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CBAK Energy Technology, Inc. (Parent Company) (Tables)
12 Months Ended
Dec. 31, 2017
Schedule of Condensed Income Statement [Table Text Block]

 

  Year ended     Three months     Year   ended  

 

  September 30,     December 31,      December 31,  

 

  2016     2016     2017  

REVENUE, net

$   -   $ -   $   -  

 

                 

OPERATING EXPENSES:

                 

   Salaries and consulting expenses

  (1,565,530 )   (410,239 )   (966,592 )

   General and administrative

  (439,009 )   (87,185 )   (302,861 )

 

                 

       Total operating expenses

  (2,004,539 )   (497,424 )   (1,269,453 )

 

                 

LOSS FROM OPERATIONS

  (2,004,539 )   (497,424 )   (1,269,453 )

 

                 

OTHER INCOME:

  182,708     -     -  

 

                 

LOSS ATTRIBUTABLE TO PARENT COMPANY

  (1,821,831 )   (497,424 )   (1,269,453 )

 

                 

EQUITY IN LOSS OF SUBSIDIARIES

  (10,830,363 )   (1,696,973 )   (20,197,888 )

 

                 

NETLOSS ATTRIBUTABLE TO SHAREHOLDERS

$ (12,652,194 ) $ (2,194,397 ) $ (21,467,341 )
Schedule of Condensed Balance Sheet [Table Text Block]

 

  September 30,     December 31,     December 31,  

 

  2016     2016     2017  

                                                      ASSETS

                 

 

                 

CURRENT ASSETS:

                 

   Other receivables

$   -   $   -   $   -  

         Total current assets

  -     -     -  

 

                 

   Interests in subsidiaries

  16,684,482     14,253,463     3,744,185  

             Total assets

  16,684,482   $ 14,253,463   $ 3,744,185  

 

                 

LIABILITIES AND SHAREHOLDERS' EQUITY

                 

 

                 

CURRENT LIABILITIES:

                 

   Accrued expenses and other payables

$ 1,594,486   $ 1,575,894   $ 1,548,209  

       Total current liabilities

  1,594,486     1,575,894     1,548,209  

 

                 

SHAREHOLDERS' EQUITY

  15,089,996     12,677,569     2,195,976  

                 Total liabilities and shareholders' equity

$ 16,684,482   $ 14,253,463   $ 3,744,185  
Schedule Of Condensed Cash Flow Statement [Table Text Block]

 

  Year ended     Three months     Year ended  

 

  September 30,     ended December     December  

 

  2016     31, 2016     31,2017  

CASH FLOWS FROM OPERATING ACTIVITIES:

                 

   Net loss

$ ( 12,652,194 ) $ (2,194,397 )   (21,467,341 )

   Adjustments to reconcile net loss to net cash used in operating

                 

     activities:

                 

       Equity in loss of subsidiaries

  10,830,363     1,696,973     20,197,888  

       Share based compensation

  1,462,197     345,079     759,292  

       Change in operating assets and liabilities

                 

             Accrued expenses and other payable

  (15,697 )   (18,592 )   (27,685 )

                   Net cash used in operating activities

  (375,331 )   (170,937 )   (537,846 )

 

                 

CASH FLOWS FROM INVESTING ACTIVITIES:

                 

     Increase in interest in subsidiaries

  (5,141,269 )   170,937     (9,067,432 )

                 Net cash provided by (used in) investing activities

  (5,141,269 )   170,937     (9,067,432 )

 

                 

CASH FLOWS FROM FINANCING ACTIVITIES:

                 

   Proceeds from issuance of common stock

  5,516,600     -     9,605,278  

                 Net cash provided by financing activities

  5,516,600     -     9,605,278  

 

                 

CHANGE IN CASH

  -     -     -  

 

                 

CASH, beginning of year

  -     -     -  

 

                 

CASH, end of year

$   -   $ -     -