2023	us-gaap	Stock Issued During Period Value Other StockIssuedDuringPeriodValueOther	6630199	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	44556953	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-9579760	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	1896188	usd
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-938413	usd
CY2023	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	-9944851	usd
CY2022	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	1954515	usd
CY2023	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	89943	usd
CY2022	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-679635	usd
CY2021	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	25070	usd
CY2023	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-521454	usd
CY2022	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	814882	usd
CY2021	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	140204	usd
CY2021	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	136602	usd
CY2023	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	106	usd
CY2022	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	223904	usd
CY2021	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	55640	usd
CY2023	us-gaap	Depreciation Depreciation	878565	usd
CY2022	us-gaap	Depreciation Depreciation	2193898	usd
CY2021	us-gaap	Depreciation Depreciation	1438310	usd
CY2023	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-115593	usd
CY2022	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-187201	usd
CY2021	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-2832	usd
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	15080021	usd
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	370912	usd
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1633476	usd
CY2023	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	8861530	usd
CY2022	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-4446773	usd
CY2021	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	3838690	usd
CY2023	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	89881	usd
CY2022	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-7335742	usd
CY2021	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-3444875	usd
CY2023	us-gaap	Increase Decrease In Finance Receivables IncreaseDecreaseInFinanceReceivables	3040646	usd
CY2022	us-gaap	Increase Decrease In Finance Receivables IncreaseDecreaseInFinanceReceivables	16621319	usd
CY2021	us-gaap	Increase Decrease In Finance Receivables IncreaseDecreaseInFinanceReceivables	11070827	usd
CY2023	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	-77456	usd
CY2022	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	99445	usd
CY2021	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	9470731	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	11118176	usd
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1686462	usd
CY2021	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-874843	usd
CY2023	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	3117965	usd
CY2022	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-6833769	usd
CY2021	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	-2989501	usd
CY2023	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	-109648	usd
CY2022	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	126848	usd
CY2021	us-gaap	Increase Decrease In Accrued Taxes Payable IncreaseDecreaseInAccruedTaxesPayable	-1422362	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-12351357	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-6662829	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-23784162	usd
CY2023	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations	2271892	usd
CY2022	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations	2708874	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-10079465	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3953955	usd
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-23784162	usd
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	12243	usd
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	199481	usd
CY2023	us-gaap	Proceeds From Sale Of Machinery And Equipment ProceedsFromSaleOfMachineryAndEquipment	89950	usd
CY2022	us-gaap	Proceeds From Sale Of Machinery And Equipment ProceedsFromSaleOfMachineryAndEquipment	24906	usd
CY2022	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	2714240	usd
CY2021	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	1477065	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	2726903	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	1277584	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	89950	usd
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	2726903	usd
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	1277584	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	89950	usd
CY2023	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	2896570	usd
CY2022	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	20528594	usd
CY2021	us-gaap	Proceeds From Short Term Debt ProceedsFromShortTermDebt	6665840	usd
CY2023	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	5178651	usd
CY2022	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	17070793	usd
CY2021	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	7433187	usd
CY2023	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	242864	usd
CY2022	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	444345	usd
CY2021	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	465059	usd
CY2023	us-gaap	Proceeds From Repayments Of Other Long Term Debt ProceedsFromRepaymentsOfOtherLongTermDebt	-547485	usd
CY2022	us-gaap	Proceeds From Repayments Of Other Long Term Debt ProceedsFromRepaymentsOfOtherLongTermDebt	-92594	usd
CY2021	us-gaap	Proceeds From Repayments Of Other Long Term Debt ProceedsFromRepaymentsOfOtherLongTermDebt	-22146	usd
CY2023	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	14290807	usd
CY2023	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	1250461	usd
CY2021	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt	300279	usd
CY2023	ygmz	Repayments Of Obligations Under Capital Leases RepaymentsOfObligationsUnderCapitalLeases	40151	usd
CY2022	ygmz	Repayments Of Obligations Under Capital Leases RepaymentsOfObligationsUnderCapitalLeases	417165	usd
CY2021	ygmz	Repayments Of Obligations Under Capital Leases RepaymentsOfObligationsUnderCapitalLeases	98972	usd
CY2023	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	3672219	usd
CY2022	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	949020	usd
CY2021	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	6787477	usd
CY2023	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	2047951	usd
CY2022	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	1455845	usd
CY2021	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	7864254	usd
CY2021	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement	18465009	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	12037761	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	2885562	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	16664547	usd
CY2023	us-gaap	Cash Provided By Used In Financing Activities Discontinued Operations CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations	-3484697	usd
CY2022	us-gaap	Cash Provided By Used In Financing Activities Discontinued Operations CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations	-2092305	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	8553064	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	793257	usd
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	16664547	usd
CY2023	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-8585	usd
CY2022	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	368989	usd
CY2021	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-11477	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1682571	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-64806	usd
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-5853508	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5687311	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5752117	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	11605625	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4004740	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5687311	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5752117	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations	328358	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations	1834006	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	3676382	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	3853305	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	5752117	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	611713	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	290107	usd
CY2021	us-gaap	Interest Paid Net InterestPaidNet	396187	usd
CY2022Q1	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	1126777	usd
CY2022Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet	8949823	usd
CY2022Q4	us-gaap	Dividends Cash DividendsCash	9550000	usd
CY2022Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables	3746298	usd
CY2023	us-gaap	Income Taxes Paid IncomeTaxesPaid	195237	usd
CY2022	us-gaap	Income Taxes Paid IncomeTaxesPaid	77177	usd
CY2021	us-gaap	Income Taxes Paid IncomeTaxesPaid	1435366	usd
CY2023	ygmz	Noncash Capital Leases To Acquire Revenue Equipment NoncashCapitalLeasesToAcquireRevenueEquipment	52977	usd
CY2021	ygmz	Noncash Capital Leases To Acquire Revenue Equipment NoncashCapitalLeasesToAcquireRevenueEquipment	102054	usd
CY2021	ygmz	Uncollected Receivable From Disposal Of Revenue Equipment UncollectedReceivableFromDisposalOfRevenueEquipment	175215	usd
