| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income (loss) | ||||||
3,899 | 2,350 | |||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||||||
Depreciation and amortization | ||||||
246 | 25 | |||||
Allowance for doubtful accounts | ||||||
35 | 0 | |||||
Changes in operating assets and liabilities: | ||||||
Accounts receivable, net | ||||||
-1,254 | 1,700 | |||||
Accounts receivable - related party | ||||||
-74 | 247 | |||||
Transaction monetary assets held for clients | ||||||
11,636 | 885 | |||||
Mark to market assets for open trading positions | ||||||
200 | 40 | |||||
Prepaid expenses and other current assets | ||||||
223 | 256 | |||||
Other assets, non-current | ||||||
-77 | 78 | |||||
Accounts payable | ||||||
-159 | 9 | |||||
Deposits payable | ||||||
11,636 | 885 | |||||
Mark to market liabilities for open trading positions | ||||||
-85 | -20 | |||||
Advance from customers | ||||||
-201 | 201 | |||||
Accrued expenses and other current liabilities | ||||||
1,669 | 1,327 | |||||
Income tax payable | ||||||
5 | 0 | |||||
Net cash provided by (used in) operating activities | ||||||
6,563 | 1,612 | |||||
Cash flows from investing activities | ||||||
Purchase of property and equipment | ||||||
44 | 55 | |||||
Purchase of intangible assets | ||||||
1,359 | 1,731 | |||||
Net cash used in investing activities | ||||||
-1,403 | -1,786 | |||||
Cash flows from financing activities | ||||||
Proceeds from issuance of ordinary shares | ||||||
1,170 | 830 | |||||
Proceeds from related parties | ||||||
4,032 | 3,766 | |||||
Repayments to related parties | ||||||
6,826 | 195 | |||||
Net cash provided by (used in) financing activities | ||||||
-1,624 | 4,400 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-63 | -11 | |||||
Net change in cash and cash equivalents | ||||||
3,472 | 4,215 | |||||
Supplemental cash flow information | ||||||
Interest paid | ||||||
0 | 0 | |||||
Income taxes paid | ||||||
0 | 0 | |||||
Non-cash investing and financing activities | ||||||
Ordinary shares issued with proceeds not received | ||||||
0 | 1,170 | |||||
Expenses paid by related parties | ||||||
142 | 352 | |||||