Ever-Glory International (EVKG) 10-Q 13 Aug 21 2021 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 08, 2021
Document Information Line Items
Entity Registrant Name	Ever-Glory International Group Inc.
Trading Symbol	EVK
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		14,810,660
Amendment Flag	false
Entity Central Index Key	0000943184
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	0-28806
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	65-0420146
Entity Address, Address Line One	Ever-Glory Commercial Center
Entity Address, Address Line Two	509 Chengxin Road, Jiangning Development Zone
Entity Address, City or Town	Nanjing
Entity Address, Country	CN
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $0.001
Security Exchange Name	NASDAQ
City Area Code	86
Entity Address, Postal Zip Code	NA
Local Phone Number	25-5209-6831

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
CURRENT ASSETS
Cash and cash equivalents	$ 63,963	$ 81,865
Restricted cash	42,725	39,858
Trading securities	3,581	1,792
Accounts receivable, net	39,643	53,285
Inventories	60,190	53,893
Advances on inventory purchases	7,556	10,261
Value added tax receivable	2,114	1,244
Other receivables and prepaid expenses	6,255	5,479
Amounts due from related parties	186	567
Total Current Assets	226,213	248,244
NON-CURRENT ASSETS
Equity security investment	5,929	3,932
Intangible assets, net	4,750	4,794
Property and equipment, net	33,414	32,164
Operating lease right-of-use assets	49,725	41,690
Deferred tax assets	306	902
Total Non-Current Assets	94,124	83,482
TOTAL ASSETS	320,337	331,726
CURRENT LIABILITIES
Bank loans	65,498	65,919
Accounts payable	52,595	67,762
Accounts payable and other payables – related parties	2,131	3,764
Other payables and accrued liabilities	15,410	16,073
Value added and other taxes payable		909
Income tax payable	493	1,062
Current operating lease liabilities	41,174	33,481
Total Current Liabilities	177,301	188,970
NON-CURRENT LIABILITIES
Non-current operating lease liabilities	8,676	8,307
TOTAL LIABILITIES	185,977	197,277
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS’ EQUITY
Common stock ($0.001 par value, authorized 50,000,000 shares, 14,810,660 and 14,809,160 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively)	15	15
Additional paid-in capital	3,655	3,650
Retained earnings	106,230	109,171
Statutory reserve	20,376	20,376
Accumulated other comprehensive income	6,672	4,590
Amounts due from related party	(2,588)	(3,353)
Total equity	134,360	134,449
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 320,337	$ 331,726

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	14,810,660	14,809,160
Common stock, shares outstanding	14,810,660	14,809,160

Condensed Consolidated Statemen

Condensed Consolidated Statements of operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
NET SALES	$ 60,555	$ 50,086	$ 131,369	$ 108,441
COST OF SALES	42,163	35,641	90,541	77,958
GROSS PROFIT	18,392	14,445	40,828	30,483
OPERATING EXPENSES
Selling expenses	14,503	12,626	30,052	26,105
General and administrative expenses	7,662	5,971	15,513	11,755
Total Operating Expenses	22,165	18,597	45,565	37,860
LOSS FROM OPERATIONS	(3,773)	(4,152)	(4,737)	(7,377)
OTHER INCOME (EXPENSES)
Interest income	527	339	752	616
Interest expense	(200)	(566)	(692)	(907)
Government subsidy	243	231	502	691
Gain from changes in fair values of investments	2,041	4	2,275	4
Other income	477	610	774	968
Total Other Income, Net	3,088	618	3,611	1,372
LOSS BEFORE INCOME TAX EXPENSE	(685)	(3,534)	(1,126)	(6,005)
Income tax expense	(1,086)	(266)	(1,815)	(493)
NET LOSS	(1,771)	(3,800)	(2,941)	(6,498)
Net loss attributable to the non-controlling interest		6		3
NET LOSS ATTRIBUTABLE TO THE COMPANY	(1,771)	(3,794)	(2,941)	(6,495)
NET LOSS	(1,771)	(3,800)	(2,941)	(6,498)
Foreign currency translation gain (loss)	3,434	(263)	2,083	(1,700)
COMPREHENSIVE INCOME (LOSS)	1,663	(4,063)	(858)	(8,198)
Comprehensive loss attributable to the non-controlling interest		8		2
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	$ 1,663	$ (4,055)	$ (858)	$ (8,196)
LOSS PER SHARE ATTRIBUTABLE TO THE COMPANY’S STOCKHOLDERS
Basic and diluted (in Dollars per share)	$ (0.12)	$ (0.26)	$ (0.20)	$ (0.44)
Weighted average number of shares outstanding Basic and diluted (in Shares)	14,810,660	14,804,832	14,810,330	14,804,595

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Equity (Unaudited) - USD ($)	Total	Common Stock	Additional paid-in capital	Retained Earnings Unrestricted	Retained Earnings Statutory reserve	Accumulated other Comprehensive loss	Amounts due from related party	Total equity attributable to stockholders of the Company	Non- controlling Interest
Balance at Dec. 31, 2019	$ 119,150,000	$ 15,000	$ 3,640,000	$ 106,328,000	$ 19,939,000	$ (4,330,000)	$ (4,932,000)	$ 120,660,000	$ (1,510,000)
Balance (in Shares) at Dec. 31, 2019		14,801,770
Stock issued for compensation	5,000	$ 3	5,000					5,000
Stock issued for compensation (in Shares)		3,062
Net income (loss)	(2,698,000)			(2,701,000)				(2,701,000)	3,000
Net cash received from related party under counter guarantee agreement	785,000						785,000	785,000
Foreign currency translation adjustment	(1,437,000)					(1,440,000)		(1,440,000)	3,000
Balance at Mar. 31, 2020	115,805,000	$ 15,000	3,645,000	103,627,000	19,939,000	(5,770,000)	(4,147,000)	117,309,000	(1,504,000)
Balance (in Shares) at Mar. 31, 2020		14,804,832
Balance at Dec. 31, 2019	119,150,000	$ 15,000	3,640,000	106,328,000	19,939,000	(4,330,000)	(4,932,000)	120,660,000	(1,510,000)
Balance (in Shares) at Dec. 31, 2019		14,801,770
Net income (loss)	(6,498,000)
Balance at Jun. 30, 2020	111,893,000	$ 15,000	3,645,000	99,833,000	19,939,000	(6,031,000)	(3,996,000)	113,405,000	(1,512,000)
Balance (in Shares) at Jun. 30, 2020		14,804,832
Balance at Mar. 31, 2020	115,805,000	$ 15,000	3,645,000	103,627,000	19,939,000	(5,770,000)	(4,147,000)	117,309,000	(1,504,000)
Balance (in Shares) at Mar. 31, 2020		14,804,832
Net income (loss)	(3,800,000)			(3,794,000)				(3,794,000)	(6,000)
Net cash received from related party under counter guarantee agreement	151,000						151,000	151,000
Foreign currency translation adjustment	(263,000)					(261,000)		(261,000)	(2,000)
Balance at Jun. 30, 2020	111,893,000	$ 15,000	3,645,000	99,833,000	19,939,000	(6,031,000)	(3,996,000)	113,405,000	(1,512,000)
Balance (in Shares) at Jun. 30, 2020		14,804,832
Balance at Dec. 31, 2020	134,449,000	$ 15,000	3,650,000	109,171,000	20,376,000	4,590,000	(3,353,000)	134,449,000
Balance (in Shares) at Dec. 31, 2020		14,809,160
Stock issued for compensation	5,000		5,000					5,000
Stock issued for compensation (in Shares)		1,500
Net income (loss)	(1,170,000)			(1,170,000)				(1,170,000)
Net cash received from related party under counter guarantee agreement	379,000						379,000	379,000
Foreign currency translation adjustment	(1,352,000)					(1,352,000)		(1,352,000)
Balance at Mar. 31, 2021	132,311,000	$ 15,000	3,655,000	108,001,000	20,376,000	3,238,000	(2,974,000)	132,311,000
Balance (in Shares) at Mar. 31, 2021		14,810,660
Balance at Dec. 31, 2020	134,449,000	$ 15,000	3,650,000	109,171,000	20,376,000	4,590,000	(3,353,000)	134,449,000
Balance (in Shares) at Dec. 31, 2020		14,809,160
Net income (loss)	(2,941,000)
Balance at Jun. 30, 2021	134,360,000	$ 15,000	3,655,000	106,230,000	20,376,000	6,672,000	(2,588,000)	134,360,000
Balance (in Shares) at Jun. 30, 2021		14,810,660
Balance at Mar. 31, 2021	132,311,000	$ 15,000	3,655,000	108,001,000	20,376,000	3,238,000	(2,974,000)	132,311,000
Balance (in Shares) at Mar. 31, 2021		14,810,660
Net income (loss)	(1,771,000)			(1,771,000)				(1,771,000)
Net cash received from related party under counter guarantee agreement	386,000						386,000	386,000
Foreign currency translation adjustment	3,434,000					3,434,000		3,434,000
Balance at Jun. 30, 2021	$ 134,360,000	$ 15,000	$ 3,655,000	$ 106,230,000	$ 20,376,000	$ 6,672,000	$ (2,588,000)	$ 134,360,000
Balance (in Shares) at Jun. 30, 2021		14,810,660

