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Segment Information

9 Months Ended

Sep. 30, 2018

Segment Information [Text Block]

22. Segment Information

The Company used to engage in one business segment, the manufacture, commercialization and distribution of a wide variety of standard and customized lithium ion rechargeable batteries for use in a wide array of applications. The Company manufactured five types of Li-ion rechargeable batteries: aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell and high-power lithium battery cell. The Company’s products are sold to packing plants operated by third parties primarily for use in mobile phones and other electronic devices.

After the disposal of BAK International and its subsidiaries (see Note 1), the Company focused on producing high-power lithium battery cells. Net revenues for the three and nine months ended September 30, 2017 and 2018 were as follows:

Net revenues by product:

		Three months ended September 30,						Nine months ended September 30,
		2017			2018			2017			2018
High power lithium batteries used in:
Electric vehicles	$	16,934,181		$	2,280,763		$	25,998,924		$	4,099,646
Light electric vehicles		281,978			44,195			485,001			64,315
Uninterruptable supplies		534,551			3,264,413			1,322,188			10,788,509
Total	$	17,750,710		$	5,589,371		$	27,806,113		$	14,952,470

Net revenues by geographic area:

		Three months ended September 30,						Nine months ended September 30,
		2017			2018			2017			2018
Mainland China	$	17,529,058		$	3,799,136		$	26,976,060		$	12,299,525
USA		-			1,765,193			-			1,858,225
Europe		123,601			(2,765	)		294,322			101,466
PRC Taiwan		2,201			(2,512	)		221,574			96,513
Israel		26,763			30,988			244,122			537,757
Others		69,087			(669	)		70,035			58,984
Total	$	17,750,710		$	5,589,371		$	27,806,113		$	14,952,470

Substantially all of the Company’s long-lived assets are located in the PRC.

X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

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