v3.23.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 53,195 $ 500,316
Trade accounts receivable, net 366,022 11,541
Inventories 142
Related party receivables 8,812 13,491
Other current assets 153,979 5,828
Total current assets 582,150 531,176
Property and equipment, net 591,282 855,125
Intangible assets, net 292,801 185,407
Goodwill 211,849 101,247
Right of use assets under operating lease 1,400 2,260
Long-term deposit and other non-current assets 463 514
Deferred tax assets 3,549 3,661
Restricted cash escrow 1,379 2,233
Micronet Ltd. equity method investment 315 735
Total long-term assets 1,103,038 1,151,182
Total assets 1,685,188 1,682,358
LIABILITIES, TEMPORARY EQUITY AND EQUITY    
Short-term loan 165 460
Trade accounts payable 149,483 11,092
Deposit held on behalf of clients 1,493 2,528
Related party payables 25,606 57,506
Current operating lease liability 834 1,215
Other current liabilities 112,865 192,594
Total current liabilities 290,446 265,395
Long-term loan 377
Long-term operating lease liability 507 905
Promissory note 207,912
Deferred tax liabilities 108,974 89,597
Other long-term liability 644  
Accrued severance pay 47 50
Total long-term liabilities 318,084 90,929
Commitment and Contingencies (Note 11)
Temporary equity    
Series B preferred stock subject to redemption: $0.001 par value, 33,687.21 shares authorized and 0 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively. 553,035 553,035
Stockholders’ Equity:    
Series A preferred stock: $0.001 par value, 2,604.28 shares authorized and 0 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 3 3
Common stock: $0.001 par value, 750,000,000 shares authorized, 164,968,599 and 157,599,882 shares issued and outstanding as of June 30, 2023, and December 31, 2022, respectively 165 158
Additional paid-in capital 893,471 889,579
Accumulated other comprehensive income (loss) (520,627) 4,367
Accumulated earnings (deficit) 149,785 (123,463)
Tingo Group, Inc. stockholders’ equity 522,797 770,644
Non-controlling interest 826 2,355
Total stockholders’ equity 523,623 772,999
Total liabilities, temporary equity and stockholders’ equity $ 1,685,188 $ 1,682,358

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