10-K Filing

SHARING ECONOMY INTERNATIONAL INC. CIK: 819926 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001213900-12-001379`
Period End Date	20111231
Filing Date	20120328
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	cws-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 46 Cash Flow Statement 78 Stockholders Equity 39

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	30.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	16.21M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	11.00M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	16.21M	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	11.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.28M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.15M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$947.18K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$314.23K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.88M	shares	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$50.59K	USD	Point-in-time
Notes receivable	`NotesAndLoansReceivableNetCurrent`	$53.42K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.10M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$7.09M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.88M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$8.21M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.10M	shares	Point-in-time
Inventories, net of reserve for obsolete inventory	`InventoryNet`	$3.37M	USD	Point-in-time
Inventories, net of reserve for obsolete inventory	`InventoryNet`	$4.28M	USD	Point-in-time
Advances to suppliers	`DeferredCostsCurrent`	$333.92K	USD	Point-in-time
Advances to suppliers	`DeferredCostsCurrent`	$219.35K	USD	Point-in-time
Prepaid VAT on purchases	`PrepaidExpenseCurrent`	$2.76M	USD	Point-in-time
Prepaid VAT on purchases	`PrepaidExpenseCurrent`	$1.51M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$36.34K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$110.67K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$14.73M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$15.71M	USD	Point-in-time
PROPERTY AND EQUIPMENT - net	`PropertyPlantAndEquipmentNet`	$54.74M	USD	Point-in-time
PROPERTY AND EQUIPMENT - net	`PropertyPlantAndEquipmentNet`	$64.04M	USD	Point-in-time
Land use rights, net	`FiniteLivedIntangibleAssetsNet`	$3.82M	USD	Point-in-time
Land use rights, net	`FiniteLivedIntangibleAssetsNet`	$3.77M	USD	Point-in-time
Total Assets	`Assets`	$74.22M	USD	Point-in-time
Total Assets	`Assets`	$82.59M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$2.36M	USD	Point-in-time
Short-term bank loans	`ShortTermBankLoansAndNotesPayable`	$1.81M	USD	Point-in-time
Bank acceptance notes payable	`NotesPayableToBankCurrent`	-	USD	Point-in-time
Bank acceptance notes payable	`NotesPayableToBankCurrent`	$314.23K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.66M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.00M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$771.60K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$526.01K	USD	Point-in-time
Capital lease obligations- current portion	`CapitalLeaseObligationsCurrent`	$244.75K	USD	Point-in-time
Capital lease obligations- current portion	`CapitalLeaseObligationsCurrent`	-	USD	Point-in-time
VAT and service taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
VAT and service taxes payable	`TaxesPayableCurrent`	$81.61K	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$236.00K	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$1.17M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$1.33M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$592.20K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$10.44M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$11.65M	USD	Point-in-time
Capital lease obligations - net of current portion	`CapitalLeaseObligationsNoncurrent`	-	USD	Point-in-time
Capital lease obligations - net of current portion	`CapitalLeaseObligationsNoncurrent`	$381.24K	USD	Point-in-time
Total Liabilities	`Liabilities`	$10.82M	USD	Point-in-time
Total Liabilities	`Liabilities`	$11.65M	USD	Point-in-time
Preferred stock $0.001 par value (30,000,000 shares authorized, all of which were designated as series A convertible preferred, 10,995,807 and 16,205,268 shares issued and outstanding at December 31, 2011 and 2010, respectively)	`PreferredStockValue`	$11.00K	USD	Point-in-time
Preferred stock $0.001 par value (30,000,000 shares authorized, all of which were designated as series A convertible preferred, 10,995,807 and 16,205,268 shares issued and outstanding at December 31, 2011 and 2010, respectively)	`PreferredStockValue`	$16.20K	USD	Point-in-time
Common stock ($0.001 par value; 50,000,000 shares authorized; 2,101,849 and 1,875,113 shares issued and outstanding at December 31, 2011 and 2010, respectively)	`CommonStockValue`	$1.88K	USD	Point-in-time
Common stock ($0.001 par value; 50,000,000 shares authorized; 2,101,849 and 1,875,113 shares issued and outstanding at December 31, 2011 and 2010, respectively)	`CommonStockValue`	$2.10K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$27.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$26.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$34.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.26M	USD	Point-in-time
Statutory reserve	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired`	$2.06M	USD	Point-in-time
Statutory reserve	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusRequired`	$1.66M	USD	Point-in-time
Accumulated other comprehensive gain - foreign currency translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$7.58M	USD	Point-in-time
Accumulated other comprehensive gain - foreign currency translation adjustment	`AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax`	$5.03M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$71.76M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$45.33M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$62.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$82.59M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$74.22M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$55.58M	USD	Annual
