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Segment Information
 12 Months Ended
Dec. 31, 2020
Segment Information [Abstract]  
Segment Information
25. 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, 2019 and 2020 were as follows:

 

Net revenues by product:

 

    Year ended     Year ended  
    December 31,
2019		     December 31,
2020		  
High power lithium batteries used in:            
Electric vehicles   $ 4,509,055     $ 259,955  
Light electric vehicles     16,147       39,428  
Uninterruptable supplies     17,669,146       22,748,627  
      22,194,348       23,048,010  
Raw materials used in lithium batteries     -       14,518,142  
Total   $ 22,194,348     $ 37,566,152  

 

Net revenues by geographic area:

  

    Year ended     Year ended  
    December 31,
2019		     December 31,
2020		  
Mainland China   $ 21,632,637       35,464,245  
Europe     -       1,776,000  
Korea     -       246,453  
Israel     118,906       -  
USA     285,556       3,592  
Others     157,249       75,862  
Total   $ 22,194,348     $ 37,566,152  

 

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