0001213900-23-088338 | F-1/A | XBRL Viewer | Suncar Technology Group INC

[1]	The result of discontinued operations included those of discontinued operations from January 1, 2022 to March 1, 2022.
[2]	The result of discontinued operations included those of discontinued operations from January 1, 2022 to March 1, 2022.

- Definition

Amount after tax of income (loss) from a discontinued operation attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 19
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481231/810-10-45-19

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483475/205-20-45-3A

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-5B

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-5C

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483475/205-20-45-3B

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483475/205-20-45-4

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-1

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483475/205-20-45-3

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481231/810-10-45-15

+ Details

- Definition

Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

Net Income (Loss) Per Share

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Net Income (Loss) Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

15. NET INCOME (LOSS) PER SHARE

The following table sets forth the basic and diluted net income (loss) per share computation and provides a reconciliation of the numerator and denominator for the periods presented:

	For the Six Months Ended June 30,
	2022			2023
Numerator:
Net income (loss) from continuing operations attributable to SunCar Technology’s ordinary shareholders	$	3,155		$	(3,379	)
Net loss from discontinued operations attributable to SunCar Technology’s ordinary shareholders		(1,030	)		-
Numerator for basic and diluted net income (loss) per share calculation	$	2,125		$	(3,379	)

Denominator:
Weighted average number of ordinary shares		80,000,000			81,374,609

Net income (loss) from continuing operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
—Basic and diluted	$	0.04		$	(0.04	)

Net loss from discontinued operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
—Basic and diluted	$	(0.01	)	$	0.00

Net income (loss) attributable to SunCar Technology’s ordinary shareholders per ordinary share
—Basic and diluted	$	0.03		$	(0.04	)

17.

NET INCOME (LOSS) PER SHARE

The following table sets forth the basic and diluted net income (loss) per share computation and provides a reconciliation of the numerator and denominator for the years presented:

	For the year ended December 31,
	2020			2021			2022
Numerator:
Net income/(loss) from continuing operations attributable to SunCar’s ordinary shareholders	$	3,403		$	3,942		$	(5,675	)
Net loss from discontinued operations attributable to SunCar’s ordinary shareholders		(16,396	)		(27,663	)		(994	)
Numerator for basic and diluted net loss per share calculation	$	(12,993	)	$	(23,721	)	$	(6,669	)

Denominator:
Weighted average number of ordinary shares		225,000,000			225,000,000			225,000,000
Incremental weighted average number of ordinary shares from assumed conversion of preferred shares using if-converted method		193,668,614			193,668,614			193,668,614

Net income/(loss) from continuing operations attributable to SunCar’s ordinary shareholders per ordinary share
—Basic	$	0.01		$	0.01		$	(0.03	)
—Diluted	$	0.01		$	0.01		$	(0.03	)

Net loss from discontinued operations attributable to SunCar’s ordinary shareholders per ordinary share
—Basic and diluted	$	(0.07	)	$	(0.12	)	$	0.00

Net loss attributable to SunCar’s ordinary shareholders per ordinary share
—Basic and diluted	$	(0.06	)	$	(0.11	)	$	(0.03	)

For the years ended December 31, 2020, 2021 and 2022, 193,668,614, 193,668,614 and 193,668,614 shares issuable upon conversion of convertible preferred shares were excluded from the calculation of basic and diluted net loss per ordinary share, as the convertible preferred shares have no contractual obligation to fund or otherwise absorb the Group’s losses.

Leases (Details) - Schedule of Operating Leases - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Operating Leases With in the Consolidated Balance Sheets [Abstract]
Operating lease right-of-use assets, net	$ 1,514	$ 344
Lease liabilities - current	624	315
Lease liabilities – non-current
Total operating lease liabilities	$ 1,420	$ 315

Related Party Transactions (Details) - Schedule of Balances with Related Parties
¥ in Thousands, $ in Thousands

Jun. 30, 2023

USD ($)

Dec. 31, 2022

USD ($)

Mar. 01, 2022

CNY (¥)

Dec. 31, 2021

USD ($)

Shengda Group

Amount due to related parties, current

$ 168

$ 45,564

¥ 1

Shengda Group

Amount due to related parties, non current

43,330

$ 52,659

Payables due to the transfer of SUNCAR Online [Member]

Shengda Group

Amount due to related parties, current

^[1]

40,854

Others [Member]

Shengda Group

Amount due to related parties, current

^[2]

4,710

Automobile Service Group Ltd. [Member]

Shengda Group

Amount due to related parties, current

^[3]

168

Payables due to the transfer of SUNCAR Online [Member]

Shengda Group

Amount due to related parties, non current

^[1]

38,892

Others two [Member]

Shengda Group

Amount due to related parties, non current

^[2]

$ 4,438

[1]	On December 3, 2021, Shengda Group transferred all of its equity interest, which was 55.09% as of the transfer date, of SUNCAR Online to Shanghai Feiyou, at price RMB4 per share, totaling RMB282 million. Upon completion of the transfer, Shanghai Feiyou is liable to Shengda Group RMB282 million for the transfer of SUNCAR Online. As a result of the disposal of Shengda Group, Shengda Group became the related party of the Group, and the balance due to Shengda Group was not eliminated on the consolidated level but presented as amount due to a related party. On March 1, 2022, the Group entered into a share purchase agreement (the “SPA”) with an affiliate of Mr. Ye, the Group’s Chairman of the Board of Directors to transfer the total equity of Shengda Group with the consideration of RMB 1. Pursuant to the SPA, the Group agreed to repay the debt owed to Shengda Group by full before June 1, 2023.
[2]	Other payables were for the ordinary course of operation, which were interest free, unsecure and could be settled on demand. In April 2023, the Group negotiated with Shengda Group and consented to have an extension of payment to extend the repayment date to December 31, 2025, with annual interest rate of 1% from June 1, 2023 to December 31, 2025. Therefore, the Group reclassified the balance to non-current portion after the extension.
[3]	Other payables were for the ordinary course of operation, which were interest free, unsecure and could be settled on demand.

Leases (Details) - Schedule of Components of Lease Expenses - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Lease cost
Amortization of right-of-use assets	$ 350	$ 619	$ 619
Interest of operating lease liabilities	$ 9	$ 29	29
Total Lease cost			$ 648

Summary of Significant Accounting Policies (Details) $ in Thousands		6 Months Ended		12 Months Ended
	Nov. 20, 2019 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Summary of Significant Accounting Policies (Details) [Line Items]
Shareholders equity amount		$ 507
Contract liabilities		3,870		$ 3,569
Deferred revenue recognized amount		$ 3,569	$ 1,901	1,901		$ 1,053	$ 3,328
Invested amount	$ 290
Total investment percentage	5.00%
Deferred revenue				3,569		1,901
Local PRC government authorities amount				3,753		1,897	1,566
Value-added tax deduction				3,426		1,729	1,322
High-tech enterprises				327		168	$ 244
Deferred tax assets, regulatory assets and liabilities				939		$ 972
Underpayment of taxes				$ 14,358	¥ 100,000
SunCar [Member]
Summary of Significant Accounting Policies (Details) [Line Items]
Equity interest percentage				100.00%

Taxation (Details) - Schedule of Changes in Valuation Allowance - USD ($) $ in Thousands			12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Schedule of Changes in Valuation Allowance [Abstract]
Balance at beginning of the period	$ 7,577	$ 2,314	$ 2,314	$ 2,030
Additions	1,268	5,436	5,436	233
Foreign currency translation adjustments	(370)	(173)	(173)	51
Balance at end of the period	$ 8,475	$ 7,577	$ 7,577	$ 2,314

Organization and Principal Activities (Details) - Schedule of Major Subsidiaries	12 Months Ended
	Dec. 31, 2022
Shanghai Xuanbei Automobile Service Co., Limited (“Shanghai Xuanbei”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation	Apr. 26, 2018
Place of Incorporation	PRC
Percentage of Effective Ownership	100.00%
Principal Activities	Automotive after-sales service
Shanghai Shengshi Dalian Automobile Service Co., Limited (“Shengda Automobile”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation	Jun. 08, 2013
Place of Incorporation	PRC
Percentage of Effective Ownership	84.89%
Principal Activities	Automotive after-sales service
Sun Car Online Insurance Agency Co., Ltd. (“SUNCAR Online”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation	Dec. 05, 2007
Place of Incorporation	PRC
Percentage of Effective Ownership	56.51%
Principal Activities	Insurance intermediation service
Haiyan Trading (Shanghai) Co., Limited (“Haiyan”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation	Nov. 22, 2012
Place of Incorporation	PRC
Percentage of Effective Ownership	100.00%
Principal Activities	Holding company
Shanghai Feiyou Trading Co., Limited (“Shanghai Feiyou”) [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Date of Incorporation	Jun. 11, 2009
Place of Incorporation	PRC
Percentage of Effective Ownership	100.00%
Principal Activities	Technology services

Accounts Receivable, Net (Details) - Schedule of Accounts Receivable, Net - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Schedule of Accounts Receivable Net [Abstract]
Accounts receivable	$ 95,783	$ 110,967		$ 85,637
Allowance for doubtful accounts	(21,190)	(25,348)	$ (237)
Accounts receivable, net	$ 74,593	$ 85,619

Software and Equipment, Net

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Software and Equipment, Net [Abstract]

SOFTWARE AND EQUIPMENT, NET

7. SOFTWARE AND EQUIPMENT, NET

Software and equipment, net, consisted of the following:

	December 31,			June 30,
	2022			2023
Cost
Vehicles	$	979		$	994
Office equipment and furniture		184			176
Electronic equipment		10,587			10,106
Computer software		16,523			15,716
Leasehold improvements		762			710
Others		733			697
Total		29,768			28,399
Less: accumulated depreciation		(11,277	)		(13,359	)
Property and equipment, net	$	18,491		$	15,040

Depreciation expense was $2,077 and $2,840 for the six months ended June 30, 2022 and 2023, respectively.

7.	SOFTWARE AND EQUIPMENT, NET

Software and equipment, net, consisted of the following:

	December 31,
	2021			2022
Cost
Vehicles		1,094			979
Office equipment and furniture		201			184
Electronic equipment		10,277			10,587
Computer software ⁽ⁱ⁾		5,053			16,523
Leasehold improvements		825			762
Others		794			733
Total		18,244			29,768
Less: accumulated depreciation		(7,505	)		(11,277	)
Software and equipment, net	$	10,739			18,491

(i) In 2022, hybrid cloud platform developed with the assistance of a third-party cloud service provider was partially substantially ready for use and transferred from other non-current assets. Cost of hybrid cloud platform represents the purchase price of the platform and other expenditures incurred to bring the platform into its intended use. The application of the hybrid cloud platform was to improve the IT development capability for internal-used software platforms which provide automotive after-sales services and insurance intermediation services to customers, and Software-As-A-Service (“SaaS”) products which are provided to business partners as technology services.

Depreciation expense was $1,613, $4,055, and $5,078 for the years ended December 31, 2020, 2021 and December 31, 2022, respectively.

During the years ended December 31, 2020, 2021 and 2022, the Group recorded no impairment loss of software and equipment.

Accrued Expenses and Other Liabilities (Details) - Schedule of Accrued Expenses and Other Liabilities - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Accrued Expenses And Other Liabilities Abstract
Payroll payable	$ 1,884	$ 1,046
Value added taxes and other taxes payable	993	144
Subscription amount received for unvested restricted shares	913	1,318
Technical service fee payable	438
Other accrued expenses	621	379
Total	$ 4,849	$ 2,887

Net Income (Loss) Per Share (Details) - Schedule of Basic and Diluted Net Loss Per Share - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net income/(loss) from continuing operations attributable to SunCar’s ordinary shareholders (in Dollars)			$ (5,675)	$ 3,942	$ 3,403
Net loss from discontinued operations attributable to SunCar’s ordinary shareholders (in Dollars)			(994)	(27,663)	(16,396)
Numerator for basic and diluted net loss per share calculation (in Dollars)	$ (3,379)	$ 2,125	$ (6,669)	$ (23,721)	$ (12,993)
Denominator:
Weighted average number of ordinary shares (in Shares)			225,000,000	225,000,000	225,000,000
Incremental weighted average number of ordinary shares from assumed conversion of preferred shares using if-converted method (in Shares)			193,668,614	193,668,614	193,668,614
Net income/(loss) from continuing operations attributable to SunCar’s ordinary shareholders per ordinary share
Basic	$ (0.04)	$ 0.04	$ (0.03)	$ 0.01	$ 0.01
Diluted	(0.04)	0.04	(0.03)	0.01	0.01
Net loss from discontinued operations attributable to SunCar’s ordinary shareholders per ordinary share
Basic	0	(0.01)	0	(0.12)	(0.07)
Net loss attributable to SunCar’s ordinary shareholders per ordinary share
Basic	$ (0.04)	$ 0.03	$ (0.03)	$ (0.11)	$ (0.06)

Condensed Financial Information of the Parent Company (Details) - Schedule of Condensed Parent Company Balance Sheets (Parentheticals) - Parent [Member] - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Condensed Balance Sheet Statements, Captions [Line Items]
Ordinary shares, par value (in Dollars per share)	$ 0.00005	$ 0.00005
Ordinary shares shares authorized	225,000,000	225,000,000
Ordinary shares shares issued	225,000,000	225,000,000
Ordinary shares shares outstanding	225,000,000	225,000,000
Convertible Preferred shares par value (in Dollars per share)	$ 0.00005	$ 0.00005
Series A Preferred Stock [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Convertible Preferred shares, authorized	45,614,646	45,614,646
Convertible Preferred shares, issued	45,614,646	45,614,646
Convertible Preferred shares, outstanding	45,614,646	45,614,646
Limited Series A Preferred Shares [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Convertible Preferred shares, authorized	27,053,437	27,053,437
Convertible Preferred shares, issued	27,053,437	27,053,437
Convertible Preferred shares, outstanding	27,053,437	27,053,437
Series B Preferred Stock [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Convertible Preferred shares, authorized	121,000,531	121,000,531
Convertible Preferred shares, issued	121,000,531	121,000,531
Convertible Preferred shares, outstanding	121,000,531	121,000,531

Software and Equipment, Net (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Software and Equipment, Net [Abstract]

Schedule of Property, Software and Equipment, Net

Software and equipment, net, consisted of the following:

	December 31,			June 30,
	2022			2023
Cost
Vehicles	$	979		$	994
Office equipment and furniture		184			176
Electronic equipment		10,587			10,106
Computer software		16,523			15,716
Leasehold improvements		762			710
Others		733			697
Total		29,768			28,399
Less: accumulated depreciation		(11,277	)		(13,359	)
Property and equipment, net	$	18,491		$	15,040

Software and equipment, net, consisted of the following:

	December 31,
	2021			2022
Cost
Vehicles		1,094			979
Office equipment and furniture		201			184
Electronic equipment		10,277			10,587
Computer software ⁽ⁱ⁾		5,053			16,523
Leasehold improvements		825			762
Others		794			733
Total		18,244			29,768
Less: accumulated depreciation		(7,505	)		(11,277	)
Software and equipment, net	$	10,739			18,491

Segment Information (Details) - Schedule of Total Assets from Continuing Operations by Segments - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of total assets from continuing operations by segments [Abstract]
Segment assets
Automotive after-sales service	136,841	113,992	153,723
Insurance intermediation service	66,893	68,123	49,729
Others	20,285	9,853	1,943
Total segment assets from continuing operations	$ 224,019	$ 191,968	$ 205,395

Segment Information (Details) - Schedule of Operating Segments Based on Internal Management Report - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Automotive after-sales service [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	$ 98,813	$ 89,851	$ 199,294	$ 187,880	$ 154,238
Depreciation and amortization	(1,884)	(1,633)	(3,452)	(3,404)	(1,090)
Segment income (loss) before tax	6,332	8,466	(8,109)	15,891	12,864
Insurance intermediation service [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	47,710	29,346	67,640	56,766	84,161
Depreciation and amortization	(1,278)	(407)	(1,558)	(578)	(449)
Segment income (loss) before tax	(938)	(819)	(2,212)	(4,256)	(3,616)
Others [Member]
Segment Reporting Information [Line Items]
Revenues from external customers			15,479	4,589	526
Depreciation and amortization	(28)	(37)	(68)	(73)	(74)
Segment income (loss) before tax	(3,408)	(34)	(353)	(1,105)	(874)
Consolidated [Member]
Segment Reporting Information [Line Items]
Revenues from external customers			282,413	249,235	238,925
Depreciation and amortization	(3,190)	(2,077)	(5,078)	(4,055)	(1,613)
Segment income (loss) before tax	$ 1,986	$ 7,613	$ (10,674)	$ 10,530	$ 8,374

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Software and Equipment, Net (Details) - Schedule of Property, Software and Equipment, Net - USD ($)
$ in Thousands

Jun. 30, 2023

Dec. 31, 2022

Dec. 31, 2021

Cost

Property plant and equipment , gross

$ 28,399

$ 29,768

$ 18,244

Less: accumulated depreciation

(13,359)

(11,277)

(7,505)

Property and equipment, net

15,040

18,491

10,739

Vehicles [Member]

Cost

Property plant and equipment , gross

994

979

1,094

Office equipment and furniture [Member]

Cost

Property plant and equipment , gross

176

184

201

Electronic equipment [Member[

Cost

Property plant and equipment , gross

10,106

10,587

10,277

Computer software [Member]

Cost

Property plant and equipment , gross

15,716

16,523

^[1]

5,053

^[1]

Leasehold Improvements [Member]

Cost

Property plant and equipment , gross

710

762

825

Others [Member]

Cost

Property plant and equipment , gross

$ 697

$ 733

$ 794

[1]

In 2022, Hybrid Cloud Platform developed with the assistance of a third-party cloud service provider was partially substantially ready for use and transferred from other non-current assets. Cost of Hybrid Cloud Platform represents the purchase price of the platform and other expenditures incurred to bring the platform into its intended use. The application of the Hybrid Cloud Platform was to improve the IT development capability for internal-used software platforms which provide automotive after-sales services and insurance intermediation services to customers, and Software-As-A-Service (“SaaS”) products which are provided to business partners as technology services

Discontinued Operations (Details) - Schedule of Discontinued Operations, Net of Tax - Discontinued Operations [Member] - USD ($)
$ in Thousands

6 Months Ended

12 Months Ended

Jun. 30, 2023

Jun. 30, 2022

^[1]

Dec. 31, 2022

^[2]

Dec. 31, 2021

Dec. 31, 2020

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Interest income

$ 147

$ 142

$ 1,884

$ 3,280

Interest cost

(457)

(7,322)

(5,916)

Net interest loss

(315)

(5,438)

(2,636)

Operating expenses

Selling expenses

(22)

(235)

(535)

General and administrative expenses

(760)

(12,998)

(11,168)

Total operating expenses

(782)

(13,233)

(11,703)

Operating loss

(1,097)

(18,671)

(14,339)

Other income (expenses)

Financial expenses, net

(70)

(604)

(719)

Investment income/(loss)

(1,778)

Other income, net

174

878

553

Total other (expenses) income, net

104

280

(1,944)

Loss before income tax expense

(993)

(18,391)

(16,283)

Income tax expense

(1)

(9,291)

(114)

Loss from discontinued operations, net

(1,030)

(994)

(27,682)

(16,397)

Less: Net loss attributable to non-controlling interests

(19)

(1)

Net loss from discontinued operations attributable to SunCar’s ordinary shareholders

$ (1,031)

$ (994)

$ (27,663)

$ (16,396)

[1]	The result of discontinued operations included those of discontinued operations from January 1, 2022 to March 1, 2022.
[2]	The result of discontinued operations included those of discontinued operations from January 1, 2022 to March 1, 2022.

Prepaid Expenses and Other Current Assets

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Prepaid Expenses and Other Current Assets [Abstract]

PREPAID EXPENSES AND OTHER CURRENT ASSETS

6. PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepayments and other current assets consisted of the following:

	December 31,			June 30,
	2022			2023
Advances to suppliers	$	4,537		$	40,689
Value-added tax (“VAT”) prepayment		1,954			2,276
Advance for deferred cost of Business Combination ⁽¹⁾		1,325			-
Deferred IPO costs		868			-
Other receivables from third parties		763			804
Prepaid expenses and other current assets		9,447			43,769
Allowance for doubtful accounts		(177	)		(168	)
Prepaid expenses and other current assets, net	$	9,270		$	43,601

⁽¹⁾

The advance for deferred cost of Business Combination represented the advances to Goldenbridge Acquisition Limited (“GBRG”) in form of non-interest-bearing loans, pursuant to the agreement and plan of merger, dated as of May 23, 2022, which provides for a Business Combination between GBRG and Auto Services Group Limited. Such advance was provided to GBRG to extend the period of time for GBRG to consummate the Business Combination.

As of May 17, 2023, the Closing Date, the advance for deferred cost of Business Combination was of $1,499, and was expected to be converted into ordinary shares of the Company at a price of US$10 per share.

The Group assessed the collectability of other current assets, and recorded nil and nil provision for doubtful recoveries of advances to suppliers that the collectability is considered remote for the six months ended June 30, 2022 and 2023, respectively.

PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET

Prepayments and other current assets, net consisted of the following:

	December 31,
	2021			2022

Advances to suppliers	$	1,699		$	4,537
Value-added tax (“VAT”) receivables		3,246			1,954
Advance for deferred cost of Business Combination⁽¹⁾		-			1,325
Deferred IPO costs		-			868
Others		986			763
Prepaid expenses and other current assets		5,931			9,447
Allowance for doubtful accounts		(191	)		(177	)
Prepaid expenses and other current assets, net	$	5,740		$	9,270

(1)

The Group assessed the collectability of other current assets, and recorded $39, $148 and nil provision for doubtful recoveries of advances to suppliers that the collectability is considered remote for the years ended December 31, 2020, 2021 and 2022, respectively.

The movement of allowance for doubtful accounts for the years ended December 30, 2020, 2021 and 2022 were as following:

	For the years ended December 31,
	2020		2021		2022
Balance at the beginning of the year	$	-	$	41	$	191
Additions		39		148		-
Foreign currency translation		2		2		(14	)
Balance at the end of the year	$	41	$	191	$	177

Accounts Receivable, Net (Details) - Schedule of Allowance for Doubtful Accounts - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Allowance of Doubtful Accounts [Abstract]
Balance at the beginning of the period	$ 25,348
Adoption of ASC326	637
Additions		245
Reversal	(3,694)
Foreign currency translation	(1,101)	(8)	(633)
Balance at the end of the period	$ 21,190	$ 237	$ 25,348

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net profit from continuing operations	$ 1,136	$ 6,723	$ (10,905)	$ 9,592	$ 6,622
Net loss from discontinued operations		(1,031)	(994)	(27,682)	(16,397)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Provision for doubtful accounts	(3,694)	245	25,981	148	39
Depreciation and amortization	2,840	2,077	5,078	4,055	1,613
Amortization of right-of-use assets	350		619
Share-based compensation of subsidiary	776	830	1,599	1,668	520
Loss on disposal of software and equipment		2		27	29
Change in deferred taxes	(207)	(249)	(1,951)	(1,124)	(2,333)
Fair value income from Short-term investments	(323)
Changes in operating assets and liabilities:
Accounts receivable, net	10,353	(13,894)	(32,640)	(35,071)	1,531
Prepaid expenses and other current asset, net	(38,757)	(1,084)	(3,850)	3,181	(4,065)
Accounts payable	7,647	(17,696)	(5,019)	13,608	53
Deferred revenue			1,858	813	(2,419)
Contract liabilities	497	548
Accrued expenses and other current liabilities	(787)	916	2,548	(14,976)	8,356
Tax payable	(202)	(86)	(280)	(1,026)	1,582
Operating lease liabilities	(321)		(615)
Amount due to related parties	167	1,185	1,485
Net cash used in operating activities of continuing operations	(20,525)	(20,483)	(16,092)	(19,105)	11,528
Net cash used in operating activities of discontinued operations		(54)	(52)	(6,462)	7,104
Total net cash used in operating activities	(20,525)	(20,537)	(16,144)	(25,567)	18,632
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of software and equipment	(577)	(1,082)	(4,351)	(1,284)	(9,488)
Purchase short-term investment		(105)		(9,839)	(10,084)
Purchase of long-term investment					(297)
Proceeds from sale of short-term investment	4,784		149
Purchase of other non-current assets	(3,310)		(1,200)	(8,968)	(9,168)
Net cash (used in) provided by investing activities of continuing operations	897	(1,187)	(5,402)	(20,091)	(29,037)
Net cash used in investing activities of discontinued operations		(537)	(517)	(591)	(126)
Total net cash (used in) provided by investing activities	897	(1,724)	(5,919)	(20,682)	(29,163)
CASH FLOWS FORM FINANCING ACTIVITIES
Proceeds from short-term bank loans	68,271	70,564	122,249	76,812	77,722
Repayments of short-term bank loans	(53,418)	(43,942)	(111,103)	(70,193)	(60,036)
Contribution from non-controlling shareholders					33,097
Repurchase of non-controlling interests		(496)	(510)	(1,184)	(1,090)
Dividend paid to non-controlling shareholders				(6,620)
Proceeds from Private Placement	21,737
Net cash paid on reverse recapitalization	(482)
Payment for the offering cost	(623)
Net cash provided by financing activities of continuing operations	35,485	26,126	10,636	(1,185)	49,693
Net cash provided by financing activities of discontinued operations				1,119	(5,816)
Total net cash provided by financing activities	35,485	26,126	10,636	(66)	43,877
Effect of exchange rate changes	(1,661)	(1,463)	(2,573)	1,827	3,098
Net change in cash and restricted cash	14,196	2,402	(14,000)	(44,488)	36,444
Cash and restricted cash, beginning of the period	23,917	37,917	37,917	82,405	45,961
Cash and restricted cash, end of the period	38,113	39,749	23,917	37,917	82,405
Less: cash of discontinued operations at end of the period				570	2,856
Cash and restricted cash at end of the period for continuing operations	38,113	39,749	23,917	37,347	79,549
Reconciliation of cash and restricted cash to the consolidated balance sheets:
Cash	35,460	36,958	21,200	34,517	76,883
Restricted cash	2,653	2,791	2,717	2,830	2,666
Total cash and restricted cash	38,113	39,749	23,917	37,347	79,549
Supplemental disclosures of cash flow information:
Income tax paid	1,128	1,108	2,459	3,472	2,309
Interest expense paid	1,704	2,271	3,780	3,087	2,485
Supplemental disclosures of non-cash activities:
Disposal of Shengda Group		24,042	23,222
Decrease of accrued expenses and other current liabilities due to vest of restricted shares			311	311
Purchase of software and equipment by using accrued expenses and other current liabilities					1,720
Obtaining right-of-use assets in exchange for operating lease liabilities and prepaid expenses			972
Software and equipment transferred from other non-current assets			12,150
Previously Reported
CASH FLOWS FORM FINANCING ACTIVITIES
Cash and restricted cash, beginning of the period	$ 23,917	$ 37,347	37,347
Cash and restricted cash, end of the period			$ 23,917	$ 37,347

Commitments and Contingencies (Details) - Schedule of Non-Cancellable Operating Lease - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Commitments and Contingencies (Details) - Schedule of Non-Cancellable Operating Lease [Line Items]
Lease commitment	$ 1,517	$ 348
Within 1 year [Member]
Commitments and Contingencies (Details) - Schedule of Non-Cancellable Operating Lease [Line Items]
Lease commitment	$ 694	$ 348

Leases

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Leases [Abstract]

LEASES

10. LEASES

The Group has entered into operating lease agreements for certain offices, which are substantially located in PRC. The Group determines if an arrangement is a lease, or contains a lease, at inception and record the leases in the consolidated financial statements upon lease commencement, which is the date when the lessor makes the underlying asset available for use by the lessee.

