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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 7,102 $ 5,263
Inventories 31 404
Other receivables 8,848  
Prepayment for vehicle purchase and other current assets, net 26,321 53,270
TOTAL CURRENT ASSETS 42,302 58,937
Property and equipment, net 49 22
Intangible assets, net 12,903 14,640
Operating lease right-of-use assets 428 561
TOTAL NON-CURRENT ASSETS 13,380 15,223
TOTAL ASSETS 55,682 74,160
CURRENT LIABILITIES:    
Accounts payable   295
Advances from customers   553
Short-term borrowings 2,000 6,277
Short-term operating lease liabilities 119 85
Convertible notes 4,305  
Income tax payable 776 3,399
Amounts due to related parties 1,627 3,943
Warrant liability 24 340
Payable for sales incentive 1,638  
Accrued expenses and other current liabilities 9,379 14,491
TOTAL CURRENT LIABILITIES 19,868 29,383
Long-term bank loan   2,000
Long-term lease liabilities 311 431
Convertible notes   2,022
Payable for dealership settlement   2,245
TOTAL NON-CURRENT LIABILITIES 311 6,698
TOTAL LIABILITIES 20,179 36,081
COMMITMENT AND CONTIGENCIES
SHAREHOLDERS' EQUITY    
Ordinary Shares (par value of $0.00005 per shares; 1,000,000,000 shares authorized, 163,129,655 and 238,368,861 shares issued as of December 31, 2021 and 2022, respectively. 163,129,655 and 228,250,210 shares issued and outstanding as of December 31, 2021 and 2022, respectively) 11 8
Series D convertible preferred shares (par value of $0.0001, 6,000 and 6,000 shares authorized as of December 31, 2021 and 2022, respectively. 6,000 shares and 6,000 issued and outstanding as of December 31, 2021 and 2022 respectively.) Series F convertible preferred shares (par value of 0.00005, nil and 50,000 shares authorized as of December 31, 2021 and 2022, respectively. Nil and 50,000 issued and outstanding as of December 31, 2021 and 2022 respectively.) 3 1
Additional paid-in capital 312,831 227,310
Statutory reserve 8 8
Accumulated deficit (283,008) (198,302)
Accumulated other comprehensive income 1,470 637
TOTAL KAIXIN AUTO HOLDINGS' SHAREHOLDERS' EQUITY 31,315 29,662
Non-controlling interests 4,188 8,417
TOTAL EQUITY 35,503 38,079
TOTAL LIABILITIES AND EQUITY $ 55,682 $ 74,160