REVENUES	`Revenues`	$79.55M	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$58.63M	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$42.28M	USD	Annual
GROSS PROFIT	`GrossProfit`	$13.30M	USD	Annual
GROSS PROFIT	`GrossProfit`	$20.92M	USD	Annual
Depreciation	`DepreciationNonproduction`	$319.24K	USD	Annual
Depreciation	`DepreciationNonproduction`	$1.11M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$4.01M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.09M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.41M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.12M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$8.18M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$15.51M	USD	Annual
Interest income	`InvestmentIncomeInterest`	$3.79K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$3.65K	USD	Annual
Interest expense	`InterestExpense`	$147.43K	USD	Annual
Interest expense	`InterestExpense`	$193.71K	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-15.34K	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$5.05K	USD	Annual
Grant income	`OtherNonoperatingIncome`	-	USD	Annual
Grant income	`OtherNonoperatingIncome`	$49.55K	USD	Annual
Other income	`OtherSalesRevenueNet`	-	USD	Annual
Other income	`OtherSalesRevenueNet`	$103.45K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-109.42K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-81.56K	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.10M	USD	Annual
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$15.40M	USD	Annual
INCOME TAXES	`IncomeTaxExpenseBenefit`	$2.34M	USD	Annual
INCOME TAXES	`IncomeTaxExpenseBenefit`	$4.33M	USD	Annual
NET INCOME	`ProfitLoss`	$5.76M	USD	Annual
NET INCOME	`ProfitLoss`	$11.07M	USD	Annual
NET INCOME	`ProfitLoss`	$5.76M	USD	Annual
NET INCOME	`ProfitLoss`	$11.07M	USD	Annual
Unrealized foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$2.55M	USD	Annual
Unrealized foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$1.91M	USD	Annual
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.98M	USD	Annual
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$8.31M	USD	Annual
Basic	`EarningsPerShareBasic`	$6.19	USD	Annual
Basic	`EarningsPerShareBasic`	$2.94	USD	Annual
Diluted	`EarningsPerShareDiluted`	$2.30	USD	Annual
Diluted	`EarningsPerShareDiluted`	$4.36	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.79M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.96M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.50M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.54M	shares	Annual

Cash Flow Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$5.76M	USD	Annual
Net income	`ProfitLoss`	$11.07M	USD	Annual
Depreciation	`Depreciation`	$3.19M	USD	Annual
Depreciation	`Depreciation`	$5.35M	USD	Annual
Amortization of debt discount to interest expense	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Amortization of debt discount to interest expense	`AmortizationOfDebtDiscountPremium`	$44.99K	USD	Annual
Amortization of land use rights	`AmortizationOfIntangibleAssets`	$87.20K	USD	Annual
Amortization of land use rights	`AmortizationOfIntangibleAssets`	$91.32K	USD	Annual
Increase in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$720.30K	USD	Annual
Increase in allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.01M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$546.96K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$355.86K	USD	Annual
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$-282.99K	USD	Annual
Notes receivable	`IncreaseDecreaseInNotesReceivableCurrent`	$848.00	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.91M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-694.01K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$1.04M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$761.07K	USD	Annual
Prepaid value-added taxes on purchases	`IncreaseDecreaseInPrepaidExpense`	$2.31M	USD	Annual
Prepaid value-added taxes on purchases	`IncreaseDecreaseInPrepaidExpense`	$-1.33M	USD	Annual
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$64.67K	USD	Annual
Prepaid and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-159.15K	USD	Annual
Advances to suppliers	`IncreaseDecreaseInDeferredCharges`	$-125.40K	USD	Annual
Advances to suppliers	`IncreaseDecreaseInDeferredCharges`	$-128.69K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.43M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$4.04M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$224.49K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-48.31K	USD	Annual
VAT and service taxes payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$-83.36K	USD	Annual
VAT and service taxes payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$54.10K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-777.91K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$271.62K	USD	Annual
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$906.28K	USD	Annual
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$85.69K	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$14.67M	USD	Annual
NET CASH PROVIDED BY OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$10.45M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.12M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.41M	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-11.12M	USD	Annual
NET CASH USED IN INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-19.41M	USD	Annual
Principal payments on capital lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$156.92K	USD	Annual
Principal payments on capital lease	`RepaymentsOfLongTermCapitalLeaseObligations`	-	USD	Annual
Proceeds from loans payable	`ProceedsFromOtherShortTermDebt`	$1.77M	USD	Annual
Proceeds from loans payable	`ProceedsFromOtherShortTermDebt`	$4.33M	USD	Annual
Repayment of loans payable	`RepaymentsOfOtherShortTermDebt`	$2.10M	USD	Annual
Repayment of loans payable	`RepaymentsOfOtherShortTermDebt`	$3.86M	USD	Annual
