| Dec'17 | Dec'16 | Mar'16 | Dec'15 | Mar'15 | ||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net income (loss) | ||||||
-54,783 | 17,278 | -1,343 | 14,119 | -246 | ||
Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||||||
Share-based compensation expenses | ||||||
0 | 21 | - | 0 | - | ||
Depreciation | ||||||
37 | 37 | - | 39 | - | ||
Amortization | ||||||
8 | 4 | - | 0 | - | ||
Loss on disposal of property and equipment | ||||||
-13 | -0 | - | 12 | - | ||
Loss on debt restructuring | ||||||
-140 | 0 | - | 0 | - | ||
Investment impairment | ||||||
3,698 | 0 | - | 0 | - | ||
Deferred tax (benefit) expense | ||||||
885 | -662 | - | -274 | - | ||
Provisions for loan losses | ||||||
55,299 | 4,650 | - | 2,166 | - | ||
Interest income earned in cash and investments held in Trust Account | ||||||
- | - | 106 | - | 11 | ||
Changes in operating assets and liabilities: | ||||||
Interest and fee receivables | ||||||
-958 | 465 | - | 79 | - | ||
Other assets | ||||||
589 | 413 | - | 72 | - | ||
Taxes payable | ||||||
-394 | -30 | - | -764 | - | ||
Other liabilities | ||||||
4,624 | 3,009 | - | 820 | - | ||
Changes in other current assets | ||||||
- | - | 2 | - | 70 | ||
Changes in accrued expense & accounts payable | ||||||
- | - | 75 | - | 20 | ||
Changes in amount due to related parties | ||||||
- | - | 17 | - | 0 | ||
Net Cash Provided by Operating Activities | ||||||
9,897 | 23,428 | -1,359 | 15,942 | -308 | ||
Cash Flows from Investing Activities: | ||||||
Originated loans disbursement | ||||||
192,628 | 331,721 | - | 237,371 | - | ||
Repayment of loans from customers | ||||||
-176,801 | -307,589 | - | -212,716 | - | ||
Purchases of property and equipment | ||||||
0 | 16 | - | 156 | - | ||
Purchases of investment | ||||||
0 | 0 | - | 4,013 | - | ||
Purchases of intangible assets | ||||||
28 | 61 | - | 0 | - | ||
Proceeds from sales of property and equipment | ||||||
0 | 0 | - | 28 | - | ||
Proceeds from disposal of loans receivable to a related party | ||||||
0 | 0 | - | 6,737 | - | ||
Restricted cash | ||||||
- | - | 0 | - | 0 | ||
Proceeds deposited in Trust Account | ||||||
- | - | 0 | - | -69,972 | ||
Purchases of investments held in Trust Account | ||||||
- | - | 210,065 | - | 0 | ||
Proceeds from maturity of investments held in Trust Account | ||||||
- | - | 210,065 | - | 0 | ||
Net Cash Used in Investing Activities | ||||||
-15,855 | -24,209 | 0 | -22,059 | -69,972 | ||
Cash Flows from Financing Activities: | ||||||
Cash acquired from reverse merger | ||||||
0 | 6,083 | - | 0 | - | ||
Proceeds from issuing ordinary shares | ||||||
0 | 0 | 0 | 0 | 1 | ||
Proceeds from short-term bank borrowings | ||||||
5,178 | 13,997 | - | 5,619 | - | ||
Repayment of short-term bank borrowings | ||||||
1,331 | 6,020 | - | 12,843 | - | ||
Proceeds from secured loan | ||||||
0 | 0 | - | 25,783 | - | ||
Repayment of secured loan | ||||||
0 | 9,150 | - | 15,942 | - | ||
Proceeds from loans from a cost investment investee | ||||||
0 | 15,050 | - | 16,054 | - | ||
Repayment from loans from a cost investment investee | ||||||
0 | 15,050 | - | 0 | - | ||
Proceeds from sale of ordinary shares to Sponsor | ||||||
- | - | 0 | - | 23 | ||
Proceeds from initial public offering, net of $2,229,250 commissions | ||||||
- | - | 0 | - | 66,371 | ||
Proceeds from purchase of underwriters' purchase option | ||||||
- | - | 0 | - | 0 | ||
Proceeds from convertible promissory note - related party | ||||||
- | - | 500 | - | 0 | ||
Proceeds from a related party | ||||||
0 | 1,615 | 687 | 0 | 0 | ||
Repayment of convertible promissory note | ||||||
650 | 0 | - | 0 | - | ||
Payments of dividends | ||||||
873 | 7,795 | - | 5,647 | - | ||
Amortization of secured loans | ||||||
221 | 0 | - | 0 | - | ||
Proceeds from advance payable to Sponsor | ||||||
- | - | 0 | - | 175 | ||
Repayment of advance payable to Sponsor | ||||||
- | - | 0 | - | 175 | ||
Proceeds from private placements to sponsor | ||||||
- | - | 0 | - | 4,220 | ||
Proceeds from private placements to EBC | ||||||
- | - | 0 | - | 331 | ||
Payment of offering costs | ||||||
- | - | 0 | - | 442 | ||
Net Cash (used in) / Provided by Financing Activities | ||||||
2,544 | -1,270 | 1,187 | 13,023 | 70,505 | ||
Effect of Exchange Rate Changes on Cash and Cash Equivalents | ||||||
136 | -184 | - | -289 | - | ||
Net change in Cash and Cash Equivalents | ||||||
-3,276 | -2,236 | -171 | 6,616 | 224 | ||
Supplemental Cash Flow Information | ||||||
Cash paid for interest expense | ||||||
3,106 | 5,136 | - | 3,846 | - | ||
Cash paid for income tax | ||||||
1,895 | 3,624 | - | 3,648 | - | ||
Increase in deferred legal fees | ||||||
- | - | 0 | - | 100 | ||
Redeemed Ordinary shares payable | ||||||
- | - | 53,607 | - | 0 | ||