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Condensed consolidated statements of operations and comprehensive income (loss) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net revenues $ 5,589,371 $ 17,750,710 $ 14,952,470 $ 27,806,113
Cost of revenues (7,426,846) (19,111,425) (18,186,164) (31,075,142)
Gross loss (1,837,475) (1,360,715) (3,233,694) (3,269,029)
Operating expenses:        
Research and development expenses (604,353) (372,041) (1,968,886) (1,335,556)
Sales and marketing expenses (370,979) (1,135,992) (984,507) (1,820,629)
General and administrative expenses (1,302,608) (1,328,653) (3,631,568) (3,471,384)
Total operating expenses (2,277,940) (2,836,686) (6,584,961) (6,627,569)
Operating loss (4,115,415) (4,197,401) (9,818,655) (9,896,598)
Finance income (expenses), net (299,591) 8,943 (605,756) (86,820)
Other (expenses) income, net 12,335,569 (14,295) 12,331,453 (40,931)
(Loss) Income before income tax 7,920,563 (4,202,753) 1,907,042 (10,024,349)
Income tax expense 0 0 0 0
Net (loss) income 7,920,563 (4,202,753) 1,907,042 (10,024,349)
Less: Net loss attributable to non-controlling interests 7,964 0 11,457 0
Net (loss) income attributable to shareholders of CBAK Energy Technology, Inc. 7,928,527 (4,202,753) 1,918,499 (10,024,349)
Net (loss) income 7,920,563 (4,202,753) 1,907,042 (10,024,349)
Other comprehensive income (loss)        
- Foreign currency translation adjustment (481,782) 291,029 (342,005) 629,073
Comprehensive (loss) income 7,438,781 (3,911,724) 1,565,037 (9,395,276)
Less: Comprehensive loss attributable to non-controlling interest 8,391 0 12,017 0
Comprehensive (loss) income attributable to CBAK Energy Technology, Inc. $ 7,447,172 $ (3,911,724) $ 1,577,054 $ (9,395,276)
(Loss) Income per share        
- Basic $ 0.30 $ (0.16) $ 0.07 $ (0.45)
- Diluted $ 0.30 $ (0.16) $ 0.07 $ (0.45)
Weighted average number of shares of common stock:        
- Basic 26,660,814 26,334,918 26,642,749 22,174,315
- Diluted 26,708,446 26,334,918 26,723,880 22,174,315