0001588084false--12-312024-06-30Q220243797089834375500P0YP5Y5M30DP5Y5M30DP5Y5M30D0.300015880842024-01-012024-06-300001588084us-gaap:SubsequentEventMembertanh:PromissoryNoteMember2024-08-012024-08-020001588084tanh:TotalPackagingMember2023-06-300001588084tanh:TotalPackagingMember2024-06-300001588084tanh:EvMember2023-06-300001588084tanh:EvMember2024-06-300001588084tanh:ConsumerProductMember2023-06-300001588084tanh:ConsumerProductMember2024-06-300001588084tanh:TotalPackagingMember2023-01-012023-06-300001588084tanh:TotalPackagingMember2024-01-012024-06-300001588084tanh:EvMember2023-01-012023-06-300001588084tanh:EvMember2024-01-012024-06-300001588084tanh:ConsumerProductMember2023-01-012023-06-300001588084tanh:ConsumerProductMember2024-01-012024-06-300001588084tanh:ForeignCountriesMember2023-01-012023-06-300001588084tanh:ForeignCountriesMember2024-01-012024-06-300001588084tanh:RevenueFromChinaMember2023-01-012023-06-300001588084tanh:RevenueFromChinaMember2024-01-012024-06-300001588084tanh:ShangchiAutomobileAndSubsidiaryShenzhenYimaoMember2024-06-300001588084tanh:ShangchiAutomobileAndSubsidiaryShenzhenYimaoMember2023-12-310001588084tanh:TopMember2023-05-260001588084tanh:BottomMember2022-03-180001588084tanh:TopMember2022-03-1800015880842023-02-210001588084us-gaap:InvestorMember2024-06-300001588084tanh:November2020OfferingWarrantsMemberus-gaap:OverAllotmentOptionMembertanh:UnregisteredWarrantsMember2023-12-310001588084tanh:November2020OfferingWarrantsMemberus-gaap:OverAllotmentOptionMembertanh:UnregisteredWarrantsMember2020-11-012020-11-240001588084tanh:WarrantsAMember2024-04-012024-04-220001588084tanh:WarrantsMember2024-04-012024-04-300001588084tanh:WarrantsBMember2024-04-012024-04-300001588084tanh:WarrantsAMember2024-04-012024-04-300001588084tanh:WarrantsBMember2022-02-012022-02-240001588084tanh:WarrantsAMember2022-02-012022-02-2400015880842023-06-2600015880842023-06-012023-06-2600015880842023-02-012023-02-2100015880842020-11-012020-11-2400015880842022-02-012022-02-2400015880842022-10-012022-10-280001588084tanh:WarrantsMember2024-06-300001588084tanh:WarrantsAMember2024-06-300001588084tanh:WarrantsAMember2024-04-300001588084tanh:WarrantsMember2024-04-300001588084tanh:WarrantsBMember2024-04-300001588084us-gaap:InvestorMember2024-04-012024-04-220001588084us-gaap:InvestorMember2024-04-300001588084tanh:BottomMember2023-12-310001588084tanh:BottomMember2024-06-3000015880842024-04-2200015880842024-04-012024-04-300001588084tanh:ShangchiAutomobileMember2024-01-012024-06-300001588084tanh:ShangchiAutomobileMember2024-06-300001588084tanh:ShangchiAutomobileMember2021-12-012021-12-150001588084tanh:ShangchiAutomobileMember2021-03-012021-03-230001588084tanh:StreetervilleCapitalLLCMember2023-06-290001588084tanh:BottomMember2024-09-012024-09-050001588084tanh:TopMember2024-09-012024-09-050001588084tanh:ExchangeagreementMemberus-gaap:SubsequentEventMember2024-09-050001588084tanh:StreetervilleCapitalLLCMember2023-12-310001588084tanh:ExchangeagreementMemberus-gaap:SubsequentEventMember2024-09-012024-09-050001588084tanh:StreetervilleCapitalLLCMember2024-01-012024-06-300001588084tanh:StreetervilleCapitalLLCMember2023-06-012023-06-290001588084tanh:TantechBambooMembertanh:ZhejiangNongmiBiotechnologyCoLtdMember2023-01-012023-06-300001588084tanh:TantechBambooMembertanh:ZhejiangNongmiFoodCoLtdMember2023-01-012023-06-300001588084tanh:TantechBambooMembertanh:ZhejiangNongmiBiotechnologyCoLtdMember2021-07-130001588084tanh:TantechBambooMembertanh:ZhejiangNongmiFoodCoLtdMember2021-07-130001588084tanh:TantechBambooMembertanh:ZhejiangNongmiBiotechnologyCoLtdMember2021-07-012021-07-130001588084tanh:TantechBambooMembertanh:ZhejiangNongmiFoodCoLtdMember2021-07-012021-07-130001588084tanh:AdvancesToParentMembertanh:MrWangfengYanCeoAndHisAffiliateLishuiJiuanjuCommercialTradeCoLtdMember2024-06-300001588084tanh:AdvancesToParentMembertanh:MrWangfengYanCeoAndHisAffiliateLishuiJiuanjuCommercialTradeCoLtdMember2023-12-310001588084tanh:ForasenGroupAndItsAffiliatesControlledByMrZhengyuWangChairmanAndCeoOfTheCompanyMember2024-06-300001588084tanh:ForasenGroupAndItsAffiliatesControlledByMrZhengyuWangChairmanAndCeoOfTheCompanyMember2023-12-310001588084tanh:MrWangfengYanAndHisAffiliatesMember2024-06-300001588084tanh:MrWangfengYanAndHisAffiliatesMember2023-12-310001588084tanh:MrZhengyuWangAndHisAffiliatesMember2024-06-300001588084tanh:MrZhengyuWangAndHisAffiliatesMember2023-12-310001588084tanh:TantechCharcoalTwoMembertanh:LoanPayableToBankOfChinaLishuiBranchMember2022-12-220001588084tanh:LoanPayableToBankOfChinaLishuiBranchMembertanh:LoanPayableOneMember2023-12-310001588084tanh:LoanPayableToBankOfChinaLishuiBranchMembertanh:LoanPayableOneMember2024-06-3000015880842022-01-012022-12-3100015880842021-12-310001588084tanh:FinancialReceivableMember2024-06-300001588084tanh:FinancialReceivableMember2023-12-310001588084tanh:SuppliersMember2024-06-300001588084tanh:SuppliersMember2023-01-012023-12-310001588084tanh:SuppliersMember2024-01-012024-06-300001588084tanh:SuppliersMember2022-12-310001588084tanh:SuppliersMember2023-12-310001588084tanh:TantechCharcoalMember2024-01-012024-06-300001588084tanh:ZhejiangTantechBambooCharcoalCoLtdMember2024-03-160001588084tanh:PurchasesMembertanh:ThreeSupplierMember2023-01-012023-06-300001588084tanh:PurchasesMembertanh:TwoSupplierMember2023-01-012023-06-300001588084tanh:PurchasesMembertanh:TwoSupplierMember2024-01-012024-06-300001588084tanh:PurchasesMembertanh:OneSupplierMember2023-01-012023-06-300001588084tanh:PurchasesMembertanh:OneSupplierMember2024-01-012024-06-300001588084us-gaap:AccountsReceivableMembertanh:ThreeCustomersMember2023-01-012023-12-310001588084us-gaap:AccountsReceivableMembertanh:TwoCustomersMember2023-01-012023-12-310001588084us-gaap:AccountsReceivableMembertanh:OneCustomersMember2023-01-012023-12-310001588084us-gaap:SalesMembertanh:FourCustomersMember2023-01-012023-06-300001588084us-gaap:SalesMembertanh:ThreeCustomersMember2023-01-012023-06-300001588084us-gaap:SalesMembertanh:TwoCustomersMember2023-01-012023-06-300001588084us-gaap:SalesMembertanh:OneCustomersMember2023-01-012023-06-300001588084us-gaap:SalesMembertanh:OneCustomersMember2024-01-012024-06-300001588084us-gaap:AccountsReceivableMembertanh:ThreeCustomersMember2024-01-012024-06-300001588084us-gaap:AccountsReceivableMembertanh:TwoCustomersMember2024-01-012024-06-300001588084us-gaap:SalesMembertanh:ThreeCustomersMember2024-01-012024-06-300001588084us-gaap:SalesMembertanh:TwoCustomersMember2024-01-012024-06-300001588084us-gaap:AccountsReceivableMembertanh:OneCustomersMember2024-01-012024-06-300001588084tanh:SplitAdjustedMembertanh:WarrantsMember2024-06-300001588084tanh:SplitAdjustedMembertanh:WarrantsMember2023-12-310001588084tanh:SuzhouEmotorMember2024-06-3000015880842023-01-012023-12-310001588084us-gaap:ConvertibleNotesPayableMember2024-06-300001588084us-gaap:ConvertibleNotesPayableMember2023-12-310001588084us-gaap:FairValueInputsLevel3Memberus-gaap:ConvertibleNotesPayableMember2024-06-300001588084us-gaap:FairValueInputsLevel3Memberus-gaap:ConvertibleNotesPayableMember2023-12-310001588084us-gaap:FairValueInputsLevel1Member2024-06-300001588084us-gaap:FairValueInputsLevel1Member2023-12-310001588084us-gaap:FairValueInputsLevel3Member2024-06-300001588084us-gaap:FairValueInputsLevel3Member2023-12-310001588084us-gaap:FairValueInputsLevel2Memberus-gaap:ConvertibleNotesPayableMember2024-06-300001588084us-gaap:FairValueInputsLevel2Memberus-gaap:ConvertibleNotesPayableMember2023-12-310001588084us-gaap:FairValueInputsLevel2Member2024-06-300001588084us-gaap:FairValueInputsLevel2Member2023-12-310001588084us-gaap:FairValueInputsLevel12And3Member2024-06-300001588084tanh:WarrantsLiabilitiesMember2024-06-300001588084us-gaap:FairValueInputsLevel3Membertanh:WarrantsLiabilitiesMember2024-06-300001588084us-gaap:FairValueInputsLevel1Memberus-gaap:ConvertibleNotesPayableMember2024-06-300001588084us-gaap:FairValueInputsLevel12And3Member2023-12-310001588084us-gaap:FairValueInputsLevel1Memberus-gaap:ConvertibleNotesPayableMember2023-12-310001588084tanh:FirstInternationalCommercialFactoringShenzhenCoLtdFirstInternationalChinaEastMember2024-06-300001588084tanh:FirstInternationalCommercialFactoringShenzhenCoLtdFirstInternationalMember2024-06-300001588084tanh:ChinaEastTradeCoLtdChinaEastMember2024-06-300001588084tanh:ShenzhenShangdongTradingCoLtdShenzhenShangdongMember2024-06-300001588084tanh:ZhejiangShangchiMedicalEquipmentCoLtdShangchiMedicalMember2024-06-300001588084tanh:HangzhouEurasiaSupplyChainCoLtdEurasiaSupplyMember2024-06-300001588084tanh:EurasiaHoldingsZhejiangCoLtdEurasiaHoldingsMember2024-06-300001588084tanh:ShanghaiWangjuIndustrialGroupCoLtdShanghaiWangjuMember2024-06-300001588084tanh:ShangchiZhejiangIntelligentEquipmentCoLtdShangchiIntelligentEquipmentMember2024-06-300001588084tanh:GangyuTradingJiangsuCoLtdGangyuTradingMember2024-06-300001588084tanh:LishuiSmartNewEnergyAutomobileCoLtdLishuiSmartMember2024-06-300001588084tanh:ZhejiangJiangshanilaiTechnologyCoLtdShangnilaiMember2024-06-300001588084tanh:ZhejiangZhuguXingqiTechnologyCoLtdZhuguXingqiMember2024-06-300001588084tanh:HangzhouTanboTechCoLtdTanboTechMember2024-06-300001588084tanh:LishuiXincaiIndustrialCoMember2024-06-300001588084tanh:ShenzhenYimaoNewEnergySalesCoLtdMember2024-06-300001588084tanh:ShangchiAutomobileCoLtdMember2024-06-300001588084tanh:HangzhouJiyiInvestmentManagementCoLtdMember2024-06-300001588084tanh:HangzhouWangboInvestmentManagementCoLtdMember2024-06-300001588084tanh:ShanghaiJiamuInvestmentManagementCoLtdMember2024-06-300001588084tanh:EuroasiaNewEnergyAutomotiveJiangsuCoLtdMember2024-06-300001588084tanh:TantechHoldingsLishuiCoLtdMember2024-06-300001588084tanh:EAGInternationalVantageCapitalsLimitedMember2024-06-300001588084tanh:USCNHKGroupLimitedMember2024-06-300001588084tanh:ShangchiAutomobileCoLtdByJiyiONeMember2024-06-300001588084tanh:TantechHoldingsLtdMember2024-06-300001588084tanh:FirstInternationalCommercialFactoringShenzhenCoLtdFirstInternationalMember2024-01-012024-06-300001588084tanh:ChinaEastTradeCoLtdChinaEastMember2024-01-012024-06-300001588084tanh:ShenzhenShangdongTradingCoLtdShenzhenShangdongMember2024-01-012024-06-300001588084tanh:ZhejiangShangchiMedicalEquipmentCoLtdShangchiMedicalMember2024-01-012024-06-300001588084tanh:HangzhouEurasiaSupplyChainCoLtdEurasiaSupplyMember2024-01-012024-06-300001588084tanh:EurasiaHoldingsZhejiangCoLtdEurasiaHoldingsMember2024-01-012024-06-300001588084tanh:ShanghaiWangjuIndustrialGroupCoLtdShanghaiWangjuMember2024-01-012024-06-300001588084tanh:ShangchiZhejiangIntelligentEquipmentCoLtdShangchiIntelligentEquipmentMember2024-01-012024-06-300001588084tanh:GangyuTradingJiangsuCoLtdGangyuTradingMember2024-01-012024-06-300001588084tanh:LishuiSmartNewEnergyAutomobileCoLtdLishuiSmartMember2024-01-012024-06-300001588084tanh:ZhejiangJiangshanilaiTechnologyCoLtdShangnilaiMember2024-01-012024-06-300001588084tanh:ZhejiangZhuguXingqiTechnologyCoLtdZhuguXingqiMember2024-01-012024-06-300001588084tanh:HangzhouTanboTechCoLtdTanboTechMember2024-01-012024-06-300001588084tanh:LishuiXincaiIndustrialCoMember2024-01-012024-06-300001588084tanh:ShenzhenYimaoNewEnergySalesCoLtdMember2024-01-012024-06-300001588084tanh:ShangchiAutomobileCoLtdMember2024-01-012024-06-300001588084tanh:HangzhouJiyiInvestmentManagementCoLtdMember2024-01-012024-06-300001588084tanh:HangzhouWangboInvestmentManagementCoLtdMember2024-01-012024-06-300001588084tanh:ShanghaiJiamuInvestmentManagementCoLtdMember2024-01-012024-06-300001588084tanh:EuroasiaNewEnergyAutomotiveJiangsuCoLtdMember2024-01-012024-06-300001588084tanh:TantechHoldingsLishuiCoLtdMember2024-01-012024-06-300001588084tanh:EAGInternationalVantageCapitalsLimitedMember2024-01-012024-06-300001588084tanh:USCNHKGroupLimitedMember2024-01-012024-06-300001588084tanh:TantechHoldingsLtdMember2024-01-012024-06-300001588084us-gaap:NoncontrollingInterestMember2024-06-300001588084us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-06-300001588084us-gaap:RetainedEarningsMember2024-06-300001588084tanh:StatutoryReservesMember2024-06-300001588084us-gaap:AdditionalPaidInCapitalMember2024-06-300001588084us-gaap:CommonStockMember2024-06-300001588084us-gaap:NoncontrollingInterestMember2024-01-012024-06-300001588084us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-06-300001588084us-gaap:RetainedEarningsMember2024-01-012024-06-300001588084tanh:StatutoryReservesMember2024-01-012024-06-300001588084us-gaap:AdditionalPaidInCapitalMember2024-01-012024-06-300001588084us-gaap:CommonStockMember2024-01-012024-06-300001588084us-gaap:NoncontrollingInterestMember2023-12-310001588084us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001588084us-gaap:RetainedEarningsMember2023-12-310001588084tanh:StatutoryReservesMember2023-12-310001588084us-gaap:AdditionalPaidInCapitalMember2023-12-310001588084us-gaap:CommonStockMember2023-12-3100015880842023-06-300001588084us-gaap:NoncontrollingInterestMember2023-06-300001588084us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-300001588084us-gaap:RetainedEarningsMember2023-06-300001588084tanh:StatutoryReservesMember2023-06-300001588084us-gaap:AdditionalPaidInCapitalMember2023-06-300001588084us-gaap:CommonStockMember2023-06-300001588084us-gaap:NoncontrollingInterestMember2023-01-012023-06-300001588084us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-06-300001588084us-gaap:RetainedEarningsMember2023-01-012023-06-300001588084tanh:StatutoryReservesMember2023-01-012023-06-300001588084us-gaap:AdditionalPaidInCapitalMember2023-01-012023-06-300001588084us-gaap:CommonStockMember2023-01-012023-06-3000015880842022-12-310001588084us-gaap:NoncontrollingInterestMember2022-12-310001588084us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310001588084us-gaap:RetainedEarningsMember2022-12-310001588084tanh:StatutoryReservesMember2022-12-310001588084us-gaap:AdditionalPaidInCapitalMember2022-12-310001588084us-gaap:CommonStockMember2022-12-3100015880842023-01-012023-06-3000015880842024-06-3000015880842023-12-31iso4217:USDxbrli:sharesiso4217:USDxbrli:sharesxbrli:pureiso4217:CNYtanh:integer
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 Under
the Securities Exchange Act of 1934
For the month of December 2024
Commission File Number: 001-36885
TANTECH HOLDINGS LTD |
(Registrant’s name) |
c/o Tantech Holdings (Lishui) Co., Ltd.
No. 10 Cen Shan Road, Shuige Industrial Zone
Lishui City, Zhejiang Province 323000
+86-578-226-2305
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.:
Form 20-F ☒ Form 40-F ☐
EXPLANATORY NOTE
The Registrant is furnishing this Report on Form 6-K to provide its unaudited interim financial statements for the six months ended June 30, 2024 and incorporate such financial statements into the Registrant’s registration statements referenced below.
This Form 6-K is hereby incorporated by reference into the registration statements of the Registrant on Form S-8 (File Number 333-203387), Form S-8 (File Number 333-205821), Form F-3 (File Number 333-251509) and Form F-3 (File Number 333-274274) and into each prospectus outstanding under the foregoing registration statements, to the extent not superseded by documents or reports subsequently filed or furnished by the Registrant under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.
Financial Statements and Exhibits.
The following exhibit is attached.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| TANTECH HOLDINGS LTD | |
| | | |
Date: December 31, 2024 | By: | /s/ Wangfeng Yan | |
| Name: | Wangfeng Yan | |
| Title: | Chief Executive Officer | |