XML 26 R6.htm IDEA: XBRL DOCUMENT v3.23.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ (DEFICIT)/EQUITY - USD ($)
$ in Thousands
Total
Total Microvast Holdings, Inc. Shareholders’ Equity
Total Microvast Holdings, Inc. Shareholders’ Equity
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional paid-in capital
Accumulated deficit
Accumulated deficit
Cumulative Effect, Period of Adoption, Adjustment
Accumulated other Comprehensive Income (loss)
Statutory reserves
Non- controlling Interests
Beginning balance (in shares) at Dec. 31, 2021       298,843,016            
Beginning balance at Dec. 31, 2021   $ 686,698 $ (866) $ 30 $ 1,306,034 $ (632,099) $ (866) $ 6,701 $ 6,032  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss $ (124,502) (124,502)       (124,502)        
Issuance of common stock in connection with vesting of share-based awards (in shares)       8,761,551            
Issuance of common stock in connection with vesting of share-based awards   0   $ 1 (1)          
Share-based compensation   92,138     92,138          
Foreign currency translation adjustments   (37,612)           (37,612)    
Ending balance (in shares) at Sep. 30, 2022       307,604,567            
Ending balance at Sep. 30, 2022   615,856   $ 31 1,398,171 (757,467)   (30,911) 6,032  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Accounting standards update [Extensible Enumeration] Accounting Standards Update 2016-13 [Member]                  
Beginning balance (in shares) at Dec. 31, 2021       298,843,016            
Beginning balance at Dec. 31, 2021   686,698 $ (866) $ 30 1,306,034 (632,099) $ (866) 6,701 6,032  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss $ (158,200)                  
Ending balance (in shares) at Dec. 31, 2022       307,628,511            
Ending balance at Dec. 31, 2022 612,977 612,977   $ 31 1,416,160 (791,165)   (18,081) 6,032 $ 0
Beginning balance (in shares) at Jun. 30, 2022       300,859,266            
Beginning balance at Jun. 30, 2022   654,004   $ 30 1,378,774 (720,923)   (9,909) 6,032  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (36,544) (36,544)       (36,544)        
Issuance of common stock in connection with vesting of share-based awards (in shares)       6,745,301            
Issuance of common stock in connection with vesting of share-based awards   0   $ 1 (1)          
Share-based compensation   19,398     19,398          
Foreign currency translation adjustments   (21,002)           (21,002)    
Ending balance (in shares) at Sep. 30, 2022       307,604,567            
Ending balance at Sep. 30, 2022   615,856   $ 31 1,398,171 (757,467)   (30,911) 6,032  
Beginning balance (in shares) at Dec. 31, 2022       307,628,511            
Beginning balance at Dec. 31, 2022 612,977 612,977   $ 31 1,416,160 (791,165)   (18,081) 6,032 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (81,821) (81,800)       (81,800)       (21)
Capital contribution from non-controlling interests 2,174                 2,174
Issuance of common stock in connection with vesting of share-based awards (in shares)       7,218,814            
Issuance of common stock in connection with vesting of share-based awards 0     $ 1 (1)          
Share-based compensation 52,014 52,014     52,014          
Foreign currency translation adjustments (18,006) (17,844)           (17,844)   (162)
Ending balance (in shares) at Sep. 30, 2023       314,847,325            
Ending balance at Sep. 30, 2023 567,338 565,347   $ 32 1,468,173 (872,965)   (35,925) 6,032 1,991
Beginning balance (in shares) at Jun. 30, 2023       307,938,943            
Beginning balance at Jun. 30, 2023 579,717 577,672   $ 31 1,452,189 (846,835)   (33,745) 6,032 2,045
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (26,172) (26,130)       (26,130)       (42)
Issuance of common stock in connection with vesting of share-based awards (in shares)       6,908,382            
Issuance of common stock in connection with vesting of share-based awards 0     $ 1 (1)          
Share-based compensation 15,985 15,985     15,985          
Foreign currency translation adjustments (2,192) (2,180)           (2,180)   (12)
Ending balance (in shares) at Sep. 30, 2023       314,847,325            
Ending balance at Sep. 30, 2023 $ 567,338 $ 565,347   $ 32 $ 1,468,173 $ (872,965)   $ (35,925) $ 6,032 $ 1,991