CY2023	us-gaap	Nature Of Operations NatureOfOperations	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Note 1 – Nature of business and organization</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">MingZhu Logistics Holdings Limited (“MingZhu Cayman”) is a holding company incorporated in the Cayman Islands on January 2, 2018 under the laws of the Cayman Islands. The Company are engaged in various businesses through our subsidiaries and controlled entities in China.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 30, 2023, the Company disposed the entirety of its interest in Cheyi Network, which conduct car-hailing and driver management services, by entering into a VIE Termination Agreement whereby the Cheyi WFOE and Cheyi terminated the Master Exclusive Service Agreement, Business Cooperation Agreement, Proxy Agreement, Exclusive Option Agreement, Equity Interest Pledge Agreement and Letter of Confirmation and Undertaking. Following the termination, the Company received no new income from Cheyi BVI and had no further involvement or continuing influence over its operations. Effective December 30, 2023, on the date of termination, he Company determined that the Company met the “held for sale” criteria and the “discontinued operations” criteria in accordance with Financial Accounting Standard Boards (“FASB”) Accounting Standards Codification (“ASC”) 205, Presentation of Financial Statements, (“FASB ASC 205”). Please refer to Note 3, “Discontinued Operations” for further information about the discontinued businesses. The Consolidated Financial Statements were restated for all periods presented to reflect the discontinuation of the car-hailing and driver management services business in accordance with FASB ASC 205. The discussion in the notes to these Consolidated Financial Statements, unless otherwise noted, relate solely to the Company’s continuing operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Reorganization</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A reorganization of the Company’s legal structure was completed on April 13, 2018. The reorganization involved the incorporation of MingZhu Cayman, and its wholly-owned subsidiaries, MingZhu BVI, and MingZhu HK; and the transfer of all equity ownership of Shenzhen Yangang Mingzhu Freight Industry Co., Ltd (“MingZhu”) to MingZhu HK from the former shareholders of MingZhu. In consideration of the transfer, the Company issued 1,000 shares of the Company with par value $0.001 (HKD 0.01) per share to the former shareholders of MingZhu.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On April 13, 2018, the former shareholders transferred their 100% ownership interest in MingZhu to MingZhu HK, which is 100% owned by MingZhu Cayman through MingZhu BVI. After the reorganization, MingZhu Cayman owns 100% equity interests of MingZhu BVI, MingZhu HK and MingZhu. The controlling shareholder of MingZhu Cayman is same as of MingZhu prior to the reorganization.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">MingZhu was incorporated on July 10, 2002 in Shenzhen, Guangdong under the laws of the PRC. Shenzhen Pengcheng Shengshi Logistics Co., Ltd. (“MingZhu Pengcheng”), a company providing trucking services, was incorporated on April 7, 2010 in Shenzhen, Guangdong under the laws of the PRC. Prior to the reorganization, MingZhu and MingZhu Pengcheng were under common control. On November 10, 2017, for the purpose of reorganization so that the business of the Company could be rearranged to be under a common holding company, the entire equity interest of MingZhu Pengcheng was transferred to MingZhu.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">These two transactions were between entities under common control, and therefore accounted for in a manner similar to the pooling of interest method. Under the pooling-of-interests method, combination between two businesses under common control is accounted for at carrying amounts with retrospective adjustment of prior period financial statements, and the equity accounts of the combining entities are combined and the difference between the consideration paid and the net assets acquired is reflected as an equity transaction (i.e., distribution to parent company). As opposed to the purchase method of accounting, no intangible assets are recognized in the transaction, and no goodwill is recognized as a result of the combination.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On September 5, 2018, MingZhu HK established its wholly-owned subsidiary, Shenzhen Yangang Mingzhu Supply Chain Management Co., Ltd (“MingZhu Management”), a PRC company. MingZhu Management engages in providing transportation and supply chain management services.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">With the effect of resolutions passed by board of directors on February 12, 2020, the authorized number of ordinary shares increased from 38,000,000 to 50,000,000 with a par value of $0.001 instead of HKD 0.01 and the issued number of ordinary shares increased from 1,000 to 9,250,000 with a par value of $0.001 instead of HKD 0.01. With the effect of resolution passed by board of directors on May 21, 2020, the issued number of ordinary shares decreased from 9,250,000 to 9,000,000. As of the date hereof, the authorized number of ordinary shares is 50,000,000 with a par value of $0.001 and the issued number of ordinary shares is 9,000,000.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On October 21, 2020, the Company completed the initial public offering (“IPO”) of 3,000,000 ordinary shares at a public offering price of US$4.00 per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On October 30, 2020, the underwriter and sole book-runner of our underwritten IPO, exercised the partial over-allotment option and purchased an additional 350,000 ordinary shares of the Company at the IPO price of US$4.00 per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 4, 2020, the underwriter and sole book-runner of our underwritten IPO, further exercised the partial over-allotment option and purchased an additional 4,040 ordinary shares of the Company at the IPO price of US$4.00 per share.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 12, 2021, the Company closed its direct public offering of 3,333,335 units of its securities (each, a “Unit”), with each Unit consisting of (i) one ordinary share of the Company, par value $0.001 per share, and (ii) one warrant to purchase 0.75 ordinary share. The Company sold the Units at a price of $6.00 per Unit. The Company received gross proceeds from the Offering, before deducting estimated offering expenses payable by the Company, of approximately $18,000,000.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On April 21, 2021, the underwriter and sole book-runner of our underwritten IPO, exercised its partial warrant and purchased a total of 214,286 ordinary shares of the Company with no cash in consideration.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On June 14, 2021, the underwriter and sole book-runner of our underwritten IPO, exercised its partial warrant and purchased a total of 43,616 ordinary shares of the Company with no cash in consideration.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 29, 2021 (“Acquisition Date”), the Company entered into a Share Purchase Agreement (the “SPA”) to acquire 100% of the equity interest of Cheyi (BVI) Limited (the “Cheyi BVI”) which operates its business through its subsidiary Zhejiang Cheyi Network Technology Co., Ltd. (the “Cheyi Network”), an integrated online car-hailing and driver management services company. Pursuant to the agreement, the total consideration for the acquisition of 100% equity ownership of Cheyi BVI is an aggregate of U.S. $23,470,712, consisting of the issuance by the Company to the shareholders of Cheyi BVI an aggregate of 3,189,000 fully paid Company’s ordinary shares (being U.S. $6,760,680 of $2.12 per share) and payment of $2,000,000 at closing, and Year-2021 earnout payment of U.S. $8,826,019 and Year-2022 earnout payment of U.S. $5,884,013 if the Cheyi BVI’s audited net income for its fiscal year 2021 and 2022 is no less than U.S. $3,000,000 respectively. The two earnout payments are due 13 months upon the delivery of Cheyi BVI’s audited financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The transaction was accounted for in accordance with the provisions of ASC 805-10, Business Combinations. The values assigned in these financial statements represent management’s best estimate of fair values as of the Acquisition Date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As required by ASC 805-20, Business Combinations – Identifiable Assets and Liabilities, and Any Noncontrolling Interest, management conducted a review to reassess whether they identified all the assets acquired and all the liabilities assumed and followed ASC 805-20’s measurement procedures for recognition of the fair value of net assets acquired. According to ASC 820, the fair value hierarchy gives the highest priority to unadjusted quoted prices in active markets as the most reliable fair value measurement, and the lowest priority to unobservable inputs. According to ASC 820-10-35-41, the valuation of shares issued in the acquisitions and purchase consideration is recognized on the quoted trading price of the Company’s ordinary shares on the date of acquisitions. The quoted closing prices for the Company’s ordinary shares on NASDAQ on the dates of the acquisitions of Cheyi BVI was $2.12 per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the allocation of estimated fair values of net assets acquired and liabilities assumed:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Recognized amounts of identifiable assets acquired and liabilities</td><td> </td> <td colspan="2" style="text-align: right"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: justify; padding-left: 9pt">Accounts receivable, net</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">216,572</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 9pt">Prepayments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">575,913</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 9pt">Others receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,761,164</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 9pt">Equipment, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">9,980,931</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 9pt">Deferred tax assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">10</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 9pt">Deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">595,149</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 9pt">Short-term bank borrowings</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,647,679</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 9pt">Accounts and notes payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(803,784</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 9pt">Others payable and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,631,611</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-left: 9pt">Tax payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,859,485</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 9pt">Capital lease and financing obligations</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(2,351,104</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt; padding-left: 9pt">Total identifiable net assets</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">7,836,077</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-left: 9pt">Add: Goodwill</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">14,157,570</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: justify; padding-bottom: 1.5pt">Total purchase price for acquisition net of $1,477,065 of cash</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">21,993,647</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 14, 2022, the Company entered into a Share Purchase Agreement with Yinhua which develops and operates a comprehensive auto related service platform to serve auto insurance companies, and each of the shareholders of the Yinhua.