Increase in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	-	USD	Annual
Increase in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-308.95K	USD	Annual
Increase in bank acceptance notes payable	`ProceedsFromBankDebt`	$308.95K	USD	Annual
Increase in bank acceptance notes payable	`ProceedsFromBankDebt`	-	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$125.00K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$380.00K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$400.00K	USD	Annual
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$3.32M	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$831.51K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$3.37M	USD	Annual
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$37.70K	USD	Annual
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS	`EffectOfExchangeRateOnCashAndCashEquivalents`	$41.14K	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.33M	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$205.43K	USD	Annual
CASH AND CASH EQUIVALENTS - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.15M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$947.18K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.28M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of year	`CashAndCashEquivalentsAtCarryingValue`	$1.15M	USD	Point-in-time
CASH AND CASH EQUIVALENTS - end of year	`CashAndCashEquivalentsAtCarryingValue`	$947.18K	USD	Point-in-time
Interest	`InterestPaid`	$193.71K	USD	Annual
Interest	`InterestPaid`	$104.58K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$3.12M	USD	Annual
Income taxes	`IncomeTaxesPaid`	$4.05M	USD	Annual
Capital leased property in exchange for capital lease obligations	`SecurityDepositAndLeasedPropertyInExchangeForCapitalLeaseObligations`	$772.38K	USD	Annual
Capital leased property in exchange for capital lease obligations	`SecurityDepositAndLeasedPropertyInExchangeForCapitalLeaseObligations`	-	USD	Annual
Increase in property in exchange for increase in payable	`IncreaseInPropertyInExchangeForIncreaseInPayable`	-	USD	Annual
Increase in property in exchange for increase in payable	`IncreaseInPropertyInExchangeForIncreaseInPayable`	$516.53K	USD	Annual
Series A preferred converted to common shares	`StockIssuedForConvertibleSecurities`	$5.47K	USD	Annual
Series A preferred converted to common shares	`StockIssuedForConvertibleSecurities`	$5.92K	USD	Annual
Common stock issued for future service	`CommonStockIssuedForPriorAndFutureService`	$2.47K	USD	Annual
Common stock issued for future service	`CommonStockIssuedForPriorAndFutureService`	$7.83K	USD	Annual

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Stock Split, Conversion Ratio	`StockholdersEquityNoteStockSplitConversionRatio`	1.00	pure	Annual
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$71.76M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$45.33M	USD	Point-in-time
Beginning Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$62.57M	USD	Point-in-time
Beginning Balance, (shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Beginning Balance, (shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Beginning Balance, (shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Common stock issued for services	`StockIssuedDuringPeriodValueShareBasedCompensation`	$363.69K	USD	Annual
Common stock issued for services	`StockIssuedDuringPeriodValueShareBasedCompensation`	$549.43K	USD	Annual
Common stock issued for services (shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	0.00	shares	Annual
Common stock issued for services (shares)	`StockIssuedDuringPeriodSharesShareBasedCompensation`	0.00	shares	Annual
Series A preferred converted to common shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Series A preferred converted to common shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	Annual
Series A preferred converted to common shares (shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	0.00	shares	Annual
Series A preferred converted to common shares (shares)	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	0.00	shares	Annual
Exercise of stock warrants	`StockIssuedDuringPeriodValueStockOptionsExercised`	$3.32M	USD	Annual
Exercise of stock warrants	`StockIssuedDuringPeriodValueStockOptionsExercised`	$400.00K	USD	Annual
Exercise of stock warrants (shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	0.00	shares	Annual
Exercise of stock warrants (shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	0.00	shares	Annual
Sale of common stock	`CommonStockIssuedDuringPeriodNewIssues`	$125.00K	USD	Annual
Sale of common stock	`CommonStockIssuedDuringPeriodNewIssues`	$380.00K	USD	Annual
Sale of common stock (shares)	`CommonStockIssuedDuringPeriodSharesNewIssues`	0.00	shares	Annual
Sale of common stock (shares)	`CommonStockIssuedDuringPeriodSharesNewIssues`	0.00	shares	Annual
Common stock issued for debt	`StockIssuedDuringPeriodValueOther`	-	USD	Annual
Shares issued for adjustments for 1:10 reverse split (Shares)	`StockIssuedDuringPeriodSharesReverseStockSplits`	0.00	shares	Annual
Adjustment to statutory reserve	`StockholdersEquityOther`	-	USD	Annual
Adjustment to statutory reserve	`StockholdersEquityOther`	-	USD	Annual
NET INCOME	`ProfitLoss`	$5.76M	USD	Annual
NET INCOME	`ProfitLoss`	$11.07M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$2.55M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$1.91M	USD	Annual
COMPREHENSIVE INCOME, TOTAL	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$12.98M	USD	Annual
COMPREHENSIVE INCOME, TOTAL	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$8.31M	USD	Annual
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$71.76M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$45.33M	USD	Point-in-time
Ending Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$62.57M	USD	Point-in-time
Ending Balance, (shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Ending Balance, (shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Ending Balance, (shares)	`SharesOutstanding`	0.00	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.