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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 4,516 $ 3,533
Restricted cash 1,374 6,743
Accounts receivable, net 24,553 22,691
Contract asset 469 1,403
Inventories 35,288 28,987
Project assets held for sale 6,135 10,634
Prepaid expenses and other current assets, net 9,395 7,633
Amount due from related parties 407 332
Total current assets 82,137 81,956
Intangible assets, net 2,148 2,587
Goodwill 4,896 4,896
Restricted cash, noncurrent 0 711
Other receivable, noncurrent 423 234
Property and equipment, net 41,964 41,556
Project assets, noncurrent 15,507 14,918
Investment in an affiliate 69,606 69,606
Net investment in leases 217 0
Operating lease right-of-use assets 12,714 14,152
Deferred tax assets, net 927 479
Total assets 230,539 231,095
Current liabilities:    
Accounts payable 38,091 30,405
Accrued liabilities 14,608 15,972
Income taxes payable 3,777 3,511
Advance from customers 7,905 8,634
Deferred income 649 503
Short-term borrowings and current portion of long-term borrowings 7,520 10,064
Amount due to an affiliate 10,567 10,548
Convertible bonds, current 45,250 42,676
Derivative liability 4,289 3,406
Accrued warranty reserve 849 754
Operating lease liabilities, current 1,589 1,607
Consideration payable 63,726 61,617
Total current liabilities 198,820 189,697
Long-term borrowings, excluding current portion 6,692 6,597
Convertible bonds, noncurrent 1,170 0
Deferred tax liabilities, net 2,596 2,673
Operating lease liabilities, non-current 13,053 14,256
Total liabilities 222,331 213,223
Equity:    
Ordinary shares, par $0.0001, 500,000,000 shares authorized, 30,292,960 and 30,292,960 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 3 3
Additional paid in capital 720,718 719,697
Accumulated other comprehensive loss (35,534) (36,697)
Accumulated deficit (682,691) (670,811)
Total equity attributable to the shareholders of SPI Energy Co., Ltd. 2,496 12,192
Noncontrolling interests 5,712 5,680
Total equity 8,208 17,872
Total liabilities and equity $ 230,539 $ 231,095