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Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Information [Abstract]

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

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

For the year ended December 31, 2022		CBAT				Hitrans				Corporate unallocated (note)				Consolidated
Net revenues		$	94,715,189			$	154,010,296			$	-			$	248,725,485
Cost of revenues			(86,333,047	)			(144,297,114	)			-				(230,630,161	)
Gross profit			8,382,142				9,713,182								18,095,324
Total operating expenses			(13,489,453	)			(14,993,719	)			(1,116,755	)			(29,599,927	)
Operating loss			(5,107,311	)			(5,280,537	)			(1,116,755	)			(11,504,603	)
Finance income (expenses), net			929,756				(438,387	)			(309	)			491,060
Other (expenses) income, net			(3,590,693	)			(3,661,782	)			5,710,000				(1,542,475	)
Income tax credit			-				1,228,207				-				1,228,207
Net (loss) income			(7,768,248	)			(8,152,499	)			4,592,936				(11,327,811	)
As of December 31, 2022
Identifiable long-lived assets			93.661,521				21,231,988				-				114,893,509
Total assets			170,755,502				73,122,074				155,158				244,032,734

Schedule of net revenues by product

		Year ended December 31, 2021				Year ended December 31, 2022
High power lithium batteries used in:
Electric vehicles		$	243,837			$	4,694,694
Light electric vehicles			733,382				6,415,277
Uninterruptable supplies			33,307,073				83,603,046
Trading of raw materials used in lithium batteries			519,796				2,172
			34,804,088				94,715,189
Materials used in manufacturing of lithium batteries
Cathode			8,726,240				75,331,144
Precursor			9,139,405				78,679,152
			17,865,645				154,010,296
Total consolidated revenue		$	52,669,733			$	248,725,485

Schedule of sales by geographical markets based on locations of customers

		Year ended December 31, 2021				Year ended December 31, 2022
Mainland China		$	43,745,765				198,114,578
Europe			8,503,338				50,378,076
USA			440				36,525
Others			420,190				196,306
Total		$	52,669,733			$	248,725,485

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Tabular disclosure of condensed income statement, including, but not limited to, income statements 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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
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