The balances for the operating leases where the Group is the lessee are presented as follows within the unaudited condensed consolidated balance sheets:

	December 31,		June 30,
	2022		2023
Operating lease right-of-use assets, net	$	344	$	1,514

Lease liabilities - current		315		624
Lease liabilities – non-current		-		796
Total operating lease liabilities	$	315		1,420

The components of lease expenses were as follows:

	For the Six Months Ended June 30,
	2022		2023
Lease cost
Amortization of right-of-use assets	$	619	$	350
Interest of operating lease liabilities		29		9
Balance at the end of the period	$	648	$	359

Other information related to leases where the Group is the lessee is as follows:

	December 31,			June 30,
	2022			2023
Weighted-average remaining lease term	$	0.61		$	0.64
Weighted-average discount rate		4.30	%		4.30	%

As of June 30, 2023, the following is a schedule of future minimum payments under the Group’s operating leases:

For the year ended June 30,	Operating Leases
Remainder of 2023	$	319
2024		687
2025		478
2026		2
Total lease payments		1,486
Less: imputed interest		(66	)
Total	$	1,420

11.

LEASES

The balances for the operating leases where the Group is the lessee are presented as follows within the consolidated balance sheets:

	December 31,
	2022

Operating lease right-of-use assets, net	$	344

Lease liabilities - current	$	315
Lease liabilities – non-current		-
Total operating lease liabilities	$	315

The components of lease expenses were as follows:

	Year ended December 31,
	2022
Lease cost
Amortization of right-of-use assets	$	619
Interest of operating lease liabilities		29
Total Lease cost	$	648

Other information related to leases where the Group is the lessee is as follows:

	December 31,
	2022

Weighted-average remaining lease term		0.61
Weighted-average discount rate		4.30	%

As of December 31, 2022, the following is a schedule of future minimum payments under the Group’s operating leases:

For the year ended December 31,	Operating Leases
2023	$	348
Total lease payments		348
Less: imputed interest		(33	)
Total	$	315

Concentration Risk (Details) - Schedule of Group’s Total Purchase

6 Months Ended

12 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Supplier A [Member]

Percentage of the Group’s total purchase

Total purchase percentage

17.00%

12.00%

^[1]

10.00%

Supplier B [Member]

Percentage of the Group’s total purchase

Total purchase percentage

13.00%

23.00%

24.00%

12.00%

^[1]

Supplier C [Member]

Percentage of the Group’s total purchase

Total purchase percentage

^[2]

18.00%

19.00%

11.00%

^[1]

Supplier D [Member]

Percentage of the Group’s total purchase

Total purchase percentage

16.00%

10.00%

^[1]

[1]	represent percentage less than 10%
[2]	represent percentage less than 10%

Summary of Significant Accounting Policies (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Accounting Policies [Abstract]

Schedule of Consolidated Financial Statements

The following table outlines the currency exchange rates that were used in creating the consolidated financial statements:

	December 31, 2022		June 30, 2023
Balance sheet items, except for equity accounts		6.8972		7.2513

	For the Six Months Ended June 30,
	2022		2023
Items in the statements of income and comprehensive income, and statements of cash flows		6.4835		6.9283

The Group’s revenue are disaggregated by timing of revenue recognition as follows:

	For the years ended December 31,
	2020		2021		2022
Revenue recognized at a point of time	$	238,399	$	244,646	$	266,934
Revenue recognized over time		526		4,589		15,479
Revenues	$	238,925	$	249,235	$	282,413

	As of December 31,
	2021		2022
Balance sheet items, except for equity accounts		6.3726		6.8972

	For the Years Ended December 31,
	2020		2021		2022
Items in the statements of operations and comprehensive loss, and statements of cash flows		6.9042		6.4508		6.7290

Schedule of the Estimated Useful Lives of the Assets

Cost represents the purchase price of the asset and other costs incurred to bring the asset into its intended use. Estimated useful lives and residual value are as follows:

Category	Estimated useful lives	Residual value
Vehicles	3-5 years	5%
Office equipment and furniture	3-5 years	5%
Electronic equipment	3 years	5%
Computer software	5, 10 years	nil
Leasehold improvements	Over the shorter of lease term or the estimated useful lives of the assets	nil
Others	3-10 years	5%

Concentration Risk (Details) - Schedule of Group’s Total Purchase

6 Months Ended

12 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Supplier A [Member]

Concentration Risk (Details) - Schedule of Group’s Total Purchase [Line Items]

Total purchase percentage

17.00%

12.00%

^[1]

10.00%

Supplier B [Member]

Concentration Risk (Details) - Schedule of Group’s Total Purchase [Line Items]

Total purchase percentage

13.00%

23.00%

24.00%

12.00%

^[1]

Supplier C [Member]

Concentration Risk (Details) - Schedule of Group’s Total Purchase [Line Items]

Total purchase percentage

^[2]

18.00%

19.00%

11.00%

^[1]

[1]	represent percentage less than 10%
[2]	represent percentage less than 10%

Segment Information

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Segment Information [Abstract]

SEGMENT INFORMATION

4. SEGMENT INFORMATION

The CODM reviews financial information of operating segments based on internal management report when making decisions about allocating resources and assessing the performance of the Group. As a result of the assessment made by CODM, the Group has two reportable segments for continuing operations, including automotive after-sales service business and insurance intermediation service business. The Group’s CODM evaluates performance based on the operating segment’s revenue and their operating results. The revenue and operating results by segments were as follows:

	For the Six Months Ended June 30, 2023
	Automotive after-sales service			Insurance intermediation service			Others			Consolidated
Revenues from external customers	$	98,813		$	47,710		$	12,855		$	159,378
Depreciation and amortization	$	(1,884	)	$	(1,278	)	$	(28	)	$	(3,190	)
Segment income (loss) before tax	$	6,332		$	(938	)	$	(3,408	)	$	1,986

	For the Six Months Ended June 30, 2022
	Automotive after-sales service			Insurance intermediation service			Others			Consolidated
Revenues from external customers	$	89,851		$	29,346		$	5,531		$	124,728
Depreciation and amortization	$	(1,633	)	$	(407	)	$	(37	)	$	(2,077	)
Segment income (loss) before tax	$	8,466		$	(819	)	$	(34	)	$	7,613

The total assets from continuing operations by segments as of December 31, 2022 and June 30, 2023 were as follows:

	December 31,		June 30,
	2022		2023
Segment assets
Automotive after-sales service	$	113,992	$	136,841
Insurance intermediation service		68,123		66,893
Others		9,853		20,285
Total segment assets from continuing operations	$	191,968	$	224,019

As the reportable segment for financial leasing qualified for discontinued operation, it is not required to disclose the information in segment reporting required by ASC 280.

4.	SEGMENT INFORMATION

	Year ended December 31, 2020
	Automotive after-sales service			Insurance intermediation service			Others			Consolidated
Revenues from external customers	$	154,238		$	84,161		$	526		$	238,925
Depreciation and amortization	$	(1,090	)	$	(449	)	$	(74	)	$	(1,613	)
Segment income (loss) before tax	$	12,864		$	(3,616	)	$	(874	)	$	8,374

	Year ended December 31, 2021
	Automotive after-sales service			Insurance intermediation service			Others			Consolidated
Revenues from external customers	$	187,880		$	56,766		$	4,589		$	249,235
Depreciation and amortization	$	(3,404	)	$	(578	)	$	(73	)	$	(4,055	)
Segment income (loss) before tax	$	15,891		$	(4,256	)	$	(1,105	)	$	10,530

	Year ended December 31, 2022
	Automotive after-sales service			Insurance intermediation service			Others			Consolidated
Revenues from external customers	$	199,294		$	67,640		$	15,479		$	282,413
Depreciation and amortization	$	(3,452	)	$	(1,558	)	$	(68	)	$	(5,078	)
Segment income (loss) before tax	$	(8,109	)	$	(2,212	)	$	(353	)	$	(10,674	)

The total assets from continuing operations by segments as of December 31, 2021 and 2022 were as follows:

	December 31,
	2021		2022
Segment assets
Automotive after-sales service	$	153,723	$	113,992
Insurance intermediation service		49,729		68,123
Others		1,943		9,853
Total segment assets from continuing operations	$	205,395	$	191,968

As the reportable segment for financial leasing qualified for discontinued operation, it is not required to disclose the information in segment reporting required by ASC 280.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Prepaid Expenses and Other Current Assets, Net (Details) - Schedule of Prepayments and Other Current Assets, Net - USD ($)
$ in Thousands

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Dec. 31, 2021

Schedule Of Prepayments And Other Current Assets Net Abstract

Advances to suppliers

$ 40,689

$ 4,537

$ 1,699

Value-added tax (“VAT”) receivables

2,276

1,954

3,246

Advance for deferred cost of Business Combination

^[1]

1,325

^[1],[2]

^[2]

Deferred IPO costs

868

Others

763

986

Prepaid expenses and other current assets

43,769

9,447

5,931

Allowance for doubtful accounts

(168)

(177)

(191)

Prepaid expenses and other current assets, net

$ 43,601

$ 9,270

$ 5,740

[1]

[2]

Prepaid Expenses and Other Current Assets (Details) - Schedule of Prepayments and Other Current Assets - USD ($)
$ in Thousands

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Dec. 31, 2021

Schedule of Prepayments and Other Current Assets [Abstract]

Advances to suppliers

$ 40,689

$ 4,537

$ 1,699

Value-added tax (“VAT”) prepayment

2,276

1,954

3,246

Advance for deferred cost of Business Combination

^[1]

1,325

^[1],[2]

^[2]

Deferred IPO costs

868

Other receivables from third parties

804

763

Prepaid expenses and other current assets

43,769

9,447

5,931

Allowance for doubtful accounts

(168)

(177)

(191)

Prepaid expenses and other current assets, net

$ 43,601

$ 9,270

$ 5,740

[1]

[2]

Condensed Financial Information of the Parent Company (Details) - Schedule of Condensed Parent Company Balance Sheets - Parent [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Investment in subsidiaries
Total assets
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deficit in investment in subsidiaries	5,284	21,436
Total liabilities	5,284	21,436
Shareholders’ deficit
Ordinary shares (par value of US0.00005 per share; 225,000,000 shares authorized as of December 31, 2021 and 2022; 225,000,000 shares issued and outstanding as of December 31, 2021 and 2022, respectively)	11	11
Convertible Preferred shares (par value US0.00005; 45,614,646 Series A preferred shares, 27,053,437 limited Series A preferred shares and 121,000,531 Series B preferred shares authorized, issued and outstanding as of December 31, 2021 and 2022, respectively)	10	10
Additional paid in capital	95,751	75,091
Accumulated deficit	(101,056)	(96,548)
Total shareholders’ deficit	(5,284)	(21,436)
TOTAL LIABILITIES AND DEFICIT

Unaudited Condensed Consolidated Statements of Changes in Equity ¥ in Thousands, $ in Thousands	Class A Ordinary Shares USD ($) shares	Class B Ordinary Shares USD ($) shares	Ordinary Shares CNY (¥) shares	Additional paid-in capital USD ($)	Additional paid-in capital CNY (¥)	Accumulated deficit USD ($)	Accumulated deficit CNY (¥)	Accumulated other comprehensive loss USD ($)	Accumulated other comprehensive loss CNY (¥)	Total Company’s shareholders’ equity/ (deficit) USD ($)	Total Company’s shareholders’ equity/ (deficit) CNY (¥)	Non-controlling interests USD ($)	Non-controlling interests CNY (¥)	Convertible Preferred Shares CNY (¥) shares	USD ($)	CNY (¥)
Balance at Dec. 31, 2019 \| ¥			¥ 11		¥ 61,919		¥ (56,197)		¥ (2,958)		¥ 2,785		¥ 22,739	¥ 10		¥ 25,524
Balance (in Shares) at Dec. 31, 2019 \| shares			225,000,000											193,668,615
Contribution from non-controlling shareholders \| ¥					14,432						14,432		18,665			33,097
Repurchase of non-controlling interests \| ¥					(867)						(867)		(223)			(1,090)
Net profit							(12,993)				(12,993)		3,218		$ (9,775)	(9,775)
Share-based compensation of subsidiary (Note 12) \| ¥													520			520
Foreign currency translation \| ¥									(378)		(378)		1,573			1,195
Balance at Dec. 31, 2020 \| ¥			¥ 11		75,484		(69,190)		(3,336)		2,979		46,492	¥ 10		49,471
Balance (in Shares) at Dec. 31, 2020 \| shares			225,000,000											193,668,615
Repurchase of non-controlling interests \| ¥					(236)						(236)		(948)			(1,184)
Dividend paid to noncontrolling shareholders \| ¥													(6,620)			(6,620)
Net profit							(23,721)				(23,721)		5,631		(18,090)	(18,090)
Share-based compensation of subsidiary (Note 12) \| ¥					(157)						(157)		2,136			1,979
Foreign currency translation \| ¥									(301)		(301)		1,208			907
Balance at Dec. 31, 2021	$ 3	$ 5	¥ 11	$ 75,104	75,091	$ (92,911)	(92,911)	$ (3,637)	(3,637)	$ (21,436)	(21,436)	$ 47,899	47,899	¥ 10	26,463	26,463
Balance (in Shares) at Dec. 31, 2021 \| shares	30,371,435	49,628,565	225,000,000											193,668,615
Repurchase of non-controlling interests				(274)						(274)		(233)			(507)
Net profit						2,125				2,125		3,567			5,692
Disposal Shengda Group (Note 3)				21,874						21,874		2,168			24,042
Share-based compensation of subsidiary (Note 12)												830			830
Foreign currency translation								355		355		(2,767)			2,412
Balance at Jun. 30, 2022	$ 3	$ 5		96,704		(90,786)		(3,282)		2,644		51,464			54,108
Balance (in Shares) at Jun. 30, 2022 \| shares	30,371,435	49,628,565
Balance at Dec. 31, 2021	$ 3	$ 5	¥ 11	75,104	75,091	(92,911)	(92,911)	(3,637)	(3,637)	(21,436)	(21,436)	47,899	47,899	¥ 10	26,463	26,463
Balance (in Shares) at Dec. 31, 2021 \| shares	30,371,435	49,628,565	225,000,000											193,668,615
Repurchase of non-controlling interests \| ¥					(276)						(276)		(234)			(510)
Net profit							(6,669)				(6,669)		(5,230)		(11,899)	(11,899)
Disposal Shengda Group (Note 3) \| ¥					21,059						21,059		2,163			23,222
Share-based compensation of subsidiary (Note 12) \| ¥					(123)						(123)		2,033			1,910
Foreign currency translation \| ¥									2,161		2,161		(4,571)			(2,410)
Balance at Dec. 31, 2022	$ 3	$ 5	¥ 11	95,764	¥ 95,751	(99,580)	¥ (99,580)	(1,476)	¥ (1,476)	(5,284)	¥ (5,284)	42,060	¥ 42,060	¥ 10	36,776	¥ 36,776
Balance (in Shares) at Dec. 31, 2022 \| shares	30,371,435	49,628,565	225,000,000											193,668,615
Adoption of ASC326						(241)				(241)		(266)			(507)
Reverse recapitalization				(2,506)						(2,506)					(2,506)
Reverse recapitalization (in Shares) \| shares	2,743,010
Conversion of Public Rights
Conversion of Public Rights (in Shares) \| shares	610,000
Equity financing through Private Placement (Note 11)	$ 1			21,736						21,737					21,737
Equity financing through Private Placement (Note 11) (in Shares) \| shares	2,173,657
Shares issued to Trans Asia (Note 11)
Shares issued to Trans Asia (Note 11) (in Shares) \| shares	160,000
Offering costs				(910)						(910)					(910)
Net profit						(3,379)				(3,379)		4,515			1,136
Share-based compensation of subsidiary (Note 12)												776			776
Foreign currency translation								(167)		(167)		(2,447)			(2,447)
Balance at Jun. 30, 2023	$ 4	$ 5		$ 114,084		$ (103,200)		$ (1,643)		$ 9,250		$ 44,638			$ 53,888
Balance (in Shares) at Jun. 30, 2023 \| shares	36,058,102	49,628,565

Net Income (Loss) Per Share (Details) - shares	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Convertible Preferred Stock [Member]
Net Income (Loss) Per Share (Details) [Line Items]
Convertible preferred shares	193,668,614	193,668,614	193,668,614

Taxation (Details) - Schedule of Net Operating Loss Carryforwards - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Net Operating Loss Carryforwards [Abstract]
2023	$ 35,848	$ 676
2024		2,303
2025		5,534
2026		5,757
2027		17,996
Total		$ 32,266

Commitments and Contingencies

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

17. COMMITMENTS AND CONTINGENCIES

Lease Commitments

The total future minimum lease payments under the non-cancellable operating lease with respect to the office as of June 30, 2023 are payable as follows:

	Lease Commitment
Within 1 year	$	694
1-3 years		823
Total	$	1,517

Contingencies

In the ordinary course of business, the Group may be subject to legal proceedings regarding contractual and employment relationships and a variety of other matters. The Group records contingent liabilities resulting from such claims, when a loss is assessed to be probable and the amount of the loss is reasonably estimable. In the opinion of management, there were no pending or threatened claims and litigation as of June 30, 2023 and through the issuance date of these consolidated financial statements.

Capital commitments

The Group’s capital commitments primarily relate to commitments on purchase of private cloud. Total capital commitment contracted but not yet reflected in the consolidated financial statements as of June 30, 2023 was $8,018, which was expected to be paid within 1 year.

20.

COMMITMENTS AND CONTINGENCIES

Lease Commitments

The total future minimum lease payments under the non-cancellable operating lease with respect to the office as of December 31, 2022 are payable as follows:

	Lease Commitment
Within 1 year		348
Total		348

Contingencies

In the ordinary course of business, the Group may be subject to legal proceedings regarding contractual and employment relationships and a variety of other matters. The Group records contingent liabilities resulting from such claims, when a loss is assessed to be probable and the amount of the loss is reasonably estimable. In the opinion of management, there were no pending or threatened claims and litigation as of December 31,2022 and through the issuance date of these consolidated financial statements.

Capital commitments

The Group’s capital commitments primarily relate to commitments on purchase of private cloud. Total capital commitment contracted but not yet reflected in the consolidated financial statements as of December 31, 2022 was $13,022, which was expected to be paid within 1 year.

Taxation (Details) - Schedule of Changes in Valuation Allowance - USD ($) $ in Thousands			12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Schedule of Changes in Valuation Allowance [Abstract]
Balance at beginning of the period	$ 7,577	$ 2,314	$ 2,314	$ 2,030
Additions	1,268	5,436	5,436	233
Foreign currency translation adjustments	(370)	(173)	(173)	51
Balance at end of the period	$ 8,475	$ 7,577	$ 7,577	$ 2,314

Borrowings (Tables)

12 Months Ended

Dec. 31, 2022

Borrowings [Abstract]

Schedule of Short-Term Borrowings

As of December 31, 2021 and 2022, the bank borrowings were for working capital and capital expenditure purposes. Short-term borrowings consisted of the following:

	Annual Interest				December 31,
	Rate			Maturity	2021		2022
Huaxia Bank Shanghai Branch Sales Department		2-4.75	%	August to September, 2023	$	15,692	$	11,567
China Merchants Bank Shanghai Damuqiao Branch		4.8-5.3	%	February to May, 2023		7,783		9,961
China Minsheng Bank Shanghai Jiujiang Branch		3.70-3.85	%	January to July, 2023		7,736		7,249
Bank of Communications Shanghai Putuo Branch(i)		4.79	%	January, 2023		7,846		7,249
Putuo Branch of Shanghai Pudong Development Bank(i)		4.60	%	April, 2023		2,354		4,350
Bank of Dalian Shanghai Jing’an Sub-branch(i)		4.31-5.12	%	March to May, 2023		4,708		4,350
Bank of Beijing Shanghai Zhangjiang Sub-branch⁽ⁱ⁾		4.80	%	December, 2023		3,138		4,350
China Construction Bank Shanghai Jing’an Branch(i)		3.70	%	June, 2023		1,569		4,350
Bank of China Shanghai Gonghexin Road Sub-branch(ii)		3.65-4.22	%	March to November, 2023		3,923		4,277
Bank of Nanjing North Bund Branch(i)		5.50	%	January, 2023		-		3,625
Huangpu Branch of Bank of Shanghai(ii)		4.70	%	February, 2023		2,354		2,900
Industry bank Shanghai Zhijiang Branch(i)		4.65-5.05	%	February, 2023		-		2,900
ICBC Shanghai Zhang Jiang high tech Park Branch(i)		3.30	%	September, 2023		-		2,610
Xiamen International Bank Shanghai Jinqiao Branch(i)		5.20	%	June, 2023		-		1,450
China CITIC Bank Shanghai Pudian Road Branch		4.65	%	April, 2023		-		1,435
Bank of Beijing Shanghai Branch		4.31	%	March, 2023		785		1,160
Shanghai Rural Commercial Bank Minhang Branch (ii)		5.20	%	June, 2023		942		870
Shanghai Rural Commercial Bank Bund Branch(i)		4.80	%	February to March, 2022		5,492		-
Fubon Huayi Bank Shanghai Jing’an Branch		5.60	%	January, 2022		785		-
Zheshang Bank Shanghai Branch Sales Department(i)		6.00	%	October, 2022		3,138		-
ICBC Xinzha Road Branch		3.85	%	March, 2022		785		-
Total					$	69,030	$	74,653

(i) The bank borrowings were guaranteed by SUNCAR Online, one of subsidiaries of SunCar.

(ii) The bank borrowings were guaranteed by Shengda Automobile, one of subsidiaries of SunCar.

Organization and Principal Activities

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Organization and Principal Activities [Abstract]

ORGANIZATION AND PRINCIPAL ACTIVITIES

1. ORGANIZATION AND PRINCIPAL ACTIVITIES

Auto Services Group Limited (“SunCar”) was incorporated under the laws of the British Virgin Islands (“BVI”) on September 19, 2012 and continued in the Cayman Islands in accordance with applicable laws.

On May 23, 2022, SunCar entered into the Agreement and Plan of Merger (“Merger Agreement”) with Goldenbridge Acquisition Limited (“Goldenbridge”), SunCar Technology Group Inc. (“SunCar Tchnology”, or the “Company”), and SunCar Technology Global Inc (the “Merger Sub”), a Cayman Islands exempted company and wholly owned subsidiary of SunCar Technology.

Pursuant to the Merger Agreement, at the closing of the transactions contemplated by the Merger Agreement (the “Closing”), (i) Goldenbridge was merged with and into SunCar Technology, the separate corporate existence of Goldenbridge ceasing and SunCar Technology continuing as the surviving corporation; (ii) the Merger Sub was merged with and into SunCar, the Merger Sub ceasing and SunCar continuing as the surviving company in the acquisition.

The Company, through its wholly-owned subsidiaries (collectively, the “Group”) primarily engages in providing automotive after-sales service, insurance intermediation service and technology service in the People’s Republic of China (“PRC” or “China”).

Reverse recapitalization

On May 17, 2023 (the “Closing Date”), Goldenbridge and SunCar Technology consummated the closing of the transaction of Goldenbridge and SunCar Technology, following the approval at a Special Meeting of the shareholders on April 14, 2023. Following the consummation of the transaction, Goldenbridge as a wholly-owned subsidiary of SunCar Technology and the outstanding shares of Goldenbridge being converted into the right to receive shares of SunCar Technology, the combined company will retain the SunCar Technology name.

SunCar was determined to be the accounting acquirer given it effectively controlled the combined entity after the transaction. The transaction is not a business combination because Goldenbridge was not a business. The transaction is accounted for as a reverse recapitalization, which is equivalent to the issuance of shares by SunCar for the net monetary assets of the Company, accompanied by a recapitalization. SunCar is determined as the accounting acquirer and the historical financial statements of SunCar became the Company’s historical financial statements, with retrospective adjustments to give effect of the reverse recapitalization. All of the Ordinary Shares and Convertible Preferred Shares of SunCar that were issued and outstanding immediately prior to the mergers were cancelled and converted into an aggregate of 30,371,435 Class A Ordinary Shares and 49,628,565 Class B Ordinary Shares, which has been restated retrospectively to reflect the equity structure of the Company. Net income per share is retrospectively restated using the historical weighted-average number of ordinary shares outstanding multiplied by the exchange ratio.

The par value of ordinary shares changed from $0.00005 to $0.0001, the difference of $3 was adjusted retrospectively as in addition paid-in capital as of December 31, 2022. The unaudited condensed consolidated statements of changes in shareholders’ equity for the six months ended June 30, 2022 and 2023 were also adjusted retrospectively to reflect these changes. The weighted average number of ordinary shares outstanding used in computing net income per ordinary share - basic and diluted was adjusted retrospectively from 418,668,614 to 80,000,000 for the six months ended June 30, 2022.

The net income per share before and after the retrospective adjustments are as follows.

	For the Six Months Ended June 30, 2022
	Before adjustment		After adjustment
Net income from continuing operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
—Basic and diluted	$	0.01	$	0.04

Net loss from discontinued operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
—Basic and diluted	$	-	$	(0.01	)

Net income attributable to SunCar Technology’s ordinary shareholders per ordinary share
—Basic and diluted	$	0.01	$	0.03

Disposal of Shengda Automobile Service Group Co. Limited (“Shengda Group”)

On March 1, 2022, the Group transferred the total equity of one of its subsidiaries, Shengda Group, to a related party at a nominal consideration of RMB1, for the purpose of focusing on providing automotive after-sales service and insurance intermediation service (See Note 3 Discontinued Operations). As of June 30, 2022, the disposal of Shengda Group was completed.

1.	ORGANIZATION AND PRINCIPAL ACTIVITIES

AUTO SERVICES GROUP LIMITED (the “Company”, or “SunCar”), through its wholly-owned subsidiaries (collectively, the “Group”) primarily engages in providing automotive after-sales service, insurance intermediation service and technology service in the People’s Republic of China (“PRC” or “China”).

SunCar was incorporated under the laws of the British Virgin Islands (“BVI”) on September 19, 2012 and continued in the Cayman Islands in accordance with applicable laws, and ultimately controlled by Mr. Ye Zaichang, SunCar’s Chief Executive Officer.

Sun Car Online Insurance Agency Co., Ltd. (“SUNCAR Online”) was incorporated under the laws of PRC on December 5, 2007, and along with its subsidiaries, are the Group’s main operating entities in China.

Prior to March 2022, the Group also engaged in the business of financial leasing through its subsidiaries, Shengda Automobile Service Group Co. Limited (“Shengda Group”). During the year ended December 31, 2021, the Group reached a resolution to dispose Shengda Group. On March 1, 2022, the Group transferred the total equity of Shengda Group, to a related party at a nominal consideration of RMB1, for the purpose of focusing on providing automotive after-sales service and insurance intermediation service (See Note 3 Discontinued Operations). As of December 31, 2022, the disposal of Shengda Group was completed.

As of December 31, 2022, SunCar’s major subsidiaries are as follows:

Name	Date of Incorporation	Place of Incorporation	Percentage of Effective Ownership			Principal Activities
Shanghai Xuanbei Automobile Service Co., Limited (“Shanghai Xuanbei”)	April 26, 2018	PRC		100.00	%	Automotive after-sales service
Shanghai Shengshi Dalian Automobile Service Co., Limited (“Shengda Automobile”)	June 8, 2013	PRC		84.89	%	Automotive after-sales service
Sun Car Online Insurance Agency Co., Ltd. (“SUNCAR Online”)	December 5, 2007	PRC		56.51	%	Insurance intermediation service
Haiyan Trading (Shanghai) Co., Limited (“Haiyan”)	November 22, 2012	PRC		100.00	%	Holding company
Shanghai Feiyou Trading Co., Limited (“Shanghai Feiyou”)	June 11, 2009	PRC		100.00	%	Technology services

Prepaid Expenses and Other Current Assets (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Prepaid Expenses and Other Current Assets [Abstract]

Schedule of prepayments and other current assets, net

Prepayments and other current assets consisted of the following:

	December 31,			June 30,
	2022			2023
Advances to suppliers	$	4,537		$	40,689
Value-added tax (“VAT”) prepayment		1,954			2,276
Advance for deferred cost of Business Combination ⁽¹⁾		1,325			-
Deferred IPO costs		868			-
Other receivables from third parties		763			804
Prepaid expenses and other current assets		9,447			43,769
Allowance for doubtful accounts		(177	)		(168	)
Prepaid expenses and other current assets, net	$	9,270		$	43,601

⁽¹⁾

Prepayments and other current assets, net consisted of the following:

	December 31,
	2021			2022

Advances to suppliers	$	1,699		$	4,537
Value-added tax (“VAT”) receivables		3,246			1,954
Advance for deferred cost of Business Combination⁽¹⁾		-			1,325
Deferred IPO costs		-			868
Others		986			763
Prepaid expenses and other current assets		5,931			9,447
Allowance for doubtful accounts		(191	)		(177	)
Prepaid expenses and other current assets, net	$	5,740		$	9,270

(1)

Schedule of Allowance for Doubtful Accounts

The movement of allowance for doubtful accounts for the years ended December 30, 2020, 2021 and 2022 were as following:

	For the years ended December 31,
	2020		2021		2022
Balance at the beginning of the year	$	-	$	41	$	191
Additions		39		148		-
Foreign currency translation		2		2		(14	)
Balance at the end of the year	$	41	$	191	$	177

Other Non-current Assets (Details) - Schedule of Other Non-Current Assets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Non-current Assets (Details) - Schedule of Other Non-Current Assets [Line Items]
Other non-current assets	$ 17,267	$ 14,423	$ 24,385
Private clouds in construction [Member]
Other Non-current Assets (Details) - Schedule of Other Non-Current Assets [Line Items]
Other non-current assets	16,881	13,629	21,893
IT systems in construction [Member]
Other Non-current Assets (Details) - Schedule of Other Non-Current Assets [Line Items]
Other non-current assets			1,634
Prepayment for equipment [Member]
Other Non-current Assets (Details) - Schedule of Other Non-Current Assets [Line Items]
Other non-current assets	$ 386	$ 794	$ 858

Leases (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Leases [Abstract]

Schedule of Operating Leases within the Unaudited Condensed Consolidated Balance Sheets

The balances for the operating leases where the Group is the lessee are presented as follows within the unaudited condensed consolidated balance sheets:

	December 31,		June 30,
	2022		2023
Operating lease right-of-use assets, net	$	344	$	1,514

Lease liabilities - current		315		624
Lease liabilities – non-current		-		796
Total operating lease liabilities	$	315		1,420

Schedule of Components of Lease Expenses

The components of lease expenses were as follows:

	For the Six Months Ended June 30,
	2022		2023
Lease cost
Amortization of right-of-use assets	$	619	$	350
Interest of operating lease liabilities		29		9
Balance at the end of the period	$	648	$	359

The components of lease expenses were as follows:

	Year ended December 31,
	2022
Lease cost
Amortization of right-of-use assets	$	619
Interest of operating lease liabilities		29
Total Lease cost	$	648

Schedule of Other Information Related to Leases

Other information related to leases where the Group is the lessee is as follows:

	December 31,			June 30,
	2022			2023
Weighted-average remaining lease term	$	0.61		$	0.64
Weighted-average discount rate		4.30	%		4.30	%

Schedule of Future Minimum Payments

As of June 30, 2023, the following is a schedule of future minimum payments under the Group’s operating leases:

For the year ended June 30,	Operating Leases
Remainder of 2023	$	319
2024		687
2025		478
2026		2
Total lease payments		1,486
Less: imputed interest		(66	)
Total	$	1,420

Schedule of Operating Leases

The balances for the operating leases where the Group is the lessee are presented as follows within the consolidated balance sheets:

	December 31,
	2022

Operating lease right-of-use assets, net	$	344

Lease liabilities - current	$	315
Lease liabilities – non-current		-
Total operating lease liabilities	$	315

Schedule of Other Information Related to Leases

Other information related to leases where the Group is the lessee is as follows:

	December 31,
	2022

Weighted-average remaining lease term		0.61
Weighted-average discount rate		4.30	%

Schedule of Future Minimum Payments

As of December 31, 2022, the following is a schedule of future minimum payments under the Group’s operating leases:

For the year ended December 31,	Operating Leases
2023	$	348
Total lease payments		348
Less: imputed interest		(33	)
Total	$	315

Accrued Expenses and Other Liabilities

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Accrued Expenses and Other Liabilities [Abstract]

ACCRUED EXPENSES AND OTHER LIABILITIES

9. ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities consisted of the following:

	December 31,		June 30,
	2022		2023
Payroll payable	$	1,884	$	1,755
Value added taxes and other taxes payable		993		973
Subscription amount received for unvested restricted shares		913		724
Technical service fee payable		438		-
Other accrued expenses		621		585
	$	4,849		4,037

10.

ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities consisted of the following:

	December 31,
	2021		2022

Payroll payable	$	1,046	$	1,884
Value added taxes and other taxes payable		144		993
Subscription amount received for unvested restricted shares		1,318		913
Technical service fee payable		-		438
Other accrued expenses		379		621
	$	2,887	$	4,849

Taxation (Details) $ in Thousands, ¥ in Millions, $ in Millions			12 Months Ended
	Jun. 30, 2023 USD ($)	Apr. 01, 2018 HKD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)	Dec. 31, 2020 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Taxation (Details) [Line Items]
Assessable profit percentage		8.25%
Accounting standards, percentage	25.00%		25.00%
Preferential tax rate	15.00%		15.00%
Income tax rate	15.00%			15.00%
Net operating loss carryforwards \| $	$ 35,848					$ 32,266	$ 15,830
Deferred tax assets, net operating loss carryforwards \| $	8,635					7,676	4,142
valuation allowances \| $	$ 8,475					$ 7,577	$ 2,314
Profits tax rate \| $		$ 2
Taxable income \| ¥			¥ 1		¥ 1
Preferential tax rate			10.00%		5.00%
PRC [Member]
Taxation (Details) [Line Items]
Taxable income \| ¥			¥ 3
Preferential tax rate			2.50%		10.00%
Minimum [Member]
Taxation (Details) [Line Items]
Taxable income \| ¥				¥ 1	¥ 1
Maximum [Member]
Taxation (Details) [Line Items]
Taxable income \| ¥			¥ 3		¥ 3

Related Party Transactions (Details) - Schedule of Major Related Parties Transaction	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule of Major Related Paries Transaction [Abstract]
Name of related parties		Shengda Group
Relationship with the Group	An entity ultimately controlled by Mr. Ye Zaichang, SunCar’s Chief Executive Officer

Discontinued Operations (Details) - Schedule of Classes of Assets and Liabilities of Discontinued Operations - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2021
Current assets
Cash		$ 570
Prepaid expenses and other current assets		3,305
Total current assets		3,875
Noncurrent assets
Long-term investment		169
Long-term receivables		4,597
Property, plant and equipment, net		234
Total noncurrent assets		5,000
TOTAL ASSETS		8,875
Current liabilities
Short-term loan		1,569
Accounts payable		161
Advance from customers		470
Accrued expenses and other current liabilities		15,726
Tax payable		9,408
Total current liabilities		27,334
Noncurrent liabilities
Other long-term liabilities	$ 43,330	52,659
Total noncurrent liabilities		52,659
Total liabilities		$ 79,993

Summary of Significant Accounting Policies (Details) - Schedule of Consolidated Financial Statements	Jun. 30, 2023	Dec. 31, 2022
Schedule of Consolidated Financial Statements [Abstract]
Balance sheet items, except for equity accounts	7.2513	6.8972
Items in the statements of income and comprehensive income, and statements of cash flows	6.9283	6.4835

Net Income (Loss) Per Share (Details) - Schedule of Basic and Diluted Net Income (Loss) Per Share - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net income (loss) from continuing operations attributable to SunCar Technology’s ordinary shareholders	$ (3,379)	$ 3,155	$ (5,675)	$ 3,942	$ 3,403
Net loss from discontinued operations attributable to SunCar Technology’s ordinary shareholders		(1,030)	(994)	(27,663)	(16,396)
Numerator for basic and diluted net income (loss) per share calculation	$ (3,379)	$ 2,125	$ (6,669)	$ (23,721)	$ (12,993)
Denominator:
Weighted average number of ordinary shares	81,374,609	80,000,000	225,000,000	225,000,000	225,000,000
Net income (loss) from continuing operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
Basic	$ (0.04)	$ 0.04	$ (0.03)	$ 0.01	$ 0.01
Net loss from discontinued operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
Basic	0	(0.01)	0	(0.12)	(0.07)
Net income (loss) attributable to SunCar Technology’s ordinary shareholders per ordinary share
Basic	$ (0.04)	$ 0.03	$ (0.03)	$ (0.11)	$ (0.06)

Commitments and Contingencies (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Commitments and Contingencies

The total future minimum lease payments under the non-cancellable operating lease with respect to the office as of June 30, 2023 are payable as follows:

	Lease Commitment
Within 1 year	$	694
1-3 years		823
Total	$	1,517

The total future minimum lease payments under the non-cancellable operating lease with respect to the office as of December 31, 2022 are payable as follows:

	Lease Commitment
Within 1 year		348
Total		348

Related Party Transactions (Details)
¥ / shares in Units, $ / shares in Units, $ in Thousands

12 Months Ended

Mar. 01, 2022

CNY (¥)

Dec. 03, 2021

CNY (¥)

¥ / shares

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

^[1]

May 17, 2023

$ / shares

Apr. 30, 2023

Price per share | ¥ / shares

¥ 4

Due from related parties

¥ 1,000

$ 40,854

^[1]

Annual interest rate

1.00%

Per Share | (per share)

¥ 4

$ 10

Due from related parties

¥ 282,000,000

Transfer balance

¥ 282,000,000

Shengda Group [Member]

Interest percentage

55.09%

Annual interest rate

1.00%

Shengda Group [Member]

Total equity amount

¥ 1

Shanghai Feiyou [Member]

Due from related parties

¥ 282,000,000

Shengda Group [Member]

Due from related parties

¥ 282,000,000

[1]

On December 3, 2021, Shengda Group transfered all of its equity interest, which was 55.09% as of the transfer date, of SUNCAR Online to Shanghai Feiyou, at price RMB4 per share, totaling RMB282 million. Upon completion of the transfer, Feiyou is liable to Shengda Group RMB282 million for the transfer of SUNCAR Online, which is eliminated in the consolidated financial statements as an intercompany balance as of December 31, 2021. As a result of the disposal of Shengda Group, Shengda Group became the related party of the Group, and the balance due to Shengda Group was not eliminated on the consolidated level but presented as amount due to a related party. On March 1, 2022, the Group entered into a share purchase agreement (the “SPA”) with an affiliate of Mr. Ye, the Group’s Chairman of the Board of Directors to transfer the total equity of Shengda Group with the consideration of RMB 1. Pursuant to the SPA, the Group agreed to repay the debt owed to Shengda Group by full before June 1, 2023.

In April 2023, the Group negotiated with Shengda Group and consented to have an extension of payment to extend the repayment date to December 31, 2025, with annual interest rate of 1% from June 1, 2023 to December 31, 2025 (See Note 21).

Concentration Risk (Details)	6 Months Ended	12 Months Ended
Concentration Risk (Details)	Jun. 30, 2023	Dec. 31, 2022
Concentration Risk [Abstract]
Total revenue percentage	10.00%	10.00%
Accounts receivable percentage	10.00%	10.00%
Total purchase percentage	10.00%	10.00%
Represent percentage	10.00%	10.00%

Concentration Risk (Details) - Schedule of Group’s Total Revenue

6 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Customer A [Member]

Revenue, Major Customer [Line Items]

Total revenue percentage

19.00%

20.00%

Customer B [Member]

Revenue, Major Customer [Line Items]

Total revenue percentage

17.00%

^[1]

Customer C [Member]

Revenue, Major Customer [Line Items]

Total revenue percentage

^[1]

18.00%

Customer D [Member]

Revenue, Major Customer [Line Items]

Total revenue percentage

^[1]

11.00%

[1]	represent percentage less than 10%

Equity (Details) $ / shares in Units, $ in Thousands		1 Months Ended	6 Months Ended	12 Months Ended
Equity (Details) $ / shares in Units, $ in Thousands	Nov. 04, 2022 USD ($)	May 19, 2023 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) shares	Dec. 31, 2022 $ / shares	May 17, 2023 USD ($) $ / shares	Dec. 03, 2021 ¥ / shares
Equity (Details) [Line Items]
Investor agreed to purchase of shares (in Shares) \| shares		2,173,657
Total consideration amount		$ 21,737
Additional paid-in capital			$ 21,737
Ordinary shares issued (in Shares) \| shares			160,000
Advance for deferred cost					$ 1,499
Converted into ordinary shares price per share (in Dollars per share) \| (per share)					$ 10	¥ 4
Average price percentage	90.00%
Private Placement [Member]
Equity (Details) [Line Items]
Common stock par value (in Dollars per share) \| $ / shares		$ 0.0001
Warrant [Member]
Equity (Details) [Line Items]
Exercise price per share (in Dollars per share) \| $ / shares				$ 11.5
GEM Investor [Member]
Equity (Details) [Line Items]
Total equity percentage				3.30%
GEM Investor [Member]
Equity (Details) [Line Items]
Ordinary shares value	$ 125,000

Convertible Preferred Shares (Details)	12 Months Ended
Convertible Preferred Shares (Details)	Dec. 31, 2022 shares
Convertible Preferred Shares (Details) [Line Items]
Rate of percentage	8.00%
Series A Preferred Stock [Member]
Convertible Preferred Shares (Details) [Line Items]
Convertible preferred shares	45,614,646
Percentage of original Issued	120.00%
Limited Series A Convertible Preferred Shares [Member]
Convertible Preferred Shares (Details) [Line Items]
Convertible preferred shares	27,053,437
Series B Preferred Stock [Member]
Convertible Preferred Shares (Details) [Line Items]
Convertible preferred shares	121,000,531
Percentage of original Issued	130.00%

Non-Controlling Interests

12 Months Ended

Dec. 31, 2022

Non-Controlling Interests [Abstract]

NON-CONTROLLING INTERESTS

14.

NON-CONTROLLING INTERESTS

Contribution from non-controlling shareholders

On November 24, 2020, one of SunCar’s subsidiary, Shengda Automobile, entered into Capital Subscription Agreement with a series of institutional investors, including Shenzhen Innovation Investment Group Co. Ltd, Nanjing Hongtu Xinghe Venture Capital Fund (LLP), Jiangsu Hongtu Intelligent Manufacturing Venture Capital Enterprise (LLP), Shanghai Jinshan Hongtu Venture Capital Center (LLP), Gaoyou Hongtu Venture Capital Fund (LLP), Shanghai Heyi Enterprise Management Partnership (Limited partnership) and Shanghai Lianchuang Yongyuan Equity Investment Fund Partnership (Limited Partnership) (collectively “institutional investors”), and a series of individual investors. Pursuant to the agreement, all the institutional investors and individual investors made a total contribution of RMB216,000 (US$33,097) to obtain 8,400,001 shares of Shengda Automobile at a purchase price of RMB25.71 (US$3.94) per share, which accounted for 14.38% for the total equity interest of Shengda Automobile. The difference between the total contribution, and the carrying amount of proportional net assets that noncontrolling shareholders acquired was recorded in additional paid-in capital, which was US$14,432.

Repurchase of noncontrolling interests

Since 2014, one of SunCar’s subsidiary, SUNCAR Online, was listed on the National Equities Exchange and Quotations Co., Ltd., or the NEEQ, and SunCar owns a majority ownership in SUNCAR Online. In 2020, a 100% owned subsidiary of SunCar, Shanghai Shengda Jiarui Automobile Sales Co., Limited (“Shengda Jiarui”, a subsidiary from discontinued operation), acquired 0.39% of ownership of SUNCAR Online from non-controlling shareholders via NEEQ capital market. In 2021, another 100% owned subsidiary of SunCar, Haiyan, acquired 0.99% of ownership of SUNCAR Online from non-controlling shareholders via NEEQ capital market. In 2022, Haiyan, and another 100% owned subsidiary of SunCar, Shanghai Feiyou, acquired 0.01% and 0.25% of ownership of SUNCAR Online from non-controlling shareholders via NEEQ capital market,respectively.

Since both Shengda Jiarui and Haiyan were 100% owned by SunCar, the ownership purchase transactions were considered as repurchase of non-controlling interests by SunCar in substance. During the year ended December 31, 2020, as a result of the repurchase of 0.39% non-controlling interest of SUNCAR Online, SunCar derecognized non-controlling interest of $223, and the difference between the purchase price and the carrying amount of proportional net assets that repurchased from noncontrolling shareholders was recorded in additional paid-in capital, which was $867. During the year ended December 31, 2021, as a result of the repurchase of 0.99% non-controlling interest of SUNCAR Online, SunCar derecognized non-controlling interest of $948, and the difference between the purchase price and the carrying amount of the proportional net assets that repurchased from non-controlling shareholders was recorded in additional paid-in capital, which was $236. During the year ended December 31, 2022, as a result of the repurchase of 0.26% non-controlling interest of SUNCAR Online, SunCar derecognized non-controlling interest of $234, and the difference between the purchase price and the carrying amount of the proportional net assets that repurchased from non-controlling shareholders was recorded in additional paid-in capital, which was $276.

Dividend paid to noncontrolling shareholders

On October 26, 2021, SUNCAR Online declared and paid dividend of RMB102,304 (US$15,859), among which RMB42,702 (US$6,620) was paid to non-controlling shareholders of SUNCAR Online. The remaining dividends were paid to Haiyan Trading (Shanghai) Co., Ltd., Shengda Auto Service Group Co., Ltd., Shanghai Lianming Advertising Communication Co., Ltd., and Shanghai Shanda Jiarui Automobile Sales Co., Ltd. (“Shanda Jiarui”, a subsidiary from discontinued operation), which are all 100% owned subsidiaries of the Group, and the payment of the remaining dividends to these subsidiaries has no impact on the consolidated financial statements of the Group.

Commitments and Contingencies (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Capital commitment	$ 8,018	$ 13,022
Commitment expected term	1 year	1 year

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Parentheticals) - $ / shares	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net income (loss) per ordinary share from continuing operations, Diluted	$ (0.04)	$ 0.04	$ (0.03)	$ 0.01	$ 0.01
Net loss per ordinary share from discontinued operations, Diluted	0.00	(0.01)	0.00	(0.12)	(0.07)
Net income (loss) attributable to SunCar Technology Group Inc’s ordinary shareholders per ordinary share, Diluted	$ (0.04)	$ 0.03	$ (0.03)	$ (0.11)	$ (0.06)
Weighted average shares outstanding used in calculating basic and diluted income (loss) per share, Diluted (in Shares)	81,374,609	80,000,000	225,000,000	225,000,000	225,000,000
Weighted average shares outstanding used in calculating basic and diluted income per share, Diluted (in Shares)			418,668,614	418,668,614	418,668,614

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

+ Details

- Definition

The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-03(13))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-1

+ Details

Organization and Principal Activities (Details)
$ / shares in Units, ¥ in Thousands, $ in Thousands

6 Months Ended

12 Months Ended

Mar. 01, 2022

CNY (¥)

Jun. 30, 2023

USD ($)

$ / shares

Jun. 30, 2022

Dec. 31, 2022

USD ($)

$ / shares

Dec. 31, 2021

USD ($)

^[1]

Organization and Principal Activities (Details) [Line Items]

Nominal consideration amount (in Yuan Renminbi)

¥ 1

$ 40,854

^[1]

Additional Paid-in Capital [Member]

Organization and Principal Activities (Details) [Line Items]

Additional paid in capital (in Dollars) | $

$ 3

Maximum [Member]

Organization and Principal Activities (Details) [Line Items]

Par value of ordinary shares (in Dollars per share) | $ / shares

$ 0.00005

Weighted average number of ordinary shares outstanding | shares

418,668,614

Minimum [Member]

Organization and Principal Activities (Details) [Line Items]

Par value of ordinary shares (in Dollars per share) | $ / shares

$ 0.0001

Weighted average number of ordinary shares outstanding | shares

80,000,000

Common Class A [Member]

Organization and Principal Activities (Details) [Line Items]

Conversion of share | shares

30,371,435

Par value of ordinary shares (in Dollars per share) | $ / shares

$ 0.0001

Common Class B [Member]

Organization and Principal Activities (Details) [Line Items]

Conversion of share | shares

49,628,565

Par value of ordinary shares (in Dollars per share) | $ / shares

$ 0.0001

[1]

Condensed Consolidated Balance Sheets ¥ in Thousands, $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Current assets
Cash	$ 35,460	$ 21,200
Restricted cash	2,653	2,717
Short-term investments	20,985	26,544
Accounts receivable, net	74,593	85,619	$ 85,637
Prepaid expenses and other current asset	43,601	9,270	5,740
Total current assets	177,292	145,350
Non-current assets
Long-term investment	276	290
Software and equipment, net	15,040	18,491	10,739
Deferred tax assets, net	12,630	13,070
Other non-current assets	17,267	14,423	24,385
Right-of-use assets	1,514	344
Non-current assets of discontinued operations			5,000
Total non-current assets	46,727	46,618
TOTAL ASSETS	224,019	191,968
Current liabilities
Short-term loans	85,199	74,653
Accounts payable	30,326	24,200
Contract liabilities	3,870	3,569
Tax Payable	1,749	2,042
Accrued expenses and other current liabilities	4,037	4,849
Current liabilities of discontinued operations			27,334
Lease liabilities	624	315
Total current liabilities	125,973	155,192
Non-current liabilities of discontinued operations			52,659
Non-current liabilities
Lease liabilities	796
Warrant liabilities	32
Total non-current liabilities	44,158
Total liabilities	170,131	155,192
Shareholders’ equity
Additional paid in capital	114,084	95,764
Accumulated deficit	(103,200)	(99,580)
Accumulated other comprehensive loss	(1,643)	(1,476)
Total shareholders’ (deficit) equity	9,250	(5,284)
Non-controlling interests	44,638	42,060
Total equity	53,888	36,776	26,463
TOTAL LIABILITIES AND EQUITY	224,019	191,968
Class A Ordinary Shares
Shareholders’ equity
Ordinary shares	4	3
Class B Ordinary Shares
Shareholders’ equity
Ordinary shares	5	5
Previously Reported
Current assets
Cash		21,200	34,517
Restricted cash		2,717	2,830
Short-term investments		26,544	29,147
Accounts receivable, net		85,619	85,637
Prepaid expenses and other current asset		9,270	5,740
Current assets of discontinued operations			3,875
Total current assets		145,350	161,746
Non-current assets
Long-term investment		290	314
Software and equipment, net		18,491	10,739
Deferred tax assets, net		13,070	12,086
Other non-current assets		14,423	24,385
Right-of-use assets		344
Non-current assets of discontinued operations			5,000
Total non-current assets		46,618	52,524
TOTAL ASSETS		191,968	214,270
Current liabilities
Short-term loans		74,653	69,030
Accounts payable		24,200	31,491
Deferred revenue		3,569	1,901
Tax Payable		2,042	2,505
Accrued expenses and other current liabilities		4,849	2,887
Operating lease liability-current		315
Current liabilities of discontinued operations			27,334
Total current liabilities		155,192	135,148
Non-current liabilities of discontinued operations			52,659
Non-current liabilities
Total liabilities		155,192	187,807
Shareholders’ equity
Ordinary shares		11	11
Convertible Preferred shares (par value US$0.00005; 45,614,646 Series A preferred shares, 27,053,437 limited Series A preferred shares and 121,000,531 Series B preferred shares authorized, issued and outstanding as of December 31, 2021 and 2022, respectively)		10	10
Additional paid in capital		95,751	75,091
Accumulated deficit		(99,580)	(92,911)
Accumulated other comprehensive loss		(1,476)	(3,637)
Total shareholders’ (deficit) equity		(5,284)	(21,436)
Non-controlling interests		42,060	47,899
Total equity		36,776	26,463
TOTAL LIABILITIES AND EQUITY		191,968	214,270
Related Party
Current liabilities
Amount due to related parties	168	45,564
Non-current liabilities
Amount due to a related party	$ 43,330
Related Party \| Previously Reported
Current liabilities
Amount due to related parties		$ 45,564