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (2,941)	$ (6,498)
Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation and amortization	3,212	3,597
Loss from sale of property and equipment	463	189
Provision of bad debt allowance	652	969
Write off obsolete inventories	5,530	3,681
Changes in fair value of investment	(2,275)
Deferred income tax	604	71
Stock-based compensation	5	5
Changes in operating assets and liabilities
Accounts receivable	13,433	30,444
Inventories	(11,346)	11,659
Value added tax receivable	(562)	1,076
Other receivables and prepaid expenses	(632)	737
Advances on inventory purchases	2,928	3,845
Amounts due from related parties	546	(214)
Accounts payable	(17,753)	(22,522)
Accounts payable and other payables- related parties	(1,763)	(466)
Other payables and accrued liabilities	1,201	(7,027)
Value added and other taxes payable	(1,209)	(1,593)
Income tax payable	(581)	(910)
Net cash (used in) provided by operating activities	(10,488)	17,043
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property and equipment	(4,452)	(1,018)
Net (purchase) sale of trading securities	(1,468)	(825)
Net cash (used in) investing activities	(5,920)	(1,843)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from bank loans	12,841	31,995
Repayment of bank loans	(13,905)	(21,173)
Net collection (advance) of amounts due from related party (equity)	798	898
Net cash (used in) provided by financing activities	(266)	11,720
EFFECT OF EXCHANGE RATE CHANGES ON CASH	1,639	(723)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(15,035)	26,197
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	121,723	50,755
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	106,688	76,952
Reconciliation of cash, cash equivalents and restricted cash reported within their consolidated balance sheets:
Cash and Cash Equivalents	63,963	59,236
Restricted cash	42,725	17,716
Total	106,688	76,952
Cash paid during the period for:
Interest	692	907
Income taxes	$ 1,781	$ 493

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Nature of Operations and Basis of Presentation	NOTE 1 Nature of Operations and Basis of Presentation Ever-Glory International Group, Inc. (the “Company” or “We” or “Ours”), together with its subsidiaries, is an apparel manufacturer, supplier and retailer in The People’s Republic of China (“China” or “PRC”), with a wholesale segment and a retail segment. The Company’s wholesale business consists of recognized brands for department and specialty stores located in China, Europe, Japan and the United States. The Company’s retail business consists of flagship stores and store-in-stores for the Company’s own-brand products. The Company’s wholesale operations are provided primarily through the Company’s wholly-owned PRC subsidiaries, Goldenway Nanjing Garments Co. Ltd. (“Goldenway”), Nanjing Catch-Luck Garments Co. Ltd. (“Catch-Luck”), Nanjing New-Tailun Garments Co. Ltd (“New-Tailun”), Haian Tai Xin Garments Trading Company Limited (“Haian Tai Xin”), Ever-Glory International Group Apparel Inc. (“Ever-Glory Apparel”), Chuzhou Huirui Garments Co. Ltd. (“Huirui”), and Nanjing Rui Lian Technology Company Limited (“Nanjing Rui Lian”), and the Company’s wholly-owned Samoa subsidiary, Ever-Glory International Group (HK) Ltd. (“Ever-Glory HK”) and the Company’s wholly-owned Hong Kong subsidiary, Ever-Glory Supply Chain Service Co., Limited (“Ever-Glory Supply Chain”). The Company’s retail operations are provided through its wholly-owned subsidiaries, Shanghai LA GO GO Fashion Company Limited (“Shanghai LA GO GO”), Jiangsu LA GO GO Fashion Company Limited (“Jiangsu LA GO GO”), Tianjin LA GO GO Fashion Company Limited (“Tianjin LA GO GO”), Shanghai Ya Lan Fashion Company Limited (“Ya Lan”) and Nanjing Tai Xin Garments Trading Company Limited (“Tai Xin”). Shanghai Yiduo Fashion Company Limited, the only then subsidiary with non-controlling interests, was deconsolidated from the financial statements as of December 31, 2020 as a result of bankruptcy liquidation. He Meida was closed in April 2021, which is not a strategic shift and does not have major effect on the Company’s operations or financial results and the disposal loss was immaterial to the financial statements. In the opinion of management, the accompanying unaudited condensed consolidated financial statements of the Company and its subsidiaries contain all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation of the condensed consolidated balance sheet as of June 30, 2021, the condensed consolidated statements of operations and comprehensive income (loss), condensed consolidated statements of equity, and condensed consolidated statements of cash flows for the three and six months ended June 30, 2021 and 2020. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and the instructions to Rule 8-03 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Accordingly, they have been condensed and do not include all of the information and footnotes required by GAAP for complete financial statements. Wholesale revenues are generally higher in the third and fourth fiscal quarters, while retail revenues are generally higher in the first and fourth fiscal quarters. The results of operations for the six months ended June 30, 2021 are not necessarily indicative of the results of operations to be expected for the full fiscal year. These financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 SIGNIFICANT ACCOUNTING POLICIES The Company uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in the annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC (“2020 Form 10-K.”) Use of Estimates In preparing our condensed consolidated financial statements, we use estimates and assumptions that affect the reported amounts and disclosures. Our estimates are often based on complex judgments, probabilities and assumptions that we believe to be reasonable, but that are inherently uncertain and unpredictable. We are also subject to other risks and uncertainties that may cause actual results to differ from estimated amounts. Significant estimates include the assumptions used to value tax liabilities, derivative financial instruments, the estimates of the allowance for deferred tax assets, and the accounts receivable allowance, and impairment of long-lived assets and inventory write off. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s consolidated financial statements.

Investments

Investments	6 Months Ended
	Jun. 30, 2021
Investments [Abstract]
INVESTMENTS	NOTE 3 INVESTMENTS Trading securities Investments in equity securities of certain US and HK public companies are accounted for as trading securities and measured subsequently at fair value in the consolidated balance sheets. Net gains and losses recognized during the three months periods are summarized as follows (In thousands of U.S. Dollars). Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 (In thousands of U.S. Dollars) Net gains recognized during the period on equity securities 59 4 321 4 Less: Net gains recognized during the period on equity securities sold during the period - - 54 - Unrealized gains recognized during the reporting period on equity securities still held at the reporting date $ 59 $ 4 $ 267 $ 4 Equity security investment In August 2020, Ever-Glory Apparel invested $2.9 million (RMB 20.0 million) for 2.38% ownership in a partnership (“Partnership”). In December 2020, the Partnership invested in a public company in China. As a limited partner, the Company does not have ability to exercise significant influence due to lack of kick-out rights through voting interests. In the meantime, the Company entered an agreement with the general partner of the Partnership (GP) and an individual that the Company has the privilege to sell the ownership interests in the Partnership to GP or the individual for the consideration of the average net asset value ten trading days prior to the closing date, if the Company is not able to withdraw any part of the original investment from the Partnership in the twelve months period beginning the third year of the initial investment (“optional withdrawal period”). If the Company opts to withdraw entire investment during the optional withdrawal period, the GP will compensate up to 8% of annual return on investment. If the return on investment is in excess of 8% for any portion of the investment withdrawn during the optional withdrawal period, then 20% of the return in excess of 8% will be shared with the individual. The Company may also continue to invest in the Partnership beyond the optional withdrawal period, but none of above agreement with the GP and the individual is in place. In December 2020, the Partnership invested in a public company in China. Since there is readily determinable fair value of the equity investment, the Company started to measure its equity investment at fair value using the public company’s stock price and the Company’s shares since December 31, 2020. At each reporting period, the Company makes a qualitative assessment considering impairment indicators to evaluate whether the investment is impaired. There is no significant adverse change in the regulatory, economic, or technological environment of the investee. So the investment was not impaired at June 30, 2021.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 4 INVENTORIES Inventories at June 30, 2021 and December 31, 2020 consisted of the following: June 30, December 31, (In thousands of Raw materials $ 2,071 $ 1,297 Work-in-progress 21,796 8,130 Finished goods 36,323 44,466 Total inventories $ 60,190 $ 53,893

Restricted Cash

Restricted Cash	6 Months Ended
	Jun. 30, 2021
Supplemental Cash Flow Elements [Abstract]
RESTRICTED CASH	NOTE 5 RESTRICTED CASH As of June 30, 2021, restricted cash was $42.7 million (RMB276.0 million). Restricted cash $41.7 million (RMB 270.0 million) of time deposit was pledged for loans to Shanghai Pudong Development Bank. And $1.0 million (RMB6.0 million) was deposit for $4.6 million (RMB 30.0 million) loan received in July, 2021.

