10-Q Filing

FORTUNE VALLEY TREASURES, INC. CIK: 1626745 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-019615`
Period End Date	20210630
Filing Date	20210813
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 101 Cash Flow Statement 72 Stockholders Equity 25

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	3.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	313.10M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	313.10M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$420.40K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	313.10M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$249.84K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	313.10M	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$2.47M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$1.19M	USD	Point-in-time
Inventories	`InventoryNet`	$144.56K	USD	Point-in-time
Inventories	`InventoryNet`	$136.36K	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssets`	$2.58M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssets`	$383.81K	USD	Point-in-time
Due from related parties	`DueFromEmployeesCurrent`	$29.81K	USD	Point-in-time
Due from related parties	`DueFromEmployeesCurrent`	$984.81K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.23M	USD	Point-in-time
Deposits paid	`DepositsAssetsNoncurrent`	$671.92K	USD	Point-in-time
Deposits paid	`DepositsAssetsNoncurrent`	$1.68M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$47.81K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$89.03K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$153.25K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$400.96K	USD	Point-in-time
Operating lease right-of-use assets, related parties	`OperatingLeaseRightofuseAssetsToRelatedParties`	$104.43K	USD	Point-in-time
Operating lease right-of-use assets, related parties	`OperatingLeaseRightofuseAssetsToRelatedParties`	$160.01K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$2.65M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.03M	USD	Point-in-time
Goodwill	`Goodwill`	$1.37M	USD	Point-in-time
Goodwill	`Goodwill`	$1.38M	USD	Point-in-time
Total Assets	`Assets`	$10.66M	USD	Point-in-time
Total Assets	`Assets`	$9.66M	USD	Point-in-time
Operating lease obligations current	`OperatingLeaseLiabilityCurrent`	$67.92K	USD	Point-in-time
Operating lease obligations current	`OperatingLeaseLiabilityCurrent`	$124.70K	USD	Point-in-time
Operating lease obligations, related parties - current	`OperatingLeaseObligationsToRelatedPartiesCurrent`	$160.24K	USD	Point-in-time
Operating lease obligations, related parties - current	`OperatingLeaseObligationsToRelatedPartiesCurrent`	$17.38K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$251.54K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$204.01K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$277.53K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$108.28K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$113.96K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$321.67K	USD	Point-in-time
Customer advances	`ContractWithCustomerLiabilityCurrent`	$695.70K	USD	Point-in-time
Customer advances	`ContractWithCustomerLiabilityCurrent`	$580.15K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$729.26K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$337.40K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.99M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.00M	USD	Point-in-time
Operating lease obligations non-current	`OperatingLeaseLiabilityNoncurrent`	$85.76K	USD	Point-in-time
Operating lease obligations non-current	`OperatingLeaseLiabilityNoncurrent`	$273.19K	USD	Point-in-time
Operating lease obligations, related parties non-current	`OperatingLeaseObligationsToRelatedPartiesNoncurrent`	$85.59K	USD	Point-in-time
Operating lease obligations, related parties non-current	`OperatingLeaseObligationsToRelatedPartiesNoncurrent`	$93.33K	USD	Point-in-time
Bank and other borrowings	`LongTermDebt`	$201.72K	USD	Point-in-time
Bank and other borrowings	`LongTermDebt`	$254.27K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.55M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.43M	USD	Point-in-time
Common stock (3,000,000,000 shares authorized, 313,098,220 issued and outstanding as of June 30, 2021 and December 31, 2020)	`CommonStockValue`	$313.10K	USD	Point-in-time
Common stock (3,000,000,000 shares authorized, 313,098,220 issued and outstanding as of June 30, 2021 and December 31, 2020)	`CommonStockValue`	$313.10K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$10.76M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$10.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.62M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$300.26K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$374.17K	USD	Point-in-time
Total Fortune Valley Treasures, Inc. stockholders equity	`StockholdersEquity`	$7.04M	USD	Point-in-time
Total Fortune Valley Treasures, Inc. stockholders equity	`StockholdersEquity`	$7.83M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$276.11K	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$195.91K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.11M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-942.58K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-855.85K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.23M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.56M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-760.50K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$9.66M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$10.66M	USD	Point-in-time

