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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 3,533 $ 9,765
Restricted cash 6,743 8,080
Accounts receivable, net 22,691 22,599
Contract asset 1,403 1,621
Inventories 28,987 23,242
Project assets 10,634 8,946
Prepaid expenses and other current assets, net 7,633 9,584
Amount due from related parties 332 230
Total current assets 81,956 84,067
Intangible assets, net 2,587 3,433
Goodwill 4,896 4,896
Restricted cash, noncurrent 711 0
Other receivable, noncurrent 234 268
Property and equipment, net 41,556 35,750
Project assets, noncurrent 14,918 15,969
Investment in affiliates 69,606 69,606
Operating lease right-of-use assets 14,152 13,923
Deferred tax assets, net 479 168
Total assets 231,095 228,080
Current liabilities:    
Accounts payable 30,405 25,612
Accrued liabilities 15,972 10,094
Income taxes payable 3,511 1,684
Advance from customers 8,634 4,210
Deferred income 503 714
Short-term borrowings and current portion of long-term borrowings 10,064 9,120
Amount due to an affiliate 10,548 10,603
Convertible bonds, net of unamortized debt discount 42,676 48,603
Derivative liability 3,406 0
Accrued warranty reserve 754 628
Operating lease liabilities, current 1,607 1,351
Consideration payable 61,617 61,219
Total current liabilities 189,697 173,838
Long-term borrowings, excluding current portion 6,597 12,800
Deferred tax liabilities, net 2,673 2,970
Operating lease liabilities, non-current 14,256 12,522
Total liabilities 213,223 202,130
Equity:    
Ordinary shares, par $0.0001, 500,000,000 shares authorized, 30,292,960 and 25,352,060 shares issued and outstanding as of December 31, 2022 and 2021, respectively 3 3
Additional paid in capital 719,697 695,073
Accumulated other comprehensive loss (36,697) (35,257)
Accumulated deficit (670,811) (637,390)
Total equity attributable to the shareholders of SPI Energy Co., Ltd. 12,192 22,429
Noncontrolling interests 5,680 3,521
Total equity 17,872 25,950
Total liabilities and equity $ 231,095 $ 228,080