XML 27 R41.htm IDEA: XBRL DOCUMENT
v3.20.1

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2019
Notes to Financial Statements |
Schedule of condensed financial information of the parent company | The Company did not have significant capital and other commitments, long-term obligations, or guarantees as of December 31, 2019 and 2018. PARENT COMPANY BALANCE SHEETS
|  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |
ASSETS |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 76,583 |  |  | $ | - |
Other receivables, net |  |  | 600,000 |  |  |  | - |
Restricted cash |  |  | 5,000,000 |  |  |  | - |
Total current assets |  |  | 5,676,583 |  |  |  | - |
Non-current assets: |  |  |  |  |  |  |  |
Property, plant and equipment, net |  |  | 2,162,449 |  |  |  | - |
Investment in subsidiaries |  |  | 38,481,702 |  |  |  | 28,256,045 |
Total non-current assets |  |  | 40,644,151 |  |  |  | 28,256,045 |
Total assets |  | $ | 46,320,734 |  |  | $ | 28,256,045 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
LIABILITIES |  |  |  |  |  |  |  |
Other payables and accrued liabilities |  | $ | 1,570,183 |  |  | $ | - |
Other payables - related party |  |  | 269 |  |  |  | - |
Total liabilities |  |  | 1,570,452 |  |  |  | - |
COMMITMENTS AND CONTINGENCIES |  |  |  |  |  |  |  |
SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |
Ordinary shares, $0.001 par value, 50,000,000 shares authorized, 35,141,114 and 33,000,000 shares issued and outstanding as of December 31, 2019 and 2018, respectively |  |  | 35,141 |  |  |  | 33,000 |
Additional paid-in capital |  |  | 20,771,849 |  |  |  | 12,831,969 |
Statutory reserves |  |  | 1,289,765 |  |  |  | 1,178,432 |
Retained earnings |  |  | 24,132,194 |  |  |  | 15,169,573 |
Accumulated other comprehensive losses |  |  | (1,478,667 | ) |  |  | (956,929 | )
Total shareholders' equity |  |  | 44,750,282 |  |  |  | 28,256,045 |
Total liabilities and shareholders' equity |  | $ | 46,320,734 |  |  | $ | 28,256,045 |
PARENT COMPANY STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
|  | Year ended |  |  | Year ended |  |  | Year ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Operating expenses: |  |  |  |  |  |  |  |  |
General and administrative expenses |  | $ | (1,671,700 | ) |  | $ | - |  |  | $ | - |
Other income (expenses): |  |  |  |  |  |  |  |  |  |  |  |
Equity income of subsidiaries and VIEs |  |  | 10,747,395 |  |  |  | 7,919,408 |  |  |  | 5,124,973 |
Interest income |  |  | 21 |  |  |  | - |  |  |  | - |
Other finance expenses |  |  | (1,762 | ) |  |  | - |  |  |  | - |
NET INCOME |  |  | 9,073,954 |  |  |  | 7,919,408 |  |  |  | 5,124,973 |
FOREIGN CURRENCY TRANSLATION ADJUSTMENT |  |  | (521,738 | ) |  |  | (1,474,126 | ) |  |  | 958,667 |
COMPREHENSIVE INCOME |  | $ | 8,552,216 |  |  | $ | 6,445,282 |  |  | $ | 6,083,640 |
PARENT COMPANY STATEMENTS OF CASH FLOWS
|  | Year ended |  |  | Year ended |  |  | Year ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
CASH FLOWS FROM OPERATING |  |  |  |  |  |  |  |  |
ACTIVITIES: |  |  |  |  |  |  |  |  |
Net income |  | $ | 9,073,954 |  |  | $ | 7,919,408 |  |  | $ | 5,124,973 |
Adjustments to reconcile net income to cash used in operating activities: |  |  |  |  |  |  |  |  |  |  |  |
Equity income of subsidiaries and VIEs |  |  | (10,747,395 | ) |  |  | (7,919,408 | ) |  |  | (5,124,973 | )
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Other receivables |  |  | (600,000 | ) |  |  | - |  |  |  | - |
Other payables and accrued liabilities |  |  | 1,570,183 |  |  |  | - |  |  |  | - |
Net cash used in operating activities |  |  | (703,258 | ) |  |  | - |  |  |  | - |
CASH FLOWS FROM INVESTING |  |  |  |  |  |  |  |  |  |  |  |
ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property and equipment |  |  | (2,162,449 | ) |  |  | - |  |  |  | - |
Net cash used in investing activities |  |  | (2,162,449 | ) |  |  | - |  |  |  | - |
CASH FLOWS FROM FINANCING |  |  |  |  |  |  |  |  |  |  |  |
ACTIVITIES: |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from initial public offering, net of issuance costs |  |  | 7,417,077 |  |  |  | - |  |  |  | - |
Underwriter’s partial exercise of over-allotment option, |  |  |  |  |  |  |  |  |  |  |  |
net of issuance costs |  |  | 524,944 |  |  |  | - |  |  |  | - |
Other payables – related party |  |  | 269 |  |  |  | - |  |  |  | - |
Net cash used in investing activities |  |  | 7,942,290 |  |  |  | - |  |  |  | - |
EFFECT OF EXCHANGE RATE ON CASH |  |  | - |  |  |  | - |  |  |  | - |
NET CHANGES IN CASH AND CASH EQUIVALENTS |  |  | 5,076,583 |  |  |  | - |  |  |  | - |
CASH AND CASH EQUIVALENTS, Beginning of year |  |  | - |  |  |  | - |  |  |  | - |
CASH AND CASH EQUIVALENTS, end of year |  | $ | 5,076,583 |  |  | $ | - |  |  | $ | - |
SUPPLEMENTAL CASH FLOW INFORMATION: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 76,583 |  |  | $ | - |  |  | $ | - |
Restricted cash |  |  | 5,000,000 |  |  |  | - |  |  |  | - |
CASH AND CASH EQUIVALENTS, end of year |  | $ | 5,076,583 |  |  | $ | - |  |  | $ | - |

X
- References No definition available. + Details
Name: | bhat_NotesToFinancialStatementsAbstract
Namespace Prefix: | bhat_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | bhat_ScheduleOfCondensedFinancialInformationOfParentCompanyTableTextBlock
Namespace Prefix: | bhat_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration