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Payables to Former Subsidiaries

3 Months Ended

Mar. 31, 2021

Receivables From Former Subsidiaries [Abstract]

Payables to Former Subsidiaries

6. Payables to Former Subsidiaries

Payables to former subsidiaries as of December 31, 2020 and March 31, 2021 consisted of the following:

		December 31,				March 31,
		2020				2021
BAK Tianjin		$	29,852			$	21,365
BAK Shenzhen			597,138				361,273
			626,990				382,638

Balance as of December 31, 2020 and March 31, 2021 consisted of payables for purchase of inventories from BAK Tianjin, BAK Shenzhen and Shenzhen BAK. From time to time, the Company purchased products from these former subsidiaries that they did not produce to meet the needs of its customers.

The above balance is unsecured and non-interest bearing and repayable on demand. 

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The entire disclosure for payables to former subsidiaries, net.

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