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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 68,707,541 $ 62,951,607
Short-term investments 251,600,000 200,350,000
Accounts receivable 3,917,134 89,708
Inventories 889,434 3,822
Prepayments and other current assets 4,190,512 5,749,260
Total current assets 329,304,621 269,144,397
Restricted cash, non-current 510,218  
Investments in equity investees 2,648,101 3,149,855
Prepayments for equipment 394,732 275,853
Property and equipment, net 20,450,785 20,494,482
Operating lease right-of-use assets 14,831,960  
Land use rights 7,500,231  
Intangible assets, net 1,123,651 321,566
Long term deposits 443,054 556,738
Value added tax recoverable 14,421,359 8,044,258
Total assets 391,628,712 301,987,149
Current liabilities:    
Short-term borrowings 6,362,312 3,642,616
Accounts payable 20,456,435 37,432,035
Current operating lease liabilities 3,789,064  
Other payables 10,442,783 7,766,843
Total current liabilities 41,050,594 48,841,494
Deferred income 2,762,026 2,063,942
Non-current operating lease liabilities 10,703,104  
Total liabilities 54,515,724 50,905,436
Commitments and contingencies (Note 15)
Shareholders' equity    
Ordinary shares (par value of US$0.00006 per share; 83,333,333 shares authorized, 58,006,967 and 67,753,168 shares issued and outstanding as of December 31,2018 and September 30, 2019, respectively) 4,065 3,481
Additional paid-in capital 728,405,891 498,043,011
Accumulated deficit (398,267,178) (249,626,508)
Accumulated other comprehensive income 6,970,210 2,661,729
Total shareholders' equity 337,112,988 251,081,713
Total liabilities and shareholders' equity $ 391,628,712 $ 301,987,149