Segment Information

12 Months Ended

Dec. 31, 2017

24.

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. Starting from the three months ended December 31, 2013 and until June 30, 2014, the Company was also engaged in the business segment of property lease and management (see Note 1).

After the disposal of BAK International, the Company focused on producing high-power lithium battery cells. Net revenues from continuing operations for the year ended September 30, 2016, three months ended December 31, 2016 and year ended December 31, 2017 were as follows:

Net revenues by product:

		Year ended		Three months ended		Year ended
		September 30, 2016		December 31, 2016		December 31, 2017
High power lithium batteries used in:
Electric vehicles	$	6,488,149	$	687,182	$	55,007,370
Light electric vehicles		553,390		208,531		495,769
Uninterruptable supplies		3,327,905		2,604,803		2,872,260
Total	$	10,369,444	$	3,500,516	$	58,375,399

Net revenues by geographic area:

		Year ended		Three months ended		Year ended
		September 30, 2016		December 31, 2016		December 31, 2017
Mainland China	$	9,017,227	$	3,215,912		57,425,420
Europe		456,795		120,916		294,322
PRC Taiwan		412,963		-		221,777
Israel		224,211		108,995		363,845
Korea		258,248		-		-
Others		-		54,693		70,035
Total	$	10,369,444	$	3,500,516	$	58,375,399

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