Subsequent Events (Details) - USD ($)		12 Months Ended
Subsequent Events (Details) - USD ($)	May 19, 2023	Dec. 31, 2022	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Jun. 01, 2023
Subsequent Events (Details) [Line Items]
Shareholders payable amount		$ 800,000,000
Price per share (in Dollars per share)		$ 10
Shares issued (in Shares)					160,000
Revenue		$ 258,000,000,000
Common Class A [Member]
Subsequent Events (Details) [Line Items]
Shares issued (in Shares)		1,600,000
Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Purchase in private placement (in Shares)	2,173,657
Total consideration	$ 21,736,569,250
Subsequent Event [Member] \| Common Class A [Member]
Subsequent Events (Details) [Line Items]
Common stock par value (in Dollars per share)	$ 0.0001
Forecast [Member]
Subsequent Events (Details) [Line Items]
Revenue			$ 459,000,000,000	$ 352,000,000,000
Forecast [Member] \| Common Class A [Member]
Subsequent Events (Details) [Line Items]
Shares issued (in Shares)			1,600,000	1,600,000
Forecast [Member] \| Subsequent Event [Member]
Subsequent Events (Details) [Line Items]
Annual interest rate						1.00%

Segment Information (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Segment Information [Abstract]

Schedule of Operating Segments Based on Internal Management Report

The Group’s CODM evaluates performance based on the operating segment’s revenue and their operating results. The revenue and operating results by segments were as follows:

	For the Six Months Ended June 30, 2023
	Automotive after-sales service			Insurance intermediation service			Others			Consolidated
Revenues from external customers	$	98,813		$	47,710		$	12,855		$	159,378
Depreciation and amortization	$	(1,884	)	$	(1,278	)	$	(28	)	$	(3,190	)
Segment income (loss) before tax	$	6,332		$	(938	)	$	(3,408	)	$	1,986

	For the Six Months Ended June 30, 2022
	Automotive after-sales service			Insurance intermediation service			Others			Consolidated
Revenues from external customers	$	89,851		$	29,346		$	5,531		$	124,728
Depreciation and amortization	$	(1,633	)	$	(407	)	$	(37	)	$	(2,077	)
Segment income (loss) before tax	$	8,466		$	(819	)	$	(34	)	$	7,613

The revenue and operating results by segments were as follows:

	Year ended December 31, 2020
	Automotive after-sales service			Insurance intermediation service			Others			Consolidated
Revenues from external customers	$	154,238		$	84,161		$	526		$	238,925
Depreciation and amortization	$	(1,090	)	$	(449	)	$	(74	)	$	(1,613	)
Segment income (loss) before tax	$	12,864		$	(3,616	)	$	(874	)	$	8,374

	Year ended December 31, 2021
	Automotive after-sales service			Insurance intermediation service			Others			Consolidated
Revenues from external customers	$	187,880		$	56,766		$	4,589		$	249,235
Depreciation and amortization	$	(3,404	)	$	(578	)	$	(73	)	$	(4,055	)
Segment income (loss) before tax	$	15,891		$	(4,256	)	$	(1,105	)	$	10,530

	Year ended December 31, 2022
	Automotive after-sales service			Insurance intermediation service			Others			Consolidated
Revenues from external customers	$	199,294		$	67,640		$	15,479		$	282,413
Depreciation and amortization	$	(3,452	)	$	(1,558	)	$	(68	)	$	(5,078	)
Segment income (loss) before tax	$	(8,109	)	$	(2,212	)	$	(353	)	$	(10,674	)

Schedule of Total Assets from Continuing Operations by Segments

The total assets from continuing operations by segments as of December 31, 2022 and June 30, 2023 were as follows:

	December 31,		June 30,
	2022		2023
Segment assets
Automotive after-sales service	$	113,992	$	136,841
Insurance intermediation service		68,123		66,893
Others		9,853		20,285
Total segment assets from continuing operations	$	191,968	$	224,019

The total assets from continuing operations by segments as of December 31, 2021 and 2022 were as follows:

	December 31,
	2021		2022
Segment assets
Automotive after-sales service	$	153,723	$	113,992
Insurance intermediation service		49,729		68,123
Others		1,943		9,853
Total segment assets from continuing operations	$	205,395	$	191,968

Net Income (Loss) Per Share (Details) - Schedule of Basic and Diluted Net Loss Per Share (Parentheticals) - $ / shares	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of basic and diluted net loss per share [Abstract]
Diluted	$ 0.00	$ (0.01)	$ 0.00	$ (0.12)	$ (0.07)
Diluted	$ (0.04)	$ 0.03	$ (0.03)	$ (0.11)	$ (0.06)

- Definition

+ References

+ Details

Commitments and Contingencies (Details) - Schedule of Commitments and Contingencies - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Commitments and Contingencies (Details) - Schedule of Commitments and Contingencies [Line Items]
Lease commitment	$ 1,517	$ 348
1-3 years	823 years
Within 1 year [Member]
Commitments and Contingencies (Details) - Schedule of Commitments and Contingencies [Line Items]
Lease commitment	$ 694	$ 348

Leases (Details) - Schedule of Other Information Related to Leases	Jun. 30, 2023	Dec. 31, 2022
Schedule of Other Information Related to Leases [Abstract]
Weighted-average remaining lease term	7 months 20 days	7 months 9 days
Weighted-average discount rate	4.30%	4.30%

Discontinued Operations (Details)
¥ in Thousands, $ in Thousands

6 Months Ended

12 Months Ended

Mar. 01, 2022

USD ($)

Mar. 01, 2022

CNY (¥)

Jun. 30, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

^[1]

Dec. 31, 2020

USD ($)

Nov. 24, 2020

USD ($)

Discontinued Operations (Details) [Line Items]

Net liability

¥ 1

$ 168

$ 45,564

Financial Leasing | ¥

Additional paid-in capital

21,059

114,084

95,764

$ 867

$ 14,432

Non controlling interest (in Dollars)

$ 2,163

Related party cost

¥ 1

$ 4,710

^[1]

Transfer percentage

25.00%

Shengda Group [Member]

Discontinued Operations (Details) [Line Items]

Additional paid-in capital

21,874

Non controlling interest (in Dollars)

$ 2,168

Business Combination [Member]

Discontinued Operations (Details) [Line Items]

Equity interest

25.00%

Business Combination [Member] | ASTS Holdings Limited [Member]

Discontinued Operations (Details) [Line Items]

Equity interest

100.00%

Business Combination [Member] | Mr. Li Qin [Member]

Discontinued Operations (Details) [Line Items]

Equity interest

100.00%

[1]	Other payables to Shengda Group were for the ordinary course of operation, which were interest free, unsecure and could be settled on demand.

Segment Information (Details) - Schedule of Total Assets from Continuing Operations by Segments - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule of total assets from continuing operations by segments [Abstract]
Segment assets
Automotive after-sales service	136,841	113,992	153,723
Insurance intermediation service	66,893	68,123	49,729
Others	20,285	9,853	1,943
Total segment assets from continuing operations	$ 224,019	$ 191,968	$ 205,395

Accounts Receivable, Net (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable, Net [Abstract]
Bad debt expense	$ 3,694	$ 245	$ 25,981

Other Non-Current Assets (Details) - Schedule of Other Non-Current Assets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Other Non-Current Assets (Details) - Schedule of Other Non-Current Assets [Line Items]
Other non-current assets	$ 17,267	$ 14,423	$ 24,385
Private clouds in construction [Member]
Other Non-Current Assets (Details) - Schedule of Other Non-Current Assets [Line Items]
Other non-current assets	16,881	13,629	21,893
Prepayment for equipment [Member]
Other Non-Current Assets (Details) - Schedule of Other Non-Current Assets [Line Items]
Other non-current assets	$ 386	$ 794	$ 858

Taxation (Details) - Schedule of Provision for Income Taxes and the Provision at the Prc, Mainland Statutory Rate - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Provision For Income Taxes and the Provision at the Prc Mainland Statutory Rate [Abstract]
Income before income tax expense	$ 1,986	$ 7,613	$ (10,674)	$ 10,530	$ 8,374
Computed income tax expense with statutory tax rate	573	1,903	(2,669)	2,632	2,093
Additional deduction for R&D expenses	(237)	(257)	(635)	(509)	(386)
Tax effect of preferred tax rate	(791)	(766)	1,050	(1,389)	(1,255)
Tax effect of favorable tax rates on small-scale and low-profit entities	(15)	(5)	123	(93)	(52)
Tax effect of tax relief	(2)	(5)	(7)	(9)	(51)
Tax effect of non-deductible items	35	11	26	71	27
Tax effect due to the disposal of Shengda Group*		(3,868)	(3,580)
Tax effect of deferred tax effect of tax rate change	(42)		129
Changes in valuation allowance	1,329	3,877	5,794	235	1,376
Income tax expense	$ 850	$ 890	$ 231	$ 938	$ 1,752

Condensed Financial Information of the Parent Company (Tables)

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Disclosure [Abstract]

Schedule of Condensed Parent Company Balance Sheets

	As of December 31,
	2021			2022
ASSETS
Investment in subsidiaries	$	-		$
Total assets		-

LIABILITIES AND SHAREHOLDERS’ EQUITY
Deficit in investment in subsidiaries		21,436			5,284
Total liabilities		21,436			5,284

Shareholders’ deficit
Ordinary shares (par value of US0.00005 per share; 225,000,000 shares authorized as of December 31, 2021 and 2022; 225,000,000 shares issued and outstanding as of December 31, 2021 and 2022, respectively)		11			11
Convertible Preferred shares (par value US0.00005; 45,614,646 Series A preferred shares, 27,053,437 limited Series A preferred shares and 121,000,531 Series B preferred shares authorized, issued and outstanding as of December 31, 2021 and 2022, respectively)		10			10
Additional paid in capital		75,091			95,751
Accumulated deficit		(96,548	)		(101,056	)
Total shareholders’ deficit	$	(21,436	)	$	(5,284	)
TOTAL LIABILITIES AND DEFICIT	$	-		$	-

Schedule of Condensed Parent Company Statements of Operations

	For the years ended December 31,
	2020			2021			2022
Operating loss:
Share of loss of subsidiaries	$	(12,993	)	$	(23,721	)		(6,669	)

Loss before income tax expense		(12,993	)		(23,721	)		(6,669	)
Income tax expense		-			-			-
Net loss	$	(12,993	)	$	(23,721	)		(6,669	)

Schedule of Condensed Parent Company Statements of Cash Flow

For the years ended December 31,

2021

2022

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Net increase in cash and restricted cash

Cash and restricted cash, at beginning of year

Cash and restricted cash, at end of year

Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Borrowings [Abstract]
Interest expenses	$ 3,809	$ 3,476	$ 2,311
Weighted average interest rates	4.89%	4.98%	3.95%

Concentration Risk (Details) - Schedule of Group’s Total Accounts Receivable

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Customer B [Member]

Percentage of the Group’s accounts receivable

Accounts receivable percentage

30.00%

23.00%

Customer C [Member]

Percentage of the Group’s accounts receivable

Accounts receivable percentage

33.00%

^[1]

13.00%

Customer D [Member]

Percentage of the Group’s accounts receivable

Accounts receivable percentage

15.00%

10.00%

Customer E [Member]

Percentage of the Group’s accounts receivable

Accounts receivable percentage

12.00%

^[1]

Customer F [Member]

Percentage of the Group’s accounts receivable

Accounts receivable percentage

10.00%

^[1]

[1]	represent percentage less than 10%

Summary of Significant Accounting Policies

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of presentation

The accompanying unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. The accompanying unaudited condensed financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes for the years ended December 31, 2020, 2021 and 2022.

The unaudited condensed consolidated financial statements include the financial statements of SunCar Technology and its subsidiaries. All intercompany transactions and balances among SunCar Technology and its subsidiaries have been eliminated upon consolidation.

(b) Use of estimates

The preparation of the unaudited condensed consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, related disclosures of contingent assets and liabilities at the balance sheet date, and the reported revenues and expenses during the reported periods in the condensed consolidated financial statements and accompanying notes. Significant accounting estimates include, but not limited to, the allowance for doubtful accounts, useful lives and impairment of long-lived assets, and valuation allowances of deferred tax assets. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the unaudited condensed consolidated financial statements.

(c) Accounts receivable, net

Accounts receivable, net are stated at the original amount less allowances for doubtful accounts. Accounts receivable are recognized in the period when the Group has provided services to its customers and when its right to consideration is unconditional. The Group reviews the accounts receivable on a periodic basis and makes general and specific allowances when there is doubt as to the collectability of individual balances. The Group considers many factors in assessing the collectability of its receivables, such as the age of the amounts due, the customer’s payment history, credit-worthiness and other specific circumstances related to the accounts. An allowance for doubtful accounts is recorded in the period in which a loss is determined to be probable. Accounts receivable balances are written off after all collection efforts have been exhausted.

Adoption of Accounting Standards Update (“ASU”) 2016-13

In June 2016, the FASB issued ASU 2016-13: Financial Instruments-Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. The Group adopted ASU 2016-13 from January 1, 2023 using modified-retrospective transition approach with a cumulative-effect adjustment to shareholders’ equity amounting to $507 recognized as of January 1, 2023.

(d) Fair value measurement

Accounting guidance defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Group considers the principal or most advantageous market in which it would transact and it considers assumptions that market participants would use when pricing the asset or liability.

Accounting guidance establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of inputs are:

●

Level 1—Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

●

Level 2—Include other inputs that are directly or indirectly observable in the marketplace.

●

Level 3—Unobservable inputs which are supported by little or no market activity.

Accounting guidance also describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset.

Financial assets and liabilities of the Group primarily consist of cash, accounts receivable, other receivables included in prepayments and other current assets, short-term borrowings, accounts payable, other payables included in accrued expenses and other current liabilities. As of December 31, 2022 and June 30, 2023, the carrying amounts of other financial instruments approximated to their fair values due to the short-term maturity of these instruments.

The Group’s non-financial assets, such as software and equipment, would be measured at fair value only if they were determined to be impaired.

(e) Revenue recognition

The Group’s revenues are mainly generated from providing automotive after-sales service, insurance intermediation service and technology service.

The Group recognizes revenue pursuant to ASC 606, Revenue from Contracts with Customers (“ASC 606”). In accordance with ASC 606, revenues from contracts with customers are recognized when control of the promised goods or services is transferred to the Group’s customers, in an amount that reflects the consideration the Group expects to be entitled to in exchange for those goods or services, reduced by Value Added Tax (“VAT”). To achieve the core principle of this standard, we applied the following five steps:

Identification of the contract, or contracts, with the customer;

Identification of the performance obligations in the contract;

Determination of the transaction price;

Allocation of the transaction price to the performance obligations in the contract; and

Recognition of the revenue when, or as, a performance obligation is satisfied.

Automotive after-sales service

The Group defines enterprise clients as the Group’s customers and the Group sells automotive after-sales service coupons to enterprise clients, which each coupon represents one specific automotive after-sales service. There are various service types including vehicle washing, waxing, maintenance, driving service and road assistance, and the Group only provides one specific service among various service types for each specific service coupon. The Group identifies each specific service coupon as a contract that establishes enforceable rights and obligations for each party. The Group charges the service fee at a fixed price per service when the service is performed. For service coupons with limited duration, the Group either charges the service fee at a fixed price per service when the service is performed or when the coupon expires, whether or not the service has been performed. The Group considers each service coupon is a distinct service that is capable of providing a benefit to the customer on its own according to ASC 606-10-25-14(a). Therefore, the Group identifies only one performance obligation under a contract, which is to provide a specific service or to stand-ready to perform a specific service within a limited duration. The Group acts as a principal as the Group controls the right to services before the services are provided to customers and the Group has the ability to direct other parties to provide the services to customers on the Group’s behalf. Specifically, the Group has the ability to choose service providers, is primarily responsible for the acceptability for the service meeting customer specifications, bears inventory risk after transfer of control of services to customers, and has the discretion in establishing the price with customers and with service providers and bears credit risk. The Group recognizes revenue in the gross amount of consideration at a point of time when the service is provided, or when the service coupon expires. The Group does not provide refunds to customers when a coupon is expired but not used.

Insurance intermediation service

The Group provides insurance intermediation service distributing primarily vehicle insurance on behalf of the insurance companies and charges insurance companies for intermediation service commissions. Insurance intermediation services are considered to be rendered and completed, and revenue is recognized, at the time an insurance policy becomes effective, that is, when the signed insurance policy is in place and the premium is collected from the insured. The Group has satisfied the performance obligation to recognize revenue when the premiums are collected by the respective insurance companies and not before, because collectability is not ensured until receipt of the premium. Accordingly, the Group does not accrue any insurance intermediation service commission and fees prior to the receipt of the related premiums. No allowance for cancellation has been provided for intermediation services as cancellation of policies rarely occurs.

Technology service

The Group provides technology service including technical software and consulting related to automobile services and insurance, such as customer relationship management (CRM), order management, finance management and visual analysis systems. The Group charges service fee based on fixed price per month for service provided, and recognizes revenue over time during the service period.

Contract Balances

Timing of revenue recognition may differ from the timing of invoicing to customers. Accounts receivable represent revenue recognized for the amounts invoiced and/or prior to invoicing when the Group has satisfied its performance obligation and has an unconditional right to the payment. Contract assets represent the Group’s right to consideration in exchange for goods or services that the Group has transferred to a customer. The Group has no contract assets as of December 31, 2022 and June 30, 2023.

The contract liabilities consist of the billings or cash received for services in advance of revenue recognition and is recognized as revenue the performance obligation is satisfied. The Group’s contract liabilities amounted to $3,569 and $3,870 as of December 31, 2022 and June 30, 2023, respectively. During the six months ended June 30, 2022 and 2023, the Group recognized $1,901 and $3,569 that was included in contract liabilities balance at January 1, 2022 and 2023, respectively.

(f) Warrants

The Group accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 480, “Distinguishing Liabilities from Equity” (“ASC 480”) and ASC 815, “Derivatives and Hedging” (“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own ordinary shares and whether the warrant holders could potentially require “net cash settlement” in a circumstance outside of the Company’s control, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding

For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of equity at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statements of operations. The fair value of the Private Warrants was estimated using a Black-Scholes model.

(g) Foreign currency transactions and translations

The Group’s principal country of operations is the PRC. The financial position and results of its operations are determined using RMB, the local currency, as the functional currency. The Group’s financial statements are reported using U.S. Dollars (“$”). The results of operations and the consolidated statements of cash flows denominated in foreign currency are translated at the average rate of exchange during the reporting period. Assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date. The equity denominated in the functional currency is translated at the historical rate of exchange at the time of capital contribution. Because cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Translation adjustments arising from the use of different exchange rates from period to period are included as a separate component of accumulated other comprehensive income (loss) included in consolidated statements of changes in equity. Gains and losses from foreign currency transactions are included in the results of operations.

The value of RMB against $ and other currencies may fluctuate and is affected by, among other things, changes in the PRC’s political and economic conditions. Any significant revaluation of RMB may materially affect the Group’s financial condition in terms of $ reporting. The following table outlines the currency exchange rates that were used in creating the consolidated financial statements:

	December 31, 2022		June 30, 2023
Balance sheet items, except for equity accounts		6.8972		7.2513

	For the Six Months Ended June 30,
	2022		2023
Items in the statements of income and comprehensive income, and statements of cash flows		6.4835		6.9283

No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation.

(h) Recent accounting pronouncements

The Group is an “emerging growth company” (“EGC”) as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, EGC can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until such time as those standards apply to private companies.

The Group has evaluated pronouncements recently issued but not yet adopted. The adoption of these pronouncements is not expected to have a material impact or are unrelated to the Group’s consolidated financial condition, results of operations, cash flows or disclosures.

2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a)

Basis of presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).

The consolidated financial statements include the financial statements of SunCar and its subsidiaries. All intercompany transactions and balances among SunCar and its subsidiaries have been eliminated upon consolidation. For consolidated subsidiaries where the Group’s ownership in the subsidiary is less than 100%, the equity interest not held by the Group is shown as non-controlling interests.

(b)

Use of estimates

The preparation of the consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, related disclosures of contingent assets and liabilities at the balance sheet date, and the reported revenues and expenses during the reported periods in the consolidated financial statements and accompanying notes. Significant accounting estimates include, but not limited to, the allowance for doubtful accounts, useful lives and impairment of long-lived assets, and valuation allowances of deferred tax assets. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements.

(c)

Cash

Cash consist of cash on hand and cash in banks. The Group maintains cash with various financial institutions in China. The Group has not experienced any losses in bank accounts and believes it is not exposed to any risks on its cash in bank accounts.

(d)

Restricted cash

Restricted cash represented a guaranteed deposit required by China Banking and Insurance Regulatory Commission (“CBIRC”) in order to protect insurance premium appropriation by insurance agency which is restricted as to withdrawal for other than current operations.

(e)

Accounts receivable, net

(f)

Short-term investment

The Group invested in certain trust products and bank financial products, with various interest rates and are restricted as to withdrawal and use before maturity. The Group classifies the trust and financial products as held-to-maturity securities. The original maturities of the short-term investments are longer than three-months, but shorter than one year. The carrying amount of these short-term investments approximate their fair values due to the short-term maturities of these investments.

The Group reviews its short-term investments for other-than-temporary impairment (“OTTI”) based on the specific identification method. The Group considers available quantitative and qualitative evidences in evaluating the potential impairment of its short-term investments. If the carrying amount of an investment exceeds the investment’s fair value, the Group considers, among other factors, general market conditions, expected future performance of the investees, the duration and the extent to which the fair value of the investment is less than the carrying amount, and the Group’s intent and ability to hold the investments. OTTI is recognized as a loss in the consolidation statements of operations. No impairment charge was recognized for the years ended December 31, 2020, 2021 and 2022.

(g)

Software and equipment, net

Software and equipment are stated at cost less accumulated depreciation and impairment, if any, and depreciated on a straight-line basis over the estimated useful lives of the assets. Cost represents the purchase price of the asset and other costs incurred to bring the asset into its intended use. Estimated useful lives and residual value are as follows:

Category	Estimated useful lives	Residual value
Vehicles	3-5 years	5%
Office equipment and furniture	3-5 years	5%
Electronic equipment	3 years	5%
Computer software	5, 10 years	nil
Leasehold improvements	Over the shorter of lease term or the estimated useful lives of the assets	nil
Others	3-10 years	5%

Computer software

Acquisition costs associated with internal-use software are capitalized and include external direct costs of services principally related to platform development, including support systems, software coding, designing system interfaces, and installation and testing of the software. These costs are recorded as software and equipment and are generally amortized beginning when the asset is substantially ready for use. Costs incurred for enhancements that are expected to result in additional features or functionalities are capitalized and amortized over the estimated useful life of the enhancements. Costs incurred during the preliminary project stage, as well as maintenance and training costs, are expensed as incurred.

Repair and maintenance costs are charged to expenses as incurred, whereas the cost of renewals and betterment that extends the useful lives of software and equipment are capitalized as additions to the related assets. Retirements, sales and disposals of assets are recorded by removing the costs, accumulated depreciation and impairment with any resulting gain or loss recognized in the consolidated statements of operations and comprehensive loss.

(h)

Impairment of long-lived assets

The Group reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. When these events occur, the Group measures impairment by comparing the carrying value of the long-lived assets to the estimated undiscounted future cash flows expected to result from the use of the assets and their eventual disposition. If the sum of the expected undiscounted cash flow is less than the carrying amount of the assets, the Group would recognize an impairment loss, which is the excess of carrying amount over the fair value of the assets, which is determined through various valuation techniques including discounted cash flow models, quoted market values and third-party independent appraisals, as considered necessary. No impairment charge was recognized for the years ended December 31, 2020, 2021 and 2022.

(i)

Long-term investments

Beginning on January 1, 2018, the Group’s equity investments without readily determinable fair values, which do not qualify for the existing practical expedient in ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”), to estimate fair value using the net asset value per share (or its equivalent) of the investment (“NAV practical expedient”), and over which the Group does not have the ability to exercise significant influence through the investments in common stock or in substance common stock, are accounted for under the measurement alternative upon the adoption of ASU 2016-01 (the “Measurement Alternative”). Under the Measurement Alternative, the carrying value is measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments of the same issuer. All gains and losses on these investments, realized and unrealized, are recognized in the consolidated statements of operations and comprehensive income/(loss). The Group makes assessment of whether an investment is impaired based on performance and financial position of the investee as well as other evidence of market value at each reporting date. Such assessment includes, but is not limited to, reviewing the investee’s cash position, recent financing, as well as the financial and business performance. The Group recognizes an impairment loss equal to the difference between the carrying value and fair value in the consolidated statements of operations and comprehensive income/(loss) if any.

On November 20, 2019, Jiaxing Hanchao Equity Investment Partnership (L.P.) (“Jiaxing Hanchao”) was incorporated. Pursuant to the partnership agreement, SUNCAR Online invested $290, accounting for 5% of the total investment as a limited partner. The investment was accounted for under the cost method as the Group had no significant influence over the investee and Jiaxing Hanchao had no readily determinable fair value.

(j)

Accounts payable

Accounts payable is payable to suppliers in the procurement of service to automotive after-sales service providers to customized services for end consumers of the enterprise clients, and promotional service to channels.

(k)

Short-term loan

Short-term loan represents the Group’s borrowings from commercial banks for the Group’s working capital. Short-term loan includes borrowings with maturity terms shorter than one year.

(l)

Related Party

Parties are considered to be related if one party has the ability, directly or indirectly, to control the other party or exercise significant influence over the other party in making financial and operating decisions. Parties are also considered to be related if they are subject to common control or significant influence, such as a family member or relative, stockholder, or a related corporation.

(m)

Fair value measurement

●

Level 1—Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

●

Level 2—Include other inputs that are directly or indirectly observable in the marketplace.

●

Level 3—Unobservable inputs which are supported by little or no market activity.

Financial assets and liabilities of the Group primarily consist of cash, accounts receivable, other receivables included in prepayments and other current assets, short-term borrowings, accounts payable, other payables included in accrued expenses and other current liabilities. As of December 31, 2021 and 2022, the carrying amounts of other financial instruments approximated to their fair values due to the short-term maturity of these instruments.

