For the quarter ending 2025-09-30, ITP has $175,698,192 in assets. $23,648,656 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and bank balances | 8,072,936 | 6,470,481 | ||
| Restricted cash | 1,046,771 | 1,038,874 | ||
| Accounts receivable (net of allowance for doubtful accounts of 90,225 and 53,111 as of september 30, 2025 and december 31, 2024, respectively) | 2,079,190 | 1,841,007 | ||
| Inventories | 3,899,571 | 5,094,810 | ||
| Prepayments and other current assets | 19,650,854 | 17,282,492 | ||
| Due from related parties-Related Party | 1,015,043 | 916,854 | ||
| Total current assets | 35,764,365 | 32,644,518 | ||
| Prepayment on property, plant and equipment | 8,444 | 8,382 | ||
| Operating lease right-of-use assets, net | 347,477 | 371,545 | ||
| Property, plant and equipment, gross | 306,937,056 | - | ||
| Less accumulated depreciation and amortization | 169,033,642 | - | ||
| Property, plant, and equipment, net | 137,903,414 | 140,435,446 | ||
| Value-added tax recoverable | 1,674,492 | 1,702,671 | ||
| Total assets | 175,698,192 | 175,162,562 | ||
| Short-term bank loans | 5,094,645 | 5,056,855 | ||
| Lease liability | 113,786 | 110,903 | ||
| Advance from customers | 11,911 | 11,822 | ||
| Current portion of long-term loans | - | 3,574,721 | ||
| Due to related parties-Related Party | 374,565 | 180,577 | ||
| Accrued payroll and employee benefits | 369,886 | 353,558 | ||
| Other payables and accrued liabilities | 12,393,873 | 12,053,116 | ||
| Accounts payable | - | 0 | ||
| Income taxes payable | 308,636 | 0 | ||
| Total current liabilities | 18,667,302 | 21,341,552 | ||
| Long-term loans | 4,727,324 | 1,117,537 | ||
| Derivative liability | - | 303 | ||
| Lease liability - non-current | 254,030 | 385,599 | ||
| Total liabilities (including amounts of the consolidated vie without recourse to the company of 18,629,300 and 16,976,765 as of september 30, 2025 and december 31, 2024, respectively) | 23,648,656 | 22,844,991 | ||
| Common stock 0.001 par value per share authorized 50,000,000 shares issued and outstanding 16,965,420 shares as of september 30, 2025 and 10,065,920 shares as of december 31, 2024, respectively | 16,965 | 16,965 | ||
| Additional paid-in capital | 90,228,996 | 90,228,996 | ||
| Statutory earnings reserve | 6,080,574 | 6,080,574 | ||
| Accumulated other comprehensive loss | -11,159,033 | -12,339,245 | ||
| Retained earnings | 66,882,034 | 68,330,281 | ||
| Total stockholders equity | 152,049,536 | 152,317,571 | ||
| Total liabilities and stockholders equity | 175,698,192 | 175,162,562 | ||
IT TECH PACKAGING, INC. (ITP)
IT TECH PACKAGING, INC. (ITP)