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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 3,162 $ 3,190
Accounts receivable   219
Prepaid expenses and other current assets 43,624 27,586
Inventories   20,990
Total current assets 46,786 51,985
Property and equipment, net 45 153
Right-of-use assets 74 2,252
Other non-current assets 1,562  
Total non-current assets 1,681 2,405
TOTAL ASSETS 48,467 54,390
Current liabilities:    
Accounts payable 402 4,122
Short-term debt 15,257 16,630
Accrued expenses and other current liabilities 14,683 17,302
Amounts due to related parties 2,960 4,214
Advance from customers 1,863 1,677
Income tax payable 4,042 5,319
Lease liabilities - current 39 1,785
Warrant liability 1,690  
Total current liabilities 40,936 51,049
Long-term liabilities:    
Lease liabilities - non-current 26 810
Total non-current liabilities 26 810
TOTAL LIABILITIES 40,962 51,859
Commitments and contingencies
Equity (Deficit)    
Ordinary shares, 200,000,000 and 500,000,000 shares authorized at par value of $0.0001 each, 59,150,341 and 64,112,855 shares issued and outstanding as of December 31, 2019 and 2020, respectively(i) [1] 6 5
Additional paid-in capital(i) [1] 196,335 186,450
Accumulated deficit (197,492) (192,189)
Statutory reserves 4,004 4,004
Accumulated other comprehensive loss (2,908) (2,840)
Total Kaixin Auto Holdings' shareholders' equity (deficit) (55) (4,570)
Noncontrolling interest 7,560 7,101
Total equity 7,505 2,531
TOTAL LIABILITIES AND EQUITY $ 48,467 $ 54,390
[1] Par value of ordinary shares, additional paid-in capital and share data have been retroactively restated to give effect to the reverse recapitalization discussed in Note 1(a)