Prepaid Expenses and Other Current Assets, Net

12 Months Ended

Dec. 31, 2022

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Prepaid Expenses and Other Current Assets, Net

8. Prepaid Expenses and Other Current Assets, Net

Prepaid expenses and other current assets, net as of December 31, 2022 and 2021 consisted of the following:

	December 31,		December 31,
	2022		2021
Deposit and prepayment, net of provision of $10,090 and $10,564, respectively (a)	$	6,333	$	7,726
Other receivable, net of provision of $3,409 and $2,306, respectively (b)		1,300		1,858
Total prepaid expenses and other current assets, net	$	7,633	$	9,584

(a) Deposit and Prepayment

Deposit and prepayment as of December 31, 2022 primarily include: i) purchase deposit and rent deposit of $3,865 (December 31, 2021: $2,506); ii) prepayment made to vendors to purchase PV modules, raw materials and prepaid insurance expense of $2,468 (December 31, 2021: $5,166).

(b) Other receivable

Other receivable as of December 31, 2022 mainly included: value-added tax recoverable of Australia of $840 (December 31, 2021: $97). Other receivable as of December 31, 2021 mainly included: operational fund lent to a third party, Tocoo Corporation with no interest bearing of $1,389, which were fully impaired in 2022.

During the years ended December 31, 2022 and 2021, provision for prepaid and other current assets of $1,574 and nil were recorded, respectively.