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CBAK Energy Technology, Inc. (Parent Company) (Tables)

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Disclosure [Abstract]

Schedule of statements of operations

		Year ended December 31, 2021				Year ended December 31, 2022
REVENUE, net		$	-			$

OPERATING EXPENSES:
Salaries and consulting expenses			1,212,239				227,588
General and administrative			1,499,049				889,167

Total operating expenses			(2,711,288	)			(1,116,755	)

LOSS FROM OPERATIONS			(2,711,288	)			(1,116,757	)

Finance (expenses) income			636,425				-
Changes in fair value of warrants liability			61,802,000				5,710,000

INCOME ATTRIBUTABLE TO PARENT COMPANY			59,727,137				4,593,243

EQUITY IN INCOME (LOSS) OF SUBSIDIARIES			1,758,915				(14,041,689	)

NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS		$	61,486,052			$	(9,448,446	)

Schedule of balance sheets

		December 31, 2021				December 31, 2022
ASSETS

Interests in subsidiaries		$	140,031,308			$	119,120,917
Cash and cash equivalents			716,480				118,559
Total assets		$	140,747,788			$	119,239,476

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:
Accrued expenses and other payables			1,610,229				1,608,102
Warrants liability			5,846,000				136,000
Total current liabilities			7,456,229				1,744,102

SHAREHOLDERS’ EQUITY			133,291,559				117,495,374
Total liabilities and shareholders’ equity		$	140,747,788			$	119,239,476

Schedule of statements of cash flows

		Year ended December 31, 2021				Year ended December 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		$	61,486,052			$	(9,448,446	)
Adjustments to reconcile net loss to net cash used in operating activities:
Equity in income (loss) of subsidiaries			(1,758,915	)			(14,041,689	)
Share based compensation			1,047,777				64,193
Changes in fair value of warrants liability			(61,802,000	)			(5,710,000	)
Change in operating assets and liabilities
Accrued expenses and other payable			(112,585	)			(2,127	)
Net cash used in operating activities			(1,139,671	)			(29,138,069	)

CASH FLOWS FROM INVESTING ACTIVITIES:
(Decrease) increase in interest in subsidiaries			(68,746,346	)			28,540,148
Net cash used in investing activities			(68,746,346	)			28,540,148

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of shares			65,495,011				-
Net cash provided by financing activities			65,495,011				-

CHANGE IN CASH AND CASH EQUIVALENTS			(4,391,006	)			(597,921	)

CASH AND CASH EQUIVALENTS, beginning of year			5,107,486				716,480

CASH AND CASH EQUIVALENTS, end of year		$	716,480			$	118,559