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CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (73,021,930) $ (44,908,617)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 2,195,025 2,010,863
Amortization of operating lease right-of-use asset 1,929,089 4,638,315
Written-down of inventories 2,554,421 6,462,514
Provision for credit losses 6,038,031 393,873
Loss from note amendment 1,756,137 0
Impairment of goodwill 0 209,130
Gain on exercise of warrants 0 (900)
Changes in fair value of convertible promissory notes and derivative liabilities 8,474,719 (7,194)
Changes in fair value of equity securities 26,604,319 (1,019,285)
Foreign currency exchange loss, net (58,488) 1,118,313
Share-based compensation expense 2,827,050 3,370,634
(Gain) loss from disposal of plant and equipment (38,306) 248,472
Loss from early termination of lease contract 717,633 2,218,120
Loss from long-term investments 97,854 293,658
Loss on inventory write-off 2,892,133 0
Gain from disposal of Cenntro Electric CICS, S.R.L.’s equity (1,157,556) 0
Income from short-term investment 20,225 (89,992)
Loss from acquisition of Hezhe 0 149,872
Deferred income taxes (49,955) (47,851)
Changes in operating assets and liabilities:    
Accounts receivable 57,458 1,258,199
Inventories 118,307 7,927,826
Prepayment and other assets 3,671,027 (195,403)
Other non-current assets 310,865 0
Amounts due from/to related parties 87,481 289,221
Accounts payable 259,355 1,027
Accrued expense and other current liabilities 2,425,015 (1,707,980)
Contractual liabilities (689,727) 491,082
Operating lease liabilities (639,698) (4,466,209)
Net cash used in operating activities (12,619,516) (21,362,312)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of short-term investment 0 (4,169,142)
Purchase of long-term time deposit 0 (700,000)
Net of cash decrease from disposal of Cenntro Electric CICS, S.R.L. (10,723) 0
Proceeds from maturities of short-term investment 0 8,433,719
Purchase of plant and equipment (756,326) (846,115)
Loans provided to third parties (504,145) 0
Repayment of loans from third parties 183,387 0
Loans provided to related parties (27,826) 0
Repayment of loans from related parties 27,826 0
Net of cash acquired of 60% of Hezhe’s equity interests 0 (355,400)
Cash dividend received 0 55,573
Proceeds from disposal of property, plant and equipment 221,140 79,475
Redemption of equity securities investment 0 1,573,441
Net cash (used in) provided by investing activities (866,667) 4,071,551
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from bank loans 3,181,356 662,836
Repayments of bank loans (809,810) (50,836)
Loans proceed from third parties 2,074,583 708,832
Repayment of loans from third parties (388,266) (90,000)
Loans proceed from related parties 1,000,000 0
Repayment of loans to related parties (160,000) 0
Net cash provided by financing activities 4,897,863 1,230,832
Effect of exchange rate changes on cash, cash equivalents and restricted cash 315,023 (551,480)
Net decrease in cash, cash equivalents and restricted cash (8,273,297) (16,611,409)
Cash, cash equivalents and restricted cash at beginning of year 12,960,488 29,571,897
Cash, cash equivalents and restricted cash at end of year 4,687,191 12,960,488
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 4,483,906 12,547,168
Restricted cash 154,422 273,291
Cash, cash equivalents and restricted cash at end of year, held for sale 48,863 140,029
Total cash, cash equivalents and restricted cash shown in the statement of cashflow 4,687,191 12,960,488
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 26,019 577,442
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cashless exercise of warrants 12,487,838 49,076
Conversion of convertible bonds into shares 16,668,202 0
Acquisition of EEE Truck Solutions Group Inc.’s shares with electric vehicles $ 693,780 $ 0