10-Q Filing

CENNTRO INC. CIK: 1707919 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001140361-23-053309`
Period End Date	20230930
Filing Date	20231114
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	ef20012324_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 108 Cash Flow Statement 63 Stockholders Equity 26

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$153.97M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.65M	USD	Point-in-time
Ordinary shares, par value (in dollars per share)	`CommonStockNoParValue`	-	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$130.02K	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$198.04K	USD	Point-in-time
Ordinary shares, shares issued (in shares)	`CommonStockSharesIssued`	300.84M	shares	Point-in-time
Ordinary shares, shares issued (in shares)	`CommonStockSharesIssued`	304.45M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.65M	USD	Point-in-time
Ordinary shares, shares outstanding (in shares)	`CommonStockSharesOutstanding`	300.84M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$565.40K	USD	Point-in-time
Ordinary shares, shares outstanding (in shares)	`CommonStockSharesOutstanding`	304.45M	shares	Point-in-time
Inventories	`InventoryNet`	$31.84M	USD	Point-in-time
Inventories	`InventoryNet`	$43.08M	USD	Point-in-time
Prepayment and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.14M	USD	Point-in-time
Prepayment and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$17.36M	USD	Point-in-time
Deferred cost - current	`DeferredCostsCurrent`	$14.28K	USD	Point-in-time
Deferred cost - current	`DeferredCostsCurrent`	-	USD	Point-in-time
Amounts due from a related party	`OtherReceivablesNetCurrent`	$210.34K	USD	Point-in-time
Amounts due from a related party	`OtherReceivablesNetCurrent`	$366.94K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$110.16M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$203.01M	USD	Point-in-time
long-term investment, net	`EquityMethodInvestments`	$3.56M	USD	Point-in-time
long-term investment, net	`EquityMethodInvestments`	$5.33M	USD	Point-in-time
Investment in equity securities	`EquitySecuritiesFVNINoncurrent`	$29.76M	USD	Point-in-time
Investment in equity securities	`EquitySecuritiesFVNINoncurrent`	$28.59M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$20.13M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.96M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$6.38M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$4.56M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$20.68M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$8.19M	USD	Point-in-time
Deferred cost - non-current	`DeferredCosts`	-	USD	Point-in-time
Deferred cost - non-current	`DeferredCosts`	$206.70K	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$2.04M	USD	Point-in-time
Other non-current assets, net	`OtherAssetsNoncurrent`	$2.15M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$81.71M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$64.84M	USD	Point-in-time
Total Assets	`Assets`	$267.85M	USD	Point-in-time
Total Assets	`Assets`	$191.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.84M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$3.66M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesAndOtherLiabilities`	$5.05M	USD	Point-in-time
Contractual liabilities	`ContractWithCustomerLiabilityCurrent`	$3.08M	USD	Point-in-time
Contractual liabilities	`ContractWithCustomerLiabilityCurrent`	$2.39M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$4.55M	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$1.31M	USD	Point-in-time
Convertible promissory notes	`ConvertibleNotesPayableCurrent`	$57.37M	USD	Point-in-time
Convertible promissory notes	`ConvertibleNotesPayableCurrent`	$9.95M	USD	Point-in-time
Deferred government grant, current	`DeferredIncomeCurrent`	$52.72K	USD	Point-in-time
Deferred government grant, current	`DeferredIncomeCurrent`	$26.53K	USD	Point-in-time
Amounts due to related parties	`OtherLiabilitiesCurrent`	$37.95K	USD	Point-in-time
Amounts due to related parties	`OtherLiabilitiesCurrent`	$716.37K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$70.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.18M	USD	Point-in-time
Deferred government grant, non-current	`DeferredIncomeNoncurrent`	$948.97K	USD	Point-in-time
Deferred government grant, non-current	`DeferredIncomeNoncurrent`	$497.48K	USD	Point-in-time