The Group’s non-financial assets, such as software and equipment, would be measured at fair value only if they were determined to be impaired.

(n)

Revenue recognition

The Group’s revenues are mainly generated from providing automotive after-sales service, insurance intermediation service, technology service and financial leasing service.

	1.	Identification of the contract, or contracts, with the customer;

	2.	Identification of the performance obligations in the contract;

	3.	Determination of the transaction price;

	4.	Allocation of the transaction price to the performance obligations in the contract; and

	5.	Recognition of the revenue when, or as, a performance obligation is satisfied.

Automotive after-sales service

Insurance intermediation service

Technology service

The Group’s revenue are disaggregated by timing of revenue recognition as follows:

	For the years ended December 31,
	2020		2021		2022
Revenue recognized at a point of time	$	238,399	$	244,646	$	266,934
Revenue recognized over time		526		4,589		15,479
Revenues	$	238,925	$	249,235	$	282,413

Contract Balances

The contract liabilities consist of deferred revenue, which represents the billings or cash received for services in advance of revenue recognition and is recognized as revenue the performance obligation is satisfied. The Group’s deferred revenue amounted to $1,901 and $3,569 as of December 31, 2021 and 2022, respectively. During the years ended December 31, 2020, 2021 and 2022, the Group recognized $3,328, $1,053 and $1,901 that was included in deferred revenue balance at January 1, 2020, 2021 and 2022, respectively.

(o)

Integrated service cost

Integrated service cost primarily includes the service fee paid to suppliers undertaking and performing the automobile service to the users of customer, and outsourcing service fee paid to the third party for technological development. The service fee is determined based on the actual services rendered and recognized in the period incurred.

(p)

Promotional service expenses

Promotional service expenses represent (i) promotional service fee to explore extensive networks of automotive after-sales service and insurance intermediation; and (ii) service fees to promotion channels, including but not limited to offline after-sales networks, online platforms, and emerging new energy vehicle original equipment manufacturers (“NEV OEMs”) and service providers. These channels have their own users, who are potential business customers. Promotional service expenses are recognized in the period incurred.

(q)

Research and development expense

Research and development expenses consist primarily of payroll and employee benefit for research and development employees, rental expense, utilities and other related expenses related to design, develop and maintain technology service platform to support the Group’s internal and external business. Research and development expenses are expensed as incurred. Software development costs are recorded in “Research and development” as incurred as the costs qualifying for capitalization have been insignificant.

(r)

Government grants

Government grant is recognized when there is reasonable assurance that the Group will comply with the conditions attach to it and the grant will be received. Government grant for the purpose of giving immediate financial support to the Group with no future related costs or obligation is recognized in “other income” in the Group’s consolidated statements of comprehensive loss when the grant is received.

For the years ended December 31, 2020, 2021 and 2022, the Group received government grants from the local PRC government authorities aggregately of $1,566, $1,897, $3,753, respectively, among which the government grants related to achievement of annual income tax filling target and value-added tax deduction were $1,322, $1,729, $3,426, respectively, and the awards to high-tech enterprises were $244, $168, $327, respectively.

(s)

Share-based compensation

The Group grants restricted share units (“RSUs”) of SunCar’s subsidiary, SUNCAR Online, to eligible employees and management. The Group accounts for share-based awards issued to employees and non-employees in accordance with ASC Topic 718 Compensation – Stock Compensation. The Group recognizes compensation cost for an equity classified award using the straight-line method over the applicable vesting period based on the fair value of restricted shares granted on the date of the grant. Awards of subsidiary equity is recognized in “non-controlling interest” in the consolidated entity.

(t)

Employee benefits

SunCar’s subsidiaries in PRC participate in a government mandated, multiemployer, defined contribution plan, pursuant to which certain retirement, medical, housing and other welfare benefits are provided to employees. PRC labor laws require the entities incorporated in the PRC to pay to the local labor bureau a monthly contribution calculated at a stated contribution rate on the monthly basic compensation of qualified employees. The Group has no further commitments beyond its monthly contribution.

(u)

Leases

The Group leases facilities in the PRC under non-cancellable operating leases expiring on different dates. On January 1, 2022, the Company adopted ASU No. 2016-02 (Topic 842) “Leases” using the optional transition method. Results and disclosure requirements for reporting periods beginning after January 1, 2022 are presented under Topic 842, while prior period amounts have not been adjusted and continue to be reported in accordance with our historical accounting under Topic 840. Under Topic 842, lessees are required to recognize assets and liabilities on the balance sheet for most leases. At inception of a contract, the Group assesses whether a contract is, or contains, a lease. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange of a consideration. To assess whether a contract is or contains a lease, the Group assesses whether the contract involves the use of an identified asset, whether it has the right to obtain substantially all the economic benefits from the use of the asset and whether it has the right to control the use of the asset.

The main impact of the adoption of the standard is that assets and liabilities amounting to $972 and $939, respectively, were recognized beginning January 1, 2022 for leased office space with terms of more than 12 months. The Company accounts for short-term leases with terms less than 12 months in accordance with ASC 842-20-25-2 to recognize the lease payments in profit or loss on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred. The adoption of the standard did not have a significant impact on the Group’s consolidated financial statements.

Right-of-use (“ROU”) assets represent the Group’s rights to use underlying assets for the lease term and lease liabilities represent the Group’s obligation to make lease payments arising from the lease. Operating lease ROU assets and lease liabilities are recognized at commencement date. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

Operating lease ROU assets

The right-of-use assets are initially measured at cost, which comprise the initial amounts of the lease liabilities adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and less any lease incentive received.

Operating lease liabilities

Lease liabilities are initially measured at the present value of the outstanding lease payments at the commencement date, discounted using the discount rate for the leases. As most of the Group’s leases do not provide an implicit rate, the Group uses its incremental borrowing rate based on the information available at lease commencement date in determining the present value of lease payments. The Group’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Group will exercise that option.

Lease liabilities are measured at amortized cost using the effective interest rate method. They are re-measured when there is a change in future lease payments, if there is a change in the estimate of the amount expected to be payable under a residual value guarantee, or if there is any change in the Group assessment of option purchases, contract extensions or termination options.

(v)

Income taxes

The Group accounts for income taxes under ASC 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the consolidated financial statement carrying amounts of existing assets and liabilities and their respective tax bases.

Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period including the enactment date.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Group considers positive and negative evidence when determining whether a portion or all of its deferred tax assets will more likely than not be realized. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of statutory carry-forward periods, its experience with tax attributes expiring unused, and its tax planning strategies. The ultimate realization of deferred tax assets is dependent upon its ability to generate sufficient future taxable income within the carry-forward periods provided for in the tax law and during the periods in which the temporary differences become deductible. When assessing the realization of deferred tax assets, the Group has considered possible sources of taxable income including (i) future reversals of existing taxable temporary differences, (ii) future taxable income exclusive of reversing temporary differences and carry-forwards, (iii) future taxable income arising from implementing tax planning strategies, and (iv) specific known trend of profits expected to be reflected within the industry.

The provisions of ASC 740-10-25, “Accounting for Uncertainty in Income Taxes,” prescribe a more-likely-than-not threshold for consolidated financial statement recognition and measurement of a tax position taken (or expected to be taken) in a tax return. This interpretation also provides guidance on the recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, and related disclosures. The Group’s operating subsidiaries in PRC are subject to examination by the relevant tax authorities. According to the PRC Tax Administration and Collection Law, the statute of limitations is three years if the underpayment of taxes is due to computational errors made by the taxpayer or the withholding agent. The statute of limitations is extended to five years under special circumstances, where the underpayment of taxes is more than RMB 100,000($14,358). In the case of transfer pricing issues, the statute of limitation is ten years. There is no statute of limitation in the case of tax evasion. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred.

The Group did not accrue any liability, interest or penalties related to uncertain tax positions in its provision for income taxes line of its consolidated statements of operations for the years ended December 31, 2020, 2021 and 2022, respectively. The Group does not expect that its assessment regarding unrecognized tax positions will materially change over the next 12 months.

(w)

Value added tax (“VAT”)

The Group is subject to VAT and related surcharges on revenue generated from providing automotive after-sales service, insurance intermediation service, and financial leasing service. The Group records revenue net of VAT. This VAT may be offset by qualified input VAT paid by the Group to suppliers. Net VAT balance between input VAT and output VAT is recorded in the line item of other current assets on the consolidated balance sheets.

(x)

Foreign currency transactions and translations

	As of December 31,
	2021		2022
Balance sheet items, except for equity accounts		6.3726		6.8972

	For the Years Ended December 31,
	2020		2021		2022
Items in the statements of operations and comprehensive loss, and statements of cash flows		6.9042		6.4508		6.7290

No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation.

(y)

Non-controlling interest

A non-controlling interest in a subsidiary of SunCar represents the portion of the equity (net assets) in the subsidiary not directly or indirectly attributable to SunCar. Non-controlling interests are presented as a separate component of equity on the consolidated balance sheets and net income/(loss) and other comprehensive income/(loss) attributable to non-controlling shareholders are presented as a separate component on the consolidated statements of operations and comprehensive loss.

(z)

Earnings/(Loss) per share

Basic earnings (loss) per share is computed by dividing net income (loss) attributable to ordinary shareholders, taking into consideration the deemed dividends to preferred shareholders (if any), by the weighted average number of ordinary shares outstanding during the year using the two-class method. Under the two-class method, net income is allocated between ordinary shares and other participating securities based on their participating rights. Shares issuable for little to no consideration upon the satisfaction of certain conditions are considered as outstanding shares and included in the computation of basic earnings (loss) per share as of the date that all necessary conditions have been satisfied. Net losses are not allocated to other participating securities if based on their contractual terms they are not obligated to share the losses.

The Group’s convertible preferred shares are participating securities, as they have contractual non-forfeitable right to participate in distributions of earnings. The convertible preferred shares have no contractual obligation to fund or otherwise absorb the Group’s losses. Accordingly, any undistributed net income is allocated on a pro rata basis to ordinary shares and convertible preferred shares; whereas any undistributed net loss is allocated to ordinary shares only.

Diluted earnings (loss) per share is calculated by dividing net earnings (loss) attributable to ordinary shareholders, as adjusted for the effect of dilutive ordinary equivalent shares, if any, by the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the year. Ordinary equivalent shares consist of ordinary shares issuable upon the conversion of the convertible preferred shares, using the if-converted method, and shares issuable upon the exercise of share options using the treasury stock method. Ordinary equivalent shares are not included in the denominator of the diluted earnings (loss) per share calculation when inclusion of such share would be anti-dilutive.

(aa)

Discontinued operations

A discontinued operation may include a component of an entity or a group of components of an entity, or a business or nonprofit activity. A disposal of a component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results when any of the following occurs:

(1)

the component of an entity or group of components of an entity meets the criteria to be classified as held for sale;

(2)

the component of an entity or group of components of an entity is disposed of by sale;

(3)

the component of an entity or group of components of an entity is disposed of other than by sale (for example, by abandonment or in a distribution to owners in a spinoff).

For any component classified as held for sale or disposed of by sale or other than by sale that qualify for presentation as a discontinued operation in the period, the Group has reported the assets and liabilities of the discontinued operations as current and non-current assets of discontinued operations, and current and non-current liabilities of discontinued operations in the consolidated balance sheets as of December 31, 2021 and 2022. The results of operations of discontinued operation for the years ended December 31, 2020, 2021 and 2022 have been reflected separately in the consolidated statements of income/(loss) as a single line item for all periods presented in accordance with U.S. GAAP. Cash flows from discontinued operations of the three categories for the years ended December 31, 2020, 2021 and 2022 were separately presented in the consolidated statements of cash flows for all periods presented in accordance with U.S. GAAP.

(bb)

Segment reporting

The Group has organized its continuing operations into two operating segments. The segments reflect the way the Group evaluates its business performance and manages its operations by the Group’s chief operating decision maker (“CODM”) for making decisions, allocating resources and assessing performance. The Group’s CODM has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group.

The Group has two reportable segments from continuing operations, including automotive after-sales service business and insurance intermediation service business. The Group considers a “management approach” concept as the basis for identifying reportable segments. The management approach is based on the way that management organizes the segments within the Group for making operating decisions, allocating resources, and assessing performance. The Group’s reportable segments are strategic business units that offer different services and are managed separately because each business requires different technology and marketing strategies. As the Group’s long-lived assets are substantially located in the PRC, no geographical segments are presented.

(cc)

Comprehensive income/(loss)

Comprehensive income (loss) is comprised of the Group’s net income (loss) and other comprehensive income (loss). The components of other comprehensive income (loss) consist of foreign currency translation adjustments.

(dd)

Recent accounting pronouncements

In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses”, which will require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Subsequently, the FASB issued ASU No. 2018-19, Codification Improvements to Topic 326, to clarify that receivables arising from operating leases are within the scope of lease accounting standards. Further, the FASB issued ASU No. 2019-04, ASU 2019-05, ASU 2019-10, ASU 2019-11 and ASU 2020- 02 to provide additional guidance on the credit losses standard. For all other entities, the amendments for ASU 2016-13 are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, with early adoption permitted. Adoption of the ASUs is on a modified retrospective basis. The Group will adopt ASU 2016-13 on January 1, 2023. The Group is in the process of evaluating the effect of the adoption of this ASU.

Other accounting standards that have been issued by FASB that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. The Group does not discuss recent standards that are not anticipated to have an impact on or are unrelated to its consolidated financial condition, results of operations, cash flows or disclosures.

Taxation (Details) - Schedule of Income Tax Provision - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Income Tax Provision [Abstract]
Current income tax expenses	$ 926	$ 1,139	$ 2,182	$ 2,062	$ 4,028
Deferred income tax benefit	(76)	(249)	(1,951)	(1,124)	(2,276)
Total income tax expense	$ 850	$ 890	$ 231	$ 938	$ 1,752

Organization and Principal Activities (Details) - Schedule of Net Income Per Ordinary Share - Basic and Diluted	6 Months Ended
	Jun. 30, 2023 $ / shares
Before Adjustment [Member]
Net income from continuing operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
Net income from continuing operation - Basic	$ 0.01
Net loss from discontinued operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
Net income from discontinuing operation - Basic
Net income attributable to SunCar Technology’s ordinary shareholders per ordinary share
Net income - Basic	0.01
After Adjustment [Member]
Net income from continuing operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
Net income from continuing operation - Basic	0.04
Net loss from discontinued operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
Net income from discontinuing operation - Basic	(0.01)
Net income attributable to SunCar Technology’s ordinary shareholders per ordinary share
Net income - Basic	$ 0.03

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-10

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 52
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482635/260-10-55-52

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

+ Details

- Definition

The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-03(13))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-1

Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(20))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 15: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

- Definition

Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation.

+ References + Details

Accounts Receivable, Net

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Accounts Receivable, Net [Abstract]

ACCOUNTS RECEIVABLE, NET

5. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:

	December 31,			June 30,
	2022			2023
Accounts receivable		110,967			95,783
Allowance for doubtful accounts	$	(25,348	)	$	(21,190	)
Accounts receivable, net	$	85,619		$	74,593

The Group recognized bad debt expense of $245 and reversed bad debt expense of $3,694 for the six months ended June 30, 2022 and 2023. The difference of bad debt expense for the six months ended June 30, 2022 and 2023, and the allowance for doubtful accounts as of June 30, 2022 and 2023 was due to different exchange rate.

The movement of allowance for doubtful accounts for the six months ended June 30, 2022 and 2023 were as following:

	For the Six Months Ended June 30,
	2022			2023
Balance at the beginning of the period	$	-		$	25,348
Adoption of ASC326		-			637
Additions		245			-
Reversal		-			(3,694	)
Foreign currency translation		(8	)		(1,101	)
Balance at the end of the period	$	237		$	21,190

5.	ACCOUNTS RECEIVABLE, NET

Accounts receivable, net consisted of the following:

	December 31,
	2021		2022
Accounts receivable	$	85,637	$	110,967
Allowance for doubtful accounts		-		(25,348	)
Accounts receivable, net	$	85,637	$	85,619

The Group recognized bad debt expense of nil, nil and $25,981 for the years ended December 31, 2020, 2021 and 2022. The difference of bad debt expense for the year ended December 31, 2022, and the allowance for doubtful accounts as of December 31, 2022 was due to different exchange rate.

The movement of allowance for doubtful accounts for the years ended December 31, 2020, 2021 and 2022 were as following:

	For the years ended December 31,
	2020		2021		2022
Balance at the beginning of the year	$	-	$	-	$	-
Additions		-		-		25,981
Foreign currency translation		-		-		(633	)
Balance at the end of the year	$	-	$	-	$	25,348

Accounting Policies, by Policy (Policies)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Accounting Policies [Abstract]

Basis of presentation

(a) Basis of presentation

(a)

Basis of presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).

Use of estimates

(b) Use of estimates

(b)

Use of estimates

Accounts receivable, net

(c) Accounts receivable, net

Adoption of Accounting Standards Update (“ASU”) 2016-13

(e)

Accounts receivable, net

Fair value measurement

(d) Fair value measurement

●

Level 1—Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

●

Level 2—Include other inputs that are directly or indirectly observable in the marketplace.

●

Level 3—Unobservable inputs which are supported by little or no market activity.

The Group’s non-financial assets, such as software and equipment, would be measured at fair value only if they were determined to be impaired.

(m)

Fair value measurement

●

Level 1—Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.

●

Level 2—Include other inputs that are directly or indirectly observable in the marketplace.

●

Level 3—Unobservable inputs which are supported by little or no market activity.

Financial assets and liabilities of the Group primarily consist of cash, accounts receivable, other receivables included in prepayments and other current assets, short-term borrowings, accounts payable, other payables included in accrued expenses and other current liabilities. As of December 31, 2021 and 2022, the carrying amounts of other financial instruments approximated to their fair values due to the short-term maturity of these instruments.

The Group’s non-financial assets, such as software and equipment, would be measured at fair value only if they were determined to be impaired.

Revenue recognition

(e) Revenue recognition

The Group’s revenues are mainly generated from providing automotive after-sales service, insurance intermediation service and technology service.

Identification of the contract, or contracts, with the customer;

Identification of the performance obligations in the contract;

Determination of the transaction price;

Allocation of the transaction price to the performance obligations in the contract; and

Recognition of the revenue when, or as, a performance obligation is satisfied.

Automotive after-sales service

Insurance intermediation service

Technology service

Contract Balances

(n)

Revenue recognition

The Group’s revenues are mainly generated from providing automotive after-sales service, insurance intermediation service, technology service and financial leasing service.

	1.	Identification of the contract, or contracts, with the customer;

	2.	Identification of the performance obligations in the contract;

	3.	Determination of the transaction price;

	4.	Allocation of the transaction price to the performance obligations in the contract; and

	5.	Recognition of the revenue when, or as, a performance obligation is satisfied.

Automotive after-sales service

Insurance intermediation service

Technology service

The Group’s revenue are disaggregated by timing of revenue recognition as follows:

	For the years ended December 31,
	2020		2021		2022
Revenue recognized at a point of time	$	238,399	$	244,646	$	266,934
Revenue recognized over time		526		4,589		15,479
Revenues	$	238,925	$	249,235	$	282,413

Contract Balances

Warrants

(f) Warrants

Foreign currency transactions and translations

(g) Foreign currency transactions and translations

	December 31, 2022		June 30, 2023
Balance sheet items, except for equity accounts		6.8972		7.2513

	For the Six Months Ended June 30,
	2022		2023
Items in the statements of income and comprehensive income, and statements of cash flows		6.4835		6.9283

No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation.

(x)

Foreign currency transactions and translations

	As of December 31,
	2021		2022
Balance sheet items, except for equity accounts		6.3726		6.8972

	For the Years Ended December 31,
	2020		2021		2022
Items in the statements of operations and comprehensive loss, and statements of cash flows		6.9042		6.4508		6.7290

No representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the rates used in translation.

Recent accounting pronouncements

(h) Recent accounting pronouncements

(dd)

Recent accounting pronouncements

Cash

(c)

Cash

Restricted cash

(d)

Restricted cash

Short-term investment

(f)

Short-term investment

Software and equipment, net

(g)

Software and equipment, net

Category	Estimated useful lives	Residual value
Vehicles	3-5 years	5%
Office equipment and furniture	3-5 years	5%
Electronic equipment	3 years	5%
Computer software	5, 10 years	nil
Leasehold improvements	Over the shorter of lease term or the estimated useful lives of the assets	nil
Others	3-10 years	5%

Computer software

Impairment of long-lived assets

(h)

Impairment of long-lived assets

Long-term investments

(i)

Long-term investments

Accounts payable

(j)

Accounts payable

Short-term loan

(k)

Short-term loan

Short-term loan represents the Group’s borrowings from commercial banks for the Group’s working capital. Short-term loan includes borrowings with maturity terms shorter than one year.

Related party

(l)

Related Party

Integrated service cost

(o)

Integrated service cost

Promotional service expense

(p)

Promotional service expenses

Research and development expense

(q)

Research and development expense

Government grants

(r)

Government grants

Share-based compensation

(s)

Share-based compensation

Employee benefits

(t)

Employee benefits

Leases

(u)

Leases

Operating lease ROU assets

Operating lease liabilities

Income taxes

(v)

Income taxes

Value added tax (“VAT”)

(w)

Value added tax (“VAT”)

Non-controlling interest

(y)

Non-controlling interest

Earnings/(Loss) per share

(z)

Earnings/(Loss) per share

Discontinued operations

(aa)

Discontinued operations

(1)

the component of an entity or group of components of an entity meets the criteria to be classified as held for sale;

(2)

the component of an entity or group of components of an entity is disposed of by sale;

(3)

the component of an entity or group of components of an entity is disposed of other than by sale (for example, by abandonment or in a distribution to owners in a spinoff).

Segment reporting

(bb)

Segment reporting

Comprehensive income/(loss)

(cc)

Comprehensive income/(loss)

Summary of Significant Accounting Policies (Details) - Schedule of Revenue are Disaggregated - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Consolidated Financial Statements [Abstract]
Revenues	$ 159,378,000	$ 124,728,000	$ 282,413,000	$ 249,235,000	$ 238,925,000
Balance sheet items, except for equity accounts			6,897.2000	6,372.6000
Items in the statements of operations and comprehensive loss, and statements of cash flows			6,729	6,450.8000	6,904.2000
Transferred at Point in Time [Member]
Schedule of Consolidated Financial Statements [Abstract]
Revenues			266,934,000	244,646,000	238,399,000
Transferred over Time [Member]
Schedule of Consolidated Financial Statements [Abstract]
Revenues			$ 15,479,000	$ 4,589,000	$ 526,000

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

+ References

+ Details

Borrowings (Details) - Schedule of Short-Term Borrowings - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Short-Term Debt [Line Items]

Total

$ 74,653

$ 69,030

Huaxia Bank Shanghai Branch Sales Department [Member]

Short-Term Debt [Line Items]

Maturity

August to September, 2023

Total

$ 11,567

15,692

Huaxia Bank Shanghai Branch Sales Department [Member] | Minimum [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

2.00%

Huaxia Bank Shanghai Branch Sales Department [Member] | Maximum [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

4.75%

China Merchants Bank Shanghai Damuqiao Branch [Member]

Short-Term Debt [Line Items]

Maturity

February to May, 2023

Total

$ 9,961

7,783

China Merchants Bank Shanghai Damuqiao Branch [Member] | Minimum [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

4.80%

China Merchants Bank Shanghai Damuqiao Branch [Member] | Maximum [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

5.30%

China Minsheng Bank Shanghai Jiujiang Branch [Member]

Short-Term Debt [Line Items]

Maturity

January to July, 2023

Total

$ 7,249

7,736

China Minsheng Bank Shanghai Jiujiang Branch [Member] | Minimum [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

3.70%

China Minsheng Bank Shanghai Jiujiang Branch [Member] | Maximum [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

3.85%

Bank of Communications Shanghai Putuo Branch [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

4.79%

Maturity

^[1]

January, 2023

Total

^[1]

$ 7,249

7,846

Putuo Branch of Shanghai Pudong Development Bank [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

4.60%

Maturity

^[1]

April, 2023

Total

^[1]

$ 4,350

2,354

Bank of Dalian Shanghai Jing’an Sub-branch [Member]

Short-Term Debt [Line Items]

Maturity

^[1]

March to May, 2023

Total

^[1]

$ 4,350

4,708

Bank of Dalian Shanghai Jing’an Sub-branch [Member] | Minimum [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

4.31%

Bank of Dalian Shanghai Jing’an Sub-branch [Member] | Maximum [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

5.12%

Bank of Beijing Shanghai Zhangjiang Sub-branch [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

4.80%

Maturity

^[1]

December, 2023

Total

^[1]

$ 4,350

3,138

China Construction Bank Shanghai Jing’an Branch [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

3.70%

Maturity

^[1]

June, 2023

Total

^[1]

$ 4,350

1,569

Bank of China Shanghai Gonghexin Road Sub-branch [Member]

Short-Term Debt [Line Items]

Maturity

^[2]

March to November, 2023

Total

^[2]

$ 4,277

3,923

Bank of China Shanghai Gonghexin Road Sub-branch [Member] | Minimum [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[2]

3.65%

Bank of China Shanghai Gonghexin Road Sub-branch [Member] | Maximum [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[2]

4.22%

Bank of Nanjing North Bund Branch [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

5.50%

Maturity

^[1]

January, 2023

Total

^[1]

$ 3,625

Huangpu Branch of Bank of Shanghai [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[2]

4.70%

Maturity

^[2]

February, 2023

Total

^[2]

$ 2,900

2,354

Industry bank Shanghai Zhijiang Branch [Member[

Short-Term Debt [Line Items]

Maturity

^[1]

February, 2023

Total

^[1]

$ 2,900

Industry bank Shanghai Zhijiang Branch [Member[ | Minimum [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

4.65%

Industry bank Shanghai Zhijiang Branch [Member[ | Maximum [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

5.05%

ICBC Shanghai Zhang Jiang high tech Park Branch [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

3.30%

Maturity

^[1]

September, 2023

Total

^[1]

$ 2,610

Xiamen International Bank Shanghai Jinqiao Branch [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

5.20%

Maturity

^[1]

June, 2023

Total

^[1]

$ 1,450

China CITIC Bank Shanghai Pudian Road Branch [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

4.65%

Maturity

April, 2023

Total

$ 1,435

Bank of Beijing Shanghai Branch [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

4.31%

Maturity

March, 2023

Total

$ 1,160

785

Shanghai Rural Commercial Bank Minhang Branch [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[2]

5.20%

Maturity

^[2]

June, 2023

Total

^[2]

$ 870

942

Shanghai Rural Commercial Bank Bund Branch [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

4.80%

Maturity

^[1]

February to March, 2022

Total

^[1]

5,492

Fubon Huayi Bank Shanghai Jing’an Branch [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

5.60%

Maturity

January, 2022

Total

785

Zheshang Bank Shanghai Branch Sales Department [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

^[1]

6.00%

Maturity

^[1]

October, 2022

Total

^[1]

3,138

ICBC Xinzha Road Branch [Member]

Short-Term Debt [Line Items]

Annual Interest Rate

3.85%

Maturity

March, 2022

Total

$ 785

[1]	The bank borrowings were guaranteed by SUNCAR Online, one of subsidiaries of SunCar.
[2]	The bank borrowings were guaranteed by Shengda Automobile, one of subsidiaries of SunCar.