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under terms of the share purchase agreement, we shall pay $10,076,600 in exchange for 100% equity of Yinhua. Of the total consideration to be paid, $7,078,100 shall be paid in form of 3,826,000 newly issued ordinary shares of the Company, representing $1.85 per ordinary share of the Company, and $1,000,000 upon closing. In addition, a cash earnout of $1,998,500 shall be paid if Yinhua achieves a net income target threshold of $1.3 million during the calendar year of 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Founded in 2018, Yinhua provides diversified, differentiated and customized value-added auto related services to auto insurance companies, where the services include road security services, car maintenance services, car inspection services and other services. Yinhua develops and operates a comprehensive auto related service platform for auto insurance companies combining intelligent human-vehicle interaction functions with car owner programs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On March 18, 2022, the parties completed the transaction. Upon the closing of the transaction, the Company acquired 100% shares outstanding of the Yinhua, and the Company issued 3,826,000 ordinary shares and paid $1,000,000 to the sellers.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As required by ASC 805-20, Business Combinations – Identifiable Assets and Liabilities, and Any Noncontrolling Interest, management conducted a review to reassess whether they identified all the assets acquired and all the liabilities assumed, and followed ASC 805-20’s measurement procedures for recognition of the fair value of net assets acquired. According to ASC 820, the fair value hierarchy gives the highest priority to unadjusted quoted prices in active markets as the most reliable fair value measurement, and the lowest priority to unobservable inputs. According to ASC 820-10-35-41, the valuation of shares issued in the acquisitions and purchase consideration is recognized on the quoted trading price of the Company’s ordinary shares on the date of acquisitions. The quoted closing prices for the Company’s ordinary shares on NASDAQ on the dates of the acquisitions of Yinhua was $1.85 per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the allocation of estimated fair values of net assets acquired and liabilities assumed:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Recognized amounts of identifiable assets acquired and liabilities assumed</td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: justify">Accounts receivable, net</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">4,519,839</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Prepayments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,050,558</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Equipment, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,504</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Deferred tax assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">16,415</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Short-term bank borrowings</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(193,339</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Others payable and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(7,685,086</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Tax payable</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,126,777</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Total identifiable net assets</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,585,114</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Goodwill</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">5,364,709</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: justify; padding-bottom: 1.5pt">Total purchase price for acquisition net of $1,126,777 of cash</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">8,949,823</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 21, 2022, the Company entered into a Share Purchase Agreement with Feipeng BVI which provides regional trucking services, and each of the shareholders of the Feipeng BVI, pursuant to which, among other things and subject to the terms and conditions contained therein, the Company acquired 100% of Feipeng BVI for approximately $14,540,436, of which US $9,550,000 will be paid in cash upon closing in form of cash. Feipeng BVI shall receive a certain number of shares valued at $4,990,436 if it achieves a targeted net income of US$2.4 million during the calendar year 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 21, 2022, the Company entered into a Share Purchase Agreement with Feipeng BVI which provides regional trucking services, and each of the shareholders of the Feipeng BVI, pursuant to which, among other things and subject to the terms and conditions contained therein, the Company acquired 100% of Feipeng BVI for approximately $14,540,436, of which US $9,550,000 will be paid in cash upon closing in form of cash. Feipeng BVI shall receive a certain number of shares valued at $4,990,436 if it achieves a targeted net income of US$2.4 million during the calendar year 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On December 21, 2022, the parties completed the transaction. Upon the closing of the transaction, we acquired 100% of the outstanding shares of the Feipeng BVI, and we paid $9,550,000 in cash to the sellers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the allocation of estimated fair values of net assets acquired and liabilities assumed:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Recognized amounts of identifiable assets acquired and liabilities assumed</td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: justify">Accounts receivable, net</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">3,746,298</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Prepayments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">550,944</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Other receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">246,748</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Equipment, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">123,446</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Deposits</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">610,393</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Accounts payable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,546,037</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Short-term bank borrowings</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,884,823</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Others payable and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,383,077</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Amount due to related parties</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,552,719</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Tax payable</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(21,589</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Total identifiable net liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,110,416</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Goodwill</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">13,715,130</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 1.5pt">Total purchase price for acquisition net of $1,935,722 of cash</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">12,604,714</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has included the operating results of Feipeng BVI in its consolidated financial statements since the Acquisition Date. $<span style="-sec-ix-hidden: hidden-fact-97">nil</span> in net sales and $<span style="-sec-ix-hidden: hidden-fact-98">nil</span> in net income of Feipeng BVI were included in the consolidated financial statements for the years ended December 31, 2022.