Cenntro Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
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Consolidated Statements of Stockholders’ Equity
| Ordinary shares · Additional paid in capital · Accumulated deficit · Accumulated other comprehensive loss · Total shareholders’ equity · Non- controlling interest · Total equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares * · Amount | ||||||||||
| Balance as of January 1, 2022 | 26,125,625 | $ | - | $374,901,939 | $(109,735,935) | $(1,392,699) | $263,773,305 | $ | - | $263,773,305 |
| Share-based compensation | - | - | 4,031,629 | - | - | 4,031,629 | - | 4,031,629 | ||
| Exercise of warrants | 3,953,427 | - | 18,549,864 | - | - | 18,549,864 | - | 18,549,864 | ||
| Exercise of share-based award | 5,147 | - | 14,385 | - | - | 14,385 | - | 14,385 | ||
| Net loss | - | - | - | (110,088,241) | - | (110,088,241) | (2,057,022) | (112,145,263) | ||
| Acquisition of 65% of CAE’s equity interests | - | - | - | - | - | - | 1,555,320 | 1,555,320 | ||
| Foreign currency translation adjustment | - | - | - | - | (3,914,273) | (3,914,273) | 24,567 | (3,889,706) | ||
| Balance as of December 31, 2022 | 30,084,199 | $ | - | $397,497,817 | $(219,824,176) | $(5,306,972) | $172,366,669 | $(477,135) | $171,889,534 | |
| Share-based compensation | - | - | 5,230,273 | - | - | 5,230,273 | - | 5,230,273 | ||
| Net loss | - | - | - | (54,199,325) | - | (54,199,325) | (161,430) | (54,360,755) | ||
| Acquisition of 35% of CAE’s equity interests | - | - | (2,558,882) | - | - | (2,558,882) | 658,892 | (1,899,990) | ||
| Exercise of warrants | 360,710 | - | 2,168,185 | - | - | 2,168,185 | - | 2,168,185 | ||
| Fractional shares issued due to reverse stock split | 383,869 | - | - | - | - | - | - | - | ||
| Foreign currency translation adjustment | - | - | - | - | (1,137,513) | (1,137,513) | (24,567) | (1,162,080) | ||
| Balance as of December 31, 2023 | 30,828,778 | - | 402,337,393 | (274,023,501) | (6,444,485) | 121,869,407 | (4,240) | 121,865,167 | ||
*On September 1, 2023 the Company held its annual general meeting of shareholders where among other proposals, the shareholders of the Company did approve the consolidation of the ordinary shares of the Company on aone-for-ten (1:10) basis with effect from December 8, 2023. Theone-for-ten reverse stock split decreased the number of outstanding shares and increased net loss per common share. All per share and share amounts presented have been retroactively adjusted for the effect of this share consolidation for all periods presented.
CONSOLIDATED STATEMENTS OF CASH FLOW
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