Tingo (TIOG) 10-Q 31 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 30, 2023
Document Information Line Items
Entity Registrant Name	TINGO GROUP, INC.
Trading Symbol	TIO
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		205,219,048
Amendment Flag	false
Entity Central Index Key	0000854800
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-35850
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-0016420
Entity Address, Address Line One	28 West Grand Avenue
Entity Address, Address Line Two	Suite 3
Entity Address, City or Town	Montvale
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07645
City Area Code	(201)
Local Phone Number	225-0190
Title of 12(b) Security	Common stock, par value $0.001 per share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 53,195	$ 500,316
Trade accounts receivable, net	366,022	11,541
Inventories	142
Related party receivables	8,812	13,491
Other current assets	153,979	5,828
Total current assets	582,150	531,176
Property and equipment, net	591,282	855,125
Intangible assets, net	292,801	185,407
Goodwill	211,849	101,247
Right of use assets under operating lease	1,400	2,260
Long-term deposit and other non-current assets	463	514
Deferred tax assets	3,549	3,661
Restricted cash escrow	1,379	2,233
Micronet Ltd. equity method investment	315	735
Total long-term assets	1,103,038	1,151,182
Total assets	1,685,188	1,682,358
LIABILITIES, TEMPORARY EQUITY AND EQUITY
Short-term loan	165	460
Trade accounts payable	149,483	11,092
Deposit held on behalf of clients	1,493	2,528
Related party payables	25,606	57,506
Current operating lease liability	834	1,215
Other current liabilities	112,865	192,594
Total current liabilities	290,446	265,395
Long-term loan		377
Long-term operating lease liability	507	905
Promissory note	207,912
Deferred tax liabilities	108,974	89,597
Other long-term liability	644
Accrued severance pay	47	50
Total long-term liabilities	318,084	90,929
Commitment and Contingencies (Note 11)
Temporary equity
Series B preferred stock subject to redemption: $0.001 par value, 33,687.21 shares authorized and 0 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively.	553,035	553,035
Stockholders’ Equity:
Series A preferred stock: $0.001 par value, 2,604.28 shares authorized and 0 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	3	3
Common stock: $0.001 par value, 750,000,000 shares authorized, 164,968,599 and 157,599,882 shares issued and outstanding as of June 30, 2023, and December 31, 2022, respectively	165	158
Additional paid-in capital	893,471	889,579
Accumulated other comprehensive income (loss)	(520,627)	4,367
Accumulated earnings (deficit)	149,785	(123,463)
Tingo Group, Inc. stockholders’ equity	522,797	770,644
Non-controlling interest	826	2,355
Total stockholders’ equity	523,623	772,999
Total liabilities, temporary equity and stockholders’ equity	$ 1,685,188	$ 1,682,358

Unaudited Condensed Consolida_2

Unaudited Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	750,000,000	750,000,000
Common stock, shares issued	164,968,599	157,599,882
Common stock, shares outstanding	164,968,599	157,599,882
Series B preferred stock
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	33,687.21	33,687.21
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series A preferred stock
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Preferred stock par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	2,604.28	2,604.28

Unaudited Condensed Consolida_3

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Revenues	$ 977,169	$ 11,958	$ 1,828,414	$ 21,521
Cost of revenues	631,153	9,885	1,095,544	18,183
Gross profit	346,016	2,073	732,870	3,338
Operating expenses:
Research and development	333	346	696	941
Selling and marketing	89,139	1,035	174,207	3,552
General and administrative	23,416	13,665	53,043	20,991
Amortization of intangible assets	12,644	797	23,763	1,594
Loss from deconsolidation of subsidiaries	3,333		3,333
Impairment of long-term assets and goodwill	35,438		35,438
Total operating expenses	164,303	15,843	290,480	27,078
Profit (loss) from operations	181,713	(13,770)	442,390	(23,740)
Other income (loss), net	(788)	683	(363)	838
Financial income (expenses), net	(22,821)	(1,167)	(21,377)	(1,089)
Profit (loss) before provision for income taxes	158,104	(14,254)	420,650	(23,991)
Income tax expenses (benefit)	61,781	(5)	147,695	(1,081)
Net profit (loss) after provision for income taxes	96,323	(14,249)	272,955	(22,910)
Loss from equity investment	(212)	(187)	(420)	(371)
Net profit (loss)	96,111	(14,436)	272,535	(23,281)
Net loss attributable to non-controlling interests	(397)	(99)	(713)	(258)
Net profit (loss) attributable to Tingo Group, Inc.	$ 96,508	$ (14,337)	$ 273,248	$ (23,023)
Basic profit (loss) per share (in Dollars per share)	$ 0.59	$ (0.11)	$ 1.68	$ (0.18)
Diluted profit (loss) per share (in Dollars per share)	$ 0.18	$ (0.11)	$ 0.52	$ (0.18)
Weighted average common shares outstanding:
Basic (in Shares)	164,199,357	126,431,864	162,764,178	124,455,921
Diluted (in Shares)	527,222,097	126,431,864	525,786,518	124,455,921

Unaudited Condensed Consolida_4

Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Statement of Comprehensive Income [Abstract]
Net profit (loss)	$ 96,111	$ (14,436)	$ 272,535	$ (23,281)
Other comprehensive income (loss), net of tax:
Currency translation adjustment	(489,183)	648	(525,139)	565
Total comprehensive loss	(393,072)	(13,788)	(252,604)	(22,716)
Comprehensive loss attributable to non-controlling stockholders	(385)	(18)	(858)	(231)
Comprehensive loss attributable to Tingo Group, Inc.	$ (392,687)	$ (13,770)	$ (251,746)	$ (22,485)

Unaudited Condensed Consolida_5

Unaudited Condensed Consolidated Statements of Changes in Temporary Equity and Stockholders’ Equity - USD ($) $ in Thousands	Series A Preferred stock	Series B preferred stock subject to redemption	Common Stock	Additional Paid-in Capital	Accumulated Earnings (Deficit)	Accumulated Other Comprehensive Income (Loss)	Non- controlling Interest	Total
Balance at Dec. 31, 2021			$ 122	$ 220,786	$ (76,394)	$ (414)	$ 3,622	$ 147,722
Balance (in Shares) at Dec. 31, 2021			122,435,576
Shares issued to service providers and employees			$ 7	3,817				3,824
Shares issued to service providers and employees (in Shares)			7,130,631
Stock based compensation				235				235
Stock based compensation (in Shares)
Net profit (loss)					(23,023)		(258)	(23,281)
Other comprehensive income (loss)						538	27	565
Balance at Jun. 30, 2022			$ 129	224,838	(99,417)	124	3,391	129,065
Balance (in Shares) at Jun. 30, 2022			129,566,207
Balance at Mar. 31, 2022			$ 122	220,911	(85,080)	(443)	3,409	138,919
Balance (in Shares) at Mar. 31, 2022			122,435,576
Shares issued to service providers and employees			$ 7	3,817				3,824
Shares issued to service providers and employees (in Shares)			7,130,631
Stock based compensation				110				110
Stock based compensation (in Shares)
Net profit (loss)					(14,337)		(99)	(14,436)
Other comprehensive income (loss)						567	81	648
Balance at Jun. 30, 2022			$ 129	224,838	(99,417)	124	3,391	129,065
Balance (in Shares) at Jun. 30, 2022			129,566,207
Balance at Dec. 31, 2022	$ 3	$ 553,035	$ 158	889,579	(123,463)	4,367	2,355	772,999
Balance (in Shares) at Dec. 31, 2022	2,604	33,687	157,599,882
Shares issued to service providers and employees			$ 6	7,687				7,693
Shares issued to service providers and employees (in Shares)			6,437,500
Stock based compensation				54				54
Stock based compensation (in Shares)
Net profit (loss)					273,248		(713)	272,535
Warrants repurchase agreements				(6,548)				(6,548)
Warrants repurchase agreements (in Shares)
Exercising of warrants			$ 1	2,699				2,700
Exercising of warrants (in Shares)			931,217
Deconsolidation of subsidiaries							(671)	(671)
Deconsolidation of subsidiaries (in Shares)
Other comprehensive income (loss)						(524,994)	(145)	(525,139)
Balance at Jun. 30, 2023	$ 3	$ 553,035	$ 165	893,471	149,785	(520,627)	826	523,623
Balance (in Shares) at Jun. 30, 2023	2,604	33,687	164,968,599
Balance at Mar. 31, 2023	$ 3	$ 553,035	$ 164	896,398	53,277	(31,432)	1,882	920,292
Balance (in Shares) at Mar. 31, 2023	2,604	33,687	163,727,382
Shares issued to service providers and employees				898				898
Shares issued to service providers and employees (in Shares)			310,000
Stock based compensation				24				24
Stock based compensation (in Shares)
Net profit (loss)					96,508		(397)	96,111
Warrants repurchase agreements				(6,548)				(6,548)
Warrants repurchase agreements (in Shares)
Exercising of warrants			$ 1	2,699				2,700
Exercising of warrants (in Shares)			931,217
Deconsolidation of subsidiaries							(671)	(671)
Deconsolidation of subsidiaries (in Shares)
Other comprehensive income (loss)						(489,195)	12	(489,183)
Balance at Jun. 30, 2023	$ 3	$ 553,035	$ 165	$ 893,471	$ 149,785	$ (520,627)	$ 826	$ 523,623
Balance (in Shares) at Jun. 30, 2023	2,604	33,687	164,968,599

Unaudited Condensed Consolida_6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profit (loss)	$ 272,535	$ (23,281)
Adjustments to reconcile net profit (loss) to net cash provided by (used in) operating activities:
Impairment of long-term assets	15,650
Impairment of goodwill	19,788
Loss from deconsolidation of subsidiaries	3,333
Loss from equity investment	420	371
Depreciation and amortization	213,257	1,709
Provision for doubtful accounts	84	80
Issuance of shares for service providers and employees	7,693	3,824
Stock-based compensation	54	235
Changes in assets and liabilities:
Deferred taxes, net	(9,688)	(1,174)
Long-term deposit and other non-current assets	48	369
Right of use assets	859	338
Lease liabilities	(780)	(264)
Due to related party	(683)	494
Promissory note	3,912
Trade accounts receivable, net	(163,694)	5,774
Inventories	(142)
Other current assets	(146,630)	1,048
Trade accounts payable	(55,518)	(6,137)
Deposit held on behalf of client	(1,035)	(1,622)
Other current liabilities	(90,569)	1,692
Net cash provided by (used in) operating activities	68,894	(16,544)
CASH FLOWS FROM INVESTING ACTIVITIES:
Advances and purchases of property and equipment	(434,365)	(104)
Acquisition of Tingo Foods (Appendix A)	56,849
Receipt of loan from related party (Micronet)		534
Loan to Tingo pursuant to the merger agreement		(3,000)
Net cash used in investing activities	(377,516)	(2,570)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of short-term loan	(154)	(736)
Repayment of loan from related party	(9,831)
Repurchase of warrants	(6,548)
Proceeds from Common shares issued for warrant exercises	2,700
Net cash used in financing activities	(13,833)	(736)
TRANSLATION ADJUSTMENT ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(125,520)	445
NET CHANGE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	(447,975)	(19,405)
Cash and cash equivalents and restricted cash at beginning of the period	502,549	99,036
Cash and cash equivalents and restricted cash at end of the period	54,574	79,631
Amount paid during the period for:
Interest	19	5
Taxes	$ 174,152	$ 254

Cash and Cash Equivalent and Re

Cash and Cash Equivalent and Restricted Cash Reported within the Statement of Financial Position $ in Thousands	Feb. 09, 2023 USD ($)
Minimum
Cash and cash equivalents at end of the period	$ 53,195
Restricted cash at end of the period	1,379
Cash and cash equivalents and restricted cash at end of the period	54,574
Maximum
Cash and cash equivalents at end of the period	77,332
Restricted cash at end of the period	2,299
Cash and cash equivalents and restricted cash at end of the period	79,631
Acquisition of Tingo Foods
Net working capital	14,772
Property and equipment	(12,235)
Intangible assets	(147,774)
Goodwill	(46,246)
Deferred tax liabilities	44,332
Promissory note	204,000
Net cash provided by acquisition	$ 56,849

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2023
Description of Business [Abstract]
DESCRIPTION OF BUSINESS	NOTE 1 — DESCRIPTION OF BUSINESS Overview Tingo Group, Inc. (“Tingo Group”, the “Company”, “we”, “us”, “our”) was formed as a Delaware corporation on January 31, 2002 under the name Lapis Technologies, Inc. On March 14, 2013, we changed our corporate name to Micronet Enertec Technologies, Inc. On July 13, 2018, following the sale of our former subsidiary, Enertec Systems Ltd., we changed our name to MICT, Inc. On February 27, 2023, following the merger transaction with Tingo Mobile Limited (“Tingo Mobile”), we changed our name to Tingo Group, Inc. Our shares have been listed for trading on The Nasdaq Capital Market (“Nasdaq”) since April 29, 2013 and trade under the symbol “TIO”. The Company is a holding company conducting financial technology business, agri-fintech and food business through its subsidiaries and entities, both wholly-owned and controlled through various variable interest entity (“VIE entities”, together with the Company, the “Group”) arrangements (“VIE”), which are located mainly in Africa, Southeast Asia and the Middle East. The Group’s business has changed materially since December 1, 2022, following the completion of two material acquisitions of Tingo Mobile and Tingo Foods PLC (“Tingo Foods”), the details of which are described below under “ Acquisition of Tingo Mobile” Acquisition of Tingo Foods” As of June 30, 2023, we operate in five segments and following the recent launch of TingoPay we will be operating in six segments (i) verticals and technology, comprised of our operations in China where we operate our insurance brokerage business (“Verticals and Technology”); (ii) online stock trading, primarily comprised of the operation of Magpie Securities Limited (“Magpie”) through which we operate the online stock trading business, primarily out of Hong Kong and Singapore (“Online Stock Trading”); (iii) comprehensive platform service, which includes the operations of Tingo Mobile described below (“Comprehensive Platform Service”); (iv) food processing, where crops and raw foods are purchased by Tingo Foods, before being processed into finished food products, through arrangements with third party rice mills, cashew processing plants, and other food processing companies, and sold to large food distributor and wholesaler companies (Tingo Foods was purchased by the Company in February 2023) (“Food Processing”); (v) export and commodity trading, where both agricultural commodities and processed foods are exported and traded on a global basis through Tingo DMCC, which operates from the Dubai Multi Commodity Centre (the “DMCC”) (“Export and Commodity Trading”); and (vi) Consumer Super App, digital payment services and merchant services, which in partnership with Visa operates the TingoPay Super App (currently in a beta version) offering retail customers a range of services, including but not limited to online payments in their domestic or foreign currencies, as well as the ability to manage their Visa cards, pay bills, arrange insurance, arrange loans and purchase mobile telephone top-ups. TingoPay also offers businesses a range of Visa powered merchant services. As further discussed in Note 5 the Company decided to exit its operations of one of its VIEs (as explained below). The Company is reconsidering its focus areas. As part of the reconsideration the Company considering the exit of other operations in China and subsequent to the balance sheet date decided on the cessation and abandonment of the operations of Magpie. Since July 1, 2020, as a result of the Company’s acquisition of GFH Intermediate Holdings Ltd (“GFHI ”) (the “GFHI Acquisition”) the Group has been operating in the financial technology sector. GFHI is a financial technology company with a marketplace in China, as well as the wider southeast Asia area and other parts of the world and is currently in the process of building various platforms for business opportunities in different verticals and technology segments to capitalize on such technology and business, including the Company’s recent acquisitions of Tingo Mobile and Tingo Foods. The Company plans to increase its capabilities and its technological platforms through acquisition and licensing technologies to support its growth efforts, particularly in the agri-fintech, payment services, digital marketplace and financial services sectors. Acquisition of Tingo Mobile Overview Consideration Provided Key Terms of Series A Preferred Stock as part of the consideration paid by the Company to TMNA at the closing of the Merger, the Company issued 2,604.28 shares of Series A Preferred Stock which are convertible into 26,042,808 shares of Common Stock equal to approximately 20.1% of the total issued and outstanding Common Stock immediately 2,604.28 Key Terms of Series B Preferred Stock On July 5, 2023, the Company entered into a forbearance agreement with the holder of the Series B Preferred Stock under the terms of which the Series B holder agreed not to redeem the Series B Preferred Stock or take any other action in connection with the Series B Preferred Stock until September 30, 2023. Loan to TMNA Acquisition of Tingo Foods On February 9, 2023, the Company and MICT Fintech Ltd., an indirect wholly owned subsidiary of the Company organized under the laws of the British Virgin Islands (“Tingo Group Fintech”) purchased from Dozy Mmobuosi 100% of the ordinary shares of Tingo Foods (the “Acquisition”). Mr. Mmobuosi is the majority shareholder and Chief Executive Officer of TMNA. Tingo Foods started its operational business in September 2022, since which time its food processing activities have been conducted through arrangements with third party rice mills, cashew processing plants and other food processing companies, and the finished food products are sold to large food distributor and wholesaler companies. As consideration for the Acquisition, the Company agreed to pay Mr. Mmobuosi, a purchase price equal to the cost value of Tingo Foods’ stock, which will be satisfied by the issuance of a secured promissory note (“Promissory Note”) in the amount of US$204,000 and certain undertakings and obligations of the Company. The Promissory Note is for a term of two years with an interest rate of 5%. MICT Fintech agreed to certain covenants with respect to its ability to incur additional debt or create additional liens. The Acquisition will not result in any new issuance of our Common Stock nor of any instruments convertible into shares of the Company. The parties additionally agreed that Mr. Mmobuosi, as the owner of the real property on which the business of Tingo Foods is located and operates, to finance and complete construction of the building, and for the Company and Tingo Foods to fit out the building and premises, including the installation of mechanized equipment, for the specialized operations of a large food processing facility. Lastly, Mr. Mmobuosi will also provide the Company and Tingo Foods with a long-term lease with respect to the real property. Variable Interest Entities (VIEs) We currently conduct our insurance broker business in China using VIEs. The Company consolidates certain VIEs for which it is the primary beneficiary. VIEs consist of certain operating entities not wholly owned by the Company. The assets and liabilities of the Company’s VIEs prior to intercompany adjustments included in the Company’s unaudited condensed consolidated financial statements as of June 30, 2023, and December 31, 2022 are as follows: June 30, December 31, Current assets: Cash and cash equivalent $ 157 $ 3,690 Trade accounts receivable, net 69 6,823 Related party receivables 1,932 2,001 Other current assets 177 2,278 Total current assets 2,335 14,792 Property and equipment, net 37 176 Intangible assets, net 3 5,712 Long-term deposit and other non-current assets - 48 Right of use assets under operating lease 101 711 Restricted cash escrow 690 1,479 Deferred tax assets 822 793 Total long-term assets 1,653 8,919 Total assets $ 3,988 $ 23,711 Current liabilities: Short-term loan $ - $ 286 Trade accounts payable 91 4,817 Related party payables 3,822 4,002 Current operating lease liability 100 230 Other current liabilities 28 4,515 Total current liabilities 4,041 13,850 Long-term liabilities: Long-term loan - 377 Long-term operating lease liability - 257 Deferred tax liabilities - 224 Total long-term liabilities - 858 Total liabilities $ 4,041 $ 14,708 Net revenues, profit (loss) from operations and net profit (loss) of the VIEs that were included in the Company’s unaudited condensed consolidated financial statements for the three and six months ended June 30, 2023, and 2022 are as follows: For the For the For the For the June 30, June 30, June 30, June 30, 2023 2022 2023 2022 Net revenues $ 30,285 $ 19,593 $ 11,649 $ 10,729 Profit (loss) from operations $ 295 $ (2,321 ) $ 1,102 $ (137 ) Net profit (loss) $ 273 $ (1,504 ) $ 618 $ 68

