Pledged Deposits (Tables)

3 Months Ended

Mar. 31, 2020

Pledged Deposits [Abstract]

Schedule of pledged deposits

	December 31,		March 31,
	2019		2020
Pledged deposits with bank for:
Bills payable	$	4,021,255	$	3,954,858
Others*		1,499,736		1,384,256
	$	5,520,991	$	5,339,114

* On July 7, 2016, Shenzhen Huijie Purification System Engineering Co., Ltd (“Shenzhen Huijie”), one of the Company’s contractors, filed a lawsuit against CBAK Power in the Peoples’ Court of Zhuanghe City, Dalian for the failure to pay pursuant to the terms of the contract and for entrusting part of the project to a third party without their prior consent. The plaintiff sought a total amount of $1,190,807 (RMB8,430,792), including construction costs of $0.9 million (RMB6.3 million), interest of $29,320 (RMB0.2 million) and compensation of $0.3 million (RMB1.9 million), which were already accrued for as of September 30, 2016. On September 7, 2016, upon the request of Shenzhen Huijie, the Court froze CBAK Power’s bank deposits totaling $1,190,807 (RMB8,430,792) for a period of one year. Further on September 1, 2017, upon the request of Shenzhen Huijie, the Court froze the bank deposits for another year until August 31, 2018. The Court further froze the bank deposits for another year until August 27, 2019 upon the request of Shenzhen Huijie on August 27, 2018.Upon the request from Shenzhen Huijie, the Court again froze the bank deposits for another year until August 27, 2020.