v3.23.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 780,153 $ 500,316
Trade accounts receivable, net 356,771 11,541
Related party receivables 14,535 13,491
Other current assets 4,686 5,828
Total current assets 1,156,145 531,176
Property and equipment, net 651,754 855,125
Intangible assets, net 322,007 185,407
Goodwill 231,637 101,247
Right of use assets under operating lease 2,001 2,260
Long-term deposit and other non-current assets 483 514
Deferred tax assets 4,015 3,661
Restricted cash escrow 2,242 2,233
Micronet Ltd. equity method investment 527 735
Total long-term assets 1,214,666 1,151,182
Total assets 2,370,811 1,682,358
LIABILITIES TEMPORARY EQUITY AND EQUITY    
Short-term loan 312 460
Trade accounts payable 204,304 11,092
Deposit held on behalf of clients 2,330 2,528
Related party payables 47,083 57,506
Current operating lease liability 1,165 1,215
Other current liabilities 306,238 192,594
Total current liabilities 561,432 265,395
Long-term loan 379 377
Long-term operating lease liability 691 905
Promissory note 205,369  
Deferred tax liabilities 129,565 89,597
Accrued severance pay 48 50
Total long-term liabilities 336,052 90,929
Commitment and Contingencies (Note 10)
Temporary equity    
Preferred stock Series B subject to redemption: $0.001 par value, 33,687.21 shares authorized and 0 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively. 553,035 553,035
Stockholders’ Equity:    
Preferred stock Series A: $0.001 par value, 2,604.28 shares authorized and 0 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 3 3
Common stock; $0.001 par value, 425,000,000 shares authorized, 163,727,382 and 157,599,882 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively 164 158
Additional paid in capital 896,398 889,579
Accumulated other comprehensive income (loss) (31,432) 4,367
Accumulated earnings (deficit) 53,277 (123,463)
TINGO GROUP, Inc. stockholders’ equity 918,410 770,644
Non-controlling interests 1,882 2,355
Total stockholders’ equity 920,292 772,999
Total liabilities, temporary equity and stockholders’ equity $ 2,370,811 $ 1,682,358

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