Bank Loans

Bank Loans	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
BANK LOANS	NOTE 6 BANK LOANS Bank loans represent amounts due to various banks and are generally due on demand or within one year. These loans can be renewed with the banks. Short term bank loans consisted of the following as of June 30, 2021 and December 31, 2020. June 30, December 31, Bank (In thousands of Shanghai Pudong Development Bank $ 44,118 $ 42,157 Industrial and Commercial Bank of China 18,576 21,462 Nanjing Bank 2,322 2,300 Bank of Ningbo 482 - $ 65,498 $ 65,919 In August 2020, Ever-Glory Apparel entered into a line of credit agreement for approximately $3.0 million (RMB20.0 million) with the Shanghai Pudong Development Bank and guaranteed by Goldenway. As of June 30, 2021, Ever-Glory Apparel had borrowed $2.3 million (RMB 15.0 million) under this line of credit with annual interest 3.01% and due on September 2021. As of June 30, 2021, approximately $0.7 million was unused and available under this line of credit. From March 2020 to July 2020, Ever-Glory Apparel entered into a deposit certificate of $27.8 million (RMB180.0 million) with the Shanghai Pudong Development Bank with annual interest rates ranging from 3.75% to 3.99%. From July to November 2020, Ever-Glory Apparel pledged the deposit certificate to the Shanghai Pudong Development Bank and Ever-Glory Apparel had borrowed $27.8 million (RMB 180.0 million) under this line of certificate with an annual interest rate from 2.50% to 3.10% and due on between May 2021 and October 2021. In December 2020, Goldenway entered into a deposit certificate of $13.9 million (RMB90.0 million) with the Shanghai Pudong Development Bank with an annual interest rate of 3.85%. From November 2020 to February 2021, Goldenway pledged the deposit certificate to the Shanghai Pudong Development Bank and Goldenway had borrowed $13.9 million (RMB 90.0 million) under this line of certificate with annual interest rate of 2.90% and 3.4%, due between December 2021 and February 2022. In April 2020, Goldenway entered into a line of credit agreement with Industrial and Commercial Bank of China, which allows the Company to borrow up to approximately $6.2 million (RMB40.0 million). These loans are collateralized by the Company’s property and equipment. As of June 30, 2021, Goldenway had borrowed $6.2 million (RMB40.0 million) from Industrial and Commercial Bank of China with an annual interest rate 4.57% and due in August 2021. In July 2019, Ever-Glory Apparel entered into a line of credit agreement for approximately $15.5 million (RMB100.0 million) with Industrial and Commercial Bank of China, which is collateralized by assets of Nanjing Knitting, an equity investee of Jiangsu Ever-Glory International Group Corp. (“Jiangsu Ever-Glory”), under a collateral agreement executed among Ever-Glory Apparel, Nanjing Knitting and the bank. As of June 30, 2021, Ever-Glory Apparel had borrowed $12.4 million (RMB 80.0 million) under this line of credit with annual interest rates ranging from 3.95% to 4.35% and due between August 2021 to March 2022. As of June 30, 2021, approximately $3.1 million was unused and available under this line of credit. In April 2020, Goldenway entered into a line of credit agreement with Nanjing Bank, which allows the Company to borrow up to approximately $6.9 million (RMB45.0 million). These loans are guaranteed by Jiangsu Ever-Glory International Group Corp. (“Jiangsu Ever-Glory”), an entity controlled by Mr. Kang, the Company’s Chairman and Chief Executive Officer. These loans are also collateralized by the Company’s property and equipment. As of June 30, 2021, approximately $6.9 million was unused and available under this line of credit. In June 2020, LA GO GO entered into a revolving line of credit agreement with Nanjing Bank, which allows the Company to borrow up to approximately $3.0 million (RMB20.0 million). The line of credit is guaranteed by Mr. Kang and Goldenway. As of June 30, 2021, LA GO GO had borrowed $2.3 million (RMB 15.0 million) under this line of credit with annual interest 4.55% and due in September 2021. As of June 30, 2021, approximately $0.7 million was unused and available under this line of credit. In September 2019, Ever-Glory Apparel entered into a line of credit agreement for approximately $9.3 million (RMB60.0 million) with Nanjing Bank and guaranteed by Jiangsu Ever-Glory, Mr. Kang and Goldenway. As of June 30, 2021, approximately $9.3 million was unused and available under this line of credit. In March 2021, Ever-Glory Apparel entered into a line of credit agreement for approximately $4.6 million (RMB30.0 million) with Bank of China and guaranteed by Jiangsu Ever-Glory. These loans are also collateralized by assets of Jiangsu Ever-Glory’s equity investee, Chuzhou Huarui, under a collateral agreement executed by Ever-Glory Apparel, Chuzhou Huarui and Bank of China. As of June 30, 2021, approximately $4.6 million was unused and available under this line of credit. In June 2021, Ever-Glory Apparel had borrowed $0.5 million from Bank of Ningbo with annual interest 0.31% and due in July 2021. All bank loans are used to fund our daily operations. All loans have been repaid before or at maturity date. Total interest expense on bank loans amounted to $0.7 million and $0.9 million for the six months ended June 30, 2021 and 2020, respectively, and $0.2 million and $0.6 million for the three months ended June 30, 2021 and 2020, respectively.