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim Financial Statements These unaudited interim condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of U.S. Securities and Exchange Commission Regulation S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included (consisting only of normal recurring adjustments except as otherwise discussed). For further information, reference is made to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Operating results for the three and six months periods ended June 30, 2023, are not necessarily indicative of the results that may be expected for the year ending December 31, 2023. Significant Accounting Policies The significant accounting policies followed in the preparation of these unaudited interim condensed consolidated financial statements are identical to those applied in the preparation of the latest annual financial statements, except for revenue recognition policy presented below. Recent Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s condensed financial statements. Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Significant items subject to such estimates and assumptions include, but are not limited to, the initial and recurring valuation of certain assets acquired and liabilities assumed through acquisitions, goodwill and its impairment, allowance for credit losses, impairment of long-lived and intangible assets and contingencies. These estimates are made and evaluated on an on-going basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates. Functional currency and Exchange Rate Income (Loss) The functional currency of our foreign entities is their local currency. For these foreign entities, we translate their financial statements into U.S. dollars using average exchange rates for the period for statements of operations amounts and using end-of-period exchange rates for assets and liabilities. We record these translation adjustments in Accumulated other comprehensive income (loss), a separate component of stockholders’ equity, in our consolidated balance sheets. Exchange gains and losses resulting from the conversion of transaction currency to functional currency are charged or credited to other comprehensive income (loss), net of tax. The exchange rate used for conversion balance sheet and statements of operations data from Nigerian Naira and Renminbi (“RMB”) to USD is presented below: Currency For the USD USD December 31, Naira 481.977 770.38 448.55 RMB 6.928 7.2513 6.8972 Revenue Recognition The Company follows ASC 606 “Revenue from Contracts with Customers” and recognizes revenue when it transfers the control of promised goods or services to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company’s revenues from Tingo Mobile’s comprehensive platform service are recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. The Company offers customers the ability to lease the phones on one-year terms, and purchase data and calls, as well as use of the NWASSA platform. As part of these contracts, the Company records revenue from the lease on a straight-line basis over the lease term. The Company also records depreciation expense on a straight-line basis over the useful life of the phones, which is estimated by management at three years. The Company exercised judgement in determining the accounting policies related to these transactions, including the following: ● Determination of whether products and services are considered distinct performance obligations that should be accounted for separately versus together, such as phone leases and purchase of data. ● Determination of stand-alone selling prices for each distinct performance obligation and for products and services that are not sold separately. ● The pattern of delivery (i.e., timing of when revenue is recognized) for each distinct performance obligation. ● Estimation of variable consideration when determining the amount of revenue to recognize (i.e., separate items on NWASSA platform) Tingo Foods is a diversified food processing company, which uses domestic inputs purchased from farmers across Nigeria and processes them into finished foods. Since the commencement of its operations in September 2022, the food processing activities of Tingo Foods have been conducted through arrangements with third party rice mills, cashew processing plants and other food processing companies, and the finished food products are sold to large food distributor and wholesaler companies. In 2023, we launched our global commodities trading platform and export business (“Tingo DMCC”) from DMCC, which is regarded as the Free Trade Zone and a major global commodity trading center, to facilitate purchases and export of agricultural commodities from both its existing customer base and new customers. Tingo DMCC exports agricultural produce, including rice, wheat, millet and maize. The Company’s revenues from Tingo Foods and Tingo DMCC are recognized when control over the finished goods transfers to its customers, which generally occurs upon shipment to, or receipt at, customers’ locations, as determined by the specific terms of the contract. These revenue arrangements generally have single performance obligations. The arrangements are free from variable consideration and consideration payable to our customers, including applicable discounts, returns, allowances, trade promotion, unsaleable product, consumer coupon redemption and rebates. Amounts billed and due from our customers are classified as receivables and require payment on a short-term basis; therefore, the Company does not have any significant financing components. The Company records revenues from Tingo Foods and Tingo DMCC on a gross basis because the Company controls the products before they are transferred to the customers determined on the basis that: (1) the Company is primarily responsible for fulfilling its promise to deliver the specified products to customers; (2) the Company has inventory risk before the specified products are transferred to a customers, and (3) the Company has discretion in establishing the price for the specified products. The Company’s revenues from the insurance segment are generated from providing insurance brokerage services or insurance agency services on behalf of insurance carriers. Our performance obligation to the insurance carrier is satisfied and commission revenue is recognized at a point in time when an insurance policy becomes effective. The Company provides customers with information regarding services and commission charge from the customers on a monthly basis. Performance obligation is satisfied at a point in time when the requested information is delivered to the customer. In accordance with ASC 606-10-55, Revenue Recognition: Principal Agent Considerations, the Company reports revenue on a gross or net basis based on management’s assessment of whether the Company acts as a principal or agent in the transaction. To the extent the Company acts as the principal, revenue is reported on a gross basis. To the extent the Company acts as the agent, revenue is reported on a net basis. The determination of whether the Company act as a principal or an agent in a transaction is based on an evaluation of whether the Company controls the good or service prior to transfer to the customer. The Company reports its insurance revenue net of amounts due to the insurance companies as the Company is not the primary obligor in the relevant arrangements, the Company does not finalize the pricing, and does not bear any risk related to the insurance policies. The Company’s revenues from the Online Stock Trading platform are generated from stock trading commission income. Commission revenue is recognized at a point in time when transfer of control occurs. Trade execution performance obligation generally occurs on the trade date because that is when the underlying financial instrument (for a purchase or for a sale) is identified, and the pricing is agreed upon.

Tingo Mobile Transaction

Tingo Mobile Transaction	6 Months Ended
	Jun. 30, 2023
Tingo Mobile Limited Transaction [Abstract]
TINGO MOBILE TRANSACTION	NOTE 3 — Tingo Mobile, Purchase Price Allocation The table set forth below summarizes the estimates of the fair value of assets acquired and liabilities assumed and resulting goodwill. During the measurement period, which is up to one year from the acquisition date, we may adjust provisional amounts that were recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date. In addition, the following table summarizes the allocation of the preliminary purchase price as of the acquisition date: Total Merger consideration (1) $ 1,215,241 Total purchase consideration $ 1,215,241 Less: Net working capital $ 170,327 Property and equipment 760,661 Intangible – farmer cooperative 24,893 Intangible – trade names and trademarks 54,576 Intangible – software 90,030 Deferred tax liability (2) (50,849 ) $ 1,049,638 Goodwill (3) $ 165,603 (1) The $1,215,241 value of the Merger consideration transferred was determined in accordance with ASC 820 and ASC 805. ASC 820 requires that fair value to maximize objective evidence and be determined using assumptions that a market participant would use, and when level 1 inputs exist, it should be used unless determined to be not representative. That would have meant using the unadjusted Tingo Group quoted price at the time of completion of the Transaction. The Company is of the opinion however, that the market value per share price as quoted on Nasdaq is not representative of the fair value and should not be used to determine the merger consideration. Using market value per share of Tingo Group would have led to a significant bargain purchase gain and an internal rate of return that was not reasonable as well as other valuation anomalies that it created. Hence, and in accordance with ASC 805-30-30-5, the Company reassessed the determination of the consideration transferred and determined that the use of the quoted price of Tingo, Inc’s share price on the OTC at market close is more appropriate in determining the consideration fair value. (2) Represents the income tax effect of the difference between the accounting and income tax bases of the identified intangible assets, using an assumed statutory income tax rate of 30%. (3) The goodwill is not deductible for tax purposes. Tingo Group’s net revenues and net profit are presented if the acquisition date of Tingo Mobile had occurred at the beginning of the previous comparable period. For the For the For the For the June 30, June 30, June 30, June 30, 2023 2022 2023 2022 Revenues $ 1,828,414 $ 547,263 $ 977,169 $ 280,643 Net profit attributable to Tingo Group, Inc $ 273,248 $ 82,180 $ 96,508 $ 58,117

Tingo Foods PLC Purchase Price

Tingo Foods PLC Purchase Price Allocation	6 Months Ended
	Jun. 30, 2023
Tingo Foods PLC Purchase Price Allocation [Abstract]
Tingo Foods PLC Purchase Price Allocation	Note 4 — Tingo Foods PLC Purchase Price Allocation The table set forth below summarizes the estimates of the fair value of assets acquired and liabilities assumed and resulting goodwill. In addition, the following table summarizes the allocation of the preliminary purchase price as of the acquisition date. The amounts are provisional and will be adjusted during the measurement period, and additional assets or liabilities may be recognized to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the amounts recognized as of that date. Total Merger consideration (1) $ 204,000 Total purchase consideration $ 204,000 Less: Net working capital $ 42,077 Property and equipment 12,235 Intangible – Customer Relationships 125,677 Intangible – trade names and trade marks 22,097 Deferred tax liability (2) (44,332 ) $ 157,754 Goodwill (3) $ 46,246 (1) The $204,000 value of the Merger Consideration transferred as the Promissory Note. The Promissory Note is for a term of two years with an interest rate of 5% per annum. The interest rate on the Promissory Note is reasonably reflective of a market-participant rate. MICT Fintech agreed to certain covenants in connection with the Promissory Note, including with regard to its ability to incur additional debt or create additional liens. The Acquisition will not result in any new issuance of shares of Common Stock, nor of any instruments convertible into shares of Common Stock. (2) Represents the income tax effect of the difference between the accounting and income tax bases of the identified intangible assets, using an assumed statutory income tax rate of 30%. (3) The goodwill is not deductible for tax purposes. Tingo Group’s net revenues and net profit are presented if the acquisition date of Tingo Foods had occurred at the beginning of the previous comparable period. Since Tingo Foods started its operational business in September 2022, revenues and net profit for three and six zero (USD in thousands) For the For the Revenues $ 1,860,348 977,169 Net profit attributable to Tingo Group, Inc. $ 275,626 96,508 The revenues and net profit of Tingo Foods since the acquisition date included in the unaudited condensed consolidated statements of operations for the reporting period are $983,653 and $122,341, respectively.

Exit of All Weather

Exit of All Weather	6 Months Ended
	Jun. 30, 2023
Exit of All Weather [Abstract]
Exit of All Weather	Note 5 — Exit of All Weather On July 1, 2021, we entered into a transaction through Tianjin Bokefa Technology Co., Ltd. (“Bokefa”), with the shareholders of All Weather Insurance Agency Co., Ltd. (the “All Weather”), a local Chinese entity with business and operations in the insurance brokerage business. Pursuant to the transaction, we granted loans to All Weather’s shareholders through a framework loan (the “AW Framework Loan”) in the amount of up to RMB 30,000 (approximately $4,700) which is designated, if exercised, to be used as a working capital loan for All Weather. As of December 31, 2021, RMB 30,000 (approximately $4,700) was drawn down from the AW Framework Loan for working capital. In consideration for the AW Framework Loan, the parties entered into various additional agreements as more fully described in our annual report. Through these series of agreement, we determined that we are the primary beneficiary, and consolidated All Weather. During the second quarter of 2023, the Company's management decided to focus its operations on recent acquisitions of Tingo Mobile and Tingo Foods. That decision led to abandon our interests in All Weather. As part of the decision, the Company demanded the full repayment of the loan granted to All Weather’s shareholders. As of the decision date, the Company is no longer consolidating All Weather. The Company recorded a loss from deconsolidation of All Weather of $3,333 in the consolidated statements of operations.

