XML 85 R73.htm IDEA: XBRL DOCUMENT v3.20.2
Loans (Details Textual)
1 Months Ended 3 Months Ended 12 Months Ended
Oct. 14, 2019
Jun. 04, 2018
Jun. 28, 2020
USD ($)
Jun. 25, 2019
Jan. 31, 2019
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2019
USD ($)
Jun. 10, 2021
USD ($)
May 10, 2021
USD ($)
Apr. 10, 2021
USD ($)
Mar. 10, 2021
USD ($)
Feb. 10, 2021
USD ($)
Jan. 10, 2021
USD ($)
Dec. 10, 2020
USD ($)
Jun. 10, 2020
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 30, 2019
USD ($)
Dec. 30, 2019
CNY (¥)
Nov. 12, 2019
USD ($)
Nov. 12, 2019
CNY (¥)
Oct. 31, 2019
USD ($)
Oct. 31, 2019
CNY (¥)
May 21, 2019
USD ($)
May 21, 2019
CNY (¥)
Mar. 07, 2019
USD ($)
Mar. 07, 2019
CNY (¥)
Aug. 31, 2018
USD ($)
Aug. 31, 2018
CNY (¥)
Aug. 22, 2018
USD ($)
Aug. 22, 2018
CNY (¥)
Sep. 30, 2015
Loans (Textual)                                                                
Bank acceptances bills           $ 3,883,077   $ 3,915,094                                                
Equity method investment, ownership percentage                                                               50.00%
Unutilized committed banking facilities           6,800,000                                                    
Interest           $ 397,206 $ 381,275                                                  
Loans, description The Company entered into a cancellation agreement with Mr. Shangdong Liu, Mr. Shibin Mao, Ms. Lijuan Wang and Mr. Ping Shen (the creditors). Pursuant to the terms of the cancellation agreement, Mr. Shangdong Liu, Mr. Shibin Mao, Ms. Lijuan Wang and Mr. Ping Shen agreed to cancel and convert the Fifth Debt (note 1) and the Unpaid Earnest Money in exchange for 528,053, 3,536,068, 2,267,798 and 2,267,798 shares of common stock of the Company, respectively, at an exchange price of $0.6 per share. Upon receipt of the shares, the creditors will release the Company from any claims, demands and other obligations relating to the Fifth Debt and the Unpaid Earnest Money.                                                              
Related party description       The Company entered into a loan agreement with Mr. Shulin Yu, an unrelated party, to loan RMB3.6 million (approximately $0.5 million) for a term of one year, bearing annual interest of 10% and the repayment was guaranteed by Mr. Yunfei Li (the Company's CEO) and Mr. Wenwu Wang (the Company's former CFO). As of March 31, 2020, the Company borrowed RMB3.6 million (approximately $0.5 million). On June 22, 2020, the Company and Mr. Shulin Yu entered into a supplemental agreement to extend the loan for one year to June 24, 2021. The Company obtained one-year term facilities from Jilin Province Trust Co. Ltd. with a maximum amount of RMB40.0 million (approximately $5.7 million), which was secured by land use rights and buildings of Eodos Liga Energy Co., Ltd. Under the facilities, the Company borrowed a total of RMB39.6 million ($5.7 million) in 2019, bearing annual interest from 11.3% to 11.6%. The Company fully repaid the loan principal and accrued interest in March 2020. The Company obtained additional one-year term facilities from Jilin Province Trust Co. Ltd with a maximum amount of RMB40.0 million (approximately $5.7 million), which was secured by land use rights and buildings of Eodos Liga Energy Co., Ltd. Under the facilities, the Company borrowed RMB24.2 million ($3.4 million) on March 13, 2020, bearing annual interest of 13.5%.                                                    
Investment agreements description               The Company returned partial earnest money of $943,015 (approximately RMB6.7 million) to these investors.                                                
Remained outstanding value           $ 85,248                                                    
Subsequent Event [Member]                                                                
Loans (Textual)                                                                
Bank loan     $ 141,800,000                                                          
Suzhou Zhengyuanwei Needle Ce Co.Ltd [Member]                                                                
Loans (Textual)                                                                
Loans, description               The Company entered into a short term loan agreement with Suzhou Zhengyuanwei Needle Ce Co., Ltd, an unrelated party to loan RMB0.6 million (approximately $0.1 million), bearing annual interest rate of 12%. As of March 31, 2020, loan amount of RMB0.5 million ($70,622) remained outstanding.                                                
RMB [Member] | Subsequent Event [Member]                                                                
Loans (Textual)                                                                
Bank loan     20,030,000                                                          
China Everbright Bank Dalian Branch [Member]                                                                
