2023 Q2 Form 20-F Financial Statement
#000101376223004045 Filed on October 16, 2023
Income Statement
Concept | 2023 Q2 | 2023 | 2022 Q2 |
---|---|---|---|
Revenue | $3.790M | ||
YoY Change | 29.52% | ||
Cost Of Revenue | $3.430M | ||
YoY Change | 27.92% | ||
Gross Profit | $360.2K | ||
YoY Change | 47.13% | ||
Gross Profit Margin | 9.5% | ||
Selling, General & Admin | $369.8K | ||
YoY Change | 38.49% | ||
% of Gross Profit | 102.67% | ||
Research & Development | $43.12K | ||
YoY Change | |||
% of Gross Profit | 11.97% | ||
Depreciation & Amortization | $129.8K | ||
YoY Change | 42.5% | ||
% of Gross Profit | 36.02% | ||
Operating Expenses | $412.9K | ||
YoY Change | 54.63% | ||
Operating Profit | -$52.72K | ||
YoY Change | 137.38% | ||
Interest Expense | $17.09K | ||
YoY Change | 133.59% | ||
% of Operating Profit | |||
Other Income/Expense, Net | $176.8K | ||
YoY Change | 110.4% | ||
Pretax Income | $124.1K | ||
YoY Change | 100.7% | ||
Income Tax | $51.71K | ||
% Of Pretax Income | 41.67% | ||
Net Earnings | $73.21K | ||
YoY Change | 88.63% | ||
Net Earnings / Revenue | 1.93% | ||
Basic Earnings Per Share | $0.01 | ||
Diluted Earnings Per Share | $0.01 | ||
COMMON SHARES | |||
Basic Shares Outstanding | 13.00M shares | 13.00M shares | |
Diluted Shares Outstanding | 13.00M shares |
Balance Sheet
Concept | 2023 Q2 | 2023 | 2022 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $41.89K | $115.3K | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $685.4K | $275.4K | |
Other Receivables | |||
Total Short-Term Assets | $1.122M | $543.4K | |
YoY Change | 106.43% | -21.86% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $530.0K | $440.0K | |
YoY Change | 20.45% | 142.6% | |
Goodwill | |||
YoY Change | |||
Intangibles | $52.81K | $75.83K | |
YoY Change | -30.36% | -10.21% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $582.9K | $515.9K | |
YoY Change | 12.98% | 94.06% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.122M | $543.4K | |
Total Long-Term Assets | $582.9K | $515.9K | |
Total Assets | $1.705M | $1.059M | |
YoY Change | 60.92% | 10.2% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $916.2K | $580.7K | |
YoY Change | 57.78% | 122.39% | |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | $183.6K | $57.19K | |
YoY Change | 221.1% | -85.5% | |
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $1.334M | $747.5K | |
YoY Change | 78.51% | 1.6% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.334M | $747.5K | |
Total Long-Term Liabilities | |||
Total Liabilities | $1.334M | $747.5K | |
YoY Change | 78.51% | 1.6% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $122.3K | $64.61K | |
YoY Change | 89.35% | 107.12% | |
Common Stock | $13.00K | $13.00K | |
YoY Change | 0.0% | 30.0% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $371.2K | $311.9K | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.705M | $1.059M | |
YoY Change | 60.92% | 10.2% |
Cashflow Statement
Concept | 2023 Q2 | 2023 | 2022 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $73.21K | ||
YoY Change | 88.63% | ||
Depreciation, Depletion And Amortization | $129.8K | ||
YoY Change | 42.5% | ||
Cash From Operating Activities | -$43.62K | ||
YoY Change | -116.18% | ||
INVESTING ACTIVITIES | |||
Capital Expenditures | $440.9K | ||
YoY Change | -3.02% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$87.93K | ||
YoY Change | -38.75% | ||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $0.00 | ||
YoY Change | -100.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $57.78K | ||
YoY Change | -158.84% | ||
NET CHANGE | |||
Cash From Operating Activities | -$43.62K | ||
Cash From Investing Activities | -$87.93K | ||
Cash From Financing Activities | $57.78K | ||
Net Change In Cash | -$73.38K | ||
YoY Change | -428.47% | ||
FREE CASH FLOW | |||
Cash From Operating Activities | -$43.62K | ||
Capital Expenditures | $440.9K | ||
Free Cash Flow | -$484.5K | ||
YoY Change | 161.89% |
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CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
370276 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
225506 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
61313 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
38811 | usd |
CY2022 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-13838 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
311792 | usd |
CY2023 | us-gaap |
Profit Loss
ProfitLoss
|
72383 | usd |
CY2022 | us-gaap |
Profit Loss
ProfitLoss
|
38811 | usd |
CY2023 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
129754 | usd |
CY2022 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
91056 | usd |
CY2023 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
98924 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
70063 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
436424 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
15638 | usd |
CY2023 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
197049 | usd |
CY2022 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-281406 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
170230 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
34906 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
389416 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
217503 | usd |
CY2023 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
132931 | usd |
CY2022 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-331299 | usd |
CY2023 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
73690 | usd |
CY2022 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
54773 | usd |
CY2023 | zkgc |
Increase Decrease In Customer Advance
IncreaseDecreaseInCustomerAdvance
|
32978 | usd |
CY2022 | zkgc |
Increase Decrease In Customer Advance
IncreaseDecreaseInCustomerAdvance
|
24207 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
27860 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
13746 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-43615 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
269596 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
440878 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
454592 | usd |
CY2022 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
13336 | usd |
CY2023 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
352946 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
324373 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-87932 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-143555 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