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Jun. 30, 2023
Stockholders’ Equity [Abstract]
Stockholders’ Equity	Note 6 — Stockholders’ Equity A. Common Stock: Common Stock confers upon its holders the rights to receive notice to participate and vote in general meetings of the Company, and the right to receive dividends if declared. B. Series A Preferred Stock: As part of the consideration paid by the Company to TMNA at the closing of the Merger on December 1, 2022, the Company issued 2,604.28 shares of Series A Preferred Stock which are convertible into 26,042,808 shares of Common Stock equal to approximately 20.1% of the total issued and outstanding Common Stock immediately C. Temporary equity: As part of the consideration paid by the Company to TMNA at the closing of the Merger on December 1, 2022, the Company issued 33,687.21 shares of Series B Preferred Stock which are convertible into 336,872,138 shares of Common Stock equal to approximately 35% of the total issued and outstanding Company common stock immediately prior to the closing date of the Merger. The shares of Series B Preferred Stock will be convertible into Common Stock upon approval by Nasdaq of the change of control of the Company and upon the approval of the Company’s stockholders. If such stockholder or Nasdaq approval is not obtained by June 30, 2023, TMNA shall have the right to (i) cause the redemption of Series B Preferred Stock to take place within 90 days; and (ii) cause the Company to redeem all of the Series B Preferred Stock in exchange for $666,666,667 or an amount of common stock of TGH equivalent in value to $666,666,667. As the redemption provisions to redeem the Series B Preferred Stock in cash is outside the control of the Company and contingent upon the approval of stockholders or Nasdaq approval of the change in control application of the Company, they are required to be presented outside of stockholders’ equity and therefore were presented as temporary equity on the face of the consolidated balance sheets. On July 5, 2023, the Company entered into a forbearance agreement with the holder of the Series B Preferred Stock under the terms of which the Series B Preferred Stockholder agreed not to redeem the Series B Preferred Stock, or take any other action in connection with the Series B Preferred Stock, until September 30, 2023. D. Stock Option Plan: 2012 Plan. 2020 Plan. The following table summarizes information about stock options outstanding and exercisable as of June 30, 2023: Options Outstanding Options Exercisable Number Weighted Number Exercise Years $ 125,000 8 125,000 1.41 340,000 8 340,000 1.81 95,000 8 63,333 2.49 560,000 528,333 For the For the Number of Options Weighted Number of Options Weighted Options outstanding at the beginning of period: 590,000 $ 1.83 1,558,000 $ 1.74 Changes during the period: Granted — $ — — $ — Exercised — $ — — $ — Forfeited (30,000 ) $ 1.81 (968,000 ) $ 1.68 Options outstanding at the end of the period 560,000 $ 1.83 590,000 $ 1.83 Options exercisable at the end of the period 528,333 $ 1.79 434,167 $ 1.74 The Company has warrants outstanding as follows: Warrants Average Remaining Balance, December 31, 2022 62,863,879 $ 2.854 4.25 Granted - $ - - Repurchase (25,981,836 ) $ 0.25 - Exercised (1,015,386 ) $ 3.07 - Balance, June 30, 2023 35,866,657 $ 2.84 3.25 The Company is required to assume a dividend yield as an input in the Black-Scholes model. The dividend yield assumption is based on the Company’s historical experience and expectation of future dividends payouts and may be subject to change in the future. The Company uses historical volatility in accordance with FASB ASC Topic 718, “Compensation - stock compensation”. The computation of volatility uses historical volatility derived from the Company’s exchange-traded shares. The risk-free interest assumption is the implied yield currently available on U.S. Treasury zero-coupon bonds, issued with a remaining term equal to the expected life term of the Company’s options. Pre-vesting rates forfeitures were zero based on pre-vesting forfeiture experience. The fair value of each option granted is estimated on the date of grant, using the Black-Scholes option-pricing model with the following weighted average assumptions: dividend yield of 0% for all years; expected volatility: as of June 30, 2023 and December 31, 2022-87.2%-100.4%; risk-free interest rate: as of June 30, 2023 and December 31, 2022-0.99%-1.64%; and expected life: as of June 30, 2023 and December 31, 2022 -6.5-10 years. The Company uses the simplified method to compute the expected option term for options granted. Compensation expenses in respect of our stock option plans were recorded by the Company in line “General and administrative” expenses in the statements of operations. On February 2, 2023, the Company entered into settlement and repurchase agreements (the “Repurchase Agreements”) with certain holders of the outstanding warrants over its Common Stock (“Warrant Holders”). The warrants being repurchased were originally issued by the Company between November 2020 and March 2021 pursuant to three offerings of Common Stock and warrants. The exercise prices of the warrants were $3.12 in the first offering and $2.80 in the subsequent two offerings, with various expiration dates falling between August 16, 2024, and August 16, 2026. The repurchase will result in the surrender and cancellation of the warrants held by each Warrant Holder. Pursuant to the Repurchase Agreements, the Company paid $0.15 per share in April 2023 and $0.10 per share on May 1, 2023, at an aggregate amount of $6,548. E. Issuance of Shares: On February 5, 2023, The Company granted 1,309,500 shares of Common Stock of the Company to Cushman Holdings Limited, an unrelated third party, as a success fee relating to the completion of the acquisition of Tingo Mobile. On February 5, 2023, The Company granted 750,000 shares of Common Stock to an unrelated third party, relating to the purchase by GFH Intermediate Holdings Limited of certain software, technology and intellectual property from the beneficial owner of Data Insight Holdings Limited, On February 5, 2023, The Company granted 100,000 shares of Common Stock to China Strategic Investments Limited as an ex-gratia payment for the provision of corporate finance services. On February 5, 2023, The Company granted 720,000 shares of Common Stock to certain directors and employees. The shares were issued pursuant to the 2020 Incentive Plan and 2012 Incentive Plan. On February 5, 2023, the Company’s Board unanimously approved a grant of 3,200,000 fully vested shares of Common Stock to Mr. Darren Mercer in recognition of the completion of the Merger which is expected to be transformational for the Company. The size of the award takes into account the improved terms for the Company that were negotiated in October 2022, and also the value Mr. Mercer is delivering to the growth of the Company. On March 6, 2023, The Company granted 48,000 shares of Common Stock to Corprominence LLC as part of the payment for their services. On May 12, 2023, The Company granted 60,000 shares of Common Stock to certain employees. The shares were issued pursuant to the 2020 Incentive Plan and 2012 Incentive Plan. On May 12, 2023, The Company granted 250,000 shares of Common Stock to China Strategic Investments Limited as an ex-gratia payment for the provision of corporate finance services. On June 23, 2023, The Company issued 65,831 shares of Common Stock to WARBERG WF IX LP as part of the exercise of warrants. Compensation expenses in respect of shares issued to service providers and employees were recorded by the Company in line “General and administrative” expenses in the statements of operations. On July 27, 2023, the Company issued 26,042,808 shares of Common Stock, pursuant to the conversion of 2,604.28 shares of Series A Preferred Stock under the terms of the Series A Preferred Stock Certificate of Designation (the “Series A Preferred Stock Certificate of Designation”). The Company held a special meeting of stockholders on June 7, 2023, during which shareholder approval was received for such conversion. On July 27, 2023, the Company issued 13,167,641 shares of Common Stock On July 31, 2023, the Company issued 1,000,000 shares of Common Stock as a payment to Hadron Group for financial services. On August 1, 2023, The Company granted 40,000 shares of Common Stock of the Company to certain employees as part of their employment agreement.

Segments

Segments	6 Months Ended
	Jun. 30, 2023
Segments [Abstrsct]
SEGMENTS	NOTE 7 — SEGMENTS ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, operating segments and major customers in financial statements for detailing the Company’s operating segments. Operating segments are based upon our internal organization structure, the manner in which our operations are managed and the availability of separate financial information. As a result of our acquisition of GFHI on July 1, 2020, and Tingo Mobile on December 1, 2022, we currently serve the marketplace, through our operating subsidiaries, as a financial technology company (Fintech Industry) targeting the African, Middle Eastern and South East Asia marketplaces as well as other areas of the world. During the period between June 23, 2020 and May 9, 2021, we have held a controlling interest in Micronet Ltd. (“Micronet”), and we have presented our mobile resource management (“MRM”) business operated by Micronet as a separate operating segment. As of May 9, 2021, the Company’s ownership interest was diluted and, as a result, we deconsolidated Micronet. As of June 30, 2023, the Company has five segments. This change came with the acquisition of Tingo Foods on February 9, 2023. The Company changed its reporting structure to better reflect what the chief operating decision maker (“CODM”) is reviewing to make organizational decisions and resource allocations. Following the loss of control over Micronet, MRM is no longer a separate operating segment or reportable segment since the CODM does not review discrete financial information for the business. The Company recast the information as of June 30, 2023 to align with this presentation. The activities of each of our reportable segments from which the Company earns revenues, records equity earnings or losses and incurs expenses are described below: ● Verticals and Technology segment develops insurance platform for the Chinese market and have been generating revenues from insurance products in China. ● Comprehensive Platform Service segment develops Nwassa agri-fintech marketplace platform, which enables customers in Nigeria to trade agricultural produce with customers, as well as to purchase farming inputs, to recharge airtime and data, to pay bills and utilities, to arrange insurance and to procure finance. ● Online Stock Trading segment develops technology investment trading platform that is currently operational in Hong Kong and Singapore. ● Food Processing segment, which purchases crops and raw foods, before processing them into finished food products through arrangements with third party rice mills, cashew processing plants, and other food processing companies, to be sold to large food distributor and wholesaler companies (Tingo Foods was purchased by the Company in February 2023) ● Export and Commodity Trading, where both agricultural commodities and processed foods are exported and traded on a global basis through Tingo DMCC, which operates DMCC. The following table summarizes the financial performance of our operating segments: For the six months ended June 30, 2023 (USD in thousands) Verticals Online Corporate Comprehensive Export and Food Consolidated Revenues from external customers $ 33,721 $ 28 $ - $ 463,016 $ 347,997 $ 983,652 $ 1,828,414 Segment operating Income (loss) (41,054 ) (4,515 ) (14,744 ) 229,289 69,599 203,815 442,390 Other income (loss), net (492 ) (9 ) - 138 - - (363 ) Financial income (expenses), net 81 (439 ) (2,088 ) (17,776 ) - (1,155 ) (21,377 ) Consolidated profit before provision for income taxes $ 420,650 (1) Includes: (1) $1,806 Impairment of intangible assets from Guangxi Zhongtong Insurance Agency Co., Ltd, (2) $7,777 Impairment of intangible assets from GFH transaction (3) $4,814 Impairment of intangible assets from Beijing Fucheng Lianbao Technology Co. (4) $19,788 impairment of goodwill derived from GFHI acquisition. (5) $3,333 loss from All Weather’s deconsolidation (6) $1,578 of intangible assets amortization. (2) Corporate and others segment represents those results that: (i) are not specifically attributable to a reportable segment; (ii) are not individually reportable or (iii) have not been allocated to a reportable segment for the purpose of evaluating their performance, including certain general and administrative expense items. (3) Includes $14,488 of intangible assets amortization, derived from the Tingo Mobile merger. (4) Includes $1,253 Impairment of intangible assets from Magpie. (5) Includes $7,697 of intangible assets amortization, derived from the Tingo Foods acquisition. For the three months ended June 30, 2023 (USD in thousands) Verticals Online Corporate Comprehensive Export and Food Consolidated Revenues from external customers $ 13,169 $ 20 $ - $ 209,550 $ 347,997 $ 406,433 $ 977,169 Segment operating Income (loss) (37,830 ) (2,814 ) (4,827 ) 97,215 69,599 60,370 181,713 Other income (loss), net (940 ) (1 ) - 153 - - (788 ) Financial income (expenses), net 16 (392 ) (1,454 ) (20,119 ) - (872 ) (22,821 ) Consolidated profit before provision for income taxes $ 158,104 (1) Includes: (1) $1,806 Impairment of intangible assets from Guangxi Zhongtong Insurance Agency Co., Ltd, (2) $7,777 Impairment of intangible assets from GFH transaction (3) $4,814 Impairment of intangible assets from Beijing Fucheng Lianbao Technology Co. (4) $19,788 impairment of goodwill derived from GFHI acquisition. (5) $3,333 loss from All Weather’s deconsolidation (6) $782 of intangible assets amortization. (2) Includes $1,253 Impairment of assets. (3) Includes $7,240 of intangible assets amortization, derived from the Tingo Mobile acquisition. (4) Corporate and others segment represents those results that: (i) are not specifically attributable to a reportable segment; (ii) are not individually reportable or (iii) have not been allocated to a reportable segment for the purpose of evaluating their performance, including certain general and administrative expense items. (5) Includes $4,619 of intangible assets amortization, derived from the Tingo Foods acquisition. For the six months ended June 30, 2022 (USD in thousands) Verticals Online Corporate Comprehensive Export and Food Consolidated Revenues from external customers $ 21,483 $ 38 $ - $ - $ - $ - $ 21,521 Segment operating loss (6,090 ) (6,038 ) (11,612 ) - - - (23,740 ) Other income (loss), net 807 51 (20 ) - - - 838 Financial income (expenses), net 253 (1,043 ) (299 ) - - - (1,089 ) Consolidated loss before provision for income taxes $ (23,991 ) (1) Includes $1,591 of intangible assets amortization, derived from GFHI acquisition. (2) Corporate and others segment represents those results that: (i) are not specifically attributable to a reportable segment; (ii) are not individually reportable or (iii) have not been allocated to a reportable segment for the purpose of evaluating their performance, including certain general and administrative expense items. For the three months ended June 30, 2022 (USD in thousands) Verticals Online Corporate Comprehensive Export and Food Consolidated Revenues from external customers $ 11,950 $ 8 $ - $ - $ - $ - $ 11,958 Segment operating loss (1,79 ) (2,494 ) (9,481 ) - - - (13,770 ) Other income, net 632 51 - - - - 683 Financial income (expenses), net 77 (564 ) (680 ) - - - (1,167 ) Consolidated loss before provision for income taxes $ (14,254 ) (1) Includes $733 of intangible assets amortization, derived from the GFHI Acquisition. (2) Corporate and others segment represents those results that: (i) are not specifically attributable to a reportable segment; (ii) are not individually reportable or (iii) have not been allocated to a reportable segment for the purpose of evaluating their performance, including certain general and administrative expense items. The following table summarizes the financial statements of our balance sheet accounts of the segments: As of June 30, 2023 (USD in thousands) Verticals Online Comprehensive Food Corporate Export and Consolidated Assets related to segments $ 18,245 $ 7,629 $ 907,887 $ 352,570 $ 50,860 $ 347,997 $ 1,685,188 Liabilities and redeemable Series B Preferred Stock related to segments (6,742 ) (2,664 ) (559,430 ) (94,488 ) (219,843 ) (278,398 ) (1,161,565 ) Total equity $ 523,623 (1) Includes $152,453 of intangible assets and $165,603 goodwill, derived from Tingo Mobile acquisition. Includes $45,778 of deferred tax liability, derived from the Tingo Mobile acquisition and $553,035 redeemable Series B Preferred Stock. (2) Includes $140,077 of intangible assets and $46,246 goodwill, derived from the Tingo Foods acquisition. Includes $42,023 of deferred tax liability, derived from the Tingo Foods acquisition. The following table summarizes the financial statements of our balance sheet accounts of the segments: As of December 31, 2022 (USD in thousands) Verticals Online Comprehensive Corporate Consolidated Assets related to segments $ 40,831 $ 21,077 $ 1,541,093 $ 79,357 $ 1,682,358 Liabilities and Series B Preferred Stock related to segments (18,406 ) (3,911 ) (877,353 ) (9,689 ) (909,359 ) Total equity $ 772,999 (1) Includes $17,009 of intangible assets and $19,788 goodwill, derived from the GFHI Acquisition. Includes $3,125 of deferred tax liability, derived from GFHI, All Weather and Zhongtong acquisitions. (2) Includes $1,226 of intangible assets. (3) Includes $167,143 of intangible assets and $81,459 goodwill, derived from the Tingo Mobile acquisition. Includes $50,143 of deferred tax liability, derived from the Tingo Mobile acquisition and $553,035 redeemable Series B Preferred Stock.

