Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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Income Statement [Abstract] | ||||
Revenues | $ 3,836,522 | $ 3,467,477 | $ 6,703,445 | $ 6,506,226 |
Cost of goods sold | 2,321,217 | 1,998,669 | 3,787,985 | 3,679,893 |
Gross profit (loss) | $ 1,515,305 | $ 1,468,808 | $ 2,915,460 | $ 2,826,333 |
Gross profit (loss) percentage | 39.50% | 42.36% | 43.49% | 43.44% |
Operating expenses: | ||||
General and administrative expenses | $ 165,390 | $ (26,355) | $ 632,552 | $ 264,854 |
Selling expenses | 73,890 | 97,798 | 221,713 | 218,395 |
Total operating expenses | 239,280 | 71,443 | 854,265 | 483,249 |
Income (Loss) from operations | 1,276,025 | 1,397,365 | 2,061,195 | 2,343,084 |
Other income (expense): | ||||
Interest Income | 1 | 4 | ||
Interest expense | (42,997) | 13,419 | (43,790) | (64,147) |
Asset impairment loss | (241,730) | (241,730) | ||
Other income (expense), net | 8,335 | 8,313 | ||
Total other income (expense) | (42,996) | (219,976) | (43,786) | (297,564) |
Income (Loss) before income taxes | 1,233,029 | 1,177,389 | 2,017,409 | 2,045,520 |
Income taxes | 516,981 | 444,982 | 516,981 | 444,982 |
Net income from continued operations | 716,048 | 732,407 | 1,500,428 | 1,600,538 |
Net loss from discontinued operations | (339,422) | (206,941) | ||
Net income | 716,048 | 392,985 | 1,500,428 | 1,393,597 |
Net income (loss) attributable to noncontrolling interest | 737 | 4,636 | 9,197 | 4,524 |
Net income (loss) attributable to Muliang Viagoo Technology Inc. common stockholders | 715,311 | 388,349 | 1,491,231 | 1,389,073 |
Other comprehensive income (loss): | ||||
Unrealized foreign currency translation adjustment | 257,898 | (903,392) | 234,544 | (1,315,075) |
Total Comprehensive income(loss) | 973,946 | (510,407) | 1,734,972 | 78,522 |
Total comprehensive (income) loss attributable to noncontrolling interests | (498) | (2,167) | (480) | (783) |
Total comprehensive (income) loss attributable to Muliang Viagoo Technology Inc. common stockholders | $ 974,444 | $ (508,240) | $ 1,735,452 | $ 79,305 |
Earnings per common share | ||||
Basic (in Dollars per share) | $ 0.04 | $ 0.04 | $ 0.08 | $ 0.08 |
Weighted average common shares outstanding | ||||
Basic (in Shares) | 19,251,477 | 19,251,477 | 19,251,477 | 19,251,477 |
Diluted (in Shares) | 19,251,477 | 19,251,477 | 19,251,477 | 19,251,477 |
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- Definition Gross profit (loss) percentage. No definition available.
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of tax expense (benefit), after reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expenses recognized in the period that are directly related to the selling and distribution of products or services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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