| Schedule of Segment Reporting Information, by Segment |
The following tables provides information about the Company’s segments and a reconciliation of the total segment gross margin to loss before income taxes (in thousands):
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Three Months Ended March 31, |
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2023 |
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2022 |
|
Sharing Business |
Platform Business |
Retail Business |
Total Segments |
|
Sharing Business |
Platform Business |
Retail Business |
Total Segments |
| Total revenues |
$ |
28,517
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|
$ |
802
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|
$ |
218
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|
$ |
29,537
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|
$ |
30,176
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$ |
2,700
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$ |
2,499
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$ |
35,375
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| Cost of revenues: |
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| Cost of revenue, exclusive of depreciation |
14,080 |
|
340 |
|
197 |
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14,617 |
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21,161 |
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2,224 |
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2,230 |
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25,615 |
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| Depreciation on sharing vehicles |
9,835 |
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— |
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— |
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9,835 |
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8,940 |
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— |
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— |
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8,940 |
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| Total cost of revenues |
23,915
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|
340
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|
197
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24,452
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30,101
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2,224
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2,230
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34,555
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| Total gross margin |
$ |
4,602
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$ |
462
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$ |
21
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$ |
5,085
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$ |
75
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$ |
476
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$ |
269
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$ |
820
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| Reconciling items: |
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| Total operating expenses |
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40,554 |
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100,214 |
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| Loss from operations |
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(35,469) |
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(99,394) |
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| Interest income |
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7 |
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72 |
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| Interest expense |
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(1,969) |
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(1,473) |
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| Other (expense) income, net |
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(5,979) |
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108,580 |
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| Loss before income taxes |
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$ |
(43,410) |
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$ |
7,785
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| Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas |
In accordance with ASC 280—Segment Reporting, the Company attributes Product Sales (and the related cost of Product Sales) based on the location of the subsidiary that made the sale, as opposed to the location of the customer or point of shipment.
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Three Months Ended March 31, |
| (in thousands) |
2023 |
|
2022 |
| Revenue by Country |
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| USA |
$ |
22,107 |
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$ |
26,590 |
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| Rest of the world |
7,430 |
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|
8,785 |
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| Total |
$ |
29,537
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$ |
35,375
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No other country in the rest of the world exceeds 10% of Revenue.
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| (in thousands) |
March 31, 2023 |
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December 31, 2022 |
| Long-lived assets by country |
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| USA |
$ |
114,352 |
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$ |
122,484 |
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| Canada |
32,637 |
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— |
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| Rest of the world |
27,151 |
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|
27,749 |
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| Total |
$ |
174,140
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$ |
150,233
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