Income Statement 101 line items

Line Item	Tag	Value	Unit	Period
Revenues from related parties	`RevenueFromRelatedParties`	$12.26K	USD	2 Qtrs
Revenues from related parties	`RevenueFromRelatedParties`	$1.03K	USD	1 Quarter
Revenues from related parties	`RevenueFromRelatedParties`	-	USD	2 Qtrs
Revenues from related parties	`RevenueFromRelatedParties`	-	USD	1 Quarter
Revenues from third parties	`Revenuesfromthirdparties`	$91.23K	USD	2 Qtrs
Revenues from third parties	`Revenuesfromthirdparties`	$3.46M	USD	2 Qtrs
Revenues from third parties	`Revenuesfromthirdparties`	$69.18K	USD	1 Quarter
Revenues from third parties	`Revenuesfromthirdparties`	$1.82M	USD	1 Quarter
Net Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$69.18K	USD	1 Quarter
Net Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.47M	USD	2 Qtrs
Net Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$91.23K	USD	2 Qtrs
Net Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.83M	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$797.52K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$39.92K	USD	1 Quarter
Cost of revenues	`CostOfRevenue`	$54.34K	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$1.53M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.94M	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.03M	USD	1 Quarter
Gross profit	`GrossProfit`	$29.26K	USD	1 Quarter
Gross profit	`GrossProfit`	$36.88K	USD	2 Qtrs
Other operating income	`OtherOperatingIncomeExpenseNet`	$166.00	USD	2 Qtrs
Other operating income	`OtherOperatingIncomeExpenseNet`	-	USD	2 Qtrs
Other operating income	`OtherOperatingIncomeExpenseNet`	-	USD	1 Quarter
Other operating income	`OtherOperatingIncomeExpenseNet`	$166.00	USD	1 Quarter
Selling and distribution expenses	`SellingAndMarketingExpense`	$47.16K	USD	2 Qtrs
Selling and distribution expenses	`SellingAndMarketingExpense`	-	USD	1 Quarter
Selling and distribution expenses	`SellingAndMarketingExpense`	$19.60K	USD	1 Quarter
Selling and distribution expenses	`SellingAndMarketingExpense`	-	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$238.49K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$931.45K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$449.87K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$127.63K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$558.51K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$963.80K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-201.61K	USD	2 Qtrs
Operating income (loss)	`OperatingIncomeLoss`	$-98.37K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$120.00	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$1.33K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$2.11K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$89.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$80.00	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$648.00	USD	2 Qtrs
Interest income	`InterestIncomeOther`	$483.00	USD	1 Quarter
Interest income	`InterestIncomeOther`	$72.00	USD	1 Quarter
Interest expense	`InterestExpense`	$4.98K	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.49K	USD	2 Qtrs
Interest expense	`InterestExpense`	$4.86K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.93K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-5.36K	USD	1 Quarter
Other income (expense), net	`NonoperatingIncomeExpense`	$-2.79K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-8.72K	USD	2 Qtrs
Other income (expense), net	`NonoperatingIncomeExpense`	$-3.46K	USD	1 Quarter
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$553.15K	USD	1 Quarter
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$955.08K	USD	2 Qtrs
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-204.40K	USD	2 Qtrs
Income (loss) before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-101.83K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$162.62K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$96.27K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$792.46K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-102.57K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-204.40K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$335.57K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$456.88K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-101.83K	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-14.67K	USD	2 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$72.73K	USD	2 Qtrs
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$42.41K	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-14.67K	USD	1 Quarter
Net income (loss) attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$-87.17K	USD	1 Quarter
Net income (loss) attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$719.73K	USD	2 Qtrs
Net income (loss) attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$414.48K	USD	1 Quarter
Net income (loss) attributable to Fortune Valley Treasures, Inc.	`NetIncomeLoss`	$-189.73K	USD	2 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.67K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.22K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.94K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.28K	USD	2 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$81.37K	USD	2 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$88.04K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-199.12K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$873.83K	USD	2 Qtrs
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$544.92K	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-103.77K	USD	1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$80.19K	USD	2 Qtrs
Less: comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$50.48K	USD	1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-14.97K	USD	1 Quarter
Less: comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-14.97K	USD	2 Qtrs
Comprehensive income (loss) attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$793.63K	USD	2 Qtrs
Comprehensive income (loss) attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$-88.80K	USD	1 Quarter
Comprehensive income (loss) attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$-184.15K	USD	2 Qtrs
Comprehensive income (loss) attributable to Fortune Valley Treasures, Inc.	`ComprehensiveIncomeNetOfTax`	$494.44K	USD	1 Quarter
Basic and diluted earnings (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted earnings (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted earnings (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted earnings (loss) per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	307.75M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	313.10M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	307.75M	shares	2 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	313.10M	shares	2 Qtrs

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$792.46K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-102.57K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-204.40K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$335.57K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$456.88K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-101.83K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$426.22K	USD	2 Qtrs
Depreciation and amortization expense	`DepreciationDepletionAndAmortization`	$7.99K	USD	2 Qtrs
Non-cash lease expense	`NoncashLeaseExpense`	$51.83K	USD	2 Qtrs
Non-cash lease expense	`NoncashLeaseExpense`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.30M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$38.75K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$5.89K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-9.75K	USD	2 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.19M	USD	2 Qtrs
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.80K	USD	2 Qtrs
Deposits paid	`IncreaseDecreaseInDepositOtherAssets`	$995.72K	USD	2 Qtrs
Deposits paid	`IncreaseDecreaseInDepositOtherAssets`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-931.00	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-50.15K	USD	2 Qtrs
Customer advances	`IncreaseDecreaseInContractWithCustomerLiability`	-	USD	2 Qtrs
Customer advances	`IncreaseDecreaseInContractWithCustomerLiability`	$109.03K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$121.96K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$17.04K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-210.76K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	2 Qtrs
Operating lease obligations	`OperatingLeaseObligations`	$61.55K	USD	2 Qtrs
Operating lease obligations	`OperatingLeaseObligations`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-235.76K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-689.47K	USD	2 Qtrs
Repayment of advance to related parties	`RepaymentOfNotesReceivableFromRelatedParties`	-	USD	2 Qtrs
Repayment of advance to related parties	`RepaymentOfNotesReceivableFromRelatedParties`	$3.54M	USD	2 Qtrs
Advance to related parties	`PaymentAdvanceToRelatedParties`	$2.88M	USD	2 Qtrs
Advance to related parties	`PaymentAdvanceToRelatedParties`	-	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.44K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$23.49K	USD	2 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$43.23K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$581.65K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-43.23K	USD	2 Qtrs
Borrowings from related parties	`ProceedsFromRelatedPartyDebt`	$245.99K	USD	2 Qtrs
Borrowings from related parties	`ProceedsFromRelatedPartyDebt`	$1.84M	USD	2 Qtrs
Borrowings from and repayments to bank loans, net	`ProceedsFromShortTermDebt`	$-22.93K	USD	2 Qtrs
Borrowings from and repayments to bank loans, net	`ProceedsFromShortTermDebt`	$144.01K	USD	2 Qtrs
Repayments to related parties	`RepaymentsOfBankDebt`	$134.67K	USD	2 Qtrs
Repayments to related parties	`RepaymentsOfBankDebt`	$1.53M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$283.59K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$255.33K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-5.21K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-500.00	USD	2 Qtrs
Net changes in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$170.56K	USD	2 Qtrs
Net changes in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-24.16K	USD	2 Qtrs
Cash and cash equivalentsbeginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$420.40K	USD	Point-in-time
Cash and cash equivalentsbeginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$249.84K	USD	Point-in-time
Cash and cash equivalentsbeginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$13.98K	USD	Point-in-time
Cash and cash equivalentsbeginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$38.14K	USD	Point-in-time
Cash and cash equivalentsend of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$420.40K	USD	Point-in-time
Cash and cash equivalentsend of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$249.84K	USD	Point-in-time
Cash and cash equivalentsend of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$13.98K	USD	Point-in-time
Cash and cash equivalentsend of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$38.14K	USD	Point-in-time
Interest paid	`InterestPaidNet`	$9.49K	USD	2 Qtrs
Interest paid	`InterestPaidNet`	$2.98K	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	$446.75K	USD	2 Qtrs
Expenses paid by related parties on behalf of the Company	`ExpensePaidByRelatedPartiesOnBehalfOfCompany`	$293.86K	USD	2 Qtrs
Expenses paid by related parties on behalf of the Company	`ExpensePaidByRelatedPartiesOnBehalfOfCompany`	-	USD	2 Qtrs
Remeasurement of operating lease obligation and right-of-use asset due to lease termination	`RemeasurementOfOperatingLeaseObligationAndRightofuseAssetsDueToLeaseTermination`	-	USD	2 Qtrs
Remeasurement of operating lease obligation and right-of-use asset due to lease termination	`RemeasurementOfOperatingLeaseObligationAndRightofuseAssetsDueToLeaseTermination`	$40.88K	USD	2 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease obligations	`OperatingLeaseRightofuseAssetsObtainedInExchangeForOperatingLeaseObligations`	$281.06K	USD	2 Qtrs
Operating lease right-of-use assets obtained in exchange for operating lease obligations	`OperatingLeaseRightofuseAssetsObtainedInExchangeForOperatingLeaseObligations`	-	USD	2 Qtrs
Noncontrolling interests arising from acquisition of subsidiary	`NoncontrollingInterestsArisingFromAcquisitionOfSubsidiary`	$17.04K	USD	2 Qtrs
Noncontrolling interests arising from acquisition of subsidiary	`NoncontrollingInterestsArisingFromAcquisitionOfSubsidiary`	-	USD	2 Qtrs

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.11M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-942.58K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-855.85K	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.23M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.56M	USD	Point-in-time
Beginning balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-760.50K	USD	Point-in-time
Noncontrolling interests arising from acquisition of subsidiary	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$17.04K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$792.46K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$-102.57K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-204.40K	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$335.57K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$456.88K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-101.83K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-6.67K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$7.22K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.94K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.28K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$81.37K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$88.04K	USD	1 Quarter
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.11M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-942.58K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-855.85K	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.23M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.56M	USD	Point-in-time
Ending balance, value	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-760.50K	USD	Point-in-time

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