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On May 26, 2023, the Company entered into a Share Purchase Agreement with the Alliance BVI, which is engaged in liquor distribution via its VIE, and each of the shareholders of the Alliance BVI. Under terms of the share purchase agreement, the Company shall pay $21,292,948 in exchange for 100% equity of Alliance BVI. Of the total consideration to be paid, $5,208,768 shall be paid in form of 4,569,095 newly issued ordinary shares of the Company, representing $1.14 per ordinary share of the Company upon closing. In addition, a cash earnout of $8,042,090 shall be paid if Alliance BVI achieves a net income target threshold of $2.0 million during the calendar year of 2024 and 2025, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table summarizes the allocation of estimated fair values of net assets acquired and liabilities assumed:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td style="font-weight: bold; text-align: justify">Recognized amounts of identifiable assets acquired and liabilities assumed</td><td> </td> <td colspan="2" style="text-align: justify"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 88%; text-align: justify">Prepayments</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">1,587,580</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Other receivables</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">106,839</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Inventory</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">29,846</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify">Property and equipment, net</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">868,434</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Others payable and accrued liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(3,326,020</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Tax payable</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(3,483</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">Total identifiable net liabilities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(736,805</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: justify; padding-bottom: 1.5pt">Goodwill</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">22,029,753</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: justify; padding-bottom: 1.5pt">Total purchase price for acquisition net of $0 of cash</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">21,292,948</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has included the operating results of Alliance BVI in its consolidated financial statements since the Acquisition Date. $1,154,091 in net sales and $427,171 in net income of Alliance BVI were included in the consolidated financial statements for the years ended December 31, 2023.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2022, the authorized number of ordinary shares is 50,000,000 with a par value of $0.001 and the issued number of ordinary shares is 27,529,372. </p>
CY2018Q2	us-gaap	Sale Of Stock Number Of Shares Issued In Transaction SaleOfStockNumberOfSharesIssuedInTransaction	1000	shares
CY2018Q2	ygmz	Price Per Share PricePerShare	0.001
CY2020Q1	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.001
CY2020Q2	us-gaap	Excess Stock Shares Issued ExcessStockSharesIssued	9000000	shares
CY2021Q1	us-gaap	Partners Capital Account Public Sale Of Units Net Of Offering Costs PartnersCapitalAccountPublicSaleOfUnitsNetOfOfferingCosts	3333335	usd
CY2021Q1	us-gaap	Payments For Repurchase Of Warrants PaymentsForRepurchaseOfWarrants	0.75	usd
CY2021Q1	us-gaap	Shares Issued Price Per Share SharesIssuedPricePerShare	6
CY2021Q1	ygmz	Offering Expenses Payable OfferingExpensesPayable	18000000	usd
CY2021Q2	ygmz	Warrant Purchased Total WarrantPurchasedTotal	214286	usd
CY2021Q2	ygmz	Warrant Purchased Total WarrantPurchasedTotal	43616	usd
CY2021Q4	ygmz	Aggregate Value AggregateValue	23470712	usd
CY2021Q4	ygmz	Aggregate Shares AggregateShares	3189000	shares
CY2021	ygmz	Earnout Payment EarnoutPayment	8826019	usd
CY2022	ygmz	Earnout Payment EarnoutPayment	5884013	usd
CY2021	ygmz	Net Incomes NetIncomes	3000000	usd
CY2022	ygmz	Net Incomes NetIncomes	3000000	usd
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables	216572	usd
CY2021Q4	ygmz	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepayments BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepayments	575913	usd
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther	4761164	usd
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Equipment BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment	9980931	usd
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Assets BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssets	10	usd
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Financial Assets BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets	595149	usd
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents	1647679	usd
CY2021Q4	ygmz	Accounts And Notes Payable AccountsAndNotesPayable	803784	usd
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther	1631611	usd
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities	1859485	usd
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation	2351104	usd
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet	7836077	usd
CY2021Q4	us-gaap	Goodwill Goodwill	14157570	usd
CY2021Q4	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	1477065	usd
CY2021Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet	21993647	usd
CY2023	us-gaap	Sale Of Stock Consideration Received On Transaction SaleOfStockConsiderationReceivedOnTransaction	7078100	usd
CY2023Q4	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	3826000	shares
CY2023Q4	us-gaap	Temporary Equity Redemption Price Per Share TemporaryEquityRedemptionPricePerShare	1.85
CY2023Q4	ygmz	Closing Price ClosingPrice	1000000	usd
CY2023Q4	ygmz	Quoted Closing Price Per Share QuotedClosingPricePerShare	1.85
CY2022Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables	4519839	usd
CY2022Q1	ygmz	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepayments BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepayments	8050558	usd
CY2022Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Equipment BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment	3504	usd
CY2022Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Assets BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxAssets	16415	usd
CY2022Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents	193339	usd
CY2022Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther	7685086	usd
CY2022Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities	1126777	usd
CY2022Q1	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet	3585114	usd
CY2022Q1	us-gaap	Goodwill Goodwill	5364709	usd
CY2022Q4	ygmz	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepayments BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepayments	550944	usd
CY2022Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther	246748	usd
CY2022Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Equipment BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEquipment	123446	usd
CY2022Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Financial Assets BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFinancialAssets	610393	usd
CY2022Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Accounts Payable BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable	1546037	usd
CY2022Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents	1884823	usd
CY2022Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther	1383077	usd
CY2022Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssets	1552719	usd
CY2022Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities	21589	usd
CY2022Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet	-1110416	usd
CY2022Q4	us-gaap	Goodwill Goodwill	13715130	usd
CY2022Q4	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	1935722	usd
CY2022Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet	12604714	usd
CY2023Q2	us-gaap	Payments To Acquire Equity Method Investments PaymentsToAcquireEquityMethodInvestments	21292948	usd
CY2023Q2	us-gaap	Sale Of Stock Consideration Received On Transaction SaleOfStockConsiderationReceivedOnTransaction	5208768	usd
CY2023Q2	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	4569095	shares
CY2023Q2	us-gaap	Temporary Equity Redemption Price Per Share TemporaryEquityRedemptionPricePerShare	1.14
CY2023Q2	ygmz	Earnout Payment EarnoutPayment	8042090	usd
CY2023Q2	us-gaap	Net Investment Income NetInvestmentIncome	2000000	usd
CY2023Q2	ygmz	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepayments BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepayments	1587580	usd
CY2023Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther	106839	usd
CY2023Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory	29846	usd
CY2023Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment	868434	usd
CY2023Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther	3326020	usd
CY2023Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Deferred Tax Liabilities BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDeferredTaxLiabilities	3483	usd
CY2023Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet	-736805	usd
CY2023Q2	us-gaap	Goodwill Goodwill	22029753	usd
CY2023Q2	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	0	usd
CY2023Q2	us-gaap	Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet	21292948	usd
CY2023	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet	1154091	usd
CY2023	ygmz	Net Income NetIncome	427171	usd
CY2022Q4	us-gaap	Excess Stock Shares Issued ExcessStockSharesIssued	50000000	shares
CY2022Q4	us-gaap	Sale Of Stock Price Per Share SaleOfStockPricePerShare	0.001
CY2022Q4	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	27529372
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Use of estimates and assumptions</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">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 disclosures of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the periods presented. Significant accounting estimates reflected in the Company’s consolidated financial statements include the useful lives of property and equipment, impairment of long-lived assets, the fair value of the reporting unit for the goodwill impairment test, allowance for credit losses, provision for contingent liabilities, revenue recognition, deferred taxes and uncertain tax position. Actual results could differ from these estimates.</p>
CY2023	us-gaap	Allowance For Doubtful Accounts Receivable Recoveries AllowanceForDoubtfulAccountsReceivableRecoveries	1033204	usd
CY2023	ygmz	Property And Equipment Net Percentage PropertyAndEquipmentNetPercentage	0.05	pure
CY2023	ygmz	Current Portion Of Capital Lease And Financing Obligation CurrentPortionOfCapitalLeaseAndFinancingObligation	9529	usd
CY2022	ygmz	Current Portion Of Capital Lease And Financing Obligation CurrentPortionOfCapitalLeaseAndFinancingObligation	757088	usd
CY2023	ygmz	Long Term Portion Of Capital Lease And Financing Obligations LongTermPortionOfCapitalLeaseAndFinancingObligations	0	usd
CY2022	ygmz	Long Term Portion Of Capital Lease And Financing Obligations LongTermPortionOfCapitalLeaseAndFinancingObligations	1158642	usd
CY2023	ygmz	Percentage Of Value Added Tax PercentageOfValueAddedTax	0.13	pure
CY2023	us-gaap	Revenues Revenues	89002243	usd
CY2022	us-gaap	Revenues Revenues	63515071	usd
CY2021	us-gaap	Revenues Revenues	17358914	usd
CY2023	us-gaap	Advertising Expense AdvertisingExpense	359352	usd
CY2022	us-gaap	Advertising Expense AdvertisingExpense	109346	usd
CY2021	us-gaap	Advertising Expense AdvertisingExpense	367633	usd
CY2023	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	128880	usd
CY2022	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	847666	usd
CY2021	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	31145	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Tax Credits Other EffectiveIncomeTaxRateReconciliationTaxCreditsOther	0.50	pure
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.38
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.09
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.06
CY2023	ygmz	Percentage Of After Tax Profits PercentageOfAfterTaxProfits	0.10	pure
CY2023	ygmz	Percentage Of Registered Capital PercentageOfRegisteredCapital	0.50	pure
CY2023	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	4	pure
CY2023	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="text-decoration:underline">Concentrations of Risks</span></p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 0in"></td><td style="width: 0.25in; text-align: left">(a)</td><td style="text-align: justify">Foreign currency risk</td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A majority of the Company’s expense transactions are denominated in RMB and a significant portion of the Company and its subsidiaries’ assets and liabilities are denominated in RMB. RMB is not freely convertible into foreign currencies. In the PRC, certain foreign exchange transactions are required by law to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China (“PBOC”). It is difficult to predict how market forces or PRC or U.S. government policy may impact the exchange rate between the RMB and the U.S. dollar in the future. The change in the value of the RMB relative to the U.S. dollar may affect the Company’s financial results reported in the U.S. dollar terms without giving effect to any underlying changes in the Company’s business or results of operations. Remittances in currencies other than RMB by the Company in China must be processed through the PBOC or other China foreign exchange regulatory bodies which require certain supporting documentation in order to affect the remittance.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As a result, the Company is exposed to foreign exchange risk as revenues and results of operations may be affected by fluctuations in the exchange rate between the U.S. dollar and RMB. If the RMB depreciates against the U.S. dollar, the value of RMB revenues, earnings and assets as expressed in U.S. dollar financial statements will decline. The Company has not entered into any hedging transactions in an effort to reduce its exposure to foreign exchange risk.</p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 2%; text-align: justify">(b)</td> <td style="width: 98%; text-align: justify">Concentration of Credit risk</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to a significant concentration of credit risk consist primarily of cash. As of December 31, 2023, and 2022, substantially most of the Company’s cash were held by major financial institutions located in the PRC, which management believes are of high credit quality.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the credit risk related to accounts receivable, the Company performs ongoing credit evaluations of its customers. The Company establishes an allowance for doubtful accounts based upon estimates, factors surrounding the credit risk of specific customers and other information. The allowance amounts were immaterial for all periods presented.</p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 2%; text-align: justify">(c)</td> <td style="width: 98%; text-align: justify">Customer concentration risk</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the year ended December 31, 2023, three customers accounted for 17.2%, 13.9% and 10.7%. For the year ended December 31, 2022, one customer accounted for 15.6% of the Company’s total revenues. For the year ended December 31, 2021, two customers accounted for 23.0% and 13.7% of the Company’s total revenues. No other customer accounts for more than 10% of the Company’s revenue for the years ended December 31, 2023, 2022 and 2021, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, two customers accounted for 35.4% and 21.7% of the total balance of accounts receivable. As of December 31, 2022, two customers accounted for 15.2% and 10.4% of the total balance of accounts receivable. No other customer accounts for more than 10% of the Company’s accounts receivable as of December 31, 2023 and 2022, respectively.</p><table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 2%; text-align: justify">(d)</td> <td style="width: 98%; text-align: justify">Vendor concentration risk</td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For the year ended December 31, 2023, two vendors accounted for 20.5% and 10.9% of the Company’s total costs. For the year ended December 31, 2022, one vendor accounted for 11.1% of the Company’s total costs. For the year ended December 31, 2021, three subcontractors accounted for 33.4%, 18.8% and 10.3% of the Company’s total subcontracting costs. No other vendors accounts for more than 10% of the Company’s total costs for the years ended December 31, 2023, 2022 and 2021, respectively.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of December 31, 2023, two vendors accounted for 40.8% and 12.7% of the total balance of accounts and notes payable. As of December 31, 2022, one vendor accounted for 18.6% of the total balance of accounts and notes payable. No other subcontractor accounts for more than 10% of the Company’s accounts and notes payable as of December 31, 2023 and 2022, respectively.</p>
CY2023	ygmz	Number Of Customers NumberOfCustomers	2	pure
CY2023Q4	us-gaap	Disposal Group Including Discontinued Operation Cash And Cash Equivalents DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents	328358	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Cash And Cash Equivalents DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents	1833843	usd
CY2023Q4	us-gaap	Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet	1888383	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Accounts Notes And Loans Receivable Net DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet	3026618	usd
CY2023Q4	ygmz	Disposal Group Including Discontinuedd Operation Prepayments Current DisposalGroupIncludingDiscontinueddOperationPrepaymentsCurrent	238566	usd
CY2022Q4	ygmz	Disposal Group Including Discontinuedd Operation Prepayments Current DisposalGroupIncludingDiscontinueddOperationPrepaymentsCurrent	306192	usd
CY2023Q4	ygmz	Disposal Group Including Discontinuedd Operation Other Receivables DisposalGroupIncludingDiscontinueddOperationOtherReceivables	945753	usd
CY2022Q4	ygmz	Disposal Group Including Discontinuedd Operation Other Receivables DisposalGroupIncludingDiscontinueddOperationOtherReceivables	2735617	usd
CY2023Q4	ygmz	Disposal Group Including Discontinued Operation Loans Receivable DisposalGroupIncludingDiscontinuedOperationLoansReceivable	-3361151	usd
CY2022Q4	ygmz	Disposal Group Including Discontinued Operation Loans Receivable DisposalGroupIncludingDiscontinuedOperationLoansReceivable	-1472217	usd
CY2023Q4	ygmz	Disposal Group Including Discontinued Operation Amount Due From Related Parties DisposalGroupIncludingDiscontinuedOperationAmountDueFromRelatedParties	-4306134	usd
CY2022Q4	ygmz	Disposal Group Including Discontinued Operation Amount Due From Related Parties DisposalGroupIncludingDiscontinuedOperationAmountDueFromRelatedParties	-877598	usd
CY2023Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current Other AssetsHeldForSaleNotPartOfDisposalGroupCurrentOther	11068345	usd
CY2022Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current Other AssetsHeldForSaleNotPartOfDisposalGroupCurrentOther	10252085	usd
CY2023Q4	us-gaap	Disposal Group Including Discontinued Operation Property Plant And Equipment Current DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentCurrent	6320716	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Property Plant And Equipment Current DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentCurrent	7613938	usd
CY2023Q4	us-gaap	Disposal Group Including Discontinued Operation Deferred Tax Assets DisposalGroupIncludingDiscontinuedOperationDeferredTaxAssets	9	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Deferred Tax Assets DisposalGroupIncludingDiscontinuedOperationDeferredTaxAssets	9	usd
CY2023Q4	ygmz	Disposal Group Including Discontinued Operations Deposits DisposalGroupIncludingDiscontinuedOperationsDeposits	-1700347	usd
CY2022Q4	ygmz	Disposal Group Including Discontinued Operations Deposits DisposalGroupIncludingDiscontinuedOperationsDeposits	-1734692	usd
CY2023Q4	us-gaap	Disposal Group Including Discontinued Operation Assets Noncurrent DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent	8021071	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Assets Noncurrent DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent	9348639	usd
CY2023Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group AssetsHeldForSaleNotPartOfDisposalGroup	19089416	usd
CY2022Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group AssetsHeldForSaleNotPartOfDisposalGroup	19600724	usd
CY2023Q4	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	1158360	usd
CY2022Q4	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	666937	usd
CY2023Q4	us-gaap	Disposal Group Including Discontinued Operation Accounts Payable Current DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent	2891018	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Accounts Payable Current DisposalGroupIncludingDiscontinuedOperationAccountsPayableCurrent	3202323	usd
CY2023Q4	us-gaap	Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities Current DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilitiesCurrent	2525421	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Accounts Payable And Accrued Liabilities Current DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilitiesCurrent	597037	usd
