XML 73 R48.htm IDEA: XBRL DOCUMENT
v3.21.1

Condensed Financial Information of the Parent Company (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract] |
Schedule of condensed balance sheets |
|  | December 31, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
ASSETS |  |  |  |  |  |
Current Assets |  |  |  |  |  |
Cash and cash equivalents |  | $ | 16,172 |  |  | $ | 71,991 |
Total current assets |  |  | 16,172 |  |  |  | 71,991 |
Investment in subsidiaries |  |  | 181,194,669 |  |  |  | 170,426,900 |
Total Assets |  | $ | 181,210,840 |  |  | $ | 170,498,891 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |  |  |
Inter-company payable |  | $ | 4,287,974 |  |  | $ | 4,020,394 |
Due to related parties |  |  | 727,433 |  |  |  | 483,433 |
Total current liabilities |  |  | 5,015,407 |  |  |  | 4,503,827 |
Derivative liability |  |  | 1,115,260 |  |  |  | - |
Total liabilities |  | $ | 6,130,667 |  |  | $ | 4,503,827 |
Total stockholders' equity |  |  | 175,080,173 |  |  |  | 165,995,064 |
Total Liabilities and Stockholders' Equity |  | $ | 181,210,840 |  |  | $ | 170,498,891 |
Schedule of condensed income statement |
|  | Year Ended |
|  | December 31, |
|  | 2020 |  |  | 2019 |
Revenue |  |  | - |  |  |  | - |
Selling, general and administrative expenses |  | $ | 2,082,743 |  |  | $ | 464,108 |
Loss from Operations |  |  | (2,082,743 | ) |  |  | (464,108 | )
Equity in earnings of unconsolidated subsidiaries |  |  | (3,030,487 | ) |  |  | 2,700,039 |
Loss on derivative liability |  |  | (426,055 | ) |  |  | - |
Income before Income Taxes |  |  | (5,539,285 | ) |  |  | 2,235,931 |
Provision for Income Taxes |  |  | (14,717 | ) |  |  | (14,747 | )
Net Income |  | $ | (5,554,002 | ) |  | $ | 2,221,184 |
Other comprehensive income /(loss) |  |  | 11,798,259 |  |  |  | (2,793,585 | )
Total Comprehensive Income (loss) |  | $ | 6,244,257 |  |  | $ | (572,401 | )
Schedule of condensed cash flow statement |
|  | Year Ended |
|  | December 31, |
|  | 2020 |  |  | 2019 |
Net Cash (Used in) Provided by Operating Activities |  | $ | (846,820 | ) |  | $ | 6,730 |
Net Cash Used in Investing Activities |  |  | (2,000,000 | ) |  |  | - |
Net Cash Provided by Financing Activities |  |  | 2,791,000 |  |  |  | 513,173 |
Net Increase (Decrease) in Cash and Cash Equivalents |  |  | (55,820 | ) |  |  | 69,268 |
Cash and Cash Equivalents - Beginning of Year |  |  | 71,991 |  |  |  | 2,723 |
Cash and Cash Equivalents - End of Year |  | $ | 16,172 |  |  | $ | 71,991 |

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

X
- References No definition available. + Details
Name: | itp_ScheduleOfCondensedCashFlowStatement1TableTextBlock
Namespace Prefix: | itp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | itp_ScheduleOfCondensedIncomeStatement1TableTextBlock
Namespace Prefix: | itp_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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