IT TECH PACKAGING, INC.ITP
| Dec 31,
2011 | Dec 31,
2018 | Dec 31,
2019 | Dec 31,
2020 | Dec 31,
2021 | Dec 31,
2022 | Dec 31,
2023 | Dec 31,
2024 |
|---|
| Cash and bank balances | - | 8 | 6 | 4 | 11 | 10 | 4 | 6 |
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| Restricted cash | - | - | - | - | - | - | - | 1 |
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| Accounts receivable (net of allowance for doubtful accounts of $53,111 and $11,745 as of December 31, 2024 and December 31, 2023, respectively) | 4 | - | - | - | - | - | 575,526 | 287,576 |
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| Inventories | 10 | 3 | 2 | 1 | 6 | 3 | 4 | 2 |
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| Total | 5 | 6 | 12 | 7 | 26 | 27 | 19 | 18 |
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| Due from related parties | - | - | - | - | - | - | - | 920,008 |
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| Total current assets | 23 | 24 | 24 | 15 | 56 | 47 | 28 | 28 |
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| Operating lease right-of-use assets, net | - | - | - | - | - | 672,722 | 528,648 | 421,868 |
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| Property, Plant and Equipment, net | 115 | 168 | 152 | 145 | 127 | 152 | 164 | 147 |
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| Value-added tax recoverable | - | 3 | 3 | 3 | 2 | 2 | 2 | 2 |
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| Total Assets | 145 | 203 | 190 | 200 | 242 | 204 | 195 | 178 |
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| Short-term bank loans | - | - | - | - | - | - | - | 4 |
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| Current portion of long-term loans | - | - | - | - | - | - | - | 4 |
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| Lease liability | - | - | - | 182,852 | 210,161 | 224,497 | 100,484 | 245,604 |
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| Accounts payable | 3 | 629,054 | 250,486 | 592,391 | 10,255 | 5,025 | 4,991 | 1 |
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| Advance from customers | - | - | - | - | - | - | 136,167 | 11,773 |
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| Due to related parties | - | - | - | - | - | - | 728,869 | 43,468 |
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| Accrued payroll and employee benefits | 308,290 | 213,536 | 291,924 | 224,930 | 291,206 | 165,986 | 237,842 | 207,508 |
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| Totals | - | - | - | - | 5 | 6 | - | 12 |
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| Income taxes payable | - | - | - | - | - | - | - | 80,905 |
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| Total current liabilities | 12 | 30 | 17 | 18 | 20 | 18 | 21 | 20 |
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| Long-term loans | - | - | - | - | - | - | 5 | 1 |
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| Lease liability - non-current | - | - | - | 354,107 | 152,233 | 579,997 | 483,866 | 231,147 |
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| Balance beginning | - | - | - | 1 | 2 | 646,283 | 54 | 5,651 |
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| Total liabilities (including amounts of the consolidated VIE without recourse to the Company of $16,976,765 and $20,084,995 as of December 31, 2024 and 2023, respectively) | 17 | 37 | 24 | 25 | 26 | 23 | 26 | 21 |
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| Common stock, 50,000,000 shares authorized, $0.001 par value per share, 10,065,920 shares issued and outstanding as of December 31, 2024 and December, 31, 2023. | 18,350 | 22,360 | 22,685 | 28,536 | 99,050 | 10,066 | 10,066 | 10,066 |
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| Additional paid-in capital | 46 | - | - | - | - | - | 89 | 89 |
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| Statutory earnings reserve | - | - | - | - | - | - | 6 | 6 |
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| Accumulated other comprehensive loss | 11 | -3,263,952 | -6,057,537 | 6 | 10 | -7,514,540 | -10,555,534 | -12,998,986 |
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| Retained earnings | - | - | - | - | - | - | 84 | 74 |
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| Total stockholders’ equity | 128 | 167 | 166 | 175 | 216 | 181 | 168 | 156 |
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| Total Liabilities and Stockholders’ Equity | 145 | 203 | 190 | 200 | 242 | 204 | 195 | 178 |
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