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Other Short-term Loans
 6 Months Ended
Jun. 30, 2017
Other Short-term Loans [Text Block]
12.

Other Short-term Loans

Other short-term loans as of December 31, 2016 and June 30, 2017 consisted of the following:

          December 31,     June 30,  
    Note     2016     2017  
  Advance from related parties                
  -     Tianjin BAK New Energy Research Institute Co., Ltd (“Tianjin New  Energy”) (a)   $ 9,252,127   $ 10,313,726  
  -      Mr. Xiangqian Li, the Company’s Former CEO (b)     100,000     100,000  
  -      Shareholders (note 1) (c)     -     2,064,714  
          9,352,127     12,478,440  
  Advances from unrelated third parties                
  –      Mr. Guozhu Liang (d)   $ 14,399     -  
  –      Mr. Wenwu Yu (d)     145,410     148,929  
  –      Mr. Mingzhe Li (d)     796,850     -  
  –      Ms. Longqian Peng (d)     215,992     663,658  
          1,172,651     812,587  
                   
        $ 10,524,778   $ 13,291,027  

  (a)

The Company received advances from Tianjin New Energy, a related company under the control of Mr. Xiangqian Li, the Company’s former CEO, which was unsecured, non-interest bearing and repayable on demand. On November 1, 2016, Mr. Xiangqian Li ceased to be a shareholder but remained as a general manager of Tianjin New Energy. As of December 31, 2016 and June 30, 2017, the payable to Tianjin New Energy of $20,384 and $0, respectively, was included in trade accounts and bills payable.

     
  (b)

Advances from Mr. Xiangqian Li, the Company’s former CEO, was unsecured, non-interest bearing and repayable on demand.
     
  (c)

The refundable deposits paid by certain shareholders in relation to share purchase (note 1) were unsecured, non-interest bearing and repayable on demand.
     
  (d)

Advances from unrelated third parties were unsecured, non-interest bearing and repayable on demand.