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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 70,482 $ 77,302
Short-term investments
Accounts receivable, net 98,034 63,135
Prepayment and other current assets 15,329 13,103
Total current assets 183,845 153,540
Property, plant and equipment, net 160 242
Intangible assets, net 20,297 16,718
Deferred tax assets 103 56
Unamortized produced content, net 807 1,874
Right-of-use assets 750 1,298
Prepayment and other non-current assets, net 1 21,445
Total non-current assets 22,118 41,633
TOTAL ASSETS 205,963 195,173
Current liabilities:    
Short-term bank loans 4,421 4,998
Accounts payable 6,405 12,878
Advances from customers 147 536
Accrued liabilities and other payables 2,632 2,251
Other taxes payable 19,090 13,104
Lease liabilities current 208 291
Due to related parties 500
Convertible promissory note - related party
Total current liabilities 32,903 34,558
Long-term bank loan  
Lease liabilities non-current 471 1,127
Warrant liability 86 24
Total non-current liabilities 557 1,151
TOTAL LIABILITIES 33,460 35,709
Equity    
Preferred shares (par value of $0.0001 per share; 2,000,000 authorized; none issued and outstanding)
Ordinary shares (par value of $0.0001 per share; 200,000,000 shares authorized as of December 31, 2021 and December 31,2022; 68,122,402 and 68,124,402 shares issued and outstanding as of December 31, 2021 and 2022, respectively) 7 7
Additional paid-in capital 27,009 25,629
Statutory reserve 1,411 1,224
Retained earnings 150,685 123,982
Accumulated other comprehensive income(loss) (6,684) 8,069
TOTAL GLORY STAR NEW MEDIA GROUP HOLDINGS LIMITED SHAREHOLDERS’ EQUITY 172,428 158,911
Non-controlling interest 75 553
TOTAL EQUITY 172,503 159,464
TOTAL LIABILITIES AND EQUITY $ 205,963 $ 195,173