v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 21,838,471 $ 1,264,463
Restricted cash 6,311,630 8,096,121
Accounts receivable, net 9,941,071 28,992,149
Notes receivable 3,309,930 2,381,940
Inventories, net 24,110,221 17,660,390
Prepaid expenses and other current assets 5,969,432 4,073,702
TOTAL CURRENT ASSETS 72,243,229 63,010,873
NON-CURRENT ASSETS    
Long-term prepayments and other non-current assets 2,639,707 3,039,185
Plant, property and equipment, net 63,945,861 60,503,274
Land use rights, net 13,118,020 9,197,978
Intangible assets, net 217,303 71,909
Long-term investments, net 2,246,308 2,007,957
Finance lease right-of-use assets 2,026,021 5,191,856
TOTAL NON-CURRENT ASSETS 84,193,220 80,012,159
TOTAL ASSETS 156,436,449 143,023,032
CURRENT LIABILITIES    
Accounts payable 36,814,691 49,959,735
Note payable 5,766,157 16,091,959
Short-term loan 5,862,922 1,643,993
Deferred revenue 1,525,314 1,809,366
Deferred government subsidy 3,645,737 3,049,607
Income taxes payable 505,150 491,745
Finance lease liabilities, current 336,191 1,603,694
Long-term loan, current 29,375,697 485,556
Long-term payable, current 298,996 3,231,126
Consideration payable, current 1,397,337 801,866
Advance of subscription payment 9,709,571
Accrued expenses and other current liabilities 3,262,986 3,391,157
TOTAL CURRENT LIABILITIES 100,665,426 86,756,609
NON-CURRENT LIABILITIES    
Long-term loan, non-current 39,559,052 26,410,701
Finance lease liabilities, non-current 629,053
Long term payable, non-current 122,409 403,726
Consideration payable, non-current 1,338,719
Deferred tax liabilities, net 197,392 189,551
TOTAL NON-CURRENT LIABILITIES 39,878,853 28,971,750
TOTAL LIABILITES 140,544,279 115,728,359
COMMITMENTS AND CONTINGENCIES (Note 25)
EQUITY    
Subscription receivable (100,000)
Additional paid-in capital 45,764,415 32,175,698
Warrant 910,593
Statutory reserves 2,481,963 2,477,940
Accumulated deficits (58,883,066) (42,243,463)
Accumulated other comprehensive loss (2,381,764) (2,577,144)
TOTAL SHAREHOLDERS’ DEFICIT ATTRIBUTABLE TO E-POWER INC. ORDINARY SHAREHOLDERS (12,103,987) (10,264,271)
Non-controlling interests 27,996,157 37,558,944
TOTAL EQUITY 15,892,170 27,294,673
TOTAL LIABILITIES AND EQUITY 156,436,449 143,023,032
Class A Ordinary Shares    
EQUITY    
Ordinary shares value [1] 3,215 2,041
Class B Ordinary Shares    
EQUITY    
Ordinary shares value [1] 657 657
Related Party [Member]    
CURRENT ASSETS    
Due from related parties 762,474 542,108
CURRENT LIABILITIES    
Due to related parties $ 2,164,677 $ 4,196,805
[1] Retrospectively restated for effect of share re-designation on April 8, 2024 (see Note 23).