Income Tax

Income Tax	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAX	NOTE 7 INCOME TAX The Company’s operating subsidiaries are governed by the Income Tax Law of the PRC concerning Foreign Investment Enterprises and Foreign Enterprises and various local income tax laws (“the Income Tax Laws”). All PRC subsidiaries, except for He Meida, are subject to income tax at the 25% statutory rate. He Meida incorporated in Xizang (Tibet) Autonomous Region is subject to income tax at 15% statutory rate. The local government has implemented an income tax reduction from 15% to 9% valid through December 31, 2020. He Meida was closed in April 2021. Perfect Dream was incorporated in the British Virgin Islands (BVI), and under the current laws of the BVI dividends and capital gains arising from the Company’s investments in the BVI are not subject to income taxes. Ever-Glory HK was incorporated in Samoa, and under the current laws of Samoa has no liabilities for income taxes. Ever-Glory Supply Chain Service Co., Limited was incorporated in Hongkong, and under the current laws of Hongkong, its income tax rate is 8.25% when its profit is under HKD 2.0 million and its income tax rate is 16.5% when its profit is over HKD 2.0 million. The PRC’s Enterprise Income Tax Law imposes a 10% withholding income tax for dividends distributed by a foreign invested enterprise in PRC to its immediate holding company outside China; such distributions were exempted under the previous income tax law and regulations. A lower withholding tax rate will be applied if there is a tax treaty arrangement between mainland China and the jurisdiction of the foreign holding company. The foreign invested enterprise became subject to the withholding tax starting from January 1, 2008. Given that the undistributed profits of the Company’s subsidiaries in China are intended to be retained in China for business development and expansion purposes, no withholding tax accrual has been made. After the tax liability adjustment resulted from the reevaluation of the Company’s tax position (resulting in the company allocating substantially all of the earnings of the Samoan subsidiary to the PRC and reporting such earnings as taxable in the PRC), pre-tax (loss) income for the three and six months ended June 30, 2021 and 2020 was taxable in the following jurisdictions: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 (In thousands of U.S. Dollars) Mainland China $ (28 ) $ (3,531 ) $ (467 ) $ (6,000 ) Hongkong, PRC (654 ) - (654 ) - Others (3 ) (3 ) (5 ) (5 ) 　 $ (685 ) $ (3,534 ) $ (1,126 ) $ (6,005 ) The following table reconciles the PRC statutory rates to the Company’s effective tax rate for the three and six months ended June 30, 2021 and 2020: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 PRC statutory rate 25.0 % 25.0 % 25.0 % 25.0 % Temporary difference between US GAAP and PRC tax accounting (183.4 ) (32.5 ) (186.2 ) (33.2 ) Effective income tax rate (158.4 )% (7.5 )% (161.2 )% (8.2 )% Income tax expense for the three and six months ended June 30, 2021 and 2020 is as follows: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Current $ 512 $ 195 $ 1,218 $ 304 Deferred 574 71 597 189 Income tax expense $ 1,086 $ 266 $ 1,815 $ 493 The Company’s deferred tax liabilities arise from differences between US GAAP and PRC tax accounting for certain revenue and expense items, including timing of deduction of losses from allowances. The Company has not recorded U.S. deferred income taxes on approximately $108.5 million of its non-U.S. subsidiaries’ undistributed earnings because such amounts are intended to be reinvested outside the United States indefinitely. The U.S. Tax Reform signed into law on December 22, 2017 significantly modified the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial tax system with a one-time transition tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries; and providing for new taxes on certain foreign earnings. The Company measured the current and deferred taxes based on the provisions of the Tax legislation. After the Company’s measurement, there is no deferred tax expense (income) relating to the Tax Act changes for the year ended June 30, 2021.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	NOTE 8 STOCKHOLDERS’ EQUITY On January 15, 2020, the Company issued 3,062 shares of Company’s common stock to two of the Company’s independent directors as compensation for their services rendered during the third and fourth quarter of 2019. The shares issued in 2020 were valued at $1.41 per share, which was the average market price of the common stock for the five days before the grant date. On February 9, 2021, the Company issued 1,500 shares of the Company’s common stock to two of the Company’s independent directors as compensation for their services rendered during the third and fourth quarter of 2020. The shares issued in 2021 were valued at $3.34 per share, which was the average market price of the common stock for the five days before the grant date.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 9 RELATED PARTY TRANSACTIONS Mr. Kang is the Company’s Chairman and Chief Executive Officer. Ever-Glory Enterprises (HK) Ltd. (Ever-Glory Enterprises) is the Company’s major shareholder. Mr. Xiaodong Yan was Ever-Glory Enterprises’ sole shareholder and sole director. Mr. Huake Kang, Mr. Kang’s son, acquired 83% interest of Ever-Glory Enterprises and became its sole director in 2014. All transactions associated with the following companies controlled by Mr. Kang or his son are considered to be related party transactions, and it is possible that the terms of these transactions may not be the same as those that would result from transactions between unrelated parties. All related party outstanding balances are short-term in nature and are expected to be settled in cash. Other income from Related Parties Jiangsu Wubijia Trading Company Limited (“Wubijia”) is an entity engaged in high-grade home goods sales and is controlled by Mr. Kang. Wubijia has sold their home goods on consignment in some Company’s retail stores since the third quarter of 2014. Other income from Wubijia for the three and six months ended at June 30, 2021 and 2020 are as follows: Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In thousands of The Company received from the customers $ - $ - $ 3 $ 3 The Company paid to Wubijia - - (3 ) (3 ) The net income recorded as other income $ - $ - $ - $ - Included in other income for the years ended June 30, 2021 and 2020 is rental income from EsC’Lav, the entity controlled by Mr. Kang under operating lease agreement with term through 2021. The rental income is $6,391, $5,825, $12,757 and $11,741 for the three and six months ended June 30, 2021 and 2020, respectively. Other expenses due to Related Parties Included in other expenses for the three and six months ended June 30, 2021 and 2020 are rent costs due to entities controlled by Mr. Kang under operating lease agreements as follows: Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 (In thousands of U.S. Dollars) Chuzhou Huarui 55 52 110 102 Kunshan Enjin 24 21 47 43 Total $ 79 $ 73 $ 157 $ 145 The Company leases Chuzhou Huarui and Kunshan Enjin’s warehouse spaces because the locations are convenient for transportation and distribution. Purchases from and Sub-contracts with Related Parties The Company purchased raw materials from Nanjing Knitting totaling $0.7 million, $0 million, $0.9 million and $0.4 million during the three and six months ended June 30, 2021 and 2020, respectively. In addition, the Company sub-contracted certain manufacturing work to related companies totaled $5.1 million, $5.4 million, $10.1 million and $8.4 million for the three and six months ended June 30, 2021 and 2020, respectively. The Company provided raw materials to the sub-contractors and charged a fixed fee for labor provided by the sub-contractors. Sub-contracts with related parties included in cost of sales for the three and six months ended June 30, 2021 and 2020 are as follows: Three Months Ended Six Months Ended 2021 2020 2021 2020 (In thousands of U.S. Dollars) Chuzhou Huarui $ 370 $ 477 $ 861 $ 990 Fengyang Huarui 332 242 651 400 Nanjing Ever-Kyowa 319 188 710 442 Ever-Glory Vietnam 3,360 3,595 6,443 5,479 Nanjing Knitting 917 487 917 487 EsCeLav 31 14 37 24 Jiangsu Ever-Glory 7 381 464 627 $ 5,336 $ 5,384 $ 10,083 $ 8,449 Accounts Payable – Related Parties The accounts payable to related parties at June 30, 2021 and December 31, 2020 are as follows: 2021 2020 (In thousands of Ever-Glory Vietnam $ 926 1,727 Fengyang Huarui - 150 Nanjing Ever-Kyowa 4 384 Chuzhou Huarui 249 1,234 Nanjing Knitting 573 257 Jiangsu Ever-Glory 379 12 Total $ 2,131 $ 3,764 Amounts Due From Related Parties-current assets The amounts due from related parties at June 30, 2021 and December 31, 2020 are as follows: 2021 2020 (In thousands of Jiangsu Ever-Glory $ 29 $ 567 Fengyang Huarui 157 - Total $ 186 $ 567 Jiangsu Ever-Glory is an entity engaged in importing/exporting, apparel-manufacture, real-estate development, car sales and other activities. Jiangsu Ever-Glory is controlled by Mr. Kang. During three and six months ended June 30, 2021 and 2020, the Company and Jiangsu Ever-Glory purchased raw materials on behalf of each other in order to obtain cheaper purchase prices. The Company purchased raw materials on Jiangsu Ever-Glory’s behalf and sold to Jiangsu Ever-Glory at a cost of $1.0 million, $0 million, $2.8 million and $0.4 million during the three and six months period ended June 30, 2021 and 2020, respectively. Jiangsu Ever-Glory purchased raw materials on the Company’s behalf and sold to the Company at a cost of $0 million, $0.1 million, $0.5 million and $0.4 million during the three and six months ended June 30, 2021 and 2020, respectively. Amounts Due From Related Party under Counter Guarantee Agreement In March 2012, in consideration of the guarantees and collateral provided by Jiangsu Ever-Glory and Nanjing Knitting, the Company agreed to provide Jiangsu Ever-Glory a counter guarantee in the form of cash of not less than 70% of the maximum aggregate lines of credit obtained by the Company. Jiangsu Ever-Glory is obligated to return the full amount of the counter-guarantee funds provided upon expiration or termination of the underlying lines of credit and is to pay annual interest at the rate of 6.0% of amounts provided. As of June 30, 2021 and December 31, 2020, Jiangsu Ever-Glory has provided guarantees for approximately $36.3 million (RMB 235 million) and $36 million (RMB 235.0 million) of lines of credit obtained by the Company, respectively. Jiangsu Ever-Glory and Nanjing Knitting have also provided their assets as collateral for certain of these lines of credit. The value of the collateral, as per appraisals obtained by the banks in connection with these lines of credit is approximately $27.5 million (RMB 177.5 million) and $27.2 million (RMB 177.5 million) as of June 30, 2021 and December 31, 2020 respectively. Mr. Kang has also provided a personal guarantee for $12.4 million (RMB 80.0 million) and $14.8 million (RMB 96.3 million) as of June 30, 2021 and December 31, 2020, respectively. At December 31, 2020, $3.1 million (RMB 20.0 million) was outstanding due from Jiangsu Ever-Glory under the counter guarantee agreement. During the six months ended June 30, 2021, an additional $0.2 million (RMB 1.2 million) was provided to and repayment of $1.0 million (RMB 6.4 million) was received from Jiangsu Ever-Glory under the counter-guarantee. As of June 30, 2021, the amount of the counter-guarantee was $2.3 million (RMB 14.9 million) (the difference represents currency exchange adjustment of $0.02 million), which was 6.32% of the aggregate amount of lines of credit. This amount plus accrued interest of $0.3 million have been classified as a reduction of equity, consistent with the guidance of SEC Staff Accounting Bulletins 4E and 4G. At June 30, 2021 and December 31, 2020, the amount classified as a reduction of equity was $2.6 million and $3.4 million, respectively. Interest of 0.5% was charged on net amounts due from Jiangsu Ever-Glory at each month end. Since January 1, 2019, interest rate has changed to 0.3625% charged at each month end as the bank benchmark interest rate decreased. Interest income for the three and six months ended June 30, 2021 and 2020 was approximately $0 million, $0.01 million, $0 million and $0.1 million, respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10 COMMITMENTS AND CONTINGENCIES Operating Lease Commitment The Company recognized operating lease liabilities and operating lease right-of-use (ROU) assets on its balance sheets. ROU assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the estimated present value of lease payments over the lease term. The Company has leases with fixed payments for land-use-rights, warehouses and logistics centers, flagship stores, and leases with variable payments for stores within shopping malls (“shopping mall stores”) in the PRC, which are classified as operating leases. Options to extend or renew are recognized as part of the lease liabilities and recognized as right of use assets. There are no residual value guarantees and no restrictions or covenants imposed by the leases. The weighted average remaining lease term excluding stores in the shopping malls is 30 years and the weighted average discount rate is 4.35%. The lease term for shopping mall stores is commonly one year with options to extend or renew, and the rent is predetermined with a percentage of sales. The Company estimates the next 12 months rent for the shopping mall stores by annualizing current period rent calculated with the percentage of sales. Thus, the ROU assets and lease liabilities may vary significantly at different period ends. For stores closed before the lease end, we would incur insignificant amounts in net of loss on impairment of ROU assets and gain on extinguishment of lease liabilities, which are recorded in the current period statement of income (loss) and comprehensive income (loss). In the six months ended June 30, 2021, the costs of the leases recognized in cost of revenues and general administrative expenses are $15.9 million and $0.2 million, respectively. Cash paid for the operating leases including in the operating cash flows was $16.1 million. In the six months ended June 30, 2020, the costs of the leases recognized in cost of revenues and general administrative expenses are $12.0 and $0.2 million, respectively. Cash paid for the operating leases including in the operating cash flows was $12.2 million. The following table summarizes the maturity of operating lease liabilities: Year ending December 31, (In thousands of U.S. Dollars) 2021 $ 376 2022 753 2023 768 2024 433 2025 433 Thereafter 12,908 Total lease payment 15,671 Less: Interest 6,995 Total $ 8,676 Legal Proceedings We are not aware of any pending legal proceedings to which we are a party which is material or potentially material, either individually or in the aggregate. We are from time to time, during the normal course of our business operations, subject to various litigation claims and legal disputes. We do not believe that the ultimate disposition of any of these matters will have a material adverse effect on our financial position, results of operations or liquidity. Lawsuits against Client A In November 2020, the Company’s two subsidiaries, Ever-Glory International Group Apparel Inc. and Goldenway Nanjing Garments Company Limited filed a complaint against Client A (“Client A”) for unpaid goods worth RMB 70.15 million ($10.86 million) in the Tianjin No.1 Intermediate People’s Court based on processing contracts between the parties. The Company has applied for interim measures with the court and has frozen bank accounts of Client A for a total amount of RMB 68.12 million ($10.54 million). The Company has delivered goods worth RMB 62.06 million ($9.51 million) to Client A pursuant to the processing contracts. The Company also seeks Client A for the payment of the loss incurred from the cost of raw materials paid to suppliers in the amount of RMB 8.09 million ($1.25 million) in reliance on the processing contracts. The Company received RMB 71.4 million ($11.05 million) from Client A in April 2021 which settled the complaint amount.

