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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 153,966,777 $ 261,069,414
Restricted cash 130,024 595,548
Accounts receivable, net 565,398 2,047,560
Inventories 31,843,371 8,139,816
Prepayment and other current assets 16,138,330 7,989,607
Amounts due from related parties - current 366,936 1,232,634
Total current assets 203,010,836 281,074,579
Non-current assets:    
Equity method investments 5,325,741 329,197
Investment in equity securities 29,759,195 0
Property, plant and equipment, net 14,962,591 1,301,226
Intangible assets, net 4,563,792 3,313
Right-of-use assets 8,187,149 1,669,381
Amount due from related parties - non-current 0 4,834,973
Other non-current assets, net 2,039,012 2,151,700
Total non-current assets 64,837,480 10,289,790
Total Assets 267,848,316 291,364,369
Current liabilities:    
Accounts payable 3,383,021 3,678,823
Accrued expenses and other current liabilities 5,048,641 4,183,263
Contractual liabilities 2,388,480 1,943,623
Operating lease liabilities, current 1,313,334 839,330
Convertible promissory notes 57,372,827 0
Deferred government grant, current 26,533 0
Amounts due to related parties 716,372 15,756,028
Total current liabilities 70,249,208 26,401,067
Non-current liabilities:    
Other non-current liabilities 0 700,000
Deferred government grant, non-current 497,484 0
Derivative liability - investor warrant 14,334,104 0
Derivative liability - placement agent warrant 3,456,404 0
Operating lease liabilities, non-current 7,421,582 489,997
Total non-current liabilities 25,709,574 1,189,997
Total liabilities 95,958,782 27,591,064
Commitments and contingencies
EQUITY    
Ordinary shares (No par value; 300,841,995 and 261,256,254 shares issued and outstanding as of December 31, 2022 and 2021, respectively) 0 0
Additional paid in capital 397,497,817 374,901,939
Accumulated deficit (219,824,176) (109,735,935)
Accumulated other comprehensive loss (5,306,972) (1,392,699)
Total equity attributable to shareholders 172,366,669 263,773,305
Non-controlling interests (477,135) 0
Total Equity 171,889,534 263,773,305
Total Liabilities and Equity $ 267,848,316 $ 291,364,369