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CONSOLIDATED AND COMBINED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 261,069,414 $ 4,549,034
Restricted cash 595,548 0
Accounts receivable, net 2,047,560 463,333
Inventories 8,139,816 4,207,990
Prepayment and other current assets, net 7,989,607 2,087,756
Receivable from disposal of land use rights and properties 0 7,724,138
Amounts due from related parties - current 1,232,634 1,101,144
Total current assets 281,074,579 20,133,395
Non-current assets:    
Equity investments 329,197 0
Plants and equipment, net 1,301,226 1,039,191
Intangible assets, net 3,313 45,430
Right-of-use assets, net 1,669,381 423,304
Amount due from related parties - non-current 4,834,973 0
Other non-current assets, net 2,151,700 1,117,648
Total non-current assets 10,289,790 2,625,573
Total Assets 291,364,369 22,758,968
Current liabilities:    
Accounts payable 3,678,823 3,722,686
Accrued expenses and other current liabilities 4,183,263 5,743,323
Contractual liabilities 1,943,623 1,690,837
Operating lease liabilities, current 839,330 131,014
Amounts due to related parties 15,756,028 3,248,777
Total current liabilities 26,401,067 14,536,637
Other non-current liabilities 700,000 0
Operating lease liabilities, non-current 489,997 356,143
Total liabilities 27,591,064 14,892,780
Commitments and contingencies
EQUITY    
Ordinary shares (No par value; 174,853,546 and 261,256,254 shares issued and outstanding as of December 31, 2020 and 2021) 0 0
Additional paid in capital 374,901,939 103,113,793
Accumulated deficit (109,735,935) (93,314,128)
Accumulated other comprehensive loss (1,392,699) (1,904,839)
Total equity attributable to shareholders 263,773,305 7,894,826
Non-controlling interests 0 (28,638)
Total Equity 263,773,305 7,866,188
Total Liabilities and Equity $ 291,364,369 $ 22,758,968