Risks and Uncertainties

Risks and Uncertainties	6 Months Ended
	Jun. 30, 2021
Risks and Uncertainties [Abstract]
RISKS AND UNCERTAINTIES	NOTE 11 RISKS AND UNCERTAINTIES Economic and Political Risks The Company’s results of operations could be adversely affected by general conditions in the global economy, including conditions that are outside of its control, such as the impact of health and safety concerns from the outbreak of COVID-19. The outbreak in China has resulted in the reduction of customer traffic and temporary closures of shopping malls as mandated by the provincial governments in various provinces of China from late January to March, which has adversely affected the company in the retail business with a decline in sales since February 2020. The Company’s wholesale business is also significantly affected as the Company is facing a sharp decline in its order quantities. Some of the Company’s wholesale clients have also cancelled or postponed existing orders. Due to the Chinese factories’ shutdowns and traffic restrictions during the outbreak in China and potential shutdowns and traffic restrictions in the countries where the Company’s suppliers are located, The Company’s supply chain and business operations of its suppliers may be affected. Disruptions from the closure of supplier and manufacturer facilities, interruptions in the supply of raw materials and components, personnel absences, or restrictions on the shipment of the Company’s or its suppliers’ or customers’ products, could have adverse ripple effects on the Company’s manufacturing output and delivery schedule. The Company could also face difficulties in collecting its accounts receivables due to the effects of COVID-19 on its customers and risk gaining a large amount of bad debt. Global health concerns, such as COVID-19, could also result in social, economic, and labor instability in the countries and localities in which the Company, its suppliers and customers operate. Although China has already begun to recover from the outbreak of COVID-19, the epidemic continues to spread on a global scale and there is the risk of the epidemic returning to China in the future, thereby causing further business interruption. While the potential economic impact brought by and the duration of COVID-19 may be difficult to assess or predict, a widespread pandemic could result in significant disruption of global financial markets, reducing our ability to access capital, which could in the future negatively affect the Company’s liquidity. In addition, a recession or market correction resulting from the spread of COVID-19 could materially affect the Company’s business and the value of its common stock. If the Company’s future sales continue to decline significantly, it may risk facing financial difficulties due to its recurring fixed expenses. The extent to which COVID-19 impacts the Company’s operating is uncertain and cannot be predicted at this time, and it will depend on many factors and future developments, including new information about COVID-19 and any new government regulations which may emerge to contain the virus, among others. The majority of the Company’s operations are conducted in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC economy. The Company’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. Credit risk The Company extends unsecured credit to its customers in the normal course of business and generally does not require collateral. As a result, management performs ongoing credit evaluations, and the Company maintains an allowance for potential credit losses based upon its loss history and its aging analysis. Management reviews the allowance for doubtful accounts each reporting period based on a detailed analysis of accounts receivable. In the analysis, management primarily considers the age of the customer’s receivable and also considers the credit worthiness of the customer, the economic conditions of the customer’s industry, and general economic conditions and trends, among other factors. If any of these factors change, the Company may also change its original estimates, which could impact the level of the Company’s future allowance for doubtful accounts. If judgments regarding the collectability of accounts receivables are incorrect, adjustments to the allowance may be required, which would reduce profitability. Concentration risk For the three months ended June 30, 2021, the Company had one wholesale customer that represented approximately 19% of the Company’s revenues. For the six months ended June 30, 2021, the Company had one wholesale customer that represented approximately 11% of the Company’s revenues. For the three months ended June 30, 2020, the Company had one wholesale customer that represented approximately 30% of the Company’s revenues. For the six months ended June 30, 2020, the Company had two wholesale customers that represented approximately 12% and 19% of the Company’s revenues. For the wholesale business, the Company did not rely on any raw material supplier that represented more than 10% of the total raw material purchases during the three and six months ended June 30, 2021 and 2020. For the retail business, the Company relied on four raw material suppliers that represented approximately 33%, 27%, 16% and 11% of raw material purchases during the six months ended June 30, 2021. For the Company’s retail business, the Company had three suppliers that represented 41%, 24% and 19% of raw materials purchases during the six months ended June 30, 2020. For the wholesale business, the Company relied on one finished goods supplier which is a related-party that represented 31.1% of the total raw material purchases during the six months ended June 30, 2021. For the wholesale business, the Company relied on two finished goods suppliers that represented approximately 20% and 11% of the total raw material purchases during the six months ended June 30, 2020. For the retail business, the Company did not rely on any supplier that represented more than 10% of the total finished goods purchases during the six months ended June 30, 2021 and 2020. The Company’s revenues for the three and six months ended June 30, 2021 and 2020 were earned in the following geographic areas: Three months ended Six months ended 2021 2020 2021 2020 (In thousands of U.S. Dollars) The People’s Republic of China $ 4,356 $ 3,111 $ 11,846 $ 7,764 Hong Kong China 2,914 2,054 6,971 5,045 United Kingdom 2,485 471 3,538 1,309 Europe-Other 5,913 3,660 10,059 7,754 Japan 1,550 2,205 4,955 6,589 United States 9,209 10,548 12,277 15,876 Total wholesale business 26,427 22,049 49,646 44,337 Retail business 34,128 28,037 81,723 64,104 Total $ 60,555 $ 50,086 $ 131,369 $ 108,441

Segments

Segments	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
SEGMENTS	NOTE 12 SEGMENTS The Company reports financial and operating information in the following two segments: (a) Wholesale segment (b) Retail segment Wholesale Retail Total (In thousands of U.S. Dollars) Six months ended June 30, 2021 Segment profit or loss: Net revenue from external customers $ 49,646 81,723 131,369 Loss from operations $ (3,371 ) (1,366 ) (4,737 ) Interest income $ 699 53 752 Interest expense $ 639 53 692 Depreciation and amortization $ 310 2,902 3,212 Loss before income tax expense (440 ) (686 ) (1,126 ) Income tax expense $ 804 1,011 1,815 Segment assets: Additions to property, plant and equipment 1,778 2,674 4,452 Inventory 26,931 33,259 60,190 Total assets 178,713 141,624 320,337 Wholesale Retail Total (In thousands of U.S. Dollars) Six months ended June 30, 2020 Segment profit or loss: Net revenue from external customers $ 44,337 64,104 108,441 Income (Loss) from operations $ 1,001 (8,378 ) (7,377 ) Interest income $ 576 40 616 Interest expense $ 719 188 907 Depreciation and amortization $ 583 3,014 3,597 Income (Loss) before income tax expense 1,722 (7,728 ) (6,005 ) Income tax expense $ 468 25 493 Segment assets: Additions to property, plant and equipment 185 833 1,018 Inventory 15,633 35,621 51,254 Total assets 96,192 156,096 252,288 Wholesale Retail Total (In thousands of U.S. Dollars) Three months ended June 30, 2021 Segment profit or loss: Net revenue from external customers $ 26,427 34,128 60,555 Loss from operations $ (2,666 ) (1,107 ) (3,773 ) Interest income $ 502 25 527 Interest expense $ 173 27 200 Depreciation and amortization $ 70 1,800 1,870 Income (Loss)before income tax expense (53 ) (632 ) (685 ) Income tax expense $ 479 607 1,086 Wholesale Retail Total (In thousands of U.S. Dollars) Three months ended June 30, 2020 Segment profit or loss: Net revenue from external customers $ 22,049 28,037 50,086 Income (Loss) from operations $ 1,675 (5,827 ) (4,152 ) Interest income $ 314 25 339 Interest expense $ 501 65 566 Depreciation and amortization $ 329 1,681 2,010 Income (Loss) before income tax expense 1,658 (5,193 ) (3,535 ) Income tax expense $ 281 (16 ) 265

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 13 SUBSEQUENT EVENTS On July 30, 2021, the Company’s board of directors authorized a stock repurchase program to repurchase up to $5 million of the Company’s common stock from time to time until December 31, 2021 through various means, including open market transactions and privately negotiated transactions in accordance with applicable securities laws and regulations (the “2021 Repurchase Plan”). The Company cannot predict when or if it will repurchase any shares of common stock pursuant to the 2021 Repurchase Plan as such repurchases will depend on a number of factors, including constraints specified in agreement with the broker pursuant to Rule 10b5-1 of the Exchange Act, price, general business and market conditions. The Company has evaluated subsequent events through the date which the consolidated financial statements were available to be issued. All subsequent events requiring recognition as of June 30, 2021 have been incorporated into these consolidated financial statements and there are no other significant subsequent events that require disclosure in accordance with FASB ASC Topic 855, “Subsequent Events.”

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates In preparing our condensed consolidated financial statements, we use estimates and assumptions that affect the reported amounts and disclosures. Our estimates are often based on complex judgments, probabilities and assumptions that we believe to be reasonable, but that are inherently uncertain and unpredictable. We are also subject to other risks and uncertainties that may cause actual results to differ from estimated amounts. Significant estimates include the assumptions used to value tax liabilities, derivative financial instruments, the estimates of the allowance for deferred tax assets, and the accounts receivable allowance, and impairment of long-lived assets and inventory write off.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13 “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s consolidated financial statements.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2021
Investments [Abstract]
Schedule of net gains and losses	Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 (In thousands of U.S. Dollars) Net gains recognized during the period on equity securities 59 4 321 4 Less: Net gains recognized during the period on equity securities sold during the period - - 54 - Unrealized gains recognized during the reporting period on equity securities still held at the reporting date $ 59 $ 4 $ 267 $ 4

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2021
Inventory Disclosure [Abstract]
Schedule of inventories	June 30, December 31, (In thousands of Raw materials $ 2,071 $ 1,297 Work-in-progress 21,796 8,130 Finished goods 36,323 44,466 Total inventories $ 60,190 $ 53,893

Bank Loans (Tables)

Bank Loans (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of short-term bank loans	June 30, December 31, Bank (In thousands of Shanghai Pudong Development Bank $ 44,118 $ 42,157 Industrial and Commercial Bank of China 18,576 21,462 Nanjing Bank 2,322 2,300 Bank of Ningbo 482 - $ 65,498 $ 65,919

Income Tax (Tables)

Income Tax (Tables)	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of pre-tax income in jurisdictions	Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 (In thousands of U.S. Dollars) Mainland China $ (28 ) $ (3,531 ) $ (467 ) $ (6,000 ) Hongkong, PRC (654 ) - (654 ) - Others (3 ) (3 ) (5 ) (5 ) 　 $ (685 ) $ (3,534 ) $ (1,126 ) $ (6,005 )
Schedule of reconciliation of PRC statutory rates to the Company's effective tax rate	Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 PRC statutory rate 25.0 % 25.0 % 25.0 % 25.0 % Temporary difference between US GAAP and PRC tax accounting (183.4 ) (32.5 ) (186.2 ) (33.2 ) Effective income tax rate (158.4 )% (7.5 )% (161.2 )% (8.2 )%
Schedule of income tax expense	Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 Current $ 512 $ 195 $ 1,218 $ 304 Deferred 574 71 597 189 Income tax expense $ 1,086 $ 266 $ 1,815 $ 493

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Schedule of home goods on consignment	Three months ended June 30, Six months ended June 30, 2021 2020 2021 2020 (In thousands of The Company received from the customers $ - $ - $ 3 $ 3 The Company paid to Wubijia - - (3 ) (3 ) The net income recorded as other income $ - $ - $ - $ -
Schedule of rent due to entities controlled by Mr. Kang under operating lease agreements	Three months ended Six months ended June 30, June 30, 2021 2020 2021 2020 (In thousands of U.S. Dollars) Chuzhou Huarui 55 52 110 102 Kunshan Enjin 24 21 47 43 Total $ 79 $ 73 $ 157 $ 145
Schedule of sub-contracts with related parties	Three Months Ended Six Months Ended 2021 2020 2021 2020 (In thousands of U.S. Dollars) Chuzhou Huarui $ 370 $ 477 $ 861 $ 990 Fengyang Huarui 332 242 651 400 Nanjing Ever-Kyowa 319 188 710 442 Ever-Glory Vietnam 3,360 3,595 6,443 5,479 Nanjing Knitting 917 487 917 487 EsCeLav 31 14 37 24 Jiangsu Ever-Glory 7 381 464 627 $ 5,336 $ 5,384 $ 10,083 $ 8,449
Schedule of accounts payable to related parties	2021 2020 (In thousands of Ever-Glory Vietnam $ 926 1,727 Fengyang Huarui - 150 Nanjing Ever-Kyowa 4 384 Chuzhou Huarui 249 1,234 Nanjing Knitting 573 257 Jiangsu Ever-Glory 379 12 Total $ 2,131 $ 3,764
Schedule of amounts due from related party	2021 2020 (In thousands of Jiangsu Ever-Glory $ 29 $ 567 Fengyang Huarui 157 - Total $ 186 $ 567

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Summary of maturity of operating lease liabilities	Year ending December 31, (In thousands of U.S. Dollars) 2021 $ 376 2022 753 2023 768 2024 433 2025 433 Thereafter 12,908 Total lease payment 15,671 Less: Interest 6,995 Total $ 8,676

Risks and Uncertainties (Tables

Risks and Uncertainties (Tables)	6 Months Ended
	Jun. 30, 2021
Risks and Uncertainties [Abstract]
Schedule of Company's revenues as per geographic areas	Three months ended Six months ended 2021 2020 2021 2020 (In thousands of U.S. Dollars) The People’s Republic of China $ 4,356 $ 3,111 $ 11,846 $ 7,764 Hong Kong China 2,914 2,054 6,971 5,045 United Kingdom 2,485 471 3,538 1,309 Europe-Other 5,913 3,660 10,059 7,754 Japan 1,550 2,205 4,955 6,589 United States 9,209 10,548 12,277 15,876 Total wholesale business 26,427 22,049 49,646 44,337 Retail business 34,128 28,037 81,723 64,104 Total $ 60,555 $ 50,086 $ 131,369 $ 108,441

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of financial and operating information	(a) Wholesale segment (b) Retail segment Wholesale Retail Total (In thousands of U.S. Dollars) Six months ended June 30, 2021 Segment profit or loss: Net revenue from external customers $ 49,646 81,723 131,369 Loss from operations $ (3,371 ) (1,366 ) (4,737 ) Interest income $ 699 53 752 Interest expense $ 639 53 692 Depreciation and amortization $ 310 2,902 3,212 Loss before income tax expense (440 ) (686 ) (1,126 ) Income tax expense $ 804 1,011 1,815 Segment assets: Additions to property, plant and equipment 1,778 2,674 4,452 Inventory 26,931 33,259 60,190 Total assets 178,713 141,624 320,337 Wholesale Retail Total (In thousands of U.S. Dollars) Six months ended June 30, 2020 Segment profit or loss: Net revenue from external customers $ 44,337 64,104 108,441 Income (Loss) from operations $ 1,001 (8,378 ) (7,377 ) Interest income $ 576 40 616 Interest expense $ 719 188 907 Depreciation and amortization $ 583 3,014 3,597 Income (Loss) before income tax expense 1,722 (7,728 ) (6,005 ) Income tax expense $ 468 25 493 Segment assets: Additions to property, plant and equipment 185 833 1,018 Inventory 15,633 35,621 51,254 Total assets 96,192 156,096 252,288 Wholesale Retail Total (In thousands of U.S. Dollars) Three months ended June 30, 2021 Segment profit or loss: Net revenue from external customers $ 26,427 34,128 60,555 Loss from operations $ (2,666 ) (1,107 ) (3,773 ) Interest income $ 502 25 527 Interest expense $ 173 27 200 Depreciation and amortization $ 70 1,800 1,870 Income (Loss)before income tax expense (53 ) (632 ) (685 ) Income tax expense $ 479 607 1,086 Wholesale Retail Total (In thousands of U.S. Dollars) Three months ended June 30, 2020 Segment profit or loss: Net revenue from external customers $ 22,049 28,037 50,086 Income (Loss) from operations $ 1,675 (5,827 ) (4,152 ) Interest income $ 314 25 339 Interest expense $ 501 65 566 Depreciation and amortization $ 329 1,681 2,010 Income (Loss) before income tax expense 1,658 (5,193 ) (3,535 ) Income tax expense $ 281 (16 ) 265

Investments (Details)

Investments (Details) ¥ in Millions, $ in Millions	1 Months Ended		6 Months Ended
	Aug. 30, 2020USD ($)	Aug. 30, 2020CNY (¥)	Jun. 30, 2021
Schedule of Investments [Abstract]
Invested amount	$ 2.9	¥ 20
Partnership percentage	2.38%	2.38%
General partner of the Partnership agreement, description			In the meantime, the Company entered an agreement with the general partner of the Partnership (GP) and an individual that the Company has the privilege to sell the ownership interests in the Partnership to GP or the individual for the consideration of the average net asset value ten trading days prior to the closing date, if the Company is not able to withdraw any part of the original investment from the Partnership in the twelve months period beginning the third year of the initial investment (“optional withdrawal period”). If the Company opts to withdraw entire investment during the optional withdrawal period, the GP will compensate up to 8% of annual return on investment. If the return on investment is in excess of 8% for any portion of the investment withdrawn during the optional withdrawal period, then 20% of the return in excess of 8% will be shared with the individual. The Company may also continue to invest in the Partnership beyond the optional withdrawal period, but none of above agreement with the GP and the individual is in place.

Investments (Details) - Schedul

Investments (Details) - Schedule of net gains and losses - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule of net gains and losses [Abstract]
Net gains recognized during the period on equity securities	$ 59	$ 4	$ 321	$ 4
Less: Net gains recognized during the period on equity securities sold during the period			54
Unrealized gains recognized during the reporting period on equity securities still held at the reporting date	$ 59	$ 4	$ 267	$ 4

Inventories (Details) - Schedul

Inventories (Details) - Schedule of inventories - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Schedule of inventories [Abstract]
Raw materials	$ 2,071	$ 1,297
Work-in-progress	21,796	8,130
Finished goods	36,323	44,466
Total inventories	$ 60,190	$ 53,893

Restricted Cash (Details)

Restricted Cash (Details) ¥ in Millions, $ in Millions	Jul. 31, 2021USD ($)	Jul. 31, 2021CNY (¥)	Jun. 30, 2021USD ($)	Jun. 30, 2021CNY (¥)
Restricted Cash (Details) [Line Items]
Restricted Cash			$ 42.7	¥ 276
Escrow Deposit	$ 4.6	¥ 30
Subsequent Event [Member]
Restricted Cash (Details) [Line Items]
Restricted Cash	$ 1	¥ 6
Shanghai Pudong Development Bank [Member]
Restricted Cash (Details) [Line Items]
Restricted Cash			$ 41.7	¥ 270

Bank Loans (Details)

Bank Loans (Details) ¥ in Millions	1 Months Ended		3 Months Ended		4 Months Ended	5 Months Ended		6 Months Ended
	Jul. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Feb. 28, 2021USD ($)	Nov. 30, 2020USD ($)	Jul. 31, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021CNY (¥)	Feb. 28, 2021CNY (¥)	Dec. 31, 2020CNY (¥)	Nov. 30, 2020CNY (¥)	Aug. 31, 2020USD ($)	Aug. 31, 2020CNY (¥)	Jul. 31, 2020CNY (¥)	Jun. 30, 2020CNY (¥)	Apr. 30, 2020USD ($)	Apr. 30, 2020CNY (¥)	Sep. 30, 2019USD ($)	Sep. 30, 2019CNY (¥)	Jul. 31, 2019USD ($)	Jul. 31, 2019CNY (¥)
Bank Loans (Details) [Line Items]
Line of credit amount			$ 3,100,000					$ 3,100,000
Annual interest								500,000
Interest expenses			200,000	$ 600,000				700,000	$ 900,000
Subsequent Event [Member]
Bank Loans (Details) [Line Items]
Annual interest	$ 0.0031
Goldenway [Member] | Shanghai Pudong Development Bank [Member]
Bank Loans (Details) [Line Items]
Line of credit agreement amount														$ 3,000,000
Line of credit annual interest rates		3.85%
Time deposit		$ 13,900,000			$ 13,900,000						¥ 90	¥ 90
Due date of revolving line of credit agreement					From November 2020 to February 2021, Goldenway pledged the deposit certificate to the Shanghai Pudong Development Bank and Goldenway had borrowed $13.9 million (RMB 90.0 million) under this line of certificate with annual interest rate of 2.90% and 3.4%, due between December 2021 and February 2022.
Goldenway [Member] | Industrial and Commercial Bank Of China [Member]
Bank Loans (Details) [Line Items]
Borrowed loans amount			6,200,000					$ 6,200,000		¥ 40								$ 6,200,000	¥ 40
Line of credit annual interest rates								4.57%
Due date of revolving line of credit agreement								Goldenway had borrowed $6.2 million (RMB40.0 million) from Industrial and Commercial Bank of China with an annual interest rate 4.57% and due in August 2021.
Goldenway [Member] | Nanjing Knitting [Member]
Bank Loans (Details) [Line Items]
Line of credit agreement amount																		$ 6,900,000	¥ 45
Unused line of credit			6,900,000					$ 6,900,000
Goldenway [Member] | Minimum [Member] | Shanghai Pudong Development Bank [Member]
Bank Loans (Details) [Line Items]
Line of credit annual interest rates					2.90%
Goldenway [Member] | Maximum [Member] | Shanghai Pudong Development Bank [Member]
Bank Loans (Details) [Line Items]
Line of credit annual interest rates					3.40%
Ever Glory Apparel [Member]
Bank Loans (Details) [Line Items]
Line of credit agreement amount			4,600,000					4,600,000		30
Unused line of credit			4,600,000					4,600,000
Ever Glory Apparel [Member] | Shanghai Pudong Development Bank [Member]
Bank Loans (Details) [Line Items]
Line of credit agreement amount | ¥															¥ 20
Borrowed loans amount			2,300,000					$ 2,300,000		15
Line of credit annual interest rates								3.01%
Unused line of credit			700,000					$ 700,000
Time deposit						$ 27,800,000	$ 27,800,000						¥ 180			¥ 180
Ever Glory Apparel [Member] | Industrial and Commercial Bank Of China [Member]
Bank Loans (Details) [Line Items]
Line of credit agreement amount																						$ 15,500,000	¥ 100
Ever Glory Apparel [Member] | Nanjing Knitting [Member]
Bank Loans (Details) [Line Items]
Line of credit agreement amount																				$ 9,300,000	¥ 60
Borrowed loans amount			12,400,000					12,400,000		80
Unused line of credit			9,300,000					$ 9,300,000
Ever Glory Apparel [Member] | Minimum [Member] | Shanghai Pudong Development Bank [Member]
Bank Loans (Details) [Line Items]
Line of credit annual interest rates						2.50%	3.75%
Ever Glory Apparel [Member] | Minimum [Member] | Nanjing Knitting [Member]
Bank Loans (Details) [Line Items]
Line of credit annual interest rates								3.95%
Ever Glory Apparel [Member] | Maximum [Member] | Shanghai Pudong Development Bank [Member]
Bank Loans (Details) [Line Items]
Line of credit annual interest rates						3.10%	3.99%
Ever Glory Apparel [Member] | Maximum [Member] | Nanjing Knitting [Member]
Bank Loans (Details) [Line Items]
Line of credit annual interest rates								4.35%
LA GO GO [Member]
Bank Loans (Details) [Line Items]
Unused line of credit			700,000					$ 700,000
LA GO GO [Member] | Nanjing Knitting [Member]
Bank Loans (Details) [Line Items]
Line of credit agreement amount				$ 3,000,000					$ 3,000,000								¥ 20
Borrowed loans amount			$ 2,300,000					$ 2,300,000		¥ 15
Line of credit annual interest rates								4.55%

