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Long-Term Investments, Net (Tables) | 6 Months Ended
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Jun. 30, 2024
Long-Term Investments, Net [Abstract] |
Schedule of Investments | Long-term investments as of December 31, 2023 and June 30, 2024 consisted of the following:
|  | December 31, 2023 |  |  | June 30, 2024 |
Investments in equity method investees |  | $ | 1,926,611 |  |  | $ | 1,632,952 |
Investments in non-marketable equity |  |  | 638,394 |  |  |  | 623,434 |
|  | $ | 2,565,005 |  |  | $ | 2,256,386 |
Schedule of Carrying Value of the Long-Term Investments | The following is the carrying value of the long-term investments:
|  | December 31, 2023 |  |  | June 30, 2024 |
|  | Carrying Amount |  |  | Economic Interest |  |  | Carrying Amount |  |  | Economic Interest |
Investments in equity method investees |  |  |  |  |  |  |  |  |  |  |  |
Guangxi Guiwu CBAK New Energy Technology Co., Ltd (a) |  | $ | 254,475 |  |  |  | 20 | % |  | $ | - |  |  |  | - |
Zhejiang Shengyang Renewable Resources Technology Co., Ltd. (b) |  |  | 1,672,136 |  |  |  | 26 | % |  |  | 1,632,952 |  |  |  | 26 | %
|  | $ | 1,926,611 |  |  |  |  |  |  | $ | 1,632,952 |  |  |  |  |
Investments in non-marketable equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Hunan DJY Technology Co., Ltd |  | $ | 638,394 |  |  |  |  |  |  | $ | 623,434 |  |  |  |  |
Nanjing CBAK Education For Industry Technology Co., Ltd |  |  | - |  |  |  |  |  |  |  | - |  |  |  |  |
|  | $ | 638,394 |  |  |  |  |  |  | $ | 623,434 |  |  |  |  |
Schedule of Investments | Investments in Guangxi Guiwu CBAK New Energy Technology Co., Ltd
Balance as of January 1, 2023 |  | $ | 289,473 |
Loss from investment |  |  | (27,428 | )
Foreign exchange adjustment |  |  | (7,570 | )
Balance as of December 31, 2023 |  |  | 254,475 |
Proceeds from disposal of investment |  |  | (277,496 | )
Profit from disposal |  |  | 26,912 |
Foreign exchange adjustment |  |  | (3,891 | )
Balance as of June 30, 2024 |  | $ | - |
Investments in Zhejiang Shengyang Renewable Resources Technology Co., Ltd.
Balance as of January 1, 2023 |  | $ | - |
Investments made |  |  | 4,044,175 |
Impairment loss |  |  | (2,366,080 | )
Foreign exchange adjustment |  |  | (5,959 | )
Balance as of December 31, 2023 |  |  | 1,672,136 |
Loss from investment |  |  | - |
Foreign exchange adjustment |  |  | (39,184 | )
Balance as of June 30, 2024 |  | $ | 1,632,952 |
Schedule of Investments in Non-Marketable Equity | Investments in non-marketable equity
|  | December 31, 2023 |  |  | June 30, 2024 |
Cost |  | $ | 1,268,124 |  |  | $ | 1,238,407 |
Impairment |  |  | (629,730 | ) |  |  | (614,973 | )
Carrying amount |  | $ | 638,394 |  |  | $ | 623,434 |

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