Cenntro Inc

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

CENN$0.15-6.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(Expressed in U.S. dollars, except for the number of shares)

Note · December 31, 2023 · December 31, 2022
ASSETS
Current assets:
Cash and cash equivalents			$29,375,727		$153,966,777
Restricted cash			196,170		130,024
Short-term investment	4		4,236,588		-
Accounts receivable, net		5		6,530,801		565,398
Inventories		6		43,909,564		31,843,371
Prepayment and other current assets		7		20,391,150		16,138,330
Amounts due from related parties - current		22		287,439		366,936
Total current assets				104,927,439		203,010,836
Non-current assets:
Long-term investments		8		4,685,984		5,325,741
Investment in equity securities		9		26,158,474		29,759,195
Property, plant and equipment, net		10		20,401,521		14,962,591
Goodwill				223,494		-
Intangible assets, net		11		6,873,781		4,563,792
Right-of-use assets		15		20,039,625		8,187,149
Other non-current assets, net		12		2,227,672		2,039,012
Total non-current assets				80,610,551		64,837,480
Total Assets				$185,537,990		$267,848,316
LIABILITIES AND EQUITY
LIABILITIES
Current liabilities:
Accounts payable				$6,797,852		$3,383,021
Accrued expenses and other current liabilities		13		4,263,887		5,048,641
Contractual liabilities		2(p)		3,394,044		2,388,480
Operating lease liabilities, current		15		4,741,599		1,313,334
Convertible promissory notes		16		9,956,000		57,372,827
Contingent liabilities				26,669		-
Deferred government grant, current				108,717		26,533
Amounts due to related parties		22		10,468		716,372
Total current liabilities				29,299,236		70,249,208
Non-current liabilities:
Contingent liabilities non-current				230,063		-
Deferred tax liabilities				228,086		-
Deferred government grant, non-current				1,929,733		497,484
Derivative liability - investor warrant		16		12,189,508		14,334,104
Derivative liability - placement agent warrant		16		3,456,578		3,456,404
Operating lease liabilities, non-current		15		16,339,619		7,421,582
Total non-current liabilities				34,373,587		25,709,574
Total Liabilities				$63,672,823		$95,958,782
Commitments and contingencies		21
EQUITY
Ordinary shares (No par value; 30,828,778 and 30,084,200 shares issued and outstanding as of December 31, 2023 and 2022, respectively)		18		-		-
Additional paid in capital				402,337,393		397,497,817
Accumulated deficit				(274,023,501)		(219,824,176)
Accumulated other comprehensive loss				(6,444,485)		(5,306,972)
Total equity attributable to shareholders				121,869,407		172,366,669
Non-controlling interests				(4,240)		(477,135)
Total Equity				$121,865,167		$171,889,534
Total Liabilities and Equity				$185,537,990		$267,848,316

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.