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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 5,809,074 $ 1,655,549
Restricted cash 896,391 2,638,468
Accounts receivable, net 13,470,610 5,167,701
Notes receivable 857,862 868,679
Inventories, net 20,858,359 18,330,516
Short-term investment 3,282,770 3,336,256
Prepaid expenses and other current assets 7,270,949 12,240,642
TOTAL CURRENT ASSETS 52,884,573 44,637,833
NON-CURRENT ASSETS    
Long term prepayments and other non-current assets 5,665,378 3,850,985
Plant, property and equipment, net 40,820,447 41,468,383
Land use rights, net 9,578,146 10,083,242
Intangible assets, net 3,462,000 3,962,650
Long-term investments 2,899,905 3,019,281
Finance lease right-of-use assets 6,152,372  
TOTAL NON-CURRENT ASSETS 68,578,248 62,384,541
TOTAL ASSETS 121,462,821 107,022,374
CURRENT LIABILITIES    
Accounts payable 19,117,749 12,259,772
Note payable 1,792,782 3,876,748
Deferred revenue 604,142 347,231
Deferred government subsidy 2,758,126 2,871,665
Short-term loan 3,447,658  
Income taxes payable 516,542 506,638
Long-term loan, current 468,881  
Long-term payable, current 4,706,517 3,706,628
Finance lease liabilities, current 2,560,943  
Consideration payable, current 569,197 582,381
Accrued expenses and other current liabilities 923,103 639,761
TOTAL CURRENT LIABILITIES 40,584,453 26,023,445
NON-CURRENT LIABILITIES    
Long-term loan, non-current 3,668,308  
Finance lease liabilities, non-current 3,548,573  
Long term payable, non-current 3,597,924 4,078,843
Consideration payable, non-current 3,285,080 3,358,906
Deferred tax liabilities, net 191,470 199,583
TOTAL NON-CURRENT LIABILITIES 14,291,355 7,637,332
TOTAL LIABILITES 54,875,808 33,660,777
MEZZANINE EQUITY    
Redeemable non-controlling interest 31,892,062 31,228,329
EQUITY    
Ordinary shares (500,000,000 shares authorized; $0.0001 par value, 25,361,550 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively) 2,536 2,536
Additional paid-in capital 34,474,550 33,789,702
Statutory reserves 2,477,940 2,477,940
Accumulated deficits (10,943,596) (6,234,447)
Accumulated other comprehensive loss (2,807,658) (1,355,358)
TOTAL SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO SUNRISE NEW ENERGY CO., LTD. ORDINARY SHAREHOLDERS 23,203,772 28,680,373
Non-controlling interests 11,491,179 13,452,895
TOTAL EQUITY 34,694,951 42,133,268
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY 121,462,821 107,022,374
Related Party    
CURRENT ASSETS    
Due from related parties 438,558 400,022
CURRENT LIABILITIES    
Deferred revenue - related parties 333,733 347,471
Due to related parties $ 2,785,080 $ 885,150