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net	6 Months Ended
	Jun. 30, 2023
Trade Accounts Receivable, Net [Abstract]
TRADE ACCOUNTS RECEIVABLE, NET	NOTE 8 — TRADE ACCOUNTS RECEIVABLE, NET For the six months ended June 30, 2023, and the fiscal year ended December 31, 2022, accounts receivable were comprised of the following: June 30, December 31, (USD in thousands) 2023 2022 Trade accounts receivable $ 368,530 $ 14,553 Allowance for doubtful accounts (2,508 ) (3,012 ) $ 366,022 $ 11,541 Movement of allowance for doubtful accounts for the six months ended June 30, 2023 and the fiscal year ended December 31, 2022 are as follows: (USD in thousands) June 30, December 31, Beginning balance $ 3,012 $ 2,606 Provision 900 618 Recovery (816 ) - Exchange rate fluctuation (588 ) (212 ) $ 2,508 $ 3,012

Other Current Assets

Other Current Assets	6 Months Ended
	Jun. 30, 2023
Other Current Assets [Abstract]
OTHER CURRENT ASSETS	NOTE 9 — OTHER CURRENT ASSETS June 30, December 31, 2023 2022 Prepaid expenses $ 267 $ 1,019 Advance to suppliers 141,739 2,821 Deposit 285 287 Other receivables 11,688 1,701 $ 153,979 $ 5,828

Related Parties

Related Parties	6 Months Ended
	Jun. 30, 2023
Related Parties [Abstract]
RELATED PARTIES	NOTE 10 — RELATED PARTIES Current assets – related party receivables June 30, December 31, (USD in thousands) 2023 2022 Shareholders and other related parties of All Weather $ - $ 4,603 Beijing Fucheng Lianbao Technology Co. - 267 Loan to Tingo Inc.(1) 8,120 8,099 Beijing Fucheng Prospect Technology Co., Ltd. 314 - Shareholders and other related parties of Guangxi Zhongtong 378 522 $ 8,812 $ 13,491 (1) Tingo’s loan- as discussed in Note 1. Current liabilities – related parties payables June 30, December 31, (USD in thousands) 2023 2022 Beijing Century Tianyuan Business Management Co., LTD $ 117 $ 308 Beijing Global Credit Financial Analysis Technology Co., LTD 276 - Beijing Internet New Network Technology Development Co. LTD 292 - Shareholders and other related parties of All Weather - 659 Shareholders of Tingo Mobile 24,921 56,539 $ 25,606 $ 57,506

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitment and Contingencies [Abstract]
COMMITMENT AND CONTINGENCIES	NOTE 11 — COMMITMENT AND CONTINGENCIES We have certain fixed contractual obligations and commitments that include future estimated payments. Changes in our business needs, cancellation provisions, and other factors may result in actual payments differing from the estimates. The following tables summarize our contractual obligations as of June 30, 2023, and the effect these obligations are expected to have on our liquidity and cash flows in future periods. (USD in thousands) Total Less than 1-3 year 3-5 year 5+ year Contractual Obligation: Office leases commitment $ 1,411 $ 530 $ 840 $ 41 $ - Short-term debt obligations Commitment $ 165 $ 165 $ - $ - $ - Services Contract Commitment $ 1,372 $ 375 $ 749 $ 248 $ - Total $ 2,948 $ 1,070 $ 1,589 $ 289 $ - Legal Proceedings The Company is subject to litigation arising from time to time in the ordinary course of its business. On April 18, 2023, Altium Growth Fund, L.P., Alto Opportunity Master Fund, SPC – Segregated Master Portfolio B, Empery Asset Master Ltd., Empery Tax Efficient, L.P., and Empery Tax Efficient III, L.P. (collectively “Investors”) filed a Motion for Summary Judgment in Lieu of Complaint (“Motion”) against the Company in the Supreme Court of the State of New York, requesting that the Court order the Company to purchase certain warrants from the Investors at the Black Scholes Value of $13,426. The Investors hold various warrants (“Warrants”) issued pursuant to securities purchase agreements (“SPAs”) that the Company is to purchase at their Black Scholes Value upon the Investors’ demand and after a “Fundamental Transaction” (as defined in the Warrants). According to the Investors, the Merger described herein constituted a Fundamental Transaction. The Company initially was of the view that the Merger was not a Fundamental Transaction. However, upon further reflection, the Company concluded that the Investors were correct, and filed a response agreeing that a Fundamental Transaction had occurred, that the Investors were entitled to the Black Scholes Value of their Warrants and requested that the court enter an order directing the Company to pay the Investors accordingly. The day after the Company filed its response, the Investors claimed to rescind their demand for the Black Scholes Value of their Warrants, pursuant to a provision in the SPAs that they say entitles them to do so. After the Investors purported to rescind their demand for the Black Scholes Value of their Warrants and attempted to unilaterally withdraw their Motion, the Investors sought to exercise certain of the Warrants. The Company rejected Investors’ exercise notices and filed a counterclaim alleging that Investors did not have the right to exercise the Warrants because the Motion by which they sought to compel the Company to purchase the Warrants could not be unilaterally withdrawn and was still pending. Investors then filed an amended complaint seeking declaratory relief and unspecified “millions” in damages plus attorney’s fees, based on the Company’s failure to honor their exercise of certain of their Warrants. On July 3, 2023, the court issued the order directing the Company to deposit 13,167,641 shares with the court to serve as security for any judgment plaintiffs may obtain in the action. On July 19, 2023, the Company filed a motion to vacate the order, which is currently scheduled for September 14, 2023. The litigation is ongoing. On June 8, 2023, two putative class action complaints were filed in the United States District Court for the District of New Jersey against the Company, Dozy Mmobuosi, Darren Mercer, and Kevin Chen. The first complaint was filed by Christopher Arbour, individually and on behalf of a class of “persons or entities that purchased or otherwise acquired Tingo securities between March 31, 2023, and June 6, 2023.” The second was filed the same day by Mark Bloedor, individually and on behalf of a class of “all investors who purchased or otherwise acquired Common Stock between December 1, 2022, and June 6, 2023.” Both complaints are based entirely on the allegations in the Hindenburg short seller report issued on June 6, 2023, following which the Company’s stock price declined by nearly 50 percent. Relying solely on the allegations in the Hindenburg report, both complaints allege defendants violated Section 10(b) of the Securities Exchange Act of 1934, as amended (the “Securities Exchange Act”) and Rule 10b-5 promulgated thereunder, and the individual defendants violated Section 20A of the Securities Exchange Act. The Company and individual defendants deny the allegations in the complaints and intend to vigorously defend the actions. Following the publication of the Hindenburg report, the Company’s independent directors retained independent counsel to conduct an investigation of the Hindenburg allegations. The Group has not recognized a liability in respect of the Motion and complaints because management does not believe that the Group has incurred a probable material loss by reason of any of this matter.

Operating Leases

Operating Leases	6 Months Ended
	Jun. 30, 2023
Operating Leases [Abstract]
OPERATING LEASES	NOTE 12 — OPERATING LEASES The Company follows ASC No. 842, Leases. The Company has operating leases for its office facilities. The Company’s leases have remaining terms of approximately 4 years. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. The Company does not separate non-lease components from the lease components to which they relate, and instead accounts for each separate lease and non-lease component associated with that lease component as a single lease component for all underlying asset classes. Lessee The following table provides a summary of leases by balance sheet location: Assets/liabilities June 30, December 31, (USD in thousands) 2023 2022 Assets Right-of-use assets $ 1,400 $ 2,260 Liabilities Lease liabilities- current portion $ 834 $ 1,215 Lease liabilities- long term 507 905 Total Lease liabilities $ 1,341 $ 2,120 The operating lease expenses were as follows: For the six months ended For the three months ended 2023 2022 2023 2022 Operating lease cost $ 956 $ 673 $ 479 $ 261 Maturities of operating lease liabilities were as follows: (USD in thousands) Year ended 2023* $ 530 2024 559 2025 262 2026 20 2027 15 Thereafter 25 Total lease payment 1,411 Less: imputed interest (70 ) Total lease liabilities $ 1,341 * Not include operating leases with a term less than one year. Lease term and discount rate June 30, Weighted-average remaining lease term (years) – operating leases 1.98 Weighted average discount rate – operating leases 5.70 % Lessor The Company leases mobile phones that classified as operating leases. The following table summarizes the components of operating lease revenue recognized during the three and six months ended June 30, 2023: For the six months ended For the three months ended Lease revenue 2023 2023 Fixed contractual payments $ 216,350 $ 102,690 Future fixed contractual lease payments to be received under non-cancelable operating leases in effect as of June 30, 2023, assuming no new or renegotiated leases or option extensions on lease agreements are executed, are as follows (dollars in thousands): Years Ending December 31, Future 2023 $ 165,497 2024 97,930 2025 - 2026 - 2027 - Thereafter -

Provision for Income Taxes

Provision for Income Taxes	6 Months Ended
	Jun. 30, 2023
Provision for Income Taxes [Abstract]
PROVISION FOR INCOME TAXES	NOTE 13 — PROVISION FOR INCOME TAXES A. Basis of Taxation United States: On December 22, 2017, the U.S. Tax Cuts and Jobs Act, or the Act, was enacted, which significantly changed U.S. tax laws. The Act lowered the tax rate of the Company. The statutory federal income tax rate was 21% in 2020 and in the three months ended June 30, 2023, and 2022. As of June 30, 2023, the operating loss carry forward were $75,952, among which there was $5,115 expiring from 2025 through 2037, and the remaining $70,837 has no expiration date. Israel: The Company’s Israeli subsidiaries and associated are governed by the tax laws of the state of Israel which had a general tax rate of 23% in the three months ended June 30, 2023, and 2022. As of June 30, 2023, the operating loss carry forward was $9,330, which does not have an expiration date. Mainland China: The Company’s Chinese subsidiaries in China are subject to the PRC Corporate Income Tax Law (“CIT Law”) and are taxed at the statutory income tax rate of 25%. As of June 30, 2023, the operating loss carry forward was $16,957, which will expire from 2023 through 2027. Hong Kong: Our subsidiaries incorporated in Hong Kong, such as Magpie Securities Limited, BI Intermediate Limited, are subject to Hong Kong profit tax on their profits arising from their business operations carried out in Hong Kong. Hong Kong profits tax for a corporation from the year of assessment 2018/2019 onwards is generally 8.25% on assessable profits up to HK$2,000; and 16.5% on any part of assessable profits over HK$2,000. Under the Hong Kong Inland Revenue Ordinance, profits that we derive from sources outside of Hong Kong are generally not subject to Hong Kong profits tax. As of June 30, 2023, the tax loss carry forward was $18,726 for Magpie Securities Limited, and the operating loss carry forward was $6,852 for BI Intermediate Limited. Tax losses can be carried forward indefinitely until utilized. Singapore: Our subsidiaries incorporated in Singapore are subject to an income tax rate of 17% for taxable income earned in Singapore. Singapore does not impose a withholding tax on dividends for resident companies. In 2022, we did not incur any income tax as there was no estimated assessable profit that was subject to Singapore income tax. As of June 30, 2023, the operating loss carry forward was $1,097. Subject to qualifying conditions, trade losses can be carried forward indefinitely while unutilized donations can be carried forward for up to 5 years of assessment. Australia: Our subsidiaries incorporated in Australia are subject to an income tax rate of 25% for taxable income earned in Australia. Australia does not impose a withholding tax on dividends for resident companies. In 2022, we did not incur any income tax as there was no estimated assessable profit that was subject to Australia income tax. As of June 30, 2023, the operating loss carry forward was $112. Nigeria: The Company’s Nigerian subsidiaries Tingo Mobile and Tingo Foods is governed by the tax laws of the Federal Republic of Nigeria which had a corporate tax rate of 30%. As of June 30, 2023, the operating loss carry forward were nil Dubai: The Company operates from the Dubai Multi Commodity Centre. Tingo DMCC is subject to a corporate tax rate of 0% under specific circumstances and conditions. B. Profit (Loss) Before Income Taxes For the For the 2023 2022 2023 2022 Domestic $ (15,721 ) $ (9,851 ) $ (5,759 ) $ (1,153 ) Foreign 436,371 (14,140 ) 163,863 (13,101 ) Total $ 420,650 $ (23,991 ) $ 158,104 $ (14,254 ) C. Provision for (Benefit of) Income Taxes For the For the 2023 2022 2023 2022 Current Domestic $ 124 $ 248 $ 84 $ 246 Foreign 157,107 - 67,931 - Total $ 157,231 $ 248 $ 68,015 $ 246 Deferred Domestic $ - $ - $ - $ - Foreign (9,536 ) (1,329 ) (6,234 ) (251 ) Total $ (9,536 ) $ (1,329 ) $ (6,234 ) $ (251 ) Total Income tax expenses (benefit) $ 147,695 $ (1,081 ) $ 61,781 $ (5 ) D. Deferred Tax Assets and Liabilities Deferred tax reflects the net tax effects of temporary differences between the carrying amounts of assets or liabilities for financial reporting purposes and the amounts used for income tax purposes. As of June 30, 2023, and December 31, 2022, the Company’s deferred taxes were in respect of the following: June 30, December 31, (USD in thousands) 2023 2022 Deferred tax assets Provisions for employee rights and other temporary differences $ 153 $ 234 Provisions for bad debt 650 753 Net operating loss carry forward 26,771 21,839 Valuation allowance (24,025 ) (19,165 ) Deferred tax assets, net of valuation allowance 3,549 3,661 Deferred tax liabilities Recognition of intangible assets arising from business combinations (108,974 ) (89,597 ) Deferred tax assets (liabilities), net $ (105,425 ) $ (85,936 )

Impairment of Intangible Assets

Impairment of Intangible Assets	6 Months Ended
	Jun. 30, 2023
Impairment of Intangible Assets [Abstract]
IMPAIRMENT OF INTANGIBLE ASSETS	NOTE 14 — IMPAIRMENT OF INTANGIBLE ASSETS During the second quarter of 2023, the Company's management decided to forsake its involvement with All Weather and as a result, the Company is no longer consolidating Also, on July 12, 2023, the Company made a business decision to close its online stock trading business in Hong Kong and Singapore having considered the level of losses being incurred, the ongoing challenges in the market sector, and the fact that the business is no longer core to the Company’s strategy following the acquisitions of Tingo Mobile and Tingo Foods. The Company will however continue to explore opportunities to monetize the proprietary online stock trading technology and products it has developed. Continuing losses associated with the use of a long-lived assets were considered triggering events requiring interim impairment assessments to be performed relative to the intangible assets that had been recorded as part of these acquisitions in accordance with ASC 360-10 and ASC 350-10 which require the viewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company's evaluation of recoverability is performed at the lowest level of assets group to which identifiable cash flows are largely independent of the cash flows of another asset group. Recoverability of the asset group (the Verticals and Technology segment and the Online Stock Trading segment) is measured by a comparison of the aggregate undiscounted future cash flows the asset group is expected to generate to the carrying amounts of the asset group. If such evaluation indicates that the carrying amount of the asset group is not recoverable, an impairment loss is calculated based on the excess of the carrying amount of the asset group over its fair value. The intangible assets that are subject to impairment testing were recorded as part of the intangible assets segments and included indefinite-lived and finite-lived trade name/ trademarks, licenses and finite-lived developed technology and customer relationships. As a result of the interim impairment assessments, we recognized impairment charges for the excess of the book value over the fair value of those intangible assets in amount of $14,397 pre-tax ($11,924 after tax) to write-down these intangible assets to their respective fair values close to $0 as of June 30, 2023 related to the Verticals and Technology segment and $1,253 pre-tax ($1,253 after tax) to write-down these intangible assets to their respective fair values close to $0 This testing involves estimates and significant judgments by management. We believe our estimates and assumptions used in the valuations are reasonable and appropriate to those that would be used by other market participants; however, additional adverse changes in key assumptions and actual unanticipated events and circumstances could differ substantially from those used in the valuation, and to the extent such factors result in a failure to achieve the projected cash flows used to estimate fair value, additional impairment charges could be required in the future. Therefore, although we have recorded the said impairment charges, we cannot guarantee that we will not experience asset impairments in the future.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2023
Goodwill [Abstract]
GOODWILL	NOTE 15 — GOODWILL For the six months ended June 30, 2023 (USD in thousands) Verticals Food Comprehensive Corporate Online Consolidated Balance as of January 1, 2023 $ 19,788 $ - $ 81,459 $ - $ - $ 101,247 Impairment loss - - - - - - Acquisitions in 2023 - 46,246 - - - 46,246 Impairment of goodwill (19,788 ) - - - - (19,788 ) Adjustments to purchase price allocations - - 84,144 - - 84,144 Balance as of June 30, 2023 $ - $ 46,246 $ 165,603 $ - $ - $ 211,849 For the year ended December 31, 2022 (USD in thousands) Verticals Food Comprehensive Corporate Online Consolidated Balance as of January 1, 2022 $ 19,788 $ - $ - $ - $ - $ 19,788 Impairment loss - - - - - - Acquisitions in 2022 - - 81,459 - - 81,459 Balance as of December 31, 2022 $ 19,788 $ - $ 81,459 $ - $ - $ 101,247 ASC 350-20 “Intangibles-Goodwill and Other” requires to test goodwill (after its allocation to the company's reporting units) for impairment at least annually, or more frequently if events or changes in circumstances indicate that goodwill may be impaired. As a result of the circumstances described in Note 14 the company decided to perform impairment test for the reporting unit to which the goodwill belongs (the Verticals and Technology segment) as of June 30, 2023. The goodwill impairment test is performed according to the following principles: 1. An initial qualitative assessment may be performed to determine whether it is more likely than not that the fair value of the reporting unit is less than it is carrying amount. 2. If the Company concludes it is more likely than not (more than 50 percent likelihood) that the fair value of the reporting unit is less than it is carrying amount, a quantitative fair value test is performed. An impairment loss is recognized to the extent that the carrying amount of a reporting unit exceeds its fair value, but not exceeding the total amount of goodwill allocated to that reporting unit. The Company carried out a qualitative assessment which included various factors such as macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, earnings multiples, gross margin and cash flows from operating activities and other relevant factors. The circumstances mentioned above led management to believe that it is more likely than not that the fair value of the reporting unit is less than its carrying value. As a result, the fair value had to be determined as part of the quantitative assessment. The fair value of the reporting unit was estimated in accordance with ASC 820, "Fair Value Measurements”. The Company applies assumptions that marketplace participants would consider in determining the fair value of its reporting unit. The process of evaluating the potential impairment of goodwill is subjective and requires significant judgment. Significant estimates used in the fair value methodologies include estimates of future cash flows, future short-term and long-term growth rates, and weighted average cost of capital. As a result of this testing, we recorded an $19,788 pre-tax non-cash impairment charge related to goodwill for the six months period ended June 30, 2023, relating to Verticals and Technology segment reporting unit, representing a full impairment charge for its goodwill balance.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 16 — SUBSEQUENT EVENTS On July 12, 2023, the Company made a business decision to close its online stock trading business in Hong Kong and Singapore having considered the level of losses being incurred, the ongoing challenges in the market sector, and the fact that the business is no longer core to the Company’s strategy following the acquisitions of Tingo Mobile and Tingo Foods. The Company will however continue to explore opportunities to monetize the proprietary online stock trading technology and products it has developed. On July 27, 2023, the Company issued 26,042,808 shares of Common Stock, pursuant to the conversion of 2,604.28 shares of Series A Preferred Stock under the terms of the Series A Preferred Stock Certificate of Designation. The Company held a special meeting of stockholders on June 7, 2023, during which shareholder approval was received for such conversion. On July 27, 2023, the Company issued 13,167,641 shares of Common Stock

