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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 251,294,952 $ 239,872,316
Restricted cash, current 29,039 171,156
Short-term investments 5,835,377 35,443,246
Accounts receivable, net 3,334,727 9,872,746
Advances to suppliers 1,178,168 1,057,096
Inventories, net 440,064 7,137,538
Prepayments 281,611 283,776
Other current assets, net 6,711,422 4,994,271
Total current assets 269,105,360 298,832,145
Non-current assets:    
Property, plant and equipment, net 36,549,278 33,329,610
Intangible assets, net 6,890,738 22,512,208
Operating lease right-of-use assets 5,343,608 2,132,247
Operating lease right-of-use assets - related parties 519,140 1,136,775
Restricted cash, non-current 903,125 883,130
Goodwill 2,299,628
VAT recoverable 21,132,898 26,332,231
Other assets 1,421,309 705,825
Total non-current assets 75,059,724 87,032,026
Total assets 344,165,084 385,864,171
Current liabilities:    
Accounts payable 1,456,577 3,387,836
Accrued liabilities and other payables 11,519,091 8,975,988
Operating lease liabilities, current 1,217,604 851,936
Operating lease liabilities - related parties, current 283,567 595,424
Advances from customers 1,010,852 894,174
Total current liabilities 15,487,691 14,705,358
Non-current liabilities:    
Operating lease liabilities – related party, non-current 288,563
Deferred tax liabilities 1,133,539 178,582
Operating lease liabilities, non-current 5,755,973 1,712,303
Total non-current liabilities 6,889,512 2,179,448
Total liabilities 22,377,203 16,884,806
Class A ordinary share, HKD0.03 par value, 11,112,474 shares authorized, 4,700,852 and 4,640,318 shares issued and outstanding as of December 31, 2022 and 2021, respectively(1) [1] 18,080 17,848
Class B ordinary share, HKD0.03 par value, 1,554,192 shares authorized, issued and outstanding as of December 31, 2022 and 2021, respectively(1) [1] 5,978 5,978
Additional paid-in capital 397,620,927 393,717,189
Statutory reserves 11,079,649 11,079,649
Accumulated deficit (78,068,522) (34,180,280)
Accumulated other comprehensive loss (11,724,531) (6,897,005)
Total Ebang International Holdings Inc. shareholders’ equity 318,931,581 363,743,379
Non-controlling interest 2,856,300 5,235,986
Total equity 321,787,881 368,979,365
Total liabilities and equity $ 344,165,084 $ 385,864,171
[1] Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.