CY2023Q4	ygmz	Disposal Group Including Discontinued Operation Tax Payable DisposalGroupIncludingDiscontinuedOperationTaxPayable	2771059	usd
CY2022Q4	ygmz	Disposal Group Including Discontinued Operation Tax Payable DisposalGroupIncludingDiscontinuedOperationTaxPayable	2904176	usd
CY2023Q4	ygmz	Disposal Group Including Discontinued Operation Current Portion Of Capital Lease And Financing Obligations DisposalGroupIncludingDiscontinuedOperationCurrentPortionOfCapitalLeaseAndFinancingObligations	-686900	usd
CY2022Q4	ygmz	Disposal Group Including Discontinued Operation Current Portion Of Capital Lease And Financing Obligations DisposalGroupIncludingDiscontinuedOperationCurrentPortionOfCapitalLeaseAndFinancingObligations	-704504	usd
CY2023Q4	us-gaap	Disposal Group Including Discontinued Operation Other Current Liabilities DisposalGroupIncludingDiscontinuedOperationOtherCurrentLiabilities	10032758	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Other Current Liabilities DisposalGroupIncludingDiscontinuedOperationOtherCurrentLiabilities	8074978	usd
CY2023Q4	ygmz	Disposal Group Including Discontinued Operation Longterm Bank Borrowings DisposalGroupIncludingDiscontinuedOperationLongtermBankBorrowings	-687902	usd
CY2022Q4	ygmz	Disposal Group Including Discontinued Operation Longterm Bank Borrowings DisposalGroupIncludingDiscontinuedOperationLongtermBankBorrowings	-1158642	usd
CY2023Q4	us-gaap	Disposal Group Including Discontinued Operation Other Noncurrent Liabilities DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentLiabilities	687902	usd
CY2022Q4	us-gaap	Disposal Group Including Discontinued Operation Other Noncurrent Liabilities DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentLiabilities	1158642	usd
CY2023Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	10720659	usd
CY2022Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation	9233620	usd
CY2023	us-gaap	Disposal Group Including Discontinued Operation Revenue DisposalGroupIncludingDiscontinuedOperationRevenue	12784074	usd
CY2022	us-gaap	Disposal Group Including Discontinued Operation Revenue DisposalGroupIncludingDiscontinuedOperationRevenue	50558732	usd
CY2023	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	13020751	usd
CY2022	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	43966881	usd
CY2023	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	869482	usd
CY2022	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	2940140	usd
CY2023	us-gaap	Other Selling And Marketing Expense OtherSellingAndMarketingExpense	403754	usd
CY2022	us-gaap	Other Selling And Marketing Expense OtherSellingAndMarketingExpense	675307	usd
CY2023	us-gaap	Disposal Group Including Discontinued Operation Operating Income Loss DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss	-1509913	usd
CY2022	us-gaap	Disposal Group Including Discontinued Operation Operating Income Loss DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss	2976405	usd
CY2023	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-60824	usd
CY2022	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-718017	usd
CY2023	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Before Income Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax	-1570737	usd
CY2022	us-gaap	Discontinued Operation Income Loss From Discontinued Operation Before Income Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax	2258388	usd
CY2023	us-gaap	Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal DiscontinuedOperationTaxExpenseBenefitFromProvisionForGainLossOnDisposal	-5357	usd
CY2022	us-gaap	Discontinued Operation Tax Expense Benefit From Provision For Gain Loss On Disposal DiscontinuedOperationTaxExpenseBenefitFromProvisionForGainLossOnDisposal	-303873	usd
CY2023	us-gaap	Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax	-1576094	usd
CY2022	us-gaap	Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax	1954515	usd
CY2023	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations	2271892	usd
CY2022	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations	2708874	usd
CY2023	us-gaap	Cash Provided By Used In Financing Activities Discontinued Operations CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations	-3484697	usd
CY2022	us-gaap	Cash Provided By Used In Financing Activities Discontinued Operations CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations	-2092305	usd
CY2023Q4	us-gaap	Cash Held In Foreign Currency CashHeldInForeignCurrency	3676382	usd
CY2022Q4	us-gaap	Cash Held In Foreign Currency CashHeldInForeignCurrency	3853468	usd
CY2023Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	31931892	usd
CY2022Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	17046464	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	945761	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	365047	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	31566845	usd
CY2022Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	16100703	usd
CY2023Q4	ygmz	Prepayments Liquor PrepaymentsLiquor	373281	usd
CY2023Q4	ygmz	Prepayment Legal PrepaymentLegal	222556	usd
CY2022Q4	ygmz	Prepayment Legal PrepaymentLegal	222556	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	17261010	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	945761	usd
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	152768	usd
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	217676	usd
CY2023	ygmz	Adoption Asu201613 AdoptionASU201613	365047	usd
CY2023	us-gaap	Provision For Other Credit Losses ProvisionForOtherCreditLosses	-927055	usd
CY2022	us-gaap	Provision For Other Credit Losses ProvisionForOtherCreditLosses	804613	usd
CY2021	us-gaap	Provision For Other Credit Losses ProvisionForOtherCreditLosses	140204	usd
CY2021	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	136602	usd
CY2023	ygmz	Exchange Rate Effect ExchangeRateEffect	-18706	usd
CY2022	ygmz	Exchange Rate Effect ExchangeRateEffect	-11620	usd
CY2021	ygmz	Exchange Rate Effect ExchangeRateEffect	-68510	usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	365047	usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	945761	usd
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	152768	usd
CY2023Q4	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	4890716	usd
CY2022Q4	us-gaap	Other Prepaid Expense Current OtherPrepaidExpenseCurrent	1569781	usd
CY2023Q4	ygmz	Prepayment Fuel PrepaymentFuel	240048	usd
CY2022Q4	ygmz	Prepayment Fuel PrepaymentFuel	212047	usd
CY2023Q4	us-gaap	Prepaid Insurance PrepaidInsurance	16724	usd
CY2022Q4	us-gaap	Prepaid Insurance PrepaidInsurance	92630	usd
CY2023Q4	us-gaap	Supplies Supplies	71309	usd
CY2022Q4	us-gaap	Supplies Supplies	54543	usd
CY2023Q4	ygmz	Prepayments Car Servicess PrepaymentsCarServicess	7638237	usd
CY2022Q4	ygmz	Prepayments Car Servicess PrepaymentsCarServicess	4279810	usd
CY2023Q4	ygmz	Prepayments Telecommunication Services Expenses PrepaymentsTelecommunicationServicesExpenses	3808139	usd
CY2022Q4	ygmz	Prepayments Telecommunication Services Expenses PrepaymentsTelecommunicationServicesExpenses	544306	usd
CY2022Q4	ygmz	Prepayments Vehicles PrepaymentsVehicles	57995	usd
CY2022Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	7033669	usd
CY2023Q4	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	184942	usd
CY2022Q4	us-gaap	Accounts And Other Receivables Net Current AccountsAndOtherReceivablesNetCurrent	60226	usd
CY2023	ygmz	Interestfree Advances InterestfreeAdvances	29156394	usd
CY2022	ygmz	Interestfree Advances InterestfreeAdvances	27150487	usd
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	10283275	usd
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	11048332	usd
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	8820480	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	9588572	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1462795	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1459760	usd
CY2023	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	878565	usd
CY2022	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	2193898	usd
CY2021	us-gaap	Cost Of Goods And Services Sold Depreciation CostOfGoodsAndServicesSoldDepreciation	1438310	usd
CY2023	ygmz	Revenue Cost RevenueCost	1545903	usd
CY2023Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	1545903	usd
CY2023	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	89950	usd
CY2023Q4	us-gaap	Disposal Group Deferred Gain On Disposal DisposalGroupDeferredGainOnDisposal	89950	usd
CY2022	us-gaap	Equipment Expense EquipmentExpense	2640705	usd
CY2022Q4	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	1420491	usd
CY2022	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	540579	usd
CY2022Q4	us-gaap	Disposal Group Deferred Gain On Disposal DisposalGroupDeferredGainOnDisposal	679635	usd
CY2023Q4	ygmz	Capital Leases CapitalLeases	9529	usd
CY2023Q4	us-gaap	Property Subject To Or Available For Operating Lease Accumulated Depreciation PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation	64	usd
CY2022Q4	us-gaap	Deposits Assets DepositsAssets	922434	usd
CY2023Q4	us-gaap	Deposits Assets DepositsAssets	834307	usd
CY2023	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	22029753	usd
CY2023Q4	us-gaap	Goodwill Gross GoodwillGross	22029753	usd
CY2021Q4	ygmz	Percentage Of Equity Interest PercentageOfEquityInterest	1	pure
CY2021Q4	ygmz	Equity Ownership Percentage EquityOwnershipPercentage	1	pure
CY2021Q4	ygmz	Aggregate Value AggregateValue	23470712	usd
CY2021Q4	ygmz	Aggregate Shares AggregateShares	3189000	shares
CY2021	ygmz	Earnout Payment EarnoutPayment	8826019	usd
CY2022	ygmz	Earnout Payment EarnoutPayment	5884013	usd
CY2021	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	3000000	usd
CY2022	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	3000000	usd
CY2022	ygmz	Purchase Amount PurchaseAmount	10076600	usd
CY2022	ygmz	Issued Ordinary Shares IssuedOrdinaryShares	3826000	shares
CY2023Q4	us-gaap	Share Price SharePrice	1.85
CY2023Q4	us-gaap	Mine Reclamation And Closing Liability Noncurrent MineReclamationAndClosingLiabilityNoncurrent	1000000	usd
CY2023Q4	us-gaap	Cash And Due From Banks CashAndDueFromBanks	1998500	usd
CY2022	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1300000	usd
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum	1	pure
CY2022Q1	us-gaap	Excess Stock Shares Issued ExcessStockSharesIssued	3826000	shares
