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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 2,659 $ 3,533
Restricted cash 1,710 6,743
Accounts receivable, net 24,118 22,691
Contract asset 953 1,403
Inventories 33,346 28,987
Project assets held for sale 10,796 10,634
Prepaid expenses and other current assets, net 7,591 7,633
Amount due from related parties 332 332
Total current assets 81,505 81,956
Intangible assets, net 2,373 2,587
Goodwill 4,896 4,896
Restricted cash, noncurrent 646 711
Other receivable, noncurrent 234 234
Property and equipment, net 41,187 41,556
Project assets, noncurrent 15,169 14,918
Investment in affiliates 69,606 69,606
Net investment in leases 217 0
Operating lease right-of-use assets 13,574 14,152
Deferred tax assets, net 884 479
Total assets 230,291 231,095
Current liabilities:    
Accounts payable 37,068 30,405
Accrued liabilities 17,750 15,972
Income taxes payable 3,003 3,511
Advance from customers 7,527 8,634
Deferred income 493 503
Short-term borrowings and current portion of long-term borrowings 7,009 10,064
Amount due to an affiliate 10,563 10,548
Convertible bonds 44,493 42,676
Derivative liability 3,634 3,406
Accrued warranty reserve 856 754
Operating lease liabilities, current 1,649 1,607
Consideration payable 62,896 61,617
Total current liabilities 196,941 189,697
Long-term borrowings, excluding current portion 6,590 6,597
Deferred tax liabilities, net 2,589 2,673
Operating lease liabilities, non-current 13,670 14,256
Total liabilities 219,790 213,223
Equity:    
Ordinary shares, par $0.0001, 500,000,000 shares authorized, 30,292,960 and 30,292,960 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 3 3
Additional paid in capital 720,314 719,697
Accumulated other comprehensive loss (35,408) (36,697)
Accumulated deficit (680,219) (670,811)
Total equity attributable to the shareholders of SPI Energy Co., Ltd. 4,690 12,192
Noncontrolling interests 5,811 5,680
Total equity 10,501 17,872
Total liabilities and equity $ 230,291 $ 231,095