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Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Information

Schedule of information by segment

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​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	​	Consumer product								​	EV								​	Total
​		2021			2020			2019			2021			2020			2019			2021			2020			2019
Revenue from external customers	​	$	53,411,271	​	$	41,899,677	​	$	49,200,868	​	$	1,852,402	​	$	383,993	​	$	29,702	​	$	55,263,673	​	$	42,283,670	​	$	49,230,570
Cost of revenue	​		43,427,306	​		37,411,824	​		42,409,429	​		1,405,041	​		395,473	​		843,641	​		44,832,347	​		37,807,297	​		43,253,070
Gross profit	​		9,983,965	​		4,487,853	​		6,791,439	​		447,361	​		(11,480)	​		(813,939)	​		10,431,326	​		4,476,373	​		5,977,500
Interest expenses	​		265,248	​		300,125	​		427,379	​		475,152	​		—	​		15,883	​		740,400	​		300,125	​		443,262
Depreciation & amortization	​		271,536	​		244,601	​		276,170	​		645,066	​		633,315	​		627,958	​		916,602	​		877,916	​		904,128
Capital expenditure	​		11,417	​		2,489	​		6,787,833	​		213,111	​		142,317	​		12,106	​		224,528	​		144,806	​		6,799,939
Segment assets	​		128,727,344	​		106,775,636	​		91,431,857	​		5,799,714	​		9,519,609	​		24,018,920	​		134,527,058	​		116,295,245	​		115,450,777
Segment profit	​	$	4,810,563	​	$	2,216,371	​	$	2,346,477	​	$	(15,503,545)	​	$	(12,238,599)	​	$	(12,005,760)	​	$	(10,692,982)	​	$	(10,022,228)	​	$	(9,659,283)

Schedule of long-lived assets, by geographic information about the revenues

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​	​	​	​	​	​	​	​	​	​
​	​	Years ended December 31
​		2021			2020			2019
Revenue from China	​	$	55,263,673	​	$	42,283,670	​	$	49,230,570
Revenue directly from foreign countries	​		—	​		—	​		—
Total Revenue	​	$	55,263,673	​	$	42,283,670	​	$	49,230,570

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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