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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2019
USD ($)
Dec. 31, 2019
CNY (¥)
Cash flows from operating activities:            
Net income / (loss) | $ $ 989,000   $ 769,000   $ (146,000)  
Adjustments to reconcile net income / (loss) to net cash (used in) / provided by operating activities:            
Depreciation | $ 38,000   49,000   69,000  
Loss / (gain) on disposal of property, plant and equipment | $ 10,000   (1,429,000)   5,000  
Stock-based compensation expense | $ 55,000   54,000   10,000  
Non-controlling interests in income / (loss) of subsidiaries | $ 377,000   (367,000)   (64,000)  
Equity in profit of affiliates | $ (355,000)   (435,000)   (137,000)  
Deferred tax (credit) / expenses | $ (145,000)   92,000   37,000  
Changes in non-current assets and liabilities:            
Long-term operating lease obligations | $ (53,000)   (122,000)   216,000  
Operating lease right-of-use assets | $ (5,000)   173,000   (406,000)  
Decrease / (increase) in current assets:            
Accounts receivable, net | $ (432,000)   387,000   1,503,000  
Prepayments and other current assets | $ 942,000   (766,000)   (201,000)  
Contract assets | $ 128,000   239,000   458,000  
Inventories | $ (205,000)   244,000   (185,000)  
Increase / (decrease) in current liabilities:            
Accounts payable | $ 757,000   (1,520,000)   (986,000)  
Other payables and accrued expenses | $ (8,000)   451,000   (108,000)  
Contract liabilities | $ 13,000   194,000   (501,000)  
Income tax payable | $ 38,000   4,000   0  
Net cash provided by / (used) in operating activities | $ 2,201,000   (2,035,000)   (266,000)  
Cash flows from investing activities:            
Purchase of property, plant and equipment | $ (4,000)   (11,000)   (21,000)  
Proceeds from sale of property, plant and equipment | $ 0   1,835,000   0  
Dividend received from affiliates | $ 362,000   71,000   0  
Proceeds from sale of long-term investment | $ 0   148,000   0  
Purchase of long-term investment | $ 0   0   (148,000)  
Net cash provided by / (used in) investing activities | $ 358,000   2,043,000   (169,000)  
Cash flows from financing activities:            
Dividend paid | $ (1,031,000)   (1,299,000)      
Proceeds from bank borrowings | $ 782,000   804,000   565,000  
Repayments to bank borrowings | $ (767,000)   (1,008,000)      
Net cash (used in) / provided by financing activities | $ (1,016,000)   (1,503,000)   565,000  
Effect of exchange rate changes on cash and cash equivalents | $ (54,000)   (34,000)   (7,000)  
Net increase / (decrease) in cash and cash equivalents and restricted cash | $ 1,489,000   (1,529,000)   123,000  
Cash, cash equivalents and restricted cash at beginning of year | $ 5,191,000   6,720,000   6,597,000  
Cash, cash equivalents and restricted cash at end of year | $ 6,680,000   5,191,000   6,720,000  
Cash breakdown            
Cash and cash equivalents | $ 5,269,000   3,519,000   5,591,000  
Restricted cash | $ 1,411,000   1,672,000   729,000  
Cash and Cash Equivalents, at Carrying Value, Total | $ 6,680,000   5,191,000   6,720,000  
Supplemental disclosure of consolidated cash flow information:            
Cash paid during the period for income taxes | $ 20,000   0   0  
Cash paid during the period for interest | $ 3,000   12,000   4,000  
Operating leases (disclosed in accompanying Note 3) | $ 0   0   0  
Non-cash items:            
Right-of-use assets obtained in exchange for new operating lease obligations | $ $ 0   $ 0   $ 460,000  
ZHEJIANG TIANLAN            
Cash flows from operating activities:            
Net income / (loss)   ¥ 11,285,000   ¥ 15,532,000   ¥ 4,842,000
Adjustments to reconcile net income / (loss) to net cash (used in) / provided by operating activities:            
Depreciation   6,466,000   6,359,000   6,556,000
Loss / (gain) on disposal of property, plant and equipment   (39,000)       (39,000)
Decrease / (increase) in current assets:            
Accounts receivable, net   12,782,000   26,620,000   11,432,000
Prepayments and other current assets   (5,111,000)   24,472,000   (6,369,000)
Contract assets   20,946,000   (14,932,000)   20,033,000
Inventories   (997,000)   3,366,000   6,208,000
Increase / (decrease) in current liabilities:            
Accounts payable   (3,833,000)   8,423,000   (17,272,000)
Other payables and accrued expenses   681,000   10,164,000   (8,795,000)
Contract liabilities   (9,654,000)   (8,763,000)   14,852,000
Net cash provided by / (used) in operating activities   26,163,000   57,356,000   36,081,000
Cash flows from investing activities:            
Purchase of property, plant and equipment   (1,381,000)   (577,000)   (1,584,000)
Proceeds from sale of property, plant and equipment   148,000       50,000
Purchase of long-term investment   (1,200,000)        
Net cash provided by / (used in) investing activities   (2,433,000)   (6,595,000)   (1,824,000)
Cash flows from financing activities:            
Dividend paid   (13,223,000)   (4,606,000)    
Proceeds from bank borrowings   13,500,000   30,000,000   44,841,000
Repayments to bank borrowings   (20,000,000)   (36,800,000)   (63,000,000)
Net cash (used in) / provided by financing activities   (19,723,000)   (11,406,000)   (47,827,000)
Net increase / (decrease) in cash and cash equivalents and restricted cash   4,007,000   39,355,000   (13,570,000)
Cash, cash equivalents and restricted cash at beginning of year   50,969,000   11,614,000   25,184,000
Cash, cash equivalents and restricted cash at end of year   54,976,000   50,969,000   11,614,000
Supplemental disclosure of consolidated cash flow information:            
Cash paid during the period for income taxes           5,237,000
Cash paid during the period for interest   680,000   1,716,000   2,258,000
Non-cash items:            
Net income / (loss)   13,578,000   13,500,000   4,358,000
Amortization of intangible asset   255,000   142,000   152,000
Amortization of land use right   150,000   159,000   149,000
Bad debts written off   0   0   5,383,000
Impairment loss on contract assets   1,238,000   1,399,000   0
Impairment loss on long-term investments   0   1,340,000   0
Impairment loss on property, plant and equipment   0   2,742,000   0
Increase in allowance for doubtful accounts           2,437,000
Investment loss           241,000
Proceeds from deferred government grant           2,349,000
Property, plant and equipment written off           14,000
Reversal of allowance for doubtful accounts   (183,000)   (6,463,000)   0
Deferred government grant   (1,005,000)   2,545,000    
Deferred tax (liabilities) / assets   (666,000)   331,000   268,000
Short-term investments       800,000    
Other taxes payable   (8,596,000)   5,638,000   (1,577,000)
Current portion of long-term finance lease obligations       (11,263,000)    
Tax refund / (paid)   ¥ 151,000   (9,223,000)   (4,299,000)
Proceeds from investment       295,000    
Proceeds from sale of partial shareholding in a subsidiary       137,000   510,000
Purchase of intangible assets       1,350,000    
Purchase of short-term investments           (800,000)
Purchase of subsidiary       ¥ (5,100,000)    
Payment of principal obligations under long-term finance lease           ¥ (29,668,000)