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2023
Summary of Significant Accounting Policies [Abstract]
Interim Financial Statements	Interim Financial Statements These unaudited interim condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of U.S. Securities and Exchange Commission Regulation S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included (consisting only of normal recurring adjustments except as otherwise discussed). For further information, reference is made to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022. Operating results for the three and six months periods ended June 30, 2023, are not necessarily indicative of the results that may be expected for the year ending December 31, 2023.
Significant Accounting Policies	Significant Accounting Policies The significant accounting policies followed in the preparation of these unaudited interim condensed consolidated financial statements are identical to those applied in the preparation of the latest annual financial statements, except for revenue recognition policy presented below.
Recent Accounting Standards	Recent Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s condensed financial statements.
Use of estimates	Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Significant items subject to such estimates and assumptions include, but are not limited to, the initial and recurring valuation of certain assets acquired and liabilities assumed through acquisitions, goodwill and its impairment, allowance for credit losses, impairment of long-lived and intangible assets and contingencies. These estimates are made and evaluated on an on-going basis using information that is currently available as well as various other assumptions believed to be reasonable under the circumstances. Actual results could differ from those estimates.
Functional currency and Exchange Rate Income (Loss)	Functional currency and Exchange Rate Income (Loss) The functional currency of our foreign entities is their local currency. For these foreign entities, we translate their financial statements into U.S. dollars using average exchange rates for the period for statements of operations amounts and using end-of-period exchange rates for assets and liabilities. We record these translation adjustments in Accumulated other comprehensive income (loss), a separate component of stockholders’ equity, in our consolidated balance sheets. Exchange gains and losses resulting from the conversion of transaction currency to functional currency are charged or credited to other comprehensive income (loss), net of tax. The exchange rate used for conversion balance sheet and statements of operations data from Nigerian Naira and Renminbi (“RMB”) to USD is presented below: Currency For the USD USD December 31, Naira 481.977 770.38 448.55 RMB 6.928 7.2513 6.8972
Revenue Recognition	Revenue Recognition The Company follows ASC 606 “Revenue from Contracts with Customers” and recognizes revenue when it transfers the control of promised goods or services to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. The Company’s revenues from Tingo Mobile’s comprehensive platform service are recognized upon transfer of control of promised products or services to customers in an amount that reflects the consideration the Company expects to receive in exchange for those products or services. The Company offers customers the ability to lease the phones on one-year terms, and purchase data and calls, as well as use of the NWASSA platform. As part of these contracts, the Company records revenue from the lease on a straight-line basis over the lease term. The Company also records depreciation expense on a straight-line basis over the useful life of the phones, which is estimated by management at three years. The Company exercised judgement in determining the accounting policies related to these transactions, including the following: ● Determination of whether products and services are considered distinct performance obligations that should be accounted for separately versus together, such as phone leases and purchase of data. ● Determination of stand-alone selling prices for each distinct performance obligation and for products and services that are not sold separately. ● The pattern of delivery (i.e., timing of when revenue is recognized) for each distinct performance obligation. ● Estimation of variable consideration when determining the amount of revenue to recognize (i.e., separate items on NWASSA platform) Tingo Foods is a diversified food processing company, which uses domestic inputs purchased from farmers across Nigeria and processes them into finished foods. Since the commencement of its operations in September 2022, the food processing activities of Tingo Foods have been conducted through arrangements with third party rice mills, cashew processing plants and other food processing companies, and the finished food products are sold to large food distributor and wholesaler companies. In 2023, we launched our global commodities trading platform and export business (“Tingo DMCC”) from DMCC, which is regarded as the Free Trade Zone and a major global commodity trading center, to facilitate purchases and export of agricultural commodities from both its existing customer base and new customers. Tingo DMCC exports agricultural produce, including rice, wheat, millet and maize. The Company’s revenues from Tingo Foods and Tingo DMCC are recognized when control over the finished goods transfers to its customers, which generally occurs upon shipment to, or receipt at, customers’ locations, as determined by the specific terms of the contract. These revenue arrangements generally have single performance obligations. The arrangements are free from variable consideration and consideration payable to our customers, including applicable discounts, returns, allowances, trade promotion, unsaleable product, consumer coupon redemption and rebates. Amounts billed and due from our customers are classified as receivables and require payment on a short-term basis; therefore, the Company does not have any significant financing components. The Company records revenues from Tingo Foods and Tingo DMCC on a gross basis because the Company controls the products before they are transferred to the customers determined on the basis that: (1) the Company is primarily responsible for fulfilling its promise to deliver the specified products to customers; (2) the Company has inventory risk before the specified products are transferred to a customers, and (3) the Company has discretion in establishing the price for the specified products. The Company’s revenues from the insurance segment are generated from providing insurance brokerage services or insurance agency services on behalf of insurance carriers. Our performance obligation to the insurance carrier is satisfied and commission revenue is recognized at a point in time when an insurance policy becomes effective. The Company provides customers with information regarding services and commission charge from the customers on a monthly basis. Performance obligation is satisfied at a point in time when the requested information is delivered to the customer. In accordance with ASC 606-10-55, Revenue Recognition: Principal Agent Considerations, the Company reports revenue on a gross or net basis based on management’s assessment of whether the Company acts as a principal or agent in the transaction. To the extent the Company acts as the principal, revenue is reported on a gross basis. To the extent the Company acts as the agent, revenue is reported on a net basis. The determination of whether the Company act as a principal or an agent in a transaction is based on an evaluation of whether the Company controls the good or service prior to transfer to the customer. The Company reports its insurance revenue net of amounts due to the insurance companies as the Company is not the primary obligor in the relevant arrangements, the Company does not finalize the pricing, and does not bear any risk related to the insurance policies. The Company’s revenues from the Online Stock Trading platform are generated from stock trading commission income. Commission revenue is recognized at a point in time when transfer of control occurs. Trade execution performance obligation generally occurs on the trade date because that is when the underlying financial instrument (for a purchase or for a sale) is identified, and the pricing is agreed upon.

Description of Business (Tables

Description of Business (Tables)	6 Months Ended
	Jun. 30, 2023
Description of Business [Abstract]
Schedule of Assets and Liabilities	The assets and liabilities of the Company’s VIEs prior to intercompany adjustments included in the Company’s unaudited condensed consolidated financial statements as of June 30, 2023, and December 31, 2022 are as follows: June 30, December 31, Current assets: Cash and cash equivalent $ 157 $ 3,690 Trade accounts receivable, net 69 6,823 Related party receivables 1,932 2,001 Other current assets 177 2,278 Total current assets 2,335 14,792 Property and equipment, net 37 176 Intangible assets, net 3 5,712 Long-term deposit and other non-current assets - 48 Right of use assets under operating lease 101 711 Restricted cash escrow 690 1,479 Deferred tax assets 822 793 Total long-term assets 1,653 8,919 Total assets $ 3,988 $ 23,711 Current liabilities: Short-term loan $ - $ 286 Trade accounts payable 91 4,817 Related party payables 3,822 4,002 Current operating lease liability 100 230 Other current liabilities 28 4,515 Total current liabilities 4,041 13,850 Long-term liabilities: Long-term loan - 377 Long-term operating lease liability - 257 Deferred tax liabilities - 224 Total long-term liabilities - 858 Total liabilities $ 4,041 $ 14,708
Schedule of Net Revenues, Loss from Operations and Net Loss	Net revenues, profit (loss) from operations and net profit (loss) of the VIEs that were included in the Company’s unaudited condensed consolidated financial statements for the three and six months ended June 30, 2023, and 2022 are as follows: For the For the For the For the June 30, June 30, June 30, June 30, 2023 2022 2023 2022 Net revenues $ 30,285 $ 19,593 $ 11,649 $ 10,729 Profit (loss) from operations $ 295 $ (2,321 ) $ 1,102 $ (137 ) Net profit (loss) $ 273 $ (1,504 ) $ 618 $ 68

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
Summary of Significant Accounting Policies [Abstract]
Schedule of Exchange Rate Conversion	The exchange rate used for conversion balance sheet and statements of operations data from Nigerian Naira and Renminbi (“RMB”) to USD is presented below: Currency For the USD USD December 31, Naira 481.977 770.38 448.55 RMB 6.928 7.2513 6.8972

Tingo Mobile Transaction (Table

Tingo Mobile Transaction (Tables)	6 Months Ended
	Jun. 30, 2023
Tingo Mobile Limited Transaction [Abstract]
Schedule of Allocation of the Preliminary Purchase Price as of the Acquisition Date	In addition, the following table summarizes the allocation of the preliminary purchase price as of the acquisition date: Total Merger consideration (1) $ 1,215,241 Total purchase consideration $ 1,215,241 Less: Net working capital $ 170,327 Property and equipment 760,661 Intangible – farmer cooperative 24,893 Intangible – trade names and trademarks 54,576 Intangible – software 90,030 Deferred tax liability (2) (50,849 ) $ 1,049,638 Goodwill (3) $ 165,603 (1) The $1,215,241 value of the Merger consideration transferred was determined in accordance with ASC 820 and ASC 805. ASC 820 requires that fair value to maximize objective evidence and be determined using assumptions that a market participant would use, and when level 1 inputs exist, it should be used unless determined to be not representative. That would have meant using the unadjusted Tingo Group quoted price at the time of completion of the Transaction. The Company is of the opinion however, that the market value per share price as quoted on Nasdaq is not representative of the fair value and should not be used to determine the merger consideration. Using market value per share of Tingo Group would have led to a significant bargain purchase gain and an internal rate of return that was not reasonable as well as other valuation anomalies that it created. Hence, and in accordance with ASC 805-30-30-5, the Company reassessed the determination of the consideration transferred and determined that the use of the quoted price of Tingo, Inc’s share price on the OTC at market close is more appropriate in determining the consideration fair value. (2) Represents the income tax effect of the difference between the accounting and income tax bases of the identified intangible assets, using an assumed statutory income tax rate of 30%. (3) The goodwill is not deductible for tax purposes.
Schedule of Goodwill	Tingo Group’s net revenues and net profit are presented if the acquisition date of Tingo Mobile had occurred at the beginning of the previous comparable period. For the For the For the For the June 30, June 30, June 30, June 30, 2023 2022 2023 2022 Revenues $ 1,828,414 $ 547,263 $ 977,169 $ 280,643 Net profit attributable to Tingo Group, Inc $ 273,248 $ 82,180 $ 96,508 $ 58,117

Tingo Foods PLC Purchase Pric_2

Tingo Foods PLC Purchase Price Allocation (Tables)	6 Months Ended
	Jun. 30, 2023
Tingo Foods PLC Purchase Price Allocation [Abstract]
Schedule of Summarizes the Estimates of the Fair Value of Assets	Total Merger consideration (1) $ 204,000 Total purchase consideration $ 204,000 Less: Net working capital $ 42,077 Property and equipment 12,235 Intangible – Customer Relationships 125,677 Intangible – trade names and trade marks 22,097 Deferred tax liability (2) (44,332 ) $ 157,754 Goodwill (3) $ 46,246 (1) The $204,000 value of the Merger Consideration transferred as the Promissory Note. The Promissory Note is for a term of two years with an interest rate of 5% per annum. The interest rate on the Promissory Note is reasonably reflective of a market-participant rate. MICT Fintech agreed to certain covenants in connection with the Promissory Note, including with regard to its ability to incur additional debt or create additional liens. The Acquisition will not result in any new issuance of shares of Common Stock, nor of any instruments convertible into shares of Common Stock. (2) Represents the income tax effect of the difference between the accounting and income tax bases of the identified intangible assets, using an assumed statutory income tax rate of 30%. (3) The goodwill is not deductible for tax purposes.
Schedule of Revenues and Net Profit	Tingo Group’s net revenues and net profit are presented if the acquisition date of Tingo Foods had occurred at the beginning of the previous comparable period. Since Tingo Foods started its operational business in September 2022, revenues and net profit for three and six zero (USD in thousands) For the For the Revenues $ 1,860,348 977,169 Net profit attributable to Tingo Group, Inc. $ 275,626 96,508

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Stockholders’ Equity [Abstract]
Schedule of Stock Options Outstanding and Exercisable	The following table summarizes information about stock options outstanding and exercisable as of June 30, 2023: Options Outstanding Options Exercisable Number Weighted Number Exercise Years $ 125,000 8 125,000 1.41 340,000 8 340,000 1.81 95,000 8 63,333 2.49 560,000 528,333
Schedule of Stock Option Plan	For the For the Number of Options Weighted Number of Options Weighted Options outstanding at the beginning of period: 590,000 $ 1.83 1,558,000 $ 1.74 Changes during the period: Granted — $ — — $ — Exercised — $ — — $ — Forfeited (30,000 ) $ 1.81 (968,000 ) $ 1.68 Options outstanding at the end of the period 560,000 $ 1.83 590,000 $ 1.83 Options exercisable at the end of the period 528,333 $ 1.79 434,167 $ 1.74
Schedule of Warrants Outstanding	The Company has warrants outstanding as follows: Warrants Average Remaining Balance, December 31, 2022 62,863,879 $ 2.854 4.25 Granted - $ - - Repurchase (25,981,836 ) $ 0.25 - Exercised (1,015,386 ) $ 3.07 - Balance, June 30, 2023 35,866,657 $ 2.84 3.25

