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Segment Information
12 Months Ended
Dec. 31, 2019
Segment Information [Abstract]  
Segment Information
24.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, 2018 and 2019 were as follows:

 

Net revenues by product:

 

   Year ended     Year ended 
   December 31, 2018   December 31, 2019 
High power lithium batteries used in:        
Electric vehicles  $8,169,195   $4,509,055 
Light electric vehicles   64,140    16,147 
Uninterruptable supplies   16,199,969    17,669,146 
Total  $24,433,304   $22,194,348 

 

Net revenues by geographic area:

 

   Year ended   Year ended 
   December 31, 2018   December 31, 2019 
Mainland China  $21,292,111    21,632,637 
Europe   99,996    - 
PRC Taiwan   103,256    442 
Israel   990,953    118,906 
USA   1,833,837    285,556 
Others   113,151    156,807 
Total  $24,433,304   $22,194,348 

 

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