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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ (DEFICIT)/EQUITY - USD ($)
$ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Total Microvast Holdings, Inc. shareholders’ (Deficit)/ Equity
Common Stock
Additional paid-in capital
Accumulated deficit
Accumulated deficit
Cumulative Effect, Period of Adoption, Adjustment
Accumulated other comprehensive income/(loss)
Statutory reserve
Noncontrolling interest
Beginning balance (in shares) at Dec. 31, 2020       99,028,297            
Beginning balance at Dec. 31, 2020 $ (384,602)     $ 6 $ 0 $ (397,996)   $ 7,356 $ 6,032  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (206,483)         (206,483)        
Accretion for Series C1 Preferred (2,257)       0 (2,257)        
Accretion for Series C2 Preferred (5,132)         (5,132)        
Accretion for Series D1 Preferred (10,708)         (10,708)        
Accretion for redeemable noncontrolling interests (5,841)         (5,841)        
Accretion for the exiting noncontrolling interests (3,682)         (3,682)        
Issuance of common stock upon the reverse recapitalization, net of issuance costs (in shares)       191,254,950            
Issuance of common stock upon the reverse recapitalization, net of issuance costs 1,241,851     $ 23 1,241,828          
Issuance of common stock in connection with vesting of restricted stock units and stock options (including the conversion and vesting of Series B2 preferred) (in shares)       8,559,769            
Issuance of common stock in connection with vesting of restricted stock units and stock options (including the conversion and vesting of Series B2 preferred) 39,533     $ 1 39,532          
Share-based compensation 24,674       24,674          
Foreign currency translation adjustments (655)             (655)    
Ending balance (in shares) at Dec. 31, 2021       298,843,016            
Ending balance at Dec. 31, 2021 686,698     $ 30 1,306,034 (632,099)   6,701 6,032  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (158,200)         (158,200)        
Issuance of common stock in connection with vesting of share-based awards (in shares)       8,785,495            
Issuance of common stock in connection with vesting of share-based awards 0     $ 1 (1)          
Share-based compensation 110,127       110,127          
Foreign currency translation adjustments (24,782)             (24,782)    
Ending balance (in shares) at Dec. 31, 2022       307,628,511            
Ending balance at Dec. 31, 2022 612,977 $ (866) $ 612,977 $ 31 1,416,160 (791,165) $ (866) (18,081) 6,032 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net loss (106,412)   (106,336)     (106,336)       (76)
Capital contribution from noncontrolling interests 2,174                 2,174
Reduction of noncontrolling interest (2,174)   (164)   (164)         (2,010)
Issuance of common stock in connection with vesting of restricted stock units and stock options (including the conversion and vesting of Series B2 preferred) (in shares)       7,378,431            
Issuance of common stock in connection with vesting of restricted stock units and stock options (including the conversion and vesting of Series B2 preferred) 0     $ 1 (1)          
Share-based compensation 65,246   65,246   65,246          
Foreign currency translation adjustments (7,621)   (7,533)         (7,533)   (88)
Ending balance (in shares) at Dec. 31, 2023       315,006,942            
Ending balance at Dec. 31, 2023 $ 564,190   $ 564,190 $ 32 $ 1,481,241 $ (897,501)   $ (25,614) $ 6,032 $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2016-13 [Member]