XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed consolidated statements of operations and comprehensive income (loss) (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net revenues $ 5,889,154 $ 4,624,247 $ 15,305,203 $ 11,525,521
Cost of revenues (4,791,503) (4,536,637) (12,368,123) (11,231,908)
Gross profit 1,097,651 87,610 2,937,080 293,613
Operating expenses:        
Research and development expenses (1,045,312) (385,224) (1,529,061) (684,154)
Sales and marketing expenses (539,471) (100,707) (752,613) (194,478)
General and administrative expenses (2,340,896) (756,946) (3,665,377) (1,872,564)
Recovery (provision for) of doubtful accounts 104,517 245,484 258,578 (427,702)
Total operating expenses (3,821,162) (997,393) (5,688,473) (3,178,898)
Operating loss (2,723,511) (909,783) (2,751,393) (2,885,285)
Finance (expenses) income, net 52,700 (385,208) 45,102 (813,291)
Other income, net 331,576 96,824 1,549,224 146,298
Impairment of non-marketable equity securities (690,542) (690,542)
Change in fair value of warrants 5,750,000 34,176,000
(Loss) income before income tax 2,720,223 (1,198,167) 32,328,391 (3,552,278)
Income tax expenses
Net (loss) income 2,720,223 (1,198,167) 32,328,391 (3,552,278)
Less: Net loss (income) attributable to non-controlling interest (19,622) 952 (18,508) (4,918)
Net (loss) income attributable to CBAK Energy Technology, Inc. 2,700,601 (1,197,215) 32,309,883 (3,557,196)
Net (loss) income 2,720,223 (1,198,167) 32,328,391 (3,552,278)
Other comprehensive income (loss)        
– Foreign currency translation adjustment 1,141,596 29,876 1,230,734 (272,169)
Comprehensive (loss) income 3,861,819 (1,168,291) 33,559,125 (3,824,447)
Less: Comprehensive loss (income) attributable to non-controlling interest (18,637) 945 (12,620) (4,095)
Comprehensive (loss) income attributable to CBAK Energy Technology, Inc. $ 3,843,182 $ (1,167,346) $ 33,546,505 $ (3,828,542)
(Loss) Income per share        
– Basic (in Dollars per share) $ 0.02 $ (0.02) $ 0.37 $ (0.06)
– Diluted (in Dollars per share) $ 0.02 $ (0.02) $ 0.37 $ (0.06)
Weighted average number of shares of common stock:        
– Basic (in Shares) 88,411,583 60,430,255 86,347,656 56,877,900
– Diluted (in Shares) 88,993,839 60,430,255 86,938,886 56,877,900