XML 71 R50.htm IDEA: XBRL DOCUMENT v3.25.1
Long-Term Investments, Net (Tables)
12 Months Ended
Dec. 31, 2024
Long-Term Investments, Net [Abstract]  
Schedule of Long-Term Investments

Long-term investments as of December 31, 2023 and 2024, consisted of the following:

 

   December 31,
2023
   December 31,
2024
 
Investments in equity method investees  $1,926,611   $1,625,793 
Investments in non-marketable equity   638,394    620,701 
   $2,565,005   $2,246,494 
Schedule of Carrying Value of the Long-Term Investments

The following is the carrying value of the long-term investments:

 

    December 31, 2023     December 31, 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 %     1,625,793       26 %
    $ 1,926,611             $ 1,625,793          
                                 
Investments in non-marketable equity                                
Hunan DJY Technology Co., Ltd   $ 638,394             $ 620,701          
Nanjing CBAK Education For Industry Technology Co., Ltd     -               -          
    $ 638,394             $ 620,701          
(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   (278,114)
Loss from investment   (18,777)
Profit from disposal   45,749 
Foreign exchange adjustment   (3,333)
Balance as of December 31, 2024  $- 
Investments in Zhejiang Shengyang Renewable Resources Technology Co., Ltd.
Balance as at January 1, 2023   $ -  
Investments made     4,044,175  
Impairment loss from investment     (2,366,080 )
Foreign exchange adjustment     (5,959 )
Balance as of December 31, 2023   $ 1,672,136  
Profit (loss) from investment     -  
Foreign exchange adjustment     (46,343 )
Balance as of December 31, 2024   1,625,793  
Schedule of Investments in Non-Marketable Equity

Investments in non-marketable equity

 

   December 31,
2023
   December 31,
2024
 
Cost  $1,268,124   $1,232,978 
Impairment   (629,730)   (612,277)
Carrying amount  $638,394   $620,701