Derivative liability - investor warrant	`DerivativeLiabilitiesInvestorWarrantsNoncurrent`	$12.19M	USD	Point-in-time
Derivative liability - investor warrant	`DerivativeLiabilitiesInvestorWarrantsNoncurrent`	$14.33M	USD	Point-in-time
Derivative liability - placement agent warrant	`DerivativeLiabilitiesPlacementAgentWarrantsNoncurrent`	$3.46M	USD	Point-in-time
Derivative liability - placement agent warrant	`DerivativeLiabilitiesPlacementAgentWarrantsNoncurrent`	$3.46M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$7.42M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$17.07M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$33.67M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$25.71M	USD	Point-in-time
Total Liabilities	`Liabilities`	$59.85M	USD	Point-in-time
Total Liabilities	`Liabilities`	$95.96M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Ordinary shares (No par value; 304,449,091 and 300,841,995 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively)	`CommonStockValue`	-	USD	Point-in-time
Ordinary shares (No par value; 304,449,091 and 300,841,995 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively)	`CommonStockValue`	-	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$401.67M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapitalCommonStock`	$397.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-219.82M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-260.96M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-8.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.31M	USD	Point-in-time
Total equity attributable to shareholders	`StockholdersEquity`	$132.01M	USD	Point-in-time
Total equity attributable to shareholders	`StockholdersEquity`	$172.37M	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-2.06K	USD	Point-in-time
Non-controlling interests	`MinorityInterest`	$-477.13K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$171.89M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.01M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$222.31M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$263.77M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$267.85M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$191.86M	USD	Point-in-time

Income Statement 108 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.10M	USD	1 Quarter
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$7.13M	USD	3 Qtrs
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$13.47M	USD	3 Qtrs
Net revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.76M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$11.41M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$5.05M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$7.23M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$2.73M	USD	1 Quarter
Gross profit	`GrossProfit`	$-634.33K	USD	1 Quarter
Gross profit	`GrossProfit`	$2.06M	USD	3 Qtrs
Gross profit	`GrossProfit`	$-102.85K	USD	3 Qtrs
Gross profit	`GrossProfit`	$717.47K	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$1.63M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$2.63M	USD	1 Quarter
Selling and marketing expenses	`SellingAndMarketingExpense`	$4.26M	USD	3 Qtrs
Selling and marketing expenses	`SellingAndMarketingExpense`	$7.24M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$6.22M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$26.45M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$9.07M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$25.72M	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$3.61M	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$5.35M	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$1.80M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$1.63M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$38.30M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$34.32M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$13.33M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.65M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-34.42M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-12.62M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-10.28M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-36.24M	USD	3 Qtrs
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$-84.57K	USD	1 Quarter
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$-110.66K	USD	1 Quarter
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$176.21K	USD	3 Qtrs