61313 | usd |
CY2023 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
57784 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
79181 | usd |
CY2022 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
192043 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
46650 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
57784 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-98199 | usd |
CY2023 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
385 | usd |
CY2022 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
-5503 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-73378 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
22339 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
115270 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
92931 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
41892 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
115270 | usd |
CY2022 | zkgc |
Property And Equipment Paid By Related Party
PropertyAndEquipmentPaidByRelatedParty
|
77832 | usd |
CY2022 | zkgc |
Property And Equipment For Accounts Payable
PropertyAndEquipmentForAccountsPayable
|
164123 | usd |
CY2023 | zkgc |
Property And Equipment Transfer From Construction Costs Relating To Uncompleted Contracts
PropertyAndEquipmentTransferFromConstructionCostsRelatingToUncompletedContracts
|
172098 | usd |
CY2022Q2 | zkgc |
Advance To Employee
AdvanceToEmployee
|
1501 | usd |
CY2023Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
210623 | usd |
CY2022Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
47156 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.122 | pure |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="background-color: white"><span style="text-decoration:underline">Use of estimates and assumptions</span></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="background-color: white">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, and revenue recognition. The inputs into the Company’s judgments and estimates consider the economic implications of COVID-19 on the Company’s critical and significant accounting estimates. Actual results could differ from these estimates. </span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> | |
CY2023Q2 | us-gaap |
Cash
Cash
|
42000 | usd |
CY2022Q2 | us-gaap |
Cash
Cash
|
115000 | usd |
CY2023Q2 | zkgc |
Construction Costs Related To Uncompleted Contracts
ConstructionCostsRelatedToUncompletedContracts
|
183899 | usd |
CY2023Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
183642 | usd |
CY2022Q2 | zkgc |
Construction Costs Related To Uncompleted Contracts
ConstructionCostsRelatedToUncompletedContracts
|
45630 | usd |
CY2022Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
57191 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.417 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.372 | pure |
CY2023 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
E9 | |
CY2023 | dei |
Entity Address Country
EntityAddressCountry
|
CN | |
CY2023Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2023Q2 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
48000 | usd |
CY2022Q2 | us-gaap |
Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
|
32000 | usd |
CY2023 | zkgc |
Value Added Tax Rate Description
ValueAddedTaxRateDescription
|
The VIE was subject to a 3% VAT rate through July 2021 due to qualification as a small-scale taxpayer and its value-added tax rate increased to 13% since August 2021 which was reduced to 1% until December 31, 2021 due to the Covid-19 pandemic. | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P5Y | |
CY2023 | us-gaap |
Statutory Accounting Practices Statutory To Gaap Description Of Reconciling Item
StatutoryAccountingPracticesStatutoryToGAAPDescriptionOfReconcilingItem
|
Pursuant to the laws applicable to the PRC, PRC entities must make appropriations from after-tax profit to the non-distributable “statutory surplus reserve fund”. Subject to certain cumulative limits, the “statutory surplus reserve fund” requires annual appropriations of 10% of after-tax profit until the aggregated appropriations reach 50% of the registered capital (as determined under accounting principles generally accepted in the PRC (“PRC GAAP”) at each year-end). For foreign invested enterprises and joint ventures in the PRC, annual appropriations should be made to the “reserve fund”. For foreign invested enterprises, the annual appropriation for the “reserve fund” cannot be less than 10% of after-tax profits until the aggregated appropriations reach 50% of the registered capital (as determined under PRC GAAP at each year-end). | |
CY2023 | zkgc |
Revenues Recognition Sales Returns Changes In Estimated Returns
RevenuesRecognitionSalesReturnsChangesInEstimatedReturns
|
The VIE typically pays 40% of the total contract costs to the vendors in advance when signing the contractor agreement, 30% extra is paid when receiving equipment and other materials used for construction and the remaining 30% is settled when the construction is completed, passed acceptance inspection and ready to transfer to the customer. Construction costs relating to uncompleted contracts and contract liability continue to accrue until the project wraps up. | |
CY2023 | us-gaap |
Advertising Expense
AdvertisingExpense
|
1830 | usd |
CY2022 | us-gaap |
Advertising Expense
AdvertisingExpense
|
2609 | usd |
CY2023 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
CY2023 | us-gaap |
Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
|
The amount recognized is the largest amount of tax benefit that has a greater than 50% likelihood of being realized on examination. | |
CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-20697 | usd |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-6798 | usd |
CY2023Q2 | us-gaap |
Foreign Currency Exchange Rate Remeasurement1
ForeignCurrencyExchangeRateRemeasurement1
|
0.1413 | pure |
CY2022Q2 | us-gaap |
Foreign Currency Exchange Rate Remeasurement1
ForeignCurrencyExchangeRateRemeasurement1
|
0.1501 | pure |
CY2023Q2 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
0.1447 | pure |
CY2022Q2 | us-gaap |
Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
|
0.1555 | pure |
CY2023Q2 | us-gaap |
Prepaid Rent
PrepaidRent
|
2449 | usd |
CY2022Q2 | us-gaap |
Prepaid Rent
PrepaidRent
|
10392 | usd |
CY2023Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
145047 | usd |
CY2022Q2 | us-gaap |
Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
|
35263 | usd |
