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Payables to Former Subsidiaries

6 Months Ended

Jun. 30, 2018

Payables to Former Subsidiaries [Text Block]

6.	Payables to Former Subsidiaries

Payable to former subsidiaries as of December 31, 2017 and June 30, 2018 consisted of the following:

		December 31,		June 30,
		2017		2018
BAK Tianjin	$	282,682	$	241,691
BAK Shenzhen		22,020,039		15,479,515
	$	22,302,721	$	15,721,206

Balance as of December 31, 2017 and June 30, 2018 consisted of payables for purchase of inventories from BAK Tianjin and Shenzhen BAK. From time to time, the Company purchased products from these former subsidiaries that they did not produce to meet the needs of its customers.