Financial Performance - Revenues decreased by 52.46% to $0.13 million for the first half of 2021, down from $0.28 million in the same period of 2020[2] - Gross loss was $0.18 million for the first half of 2021, compared to a gross profit of $0.07 million for the same period of the prior year[3] - Operating loss increased by 20.23% to $1.17 million for the first half of 2021, compared to $0.97 million for the same period of 2020[3] - Net loss attributable to common stockholders was $0.94 million, or loss per share of $0.02, for the first half of 2021, compared to a net loss of $0.60 million, or loss per share of $0.01, for the same period of the prior year[3] - The company reported a comprehensive loss of $(1,013,225) for the six months ended June 30, 2021, compared to $(509,668) for the same period in 2020[27] - Basic loss per common share attributable to TDH Holdings, Inc. for the six months ended June 30, 2021, was $(0.02), compared to $(0.01) for the same period in 2020[27] - The company reported a net loss of $942,773 for the period ended June 30, 2021, compared to a net loss of $604,008 for the same period in 2020[30] Sales Performance - Domestic sales decreased by 48.20% to $0.12 million for the first half of 2021, down from $0.22 million in the same period of 2020[5] - E-commerce sales increased by 100% to $0.02 million for the first half of 2021, compared to $0 million for the same period of the prior year[5] Operating Expenses - Total operating expenses increased by 10.17% to $0.99 million for the first half of 2021, compared to $0.90 million for the same period of the prior year[10] - Total operating expenses for the six months ended June 30, 2021, were $990,195, an increase of 10.2% from $898,754 in the same period of 2020[27] Cash Flow and Liquidity - Cash, cash equivalents, and restricted cash increased to $7.39 million as of June 30, 2021, compared to $6.75 million at December 31, 2020[14] - Net cash used in operating activities was $4.84 million for the first half of 2021, compared to $0.81 million for the same period of the prior year[15] - Cash and cash equivalents as of June 30, 2021, were $5,975,713, down from $6,566,549 as of December 31, 2020[24] - Cash, cash equivalents, and restricted cash at the end of the period totaled $7,392,772, up from $1,370,395 at the end of the previous year[31] Assets and Liabilities - Total current assets as of June 30, 2021, were $12,177,548, an increase from $10,516,955 as of December 31, 2020[24] - Total liabilities as of June 30, 2021, were $12,982,464, a decrease from $19,345,690 as of December 31, 2020[24] - Total stockholders' equity (deficit) as of June 30, 2021, was $823,995, an improvement from $(892,780) as of December 31, 2020[24] Investment Activities - The company generated net cash provided by investing activities of $5,813,826, a turnaround from a net cash used of $4,482,418 in the previous year[30] - Proceeds from the auction of property, plant, and equipment amounted to $4,434,580, contributing to the positive cash flow from investing activities[30] Financing Activities - The company received approximately $8.2 million net proceeds from a registered direct offering closed on September 30, 2021[16] - The company raised $2,730,000 from the issuance of common shares during the financing activities[30] - Interest paid increased to $203,550 from $37,640 in the previous year, indicating higher financing costs[30] Other Financial Metrics - The company experienced a fair value change of short-term investments resulting in a loss of $1,617,467, compared to a loss of $879,520 in the prior year[30] - The company reported a significant loss on judicial auctions related to litigations, totaling $964,266 for the period[30] - The company’s accounts receivable increased to $151,852 from a negative $32,902, indicating improved collection efforts[30]
TDH(PETZ) - 2021 Q4 - Annual Report