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Segment Information

12 Months Ended

Dec. 31, 2018

Segment Information [Abstract]

Segment Information

23. 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, the Company focused on producing high-power lithium battery cells. Net revenues from continuing operations for the years ended December 31, 2017 and 2018 were as follows:

Net revenues by product:

		Year ended				Year ended
		December 31, 2017				December 31, 2018
High power lithium batteries used in:
Electric vehicles		$	55,007,370			$	8,169,195
Light electric vehicles			495,769				64,140
Uninterruptable supplies			2,872,260				16,199,969
Total		$	58,375,399			$	24,433,304

Net revenues by geographic area:

		Year ended				Year ended
		December 31, 2017				December 31, 2018
Mainland China		$	57,425,420				21,292,111
Europe			294,322				99,996
PRC Taiwan			221,777				103,256
Israel			363,845				990,953
USA			-				1,833,837
Others			70,035				113,151
Total		$	58,375,399			$	24,433,304

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

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- References

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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