Related Party Transactions (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Schedule of Related Parties Transaction

The table below sets forth the major related parties and their relationships with the Group as of December 31, 2022 and June 30, 2023:

Name of related parties		Relationship with the Group
Shengda Group		An entity ultimately controlled by Mr. Ye Zaichang, SunCar’s Chief Executive Officer
Automobile Service Group Ltd.		Principal shareholder of the Company

The table below sets forth the major related parties and their relationships with the Group as of December 31, 2021 and December 31, 2022:

Name of related parties		Relationship with the Group
Shengda Group		An entity ultimately controlled by Mr. Ye Zaichang, SunCar’s Chief Executive Officer

Schedule of Balances with Related Parties

Balances with related parties

	December 31,		June 30,
	2022		2023

Shengda Group
Payables due to the transfer of SUNCAR Online (1)	$	40,854	$	-
Others (2)		4,710		-
Automobile Service Group Ltd. (3)		-		168
Current	$	45,564	$	168

Shengda Group
Payables due to the transfer of SUNCAR Online (1)	$	-	$	38,892
Others (2)		-		4,438
Non-current	$	-	$	43,330

(1)

On December 3, 2021, Shengda Group transferred all of its equity interest, which was 55.09% as of the transfer date, of SUNCAR Online to Shanghai Feiyou, at price RMB4 per share, totaling RMB282 million. Upon completion of the transfer, Shanghai Feiyou is liable to Shengda Group RMB282 million for the transfer of SUNCAR Online. As a result of the disposal of Shengda Group, Shengda Group became the related party of the Group, and the balance due to Shengda Group was not eliminated on the consolidated level but presented as amount due to a related party. On March 1, 2022, the Group entered into a share purchase agreement (the “SPA”) with an affiliate of Mr. Ye, the Group’s Chairman of the Board of Directors to transfer the total equity of Shengda Group with the consideration of RMB 1. Pursuant to the SPA, the Group agreed to repay the debt owed to Shengda Group by full before June 1, 2023.

(2)

Other payables were for the ordinary course of operation, which were interest free, unsecure and could be settled on demand. In April 2023, the Group negotiated with Shengda Group and consented to have an extension of payment to extend the repayment date to December 31, 2025, with annual interest rate of 1% from June 1, 2023 to December 31, 2025. Therefore, the Group reclassified the balance to non-current portion after the extension.

(3)

Other payables were for the ordinary course of operation, which were interest free, unsecure and could be settled on demand.

Amount due to a related party

	December 31,
	2021		2022

Shengda Group
Payables due to the transfer of SUNCAR Online (1)	$	-	$	40,854
Other payables (2)		-		4,710
	$	-	$	45,564

(1)

(2)	Other payables to Shengda Group were for the ordinary course of operation, which were interest free, unsecure and could be settled on demand.

Taxation (Details) - Schedule of Deferred Tax Assets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Temporary difference in accounts receivable recognition	$ 5,092	$ 5,353	$ 5,794
Temporary difference in research and development costs	3,983	3,738	4,211
Net operating loss carried forward	8,635	7,676	4,142
Share-based compensation	185	78	253
Allowance for doubtful accounts	3,210	3,802
Total deferred tax assets	21,105	20,647	14,400
Valuation allowance	(8,475)	(7,577)	(2,314)
Deferred tax assets, net of valuation allowance	$ 12,630	$ 13,070	$ 12,086

Equity

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Equity [Abstract]

EQUITY

11. EQUITY

Private Placement

On May 19, 2023, the Company entered into a Share Subscription Agreement with a certain non-U.S. person, Anji Zerun Private Equity Investment Partnership (Limited Partnership) (the “Investor”) pursuant to which the Company agreed to sell to the Investor, and the Investor agreed to purchase from the Company, in a private placement 2,173,657 Class A ordinary shares, par value $0.0001 per share, of the Company (the “Purchased Shares”), at the total consideration of US$21,737. The excess of par value per share of the consideration was accounted for as additional paid-in capital of US$21,737.

Shares issued to Trans Asia

Trans Asia Capital Management Ltd. (“Trans Asia”) acted as a finder in seeking appropriate special purpose acquisition companies (“SPACs”) for the Company’s de-SPAC transaction. For its work, Trans Asia received 160,000 Class A Ordinary Shares issued by the Company after the completion of the merger.

Shares converted from the extension cost of GBRG

Before the completion of the Business Combination, Auto Services Group Limited made the payment for GBRG to extend the period of time for GBRG to consummate the Business Combination. As of May 17, 2023, the Closing Date, the advance for deferred cost of Business Combination was of $1,499, and was expected to converted into ordinary shares at a price of US$10 per share. As of the date of issuance of the unaudited condensed consolidated financial statements, the Company did not complete the registration and issuance of the shares.

13.

EQUITY

On November 4, 2022, SunCar entered into a Share Purchase Agreement (the “GEM Purchase Agreement”) with GEM Global Yield LLC SCS (“GEM Investor”) and GEM Yield Bahamas Limited (“GYBL”) relating to a share subscription facility. Pursuant to the GEM Purchase Agreement, SunCar has the right to sell to GEM Investor up to $125 million of its ordinary shares (the “Draw Down Shares”) for a 36-month period following a public listing of the Group’s ordinary shares (the “Investment Period”). GEM Investor would pay 90% of the average daily closing price during the pricing period, which is a 30-day period after SunCar turns a draw-down notice to GEM Investor.

In addition, in connection with the execution of the GEM Purchase Agreement and as consideration for GEM Investor’s irrevocable commitment to purchase the Draw Down Shares, SunCar has agreed to make a warrant (the “GEM Warrant”) granting GYBL the right, during the Investment Period, to purchase the SunCar’s ordinary shares up to the equivalent of 3.3% of the total equity interests outstanding immediately after the completion of SunCar’s public listing, calculated on a fully diluted basis. The exercise price of the GEM Warrant $11.50 per share in the case SunCar consummates a merger transaction with Goldenbridge Acquisition Limited, and priced customarily in the absence of the consummation of such a merger. The GEM Warrant may be exercised only on cash basis.

As of December 31, 2022, as SunCar did not consummated the merger transaction with Goldenbridge Acquisition Limited, the GEM Purchase Agreement did not have any financial impact on the Group’s consolidated financial statements.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481004/946-505-50-6

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480237/815-40-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480008/505-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

+ Details

Organization and Principal Activities (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Organization and Principal Activities [Abstract]

Schedule of Net Income Per Ordinary Share - Basic and Diluted

The net income per share before and after the retrospective adjustments are as follows.

	For the Six Months Ended June 30, 2022
	Before adjustment		After adjustment
Net income from continuing operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
—Basic and diluted	$	0.01	$	0.04

Net loss from discontinued operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
—Basic and diluted	$	-	$	(0.01	)

Net income attributable to SunCar Technology’s ordinary shareholders per ordinary share
—Basic and diluted	$	0.01	$	0.03

Schedule of Major Subsidiaries

As of December 31, 2022, SunCar’s major subsidiaries are as follows:

Name	Date of Incorporation	Place of Incorporation	Percentage of Effective Ownership			Principal Activities
Shanghai Xuanbei Automobile Service Co., Limited (“Shanghai Xuanbei”)	April 26, 2018	PRC		100.00	%	Automotive after-sales service
Shanghai Shengshi Dalian Automobile Service Co., Limited (“Shengda Automobile”)	June 8, 2013	PRC		84.89	%	Automotive after-sales service
Sun Car Online Insurance Agency Co., Ltd. (“SUNCAR Online”)	December 5, 2007	PRC		56.51	%	Insurance intermediation service
Haiyan Trading (Shanghai) Co., Limited (“Haiyan”)	November 22, 2012	PRC		100.00	%	Holding company
Shanghai Feiyou Trading Co., Limited (“Shanghai Feiyou”)	June 11, 2009	PRC		100.00	%	Technology services

Convertible Preferred Shares

12 Months Ended

Dec. 31, 2022

Accrued Expenses and Other Liabilities [Abstract]

CONVERTIBLE PREFERRED SHARES

12.

CONVERTIBLE PREFERRED SHARES

SunCar completed several rounds of equity financing and issued the following convertible preferred shares during 2010 to 2012. As of December 31, 2022, the following were issued and outstanding: 45,614,646 Series A convertible preferred shares, 27,053,437 limited Series A convertible preferred shares and 121,000,531 Series B convertible preferred shares. There were no changes to the issued and outstanding convertible preferred shares during the years ended December 31, 2021 and 2022. The powers, preferences, rights, restrictions and other matters relating to the Convertible Preferred Shares are as follows:

Dividend Rights

The holders of the Convertible Preferred Shares shall be entitled to receive dividends, out of any assets legally available therefor, at the rate of eight percent (8%) of the applicable Original Issue Price per Share per annum. Such dividends shall be payable when, as and if declared by the Board, and shall not be cumulative.

Conversion Rights

Subject to and in compliance with the Act, the holders of the Convertible Preferred Shares have conversion rights as follows:

	(i)	Optional Conversion: Each Convertible Preferred Share shall be convertible, at the option of the holder thereof without payment of additional consideration, at any time after the date of issuance of such Share and before the closing of a Qualified IPO, into such number of fully paid and non-assessable Ordinary Shares as determined by, with respect to each Convertible Preferred Share, dividing the applicable original issue price by the then applicable conversion price, determined as hereinafter provided, in effect at the time of the conversion.

	(ii)	Automatic Conversion: Each outstanding Convertible Preferred Share shall automatically be converted into Ordinary Shares at the then applicable effective conversion price upon the closing of a Qualified IPO duly approved by the Board.

The initial conversion ratio for the Convertible Preferred Shares to Ordinary Shares shall be 1:1, and no adjustment in the conversion price of a particular series of Convertible Preferred Shares shall be made in respect of the issuance of additional shares unless the issue price per share for an additional share issued or deemed to be issued by SunCar is less than the applicable conversion price with respect to such series of Convertible Preferred Shares in effect on the date of and immediately prior to such issue.

Voting Rights

Each Convertible Preferred Share holder shall carry a number of votes equal to the number of Ordinary Shares then issuable upon its conversion into ordinary shares at the record date for determination of the shareholders entitled to vote on such matters, or, if no such record date is established, at the date such vote is taken or any written consent of shareholders is solicited. The holders of the Convertible Preferred Shares shall vote together with the holders of the Ordinary Shares, and not as a separate class.

Liquidation Preferences

In the event of any liquidation, dissolution or winding up of SunCar, whether voluntary or involuntary, firstly,

	(i)	Before any distribution or payment shall be made to the holders of any Series A Convertible Preferred Shares or the holders of the Ordinary Shares, the holders of Series B Convertible Preferred Shares shall be entitled to receive a per share amount equal to one hundred and thirty percent (130%) of the Series B Original Issue Price, as applicable, plus any declared but unpaid dividends, proportionately adjusted for share splits, share dividends, recapitalizations and the like with respect thereto (the “Series B Preference Amount”).

	(ii)	After any distribution or payment is made in full to Series B Investors, but before any distribution or payment shall be made to the holders of any Ordinary Shares, the holders of the Series A Shares would be entitled pro rata to receive in preference to the holders of the Ordinary Shares a per share amount equal to 120% the Series A Original Issue Price (the “Series A Preference Amount”) and any declared but unpaid dividends, proportionately adjusted for share splits, share dividends, recapitalizations and the like.

Accounts Receivable, Net (Details) - Schedule of Allowance for Doubtful Accounts - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Allowance of Doubtful Accounts [Abstract]
Balance at the beginning of the period	$ 25,348
Additions			25,981
Foreign currency translation	(1,101)	(8)	(633)
Balance at the end of the period	$ 21,190	$ 237	$ 25,348

Taxation (Details) - Schedule of Net Operating Loss Carryforwards - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Net Operating Loss Carryforwards [Abstract]
Total	$ 35,848	$ 676
Tax Year 2023 [Member]
Schedule of Net Operating Loss Carryforwards [Abstract]
Total	643
TaxYear2024 [Member]
Schedule of Net Operating Loss Carryforwards [Abstract]
Total	2,017
TaxYear2025 [Member]
Schedule of Net Operating Loss Carryforwards [Abstract]
Total	5,263
TaxYear2026 [Member]
Schedule of Net Operating Loss Carryforwards [Abstract]
Total	5,397
TaxYear2027 [Member]
Schedule of Net Operating Loss Carryforwards [Abstract]
Total	16,817
TaxYear2028 [Member]
Schedule of Net Operating Loss Carryforwards [Abstract]
Total	$ 5,711

Discontinued Operations (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Discontinued Operations [Abstract]

Schedule of Discontinued Operations, Net of Tax

The comparative consolidated statements of operations have been represented to show the discontinued operations separately from continuing operations. Details of the results from discontinued operations, net of tax are set out below:

	For the Six Months Ended June 30,
	2022*			2023
Interest income	$	147		$	-
Interest cost and operating expenses		(1,177	)		-
Loss from discontinued operations before income tax		(1,030	)		-
Income tax expense		(1	)		-
Net Loss from discontinued operations, net	$	(1,031	)	$	-

The result of discontinued operations included those of discontinued operations from January 1, 2022 to March 1, 2022.

	For the years ended December 31,
	2020			2021			2022*

Interest income	$	3,280		$	1,884		$	142
Interest cost		(5,916	)		(7,322	)		(457	)
Net interest loss		(2,636	)		(5,438	)		(315	)

Operating expenses
Selling expenses		(535	)		(235	)		(22	)
General and administrative expenses		(11,168	)		(12,998	)		(760	)
Total operating expenses		(11,703	)		(13,233	)		(782	)

Operating loss		(14,339	)		(18,671	)		(1,097	)

Other income (expenses)
Financial expenses, net		(719	)		(604	)		(70	)
Investment income/(loss)		(1,778	)		6			-
Other income, net		553			878			174
Total other (expenses) income, net		(1,944	)		280			104

Loss before income tax expense		(16,283	)		(18,391	)		(993	)
Income tax expense		(114	)		(9,291	)		(1	)
Loss from discontinued operations, net		(16,397	)		(27,682	)		(994	)

Less: Net loss attributable to non-controlling interests		(1	)		(19	)		-

Net loss from discontinued operations attributable to SunCar’s ordinary shareholders	$	(16,396	)	$	(27,663	)	$	(994	)

The result of discontinued operations included those of discontinued operations from January 1, 2022 to March 1, 2022.

Schedule of classes of assets and liabilities of discontinued operations

The carrying amount of the major classes of assets and liabilities of discontinued operations presented in the consolidated balance sheets as of December 31, 2021 and 2022 consisted of the following:

	As of December 31,
	2021		2022

ASSETS
Current assets
Cash	$	570	$	-
Prepaid expenses and other current assets		3,305		-
Total current assets		3,875		-

Noncurrent assets
Long-term investment		169		-
Long-term receivables		4,597		-
Property, plant and equipment, net		234		-
Total noncurrent assets		5,000		-

TOTAL ASSETS		8,875		-

LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities
Short-term loan		1,569		-
Accounts payable		161		-
Advance from customers		470		-
Accrued expenses and other current liabilities		15,726		-
Tax payable		9,408		-
Total current liabilities		27,334		-

Noncurrent liabilities
Other long-term liabilities		52,659		-
Total noncurrent liabilities		52,659		-

Total liabilities	$	79,993	$	-

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483475/205-20-45-11

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-3A

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-4A

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-4B

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-5A

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-5B

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-5C

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5D
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-5D

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-7

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-3A

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 20
-Topic 205
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-1

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-3

+ Details

Non-Controlling Interests (Details)				12 Months Ended
Non-Controlling Interests (Details)	Oct. 26, 2021 USD ($)	Oct. 26, 2021 CNY (¥)	Nov. 24, 2020 USD ($) $ / shares ¥ / shares shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Jun. 30, 2023 USD ($)	Mar. 01, 2022 CNY (¥)	Nov. 24, 2020 CNY (¥)
Non-Controlling Interests (Details) [Line Items]
Individual investor			$ 33,097,000						¥ 216,000,000
Share amount (in Shares) \| shares			8,400,001
Purchase price (in Yuan Renminbi per share) \| ¥ / shares			$ 25.71
Purchase price per share (in Dollars per share) \| $ / shares			$ 3.94
Total equity interest percentage			14.38%						14.38%
Additional paid-in capital (in Dollars)			$ 14,432,000	$ 95,764,000		$ 867,000	$ 114,084,000	¥ 21,059,000
Subsidiary owned	100.00%	100.00%		100.00%		100.00%
Variable interest percentage					0.99%	0.39%
Non-controlling interest				0.26%	0.99%	0.39%
Non-controlling interest	$ 6,620	¥ 42,702				$ 223,000
Non-controlling interest (in Dollars)				$ 234	$ 948,000
Dividend paid	$ 15,859	¥ 102,304
SunCar [Member]
Non-Controlling Interests (Details) [Line Items]
Additional paid-in capital (in Dollars)				$ 276	$ 236,000
Variable interest percentage					100.00%
Jiarui and Haiyan [Member]
Non-Controlling Interests (Details) [Line Items]
Subsidiary owned				100.00%
Minimum [Member]
Non-Controlling Interests (Details) [Line Items]
Variable interest percentage				0.01%
Maximum [Member]
Non-Controlling Interests (Details) [Line Items]
Variable interest percentage				0.25%

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Class A Ordinary Shares
Ordinary shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Ordinary shares shares authorized	400,000,000	400,000,000
Ordinary shares shares issued	36,058,102	30,371,435
Ordinary shares shares outstanding	36,058,102	30,371,435
Class B Ordinary Shares
Ordinary shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Ordinary shares shares authorized	100,000,000	100,000,000
Ordinary shares shares issued	49,628,565	49,628,565
Ordinary shares shares outstanding	49,628,565	49,628,565
Previously Reported
Ordinary shares, par value (in Dollars per share)		$ 0.00005	$ 0.00005
Ordinary shares shares authorized		746,578,037	746,578,037
Ordinary shares shares issued		225,000,000	225,000,000
Ordinary shares shares outstanding		225,000,000	225,000,000
Convertible preferred shares par value (in Dollars per share)		$ 0.00005	$ 0.00005
Previously Reported \| Series A preferred shares
Convertible Preferred shares authorized		45,614,646	45,614,646
Convertible Preferred shares issued		45,614,646	45,614,646
Convertible Preferred shares outstanding		45,614,646	45,614,646
Previously Reported \| Limited Series A preferred shares
Convertible Preferred shares authorized		27,053,437	27,053,437
Convertible Preferred shares issued		27,053,437	27,053,437
Convertible Preferred shares outstanding		27,053,437	27,053,437
Previously Reported \| Series B Preferred Stock [Member]
Convertible Preferred shares authorized		121,000,531	121,000,531
Convertible Preferred shares issued		121,000,531	121,000,531
Convertible Preferred shares outstanding		121,000,531	121,000,531

Subsequent Events

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

18. SUBSEQUENT EVENTS

The Group has evaluated subsequent events through September 30, 2023, the date of issuance of the unaudited condensed consolidated financial statements, and did not identify any other subsequent events with material financial impact on the Group’s unaudited condensed consolidated financial statements.

21.

SUBSEQUENT EVENTS

Reversal recapitalization

On May 17, 2023 (the “Closing Date”), the Company consummated the transaction pursuant to the Agreement and Plan of Merger (“Merger Agreement”) with Goldenbridge Acquisition Limited (the “Parent”, or “Goldenbridge”), SunCar Technology Group Inc. (the “Purchaser”), and SunCar Technology Global Inc (the “Merger Sub”), a Cayman Islands exempted company and wholly owned subsidiary of the Purchaser.

The merger was carried out in two steps:

(1)

Reincorporation Merger: the Parent was merged with and into the Purchaser, the separate corporate existence of Parent ceased and Purchaser continued as the surviving corporation;

(2)

Acquisition Merger: the Merger Sub was merged with and into the Company, the Merger Sub ceased and the Company continued as the surviving company in the Acquisition Merger.

Consideration of US$800 million was paid to the Company’s shareholders, payable in the form of a number of newly issued ordinary shares of the Purchaser, SunCar Technology Group Inc., valued at $10.00 per share. In addition, earn-out payment to Mr. Ye, the Chief Executive Officer of the Company as follows:

(1)

1,600,000 Purchaser Class A Ordinary Shares if the Company’s revenue equals or exceeds US$258,000,000 for the fiscal year ending December 31, 2022, as reflected on the audited consolidated financial statements of the Company as of and for the fiscal year ended December 31, 2022;

(2)

1,600,000 Purchaser Class A Ordinary Shares if the Company’s revenue equals or exceeds US$352,000,000 for the fiscal year ending December 31, 2023, as reflected on the audited consolidated financial statements of the Company as of and for the fiscal year ended December 31, 2023; and;

(3)

1,600,000 Purchaser Class A Ordinary Shares if the Company’s revenue equals or exceeds US$459,000,000 for the fiscal year ending December 31, 2024, as reflected on the audited consolidated financial statements of the Company as of and for the fiscal year ended December 31, 2024.

Following the consummation of the transaction, SunCar as a wholly-owned subsidiary of the Purchaser, and the combined company will retain the name of SunCar Technology Group Inc.

The Company was determined to be the accounting acquirer given the Company effectively controlled the combined entity after the transaction. The transaction is not a business combination under US GAAP because Goldenbridge was not a business. The transaction is accounted for as a reverse recapitalization, which is equivalent to the issuance of shares by the Company for the net monetary assets of Goldenbridge, accompanied by a recapitalization. The Company is determined as the predecessor and the historical financial statements of the Company became SunCar Technology Group Inc’s historical financial statements, with retrospective adjustments to give effect of the reverse recapitalization.

Extension of amount due to Shengda Group

On April 6, 2023, the Group entered into an extension agreement with Shengda Group to extended the maturity date of amount due to Shengda Group to December 31, 2025, with annual interest rate of 1% in the extension period from June 1, 2023 to December 31, 2025.

Private Placement

On May 19, 2023, SunCar Technology Group Inc. entered into a Share Subscription Agreement with a certain non-U.S. person, Anji Zerun Private Equity Investment Partnership (Limited Partnership) pursuant to which SunCar Technology Group Inc. agreed to sell to Anji, and Anji agreed to purchase from the SunCar Technology Group Inc., in a private placement 2,173,657 Class A ordinary shares, par value $0.0001 per share, of the Company (the “Anji Shares”), at the total consideration of US$21,736,569.25. The Purchased Shares are subject to a lock-up period of six (6) months.

The Group has evaluated subsequent events through June 30, 2023, the date of issuance of the consolidated financial statements, and did not identify any other subsequent events with material financial impact on the Group’s consolidated financial statements.

Leases (Details) - Schedule of Operating Leases within the Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Schedule of Operating Leases Within the Consolidated Balance Sheets [Abstract]
Operating lease right-of-use assets, net	$ 1,514	$ 344
Lease liabilities - current	624	315
Lease liabilities – non-current	796
Total operating lease liabilities	$ 1,420	$ 315

Accounts Receivable, Net (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Accounts Receivable, Net [Abstract]

Schedule of Accounts Receivable, Net

Accounts receivable, net consisted of the following:

	December 31,			June 30,
	2022			2023
Accounts receivable		110,967			95,783
Allowance for doubtful accounts	$	(25,348	)	$	(21,190	)
Accounts receivable, net	$	85,619		$	74,593

Accounts receivable, net consisted of the following:

	December 31,
	2021		2022
Accounts receivable	$	85,637	$	110,967
Allowance for doubtful accounts		-		(25,348	)
Accounts receivable, net	$	85,637	$	85,619

Schedule of Allowance for Doubtful Accounts

The movement of allowance for doubtful accounts for the six months ended June 30, 2022 and 2023 were as following:

	For the Six Months Ended June 30,
	2022			2023
Balance at the beginning of the period	$	-		$	25,348
Adoption of ASC326		-			637
Additions		245			-
Reversal		-			(3,694	)
Foreign currency translation		(8	)		(1,101	)
Balance at the end of the period	$	237		$	21,190

The movement of allowance for doubtful accounts for the years ended December 31, 2020, 2021 and 2022 were as following:

	For the years ended December 31,
	2020		2021		2022
Balance at the beginning of the year	$	-	$	-	$	-
Additions		-		-		25,981
Foreign currency translation		-		-		(633	)
Balance at the end of the year	$	-	$	-	$	25,348

Related Party Transactions

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

RELATED PARTY TRANSACTIONS

14. RELATED PARTY TRANSACTIONS

The table below sets forth the major related parties and their relationships with the Group as of December 31, 2022 and June 30, 2023:

Name of related parties		Relationship with the Group
Shengda Group		An entity ultimately controlled by Mr. Ye Zaichang, SunCar’s Chief Executive Officer
Automobile Service Group Ltd.		Principal shareholder of the Company

Balances with related parties

	December 31,		June 30,
	2022		2023

Shengda Group
Payables due to the transfer of SUNCAR Online (1)	$	40,854	$	-
Others (2)		4,710		-
Automobile Service Group Ltd. (3)		-		168
Current	$	45,564	$	168

Shengda Group
Payables due to the transfer of SUNCAR Online (1)	$	-	$	38,892
Others (2)		-		4,438
Non-current	$	-	$	43,330

(1)

(2)

(3)

Other payables were for the ordinary course of operation, which were interest free, unsecure and could be settled on demand.

18.

