v3.23.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 2,700 $ 1,569
Accounts receivable, net 1,421 2,258
Prepaid concession fees, net 0 628
Other current assets, net 65,072 31,534
Cryptocurrency, less impairment 0 659
Amount due from related parties 601 0
Total current assets 69,794 36,648
Property and equipment, net 10,885 19,302
Long-term investments, net 34,083 39,554
Long-term deposits, net 371 513
Right-of-use assets 16 18
TOTAL ASSETS 115,149 96,035
Current liabilities:    
Short-term loan 12,822 15,174
Accounts payable 15,774 18,365
Accrued expenses and other current liabilities 11,277 9,695
Deferred revenue 7,745 3,428
Consideration received from buyer 29,000 31,384
Payable for earnout commitment 22,120 23,939
Amounts due to related parties 1,174 0
Income tax payable 1,865 2,963
Lease liability, current 10 8
Total current liabilities 101,787 104,956
Non-current liabilities:    
Lease liability, non-current 9 13
Total liabilities 101,796 104,969
Equity    
Ordinary shares ($0.04 par value; 22,500,000 shares authorized; 4,499,654 and 8,948,505 shares issued as of December 31, 2021 and 2022, respectively; 4,474,836 and 8,923,687 shares outstanding as of December 31, 2021 and 2022, respectively) 359 181
Additional paid-in capital 332,746 298,685
Treasury stock (245,818 shares as of December 31, 2021 and 2022) (1,148) (1,148)
Accumulated deficits (318,239) (304,904)
Accumulated other comprehensive income 32,044 31,685
Total AirNet Technology Inc.'s shareholders' equity 45,762 24,499
Non-controlling interests (32,409) (33,433)
Total (deficit) equity 13,353 (8,934)
TOTAL LIABILITIES AND (DEFICIT) EQUITY $ 115,149 $ 96,035