Bank Loans (Details) - Schedule

Bank Loans (Details) - Schedule of short-term bank loans - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Bank loans	$ 65,498	$ 65,919
Shanghai Pudong Development Bank [Member]
Short-term Debt [Line Items]
Bank loans	44,118	42,157
Industrial and Commercial Bank of China [Member]
Short-term Debt [Line Items]
Bank loans	18,576	21,462
Nanjing Bank [Member]
Short-term Debt [Line Items]
Bank loans	2,322	2,300
Bank of Ningbo [Member]
Short-term Debt [Line Items]
Bank loans	$ 482

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax (Details) [Line Items]
PRC statutory rate	25.00%	25.00%	25.00%	25.00%
He Meida [Member]
Income Tax (Details) [Line Items]
PRC statutory rate			25.00%
Xizang (Tibet) [Member]
Income Tax (Details) [Line Items]
PRC statutory rate			15.00%
Non-U.S. subsidiaries [Member]
Income Tax (Details) [Line Items]
U.S. deferred income taxes (in Dollars)			$ 108.5
Income tax, description			The U.S. Tax Reform signed into law on December 22, 2017 significantly modified the U.S. Internal Revenue Code by, among other things, reducing the statutory U.S. federal corporate income tax rate from 35% to 21% for taxable years beginning after December 31, 2017; limiting and/or eliminating many business deductions; migrating the U.S. to a territorial tax system with a one-time transition tax on a mandatory deemed repatriation of previously deferred foreign earnings of certain foreign subsidiaries; subject to certain limitations, generally eliminating U.S. corporate income tax on dividends from foreign subsidiaries; and providing for new taxes on certain foreign earnings.
Maximum [Member]
Income Tax (Details) [Line Items]
Effective income tax reduction, percent			15.00%
Minimum [Member]
Income Tax (Details) [Line Items]
Effective income tax reduction, percent			9.00%
Hongkong [Member]
Income Tax (Details) [Line Items]
PRC statutory rate			8.25%
HKD [Member]
Income Tax (Details) [Line Items]
Effective income tax reduction, percent			16.50%
Income tax (in Dollars)			$ 2
Profit (in Dollars)			$ 2
PRC [Member]
Income Tax (Details) [Line Items]
Income tax rate for dividends distribution			10.00%

Income Tax (Details) - Schedule

Income Tax (Details) - Schedule of pre-tax income in jurisdictions - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Tax (Details) - Schedule of pre-tax income in jurisdictions [Line Items]
Pre-tax income	$ (685)	$ (3,534)	$ (1,126)	$ (6,005)
Mainland China [Member]
Income Tax (Details) - Schedule of pre-tax income in jurisdictions [Line Items]
Pre-tax income	(28)	(3,531)	(467)	(6,000)
Hongkong, PRC [Member]
Income Tax (Details) - Schedule of pre-tax income in jurisdictions [Line Items]
Pre-tax income	(654)		(654)
Others [Member]
Income Tax (Details) - Schedule of pre-tax income in jurisdictions [Line Items]
Pre-tax income	$ (3)	$ (3)	$ (5)	$ (5)

Income Tax (Details) - Schedu_2

Income Tax (Details) - Schedule of reconciliation of PRC statutory rates to the Company's effective tax rate	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule of reconciliation of PRC statutory rates to the Company's effective tax rate [Abstract]
PRC statutory rate	25.00%	25.00%	25.00%	25.00%
Temporary difference between US GAAP and PRC tax accounting	(183.40%)	(32.50%)	(186.20%)	(33.20%)
Effective income tax rate	(158.40%)	(7.50%)	(161.20%)	(8.20%)

Income Tax (Details) - Schedu_3

Income Tax (Details) - Schedule of income tax expense - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule of income tax expense [Abstract]
Current	$ 512	$ 195	$ 1,218	$ 304
Deferred	574	71	597	189
Income tax expense	$ 1,086	$ 266	$ 1,815	$ 493

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Two Independent Directors [Member]	Feb. 09, 2021$ / sharesshares	Jan. 15, 2020$ / sharesshares
Stockholders' Equity (Details) [Line Items]
Common stock shares issued to independent directors | shares	1,500	3,062
Number of directors	2	2
Number of days used to calculation average market price of common stock, description	The shares issued in 2021 were valued at $3.34 per share, which was the average market price of the common stock for the five days before the grant date.	The shares issued in 2020 were valued at $1.41 per share, which was the average market price of the common stock for the five days before the grant date.
Average market price of the common stock for the five days before the grant date | $ / shares	$ 3.34	$ 1.41

Related Party Transactions (Det

Related Party Transactions (Details) ¥ in Millions	1 Months Ended	3 Months Ended		6 Months Ended			12 Months Ended
	Mar. 31, 2012	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2021CNY (¥)	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2020CNY (¥)
Related Party Transactions (Details) [Line Items]
Acquired interest	6.00%
Rental income		$ 6,391	$ 5,825
Outstanding due from Jiangsu Ever-Glory		2,588,000		$ 2,588,000			$ 3,353,000
Amounts due from related party under counter guarantee agreement, description				an additional $0.2 million (RMB 1.2 million) was provided to and repayment of $1.0 million (RMB 6.4 million) was received from Jiangsu Ever-Glory under the counter-guarantee. As of June 30, 2021, the amount of the counter-guarantee was $2.3 million (RMB 14.9 million) (the difference represents currency exchange adjustment of $0.02 million), which was 6.32% of the aggregate amount of lines of credit. This amount plus accrued interest of $0.3 million have been classified as a reduction of equity, consistent with the guidance of SEC Staff Accounting Bulletins 4E and 4G. At June 30, 2021 and December 31, 2020, the amount classified as a reduction of equity was $2.6 million and $3.4 million, respectively. Interest of 0.5% was charged on net amounts due from Jiangsu Ever-Glory at each month end. Since January 1, 2019, interest rate has changed to 0.3625% charged at each month end as the bank benchmark interest rate decreased. Interest income for the three and six months ended June 30, 2021 and 2020 was approximately $0 million, $0.01 million, $0 million and $0.1 million, respectively.	an additional $0.2 million (RMB 1.2 million) was provided to and repayment of $1.0 million (RMB 6.4 million) was received from Jiangsu Ever-Glory under the counter-guarantee. As of June 30, 2021, the amount of the counter-guarantee was $2.3 million (RMB 14.9 million) (the difference represents currency exchange adjustment of $0.02 million), which was 6.32% of the aggregate amount of lines of credit. This amount plus accrued interest of $0.3 million have been classified as a reduction of equity, consistent with the guidance of SEC Staff Accounting Bulletins 4E and 4G. At June 30, 2021 and December 31, 2020, the amount classified as a reduction of equity was $2.6 million and $3.4 million, respectively. Interest of 0.5% was charged on net amounts due from Jiangsu Ever-Glory at each month end. Since January 1, 2019, interest rate has changed to 0.3625% charged at each month end as the bank benchmark interest rate decreased. Interest income for the three and six months ended June 30, 2021 and 2020 was approximately $0 million, $0.01 million, $0 million and $0.1 million, respectively.
Related Party [Member]
Related Party Transactions (Details) [Line Items]
Outstanding due from Jiangsu Ever-Glory							3,100,000		¥ 20
Mr. Kang [Member]
Related Party Transactions (Details) [Line Items]
Acquired interest				83.00%	83.00%
Rental income				$ 12,757,000		$ 11,741,000
Guarantee on lines of credit				12,400,000	¥ 80		14,800,000	¥ 96.3
Nanjing Knitting [Member]
Related Party Transactions (Details) [Line Items]
Purchase of raw material		700,000	0	900,000		400,000
Sub-contracts with related parties		5,100,000	10,100,000	5,400,000		8,400,000
Jiangsu Ever-Glory[Member]
Related Party Transactions (Details) [Line Items]
Acquired interest	70.00%
Purchase of raw material		1,000,000	0	2,800,000		400,000
Sale of raw materials		$ 0	$ 500,000	100,000		$ 400,000
Guarantee on lines of credit				36,300,000	235
Lines of credit				$ 27,500,000	¥ 177.5		$ 27,200,000	¥ 177.5

