| Schedule of Unaudited Condensed Consolidated Balance Sheets Information |
Unaudited Condensed Consolidated Balance
Sheets Information
| | |
As of
June 30, | |
| | |
2026 | |
| | |
(Unaudited) | |
| Assets | |
| |
| Current assets: | |
| |
| Cash and cash equivalents | |
$ | 214 | |
| Accounts receivable, net | |
| 8,661 | |
| Advance to suppliers, net | |
| 10 | |
| Prepaid expenses and other current assets, net | |
| 1,926 | |
| Total current assets | |
$ | 10,811 | |
| | |
| | |
| TOTAL ASSETS | |
$ | 10,811 | |
| | |
| | |
| Liabilities | |
| | |
| Current liabilities: | |
| | |
| Accounts payable | |
$ | 12 | |
| Advance from customers | |
| 75 | |
| Accrued expenses and other current liabilities | |
| 10,814 | |
| Total current liabilities | |
$ | 10,901 | |
| | |
| | |
| TOTAL LIABILITIES | |
$ | 10,901 | |
|
| Schedule of Subsidiaries |
As of June 30, 2026, the details of the Company’s
subsidiaries and consolidated VIE are as follows.
| | | Date of | | Place of | | Percentage of | | | Principal | | Name | | Incorporation | | incorporation | | ownership | | | Activities | | East Stone | | August 9, 2018 | | BVI | | | 100 | % | | Investment holding | | NWTN Automobile Cars Trading Sole Proprietary LLC | | February 23, 2023 | | Dubai | | | 100 | % | | Vehicle wholesale and retail | | NWTN Global Energy Co. LTD | | April 18, 2023 | | Hong Kong, PRC | | | 100 | % | | Investment holding | | ROBO.AI Holding Limited | | January 15, 2025 | | Cayman Islands | | | 100 | % | | Investment holding | | Roboai Investments L.L.C.-FZ | | February 21, 2025 | | United Arab Emirates (“UAE”) | | | 100 | % | | Investment holding | | Astra Mobility Meta (Cayman) Limited* | | August 29, 2025 | | Cayman Islands | | | 100 | % | | Investment holding | | Rovtol LTD | | September 29, 2025 | | Cayman Islands | | | 100 | % | | eVOTL wholesale and retail | | Rovtol International Limited | | October 13, 2025 | | Cayman Islands | | | 51 | % | | eVOTL wholesale and retail | | Robus Trading FZ | | October 30, 2025 | | United Arab Emirates (“UAE”) | | | 51 | % | | Commercial vehicle wholesale and retail | | Robocar Inc. | | November 17, 2025 | | British Virgin Islands | | | 70 | % | | Investment holding | | Robo.ai Japan Co.,Ltd | | November 25, 2025 | | Japan | | | 100 | % | | Investment holding | | Robocar International LLC | | December 9, 2025 | | Hong Kong, PRC | | | 70 | % | | Investment holding | | ROBOAIIO GENERAL TRADING LLC | | December 26, 2025 | | United Arab Emirates (“UAE”) | | | 100 | % | | Headquarters operations and administrative functions | | Simo Robot Technology (Shanghai) LTD | | January 15, 2026 | | PRC | | | 70 | % | | Investment holding | | Neurovia AI Limited | | May 18, 2026 | | British Virgin Islands | | | 100 | % | | AI visual data compression and processing | | QC Capital Limited | | June 15, 2026 | | British Virgin Islands | | | 100 | % | | Investment holding | | Jiangsu Qingfeng Chuanyin Technology Co., Ltd. | | June 15, 2026 | | PRC | | | 100 | % | | Operational management and delivery services | | Jiangsu Hong’anlin Artificial Intelligence Technology Co., Ltd. | | June 15, 2026 | | PRC | | | 99 | % | | Operational management and delivery services | | Jiangsu Ruilinchuan Artificial Intelligence Technology Co., Ltd. | | June 15, 2026 | | PRC | | | 99 | % | | Operational management and delivery services |
| * | On February 28, 2025, the Company entered into a share exchange agreement with Astra, pursuant to which the Company agreed to acquire 100% of Astra’s equity. The acquisition consideration consists of the issuance of 750,000 Class B ordinary shares to Astra’s shareholders, subject to certain performance conditions and a lock-up period. Upon completion of the acquisition on August 29, 2025, Astra became the Company’s wholly-owned subsidiary. As of the date of these unaudited condensed consolidated financial statements, the consideration shares have not yet been issued. |
|