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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 2,796 $ 31
Restricted cash 3,252
Accounts receivable, net 4,974 451
Inventories 56,216 1,796
Prepaid expenses and other current assets, net 633 356
Amount due from a related party 84 130
Assets held-for-sale 6,370
Total current assets 71,073 6,016
Property and equipment, net 5,054 1,119
Operating lease right-of-use assets 2,431
Net investment in leases 176 230
Goodwill 4,271
Total assets 78,734 11,636
Current liabilities:    
Accounts payable 2,629 3,529
Accrued liabilities 1,781 926
Advance from customers, current 733 167
Deferred income 357 362
Warranty reserve, current 4,222 289
Lease liabilities, current 2,296 1,303
Amounts due to a related party 178 863
Short-term borrowing 4,262 961
Derivative liability 1,070 1,156
Convertible note, current 2,910 1,320
Income tax payable 4,943
Long-term borrowing, current 6 5
Total current liabilities 25,387 10,881
Lease liabilities, noncurrent 3,883 2,696
Warranty reserve, noncurrent 10,796
Advance from customers, noncurrent 2,066 2,214
Convertible notes, noncurrent 540
Long-term borrowings 143 144
Deferred tax liabilities 12,787
Total liabilities 55,062 16,475
Commitments and contingencies (Note 16)
Equity:    
Common stock, par $0.0004, 450,000,000 shares authorized, 34,452,220 and 21,900,918 shares issued and outstanding as of March 31, 2024, and December 31, 2023, respectively 14 9
Additional paid-in capital 58,066 44,359
Accumulated deficit (34,408) (49,207)
Total stockholders’ equity/(deficit) 23,672 (4,839)
Total liabilities and stockholders’ equity $ 78,734 $ 11,636