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v3.10.0.1

Condensed consolidated statements of operations and comprehensive income (loss) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
Net revenues | $ 6,050,302 | $ 6,339,259 | $ 9,363,099 | $ 10,055,403
Cost of revenues | (7,099,375) | (7,830,396) | (10,759,318) | (11,963,717)
Gross profit (loss) | (1,049,073) | (1,491,137) | (1,396,219) | (1,908,314)
Operating expenses: |  |  |  |
Research and development expenses | (547,443) | (533,171) | (1,364,533) | (963,515)
Sales and marketing expenses | (408,942) | (449,757) | (613,528) | (684,637)
General and administrative expenses | (1,284,319) | (1,158,255) | (2,328,960) | (2,142,731)
Total operating expenses | (2,240,704) | (2,141,183) | (4,307,021) | (3,790,883)
Operating loss | (3,289,777) | (3,632,320) | (5,703,240) | (5,699,197)
Finance expenses, net | (136,076) | (93,035) | (306,165) | (95,763)
Other expenses, net | (19,835) | (28,025) | (4,116) | (26,636)
Loss before income tax | (3,445,688) | (3,753,380) | (6,013,521) | (5,821,596)
Income tax expense | 0 | 0 | 0 | 0
Net loss | (3,445,688) | (3,753,380) | (6,013,521) | (5,821,596)
Less: Net loss attributable to non-controlling interest | 3,493 | 0 | 3,493 | 0
Net loss attributable to CBAK Energy Technology, Inc. | (3,442,195) | (3,753,380) | (6,010,028) | (5,821,596)
Net loss | (3,445,688) | (3,753,380) | (6,013,521) | (5,821,596)
Other comprehensive income |  |  |  |
- Foreign currency translation adjustment | 4,069 | 357,690 | 139,777 | 338,044
Comprehensive loss | (3,441,619) | (3,395,690) | (5,873,744) | (5,483,552)
Less: Comprehensive loss attributable to non-controlling interest | 3,626 | 0 | 3,626 | 0
Comprehensive loss attributable to CBAK Energy Technology, Inc. | $ (3,437,993) | $ (3,395,690) | $ (5,870,118) | $ (5,483,552)
Loss per share |  |  |  |
- Basic and diluted | $ (0.13) | $ (0.18) | $ (0.23) | $ (0.29)
Weighted average number of shares of common stock: |  |  |  |
- Basic and diluted | 26,557,617 | 20,402,083 | 26,530,419 | 20,059,236

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