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Segment Information
 9 Months Ended
Sep. 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 nine months ended September 30, 2019 and 2020 were as follows:

 

Net revenues by product:

 

   Three months ended
September 30,		   Nine months ended
September 30,		 
   2019   2020   2019   2020 
High power lithium batteries used in:                
Electric vehicles  $2,885,305   $407,802   $4,425,875   $741,657 
Light electric vehicles   -    22,859    -    26,203 
Uninterruptable supplies   5,204,499    5,920,683    13,106,540    17,109,005 
    8,089,804    6,351,344    17,532,415    17,876,865 
Raw materials used in lithium batteries   -    4,269,312    -    4,269,312 
Total  $8,089,804   $10,620,656   $17,532,415   $22,146,177 

 

Net revenues by geographic area:

 

    Three months ended
September 30,		     Nine months ended
September 30,		  
    2019     2020     2019     2020  
Mainland China   $ 8,016,931     $ 10,007,044     $ 17,034,593     $ 21,243,763  
USA     (3,638 )     -       219,827       -  
Europe     -       506,606       -       770,406  
PRC Taiwan     (7 )     -       445       -  
Israel     (1,980 )     -       119,698       -  
Others     78,498       107,006       157,852       132,008  
Total   $ 8,089,804     $ 10,620,656     $ 17,532,415     $ 22,146,177  

 

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