| Summary of consolidated consolidated assets and liabilities, revenues, net loss and cash flow information |
| | | | | As of December 31, | | | 2022 | | | US$ | Cash | | 156,571 | Inventories | | 108 | Prepayments and other current assets – third parties | | 2,313 | Total current assets | | 158,992 | Property, equipment and software, net | | 14,189 | Operating lease right-of-use assets | | 12,388 | Other non-current assets | | 1,122 | Total assets | | 186,691 | Amounts due to inter-companies(i) | | 10,551 | Operating lease liabilities – third parties | | 716 | Accrued expenses and other current liabilities – third parties | | 35,254 | Accrued expenses and other current liabilities – related parties | | 801 | Mandatorily redeemable noncontrolling interest | | 11,381 | Total current liabilities | | 58,703 | Operating lease liabilities – third parties | | 1,662 | Exchangeable notes(ii) | | 71,792 | Convertible notes(ii) | | 76,770 | Total liabilities | | 208,927 |
(i)As of December 31, 2022, amounts due to inter-companies represent the payables that the VIEs had with the Company’s subsidiaries, which were eliminated in the Company’s consolidated and combined financial statements. (ii)As of December 31, 2022, the exchangeable notes of US$71,792 was guaranteed by the WFOE and the convertible notes of US$76,770 was guaranteed by the Company and the WFOE. | | | | | | | | | From January 1, 2023 | | Year ended | | Year ended | | | to the completion of | | December 31, | | December 31, | | | the Restructuring | | 2022 | | 2021 | | | US$ | | US$ | | US$ | Revenues | | — | | — | | — | Net loss(i) | | (74,137) | | (52,431) | | (8,737) | Net cash used in operating activities(ii) | | (8,281) | | (8,869) | | (7,993) | Net cash used in investing activities | | (38,400) | | (5,630) | | — | Net cash(used in) provided by financing activities(iii) | | (107,317) | | 137,876 | | 55,951 | Effect of exchange rate changes on cash | | (2,573) | | (15,900) | | 1,136 | Net decrease in cash | | (156,571) | | 107,477 | | 49,094 | Cash at beginning of the period/year | | 156,571 | | 49,094 | | — | Cash at end of the period/year | | — | | 156,571 | | 49,094 |
| (i) | Net loss includes other expenses of US$56,752 and nil and nil arising from the transfer of VIE’s assets and liabilities to a subsidiary of WFOE for period between January 1, 2023 and the completion of the Restructuring, and the years ended December 31, 2022 and 2021, respectively, which were eliminated upon consolidation. |
| (ii) | Net cash used in operating activities includes amounts of US$88,423, US$3,348 and nil paid to the Company’s subsidiaries and amounts of US$86,697, US$34 and nil provided by the Company’s subsidiaries for period between January 1, 2023 and the completion of the Restructuring, and the years ended December 31, 2022 and 2021, respectively, which were eliminated upon consolidation. |
| (iii) | Net cash (used in) provided by financing activities includes amounts of US$158,509, US$10,611 and US$11,055 paid to the Company’s subsidiaries and amounts of US$32,715, nil and nil provided by the Company’s subsidiaries for period between January 1, 2023 and the completion of the Restructuring, and the years ended December 31, 2022 and 2021, respectively, which were eliminated upon consolidation. |
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