Interest (expense) income, net	`InterestIncomeExpenseNonoperatingNet`	$-137.73K	USD	3 Qtrs
(Loss) Income from long-term investment	`IncomeLossFromEquityMethodInvestments`	$47.32K	USD	3 Qtrs
(Loss) Income from long-term investment	`IncomeLossFromEquityMethodInvestments`	$-107.07K	USD	1 Quarter
(Loss) Income from long-term investment	`IncomeLossFromEquityMethodInvestments`	$36.44K	USD	1 Quarter
(Loss) Income from long-term investment	`IncomeLossFromEquityMethodInvestments`	$-236.67K	USD	3 Qtrs
Loss from acquisition of Antric Gmbh	`IncomeLossFromAcquisitionOfEquityInterests`	-	USD	1 Quarter
Loss from acquisition of Antric Gmbh	`IncomeLossFromAcquisitionOfEquityInterests`	$-1.32M	USD	1 Quarter
Loss from acquisition of Antric Gmbh	`IncomeLossFromAcquisitionOfEquityInterests`	-	USD	3 Qtrs
Loss from acquisition of Antric Gmbh	`IncomeLossFromAcquisitionOfEquityInterests`	$-1.32M	USD	3 Qtrs
Impairment of long-term investment	`InvestmentIncomeAmortizationOfPremium`	-	USD	3 Qtrs
Impairment of long-term investment	`InvestmentIncomeAmortizationOfPremium`	$2.67K	USD	1 Quarter
Impairment of long-term investment	`InvestmentIncomeAmortizationOfPremium`	-	USD	1 Quarter
Impairment of long-term investment	`InvestmentIncomeAmortizationOfPremium`	$1.16M	USD	3 Qtrs
Gain on redemption of convertible promissory notes	`GainLossOnRedemptionOfConvertiblePromissoryNotes`	$865.00	USD	3 Qtrs
Gain on redemption of convertible promissory notes	`GainLossOnRedemptionOfConvertiblePromissoryNotes`	$966.00	USD	1 Quarter
Gain on redemption of convertible promissory notes	`GainLossOnRedemptionOfConvertiblePromissoryNotes`	-	USD	1 Quarter
Gain on redemption of convertible promissory notes	`GainLossOnRedemptionOfConvertiblePromissoryNotes`	-	USD	3 Qtrs
Loss on exercise of warrants	`GainLossOnExerciseOfWarrants`	-	USD	3 Qtrs
Loss on exercise of warrants	`GainLossOnExerciseOfWarrants`	$-228.75K	USD	3 Qtrs
Loss on exercise of warrants	`GainLossOnExerciseOfWarrants`	-	USD	1 Quarter
Loss on exercise of warrants	`GainLossOnExerciseOfWarrants`	$-1.13K	USD	1 Quarter
Change in fair value of convertible promissory notes and derivative liability	`ChangeInFairValueOfConvertiblePromissoryNotesAndDerivativeLiability`	$4.28M	USD	1 Quarter
Change in fair value of convertible promissory notes and derivative liability	`ChangeInFairValueOfConvertiblePromissoryNotesAndDerivativeLiability`	$88.57K	USD	3 Qtrs
Change in fair value of convertible promissory notes and derivative liability	`ChangeInFairValueOfConvertiblePromissoryNotesAndDerivativeLiability`	$4.28M	USD	3 Qtrs
Change in fair value of convertible promissory notes and derivative liability	`ChangeInFairValueOfConvertiblePromissoryNotesAndDerivativeLiability`	$15.14K	USD	1 Quarter
Convertible bond issuance cost	`ConvertiblePromissoryNotesIssuanceCosts`	$5.59M	USD	1 Quarter
Convertible bond issuance cost	`ConvertiblePromissoryNotesIssuanceCosts`	-	USD	1 Quarter
Convertible bond issuance cost	`ConvertiblePromissoryNotesIssuanceCosts`	$5.59M	USD	3 Qtrs
Convertible bond issuance cost	`ConvertiblePromissoryNotesIssuanceCosts`	-	USD	3 Qtrs
Change in fair value of equity securities	`EquitySecuritiesFvNiRealizedGainLoss`	$19.05K	USD	1 Quarter
Change in fair value of equity securities	`EquitySecuritiesFvNiRealizedGainLoss`	$-1.17M	USD	3 Qtrs
Change in fair value of equity securities	`EquitySecuritiesFvNiRealizedGainLoss`	$-1.88M	USD	1 Quarter
Change in fair value of equity securities	`EquitySecuritiesFvNiRealizedGainLoss`	$19.05K	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-111.81K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-2.75M	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.48M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-873.03K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.10M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.13M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-41.27M	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-38.24M	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-384.00	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-43.37K	USD	1 Quarter
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$-92.23K	USD	3 Qtrs
Income tax benefit (expense)	`IncomeTaxExpenseBenefit`	$25.08K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-41.29M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-16.10M	USD	1 Quarter
Net loss	`ProfitLoss`	$-15.09M	USD	1 Quarter
Net loss	`ProfitLoss`	$-38.14M	USD	3 Qtrs
Less: net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.34M	USD	3 Qtrs
