SOS Limited (SOS) 6-K 2021 Q2 Unaudited interim condensed consolidated Statements of comprehensive of loss

Exhibit 99.1

SOS Limited

Unaudited interim condensed consolidated Statements of comprehensive of loss

(US$ thousands, except share data and per share data, or otherwise noted)

	Six months ended
	30-Jun-20			30-Jun-21
	US$			US$
Revenue		9,917			184,489
Business taxes and surcharges		(8	)		(11	)
Net revenue		9,909			184,479
Operating costs		(9,830	)		(167,238	)
Gross profit		79			17,240
Operating expenses
Selling expense		-			(30	)
G&A expense		(2,671	)		(37,353	)
Finance expense		-			(0	)
Total operating expenses		(2,671	)		(37,382	)
Operating loss		(2,591	)		(20,141	)
Non-operating income		48			305
Loss on acquisition		(5,679	)		-
Total other (expenses)/income		(5,631	)		305
Total operating loss before tax		(8,222	)		(19,836	)
Income tax expense		(1	)		(578	)
Net loss from continuing operations		(8,223	)		(20,414	)
Net loss from discontinued operation		(545	)
Minority interest					4
Net loss		(8,768	)		(20,411	)
Preferred dividends		-			-
Net loss attributible to ordinary shareholders		(8,768	)		(20,411	)
Foreign currency translation adjustment-net of tax		7			(2,992	)
Comprehensive of loss		(8,761	)		(23,402	)
Weighted average number of ordinary shares
Basic		50,210,478			490,720,471
*Diluted		-			-
EARNINGS PER SHARE
Basic		(0.17	)		(0.04	)
*Diluted		-			-
*N/A Anti-diluted shares not considered

	Six months ended
	30-Jun-20			30-Jun-21
	US$‘000’			US$‘000’
None -GAAP adjusted (loss)/profit before income tax expense		(1,263	)		(1,906	)

SOS Limited

Unaudited Condensed Consolidated Balance Sheet

(US$ thousands, except share data and per share data, or otherwise noted)

	30-Jun-20			30-Jun-21
Assets
Cash and cash equivlaents		610			185,451
Receivables		1,288			50,405
Inventory		-			102,566
Prepayment and other assets		16,829			164,333
Due from related parties		-			10,183
Contract assets		-			-
Intangible assets					12,222
Total current assetes		18,727			525,159
Property equipment and software-net		331			30,401
Goodwill		-			72
Operating lease Right of use assets-net					4,063
Assets of discontinued group		53,655			-
Total assets		72,713			559,695
Liabilities and Shareholder’s Equity
Liabilities:
Accrued liabilities		-			(24	)
Accounts payble		13,813			695
Tax payable		(15	)		(6,039	)
Other payables		6,763			(1,576	)
Due to related parties		-			2,406
Contract liability		-			802
Operating lease liability-current					866
Total current liabilities		20,561			(2,870	)
Operating lease liabilty-noncurrent					2,783
Liabilities of discontinued group		50,217			-
Total liabilities		70,778			(88	)
Paid up capital		14			71
Additional paid-in capital		10,647			577,280
Retained earnings		35			5,838
Current year net profit/(loss)		(8,768	)		(20,411	)
Other comprehensive income		7			(2,992	)
Total Shareholders’ Equity		1,935			559,786
Minority Interest					(4	)
Total Liabilities and Shareholders’ Equity		72,713			559,695

2

SOS Limited

Unaudited condensed consolidated statement of cash flow

(US$ thousands, except share data and per share data, or otherwise noted)

	30-Jun-20			30-Jun-21
Cash flows from operating activities:
Net (loss)		(8,768	)		(20,411	)
Adjustments:
Depreciation and amortization		3			5,509
Share-based compensation		737			17,927
Loss on acquisition		5,679			-
Inventory		-			(102,566	)
Receivables, prepayments and other assets		(12,393	)		(196,620	)
Due from RPTs		-			(10,183	)
Intangible assets					(12,221	)
Accrued liabilities		14,678			24
Accounts payable		-			(13,118	)
Tax payable		(15	)		(6,024	)
Other payables					(8,339	)
Due to RPTs					2,406
Contract liability and lease liability					4,450
Net cash used in operating activities from discontinued opeation		545			-
Net cash used in operating activities		466			(339,165	)
Cash flows from investing activities:
Purchase of property, equipment and software		(202	)		(34,205	)
Disposition of assets P2P		-			3,500
Investment in equity		(593	)		-
Net cash used in investing activities		(795	)		(30,705	)
Cash flows from financing activities:
Proceeds from share issuance		898			551,824
Proceeds from private equity placement					-
Net cash provided by financing activities		898			551,824
Exchange gain/(loss)		-			2,887
Net increase/(decrease), effect of exchange rate changes on cash and cash equivalent		569			184,841
Cash and cash equivalent at beginning of the period		41			610
Cash and cash equivalent at end of the period		610			185,451

Notes

1.Non-GAAP adjustments and Non-GAAP results

	Six months ended
	30-Jun-20			30-Jun-21
	US$‘000’			US$‘000’
None -GAAP adjusted (loss)/profit before income tax expense		(1,263	)		(1,906	)

The add-back adjustment was mainly associated with share-based compensation expenses of $17.9 million.

3

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