CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
CURRENT ASSETS:
Cash and cash equivalents	$ 110,337	$ 268,252
Accounts receivable, net	9,127	8,263
Inventories	19,061	11,978
Prepaid expenses and other current assets	3,623	2,877
Total current assets	142,148	291,370
PROPERTY AND EQUIPMENT, net	6,532	2,302
OPERATING LEASE RIGHT OF USE ASSETS	6,381
INTANGIBLE ASSETS, net	105,620	170
GOODWILL	161,527	0
NOTES RECEIVABLE	0	206
OTHER ASSETS	3,054	1,553
Total assets	425,262	295,601
CURRENT LIABILITIES:
Accounts payable and other accrued expenses	14,653	4,860
Accrued compensation expenses	3,907	2,639
Operating lease liabilities, current	1,305
Current portion of long-term debt	0	3,200
Other liabilities	486	29
Total current liabilities	20,351	10,728
LONG-TERM DEBT	0	3,716
OPERATING LEASE LIABILITIES NONCURRENT	5,263
WARRANT LIABILITY	0	81,388
EARNOUT LIABILITY	13,064	134,173
DEFERRED TAX LIABILITIES	1,824
OTHER LIABILITIES	0	60
Total liabilities	40,502	230,065
COMMITMENTS AND CONTINGENCIES (Note 15)
STOCKHOLDERS’ EQUITY:
Common stock, $0.0001 par value, 750,000,000 and 740,000,000 shares authorized as of December 31, 2022 and 2021, respectively, 153,628,838 and 117,750,608 shares issued and outstanding at December 31, 2022 and 2021, respectively	18	15
Additional paid-in capital	535,875	294,190
Accumulated other comprehensive loss	(7)	(2)
Accumulated deficit	(154,754)	(228,667)
Total stockholders’ equity of Navitas Semiconductor Corporation	381,132	65,536
Noncontrolling interest	3,628
Total stockholders’ equity	384,760	65,536
Total liabilities and stockholders' equity	$ 425,262	$ 295,601