v3.22.2.2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 295,816 $ 480,931
Restricted cash, current 83,179 55,178
Accounts receivable (net of allowance for credit losses of $5,005 and $5,436 as of December 31, 2021 and September 30, 2022, respectively) 82,707 88,717
Notes receivable 4,505 11,144
Inventories 82,262 53,424
Prepaid expenses and other current assets 19,060 17,127
Amount due from related parties 0 85
Total Current Assets 567,529 706,606
Restricted cash, non-current 36,704 0
Property, plant and equipment, net 286,346 253,057
Land use rights, net 12,328 14,008
Acquired intangible assets, net 1,696 1,882
Operating lease right-of-use assets 15,509 0
Other non-current assets 52,816 19,738
Total Assets 972,928 995,291
Current liabilities:    
Accounts payable 35,972 40,408
Notes payable 72,811 60,953
Accrued expenses and other current liabilities 79,520 58,740
Advance from customers 6,589 1,526
Short-term bank borrowings 7,029 13,301
Income tax payables 655 666
Bonds payable-current 29,259 0
Total Current Liabilities 231,835 175,594
Long-term bonds payable 43,888 73,147
Long-term bank borrowings 37,956 0
Warrant liability 184 1,105
Share-based compensation liability 115 18,925
Operating lease liabilities 13,530 0
Other non-current liabilities 29,564 39,822
Total Liabilities 357,072 308,593
Commitments and contingencies (Note 16)
Shareholders’ 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 September 30, 2022; 300,530,516 and 309,292,067 shares issued, and 298,843,016 and 307,604,567 shares outstanding as of December 31, 2021 and September 30, 2022) 31 30
Additional paid-in capital 1,398,171 1,306,034
Statutory reserves 6,032 6,032
Accumulated deficit (757,467) (632,099)
Accumulated other comprehensive income/(loss) (30,911) 6,701
Total Shareholders’ Equity 615,856 686,698
Total Liabilities and Shareholders’ Equity $ 972,928 $ 995,291