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2023
Segments [Abstract]
Schedule of Financial Performance of Our Operating Segments	The following table summarizes the financial performance of our operating segments: For the six months ended June 30, 2023 (USD in thousands) Verticals Online Corporate Comprehensive Export and Food Consolidated Revenues from external customers $ 33,721 $ 28 $ - $ 463,016 $ 347,997 $ 983,652 $ 1,828,414 Segment operating Income (loss) (41,054 ) (4,515 ) (14,744 ) 229,289 69,599 203,815 442,390 Other income (loss), net (492 ) (9 ) - 138 - - (363 ) Financial income (expenses), net 81 (439 ) (2,088 ) (17,776 ) - (1,155 ) (21,377 ) Consolidated profit before provision for income taxes $ 420,650 (1) Includes: (1) $1,806 Impairment of intangible assets from Guangxi Zhongtong Insurance Agency Co., Ltd, (2) $7,777 Impairment of intangible assets from GFH transaction (3) $4,814 Impairment of intangible assets from Beijing Fucheng Lianbao Technology Co. (4) $19,788 impairment of goodwill derived from GFHI acquisition. (5) $3,333 loss from All Weather’s deconsolidation (6) $1,578 of intangible assets amortization. (2) Corporate and others segment represents those results that: (i) are not specifically attributable to a reportable segment; (ii) are not individually reportable or (iii) have not been allocated to a reportable segment for the purpose of evaluating their performance, including certain general and administrative expense items. (3) Includes $14,488 of intangible assets amortization, derived from the Tingo Mobile merger. (4) Includes $1,253 Impairment of intangible assets from Magpie. (5) Includes $7,697 of intangible assets amortization, derived from the Tingo Foods acquisition. For the three months ended June 30, 2023 (USD in thousands) Verticals Online Corporate Comprehensive Export and Food Consolidated Revenues from external customers $ 13,169 $ 20 $ - $ 209,550 $ 347,997 $ 406,433 $ 977,169 Segment operating Income (loss) (37,830 ) (2,814 ) (4,827 ) 97,215 69,599 60,370 181,713 Other income (loss), net (940 ) (1 ) - 153 - - (788 ) Financial income (expenses), net 16 (392 ) (1,454 ) (20,119 ) - (872 ) (22,821 ) Consolidated profit before provision for income taxes $ 158,104 (1) Includes: (1) $1,806 Impairment of intangible assets from Guangxi Zhongtong Insurance Agency Co., Ltd, (2) $7,777 Impairment of intangible assets from GFH transaction (3) $4,814 Impairment of intangible assets from Beijing Fucheng Lianbao Technology Co. (4) $19,788 impairment of goodwill derived from GFHI acquisition. (5) $3,333 loss from All Weather’s deconsolidation (6) $782 of intangible assets amortization. (2) Includes $1,253 Impairment of assets. (3) Includes $7,240 of intangible assets amortization, derived from the Tingo Mobile acquisition. (4) Corporate and others segment represents those results that: (i) are not specifically attributable to a reportable segment; (ii) are not individually reportable or (iii) have not been allocated to a reportable segment for the purpose of evaluating their performance, including certain general and administrative expense items. (5) Includes $4,619 of intangible assets amortization, derived from the Tingo Foods acquisition. For the six months ended June 30, 2022 (USD in thousands) Verticals Online Corporate Comprehensive Export and Food Consolidated Revenues from external customers $ 21,483 $ 38 $ - $ - $ - $ - $ 21,521 Segment operating loss (6,090 ) (6,038 ) (11,612 ) - - - (23,740 ) Other income (loss), net 807 51 (20 ) - - - 838 Financial income (expenses), net 253 (1,043 ) (299 ) - - - (1,089 ) Consolidated loss before provision for income taxes $ (23,991 ) (1) Includes $1,591 of intangible assets amortization, derived from GFHI acquisition. (2) Corporate and others segment represents those results that: (i) are not specifically attributable to a reportable segment; (ii) are not individually reportable or (iii) have not been allocated to a reportable segment for the purpose of evaluating their performance, including certain general and administrative expense items. For the three months ended June 30, 2022 (USD in thousands) Verticals Online Corporate Comprehensive Export and Food Consolidated Revenues from external customers $ 11,950 $ 8 $ - $ - $ - $ - $ 11,958 Segment operating loss (1,79 ) (2,494 ) (9,481 ) - - - (13,770 ) Other income, net 632 51 - - - - 683 Financial income (expenses), net 77 (564 ) (680 ) - - - (1,167 ) Consolidated loss before provision for income taxes $ (14,254 ) (1) Includes $733 of intangible assets amortization, derived from the GFHI Acquisition. (2) Corporate and others segment represents those results that: (i) are not specifically attributable to a reportable segment; (ii) are not individually reportable or (iii) have not been allocated to a reportable segment for the purpose of evaluating their performance, including certain general and administrative expense items.
Schedule of the Financial Statements of our Balance Sheet Accounts of the Segments	The following table summarizes the financial statements of our balance sheet accounts of the segments: As of June 30, 2023 (USD in thousands) Verticals Online Comprehensive Food Corporate Export and Consolidated Assets related to segments $ 18,245 $ 7,629 $ 907,887 $ 352,570 $ 50,860 $ 347,997 $ 1,685,188 Liabilities and redeemable Series B Preferred Stock related to segments (6,742 ) (2,664 ) (559,430 ) (94,488 ) (219,843 ) (278,398 ) (1,161,565 ) Total equity $ 523,623 (1) Includes $152,453 of intangible assets and $165,603 goodwill, derived from Tingo Mobile acquisition. Includes $45,778 of deferred tax liability, derived from the Tingo Mobile acquisition and $553,035 redeemable Series B Preferred Stock. (2) Includes $140,077 of intangible assets and $46,246 goodwill, derived from the Tingo Foods acquisition. As of December 31, 2022 (USD in thousands) Verticals Online Comprehensive Corporate Consolidated Assets related to segments $ 40,831 $ 21,077 $ 1,541,093 $ 79,357 $ 1,682,358 Liabilities and Series B Preferred Stock related to segments (18,406 ) (3,911 ) (877,353 ) (9,689 ) (909,359 ) Total equity $ 772,999 (1) Includes $17,009 of intangible assets and $19,788 goodwill, derived from the GFHI Acquisition. Includes $3,125 of deferred tax liability, derived from GFHI, All Weather and Zhongtong acquisitions. (2) Includes $1,226 of intangible assets. (3) Includes $167,143 of intangible assets and $81,459 goodwill, derived from the Tingo Mobile acquisition.

Trade Accounts Receivable, Net

Trade Accounts Receivable, Net (Tables)	6 Months Ended
	Jun. 30, 2023
Trade Accounts Receivable, Net [Abstract]
Schedule of Accounts Receivable	June 30, December 31, (USD in thousands) 2023 2022 Trade accounts receivable $ 368,530 $ 14,553 Allowance for doubtful accounts (2,508 ) (3,012 ) $ 366,022 $ 11,541
Schedule of Allowance for Doubtful Accounts	(USD in thousands) June 30, December 31, Beginning balance $ 3,012 $ 2,606 Provision 900 618 Recovery (816 ) - Exchange rate fluctuation (588 ) (212 ) $ 2,508 $ 3,012

Other Current Assets (Tables)

Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Other Current Assets [Abstract]
Schedule of Other Current Assets	June 30, December 31, 2023 2022 Prepaid expenses $ 267 $ 1,019 Advance to suppliers 141,739 2,821 Deposit 285 287 Other receivables 11,688 1,701 $ 153,979 $ 5,828

Related Parties (Tables)

Related Parties (Tables)	6 Months Ended
	Jun. 30, 2023
Related Parties [Abstract]
Schedule of Current Assets – Related Parties	Current assets – related party receivables June 30, December 31, (USD in thousands) 2023 2022 Shareholders and other related parties of All Weather $ - $ 4,603 Beijing Fucheng Lianbao Technology Co. - 267 Loan to Tingo Inc.(1) 8,120 8,099 Beijing Fucheng Prospect Technology Co., Ltd. 314 - Shareholders and other related parties of Guangxi Zhongtong 378 522 $ 8,812 $ 13,491 (1) Tingo’s loan- as discussed in Note 1.
Schedule of Current Liabilities – Related Parties	Current liabilities – related parties payables June 30, December 31, (USD in thousands) 2023 2022 Beijing Century Tianyuan Business Management Co., LTD $ 117 $ 308 Beijing Global Credit Financial Analysis Technology Co., LTD 276 - Beijing Internet New Network Technology Development Co. LTD 292 - Shareholders and other related parties of All Weather - 659 Shareholders of Tingo Mobile 24,921 56,539 $ 25,606 $ 57,506

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2023
Commitment and Contingencies [Abstract]
Schedule of Contractual Obligations	The following tables summarize our contractual obligations as of June 30, 2023, and the effect these obligations are expected to have on our liquidity and cash flows in future periods. (USD in thousands) Total Less than 1-3 year 3-5 year 5+ year Contractual Obligation: Office leases commitment $ 1,411 $ 530 $ 840 $ 41 $ - Short-term debt obligations Commitment $ 165 $ 165 $ - $ - $ - Services Contract Commitment $ 1,372 $ 375 $ 749 $ 248 $ - Total $ 2,948 $ 1,070 $ 1,589 $ 289 $ -

Operating Leases (Tables)

Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Operating Leases [Abstract]
Schedule of Leases by Balance Sheet	Assets/liabilities June 30, December 31, (USD in thousands) 2023 2022 Assets Right-of-use assets $ 1,400 $ 2,260 Liabilities Lease liabilities- current portion $ 834 $ 1,215 Lease liabilities- long term 507 905 Total Lease liabilities $ 1,341 $ 2,120
Schedule of Operating Lease Expenses	For the six months ended For the three months ended 2023 2022 2023 2022 Operating lease cost $ 956 $ 673 $ 479 $ 261
Schedule of Operating Lease Liabilities	(USD in thousands) Year ended 2023* $ 530 2024 559 2025 262 2026 20 2027 15 Thereafter 25 Total lease payment 1,411 Less: imputed interest (70 ) Total lease liabilities $ 1,341 * Not include operating leases with a term less than one year.
Schedule of Lease Term and Discount Rate	Lease term and discount rate June 30, Weighted-average remaining lease term (years) – operating leases 1.98 Weighted average discount rate – operating leases 5.70 %
Schedule of Operating Lease Revenue	For the six months ended For the three months ended Lease revenue 2023 2023 Fixed contractual payments $ 216,350 $ 102,690
Schedule of Future Lease Payments	Years Ending December 31, Future 2023 $ 165,497 2024 97,930 2025 - 2026 - 2027 - Thereafter -

Provision for Income Taxes (Tab

Provision for Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2023
Provision for Income Taxes [Abstract]
Schedule of Income Taxes	For the For the 2023 2022 2023 2022 Domestic $ (15,721 ) $ (9,851 ) $ (5,759 ) $ (1,153 ) Foreign 436,371 (14,140 ) 163,863 (13,101 ) Total $ 420,650 $ (23,991 ) $ 158,104 $ (14,254 ) For the For the 2023 2022 2023 2022 Current Domestic $ 124 $ 248 $ 84 $ 246 Foreign 157,107 - 67,931 - Total $ 157,231 $ 248 $ 68,015 $ 246 Deferred Domestic $ - $ - $ - $ - Foreign (9,536 ) (1,329 ) (6,234 ) (251 ) Total $ (9,536 ) $ (1,329 ) $ (6,234 ) $ (251 ) Total Income tax expenses (benefit) $ 147,695 $ (1,081 ) $ 61,781 $ (5 )
Schedule of Deferred Taxes	As of June 30, 2023, and December 31, 2022, the Company’s deferred taxes were in respect of the following: June 30, December 31, (USD in thousands) 2023 2022 Deferred tax assets Provisions for employee rights and other temporary differences $ 153 $ 234 Provisions for bad debt 650 753 Net operating loss carry forward 26,771 21,839 Valuation allowance (24,025 ) (19,165 ) Deferred tax assets, net of valuation allowance 3,549 3,661 Deferred tax liabilities Recognition of intangible assets arising from business combinations (108,974 ) (89,597 ) Deferred tax assets (liabilities), net $ (105,425 ) $ (85,936 )

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2023
Goodwill [Abstract]
Schedule of Goodwill	For the six months ended June 30, 2023 (USD in thousands) Verticals Food Comprehensive Corporate Online Consolidated Balance as of January 1, 2023 $ 19,788 $ - $ 81,459 $ - $ - $ 101,247 Impairment loss - - - - - - Acquisitions in 2023 - 46,246 - - - 46,246 Impairment of goodwill (19,788 ) - - - - (19,788 ) Adjustments to purchase price allocations - - 84,144 - - 84,144 Balance as of June 30, 2023 $ - $ 46,246 $ 165,603 $ - $ - $ 211,849 For the year ended December 31, 2022 (USD in thousands) Verticals Food Comprehensive Corporate Online Consolidated Balance as of January 1, 2022 $ 19,788 $ - $ - $ - $ - $ 19,788 Impairment loss - - - - - - Acquisitions in 2022 - - 81,459 - - 81,459 Balance as of December 31, 2022 $ 19,788 $ - $ 81,459 $ - $ - $ 101,247

Description of Business (Detail

Description of Business (Details) - USD ($)			6 Months Ended
	Jul. 27, 2023	Feb. 09, 2023	Jun. 30, 2023	Aug. 01, 2023	Jul. 03, 2023	Jun. 07, 2023	Dec. 31, 2022	Dec. 01, 2022
Description of Business [Abstract]
Partnership description			five segments and following the recent launch of TingoPay we will be operating in six segments (i) verticals and technology, comprised of our operations in China where we operate our insurance brokerage business (“Verticals and Technology”); (ii) online stock trading, primarily comprised of the operation of Magpie Securities Limited (“Magpie”) through which we operate the online stock trading business, primarily out of Hong Kong and Singapore (“Online Stock Trading”); (iii) comprehensive platform service, which includes the operations of Tingo Mobile described below (“Comprehensive Platform Service”); (iv) food processing, where crops and raw foods are purchased by Tingo Foods, before being processed into finished food products, through arrangements with third party rice mills, cashew processing plants, and other food processing companies, and sold to large food distributor and wholesaler companies (Tingo Foods was purchased by the Company in February 2023) (“Food Processing”); (v) export and commodity trading, where both agricultural commodities and processed foods are exported and traded on a global basis through Tingo DMCC, which operates from the Dubai Multi Commodity Centre (the “DMCC”) (“Export and Commodity Trading”); and (vi) Consumer Super App, digital payment services and merchant services, which in partnership with Visa operates the TingoPay Super App (currently in a beta version) offering retail customers a range of services, including but not limited to online payments in their domestic or foreign currencies, as well as the ability to manage their Visa cards, pay bills, arrange insurance, arrange loans and purchase mobile telephone top-ups.
Issued shares (in Shares)				40,000			4,194,782
Consideration percentage			19.90%
Convertible shares (in Shares)						26,042,808
Preferred stock redemption value (in Dollars)			$ 666,666,667
Common stock equivalent value (in Dollars)			666,666,667
Loan (in Dollars)			$ 23,700,000
Loan bears interest			5%
Matures date			May 10, 2024
Purchased percentage		100%
Secured note value (in Dollars)			$ 204,000
Interest rate			5%
Series A Preferred Stock [Member]
Description of Business [Abstract]
Issued shares (in Shares)	26,042,808
Preferred stock, shares issued (in Shares)						2,604.28		2,604.28
TMNA [Member]
Description of Business [Abstract]
Issued shares (in Shares)			0.001
Ownership percentage			75%
Subsequent Event [Member]
Description of Business [Abstract]
Issued shares (in Shares)					13,167,641
Convertible shares (in Shares)	26,042,808
Convertible percentage	20.10%
Subsequent Event [Member] | Series A Preferred Stock [Member]
Description of Business [Abstract]
Preferred stock, shares issued (in Shares)	2,604.28
Promissory Note [Member]
Description of Business [Abstract]
Promissory note term			2 years
Tingo Group Holdings, LLC [Member]
Description of Business [Abstract]
Convertible percentage			35%

Description of Business (Deta_2

Description of Business (Details) - Schedule of Assets and Liabilities - VIE [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalent	$ 157	$ 3,690
Trade accounts receivable, net	69	6,823
Related party receivables	1,932	2,001
Other current assets	177	2,278
Total current assets	2,335	14,792
Property and equipment, net	37	176
Intangible assets, net	3	5,712
Long-term deposit and other non-current assets		48
Right of use assets under operating lease	101	711
Restricted cash escrow	690	1,479
Deferred tax assets	822	793
Total long-term assets	1,653	8,919
Total assets	3,988	23,711
Current liabilities:
Short-term loan		286
Trade accounts payable	91	4,817
Related party payables	3,822	4,002
Current operating lease liability	100	230
Other current liabilities	28	4,515
Total current liabilities	4,041	13,850
Long-term liabilities:
Long-term loan		377
Long-term operating lease liability		257
Deferred tax liabilities		224
Total long-term liabilities		858
Total liabilities	$ 4,041	$ 14,708

Description of Business (Deta_3

Description of Business (Details) - Schedule of Net Revenues, Loss from Operations and Net Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Schedule of Net Revenues Loss from Operations and Net Loss [Abstract]
Net revenues	$ 11,649	$ 10,729	$ 30,285	$ 19,593
Profit (loss) from operations	1,102	(137)	295	(2,321)
Net profit (loss)	$ 618	$ 68	$ 273	$ (1,504)

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - Schedule of Exchange Rate Conversion - $ / shares	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Naira [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Exchange Rate Conversion [Line Items]
Exchange rate currency	$ 770.38	$ 481.977	$ 448.55
RMB [Member]
Summary of Significant Accounting Policies (Details) - Schedule of Exchange Rate Conversion [Line Items]
Exchange rate currency	$ 7.2513	$ 6.928	$ 6.8972

Tingo Mobile Transaction (Detai

Tingo Mobile Transaction (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Tingo Mobile Limited Transaction [Abstract]
Fair value	$ 1,215,241
Income tax rate	30%

Tingo Mobile Transaction (Det_2

Tingo Mobile Transaction (Details) - Schedule of Allocation of the Preliminary Purchase Price as of the Acquisition Date $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Schedule of Allocation of the Preliminary Purchase Price as of the Acquisition Date [Abstract]
Total Merger consideration	$ 1,215,241	[1]
Total purchase consideration	1,215,241
Less:
Net working capital	170,327
Property and equipment	760,661
Intangible – farmer cooperative	24,893
Intangible – trade names and trade marks	54,576
Intangible – software	90,030
Deferred tax liability	(50,849)	[2]
Total	1,049,638
Goodwill	$ 165,603	[3]
[1] The $1,215,241 value of the Merger consideration transferred was determined in accordance with ASC 820 and ASC 805. ASC 820 requires that fair value to maximize objective evidence and be determined using assumptions that a market participant would use, and when level 1 inputs exist, it should be used unless determined to be not representative. That would have meant using the unadjusted Tingo Group quoted price at the time of completion of the Transaction. The Company is of the opinion however, that the market value per share price as quoted on Nasdaq is not representative of the fair value and should not be used to determine the merger consideration. Using market value per share of Tingo Group would have led to a significant bargain purchase gain and an internal rate of return that was not reasonable as well as other valuation anomalies that it created. Hence, and in accordance with ASC 805-30-30-5, the Company reassessed the determination of the consideration transferred and determined that the use of the quoted price of Tingo, Inc’s share price on the OTC at market close is more appropriate in determining the consideration fair value. Represents the income tax effect of the difference between the accounting and income tax bases of the identified intangible assets, using an assumed statutory income tax rate of 30%. The goodwill is not deductible for tax purposes.

Tingo Mobile Transaction (Det_3

Tingo Mobile Transaction (Details) - Schedule of Goodwill - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Schedule of Goodwill [Abstract]
Revenues	$ 977,169	$ 280,643	$ 1,828,414	$ 547,263
Net profit attributable to Tingo Group, Inc	$ 96,508	$ 58,117	$ 273,248	$ 82,180

Tingo Foods PLC Purchase Pric_3

Tingo Foods PLC Purchase Price Allocation (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2023
Tingo Foods PLC Purchase Price Allocation (Details) [Line Items]
Interest rate per annum		5%
Statutory income tax rate		30%
Net Profit		$ 122,341
Revenues		983,653
Promissory Note [Member]
Tingo Foods PLC Purchase Price Allocation (Details) [Line Items]
Merger consideration transferred		$ 204,000
Promissory note term		2 years

Tingo Foods PLC Purchase Pric_4

Tingo Foods PLC Purchase Price Allocation (Details) - Schedule of Summarizes the Estimates of the Fair Value of Assets $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Schedule of Summarizes the Estimates of the Fair Value of Assets [Abstract]
Total Merger consideration	$ 204,000	[1]
Total purchase consideration	204,000
Less:
Net working capital	42,077
Property and equipment	12,235
Intangible – Customer Relationships	125,677
Intangible – trade names and trade marks	22,097
Deferred tax liability	(44,332)	[2]
Total	157,754
Goodwill	$ 46,246	[3]
[1]The $204,000 value of the Merger Consideration transferred as the Promissory Note. The Promissory Note is for a term of two years with an interest rate of 5% per annum. The interest rate on the Promissory Note is reasonably reflective of a market-participant rate. MICT Fintech agreed to certain covenants in connection with the Promissory Note, including with regard to its ability to incur additional debt or create additional liens. The Acquisition will not result in any new issuance of shares of Common Stock, nor of any instruments convertible into shares of Common Stock.[2] Represents the income tax effect of the difference between the accounting and income tax bases of the identified intangible assets, using an assumed statutory income tax rate of 30%. The goodwill is not deductible for tax purposes.

Tingo Foods PLC Purchase Pric_5

Tingo Foods PLC Purchase Price Allocation (Details) - Schedule of Revenues and Net Profit - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Schedule of Revenues and Net Profit [Abstract]
Revenues	$ 977,169	$ 1,860,348
Net profit attributable to Tingo Group, Inc.	$ 96,508	$ 275,626

Exit of All Weather (Details)

Exit of All Weather (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)	Jul. 01, 2021 USD ($)	Jul. 01, 2021 CNY (¥)
Loss of Control of All Weather [Abstract]
Loan granted				$ 4,700	¥ 30,000
Working capital amount		$ 4,700	¥ 30,000
Impairment consideration charge	$ 3,333

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - $ / shares

1 Months Ended

6 Months Ended

12 Months Ended

May 01, 2023

Feb. 05, 2023

Dec. 01, 2022

Apr. 30, 2023

Jun. 30, 2023

Dec. 31, 2022

Aug. 01, 2023

Jul. 31, 2023

Jul. 27, 2023

Jun. 23, 2023

Jun. 07, 2023

May 12, 2023

Mar. 06, 2023

Stockholders’ Equity (Details) [Line Items]

Common stock

26,042,808

164,968,599

157,599,882

Shares issued

1,015,386

Temporary equity, description

(i) cause the redemption of Series B Preferred Stock to take place within 90 days; and (ii) cause the Company to redeem all of the Series B Preferred Stock in exchange for $666,666,667 or an amount of common stock of TGH equivalent in value to $666,666,667.

Shares issued of common stock

4,194,782

40,000

Future issuance shares

805,218

Dividend yield percentage

0%

Expected volatility

87.20%

100.40%

Risk-free interest rate

0.99%

1.64%

Expected life

6 years 6 months

10 years

Grant of fully vested shares of common stock

3,200,000

2012 Incentive Plan [Member]

Stockholders’ Equity (Details) [Line Items]

Shares issued of common stock

5,000,000

2020 Incentive Plan [Member]

Stockholders’ Equity (Details) [Line Items]

Shares issued of common stock

25,000,000

60,000

Series A Preferred Stock [Member]

Stockholders’ Equity (Details) [Line Items]

Shares issued

2,604.28

2,604.28

Common stock

26,042,808

Shares issued and outstanding percentage

20.10%

Shares issued of common stock

26,042,808

Preferred stock conversion

2,604.28

Series B Preferred Stock [Member]

Stockholders’ Equity (Details) [Line Items]

Common stock

336,872,138

Shares issued and outstanding percentage

35%

Shares issued

33,687.21

Common Stock [Member]

Stockholders’ Equity (Details) [Line Items]

Shares issued of common stock

1,000,000

Cushman Holdings Limited [Member]

Stockholders’ Equity (Details) [Line Items]

Shares issued of common stock

1,309,500

Intermediate Holdings Limited [Member]

Stockholders’ Equity (Details) [Line Items]

Shares issued of common stock

750,000

China Strategic Investments Limited [Member]

Stockholders’ Equity (Details) [Line Items]

Shares issued of common stock

100,000

250,000

Board of Directors [Member]

Stockholders’ Equity (Details) [Line Items]

Shares issued of common stock

720,000

Corprominence LLC[Member]

Stockholders’ Equity (Details) [Line Items]

Shares issued of common stock

48,000

WARBERG WF IX LP [Member]

Stockholders’ Equity (Details) [Line Items]

Shares issued of common stock

65,831

Repurchase Agreements [Member]

Stockholders’ Equity (Details) [Line Items]

Exercise price (in Dollars per share)

$ 3.12

Offering price per share (in Dollars per share)

$ 2.8

Cash paid per share (in Dollars per share)

$ 0.1

$ 0.15

Aggregate amount

6,548,000

Stockholders_ Equity (Details)

Stockholders’ Equity (Details) - Schedule of Stock Options Outstanding and Exercisable	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Stock Option Plan One [Member]
Stockholders’ Equity (Details) - Schedule of Stock Options Outstanding and Exercisable [Line Items]
Options Outstanding, Number Outstanding	125,000
Options Outstanding, Weighted Average Remaining Contractual Life	8 years
Options Exercisable, Number Exercisable	125,000
Options Exercisable, Exercise Price (in Dollars per share) | $ / shares	$ 1.41
Stock Option Plan Two [Member]
Stockholders’ Equity (Details) - Schedule of Stock Options Outstanding and Exercisable [Line Items]
Options Outstanding, Number Outstanding	340,000
Options Outstanding, Weighted Average Remaining Contractual Life	8 years
Options Exercisable, Number Exercisable	340,000
Options Exercisable, Exercise Price (in Dollars per share) | $ / shares	$ 1.81
Stock Option Plan Three [Member]
Stockholders’ Equity (Details) - Schedule of Stock Options Outstanding and Exercisable [Line Items]
Options Outstanding, Number Outstanding	95,000
Options Outstanding, Weighted Average Remaining Contractual Life	8 years
Options Exercisable, Number Exercisable	63,333
Options Exercisable, Exercise Price (in Dollars per share) | $ / shares	$ 2.49
Option Four [Member]
Stockholders’ Equity (Details) - Schedule of Stock Options Outstanding and Exercisable [Line Items]
Options Outstanding, Number Outstanding	560,000
Options Exercisable, Number Exercisable	528,333

Stockholders_ Equity (Details_2

Stockholders’ Equity (Details) - Schedule of Stock Option Plan - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Schedule of stock option plan [Abstract]
Number of Options, Options outstanding at the beginning of period	590,000	1,558,000
Weighted Average Exercise Price, Options outstanding at the beginning of period	$ 1.83	$ 1.74
Changes during the period:
Number of Options, Granted
Weighted Average Exercise Price, Granted
Number of Options, Exercised
Weighted Average Exercise Price, Exercised
Number of Options, Forfeited	(30,000)	(968,000)
Weighted Average Exercise Price, Forfeited	$ 1.81	$ 1.68
Number of Options, Options outstanding at the end of the period	560,000	590,000
Weighted Average Exercise Price, Options outstanding at the end of the period	$ 1.83	$ 1.83
Number of Options, Options exercisable at the end of the period	528,333	434,167
Weighted Average Exercise Price, Options exercisable at the end of the period	$ 1.79	$ 1.74

Stockholders_ Equity (Details_3

Stockholders’ Equity (Details) - Schedule of Warrants Outstanding	6 Months Ended
	Jun. 30, 2023 $ / shares shares
Schedule of Warrants Outstanding [Abstract]
Warrants Outstanding, Beginning Balance | shares	62,863,879
Average Exercise Price, Beginning Balance | $ / shares	$ 2.854
Remaining Contractual Life, Beginning Balance	4 years 3 months
Warrants Outstanding, Granted | shares
Average Exercise Price, Granted | $ / shares
Remaining Contractual Life, Granted
Warrants Outstanding, Forfeited | shares	(25,981,836)
Average Exercise Price, Forfeited | $ / shares	$ 0.25
Remaining Contractual Life, Forfeited
Warrants Outstanding, Exercised | shares	(1,015,386)
Average Exercise Price, Exercised | $ / shares	$ 3.07
Remaining Contractual Life, Exercised
Warrants Outstanding, Ending Balance | shares	35,866,657
Average Exercise Price, Ending Balance | $ / shares	$ 2.84
Remaining Contractual Life, Ending Balance	3 years 3 months

Segments (Details)

Segments (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Segments (Details) [Line Items]
Impairment of intangible asset			$ 19,788
Loss from deconsolidated	$ 3,333		3,333
Intangible assets amortization	782	$ 1,591,000	1,578
Impairment of assets	1,253,000		15,650,000
Intangible assets					$ 1,226,000
Guangxi Zhongtong Insurance Agency Co., Ltd [Member]
Segments (Details) [Line Items]
Impairment of intangible asset	1,806		1,806
GFH [Member]
Segments (Details) [Line Items]
Impairment of intangible asset	7,777		7,777
Beijing Fucheng Lianbao Technology Co. [Member]
Segments (Details) [Line Items]
Impairment of intangible asset	4,814		4,814
GFHI Acquisitions [Member]
Segments (Details) [Line Items]
Impairment of goodwill derived	19,788		19,788		19,788,000
Intangible assets amortization		$ 733,000
Intangible assets					17,009,000
Tingo Mobile Acquisition [Member]
Segments (Details) [Line Items]
Impairment of goodwill derived			165,603,000		81,459,000
Intangible assets amortization	7,240		14,488,000
Intangible assets	152,453,000		152,453,000		167,143,000
Deferred tax liability	45,778,000		45,778,000		50,143,000
Magpie [Member]
Segments (Details) [Line Items]
Intangible assets amortization			1,253
Tingo Foods Acquisition [Member]
Segments (Details) [Line Items]
Impairment of goodwill derived			46,246,000
Intangible assets amortization	4,619
Intangible assets	140,077,000		140,077,000
Deferred tax liability	$ 42,023,000		42,023,000
GFHI Zongtong Acquisitions [Member]
Segments (Details) [Line Items]
Deferred tax liability					3,125,000
Series B Preferred Stock [Member]
Segments (Details) [Line Items]
Redeemable preferred stock			553,035,000		$ 553,035,000
Tingo Foods Acquisition [Member]
Segments (Details) [Line Items]
Intangible assets amortization			$ 7,697,000

Segments (Details) - Schedule o

Segments (Details) - Schedule of Financial Performance of Our Operating Segments - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023		Jun. 30, 2022		Jun. 30, 2023		Jun. 30, 2022
Verticals and technology [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	$ 13,169	[1]	$ 11,950	[2]	$ 33,721	[3]	$ 21,483	[4]
Segment operating loss	(37,830)	[1]	(1,795)	[2]	(41,054)	[3]	(6,090)	[4]
Other income, net	(940)	[1]	632	[2]	(492)	[3]	807	[4]
Financial income (expenses), net	16	[1]	77	[2]	81	[3]	253	[4]
Online stock trading [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	20	[5]	8		28	[6]	38
Segment operating loss	(2,814)	[5]	(2,494)		(4,515)	[6]	(6,038)
Other income, net	(1)	[5]	51		(9)	[6]	51
Financial income (expenses), net	(392)	[5]	(564)		(439)	[6]	(1,043)
Corporate and others [Member]
Segment Reporting Information [Line Items]
Revenues from external customers		[7]		[8]		[9]		[10]
Segment operating loss	(4,827)	[7]	(9,481)	[8]	(14,744)	[9]	(11,612)	[10]
Other income, net		[7]		[8]		[9]	(20)	[10]
Financial income (expenses), net	(1,454)	[7]	(680)	[8]	(2,088)	[9]	(299)	[10]
Comprehensive Platform Service [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	209,550	[11]			463,016	[12]
Segment operating loss	97,215	[11]			229,289	[12]
Other income, net	153	[11]			138	[12]
Financial income (expenses), net	(20,119)	[11]			(17,776)	[12]
Export and Commodity Trading [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	347,997				347,997
Segment operating loss	69,599				69,599
Other income, net
Financial income (expenses), net
Food Processing [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	406,433	[13]			983,652	[14]
Segment operating loss	60,370	[13]			203,815	[14]
Other income, net		[13]				[14]
Financial income (expenses), net	(872)	[13]			(1,155)	[14]
Consolidated [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	977,169		11,958		1,828,414		21,521
Segment operating loss	181,713		(13,770)		442,390		(23,740)
Other income, net	(788)		683		(363)		838
Financial income (expenses), net	(22,821)		(1,167)		(21,377)		(1,089)
Consolidated loss before income tax benefit	$ 158,104		$ (14,254)		$ 420,650		$ (23,991)
[1] Includes: (1) $1,806 Impairment of intangible assets from Guangxi Zhongtong Insurance Agency Co., Ltd, (2) $7,777 Impairment of intangible assets from GFH transaction (3) $4,814 Impairment of intangible assets from Beijing Fucheng Lianbao Technology Co. (4) $19,788 impairment of goodwill derived from GFHI acquisition. (5) $3,333 loss from All Weather’s deconsolidation (6) $782 of intangible assets amortization. Includes $733 of intangible assets amortization, derived from the GFHI Acquisition. Includes: (1) $1,806 Impairment of intangible assets from Guangxi Zhongtong Insurance Agency Co., Ltd, (2) $7,777 Impairment of intangible assets from GFH transaction (3) $4,814 Impairment of intangible assets from Beijing Fucheng Lianbao Technology Co. (4) $19,788 impairment of goodwill derived from GFHI acquisition. (5) $3,333 loss from All Weather’s deconsolidation (6) $1,578 of intangible assets amortization. Includes $1,253 Impairment of intangible assets from Magpie. Corporate and others segment represents those results that: (i) are not specifically attributable to a reportable segment; (ii) are not individually reportable or (iii) have not been allocated to a reportable segment for the purpose of evaluating their performance, including certain general and administrative expense items. Corporate and others segment represents those results that: (i) are not specifically attributable to a reportable segment; (ii) are not individually reportable or (iii) have not been allocated to a reportable segment for the purpose of evaluating their performance, including certain general and administrative expense items. Includes $7,240 of intangible assets amortization, derived from the Tingo Mobile acquisition. Includes $14,488 of intangible assets amortization, derived from the Tingo Mobile merger. Includes $4,619 of intangible assets amortization, derived from the Tingo Foods acquisition. Includes $7,697 of intangible assets amortization, derived from the Tingo Foods acquisition.

