v3.23.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 53,418 $ 500,316
Trade accounts receivable, net 359,185 11,541
Inventories 143
Related party receivables 8,953 13,491
Other current assets 200,405 5,828
Total current assets 622,104 531,176
Property and equipment, net 811,287 855,125
Intangible assets, net 280,935 185,407
Goodwill 211,849 101,247
Right of use assets under operating lease 1,132 2,260
Long-term deposit and other non-current assets 438 514
Deferred tax assets 3,661
Restricted cash escrow 1,371 2,233
Micronet Ltd. equity method investment 45 735
Total long-term assets 1,307,057 1,151,182
Total assets 1,929,161 1,682,358
LIABILITIES, TEMPORARY EQUITY AND EQUITY    
Short-term loan 164 460
Trade accounts payable 262,530 11,092
Deposit held on behalf of clients 498 2,528
Related party payables 57,682 57,506
Current operating lease liability 690 1,215
Other current liabilities 136,229 192,594
Total current liabilities 457,793 265,395
Long-term loan 377
Long-term operating lease liability 382 905
Promissory note 210,483
Deferred tax liabilities 105,460 89,597
Other long-term liability 640
Accrued severance pay 46 50
Total long-term liabilities 317,011 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 September 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 September 30, 2023 and December 31, 2022, respectively 3
Common stock: $0.001 par value, 750,000,000 shares authorized, 236,270,476 and 157,599,882 shares issued and outstanding as of September 30, 2023, and December 31, 2022, respectively 236 158
Additional paid-in capital 949,192 889,579
Accumulated other comprehensive income (loss) (518,948) 4,367
Accumulated earnings (deficit) 170,530 (123,463)
Tingo Group, Inc. stockholders’ equity 601,010 770,644
Non-controlling interest 312 2,355
Total stockholders’ equity 601,322 772,999
Total liabilities, temporary equity and stockholders’ equity 1,929,161 1,682,358
Related Party    
Current assets:    
Related party receivables 8,953 13,491
LIABILITIES, TEMPORARY EQUITY AND EQUITY    
Related party payables $ 57,682 $ 57,506

Source