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Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of operating decision maker evaluates performance based on each reporting segment

For the year ended December 31, 2020		CBAT				Corporate unallocated (note)				Consolidated
Net revenues		$	37,566,152			$	-			$	37,566,152
Cost of revenues			(34,852,132	)			-				(34,852,132	)
Gross profit			2,714,020				-				2,714,020
Total operating expenses			(9,669,828	)			(1,523,695	)			(11,193,523	)
Operating loss			(6,955,808	)			(1,523,695	)			(8,479,503	)
Finance (expenses) income, net			(969,354	)			(429,741	)			(1,399,095	)
Other (expenses) income, net			(40,170	)			2,072,000				2,031,830
Income tax (expense) credit			-				-				-
Net income (loss)			(7,965,332	)			118,564				(7,846,768	)

As of December 31, 2020
Identifiable long-lived assets			78,734,459				-				78,734,459
Total assets			142,767,079				-				142,767,079

For the year ended December 31, 2021		CBAT				Hitrans				Corporate unallocated (note)				Consolidated
Net revenues		$	34,804,089			$	17,865,644			$	-			$	52,669,733
Cost of revenues			(30,946,417	)			(16,612,826	)			-				(47,559,243	)
Gross profit			3,857,672				1,252,818				-				5,110,490
Total operating expenses			(13,132,161	)			(979,547	)			(2,711,288	)			(16,822,996	)
Operating (loss) income			(9,274,489	)			273,271				(2,711,288	)			(11,712,506	)
Finance income (expenses), net			286,741				(137,178	)			635,317				784,880
Other income, net			2,641,329				310,395				61,802,000				64,753,724
Income tax credit			7,713,191				19,855				-				7,733,046
Net income			1,366,772				466,343				59,726,029				61,559,144

As of December 31, 2021
Identifiable long-lived assets			101,506,039				31,638,795				-				133,144,834
Total assets			164,535,145				97,366,372				716,480				262,617,997

Schedule of net revenues from manufacture of batteries by products

		Year ended December 31, 2020				Year ended December 31, 2021
High power lithium batteries used in:
Electric vehicles		$	259,955			$	243,837
Light electric vehicles			39,428				733,382
Uninterruptable supplies			22,748,627				33,307,073
Trading of raw materials used in lithium batteries			14,518,142				519,796
			37,566,152				34,804,088

Materials used in manufacturing of lithium batteries
Cathode			-				8,726,240
Precursor			-				9,139,405
			-				17,865,645
Total consolidated revenue		$	37,566,152			$	52,669,733

Schedule of net revenues from manufacture of batteries by geographical areas

		Year ended December 31, 2020				Year ended December 31, 2021
Mainland China		$	35,464,245				43,745,765
Europe			1,776,000				8,503,338
Korea			246,453				-
USA			3,592				440
Others			75,862				420,190
Total		$	37,566,152			$	52,669,733