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Unaudited condensed consolidated balance sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 680,820 $ 964,100
Short-term investments 575,274 445,000
Accounts receivable (net of allowance for credit loss of $8 and $11 as of June 30, 2022 and December 31, 2021, respectively) 27,054 47,474
Notes receivable 10,968 7,335
Inventories, net 23,339 18,951
Value added tax recoverable - current 219 0
Prepayments and other current assets 17,973 18,021
Total current assets 1,335,647 1,500,881
Restricted cash, non-current 803 803
Long term investments (including the fair value measured investment of $2,827 and $15,383 as of June 30, 2022 and December 31, 2021, respectively) 2,827 15,605
Prepayments for equipment 4,542 989
Property and equipment, net 46,419 43,102
Operating lease right-of-use assets 18,596 14,189
Land use rights, net 7,286 7,811
Intangible assets, net 1,673 1,848
Long-term deposits 947 870
Value added tax recoverable 37 23,858
Total assets 1,418,777 1,609,956
Current liabilities:    
Accounts payable 108,443 126,163
Current operating lease liabilities 6,824 5,927
Other current liabilities 53,610 60,811
Total current liabilities 168,877 192,901
Deferred income 24,775 27,486
Non-current operating lease liabilities 12,960 9,613
Total liabilities 206,612 230,000
Commitments and contingencies (Note 14)
Shareholders’ equity    
Ordinary shares (par value of $0.000006 per share; 5,000,000,000 shares authorized; 960,520,140 and 955,363,980 shares issued as of June 30, 2022 and December 31, 2021, respectively; 958,494,830 and 954,981,050 shares outstanding as of June 30, 2022 and December 31, 2021, respectively) 6 6
Additional paid-in capital 2,857,202 2,825,948
Accumulated deficit (1,638,401) (1,418,074)
Accumulated other comprehensive income (loss) 4,487 (23,645)
Treasury Stock (at cost, 2,025,310 and 382,930 shares as of June 30, 2022 and December 31, 2021, respectively) (11,129) (4,279)
Total shareholders’ equity 1,212,165 1,379,956
Total liabilities and shareholders’ equity $ 1,418,777 $ 1,609,956