CY2023	us-gaap	Dividends Common Stock Paidinkind DividendsCommonStockPaidinkind	1000000	usd
CY2023Q4	ygmz	Quoted Closing Price Per Share QuotedClosingPricePerShare	1.85
CY2023Q4	us-gaap	Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill	14540436	usd
CY2023Q4	us-gaap	Assets Designated To Closed Block Cash And Cash Equivalents AssetsDesignatedToClosedBlockCashAndCashEquivalents	9550000	usd
CY2023	us-gaap	Net Income Loss Allocated To General Partners NetIncomeLossAllocatedToGeneralPartners	2400000	usd
CY2022Q4	ygmz	Outstanding Shares In Percentage OutstandingSharesInPercentage	1	pure
CY2022Q4	us-gaap	Derivative Cash Received On Hedge DerivativeCashReceivedOnHedge	9550000	usd
CY2023Q2	us-gaap	Payments To Acquire Real Estate PaymentsToAcquireRealEstate	21292948	usd
CY2023Q2	us-gaap	Public Utilities Approved Return On Equity Percentage PublicUtilitiesApprovedReturnOnEquityPercentage	1	pure
CY2023Q2	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	4569095	shares
CY2023Q2	us-gaap	Investment Company Market Value Per Share InvestmentCompanyMarketValuePerShare	1.14
CY2023Q2	ygmz	Cash Earnout CashEarnout	8042090	usd
CY2023Q2	us-gaap	Net Investment In Lease Change In Present Value Interest Income NetInvestmentInLeaseChangeInPresentValueInterestIncome	2000000	usd
CY2023Q2	ygmz	Consideration Amount ConsiderationAmount	21292948	usd
CY2023	us-gaap	Loans And Leases Receivable Gain Loss On Sales Net LoansAndLeasesReceivableGainLossOnSalesNet	1154091	usd
CY2023Q4	ygmz	Rental Deposits RentalDeposits	1100301	usd
CY2022Q4	ygmz	Rental Deposits RentalDeposits	308153	usd
CY2023Q4	ygmz	Salary Payable SalaryPayable	302074	usd
CY2022Q4	ygmz	Salary Payable SalaryPayable	117632	usd
CY2023Q4	us-gaap	Other Liabilities OtherLiabilities	20362	usd
CY2022Q4	us-gaap	Other Liabilities OtherLiabilities	107856	usd
CY2023Q4	ygmz	Receipt In Advance ReceiptInAdvance	6817197	usd
CY2022Q4	ygmz	Receipt In Advance ReceiptInAdvance	2758120	usd
CY2023Q4	ygmz	Payable Under Acquisition PayableUnderAcquisition	24123116	usd
CY2022Q4	ygmz	Payable Under Acquisition PayableUnderAcquisition	8678357	usd
CY2023Q4	ygmz	Advance For Operational Purpose AdvanceForOperationalPurpose	1205058	usd
CY2022Q4	ygmz	Advance For Operational Purpose AdvanceForOperationalPurpose	916332	usd
CY2022Q4	ygmz	Lending With No Interests LendingWithNoInterests	1413617	usd
CY2023Q4	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	33568108	usd
CY2022Q4	us-gaap	Accounts Payable And Other Accrued Liabilities AccountsPayableAndOtherAccruedLiabilities	14300067	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	391178	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	586935	usd
CY2023Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	121088	usd
CY2022Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	253352	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	512266	usd
CY2022Q4	us-gaap	Long Term Debt LongTermDebt	840287	usd
CY2023	us-gaap	Interest Expense Debt InterestExpenseDebt	72449	usd
CY2022	us-gaap	Interest Expense Debt InterestExpenseDebt	45130	usd
CY2021	us-gaap	Interest Expense Debt InterestExpenseDebt	14184	usd
CY2023Q2	us-gaap	Temporary Equity Accretion Of Interest TemporaryEquityAccretionOfInterest	1	cny
CY2022Q1	us-gaap	Temporary Equity Accretion Of Interest TemporaryEquityAccretionOfInterest	1	cny
CY2022Q4	us-gaap	Temporary Equity Accretion Of Interest TemporaryEquityAccretionOfInterest	1	cny
CY2022Q4	ygmz	Capital Leases Future Minimum Payment Receivable Remainder Of Fiscal Year CapitalLeasesFutureMinimumPaymentReceivableRemainderOfFiscalYear	865348	usd
CY2022Q4	ygmz	Capital Leases Present Minimum Payments Receivable Remainder Of Fiscal Year CapitalLeasesPresentMinimumPaymentsReceivableRemainderOfFiscalYear	757088	usd
CY2022Q4	ygmz	Capital Leases Future Minimum Payment Receivable Current CapitalLeasesFutureMinimumPaymentReceivableCurrent	774057	usd
CY2022Q4	ygmz	Capital Leases Present Minimum Payments Receivable Next Rolling Twelve Months CapitalLeasesPresentMinimumPaymentsReceivableNextRollingTwelveMonths	670952	usd
CY2022Q4	ygmz	Capital Leases Future Minimum Payment Receivable In Two Years CapitalLeasesFutureMinimumPaymentReceivableInTwoYears	473265	usd
CY2022Q4	ygmz	Capital Leases Present Minimum Payments Receivable In Two Years CapitalLeasesPresentMinimumPaymentsReceivableInTwoYears	410226	usd
CY2022Q4	ygmz	Capital Leases Future Minimum Payment Receivable Due Thereafter CapitalLeasesFutureMinimumPaymentReceivableDueThereafter	89368	usd
CY2022Q4	ygmz	Capital Leases Present Minimum Payments Receivable Due Thereafter CapitalLeasesPresentMinimumPaymentsReceivableDueThereafter	77464	usd
CY2022Q4	ygmz	Capital Leases Future Minimum Payment Receivable CapitalLeasesFutureMinimumPaymentReceivable	2202038	usd
CY2022Q4	ygmz	Present Value Of Minimum Lease Payments Total PresentValueOfMinimumLeasePaymentsTotal	1915730	usd
CY2022Q4	ygmz	Less Amount Representing Interest Minimum Lease Payments LessAmountRepresentingInterestMinimumLeasePayments	-286308	usd
CY2022Q4	ygmz	Minimum Lease Payments MinimumLeasePayments	1915730	usd
CY2022Q4	ygmz	Present Value Of Minimum Lease Payments PresentValueOfMinimumLeasePayments	1915730	usd
CY2022Q4	ygmz	Less Current Maturitie LessCurrentMaturitie	-757088	usd
CY2022Q4	ygmz	Capital Leases Obligation Longterm CapitalLeasesObligationLongterm	1158642	usd
CY2023Q4	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	9529	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	449364	usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	449364	usd
CY2023	ygmz	Rental Expenses RentalExpenses	420265	usd
CY2022	ygmz	Rental Expenses RentalExpenses	306396	usd
CY2021	ygmz	Rental Expenses RentalExpenses	111024	usd
CY2023Q4	us-gaap	Other Receivables OtherReceivables	1729594	usd
CY2022Q4	us-gaap	Other Receivables OtherReceivables	1799747	usd
CY2023Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	8211968	usd
CY2022Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	6108866	usd
CY2023Q4	us-gaap	Investment Owned Balance Principal Amount InvestmentOwnedBalancePrincipalAmount	8533888	usd
CY2023Q4	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	6657340	usd
CY2022Q4	us-gaap	Investment Owned Balance Principal Amount InvestmentOwnedBalancePrincipalAmount	9119643	usd
CY2022Q4	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	8313519	usd
CY2023Q4	us-gaap	Loans And Leases Receivable Related Parties LoansAndLeasesReceivableRelatedParties	13054470	usd
CY2023Q4	us-gaap	Loans Receivable With Fixed Rates Of Interest1 LoansReceivableWithFixedRatesOfInterest1	10	usd
CY2023Q4	us-gaap	Interest Receivable And Other Assets InterestReceivableAndOtherAssets	54981	usd
CY2023Q4	ygmz	Deferred Tax Asset DeferredTaxAsset	105845	usd
CY2022Q4	ygmz	Deferred Tax Asset DeferredTaxAsset	238228	usd
CY2023Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts	105845	usd
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts	238228	usd
CY2023Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	343661	usd
CY2022Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	375025	usd
CY2023Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	237816	usd
CY2022Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	136797	usd
CY2023Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense DeferredTaxAssetsTaxDeferredExpense	105845	usd
CY2022Q4	us-gaap	Deferred Tax Assets Tax Deferred Expense DeferredTaxAssetsTaxDeferredExpense	238228	usd
CY2023Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards State And Local DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal	587000	usd
CY2023	ygmz	Vat Description VatDescription	Revenue from provision of trucking services, liquor distribution and car owner services are generally subject to VAT at the rate of 9%, 6% and 6%.
CY2023Q4	us-gaap	Sales And Excise Tax Payable Current And Noncurrent SalesAndExciseTaxPayableCurrentAndNoncurrent	-209380	usd
CY2022Q4	us-gaap	Sales And Excise Tax Payable Current And Noncurrent SalesAndExciseTaxPayableCurrentAndNoncurrent	626548	usd
CY2023Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	2385897	usd
CY2022Q4	us-gaap	Accrued Income Taxes AccruedIncomeTaxes	1635351	usd
CY2023Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	23334	usd
CY2022Q4	us-gaap	Accrual For Taxes Other Than Income Taxes Current And Noncurrent AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent	112361	usd
CY2023Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	2199851	usd
CY2022Q4	us-gaap	Taxes Payable Current And Noncurrent TaxesPayableCurrentAndNoncurrent	2374260	usd
CY2020Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2020Q4	ygmz	Common Stock Par Value Per Share CommonStockParValuePerShare	0.001
CY2023	us-gaap	Payments For Underwriting Expense PaymentsForUnderwritingExpense	2457357	usd
CY2023	ygmz	Net Proceeds NetProceeds	10958803	usd
CY2021Q1	us-gaap	Partners Capital Account Units PartnersCapitalAccountUnits	3333335	shares
CY2021Q1	ygmz	Common Stock Par Value Per Share CommonStockParValuePerShare	0.001
CY2021Q1	us-gaap	Payments For Repurchase Of Warrants PaymentsForRepurchaseOfWarrants	0.75	usd
CY2021Q1	us-gaap	Shares Issued Price Per Share SharesIssuedPricePerShare	6
CY2021Q1	ygmz	Offering Expenses Payable OfferingExpensesPayable	18000000	usd
CY2021Q2	ygmz	Warrant And Purchased Total Of Ordinary Shares WarrantAndPurchasedTotalOfOrdinaryShares	214286	shares
CY2021Q2	ygmz	Warrant And Purchased Total Of Ordinary Shares WarrantAndPurchasedTotalOfOrdinaryShares	43616	shares
CY2021Q4	ygmz	Equity Interest Percentage EquityInterestPercentage	1	pure
CY2021Q4	ygmz	Equity Ownership Percentage EquityOwnershipPercentage	1	pure
CY2021Q4	ygmz	Aggregate Value AggregateValue	23470712	usd
CY2021Q4	ygmz	Aggregate Shares AggregateShares	3189000	shares
CY2021	ygmz	Earnout Payment EarnoutPayment	8826019	usd
CY2022	ygmz	Earnout Payment EarnoutPayment	5884013	usd
CY2021	ygmz	Net Incomes NetIncomes	3000000	usd
CY2022	ygmz	Net Incomes NetIncomes	3000000	usd
CY2022Q1	ygmz	Purchase Agreement PurchaseAgreement	10076600	usd
CY2022Q1	ygmz	Equity Interest Percentage EquityInterestPercentage	1	pure
CY2022Q1	ygmz	Consideration Paid ConsiderationPaid	7078100	usd
CY2022Q1	ygmz	Closing File ClosingFile	1000000	usd
CY2022	ygmz	Cash Earnout CashEarnout	1998500	usd
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum	1	pure
CY2022Q1	ygmz	Sellers Sellers	1000000	usd
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum	1	pure