Segments (Details) - Schedule_2

Segments (Details) - Schedule of the Financial Statements of our Balance Sheet Accounts of the Segments - USD ($) $ in Thousands		Jun. 30, 2023		Dec. 31, 2022
Segments (Details) - Schedule of the Financial Statements of our Balance Sheet Accounts of the Segments [Line Items]
Assets related to segments		$ 1,685,188		$ 1,682,358
Liabilities and Series B Preferred Stock related to segments		(1,161,565)		(909,359)
Total equity		523,623		772,999
Verticals and technology [Member]
Segments (Details) - Schedule of the Financial Statements of our Balance Sheet Accounts of the Segments [Line Items]
Assets related to segments		18,245		40,831	[1]
Liabilities and Series B Preferred Stock related to segments		(6,742)		(18,406)	[1]
Online stock trading [Member]
Segments (Details) - Schedule of the Financial Statements of our Balance Sheet Accounts of the Segments [Line Items]
Assets related to segments		7,629		21,077	[2]
Liabilities and Series B Preferred Stock related to segments		(2,664)		(3,911)	[2]
Comprehensive Platform Service [Member]
Segments (Details) - Schedule of the Financial Statements of our Balance Sheet Accounts of the Segments [Line Items]
Assets related to segments		907,887	[3]	1,541,093	[4]
Liabilities and Series B Preferred Stock related to segments		(559,430)	[3]	(877,353)	[4]
Food Processing [Member]
Segments (Details) - Schedule of the Financial Statements of our Balance Sheet Accounts of the Segments [Line Items]
Assets related to segments	[5]	352,570
Liabilities and Series B Preferred Stock related to segments	[5]	(94,488)
Corporate and others [Member]
Segments (Details) - Schedule of the Financial Statements of our Balance Sheet Accounts of the Segments [Line Items]
Assets related to segments		50,860
Liabilities and Series B Preferred Stock related to segments		(219,843)
Export and Commodity Trading [Member]
Segments (Details) - Schedule of the Financial Statements of our Balance Sheet Accounts of the Segments [Line Items]
Assets related to segments		347,997
Liabilities and Series B Preferred Stock related to segments		$ (278,398)
Corporate and Other [Member]
Segments (Details) - Schedule of the Financial Statements of our Balance Sheet Accounts of the Segments [Line Items]
Assets related to segments				79,357
Liabilities and Series B Preferred Stock related to segments				$ (9,689)
[1] Includes $17,009 of intangible assets and $19,788 goodwill, derived from the GFHI Acquisition. Includes $1,226 of intangible assets. Includes $152,453 of intangible assets and $165,603 goodwill, derived from Tingo Mobile acquisition. Includes $167,143 of intangible assets and $81,459 goodwill, derived from the Tingo Mobile acquisition. Includes $140,077 of intangible assets and $46,246 goodwill, derived from the Tingo Foods acquisition.

Trade Accounts Receivable, Ne_2

Trade Accounts Receivable, Net (Details) - Schedule of Accounts Receivable - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Accounts Receivable [Abstract]
Trade accounts receivable	$ 368,530	$ 14,553
Allowance for doubtful accounts	(2,508)	(3,012)
Total	$ 366,022	$ 11,541

Trade Accounts Receivable, Ne_3

Trade Accounts Receivable, Net (Details) - Schedule of Allowance for Doubtful Accounts - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Allowance for Doubtful Accounts [Abstract]
Beginning balance	$ 3,012	$ 2,606
Provision	900	618
Recovery	(816)
Exchange rate fluctuation	(588)	(212)
Total	$ 2,508	$ 3,012

Other Current Assets (Details)

Other Current Assets (Details) - Schedule of Other Current Assets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Other Current Assets [Abstract]
Prepaid expenses	$ 267	$ 1,019
Advance to suppliers	141,739	2,821
Deposit	285	287
Other receivables	11,688	1,701
Other current assets total	$ 153,979	$ 5,828

Related Parties (Details) - Sch

Related Parties (Details) - Schedule of Current Assets – Related Parties - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Related Parties (Details) - Schedule of Current Assets – Related Parties [Line Items]
Current assets- related parties		$ 8,812	$ 13,491
Shareholders of All Weather [Member]
Related Parties (Details) - Schedule of Current Assets – Related Parties [Line Items]
Current assets- related parties			4,603
Beijing Fucheng Lianbao Technology Co. [Member]
Related Parties (Details) - Schedule of Current Assets – Related Parties [Line Items]
Current assets- related parties			267
Loan to Tingo Inc. [Member]
Related Parties (Details) - Schedule of Current Assets – Related Parties [Line Items]
Current assets- related parties	[1]	8,120	8,099
Beijing Fucheng Prospect Technology Co., Ltd. [Member]
Related Parties (Details) - Schedule of Current Assets – Related Parties [Line Items]
Current assets- related parties		314
Shareholders of Guangxi Zhongtong [Member]
Related Parties (Details) - Schedule of Current Assets – Related Parties [Line Items]
Current assets- related parties		$ 378	$ 522
[1] Tingo’s loan- as discussed in Note 1.

Related Parties (Details) - S_2

Related Parties (Details) - Schedule of Current Liabilities – Related Parties - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Related Parties (Details) - Schedule of Current Liabilities – Related Parties [Line Items]
Current liabilities – related parties	$ 25,606	$ 57,506
Beijing Century Tianyuan Business Management Co., LTD [Member]
Related Parties (Details) - Schedule of Current Liabilities – Related Parties [Line Items]
Current liabilities – related parties	117	308
Beijing Global Credit Financial Analysis Technology Co., LTD [Member]
Related Parties (Details) - Schedule of Current Liabilities – Related Parties [Line Items]
Current liabilities – related parties	276
Beijing Internet New Network Technology Development Co. LTD [Member]
Related Parties (Details) - Schedule of Current Liabilities – Related Parties [Line Items]
Current liabilities – related parties	292
Shareholders of All Weather [Member]
Related Parties (Details) - Schedule of Current Liabilities – Related Parties [Line Items]
Current liabilities – related parties		659
Shareholders of Tingo Mobile Limited [Member]
Related Parties (Details) - Schedule of Current Liabilities – Related Parties [Line Items]
Current liabilities – related parties	$ 24,921	$ 56,539

Commitment and Contingencies (D

Commitment and Contingencies (Details) - USD ($) $ in Thousands	Apr. 18, 2023	Aug. 01, 2023	Jul. 03, 2023	Dec. 31, 2022
Commitment and Contingencies (Details) [Line Items]
Aggregate damages	$ 13,426
Deposit shares		40,000		4,194,782
Subsequent Event [Member]
Commitment and Contingencies (Details) [Line Items]
Deposit shares			13,167,641

Commitment and Contingencies _2

Commitment and Contingencies (Details) - Schedule of Contractual Obligations $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Contractual Obligation:
Office leases commitment	$ 1,411
Short-term debt obligations Commitment	165
Services Contract Commitment	1,372
Total	2,948
Less than 1 year [Member]
Contractual Obligation:
Office leases commitment	530
Short-term debt obligations Commitment	165
Services Contract Commitment	375
Total	1,070
1-3 year [Member]
Contractual Obligation:
Office leases commitment	840
Services Contract Commitment	749
Total	1,589
3-5 year [Member]
Contractual Obligation:
Office leases commitment	41
Short-term debt obligations Commitment
Services Contract Commitment	248
Total	289
5+ year [Member]
Contractual Obligation:
Office leases commitment
Short-term debt obligations Commitment
Services Contract Commitment
Total

Operating Leases (Details)

Operating Leases (Details)	6 Months Ended
	Jun. 30, 2023
Operating Leases [Abstract]
Operating lease term	4 years
Operating lease initial term	12 months

Operating Leases (Details) - Sc

Operating Leases (Details) - Schedule of Leases by Balance Sheet - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Right-of-use assets	$ 1,400	$ 2,260
Liabilities
Lease liabilities- current portion	834	1,215
Lease liabilities- long term	507	905
Total Lease liabilities	$ 1,341	$ 2,120

Operating Leases (Details) - _2

Operating Leases (Details) - Schedule of Operating Lease Expenses - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Schedule of Operating Lease Expenses [Abstract]
Operating lease cost	$ 479	$ 261	$ 956	$ 673

Operating Leases (Details) - _3

Operating Leases (Details) - Schedule of Operating Lease Liabilities $ in Thousands	Dec. 31, 2022 USD ($)
Schedule of Maturities Operating Lease Liabilities [Abstract]
2023	$ 530	[1]
2024	559
2025	262
2026	20
2027	15
Thereafter	25
Total lease payment	1,411
Less: imputed interest	(70)
Total lease liabilities	$ 1,341
[1] Not include operating leases with a term less than one year.

Operating Leases (Details) - _4

Operating Leases (Details) - Schedule of Lease Term and Discount Rate	6 Months Ended
	Jun. 30, 2023
Schedule of lease term and discount rate [Abstract]
Weighted-average remaining lease term (years) – operating leases	1 year 11 months 23 days
Weighted average discount rate – operating leases	5.70%

Operating Leases (Details) - _5

Operating Leases (Details) - Schedule of Operating Lease Revenue - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Schedule of Operating Lease Revenue [Abstract]
Fixed contractual payments	$ 102,690	$ 216,350

Operating Leases (Details) - _6

Operating Leases (Details) - Schedule of Future Lease Payments $ in Thousands	Dec. 31, 2022 USD ($)
Schedule of Future Lease Payments [Abstract]
2023	$ 165,497
2024	97,930
2025
2026
2027
Thereafter

Provision for Income Taxes (Det

Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Dec. 31, 2020
Provision for Income Taxes (Details) [Line Items]
Statutory federal income tax rate	21%	21%		21%
Operating loss carry forward (in Dollars)	$ 75,952		$ 75,952
Operating loss carry forward balance (in Dollars)	5,115		5,115
Operating loss carry forward remaining balance (in Dollars)	$ 70,837		$ 70,837
Profits tax, description			Hong Kong profits tax for a corporation from the year of assessment 2018/2019 onwards is generally 8.25% on assessable profits up to HK$2,000; and 16.5% on any part of assessable profits over HK$2,000.
Corporate tax rate	30%	30%
Israel [Member]
Provision for Income Taxes (Details) [Line Items]
Operating loss carry forward (in Dollars)	$ 9,330		$ 9,330
General tax rate	23%	23%
China [Member]
Provision for Income Taxes (Details) [Line Items]
Statutory federal income tax rate			25%
Operating loss carry forward (in Dollars)	$ 16,957		$ 16,957
Singapore [Member]
Provision for Income Taxes (Details) [Line Items]
Operating loss carry forward (in Dollars)	1,097		$ 1,097
Income tax rate			17%
Carried forward term			5 years
Australia [Member]
Provision for Income Taxes (Details) [Line Items]
Operating loss carry forward (in Dollars)	112		$ 112
Income tax rate			25%
Nigeria [Member]
Provision for Income Taxes (Details) [Line Items]
Operating loss carry forward (in Dollars)
Dubai [Member]
Provision for Income Taxes (Details) [Line Items]
Corporate tax rate			0%
Magpie Securities Limited [Member]
Provision for Income Taxes (Details) [Line Items]
Tax loss carry forward (in Dollars)			$ 18,726
BI Intermediate Limited [Member]
Provision for Income Taxes (Details) [Line Items]
Operating loss carry forward (in Dollars)	$ 6,852		$ 6,852

Provision for Income Taxes (D_2

Provision for Income Taxes (Details) - Schedule of Income Taxes - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Schedule of Provision for Taxes [Abstract]
Domestic	$ (5,759)	$ (1,153)	$ (15,721)	$ (9,851)
Foreign	163,863	(13,101)	436,371	(14,140)
Total	158,104	(14,254)	420,650	(23,991)
Domestic	84	246	124	248
Foreign	67,931		157,107
Total	68,015	246	157,231	248
Domestic
Foreign	(6,234)	(251)	(9,536)	(1,329)
Total	(6,234)	(251)	(9,536)	(1,329)
Total Income tax expenses (benefit)	$ 61,781	$ (5)	$ 147,695	$ (1,081)

Provision for Income Taxes (D_3

Provision for Income Taxes (Details) - Schedule of Deferred Taxes - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Deferred tax assets
Provisions for employee rights and other temporary differences	$ 153	$ 234
Provisions for bad debt	650	753
Net operating loss carry forward	26,771	21,839
Valuation allowance	(24,025)	(19,165)
Deferred tax assets, net of valuation allowance	3,549	3,661
Deferred tax liabilities
Recognition of intangible assets arising from business combinations	(108,974)	(89,597)
Deferred tax assets (liabilities), net	$ (105,425)	$ (85,936)

Impairment of Intangible Asse_2

Impairment of Intangible Assets (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Impairment of Intangible Assets [Abstract]
totaling pre-tax	$ 14,397
Impairment charge	11,924
Pre-tax amount	1,253
totaling after tax	1,253
Intangible assets fair value		$ 1,226,000

Goodwill (Details)

Goodwill (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)
Goodwill [Abstract]
Pre-tax non-cash impairment	$ 19,788

Goodwill (Details) - Schedule o

Goodwill (Details) - Schedule of Goodwill $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Verticals and Technology [Member]
Goodwill (Details) - Schedule of Goodwill [Line Items]
Balance beginning	$ 19,788	$ 19,788
Impairment loss
Acquisitions
Impairment of goodwill	(19,788)
Adjustments to purchase price allocations
Balance ending		19,788
Food Processing [Member]
Goodwill (Details) - Schedule of Goodwill [Line Items]
Balance beginning
Impairment loss
Acquisitions	46,246
Impairment of goodwill
Adjustments to purchase price allocations
Balance ending	46,246
Comprehensive Platform Service [Member]
Goodwill (Details) - Schedule of Goodwill [Line Items]
Balance beginning	81,459
Impairment loss
Acquisitions		81,459
Impairment of goodwill
Adjustments to purchase price allocations	84,144
Balance ending	165,603	81,459
Corporate and others [Member]
Goodwill (Details) - Schedule of Goodwill [Line Items]
Balance beginning
Impairment loss
Acquisitions
Impairment of goodwill
Adjustments to purchase price allocations
Balance ending
Consolidated [Member]
Goodwill (Details) - Schedule of Goodwill [Line Items]
Balance beginning	101,247	19,788
Impairment loss
Acquisitions	46,246	81,459
Impairment of goodwill	(19,788)
Adjustments to purchase price allocations	84,144
Balance ending	211,849	101,247
Online Stock Trading [Member]
Goodwill (Details) - Schedule of Goodwill [Line Items]
Balance beginning
Impairment loss
Acquisitions
Impairment of goodwill
Adjustments to purchase price allocations
Balance ending

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event [Member]	Jul. 27, 2023 shares
Common Stock [Member]
Subsequent Events (Details) [Line Items]
Shares issued	26,042,808
Series A Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Shares issued	2,604.28
New York [Member] | Common Stock [Member]
Subsequent Events (Details) [Line Items]
Shares issued	13,167,641