CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 9,765 $ 38,882
Restricted cash 8,080 900
Accounts receivable, net 22,599 17,061
Contract asset 1,621 0
Inventories 23,242 17,260
Project assets held for sale 8,946 0
Prepaid expenses and other current assets, net 9,584 5,018
Amount due from related parties 230 194
Total current assets 84,067 79,315
Intangible assets, net 3,433 4,058
Goodwill 4,896 4,546
Other receivable, noncurrent 268 299
Property and equipment, net 35,750 32,802
Project assets, noncurrent 15,969 19,740
Investment in affiliates 69,606 69,606
Operating lease right-of-use assets 13,923 6,585
Deferred tax assets, net 168 82
Total assets 228,080 217,033
Current liabilities:    
Accounts payable 25,612 14,952
Accrued liabilities 10,094 8,490
Income taxes payable 1,684 31
Advance from customers 4,924 1,377
Short-term borrowings and current portion of long-term borrowings 9,120 3,266
Amount due to an affiliate 10,603 9,756
Convertible bonds 48,603 50,373
Derivative liability 0 67
Accrued warranty reserve 628 529
Operating lease liabilities, current 1,351 605
Consideration payable 61,219 62,114
Total current liabilities 173,838 151,560
Long-term borrowings, excluding current portion 12,800 6,355
Amount due to an affiliate, noncurrent 0 832
Deferred tax liabilities, net 2,970 3,966
Operating lease liabilities, non-current 12,522 5,934
Total liabilities 202,130 168,647
Equity:    
Ordinary shares, par $0.0001, 500,000,000 shares authorized, 25,352,060 and 22,340,689 shares issued and outstanding as of December 31, 2021 and 2020, respectively 3 2
Additional paid in capital 695,073 670,101
Accumulated other comprehensive loss (35,257) (32,947)
Accumulated deficit (637,390) (591,899)
Total equity attributable to the shareholders of SPI Energy Co., Ltd. 22,429 45,257
Noncontrolling interests 3,521 3,129
Total equity 25,950 48,386
Total liabilities and equity $ 228,080 $ 217,033