XML 81 R48.htm IDEA: XBRL DOCUMENT
v3.24.1

Commitments and Contingencies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Commitments and Contingencies [Abstract] |
Schedule of Annual Rental Payment | The Company leases 32.95 acres of land from a local government in Xushui District, Baoding City, Hebei, China through a real estate lease with a 30-year term, which expires on December 31, 2031. The lease requires an annual rental payment of approximately $16,943 (RMB120,000). This lease is renewable at the end of the 30-year term.
December 31, |  | Amount |
2024 |  |  | 16,943 |
2025 |  |  | 16,943 |
2026 |  |  | 16,943 |
2027 |  |  | 16,943 |
2028 |  |  | 16,943 |
Thereafter |  |  | 50,828 |
Total operating lease payments |  | $ | 135,543 |
In connection with the sale of the Industrial Buildings, Hebei Fangsheng agreed to lease the Industrial Buildings back to the Company for its original use with an annual rental payment of approximately $141,189 (RMB1,000,000). The lease was recorded in lease assets and liabilities in the consolidated balance sheet as of December 31, 2023.
December 31, |  | Amount |
2024 |  |  | 141,189 |
2025 |  |  | 141,189 |
2026 |  |  | 141,189 |
2027 |  |  | 141,189 |
2028 |  |  | 141,189 |
Thereafter |  |  | - |
Total operating lease payments |  | $ | 705,945 |
Less: Interest |  |  | (121,595 | )
Present value of lease liabilities |  |  | 584,350 |
Less: current portion, record in current liabilities |  |  | (100,484 | )
Present value of lease liabilities |  |  | 483,866 |

X
- Definition Schedule of future minimum lease payments of the capital lease. + References No definition available. + Details
Name: | itp_ScheduleOfFutureMinimumLeasePaymentsOfTheCapitalLeaseTableTextBlock
Namespace Prefix: | itp_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

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