XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Unaudited Condensed Consolidated Statements of Income (Loss) and Comprehensive Loss - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Revenues $ 27,025,728 $ 20,633,188
Cost of revenues 21,891,512 16,660,387
Gross Profit 5,134,216 3,972,801
Operating expenses    
Selling expenses 145,080 122,045
General and administrative expenses 1,528,535 1,399,295
Share-based compensation   1,840,000
Research and development expenses 236,568 6,351,853
Total operating expenses 1,910,183 9,713,193
Income (loss) from operations 3,224,033 (5,740,392)
Other income (expenses)    
Interest income 191,905 57,374
Interest expense (106,978) (137,594)
Government subsidy income 9,408 47,033
Rental income from related parties 69,641 67,166
Other income, net 21,396 1,796
Total other income 185,372 35,775
Income (loss) before provision for income taxes 3,409,405 (5,704,617)
Provision for income taxes 1,537,161 1,047,595
Discontinued operation:    
Net income (loss) 1,872,244 (6,752,212)
Less: net loss attributable to noncontrolling interest (227,218) (181,734)
Net income (loss) attributable to common stockholders of Tantech Holdings Ltd. 2,099,462 (6,570,478)
Net income (loss) 1,872,244 (6,752,212)
Other comprehensive income (loss):    
Foreign currency translation adjustment (5,947,918) 975,600
Comprehensive loss (4,075,674) (5,776,612)
Less: Comprehensive loss attributable to noncontrolling interest (219,856) (182,086)
Comprehensive loss attributable to common stockholders of Tantech Holdings Ltd. $ (3,855,818) $ (5,594,526)
Earnings (loss) per share - Basic $ 2.72 $ (42.33)
Earnings (loss) per share - Diluted $ 2.66 $ (42.33)
Weighted Average Shares Outstanding - Basic 773,083 155,224
Weighted Average Shares Outstanding - Diluted 789,308 155,224