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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 2,764 $ 4,141
Restricted cash 239 458
Accounts receivable, net 16,539 27,777
Notes receivable 0 526
Inventories, net 13,781 11,906
Project assets, net 17,842 24,654
Prepaid expenses and other current assets, net 5,170 4,382
Amount due from related parties 154 39
Total current assets 56,489 73,883
Intangible assets, net 1,528 1,801
Goodwill 626 651
Other receivable, noncurrent 283 832
Notes receivable, noncurrent 0 4,297
Property, plant and equipment, net 31,783 21,150
Project assets, noncurrent, net 16,495 16,368
Investment in affiliates, net 69,606 69,606
Operating lease right-of-use assets 1,985 0
Deferred tax assets, net 58 140
Total assets 178,853 188,728
Current liabilities:    
Accounts payable 19,677 16,271
Accrued liabilities 9,177 16,495
Income taxes payable 561 293
Advance from customers 17,632 25,984
Short-term borrowings and current portion of long-term borrowings 2,857 3,166
Amount due to an affiliate 9,128 8,819
Convertible bonds, net of unamortized debt discount 55,907 41,600
Derivative liability 652 0
Operating lease liabilities, current 426 0
Amount due to related parties 0 79
Consideration payable 54,000 53,824
Total current liabilities 170,017 166,531
Convertible bonds, noncurrent 0 13,400
Long-term borrowings, excluding current portion 6,039 6,674
Amount due to an affiliate, noncurrent 1,728 0
Deferred tax liabilities 3,506 515
Accrued warranty reserve 1,538 1,538
Operating lease liabilities, non-current 1,500
Total liabilities 184,328 188,658
Equity (Deficit):    
Ordinary shares, par $0.0001, 500,000,000 shares authorized, 14,621,125 and 7,914,125 shares issued and outstanding as of December 31, 2019 and 2018, respectively* 1 1
Additional paid in capital 612,726 601,319
Accumulated other comprehensive loss (35,527) (35,115)
Accumulated deficit (585,384) (570,126)
Total deficit attributable to the shareholders of SPI Energy Co., Ltd. (8,184) (3,921)
Noncontrolling interests 2,709 3,991
Total (deficit) equity (5,475) 70
Total liabilities and equity $ 178,853 $ 188,728