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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash used in operating activities $ (45,588,906) $ (47,671,865)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equity investment (680,932) (3,616,188)
Purchase of equity securities 0 (5,000,000)
Purchase of plant and equipment (7,329,509) (1,479,712)
Purchase of land use right and property (2,183,430) (16,764,322)
Purchase of other intangible assets (7,502) 0
Payment of expense for Acquisition of CAE's equity interests 0 (348,987)
Proceeds from disposal of property, plant and equipment 842 314
Loans provided to third parties (790,000) (1,276,617)
Repayment of loans from related parties 0 281,436
Net cash used in investing activities (12,913,713) (30,698,093)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of loans to related parties 0 (1,734,016)
Repayment of loans to third parties 0 (1,128,070)
Repayment of bank loans (602,477) 0
Purchase of CAE's loan 0 (13,228,101)
Reduction of capital 0 (13,930,000)
Proceed from issuance of convertible promissory notes 0 54,069,000
Redemption of convertible promissory notes (47,534,119) 0
Proceed from exercise of share-based awards 0 14,386
Payment of expense for the reverse recapitalization 0 (904,843)
Net cash (used in) provided by financing activities (48,136,596) 23,158,356
Effect of exchange rate changes on cash (2,614,204) (5,456,870)
Net decrease in cash, cash equivalents and restricted cash (109,253,419) (60,668,472)
Cash, cash equivalents and restricted cash at beginning of period 154,096,801 261,664,962
Cash, cash equivalents and restricted cash at end of period 44,843,382 200,996,490
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 1,200,673 371,999
Income tax paid 4,829 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Convention from debt to equity interest of HW Electro Co., Ltd. 1,000,000 0
Cashless exercise of warrants 2,168,185 0
CAE [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of equity interests (1,924,557) (3,612,717)
Cash acquired from acquisition 0 1,118,700
Antric GmbH [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of equity interests (1) 0
Cash acquired from acquisition $ 1,376 $ 0