Payables to Former Subsidiaries

6 Months Ended

Jun. 30, 2019

Payables To Former Subsidiaries

Payables to Former Subsidiaries

6. Payables to Former Subsidiaries

Payable to former subsidiaries as of December 31, 2018 and June 30, 2019 consisted of the following:

	December 31,		June 30,
	2018		2019
BAK Tianjin	$	972,913	$	-
BAK Shenzhen		3,328,733		2,850,674
	$	4,301,646	$	2,850,674

Balance as of December 31, 2018 and June 30, 2019 consisted of payables for purchase of inventories from BAK Tianjin and Shenzhen BAK. From time to time, the Company purchased products from these former subsidiaries that they did not produce to meet the needs of its customers.