XML 16 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net revenues $ 4,624,247 $ 4,270,936 $ 11,525,521 $ 9,442,611
Cost of revenues (4,536,637) (4,490,512) (11,231,908) (9,891,195)
Gross (loss) profit 87,610 (219,576) 293,613 (448,584)
Operating expenses:        
Research and development expenses (385,224) (513,417) (684,154) (946,933)
Sales and marketing expenses (100,707) (262,407) (194,478) (626,421)
General and administrative expenses (756,946) (817,809) (1,872,564) (2,258,504)
(Provision for) recovery of doubtful accounts 245,484 (252,776) (427,702) (323,938)
Total operating expenses (997,393) (1,846,409) (3,178,898) (4,155,796)
Operating loss (909,783) (2,065,985) (2,885,285) (4,604,380)
Finance expenses, net (385,208) (361,982) (813,291) (648,982)
Other income, net 96,824 93,793 146,298 111,855
Loss before income tax (1,198,167) (2,334,174) (3,552,278) (5,141,507)
Income tax expense
Net loss (1,198,167) (2,334,174) (3,552,278) (5,141,507)
Less: Net loss (profit) attributable to non-controlling interest 952 16,790 (4,918) 36,731
Net loss attributable to CBAK Energy Technology, Inc. (1,197,215) (2,317,384) (3,557,196) (5,104,776)
Net loss (1,198,167) (2,334,174) (3,552,278) (5,141,507)
Other comprehensive income        
– Foreign currency translation adjustment 29,876 (224,864) (272,169) (63,539)
Comprehensive loss (1,168,291) (2,559,038) (3,824,447) (5,205,046)
Less: Comprehensive loss (income) attributable to non-controlling interest 945 16,834 (4,095) 39,136
Comprehensive loss attributable to CBAK Energy Technology, Inc. $ (1,167,346) $ (2,542,204) $ (3,828,542) $ (5,165,910)
Loss per share        
– Basic and diluted $ (0.02) $ (0.07) $ (0.06) $ (0.16)
Weighted average number of shares of common stock:        
– Basic and diluted 60,430,255 35,379,994 56,877,900 32,095,479