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Concentrations and Credit Risk (Tables) | 3 Months Ended
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Mar. 31, 2025
Concentrations and Credit Risk [Abstract] |
Schedule of Concentration Risk | The Company had the following customers that individually comprised 10% or more of net revenue for the three months ended March 31, 2024 and 2025 as follows:
|  | Three months ended March 31, |
Sales of finished goods and raw materials |  | 2024 |  |  | 2025 |
Customer A |  | $ | 30,141,709 |  |  |  | 51.2 | % |  | $ | * |  |  |  | * |
Customer B |  |  | * |  |  |  | * |  |  |  | 10,731,179 |  |  |  | 30.7 | %
* | Comprised less than 10% of net revenue for the respective period.
The Company had the following customers that individually comprised 10% or more of net trade receivable (included VAT) as of December 31, 2024 and March 31, 2025 as follows:
|  | December 31, 2024 |  |  | March 31, 2025 |
Customer B |  | $ | 10,676,044 |  |  |  | 41.5 | % |  | $ | 9,814,866 |  |  |  | 37.5 | %
Customer C |  |  | * |  |  |  | * |  |  |  | 3,799,674 |  |  |  | 14.5 | %
Zhengzhou BAK Battery Co., Ltd (note 17) |  |  | 5,970,184 |  |  |  | 23.2 | % |  |  | * |  |  |  | * |
* | Comprised less than 10% of net accounts receivable for the respective period.
The Company had the following suppliers that individually comprised 10% or more of net purchase for the three months ended March 31, 2024 and 2025 as follows:
|  | Three months ended March 31, |
|  | 2024 |  |  | 2025 |
Supplier A |  | $ | 3,242,455 |  |  |  | 10.1 | % |  | $ | * |  |  |  | * |
Supplier B |  |  | * |  |  |  | * |  |  |  | 3,619,451 |  |  |  | 11.2 | %
* | Comprised less than 10% of net purchase for the respective period.
The Company had the following suppliers that individually comprised 10% or more of trade payable as of December 31, 2024 and March 31, 2025 as follows:
|  | December 31, 2024 |  |  | March 31, 2025 |
Supplier B |  | $ | 3,263,562 |  |  |  | 12.4 | % |  | $ | * |  |  |  | * |

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- Definition Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 275 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-18 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 275 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-20 + Details
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