XML 59 R47.htm IDEA: XBRL DOCUMENT v3.24.3
Long-Term Investments, Net (Tables)
 9 Months Ended
Sep. 30, 2024
Long-Term Investments, Net [Abstract]  
Schedule of Long-Term Investments Long-term investments as of December 31, 2023 and September 30, 2024 consisted of the following:
   December 31,
2023		   September 30,
2024		 
Investments in equity method investees  $1,926,611   $1,690,957 
Investments in non-marketable equity   638,394    645,580 
   $2,565,005   $2,336,537 
Schedule of Carrying Value of the Long-Term Investments The following is the carrying value of the long-term investments:
   December 31,
2023		   September 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%   1,690,957    26%
   $1,926,611        $1,690,957      
                     
Investments in non-marketable equity                    
Hunan DJY Technology Co., Ltd  $638,394        $645,580      
Nanjing CBAK Education For Industry Technology Co., Ltd   
-
         
-
      
   $638,394        $645,580      

(a) Investments in Guangxi Guiwu CBAK New Energy Technology Co., Ltd

(b) Investments in Zhejiang Shengyang Renewable Resources Technology Co., Ltd.
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   (278,064)
Profit from disposal   26,967 
Foreign exchange adjustment   (3,378)
Balance as of September 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   18,821 
Balance as of September 30, 2024  $1,690,957 
Schedule of Investments in Non-Marketable Equity Investments in non-marketable equity
   December 31,
2023		   September 30,
2024		 
Cost  $1,268,124   $1,282,398 
Impairment   (629,730)   (636,818)
Carrying amount  $638,394   $645,580