Segment Information

6 Months Ended

Jun. 30, 2017

Segment Information [Text Block]

21. Segment Information

The Company used to engage in one business segment, the manufacture, commercialization and distribution of a wide variety of standard and customized lithium ion rechargeable batteries for use in a wide array of applications. The Company manufactured five types of Li-ion rechargeable batteries: aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell and high-power lithium battery cell. The Company’s products are sold to packing plants operated by third parties primarily for use in mobile phones and other electronic devices.

After the disposal of BAK International and its subsidiaries (see Note 1), the Company focused on producing high-power lithium battery cells. Net revenues for the three months and six months ended June 30, 2016 and 2017 were as follows:

Net revenues by product:

		Three months ended June 30,				Six months ended June 30,
		2016		2017		2016		2017
High power lithium batteries used in:
Electric vehicles	$	89,022	$	5,806,971	$	2,831,977	$	9,064,743
Light electric vehicles		412,112		61,663		465,479		203,023
Uninterruptable supplies		861,161		470,625		1,263,752		787,637
	$	1,362,295	$	6,339,259	$	4,561,208	$	10,055,403

Net revenues by geographic area:

		Three months ended June 30,				Six months ended June 30,
		2016		2017		2016		2017
PRC Mainland	$	867,730	$	6,039,679	$	3,639,270	$	9,447,002
PRC Taiwan		102,850		134,562		278,908		219,373
Israel		225,754		114,817		225,754		217,359
Europe		-		49,253		251,206		170,721
South Korea		164,930		-		165,051		-
Others		1,031		948		1,019		948
	$	1,362,295	$	6,339,259	$	4,561,208	$	10,055,403

Substantially all of the Company’s long-lived assets are located in the PRC.