Related Party Transactions (D_2

Related Party Transactions (Details) - Schedule of home goods on consignment - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule of home goods on consignment [Abstract]
The Company received from the customers			$ 3	$ 3
The Company paid to Wubijia			(3)	(3)
The net income recorded as other income

Related Party Transactions (D_3

Related Party Transactions (Details) - Schedule of rent due to entities controlled by Mr. Kang under operating lease agreements - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Related Party Transactions (Details) - Schedule of rent due to entities controlled by Mr. Kang under operating lease agreements [Line Items]
Total	$ 79	$ 73	$ 157	$ 145
Chuzhou Huarui [Member]
Related Party Transactions (Details) - Schedule of rent due to entities controlled by Mr. Kang under operating lease agreements [Line Items]
Total	55	52	110	102
Kunshan Enjin [Member]
Related Party Transactions (Details) - Schedule of rent due to entities controlled by Mr. Kang under operating lease agreements [Line Items]
Total	$ 24	$ 21	$ 47	$ 43

Related Party Transactions (D_4

Related Party Transactions (Details) - Schedule of sub-contracts with related parties - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Related Party Transactions (Details) - Schedule of sub-contracts with related parties [Line Items]
Total	$ 5,336	$ 5,384	$ 10,083	$ 8,449
Chuzhou Huarui [Member]
Related Party Transactions (Details) - Schedule of sub-contracts with related parties [Line Items]
Total	370	477	861	990
Fengyang Huarui [Member]
Related Party Transactions (Details) - Schedule of sub-contracts with related parties [Line Items]
Total	332	242	651	400
Nanjing Ever Kyowa [Member]
Related Party Transactions (Details) - Schedule of sub-contracts with related parties [Line Items]
Total	319	188	710	442
Ever Glory Vietnam [Member]
Related Party Transactions (Details) - Schedule of sub-contracts with related parties [Line Items]
Total	3,360	3,595	6,443	5,479
Nanjing Knitting [Member]
Related Party Transactions (Details) - Schedule of sub-contracts with related parties [Line Items]
Total	917	487	917	487
EsCeLav [Member]
Related Party Transactions (Details) - Schedule of sub-contracts with related parties [Line Items]
Total	31	14	37	24
Jiangsu Ever-Glory [Member]
Related Party Transactions (Details) - Schedule of sub-contracts with related parties [Line Items]
Total	$ 7	$ 381	$ 464	$ 627

Related Party Transactions (D_5

Related Party Transactions (Details) - Schedule of accounts payable to related parties - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Total [Member]
Related Party Transactions (Details) - Schedule of accounts payable to related parties [Line Items]
Total	$ 2,131	$ 3,764
Accounts Payable [Member] | Ever-Glory Vietnam []Member
Related Party Transactions (Details) - Schedule of accounts payable to related parties [Line Items]
Total	926	1,727
Accounts Payable [Member] | Fengyang Huarui [Member]
Related Party Transactions (Details) - Schedule of accounts payable to related parties [Line Items]
Total		150
Accounts Payable [Member] | Nanjing Ever-Kyowa [Member]
Related Party Transactions (Details) - Schedule of accounts payable to related parties [Line Items]
Total	4	384
Accounts Payable [Member] | Chuzhou Huarui [Member]
Related Party Transactions (Details) - Schedule of accounts payable to related parties [Line Items]
Total	249	1,234
Accounts Payable [Member] | Nanjing Knitting [Member]
Related Party Transactions (Details) - Schedule of accounts payable to related parties [Line Items]
Total	573	257
Accounts Payable [Member] | Jiangsu Ever-Glory [Member]
Related Party Transactions (Details) - Schedule of accounts payable to related parties [Line Items]
Total	$ 379	$ 12

Related Party Transactions (D_6

Related Party Transactions (Details) - Schedule of amounts due from related party - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Jiangsu Ever-Glory [Member]
Related Party Transactions (Details) - Schedule of amounts due from related party [Line Items]
Total	$ 29	$ 567
Esc’elav [Member]
Related Party Transactions (Details) - Schedule of amounts due from related party [Line Items]
Total	157
Total [Member]
Related Party Transactions (Details) - Schedule of amounts due from related party [Line Items]
Total	$ 186	$ 567

Commitments and Contingencies_2

Commitments and Contingencies (Details) ¥ in Thousands, $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended
	Apr. 30, 2021USD ($)	Apr. 30, 2021CNY (¥)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2021CNY (¥)	Jun. 30, 2020USD ($)
Commitments and Contingencies (Details) [Line Items]
Remaining lease term					30 years	30 years
Weighted average discount rate			4.35%		4.35%	4.35%
Revenues			$ 60,555	$ 50,086	$ 131,369		$ 108,441
General administrative expenses			$ 7,662	$ 5,971	15,513		$ 11,755
Cost of revenue					12,000
General administrative expenses					200
Cost of raw materials					12,200
Lawsuits against Client A [Member]
Commitments and Contingencies (Details) [Line Items]
Cost of raw materials					1,250	¥ 8,090
Unpaid goods					10,860	70,150
Interim measures amount					10,540	68,120
Delivered goods cost					9,510	¥ 62,060
Amount received for settled complaint	$ 11,050	¥ 71,400
Operating Lease Commitment [Member]
Commitments and Contingencies (Details) [Line Items]
Revenues					15,900
General administrative expenses					200
Cash paid for operating leases					$ 16,100

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Summary of maturity of operating lease liabilities $ in Thousands	Jun. 30, 2021USD ($)
Summary of maturity of operating lease liabilities [Abstract]
2021	$ 376
2022	753
2023	768
2024	433
2025	433
Thereafter	12,908
Total lease payment	15,671
Less: Interest	6,995
Total	$ 8,676

Risks and Uncertainties (Detail

Risks and Uncertainties (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Retail Business [Member]
Risks and Uncertainties (Details) [Line Items]
Concentration risk customer percentage			10.00%	10.00%
Raw Materials [Member] | Wholesale business [Member]
Risks and Uncertainties (Details) [Line Items]
Concentration risk customer percentage	10.00%	10.00%	10.00%	10.00%
Customer One [Member] | Revenue Benchmark [Member]
Risks and Uncertainties (Details) [Line Items]
Concentration risk customer percentage	19.00%	30.00%	11.00%	12.00%
Customer Two [Member] | Revenue Benchmark [Member]
Risks and Uncertainties (Details) [Line Items]
Concentration risk customer percentage				19.00%
Supplier One [Member] | Wholesale business [Member]
Risks and Uncertainties (Details) [Line Items]
Concentration risk customer percentage			31.10%	20.00%
Supplier One [Member] | Retail Business [Member]
Risks and Uncertainties (Details) [Line Items]
Concentration risk customer percentage			33.00%	41.00%
Supplier Two [Member] | Wholesale business [Member]
Risks and Uncertainties (Details) [Line Items]
Concentration risk customer percentage				11.00%
Supplier Two [Member] | Retail Business [Member]
Risks and Uncertainties (Details) [Line Items]
Concentration risk customer percentage			27.00%	24.00%
Supplier Three [Member] | Retail Business [Member]
Risks and Uncertainties (Details) [Line Items]
Concentration risk customer percentage			16.00%	19.00%
Supplier Four [Member] | Retail Business [Member]
Risks and Uncertainties (Details) [Line Items]
Concentration risk customer percentage			11.00%

Risks and Uncertainties (Deta_2

Risks and Uncertainties (Details) - Schedule of Company's revenues as per geographic areas - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Mainland China [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 4,356	$ 3,111	$ 11,846	$ 7,764
Hong Kong China [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,914	2,054	6,971	5,045
United Kingdom [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	2,485	471	3,538	1,309
Europe-Other [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	5,913	3,660	10,059	7,754
Japan [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	1,550	2,205	4,955	6,589
United States [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	9,209	10,548	12,277	15,876
Total wholesale business [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	26,427	22,049	49,646	44,337
Retail business [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	34,128	28,037	81,723	64,104
Total [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 60,555	$ 50,086	$ 131,369	$ 108,441

Segments (Details) - Schedule o

Segments (Details) - Schedule of financial and operating information - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Wholesale Segments [Member]
Segment profit or loss:
Net revenue from external customers	$ 26,427	$ 22,049	$ 49,646	$ 44,337
Income (Loss) from operations	(2,666)	1,675	(3,371)	1,001
Interest income	502	314	699	576
Interest expense	173	501	639	719
Depreciation and amortization	70	329	310	583
Income (Loss) before income tax expense	(53)	1,658	(440)	1,722
Income tax expense	479	281	804	468
Additions to property, plant and equipment			1,778	185
Inventory	26,931	15,633	26,931	15,633
Total assets	178,713	96,192	178,713	96,192
Retail Segments [Member]
Segment profit or loss:
Net revenue from external customers	34,128	28,037	81,723	64,104
Income (Loss) from operations	(1,107)	(5,827)	(1,366)	(8,378)
Interest income	25	25	53	40
Interest expense	27	65	53	188
Depreciation and amortization	1,800	1,681	2,902	3,014
Income (Loss) before income tax expense	(632)	(5,193)	(686)	(7,728)
Income tax expense	607	(16)	1,011	25
Additions to property, plant and equipment			2,674	833
Inventory	33,259	35,621	33,259	35,621
Total assets	141,624	156,096	141,624	156,096
Total [Member]
Segment profit or loss:
Net revenue from external customers	60,555	50,086	131,369	108,441
Income (Loss) from operations	(3,773)	(4,152)	(4,737)	(7,377)
Interest income	527	339	752	616
Interest expense	200	566	692	907
Depreciation and amortization	1,870	2,010	3,212	3,597
Income (Loss) before income tax expense	(685)	(3,535)	(1,126)	(6,005)
Income tax expense	1,086	265	1,815	493
Additions to property, plant and equipment			4,452	1,018
Inventory	60,190	51,254	60,190	51,254
Total assets	$ 320,337	$ 252,288	$ 320,337	$ 252,288

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	1 Months Ended
	Jul. 31, 2021USD ($)
Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Repurchase	$ 5