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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