RELATED PARTY TRANSACTIONS

The table below sets forth the major related parties and their relationships with the Group as of December 31, 2021 and December 31, 2022:

Name of related parties		Relationship with the Group
Shengda Group		An entity ultimately controlled by Mr. Ye Zaichang, SunCar’s Chief Executive Officer

Balances with related parties

Amount due to a related party

	December 31,
	2021		2022

Shengda Group
Payables due to the transfer of SUNCAR Online (1)	$	-	$	40,854
Other payables (2)		-		4,710
	$	-	$	45,564

(1)

(2)	Other payables to Shengda Group were for the ordinary course of operation, which were interest free, unsecure and could be settled on demand.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Taxation (Details) - Schedule of Deferred Tax Assets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Temporary difference in accounts receivable recognition	$ 5,092	$ 5,353	$ 5,794
Temporary difference in research and development costs	3,983	3,738	4,211
Net operating loss carried forward	8,635	7,676	4,142
Share-based compensation	185	78	253
Allowance for doubtful accounts	3,210	3,802
Total deferred tax assets	21,105	20,647	14,400
Valuation allowance	(8,475)	(7,577)	(2,314)
Deferred tax assets, net of valuation allowance	$ 12,630	$ 13,070	$ 12,086

Net Income (Loss) Per Share (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Net Income (Loss) Per Share [Abstract]

Schedule of Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the basic and diluted net income (loss) per share computation and provides a reconciliation of the numerator and denominator for the periods presented:

	For the Six Months Ended June 30,
	2022			2023
Numerator:
Net income (loss) from continuing operations attributable to SunCar Technology’s ordinary shareholders	$	3,155		$	(3,379	)
Net loss from discontinued operations attributable to SunCar Technology’s ordinary shareholders		(1,030	)		-
Numerator for basic and diluted net income (loss) per share calculation	$	2,125		$	(3,379	)

Denominator:
Weighted average number of ordinary shares		80,000,000			81,374,609

Net income (loss) from continuing operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
—Basic and diluted	$	0.04		$	(0.04	)

Net loss from discontinued operation attributable to SunCar Technology’s ordinary shareholders per ordinary share
—Basic and diluted	$	(0.01	)	$	0.00

Net income (loss) attributable to SunCar Technology’s ordinary shareholders per ordinary share
—Basic and diluted	$	0.03		$	(0.04	)

The following table sets forth the basic and diluted net income (loss) per share computation and provides a reconciliation of the numerator and denominator for the years presented:

	For the year ended December 31,
	2020			2021			2022
Numerator:
Net income/(loss) from continuing operations attributable to SunCar’s ordinary shareholders	$	3,403		$	3,942		$	(5,675	)
Net loss from discontinued operations attributable to SunCar’s ordinary shareholders		(16,396	)		(27,663	)		(994	)
Numerator for basic and diluted net loss per share calculation	$	(12,993	)	$	(23,721	)	$	(6,669	)

Denominator:
Weighted average number of ordinary shares		225,000,000			225,000,000			225,000,000
Incremental weighted average number of ordinary shares from assumed conversion of preferred shares using if-converted method		193,668,614			193,668,614			193,668,614

Net income/(loss) from continuing operations attributable to SunCar’s ordinary shareholders per ordinary share
—Basic	$	0.01		$	0.01		$	(0.03	)
—Diluted	$	0.01		$	0.01		$	(0.03	)

Net loss from discontinued operations attributable to SunCar’s ordinary shareholders per ordinary share
—Basic and diluted	$	(0.07	)	$	(0.12	)	$	0.00

Net loss attributable to SunCar’s ordinary shareholders per ordinary share
—Basic and diluted	$	(0.06	)	$	(0.11	)	$	(0.03	)

Borrowings

12 Months Ended

Dec. 31, 2022

Borrowings [Abstract]

BORROWINGS

9.	BORROWINGS

As of December 31, 2021 and 2022, the bank borrowings were for working capital and capital expenditure purposes. Short-term borrowings consisted of the following:

	Annual Interest				December 31,
	Rate			Maturity	2021		2022
Huaxia Bank Shanghai Branch Sales Department		2-4.75	%	August to September, 2023	$	15,692	$	11,567
China Merchants Bank Shanghai Damuqiao Branch		4.8-5.3	%	February to May, 2023		7,783		9,961
China Minsheng Bank Shanghai Jiujiang Branch		3.70-3.85	%	January to July, 2023		7,736		7,249
Bank of Communications Shanghai Putuo Branch(i)		4.79	%	January, 2023		7,846		7,249
Putuo Branch of Shanghai Pudong Development Bank(i)		4.60	%	April, 2023		2,354		4,350
Bank of Dalian Shanghai Jing’an Sub-branch(i)		4.31-5.12	%	March to May, 2023		4,708		4,350
Bank of Beijing Shanghai Zhangjiang Sub-branch⁽ⁱ⁾		4.80	%	December, 2023		3,138		4,350
China Construction Bank Shanghai Jing’an Branch(i)		3.70	%	June, 2023		1,569		4,350
Bank of China Shanghai Gonghexin Road Sub-branch(ii)		3.65-4.22	%	March to November, 2023		3,923		4,277
Bank of Nanjing North Bund Branch(i)		5.50	%	January, 2023		-		3,625
Huangpu Branch of Bank of Shanghai(ii)		4.70	%	February, 2023		2,354		2,900
Industry bank Shanghai Zhijiang Branch(i)		4.65-5.05	%	February, 2023		-		2,900
ICBC Shanghai Zhang Jiang high tech Park Branch(i)		3.30	%	September, 2023		-		2,610
Xiamen International Bank Shanghai Jinqiao Branch(i)		5.20	%	June, 2023		-		1,450
China CITIC Bank Shanghai Pudian Road Branch		4.65	%	April, 2023		-		1,435
Bank of Beijing Shanghai Branch		4.31	%	March, 2023		785		1,160
Shanghai Rural Commercial Bank Minhang Branch (ii)		5.20	%	June, 2023		942		870
Shanghai Rural Commercial Bank Bund Branch(i)		4.80	%	February to March, 2022		5,492		-
Fubon Huayi Bank Shanghai Jing’an Branch		5.60	%	January, 2022		785		-
Zheshang Bank Shanghai Branch Sales Department(i)		6.00	%	October, 2022		3,138		-
ICBC Xinzha Road Branch		3.85	%	March, 2022		785		-
Total					$	69,030	$	74,653

The interest expenses were $2,311, $3,476 and $3,809 for the years ended December 31, 2020, 2021 and 2022, respectively. The weighted average interest rates of short-term loans outstanding were 3.95%, 4.98% and 4.89% per annum as of December 31, 2020 2021 and 2022, respectively.

(i) The bank borrowings were guaranteed by SUNCAR Online, one of subsidiaries of SunCar.

(ii) The bank borrowings were guaranteed by Shengda Automobile, one of subsidiaries of SunCar.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Leases (Details) - Schedule of Other Information Related to Leases	Jun. 30, 2023	Dec. 31, 2022
Schedule of Other Information Related to Leases [Abstract]
Weighted-average remaining lease term	7 months 20 days	7 months 9 days
Weighted-average discount rate	4.30%	4.30%

Other Non-Current Assets

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Other Non-current Assets [Abstract]

OTHER NON-CURRENT ASSETS

8. OTHER NON-CURRENT ASSETS

Other non-current assets consisted of the following:

	December 31,		June 30,
	2022		2023
Private clouds in construction	$	13,629	$	16,881
Prepayment for equipment		794		386
	$	14,423	$	17,267

Other non-current assets primarily consisted of externally purchased private clouds under construction, which are construction in progress and were not available for use as of December 31, 2022 and June 30, 2023.

8.	OTHER NON-CURRENT ASSETS

Other non-current assets, consisted of the following:

	December 31,
	2021		2022

Private clouds in construction	$	21,893		13,629
IT systems in construction		1,634		-
Prepayment for equipment		858		794
	$	24,385		14,423

Leases (Details) - Schedule of Future Minimum Payments $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Schedule of Future Minimum Payments [Abstract]
2023	$ 348
Total lease payments	348
Less: imputed interest	(33)
Total	$ 315

Condensed Financial Information of the Parent Company (Details) - Schedule of Condensed Parent Company Statements of Operations - Parent Company [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating loss:
Share of loss of subsidiaries	$ (6,669)	$ (23,721)	$ (12,993)
Loss before income tax expense	(6,669)	(23,721)	(12,993)
Income tax expense
Net loss	$ (6,669)	$ (23,721)	$ (12,993)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482765/220-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-8

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480167/946-830-55-10

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483581/946-220-45-7

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-3

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 32: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483499/205-20-50-7

Reference 35: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482740/230-10-45-28

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1A

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1B

Reference 38: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 39: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

+ Details

Taxation

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Taxation [Abstract]

TAXATION

13. TAXATION

Cayman Islands

Under the current laws of the Cayman Islands, the Group is not subject to tax on income or capital gain. Additionally, upon payments of dividends to the shareholders, no Cayman Islands withholding tax will be imposed.

British Virgin Islands

The Company’s subsidiaries incorporated in the BVI are not subject to taxation in the British Virgin Islands.

Hong Kong

According to Tax (Amendment) (No. 3) Ordinance 2018 published by Hong Kong government, form April 1, 2018, under the two-tiered profits tax rates regime, the profits tax rate for the first HKD2 million of assessable profits will be lowered to 8.25% (half of the rate specified in Schedule 8 to the Inland Revenue Ordinance (IRO)) for corporations. China Auto Market was not subject to Hong Kong profit tax for any period presented as it did not have assessable profit during the periods presented.

PRC

Generally, the Group’s subsidiaries, which are considered PRC resident enterprises under PRC tax law, are subject to enterprise income tax (“EIT”) on their worldwide taxable income as determined under PRC tax laws and accounting standards at a rate of 25%. EIT grants preferential tax treatment to High and New Technology Enterprises (“HNTEs”) at a rate of 15%, subject to a requirement that they re-apply for HNTE status every three years. The Group’s subsidiaries, Shengda Automobile and Shanghai Chengle Network Technology Co., Ltd. were approved as a HNTE and is entitled to a reduced income tax rate of 15% beginning November 2018 and is valid till December 2024.

Continuing operations:

The income tax provision consisted of the following components:

	For the Six Months Ended June 30,
	2022			2023
Current income tax expenses		1,139			926
Deferred income tax benefit		(249	)		(76	)
Total income tax expense	$	890		$	850

A reconciliation between the Group’s actual provision for income taxes and the provision at the PRC, mainland statutory rate is as follows:

	For the Six Months Ended June 30,
	2022			2023
Income before income tax expense	$	7,613		$	1,986
Computed income tax expense with statutory tax rate		1,903			573
Additional deduction for R&D expenses		(257	)		(237	)
Tax effect of preferred tax rate		(766	)		(791	)
Tax effect of favorable tax rates on small-scale and low-profit entities		(5	)		(15	)
Tax effect of tax relief		(5	)		(2	)
Tax effect of non-deductible items		11			35
Tax effect due to the disposal of Shengda Group*		(3,868	)		-
Tax effect of deferred tax effect of tax rate change		-			(42	)
Changes in valuation allowance		3,877			1,329
Income tax expense	$	890		$	850

As of December 31, 2022 and June 30, 2023, the significant components of the deferred tax assets are summarized below:

	December 31,			June 30,
	2022			2023
Deferred tax assets:
Temporary difference in accounts receivable recognition	$	5,353		$	5,092
Temporary difference in research and development costs		3,738			3,983
Net operating loss carried forward		7,676			8,635
Share-based compensation		78			185
Allowance for doubtful accounts		3,802			3,210
Total deferred tax assets		20,647			21,105
Valuation allowance		(7,577	)		(8,475	)
Deferred tax assets, net of valuation allowance	$	13,070		$	12,630

Changes in valuation allowance are as follows:

	December 31,			June 30,
	2022			2023

Balance at beginning of the period	$	2,314		$	7,577
Additions		5,436			1,268
Foreign currency translation adjustments		(173	)		(370	)
Balance at end of the period	$	7,577		$	8,475

As of December 31, 2022 and June 30, 2023, the Group had net operating loss carryforwards of approximately $32,266 and $35,848, respectively, which arose from the Group’s subsidiaries in the PRC. As of December 31, 2022 and June 30, 2023, deferred tax assets from the net operating loss carryforwards amounted to $7,676 and $8,635, respectively, and the Group has provided a valuation allowance of $7,577 and $8,475 as of December 31, 2022 and June 30, 2023, respectively, for which it has concluded that it is more likely than not that these net operating losses would not be utilized in the future.

As of June 30, 2023, net operating loss carryforwards will expire, if unused, in the following amounts:

Remainder of 2023			643
2024			2,017
2025			5,263
2026			5,397
2027			16,817
2028			5,711
Total			35,848

16.

TAXATION

Cayman Islands

Hong Kong

PRC

According to Taxation [2019] No. 13 which was effective from January 1, 2019 to December 31, 2021 and Taxation [2021] No. 12 which was effective from January 1, 2021 to December 31, 2022, an enterprise is recognized as a small-scale and low-profit enterprise when its taxable income is less than RMB3 million. A small-scale and low-profit enterprise receives a tax preference including a preferential tax rate of 5% on its taxable income below RMB1 million and another preferential tax rate of 10% on its taxable income between RMB1 million and RMB3 million in 2020. A small-scale and low-profit enterprise receives a tax preference including a preferential tax rate of 2.5% on its taxable income below RMB1 million and another preferential tax rate of 10% on its taxable income between RMB1 million and RMB3 million in 2021 and 2022.

Continuing operations:

The income tax provision consisted of the following components:

	For the years ended December 31,
	2020			2021			2022
Current income tax expenses	$	4,028		$	2,062		$	2,182
Deferred income tax benefit		(2,276	)		(1,124	)		(1,951	)
Total income tax expense	$	1,752		$	938		$	231

A reconciliation between the Group’s actual provision for income taxes and the provision at the PRC, mainland statutory rate is as follows:

	For the years ended December 31,
	2020			2021			2022
Income (Loss) before income tax expense	$	8,374		$	10,530		$	(10,674	)
Computed income tax expense (benefit) with statutory tax rate		2,093			2,632			(2,669	)
Additional deduction for research and development expenses		(386	)		(509	)		(635	)
Tax effect of preferred tax rate		(1,255	)		(1,389	)		1,050
Tax effect of favorable tax rates on small-scale and low-profit entities		(52	)		(93	)		123
Tax effect of tax relief		(51	)		(9	)		(7	)
Tax effect of non-deductible items		27			71			26
Tax effect due to the disposal of Shengda Group		-			-			(3,580	)
Tax effect of deferred tax effect of tax rate change		-			-			129
Changes in valuation allowance		1,376			235			5,794
Income tax expense	$	1,752		$	938		$	231

As of December 31, 2021 and 2022, the significant components of the deferred tax assets are summarized below:

	December 31,
	2021			2022
Deferred tax assets:
Temporary difference in accounts receivable recognition	$	5,794		$	5,353
Temporary difference in research and development costs		4,211			3,738
Net operating loss carried forward		4,142			7,676
Share-based compensation		253			78
Allowance for doubtful accounts		-			3,802
Total deferred tax assets		14,400			20,647
Valuation allowance		(2,314	)		(7,577	)
Deferred tax assets, net of valuation allowance	$	12,086		$	13,070

Changes in valuation allowance are as follows:

	December 31,
	2021		2022
Balance at the beginning of the year	$	2,030	$	2,314
Additions		233		5,436
Foreign currency translation adjustments		51		(173	)
Balance at the end of the year	$	2,314	$	7,577

As of December 31, 2021 and 2022, the Group had net operating loss carryforwards of approximately $15,830 and $32,266, respectively, which arose from the Group’s subsidiaries in the PRC. As of December 31, 2021 and 2022, deferred tax assets from the net operating loss carryforwards amounted to $4,142 and $7,676, respectively, and the Group has recorded valuation allowances of $2,314 and $7,577 as of December 31, 2021 and 2022, respectively. Full valuation allowances have been provided where, based on all available evidence, management determined that deferred tax assets are not more likely than not to be realizable in future tax years.

As of December 31, 2022, net operating loss carryforwards will expire, if unused, in the following amounts:

2023	$	676
2024		2,303
2025		5,534
2026		5,757
2027		17,996
Total	$	32,266

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	May 17, 2023
Prepaid Expenses and Other Current Assets [Abstract]
Deferred cost						$ 1,499
Price per share (in Dollars per share)						$ 10
Provision for doubtful recoveries				$ 148	$ 39

Concentration Risk (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Concentration Risk [Abstract]

Schedule of Group’s Total Revenue

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total revenue.

	For the Six Month Ended June 30,
	2022			2023
Percentage of the Group’s total revenue
Customer A		20	%		19	%
Customer B		*	%		17	%
Customer C		18			*
Customer D		11	%		*

* represent percentage less than 10%

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total revenue.

	For the years ended December 31,
	2020			2021			2022
Percentage of the Group’s total revenue
Customer A		26	%		*			*
Customer B		*			15	%		11	%
Customer C		*			*			15	%

represent percentage less than 10%

Schedule of Group’s Total Accounts Receivable

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total accounts receivable:

	December 31,			June 30,
	2022			2023
Percentage of the Group’s accounts receivable
Customer E		33	%		16	%
Customer C		30	%		16	%
Customer F		10	%		13	%
Customer D		*			10	%

* represent percentage less than 10%

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total accounts receivable:

	As of December 31,
	2021			2022
Percentage of the Group’s accounts receivable
Customer B		23	%		30	%
Customer C		13	%		33	%
Customer D		10	%		15	%
Customer E		*			12	%
Customer F		*			10	%

represent percentage less than 10%

Schedule of Group’s Total Purchase

The following table sets forth a summary of each supplier who represent 10% or more of the Group’s total purchases:

	For the Six Month Ended June 30,
	2022			2023
Percentage of the Group’s total purchase
Supplier A		12	%		17	%
Supplier B		23	%		13	%
Supplier C		18	%		*

* represent percentage less than 10%

The following table sets forth a summary of each supplier who represent 10% or more of the Group’s total purchase:

	For the years ended December 31,
	2020			2021			2022
Percentage of the Group’s total purchase
Supplier A		10	%		*			*
Supplier B		*			12	%		24	%
Supplier C		*			11	%		19	%
Supplier D		*			10	%		16	%

represent percentage less than 10%

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Taxation (Details) - Schedule of Income Tax Provision - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Income Tax Provision [Abstract]
Current income tax expenses	$ 926	$ 1,139	$ 2,182	$ 2,062	$ 4,028
Deferred income tax benefit	(76)	(249)	(1,951)	(1,124)	(2,276)
Total income tax expense	$ 850	$ 890	$ 231	$ 938	$ 1,752

Discontinued Operations

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

3. DISCONTINUED OPERATIONS

On March 1, 2022, the Group entered into a share purchase agreement (the “SPA”) with Jiachen Information Technology (Shanghai) Co., Ltd., an affiliate of Mr. Ye Zaichang, to transfer the total equity of Shengda Group at a nominal consideration of RMB1 due to the net liability position of Shengda Group as of the transfer date, and the transfer was accounted for as a capital transaction. At the same time, China Auto Market Group Limited., subsidiary of the Group, transferred its 25% equity interest of Shanghai Financial Leasing and Shenglian Finance Leasing (Tianjin) Co., Ltd, subsidiaries of Shengda Group, to a then related party YSY GROUP LIMITED (“YSY”), which at the time was an affiliate of Mr. Ye Zaichang, with the consideration of RMB1. YSY is currently 100% controlled by ASTS Holdings limited (“ASTS”), a British Virgin Islands incorporated company. The address of ASTS is Intershore Chambers, Road Town, Tortola, British Virgin Islands. ASTS is 100% controlled by Mr. Li Qin, a Hong Kong citizen. The agreements have been approved by an independent committee of the Group’s Board of Directors and the disposal transaction was completed as of March 1, 2022.

As the business of Shengda Group and its subsidiaries represents a separate major line of business of the Group as of the held-for-sale date, which is in December 2021, the disposition was considered as a strategic shift that had a major effect on operations and financial results of the Group. The Group disclosed the results of the business of Shengda Group and its subsidiaries as discontinued operations. As the disposal of Shengda Group was under common control, the Group recognized additional paid-in capital of $21,874 and non-controlling interest of $2,168 on deconsolidation, which was equal to the difference on the deconsolidation date between: (i) the aggregate of (a) the consideration received, (b) the carrying amount of non-controlling interest in Shengda Group, less (ii) the carrying amount of Shengda Group’s assets and liabilities. No gain or loss was recorded as the result of the disposal.

	For the Six Months Ended June 30,
	2022*			2023
Interest income	$	147		$	-
Interest cost and operating expenses		(1,177	)		-
Loss from discontinued operations before income tax		(1,030	)		-
Income tax expense		(1	)		-
Net Loss from discontinued operations, net	$	(1,031	)	$	-

The result of discontinued operations included those of discontinued operations from January 1, 2022 to March 1, 2022.

3.	DISCONTINUED OPERATIONS

On March 1, 2022, the Group entered into a share purchase agreement (the “SPA”) with Jiachen Information Technology (Shanghai) Co., Ltd., an affiliate of Mr. Ye Zaichang, to transfer the total equity of Shengda Group at a nominal consideration of RMB1 due to the net liability position of Shengda Group as of the transfer date, and the transfer was accounted for as a capital transaction. At the same time, China Auto Market Group Limited., subsidiary of the Group, transferred its 25% equity interest of Shanghai Financial Leasing and Shenglian Finance Leasing (Tianjin) Co., Ltd, subsidiaries of Shengda Group, to a related party YSY GROUP LIMITED (“YSY”), an affiliate of Mr. Ye Zaichang at the time (Mr. Ye Zaichang has not been affiliated to YSY since August 3, 2022), with the consideration of RMB1. The agreements have been approved by an independent committee of the Group’s Board of Directors and the disposal transaction was completed as of March 1, 2022.

As the business of Shengda Group and its subsidiaries represents a separate major line of business of the Group as of the held-for-sale date, which is in December 2021, the disposition was considered as a strategic shift that had a major effect on operations and financial results of the Group. The Group disclosed the results of the business of Shengda Group and its subsidiaries as discontinued operations. As the disposal of Shengda Group was under common control, the Group recognized additional paid-in capital of $21,059 and non-controlling interest of $2,163 on deconsolidation, which was equal to the difference on the deconsolidation date between: (i) the aggregate of (a) the consideration received, (b) the carrying amount of non-controlling interest in Shengda Group, less (ii) the carrying amount of Shengda Group’s assets and liabilities. No gain or loss was recorded as the result of the disposal. Accordingly, assets, liabilities, interest income and expenses and cash flows have been reclassified into consolidated financial statements as discontinued operations for all periods presented.

The assets and liabilities are included in the captions “Current assets of discontinued operations”, “Non-current assets of discontinued operations”, “Current liabilities of discontinued operations” and “Non-current liabilities of discontinued operations”. The carrying amount of the major classes of assets and liabilities of discontinued operations presented in the consolidated balance sheets as of December 31, 2021 and 2022 consisted of the following:

	As of December 31,
	2021		2022

ASSETS
Current assets
Cash	$	570	$	-
Prepaid expenses and other current assets		3,305		-
Total current assets		3,875		-

Noncurrent assets
Long-term investment		169		-
Long-term receivables		4,597		-
Property, plant and equipment, net		234		-
Total noncurrent assets		5,000		-

TOTAL ASSETS		8,875		-

LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities
Short-term loan		1,569		-
Accounts payable		161		-
Advance from customers		470		-
Accrued expenses and other current liabilities		15,726		-
Tax payable		9,408		-
Total current liabilities		27,334		-

Noncurrent liabilities
Other long-term liabilities		52,659		-
Total noncurrent liabilities		52,659		-

Total liabilities	$	79,993	$	-

	For the years ended December 31,
	2020			2021			2022*

Interest income	$	3,280		$	1,884		$	142
Interest cost		(5,916	)		(7,322	)		(457	)
Net interest loss		(2,636	)		(5,438	)		(315	)

Operating expenses
Selling expenses		(535	)		(235	)		(22	)
General and administrative expenses		(11,168	)		(12,998	)		(760	)
Total operating expenses		(11,703	)		(13,233	)		(782	)

Operating loss		(14,339	)		(18,671	)		(1,097	)

Other income (expenses)
Financial expenses, net		(719	)		(604	)		(70	)
Investment income/(loss)		(1,778	)		6			-
Other income, net		553			878			174
Total other (expenses) income, net		(1,944	)		280			104

Loss before income tax expense		(16,283	)		(18,391	)		(993	)
Income tax expense		(114	)		(9,291	)		(1	)
Loss from discontinued operations, net		(16,397	)		(27,682	)		(994	)

Less: Net loss attributable to non-controlling interests		(1	)		(19	)		-

Net loss from discontinued operations attributable to SunCar’s ordinary shareholders	$	(16,396	)	$	(27,663	)	$	(994	)

The result of discontinued operations included those of discontinued operations from January 1, 2022 to March 1, 2022.

Net Income (Loss) Per Share (Details) - Schedule of Basic and Diluted Net Income (Loss) Per Share (Parentheticals) - $ / shares	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Basic And Diluted Net Income Loss Per Share Abstract
Diluted	$ (0.04)	$ 0.04	$ (0.03)	$ 0.01	$ 0.01
Diluted	0.00	(0.01)	0.00	(0.12)	(0.07)
Diluted	$ (0.04)	$ 0.03	$ (0.03)	$ (0.11)	$ (0.06)

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-03(13))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-1

+ Details

Software and Equipment, Net (Details) - Schedule of Software and Equipment, Net - USD ($)
$ in Thousands

Jun. 30, 2023

Dec. 31, 2022

Dec. 31, 2021

Cost

Property plant and equipment , gross

$ 28,399

$ 29,768

$ 18,244

Less: accumulated depreciation

(13,359)

(11,277)

(7,505)

Software and equipment, net

15,040

18,491

10,739

Vehicles [Member]

Cost

Property plant and equipment , gross

994

979

1,094

Office equipment and furniture [Member]

Cost

Property plant and equipment , gross

176

184

201

Electronic equipment [Member[

Cost

Property plant and equipment , gross

10,106

10,587

10,277

Computer software [Member]

Cost

Property plant and equipment , gross

15,716

16,523

^[1]

5,053

^[1]

Leasehold Improvements [Member]

Cost

Property plant and equipment , gross

710

762

825

Others [Member]

Cost

Property plant and equipment , gross

$ 697

$ 733

$ 794

[1]

Other Non-Current Assets (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Other Non-current Assets [Abstract]

Schedule of Other Non-Current Assets

Other non-current assets consisted of the following:

	December 31,		June 30,
	2022		2023
Private clouds in construction	$	13,629	$	16,881
Prepayment for equipment		794		386
	$	14,423	$	17,267

Other non-current assets, consisted of the following:

	December 31,
	2021		2022

Private clouds in construction	$	21,893		13,629
IT systems in construction		1,634		-
Prepayment for equipment		858		794
	$	24,385		14,423

Condensed Financial Information of the Parent Company (Details) - Schedule of Condensed Parent Company Statements of Cash Flow - Parent Company [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Condensed Cash Flow Statements, Captions [Line Items]
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Net increase in cash and restricted cash
Cash and restricted cash, at beginning of year
Cash and restricted cash, at end of year

Segment Information (Details) - Schedule of Operating Segments Based on Internal Management Report - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Automotive after-sales service [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	$ 98,813	$ 89,851
Depreciation and amortization	(1,884)	(1,633)	$ (3,452)	$ (3,404)	$ (1,090)
Segment income (loss) before tax	6,332	8,466	(8,109)	15,891	12,864
Insurance intermediation service [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	47,710	29,346
Depreciation and amortization	(1,278)	(407)	(1,558)	(578)	(449)
Segment income (loss) before tax	(938)	(819)	(2,212)	(4,256)	(3,616)
Others [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	12,855	5,531
Depreciation and amortization	(28)	(37)	(68)	(73)	(74)
Segment income (loss) before tax	(3,408)	(34)	(353)	(1,105)	(874)
Consolidated [Member]
Segment Reporting Information [Line Items]
Revenues from external customers	159,378	124,728
Depreciation and amortization	(3,190)	(2,077)	(5,078)	(4,055)	(1,613)
Segment income (loss) before tax	$ 1,986	$ 7,613	$ (10,674)	$ 10,530	$ 8,374

- Definition

+ References

+ Details

Document And Entity Information	6 Months Ended
Document And Entity Information	Jun. 30, 2023
Document Information Line Items
Entity Registrant Name	SUNCAR TECHNOLOGY GROUP INC.
Document Type	F-1/A
Amendment Flag	true
Amendment Description	Amendment No.1
Entity Central Index Key	0001936804
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	Suite 209
Entity Address, Address Line Two	No. 656 Lingshi Road
Entity Address, Address Line Three	Jing’an District
Entity Address, City or Town	Shanghai
Entity Address, Postal Zip Code	200072
Entity Address, Country	CN
City Area Code	(86)
Local Phone Number	138-1779-6110
Business Contact
Document Information Line Items
Entity Address, Address Line One	850 Library Avenue
Entity Address, Address Line Two	Suite 204
Entity Address, City or Town	Newark
Entity Address, Postal Zip Code	19711
City Area Code	302
Local Phone Number	738-6680
Contact Personnel Name	Puglisi & Associates
Entity Address, State or Province	DE

Leases (Details) - Schedule of Components of Lease Expenses - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Lease cost
Amortization of right-of-use assets	$ 350	$ 619	$ 619
Interest of operating lease liabilities	9	29	$ 29
Balance at the end of the period	$ 359	$ 648

Summary of Significant Accounting Policies (Details) - Schedule of the Estimated Useful Lives of the Assets	12 Months Ended
	Dec. 31, 2022
Minimum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Maximum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Vehicles [Member] \| Minimum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Vehicles [Member] \| Maximum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Office Equipment [Member] \| Minimum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Office Equipment [Member] \| Maximum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Electronic equipment [Member[ \| Minimum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Electronic equipment [Member[ \| Maximum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Computer software [Member] \| Minimum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Computer software [Member] \| Maximum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Leasehold Improvements [Member] \| Minimum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives	Over the shorter of lease term or the estimated useful lives of the assets
Leasehold Improvements [Member] \| Maximum [Member]
Public Utility, Property, Plant and Equipment [Line Items]
Estimated useful lives	Over the shorter of lease term or the estimated useful lives of the assets

Condensed Financial Information of the Parent Company

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Disclosure [Abstract]

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

22.

CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

The Group performed a test on the restricted net assets of consolidated subsidiaries in accordance with Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), “General Notes to Financial Statements” and concluded that the Group is required to disclose the financial statements for the parent Company.

CONDENSED PARENT COMPANY BALANCE SHEETS

	As of December 31,
	2021			2022
ASSETS
Investment in subsidiaries	$	-		$
Total assets		-

LIABILITIES AND SHAREHOLDERS’ EQUITY
Deficit in investment in subsidiaries		21,436			5,284
Total liabilities		21,436			5,284

Shareholders’ deficit
Ordinary shares (par value of US0.00005 per share; 225,000,000 shares authorized as of December 31, 2021 and 2022; 225,000,000 shares issued and outstanding as of December 31, 2021 and 2022, respectively)		11			11
Convertible Preferred shares (par value US0.00005; 45,614,646 Series A preferred shares, 27,053,437 limited Series A preferred shares and 121,000,531 Series B preferred shares authorized, issued and outstanding as of December 31, 2021 and 2022, respectively)		10			10
Additional paid in capital		75,091			95,751
Accumulated deficit		(96,548	)		(101,056	)
Total shareholders’ deficit	$	(21,436	)	$	(5,284	)
TOTAL LIABILITIES AND DEFICIT	$	-		$	-

CONDENSED PARENT COMPANY STATEMENTS OF OPERATIONS

	For the years ended December 31,
	2020			2021			2022
Operating loss:
Share of loss of subsidiaries	$	(12,993	)	$	(23,721	)		(6,669	)

Loss before income tax expense		(12,993	)		(23,721	)		(6,669	)
Income tax expense		-			-			-
Net loss	$	(12,993	)	$	(23,721	)		(6,669	)

CONDENSED PARENT COMPANY STATEMENTS OF CASH FLOW

For the years ended December 31,

2021

2022

Cash flows from operating activities

Cash flows from investing activities

Cash flows from financing activities

Net increase in cash and restricted cash

Cash and restricted cash, at beginning of year

Cash and restricted cash, at end of year

Related Party Transactions (Details) - Schedule of Related Parties Transaction	6 Months Ended
	Jun. 30, 2023
Shengda Group [Member]
Related Party Transaction [Line Items]
Name of related parties	Shengda Group
Relationship with the Group	An entity ultimately controlled by Mr. Ye Zaichang, SunCar’s Chief Executive Officer
Automobile Service Group Ltd. [Member]
Related Party Transaction [Line Items]
Name of related parties	Automobile Service Group Ltd.
Relationship with the Group	Principal shareholder of the Company

Accrued Expenses and Other Liabilities (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Accrued Expenses and Other Liabilities [Abstract]

Schedule of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consisted of the following:

	December 31,		June 30,
	2022		2023
Payroll payable	$	1,884	$	1,755
Value added taxes and other taxes payable		993		973
Subscription amount received for unvested restricted shares		913		724
Technical service fee payable		438		-
Other accrued expenses		621		585
	$	4,849		4,037

Accrued expenses and other liabilities consisted of the following:

	December 31,
	2021		2022

Payroll payable	$	1,046	$	1,884
Value added taxes and other taxes payable		144		993
Subscription amount received for unvested restricted shares		1,318		913
Technical service fee payable		-		438
Other accrued expenses		379		621
	$	2,887	$	4,849

Related Party Transactions (Details) - Schedule of Transactions with Interested and Related Parties
¥ in Thousands, $ in Thousands

12 Months Ended

Mar. 01, 2022

CNY (¥)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Shengda Group

Payables due to the transfer of SUNCAR Online

¥ 1

$ 40,854

^[1]

Other payables

¥ 1

4,710

^[2]

Total

$ 45,564

[1]

[2]

Other payables to Shengda Group were for the ordinary course of operation, which were interest free, unsecure and could be settled on demand.

Concentration Risk (Details) - Schedule of Group’s Total Accounts Receivable

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Customer E [Member]

Variable Interest Entity [Line Items]

Accounts receivable percentage

16.00%

33.00%

Customer C [Member]

Variable Interest Entity [Line Items]

Accounts receivable percentage

16.00%

30.00%

Customer F [Member]

Variable Interest Entity [Line Items]

Accounts receivable percentage

13.00%

10.00%

Customer D [Member]

Variable Interest Entity [Line Items]

Accounts receivable percentage

10.00%

^[1]

[1]	represent percentage less than 10%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Share-Based Compensation

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Share-Based Compensation [Abstract]

SHARE-BASED COMPENSATION

12. SHARE-BASED COMPENSATION

Share-based compensation of a subsidiary

SunCar recognizes $830 and $776 share-based compensation expenses related to the restricted shares on a straight-line basis over the vesting periods for the six months ended June 30, 2022 and 2023, respectively.

As of June 30, 2023, the unrecognized compensation expense related to restricted shares amounted to $3,595, which will be recognized over a weighted-average period of 2.17 years.

15.

SHARE-BASED COMPENSATION

Share-based compensation of a subsidiary

On September 9, 2020, the shareholders of Shengda Automobile, a subsidiary of SunCar, approved and adopted the Share Incentive Plan (the “2020 Plan”), under which eligible employees were granted 2,500,000 of restricted ordinary shares of Shanghai Shengda to award eligible employees’ contribution of the expansion of Shengda Automobile, at the price of RMB4.2 per share (“Restricted Shares”).

The restricted ordinary shares are subject to an annual vesting schedule that vests 20% of granted restricted shares over the next five years as the employees are required to provide services for a total of 60 months to earn the award. The employees have made full subscription payment of $1,553 during the year ended December 31, 2020. Upon termination, the unvested restricted shares are forfeited and the prepaid subscription amount for the unvested portion shall be returned to the employees.

These restricted ordinary shares were considered as nonvested shares under the definition of ASC 718-10-20. The fair value of the shares at the grant date was RMB25.71 (US$3.94) per share, which was determined based on the purchase price of the financial offering of the same securities with external institutional investors (see Note 14 Non-controlling interests). The Group accounts for forfeitures as a reduction of stock-based compensation expense when the forfeiture actually occurs.

SunCar recognizes compensation expenses related to those restricted shares on a straight-line basis over the vesting periods. $520, $1,668 and $1,599 of compensation expenses were recorded for the years ended December 31, 2020, 2021 and 2022.

As of December 31, 2022, the unrecognized compensation expense related to restricted shares amounted to $ 4,159, which will be recognized over a weighted-average period of 2.67 years.

The 2020 Plan was carried out in the way that eligible employees indirectly hold shares of Shanghai Shengda by holding shares of Jingning Shengjing Enterprise Management Partnership (Limited Partnership) (“Shareholding Platform”) as the general partner and limited partner of the Shareholding Platform.

Prepaid Expenses and Other Current Assets, Net (Details) - Schedule of Allowance for Doubtful Accounts - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Allowance of Doubtful Accounts [Abstract]
Balance at the beginning of the year	$ 191	$ 41
Additions		148	39
Foreign currency translation	(14)	2	2
Balance at the end of the year	$ 177	$ 191	$ 41

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References + Details

Accounts Receivable, Net (Details) - Schedule of Accounts Receivable, net - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Schedule of Accounts Receivable Net [Abstract]
Accounts receivable	$ 95,783	$ 110,967		$ 85,637
Allowance for doubtful accounts	(21,190)	(25,348)	$ (237)
Accounts receivable, net	$ 74,593	$ 85,619		$ 85,637

Share-Based Compensation (Details) $ / shares in Units, $ in Thousands		6 Months Ended		12 Months Ended
	Sep. 09, 2020 ¥ / shares shares	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2022 USD ($) ¥ / shares	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Share-Based Compensation (Details) [Line Items]
Compensation expenses cost		$ 776	$ 830	$ 1,599		$ 1,668	$ 520
Compensation expense restricted shares amounted		$ 3,595		$ 4,159	$ 4,159
Weighted-average period		2 years 2 months 1 day		2 years 8 months 1 day
Employees granted restricted shares vesting rate				20.00%
Employees granted restricted shares vesting period				5 years
Employees subscription payment				$ 1,553
Fair value of shares grant date per share \| (per share)				$ 3.94	$ 25.71
Share Incentive Plan 2020 [Member]
Share-Based Compensation (Details) [Line Items]
Employees shares granted (in Shares) \| shares	2,500,000
Employees contribution price per share (in Yuan Renminbi per share) \| ¥ / shares	¥ 4.2

Taxation (Details) - Schedule of Provision for Income Taxes and the Provision at the PRC, Mainland Statutory Rate - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Provision For Income Taxes and the Provision at the Prc Mainland Statutory Rate [Abstract]
Income (Loss) before income tax expense	$ 1,986	$ 7,613	$ (10,674)	$ 10,530	$ 8,374
Computed income tax expense (benefit) with statutory tax rate	573	1,903	(2,669)	2,632	2,093
Additional deduction for research and development expenses	(237)	(257)	(635)	(509)	(386)
Tax effect of preferred tax rate	(791)	(766)	1,050	(1,389)	(1,255)
Tax effect of favorable tax rates on small-scale and low-profit entities	(15)	(5)	123	(93)	(52)
Tax effect of tax relief	(2)	(5)	(7)	(9)	(51)
Tax effect of non-deductible items	35	11	26	71	27
Tax effect due to the disposal of Shengda Group		(3,868)	(3,580)
Tax effect of deferred tax effect of tax rate change	(42)		129
Changes in valuation allowance	1,329	3,877	5,794	235	1,376
Income tax expense	$ 850	$ 890	$ 231	$ 938	$ 1,752

Leases (Details) - Schedule of Future Minimum Payments - Operating Leases [Member] $ in Thousands	Jun. 30, 2023 USD ($)
Leases (Details) - Schedule of Future Minimum Payments [Line Items]
Remainder of 2023	$ 319
2024	687
2025	478
2026	2
Total lease payments	1,486
Less: imputed interest	(66)
Total	$ 1,420

Concentration Risk

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Concentration Risk [Abstract]

CONCENTRATION RISK

16. CONCENTRATION RISK

Financial instruments that potentially expose the Group to concentrations of credit risk consist primarily of accounts receivable. The Group conducts credit evaluations of its customers, and generally does not require collateral or other security from them. The Group evaluates its collection experience and long outstanding balances to determine the need for an allowance for doubtful accounts. The Group conducts periodic reviews of the financial condition and payment practices of its customers to minimize collection risk on accounts receivable.

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total revenue.

	For the Six Month Ended June 30,
	2022			2023
Percentage of the Group’s total revenue
Customer A		20	%		19	%
Customer B		*	%		17	%
Customer C		18			*
Customer D		11	%		*

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total accounts receivable:

	December 31,			June 30,
	2022			2023
Percentage of the Group’s accounts receivable
Customer E		33	%		16	%
Customer C		30	%		16	%
Customer F		10	%		13	%
Customer D		*			10	%

The following table sets forth a summary of each supplier who represent 10% or more of the Group’s total purchases:

	For the Six Month Ended June 30,
	2022			2023
Percentage of the Group’s total purchase
Supplier A		12	%		17	%
Supplier B		23	%		13	%
Supplier C		18	%		*

* represent percentage less than 10%

19.

CONCENTRATION RISK

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total revenue.

	For the years ended December 31,
	2020			2021			2022
Percentage of the Group’s total revenue
Customer A		26	%		*			*
Customer B		*			15	%		11	%
Customer C		*			*			15	%

The following table sets forth a summary of single customers who represent 10% or more of the Group’s total accounts receivable:

	As of December 31,
	2021			2022
Percentage of the Group’s accounts receivable
Customer B		23	%		30	%
Customer C		13	%		33	%
Customer D		10	%		15	%
Customer E		*			12	%
Customer F		*			10	%

The following table sets forth a summary of each supplier who represent 10% or more of the Group’s total purchase:

	For the years ended December 31,
	2020			2021			2022
Percentage of the Group’s total purchase
Supplier A		10	%		*			*
Supplier B		*			12	%		24	%
Supplier C		*			11	%		19	%
Supplier D		*			10	%		16	%

represent percentage less than 10%

Taxation (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2023

Dec. 31, 2022

Taxation [Abstract]

Schedule of Income Tax Provision

The income tax provision consisted of the following components:

	For the Six Months Ended June 30,
	2022			2023
Current income tax expenses		1,139			926
Deferred income tax benefit		(249	)		(76	)
Total income tax expense	$	890		$	850

The income tax provision consisted of the following components:

	For the years ended December 31,
	2020			2021			2022
Current income tax expenses	$	4,028		$	2,062		$	2,182
Deferred income tax benefit		(2,276	)		(1,124	)		(1,951	)
Total income tax expense	$	1,752		$	938		$	231

Schedule of Provision for Income Taxes and the Provision at the Prc, Mainland Statutory Rate

A reconciliation between the Group’s actual provision for income taxes and the provision at the PRC, mainland statutory rate is as follows:

	For the Six Months Ended June 30,
	2022			2023
Income before income tax expense	$	7,613		$	1,986
Computed income tax expense with statutory tax rate		1,903			573
Additional deduction for R&D expenses		(257	)		(237	)
Tax effect of preferred tax rate		(766	)		(791	)
Tax effect of favorable tax rates on small-scale and low-profit entities		(5	)		(15	)
Tax effect of tax relief		(5	)		(2	)
Tax effect of non-deductible items		11			35
Tax effect due to the disposal of Shengda Group*		(3,868	)		-
Tax effect of deferred tax effect of tax rate change		-			(42	)
Changes in valuation allowance		3,877			1,329
Income tax expense	$	890		$	850

A reconciliation between the Group’s actual provision for income taxes and the provision at the PRC, mainland statutory rate is as follows:

	For the years ended December 31,
	2020			2021			2022
Income (Loss) before income tax expense	$	8,374		$	10,530		$	(10,674	)
Computed income tax expense (benefit) with statutory tax rate		2,093			2,632			(2,669	)
Additional deduction for research and development expenses		(386	)		(509	)		(635	)
Tax effect of preferred tax rate		(1,255	)		(1,389	)		1,050
Tax effect of favorable tax rates on small-scale and low-profit entities		(52	)		(93	)		123
Tax effect of tax relief		(51	)		(9	)		(7	)
Tax effect of non-deductible items		27			71			26
Tax effect due to the disposal of Shengda Group		-			-			(3,580	)
Tax effect of deferred tax effect of tax rate change		-			-			129
Changes in valuation allowance		1,376			235			5,794
Income tax expense	$	1,752		$	938		$	231

Schedule of Deferred Tax Assets

As of December 31, 2022 and June 30, 2023, the significant components of the deferred tax assets are summarized below:

	December 31,			June 30,
	2022			2023
Deferred tax assets:
Temporary difference in accounts receivable recognition	$	5,353		$	5,092
Temporary difference in research and development costs		3,738			3,983
Net operating loss carried forward		7,676			8,635
Share-based compensation		78			185
Allowance for doubtful accounts		3,802			3,210
Total deferred tax assets		20,647			21,105
Valuation allowance		(7,577	)		(8,475	)
Deferred tax assets, net of valuation allowance	$	13,070		$	12,630

As of December 31, 2021 and 2022, the significant components of the deferred tax assets are summarized below:

	December 31,
	2021			2022
Deferred tax assets:
Temporary difference in accounts receivable recognition	$	5,794		$	5,353
Temporary difference in research and development costs		4,211			3,738
Net operating loss carried forward		4,142			7,676
Share-based compensation		253			78
Allowance for doubtful accounts		-			3,802
Total deferred tax assets		14,400			20,647
Valuation allowance		(2,314	)		(7,577	)
Deferred tax assets, net of valuation allowance	$	12,086		$	13,070

Schedule of Changes in Valuation Allowance

Changes in valuation allowance are as follows:

	December 31,			June 30,
	2022			2023

Balance at beginning of the period	$	2,314		$	7,577
Additions		5,436			1,268
Foreign currency translation adjustments		(173	)		(370	)
Balance at end of the period	$	7,577		$	8,475

Changes in valuation allowance are as follows:

	December 31,
	2021		2022
Balance at the beginning of the year	$	2,030	$	2,314
Additions		233		5,436
Foreign currency translation adjustments		51		(173	)
Balance at the end of the year	$	2,314	$	7,577

Schedule of Net Operating Loss Carryforwards

As of June 30, 2023, net operating loss carryforwards will expire, if unused, in the following amounts:

Remainder of 2023			643
2024			2,017
2025			5,263
2026			5,397
2027			16,817
2028			5,711
Total			35,848

As of December 31, 2022, net operating loss carryforwards will expire, if unused, in the following amounts:

2023	$	676
2024		2,303
2025		5,534
2026		5,757
2027		17,996
Total	$	32,266

Organization and Principal Activities (Details) - Schedule of Net Income Per Ordinary Share - Basic and Diluted (Parentheticals)	6 Months Ended
	Jun. 30, 2023 $ / shares
Before Adjustment [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income from continuing operation - Diluted	$ 0.01
Net income from discontinuing operation - Diluted
Net income - Diluted	0.01
After Adjustment [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income from continuing operation - Diluted	0.04
Net income from discontinuing operation - Diluted	(0.01)
Net income - Diluted	$ 0.03

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480175/815-40-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-11

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-60B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-4

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(27))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483589/942-220-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482689/260-10-45-7

Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-03(13))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-1

+ Details

Software and Equipment, Net (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Software and Equipment, Net [Abstract]
Depreciation expense	$ 2,840	$ 2,077	$ 5,078	$ 4,055	$ 1,613

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) ¥ in Thousands, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2022 CNY (¥) shares	Dec. 31, 2021 USD ($) $ / shares shares	Dec. 31, 2021 CNY (¥) shares	Dec. 31, 2020 USD ($) $ / shares shares	Dec. 31, 2020 CNY (¥) shares
Revenues
Total revenues	$ 159,378	$ 124,728	$ 282,413		$ 249,235		$ 238,925
Operating costs and expenses
Integrated service cost	(87,854)	(76,717)	(166,793)		(156,852)		(131,932)
Promotional service cost	(49,563)	(28,363)	(65,500)		(55,222)		(79,515)
Selling expenses	(12,793)	(6,802)	(16,477)		(12,731)		(6,835)
General and administrative expenses	(4,020)	(4,935)	(37,742)		(10,420)		(7,780)
Research and development expenses	(4,020)	(1,930)	(8,478)		(3,651)		(5,029)
Total operating costs and expenses	(158,250)	(118,747)	(294,990)		(238,876)		(231,091)
Operating profit	1,128	5,981	(12,577)		10,359		7,834
Other expenses
Financial expenses, net	(1,915)	(1,756)	(3,659)		(3,045)		(2,100)
Investment income	323	249	441		759		255
Other income, net	2,450	3,139	5,121		2,457		2,385
Total other income, net	858	1,632	1,903		171		540
Profit before income tax	1,986	7,613	(10,674)		10,530		8,374
Income tax expense	(850)	(890)	(231)		(938)		(1,752)
Income from continuing operations, net of tax	1,136	6,723	(10,905)		9,592		6,622
Discontinued operations:
Net loss from the operations of the discontinued operations, net of tax		(1,031)	(994)		(27,682)		(16,397)
Net profit	1,136	5,692	(11,899)	¥ (11,899)	(18,090)	¥ (18,090)	(9,775)	¥ (9,775)
Foreign currency translation difference	(2,614)	(2,412)	(2,410)		907		1,195
Total other comprehensive loss	(2,614)	(2,412)	(2,410)		907		1,195
Total comprehensive income (loss)	(1,478)	3,280	(14,309)		(17,183)		(8,580)
Less: total comprehensive income attributable to non-controlling interest	2,068	800	(9,801)		6,839		4,791
Total comprehensive (loss) income attributable to SUNCAR TECHNOLOGY GROUP INC’s shareholders	(3,546)	2,480	(4,508)		(24,022)		(13,371)
Net income from continuing operations	1,136	6,723	(10,905)		9,592		6,622
Less: Net income attributable to non-controlling interests of continuing operations	4,515	3,568	(5,230)		5,650		3,219
Net income (loss) from continuing operations attributable to SunCar Technology Group Inc’s ordinary shareholders	(3,379)	3,155	(5,675)		3,942		3,403
Less: Net loss attributable to non-controlling interests of discontinue operations		(1)			(19)		(1)
Net loss from discontinued operations attributable to SunCar Technology Group Inc’s ordinary shareholders		(1,030)	(994)		(27,663)		(16,396)
Net income (loss) attributable to SunCar Technology Group Inc’s ordinary shareholders	$ (3,379)	$ 2,125	$ (6,669)		$ (23,721)		$ (12,993)
Net income (loss) per ordinary share from continuing operations:
Net income (loss) per ordinary share from continuing operations, Basic (in Dollars per share) \| $ / shares	$ (0.04)	$ 0.04	$ (0.03)		$ 0.01		$ 0.01
Net income (loss) per ordinary share from continuing operations, Diluted (in Dollars per share) \| $ / shares	(0.04)	0.04	(0.03)		0.01		0.01
Net loss per ordinary share from discontinued operations:
Net loss per ordinary share from discontinued operations, Basic (in Dollars per share) \| $ / shares	0	(0.01)	0		(0.12)		(0.07)
Net income (loss) attributable to SunCar Technology Group Inc’s ordinary shareholders per ordinary share
Net income (loss) attributable to SunCar Technology Group Inc’s ordinary shareholders per ordinary share, Basic (in Dollars per share) (in Dollars per share) \| $ / shares	$ (0.04)	$ 0.03	$ (0.03)		$ (0.11)		$ (0.06)
Weighted average shares outstanding used in calculating basic and diluted income (loss) per share
Weighted average shares outstanding used in calculating, Basic and diluted (in Shares) \| shares	81,374,609	80,000,000	225,000,000	225,000,000	225,000,000	225,000,000	225,000,000	225,000,000
Weighted average shares outstanding used in calculating basic and diluted income per share
Weighted average shares outstanding used in calculating basic and diluted income per share, Basic (in Shares) \| shares			418,668,614	418,668,614	418,668,614	418,668,614	418,668,614	418,668,614
Income from continuing operations before non-controlling interests	$ 1,136	$ 6,723	$ (10,905)		$ 9,592		$ 6,622
Automotive after-sales service
Revenues
Revenues	98,813	89,851	199,294		187,880		154,238
Total revenues	98,813	89,851
Insurance intermediation service
Revenues
Revenues	47,710	29,346	67,640		56,766		84,161
Total revenues	47,710	29,346
Technology service
Revenues
Revenues	$ 12,855	$ 5,531	$ 15,479		$ 4,589		$ 526

Accrued Expenses and Other Liabilities (Details) - Schedule of Accrued Expenses and Other Liabilities - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Schedule Of Accrued Expenses And Other Liabilities Abstract
Payroll payable	$ 1,755	$ 1,884
Value added taxes and other taxes payable	973	993
Subscription amount received for unvested restricted shares	724	913
Technical service fee payable		438
Other accrued expenses	585	621
Total	$ 4,037	$ 4,849