EX-99.2 13 ea166277ex99-2_faradayfuture.htm PRELIMINARY UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET OF FARADAY FUTURE INTELLIGENT ELECTRIC INC. AS OF AUGUST 31, 2022

Exhibit 99.2

 

Faraday Future Intelligent Electric Inc.

Condensed Consolidated Balance Sheet

(in thousands)

(Unaudited)

 

   August 31,
2022
 
Assets    
Current assets    
Cash  $42,539 
Restricted cash   2,468 
Deposits   51,415 
Other current assets   27,983 
Total current assets   124,406 
Property and equipment, net   397,436 
Right of use assets   20,564 
Other non-current assets   6,650 
Total assets  $549,055 
Liabilities and Stockholders’ Equity     
Current liabilities     
Accounts payable  $70,770 
Accrued expenses and other current liabilities   107,009 
Related party accrued interest   12,660 
Accrued interest   109 
Operating lease liabilities, current portion   3,479 
Finance lease liabilities, current portion   1,903 
Related party notes payable   12,729 
Notes payable, current portion   5,177 
Total current liabilities   213,835 
Finance lease liabilities, less current portion   6,980 
Operating lease liabilities, less current portion   18,084 
Other liabilities, less current portion   3,681 
Notes payable, less current portion   49,949 
Total liabilities   292,529 
Commitments and contingencies     
Stockholders’ equity     
Class A Common Stock, $0.0001 par value   32 
Class B Common Stock, $0.0001 par value   6 
Additional paid-in capital   3,578,120 
Accumulated other comprehensive loss   (417)
Accumulated deficit   (3,321,215)
Total stockholders’ equity   256,526 
Total liabilities and stockholders’ equity  $549,055