CY2023Q2 | zkgc |
Advance To Employee
AdvanceToEmployee
|
63127 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
631125 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
502087 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
101077 | usd |
CY2022Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
62038 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
530049 | usd |
CY2022Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
440049 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
110754 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
72631 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
92776 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
98580 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
39969 | usd |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
22753 | usd |
CY2023 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
19000 | usd |
CY2022 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
18425 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
|
18555 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
|
18555 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
|
13880 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour
|
1817 | usd |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
52807 | usd |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
|
0.167 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
|
0.165 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.25 | pure |
CY2023 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
51712 | usd |
CY2022 | us-gaap |
Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
|
23019 | usd |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
51712 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
23019 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
|
30478 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
|
10274 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
30478 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
10274 | usd |
CY2023Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
30478 | usd |
CY2022Q2 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
10274 | usd |
CY2023Q2 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
120000 | usd |
CY2022Q2 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
40000 | usd |
CY2023 | us-gaap |
Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
|
The NOL will expire approximately $12,000 in 2026, $28,000 in 2027 and approximately $80,000 in 2028. | |
CY2023 | us-gaap |
Valuation Allowance Commentary
ValuationAllowanceCommentary
|
Management provided a 100% valuation allowance for the deferred tax assets as of May 31, 2023 and May 31, 2022. | |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.25 | pure |
CY2023Q2 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
86111 | usd |
CY2022Q2 | us-gaap |
Accrued Income Taxes
AccruedIncomeTaxes
|
37838 | usd |
CY2023Q2 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
49377 | usd |
CY2022Q2 | us-gaap |
Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
|
31610 | usd |
CY2023Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
5197 | usd |
CY2022Q2 | us-gaap |
Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
|
3572 | usd |
CY2023Q2 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
140685 | usd |
CY2022Q2 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
73020 | usd |
CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
50000000 | shares |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
us-gaap |
Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
|
182660 | usd | |
CY2021Q4 | us-gaap |
Shares Issued
SharesIssued
|
3000000 | shares |
CY2021Q4 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
61313 | usd |
CY2021Q4 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
390000 | cny |
CY2023 | us-gaap |
Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
|
0.10 | pure |
CY2023 | zkgc |
Statutory Reserve Respective Registered Capital Percentage
StatutoryReserveRespectiveRegisteredCapitalPercentage
|
0.50 | pure |
CY2023Q2 | us-gaap |
Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
|
269581 | usd |
CY2022Q2 | us-gaap |
Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
AmountOfRestrictedNetAssetsForConsolidatedAndUnconsolidatedSubsidiaries
|
254097 | usd |
CY2023 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
11679 | usd |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
19583 | usd |
CY2023Q2 | us-gaap |
Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
|
500000 | cny |
CY2023Q2 | us-gaap |
Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
|
71000 | usd |
CY2022Q2 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
usd | |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11619178 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13000000 | shares |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.00 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.01 | |
CY2023 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
usd | |
CY2022 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
usd | |
CY2023 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
usd | |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | |
CY2023 | us-gaap |
Repayments Of Other Debt
RepaymentsOfOtherDebt
|
usd | |
CY2023 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | |
CY2023 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2022 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | |
CY2023 | zkgc |
Property And Equipment Paid By Related Party
PropertyAndEquipmentPaidByRelatedParty
|
usd | |
CY2023 | zkgc |
Property And Equipment For Accounts Payable
PropertyAndEquipmentForAccountsPayable
|
usd | |
CY2022 | zkgc |
Property And Equipment Transfer From Construction Costs Relating To Uncompleted Contracts
PropertyAndEquipmentTransferFromConstructionCostsRelatingToUncompletedContracts
|
usd | |
CY2023 | us-gaap |
Revenue Recognition Sales Returns Reserve For Sales Returns
RevenueRecognitionSalesReturnsReserveForSalesReturns
|
usd | |
CY2022 | us-gaap |
Revenue Recognition Sales Returns Reserve For Sales Returns
RevenueRecognitionSalesReturnsReserveForSalesReturns
|
usd | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive
|
usd | |
CY2023Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2022Q2 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
usd | |
CY2023 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2023 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001896511 |