Kandi technologies group, inc. (KNDI)
Balance Sheet / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Current assets
Cash and cash equivalents

5,490

14,338

3,608

3,327

15,662

1,342

1,612

1,041

4,891

3,560

7,407

2,044

12,235

3,689

19,533

13,447

16,738

11,691

9,463

15,635

26,379

49,500

11,287

20,498

12,762

12,448

10,082

3,987

12,135

1,546

3,979

5,017

2,294

1,881

9,372

7,754

Restricted cash

11,022

11,713

1,573

5,134

6,690

9,104

7,878

7,491

11,218

20,735

22,708

14,222

12,957

14,240

14,519

16,277

16,172

15,689

23,006

25,454

13,000

12,995

0

0

1

11,384

11,316

7,962

15,835

19,895

26,803

22,424

6,634

26,359

26,768

17,398

Short term investment

-

-

-

-

-

-

-

-

-

0

0

82

4,463

0

0

3,100

1,613

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable (net of allowance for doubtful accounts of $254,665 and $120,010 as of December 31, 2019 and December 31, 2018, respectively)

61,181

54,859

41,926

49,397

34,274

40,111

34,071

27,236

34,397

41,774

34,964

34,053

32,394

40,805

40,422

40,867

8,136

33,912

29,898

28,679

15,736

13,982

19,218

22,674

31,370

17,601

25,089

38,185

33,557

26,921

24,879

15,638

12,932

9,306

9,292

16,999

Inventories

27,736

35,447

28,980

27,223

21,997

15,676

11,644

17,439

15,979

15,176

13,427

14,742

11,914

15,519

8,324

25,814

17,773

31,652

27,607

26,742

15,403

14,599

17,647

13,646

9,187

22,850

17,705

10,575

7,630

14,385

13,554

8,186

6,674

8,675

11,303

5,886

Notes receivable

42,487

41,549

-

-

72

72

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

1,969

6,192

11,276

11,102

18,785

10,541

10,739

9,060

6,061

9,154

35,078

13,794

11,499

11,743

11,556

9,562

15,980

15,004

20,099

37,879

20,540

20,848

24,865

Notes receivable from the Affiliate Company and related party

-

-

1,456

3,769

3,861

2,184

0

7,611

1,137

1,542

0

1,329

400

-

-

-

1,931

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other receivables

-

12,859

7,936

2,662

-

1,233

2,342

2,356

2,650

238

1,185

576

66

3,243

473

487

332

488

311

323

238

448

784

705

556

1,329

498

592

501

1,056

752

1,333

2,438

1,735

1,615

814

Prepayments and prepaid expense

10,615

9,497

10,290

10,864

11,136

6,662

6,099

6,744

6,536

5,471

4,319

4,011

4,317

746

275

353

181

240

364

462

120

412

617

461

505

654

1,180

578

563

92

154

98

185

201

57

97

Due from employees

-

5

4

2

-

6

4

6

7

25

33

46

4

33

94

105

34

41

38

40

34

43

38

42

34

41

45

47

40

57

53

23

79

22

11

36

Advances to suppliers

-

4,474

4,874

4,919

-

8,794

15,211

12,290

14,908

14,536

15,009

16,958

38,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amount due from the Affiliate Company, net

31,330

25,335

60,945

61,060

67,683

77,386

64,775

167

146,422

6,437

10,742

10,568

10,484

10,916

10,957

5,585

40,606

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

5,708

-

-

-

5,970

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right - of - use asset

-

42

75

108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances to suppliers

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,470

-

11,558

31,638

2,065

4,769

4,105

860

2,282

852

3,436

9,676

188

Amount due from related party

-

-

-

-

-

0

0

141,716

162

136,632

138,908

130,463

136,536

114,763

122,807

92,789

76,172

76,814

101,958

71,267

51,450

52,028

34,507

21,625

2,917

-

-

-

0

-

-

-

-

0

0

-

Deferred taxes assets

-

-

-

-

-

-

-

-

-

-

-

581

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

928

744

-

-

0

0

-

0

0

252

13

0

3

91

0

-

19

-

-

-

-

-

Deposit for acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

39,227

38,644

24,397

-

-

-

0

-

-

-

Marketable securities (trading)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