Loans (Textual)                                                                
Line of credit facility, maximum borrowing capacity               $ 5,600,000                   $ 5,600,000   $ 14,410,000   $ 4,000,000           $ 8,500,000   $ 14,410,000    
Long-term Line of Credit                                       $ 7,100,000   $ 4,000,000           $ 8,500,000        
Bank acceptances bills                                                   $ 4,100,000            
Bills receivable                                                   $ 4,100,000            
Debt instrument discount rate                                           3.30% 3.30%         4.00% 4.00%      
Loans, description   The Company obtained banking facilities from China Everbright Bank Dalian Branch with a maximum amount of RMB200 million (approximately $28.3 million) with the term from June 12, 2018 to June 10, 2021, bearing interest at 130% of benchmark rate of the People's Bank of China ("PBOC") for three-year long-term loans, at current rate 6.175% per annum. The loans are repayable in six installments of RMB0.8 million ($0.11 million) on December 10, 2018, RMB24.3 million ($3.43 million) on June 10, 2019, RMB0.8 million ($0.11 million) on December 10, 2019, RMB74.7 million ($10.6 million) on June 10, 2020, RMB0.8 million ($0.11 million) on December 10, 2020 and RMB66.3 million ($9.4 million) on June 10, 2021. Under the facilities, the Company borrowed RMB141.8 million (approximately $20.03 million) as of March 31, 2020. The facilities were secured by the Company's land use rights, buildings, machinery and equipment. The Company repaid the bank loan of RMB0.8 million ($0.11 million), RMB24.3 million ($3.43 million) and RMB0.8 million ($0.11 million) on December 2018, June 2019 and December 2019 respectively.                                                            
Bearing interest               5.655%                 5.655%                              
China Everbright Bank Dalian Branch [Member] | Subsequent Event [Member]                                                                
Loans (Textual)                                                                
Long-term Line of Credit     1,090,000           $ 129,700,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 2,000,000 $ 1,000,000 $ 1,090,000                                
China Everbright Bank Dalian Branch [Member] | Mr. Yunfei Li [Member]                                                                
Loans (Textual)                                                                
Equity method investment, ownership percentage               15.00%                 15.00%                              
China Everbright Bank Dalian Branch [Member] | CBAK Power [Member]                                                                
Loans (Textual)                                                                
Equity method investment, ownership percentage               100.00%                 100.00%     100.00% 100.00%                      
Debt instrument discount rate                                       4.00% 4.00%                      
China Everbright Bank Dalian Branch [Member] | RMB [Member]                                                                
Loans (Textual)                                                                
Line of credit facility, maximum borrowing capacity | ¥                                 ¥ 39,900,000   ¥ 39,900,000   ¥ 100,000,000   ¥ 28,000,000           ¥ 60,000,000   ¥ 100,000,000  
Long-term Line of Credit | ¥                                         ¥ 50,000,000   ¥ 28,000,000                  
Bank acceptances bills | ¥                                                     ¥ 28,800,000          
China Everbright Bank Dalian Branch [Member] | RMB [Member] | Subsequent Event [Member]                                                                
Loans (Textual)                                                                
Long-term Line of Credit     $ 150,000           $ 18,300,000 $ 280,000 $ 280,000 $ 280,000 $ 280,000 $ 280,000 $ 140,000 $ 150,000                                
Industrial Bank Co., Ltd. Dalian Branch [Member]                                                                
Loans (Textual)                                                                
Bank acceptances bills                                               $ 200,000                
Bills receivable                                               $ 200,000                
Industrial Bank Co., Ltd. Dalian Branch [Member] | RMB [Member]                                                                
Loans (Textual)                                                                
Bank acceptances bills | ¥                                                 ¥ 1,500,000              
Bills receivable | ¥                                                 ¥ 1,500,000