Exhibit 99.1

SPI ENERGY CO., LTD.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except for share and per share data)

	June 30, 2019			December 31, 2018
ASSETS
Current assets:
Cash and cash equivalents	$	8,662		$	4,141
Restricted cash		177			458
Accounts receivable, net		25,459			27,777
Notes receivable		247			526
Inventories, net		13,333			11,906
Project assets		20,130			24,654
Prepaid expenses and other current assets, net		7,831			4,382
Amount due from related parties		6			39
Total current assets		75,845			73,883
Intangible assets		1,520			1,801
Goodwill		1,339			651
Other receivable, noncurrent		835			832
Notes receivable, noncurrent		–			4,297
Property, plant and equipment, net		24,470			21,150
Project assets, noncurrent		16,368			16,368
Investment in affiliates		69,606			69,606
Deferred tax assets, net		134			140
Right-of-use assets		2,744			–
Total assets	$	192,861		$	188,728
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	19,670		$	16,271
Accrued liabilities		16,899			16,495
Income taxes payable		453			293
Advance from customers		17,654			25,984
Short-term borrowings and current portion of long-term borrowings		2,886			3,166
Convertible bonds		49,574			41,600
Amount due to related parties		–			79
Lease liability		496			–
Other current liabilities		66,369			62,643
Total current liabilities		174,001			166,531
Convertible bonds, noncurrent		6,700			13,400
Long-term borrowings, excluding current portion		6,414			6,674
Deferred tax liabilities, net		884			515
Other noncurrent liabilities		1,538			1,538
Lease liability - noncurrent		2,119			–
Total liabilities		191,656			188,658
Equity:
Ordinary shares, par $0.0001, 500,000,000 shares authorized, 14,606,125 and 7,914,125 shares issued and outstanding as of June 30, 2019 and December 31, 2018, respectively		1			1
Additional paid in capital		610,480			601,319
Accumulated other comprehensive loss		(35,327	)		(35,115	)
Accumulated deficit		(577,974	)		(570,126	)
Total deficit attributable to the shareholders of SPI Energy Co., Ltd.		(2,820	)		(3,921	)
Noncontrolling interests		4,025			3,991
Total equity		1,205			70
Total liabilities and equity	$	192,861		$	188,728

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SPI ENERGY CO., LTD.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except for share and per share data)

	For the Six Months Ended June 30,
	2019			2018
Net sales	$	49,727		$	50,637
Cost of goods sold		44,148			45,089
Gross profit		5,579			5,548
Operating expenses:
General and administrative		10,640			5,041
Sales, marketing and customer service		1,242			463
Provision for doubtful accounts		175			–
Total operating expenses		12,057			5,504
Operating (loss) income		(6,478	)		44
Other expense (income):
Interest expense, net		1,508			3,979
Net foreign exchange gain		(179	)		(1,333	)
Others		(205	)		(184	)
Total other expense, net		1,124			2,462
Loss from continuing operations before income taxes		(7,602	)		(2,418	)
Income tax expense		205			82
Loss from continuing operations including noncontrolling interests (A)	$	(7,807	)	$	(2,500	)
Loss from discontinued operations, net of tax (B)		–			(3,017	)
Net loss including noncontrolling interests	$	(7,807	)	$	(5,517	)
Less: Net income (loss) attributable to noncontrolling interests from continuing operations (C)		41			(21	)
Less: Net income (loss) attributable to noncontrolling interests from discontinued operations (D)		–			(8	)
Net loss attributable to shareholders of SPI Energy Co., Ltd. from continuing operations (A-C)		(7,848	)		(2,479	)
Net loss attributable to shareholders of SPI Energy Co., Ltd. from discontinued operations (B-D)		–			(3,009	)
Net loss attributable to shareholders of SPI Energy Co., Ltd.	$	(7,848	)	$	(5,488	)
Net loss from continuing operations per ordinary share:
Basic and Diluted	$	(0.7	)	$	(0.3	)
Net loss from discontinued operations per ordinary share:
Basic and Diluted	$	–		$	(0.4	)
Weighted average shares outstanding
Basic and Diluted		10,811,053			7,259,788

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