300

TOTAL CURRENT ASSETS

195,572

210,123

161,673

168,471

167,349

162,575

143,640

224,103

238,312

246,131

248,707

229,681

264,025

236,689

237,245

211,199

198,413

189,772

210,020

186,457

138,327

208,850

146,098

131,457

80,011

89,367

148,532

114,289

108,995

84,040

86,062

75,104

69,972

72,158

88,947

74,341

LONG-TERM ASSETS
Property, plant and equipment, net

74,407

74,491

78,839

82,341

82,045

83,664

12,806

14,091

12,000

12,962

13,533

14,277

15,194

16,690

17,861

19,539

20,525

21,788

23,889

25,174

26,215

26,134

26,899

27,945

29,333

30,842

32,451

33,927

35,725

18,124

19,284

-

20,981

-

-

-

Plant and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,996

-

21,577

22,443

23,911

Intangible assets

3,654

3,723

4,020

4,268

4,328

4,491

4,811

5,224

331

351

372

392

413

433

454

474

495

515

536

556

577

597

618

638

659

680

700

721

741

723

724

10,996

0

10,994

10,952

10,833

Land use rights, net

11,272

11,084

11,603

11,954

11,749

11,848

12,377

13,133

12,666

12,045

11,903

11,790

11,775

12,342

12,471

12,934

12,935

14,826

15,516

15,606

15,649

15,740

15,833

14,246

14,453

14,454

14,456

14,329

14,337

14,383

14,502

-

10,992

-

-

-

Construction in progress

-

17

-

-

-

0

69,541

58,840

53,083

47,676

43,655

36,779

27,054

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes assets

-

-

-

11

-

3,294

3,301

3,607

4,383

4,555

4,394

3,196

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Construction in progress

-

-

-

-

-

-

-

-

-

-

-

-

-

57,094

54,448

54,750

46,821

56,525

58,785

58,753

58,510

55

39

16

16

0

53

0

0

12,214

12,171

10,251

10,007

6,117

94

0

Deferred taxes assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

81

0

0

1

0

35

42

261

89

204

217

255

Long term investment

-

-

-

-

-

0

0

1,512

1,460

1,427

1,401

1,378

1,367

1,424

1,429

1,472

1,463

1,490

0

0

0

0

0

80

96

119

135

-

161

-

-

-

-

-

-

-

Investment in the Affiliate Company

47,228

53,837

119,144

126,492

128,929

146,272

154,866

74,035

70,681

67,087

65,258

72,914

77,453

87,721

88,346

86,034

90,337

82,273

84,366

84,070

83,309

82,544

80,483

80,399

79,331

81,160

80,788

148

0

184

203

217

229

250

261

272

Goodwill

28,270

27,762

28,586

29,087

28,552

28,583

24,156

25,344

322

322

322

322

322

322

322

322

322

322

322

322

322

322

322

322

322

322

322

322

322

437

437

-

0

-

-

-

Advances to suppliers

-

-

-

-

-

0

0

22,371

21,592

27,695

29,972

31,751

33,819

30,759

12,715

348

7,618

457

6,829

7,112

6,901

58,777

52,841

-

8,867

-

-

-

-

-

-

-

-

-

-

-

Other long term assets

10,811

4,803

5,286

5,708

5,873

6,168

6,855

7,549

7,590

7,726

7,880

8,045

8,271

8,914

9,251

155

154

156

163

163

162

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Amount due from JV Company, net

-

-

-

-

-

0

0

-

15,907

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amount due from JV Company, net

