XML 148 R137.htm IDEA: XBRL DOCUMENT v3.23.3
Segment Information (Details) - Schedule of Operating Decision Maker Evaluates Performance based on Each Reporting Segment - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
CBAT [Member]        
Condensed Income Statements, Captions [Line Items]        
Net revenues $ 44,327,653 $ 25,845,959 $ 96,163,040 $ 66,582,060
Cost of revenues (32,629,427) (23,603,029) (77,826,308) (60,519,919)
Gross profit 11,698,226 2,242,930 18,336,732 6,062,141
Total operating expenses (4,120,379) (2,485,812) (12,190,713) (8,754,644)
Operating (loss) income 7,577,847 (242,882) 6,146,019 (2,692,503)
Finance income (expenses), net (403,599) 214,947 (216,939) 405,773
Other income (expenses), net 596,463 1,092,252 817,803 871,588
Income tax expenses
Net income (loss) 7,770,711 1,064,317 6,746,883 (1,415,142)
Identifiable long-lived assets 98,069,634   98,069,634  
Total assets 185,396,100   185,396,100  
Hitrans [Member]        
Condensed Income Statements, Captions [Line Items]        
Net revenues 19,113,456 31,875,733 52,095,640 127,685,590
Cost of revenues (18,563,104) (30,658,215) (51,393,408) (119,435,621)
Gross profit 550,352 1,217,518 702,232 8,249,969
Total operating expenses (2,577,715) (2,352,448) (7,363,599) (7,382,703)
Operating (loss) income (2,027,363) (1,134,930) (6,661,367) 867,266
Finance income (expenses), net (43,435) (134,115) 27,850 (333,680)
Other income (expenses), net 5,191 (2,083,604) 205,104 (2,036,682)
Income tax expenses 305,431 2,012 1,015,626 (84,230)
Net income (loss) (1,760,176) (3,350,637) (5,412,787) (1,587,326)
Identifiable long-lived assets 44,512,193   44,512,193  
Total assets 101,394,531   101,394,531  
Corporate unallocated (note) [Member]        
Condensed Income Statements, Captions [Line Items]        
Net revenues [1]
Cost of revenues [1]
Gross profit [1]
Total operating expenses [1] (261,390) (104,921) (849,498) (848,268)
Operating (loss) income [1] (261,390) (104,921) (849,498) (848,268)
Finance income (expenses), net [1] 3 606,513 (159) (224)
Other income (expenses), net [1] 15,000 936,000 136,000 4,699,000
Income tax expenses [1]
Net income (loss) [1] (246,387) 1,437,592 (713,657) 3,850,508
Identifiable long-lived assets    
Total assets 50,438   50,438  
Consolidated [Member]        
Condensed Income Statements, Captions [Line Items]        
Net revenues 63,441,109 57,721,692 148,258,680 194,267,650
Cost of revenues (51,192,531) (54,261,244) (129,219,716) (179,955,540)
Gross profit 12,248,578 3,460,448 19,038,964 14,312,110
Total operating expenses (6,959,484) (4,943,181) (20,403,810) (16,985,615)
Operating (loss) income 5,289,094 (1,482,733) (1,364,846) (2,673,505)
Finance income (expenses), net (447,031) 687,345 (189,248) 71,869
Other income (expenses), net 616,654 (55,352) 1,158,907 3,533,906
Income tax expenses 305,431 2,012 1,015,626 (84,230)
Net income (loss) 5,764,148 $ (848,728) 620,439 $ 848,040
Identifiable long-lived assets 142,581,827   142,581,827  
Total assets $ 286,841,069   $ 286,841,069  
[1] The Company does not allocate its assets located and expenses incurred outside China to its reportable segments because these assets and activities are managed at a corporate level.