Exhibit 99.3
Reconciliation of Non-GAAP Results of Operations Measures to the Comparable GAAP Financial Measures
(In thousands of US dollars)
For the Six Months Ended June 30, | ||||||||
2023 | 2022 | |||||||
USD$ | USD$ | |||||||
Reconciliation of non-GAAP loss from operations: | ||||||||
Loss from operations | (4,059 | ) | (32,802 | ) | ||||
Add back: Share based compensation expenses | 1,218 | 29,942 | ||||||
Adjusted loss from operations | (2,841 | ) | (2,860 | ) | ||||
Reconciliation of non-GAAP net loss: | ||||||||
Net Loss | (4,477 | ) | (70,521 | ) | ||||
Add back: Share based compensation expenses | 1,218 | 29,942 | ||||||
Add back: Impairment of prepaid expenses and other current assets | - | 21,635 | ||||||
Add back: Provision for dealership settlement | - | 15,134 | ||||||
Adjusted Net loss | (3,259 | ) | (3,810 | ) |