-

-

-

-

-

-

-

15,907

-

15,907

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

TOTAL Long-Term Assets

175,645

175,720

247,480

259,864

261,479

284,324

288,716

241,617

200,019

197,758

178,694

180,850

175,672

184,944

184,586

175,684

173,055

177,899

183,580

184,647

184,746

125,395

124,196

123,648

124,294

127,580

128,908

49,449

51,289

46,102

47,367

41,723

42,301

39,143

33,970

35,273

TOTAL ASSETS

371,218

385,844

409,153

428,335

428,829

446,900

432,356

465,721

438,332

443,889

427,401

410,531

439,698

421,634

421,832

386,883

371,469

367,672

393,600

371,105

323,073

334,245

270,294

255,106

204,306

216,947

277,441

163,738

160,284

130,142

133,430

116,828

112,273

111,302

122,917

109,614

CURRENT LIABILITIES
Accounts payable

72,093

79,632

77,907

114,345

112,309

111,376

92,759

117,258

111,595

131,047

111,356

106,672

115,870

111,682

110,049

91,647

73,957

87,854

100,772

77,954

45,772

55,568

53,695

44,089

22,843

8,753

10,651

10,708

8,668

10,968

8,584

5,400

5,061

5,209

5,167

6,452

Other payables and accrued expenses

6,078

4,843

5,233

4,353

4,251

6,065

5,323

5,289

6,556

6,523

5,269

4,338

4,835

4,399

15,080

1,678

9,544

3,362

3,377

3,803

5,101

4,847

4,747

3,332

2,422

2,191

3,628

3,021

3,092

1,182

1,150

-

3,137

-

-

-

Other payables and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

610

-

651

670

794

Short-term loans

25,980

30,969

32,189

31,291

30,539

30,583

32,482

34,234

33,042

32,613

32,008

32,508

34,265

35,676

35,810

36,894

36,656

37,340

38,833

42,073

35,589

22,417

33,778

33,742

34,020

34,301

33,289

32,794

32,615

34,970

36,599

36,570

36,372

32,272

29,084

28,434

Customer deposits

-

33

141

132

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

214

274

334

205

125

177

169

41

78

243

149

94

111

2,748

2,641

2,630

152

151

135

44

693

49

25

292

131

43

34

1,025

59

73

82

Notes payable

10,765

11,463

20,258

6,300

12,787

24,663

18,848

10,466

28,075

26,212

37,289

18,761

14,797

3,093

4,718

5,968

3,850

3,137

9,953

12,408

5,702

12,995

12,991

14,599

16,683

27,962

68,842

22,287

25,332

9,630

15,174

10,814

5,847

13,858

29,858

19,039

Deposit for disposal of subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,005

60,599

-

-

-

-

-

-

-

-

-

Income tax payable

1,796

1,519

330

2,046

3,471

471

1,181

2,421

2,902

2,282

1,435

607

1,364

1,142

3,894

1,822

624

2,803

2,350

1,711

1,835

1,317

821

542

1,362

473

348

258

680

181

128

519

153

117

188

127

Long term bank loans - current portion

13,779

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

1,379

-

-

-

1,463

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to employees

-

7

8

8

-

34

10

11

35

31

26

16

21

26

14

11

9

12

10

11

15

433

12

9

10

11

19

11

7

160

168

172

9

8

7

12

Due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

841

4,881

841

841

841

841

841

841

841

841

841

Due to JV company

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,268

-

-

-

-

-

-

-

-

-

-

Deferred taxes liabilities

-

-

-

-

-

-

-

-

-

0

0

0

118

87

0

0

2,374

256

569

132

230

426

648

21

0

35

0

0

55

70

0

199

56

203

43

34

Financial derivate - liability

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10

537

3,823

540

2,894

4,800

2,245

2,571

10,543

21,332

9,256

4,856

928

449

1,513

0

0

0

0

0

0

0

Deferred income

-

1,237

1,320

1,362

-

1,353

1,404

3,960

2,191

1,397

1,371

1,349

6,363

14,990

0

0

13

34

58

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability

-

44

76

108

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advance receipts

-

-

14,565

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss contingency-litigation

-

-

-

-

-

-

-

-

-

601

2,950

4,620

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Current Liabilities

131,873

129,749

152,032

159,948

164,822

174,762

152,284

173,977

184,604

200,835

191,884

164,423

177,677

171,176

169,822

138,709

130,949

135,454

161,567

145,535

99,124

100,728

117,390

117,805

86,643

113,395

183,237

70,396

73,096

58,136

62,691

55,164

52,505

53,222

65,935

55,818

LONG-TERM LIABILITIES
Long term bank loans

14,353

27,606

28,693

29,503

28,794

28,981

30,064

31,846

30,737

30,058

29,501

29,025

28,794

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes liability

1,362

1,758

2,776

1,711

1,711

-

-

-

-

0

0

0

878

1,284

262

312

1,593

402

1,772

2,543

2,266

1,299

1,194

1,194

1,009

683

385

-

0

-

-

-

-

-

-

-

Contingent consideration liability

5,197

6,562

6,619

7,167

7,256

12,204

5,345

6,032

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liability

574

-

-

-

622

681

549

579

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable, net of discount of $0 and $0 as of December 31, 2012 and 2011 respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Bond payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

