XML 80 R64.htm IDEA: XBRL DOCUMENT
v3.22.1

CBAK Energy Technology, Inc. (Parent Company) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Schedule of balance sheets |
|  | Year ended December 31, 2020 |  |  | Year ended December 31, 2021 |
REVENUE, net |  | $ | - |  |  | $ |  |
OPERATING EXPENSES: |  |  |  |  |  |  |  |
Salaries and consulting expenses |  |  | 992,246 |  |  |  | 1,212,239 |
General and administrative |  |  | 531,449 |  |  |  | 1,499,049 |
Total operating expenses |  |  | (1,523,695 | ) |  |  | (2,711,288 | )
LOSS FROM OPERATIONS |  |  | (1,523,695 | ) |  |  | (2,711,288 | )
Finance (expenses) income |  |  | (429,741 | ) |  |  | 636,425 |
Changes in fair value of warrants liability |  |  | 2,072,000 |  |  |  | 61,802,000 |
INCOME ATTRIBUTABLE TO PARENT COMPANY |  |  | 118,564 |  |  |  | 59,727,137 |
EQUITY IN (LOSS) INCOME OF SUBSIDIARIES |  |  | (7,925,462 | ) |  |  | 1,758,915 |
NET (LOSS) INCOME ATTRIBUTABLE TO SHAREHOLDERS |  | $ | (7,806,898 | ) |  | $ | 61,486,052 |
Schedule of balance sheets |
|  | December 31, 2020 |  |  | December 31, 2021 |
ASSETS |  |  |  |  |  |
Interests in subsidiaries |  | $ | 66,797,421 |  |  | $ | 140,031,308 |
Cash and cash equivalents |  |  | 5,107,486 |  |  |  | 716,480 |
Total assets |  | $ | 71,904,907 |  |  | $ | 140,747,788 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |
Accrued expenses and other payables |  |  | 1,722,814 |  |  |  | 1,610,229 |
Warrants liability |  |  | 17,783,000 |  |  |  | 5,846,000 |
Total current liabilities |  |  | 19,505,814 |  |  | $ | 7,456,229 |
SHAREHOLDERS’ EQUITY |  |  | 52,399,093 |  |  |  | 133,291,559 |
Total liabilities and shareholders’ equity |  | $ | 71,904,907 |  |  | $ | 140,747,788 |
Schedule of statements of cash flows |
|  | Year ended December 31, 2020 |  |  | Year ended December 31, 2021 |
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |  |
Net (loss) income |  | $ | (7,806,898 | ) |  | $ | 61,486,052 |
Adjustments to reconcile net loss to net cash used in operating activities: |  |  |  |  |  |  |  |
Equity in (loss) income of subsidiaries |  |  | 7,925,462 |  |  |  | (1,758,915 | )
Share based compensation |  |  | 803,931 |  |  |  | 1,047,777 |
Changes in fair value of warrants liability |  |  | (2,072,000 | ) |  |  | (61,802,000 | )
Change in operating assets and liabilities |  |  |  |  |  |  |  |
Accrued expenses and other payable |  |  | (8,437 | ) |  |  | (112,585 | )
Net cash used in operating activities |  |  | (1,157,942 | ) |  |  | (1,139,671 | )
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |  |  |  |
Decrease in interest in subsidiaries |  |  | (39,083,154 | ) |  |  | (68,746,346 | )
Net cash used in investing activities |  |  | (39,083,154 | ) |  |  | (68,746,346 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |  |  |  |
Proceeds from issuance of shares |  |  | 45,348,582 |  |  |  | 65,495,011 |
Net cash provided by financing activities |  |  | 45,348,582 |  |  |  | 65,495,011 |
CHANGE IN CASH AND CASH EQUIVALENTS |  |  | 5,107,486 |  |  |  | (4,391,006 | )
CASH AND CASH EQUIVALENTS, beginning of year |  |  | - |  |  |  | 5,107,486 |
CASH AND CASH EQUIVALENTS, end of year |  | $ | 5,107,486 |  |  | $ | 716,480 |

X
- References No definition available. + Details
Name: | cbat_ScheduleOfStatementsOfCashFlowsTableTextBlock
Namespace Prefix: | cbat_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | cbat_ScheduleOfStatementsOfOperationsTableTextBlock
Namespace Prefix: | cbat_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | pf0_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | pf0_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration