v3.25.1
Acquisition of Subsidiaries - Schedule of Aggregate Fair Values of the Assets Acquired and Liabilities Assumed (Details)
Nov. 26, 2021
USD ($)
Schedule of Aggregate Fair Values of the Assets Acquired and Liabilities [Abstract]  
Cash and bank $ 7,323,654
Debts product 3,144
Trade and bills receivable, net 37,759,688
Inventories 13,616,922
Prepayments and other receivables 1,384,029
Income tax recoverable 47,138
Amount due from trustee 11,788,931
Property, plant and equipment, net 21,190,890
Construction in progress 2,502,757
Intangible assets, net 1,957,187
Prepaid land use rights, noncurrent 6,276,898
Leased assets, net 48,394
Deferred tax assets 1,715,998
Short term bank loan (8,802,402)
Other short term loans – CBAK Power (20,597,522)
Trade accounts and bills payable (38,044,776)
Accrued expenses and other payables (7,439,338)
Deferred government grants (290,794)
Land appreciation tax (464,162)
Deferred tax liabilities (333,824)
Net assets 29,642,812
Less: Waiver of dividend payable 1,250,181
Total net assets acquired 30,892,993
Non-controlling interest (24.43%) (7,547,158)
Goodwill 1,606,518
Total identifiable net assets $ 24,952,353