12,995

12,991

12,977

13,084

0

12,927

12,735

12,666

-

-

-

0

-

-

-

Financial derivate - liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

694

2,792

10,097

9,488

3,205

4,014

15,042

9,995

-

0

0

2,621

1,957

2,976

3,919

1,840

1,568

9,321

Total Long-Term Liabilities

21,487

35,927

38,089

38,381

38,383

41,868

35,960

38,458

30,737

30,058

29,501

29,025

29,672

1,284

262

312

1,593

402

2,467

5,336

12,364

23,783

17,391

18,186

29,137

10,679

13,313

12,735

12,666

2,621

1,957

2,976

3,919

1,840

1,568

9,321

TOTAL LIABILITIES

153,361

165,676

190,121

198,329

203,206

216,630

188,245

212,435

215,342

230,894

221,385

193,448

207,350

172,460

170,084

139,022

132,543

135,857

164,034

150,871

111,488

124,512

134,782

135,992

115,780

124,074

196,551

83,132

85,762

60,758

64,649

58,141

56,424

55,062

67,503

65,140

STOCKHOLDER'S EQUITY
Common stock, $0.001 par value; 100,000,000 shares authorized; 56,263,102 and 55,992,002 shares issued and 52,839,441 and 51,484,444 outstanding at December 31,2019 and December 31,2018, respectively

52

52

52

52

51

51

51

51

48

48

48

47

47

47

47

47

46

46

46

46

46

46

41

40

37

36

32

32

31

29

29

27

27

27

27

27

Less: Treasury stock (487,155 shares with average price of $5.09 and 0 shares at December 31,2019 and December 31,2018, respectively )

2,477

2,477

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

259,691

259,691

259,636

258,377

254,989

254,980

254,193

252,154

233,055

233,409

232,380

230,387

227,911

226,929

228,133

219,886

212,564

202,744

195,740

192,281

190,258

189,385

128,594

122,636

76,754

66,938

47,593

46,990

43,728

38,614

38,345

31,593

31,533

31,386

31,323

31,090

Accumulated deficit (the restricted portion is $4,422,033 and $4,422,033 at December 31, 2019 and December 31,2018, respectively)

-16,685

-9,135

-21,224

-13,906

-9,497

-5,221

1,300

-74

-3,802

-9,248

-11,166

391

24,545

33,371

33,937

31,144

31,055

30,290

27,947

22,522

16,390

14,723

1,190

-9,967

4,119

18,763

26,452

27,496

25,259

23,093

22,498

21,593

19,210

20,040

19,655

10,095

Accumulated other comprehensive loss

-22,723

-27,963

-19,432

-14,517

-19,921

-19,541

-11,433

1,154

-6,310

-11,213

-15,246

-18,365

-20,156

-11,175

-10,369

-3,217

-4,741

-1,266

5,831

5,383

4,890

5,577

5,686

6,404

7,615

7,134

6,811

6,087

5,502

7,647

7,907

5,473

5,077

4,785

4,407

3,261

TOTAL STOCKHOLDERS' EQUITY

217,856

220,167

219,031

230,005

225,622

230,269

244,111

253,286

222,990

212,995

206,015

212,462

232,347

249,173

251,748

247,861

238,925

231,815

229,566

220,233

211,584

209,733

135,512

119,113

88,526

92,873

80,890

80,606

74,522

69,384

68,781

58,687

55,848

56,239

55,413

44,474

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

371,218

385,844

409,153

428,335

428,829

446,900

432,356

465,721

438,332

443,889

427,401

410,531

439,698

421,634

421,832

386,883

371,469

367,672

393,600

371,105

323,073

334,245

270,294

255,106

204,306

216,947

277,441

163,738

160,284

130,142

133,430

116,828

112,273

111,302

122,917

109,614