XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.23.1

Trade and Bills Receivable, net | 3 Months Ended
--- | ---
Mar. 31, 2023
Trade And Bills Receivable Net [Abstract] |
Trade and Bills Receivable, net | 3. Trade and Bills Receivable, net Trade and bills receivable as of December 31, 2022 and March 31, 2023:
|  | December 31, |  |  | March 31, |
|  | 2022 |  |  | 2023 |
Trade receivable |  | $ | 23,422,733 |  |  | $ | 25,501,022 |
Less: Allowance for credit losses |  |  | (2,274,513 | ) |  |  | (2,351,419 | )
|  |  | 21,148,220 |  |  |  | 23,149,603 |
Bills receivable |  |  | 6,265,355 |  |  |  | 4,960,040 |
|  | $ | 27,413,575 |  |  | $ | 28,109,643 |
Included in trade and bills receivables are retention receivables of $1,066,146 and $629,819 as of December 31, 2022 and March 31, 2023. Retention receivables are interest-free and recoverable either at the end of the retention period of three to five years since the sales of the EV batteries or 200,000 km since the sales of the motor vehicles (whichever comes first). An analysis of the allowance for credit losses are as follows:
Balance as at December 31, 2022 |  | $ | 2,274,513 |
Adoption of ASC Topic 326 |  |  | - |
Balance as at January 1, 2023 |  |  | 2,274,513 |
Current period provision, net |  |  | 78,995 |
Current period write off |  |  | (15,153 | )
Foreign exchange adjustment |  |  | 13,064 |
Balance as at March 31, 2023 |  | $ | 2,351,419 |

X
- References No definition available. + Details
Name: | cbat_TradeAndBillsReceivableNetAbstract
Namespace Prefix: | cbat_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | cbat_TradeAndBillsReceivableNetTextBlock
Namespace Prefix: | cbat_
Data Type: | dtr:textBlockItemType
Balance Type: | na
Period Type: | duration