XML 81 R57.htm IDEA: XBRL DOCUMENT v3.23.1
REVERSE ACQUISITION - Fair value of equity consideration - Haitaoche (Details)
$ / shares in Units, $ in Thousands
Jun. 25, 2021
USD ($)
$ / shares
shares
Fair value of the assets acquired and the liabilities assumed  
Cash and cash equivalents $ 4,299
Prepaid expense 46,708
Property plant and equipment 31
Trademark (Intangible Assets) 15,100
Right-of-use assets 47
Goodwill 143,655
Subtotal of total assets 209,840
Short-term bank loan (8,195)
Accounts payable (406)
Advance from customers (461)
Short-term lease liabilities (32)
Other payables (13,198)
Amounts due to RPT (4,288)
Income tax payable (4,079)
Warrants (2,335)
Mezzanine equity-Preferred shares (1,437)
Subtotal of total liabilities (34,431)
Less: Non-controlling interest (7,649)
Less: Preferred shares (6,000)
Total net assets 161,760
Haitaoche  
The purchase price comprised of:  
Fair value of consideration transferred $ 161,760
Fair value of the assets acquired and the liabilities assumed  
Shares issued to pre-reverse acquisition | shares 69,424,993
Fair value of shares issued for pre-reverse the acquisition $ 161,760
Issuance price | $ / shares $ 2.33