XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Current assets:      
Cash and cash equivalents $ 416,165 $ 480,931 $ 21,496
Restricted cash 54,568 55,178 19,700
Accounts receivable (net of allowance for credit losses of $5,005 and $5,354 as of December 31, 2021 and March 31, 2022, respectively) 79,970 88,717 76,298
Notes receivable 24,688 11,144 20,839
Inventories, net 58,081 53,424 44,968
Prepaid expenses and other current assets 19,691 17,127 6,022
Amount due from related parties   85
Total Current Assets 653,163 706,606 189,323
Property, plant and equipment, net 271,248 253,057 198,017
Land use rights, net 13,999 14,008 14,001
Acquired intangible assets, net 1,821 1,882 2,279
Operating lease right-of-use assets 18,388    
Other non-current assets 40,096 19,738 890
Total Assets 998,715 995,291 404,510
Current liabilities:      
Accounts payable 32,007 40,408 42,007
Advance from customers 3,601 1,526 2,446
Accrued expenses and other current liabilities 61,103 58,740 60,628
Income tax payables 667 666 664
Short-term bank borrowings 13,335 13,301 12,184
Notes payable 70,677 60,953 35,782
Bonds payable   29,915
Total Current Liabilities 181,390 175,594 183,626
Deposit liability for series B2 convertible preferred shares (“Series B2 Preferred”)   21,792
Long-term bonds payable 73,147 73,147 73,147
Warrant liability 1,540 1,105
Share-based compensation liability 32,884 18,925
Operating lease liabilities 16,146    
Other non-current liabilities 36,233 39,822 110,597
Total Liabilities 341,340 308,593 389,162
Mezzanine Equity (Note 18 and Note 20)      
Series C1 convertible redeemable preferred shares (“Series C1 Preferred”) (US$0.0001 par value; 26,757,258 authorized, issued and outstanding as of December 31, 2020 and nil authorized, issued and outstanding as of December 31, 2021)   80,581
Series C2 convertible redeemable preferred shares (“Series C2 Preferred”) (US$0.0001 par value; 20,249,450 authorized, issued and outstanding as of December 31, 2020 and nil authorized, issued and outstanding as of December 31, 2021)   81,966
Series D1 convertible redeemable preferred shares (“Series D1 Preferred”) (US$0.0001 par value; 22,311,516 authorized, issued and outstanding as of December 31, 2020 and nil authorized, issued and outstanding as of December 31, 2021)   146,583
Redeemable noncontrolling interests   90,820
Total Mezzanine Equity   399,950
Commitments and contingencies (Note 16)  
Shareholders’ (Deficit)/Equity      
Common Stock (par value of US$0.0001 per share, 750,000,000 and 750,000,000 shares authorized as of December 31, 2021 and March 31, 2022; 300,530,516 and 300,538,640 shares issued, and 298,843,016 and 298,851,140 shares outstanding as of December 31, 2021 and March 31, 2022) 30 30 6
Additional paid-in capital 1,320,367 1,306,034
Statutory reserves 6,032 6,032 6,032
Accumulated deficit (676,741) (632,099) (397,996)
Accumulated other comprehensive income 7,687 6,701 7,356
Total Shareholders’ Equity 657,375 686,698 (384,602)
Total Liabilities and Shareholders’ Equity $ 998,715 $ 995,291 $ 404,510