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Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Segment Reporting [Abstract] |
Schedule of operating decision maker evaluates performance based on each reporting segment |
For the three months ended March 31, 2021 |  | CBAT |  |  | Corporate unallocated (note) |  |  | Consolidated |
Net revenues |  | $ | 9,416,049 |  |  | $ | - |  |  | $ | 9,416,049 |
Cost of revenues |  |  | (7,576,620 | ) |  |  | - |  |  |  | (7,576,620 | )
Gross profit |  |  | 1,839,429 |  |  |  | - |  |  |  | 1,839,429 |
Total operating expenses |  |  | (1,319,248 | ) |  |  | (548,063 | ) |  |  | (1,867,311 | )
Operating income (loss) |  |  | 520,181 |  |  |  | (548,063 | ) |  |  | (27,882 | )
Finance (expenses) income, net |  |  | (13,443 | ) |  |  | 5,845 |  |  |  | (7,598 | )
Other income, net |  |  | 1,217,648 |  |  |  | 28,426,000 |  |  |  | 29,643,648 |
Income tax (expense) credit |  |  | - |  |  |  | - |  |  |  | - |
Net income |  |  | 1,724,386 |  |  |  | 27,883,782 |  |  |  | 29,608,168 |
For the three months ended March 31, 2022 |  | CBAT |  |  | Hitrans |  |  | Corporate unallocated (note) |  |  | Consolidated |
Net revenues |  | $ | 15,020,686 |  |  | $ | 65,175,612 |  |  | $ | - |  |  | $ | 80,196,298 |
Cost of revenues |  |  | (14,037,762 | ) |  |  | (60,842,182 | ) |  |  | - |  |  |  | (74,879,944 | )
Gross profit |  |  | 982,924 |  |  |  | 4,333,430 |  |  |  | - |  |  |  | 5,316,354 |
Total operating expenses |  |  | (3,108,736 | ) |  |  | (3,137,747 | ) |  |  | (405,132 | ) |  |  | (6,651,615 | )
Operating (loss) income |  |  | (2,125,812 | ) |  |  | 1,195,683 |  |  |  | (405,132 | ) |  |  | (1,335,261 | )
Finance income (expenses), net |  |  | 107,870 |  |  |  | (102,708 | ) |  |  | (148 | ) |  |  | 5,014 |
Other income, net |  |  | 503,156 |  |  |  | (217,952 | ) |  |  | 1,632,000 |  |  |  | 1,917,204 |
Income tax credit |  |  | - |  |  |  | 93,546 |  |  |  | - |  |  |  | 93,546 |
Net income |  |  | (1,514,786 | ) |  |  | 968,569 |  |  |  | 1,226,720 |  |  |  | 680,503 |
As of March 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Identifiable long-lived assets |  |  | 101,091,666 |  |  |  | 31,423,660 |  |  |  | - |  |  |  | 132,515,326 |
Total assets |  |  | 178,351,609 |  |  |  | 99,826,945 |  |  |  | 616,667 |  |  |  | 278,795,221 |
Schedule of net revenues from manufacture of batteries by products |
|  | Three months ended March 31, |
|  | 2021 |  |  | 2022 |
High power lithium batteries used in: |  |  |  |  |  |
Electric vehicles |  | $ | 100,976 |  |  | $ | 309 |
Light electric vehicles |  |  | 34,104 |  |  |  | 88,764 |
Uninterruptable supplies |  |  | 8,763,583 |  |  |  | 14,931,613 |
Trading of raw materials used in lithium batteries |  |  | 517,386 |  |  |  | - |
|  |  | 9,416,049 |  |  |  | 15,020,686 |
Materials used in manufacturing of lithium batteries |  |  |  |  |  |  |  |
Cathode |  |  | - |  |  |  | 28,362,877 |
Precursor |  |  | - |  |  |  | 36,812,735 |
|  |  | - |  |  |  | 65,175,612 |
Total consolidated revenue |  | $ | 9,416,049 |  |  | $ | 80,196,298 |
Schedule of net revenues from manufacture of batteries by geographical areas |
|  | Three months ended March 31, |
|  | 2021 |  |  | 2022 |
Mainland China |  | $ | 7,625,793 |  |  |  | 71,996,013 |
Europe |  |  | 1,789,045 |  |  |  | 8,134,906 |
Others |  |  | 1,211 |  |  |  | 65,379 |
Total |  | $ | 9,416,049 |  |  | $ | 80,196,298 |

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