XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net revenues $ 42,420,870 $ 56,349,660 $ 84,817,571 $ 136,545,958
Cost of revenues (38,536,228) (50,814,352) (78,027,185) (125,694,296)
Gross profit 3,884,642 5,535,308 6,790,386 10,851,662
Operating expenses:        
Research and development expenses (2,980,718) (2,299,466) (5,436,046) (5,612,590)
Sales and marketing expenses (963,588) (697,664) (1,684,592) (1,527,338)
General and administrative expenses (3,582,893) (2,453,515) (6,062,028) (4,690,889)
Recovery of (provision for) doubtful accounts (130,493) 59,826 (261,660) (211,617)
Total operating expenses (7,657,692) (5,390,819) (13,444,326) (12,042,434)
Operating income (loss) (3,773,050) 144,489 (6,653,940) (1,190,772)
Finance (expenses) income, net 252,472 (620,490) 257,783 (615,476)
Other (expenses) income, net 238,040 (458,946) 421,253 (173,742)
Change in fair value of warrants 36,000 2,131,000 121,000 3,763,000
Income before income tax (3,246,538) 1,196,053 (5,853,904) 1,783,010
Income tax (expenses) credit 307,311 (179,788) 710,195 (86,242)
Net income (loss) (2,939,227) 1,016,265 (5,143,709) 1,696,768
Less: Net (income) loss attributable to non-controlling interest 304,237 (211,075) 1,128,364 (447,125)
Net income (loss) attributable to CBAK Energy Technology, Inc. (2,634,990) 805,190 (4,015,345) 1,249,643
Net income (loss) (2,939,227) 1,016,265 (5,143,709) 1,696,768
– Foreign currency translation adjustment (6,639,109) (7,126,920) (5,890,330) (6,694,727)
Comprehensive loss (9,578,336) (6,110,655) (11,034,039) (4,997,959)
Less: Comprehensive (loss) income attributable to non-controlling interest 643,620 (205,075) 1,373,641 (482,134)
Comprehensive loss attributable to CBAK Energy Technology, Inc. $ (8,934,716) $ (6,315,730) $ (9,660,398) $ (5,480,093)
Income (loss) per share        
– Basic (in Dollars per share) $ (0.03) $ 0 [1],[2] $ (0.05) $ 0.01
– Diluted (in Dollars per share) $ (0.03) $ 0 [1],[2] $ (0.05) $ 0.01
Weighted average number of shares of common stock:        
– Basic (in Shares) 89,029,399 89,007,924 89,021,424 88,852,594
– Diluted (in Shares) 89,029,399 89,019,818 89,021,424 88,865,263
[1] Less than $0.01 per share
[2] Less than $0.01 per share