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Payables to Former Subsidiaries, net | 9 Months Ended
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Sep. 30, 2021
Receivables From Former Subsidiaries [Abstract] |
Payables to Former Subsidiaries, net |
7. | Payables to Former Subsidiaries, net
Payable to former subsidiaries, net as of December 31, 2020 and September 30, 2021 consisted of the following:
|  | December 31, |  |  | September 30, |
|  | 2020 |  |  | 2021 |
BAK Tianjin |  | $ | 29,852 |  |  | $ | 7,970 |
BAK Shenzhen |  |  | 597,138 |  |  |  | 353,904 |
|  | $ | 626,990 |  |  | $ | 361,874 |
Balance as of December 31, 2020 and September 30, 2021 consisted of payables for purchase of inventories from BAK Tianjin and BAK Shenzhen. From time to time, to meet the needs of its customers, the Company purchased products from these former subsidiaries that it 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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