| Mar'19 | Mar'18 | |||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net loss | ||||||
-4,542 | -9,858 | |||||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||
Depreciation and amortization of property and equipment | ||||||
22 | 3 | |||||
Amortization of intangible assets | ||||||
308 | 659 | |||||
Provision for doubtful accounts | ||||||
5 | 0 | |||||
Impairment loss of intangible assets | ||||||
1,225 | 8,179 | |||||
Change in operating assets and liabilities | ||||||
Accounts receivable | ||||||
274 | 52 | |||||
Inventories | ||||||
1,491 | 0 | |||||
Prepayments, receivables and other assets | ||||||
1,930 | 0 | |||||
Advances from customers | ||||||
19 | 0 | |||||
Income tax payable | ||||||
21 | 0 | |||||
Accrued expenses and other liabilities | ||||||
380 | 293 | |||||
Net Cash Used in Operating Activities | ||||||
-6,256 | -775 | |||||
Cash Flows from Investing Activities: | ||||||
Purchases of property and equipment | ||||||
28 | 2 | |||||
Purchases of intangible assets | ||||||
471 | 0 | |||||
Addition in finance lease receivables | ||||||
32 | 0 | |||||
Net Cash Used in Investing Activities | ||||||
-532 | -2 | |||||
Cash Flows from Financing Activities: | ||||||
Net proceeds from issuance of common stock in the IPO | ||||||
0 | 9,641 | |||||
Proceeds from exercise of underwriter's over-allotment option | ||||||
0 | 1,411 | |||||
Proceeds borrowed from stockholders | ||||||
1,973 | 792 | |||||
Repayments to stockholders | ||||||
1,900 | 105 | |||||
Release of escrow receivable | ||||||
600 | 0 | |||||
Borrowings from third parties | ||||||
471 | - | |||||
Repayments to related parties and affiliates | ||||||
487 | 0 | |||||
Repayments of current borrowings from financial institutions | ||||||
175 | 0 | |||||
Cash acquired from acquisition | ||||||
218 | 0 | |||||
Net Cash Provided by Financing Activities | ||||||
701 | 11,739 | |||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-33 | 18 | |||||
Net (decrease) increase in cash and cash equivalents | ||||||
-6,121 | 10,980 | |||||
Supplemental Cash Flow Information | ||||||
Cash paid for interest expense | ||||||
33 | 0 | |||||
Cash paid for income tax | ||||||
0 | 0 | |||||
Non-cash Transaction in Investing and Financing Activities | ||||||
Unpaid property and equipment purchases | ||||||
0 | 4 | |||||
IPO issuance costs net against additional paid-in capital | ||||||
0 | 1,264 | |||||
Escrow receivable in connection with IPO | ||||||
0 | 1,200 | |||||
IPO expenses paid by the Company's stockholders | ||||||
70 | 67 | |||||
Assume of net liabilities of Ruixi, excluding cash and cash equivalents | ||||||
149 | 0 | |||||