Exhibit 99.1
SOS Limited
Interim Condensed Consolidated Balance Sheet
(US$ thousands, except share data and per share data, or otherwise noted)
Twelve months ended | Six months ended | |||||||
31-Dec-21 | 30-Jun-22 | |||||||
Audited | Unaudited | |||||||
$ | $ | |||||||
Current assets: | ||||||||
Cash and cash equivalents | ||||||||
Accounts receivable - net | ||||||||
Inventory | ||||||||
Other receivables - net | ||||||||
Amount due from related parties | ||||||||
Tax recoverable | ||||||||
Intangible assets | ||||||||
Total current assets | ||||||||
Non-current assets: | ||||||||
Property equipment and software-net | ||||||||
Goodwill | ||||||||
Operating lease, right of use assets-net | ||||||||
Total non-current assets | ||||||||
Total assets | ||||||||
Liabilities and Shareholder’s Equity | ||||||||
Liabilities: | ||||||||
Accrued liabilities | ||||||||
Accounts payable | ||||||||
Tax payable | - | |||||||
Other payables | ||||||||
Amount due to related parties | ||||||||
Contract liability | ||||||||
Operating lease liability-current | ||||||||
Total current liabilities | ||||||||
Operating lease liability-non-current | ||||||||
Total non-current liabilities | ||||||||
Total liabilities | ||||||||
Shareholder’s Equity | ||||||||
Paid up capital | ||||||||
Additional paid-in capital | ||||||||
Retained earnings/(accumulated deficit) | ( | ) | ||||||
Current year net loss | ( | ) | ( | ) | ||||
Other comprehensive income/(loss) | ( | ) | ||||||
Total Shareholders’ Equity | ||||||||
Non-controlling interest | ( | ) | ||||||
Total Liabilities and Shareholders’ Equity |
SOS Limited
Interim Condensed Consolidated Statements of Comprehensive Loss
(US$ thousands, except share data and per share data, or otherwise noted)
Six months ended | ||||||||
30-Jun-21 | 30-Jun-22 | |||||||
Unaudited | Unaudited | |||||||
$ | $ | |||||||
Revenue | ||||||||
Business taxes and surcharges | ( | ) | ( | ) | ||||
Net revenue | ||||||||
Operating costs | ( | ) | ( | ) | ||||
Gross profit | ||||||||
Gross profit ratio | % | % | ||||||
Operating expenses | ||||||||
Selling expense | ( | ) | ( | ) | ||||
G&A expense | ( | ) | ( | ) | ||||
Share-based compensation | ( | ) | ( | ) | ||||
Finance expense | - | |||||||
Total operating expenses | ( | ) | ( | ) | ||||
Income from operations | ( | ) | ( | ) | ||||
Other income (expenses): | ||||||||
Other income (expenses), net | ||||||||
Total other (expenses) income, net | ||||||||
Loss before income taxes | ( | ) | ( | ) | ||||
Income tax expense | ( | ) | ( | ) | ||||
Net loss - continuing operations | ( | ) | ( | ) | ||||
Non-controlling interest | ||||||||
Net Loss | ( | ) | ( | ) | ||||
Other comprehensive loss: | ||||||||
Foreign currency translation adjustment-net of tax | ( | ) | ( | ) | ||||
Total comprehensive loss | ( | ) | ( | ) | ||||
Weighted average number of ordinary shares | ||||||||
Basic | ||||||||
Diluted* | ||||||||
LOSS PER SHARE | ||||||||
Basic | ( | ) | ( | ) | ||||
Diluted* |
Note 1:*N/A Anti-diluted shares not considered
Six months ended | ||||||||
30-Jun-21 | 30-Jun-22 | |||||||
US$ 000 | US$ 000 | |||||||
None-GAAP adjusted (loss)/profit before income tax expense | ( |
) |
Note 2 The add-back adjustment was mainly associated with share-based compensation expenses of $17.9 million for the period of six months ended June 30, 2021 and $14.5 million for the six months ended June 30, 2022 respectively.
2
SOS Limited
Interim Condensed Consolidated Statement of Cash Flow
(US$ thousands, except share data and per share data, or otherwise noted)
Six months ended | Six months ended | |||||||
30-Jun-21 | 30-Jun-22 | |||||||
Unaudited | Unaudited | |||||||
$ | $ | |||||||
Cash flows from operating activities: | ||||||||
Net (loss) | ( | ) | ( | ) | ||||
Adjustments: | ||||||||
Depreciation and amortization | ||||||||
Share-based compensation | ||||||||
Allowance for doubtful accounts-accounts receivable | ||||||||
Allowance for doubtful accounts-other receivable | ||||||||
Inventory | ( | ) | ||||||
Accounts receivable | ||||||||
Other receivables | ( | ) | ( | ) | ||||
Amount due from related parties | ( | ) | ( | ) | ||||
Intangible assets | ( | ) | ( | ) | ||||
Accrued liabilities | ( | ) | ||||||
Accounts payable | ( | ) | ||||||
Tax payable | ( | ) | ( | ) | ||||
Other payables | ( | ) | ||||||
Amount due to related parties | ||||||||
Contract liability | ||||||||
Lease liabilities | - | |||||||
Net cash used in operating activities | ( | ) | ( | ) | ||||
Cash flows from investing activities: | ||||||||
Purchase of property, equipment and software | ( | ) | - | |||||
Proceeds from disposal of property, equipment and software | - | |||||||
Disposition of assets-P2P | ||||||||
Net cash (used in)/generated from investing activities | ( | ) | ||||||
Cash flows from financing activities: | ||||||||
Proceeds from share issuance, net of issuance costs | ||||||||
Net cash generated from financing activities | ||||||||
Effect of exchange rates on cash and cash equivalents | ( | ) | ||||||
Net increase/(decrease) on cash and cash equivalents | ( | ) | ||||||
Cash and cash equivalents at beginning of the period | ||||||||
Cash and cash equivalents at end of the period | ||||||||
Supplemental cash flow information | ||||||||
Cash paid for income tax |
3