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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (54,360,755) $ (112,145,263)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 1,670,980 953,872
Amortization and interest of operating lease right-of-use asset 4,495,244 1,616,853
Impairment of property, plant and equipment 431,319 550,402
Impairment of intangible assets 0 2,995,440
Reversal of deferred tax liabilities 0 (898,632)
Impairment of right-of-use assets 0 371,695
Impairment of goodwill 0 11,111,886
Written-down of inventories 658,622 2,155,400
Provision for doubtful accounts 0 5,986,308
Convertible promissory notes issuance costs 0 5,589,336
Gain (Loss) on redemption of convertible promissory notes (12,507) 7,435
Loss on exercise of warrants 228,903 0
Changes in fair value of convertible promissory notes and derivative liabilities (75,341) 37,774,928
Changes in fair value of equity securities 2,600,721 240,805
Foreign currency exchange loss, net 1,527,077 409,207
Share-based compensation expense 5,230,273 4,031,629
Loss (Gain) from disposal of plant and equipment 55,391 (10,334)
Loss from long-term investments 1,377,760 12,651
Income from short-term investment (22,918) 0
Loss from acquisition of Antric 136,302 0
Deferred income taxes (15,930) 0
Changes in operating assets and liabilities:    
Accounts receivable (5,871,181) 233,570
Inventories (12,178,463) (20,483,127)
Prepayment and other assets (4,624,170) (6,753,851)
Amounts due from/to related parties 11,799 (1,190,573)
Accounts payable 3,100,835 (2,144,725)
Accrued expense and other current liabilities (1,325,504) 1,358,858
Contractual liabilities 2,516,789 633,825
Long-term payable 0 (700,000)
Operating lease assets and liabilities (4,012,410) (1,108,721)
Net cash used in operating activities (58,457,164) (69,401,126)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equity investment (880,932) (4,256,276)
Purchase of convertible note from Acton (600,000) 0
Purchase of wealth management products purchased from banks (4,236,740) 0
Purchase of land, plant and equipment (7,636,020) (3,285,072)
Purchase of land use rights and property (1,114,943) (16,456,355)
Payment of expense for acquisition of CAE's equity interests 0 (348,987)
Purchase of equity securities 0 (30,000,000)
Proceeds from disposal of property, plant and equipment 3,661 309
Loans provided to third parties 0 (1,323,671)
Repayment of loans from related parties 0 1,280,672
Net cash (used in) provided by investing activities (16,388,156) (56,883,397)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of loans to related parties 0 (1,726,614)
Repayment of loans to third parties 0 (1,113,692)
Repayments of bank loans (601,476) 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) (3,727,500)
Proceed from exercise of share-based awards 0 14,386
Payment of expense for the reverse recapitalization 0 (904,843)
Net cash provided by financing activities (48,135,595) 19,452,636
Effect of exchange rate changes on cash (1,543,989) (736,274)
Net (decrease) increase in cash, cash equivalents and restricted cash (124,524,904) (107,568,161)
Cash, cash equivalents and restricted cash at beginning of year 154,096,801 261,664,962
Cash, cash equivalents and restricted cash at end of year 29,571,897 154,096,801
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 1,468,397 369,410
Income tax paid 4,797 0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cashless exercise of warrants 2,168,185 18,549,864
Non-cash capital injection to Robostreet by i-Chassis 250,000 0
Convention from debt to equity interest of HW Electro Co., Ltd. 1,000,000 0
Non-cash recognition of new leases 14,947,878 0
CAE [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of CAE's equity interests (1,924,557) (3,612,717)
Cash acquired from acquisition of CAE 0 1,118,700
Acquisition of Antric Gmbh's equity interests (1,924,557) (3,612,717)
Cash acquired from acquisition of Antric Gmbh 0 1,118,700
Antric GmbH [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of CAE's equity interests (1) 0
Cash acquired from acquisition of CAE 1,376 0
Acquisition of Antric Gmbh's equity interests (1) 0
Cash acquired from acquisition of Antric Gmbh $ 1,376 $ 0