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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalent $ 9,380,322 $ 6,960,996
Restricted cash 95,252
Accounts receivable, net 14,814,583 24,217,737
Notes receivable 13,049
Due from related parties, net 2,140,593 1,496,093
Loan receivable 59,612,192 3,816,618
Prepayments, deposits and other current assets, net 1,447,752 2,035,412
Total Current Assets 87,408,491 38,622,108
Property and equipment, net 10,996,642 10,262,418
Prepayments, deposits and other assets, net 226,544 381,656
Long term investments 30,764,195
Loan receivable – long term 64,951,511
Right of use assets 211,585
Deferred tax assets 980,653 601,271
Total Assets 130,588,110 114,818,964
CURRENT LIABILITIES:    
Bank loans 2,609,755 4,393,811
Accounts payable 12,815,532 20,364,911
Accounts payable-related party   734,263
Convertible loans 9,079,966 2,251,832
Customer deposits 483,735 575,303
Deferred revenue 893,263 1,344,637
Loan from third party   470,765
Accrued expenses and other current liabilities 1,733,181 835,314
Due to related party 118,114 218,862
Taxes payable 110,843 730,924
Lease liabilities 91,587  
Total Current Liabilities 27,935,976 31,920,622
Lease liabilities - non-current 101,992  
Total Liabilities 28,037,968 31,920,622
COMMITMENTS AND CONTINGENCIES
EQUITY:    
Ordinary shares, 0.00166667 par value; 300,000,000 shares authorized; 285,005,647 and 56,794,773 shares issued and outstanding as of December 31, 2022 and 2021 475,018 94,660
Additional Paid-in Capital 164,753,604 117,937,928
Accumulated deficit (59,081,432) (37,575,834)
Accumulated other comprehensive (loss) income (3,333,541) 2,698,884
Total Powerbridge Technologies Co., Ltd.’s Shareholders’ Equity 102,813,649 83,155,638
Non-controlling interest (263,507) (257,296)
Total Equity 102,550,142 82,898,342
Total Liabilities and Equity $ 130,588,110 $ 114,818,964