Exhibit 99.1
SOS Limited
Unaudited interim condensed consolidated Statements of comprehensive of loss
(US$ thousands, except share data and per share data, or otherwise noted)
| Six months ended | ||||||||
| 30-Jun-20 | 30-Jun-21 | |||||||
| US$ | US$ | |||||||
| Revenue | ||||||||
| Business taxes and surcharges | ( | ) | ( | ) | ||||
| Net revenue | ||||||||
| Operating costs | ( | ) | ( | ) | ||||
| Gross profit | ||||||||
| Operating expenses | ||||||||
| Selling expense | - | ( | ) | |||||
| G&A expense | ( | ) | ( | ) | ||||
| Finance expense | ( | ) | ||||||
| Total operating expenses | ( | ) | ( | ) | ||||
| Operating loss | ( | ) | ( | ) | ||||
| Non-operating income | ||||||||
| Loss on acquisition | ( | ) | ||||||
| Total other (expenses)/income | ( | ) | ||||||
| Total operating loss before tax | ( | ) | ( | ) | ||||
| Income tax expense | ( | ) | ( | ) | ||||
| Net loss from continuing operations | ( | ) | ( | ) | ||||
| Net loss from discontinued operation | ( | ) | ||||||
| Minority interest | ||||||||
| Net loss | ( | ) | ( | ) | ||||
| Preferred dividends | ||||||||
| Net loss attributible to ordinary shareholders | ( | ) | ( | ) | ||||
| Foreign currency translation adjustment-net of tax | ( | ) | ||||||
| Comprehensive of loss | ( | ) | ( | ) | ||||
| Weighted average number of ordinary shares | ||||||||
| Basic | | |||||||
| *Diluted | ||||||||
| EARNINGS PER SHARE | ||||||||
| Basic | ( | ) | ( | ) | ||||
| *Diluted | ||||||||
| *N/A Anti-diluted shares not considered | ||||||||
| Six months ended | ||||||||
| 30-Jun-20 | 30-Jun-21 | |||||||
| US$‘000’ | US$‘000’ | |||||||
| None -GAAP adjusted (loss)/profit before income tax expense | ( | ) | ( | ) | ||||
SOS Limited
Unaudited Condensed Consolidated Balance Sheet
(US$ thousands, except share data and per share data, or otherwise noted)
| 30-Jun-20 | 30-Jun-21 | |||||||
| Assets | ||||||||
| Cash and cash equivlaents | ||||||||
| Receivables | ||||||||
| Inventory | ||||||||
| Prepayment and other assets | ||||||||
| Due from related parties | ||||||||
| Contract assets | ||||||||
| Intangible assets | ||||||||
| Total current assetes | ||||||||
| Property equipment and software-net | ||||||||
| Goodwill | ||||||||
| Operating lease Right of use assets-net | ||||||||
| Assets of discontinued group | ||||||||
| Total assets | ||||||||
| Liabilities and Shareholder’s Equity | ||||||||
| Liabilities: | ||||||||
| Accrued liabilities | ( | ) | ||||||
| Accounts payble | ||||||||
| Tax payable | ( | ) | ( | ) | ||||
| Other payables | ( | ) | ||||||
| Due to related parties | ||||||||
| Contract liability | ||||||||
| Operating lease liability-current | ||||||||
| Total current liabilities | ( | ) | ||||||
| Operating lease liabilty-noncurrent | ||||||||
| Liabilities of discontinued group | ||||||||
| Total liabilities | ( | ) | ||||||
| Paid up capital | ||||||||
| Additional paid-in capital | ||||||||
| Retained earnings | ||||||||
| Current year net profit/(loss) | ( | ) | ( | ) | ||||
| Other comprehensive income | ( | ) | ||||||
| Total Shareholders’ Equity | ||||||||
| Minority Interest | ( | ) | ||||||
| Total Liabilities and Shareholders’ Equity | ||||||||
2
SOS Limited
Unaudited condensed consolidated statement of cash flow
(US$ thousands, except share data and per share data, or otherwise noted)
| 30-Jun-20 | 30-Jun-21 | |||||||
| Cash flows from operating activities: | ||||||||
| Net (loss) | ( | ) | ( | ) | ||||
| Adjustments: | ||||||||
| Depreciation and amortization | ||||||||
| Share-based compensation | ||||||||
| Loss on acquisition | ||||||||
| Inventory | ( | ) | ||||||
| Receivables, prepayments and other assets | ( | ) | ( | ) | ||||
| Due from RPTs | ( | ) | ||||||
| Intangible assets | ( | ) | ||||||
| Accrued liabilities | ||||||||
| Accounts payable | ( | ) | ||||||
| Tax payable | ( | ) | ( | ) | ||||
| Other payables | ( | ) | ||||||
| Due to RPTs | ||||||||
| Contract liability and lease liability | ||||||||
| Net cash used in operating activities from discontinued opeation | ||||||||
| Net cash used in operating activities | ( | ) | ||||||
| Cash flows from investing activities: | ||||||||
| Purchase of property, equipment and software | ( | ) | ( | ) | ||||
| Disposition of assets P2P | ||||||||
| Investment in equity | ( | ) | ||||||
| Net cash used in investing activities | ( | ) | ( | ) | ||||
| Cash flows from financing activities: | ||||||||
| Proceeds from share issuance | ||||||||
| Proceeds from private equity placement | ||||||||
| Net cash provided by financing activities | ||||||||
| Exchange gain/(loss) | ||||||||
| Net increase/(decrease), effect of exchange rate changes on cash and cash equivalent | ||||||||
| Cash and cash equivalent at beginning of the period | ||||||||
| Cash and cash equivalent at end of the period | ||||||||
Notes
1.Non-GAAP adjustments and Non-GAAP results
| Six months ended | ||||||||
| 30-Jun-20 | 30-Jun-21 | |||||||
| US$‘000’ | US$‘000’ | |||||||
| None -GAAP adjusted (loss)/profit before income tax expense | ( | ) | ( | ) | ||||
The add-back adjustment was mainly associated with share-based compensation
expenses of $
3