CY2023Q2	ygmz	Aggregate Value AggregateValue	21292948	usd
CY2023Q2	ygmz	Earnout Payment EarnoutPayment	8042090	usd
CY2023Q2	us-gaap	Net Investment Income NetInvestmentIncome	2000000	usd
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2023Q4	ygmz	Common Stock Par Value Per Share CommonStockParValuePerShare	0.001
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	27529372	shares
CY2023Q4	ygmz	Unpaid Capital Contribution UnpaidCapitalContribution	851045	usd
CY2022Q4	ygmz	Unpaid Capital Contribution UnpaidCapitalContribution	847086	usd
CY2023	ygmz	After Tax Percentage AfterTaxPercentage	0.10	pure
CY2023	ygmz	Register Capital Percentage RegisterCapitalPercentage	0.50	pure
CY2023	us-gaap	Statutory Accounting Practices Statutory Net Income Amount StatutoryAccountingPracticesStatutoryNetIncomeAmount	890021	usd
CY2022	us-gaap	Statutory Accounting Practices Statutory Net Income Amount StatutoryAccountingPracticesStatutoryNetIncomeAmount	1036841	usd
CY2023Q4	us-gaap	Lessee Operating Lease Term Of Contract LesseeOperatingLeaseTermOfContract	P1Y
CY2023	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	4	pure
CY2023	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	4	pure
CY2023Q4	us-gaap	Assets Net AssetsNet	89002243	usd
CY2022Q4	us-gaap	Assets Net AssetsNet	63515071	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1462795	usd
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1459760	usd
CY2023	dei	Document Accounting Standard DocumentAccountingStandard	U.S. GAAP
CY2023Q4	us-gaap	Assets Held For Sale Not Part Of Disposal Group Current AssetsHeldForSaleNotPartOfDisposalGroupCurrent		usd
CY2023Q4	us-gaap	Assets Held In Trust Noncurrent AssetsHeldInTrustNoncurrent		usd
CY2022Q4	ygmz	Longterm Loans From Other Financial Institutions LongtermLoansFromOtherFinancialInstitutions		usd
CY2023Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent		usd
CY2023Q4	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Noncurrent LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent		usd
CY2022	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax		usd
CY2021	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax		usd
CY2021	ygmz	Discontinued Operation Income Taxes Expenses From Discontinued Operations DiscontinuedOperationIncomeTaxesExpensesFromDiscontinuedOperations		usd
CY2021	us-gaap	Discontinued Operation Tax Effect Of Discontinued Operation DiscontinuedOperationTaxEffectOfDiscontinuedOperation		usd
CY2021	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax		usd
CY2022	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare
CY2021	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Basic Share DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare
CY2022	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare
CY2021	us-gaap	Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax Per Diluted Share DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerDilutedShare
CY2022	ygmz	Appropriation To Statutory Reserves AppropriationToStatutoryReserves		usd
CY2023	ygmz	Appropriation To Statutory Reserves AppropriationToStatutoryReserves		usd
CY2021	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax		usd
CY2023	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs		usd
CY2022	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs		usd
CY2021	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations		usd
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment		usd
CY2021	us-gaap	Proceeds From Sale Of Machinery And Equipment ProceedsFromSaleOfMachineryAndEquipment		usd
CY2023	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition		usd
CY2023	us-gaap	Cash Provided By Used In Investing Activities Discontinued Operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations		usd
CY2022	us-gaap	Cash Provided By Used In Investing Activities Discontinued Operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations		usd
CY2021	us-gaap	Cash Provided By Used In Investing Activities Discontinued Operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations		usd
CY2022	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt		usd
CY2021	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt		usd
CY2022	us-gaap	Repayments Of Other Long Term Debt RepaymentsOfOtherLongTermDebt		usd
CY2023	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement		usd
CY2022	us-gaap	Proceeds From Issuance Of Private Placement ProceedsFromIssuanceOfPrivatePlacement		usd
CY2021	us-gaap	Cash Provided By Used In Financing Activities Discontinued Operations CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations		usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Disposal Group Including Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroupIncludingDiscontinuedOperations		usd
CY2022	ygmz	Noncash Capital Leases To Acquire Revenue Equipment NoncashCapitalLeasesToAcquireRevenueEquipment		usd
CY2023	ygmz	Uncollected Receivable From Disposal Of Revenue Equipment UncollectedReceivableFromDisposalOfRevenueEquipment		usd
CY2022	ygmz	Uncollected Receivable From Disposal Of Revenue Equipment UncollectedReceivableFromDisposalOfRevenueEquipment		usd
CY2022	us-gaap	Gain Loss On Sales Of Loans Net GainLossOnSalesOfLoansNet		usd
CY2022	ygmz	Net Income NetIncome		usd
CY2023Q1	ygmz	Decrease To Opening Retained Earnings DecreaseToOpeningRetainedEarnings		usd
CY2023Q4	ygmz	Disposal Group Including Discontinued Operation Amount Due To Related Parties DisposalGroupIncludingDiscontinuedOperationAmountDueToRelatedParties		usd
CY2022Q4	ygmz	Disposal Group Including Discontinued Operation Amount Due To Related Parties DisposalGroupIncludingDiscontinuedOperationAmountDueToRelatedParties		usd
CY2023Q4	ygmz	Disposal Group Including Discontinued Operation Long Term Debt Current DisposalGroupIncludingDiscontinuedOperationLongTermDebtCurrent		usd
CY2022Q4	ygmz	Disposal Group Including Discontinued Operation Long Term Debt Current DisposalGroupIncludingDiscontinuedOperationLongTermDebtCurrent		usd
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent		usd
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable		usd
CY2022	ygmz	Adoption Asu201613 AdoptionASU201613		usd
CY2021	ygmz	Adoption Asu201613 AdoptionASU201613		usd
CY2023	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs		usd
CY2022	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs		usd
CY2023Q4	ygmz	Prepayments Vehicles PrepaymentsVehicles		usd
CY2022Q4	ygmz	Prepayments Liquor PrepaymentsLiquor		usd
CY2022Q4	us-gaap	Goodwill Gross GoodwillGross		usd
CY2023	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss		usd
CY2023	ygmz	Effects Of Exchange Rate Changes EffectsOfExchangeRateChanges		usd
CY2023Q4	ygmz	Lending With No Interests LendingWithNoInterests		usd
CY2022Q4	ygmz	Less Amount Representing Interest LessAmountRepresentingInterest		usd
CY2023Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo		usd
CY2022Q4	us-gaap	Loans And Leases Receivable Related Parties LoansAndLeasesReceivableRelatedParties		usd
CY2022Q4	us-gaap	Interest Receivable And Other Assets InterestReceivableAndOtherAssets		usd
CY2021Q4	us-gaap	Interest Receivable And Other Assets InterestReceivableAndOtherAssets		usd
CY2023Q4	us-gaap	Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries		usd
CY2022Q4	us-gaap	Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries		usd
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001782037

Files In Submission

Name	View Source	Status
ygmz-20231231_pre.xml	Edgar Link	unprocessable
0001213900-24-043662-index-headers.html	Edgar Link	pending
0001213900-24-043662-index.html	Edgar Link	pending
0001213900-24-043662.txt	Edgar Link	pending
0001213900-24-043662-xbrl.zip	Edgar Link	pending
ea0205403-20f_mingzhu.htm	Edgar Link	pending
ea020540301ex10-4_mingzhu.htm	Edgar Link	pending
ea020540301ex10-5_mingzhu.htm	Edgar Link	pending
ea020540301ex10-6_mingzhu.htm	Edgar Link	pending
ea020540301ex10-7_mingzhu.htm	Edgar Link	pending
ea020540301ex10-8_mingzhu.htm	Edgar Link	pending
ea020540301ex10-9_mingzhu.htm	Edgar Link	pending
ea020540301ex12-1_mingzhu.htm	Edgar Link	pending
ea020540301ex12-2_mingzhu.htm	Edgar Link	pending
ea020540301ex13-1_mingzhu.htm	Edgar Link	pending
ea020540301ex13-2_mingzhu.htm	Edgar Link	pending
ea020540301ex2-4_mingzhu.htm	Edgar Link	pending
ea020540301ex8-1_mingzhu.htm	Edgar Link	pending
ea020540301ex97-1_mingzhu.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
image_001.jpg	Edgar Link	pending
image_002.jpg	Edgar Link	pending
image_003.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R100.htm	Edgar Link	pending
R101.htm	Edgar Link	pending
R102.htm	Edgar Link	pending
R103.htm	Edgar Link	pending
R104.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R69.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R70.htm	Edgar Link	pending
R71.htm	Edgar Link	pending
R72.htm	Edgar Link	pending
R73.htm	Edgar Link	pending
R74.htm	Edgar Link	pending
R75.htm	Edgar Link	pending
R76.htm	Edgar Link	pending
R77.htm	Edgar Link	pending
R78.htm	Edgar Link	pending
R79.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R80.htm	Edgar Link	pending
R81.htm	Edgar Link	pending
R82.htm	Edgar Link	pending
R83.htm	Edgar Link	pending
R84.htm	Edgar Link	pending
R85.htm	Edgar Link	pending
R86.htm	Edgar Link	pending
R87.htm	Edgar Link	pending
R88.htm	Edgar Link	pending
R89.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
R90.htm	Edgar Link	pending
R91.htm	Edgar Link	pending
R92.htm	Edgar Link	pending
R93.htm	Edgar Link	pending
R94.htm	Edgar Link	pending
R95.htm	Edgar Link	pending
R96.htm	Edgar Link	pending
R97.htm	Edgar Link	pending
R98.htm	Edgar Link	pending
R99.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
ygmz-20231231.xsd	Edgar Link	pending
ygmz-20231231_def.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
ygmz-20231231_cal.xml	Edgar Link	unprocessable
ygmz-20231231_lab.xml	Edgar Link	unprocessable
ea0205403-20f_mingzhu_htm.xml	Edgar Link	completed

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$YGMZ
MingZhu Logistics Holdings Ltd Stock $ygmz

2024 Q2 Form 20-F Financial Statement

#000121390024043662 Filed on May 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$YGMZ MingZhu Logistics Holdings Ltd Stock $ygmz

2024 Q2 Form 20-F Financial Statement

#000121390024043662 Filed on May 15, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$YGMZ
MingZhu Logistics Holdings Ltd Stock $ygmz