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Segment Information
 6 Months Ended
Jun. 30, 2020
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 and its subsidiaries (see Note 1), the Company focused on producing high-power lithium battery cells. Net revenues for the three and six months ended June 30, 2019 and 2020 were as follows:

 

Net revenues by product:

 

   Three months ended
June 30,		   Six months ended
June 30,		 
   2019   2020   2019   2020 
High power lithium batteries used in:                    
Electric vehicles  $326,484   $118,737   $1,540,570   $333,855 
Light electric vehicles   -    2,593    -    3,344 
Uninterruptable supplies   3,944,452    4,502,917    7,902,041    11,188,322 
Total  $4,270,936   $4,624,247   $9,442,611   $11,525,521 

 

Net revenues by geographic area:

 

   Three months ended
June 30,		   Six months ended
June 30,		 
   2019   2020   2019   2020 
Mainland China  $4,270,936    4,359,930   $9,017,662    11,236,719 
Europe   -    263,800    -    263,800 
PRC Taiwan   -    -    452    - 
Israel   -    -    121,678    - 
USA   -    -    223,465    - 
Others   -    517    79,354    25,002 
Total  $4,270,936   $4,624,247   $9,442,611   $11,525,521 

 

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