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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 44,645,341 $ 153,966,777
Restricted cash 198,041 130,024
Accounts receivable, net 4,645,738 565,398
Inventories 43,081,772 31,843,371
Prepayment and other current assets 17,360,617 16,138,330
Deferred cost - current 14,281 0
Amounts due from a related party $ 210,335 $ 366,936
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Total current assets $ 110,156,125 $ 203,010,836
Non-current assets:    
long-term investment, net 3,557,697 5,325,741
Investment in equity securities 28,593,070 29,759,195
Property, plant and equipment, net 20,132,381 14,962,591
Intangible assets, net 6,384,532 4,563,792
Right-of-use assets 20,679,376 8,187,149
Deferred cost - non-current 206,700 0
Other non-current assets, net 2,152,968 2,039,012
Total non-current assets 81,706,724 64,837,480
Total Assets 191,862,849 267,848,316
Current liabilities:    
Accounts payable 4,842,645 3,383,021
Accrued expenses and other current liabilities 3,663,756 5,048,641
Contractual liabilities 3,084,737 2,388,480
Operating lease liabilities, current 4,548,226 1,313,334
Convertible promissory notes 9,953,562 57,372,827
Deferred government grant, current 52,721 26,533
Amounts due to related parties $ 37,951 $ 716,372
Other Liability, Current, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Total current liabilities $ 26,183,598 $ 70,249,208
Non-current liabilities:    
Deferred government grant, non-current 948,971 497,484
Derivative liability - investor warrant 12,191,457 14,334,104
Derivative liability - placement agent warrant 3,455,328 3,456,404
Operating lease liabilities, non-current 17,074,145 7,421,582
Total non-current liabilities 33,669,901 25,709,574
Total Liabilities 59,853,499 95,958,782
Commitments and contingencies
EQUITY    
Ordinary shares (No par value; 304,449,091 and 300,841,995 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively) 0 0
Additional paid in capital 401,672,121 397,497,817
Accumulated deficit (260,959,274) (219,824,176)
Accumulated other comprehensive loss (8,701,442) (5,306,972)
Total equity attributable to shareholders 132,011,405 172,366,669
Non-controlling interests (2,055) (477,135)
Total Equity 132,009,350 171,889,534
Total Liabilities and Equity $ 191,862,849 $ 267,848,316