Less: net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-534.00	USD	1 Quarter
Less: net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-668.51K	USD	1 Quarter
Less: net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-159.24K	USD	3 Qtrs
Net loss attributable to the Company's shareholders	`NetIncomeLoss`	$-41.14M	USD	3 Qtrs
Net loss attributable to the Company's shareholders	`NetIncomeLoss`	$-36.80M	USD	3 Qtrs
Net loss attributable to the Company's shareholders	`NetIncomeLoss`	$-16.10M	USD	1 Quarter
Net loss attributable to the Company's shareholders	`NetIncomeLoss`	$-14.42M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.51M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.69M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-931.35K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.42M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-17.03M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-45.65M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-44.71M	USD	3 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-18.77M	USD	1 Quarter
Less: total comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-454.16K	USD	1 Quarter
Less: total comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-994.96K	USD	3 Qtrs
Less: total comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-534.00	USD	1 Quarter
Less: total comprehensive loss attributable to non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-183.81K	USD	3 Qtrs
Total comprehensive loss to the Company's shareholders	`ComprehensiveIncomeNetOfTax`	$-44.66M	USD	3 Qtrs
Total comprehensive loss to the Company's shareholders	`ComprehensiveIncomeNetOfTax`	$-18.32M	USD	1 Quarter
Total comprehensive loss to the Company's shareholders	`ComprehensiveIncomeNetOfTax`	$-17.03M	USD	1 Quarter
Total comprehensive loss to the Company's shareholders	`ComprehensiveIncomeNetOfTax`	$-44.53M	USD	3 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-47.67M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.59M	USD	3 Qtrs
Purchase of equity investment	`PaymentsToAcquireLongtermInvestments`	$3.62M	USD	3 Qtrs
Purchase of equity investment	`PaymentsToAcquireLongtermInvestments`	$680.93K	USD	3 Qtrs
Purchase of equity securities	`PaymentsToAcquireEquityMethodInvestments`	$5.00M	USD	3 Qtrs
Purchase of equity securities	`PaymentsToAcquireEquityMethodInvestments`	-	USD	3 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.33M	USD	3 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.48M	USD	3 Qtrs
Purchase of land use right and property	`PaymentsToAcquireIntangibleAssets`	$2.18M	USD	3 Qtrs
Purchase of land use right and property	`PaymentsToAcquireIntangibleAssets`	$16.76M	USD	3 Qtrs
Purchase of other intangible assets	`PaymentsToAcquireOtherIntangibleAssets`	-	USD	3 Qtrs
Purchase of other intangible assets	`PaymentsToAcquireOtherIntangibleAssets`	$7.50K	USD	3 Qtrs
Payment of expense for Acquisition of CAE's equity interests	`PaymentOfExpenseForAcquisition`	$348.99K	USD	3 Qtrs
Payment of expense for Acquisition of CAE's equity interests	`PaymentOfExpenseForAcquisition`	-	USD	3 Qtrs
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$314.00	USD	3 Qtrs
Proceeds from disposal of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$842.00	USD	3 Qtrs
Loans provided to third parties	`PaymentsToLoansProvidedToThirdParties`	$790.00K	USD	3 Qtrs
Loans provided to third parties	`PaymentsToLoansProvidedToThirdParties`	$1.28M	USD	3 Qtrs
Repayment of loans from related parties	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	-	USD	3 Qtrs
Repayment of loans from related parties	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$281.44K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.91M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.70M	USD	3 Qtrs
Repayment of loans to related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of loans to related parties	`RepaymentsOfRelatedPartyDebt`	$1.73M	USD	3 Qtrs
Repayment of loans to third parties	`RepaymentOfLoansToThirdParties`	$1.13M	USD	3 Qtrs
Repayment of loans to third parties	`RepaymentOfLoansToThirdParties`	-	USD	3 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	$602.48K	USD	3 Qtrs
Repayment of bank loans	`RepaymentsOfBankDebt`	-	USD	3 Qtrs
Purchase of CAE's loan	`PaymentsOfDebtIssuanceCosts`	$13.23M	USD	3 Qtrs
Purchase of CAE's loan	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Reduction of capital	`PaymentsForCapital`	$13.93M	USD	3 Qtrs
