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Payables to Former Subsidiaries, net

6 Months Ended

Jun. 30, 2021

Receivables From Former Subsidiaries [Abstract]

Payables to Former Subsidiaries, net

7. Payables to Former Subsidiaries, net

Payable to former subsidiaries as of December 31, 2020 and June 30, 2021 consisted of the following:

		December 31,				June 30,
		2020				2021
BAK Tianjin		$	29,852			$	18,794
BAK Shenzhen			597,138				343,755
		$	626,990			$	362,549

Balance as of December 31, 2020 and June 30, 2021 consisted of payables for purchase of inventories from BAK Tianjin and BAK Shenzhen. 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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