Reduction of capital	`PaymentsForCapital`	-	USD	3 Qtrs
Proceed from issuance of convertible promissory notes	`ProceedsFromConvertibleDebt`	-	USD	3 Qtrs
Proceed from issuance of convertible promissory notes	`ProceedsFromConvertibleDebt`	$54.07M	USD	3 Qtrs
Redemption of convertible promissory notes	`PaymentsForRedemptionOfConvertiblePromissoryNotes`	$47.53M	USD	3 Qtrs
Redemption of convertible promissory notes	`PaymentsForRedemptionOfConvertiblePromissoryNotes`	-	USD	3 Qtrs
Proceed from exercise of share-based awards	`ProceedsFromStockOptionsExercised`	$14.39K	USD	3 Qtrs
Proceed from exercise of share-based awards	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Payment of expense for the reverse recapitalization	`PaymentForExpenseOfReverseRecapitalization`	$904.84K	USD	3 Qtrs
Payment of expense for the reverse recapitalization	`PaymentForExpenseOfReverseRecapitalization`	-	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-48.14M	USD	3 Qtrs
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$23.16M	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.61M	USD	3 Qtrs
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-5.46M	USD	3 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-109.25M	USD	3 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-60.67M	USD	3 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$154.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$201.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.84M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$261.66M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$154.10M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$201.00M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$44.84M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$261.66M	USD	Point-in-time
Interest paid	`InterestPaidRefunded`	$372.00K	USD	3 Qtrs
Interest paid	`InterestPaidRefunded`	$1.20M	USD	3 Qtrs
Income tax paid	`IncomeTaxesPaidNet`	$4.83K	USD	3 Qtrs
Income tax paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Convention from debt to equity interest of HW Electro Co., Ltd.	`DebtConversionConvertedInstrumentAmount1`	$1.00M	USD	Point-in-time
Convention from debt to equity interest of HW Electro Co., Ltd.	`DebtConversionConvertedInstrumentAmount1`	-	USD	3 Qtrs
Convention from debt to equity interest of HW Electro Co., Ltd.	`DebtConversionConvertedInstrumentAmount1`	$1.00M	USD	3 Qtrs
Cashless exercise of warrants	`CashlessExerciseOfWarrants`	$2.17M	USD	3 Qtrs
Cashless exercise of warrants	`CashlessExerciseOfWarrants`	-	USD	3 Qtrs

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$171.89M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.01M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$222.31M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$263.77M	USD	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	300.84M	shares	Point-in-time
Beginning balance (in shares)	`CommonStockSharesOutstanding`	304.45M	shares	Point-in-time
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.62M	USD	3 Qtrs
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.57M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-41.29M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-16.10M	USD	1 Quarter
Net loss	`ProfitLoss`	$-15.09M	USD	1 Quarter
Net loss	`ProfitLoss`	$-38.14M	USD	3 Qtrs
Acquisition of CAE's equity interests	`StockIssuedDuringPeriodValueAcquisitionOfEquityInterest`	$-1.90M	USD	3 Qtrs
Acquisition of CAE's equity interests	`StockIssuedDuringPeriodValueAcquisitionOfEquityInterest`	$1.56M	USD	3 Qtrs
Exercise of share-based award	`StockIssuedDuringPeriodValueStockOptionsExercised`	$14.38K	USD	3 Qtrs
Exercise of warrants	`StockIssuedDuringPeriodValueWarrantsExercised`	$2.17M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-7.51M	USD	3 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.69M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-931.35K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.42M	USD	3 Qtrs
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$171.89M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$132.01M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$222.31M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$263.77M	USD	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	300.84M	shares	Point-in-time
Ending balance (in shares)	`CommonStockSharesOutstanding`	304.45M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.